Counselor to the People’s Bank of China Executive Deputy Director of CLIIF, CEIBS

Prof. Sheng Songcheng is right now the Counselor to People’s Bank of China, and has served a wide range of positions within the central bank, for instance, Director General of the Financial Survey and Statistics Department at the People’s Bank of China (PBoC), President of People’s Bank of China in Shenyang branch, etc. He has been granted Special Government Allowances of the State Council since 1999. He is also adjunct Professor of Economics and Finance at CEIBS, Executive Deputy Director of CEIBS Lujiazui Institute of International Finance (CLIIF). Prof. Sheng’s research interests mainly include Monetary Economics, Monetary Theory and Policy, and Macroeconomic Analysis. He made outstanding contribution in the research of aggregate financing to the real economy, capital account opening-up, interest rate liberalization, as well as financial transformation and development. Dr. Sheng is the author of several hot-sale books and he has published nearly one hundred of papers in the leading field journals including Social Sciences in China, Economic Research Journal, Journal of Financial Research and China Finance. His views aroused hot discussion and positive feedback both home and abroad that interest rate liberalization, exchange rate regime reform and capital account opening-up should be implemented coordinately. In addition, the Aggregate Finance to the Real Economy (AFRE) has become one of the key indicators of the financial macro-regulation of China.