Jin Liqun
金立群
Jin during the World Economic Forum 2013
President of the Asian Infrastructure Investment Bank
Assumed office
16 January 2016
Preceded byPosition established
Personal details
BornAugust 1949 (age 74)
Changshu, Jiangsu, China
Political partyChinese Communist Party
Alma materBeijing Foreign Studies University

Jin Liqun (Chinese: 金立群; born August 1949) is a Chinese politician, banker, and professor. He is currently the president of the Asian Infrastructure Investment Bank (AIIB).[1][2] He was formerly the chairman of China International Capital Corporation,[3] the Vice President of the Asian Development Bank, and the Vice Minister of Finance of the People's Republic of China.[4]

Early life and education

Jin was born in Changshu, Jiangsu. He studied high school in Jiangyin but could not complete his education to bachelor's degree level because of the Cultural Revolution. As a teenager he briefly joined the Red Guards and from 1968 was sent to work in the countryside to grow rice. For three years he did this agricultural work and still continued to study by himself, which led to an appointment as teacher in a local middle school.[5] In 1978 the universities reopened and he entered Beijing Foreign Studies University's Master program, graduating with a Master of Arts in English in 1980. He was later a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988.[6] He is fluent in both English and French.

Career

In 1980 Jin joined the Chinese Ministry of Finance office at the World Bank in Washington, D.C., later becoming Director General of the World Bank Department, and Alternative Executive Director of China to the World Bank Group. He became Vice Minister in 1998. He was a member of the Monetary Policy Committee of the People’s Bank of China.

From 2003 to 2008, Jin was vice president, and then ranking vice president, of the Asian Development Bank (ADB), in charge of programs for South, Central and West Asia, and private sector operations.

Jin was the chairman of the supervisory board, China Investment Corporation, from September 2008 to May 2013.[7]

From 2009 to 2012, Jin served first as deputy chairman, and subsequently as chairman of the International Forum of Sovereign Wealth Funds.

Jin was then chairman of China International Capital Corporation, a major Chinese investment banking firm based in Beijing from May 2013 to October 2014.

In October 2014 Jin became secretary-general of the Multilateral Interim Secretariat established to create the AIIB. He became president-designate and in January 2016 he was elected as the president of the AIIB.[1][8]

Jin is an adjunct professor and doctoral advisor at both Beijing Foreign Studies University and Nankai University.[9]

Books

Jin led the translation work of classic banking history The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance[6] and wrote Economic Development: Theories and Practices in collaboration with Nicholas Stern, then chief economist of the European Bank for Reconstruction and Development.[10] Jin also published a book An Anthology of English Verse as an editor.[11]

Personal life

Jin's daughter is Keyu Jin, an associate professor of Economics at London School of Economics and Political Science.[12]

References

  1. 1 2 The History of AIIB|About AIIB
  2. ↑ "CNBC Transcript: Interview with Jin Liqun, President of AIIB". CNBC. 21 January 2016. Retrieved 2016-02-06.
  3. ↑ Ho, Prudence. "CICC Chairman Jin Liqun Resigns". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-02-06.
  4. ↑ "ADB Appoints Jin Liqun as Vice President".
  5. ↑ "Lunch with the FT: Jin Liqun". Financial Times. 22 April 2016.
  6. 1 2 "Jin Liqun, a Translator and Deal-Maker, Nominated for AIIB Head". Bloomberg News. Retrieved 2016-02-06.
  7. ↑ "China Investment Corporation". www.china-inv.cn. Archived from the original on 2016-02-25. Retrieved 2016-02-06.
  8. ↑ Magnier, Mark. "China's Jin Liqun Named President-Elect of Asian Infrastructure Investment Bank". The Wall Street Journal. ISSN 0099-9660. Retrieved 2016-02-06.
  9. ↑ "校友代表 - 北京外国语大学英语学院". Archived from the original on 2016-02-06. Retrieved 2015-09-18.
  10. ↑ "Who's Jin Liqun: The "gold" that glitters in AIIB - Xinhua | English.news.cn". news.xinhuanet.com. Archived from the original on February 6, 2016. Retrieved 2016-02-06.
  11. ↑ 贺嘉. "China names its candidate to head AIIB Beijing news, English news, latest beijingnews,www.bjd.com.cn". www.bjd.com.cn. Retrieved 2016-02-06.
  12. ↑ "Keyu Jin - LSE - Department of Economics".
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