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The Effect of the China Connect

Chang Ma, John Rogers, Sili Zhou, Aug 07, 2024

This article discusses that The China Connect not only introduced new learning channels by improving market efficiency, but also increased domestic firms' sensitivity to global shocks and revealed the policy trade-offs between efficiency and volatility in liberalization.

The Pre-Announcement Drift in China: Government Meetings and Macro Announcements

Jun Pan, Qing Peng, Mar 20, 2024

Confirming Chinese equity market is policy-driven, this study reveals a significant pre-Govt return before top government meetings, akin to the US pre-FOMC drift. It highlights the market's anticipation of these events and their impact on asset pricing, underscoring the centralized financial system in China.

Fertility and Delayed Migration: How Son Preference Protects Young Girls Against Mother–Child Separation

Zibin Huang, Xu Jiang, Ang Sun, Aug 14, 2024

In rural China, the son preference paradoxically reduces the likelihood of early mother-child separation for girls, while boys are more prone to such separation.

Monetary Policy in China: A Trade-Off Between Transmission and Stability?

Kaiji Chen, Yiqing Xiao, Tao Zha, Sep 24, 2025

We explore how China’s shift toward interest-rate-based monetary policy faces an inherent trade-off. When non-state banks turn to wholesale funding, monetary policy easing is transmitted more effectively to productive firms, but the banking system also becomes more fragile in economic downturns. Our findings suggest that China’s regulators must strike a careful balance between achieving policy effectiveness and safeguarding financial stability.

Why Are So Many Young Women Moving to China’s Big Cities?

Yumi Koh, Jing Li, Yifan Wu, Junjian Yi, Hanzhe Zhang, Dec 03, 2025

It’s not just about jobs. It’s also about love, status, and the marriage market.