The Becker Friedman Institute for Economics in China (BFI-China) and the Bank for International Settlements (BIS) will co-host a conference with the theme of “Opportunities and Challenges for China and Beyond” on November 17-18, 2023 at the Francis and Rose Yuen Campus in Hong Kong.

The conference will explore how China’s sectoral opportunities and challenges intersect with global dynamics, including but not limited to economic growth, fintech, international finance, and environment. Through panel discussions, keynote speeches, interactive workshops, and networking sessions, this conference will facilitate collaborative efforts and foster a deeper understanding of the headwinds facing China’s economy, and also prospects for the future.

All attendees MUST REGISTER to attend this event. Attendance to this event is by invitation only. If you would like to attend or have any questions, please email


  • Zhiguo He, Fuji Bank and Heller Professor of Finance and Jeuck Faculty Fellow, Chicago Booth; Director, BFI-China
  • Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar, Chicago Booth; Deputy Director of BFI Development Economics Center
  • Frank Packer, Regional Adviser, Bank for International Settlements
  • Tao Zhang, Chief Representative of the BIS office for Asia and the Pacific

Times are listed in local Hong Kong time.


Friday, November 17, 2023

8:00 am–8:30 am

Registration & Breakfast

8:30 am–8:45 am

Welcome Remarks

Mark Barnekow (Executive Director of the Yuen Campus)

Frank Packer (Regional Adviser, Bank for International Settlements)

Session 1: International Finance and Trade, Banking, and ESG

8:45 am–9:45 am

The Anatomy of a Peg: Lessons from China’s Parallel Currencies

Presenter: Ricardo Reis (London School of Economics)

Discussant: Kang Shi (Chinese University of Hong Kong)

9:45 am–10:45 am

ESG Shocks in Global Supply Chains

Presenter: Alminas Zaldokas (Hong Kong University of Science and Technology)

Discussant: Bo Bian (University of British Columbia)

10:45 am–11:15 am


11:15 am–12:15 pm

The Impact of Ownership on Bank Lending: Local Government and Regional Banks in China

Presenter: Wei Wei (University of Chicago)

Discussant: Yi Huang (Fudan University)

12:15 pm–1:30 pm


Session 2: Fintech

1:30 pm–3:00 m

Panel Discussion: Fintech and Financial Stability

Moderator: KC Chan (HKUST, Former Secretary of the Treasury)

Panelists: Howard Lee (HKMA), King Leung (Invest Hong Kong), Tun Lin (Micro Connect)

3:00 pm–3:30 pm


3:30 pm–4:30 pm

Cryptocurrencies: A Marketplace for Capital Flight

Presenter: Clemens Graf von Luckner (Harvard University / Sciences Po) 

Discussant: Anthony Lee Zhang (University of Chicago)

4:30 pm–5:30 pm

Fintech Expansion

Presenter: Jing Huang (Texas A&M University)

Discussant: Jian Sun (Singapore Management University)

Saturday, November 18, 2023

8:00 am–8:30 am


8:30 am–9:30 am

The Law and Economics of Lawyers: Evidence from the Revolving Door in China's Judicial System

Presenter: Shaoda Wang (University of Chicago)

Discussant: Yongxiang Wang (Shanghai Jiao Tong University)

9:30 am–10:30 am

The Value of Bankruptcy Court in Financial Distress: Evidence from Chinese Bond Market

Presenter: Laura Xiaolei Liu (Peking University)

Discussant: Frank Packer (Bank for International Settlements)

10:30 am–11:00 am


11:00 am–12:30 pm

Panel Discussion: Chinese Economy at Crossroads

Moderator: Chang-Tai Hsieh (University of Chicago)

Panelists: Takeo Hoshi (University of Tokyo), Zheng (Michael) Song (Chinese University of Hong Kong), Bernard Yeung (National University of Singapore)

12:30 pm–12:45 pm

Closing Remarks

Zhiguo He (Director of Becker Friedman Institute for Economics in China, University of Chicago)