Chinese Economy Working Group
Organized by Hanming Fang, Zhiguo He, Shang-Jin Wei, and Wei Xiong
December 15-16, 2017
Shenzhen, China
Thursday, December 14
6:00 pm
Opening Dinner, Hilton Shenzhen Futian, 4th Floor
Friday, December 15
Participants will be met in hotel lobby. Shuttle bus will leave at 8:00 am for conference.
8:00 am
Registration
8:30 am
Opening Remarks:
Shang-Jin Wei, Columbia University and NBER
Wei Xiong, Princeton University and NBER
8:40 am

Local Crowding Out in China

Yi Huang, Bank for International Settlements and CEPR
Ugo Panizza, The Graduate Institute, Geneva
Marco Pagano, Einaudi Institute for Economics and Finance (EIEF)

Discussant:
Yongjun Tang, The University of Hong Kong (HKU)
9:40 am
Break
10:00 am

Interest-Rate Liberalization and Capital Misallocation

Zheng Liu, Federal Reserve Bank of San Francisco
Pengfei Wang, Peking University
Zhiwei Xu, Shanghai Jiao Tong University

Discussant:
Zheng Michael Song, The Chinese University of Hong Kong (CUHK)
11:00 am

Rise of Bank Competition: Evidence from Banking Deregulation in China (slides)

Haoyu Gao, Renmin University of China
Hong Ru, Massachusetts Institute of Technology
Robert Townsend, Massachusetts Institute of Technology and NBER
Xiaoguang Yang, Chinese Academy of Sciences

Discussant:
Jian Wang, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
12:00 pm
Lunch

Speaker: Jing Xiao, Chief Scientist of Ping An Group
Artificial Intelligence and Financial Services
1:20 pm

Leverage Network and Market Contagion

Jiangze Bian, University of International Business and Economics (UIBE)
Zhi Da, University of Notre Dame
Dong Lou, London School of Economics and Political Science (LSE)
Hao Zhou, Tsinghua University

Discussant:
Zhiguo He, Stanford University and NBER
2:30 pm

The Impact of Delay in Going Public: Evidence from China

Sabrina T. Howell, Harvard University and NBER
Lin William Cong, Cornell University and NBER
Ran Zhang, Peking University

Discussant:
Bohui Zhang, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
3:30 pm
Break
3:50 pm

Equilibrium Consequences of Corruption on Firms: Evidence from China's Anti-Corruption Campaign

Haoyuan Ding, Shanghai University of Finance and Economics
Hanming Fang, University of Pennsylvania and NBER
Shu Lin, The Chinese University of Hong Kong (CUHK)
Kang Shi, The Chinese University of Hong Kong (CUHK)

Discussant:
Bernard Yeung, National University of Singapore
4:50 pm

Liquidity Constraints, Transition Dynamics, and the Chinese Housing Return Premium (slides)

Yu Zhang, Peking University

Discussant:
Kaiji Chen, Emory University
5:50 pm
Adjourn
6:30 pm
Reception/Dinner, Hilton Shenzhen Futian, 2nd Floor
Saturday, December 16
Participants will be met in hotel lobby. Shuttle bus will leave at 8:00 am for conference.
8:30 am

Implicit Guarantee and Shadow Banking: The Case of Trust Products

Franklin Allen, Imperial College London
Xian Gu, Durham University Business School
Jun Qian, Fudan University
Yiming Qian, the University of Iowa

Discussant:
Ning Zhu, Tsinghua University
9:30 am
Break
10:00 am

The Causes of China's Great Famine, 1959-1961: County-Level Evidence

Bingjing Li, The University of Hong Kong (HKU)
Hiroyuki Kasahara, University of British Columbia

Discussant:
FloorDiscussion
11:00 am

Production Networks and Misallocation

Pravin Krishna, Johns Hopkins University and NBER
Heiwai Tang, Hong Kong University

Discussant:
ernest_liu_2
12:00 pm
Lunch
1:30 pm

Target Setting in Tournaments: Theory and Evidence from China

Xing Li, Peking University
Chong Liu, Peking University
Xi Weng, Peking University
Li-An Zhou, Peking University

Discussant:
Yingyi Qian, Tsinghua University
2:30 pm
Break
3:00 pm

E-Commerce Integration and Economic Development: Evidence from China

Victor Couture, University of Toronto
Benjamin Faber, University of California, Berkeley and NBER
Yizhen Gu, Peking University
Lizhi Liu, Georgetown University

Discussant:
Daniel Xu, Duke University and NBER
4:00 pm
Adjourn


Instructions to the Presenters and Discussants:

25 minutes per paper presentation.
15 minutes of discussion (the discussant could skip a summary of the paper if it is not a new way of looking at the issue).
Balance of the time: general discussion.
Local Contact:
Contact at Shenzhen Finance Institute, CUHK(SZ):
Ms. Wendy Liao
Email: wendyliao@cuhk.edu.cn
Tel: 0086-136-3160-0113