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Visible Hands: Professional Asset Managers’Expectations and the Stock Market in China

John Ammer, John Rogers, Gang Wang, Yang Yu, Aug 02, 2023

Mutual funds have become an important type of private institutional investor in Chinese security markets, with assets under management exceeding $3 trillion.

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.

Environmentally Inclined Politicians and Local Environmental Performance:Evidence from Publicly Listed Firms in China

Hanming Fang, Honglin Ren, Danwen Song, Nianhang Xu, May 31, 2023

We investigate whether and how environmentally inclined politicians (EIPs), i.e., politicians with prior environment-related work experience, affect local environmental performance in China.

Has COVID-19 permanently changed the nature of economic shocks on the Chinese economy?

Kaiji Chen, Patrick Higgins, Tao Zha, Apr 10, 2024

In latest study, Kaiji Chen and his colleagues at Emory University investigated the impact of COVID-19 on the Chinese economy. Through the construction of a GDP expenditure dataset and the application of SVAR modeling, they found that the constrained consumption shock during the pandemic significantly affected China's economy and may potentially alter its economic shock nature permanently.

Government Deleveraging and Non-SOE Liquidity Squeeze: Evidence from Subnational Debt and Government Contractors

Jiayin Hu, Songrui Liu, Yang Yao, Zhu Zong, May 15, 2024

China's deleveraging policies have inadvertently exacerbated the financial liquidity pressure on non-state-owned enterprise (non-SOE) contractors, revealing the potential adverse impact of government fiscal consolidation on private enterprises.