Dai Xianglong
Encyclopedia
Dai Xianglong is a politician of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

. He is the former governor of the People's Bank of China
People's Bank of China
The People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...

, and the former mayor of Tianjin
Tianjin
' is a metropolis in northern China and one of the five national central cities of the People's Republic of China. It is governed as a direct-controlled municipality, one of four such designations, and is, thus, under direct administration of the central government...

. He currently serves as the president and Communist Party of China
Communist Party of China
The Communist Party of China , also known as the Chinese Communist Party , is the founding and ruling political party of the People's Republic of China...

 (CPC) party chief of the National Council for Social Security Fund
National Council for Social Security Fund
The National Council for Social Security Fund is a supplementary fund of the People's Republic of China which is used for social security.-History:...

.

Biography

Born in Yizheng
Yizheng
Yizheng is a city in Yangzhou, Jiangsu, China with a population of 600000 .- General Information :Yizheng is a county-level city under the jurisdiction of Yangzhou Prefecture City.- Geography :...

, Jiangsu Province, Dai graduated from the department of accounting of the Central Institute of Finance and Economics (now the Central University of Finance and Economics
Central University of Finance and Economics
Central University of Finance and Economics , colloquially known in Chinese as Zhongcai (中财) or Yangcai and formerly as the Central Institute of Finance and Economics, is a university in Beijing, China...

), majoring in financial accounting. He joined the Communist Party of China in May 1973.

After graduation, he served as an accountant at the finance office of the Guishan Coal Mine in Yunnan
Yunnan
Yunnan is a province of the People's Republic of China, located in the far southwest of the country spanning approximately and with a population of 45.7 million . The capital of the province is Kunming. The province borders Burma, Laos, and Vietnam.Yunnan is situated in a mountainous area, with...

, an official in its propaganda office, vice secretary of the CPC committee at the second industrial zone, and an official at the political department of the Coal Industrial Bureau in Yunnan. Later, he moved to Jiangsu
Jiangsu
' is a province of the People's Republic of China, located along the east coast of the country. The name comes from jiang, short for the city of Jiangning , and su, for the city of Suzhou. The abbreviation for this province is "苏" , the second character of its name...

 and became an official of the Agricultural Bank of China
Agricultural Bank of China
Agricultural Bank of China Limited , also known as AgBank, is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951, and has its headquarters in Beijing...

 Jiangsu Branch, vice director of its appropriation office, vice mayor of Feng County
Feng County, Jiangsu
Feng County, Jiangsu is a county of Jiangsu, China. It is under the administration of Xuzhou city.-References:*...

 of Jiangsu, and vice governor of the Agricultural Bank of China Jiangsu Branch. From 1985 to 1995, he served as vice governor of the Agricultural Bank of China, general manager, vice president and CPC party chief of the Bank of Communications
Bank of Communications
Bank of Communications Limited , founded in 1908, is one of the largest banks in China.-Before 1949:The Bank of Communications was founded in 1908 and emerged as one of the first few major national and note-issuing banks in the early days of the Republic of China...

, and vice governor and deputy party chief of the People's Bank of China
People's Bank of China
The People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...

.

He was appointed as governor and CPC party chief of the People's Bank of China in June 1995. Since then, he has become well recognized. In June 2001, he was additionally appointed as vice secretary of the central finance commission. During his tenure as governor of China's central bank, Dai presided over 9 consecutive interest rate reductions, earning him the nickname of "governor who lowers the interest rate".

In December 2002, he was appointed vice secretary of the CPC Tianjin municipal committee, and vice mayor and acting mayor of Tianjin. He was confirmed as mayor in January 2003. On December 28, 2007, Dai resigned as mayor of Tianjin, and vice mayor Huang Xingguo
Huang Xingguo
Huang Xingguo is the current mayor of Tianjin.-Biography:Born in Oct. 1954 in Xiangshan County, Ningbo, Zhejiang Province, he joined the Communist Party of China in 1973....

 succeeded him in this post. The secretary of the CPC Tianjin committee, Zhang Gaoli
Zhang Gaoli
Zhang Gaoli is the current CPC Tianjin Committee Secretary. He was the Party Secretary in the economic sprawl of Shandong province until March 2007.-Biography:...

, commented on Dai Xianglong, "Dai was very devoted to the fast development of Tianjin. He had great passion for the officials and people of Tianjin. The people of Tianjin won't forget his contributions......".

On January 30, 2008, the State Council
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...

 appointed Dai as the president and party chief of the National Council for Social Security Fund, in charge of the national fund of 740 billion RMB (yuan).

Dai is a senior economist and a research fellow. He was an alternate member of the 14th Central Committee of the Communist Party of China
14th Central Committee of the Communist Party of China
The 14th Central Committee of the Communist Party of China was in session from 1992 to 1997. It held seven plenary sessions.It elected the 14th Politburo of the Communist Party of China in 1992.-Brief chronology:#1st Plenary Session...

, and a full member of the 15th
15th Central Committee of the Communist Party of China
The 15th Central Committee of the Communist Party of China was in session from 1997 to 2002. It held seven plenary sessions.It elected the 15th Politburo of the Communist Party of China in 1997.-Brief chronology:#1st Plenary Session...

, 16th
16th Central Committee of the Communist Party of China
The 16th Central Committee of the Communist Party of China was in session from 2002 to 2007. It held seven plenary sessions.It elected the 16th Politburo of the Communist Party of China in 2002.-Brief chronology:#1st Plenary Session...

 and 17th
17th Central Committee of the Communist Party of China
The 17th Central Committee of the Communist Party of China is in session from 2007 to 2012.It elected the 17th Politburo of the Communist Party of China in 2007.-Chronology:#1st Plenary Session#*Date: October 22, 2007#*Location: Beijing...

 Central Committees
Central Committee of the Communist Party of China
The Central Committee of the Communist Party of China is the highest authority within the Communist Party of China. Its approximately 350 members and alternates are selected once every five years by the National Party Congress....

.
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