[IMF Proposes Appointing Vice Minister of Finance Liao Min as Deputy Managing Director to Succeed Li Bo] According to the Shanghai Securities News, IMF Managing Director Kristalina Georgieva announced that Deputy Managing Director Li Bo will step down after his term ends on November 30, 2026, and proposed that Liao Min, Vice Minister of Finance of China, succeed him, with his term taking effect on December 1. Liao Min, born in 1968, has served as Vice Minister of Finance since May 2018 and has also served as a member of the Monetary Policy Committee of the People's Bank of China since 2023. He has worked at the People's Bank of China, China Everbright Group, and the Bank of China, and also served as Director of the General Office of the former China Banking Regulatory Commission and Director of the Shanghai Banking Regulatory Bureau. Li Bo became Deputy Managing Director of the IMF in August 2021, during which time he was responsible for the work related to approximately 90 member countries and led work on digital currencies, cross-border payments, stablecoin regulation, and artificial intelligence.