INVESTOR RELATIONS
From its earliest days, China Renaissance has nurtured an internal commitment to corporate ethics, placed a high value on integrity and promoted a sense of social responsibility. We believe that these attributes of our culture have been cornerstones of our success. Consistent with this culture, we aim to achieve high standards of corporate governance which are crucial to our development and ability to create long-term shareholder value and safeguard the interests of minority investors.
We have established our audit committee, remuneration committee and nomination committee with written terms of reference in compliance with the Listing Rules and the Code on Corporate Governance and Corporate Government Report in Appendix 14 of the Listing Rules.
- Senior Management
- Board of Directors
- Executive Committee
- Audit Committee
- Remuneration Committee
- Nomination Committee
| Board of Directors | Executive Committee | Audit Committee | Remuneration Committee | Nomination Committee | |
|---|---|---|---|---|---|
| BAO Fan | • | Chairman | • | Chairman | |
| XIE Yi Jing, Kevin | • | • | |||
| DU Yongbo, Michael | • | • | |||
| SHEN Nan Peng | • | ||||
| LI Shujun | • | ||||
| LI Xun, Eric | • | ||||
| YAO Jue* | • | Chairman | • | ||
| YE Junying* | • | • | Chairman | ||
| ZHAO Yue* | • | • | • | • | |
| WANG Xinwei | • | ||||
| CUI Qiang | • | ||||
| ZOU Juan, Jane | • | ||||
| WANG Lixing | • | ||||
| LAM Ka Cheong, Jason | • | ||||
| XIANG Wei | • |
*Independent Non-executive Director
BAO Fan
Chairman, Executive Director & CEO
Bao Fan is the Founder, Chairman and CEO of China Renaissance Group and Executive Director of China Renaissance, China’s leading financial institution serving the new economy.
Mr. Bao began his investment banking career at the dawn of the internet era in the late 1990s, having worked at Morgan Stanley and Credit Suisse for years. Inspired by his clients’ entrepreneurial zeal, he joined AsiaInfo Holdings, Inc., a Chinese IT and software services provider, as chief strategy officer in 2000. He then founded China Renaissance in 2005 to connect China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors on a global scale. In 2015, Mr. Bao was recognized as one of the world’s “50 Most Influential” by Bloomberg Markets.
Mr. Bao holds a master’s degree in business and economics from the BI Norwegian School of Management.
XIE Yi Jing, Kevin
Executive Director, Managing Director & Head of Healthcare
Xie Yi Jing co-founded China Renaissance Group. He is a Managing Director at China Renaissance, and head of the healthcare advisory team overseeing the financial advisory business for the healthcare sector of the Group. Since joining China Renaissance, Mr. Xie has held various management positions, including managing director of the financial sponsor team. Mr. Xie previously worked at Credit Suisse and served as vice president within its investment banking division.
Mr. Xie holds a bachelor’s degree in economics from the University of Sydney.
DU Yongbo, Michael
Executive Director, Managing Director of Huaxing Growth Capital Fund
Du Yongbo is Managing Director of Huaxing Growth Capital Fund at China Renaissance, taking charge of the new economy investment business of the Group. Since joining China Renaissance, Mr. Du has held several management positions, including principal of the TME group and managing director of the corporate finance group.
Prior to joining China Renaissance, Mr. Du served at Lenovo Group for approximately eight years, assuming a number of senior positions in different companies within the group, including investment director, general manager, as well as vice general manager of corporate planning.
Mr. Du holds dual bachelor’s degrees in engineering (thermal and nuclear energy, and mechanical engineering) from Tsinghua University and a master of business administration degree in finance from the Chinese University of Hong Kong.
WANG Xinwei
Co-CFO
Wang Xinwei is Co-CFO and shares responsibility for overseeing the overall financial management of the Group. Prior to joining China Renaissance, Mr. Wang served as financial controller of Vimicro Corporation. Before that, he held various senior positions including chief financial officer and financial controller with the subsidiaries of AsiaInfo Holdings, Inc.
Mr. Wang holds a bachelor of engineering degree from University of Science and Technology of China and a master of economics degree from Peking University. He is a non-practicing member of the Chinese Institute of Certified Public Accountants.
CUI Qiang
Co-CFO
Cui Qiang is Co-CFO and shares responsibility for overseeing the overall financial management of the Group. Mr. Cui is a senior finance executive with deep expertise in corporate finance, tax, financial planning and analysis, financial reporting and risk management. He also has extensive capital markets experience. Since 2016, he has served as Chief Financial Officer of Huajing Securities, China Renaissance’s A-share market investment banking business.
Earlier in his career, he held a number of roles of increasing importance with Zhong De Securities, Deutsche Bank, PricewaterhouseCoopers Consulting, Thakral Information Technology and Reanda Certified Public Accountants.
Mr. Cui received his Bachelor’s degree in International Business Management from the University of International Business and Economics and a Master’s degree in Management and Accounting from the University of Toronto. He is also a non-practicing member of the Chinese Institute of Certified Public Accountants.
ZOU Juan, Jane
Chief Human Resources Officer
Zou Juan serves as Chief Human Resources Officer, responsible for overseeing the corporate culture and human resources strategic management of the Group.
Ms. Zou has nearly 20 years of experience in organizational, talent and human resources development. Prior to joining China Renaissance, Ms. Zou held various senior human resources positions at SinoMedia Group, Avenue Asia Services LLC and General Electric (China). She also worked with Ericsson Technology’s offices in Chongqing and Guangdong.
Ms. Zou holds a bachelor’s degree in English from Sichuan International Studies University and a master’s degree in human resources management from the University of Manchester.
WANG Lixing
Managing Director of Advisory
Wang Lixing is Managing Director of Advisory at China Renaissance, responsible for the financial advisory business of the Group. Mr. Wang started his investment banking career with China Renaissance in 2007 and since then has held various positions within the Group including vice president of the TME Group and managing director of the corporate finance group.
Mr. Wang holds a bachelor’s degree in automotive engineering and a master’s degree in information and communication engineering from Tsinghua University.
LAM Ka Cheong, Jason
President of CR International
Lam Ka Cheong is President of China Renaissance International, responsible for all business units and operational functions of the Group in Hong Kong and the US.
Mr. Lam has 20 years of investment banking, corporate finance and capital markets experience in Greater China and Asia, with a focus in the technology sector. Prior to joining China Renaissance, Mr. Lam served as a managing director and co-head of Asia technology coverage at Credit Suisse. Before that, he held various investment banking positions at UBS, ABN AMRO Bank N.V. and Credit Suisse.
Mr. Lam holds a bachelor of science degree from Cornell University and a master’s degree in engineering economics system and operation research from Stanford University.
XIANG Wei
COO
Xiang Wei is COO of China Renaissance Group, responsible for the overall strategic planning, operational management and organizational construction, assisting the CEO to manage general operational and business development affairs.
Mr. Xiang has held various positions within the Group, including Head of Strategic Development, Secretary to the Board of Huajing Securities and Director of Huaxing Growth Capital.
Before joining China Renaissance, Mr. Xiang was the senior consultant at Shanghai International Energy Exchange. Prior to that, he served as Lawyer in the Cleary Gottlieb Steen & Hamilton LLP, International Lawyer at Shearman & Sterling LLP. and Lawyer of Haiwen & Partners.
Mr. Xiang holds a Bachelor’s degree in British & American literature from Wuhan University of Technology, a Bachelor’s degree in law from Wuhan University, a Master’s degree in law from Tsinghua University and a Master’s degree in law from Columbia University.
BAO Fan (chairman)
Chairman, Executive Director & CEO
Bao Fan is the Founder, Chairman and CEO of China Renaissance Group and Executive Director of China Renaissance, China’s leading financial institution serving the new economy.
Mr. Bao began his investment banking career at the dawn of the internet era in the late 1990s, having worked at Morgan Stanley and Credit Suisse for years. Inspired by his clients’ entrepreneurial zeal, he joined AsiaInfo Holdings, Inc., a Chinese IT and software services provider, as chief strategy officer in 2000. He then founded China Renaissance in 2005 to connect China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors on a global scale. In 2015, Mr. Bao was recognized as one of the world’s “50 Most Influential” by Bloomberg Markets.
Mr. Bao holds a master’s degree in business and economics from the BI Norwegian School of Management.
XIE Yi Jing, Kevin
Executive Director, Managing Director & Head of Healthcare
Xie Yi Jing co-founded China Renaissance Group. He is a Managing Director at China Renaissance, and head of the healthcare advisory team overseeing the financial advisory business for the healthcare sector of the Group. Since joining China Renaissance, Mr. Xie has held various management positions, including managing director of the financial sponsor team. Mr. Xie previously worked at Credit Suisse and served as vice president within its investment banking division.
Mr. Xie holds a bachelor’s degree in economics from the University of Sydney.
DU Yongbo, Michael
Executive Director, Managing Director of Huaxing Growth Capital Fund
Du Yongbo is Managing Director of Huaxing Growth Capital Fund at China Renaissance, taking charge of the new economy investment business of the Group. Since joining China Renaissance, Mr. Du has held several management positions, including principal of the TME group and managing director of the corporate finance group.
Prior to joining China Renaissance, Mr. Du served at Lenovo Group for approximately eight years, assuming a number of senior positions in different companies within the group, including investment director, general manager, as well as vice general manager of corporate planning.
Mr. Du holds dual bachelor’s degrees in engineering (thermal and nuclear energy, and mechanical engineering) from Tsinghua University and a master of business administration degree in finance from the Chinese University of Hong Kong.
SHEN Nan Peng
Non-executive Director
Shen Nan Peng is a Non-executive Director. He is the founding and managing partner of Sequoia Capital China. He is also a co-founder of Ctrip.com (NASDAQ: CTRP), a leading travel service provider in China, and Homeinns Hotel Group (NASDAQ: HMIN), a leading economy hotel chain in China. At Ctrip.com, Mr. Shen held various positions, including president and chief financial officer. He currently serves as a director on Ctrip.com’s board. Mr. Shen served as a director on the board of Homeinns Hotel Group from 2006 to 2017.
Mr. Shen holds a bachelor’s degree in applied mathematics from Shanghai Jiao Tong University and a master’s degree from Yale University.
LI Shujun
Non-executive Director
Li Shujun is a Non-executive Director. He is the founding and managing partner of Trustbridge Partners, a private equity firm focused on investing in growth companies in the TMT, consumer and healthcare sectors. Prior to founding Trustbridge Partners, Mr. Li served as chief financial officer and vice president of Shanda Interactive Entertainment Ltd.
Mr. Li holds a master’s degree in political science and economics from Nankai University.
LI Xun, Eric
Non-executive Director
Li Xun is a Non-executive Director. Mr. Li is the founder and managing partner of Chengwei Capital, a venture capital firm that focuses on investments in a variety of sectors including TMT, software, education, consumer, manufacturing, healthcare and media. He currently serves as a director at Shenzhen HSB Tech Co., Ltd. and Shanghai Jingcan Information Technology Co., Ltd.
Mr. Li holds a bachelor of arts degree from the University of California at Berkeley, a master of business administration degree from Stanford University and a doctor’s degree in international relations from Fudan University.
YAO Jue
Independent Non-executive Director
Yao Jue is an Independent Non-executive Director and serves as chairman of the Audit Committee and a member of the Nomination Committee. Ms. Yao has over 20 years of experience in accounting and corporate finance. She most recently served as chief financial officer of 360 Security Technology Inc., having previously held various positions in the company including financial director, vice president of finance and co-chief financial officer. She has been a qualified accountant affiliated with the Chinese Institute of Certified Public Accountants since 2000.
Ms. Yao holds a bachelor’s degree in accounting from the University of International Business and Economics in China.
YE Junying
Independent Non-executive Director
Ye Junying is an Independent Non-executive Director and serves as chairman of the Remuneration Committee and a member of the Audit Committee. Mr. Ye has served as chairman of the board at Gortune Investment Co., Ltd. since 2016. Previously, he was president and then chairman of the board at E Fund Management Co., Ltd., a position he held from November 2000 to April 2016, and general manager of the investment banking department and then vice president at GF Securities Co., Ltd. from March 1993 to October 2000.
Mr. Ye received his bachelor of law degree in economics law from Peking University in July 1985, his master of law degree in international economics law from Wuhan University in July 1988, and his doctor of economics degree in national economics from Southwestern University of Finance and Economics in June 2005.
ZHAO Yue
Independent Non-executive Director
Zhao Yue is an Independent Non-executive Director and serves as a member of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Zhao currently serves as chief economist of Chief Group. Previously, he was a senior manager with China Investment Corporation.
Mr. Zhao holds a bachelor of science degree in physics from Peking University and a doctor’s degree in finance from the Financial Research Institute of People’s Bank of China.
We have established an Executive Committee with written terms of reference as the highest management body of the Group. The primary duties of the Executive Committee are (i) to consider the Company’s overall objectives, corporate strategies and key results, (ii) to make strategic and executive decisions for the Group including but not limited to business plans, corporate development policies and performance targets, and (iii) to authorize a person or persons to implement specific parts of operational management. The Executive Committee also considers issues in relation to risks and controls arising from the regular business operations of the Group.
BAO Fan (chairman)
Chairman, Executive Director & CEO
Bao Fan is the Founder, Chairman and CEO of China Renaissance Group and Executive Director of China Renaissance, China’s leading financial institution serving the new economy.
Mr. Bao began his investment banking career at the dawn of the internet era in the late 1990s, having worked at Morgan Stanley and Credit Suisse for years. Inspired by his clients’ entrepreneurial zeal, he joined AsiaInfo Holdings, Inc., a Chinese IT and software services provider, as chief strategy officer in 2000. He then founded China Renaissance in 2005 to connect China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors on a global scale. In 2015, Mr. Bao was recognized as one of the world’s “50 Most Influential” by Bloomberg Markets.
Mr. Bao holds a master’s degree in business and economics from the BI Norwegian School of Management.
XIE Yi Jing, Kevin
Executive Director, Managing Director & Head of Healthcare
Xie Yi Jing co-founded China Renaissance Group. He is a Managing Director at China Renaissance, and head of the healthcare advisory team overseeing the financial advisory business for the healthcare sector of the Group. Since joining China Renaissance, Mr. Xie has held various management positions, including managing director of the financial sponsor team. Mr. Xie previously worked at Credit Suisse and served as vice president within its investment banking division.
Mr. Xie holds a bachelor’s degree in economics from the University of Sydney.
DU Yongbo, Michael
Executive Director, Managing Director of Huaxing Growth Capital Fund
Du Yongbo is Managing Director of Huaxing Growth Capital Fund at China Renaissance, taking charge of the new economy investment business of the Group. Since joining China Renaissance, Mr. Du has held several management positions, including principal of the TME group and managing director of the corporate finance group.
Prior to joining China Renaissance, Mr. Du served at Lenovo Group for approximately eight years, assuming a number of senior positions in different companies within the group, including investment director, general manager, as well as vice general manager of corporate planning.
Mr. Du holds dual bachelor’s degrees in engineering (thermal and nuclear energy, and mechanical engineering) from Tsinghua University and a master of business administration degree in finance from the Chinese University of Hong Kong.
WANG Xinwei
Co-CFO
Wang Xinwei is Co-CFO and shares responsibility for overseeing the overall financial management of the Group. Prior to joining China Renaissance, Mr. Wang served as financial controller of Vimicro Corporation. Before that, he held various senior positions including chief financial officer and financial controller with the subsidiaries of AsiaInfo Holdings, Inc.
Mr. Wang holds a bachelor of engineering degree from University of Science and Technology of China and a master of economics degree from Peking University. He is a non-practicing member of the Chinese Institute of Certified Public Accountants.
CUI Qiang
Co-CFO
Cui Qiang is Co-CFO and shares responsibility for overseeing the overall financial management of the Group. Mr. Cui is a senior finance executive with deep expertise in corporate finance, tax, financial planning and analysis, financial reporting and risk management. He also has extensive capital markets experience. Since 2016, he has served as Chief Financial Officer of Huajing Securities, China Renaissance’s A-share market investment banking business.
Earlier in his career, he held a number of roles of increasing importance with Zhong De Securities, Deutsche Bank, PricewaterhouseCoopers Consulting, Thakral Information Technology and Reanda Certified Public Accountants.
Mr. Cui received his Bachelor’s degree in International Business Management from the University of International Business and Economics and a Master’s degree in Management and Accounting from the University of Toronto. He is also a non-practicing member of the Chinese Institute of Certified Public Accountants.
ZOU Juan, Jane
Chief Human Resources Officer
Zou Juan serves as Chief Human Resources Officer, responsible for overseeing the corporate culture and human resources strategic management of the Group.
Ms. Zou has nearly 20 years of experience in organizational, talent and human resources development. Prior to joining China Renaissance, Ms. Zou held various senior human resources positions at SinoMedia Group, Avenue Asia Services LLC and General Electric (China). She also worked with Ericsson Technology’s offices in Chongqing and Guangdong.
Ms. Zou holds a bachelor’s degree in English from Sichuan International Studies University and a master’s degree in human resources management from the University of Manchester.
WANG Lixing
Managing Director of Advisory
Wang Lixing is Managing Director of Advisory at China Renaissance, responsible for the financial advisory business of the Group. Mr. Wang started his investment banking career with China Renaissance in 2007 and since then has held various positions within the Group including vice president of the TME Group and managing director of the corporate finance group.
Mr. Wang holds a bachelor’s degree in automotive engineering and a master’s degree in information and communication engineering from Tsinghua University.
LAM Ka Cheong, Jason
President of CR International
Lam Ka Cheong is President of China Renaissance International, responsible for all business units and operational functions of the Group in Hong Kong and the US.
Mr. Lam has 20 years of investment banking, corporate finance and capital markets experience in Greater China and Asia, with a focus in the technology sector. Prior to joining China Renaissance, Mr. Lam served as a managing director and co-head of Asia technology coverage at Credit Suisse. Before that, he held various investment banking positions at UBS, ABN AMRO Bank N.V. and Credit Suisse.
Mr. Lam holds a bachelor of science degree from Cornell University and a master’s degree in engineering economics system and operation research from Stanford University.
XIANG Wei
COO
Xiang Wei is COO of China Renaissance Group, responsible for the overall strategic planning, operational management and organizational construction, assisting the CEO to manage general operational and business development affairs.
Mr. Xiang has held various positions within the Group, including Head of Strategic Development, Secretary to the Board of Huajing Securities and Director of Huaxing Growth Capital.
Before joining China Renaissance, Mr. Xiang was the senior consultant at Shanghai International Energy Exchange. Prior to that, he served as Lawyer in the Cleary Gottlieb Steen & Hamilton LLP, International Lawyer at Shearman & Sterling LLP. and Lawyer of Haiwen & Partners.
Mr. Xiang holds a Bachelor’s degree in British & American literature from Wuhan University of Technology, a Bachelor’s degree in law from Wuhan University, a Master’s degree in law from Tsinghua University and a Master’s degree in law from Columbia University.
The primary duties of the Audit Committee are to review and supervise the financial reporting process and internal controls system (including risk management) of the Group, review and approve connected transactions and provide advice and comments to the Board. All of the members of our audit committee, including the chairman, are independent non-executive Directors.
YAO Jue (chairman)
Independent Non-executive Director
Yao Jue is an Independent Non-executive Director and serves as chairman of the Audit Committee and a member of the Nomination Committee. Ms. Yao has over 20 years of experience in accounting and corporate finance. She most recently served as chief financial officer of 360 Security Technology Inc., having previously held various positions in the company including financial director, vice president of finance and co-chief financial officer. She has been a qualified accountant affiliated with the Chinese Institute of Certified Public Accountants since 2000.
Ms. Yao holds a bachelor’s degree in accounting from the University of International Business and Economics in China.
YE Junying
Independent Non-executive Director
Ye Junying is an Independent Non-executive Director and serves as chairman of the Remuneration Committee and a member of the Audit Committee. Mr. Ye has served as chairman of the board at Gortune Investment Co., Ltd. since 2016. Previously, he was president and then chairman of the board at E Fund Management Co., Ltd., a position he held from November 2000 to April 2016, and general manager of the investment banking department and then vice president at GF Securities Co., Ltd. from March 1993 to October 2000.
Mr. Ye received his bachelor of law degree in economics law from Peking University in July 1985, his master of law degree in international economics law from Wuhan University in July 1988, and his doctor of economics degree in national economics from Southwestern University of Finance and Economics in June 2005.
ZHAO Yue
Independent Non-executive Director
Zhao Yue is an Independent Non-executive Director and serves as a member of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Zhao currently serves as chief economist of Chief Group. Previously, he was a senior manager with China Investment Corporation.
Mr. Zhao holds a bachelor of science degree in physics from Peking University and a doctor’s degree in finance from the Financial Research Institute of People’s Bank of China.
The primary duties of the Remuneration Committee are to review and make recommendations to the Board the terms of remuneration packages, bonuses and other compensation payable to our Directors and other senior management.
YE Junying (chairman)
Independent Non-executive Director
Ye Junying is an Independent Non-executive Director and serves as chairman of the Remuneration Committee and a member of the Audit Committee. Mr. Ye has served as chairman of the board at Gortune Investment Co., Ltd. since 2016. Previously, he was president and then chairman of the board at E Fund Management Co., Ltd., a position he held from November 2000 to April 2016, and general manager of the investment banking department and then vice president at GF Securities Co., Ltd. from March 1993 to October 2000.
Mr. Ye received his bachelor of law degree in economics law from Peking University in July 1985, his master of law degree in international economics law from Wuhan University in July 1988, and his doctor of economics degree in national economics from Southwestern University of Finance and Economics in June 2005.
BAO Fan
Chairman, Executive Director & CEO
Bao Fan is the Founder, Chairman and CEO of China Renaissance Group and Executive Director of China Renaissance, China’s leading financial institution serving the new economy.
Mr. Bao began his investment banking career at the dawn of the internet era in the late 1990s, having worked at Morgan Stanley and Credit Suisse for years. Inspired by his clients’ entrepreneurial zeal, he joined AsiaInfo Holdings, Inc., a Chinese IT and software services provider, as chief strategy officer in 2000. He then founded China Renaissance in 2005 to connect China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors on a global scale. In 2015, Mr. Bao was recognized as one of the world’s “50 Most Influential” by Bloomberg Markets.
Mr. Bao holds a master’s degree in business and economics from the BI Norwegian School of Management.
ZHAO Yue
Independent Non-executive Director
Zhao Yue is an Independent Non-executive Director and serves as a member of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Zhao currently serves as chief economist of Chief Group. Previously, he was a senior manager with China Investment Corporation.
Mr. Zhao holds a bachelor of science degree in physics from Peking University and a doctor’s degree in finance from the Financial Research Institute of People’s Bank of China.
The primary duties of the Nomination Committee are to make recommendations to our Board on the appointment of Directors and management of Board succession.
BAO Fan (chairman)
Chairman, Executive Director & CEO
Bao Fan is the Founder, Chairman and CEO of China Renaissance Group and Executive Director of China Renaissance, China’s leading financial institution serving the new economy.
Mr. Bao began his investment banking career at the dawn of the internet era in the late 1990s, having worked at Morgan Stanley and Credit Suisse for years. Inspired by his clients’ entrepreneurial zeal, he joined AsiaInfo Holdings, Inc., a Chinese IT and software services provider, as chief strategy officer in 2000. He then founded China Renaissance in 2005 to connect China’s capital markets with the rest of the world, serving new economy entrepreneurs and investors on a global scale. In 2015, Mr. Bao was recognized as one of the world’s “50 Most Influential” by Bloomberg Markets.
Mr. Bao holds a master’s degree in business and economics from the BI Norwegian School of Management.
YAO Jue
Independent Non-executive Director
Yao Jue is an Independent Non-executive Director and serves as chairman of the Audit Committee and a member of the Nomination Committee. Ms. Yao has over 20 years of experience in accounting and corporate finance. She most recently served as chief financial officer of 360 Security Technology Inc., having previously held various positions in the company including financial director, vice president of finance and co-chief financial officer. She has been a qualified accountant affiliated with the Chinese Institute of Certified Public Accountants since 2000.
Ms. Yao holds a bachelor’s degree in accounting from the University of International Business and Economics in China.
ZHAO Yue
Independent Non-executive Director
Zhao Yue is an Independent Non-executive Director and serves as a member of the Audit Committee, Remuneration Committee and Nomination Committee. Mr. Zhao currently serves as chief economist of Chief Group. Previously, he was a senior manager with China Investment Corporation.
Mr. Zhao holds a bachelor of science degree in physics from Peking University and a doctor’s degree in finance from the Financial Research Institute of People’s Bank of China.