Research

With economics and history training, I study China's business, financial, and banking histories. Please find my work below. 

A List of Publications

1. Journal

2024.     Governance structure, organizational form, and business performance: A study of the Shanxi piaohao (banks), 1820s–1930s, Business History (CABS Journal Quality List: 4) 

•  Highlighted in The Economist

2024.   The Rise and Fall of Paper Money in Yuan China, 1260-1368, co-authored with Hanhui Guan and Nuno Palma, Economic History Review, Volume 77, Issue 4 (CABS Journal Quality List: 4).               

• The University of Manchester working paper, EDP-2207

• CEPR discussion paper

• Replication package

2018.   How Did the Chinese Shanxi Merchants Determine the Remittance Fees? Micro Firm Analysis of Rishengchang Piaohao, Frontiers of Economics in                  China, 2018, 13 (3): 484-504. 

2018.  Traditions and Innovations: An exploration of the Governance Structure, Business Strategy and Historical Development of the Chinese Shanxi                Piaohao, 1820s to 1930s,  Dissertation Summary, Australian Economic History Review, 2018, 58(2): 197-205.

2. Doctoral Dissertation

2016. Traditions and Innovations: An Exploration of the Governance Structure, Business Strategy and Historical Development of the Chinese Shanxi Piaohao,  the 1820s to 1930s. PhD thesis, The London School of Economics and Political Science (LSE) 

•         My thesis was awarded the Asia-Pacific Prize in Economic History for the Best Ph.D. Thesis by The Economic History Society of Australia and New Zealand.

3. Commissioned Book Review

2021.    Stephen L. Morgan, The Chinese Economy (Newcastle upon Tyne: Agenda Publishing) for Economic History Review           

4. Work in Progress

Book:

1)      The Empire of Remittance: Growth, Business Strategy, and Governance Structure of the Chinese Shanxi Banks, 1820s-1930s

Paper:

1)      Adjustments and Vicissitudes:  The Indirect Banknotes Issuance in Republican China, 1912-1949, co-author with Xin Dong (Liaoning University), Dehua Li (University of Glasgow), Debin Ma (Oxford University), and Nuno Palma (University of Manchester).

2)  When Bimetallism Encountered Gold Standard—A Study of Floating Dual Exchange Rates on China’s Trade and Prices, 1870-1910, co-author with Hanhui Guan (Peking University) and Nuno Palma (Manchester University)

5.   Other Research Output

2022.          How Private Banks Increased Republican China’s Money Supply, LSE Economic History Blogs

Research Grants

2022.       Hallsworth Visiting Professorship, £6720, with Nuno Palma, University of Manchester 

(We applied for this fund to invite Professor Richard von Glahn, who will visit the University of Manchester as a Hallsworth Visiting Professor in October 2022.)

2017.         Postdoctoral Fellowship of £16,500, Economic History Society 

2015.         PhD Bursary of £5,000, Economic History Society

2014.         Postgraduate Research Scholarship of £3,000, LSE 

2012-4.      Radwan Travel and Discovery Grant of £400, LSE

Awards 

2018.         Winner, Best Dissertation of the Asia-Pacific Prize in Economic History, Economic History Society.

2010.         Outstanding Bachelor Graduate, CUFE.

2007.         Academic Excellence Scholarship, CUFE.

Referee

British Academy, Journal of Chinese History, Journal of Economic History, Journal of Management Studies, Routledge, and Manchester School

Membership

Royal Economics Society, Economic History Society, Economic History Association (Representative), Association of Business Historians, Business History Conference, Arthur Lewis Lab.