Dr. Miao Yanliang joined CICC in March 2023 as Chief Strategist, Executive Head of Research Department, and Managing Director, and was promoted to Senior Managing Director in January 2026. Dr. Miao is among the most sought-after and influential analysts in China, known for his sharp intellect and insights in connecting markets, policy and economics. Before CICC, he served for 10 years at China State Administration of Foreign Exchange (SAFE), including as its Chief Economist since May 2018. He joined SAFE in 2013 as Senior Advisor to the Administrator and then Head of Research. He helped formulate global macro views and built a top-notch research platform for the world’s largest sovereign wealth manager. As Chief Economist, he also advises the senior management of PBC/SAFE on a range of economic and policy issues. Before SAFE, he was an economist with the IMF where he worked on emerging markets and then the euro area crisis including as policy coordinator for the Portugal program. Before the IMF, he was visiting the Bank of Israel in 2007 as special assistant to the Governor and taught economics at the Woodrow Wilson School of Princeton University.

Dr. Miao is an adjunct professor of Peking University’s National School of Development, a member of China Finance 40 Forum, a

trustee of Shanghai University and an external member of the Academic Committee of China Development Bank. He has authored two widely acclaimed central banking books in China and publishes extensively on global macro and occasionally as a columnist for Project Syndicate. He holds a Ph.D., an M.A., an M.P.A., all from Princeton University, and an M.A. in economics from Fudan University.