Hu Xiaolian Explained

Birth Place:Guangshui, Suizhou, Hubei, China
Party:Chinese Communist Party

Hu Xiaolian (; born May 1958) is a Chinese economist and former Deputy Governor of the People's Bank of China and director of the State Administration of Foreign Exchange in China. In 2007, she was ranked 23rd on The Wall Street Journals "The 50 Women to Watch 2007" list.[1] In 2008, she was ranked fourth on The Wall Street Journals "The 50 Women to Watch 2008" list and was referred to as "one of the most powerful people in the world".[2]

Hu was elected an alternate member of the Central Committee of the Chinese Communist Party at the November 2012 18th National Congress of the Chinese Communist Party.[3]

Biography

Born in Hubei in 1958, Hu graduated from the Graduate School of the People's Bank of China with an MA in economics in 1984.[4] Hu served as Director of the State Administration of Foreign Exchange from 2007–2009. In 2009, she was appointed Deputy Governor of the People's Bank of China.[5]

She is also an adviser to the China Finance 40 Forum (CF40).[6]

In February 2015, Hu was elected as the Chairwoman and Party Secretary of the Export-Import Bank of China (Exim Bank).[7]

In 2020, China joined the G20-led Debt Service Suspension Initiative, through which official bilateral creditors suspended debt repayments of 73 of the poorest debtor countries.[8] At the 2021 Boao Forum, Hu stated that the interest of both debtors and creditors should be considered in debt suspension. Hu stated, "Debt suspension is neither debt reduction nor debt cancellation. It is an adjustment made to tackle difficulties at specific times" and that outright cancellation weakens financial stability.

She served as the top-ranked official at Exim Bank until 2022.

Notes and References

  1. News: The 50 Women to Watch 2007 . The Wall Street Journal.
  2. https://www.wsj.com/articles/SB122608990529609245#project%3DTOP50WOMEN%26articleTabs%3Dinteractive "The 50 Women to Watch 2008"
  3. https://web.archive.org/web/20121117010551/http://news.xinhuanet.com/english/special/18cpcnc/2012-11/14/c_131974821.htm List of alternate members of 18th CPC Central Committee
  4. News: Hu Xiaolian. US-China Business Council. 2009-03-24. dead. https://web.archive.org/web/20081127052606/http://www.uschina.org/public/china/govstructure/bio/huxiaolian.html. 27 November 2008.
  5. http://www.pbc.gov.cn/publish/english/1008/index.html "Management Team - Hu Xiaolian"
  6. Web site: CF40. Organizational Structure.
  7. Web site: 央行副行长胡晓炼出任进出口银行董事长 (图). news.163.com (web.archive). https://web.archive.org/web/20150222212441/http://news.163.com/15/0222/15/AJ2MB5QB00014JB6.html. 2 November 2021. 22 February 2015.
  8. Book: Chen, Muyang . The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance . 2024 . . 9781501775857 . Ithaca and London . 10.7591/jj.6230186.