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Chinese Economy Working Group Meeting
Organized by Hanming Fang, Zhiguo He, Shang-Jin Wei, and Wei Xiong December 15-16, 2025 Cho Yiu Conference Hall, University Administration Building, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong Hosted by The Chinese University of Hong Kong (CUHK) |
| Monday, December 15 | |
| 8:00 am |
Registration
|
| 8:30 am |
Opening Remarks: Shang-Jin Wei, Columbia University and NBER
Michael Zheng Song, CUHK |
| 8:35 am |
Session Chair: Wei Xiong, Princeton University and NBER
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| 8:40 am |
Finance Leases and Capital Allocation Efficiency in China
Discussant:
Yan Bai, University of Rochester and NBER |
| 9:30 am |
Market for Corporate Control in China: Engine for Growth or Value Destruction?
Discussant:
Wei Jiang, Emory University and NBER |
| 10:20 am |
Coffee/Tea Break
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Short Presentations:
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| 10:50 am |
High-Speed Rail and China's Electric Vehicle Adoption Miracle |
| 11:10 am |
Knowledge Diffusion and Local Innovation: Evidence from China |
| 11:30 am |
AI Copilots in Real Estate: Evidence from China |
| 11:50 am |
Floor Discussion
|
| 12:15 pm |
Lunch
|
| 12:16 pm |
Session Chair: Hanming Fang, University of Pennsylvania and NBER
|
| 1:40 pm |
Laboratories of Autocracy: Landscape of Central-Local Dynamics in China's Policy Universe
Discussant:
Ming Li, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ) |
| 2:30 pm |
The Exchange Rate as an Industrial Policy
Discussant:
Qingyuan Du, Monash University |
| 3:20 pm |
Coffee/Tea Break
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Short Presentations:
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| 3:50 pm |
Earnings Management and Price Informativeness |
| 4:10 pm |
The Demand, Supply, and Market Responses of Corporate ESG Actions: Evidence from a Nationwide Experiment in China |
| 4:30 pm |
Central Bank Swap Lines and Currency Choices in Trade: The Bank Risk Management Channel |
| 4:50 pm |
Floor Discussion
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| 5:15 pm |
Adjourn
|
| 6:00 pm |
Reception/Dinner - Yat Heen, Alva Hotel, Shatin, Hong Kong
(shuttle transportation will be arranged) |
| Tuesday, December 16 | |
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Location on Day 2:
LT2, Executive Education Suite, Level 1, Cheng Yu Tung Building, The Chinese University of Hong Kong (venue is within walking distance of the hotel) |
|
| 8:29 am |
Session Chair: Zhiguo He, Stanford University and NBER
|
| 8:30 am |
A Machine-Learning Based Measure of Corporate Tax Avoidance
Discussant:
Jialin Yu, Hong Kong University of Science and Technology (HKUST) |
| 9:20 am |
Sex and the City: Spatial Structural Changes and the Marriage Market
Discussant:
Nancy Qian, Northwestern University and NBER |
| 10:10 am |
Coffee/Tea Break
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Short Presentations:
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| 10:40 am |
Risk Sharing and Temporary Migration: The Information Role of Kinship Networks |
| 11:00 am |
Government Bans, Household Spending, and Academic Performance: Evidence from Private Tutoring in China |
| 11:20 am |
The International Spillover of Monetary Policy Shock: New Evidence from Nighttime Light |
| 11:40 am |
Floor Discussion
|
| 12:05 pm |
Lunch
|
| 12:30 pm |
Keynote Speech: Boosting China’s Consumption
Haibin Zhu, Executive Director, Hong Kong Monetary Authority |
| 12:31 pm |
Session Chair: Michael Zheng Song, CUHK
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Short Presentations:
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| 1:40 pm |
Public Displays of Alignment |
| 2:00 pm |
Political Persuasion in the Information Age: Results from a Field Experiment |
| 2:20 pm |
Digital Technology, Legal Reforms, and Bank Lending |
| 2:40 pm |
Floor Discussion
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| 3:05 pm |
Concluding Remarks: Shang-Jin Wei, Columbia University and NBER
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| 3:10 pm |
Adjourn
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Instructions to the presenters and discussants:
Long Presentations: Presentation: 25 minutes, Discussion: 10 minutes (the discussant could skip a summary of the paper if it is not a new way of looking at the issue). Floor discussion: 15 minutes. Short Presentations: Presentation: 20 minutes per paper, Floor discussion: 25 minutes at the end of each session. |