Chen Yuan
Chen Yuan | |
|---|---|
| 陈元 | |
| Vice Chairman of the Chinese People's Political Consultative Conference | |
| In office 11 March 2013 – 14 March 2018 | |
| Chairman | Yu Zhengsheng |
| Personal details | |
| Born | January 1945 (age 79) Qingpu District, Jiangsu, China |
| Citizenship | People's Republic of China |
| Political party | Chinese Communist Party |
| Occupation | Chairman of China Association for International Friendly Contact |
| Movements in contemporary |
| Chinese political thought |
|---|
 |
Chen Yuan (Chinese: 陈元, born in January 1945) is a Chinese economist who is the current chairman of the China Association for International Friendly Contact (CAIFC).[1] He was previously 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.[2]: 63
Biography
[edit]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. He was appointed secretary of the Xicheng District Committee of the Beijing Municipal Committee of the Chinese Communist Party (CCP) and director-general of the Beijing Municipal Commerce and Trade Department in August 1982.[citation needed] 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.[citation needed]
Chen was appointed China Development Bank's governor in April 1998.[3]: 34 Chen implemented reforms designed to increase CDB's autonomy by reducing state involvement in CDB's fundraising and lending.[3]: 34
Following the 2007-2008 global financial crisis, Chen was among the Chinese policymakers who favored China shifting from its traditionally passive management of its foreign exchange reserves to a more active approach.[2]: 63 Chen's view was that China should hedge against increasing commodity prices and the falling US dollar by using its foreign exchange reserves to buy energy and mineral assets.[2]: 63
He has been the Chairman of the China Finance 40 Forum (CF40) since its founding in 2008.[4][5]
Chen left his position as CDB governor in 2013.[3]: 157 CDB's institutional power declined after Chen left.[3]: 157
In 2013, Chen became a vice chair of the National Committee of the Chinese People's Political Consultative Conference.[3]: 84
References
[edit]- ^ "陈元 - 会长 - 中国国际友好联络会". China Association for International Friendly Contact. Retrieved 2022-12-26.
- ^ a b c Liu, Zongyuan Zoe (2023). Sovereign Funds: How the Communist Party of China Finances its Global Ambitions. The Belknap Press of Harvard University Press. doi:10.2307/jj.2915805. ISBN 9780674271913. JSTOR jj.2915805.
- ^ a b c d e Chen, Muyang (2024). The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance. Ithaca and London: Cornell University Press. ISBN 9781501775857.
- ^ "Organizational Structure". CF40.
- ^ Michael Forsythe, Henry Sanderson (June 2011). "Financing China Costs Poised to Rise With CDB Losing Sovereign-Debt Status". Bloomberg Market Magazine.
External links
[edit]| International | |
|---|---|
| National | |
- 20th-century Chinese economists
- Living people
- Family of Chen Yun
- 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
- Alternate members of the 16th Central Committee of the Chinese Communist Party
- Alternate members of the 17th Central Committee of the Chinese Communist Party