At the beginning of 2026—marking the launch of the 15th Five-Year Plan period and a pivotal stage in accelerating the development of China into a financial powerhouse—Tsinghua University PBC School of Finance (Tsinghua PBCSF) welcomes the addition of a distinguished faculty member. Professor Shi Kang, an internationally recognized scholar in the field of international macro-finance, has officially joined the School as a Chair Professor. His appointment represents an important step in implementing the guiding principles of the Central Financial Work Conference and advancing high-quality economic development and financial reform and innovation. It aims to strengthen intellectual and talent support for enhancing finance’s role in serving the real economy and addressing major national strategic priorities and pressing challenges.
Professor Shi is a senior scholar with significant international influence in international macro-finance. Prior to joining Tsinghua PBCSF, he served as Professor at The Chinese University of Hong Kong. His long-standing research focuses on open-economy macroeconomics, with pioneering contributions addressing critical theoretical and practical issues, including global capital flow imbalances, the evolution of the international monetary system, and China’s high-level opening-up. His innovative framework on current account theory has provided important analytical tools for understanding structural challenges in both the global and Chinese economies. His research on the U.S. dollar dominance paradigm offers forward-looking perspectives for managing external financial risks and safeguarding economic security. Professor Shi has published extensively in leading international academic journals, including Journal of Monetary Economics and Journal of International Economics, and currently serves as Co-Editor of China Economic Review. His research has received prestigious awards such as the Pushan Academic Research Award and the Sun Yefang Financial Innovation Award, reflecting the academic value of theoretical exploration grounded in real-world relevance.
Professor Shi’s distinguished contributions extend beyond theoretical innovation to impactful policy engagement. He has served as Visiting Research Fellow at the Hong Kong Institute for Monetary and Financial Research under the Hong Kong Monetary Authority and as Visiting Scholar at the Research Bureau of the People’s Bank of China. He has participated extensively in major policy research projects and advisory initiatives for institutions including the People’s Bank of China, Office of the Central Financial and Economic Affairs Commission, and the Research Office of the State Council. His research spans key areas such as coordination between monetary and fiscal policy, interest rate liberalization reform, and improvements in macroeconomic governance effectiveness. During critical junctures—such as the introduction of the 2024 comprehensive stimulus package—he provided authoritative analysis through mainstream media platforms, helping guide market expectations and demonstrating the constructive role of scholars in strengthening policy communication and expectation management. His policy recommendations have been included in high-level internal policy reports such as the National High-End Think Tank Monthly Report, serving as a bridge between academic research and policymaking practice.
In talent development, Professor Shi brings over 20 years of teaching experience. While at The Chinese University of Hong Kong, he established the highly regarded Tsinghua University–CUHK Undergraduate Dual Degree Program in Economics, demonstrating outstanding capabilities in curriculum design and cross-institutional collaboration. To date, he has supervised dozens of doctoral and master’s students, whose graduates are widely employed in universities and research institutions as well as research departments within the financial industry. His teaching integrates frontier international theories with China’s practical development, guiding students to focus on major national strategies, priority sectors, and structural weaknesses, thereby cultivating future financial professionals equipped to support high-quality development.
Professor Shi’s appointment marks an important step in strengthening the School’s high-level talent pool and enhancing its capacity to serve national financial governance. His academic leadership and expertise in policy research will further support the School in building a core think tank dedicated to advancing the development of a financial powerhouse. In areas such as improving capital market functions, optimizing financial structure, and coordinating financial development and security, his contributions are expected to generate significant intellectual impact. His joining will also promote interdisciplinary curriculum development and talent cultivation in key areas of national financial strategy. Looking ahead, Tsinghua PBCSF will continue to focus on national priorities, deepen frontier research in finance, and contribute further wisdom and strength to stable economic growth and high-quality development during the 15th Five-Year Plan period.
