International Seminar on Sustainable Management of Local Liabilities,
Subnational Revenues and Accountability in China

中国地方政府性债务可持续管理及财政运行国际研讨会

Nov. 14-15, 2015. Hangzhou 中国 杭州

Seminar Chair: Prof. Shi Jinchuan
会议主席：史晋川教授  

主    办
Center for Research of Private Economy, Zhejiang University
浙江大学民营经济研究中心
School of Economics, Zhejiang University
浙江大学经济学院

 VENUE: Lily Hotel, NO.156,Shuguang Road,Hangzhou
会议地点：杭州百合花饭店曙光路156号（曙光路浙大路交叉口） 

Friday, Nov. 13, 2015 Arriving Lily Hotel, Registration（抵达杭州百合花饭店，注册） 

Saturday, Nov.14, 2015  Venue: Lily Hotel Seminar Hall（百合花饭店四楼会议室）

9:00-9:20    Welcoming Remarks

Chair: Wang Zhikai（王志凯）(Zhejiang Univ.)

1、Prof. Zhou Geping（周谷平）, Deputy Party Secretary of CPC, Zhejiang University; and Dean of Chinese Academy of West Development, Zhejiang University

2、Prof. S Ehtisham Ahmad, London School of Economics, and Head of Regional Multidisciplinary Center of Excellence for Africa, Bonn University

3、Prof. Huang Xianhai（黄先海）, Dean of School of Economics, Zhejiang University

9:20-9:30  photo session

9:30-12:30    Opening Session

Chair: Wang Zhikai（王志凯）(Zhejiang Univ.)

1、Prof. Bruno, Dallago (University of Trento, Italy)
The crisis and the dual Euro zone economy (30’)
Discussant: Prof. Xiao Wen（肖文）(Zhejiang University) (5’) 

2、Prof. Steven, Rosefielde (Univ. of North Carilona, Chapel Hill, USA)
Local Public Debt Management: Lessons from Greece in Inclusive Economic Perspective, (30’)
Discussant: Raj Verma (Jilin Univ.)(5’) 

3、Prof. Rubén C. Lois­González (Univ. of Santiago, Spain), and Carlos Aymerich-Cano (University of A Coruña),
 Local Administration And Local Power In Spain: Recent Reforms And Public Debate, (30’)
Discussant: Prof. Qiu Huafei （仇华飞）(Tongji Univ.) 

4、Prof. S.Ehtisham, Ahmad (London School of Economics and Political Science)
Tax Reforms and Managing Sub-National Liabilities--some options for China (30’)
Discussant: Zhang Tingxi （张庭喜）(Managing Director, Industrial Bank Co.Ltd., Nanjing) (5’) 

12:40-13:40    Lunch (at Lily Hotel)

14:30-16:35    Session Ⅰ.

Chair: Xiao Wen（肖文）(Zhejiang Univ.)

1、Qian Yanmin（钱彦敏）(Zhejiang Univ.)
The “Chinese” Shadow Banking： Structure, Driving Force and Risk  (20’)
Discussant: Luo Deming（罗德明）(Zhejiang Univ.) (5’)

 2、Guo Yuqing（郭玉清）, He Yang and Li Long (Nankai Univ.)
The Incentive System of Local Government Debt Financing: Explanation and Evidence from Perspective of Bailout Expectation (20’)
Discussant: Zhang Zibing（张自斌）(Zhejiang Univ.) (5’) 

3、Pi-Han Christine Tsai（蔡璧涵）(Zhejiang Univ.)
Fiscal Incentives and Political Budget Cycles in China (20’)
Discussant: Dou Jiangli（豆江利）(Zhejiang Univ.)  (5’)

4、Cheng Yao （程瑶）(Nanjing Audit Univ.)
Taxation policy of China’s PPP model (20’)
Discussant: Zhang Tingxi（张庭喜）(Managing Director, Industrial Bank Co.Ltd., Nanjing) (5’) 

5、Kang Di（康笛）(Zhejiang Univ.)
Nonbank Loan Covenants and Their Implications for Borrowers (20’)
Discussant: Prof. Ma Zhongfa（马忠法）(Fudan Univ.) (5’) 

16:35-16:45   Tea & Coffee Break

16:45-18:05   Session Ⅱ.

Chair: Zhang Zibing（张自斌）(Zhejiang Univ.)

1、Hu Hua（胡华）(Nankai Univ.)
The revenue adjustment function of personal income tax (15’)
Discussant: Xia Bianjun（夏�君）(Zhejiang Univ.) (5’)

2、Wang Yaling（王亚玲）and Guo Yanyan (Qingdao Univ.)
PPP Project Financing in future China (15’)
Discussant: Li Jinshan（李金珊）(Zhejiang Univ.) (5’) 

3、Zhong Changbiao（钟昌标）(Yunnan Univ. of Economics and Finance, Ningbo Univ.)
Villages and towns financial revenue and expenditure in undeveloped regions in China: investigation in Common-rich Village in Xingguo County (15’)
Discussant: Chen Lihui（陈丽晖）(Yunnan Univ.) (5’) 

4、Shi Jinchuan and Wang Zhikai (史晋川、王志凯) (Zhejiang Univ.)
Innovation of sustainable management of local government liabilities in China (15’)
Discussant: Luo Shougui（罗守贵）(Shanghai Jiaotong Univ.) (5’) 

18:05-18:10, Conclusion

19:00, Dinner

Sunday, Nov.15, 2015

Morning 9:00 am, Zijingang Campus Excursion
12:30 , Lunch
Afternoon: Departuring