I am an assistant professor of finance at the Chinese University of Hong Kong Business School.

My main research interests include real estate, public finance, banking and Chinese financial markets. In my current research agenda, I focus on municipal finance and the interactions between government financing behaviors, real estate market and the real economy. I am also interested in the information and moral hazard issues in the banking industry.

Research

Publication

• "Fiscal Stimulus, Deposit Competition, and the Rise of Shadow Banking: Evidence from China"

with Viral V. Acharya, Jun Qian and Zhishu Yang (Management Science, 2024)

Working Papers

• "Empowering through Courts: Judicial Centralization and Municipal Financing in China"

with Jiayin Hu, Wenwei Peng (under review)

• "Banking Integration, Private Crowding-in and Local Government Spending Multiplier"

(Reject and Resubmit)

Media coverage: VoxChina

• "Zoning for profits: how public finance shapes land supply in China"

with Zhiguo He, Scott Nelson, Anthony Lee Zhang and Fudong Zhang

Work in process