People - Faculty


Visiting Professors
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Chenggang Xu
Adjunct Professor
Office:KK 903
Chenggang Xu joined the University of Hong Kong in 2009. He obtained his PhD in economics from Harvard University in 1991 under the supervision of Janos Kornai and Eric Maskin (2007 Nobel Laureate). He taught at London School of Economics for 17 years; and at Tsinghua University as Special-Term Professor for 6 years. He had visiting positions at HKUST, Harvard and IMF. His research interests are contract theory, corporate finance/governance, law and finance, financial regulation, development, institutions, and Chinese economy. He is a Research Fellow at the CEPR (Europe); was a faculty fellow of Harvard Institute for International Development and Center for International Development of Harvard. He has served as co-editor and member of editorial boards for more than a dozen major international and Chinese journals in economics and finance. He has publications in major journals, such as Journal of Political Economy, American Economic Review, Review of Economic Studies, European Economic Review, American Law and Economic Review, Economics Letters, Journal of Comparative Economics, Economics of Transition, etc.; chapters in more than a dozen books, and has published a book. He delivered invited talks at Econometric Society's Congress, AEA Meetings, EEA Meetings, and China Economic Annual Conference, etc. He has been invited to give talks in dozens of top universities in the US, Europe, Asia and China; to provide policy advises on Chinese reforms by the Chinese State Council, Peoples Bank of China, the CASS, the World Bank, the IMF, the UNDP, the EBRD, and the UK HM Treasury. He has served as consultants for the World Bank and the IMF.
  • "Why China's Economic Reforms Differ: The M-form Hierarchy and Entry/Expansion of the Non-State Sector,"
    (with Yingyi Qian), The Economics of Transition, Vol. 1, No. 2, 1993, pp.135-170, This paper was reported as "Reformers tread different roads to capitalism," in Financial Times, 18 October 1993. Related views were reported by Stephanie Flanders in Financial Times, late September 1996. Translated and published as "A Kinai gazdasagi reform sajatos vonasai," in Europa Forum (a Hungarian academic journal), 1995. Translated as "Fei guoyouzhi jingji chuxian he chengzhang de zhidu beijing," in Shehui Kexue Xuebao, Special Issue, 1995.
  • "The M-form Hierarchy and China's Economic Reform,"
    (with Yingyi Qian), European Economic Review, April 1993, pp.541-548, Translated and published by a Bulgarian economics journal, 1993. Translated and published by Shehui Jingji Zhedu Bijiao (Comparative Social and Economic Systems, No.1, 1993.
  • "Chinese Township Village Enterprises as Vaguely Defined Cooperatives,"
    (with Martin L. Weitzman), Journal of Comparative Economics, Vol. 18, No. 2, 1994, pp.121-145, Reprinted in (Nove, Alect and Thatcher, Ian D. (eds.), (1994)) Markets and Socialism, Elgar Reference Collection, International Library of Critical Writings in Economics, no.39, Aldershot, U.K.: Elgar. Reprinted in (Roemer, John-E. ed., 1997) Property relations, incentives and welfare: Proceedings of a conference held in Barcelona, Spain, by the International Economic Association. IEA Conference Volume, no. 115. New York: St. Martin's Press; London: Macmillan Press, pages 326-51. .
  • A Different Transition Path: Ownership, Performance, and Influence of Chinese Rural Industrial Enterprises
    New York and London: Garland Publishing, Inc., 1995.
  • "Innovation and Bureaucracy under Soft and Hard Budget Constraints,"
    (with Yingyi Qian), Review of Economic Studies, Vol. 65, No. 1, January 1998, pp.151-164.
  • "Financial Budget Constraints and the Optimal Choices of R&D Project Financing,"
    (with Haizhou Huang), Journal of Comparative Economics, Vol. 26, No. 1, March 1988, pp.62-79.
  • "Why is China Different from Eastern Europe? Perspectives from Organization Theory,"
    (with Yingyi Qian and Gérard Roland), European Economic Review, Vol. 43, No. 4-6, April 1999, pp.1085-1094.
  • "Financial Institutions and the Financial Crisis in East Asia,"
    (with Haizhou Huang), European Economic Review, Vol. 43, No. 4-6, April 1999, pp.903-914.
  • "Institutions, Innovations, and Growth,"
    (with Haizhou Huang), American Economic Review, Vol. 89, No. 2, May 1999, pp.438-443.
  • "Incentives, Information, and Organizational Form,"
    (with Eric Maskin and Yingyi Qian), Review of Economic Studies, Vol. 67, No. 2, April 2000, pp.359-378.
  • "Soft Budget Constraint Theories: From Centralization to the Market,"
    (with Eric Maskin), Economics of Transition, 2001, Reprinted in Erik Berglöf, Olivier Blanchard, and Gérard Roland (Eds.), The Economics of Transition: The Fifth Nobel Symposium in Economics. London: Palgrave Macmillan, 2007. pp.12-36.
  • "Financial Syndication and R&D,"
    (with Haizhou Huang), Economics Letters, Vol. 80, No.2, 2003, pp.141-146.
  • "Incomplete Law,"
    (with Katharina Pistor), Journal of International Law and Politics, 2004, pp.931-1013.
  • "Governing Stock Markets in Transition Economies Lessons from China,"
    (with Katharina Pistor), American Law and Economics Review, Vol. 7, No. 1, 2005, pp.184-210.
  • "Coordination and Experimentation in M-Form and U-Form Organizations,"
    (with Yingyi Qian and Gérard Roland), Journal of Political Economy, Vol. 114, No. 2, April 2006, pp.366-402.
  • "What Firms Went Public in China? A Study of Financial Market Regulation,"
    (with Julan Du), World Development, Forthcoming.
Last updated: March 3, 2009.