By George Chen
The opinions expressed are the author’s own.
So, Dominique Strauss-Kahn has resigned with immediate effect. But to the International Monetary Fund it’s hardly the end, just a new beginning.
So who will be the new leader of the IMF? In Beijing, there’s growing ambition and confidence that a Chinese candidate should be appointed, or at least considered.
Zhu Min, a native of Shanghai who experienced the horrible Cultural Revolution and then managed to be admitted into the prestigious Fudan University after the political movement ended, is widely considered and promoted by domestic media as a strong Chinese candidate for the top IMF post.
In the West, Zhu is probably not so well known, although he made his reputation in the banking world after he helped the Bank of China go public in Shanghai and Hong Kong. Last year, Zhu was named by Strauss-Kahn as his special advisor in the IMF, providing Zhu with an international platform from which to raise his profile.
Zhu also studied at Princeton University and John Hopkins University where he obtained a doctorate degree in economics. He speaks fluent English. He’s also widely considered in the financial industry as a master of presentation and communication skills — he led the IPO roadshows for the Bank of China in 2006. Later he was promoted to be a deputy governor of China’s central bank, the People’s Bank of China.