Born in
Hubei in 1958, Hu graduated from the
Graduate School of the People's Bank of China with an MA in economics in 1984. Hu served as Director of the
State Administration of Foreign Exchange from 2007–2009. In 2009, she was appointed Deputy Governor of the People's Bank of China. She is also an adviser to the
China Finance 40 Forum (CF40). In February 2015, Hu was elected as the
Chairwoman and
Party Secretary of the
Export-Import Bank of China (Exim Bank). In 2020, China joined the
G20-led Debt Service Suspension Initiative, through which official bilateral creditors suspended debt repayments of 73 of the poorest debtor countries. At the 2021
Boao Forum, Hu stated that the interest of both debtors and creditors should be considered in debt suspension. Hu stated, "Debt suspension is neither debt reduction nor debt cancellation. It is an adjustment made to tackle difficulties at specific times" and that outright cancellation weakens financial stability. She served as the top-ranked official at Exim Bank until 2022. ==References==