Political and Geopolitical Shifts spearhead China's financial surge
China's corporate finance landscape is undergoing a transformation, shaped by the subtle yet powerful forces of political connections and geopolitical tension. The Chinese currency, the Renminbi, is also becoming a pivotal player in the global economic system, amidst the country's market liberalisation and expansion.
In her dissertation, Lidan Zhang "Exploring the Financial Landscape of China: Political Connections, Geopolitical Uncertainty, and Renminbi Internationalization," Lidan Zhang explores the significant influence of political connections and the strategic implications of geopolitical uncertainties on corporate financial practices in China.
Political alliances are increasingly important in corporate financing and investment decisions, challenging the traditional view of market independence. According to Zhang, political ties are central to understanding market fluctuations and corporate behaviours in China's unique economic environment.
" Understanding how powerful people in politics and economic strategy come together is really important to figuring out the financial flows in China” Zhang asserts. "My findings depict a nuanced portrait of the Chinese financial sector, where political connections are not merely incidental but are instrumental in financial decision-making and market behaviors."
China's expansive financial liberalisation has also led to the internationalisation of the Chinese currency, the Renminbi. Zhang underlines that this development has far-reaching implications for the global financial system.
“This strategic elevation of the currency is depicted as a deliberate outcome of China's expansive economic reforms, which are intricately linked to the political forces that plays a pivotal role in financial decision-making in China today”, she explains.
This move positions the Renminbi as a key player in global finance, reflecting China's increasing economic clout and its strategic maneuvering within the international financial landscape. This trend underscores the intertwined nature of China's economic policies and political ambitions, reshaping the dynamics of global financial systems.
You can read the whole thesis here:
Exploring the Financial Landscape of China: Political Connections, Geopolitical Uncertainty, and Renminbi Internationalization
More information:
Lidan Zhang
+358 405600297
lidan.zhang@hanken.fi
Lidan Zhang will defend her thesis on 24 November, at 12.00 in Hanken School of Economics, Arkadiankatu 22, Helsinki.
The doctoral defense will be held as hybrid. Participants can attend on site or via videoconference. Access the video conference via the link:
Doctoral defence Zhang
Opponent: Professor Iftekhar Hasan, Fordham University, USA
Custos: Professor Gonul Colak, Hanken School of Economics
About
Hanken School of Economics is a leading, internationally accredited university with over a hundred years of experience in education and research in economics and business administration. The research is of a high standard and constitutes the foundation of all teaching. Hanken has close ties to the business community and an active alumni network with over 13 000 alumni in 65 countries worldwide.
Alternative languages
Subscribe to releases from Svenska handelshögskolan
Subscribe to all the latest releases from Svenska handelshögskolan by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Svenska handelshögskolan
Ny forskning visar att nuvarande argument för att minska köttkonsumtionen kan få motsatt effekt28.4.2025 11:59:42 EEST | Pressmeddelande
Det är välkänt att vi behöver övergå till mer hållbara kostvanor genom att ersätta animaliska produkter med växtbaserade alternativ. Däremot är det fortfarande en kritisk fråga att förstå vilka konsumenter som för närvarande äter kött och vilka som är villiga att minska sin konsumtion och varför.
Uuden tutkimuksen mukaan nykyiset moraaliset perustelut lihankulutuksen vähentämiseksi saattavat kääntyä tarkoitustaan vastaan28.4.2025 11:59:42 EEST | Tiedote
Jo vakiintuneen näkemyksen mukaan ihmisten on siirryttävä kohti kestävämpiä ruokailutottumuksia korvaamalla eläinperäisiä tuotteita kasvipohjaisilla vaihtoehdoilla. On kuitenkin myös tärkeää ymmärtää, ketkä kuluttajista syövät nykyisin lihaa ja ketkä ovat valmiita vähentämään lihankulutustaan ja miksi näin on.
New research suggests that current moral arguments to reduce meat consumption may actually backfire28.4.2025 11:59:42 EEST | Press release
The need to shift towards more sustainable dietary patterns by substituting animal products with plant-based alternatives is well-established. However, understanding which consumers are currently eating meat, who is willing to decrease their consumption, and why, remains a critical question.
Juhana Vartiainen ny arbetslivsprofessor vid Hanken22.4.2025 10:00:00 EEST | Pressmeddelande
Helsingfors borgmästare, PD Juhana Vartiainen har utnämnts till arbetslivsprofessor vid Svenska handelshögskolan (Hanken). Han är knuten till institutionen för finansiell ekonomi och nationalekonomi för tiden 1.8.2025 – 31.7.2027.
Juhana Vartiainen Kauppakorkeakoulu Hankenin uusi työelämäprofessori22.4.2025 10:00:00 EEST | Tiedote
Helsingin pormestari, VTT, Juhana Vartiainen on nimitetty Kauppakorkeakoulu Hankenin työelämäprofessoriksi. Hän työskentelee rahoituksen ja taloustieteen laitoksella 1.8 2025 - 31.7 2027.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom