China’s central bank has named 2 new academic advisers, who are they?
- Peking University’s Huang Yiping and Tsinghua University’s Huang Haizhou named as new academic advisers to the People’s Bank of China
- The monetary policy committee holds a meeting every quarter and submits advice to the State Council, which gives the final approval on key moves
China’s central bank has appointed two prominent economists to its policy advisory body as Beijing embarks on a new mission to become a financial superpower and secure a leading position in the global digital economy race.
The People’s Bank of China (PBOC) on Tuesday named Peking University’s Huang Yiping and Tsinghua University’s Huang Haizhou as its new academic advisers.
Huang Yiping, a former chief Greater China economist at Citi, and Huang Haizhou, a former executive of the China International Capital Corporation (CICC), have replaced Cai Fang and Liu Shijin as the academic members of the committee.
Cai, a prominent labour economist at the Chinese Academy of Social Sciences, joined the committee in 2021, while Liu, an advocate of government and enterprise reform who is a former deputy director of the Development Research Centre of the State Council, had been on the committee since 2018.
Peking University National School of Development head Huang Yiping was previously on the panel between 2015 and 2018.
An opinion leader in the development of China’s digital currency, Huang Yiping worked at Barclays following his experience at Citibank, while he holds a doctorate in economics from the Australian National University.
Huang Haizhou, who is a professor at Tsinghua University’s PBC School of Finance, was a senior economist at the International Monetary Fund and Barclays before becoming a senior executive at the CICC.