cindy.li@sf.frb.org

Tong (Cindy) Li is country manager covering China and Hong Kong in the Banking Supervision & Regulation Division at the Federal Reserve Bank of San Francisco. Previously, she was a senior economist at the Milken Institute, where she specialized in the U.S. mortgage market, international capital markets, banking regulations and the Chinese economy. Li has authored and co-authored more than 30 reports, papers and articles. Her research work has been published in academic journals and presented at major academic and regulator conferences. She is a co-author of "The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown" and "Financial Institutions in China: A Study on Formal and Informal Credits," both published in 2009. She currently serves on the editorial board of Bank and Banking Systems. Li has been interviewed by such major media outlets as China's Phoenix Television and China Youth Daily. She received her Ph.D. in economics from the University of California, Riverside, with research focused on microfinance and economic development, and special emphasis on China. She received a bachelor's degree in international finance from Peking University.

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