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

Wholesale Funding Runs, Spreads and Central Bank Interventions
Discussant: Zongbo Huang, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)
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, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)
Wei Lin, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)

Labor Market Integration and Entrepreneurship
Discussant: Zheng Michael Song, The Chinese University of Hong Kong (CUHK)
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 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

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 (UIBE)

From Wall Street to Hong Kong: The Value of Dual Listing for China Concept Stocks
Discussant: Haichun Ye, The Chinese University of Hong Kong, Shenzhen (CUHK–SZ)
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, The Chinese University of Hong Kong (CUHK)
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