Liu Mingkang () (born August 28, 1946 in

Fuzhou Fuzhou is the capital of Fujian, China. The city lies between the Min River (Fujian), Min River estuary to the south and the city of Ningde to the north. Together, Fuzhou and Ningde make up the Eastern Min, Mindong linguistic and cultural regi ...

Fujian Fujian is a provinces of China, province in East China, southeastern China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its capital is Fuzhou and its largest prefe ...

) is a Chinese former politician, public servant and economist. He graduated from the

University of London The University of London (UoL; abbreviated as Lond or more rarely Londin in Post-nominal letters, post-nominals) is a collegiate university, federal Public university, public research university located in London, England, United Kingdom. The ...

in 1987. In 1988, he received an MBA from the

Cass Business School Bayes Business School, formerly known as Cass Business School, is the business school of City St George's, University of London, located in St Luke's, just to the north of the City of London. It was established in 1966. Bayes Business School ...

. He served as chairman of the

China Banking Regulatory Commission The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council of the People's Republic of China, State Council to regulate the Chinese banking sector, banking sector of the P ...

from its creation in 2003 until he reached the retirement age of 65. During his tenure he was responsible for putting in place an effective regulatory structure which helped the Chinese banking system weather the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

and emerge relatively healthy and well capitalized. Liu told the

Boao Forum for Asia The Boao Forum for Asia (BFA; zh, c=博鳌亚洲论坛, p=Bó'áo Yàzhōu Lùntán), initiated by 25 Asian countries and Australia (increased to 28 in 2006), is a nonprofit that hosts high-level forums for leaders from government, business and ...

in 2012 that liberalization of financial markets is "part of a package" in the latest Five-Year Plan for promoting domestic-driven growth and rebalancing exports and imports. The liberalization "is not a piecemeal approach, but part of a series of building blocks, he said", according to one report.

Early life

Liu grew up in Shanghai after completing high school in 1965. He was sent to do manual labour at a farm in Jiangsu province where he taught himself English studying old BBC textbooks and listening to VOA. In 1979, at age 29 he passed the civil service exam. Liu was influenced by Margaret Thatcher's privatisation in 1984 while serving at the Bank of China's branch in London. He subsequently earned an MBA from City University of London.

Career highlights

*2011–present BCT Distinguished Research Fellow of the Institute of Global Economics and Finance, The Chinese University of Hong Kong *Current, the first distinguished fellow of the Fung Global Institute, Hong Kong"Liu Mingkang: Distinguished Fellow"
bio, FGI web page. Retrieved 2012-04-10. *2007— Member, 17th CPC, Central Committee *Current member, China

National Energy Commission The National Energy Commission (NEC; ) is an interdepartmental coordinating agency of the People's Republic of China, State Council that coordinates the overall energy policies for the People's Republic of China. The body includes 23 members from ...

*Current Vice Chairman of the Committee for Economic Affairs of the National Committee of the

Chinese People's Political Consultative Conference The Chinese People's Political Consultative Conference (CPPCC) is a political advisory body in the People's Republic of China and a central part of the Chinese Communist Party (CCP)'s United front (China), united front system. Its members adv ...

*2003—2011 Chairman, China Banking Regulatory Commission *2002—2007 Alternate Member, 16th CPC, Central Committee *2000—2003 Chairman of

Bank of China The Bank of China (BOC; ; Portuguese language, Portuguese: ''Banco da China'') is a state-owned Chinese Multinational corporation, multinational banking and financial services corporation headquartered in Beijing, Beijing, China. It is one of ...

*1999–2000 Chairman of China Everbright Group *1998—1999 Deputy Governor,

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 ...

, vice-chairman of Monetary Policy Department *1994–1998 Deputy Governor

China Development Bank China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies.

*1993–1994 Deputy Governor and Secretary-General of Fujian Provincial People's Government *1988–1993 Deputy Governor (later Governor) of Bank of China Fujian Province branch

References

Additional References

Liu Mingkang - China Banking Regulatory CommissionChina Vitae : Biography of Liu Mingkang
{{DEFAULTSORT:Liu, Mingkang 1946 births Living people Alumni of the University of London Alumni of Bayes Business School People's Republic of China politicians from Fujian Political office-holders in Fujian Chinese Communist Party politicians from Fujian Politicians from Fuzhou China Everbright Group people Chinese bankers Officials of the People's Bank of China China Development Bank people