Dai Xianglong (; born 1 October 1944) is a Chinese politician. He is the former governor of the

People's Bank of China The People's Bank of China (officially PBC and unofficially PBOC) is the central bank of the People's Republic of China. It is responsible for carrying out monetary policy as determined by the ''PRC People's Bank Law'' and the ''PRC Commercia ...

, and the former

mayor of Tianjin The mayor of Tianjin, officially the Mayor of the Tianjin Municipal People's Government, is the head of Tianjin Municipality and leader of the Tianjin Municipal People's Government. The mayor is elected by the Tianjin Municipal People's Congress, ...

. He currently serves as the president and

Chinese Communist Party The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the ...

(CCP) party chief of the

National Council for Social Security Fund National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, ...

Biography

Born in

Yizheng Yizheng () is a county-level city under the administration of the prefecture-level city of Yangzhou, Jiangsu province, China, with a population of about 600,000 (2007). It borders the prefecture-level divisions of Chuzhou (Anhui) to the north, Na ...

Jiangsu Province Jiangsu is a coastal province in East China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the third smallest, but the fifth most populous, with a population of 84. ...

, Dai graduated from the department of accounting of the Central Institute of Finance and Economics (now the

Central University of Finance and Economics The Central University of Finance and Economics (CUFE) is a public finance and economics university located in Beijing, China. Affiliated with the Ministry of Education of China, the university is co-sponsored by the Ministry of Education, the M ...

), majoring in financial accounting. He joined the Chinese Communist Party in May 1973. After graduation, he served as an accountant at the finance office of the Guishan Coal Mine in

Yunnan Yunnan; is an inland Provinces of China, province in Southwestern China. The province spans approximately and has a population of 47.2 million (as of 2020). The capital of the province is Kunming. The province borders the Chinese provinces ...

, an official in its propaganda office, vice secretary of the CCP committee at the second industrial zone, and an official at the political department of the Coal Industrial Bureau in Yunnan. Later, he moved to

Jiangsu Jiangsu is a coastal Provinces of the People's Republic of China, province in East China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the List of Chinese administra ...

and became an official of the

Agricultural Bank of China The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the " big four" banks in China, and the second ...

Jiangsu Branch, vice director of its appropriation office, vice mayor of Feng County of Jiangsu, and vice governor of the Agricultural Bank of China Jiangsu Branch. From 1985 to 1995, he served as vice governor of the Agricultural Bank of China, general manager, vice president and CCP party chief of the

Bank of Communications Bank of Communications (BOCOM or BankComm) is a Chinese multinational banking and financial services corporation. It was originally established in 1908 and was one of a handful of domestic Chinese banks that issued banknotes in modern history. ...

, and vice governor and deputy party chief of the

. He was appointed as governor and CCP party chief of the People's Bank of China in June 1995. Since then, he has become well recognized. In June 2001, he was additionally appointed as vice secretary of the central finance commission. During his tenure as governor of China's central bank, Dai presided over 9 consecutive interest rate reductions, earning him the nickname of "governor who lowers the interest rate". In December 2002, he was appointed vice secretary of the CCP Tianjin municipal committee, and vice mayor and acting mayor of Tianjin. He was confirmed as mayor in January 2003. On December 28, 2007, Dai resigned as mayor of Tianjin, and vice mayor Huang Xingguo succeeded him in this post. The secretary of the CCP Tianjin committee,

Zhang Gaoli Zhang Gaoli ( zh, 张高丽; ; born November 1946) is a Chinese retired politician who served as the first-ranking vice premier of China between 2013 and 2018, and as the seventh-ranking member of the Politburo Standing Committee of the Chi ...

, commented on Dai Xianglong, "Dai was very devoted to the fast development of Tianjin. He had great passion for the officials and people of Tianjin. The people of Tianjin won't forget his contributions......". On January 30, 2008, the

State Council State Council may refer to: Government * State Council of the People's Republic of China, the national cabinet and chief administrative authority of China, headed by the Premier * State Council of the Republic of Korea, the national cabinet of S ...

appointed Dai as the president and party chief of the National Council for Social Security Fund, in charge of the national fund of 740 billion RMB (yuan). Dai is a senior economist and a research fellow. He was an alternate member of the

14th Central Committee of the Chinese Communist Party The 14th Central Committee of the Chinese Communist Party was in session from 1992 to 1997. It held seven plenary sessions. It was preceded by the 13th Central Committee. It was elected by the 14th National Congress of the Chinese Communist Party ...

, and a full member of the 15th, 16th and 17th Central Committees.

References

, - {{DEFAULTSORT:Dai, Xianglong Living people 1944 births 21st-century mayors of places in China Agricultural Bank of China people Businesspeople from Jiangsu Central University of Finance and Economics alumni Governors of the People's Bank of China Mayors of Tianjin People from Yangzhou People's Republic of China politicians from Jiangsu Delegates to the 10th National People's Congress Alternates of the 14th Central Committee of the Chinese Communist Party Members of the 15th Central Committee of the Chinese Communist Party Members of the 16th Central Committee of the Chinese Communist Party Members of the 17th Central Committee of the Chinese Communist Party