2019 China Financial Research Conference Program
2019 CHINA FINANCIAL RESEARCH CONFERENCE PROGRAM
Beijing, China
July 7-8, 2019
Sunday, July 07, 2019, 08:30 - 10:15
Capital Market - Room 1-100, 1/F Building 1
Christian Lundblad, The University of North Carolina at Chapel Hill
Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets
Hui Chen, Massachusetts Institute of Technology
Zhuo Chen, Tsinghua University
Zhiguo He, The University of Chicago
Jinyu Liu, University of International Business and Economics
Rengming Xie, CITIC Securities
Wealth Redistribution in Bubbles and Crashes
Li An, Tsinghua University
Jiangze Bian, University of International Business and Economics
Dong Lou, The London School of Economics and Political Science
Donghui Shi, Shanghai Stock Exchange
The Diversification Benefits and Policy Risks of Accessing China's Stock Market
Chenyu Shan, Shanghai University of Finance and Economics
Dragon Yongjun Tang, The University of Hong Kong
Sarah Qian Wang, The University of Warwick
Chang Zhang, The University of Warwick
Discussants:
Jia Chen, Peking University
Jacky Qi Zhang, Durham University
Clark Liu, Tsinghua University
Sunday, July 07, 2019, 08:30 - 10:15
公司金融与公司治理 - Room 1-200, 2/F Building 1
何 平，清华大学
去产能政策与售后回租——监管套利视角下的相互关系
史燕平，对外经济贸易大学
杨 汀，北方工业大学、对外经济贸易大学
庞家任，清华大学
全 怡，中南财经政法大学
杨国超，中南财经政法大学
孔东民，中南财经政法大学
叶康涛，中国人民大学
古志辉，南开大学
孙 玮，对外经济贸易大学
评论人：
李瑞鹏，中山大学
马 琳，对外经济贸易大学
丁 娜，中央财经大学
Sunday, July 07, 2019, 10:30 - 12:15
Behavioral Finance I - Room 1-100, 1/F Building 1
Yongxiang Wang, University of Southern California
Bin Ke, National University of Singapore
Yupeng Lin, National University of Singapore
Hong Tu, Nankai University
Weibiao Xu, Nankai University
The Chinese Stock Splits Puzzle: A Behavioral Signaling Explanation
Chenyu Cui, Tsinghua University
Frank Weikai Li, Singapore Management University
Jiaren Pang, Tsinghua University
Deren Xie, Tsinghua University
Cognitive Biases and Asset Prices: Evidence from the Exchange-traded Repo Market in China
Xuyun Fang, China Life AMP Asset Management Co. Ltd
Zhiqian Jiang, Florida State University
Baixiao Liu, Florida State University
John J. McConnell, Purdue University
Mingshan Zhou, Southwestern University of Finance and Economics
Discussants:
Claire Hong, Shanghai Jiao Tong University
Zhenyu Gao, The Chinese University of Hong Kong
Tse-Chun Lin, The University of Hong Kong
Sunday, July 07, 2019, 10:30 - 12:15
Housing and Finance I - Room 1-200, 2/F Building 1
Jennifer Huang, Cheung Kong Graduate School of Business
Feng Dong, Shanghai Jiao Tong University
Jianfeng Liu, Shanghai University of International Business and Economics
Zhiwei Xu, Shanghai Jiao Tong University
Bo Zhao, Peking University
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission
Sumit Agarwal, National University of Singapore
Yongheng Deng, University of Wisconsin–Madison
Quanlin Gu, Peking University
Jia He, Nankai University
Wenlan Qian, National University of Singapore
Yuan Ren, National University of Singapore
Capital Scarcity and Industrial Decline: Evidence from 172 Real Estate Booms in China
Harald Hau, University of Geneva
Difei Ouyang, University of Geneva
Discussants:
Guozhong Zhu, University of Alberta
Yongqiang Chu, The University of North Carolina at Charlotte
Meng Miao, Renmin University of China
Sunday, July 07, 2019, 13:00 - 14:00
Keynote Speech & Best Paper Awards - Room 3-300, 3/F Building 3
Welcome Speech by Program Chair
Hao Zhou, Associate Dean and Unigroup Chair Professor of Finance, PBC School of Finance, Tsinghua University; Vice Chair, National Institute of Financial Research, Tsinghua University
Keynote Speech
Tao Zha, Samuel Candler Dobbs Professor of Economics, Emory University; Executive Director, Center for Quantitative Economic Research, Federal Reserve Bank of Atlanta
Best Paper Awards Ceremony
Moderator: Xiaoyan Zhang, Associate Dean and XIN Chair Professor of Finance, PBC School of Finance, Tsinghua University; Vice Chair, National Institute of Financial Research, Tsinghua University; Vice Chair, Institute for Fintech Research, Tsinghua University
Sunday, July 07, 2019, 14:15 - 16:00
Corporate Finance - Room 1-100, 1/F Building 1
Meijun Qian, The Australian National University
Bo Li, Tsinghua University
Jacopo Ponticelli, Northwestern University
Share Pledging and Corporate Risking-Taking: Insights from the Chinese Stock Market
Qingbin Meng, Remin University of China
Xiaoran Ni, Xiamen University
Jinfan Zhang, The Chinese University of Hong Kong, Shenzhen
Do Place-Based Policies Promote Local Innovation and Entrepreneurial Finance?
Xuan Tian, Tsinghua University
Jiajie Xu, Boston College
Discussants:
Edith Hotchkiss, Boston College
William L. Megginson, University of Oklahoma
Xintong Zhan, The Chinese University of Hong Kong
Sunday, July 07, 2019, 14:15 - 16:00
Behavioral Finance II - Room 1-200, 2/F Building 1
Jianfeng Yu, Tsinghua University
What Makes Structured Products Popular? Evidence from China’s Structured Funds
Paul Gao, University of Notre Dame
Allen Hu, Yale University
Peter Kelly, University of Notre Dame
Cameron Peng, The London School of Economics and Political Science
Ning Zhu, Shanghai Jiao Tong University
Intraday Reversal, Liquidity and Anchored Expectation
Shen Lin, Tsinghua University
Xiong Xiong, Tianjin University
How Does Mutual Fund Working Experience Affect Private Fund Performance?
Ying Sophie Huang, Zhejiang University
Bing Liang, University of Massachusetts Amherst
Kai Wu, Central University of Finance and Economics
Discussants:
Clark Liu, Tsinghua University
Conghui Hu, University of International Business and Economics
Qi Liu, Peking University
Sunday, July 07, 2019, 16:15 - 18:00
中国金融热点问题 - Room 1-100, 1/F Building 1
刘晓蕾，北京大学
叶德珠，暨南大学
曾繁清，暨南大学
黄允爵，暨南大学
彭俞超，中央财经大学
沈 吉，北京大学
高昊宇，中央财经大学
分部门杠杆增速与金融危机风险：基于跨国面板数据的实证分析与政策建议
纪 洋，厦门大学
葛婷婷，北京大学
边文龙，成均馆大学
黄益平，北京大学
评论人：
邓家品，北京大学
向昊天，宾夕法尼亚大学
刘津宇，对外经济贸易大学
Sunday, July 07, 2019, 16:15 - 18:00
Market Microstructure - Room 1-200, 2/F Building 1
Haoxiang Zhu, Massachusetts Institute of Technology
Impact of Liquidity Shocks on Stock Prices: Evidence from Chinese IPOs
Jennifer (Jie) Li, Shanghai Jiao Tong University
Neil D. Pearson, University of Illinois at Urbana-Champaign
Qi Zhang, Durham University
The Indirect Effects of Trading Restrictions: Evidence from a Quasi-Natural Experiment
Shujing Wang, Tongji University
Hongjun Yan, DePaul University
Ninghua Zhong, Tongji University
Yizhou Tang, Tongji University
The Unintended Consequences of Direct Purchase Stock Market Rescue: Lessons from China
Chunbo Liu, Southwestern University of Finance and Economics
Yongxin Xu, Victoria University of Wellington
Xiaoyan Zhang, Tsinghua University
Discussants:
Grace Xing Hu, Tsinghua University
Jennifer Huang, Cheung Kong Graduate School of Business
Yi Huang, Graduate Institute of International and Development Studies
Monday, July 08, 2019, 08:30 - 10:15
Macro-Corporate - Room 1-100, 1/F Building 1
Grace Xing Hu, Tsinghua University
Zombie Firm Dynamics and China's Monetary Policy
Wei Guo, International Monetary Fund (IMF)
Calvin Dun Jia, Renmin University of China
Tony Wei Li, Beihang University
Internal Capital Markets and Export Pricing: Evidence from Chinese Business Groups
Kang Shi, The Chinese University of Hong Kong
Jin Xie, The Chinese University of Hong Kong
Juanyi (Jenny) Xu, The Hong Kong University of Science and Technology
Yixin Liu, University of New Hampshire
Yu Liu, University of Texas at Rio Grande Valley
William L. Megginson, University of Oklahoma
Zuobao Wei, University of Texas at El Paso
Discussants:
Zhan Shi, Tsinghua University
Dan Li, The Chinese University of Hong Kong, Shenzhen
Bo Li, Tsinghua University
Monday, July 08, 2019, 08:30 - 10:15
Housing and Finance II - Room 1-200, 2/F Building 1
Hong Zhang, Tsinghua University
Tax Evasion, Capital Gains Taxes, and the Housing Market
Sumit Agarwal, National University of Singapore
Keyang Li, Tsinghua University
Yu Qin, National University of Singapore
Jing Wu, Tsinghua University
Jubo Yan, Nanyang Technological University
Yinglu Deng, Tsinghua University
Li Liao, Tsinghua University
Jiaheng Yu, Massachusetts Institute of Technology
Yu Zhang, Peking University
Spillovers in Prices: The Curious Case of Haunted Houses
Utpal Bhattacharya, The Hong Kong University of Science and Technology
Daisy Huang, Southwestern University of Finance and Economics
Kasper Meisner Nielsen, Copenhagen Business School and The Hong Kong Univeristy of Science and Technology
Discussants:
Yu Zhang, Peking University
Jennifer (Jie) Li, Shanghai Jiao Tong University
Li An, Tsinghua University
Monday, July 08, 2019, 10:30 - 12:15
(Shadow) Banking - Room 1-100, 1/F Building 1
Hao Wang, Tsinghua University
Implicit Guarantees and the Rise of Shadow Banking: The Case of Trust Products
Franklin Allen, Imperial College London
Xian Gu, Central University of Finance and Economics
Jun Qian, Fudan University
Yiming Qian, The University of Iowa
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China
Ji Huang, The Chinese University of Hong Kong
Zongbo Huang, The Chinese University of Hong Kong, Shenzhen
Xiang Shao, Fudan University
Hongqi Yuan, Fudan University
Yiyuan Zhou, The University of Hong Kong
Hong Zou, The University of Hong Kong
Discussants:
Bibo Liu, Tsinghua University
Haoyu Gao, Central University of Finance and Economics
Zhuo Chen, Tsinghua University
Monday, July 08, 2019, 10:30 - 12:15
Corporate Governance - Room 1-200, 2/F Building 1
Xuan Tian, Tsinghua University
Education and Innovation: the Long Shadow of the Cultural Revolution
Zhangkai Huang, Tsinghua University
Gordon Phillips, Dartmouth College
Jialun Yang, Tsinghua University
Yi Zhang, Nottingham University
Information Sharing between Mutual Funds and Auditors
Ole-Kristian Hope, University of Toronto
Pingui Rao, Jinan University
Yanping Xu, Jinan University
Heng Yue, Singapore Management University
Public Enforcement of Securities Laws in Weak Institutional Environments: Evidence from China
Tinghua Duan, IÉSEG School of Management
Kai Li, The University of British Columbia
Rafael Rogo, Indiana University
Ray Zhang, Simon Fraser University
Discussants:
Rui Wu, Tsinghua University
Bo Li, Tsinghua University
Ping Jiang, University of International Business and Economics