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Yi Gang

Haruhiko Kuroda, former governor of the Bank of Japan, is among the voices cautioning China over its deflation and low consumer confidence. Photo: Bloomberg

China must act to avoid crisis, former Japanese central banker warns

Former central bank governors have raised the alarm over deflation and slowdown, both of which were symptoms in Japan’s ‘lost decades’.

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China’s AI gains will fuel economy as windfall swells into trillions: McKinsey

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China’s digital yuan ‘at forefront globally’, ex-central bank governor says

China names new central bank governor as twice-a-decade finance conference nears

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.

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Pan Gongsheng has been named governor of the People’s Bank of China. Photo: Reuters

China’s yuan to stay flexible, but Beijing downplays West’s devaluation concerns

Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar.

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China’s retiring central bank governor Yi Gang calls for economic prudence

The People’s Bank of China’s Yi Gang and his analyses on hot-button issues featured prominently in an article for the Journal of Economic Research ahead of his expected retirement.

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China’s central bank chief signals phasing out currency intervention

People’s Bank of China Governor Yi Gang also said the bank will seek to guide monetary policy so that real interest rates move slightly below the potential growth rate.

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Yi Gang, governor of the People’s Bank of China, in Washington US on Saturday. Photo: Bloomberg

China’s top banker blames rate hikes by Western nations for global instability

People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.

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Chinese regulator mulls use of AI chatbots in financial regulation

Lu Lei, deputy head of the State Administration of Foreign Exchange, says technology like ChatGPT, an AI chatbot, could be used to study financial issues and inform monetary policy.

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Explainer | Who is Yi Gang, the US-educated governor of China’s central bank?

Since being appointed central bank governor in 2018, US-educated Yi Gang has led financial reforms and a debt reduction campaign, while maintaining a prudent monetary stance.

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Yi Gang was appointed governor of the People’s Bank of China (PBOC) in 2018. Photo: Bloomberg

Yuan to ‘show good investment value’ as economy recovers, US rate gap narrows

Central bank deputy governor Pan Gongsheng said that as China’s economy recovers and the interest rate differential with the US stabilises, the yuan’s role as a safe-haven asset will become more prominent.

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Pan Gongsheng said on Friday that as China’s economy recovers, the yuan’s role as a safe haven asset will become more prominent. Photo: EPA-EFE

Top Chinese regulators to virtually take part in Hong Kong financial summit

The virtual presence of top regulators at the Global Financial Leaders’ Investment Summit echoes President Xi Jinping’s recent promise of ‘full support for Hong Kong to develop its economy’.

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China flags greater economic help as firms face ‘more difficulties’ than 2020

China’s Premier Li Keqiang Beijing has said companies are facing more difficulties than during the initial coronavirus outbreak in 2020 and pledged to unveil additional support policies this month.

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China sends ministers to oversee local governments as economic recovery slows

China sent high-ranking officials, including central bank governor Yi Gang and several cabinet ministers, across the country to supervise implementation of stimulus policies.

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Turmoil in the property market, a local banking crisis and drought are all weighing on the Chinese economy. Photo: Bloomberg

Explainer | Why is China’s inflation rate low compared to the US, Europe and Britain?

Global inflation is soaring, reaching a 40-year high in the US, thanks to sky-high food and energy prices that have been exacerbated by the war in Ukraine. Why is it a different story in China?

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China’s consumer price index grew 2.1 per cent in May from a year earlier, flat from April, though still at a six-month high. Photo: Xinhua

PBOC chief says China willing to cooperate on digital financial rule making

Technology firms offering financial services should be licensed and must adopt the ‘same business, same rules’ approach, according to the top banker at the People’s Bank of China.

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Ant Group’s IPO could be revived, hints China’s central bank governor

PBOC governor Yi Gang said there needs to be more international cooperation on regulating fintech, particularly regarding the ownership of consumer data.

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China looks to G20, IMF to boost policy coordination amid virus fallout

Deputy governor of China’s central bank says it is ‘too early’ to call it a global financial crisis.

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The People’s Bank of China is using “multilateral, regional and bilateral” channels to exchange views with other central banks. Photo: Bloomberg

China hints at possible inflation target leeway amid soaring pork prices

Central bank governor Yi Gang said in an article that inflation targets of ‘3 or 4 per cent’ were appropriate for developing countries, signalling China’s may be raised in 2020.

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China will not resort to quantitative easing: central bank chief

‘We should not let the money held by the Chinese people become worthless,’ People’s Bank of China governor Yi Gang says.

China unlikely to follow Fed rate cut, central bank governor suggests

The US Federal Reserve is expected to cut its interest next week, but People’s Bank of China chief Yi Gang says that Beijing does not always follow its American counterpart.

People's Bank of China governor Yi Gang. Photo: Bloomberg

US-China trade truce better than expected, says central bank governor

Yi Gang, governor of the People’s Bank of China, said at an event in Helsinki that the world’s two largest economies can solve their problems ‘one by one’.

Yi Gang, governor of the People's Bank of China. Photo: Bloomberg

Trump ‘perfectly happy’ to impose more tariffs if talks fail to progress

US Treasury Secretary Steven Mnuchin puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms.

China has made clear effort to keep yuan stable, says central bank

People’s Bank of China governor Yi Gang says Beijing will not devalue yuan to boost exports or ease trade tensions amid the US-China trade war.

Argentina seeks US$8.7 billion currency swap with China after IMF loan

Central bank governor Guido Sandleris says the two sides ‘have reached a consensus’ on the deal, days after the IMF approved a US$56 billion loans package to help the nation stabilise its battered economy.

China has been pursuing closer ties with countries across Latin America over the past decade, mostly through trade, investment and financial support. Photo: Alamy

So who’s really in charge at China’s central bank?

The bank will now have a double-headed leadership structure. Photo: Bloomberg

Update | Why Yi Gang was the obvious choice to head China’s central bank

Analysis | Who will take over the helm at America’s biggest creditor?

There’s a favourite, a possible and an outsider, but all have the same mission in mind: to finish ongoing reforms on interest and exchange rates, while maintaining China’s stability and adoption of a bigger global role.

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Yi Gang
The latest news, analysis and opinion on Yi Gang. In-depth analysis, industry insights and expert opinion.
Born
5 Mar 1958
Industry
Business
Job Title
Former Governor, People's Bank of China
last updated:
7 October, 2024
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