From Wall Street to Hong Kong:The Value of Dual Listing for China Concept Stocks
Zhuo Chen, Grace Xing Hu, Ziqiong Xi, Xiaoquan Zhu, Mar 22,
2023
The recent cross-border regulation tensions between the US and China have exposed many US-listed China Concepts Stocks to substantial delisting risks, forcing them to pursue dual listings on the Hong Kong Stock Exchange.
The Value of Bankruptcy Court in Financial Distress: Evidence from Chinese Bond Market
Bo Li, Mai Li, Songnan Li, Laura Xiaolei Liu, Mar 15,
2023
In this paper, we find that the introduction of specialized bankruptcy courts, which are run by better-trained judges and subject to less government intervention, reduces the cost of bond financing by around 10%.
Empowered Young Women: Trade Liberalization and Women’s Family Decisions in China
Difei Ouyang, Weidi Yuan, Yuan Zi, Mar 08,
2023
How do women’s marriage and fertility decisions respond to trade liberalization? This column finds that Chinese prefectures more exposed to the US granting of permanent normal trade relations to China have experienced a relative increase in the fraction of unmarried young women and young women without children.
Bond for Employment: Evidence from China
Yi Huang, Shu Lin, Haichun Ye, Feb 15,
2023
Using the unique institutional feature of government regulations in China, we provide robust evidence that firms with a larger employment size have significantly better access to bond credit.
Internationalizing Like China
Chris Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger, Feb 08,
2023
China’s strategy for internationalizing the renminbi involves controlling the access of foreign investors to the domestic bond market.
The Rise and Fall of Imperial China
Yuhua Wang, Dec 21,
2022
Why do some states stay intact for centuries, while others fall relatively soon after they are founded?
Social Media Engagement Increases Government Action, Decreases Pollution
Mark Buntaine, Michael Greenstone, Guojun He, Mengdi Liu, Shaoda Wang, Bing Zhang, Dec 14,
2022
In China, citizen participation in environmental governance via social media could significantly improve regulatory effort, leading to substantial environmental benefits.
BigTech Credit and Monetary Policy Transmission
Yiping Huang, Xiang Li, Han Qiu, Changhua Yu, Dec 07,
2022
By comparing business loans made by a BigTech bank with those made by traditional banks, this study finds that BigTech loans tend to be smaller, and the BigTech lender is more likely to grant credit to new borrowers than conventional banks in response to expansionary monetary policy.