On the morning of March 9th, RIEM held an academic lecture on the theme of "Capital Market Distortions and Reform Dividends: Evidence from IPO Positional Choices" at Hongyuan Building, Liulin Campus. This lecture was given by Professor Wei Shangjin, an internationally renowned economist and tenured professor at Columbia University in the United States, and hosted by Professor Gan Li from RIEM.

In the lecture, Professor Wei explained the domestic capital market and reform dividends in a clear and concise manner, providing important insights for enterprises to avoid distortions and enjoy dividends. The research results are of great significance for understanding the impact of domestic capital markets on enterprises and the potential positive impact of capital market reforms on the welfare of entrepreneurs. This lecture attracted nearly a hundred teachers and students to participate. Professor Wei communicated with the teachers and students on site, further deepening everyone's understanding and comprehension of this topic.

Introduction to Wei Shangjin

Professor Wei Shangjin currently serves as a tenured professor at Columbia University in the United States, an academic visiting professor of financial economics at the School of International Finance at Fudan University, and a director of the Shenzhen Institute of Advanced Financial Studies. He has held positions such as the first Chinese Chief Economist at the Asian Development Bank (ADB), Associate Professor at the Kennedy School of Harvard University, Head of Trade and Investment at the International Monetary Fund (IMF), and Advisor to the World Bank (WB). In addition, he also serves as the Director of the China Economic Research Group at the National Bureau of Economic Research (NBER) and a Senior Fellow at the Brookings Institution in the United States. His main research areas include international finance, international trade, government governance and reform, the Chinese economy, and macroeconomics. His academic papers have been published in top international economic journals such as AER, JPE, and QJE. In the 2008 global ranking of renowned economists, Professor Wei Shangjin ranked 76th and was the only Chinese among the top 100 economists in the world for the year.