Dr. Xuan Changneng is Deputy Governor of the People's Bank of China (PBOC). He previously served as Deputy Administrator of China State Administration of Foreign Exchange from July 2018 to October 2022. Before that, he was Assistant Chairman at the China Securities Regulatory Commission (CSRC) from August 2016 to July 2018. From September 2008 to August 2016, Dr. Xuan served as Director-General of the Financial Research Institute and then of the Financial Stability Bureau of PBOC. Prior to joining PBOC, Dr. Xuan had worked in CSRC and China Construction Bank. Dr. Xuan received a Ph.D in Finance from the University of Texas at Austin, and an LL.M. from the University of Pennsylvania Law School. He has a bachelor' s degree from the University of Science and Technology of China (USTC).