Chinese vice-minister Min Liao to become IMF deputy managing director
China’s current Vice Minister of Finance Min Liao is set to become a deputy managing director of the International Monetary Fund (IMF). The tenure of incumbent Deputy Managing Director Bo Li will end on November 30. Mr. Liao will take up the post on December 1.
The IMF headquarters in Washington, DC, announced the appointment in a press release on Thursday. IMF Managing Director Kristalina Georgieva said Mr. Liao had been proposed for the post, effective December 1, 2026.
According to the IMF, Mr. Liao has served as China’s vice finance minister since May 2018. Until 2023, he also served as a deputy minister at the Office of the Central Financial and Economic Affairs Commission. He has extensive experience in coordinating fiscal and monetary policies. Since 2023, he has been a member of China’s Monetary Policy Committee.
Earlier, he served as director general of the International Economic Affairs Bureau of the Central Leading Group for Financial and Economic Affairs.
Mr. Liao began his career at the People’s Bank of China, China Everbright Group and the Bank of China. He later held several key positions at the China Banking Regulatory Commission, including director general of its General Office. He subsequently served as director general of the Shanghai Banking Regulatory Bureau.
He has also conducted research on finance, banking supervision, macroeconomic policy and international financial governance, alongside his work in policymaking and regulation.
Mr. Liao holds a master’s degree in economics from Peking University and an MBA from the University of Cambridge.
