Citi announced yesterday that Minggao Shen has been appointed to the newly created role of chief economist for Greater China. He will be based in Hong Kong.
Shen, a Citi returnee, was most recently the chief economist at Caijing Magazine based in Beijing. Prior to that, Shen was Citi senior China economist from September 2005 to July 2008.
"We are pleased that Minggao is returning to Citi and will take on an enlarged portfolio covering macroeconomics research with primary focus on mainland China as well as working closely with our local teams in Hong Kong and Taiwan," said Johanna Chua, chief economist for Citi Asia-Pacific.
At Caijing Magazine, Shen is credited with having helped launch weekly economic research newsletters to subscribers. Sources say the magazine will turn to contributors in the interim to replace Shen, which may include former Morgan Stanley economist Andy Xie, and Citi's former chief Asia economist Huang Yiping.
Shen has spent a large part of his career in academia, including as an associate professor at the China Centre for Economic Research in Peking University where he specialised in development economics. He holds a masters degree in international development policy and a PhD in economics from Stanford University.