Peking University HSBC Business School

A few takeaways from an unforgettable day, shared by the PHBS community and guest speaker Jing Yidan. 🎓

Set sail. Ring the bell.

At PHBS Commencement 2026, 739 graduates celebrated the close of one journey and the beginning of another, joined by faculty, family, friends, and classmates.

Congratulations, Class of 2026！🎓

On May 18, PHBS hosted an academic lecture titled “China’s Economy in the Changing World” as part of the kickoff of the “Harvard Deep Dive in China: Peking University” program.

Professor Hai Wen, Founding Dean of PHBS, shared his views on China’s economic development amid global change, offering students a closer look at how China is evolving today.

Beyond the lecture, the visit created space for young people across the academic community to exchange ideas, connect across cultures, and build mutual understanding.

The PHBS Art Troupe’s annual show returned to celebrate our graduating class with an unforgettable evening of music and dance. ✨

This year’s concert, “Soul 2026,” featured traditional Chinese dance, a ca****la, pop songs, guitar and piano performances, and K-pop dances, adding a memorable highlight to this special season on campus.

See you at commencement, graduates! 🎓

Recently, PHBS international students visited iFLYTEK, one of China’s leading AI and intelligent technology companies, for a closer look at the innovations shaping everyday life and communication.

During the visit, students explored the company’s journey and learned how iFLYTEK’s innovations in AI-powered learning, language technology, and human-computer interaction are transforming industries and daily experiences alike.

Join the livestream today (9:30-17:20 UTC+1): https://us06web.zoom.us/j/83065099327

Join us for the PHBS UK Conference on the Frontiers of AI in Economics on 15 May 2026 in Oxfordshire, UK.

Explore research at the intersection of AI, economics, and finance with world-renowned scholars, including Nobel laureate Prof. Thomas Sargent.

Organized by Peking University HSBC Business School UK Campus and the Sargent Institute of Quantitative Economics and Finance (SIQEF), the conference welcomes researchers, students, and practitioners.

Registration is now open: https://mp.weixin.qq.com/s/2w-4ecmdJB1ksQYSy6CETg

What drives economic growth during credit expansions — households or firms?

Using evidence from U.S. bank deregulation in the 1980s, new research co-authored by PHBS Assistant Professor Yicheng Wang finds that the firm channel accounts for around 71% of the impact on output and employment, as lower borrowing costs enable firms to invest and expand. The household channel contributes about 27%, mainly through consumption and early-stage effects.

Read more at the link in our bio 📎

PHBS international students recently visited Zhongshan, exploring how this historic city is carving out its role within the Greater Bay Area.

The trip began at the Museum of Dr. Sun Yat-sen, offering a glimpse into Zhongshan’s cultural roots. Students then visited a mix of industrial parks and innovation hubs, including Perfect (China) South China Base and Zhongshan Scientist Town, where they observed activity across manufacturing, healthcare, and local entrepreneurship initiatives.

Reflecting on the visit, Daniel (Economics, 2025 Intake) shared:
“This made me realize how much more there is to the Pearl River Delta beyond Shenzhen, Guangzhou, and Hong Kong.”