The 260th Wenlan Financial Forum

Abstract

In recent years, the economic downturn, combined with trade frictions and repeated outbreaks of COVID-19, has significantly increased downward pressure on the real economy, increased local fiscal burdens and highlighted China's debt risk. Under this background, this paper uses cutting-edge network synthesis technology to investigate the cross-regional and cross-industry contagion effects of debt risk. On the basis of this, this paper puts forward some suggestions on improving the disposal mechanism of debt default and preventing debt risk contagion, so as to provide useful decision-making basis for debt risk prevention at present.

Speaker Introduction:

Zihui Yang, Deputy director of the Institute of Advanced Finance of Sun Yat-sen University, professor of Finance Department of Lingnan College of Sun Yat-sen University, doctoral supervisor, was awarded as National Young Talents, Chief expert of Major projects of National Social Science Fund, winner of One hundred Outstanding doctoral dissertations, New Century Outstanding Talents of the Ministry of Education, and leader of first-class undergraduate courses in Guangdong Province. He is also a member of the Board of Directors of the Chinese Society of Finance, Deputy Director of the Finance Teaching Committee of Undergraduate Universities of Guangdong Province, Deputy director and secretary-general of the Expert Committee of Guangdong Society of Finance, and member of the Development Committee of Social Sciences of Sun Yat-sen University. He has been a visiting scholar at the Department of Economics at Stanford University and the Sloan School of Business at MIT.

He has published personal monographs in the Commercial Press, More than 60 papers have been published in  Management Science, Social Sciences in China (English Edition of Social Sciences in China), Journal of Empirical Finance, Journal of Futures Markets, Journal of International Financial Markets, Institutions & Money, Chinese Social Sciences, Economic Research, Management of the World, World Economy, Economics (Quarterly), Journal of Management Science, Financial Research, China Industrial Economics, Statistical Research and other domestic and foreign journals. He has won the following awards as the first (or independent) completer: First Prize of the 8th Higher Education Scientific Research Outstanding Achievement Award (Humanities and Social Sciences), Special Prize of the 9th Philosophy and Social Sciences Outstanding Achievement Award of Guangdong Province, First Prize of the 8th Philosophy and Social Sciences Outstanding Achievement Award of Guangdong Province, Good Article of 2020 (the first edition) of "China Social Sciences", the 9th Zhang Peigang Outstanding Achievement Award of Development Economics, Liu Shibai Economics Award (the fourth and Fifth), the ninth Golden Sheep Award for Financial Books, Excellent Paper of the Management World in 2020, the first Prize for Outstanding financial scientific research Achievements of Guangdong Finance Society. In addition, his master's thesis was awarded the sixth National excellent master's thesis in Finance.