The People's Bank of China said it held a Monetary Policy Committee academic lecture chaired by Governor Pan Gongsheng, with State Administration of Foreign Exchange deputy administrators Xu Zhibin and Liu Bin attending and deputy administrator Li Bin giving concluding remarks, while Li Yang of the Chinese Academy of Social Sciences and the National Institution for Finance and Development presented research and views on monetary theory, interest rate liberalization, and shifts in international monetary policy and governance, followed by discussion with participants from the bank's departments, branches and affiliated units and relevant SAFE staff.