Peking University HSBC Business School

08/05/2026

What drives economic growth during credit expansions — households or firms?

Using evidence from U.S. bank deregulation in the 1980s, new research co-authored by PHBS Assistant Professor Yicheng Wang finds that the firm channel accounts for around 71% of the impact on output and employment, as lower borrowing costs enable firms to invest and expand. The household channel contributes about 27%, mainly through consumption and early-stage effects.

Read more at the link in our bio 📎

06/05/2026

29/04/2026

PHBS international students recently visited Zhongshan, exploring how this historic city is carving out its role within the Greater Bay Area.

The trip began at the Museum of Dr. Sun Yat-sen, offering a glimpse into Zhongshan’s cultural roots. Students then visited a mix of industrial parks and innovation hubs, including Perfect (China) South China Base and Zhongshan Scientist Town, where they observed activity across manufacturing, healthcare, and local entrepreneurship initiatives.

Reflecting on the visit, Daniel (Economics, 2025 Intake) shared:
“This made me realize how much more there is to the Pearl River Delta beyond Shenzhen, Guangzhou, and Hong Kong.”

22/04/2026

Join us for the PHBS UK Conference on the Frontiers of AI in Economics on 15 May 2026 in Oxfordshire, UK.

Explore research at the intersection of AI, economics, and finance with world-renowned scholars, including Nobel laureate Prof. Thomas Sargent.

Organized by Peking University HSBC Business School UK Campus and the Sargent Institute of Quantitative Economics and Finance (SIQEF), the conference welcomes researchers, students, and practitioners.

Registration is now open: https://mp.weixin.qq.com/s/2w-4ecmdJB1ksQYSy6CETg

17/04/2026

The UK Conference on the Frontiers of in Economics now welcomes registration. 📈 It is designed to address the reform and development needs brought by artificial intelligence in economics while actively promoting academic research and international exchange.

Hosted by the PHBS Sargent Institute of Quantitative Economics and Finance and the Peking University HSBC Business School UK Campus, the conference brings together renowned scholars and researchers to discuss frontier questions across economics, finance, and statistics. Confirmed scholars include Prof. Thomas Sargent, the 2011 Nobel Laureate in Economics and Honorary Director of the Sargent Institute of Quantitative Economics and Finance (SIQEF), PHBS; Ramon Marimon, Emeritus Professor of Economics at the European University Institute; and others.

Learn more about the conference:
https://mp.weixin.qq.com/s/2w-4ecmdJB1ksQYSy6CETg?scene=1

Peking University HSBC Business School

15/04/2026

Sometimes all it takes is to see things differently. ✨

Photos by: PKU Shenzhen

14/04/2026

New research co-authored by PHBS Tenured Associate Professor Seungjoon Oh explores how mandatory disclosure of clinical trial results shapes firms’ R&D decisions. The findings show that firms learn from peers’ failures and terminate high-risk projects earlier, leading to more selective innovation—improving quality while reducing quantity.

Read more at: https://doi.org/10.1017/S002210902400084X

14/04/2026

A Day Around the World at PHBS 🌍 | International Culture Day 2026

13/04/2026

Strength, resilience, and team spirit defined the 5th PHBS Sports Day 💪

Nearly 1,000 students, faculty, staff, and alumni took part across 21 events — including track races, tug of war, rowing, frisbee, and team challenges — giving their all along the way. On and off the field, PHBSers performed at their best, showing that sport builds character, team spirit, and the thrill of competition.

13/04/2026

Students at the PHBS UK Campus recently visited Fuller‘s Brewery to explore the story behind one of Britain’s historic beer brands. During the guided tour, they got an inside look at the brewing process and discovered how production methods have evolved over time.🍻

02/04/2026

Some places bring the world closer to you. This is one of them. 🩷🌍