Authors, please upload your paper here.

 

National Bureau of Economic Research

 

Capitalizing China Pre-Conference

Joseph Fan and Randall Morck, Organizers

 

April 18, 2009

 

NBER

3rd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, MA

 

Co-Organized by

National Bureau of Economic Research

Institute of Economics & Finance, The Chinese University of Hong Kong

 

Program

Friday, April 17:

 

 

 

6:30 pm

Dinner

 

Dante Restaurant at the Royal Sonesta Hotel

 

40 Edwin H. Land Blvd.

 

Cambridge, MA

 

 

Saturday, April 18:

 

 

 

8:10 am

Shuttle van departs Royal Sonesta Hotel for NBER

 

 

8:20 am

Coffee and Pastries

 

 

8:50 am

Overview of Project Goals

 

 

 

Financial Technology Divergence between West and East

 

William Goetzmann, Yale University and NBER

 

 

 

Why Are Saving Rates So High in China?

 

Dennis Yang, The Chinese University of Hong Kong

 

Junsen Zhang, The Chinese University of Hong Kong

 

Shaojie Zhou, Tsinghua University

 

 

10:05 am

Coffee Break

 

 

10:20 am

Local Public Finance and Resource Allocation in China

 

Roger Gordon, UC, San Diego and NBER

 

Wei Li, University of Virginia

 

 

 

Financing Strategies for Nation Building

 

Zhiwu Chen, Yale University

 

William Goetzmann, Yale University and NBER

 

 

 

China’s Financial System: Opportunities and Challenges

 

Franklin Allen, University of Pennsylvania

 

Jun “QJ” Qian, Boston College

 

Chenying Zhang, University of Pennsylvania

 

Mengxin Zhao, University of Alberta

 

 

12:05 pm

Lunch

 

 

1:00 pm

The Governance of China's Finance

 

Katharina Pistor, Columbia University

 

 

 

The Curious Case of Securities Markets in Modern China

 

William Allen, New York University

 

Han Shen, Davis Polk & Wardwell, Hong Kong

 

 

 

Institutions and Information Environment of Chinese Listed Firms

 

Joseph Piotroski, Stanford University

 

T.J. Wong, The Chinese University of Hong Kong

 

 

2:35 pm

Coffee Break

 

 

2:50 pm

Corporate Empire Building and the Visible Hand behind China’s Growth

 

Joseph Fan, The Chinese University of Hong Kong

 

Jun Huang, Shanghai University of Finance & Economics

 

 

 

The Corporate Savings Puzzle in China:  A Comparative Perspective

 

Tam Bayoumi, IMF

 

Hui Tong, IMF

 

Shang-Jin Wei, Columbia University and NBER

 

 

4:00 pm

Overview of Project Goals

 

 

4:05 pm

Adjourn

 

 

 

 

 

 

 

 

4/17/09