Aug 04, 2023 09:15 PM
FINANCE
In Depth: Yi Gang’s Legacy After Five Years Running China’s Central Bank
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On Sept. 4, 2018, in Beijing, then-president of the People's Bank of China Yi Gang participated in a financing seminar for small and mid-sized enterprises organized by the All China Federation of Industry and Commerce. Photo: VCG
When Yi Gang took the helm at the People’s Bank of China (PBOC) in March 2018, he said there were three major tasks to do in finance — implement prudent and neutral monetary policy, advance reform and opening-up of the financial industry, and prevent and resolve major risks to maintain stability in the financial sector.
At that time, the world wasn’t expecting a global pandemic, a war in Europe, escalating tensions between China and the West, not to mention the resulting fallout.
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