Chen Yuan (, born in January 1945) is a Chinese

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

who served as the Chairman of the China Development Bank from March 1998 to April 2013. Chen Yuan then served as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference from 2013 to 2018. He is the eldest son of former Vice Premier Chen Yun.

Biography

Chen Yuan graduated with a master's degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences, where he studied under the supervision of economists Yu Guangyuan and

Ma Hong Ma Hong (; May 18, 1920 ? – October 28, 2007), born in Dingxiang County, Shanxi Province, China, was a well known economist and was chiefly responsible for the reintroduction of market economics to China. He also pioneered Policy Consultation an ...

. He was appointed secretary of the

Xicheng District Xicheng District () is a district of Beijing. Xicheng District spans , covering the western half of the old city (largely inside the 2nd Ring Road - the eastern half is Dongcheng District, Beijing, Dongcheng District), and has 706,691 inhabitant ...

Committee of the

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Municipal Committee of the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Ci ...

(CCP) and director-general of the Beijing Municipal Commerce and Trade Department in August 1982. He assumed the post of deputy secretary of the leading party members' group and vice governor of the People's Bank of China in March 1988. Chen's leadership at the People's Bank of China was noteworthy. It was a time when China was just opening up trading with the West. Prior to 1988 when Chen joined PBOC, there were almost no international reserves. However, by 1992, as trade increased, the foreign reserves also started to grow as a result of the international trade to over US$10 billion. Thus, Chen was charged with helping to turn the People's Bank of China into a modern central bank. As one of the key things he did, he brought in outside advisors such as William Lawton, a noted fixed income and currency expert who was a Senior Vice President in charge of global fixed income at Trust Company of the West, a well known international asset management company headquartered in Los Angeles. Chen oversaw the implementation under Lawton's supervision of risk guidelines for the Bank, utilization of research models such as the Lawton Bond Model, and upgrading of the computer and trading systems. It was under Chen's leadership and foresight that PBOC was put on a firm footing to become the world's largest central bank in a little over a decade. He has been the Chairman of the China Finance 40 Forum (CF40) since its founding in 2008.

References

External links

Chen Yuan
a
chinavitae.com
People's Republic of China economists Living people Chen Yun family People's Republic of China politicians from Shanghai Chinese Communist Party politicians from Shanghai Members of the Preparatory Committee for the Hong Kong Special Administrative Region Beijing No. 4 High School alumni China Development Bank people 1945 births Economists from Shanghai Vice Chairpersons of the National Committee of the Chinese People's Political Consultative Conference {{China-economist-stub