Chinese Economy Working Group Meeting
Organized by Hanming Fang, Zhiguo He, Shang-Jin Wei, and Wei Xiong
December 15-16, 2023
Chinese University of Hong Kong, Shenzhen campus, W201, Administration Building, 2001 Longxiang Boulevard, Longgang, Shenzhen, China
FORMAT: 25 minutes for the author. 12 minutes for the discussant (the discussant could skip a summary of the paper if it is not a new way of looking at the issue). Balance of time for general discussion.
Friday, December 15
8:00 am
Registration
8:30 am
Opening Remarks:
Shang-Jin Wei, Columbia University and NBER
Wei Xiong, CUHK-Shenzhen, Princeton University and NBER
8:40 am

Information Discovery in a Hybrid Economy (slides)

Michael Sockin, University of Texas at Austin
Wei Xiong, Princeton University and NBER

Discussant:
Pengfei Wang, Peking University
9:40 am
Coffee/Tea Break
10:00 am

Wholesale Funding Runs, Spreads and Central Bank Interventions

Jacopo Magnani, Norwegian University of Science and Technology (NTNU)
Yabin Wang, Norwegian University of Science and Technology (NTNU)

Discussant:
Zongbo Huang, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
11:00 am

The Regime-Switching Policy for the RMB

Sihao Chen, Fudan University
Shi Qiu, Fudan University

Discussant:
Vivian Yue, Emory University and NBER
12:00 pm
Lunch
1:30 pm

Labor Market Integration and Entrepreneurship

Hanming Fang, University of Pennsylvania and NBER
Ming Li, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
Wei Lin, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)

Discussant:
Zheng Michael Song, The Chinese University of Hong Kong (CUHK)
2:30 pm

Does Digitalization Widen Labor Income Inequality?

Jilei Huang, Shandong University
Yi Sun, University of Chinese Academy of Sciences
Liyan Yang, University of Toronto

Discussant:
Wenlan Qian, National University of Singapore
3:30 pm
Coffee/Tea Break
3:50 pm

Strategic Choices of Local Politicians in China: The Interplay of Economic, Political Activities, and Promotion Prospects

Meng Miao, Renmin University of China
Hong Ru, Massachusetts Institute of Technology
Shang Zeng, Renmin University of China

Discussant:
Yifan Zhou, Xi'an Jiaotong-Liverpool University
4:50 pm

Tickets to the Global Market: First U.S. Patents and Chinese Firm Exports

Kaiji Gong, Hong Kong University of Science and Technology (HKUST)
Yao Amber Li, Hong Kong University of Science and Technology (HKUST)
Kalina Manova, University College London
Stephen T. Sun, City University of Hong Kong

Discussant:
Loren Brandt, University of Toronto
5:50 pm
Adjourn
6:30 pm
Reception & Dinner, CUHK-Shenzhen
Saturday, December 16
8:30 am

Government Deleveraging and Corporate Distress (slides)

Jiayin Hu, Peking University
Songrui Liu, Peking University
Yang Yao, Peking University
Zong Zhu, Peking University

Discussant:
Yi Huang, Bank for International Settlements and CEPR
9:30 am
Coffee/Tea Break
10:00 am

The Cost of Capital Market Distortions: Evidence from Chinese Overseas IPOs (slides)

Qu Feng, Nanyang Technological University
Shang-Jin Wei, Columbia University and NBER
Guiying Laura Wu, Nanyang Technological University
Mengying Yuan, South China University of Technology

Discussant:
Yiming Qian, University of Connecticut
11:00 am

From Wall Street to Hong Kong: The Value of Dual Listing for China Concept Stocks

Zhuo Chen, Tsinghua University
Grace Xing Hu, Tsinghua University
Ziqiong Xi, Tsinghua University
Xiaoquan Zhu, University of International Business and Economics (UIBE)

Discussant:
Haichun Ye, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
12:00 pm
Lunch
1:30 pm

Policy Uncertainty Reduces Green Investment

Mengyu Wang, Tsinghua University
Jeffrey Wurgler, New York University and NBER
Hong Zhang, Singapore Management University

Discussant:
Wenxi Jiang, The Chinese University of Hong Kong (CUHK)
2:30 pm
Coffee/Tea Break
3:00 pm

Transmission of Quantity-Based Monetary Policy Through Heterogeneous Banks in China

Dan Luo, CUHK Business School
Michael Weber, Purdue University and NBER
Zhishu Yang, Tsinghua University
Jacky Zhang, Shanghai Jiao Tong University

Discussant:
Kaiji Chen, Emory University
4:00 pm
Adjourn
Emergency Contact in Shenzhen:
Joelian Zhou joelianzhou@cuhk.edu.cn
tel: +-55666828 or +86-18476996695