Liu was born in
Yongji County, Jilin, in May 1961. Liu graduated from the
Jilin Finance and Trade College in 1985 with a major in
finance. He went on graduate studies at the Graduate School of the People's Bank of China (now the Tsinghua University
PBC School of Finance) and received a
Master of Economics in 1987. After graduation, he was assigned to the People's Bank of China and spent 20 years at the bank. He served in several posts in the bank, including chief representative of the People's Bank of China Representative Office in Europe (London, UK), deputy director general of the International Department, president of Fuzhou Branch, and director of the Anti Money Laundering Bureau (Security Bureau). On February 17, 2023, Liu was removed from his post as party chief of the bank. On March 19, 2023, Liu resigned from the Bank of China, and his resignation was received by the board of directors. ==Downfall==