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Dr. Peng Wensheng is the Chief Economist and Head of Research at the China International Capital Corporation Limited (CICC),and also the Executive Dean of the CICC Global Institute. From 2008 to 2010, he was Head of China Research at Barclays Capital. Prior to that, he worked at the Hong Kong Monetary Authority for ten years, serving as Head of Economic Research Division and Head of Mainland China Affairs Division at different points of time. From 1993 to 1998, he worked as an Economist for the International Monetary Fund (IMF) in Washington, D.C. Dr. Peng has published numerous papers in international academic journals. His book “Seek new economic balance in China” (in Chinese) was awarded the Sun Yefang financial innovation book prize in 2015, and his book “The Ascending Financial Cycles” (in Chinese) was awarded CF40 annual book prize in 2018. Dr. Peng co-authored “Business Cycles: Theory and Evidence” (published by Wiley-Blackwell in 1993) and co-edited “Currency Internationalization: Global Experience and Implications for the Renminbi” (published by Palgrave Macmillan in 2009).