Chinese Economy Working Group Meeting

Hanming Fang, Zhiguo He, Shang-Jin Wei, and Wei Xiong, Organizers

December 15-16, 2023

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.

Conference Code of Conduct

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

Information Discovery in a Hybrid Economy (slides)
Discussant: Pengfei Wang, Peking University
9:40 am
Coffee/Tea Break
10:00 am
Jacopo Magnani, Norwegian University of Science and Technology
Yabin Wang, Norwegian University of Science and Technology

Wholesale Funding Runs, Spreads and Central Bank Interventions
Discussant: Zongbo Huang, Chinese University of Hong Kong, Shenzhen
11:00 am
Sihao Chen, Fudan University
Shi Qiu, Fudan University

The Regime-Switching Policy for the RMB
Discussant: Vivian Yue, Emory University and NBER
12:00 pm
Lunch
1:30 pm
Hanming Fang, University of Pennsylvania and NBER
Ming Li, Chinese University of Hong Kong, Shenzhen
Wei Lin, Chinese University of Hong Kong, Shenzhen

Labor Market Integration and Entrepreneurship
Discussant: Zheng Michael Song, Chinese University of Hong Kong
2:30 pm
Jilei Huang, Shandong University
Yi Sun, University of Chinese Academy of Sciences
Liyan Yang, University of Toronto

Does Digitalization Widen Labor Income Inequality?
Discussant: Wenlan Qian, National University of Singapore
3:30 pm
Coffee/Tea Break
3:50 pm
Meng Miao, Renmin University of China
Hong Ru, Massachusetts Institute of Technology
Shang Zeng, Renmin University of China

Strategic Choices of Local Politicians in China: The Interplay of Economic, Political Activities, and Promotion Prospects
Discussant: Yifan Zhou, Fudan University
4:50 pm
Kaiji Gong, Hong Kong University of Science & Technology
Yao Amber Li, Hong Kong University of Science & Technology
Kalina Manova, University College London
Stephen T. Sun, City University of Hong Kong

Tickets to the Global Market: First U.S. Patents and Chinese Firm Exports
Discussant: Loren Brandt, University of Toronto
5:50 pm
Adjourn
6:30 pm
Reception & Dinner, CUHK-Shenzhen
Saturday, December 16
8:30 am
Jiayin Hu, Peking University
Songrui Liu, Peking University
Yang Yao, Peking University
Zong Zhu, Peking University

Government Deleveraging and Corporate Distress (slides)
Discussant: Yi Huang, Fudan University
9:30 am
Coffee/Tea Break
10:00 am
Qu Feng, Nanyang Technological University
Shang-Jin Wei, Columbia University and NBER
Guiying Laura Wu, Nanyang Technological University
Mengying Yuan, Nanyang Technological University

The Cost of Capital Market Distortions: Evidence from Chinese Overseas IPOs (slides)
Discussant: Yiming Qian, University of Connecticut
11:00 am
Zhuo Chen, Tsinghua University
Grace Xing Hu, Tsinghua University
Ziqiong Xi, Tsinghua University
Xiaoquan Zhu, University of International Business and Economics

From Wall Street to Hong Kong: The Value of Dual Listing for China Concept Stocks
Discussant: Haichun Ye, Chinese University of Hong Kong, Shenzhen
12:00 pm
Lunch
1:30 pm
Mengyu Wang, Tsinghua University
Jeffrey Wurgler, New York University and NBER
Hong Zhang, Singapore Management University

Policy Uncertainty Reduces Green Investment
Discussant: Wenxi Jiang, Chinese University of Hong Kong
2:30 pm
Coffee/Tea Break
3:00 pm
Dan Luo, CUHK Business School
Michael Weber, University of Chicago and NBER
Zhishu Yang, Tsinghua University
Jacky Zhang, Durham University

Transmission of Quantity-Based Monetary Policy Through Heterogeneous Banks in China
Discussant: Kaiji Chen, Emory University
4:00 pm
Adjourn
Emergency Contact in Shenzhen:
Joelian Zhou joelianzhou@cuhk.edu.cn
tel: +-55666828 or +86-18476996695