Yi Gang
Encyclopedia
Yi Gang (born 1958) is the Director of the State Administration of Foreign Exchange
State Administration of Foreign Exchange
The State Administration of Foreign Exchange of the People's Republic of China is an administrative agency tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign exchange reserves, which at the end of July 2011 stood at $3.2 trillion...

 and Deputy 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...

.

Biography

Yi Gang was born in Beijing. He studied at Beijing University, Hamline University
Hamline University
-Red Wing location :Hamline was named in honor of Leonidas Lent Hamline, a bishop of the Methodist Church whose interest in the frontier led him to donate $25,000 toward the building of an institution of higher learning in what was then the territory of Minnesota. Today, a statue of Bishop Hamline...

 in Saint Paul, Minnesota
Saint Paul, Minnesota
Saint Paul is the capital and second-most populous city of the U.S. state of Minnesota. The city lies mostly on the east bank of the Mississippi River in the area surrounding its point of confluence with the Minnesota River, and adjoins Minneapolis, the state's largest city...

 and obtained his Ph.D in Economics from University of Illinois. He became an Associate Professor with tenure at Indiana University – Purdue University Indianapolis (IUPUI) and then joined the faculty of Beijing University as professor, vice head of the Center for Economics Research, and Ph.D advisor in Economics. He went to 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...

 in 1997 and then successively served as Deputy Secretary-General and Secretary-General of the Monetary Policy Committee, Deputy Director-General and Director-General of the Monetary Policy Department, and Assistant Governor, as well as President of the Operations Office from September 2006 to October 2007. In December 2007, he was appointed Deputy Governor of the People's Bank of China. In 2009, he became Director of the State Administration of Foreign Exchange
State Administration of Foreign Exchange
The State Administration of Foreign Exchange of the People's Republic of China is an administrative agency tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign exchange reserves, which at the end of July 2011 stood at $3.2 trillion...

(SAFE).

Yi has published more than 40 articles in Chinese, and 20 academic papers in English that have appeared in economics journals such as the Journal of Econometrics, the China Economic Review, and Comparative Economic Studies. Yi is the author of ten books, and he served as a consultant for the Scandinavian Journal of Statistics, the Journal of Econometrics, China Economic Review, Comparative Economic Studies, Economic Theory, Contemporary Policy Issues, and the Journal of Asian Economics. He also serves on the editorial board of the China Economic Review and the Journal of Asian Economics.
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