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How Education in China should Develop in the Future

Professor AnalysisJuly 5, 2022

LIU Jing, Professor of Accounting and Finance, Director of Investment Research Department ZU Yiming, Research Fellow at CKGSB To understand how education will develop in the future, we have to analyze government policy and structure by examining the impact of industrial policy and economic development on education. Learning from Germany’s Dual Education System Industrial upgrading is essential to the next stage of China’s economic development, and education is an essential part of industrial upgrade. China’s industrial planning is similar to Germany’s in that it focuses on industry and manufacturing at the expense of a weaker service industry. In 2020, […]

Series: China’s Real Estate Problem
3. The Two Bubbles in China’s Property Market

Professor AnalysisJuly 5, 2022

Professor Liu Jing – Professor of Accounting and Finance, Director of Investment Research Department, CKGSB What are the structural problems embedded in China’s property sector? Firstly, it is important to look at the supply and demand of land. Approximately 54% of the cost of a new homes come from the land and associated fees. Whether or not a second-hand property increases in value is completely dependent upon the price of the land it sits upon. The building itself is a consumable and will only depreciate over time, therefore high property prices are essentially a result of high land prices. […]

Series: China’s Real Estate Problem
4. Land Finance and Local Government Revenue Structures

Professor AnalysisJuly 5, 2022

By Professor Liu Jing – Professor of Accounting and Finance, Director of Investment Research Department, CKGSB The underlying cause for the housing bubble does not lie in real estate speculation but on the structure of the sector, stemming from the local and central government’s tax-sharing system, as well as the core role that local governments play in economic development. Since the 1980s, the role that the central and local government play in China’s economy have been clear – the central government is responsible for planning and regulation while local governments take care of implementing these regulations on a local […]

Series: China’s Real Estate Problem
2. The Role of Real Estate Companies

Professor AnalysisJuly 5, 2022

Professor Liu Jing – Professor of Accounting and Finance, Director of Investment Research Department, CKGSB While the “Three Red Lines” policy was an attempt to help overleveraged companies, it was also originally introduced because regulators thought the industry was too profitable – that it was accumulating large amounts of capital and driving up house prices. But after conducting an analysis, we found that the rate of return for real estate developers was not significantly high. From 2005 to 2020, the net profit margins of Chinese companies listed on the Hong Kong Stock Exchange was only 10%, the average return […]

CKGSB Investor Sentiment Remain Pessimistic on China’s Capital Markets

NewsMay 12, 2022

Investors remain pessimistic on China’s A-shares stocks and real estate as investment in precious metals such as gold increases by 10.2%, according to the new quarterly Investor Sentiment survey from Cheung Kong Graduate School of Business (CKGSB).

Five Channels of Opportunity in the Electric Vehicle Market

Professor AnalysisApril 20, 2022

Liu Jing, Professor of Accounting and Finance, Director of Investment Research Center, CKGSB Li Zhen, Chairman and CEO of Gotion Hi-tech Co. The development of electric vehicles (EV) is playing an important role in both China and the world’s path to carbon neutrality. Global sales have risen from tens of thousands of vehicles a […]

Search for: “LIU Jing”

How Education in China should Develop in the Future

Series: China’s Real Estate Problem
3. The Two Bubbles in China’s Property Market

Series: China’s Real Estate Problem
4. Land Finance and Local Government Revenue Structures

Series: China’s Real Estate Problem
2. The Role of Real Estate Companies

CKGSB Investor Sentiment Remain Pessimistic on China’s Capital Markets

Five Channels of Opportunity in the Electric Vehicle Market

CKGSB Professor Liu Jing – China’s Investment Outlook under the Geopolitical Risks

CKGSB Professor Liu Jing – China’s Investment Outlook under the Geopolitical Risks

CKGSB Professor Liu Jing – Dual Circulation Policy and China’s Investment Outlook

CKGSB Professor Liu Jing – Dual Circulation Policy and China’s Investment Outlook

CKGSB Professor Liu Jing – Is Hainan the Next Singapore?

CKGSB Professor Liu Jing – Is Hainan the Next Singapore?

CKGSB Professor Liu Jing – China’s Opening-up Strategies in Its Financial Sector

CKGSB Professor Liu Jing – China’s Opening-up Strategies in Its Financial Sector

CKGSB Professor Liu Jing – Private Sector’s Financing in China

CKGSB Professor Liu Jing – Private Sector’s Financing in China

CKGSB Professor Liu Jing – China’s Private Companies Bouncing Back Amidst the COVID-19

CKGSB Professor Liu Jing – China’s Private Companies Bouncing Back Amidst the COVID-19

CKGSB Professor Liu Jing – China’s EV Market Outlook

CKGSB Professor Liu Jing – China’s EV Market Outlook