A Bridge on Economic Issues between China and the World
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The Economic Impact of Distributing Financial Products on Third-Party Online Platforms
Claire Yurong Hong, Xiaomeng Lu, Jun Pan, Feb 26, 2020The emergence of third-party online platforms in intermediating financial products has been a new and exciting development in FinTech. We find that, in China post-platform, fund flows become markedly more sensitive to fund performance, and the net flow to the top 10 percent–performing funds more than triples their pre-platform level. In response, fund managers increase their risk taking to enhance...
Financial Spillovers of Foreign Direct Investment: Evidence from China
Haoyuan Ding, Shu Lin, Shujie Wu, Haichun Ye, May 08, 2024Foreign Direct Investment (FDI) has enhanced the financial conditions of Chinese enterprises, particularly through the financial spillover effects generated by supply chain connections, which have helped to reduce the burden of trade credit and increase opportunities for bank financing.
Sex and the City: Demographics, Spatial Sorting, and the Marriage Market
Min Fang, Zibin Huang, Yushi Wang, Yu Alan Yang, Apr 28, 2026China's falling marriage rate reflects a fundamental spatial mismatch: as highly educated women sort into big cities with larger service sectors and less educated men concentrate in poorer regions, persistent hypergamous norms leave both groups without suitable local partners.
Housing Wealth and Online Consumer Behavior: Evidence from the Xiong’an New Area in China
Hanming Fang, Long Wang, Yang Yang, Nov 16, 2022We provide new evidence on the causal effects of housing wealth on consumer behavior.
Returnees and Innovation: Evidence from Chinese Publicly Listed Firms
Yibo Qiao, Andrea Ascani, Stefano Breschi, Andrea Morrison, May 28, 2025We investigate the relationship between high-skill returnees and innovation of Chinese publicly listed firms. To this aim, we construct a unique dataset of 2,499 firms over the period 2002–2016 by combining three different data sources (i.e. CNRDS, CSMAR, and LinkedIn). Our results show that different typologies of returnees (employees, technologists, and managers) with different experiences abroad (work versus study) may bring back different skills and impact differently on firm innovation.
