From July 10 to 13, the 2013 China International Conference in Finance (CICF 2013) took place in Shanghai. Nearly 350 domesticoverseas scholars as well as over 200 college students attended the conference, demonstratingexchanging their latest financial research findings.
The PBC School of Finance, Tsinghua University co-organized this year’s conference. Liao Li, Executive Deputy Director of the China Center for Financial Research, Tsinghua UniversityExecutive Associate Dean of the PBC School of Finance served as secretary general of the conference. Also present were Zhao Cen, Associate Dean of the PBC School of Finance; Cao Quanwei, member of the Organizing Committee of CICF 2013;Zhou Hao, Chairman of the Academic Committee of the PBC School of Finance.
As one of the world's most important financial academic conferences, CICF 2013 has drawn wide attention from domesticoverseas financial researchersinsiders. From November 2012, when the call for papers was issued to the global financial world, to the closing of submissions in late February 2013, the conference received 1,228 valid contributions. Upon careful deliberation by over 70 experts on the paper review committee, a total of 264 papers were selected for presentationdiscussion at the conference, including 48 papers in Chinese216 in English.
LIAO Li (2nd L)ZHOU Hao (1st L) discussed with a scholar present
The conference invited Prof. Darrell Duffie of Stanford University for a keynote speech entitled "Fixing the Plumbing of Our Financial System-Uneven Progress". Based on the US financial crisis, he probed into the fixing of financial system plumbing, systematically introducing profitable trade, tri-party repocentral clearing party of banks.
Prof. Darrell Duffie delivered a keynote speech
At the conference banquet & best paper award presentation ceremony, Zhou addressed on behalf of the PBC School of Finance, Tsinghua University (PBCSF). “The coming decade is a prime period for China's financial reformsfinancial policy researches, as well as a rare opportunity for global financial scholars” he said, “The newly established PBCSF is willing to work with global financial scholarsits peers to make due contributions to the development of the Chinese financial cause.”
Zhou addressed the banquet & award ceremony
The conference involved 66 academic sessionspresented three Best Paper Awards to 7 papers, including the "TCW Best Paper Award" for "Insider Trading, Stochastic LiquidityEquilibrium Prices""The Invisible Hand of Short Selling: Does Short Selling Discipline Earnings Manipulation?", the "Xia Yihong Best Paper Award" for "Ex Post Equilibria in Double Auctions of Divisible Assets""Myopic Agency",the "CICF Best Paper Award" for "A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment", "Cultural Proximitythe Processing of Financial Information""Cultural Asset Securitization Pricing Research based on Bass Diffusion Model".
Initiated by the China Center for Financial Research, Tsinghua UniversityMIT Sloan School of Management in 2002, China International Conference in Finance has been held for 11 times to date. With its scale, academic levelindustrial influence reaching a new height, the conference has become one of Asia's largestthe world's most influential financial academic conferences. The conference aims to meet the requirements of China's financial reformsopening up, gear China's financial researchesapplications to international practice,encourage domesticoverseas scholars to look into global financial issues.
