Professor Guochao Yang, a researcher of the Base, has published a collaborative paper titled "Research on the Effectiveness of China's Lending Facility -- Evidence from Bank Credit Issuance" in  China Economic Journal

Abstract:

Based on the data of China's banking industry, this paper investigates the influence of lending facilities on commercial banks' loan issuance and its mechanism by using the method of differential difference. It is found that the loan facility can play a role through the qualified collateral channel of commercial banks, which significantly improves the loan issuance scale of commercial banks, and this role is increasing with the passage of time. The research findings of this paper have proved for the first time that Chinese lending facility tools can play a role in promoting credit through commercial banks' qualified guarantee channels, and provided new empirical evidence for the effectiveness of Chinese lending facility tools, which has important implications for improving our lending facility operation.

Key Words: loan facility; Qualified collateral; The size of loans;

Link: http://nsd.pku.edu.cn/docs/20221227151835877768.pdf

Teacher profile

Guochao Yang, Professor and doctoral supervisor of Accounting School of Zhongnan University of Economics and Law, Director of Big Data Center of "Income Distribution and Modern Financial Discipline Innovation and Introduction Base" of Ministry of Education and Ministry of Science and Technology, Wen LAN Young Scholar, PWC "Siliu Young Scholar", international high-end accounting talents of Ministry of Finance, Doctor of Department of Finance and Finance of School of Management of Fudan University, Certified Public accountant in Canada and China. His research interests are institutional and non-institutional factors in stock market, bond market and public policy. His papers have been published in Economic Research Journal, Management World, China Economic Journal, The Journal of World Economy, Journal of Management Sciences in China, Chinese Industrial Economics, Journal of Financial Research, Accounting Research , China Economic Quarterly International Journal of Accounting Studies and other authoritative academic journals at home and abroad. He has won the Hong Yinxing Economics Award (Youth), the Best Paper of the Year Award of PwC3535 Forum, and China Financial Research The Best Paper Award of Conference (CFRC), the First Prize of Social Science Outstanding Achievements of Hubei Province, the first prize of Social Science Outstanding Achievements of Wuhan City, the National MPAcc Excellent Teaching Cases and the Fine Courses Award of Ping An Education Fund of China, etc. As the leader of major projects of the National Social Science Fund, he presided over key projects of the National Social Science Fund, youth projects of the National Self-Science Fund, youth projects of the Humanities and Social Science Fund of the Ministry of Education and a number of projects in Hubei Province.