4. Excess Liquidity and Asset Price Bubble
	Speaker: Dr. Xu Xiaonian Date: December 13, 2007 (Thursday) 13:30－15:15  Keynote Speech 15:15－15:45  Coffee Break 15:45－16:30  Interactive Discussion Audience: Top executives from funds, securities and private equity funds (20-50 people) Venue: Villa B at 36 Dongyuan Road, Lujiazui Finance and Trade Zone (Free Parking)

Introduction: Excess liquidity and asset price bubble are the most prominent problems facing the financial market in the recent years.CEIBS Economics and Finance Professor Xu Xiaonian will examine the causes, effects, and possible solutions of global excess liquidity within the context of the U.S. and China economies in his lecture.

Biography: Dr. Xu is professor of economics and finance at CEIBS. He obtained PhD in Economics from University of California at Davis in 1991, and MA in Industrial Economics in 1981 from Renmin University of China. He was previously vice chairman of Goldman Sachs Gao Hua Securities Co., Ltd., managing director and head of research of China International Capital Corporation Limited (CICC), a senior economist with Merrill Lynch Asia Pacific, consultant of the World Bank in Washington DC and assistant professor of Amherst College, Massachusetts. Dr. Xu was employed by the Development Research Center of the State Council of the PRC as a research fellow from 1981 to 1985. Also, he received Sun Yefang Economics Prize in 1996, the highest Chinese award in the field, for his research on China’s capital market. The research team under Dr. Xu was ranked No. 1 in 2002 among domestic brokerage firms by Chinese institutional investors and Dr. Xu himself was voted in the same survey as the best in economics research. His research interests include: Macroeconomics, Finance, Financial Institutions and Financial Markets, Transitional Economies, and China’s Economic Reform.

Organizer: CEIBS Lujiazui International Finance Research Centre