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 (Reject and Resubmit at JFQA)

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

(Reject and Resubmit at Management Science)

Media coverage: VoxChina

• "(Mis)allocation and Local Public Finance in China"

with Zhiguo He, Scott Nelson, Anthony Lee Zhang and Fudong Zhang (under review)

• "Mobility and Housing: Cash Resettlement in China's Shantytown Renovation"

with Zhiguo He, Xinle Pang, Zehao Liu and Kunru Zou

Work in process