Chen Yuan (陈元), born in January 1945, is Governor of the China Development Bank.
Chen Yuan graduated with a Master' s degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences. He was appointed secretary of the Xicheng District Committee of the Beijing Municipal Committee of the Communist Party (CPC) and director-general of the Beijing Municipal Commerce and Trade Department in August 1982.
He assumed the post ...
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Chen Yuan (陈元), born in January 1945, is Governor of the China Development Bank.
Chen Yuan graduated with a Master' s degree in Industrial Economics from the Graduate School of Chinese Academy of Social Sciences. He was appointed secretary of the Xicheng District Committee of the Beijing Municipal Committee of the Communist Party (CPC) 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. Mr. 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 Mr. 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, Mr. Chen was charged with helping to turn the People's Bank...
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