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  • Xia Bin (夏斌)
    Born : May , 1951Gender : Male
Scholar
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Occupation

Counselor of the State Council, Chairman of the Contemporary Economics Foundation.

Education

Graduate School of the People's Bank of China.

Experience

Honorary Director of the Financial Research Institute of the Development Research Center of the State Council, Chairman of the China Chief Economist Forum, and a member of the China Economic 50 Forum.

From 1978 to 1981, worked in the Propaganda Department and Cadre Education Department of the People's Bank of China.

In 1984, he graduated from the Graduate School of the People's Bank of Wudaokou, Huangpu, Finance.

From 1985 to 1987, he served as the deputy director of the Applied Theory Research Office of the Financial Research Institute of the People's Bank of China.

From 1987 to 1992, he was the director of the Domestic Finance Research Office of the Financial Research Institute of the People's Bank of China.

In February 1993, he was transferred to the China Securities Regulatory Commission as the director of the transaction department and the director of the information department.

From July 1993 to 1995, he was the general manager of Shenzhen Stock Exchange. From 1996 to August 1998, he was Deputy Director of the Policy Research Office of the People's Bank of China.

From August 1998 to September 2002, he was the director of the supervision department of the non-bank financial institutions of the People's Bank of China.

Since September 2002, he has been the director and researcher of the Financial Research Institute of the Development Research Center of the State Council.

In March 2012, the General Office of the State Council issued the "Notice on Adjusting the Composition of the Monetary Policy Committee of the People's Bank of China" and stated that Xia Bin no longer serves as a member of the Monetary Policy Committee.

On September 12, 2012, Leo Melamed was hired as the chief consultant of China International Futures Corporation

In November 2012, he chaired the China Chief Economist Forum.

Contribution

Relevant academic papers have won the China Sun Yefang Economics Prize and many other national paper awards in the early 1990s.

Notable Works|Publications

China Financial Strategy 2020, People's Publishing House (2011)

Ten Questions about China's Financial Future, Oriental Press (2011)

"Encyclopedia of Shenzhen Securities, China" (Editor) Xinhua Publishing House (1994)

Main Opnions

After more than 30 years of reform and opening up, China has become the world's second largest economy. However, China's future development still faces many contradictions. Internally, long-term structural problems and deep-seated contradictions and new problems derived from development will restrict further economic growth. From the outside, it is an indisputable fact that the growing Chinese economy is changing the world economic structure China also has to assume world responsibilities that may not be commensurate with its actual level of development and capabilities, and will face a more complex international environment. In this context, China's future development path may be more difficult, requiring higher wisdom and grander strategies. As a matter of fact, China is currently facing a double transformation from an economic powerhouse to an economic powerhouse, and from a financial weak country to a financial powerhouse.

Controversy

In 2001, Xia Bin, who was also the director of the non-banking division of the People's Bank of China, faced with the daily heavy burden of rectifying trust companies and financial order affairs. It is no longer suitable as the only intermediary target of China's monetary policy. This sideline article not only caused controversy within the central bank, but also caused widespread repercussions at the decision-making level and academia.

 
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