2023-09-29T17:02:02+08:002023-09-29|News|

Prof. Sili Zhou (fifth left) is invited to deliver a speech at Computational Finance 2023 Autumn Academic Forum organized by School of Management at Huazhong University of Science and Technology

Group photo before seminar

Prof. Sili Zhou (middle) answers the questions raised by the participants

On September 16, Prof. Sili Zhou, scholar of Asia-Pacific Academy of Economics and Management at the University of Macau, was invited to deliver a presentation at Computational Finance 2023 Autumn Academic Forum cum Yuyuan Management Forum 2023 Seminar 74 organized by School of Management at Huazhong University of Science and Technology. The presentation focused on China’s Increasing Global Financial Impact.

In the presentation, Prof. Zhou discussed that changes in China’s monetary policy have a positive correlation with global stock returns, especially since the launch of the Qualified Domestic Institutional Investor (QDII) program in 2007. In Prof. Zhou’s research, it showed that the sensitivity of the portfolio rebalancing of Chinese QDII funds to global stock returns depends on their holdings of foreign stocks. Furthermore, Chinese QDII funds adjust their portfolios, particularly by increasing holdings of foreign stocks, in response to loose monetary policies. These findings indicate that growing global financial impact of China, and suggest that a more fully liberalized capital account could indeed have a significant impact on US and world equity markets.