In 1980, following graduating from Shanghai International Studies University, he passed the examination and became the youngest researcher at the Chinese Academy of Social Sciences.
In 1986, he received his Ph.D. in Economics from Kyoto University in Japan. As the first PRC citizen to receive a Ph.D. in economics from overseas, he was a Senior Research Fellow, the Founder and Head of the Chinese Macroeconomic Research Group at the STATE COUNCIL Research Center in China, helped the Deng Xiaoping leadership with top policy-making, and headed major national economic research projects. He introduced Western economics to China, promoted Western National Accounts System to China, replaced Soviet Union’s system; completed and published the first China GDP.
In 1988, he was a visiting scholar at Harvard University and the National Bureau of Economic Research in the United States. In the 1990s, he represented leading Japanese companies during the rapid investment boom in the USA , including investments to Rockefeller Center, Hollywood / Columbia Pictures. In 1996, he joined Fuji Bank NY Headquarters, as the Chief Financial Analyst and Senior Manager in charge of corporate finance to world leading Companies, including Toyota, Sony, GE, IBM, Nomura Securities, Mitsui, Mitsubishi. He also weathered the 1997 Financial Crisis. In 2003, he joined Citigroup as a Senior Vice President for Citibank Lending, with continued success, and was awarded the CitiStar – Citibank NA’s highest honor, during the Financial Crisis in 2008 and 2009.
He is regularly invited to speak to government and business leaders and Global Forums, educate China to follow international rules and standards, become a responsible partner of Western countries.
NOTABLE QUOTES in Chinese
Fengbo Zhang’s numerous statements have significantly influenced China’s top policy-making since the 1980s, including the following famous adages:
§ Do not focus on the political left or the political right – focus on the economy.
§ In the race for economic development, time should not be wasted on debating Socialism or Capitalism.
§ From Deng Xiaping to Xi Jinping, both names end with "ping". In Chinese culture, it is said one pen cannot write two different pings, China's reform and open policy will follow the same line of succession by the new leadership. (New)
During the Cultural Revolution in China, after graduating from High School, he (middle) was forced to work in an impoverished village as a Sent-down-youth.
Dr. Zhang at Zhongnanhai (China’s White House) for China’s top policy-making in the 1980s. Link
In 1990s, represented top Japanese companies for the rapid investment boom in the USA. Link
911 Experience Link
Dr. Zhang is regularly invited to State Banquets by China's foremost leaders.
Rewarded Citibank’s highest honor – CitiStar, he is congratulated by Chairman & CEO of Citibank.Link