With a scrupulous attitude, he has long conducted research on theoretical and empirical issues of China’s money, banking, price, public finance and macroeconomic development, etc. His research work has been essential to the development of fiscal and finance research framework and the evolution of financial theory study in China.
Given his outstanding contribution and position in financial research, he was a deputy to the eighth National People’s Congress (NPC), a member of the NPC’s Financial and Economic Committee and the President of the Renmin University. He was also appointed a member of the first Monetary Policy Committee of the People’s Bank of China and the Head of China Financial Institute.