Welcome! I am an Associate Professor of Finance (with tenure) at the National School of Development (NSD) , Peking University, which I joined in July 2019. I am also a Faculty Associate with the Institute of Digital Finance (IDF) and the China Center for Economic Research (CCER) at Peking University.

My research interests are FinTech, banking, household finance, and applied corporate finance. I'm particularly interested in the role played by financial innovations of Big Tech platforms, such as FinTech-payment-enabled MMFs, Buy-Now-Pay-Later credit, and AI investment assistants. I ask how FinTech competition shapes the banking industry and what the implications are for monetary policy transmission and financial stability. More broadly, I examine how new technologies change the way people work and live in the digital economy.

My research topics also include shadow banking and local government debts in China. I investigate the impact of local governments' borrowing constraints on the private sector, such as how government deleveraging affects the financial conditions of procurement supplier firms and how judicial reform affects local governments' borrowing capacity when multiple counterparties are involved.

I received my Ph.D. degree from the Department of Economics at Columbia University in May 2019 and my Bachelor's degree from the School of Economics and Management at Tsinghua University in July 2014.