Premier of the State Council Li Keqiang nominated Yi Gang as Governor of the People’s Bank of China (PBC) on March 19, 2018.This nomination has been approved by vote at the 1st session of the 13th National People's Congress.
Yi Gang was a co-founder of the National School of Development at Peking University (NSD). In 1994, he, together with scholars Justin Yifu Lin, Hai Wen, Zhang Weiying, Zhang Fan and Yu Mingde co-founded China Center for Economic Research (CCER) at Peking University (PKU).CCER was renamed National School of Development in 2008.
While at PKU, Professor Yi Gang and a number of professors including Justin Yifu Lin, Zhou Qiren, Hai Wen and Zhang Weiying jointly established the double-major economics program, postgraduate (master’s and doctorate) program as well as the BiMBA international MBA program at NSD. He was an important pioneer and architect of modern Chinese education in the areas of economics and business administration at NSD.
Yi Gang’s biography is set out below:
Yi Gang, male, born 1958, PhD in economics
1978-1980: Studied economics in PKU
1980-1986: Graduated from Hamline University in the USA with a degree in business administration, and received a doctorate in economics from the University of Illinois
1986-1994: Taught at the economics faculty of the University of Indiana first as teaching assistant, then as associate professor; obtained tenure in 1992
1994: Returned to China, and co-founded China Center for Economic Research at Peking University with Justin Yifu Lin, Hai Wen, Zhang Weiying, Zhang Fan and Yu Mingde; served as professor, deputy director, and doctoral advisor
1997-2002: Deputy Secretary-General of the Monetary Policy Committee of the PBC
2002-2003: Secretary-General of the Monetary Policy Committee (head of department or equivalent grade) and Deputy Director-General of the Monetary Policy Department of the PBC
2003: Director-General of the Monetary Policy Department of the PBC
July 2004: CPC committee member and Assistant Governor of the PBC (in September 2006-October 2007, concurrently CPC Committee Secretary and President of the Operations Office of the PBC, and Head of the Beijing Foreign Exchange Administration Office of the State Administration of Foreign Exchange (SAFE))
December 2007: CPC committee member and Deputy Governor of the PBC
July 2009: CPC committee member and Deputy Governor of the PBC, as well as Administrator of the SAFE and Secretary of the CPC Leadership Group of the SAFE
April 2014: Vice Minister of the Office of the Central Leading Group on Financial and Economic Affairs, CPC committee member and Deputy Governor of the PBC, as well as Administrator of the SAFE and Secretary of the CPC Leadership Group of the SAFE
December 2015: Vice Minister of the Office of the Central Leading Group on Financial and Economic Affairs, as well as CPC committee member and Deputy Governor of the PBC
March 2016: Vice Minister of the Office of the Central Leading Group on Financial and Economic Affairs, as well as Deputy Secretary of the CPC committee and Deputy Governor of the PBC
March 2018: Governor of PBC
About the National School of Development at Peking University
The National School of Development at Peking University (NSD) is an integrated college that offers a multidisciplinary program centered on economics. Its predecessor, China Center for Economic Research at Peking University (CCER), was founded in 1994 by six overseas trained scholars including Justin Yifu Lin, Yi Gang, Hai Wen, Zhang Weiying, Zhang Fan and Yu Mingde. As more scholars joined, and research and teaching expanded, it was renamed the National School of Development at Peking University in 2008.
NSD boasts a faculty of renowned domestic and foreign scholars including Justin Yifu Lin, Zhou Qiren, Hai Wen, Yi Gang, Zhang Weiying, Song Guoqing, Min Weifang, Yao Yang, Huang Yiping, Gordon Liu, Li Ling, Zhao Yaohui, Fu Jun and Chen Chunhua.The School has adhered to the inclusive and harmony in diversity tradition of PKU. It focuses particularly on practical issues, and has spared no effort in advancing China’s progress by integrating academics and reality.
For more than two decades, NSD has adopted a three-in-one development approach of teaching, research and think tank, and has become a key contributor to making PKU a first class university in the world.
NSD offers three major teaching programs in the fields of political science, business and academia.Its academic program comprises the master’s and doctorate economics program, the double-major economics program, as well as the bachelor’s degree program in national development which commenced in Fall 2017.In terms of business education, the BiMBA’s MBA, EMBA and EDP programs are highly rated.The Institute of South-South Cooperation and Development at Peking University administered by NSD offers education programs in government and public administration as well as economic administration, helping to nurture mid- and senior level officials in developing countries.
In research, NSD is a leader in the domestic rankings for per capita academic publications, and has produced influential research achievements. CCER has always been an academic exchange platform of international influence in China’s economics circle.
In terms of think tanks, NSD, adhering to the “small organization, big network” philosophy, has aggregated the research resources of PKU, and even the world. It has produced influential policy recommendations in many major issues such as government and market relations, new rural construction, and state-owned enterprise reform, which have been adopted by the government. The School is the indisputable leader of think tanks among institutions of higher learning in China, and was listed as the first batch of high-end think tanks of the State in 2016.NSD also prides itself on three major think tank brand events, namely, “Conference of CMRC China Economic Observer”, “Policy Talk” and “National Development Forum”.
