First Central Bank Governor of the Republic - Nan Hanchen

Author: Deng Jiaying
Publisher:
Publish Date: 2006-01-01
Features: The life of Nan Hanchen, the first of the People's Bank of China, filled with many firsthand stories. "People's Bank of China" – what a great name! The word "People" in it explains the nature of the bank – it belongs to the people, to the masses, not to some bureaucratic capitalist or financial oligarch. At the same time, it also indicates its status and role – it should be the state bank and central bank of the future People's Republic of China. He participated in the naming of the bank and led the work of the People's Bank of China Preparation Office. He was eager to seek talent and hired a large number of renowned economists for the People's Bank of China, such as Qian Jiaju, Wang Xuewen, Zhang Naiqi, Shen Zhiyuan, Tao Dayong, Ji Chaodeng, etc., making the People's Bank of China a "talent pool." He orchestrated from the shadows, winning victories from afar, repeatedly suppressing the rampant activities of unscrupulous merchants in speculation and hoarding. He raided the Securities Building, calmed the silver speculation frenzy, and cleverly devised strategies in the grain and cotton markets, driving back the activities of unscrupulous merchants in hoarding and speculation. The "three tight, three loose" financial policy and flexible measures revitalized private industry and commerce – the dead were the illegal merchants and speculators, while the thriving were the legitimate businesses. He once served as the secretary-general of Yang Huicheng, smartly released Comrade Liu Zhidan from prison, and when the Xi'an Incident broke out, the Party sent him to Xi'an to assist Comrade Zhou Enlai in coordinating the post-incident matters. He was entrusted with a difficult mission, taking office as the financial director of the Shaanxi-Gansu-Ningxia Border Region during the hardest times when the Kuomintang imposed a blockade and embargo on our region. He worked tirelessly to break the Kuomintang's economic blockade and solved the clothing and food problems for the 50,000 cadres and soldiers in the Border Region. He had...