Li Yang is Chairman of National Institution for Finance and Development. He was Vice President of the Chinese Academy of Social Sciences (CASS). He was elected one of the first academic members of the CASS，and members of the NPC Financial and Economic Committee.

Li Yang specializes in the fields of monetary theory, banking and public finance. He served as member of Monetary Policy Committee in the People’s Bank of China from 2003 to 2004. He is currently Vice President of the China Society for Finance & Banking; Vice President of the China Public Finance Society; Vice President of the China International Finance Society; and member of the Academic Committee of Intercross-Science Research Centre for Natural Science and Social Science at the Chinese Academy of Sciences; Chairman of the Academic Board of China Management Academy; Chairman of the Committee of experts on Index of National Equities Exchange and Quotations. He is an advisor for a number of provincial and municipal governments. He was named the Academician of InternationaI Academy of Sciences for Europe and Asia(IASEA) in 2011.