Guangdong's new deputy governor received the highest award in the Chineseeconomic circle.
According to the Nanfang Daily, the morning of January 9th, the StandingCommittee of the 13th People's Congress of Guangdong Province voted andapproved the appointment of Zhang Xin as the Deputy Governor of the People'sGovernment of Guangdong Province.
The Governor of Chang'an Street noticed that Zhang Xin was the deputy directorof the State Administration of Foreign Exchange. At the beginning of the21st century, he was one of the "returnees" specially appointed byZhou Xiaochuan to the China Securities Regulatory Commission. He alsoreceived the Sun Prize, the highest award in Chinese economics.
It is understood that Zhang Xin was born in 1967, a native of Hunan Province,and a PhD in finance and economics. He previously worked in finance.
Zhang Xin graduated from the Graduate Department of the People's Bank of Chinain 1992 and received a PhD in financial economics from Columbia Business Schoolin 1996. He later served as a senior investment analyst at Merrill Lynch.
When the Asian financial crisis broke out in 1997, Zhang Xin was invited tojoin the World Bank's "Asian Financial Crisis Management Task Force"as a senior financier responsible for handling the financial crisis in relatedcountries.
After returning to China in 2001, Zhang Xin joined the China SecuritiesRegulatory Commission as the deputy director of the supervision department oflisted companies. He was responsible for mergers and acquisitions oflisted companies and was one of the "returnees" hired by ZhouXiaochuan, then chairman of the China Securities Regulatory Commission.
In May 2004, Zhang Xin was re-designated as Deputy Governor of the Central Bankand Director of the Financial Stability Bureau. In 2009, he served asdeputy director and deputy secretary of the party committee of the Shanghaiheadquarters of the People's Bank of China.
In June 2017, Zhang was appointed Deputy Director of the State Administrationof Foreign Exchange.
Managers of Chang'an Street noticed that in 2004, Zhang Xin won the highestprize in Chinese economics, the Sun Prize, for his dissertation "Growth ofthe Chinese Economy-The Credibility of GDP Data and the Microfoundation ofGrowth".
Recently, blockchain has become a hot topic again. In November last year,Zhang Xin accepted an interview with the media and introduced the cross-borderfinancial blockchain service platform launched by the State Administration ofForeign Exchange.
Zhang Xin said that since the operation of the cross-border blockchainplatform, it has achieved remarkable results and has been welcomed by banks andenterprises. At present, more than 160 corporate banks have voluntarilyand independently joined the cross-border blockchain platform, accounting forabout one-third of all foreign exchange banks.
As of November 20, the platform has completed a total of 8.214 billion USdollars (including 6.275 billion yuan) in receivables financing loans, serving1,590 enterprises, of which about 70% are small and medium-sized foreign tradeenterprises.
(Original title: Guangdong's new deputy governor