Hosted by. June 12, 2015

Transcription

1 International Conference on Innovations and Global G Economy Hosted by College of Economics, Zhejiang University Alibaba Group Research Centre Centre for Finance and Development Geneva Graduate Institute off International and Developmentt Studies June 12, 2015 Alibaba Headquarter, Hangzhou, China Schedule 8:30 9:30 9:30 9:45 Alibaba Tour and Introduction on Ecommerce eco system off Alibaba Jing Xu Public Affairs Expert of Alibaba Group Opening Remarks Xianhai Huang Executive vice Dean of the College of Economics, Zhejiang University Jean Louis Arcand Director of the Centre for Finance and Development Graduate Institute, Geneva 9:45 10:30 Session Chair: 10:30 11:00 11:00 11:15 Keynote Speech Fabrizio Zilibotti President of the European Economic Association University of Zurich andd CEPR Session I Shiyuan Pan Associate dean of the College of Economics, Zhejiang University The Economics and Policy Implications of Bitcoinn Alexander Swoboda Graduate Institute, Geneva Coffee break

2 11:15 11:45 Capital Market Laws and Corporate Innovation Chen Lin Director, Centre for Financial Innovation and Risk Management Associate Dean, Faculty of Business and Economics, University of Hong Kong 11:45 12:15 Does Money really talk? Evidences from Reward for Feedback Mechanism in Alibaba's C2C Platform Lingfang Li Fudan University 12:15 13:30 Lunch Session Chair: Yi Huang Graduate Institute, Geneva Session II 13:30 14:00 More Export Less Innovation? Shiyuan Pan Zhejiang University 14:00 14:30 Export, Innovation and Profitability: Evidence from Chinese Manufacturing Firms Linhui Yu Zhejiang University 14:30 14:45 Coffee break 14:45 15:15 Internet + Innovation Kun Wu Alibaba Group 15:15 15:45 Technological Progress and Ownership Structure Harald Hau Deputy director of the Geneva Finance Research Institute (GFRI) Swiss Finance Institute and CEPR 15:45 16:45 Panel Discussion: Dehua Fang (Alibaba Group), Jiandong Ju (Shanghai University of Finance and Economics), Yiping Huang (Beijing University), Fabrizio Zilibotti (University of Zurich), Alexander Swoboda (Graduate Institute, Geneva) 16:45 17:00 Closing Remarks Hongbing Gao Vice President of Alibaba Group Director of Alibaba Research Institute Switzerland Embassy (TBA)

3 Introduction to speakers Jean-Louis Arcand Professor Jean-Louis Arcand is Director of the Centre for Finance and Development, Professor of International Economics and Head of the PhD Programme in Development Economics at the Graduate Institute of International and Development Studies in Geneva, which he joined in From 2009 to 2012 he was chair of Development Studies. He is a Founding Fellow of the European Union Development Network (EUDN), a Senior Fellow at the Fondation pour les études et recherches en développement international (FERDI), and Visiting Professor at the Hanqing Advanced Institute of Economics and Finance at Renmin University of China in Beijing. He was assistant and then Associate Professor at the University of Montréal, and Professor at the Centre d'etudes et de Recherches en Développement International (CERDI). He holds a PhD in Economics from the Massachusetts Institute of Technology (MIT), Cambridge, MA, USA, where his thesis advisors were Richard Eckaus, Peter Temin and Paul Krugman. His research focuses on the microeconomics of development, with a current focus on impact evaluations of social programs in West Africa and the Maghreb, as well as on the Chinese economy. Professor Jean-Louis Arcand has been a consultant to the World Bank, the FAO, the UNDP, the Gates Foundation and several national governments. He is currently leading multi-year impact evaluations in several countries, with the topics being investigated ranging from peer mentoring to fight HIV-AIDS, to capacity-building in rural producer organizations to foster food security. Dehua Fang Mr. Dehua Fang is the expert on Internet banking of Aliresearch. Before joining Alibaba group, he had worked for the People s Bank of China for 8 years and then took a job in the Sinosure (China Export & Credit Insurance Corporation), China s only state-funded policy-oriented insurance company. Hongbing Gao Mr. Hongbing GAO is the Vice President of Alibaba Group, Director and senior researcher of Alibaba Research Institute and Policy Research Department. He is also a council member and distinguished researcher of the Center for Informatization Study of Chinese Academy of Social Sciences, Professor for Zhejiang Provincial Party School and China Executive Leadership Academy (Pudong), an initiator and member of Information Society Forum 50 and Wefinance 50 Forum in China. Mr. Gao has been deeply involved in China s Internet development since the early stage. Before joining Alibaba, he used to be the CEO and partner of an Internet consulting company in Beijing and carried out more than 10 major research projects on China s Internet policies and development strategies for various Ministries of Chinese central government, including Publicity Department of CPC Central Committee, National Development and Reform Commission, Ministry of State Security, Ministry of Industry and Information Technology, State intellectual Property Office, etc. He had been the policy and strategic advisor for Huawei, Tencent, Baidu, Alibaba, etc. Mr. GAO had founded and managed the first large-scale Internet Data Center in China at the time, which obtained 30 million USA dollars of venture capital. Before 2000, Mr. GAO had successively worked in Ministry of Electronic Industry, State Council Informatization Office, and Ministry of Information Industry, played an important role in researching and drafting China s informatization development strategy, and had an in-depth

4 involvement in designing and formulating China s Internet regulatory framework and Internet-related laws, regulations and policies. Harald Hau Harald Hau is a Professor of Economics and Finance at the Geneva School of Economics and Management (GSEM) of the University of Geneva, the deputy director of the Geneva Finance Research Institute (GFRI) and holds a senior chair at the Swiss Finance Institute (SFI). His research interests are in international finance, financial markets and financial stability. After his Ph.D. at Princeton University in 1996 with Kenneth Rogoff as thesis advisor, he first taught at the French business school ESSEC and from 2001 to 2011 at INSEAD in Fontainebleau and Singapore. He was a visiting professor at the University of California, Berkeley, a visiting scholar at the International Monetary Fund, the Wim Duisenberg Fellow at the European Central Bank and a research fellow at the Hong Kong Institute for Monetary Research. He is a fellow at the Center for Economic Policy Research (CEPR) and the Center for Economic Studies (CES). In his research, he contributes to academic and professional journals such as the American Economic Review, Review of Financial Studies, Journal of Finance, Journal of Financial Economics, Economic Policy, and others. Xianhai Huang Professor Xianhai Huang is the executive vice dean of the College of Economics at Zhejiang University and ChangJiang distinguish Professor in Economics granted by the Ministry of Education. Professor Xianhai Huang's research fields are international economics and development economics. His publications include Leapfrogging-oriented Economic Growth: Developing Paths of the Backward Countries and China s Choice and other seven co-work papers. He has published more than60 papers in Economic Research Journal, Management World and many such related journals. As project leader, Professor Xianhai Huang has taken charge of 12 state-level research projects and provincial level research projects sponsored by Nature Science Foundations of China. Professor Xianhai Huang was awarded Social Science Prize honored by Zhejiang Province Government in Dec and the International Trade Award (The 4th) by the National International Trade Ministry of China in Yiping Huang Professor Yiping Huang is professor of economics/deputy dean at the National School of Development and director of the Research Center for Internet Finance, Peking University. His research focuses mainly on macroeconomic policy and financial reform. He is the Rio Tinto Adjunct Professor in the Chinese Economy at the Australian National University, a member of the China Finance 40 Forum and a member of the Chinese Economists 50 Forum. He is also Editor of China Economic Journal and an Associate Editor of Asian Economic Policy Review. Currently he serves as independent director of China Life Insurance Ltd, Minmetal Trust and Alibaba s Mybank. Previously, Prof. Huang was a policy analyst at the Research Center for Rural Development of the State Council, research fellow and senior lecturer of economics at the Australian National University, General Mills International Visiting Professor of Economics and Finance at the Columbia Business School, Managing Director and Chief Asia Economist for Citigroup, Chief Economist for Caixin Media Group, and Managing Director and Chief Economist for Emerging Asia for Barclays. He received his Bachelor of Agricultural Sciences (Agricultural Economics)

5 from Zhejiang Agricultural University, Master of Economics from Renmin University of China and PhD in Economics from Australian National University. Yi Huang Professor Huang is assistant professor of international economics and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies. Prof. Huang was an economist in the Research Department of the IMF and a research associate of Globalization and Monetary Policy Institution in the Federal Reserve Bank of Dallas. He also has been a visiting PhD student at the UC- Berkeley and a research fellow at the Hong Kong Institute for Monetary Research as well as the visiting assistant professor at the London Business School. Prof. Huang also serves at the Council on Global Economic Imbalances at the World Economic Forum. Professor Huang s research consists of international economics, finance, financial economics and emerging market economies. His recent research focuses on the influence of corporation s financing and investment to financial market and labor market. Professor Huang gained his Master s degree from the China Center for Economics Research, Peking University, and his Ph.D. in International Macroeconomic and Finance from the London Business School. Lingfang Li Professor Lingfang Li is associate professor of Department of Industrial Economics, Fudan University. Her research interests include Information Economics, Industrial Organization, Applied Game Theory, Behavioral economics. She received her Ph.D. in Economics from University of California, Irvine. She worked as an assistant professor in University of Louisville, and an associate professor in Shanghai University of Finance and Economics. Her papers are published are published in Management Science, Decision Sciences, Journal of Economics and Management Strategy, etc. She currently serves as the associate editor of Decision Support Systems. Chen Lin Professor Chen Lin joined the University of Hong Kong as a Chair Professor of Finance at the School of Economics and Finance in Before joining HKU, he was on the faculty team of the Department of Finance at the Chinese University of Hong Kong (CUHK). He received his Ph.D. (2006) from Warrington College of Business Administration, University of Florida. His research interests include banking and financial institutions, corporate finance, financial contracting, financial regulation, and development economics. His papers are published or forthcoming in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Accounting Research, Management Science, Journal of Public Economics, Journal of Development Economics, Journal of Corporate Finance, Journal of Banking & Finance, Journal of Risk and Insurance, Journal of International Money and Finance, Journal of Comparative Economics, Journal of Regulatory Economics, Review of Industrial Organization, and others. His papers also received various awards such as the Jensen Prize (First Prize) for the Best Papers Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations, the Chicago Quantitative Alliance Asian Academic Competition Research Paper Award, the Hong Kong Asian Capital Market Research Prize awarded by CFA Institute and HKSFA, and two Best Paper Awards at the 9th International Conference on Asia-Pacific Financial Markets. He currently serves on the editorial boards of Journal of Comparative Economics and Journal of Financial Economic

6 Policy. He is the Principal Investigator of several RGC Competitive Earmarked Research Grants and a Co-Principal Investigator of a RGC Theme-based Research Grant, the first large-scale, theme-based business research grant in Hong Kong. Jiandong Ju Prof. Jiandong Ju is the dean of International School of Business and Management at Shanghai University of Finance and Economics as well as professor of economics at Tsinghua University. Professor Ju has been an Assistant, Associate Professor (with tenure), and Professor of Economics at University of Oklahoma, USA, since He was also a Resident Scholar from 2007 to 2009 in Research Department, International Monetary Fund, and a Consultant in the World Bank. He received his B.S. in Mathematics in 1982 from Nanjing University, M.S. in Economics in 1988 from School of Economics and Management, Tsinghua University, and Ph.D. in Economics in 1982 from Pennsylvania State University. Course Taught: Advanced International Trade. Prof. Ju s main research areas include International Trade, International Finance, and Industrial Organization. He has published papers in top academic journals, including American Economics Review, American Economic Journal", Journal of International Economics, etc. He participated in many research projects for the World Bank and the International Monetary Fund (IMF) as the project leader. Shiyuan Pan Professor Shiyuan Pan received his Ph.D. in Economics from Zhejiang University. Professor Pan is the deputy director of Institute of Economics, and the Vice-Dean of College of Economics, Zhejiang University. Professor Pan s research fields are growth theory and political economy. Kun Wu Mr. Kun Wu is the senior expert of Aliresearch Center, executive chief editor of Ali Business Review, used to be Deputy Chief Manager of Baidu Public Affairs, researcher of Baidu Development and Research Center, used to be Deputy Chief of Beijing Press Office and the head of Protocol Division of Beijing Olympic Media Center. Alexander Swoboda Professor Alexander Swoboda is Professor of International Economics Emeritus and former Director of the Graduate Institute of International and Development Studies. He was also a professor of economics at the University of Geneva, has taught at the Graduate School of Business of the University of Chicago, and has held visiting Professorships at the London School of Economics, the John Hopkins School of Advanced International Studies in Bologna, the University of Lausanne, and Harvard University. The Founding Director of the International Center for Monetary and Banking Studies and currently a member of its governing board, Professor Swoboda is a past President of the Swiss Society for Economics and Statistics and was director or co-director of a number of major international research projects bearing, among others, on open economy macroeconomics and the monetary approach to the balance of payments. He was Senior Policy Advisor in the Research Department of the IMF from mid-1998 to January Professor Swoboda served as a member of the Council of the Swiss National Bank from 1997 to 2009 and as a member of its Risk and Nomination committees for the last four years of his tenure. He currently serves on the board of a number of companies and non-profit foundations and

7 is or has been an occasional consultant or adviser to private financial, governmental and international institutions (including the IMF, the World Bank and central banks). His current interests include issues related to monetary and macroeconomic policy coordination within and between currency areas, international financial stability and regulation, the role of IFIs as well as new developments in financial technology (e.g. virtual currencies) and their policy implications. He has published widely in these areas. A Swiss citizen, Professor Swoboda holds a B.A., M.A, and Ph.D from Yale University. Jing Xu Mr. Jing Xu is currently responsible for public affairs in the Alibaba Group specifically for the Group s globalization strategy. Before joining Alibaba, he worked in Tesla China, responsible for government affairs in helping the US company s initial development in China. From 2005 to 2014, he worked in the Chinese ministry AQSIQ, responsible for Non-Tariff Barriers (NTB) affairs of China under the framework of the World Trade Organization (WTO). He was directly involved in several Free Trade Agreement (FTA) negotiations and implementation between China and its trading partners such as Singapore, Australia, Norway, Pakistan, the Gulf countries, amongst many others. With rich knowledge and experience in NTB and policy making, he was chosen to go to the European Commission (DG-ENTR) as a government intern in He was a Chevening Scholar funded by the UK government in He holds a B.S. in chemistry in Peking University and an MPhil Degree in Technology Policy in University of Cambridge in the UK. Linwei Yu Professor Linwei Yu is associate professor of School of Economics, Zhejiang University. He received his Ph.D. from Hong Kong University. His research interests include international trade, empirical IO, urban economics, and the Chinese economy. Fabrizio Zilibotti A former Professor of Economics at University College London and at Stockholm University, Fabrizio Zilibotti currently holds the Chair of Macroeconomics and Political Economy of the Department of Economics at the University of Zurich. He is the President Elect of the European Economic Association (of which he will become President in 2016). He is the Scientific Director and Deputy Director of the UBS International Center of Economics in Society. He is a joint recipient of the Yrjo Jahnsson 2009 award from the European Economic Association and the Sun Yefang 2012 Award from the Chinese Academy of Social Sciences (prize granted for the paper "Growing Like China"). He is a designated co-editor of Econometrica (in office as of ), the former chief editor ( ) of the Journal of the European Economic Association, a former director and managing editor ( ) of the Review of Economic Studies, and an Associate Editor of the Journal of Economic Growth and of China Economic Review. He has been the Principal Investigator of an ERC Advanced Grant. He is a director of the NBER Economic Fluctuations Group on Income Distribution and Macroeconomics. He is a Fellow of the Econometric Society, EEA, CEPR and CESifo. His research interests include economic growth and development, political economy, macroeconomics, and the economic development of China. He has published papers in all top-five journals in economics: American Economic Review, Econometrica, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies. In addition, he has published papers (among others) in several top-field journals.

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