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Sheng, Songcheng

Adjunct Professor of Economics and Finance, CEIBS

ssongcheng@ceibs.edu
86-21-2890 5673

Dr. Sheng Songcheng is Adjunct Professor of Economics and Finance at CEIBS. He has been granted Special Government Allowances of the State Council since 1999 and was a deputy of the 11th National People's Congress. He is right now a counselor of Shanghai Municipal People's government, chairman of statistical analysis Professional Committee of China Internet Finance Association, President of China Chief Economist Forum. Prior to joining CEIBS, he has served a wide range of positions within the central bank, for instance, Director General of the Financial Survey and Statistics Department at the People’s Bank of China (PBoC), President of People’s Bank of China in Shenyang branch, etc..

Prof. Sheng Songcheng’s research interests mainly include Monetary Economics, Monetary Theory and Policy, and Macroeconomic Analysis. He made outstanding contribution in the research of aggregate financing to the real economy, capital account opening-up, interest rate liberalization, as well as financial transformation and development. He has also made great contributions to the research, compilation and promotion of the Aggregate Finance to the Real Economy (AFRE), one of the key indicators of the financial macro-regulation of China. Dr. Sheng is the author of several hot-sale books and he has published nearly one hundred of papers in the leading field journals including Social Sciences in China, Economic Research Journal, Journal of Financial Research and China Finance. 

Prof. Sheng Songcheng was granted the second prize of Scientific Research Award for young scholars by Henry Fok Educational Foundation in 1993 (first prize vacancy), and won the Excellent Text Book Award among all finance teaching materials of colleges and universities, the first “Golden Morning” excellent research award of The Chinese Financial Education Development Foundation, the first outstanding scientific research award granted by State Education Commission, “Golden Sheep” Award for financial books in 2013 and the first prize of excellent research achievement awarded by China Financial Education Development Foundation.

 

ACADEMIC DEGREES
RESEARCH INTERESTS
TEACHING INTERESTS
IN THE MEDIA
ACADEMIC DEGREES
  • 1993, Ph.D., in Economics, Shanghai University of Finance & Economics  
  • 1985, M.A. in Economics, Shanghai University of Finance & Economics
  • 1982, B.S. in Economics, Shanghai University of Finance & Economics
RESEARCH INTERESTS
  • Monetary Economics
  • Monetary Theory and Policy
  • Macroeconomic Analysis
TEACHING INTERESTS
  • Analysis on Macroeconomics and Finance
  • Modern Monetary Economics
IN THE MEDIA

2025-12-07 Professor Sheng Songcheng quoted by the New York Times on disparities between China's exchange rate and purchasing power parity

2025-08-12 South China Morning Post quote paper co-authored by CEIBS Professor Sheng Songcheng urging more radical measures to spur consumption in China

2025-07-16 Recent article published by CEIBS Adjunct Professor Sheng Songcheng is examined in full by Asian Banker

2025-07-10 Remarks made by CEIBS Adjunct Professor Sheng Songcheng on the Yuan developing a new role to support global financial stability quoted by South China Morning Post

2024-10-20 Prof Sheng Songcheng quoted by South China Morning Post on consumption as a solution to China’s economic issues

2023-09-06 Cutting interest rates to boost consumption and investment may have limited effect

2023-07-11 In an exclusive interview with Bloomberg, Adjunct Professor of Economics and Finance Sheng Songcheng warns cutting interest rates the wrong move for China's economy at present

2023-03-06 China to meet or likely exceed GDP target, CEIBS Adjunct Professor of Economics and Finance Sheng Songcheng cited by BNN Bloomberg

2022-11-14 New real estate polices should restore confidence in sector, CEIBS Adjunct Professor of Economics and Finance Sheng Songcheng is quoted by Bloomberg as saying

2022-10-13 Prof Sheng Songcheng says People's Bank of China able to guide market expectations for the renminbi exchange rate.

2022-07-11 Slowdown in property investment risks stunting overall economic growth, Professor Sheng Songcheng writes in op-ed for China Daily

2022-07-11 Ensuring timely, adequate funding key to boosting real estate sector

2022-06-09 Professor Sheng Songcheng's haircut analogy quoted by the Economist to explain lost consumption during Shanghai lockdown

2022-05-26 Prof. Sheng Songcheng tells Yicai Global China's GDP growth to fall short of targets due to COVID impact

2022-04-20 Chinese finance regulators should relax measures to control real estate property developers’ debt to help economy handle latest COVID outbreak, says Professor Sheng Songcheng

2022-01-19 Ex-PBOC Official Says China Has Small Window for Policy Easing

2021-11-03 China must increase fiscal support to boost economic growth, Prof Sheng Songcheng tells SCMP

2021-09-10 CEIBS index ranks Shanghai amongst top asset management centres in the world

2021-09-10 Prof. Sheng Songcheng says asset management index can highlight gap between Shanghai and other global financial centres

2021-08-16 CEIBS Prof Sheng Songcheng outlines the factors that can sustain the healthy development of China’s housing market

2021-08-02 Why Chinese house prices keep going up and up

2021-05-30 Rise in the yuan is due to short-term speculation and probably won’t last, says Prof Sheng Songcheng

2021-03-17 Prof Sheng Songcheng warns against monetary policy tightening

2020-10-30 Sheng Songcheng discusses Shanghai's rise on global financial stage

2020-05-16 Yicai Global: Prof Sheng Songcheng says China shouldn’t adopt economic stimulus policies unless conventional tools fail

2020-04-09 China Daily: Prof Sheng Songcheng says no concern for China’s holdings in US Treasury

2020-04-08 Yicai Global: Prof Sheng Songcheng debunks 'freezing' of US treasury notes

2020-03-21 China Daily: Prof Sheng Songcheng says PBOC’s decision to leave key lending rate unchanged is the right move

2020-03-09 Infrastructure investment can offset virus shock to China’s economy

2020-03-08 Global Times: Prof Sheng Songcheng says promoting infrastructure investment key to getting China’s economy back on track in 2020

2020-02-03 CGTN: Prof Sheng Songcheng on policy easing measures to fend off risks posed by the coronavirus

2020-01-15 Professor Sheng Songcheng on the US Treasury's removal of the label of "currency manipulator" from China

2019-12-13 CEIBS Professor Sheng Songcheng on China's GDP growth in 2020

2019-12-09 Keeping the RMB Exchange Rate Stable and Opening up China’s Capital Account

2019-02-12 China’s Central Bank Bill Swap Different from QE

2019-01-17 Why Chinese Central Bank Won’t Make Stock, ETF Purchases

2018-10-19 Sheng Songcheng: Not the time to increase China’s interest rates

2018-08-15 6 Keys to Understanding China’s Rising Real Estate Prices

2017-09-29 ICO Ban Was the Right Thing to Do

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