PROGRAM SUMMARY
| Monday, August 18, 2025 | ||
| 08:20-08:30 | Welcome Speech | 1-100, PBC School of Finance, Tsinghua University |
| 08:30-10:15 | Session 1: AI: Methods and Datasets | 1-100, PBC School of Finance, Tsinghua University |
| 10:15-10:30 | Coffee Break | |
| 10:30-12:15 | Session 2: AI and Market Efficiency | 1-100, PBC School of Finance, Tsinghua University |
| 12:15-12:30 | Group Photo | |
| 12:30-13:30 | Lunch | |
| 13:30-15:15 | Session 3: AI and Coporate Finance | 1-100, PBC School of Finance, Tsinghua University |
| 15:15-15:30 | Coffee Break | |
| 15:30-17:15 | Session 4: AI and Behaviorial Finance | 1-100, PBC School of Finance, Tsinghua University |
| 17:15-17:30 | Voting (closed-door session) | 1-100, PBC School of Finance, Tsinghua University |
| 18:10-20:30 | Keynote Speech, Best Paper Announcement, Dinner | Liaoning International Hotel |
PROGRAM DETAILS
08:30-10:15, Tsinghua University PBC School of Finance
Session 1: AI: Methods and Datasets
Session Chair: Jingzhi Huang, The Pennsylvania State University
Semiparametric Conditional Factor Models in Asset Pricing(Qihui Chen, Nikolai Roussanov, Xiaoliang Wang)
Presenter: Xiaoliang Wang, The Hong Kong University of Science and Technology
Discussant: Zhouyu Shen, Peking University
Presenter: Ji Huang, The Chinese University of Hong Kong
Discussant: Shenghao Zhu, University of International Business and Economics
Learning to Regulate: A New Event-Level Dataset of Capital Control Measures(Geyue Sun, Xiao Liu,Tomas Williams, Roberto Samaniego)
Presenter: Geyue Sun, George Washington University
Discussant: Lin Tan, Shanghai University of Finance and Economics
10:30-12:15, Tsinghua University PBC School of Finance
Session 2: AI and Market Efficiency
Session Chair: Wu Zhu, Tsinghua University
Data Scientists on Wall Street (Ling Cen, Bing Han, Yanru Han, Chanik Jo)
Presenter: Chanik Jo, The Chinese University of Hong Kong
Discussant: Dexin Zhou, Baruch College, City University of New York
Social Finance in the Age of AI: Evidence from Machine-Generated Content (Lin Peng, Qiguang Wang, Weichen Zhang, Xiaoyan Zhang)
Presenter: Qiguang Wang, Hong Kong Baptist University
Discussant: Fangzhou Lu, The University of Hong Kong
Harness Machine Learning with Carry (Fang Qiao, Zhan Shi, Yicheng Zhu)
Presenter: Zhan Shi, Tsinghua University
Discussant: Jingyu He, City University of Hong Kong
13:30-15:15, Tsinghua University PBC School of Finance
Session 3: AI and Corporate Finance
Session Chair: Bernard Yeung, National University of Singapore
Artificial Intelligence and Intangible Capital in the ASEAN+3 Region (Henry Y. Mak, Jing Lian Suah, Derek Tang)
Presenter: Henry Y. Mak, Hong Kong Institute for Monetary and Financial Research
Discussant: Wei Wang, The Chinese University of Hong Kong, Shenzhen
Policies to Promote Innovation: Insights from Global AI Initiatives (Leo Liu, Fariborz Moshirian, Vikram Nanda, Sheng Xu)
Presenter: Leo Liu, University of Technology Sydney
Discussant: Xian Gu, Durham University
Catalysts for Climate Solutions: Corporate Responses to Venture Capital Financing of Climate-Tech Startups (Shirley Lu, George Serafeim, Simon Xu)
Presenter: Simon Xu, Harvard University
Discussant: Zhao Jin, Cheung Kong Graduate School of Business
15:30-17:15, Tsinghua University PBC School of Finance
Session 4: AI and Behavioral Finance
Session Chair: Huining Cao, Cheung Kong Graduate School of Business
What Does ChatGPT Make of Historical Stock Returns? Extrapolation and Miscalibration in LLM Stock Return Forecasts (Shuaiyu Chen, T. Clifton Green, Huseyin Gulen, Dexin Zhou)
Presenter: Dexin Zhou, Baruch College, City University of New York
Discussant: Ke Shi, Shanghai Jiao Tong University
Na¨ıve Attention and Extrapolative Beliefs: Evidence from Digital Footprints of Mutual Fund (Lei Huang, Tse-Chun Lin, Fangzhou Lu, He Tang)
Presenter: He Tang, University of Cambridge
Discussant: Dan Su, Cheung Kong Graduate School of Business
Investment AI Adoption, Mutual Fund Short-Termism, and Real Investment (Xiang Huang,Haifeng You)
Presenter: Haifeng You, Tsinghua University
Discussant: Rachel Xiao, Fordham University