Institution(s): Hong Kong Institute for the Humanities and Social Sciences, Hong Kong Institute of Economics and Business Strategy

Date: Oct 18, 2010 (Monday)

Time: 06:00 pm -

Venue: Room 103, 1/F., Meng Wah Complex, The University of Hong Kong

Admission: Free of charge

Enquiries: Miss Natalie Wong, Tel: 2241-5011, Email:


China's economy has enjoyed 30+ years of fast economic growth. This has occurred despite low institutional quality and lagging political reforms. What has made China's growth possible? Does the fact that China's economy has grown faster than India's even though India has better democratic and legal institutions reject the central claims made by institutional economics? How did China come out of the recent financial crisis as an overall winner? The future of the Chinese economy looks increasingly more uncertain. How long can growth continue for China? These will be among the questions to be addressed.


Prof. Chen Zhiwu is an expert on finance theory, securities valuation, emerging markets, and China's economy and capital markets. He has published in numerous prestigious economics and finance journals, including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, American Economic Review, Journal of Business, and Journal of Economic Theory, as well as printed media such as The Wall Street Journal, The New York Times, The Boston Globe, Barron's, and Far-Eastern Economic Review.


Prof. Chen is an influential economist in China, among both intellectuals and policy-makers. His book, The Logic of Finance (2009), has been among the best sellers in China since September 2009 and has received more than 25 different book awards in China and Hong Kong. He has published four other books in Chinese, Why Are the Chinese Industrious and yet not Rich? (2008), Irrational Overconfidence (2008), How is Wealth Created? (2005) and Media, Law and Markets (2005). Prof. Chen won the prestigious Merton Miller Prize in 1996 for his research on demographic changes and their impact on financial markets. He also received the Chicago Board Options Exchange Competitive Research Award in 1996 for his research on the Japanese stock market and related derivatives products. Prof. Chen has also been active in portfolio management since early 1992. In particular, he is very successful in translating his expertise on the theory of stocks, bonds, options and futures into "real market" applications.