Pan received his Ph.D. in economics from Renmin University of China.

[1] Pan was Vice President of Agricultural Bank of China from 2008-2010.

[3] He is also a member of the Academic Committee of the China Finance 40 Forum (CF40).

[4] In July 2023, he was appointed as the secretary of the People's Bank of China Committee of the Chinese Communist Party, succeeding Guo Shuqing.

[5][6] In 2023, Pan was appointed as the Governor of the People’s Bank of China.