IMF proposes Chinese Vice Finance Minister Liao Min as deputy managing director from 1 Dec, succeeding Li Bo.
The IMF said on 28 October that Deputy Managing Director Li Bo will leave on 30 November at the end of his term, and that Managing Director Kristalina Georgieva has proposed Chinese Vice Minister of Finance Liao Min to succeed him from 1 December. According to the IMF, Liao has been vice finance minister since May 2018, was concurrently deputy head of the Central Financial and Economic Affairs Commission Office until 2023, and has sat on the PBOC Monetary Policy Committee since 2023; he earlier worked at the PBOC, China Everbright Group, Bank of China and the former banking regulator, including as head of its Shanghai bureau. Caixin noted that a Chinese national has held one of the IMF's four deputy managing director posts since 2011. The South China Morning Post said Liao played a deep role in rounds of US-China trade talks and that it is unclear whether he will leave his government post before taking up the role.
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