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Monday 24 November 2014

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 Jin Liqun


 

Jin Liqun, IFRS Foundation TrusteeMr. Jin Liqun was appointed by the Chinese government in February 2014 as Head of the Working Group for Establishing Asian Infrastructure Investment Bank (AIIB), Ministry of Finance. On 24 October 2014, Finance Ministers and duly authorized representatives who signed the Memorandum of Understanding on Establishing AIIB for their respective governments elected Mr. Jin Secretary-General, Multilateral Interim Secretariat for Establishing AIIB.

Mr. Jin is a member of Foreign Policy Advisory Committee of Chinese Foreign Ministry. Currently he also serves as Honorary Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), after serving as Deputy Chairman (2009-2010) and Chairman (2011-2012) of IFSWF.

Until October 21, 2014, Mr. Jin was Chairman of China International Capital Corporation Limited. Prior to that he was Chairman of Supervisory Board, China Investment Corporation & Central Huijin Investment Corporation from 2008-2013. From August 2003 to July 2008, Mr. Jin was Vice President and then Ranking Vice President of Asian Development Bank (ADB) in charge of operations for South Asia, Central and West Asia, and the private sector operations. He was also involved in the formulation of ADB’s medium- and long-term strategy and many policies governing its operations for economic and social development, particularly poverty reduction and environmental protection.

Mr. Jin joined China’s Ministry of Finance in 1980. He was promoted to be Deputy Director in 1985, and Deputy Director General in 1988 of External Finance Department. In 1988, he was elected as Alternative Executive Director for China at the World Bank. He became Director General, Department of the Ministry of Finance in 1995. The same year, he was promoted to be Assistant Minister of Finance and in 1998 became Vice Minister of Finance.

As Vice Minister of Finance, Mr. Jin was in charge of budget allocations for governmental organizations, and for education, science and culture sectors. He was also responsible for supervising the financial sector and raising funds from domestic and international capital markets. In that capacity, he served as Alternate Governor for the PRC at ADB, the World Bank Group and the Global Environment Facility from 1998 through 2003.

He has been active in international economic affairs for almost two decades, particularly since the Asian financial crisis in 1997. He has worked on a number of bilateral and multilateral economic and financial forums, such as the China-US Joint Economic Committee, China-UK Economic and Finance Dialogue, APEC Finance Ministers' Meeting, ASEAN Plus Three and G-20. In addition, Mr. Jin was a member of the State Monetary Policy Committee the PRC during his term of service as Vice Minister of Finance. In September 2012, Mr. Jin was awarded the Distinguished International Civil Service by the U.S.-Asia Institute.

Mr. Jin holds an M. A. degree in English Literature from Beijing Institute of Foreign Languages (now Beijing Foreign Studies University). He was also a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988.

Mr. Jin writes extensively in Chinese and English. Among his publications are The New International Economic System and China, (2000); Economic Development: Theories & Practice (2002), co-authored with Lord Nic Stern; and The House of Morgan (Chinese translation, 1996).

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