18 October 2025

9:00-9:10

Opening Ceremony:   Speech by Organizer + Group Photo

Speech by Lin Ping,   Dean, School of Economics, Shandong University

9:10-9:50

Keynote Speech: Banks   and Climate Risks

Allen Berger, Chair   Professor, Darla Moore School of Business, University of South Carolina, USA;   Chair: Zhang Qunzi, Professor, School of Economics, Shandong University

9:50-10:30

Keynote Speech:   Implications of Financial Governance Ethics: Inheriting Excellent Traditional   Chinese Culture and Constructing Contemporary Chinese-characteristic   Financial Culture

Hu Jinyan, Professor,   Secretary of the Party Committee, Qingdao University; Chair: Fan Xiaoyun,   Professor, School of Finance, Nankai University

10:30-10:40

Tea Break

-

10:40-11:20

Keynote Speech:   Technological Innovation Function of Monetary and Credit Policies

Cao Tingqiu,   Professor, School of Economics, Shandong University; Chair: Chang Dongfeng,   Professor, School of Economics, Shandong University

11:30-12:00

Seminar with Professor   Allen Berger

Venue: B321, Zhixin   Building, Central Campus, Shandong University; Chair: Jiang Mingming,   Professor, School of Economics, Shandong University

12:00-14:00

Lunch

-

18 October 2025

14:00-14:25

Paper Presentation:   Government Guarantees, Credit Multiplier, and Financial Fragility

Liu Zehao, Professor,   School of Finance, Renmin University of China; Chair & Discussant   Coordinator: Peng Yuchao, Professor, School of Finance, Central University of   Finance and Economics

14:25-14:35

Discussant Comment

Zhang Renbin,   Associate Professor, School of Economics, Shandong University

14:35-14:40

Free Discussion

-

14:40-15:05

Paper Presentation:   How Small and Medium-sized Banks Do a Good Job in Inclusive Finance: Social   Responsibility or Profit-seeking with Morality?

Song Zhequan,   Lecturer, School of Economics and Trade, Henan University of Technology

15:05-15:15

Discussant Comment

Li Dongxu, Associate   Professor, School of Economics, Xiamen University; Wang Yanan Institute for   Studies in Economics

15:15-15:20

Free Discussion

-

15:20-15:30

Tea Break

-

15:30-15:55

Paper Presentation:   Trademark Protection and Firm Boundaries: A Competition Neglect Perspective

Li Dongxu, Associate   Professor, School of Economics, Xiamen University; Wang Yanan Institute for   Studies in Economics

15:55-16:05

Discussant Comment

Zhou Si, Associate   Professor, School of Economics and Management, University of Science and   Technology Beijing

16:05-16:10

Free Discussion

-

16:10-16:35

Paper Presentation:   Biodiversity Risks and Global Lending: Balancing Corporate Effort and Country   Governance

Zhou Si, Associate   Professor, School of Economics and Management, University of Science and   Technology Beijing; Chair & Discussant Coordinator: Liu Zehao, Professor,   School of Finance, Renmin University of China

16:35-16:45

Discussant Comment

Lai Shaojie, Associate   Professor, School of Finance, Jiangxi University of Finance and Economics

16:45-16:50

Free Discussion

-

16:50-17:15

Paper Presentation:   Air Quality and Housing Speculation: Evidence from Regulatory Changes

Lai Shaojie, Associate   Professor, School of Finance, Jiangxi University of Finance and Economics

17:15-17:25

Discussant Comment

Song Zhequan,   Lecturer, School of Economics and Trade, Henan University of Technology

17:25-17:30

Free Discussion

-

18 October 2025

14:00-14:25

Paper Presentation:   How Debt Swap Alleviates Capital Misallocation

Ruan Rui, Associate   Professor, China Collaborative Innovation Center for Fiscal Development,   Central University of Finance and Economics; Chair & Discussant   Coordinator: Shi Zhan, Associate Professor, PBC School of Finance, Tsinghua   University

14:25-14:35

Discussant Comment

Qian Xianhang,   Professor, School of Economics, Shandong University

14:35-14:40

Free Discussion

-

14:40-15:05

Paper Presentation:   China's Corporate Bond Market: A Transaction-level Analysis

Hu Yue, Assistant   Researcher, Antai College of Economics and Management, Shanghai Jiao Tong   University

15:05-15:15

Discussant Comment

Zhu Feifei, Associate   Professor, School of Finance, Central University of Finance and Economics

15:15-15:20

Free Discussion

-

15:20-15:30

Tea Break

-

15:30-15:55

Paper Presentation:   Study on Local Government's Enterprise Rescue Decision under Debt Pressure

Zhu Feifei, Associate   Professor, School of Finance, Central University of Finance and Economics;   Chair & Discussant Coordinator: Gao Wuyu, Professor, School of Finance,   Renmin University of China

15:55-16:05

Discussant Comment

Ruan Rui, Associate   Professor, China Collaborative Innovation Center for Fiscal Development,   Central University of Finance and Economics

16:05-16:10

Free Discussion

-

16:10-16:35

Paper Presentation: A   Model of Supplier Finance

Hu Bo, Associate   Professor, School of Economics, Fudan University

16:35-16:45

Discussant Comment

Hu Yue, Assistant   Researcher, Antai College of Economics and Management, Shanghai Jiao Tong   University

16:45-16:50

Free Discussion

-

16:50-17:15

Paper Presentation:   Corporate Basis and Demand for U.S. Dollar Assets

Shi Zhan, Associate   Professor, PBC School of Finance, Tsinghua University

17:15-17:25

Discussant Comment

Hu Bo, Associate   Professor, School of Economics, Fudan University

17:25-17:30

Free Discussion

-

19 October 2025

8:30-8:55

Paper Presentation:   How Platform Mergers Empower Traditional Industries: From the Perspective of   Labor Employment

Feng Xu, Professor,   School of Management and Economics, Tianjin University; Chair &   Discussant Coordinator: Chen Zhuo, Associate Professor, PBC School of   Finance, Tsinghua University

8:55-9:05

Discussant Comment

Li Zhaorui, PhD, Hong   Kong University of Science and Technology

9:05-9:10

Free Discussion

-

9:10-9:35

Paper Presentation:   Information Acquisition and the Finance-Uncertainty Trap

Li Zhaorui, PhD, Hong   Kong University of Science and Technology

9:35-9:45

Discussant Comment

Fang Tong, Associate   Professor, School of Economics, Shandong University

9:45-9:50

Free Discussion

-

9:50-10:30

Paper Presentation:   Implicit Government Guarantees and Bank Loan Pricing: Evidence from Chinese   SOE Bond Default

Sun Jian, Professor,   School of Accounting, Central University of Finance and Economics

10:30-10:40

Discussant Comment

Zheng Bowen, Lecturer,   School of Finance, Zhejiang University of Finance and Economics

10:40-10:45

Free Discussion

-

10:30-10:40

Tea Break

-

10:40-11:05

Paper Presentation:   Uncertainty Shocks, Commercial Bank Expectation Guidance and Macroeconomic   Governance

Zheng Bowen, Lecturer,   School of Finance, Zhejiang University of Finance and Economics

11:05-11:15

Discussant Comment

Chen Guodong,   Assistant Professor, New York University Shanghai

11:15-11:20

Free Discussion

-

11:20-11:45

Paper Presentation:   Common Ownership and Firm Performance: Evidence from Listed Firms in China

Chen Guodong,   Assistant Professor, New York University Shanghai; Chair & Discussant   Coordinator: Ni Xiaoran, Professor, School of Innovation and Development,   Central University of Finance and Economics

11:45-11:55

Discussant Comment

Lin Xiangyu, Assistant   Professor, School of Finance, Nankai University

11:55-12:00

Free Discussion

-

12:00-12:25

Paper Presentation:   Protecting Workers, Transforming Work: The Impact of Paid Sick Leave Mandates   on IT Investment

Lin Xiangyu, Assistant   Professor, School of Finance, Nankai University

12:25-12:35

Discussant Comment

Xu Lin, Associate   Professor, School of Economics, Shandong University

12:35-12:40

Free Discussion

-

12:40-14:00

Lunch

-

19 October 2025

8:30-8:55

Paper Presentation:   When Competition Backfires: Broker Learning and Commission Fees

Yang Xuewei,   Professor, School of Management and Engineering, Nanjing University; Chair   & Discussant Coordinator: Yang Xuewei, Professor, School of Management   and Engineering, Nanjing University

8:55-9:05

Discussant Comment

Ye Zhiqiang,   Researcher, School of Economics, Zhejiang University

9:05-9:10

Free Discussion

-

9:10-9:35

Paper Presentation:   Lending Beyond Bagehot: Loan Contracting with Advantageous Central Bank   Funding

Ye Zhiqiang,   Researcher, School of Economics, Zhejiang University

9:35-9:45

Discussant Comment

Jiang Mingming,   Professor, School of Economics, Shandong University

9:45-9:50

Free Discussion

-

9:50-10:15

Paper Presentation:   Impact of Shareholder Litigation Risk on Corporate Information Disclosure -   Evidence from China's Securities Representative Litigation System

Shen Sichen, Associate   Professor, School of Economics and Management, Wuhan University

10:15-10:25

Discussant Comment

Yang Haisheng,   Professor, Lingnan College, Sun Yat-sen University

10:25-10:30

Free Discussion

-

10:30-10:40

Tea Break

-

10:40-11:05

Paper Presentation:   Policy Effect of Reducing the Number of Independent Directors - An Analysis   Based on Multi-to-Multi Clustering Matching Model

Yang Haisheng,   Professor, Lingnan College, Sun Yat-sen University; Chair & Discussant   Coordinator: Li Xinming, Professor, School of Finance, Nankai University

11:05-11:15

Discussant Comment

Zhang Bo, Associate   Professor, School of Economics, Shandong University

11:15-11:20

Free Discussion

-

11:20-11:45

Paper Presentation:   Urban Riparian Exposure, Climate Change, and Public Financing Costs in China

Johnson Mo, New York   University

11:45-11:55

Discussant Comment

Shen Sichen, Associate   Professor, School of Economics and Management, Wuhan University

11:55-12:00

Free Discussion

-

12:00-12:25

Paper Presentation:   How Does ETF Arbitrage Affect Firms

Zhang Yunqi, Associate   Professor, School of Finance, Nankai University

12:25-12:35

Discussant Comment

Li Xinyu, Associate   Researcher, School of Economics, Shandong University

12:35-12:40

Free Discussion

-

12:40-14:00

Lunch

-

19 October 2025

13:30-13:55

Paper Presentation:   Arbitraging the US Sanction: Theory and Evidence

Shao Zhiquan, Guanghua   School of Management, Peking University; Chair & Discussant Coordinator:   Feng Xu, Professor, School of Management and Economics, Tianjin University

13:55-14:05

Discussant Comment

Wang Nanxuan, School   of Finance, Central University of Finance and Economics

14:05-14:10

Free Discussion

-

14:10-14:35

Paper Presentation:   Low-price Involutionary Competition, Two-way Rent-seeking between Banks and   Enterprises, and Investment Crowding-out - Evidence from Low-price Bond   Underwriting with Remaining Balance

Wang Nanxuan, School   of Finance, Central University of Finance and Economics

14:35-14:45

Discussant Comment

Pang Nianwei, School   of Economics, Shandong University

14:45-14:50

Free Discussion

-

14:50-15:15

Paper Presentation:   Study on the Credit Guidance Effect of Government White Lists

Pang Nianwei, School   of Economics, Shandong University; Chair & Discussant Coordinator: Liu   Yiming, Associate Researcher, School of Economics, Shandong University

15:15-15:25

Discussant Comment

Chen Yurou, School of   Finance, Zhongnan University of Economics and Law

15:25-15:30

Free Discussion

-

15:30-15:50

Tea Break

-

15:50-16:15

Paper Presentation:   "Seeing" Risks: Mandatory Risk Disclosure and Reform Transformation   of Local Financing Platforms

Chen Yurou, School of   Finance, Zhongnan University of Economics and Law

16:15-16:25

Discussant Comment

Luan Xiaomin, School   of Economics, Fudan University

16:25-16:30

Free Discussion

-

16:30-16:55

Paper Presentation:   Measurement of Macroeconomic Policy Orientation Consistency and Its   Micro-effect: A Method Based on Large Language Models

Luan Xiaomin, School   of Economics, Fudan University

16:55-17:05

Discussant Comment

Li Shijie, School of   Economics, Shandong University

17:05-17:10

Free Discussion

-

17:10-17:35

Paper Presentation:   Cultural Soft Ties Promoting Hard Credit Resources: Bank-Enterprise Cultural   Similarity and Enterprise Credit Acquisition

Li Shijie, School of   Economics, Shandong University

17:35-17:45

Discussant Comment

Shao Zhiquan, Guanghua   School of Management, Peking University

17:45-17:50

Free Discussion

-