Entry Date:
June 16, 2003

China Center for Financial Research

Principal Investigator Jiang Wang

Project Start Date June 2003


A collaboration (beginning in 2003) with the China Center for Financial Research at Tsinghua University in Beijing, this initiative promotes research on topics essential to China's financial system, including the development and regulation of financial markets and financial institutions, the governance of corporations, and government financial policies. The center also creates and maintains databases on China and is developing a doctoral program in finance leading to a degree from Tsinghua. In conjunction with this initiative, MIT Sloan and Tsinghua have created an annual conference and a training program for Chinese finance faculty.

China’s economy has entered a critical phase in its reform and development. How to maintain its steady growth is a major challenge we face. History has shown that a healthy financial system governed by economic principles is critical to an economy’s persistent growth. Thus, to build an efficient financial system for China, in particular, to develop well-functioning financial markets, institutions and intermediaries and to improve corporate governance structure is the central tasks of China’s current economic development.

The China Center for Financial Research, Tsinghua University, is devoted to high quality research to support the development of China’s financial system. We will introduce and apply the theories, methodologies, applications and technologies of modern finance to the practical problems encountered in China’s financial development. Through our research, we hope to provide theoretical and empirical support in shaping China’s financial policies, developing and managing its financial markets and institutions, and shaping up the corporate governance structure. We will also develop a set of high level education and training programs by international standards to meet China’s urgent needs for high quality researchers and educators in finance.

We hope to develop the Center into a top notch, open research platform. We welcome broad collaborations with universities, research institutions, government agencies, financial institutions and enterprises at home and aboard.