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Dr. Chao Chen, Head of Research Department of CIC. He graduated at Tsinghua University with Ph.D. in economics and MFE at University of Oxford. He started his career from the People’s Bank of China, and then involved the establishment of Central Huijin Corporation, which is the largest shareholder of major Chinese strategic financial institutions. He joined CIC since its inception. He joined ICBC Credit Suisse Asset Management Corporation as Chief Economist and CIO in 2009. By the end of 2012, he went back to CIC as Head of European Private Equity Investment and moved to Research Department by the end of 2016. He is a lecturer at several Chinese leading universities. He is a prolific writer with almost 100 academic articles and 5 books in economics and finance.