Xia Bin graduated from the Finance Department of Graduate School of People’s Bank of China (Wudaokou) in 1984. Between 1985 and 1992, Xia held posts from Deputy Section Head to Vice President of Finance Research Centre of People’s Bank of China and had been to Japan to study securities at Nomura Securities Research Centre. In the three years that followed, he served as the President of the Exchange Department and the Information Centre of China Securities Regulatory Commission and the Manager of Shenzhen Stock Exchange. Later, he reverted to work for People’s Bank of China as the Vice President of its Research Centre between 1996 and 1998 and Director of Non-Banking Financial Regulation Department during 1998-2002. In September 2002, he joined the Financial Research Institute of Development Research Centre of the State Council to engage in the research on macro monetary policies. Xia is the author of Report on the Research of Chinese Privately Offered Fund. He was awarded the Sun Yefang Prize, the highest honour for economists in China, in 2003.