PANews, October 28 — According to the Shanghai Securities News, IMF Managing Director Kristalina Georgieva announced that Deputy Managing Director Li Bo will leave his post when his term ends on November 30, 2026. She proposed appointing Liao Min, China’s Vice Minister of Finance, as his successor, effective December 1. Born in 1968, Liao has served as Vice Minister of Finance since May 2018 and has also been a member of the Monetary Policy Committee of the People’s Bank of China since 2023. He has worked at the People’s Bank of China, China Everbright Group and Bank of China, and has also served as Director of the General Office of the former China Banking Regulatory Commission and Director of the Shanghai Office of the China Banking Regulatory Commission. Li Bo took office as an IMF Deputy Managing Director in August 2021. During his tenure, he was responsible for work involving around 90 member countries and led work related to digital currencies, cross-border payments, stablecoin regulation and artificial intelligence.