Established on December 20, 2009, International Monetary Institute (IMI) is a non-profit academic institution and think tank focusing on research on monetary finance theory, policy and strategy.Taking the discipline framework and thinking model of “the General Theory of Macro-Finance”, IMI follows the principle of connecting East and West, linking up academic studies, serving government and public, and seeking truth from facts. Aiming to build a world-class think tank focusing on the studies on international financial theory, strategy and policy in an international, professional and featured approach, IMI has been proved very fruitful in promoting academic exchanges, serving society, facilitating practices of financial reform at home and abroad and facilitating cultivation of financial talents “who are able to flexibly move between the East and West cultural platforms.”

The chairman of IMI Advisory Board is Mr. Pan Gongsheng, deputy-governor of PBoC and administrator of SAFE. The members of Advisory Board include: Mr. Chen Yunxian, party member of Guangdong Provincial People’s Government and former deputy governor of Guangdong Province; Mr. Li Jun, Former President,Bank of Communications, Former Chief Supervisor,Bank of China; Mr. Li Ruogu, former president of the China Export-Import Bank; Mr. Li Yang, Chairman of Council, National Finance and Development Lab, and former vice president of CASS; Mr. Ma Delun, chairman of Banking Accounting Society of China, former deputy governor of People’s Bank of China (PBoC); Mr. Su Ning, former deputy governor of PBoC; Mr. Wang Zhaoxing, vice chairman of China Banking Regulatory Commission (CBRC); Mr. Wang Zhongmin, former deputy chairman, National Council for Social Security Fund of China; Mr. Wu Qing, member of CPC leadership group, Shanghai Government; Mr. Xia Bin, honorary director, Research Institute of Finance, Development Research Center, councilor of the State Council; Mr. Xuan Changneng, Assistant Chairman, China Securities Regulatory Commission (CSRC).

The chairman of IMI Academic Committee is Prof. Edward C. Prescott, the 2004 Nobel Economics Laureate and professor of Arizona State University. The members of Academic Committee are 53 experts and scholars from research institutions, policy-making sectors, and financial institutions including: Ben Shenglin, Cao Tong, Chen Weidong, Chen Xinjian, Ding Jianping, Ding Zhijie, E Zhihuan, Fan Xiwen, Feng Bo, Guan Wei, Guan Qingyou, Guo Jianwei, Guo Qingwang, Hu Xuehao, Huang Jinlao, Ji Zhihong, Jiao Jinpu, Jin Yu, Li Wenhong, Liu Jun, Liu Qingsong, Lu Lei, Miao Yufeng, Qu Qiang, Shi Bin, Sun Lujun, Tan Songtao, Tu Yonghong, Wang Changyun, Wang Guangyu, Wang Guogang, Wang Yi, Wang Yongli, Wei Benhua, Wei Gejun, Xiang Songzuo, Xiao Geng, Yan Xiandong, Yang Tao, Yang Zaiping, Zhang Chengsi, Zhang Jie, Zhang Xiaopu, Zhang Zhixiang, Zhao Changwen, Zhao Haiying, Zhao Xijun, Zhou Ading, Zhou Daoxu, Zhou Guangwen, Zhou Yueqiu, Zhuang Enyue and Zhuang Yumin.

The chairman of IMI International Committee is Prof. Robert A. Mundell, the 1999 Nobel Economics Laureate and professor of Columbia University. The co-chairman of the Committee is Prof. Ben Shenglin, founding dean of Academy of Internet Finance at Zhejiang University. The members of the Committee are 28 experts and scholars from Europe, America, Asia and Africa including Edmond Alphandery, Yaseen Anwar, Lord Neil Davidson, Robert Elsen, Tomotuki Fukumoto, Fariborz Ghadar, Thorsten Giehler, Yuksel Gormez, Steve H. Hanke, Jaya Josie, Rainer Klump, Kees Koedijk, Wolfgang Koenig, Iikka Korhonen, Il Houng Lee, David Marsh, Juan Carlos Martinez Oliva, Jukka Pihlman, Herbert Poenisch, Alain Raes, Alfred Schipke, Anoop Singh, Wanda Sung-hwa Tseng, Wei Benhua, Nout Wellink, Joseph Chi-kwong Yam, Michael Zhang and Zhang Zhixiang.

The director of IMI is Prof. Zhang Jie, professor of the School of Finance at Renmin University of China, while Mr. Cao Tong, Chairman of Board of XfinTech, and Prof. Ben Shenglin, founding dean of Academy of Internet Finance at Zhejiang University take the co-director position and executive director position respectively. The deputy directors are Prof. Xiang Songzuo, former Chief Economist of Agricultural Bank of China, Prof. TuYonghong and Dr. Song Ke from Renmin University of China.

IMI is dedicated to the cutting-edge theoretical researches in international finance, macroeconomics, fintech, wealth management, financial regulation, financial internationalization, and cross-strait finance; and coordinately promotes fundamental theoretical and empirical study, as well as researches on strategies and application. IMI has established a young, professional and high-level research team including 24 senior research fellows, 52 research fellows and 11 associate research fellows. IMI has forged a large number of research outcomes with important academic and political influence, which has greatly contributed to the development of China’s financial theory and reform. The main academic products include three series of reports: RMB Internationalization Report, Reports on the Internationalization of Financial Institutions, China Wealth Management Report, Report of Tianfu Financial Index, Monthly Report on Macroeconomy; Fintech Open Classes; four periodicals: International Monetary Review (Quarterly), International Monetary Review (Monthly), IMI Research (Weekly) and IMI Research Information (Weekly); and IMI Macro-Finance Book Series. In order to faithfully record the progress of RMB internationalization and objectively reflect the challenges in the long run, IMI has released the RMB Internationalization Report since 2012. The Reports draw broad attention from all sectors of society due to the independence, objectivity and referential value for decision making. Currently, the Reports have been released in both China and abroad in English, Japanese, Korean, Russian, Arabic, Simplified and Traditional Chinese characters.

IMI has been dedicated to establish a platform for academic exchange and cooperation internationally, with long-term strategic partnerships established with organizations and academic institutions from Europe, America, Asia and Africa, including International Monetary Fund (IMF), Center for Strategic and International Studies (CSIS), School of Business Studies and Economics at University of Montevideo (FCEE), Official Monetary and Financial Institutions Forum (OMFIF), Sino-German Center of Finance and Economic (SGC), Centre for European Policy Studies (CEPS), International Finance Forum (IFF), Columbia University, Goethe University Frankfurt, University of Luxembourg, Tilburg University, Bank of Finland Institute for Economies in Transition (BOFIT), Korea Institute for International Economic Policy (KIEP), ASEAN+3 Macroeconomic Research Office (AMRO), CLS, Human Sciences Research Council (HSRC), JP Morgan Chase Bank, Fung Global Institute, and SinoPac Holdings; among which IMI has signed Memorandum of Understanding with KIEP, HSRC, FCEE and BOFIT. By far, IMI has hosted more than 50 major international and domestic academic conferences and over a hundred small and medium sized conferences. We have forged series of high-end forums and seminars brands with significant academic influence, including International Monetary Forum, Roundtable on Money and Finance, Macro-Finance Salon, Yanshan Forum, McKinnon Lectures and Tao Xiang International Finance Lectures. Macro-Finance Salon aims at promoting the study and practice of Macro-Finance, as well as its disciplinary program, while carrying out in-depth research on Macro-Finance theory, policy and strategy. The concept of “Macro-Finance” stems from Professor Huang Da’s fundamental idea of integrating macro and micro financial theory, which systematically regards finance and real economy as a whole. In his book of “General Theory of Macro-Finance”, Deputy Governor Chen Yulu of PBoC, also chairman of IMI Academic Committee, demonstrates the fundamental connotation and methodology of Macro-Finance, laying theoretical and empirical foundation for Macro-Finance framework, which facilitates long-term economic growth and stronger national competitiveness.

Initiated by IMI and Beijing Gintong Investment Company, Ltd., Gintong Global Financial Talents program aims at cultivating financial youth leaders based on interdisciplinary knowledge of economics and finance. The program features one-to-one mentorship, ten selected courses, recommended internship, summer and winter study tour, and sustainable development, aiming to incubate academic elites, harbor innovative future stars, and cultivate financial talents who are able to flexibly move between the East and West cultural platforms. The program intends to build a comprehensive, professional and sustainable training channel for financial talents, accommodating on- and off-campus activities, research and practice advices, general and personal cultivation plans and domestic and international communications.

IMI has done its utmost to provide constructive suggestions for the state and governments at all levels, contributing to the comprehensive and deepened reform of China’s financial system. IMI members have given policy consultation and lectures to provincial and ministerial organizations for over 20 times, and over 15 of its members have worked as chairperson or managing director in state academic institutions including China Finance Society, or as member of the Monetary Policy Committee of the Central Bank. IMI has initiated Cross Border Financial 50 Forum, China Asset Securitization 100 Forum, and Global FinTech Lab, aiming to offer theoretical and practical reference for decision making and related research, and provide intellectual and technological drivers for the innovation and upgrade of industries.


organization structure


  •  Cui Wenli

Vice President

  •  Chen Lizhong

  •  Li Zheping

  •  Peng Xiaoguang


  •  Ben Shenglin

  •  Cao Tong

  •  Song Ke

  •  Tu Yonghong

  •  Xiang Songzuo

  •  Zhang Jie


  • Robert A. Mundell


  •  Ben Shenglin


  • Edmond Alphandery

  • Yaseen Anwar

  • Lord Neil Davidson

  • Robert Elsen

  • Tomoyuki Fukumoto

  • Fariborz Ghadar

  • Thorsten Giehler

  • Yuksel Gormez

  • Steve H. Hanke

  • Il Houng Lee

  • Jaya Josie

  • Rainer Klump

  • Kees Koedijk

  • Wolfgang Koenig

  • Iikka Korhonen

  • David Marsh

  • Juan Carlos Martinez Oliva

  • Jukka Pihlman

  • Herbert Poenisch

  • Alain Raes

  • Alfred Schipke

  • Anoop Singh

  • Wanda Tseng

  •  Wei Benhua

  • Nout Wellink

  • Joseph Yam

  • Michael Zhang

  •  Zhang Zhixiang


  •  Pan Gongsheng

member of advisory board

  •  Chen Yunxian

  •  Li Jun

  •  Li Ruogu

  •  Li Yang

  •  Ma Delun

  •  Su Ning

  •  Wang Zhaoxing

  •  Wang Zhongmin

  •  Wu Qing

  •  Xia Bin

  •  Xuan Changneng


  • Edward C. Prescott

member of academic committee

  •  Ben Shenglin

  •  Cao Tong

  •  Chen Weidong

  •  Chen Xinjian

  •  Ding Jianping

  •  Ding Zhijie

  •  E Zhihuan

  •  Fan Xiwen

  •  Feng Bo

  •  Guan Qingyou

  •  Guan Wei

  •  Guo Jianwei

  •  Guo Qingwang

  •  Hu Xuehao

  •  Huang Jinlao

  •  Ji Zhihong

  •  Jiao Jinpu

  •  Jin Yu

  •  Li Wenhong

  •  Liu Jun

  •  Liu Qingsong

  •  Lu Lei

  •  Miao Yufeng

  •  Qu Qiang

  •  Shi Bin

  •  Sun Lujun

  •  Tan Songtao

  •  Tu Yonghong

  •  Wang Changyun

  •  Wang Guangyu

  •  Wang Guogang

  •  Wang Yi

  •  Wang Yongli

  •  Wei Benhua

  •  Wei Gejun

  •  Xiang Songzuo

  •  Xiao Geng

  •  Yan Xiandong

  •  Yang Tao

  •  Yang Zaiping

  •  Zhang Chengsi

  •  Zhang Jie

  •  Zhang Xiaopu

  •  Zhang Zhixiang

  •  Zhao Changwen

  •  Zhao Haiying

  •  Zhao Xijun

  •  Zhou Ading

  •  Zhou Daoxu

  •  Zhou Guangwen

  •  Zhou Yueqiu

  •  Zhuang Enyue

  •  Zhuang Yumin


  •  Cao Tong

  •  Ben Shenglin

  •  Zhang Jie

Deputy Director

  •  Song Ke

  •  Tu Yonghong

  •  Xiang Songzuo

Assistant director

  •  Qu Qiang

  •  Qu Shuangshi

Project Supervisor

  •  An Ran

  •  Cui Tiantian

  •  Dong Xijun

  •  Shang Qian

  •  Zhu Shuangshuang

Senior Research Fellow

  •  Chen Qiqing

  •  Hu Yifan

  •  Wu Zhifeng

  •  Zhang Bin

  • Michael Chang

  •  Di Dongsheng

  •  He Qing

  •  Ma Yong

  •  Qu Fengjie

  •  Su Zhi

  •  Wang Fang

  •  Wang Zuogang

  •  Xia Le

  •  Xu Yisheng

  •  Yu Pingkang

  •  Hong Hao

  •  Li Lin

  •  Pang Hong

  •  Qiao Hong

  •  Wang Wei

  •  Zhong Hong

  •  Zhou Yinggang

  •  Wu Ge

  •  Zhang Ming

research fellow

  •  Bian Weihong

  •  Chen Jing

  •  Cheng Gengli

  •  Dai Wensheng

  •  Dong Lei

  •  Gang Jianhua

  •  Hu Bo

  •  Hu Tianlong

  •  Li Honghan

  •  Li Jingye

  •  Li Shaojun

  •  Li Xin

  •  Lin Nan

  •  Liu Chenjie

  •  Liu Xiangbo

  •  Liu Yi

  •  Liu Zhuoshi

  •  Lu Jinuo

  •  Luo Yu

  •  Peng Yuchao

  •  Qian Zongxin

  •  Qiu Zhigang

  •  Qu Qiang

  •  Qu Shuangshi

  •  Song Ke

  •  Song Shanshan

  •  Wang Bin

  •  Wang Jian

  •  Wu Cong

  •  Xie Yaxuan

  •  Xiong Yuan

  •  Xiu Jing

  •  Xu Yuanrong

  •  Xu Zhaoying

  •  Yang Feng

  •  Yu Jiefang

  •  Yuan Jiang

  •  Zhang Chao

  •  Zhang Jiarui

  •  Zhang Jinfan

  •  Zhang Wenchun

  •  Zhang Yixiong

  •  Zhang Yu

  •  Zhao Ran

  •  Zhao Xuankai

  •  Zhao Xueqing

  •  Zhu Cheng

Associate Research Fellow

  •  Chen Jia

  •  Chen Zhouyang

  •  Huang Zeqing

  •  Jiang Bo

  •  Jiang Nan

  •  Jing Linde

  •  Li Xuanjing

  •  Li Zhen

  •  Liu Xiao

  •  Lu Gaofei

  •  Lu Zhe

  •  Qi Yanlong

  •  Sun Chao

  •  Ye Nan

  •  Zhu Yugeng

research assistant

  •  Cheng Xi

  •  Guo Changhao

  •  Li Xinyi

  •  Lin Heyi

  •  Qi Hanbo

  •  Wei Yi

  •  Wei Zong

  •  Yang Yaxin

  •  Ye Mengqian

  •  Zhang Chenxi