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Prof. Dr. Jiangang Peng
Hunan University China

Basic Info

Basic Info is private.

Research Keywords & Expertise

0 Financial Inclusion
0 Financial Regulation
0 Financial Risk Management
0 Agricultural & Rural Development
0 BANKING MANAGEMENT

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Financial Inclusion
Agricultural & Rural Development

Honors and Awards

“Baosteel” Excellent Teacher

The Baosteel Education Foundation


Second Prize of 6th University Scientific Research Outstanding Achievement (Social Science)

The first prize winner

Chinese Ministry of Education


Special Government Allowances of the State Council

China State Council




Career Timeline

Wuhan University

Graduate Student or Post Graduate

01 September 1996 - 01 June 1999


Central South University

Graduate Student or Post Graduate

01 September 1984 - 01 July 1987


Central South University

Undergraduate Student

01 February 1978 - 01 December 1981




Short Biography

Jiangang Peng is a professor, doctoral supervisor of finance, director of financial management research center and member of the academic council at Hunan University. He is also the member of China Society for Finance and Banking, the standing member of China Annual Conference of Financial Engineering, the Vice President of Society for Finance and Banking of Hunan province. He received his PhD in economics from the College of Economics at Wuhan University. The primary research interests of Jiangang are bank management, financial inclusion and financial regulation. His research has been published in international journals such as the Economic Modelling, Sustainability, Emerging Markets Finance and Trade, the Asia-Pacific Journal of Financial Studies, Australian Economic Papers, Review of Development Economics. He has also published over 200 researches related with economy and finance in Chinese social science journals. In 2018, he published the personal collected work, the Collected Works of Peng Jiangang (5 volumes) in China Financial Publishing House. Jiangang has won important awards and honors, including the second prize of the 6th University Scientific Research Outstanding Achievement (Social Sciences) awarded by Chinese Ministry of Education, the first prize of 11st Outstanding Achievement of Philosophy and Social Sciences awarded by Hunan Government.

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Conference
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Date: 5-6 December 2020
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Jiangang Peng
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Project

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Starting Date:24 January 2011

Current Stage: Accomploshed in Dec. 2013

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Starting Date:19 May 2008

Current Stage: Accomplished in May 2016

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Starting Date:22 January 2007

Current Stage: Accomplished in Dec. 2009

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Starting Date:24 May 2004

Current Stage: Accomplished in Mar. 2009

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Starting Date:19 May 1997

Current Stage: Accomplished in Nov. 2001

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Journal article
Published: 05 March 2021 in Sustainability
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Rural economic development helps reduce the income inequality in China. Existing studies show the positive effects of rural reforms, however, whether the rural credit cooperative’s shareholding reform promotes rural economic development and whether effects are exerted through the synergism between agricultural producers and rural financial institutions remain unclear yet. Employing the rationale of isomorphic incentive compatibility from system science, we analyze the necessity and influencing conduit of rural credit cooperative’s shareholding reform theoretically. Analysis shows that only the financial services from rural commercial banks can promote the modernized production, and thus the synergism between them drives rural economic development. Then we make empirical analysis on the effect with a Chinese provincial sample. Comparing to provinces with lower reform progress, the provinces with greater reform progress are influenced more prominently by this reform. Applying coupling coordination degree model, the coordination between agricultural production and rural banking development shows obvious increase, especially after the formal implementation of shareholding reform on rural credit cooperative. Empirical results indicate that this synergism plays positive roles in promoting agricultural growth and reducing the urban–rural income gap. In addition, these effects are more pronounced after the formal implementation of shareholding reform.

ACS Style

Yue Hu; Siwei Lu; Huiyuan Zhang; Guibo Liu; Jiangang Peng. Empirical Analysis on the Performance of Rural Credit Cooperative’s Shareholding Reform Based on the Rationale of Isomorphic Incentive Compatibility. Sustainability 2021, 13, 2844 .

AMA Style

Yue Hu, Siwei Lu, Huiyuan Zhang, Guibo Liu, Jiangang Peng. Empirical Analysis on the Performance of Rural Credit Cooperative’s Shareholding Reform Based on the Rationale of Isomorphic Incentive Compatibility. Sustainability. 2021; 13 (5):2844.

Chicago/Turabian Style

Yue Hu; Siwei Lu; Huiyuan Zhang; Guibo Liu; Jiangang Peng. 2021. "Empirical Analysis on the Performance of Rural Credit Cooperative’s Shareholding Reform Based on the Rationale of Isomorphic Incentive Compatibility." Sustainability 13, no. 5: 2844.

Journal article
Published: 24 December 2020 in Economic Modelling
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Although the literature shows that financial inclusion provides rural poor households and businesses with much needed credit to increase income, whether it achieves the goal through improving agricultural productivity remains unclear. This paper constructs a composite index of rural financial inclusion and investigates its effect on agricultural total factor productivity growth in China where a large population depends on limited arable land and thus productivity growth is crucial. Using provincial-level data from 2009 to 2018, we estimate that agricultural total factor productivity grew significantly. Accounting for reverse causality in a dynamic panel model, we find that financial inclusion is a significant driver of this growth and the effect exhibits geographic heterogeneity. Importantly, the effect of financial inclusion on total factor productivity growth occurs as a result of providing loans to support production transformation based on specialization and cooperation. Our results could help other developing countries address similar unbalanced development problems.

ACS Style

Yue Hu; Chang Liu; Jiangang Peng. Financial inclusion and agricultural total factor productivity growth in China. Economic Modelling 2020, 96, 68 -82.

AMA Style

Yue Hu, Chang Liu, Jiangang Peng. Financial inclusion and agricultural total factor productivity growth in China. Economic Modelling. 2020; 96 ():68-82.

Chicago/Turabian Style

Yue Hu; Chang Liu; Jiangang Peng. 2020. "Financial inclusion and agricultural total factor productivity growth in China." Economic Modelling 96, no. : 68-82.

Journal article
Published: 01 May 2019 in Sustainability
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It is necessary to analyze the relationship between financial inclusion and circumstances-monetary policy and economic fundamentals, which has a practical reference value for policy makers. This paper studies the impact of the circumstances on financial inclusion factors by using a vector autoregressive method. Empirical results show that monetary policy has a short-term positive impact on financial inclusion factors, while the economic fundamental has the opposite, which means that the positive monetary policy promote the development of financial inclusion in the short term and the sudden change of the economic situation will make it harder. Based on the data of the World Bank and the situation of China, we make an analysis and comparison of the empirical results, and draw two implications: first, the sustainable development of financial inclusion needs a suitable circumstance; second, the appropriate coordination and mutual facilitation of economic fundamentals and finance is conducive to the sustainable development of financial inclusion.

ACS Style

Xuluo Yin; Xuan Xu; Qi Chen; Jiangang Peng. The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively? Sustainability 2019, 11, 2524 .

AMA Style

Xuluo Yin, Xuan Xu, Qi Chen, Jiangang Peng. The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively? Sustainability. 2019; 11 (9):2524.

Chicago/Turabian Style

Xuluo Yin; Xuan Xu; Qi Chen; Jiangang Peng. 2019. "The Sustainable Development of Financial Inclusion: How Can Monetary Policy and Economic Fundamental Interact with It Effectively?" Sustainability 11, no. 9: 2524.

Journal article
Published: 24 July 2018 in Emerging Markets Finance and Trade
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ACS Style

Bo Liu; Chang Liu; Jiangang Peng. Interest Rate Pass-Through in China: An Analysis of Chinese Commercial Banks. Emerging Markets Finance and Trade 2018, 54, 3051 -3063.

AMA Style

Bo Liu, Chang Liu, Jiangang Peng. Interest Rate Pass-Through in China: An Analysis of Chinese Commercial Banks. Emerging Markets Finance and Trade. 2018; 54 (13):3051-3063.

Chicago/Turabian Style

Bo Liu; Chang Liu; Jiangang Peng. 2018. "Interest Rate Pass-Through in China: An Analysis of Chinese Commercial Banks." Emerging Markets Finance and Trade 54, no. 13: 3051-3063.

Journal article
Published: 09 February 2018 in Sustainability
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Currently, oil is the key element of energy sustainability, and its prices and economy have a strong mutual influence. Modeling a good method to accurately predict oil prices over long future horizons is challenging and of great interest to investors and policymakers. This paper forecasts oil prices using many predictor variables with a new time-varying weight combination approach. In doing so, we first use five single-variable time-varying parameter models to predict crude oil prices separately. Second, every special model is assigned a time-varying weight by the new combination approach. Finally, the forecasting results of oil prices are calculated. The results show that the paper’s method is robust and performs well compared to random walk.

ACS Style

Xuluo Yin; Jiangang Peng; Tian Tang. Improving the Forecasting Accuracy of Crude Oil Prices. Sustainability 2018, 10, 454 .

AMA Style

Xuluo Yin, Jiangang Peng, Tian Tang. Improving the Forecasting Accuracy of Crude Oil Prices. Sustainability. 2018; 10 (2):454.

Chicago/Turabian Style

Xuluo Yin; Jiangang Peng; Tian Tang. 2018. "Improving the Forecasting Accuracy of Crude Oil Prices." Sustainability 10, no. 2: 454.

Journal article
Published: 01 December 2015 in Asia-Pacific Journal of Financial Studies
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We compare the contagion risk in the interbank market between China and the United States during the period from 2011 to 2013. Applying simulation method, we find that the contagion risk of an individual bank shock in the US interbank market is relatively lower than that in China during the period. For a group bank shock, we find that the group with the lowest capital adequacy ratio in China induces a serious contagion, while the group with the highest concentration degree in the US induces a mild contagion. One potential reason is that the additional capital of most commercial banks in China is relatively lower than that of the US and most banks in China highly depend on the interbank market for acquiring liquidity or income.

ACS Style

Ziwei Fei; Xiaoquan Jiang; Li Zeng; Jiangang Peng. The Shocks in the Interbank Market: An Analysis of China and the US. Asia-Pacific Journal of Financial Studies 2015, 44, 877 -898.

AMA Style

Ziwei Fei, Xiaoquan Jiang, Li Zeng, Jiangang Peng. The Shocks in the Interbank Market: An Analysis of China and the US. Asia-Pacific Journal of Financial Studies. 2015; 44 (6):877-898.

Chicago/Turabian Style

Ziwei Fei; Xiaoquan Jiang; Li Zeng; Jiangang Peng. 2015. "The Shocks in the Interbank Market: An Analysis of China and the US." Asia-Pacific Journal of Financial Studies 44, no. 6: 877-898.

Journal article
Published: 01 March 2014 in Emerging Markets Finance and Trade
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ACS Style

Jiangang Peng; Nicolaas Groenewold; Xiangmei Fan; Guanzheng Li. Financial System Reform and Economic Growth in a Transition Economy: The Case of China, 1978-2004. Emerging Markets Finance and Trade 2014, 50, 5 -22.

AMA Style

Jiangang Peng, Nicolaas Groenewold, Xiangmei Fan, Guanzheng Li. Financial System Reform and Economic Growth in a Transition Economy: The Case of China, 1978-2004. Emerging Markets Finance and Trade. 2014; 50 (sup2):5-22.

Chicago/Turabian Style

Jiangang Peng; Nicolaas Groenewold; Xiangmei Fan; Guanzheng Li. 2014. "Financial System Reform and Economic Growth in a Transition Economy: The Case of China, 1978-2004." Emerging Markets Finance and Trade 50, no. sup2: 5-22.

Journal article
Published: 16 April 2012 in Review of Development Economics
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The dynamic relations among national economic growth, economic disparity, and financial disparity in China are examined. Specifically, the focus is on whether economic disparity or financial disparity affects national economic growth. As measures of economic and financial disparity across regions and provinces, the Williamson coefficient of disparity is employed using both regional data (eastern, central, and western) and provincial data (from 31 provinces). Overall, it is found that both provincial financial disparity and, to a lesser degree, economic disparity have a negative effect on national economic growth. In addition, financial disparity appears to be exogenous, suggesting that financial disparity is not influenced by either economic disparity or national economic growth.

ACS Style

Bong-Soo Lee; Jiangang Peng; Guanzheng Li; Jing He. Regional Economic Disparity, Financial Disparity, and National Economic Growth: Evidence from China. Review of Development Economics 2012, 16, 342 -358.

AMA Style

Bong-Soo Lee, Jiangang Peng, Guanzheng Li, Jing He. Regional Economic Disparity, Financial Disparity, and National Economic Growth: Evidence from China. Review of Development Economics. 2012; 16 (2):342-358.

Chicago/Turabian Style

Bong-Soo Lee; Jiangang Peng; Guanzheng Li; Jing He. 2012. "Regional Economic Disparity, Financial Disparity, and National Economic Growth: Evidence from China." Review of Development Economics 16, no. 2: 342-358.

Journal article
Published: 30 December 2010 in Australian Economic Papers
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China's growth has recently been spectacularly high but there have been expressions of concern about its uneven regional distribution. It has been asserted that this has been partly due to national financial institutions (mainly state‐owned banks) redirecting deposits from poor to rich regions and that this will be improved by smaller regionally‐focussed institutions. We test these propositions using both informal analysis and more formal econometrics employing recent panel time‐series methods. We find that (i) there is no evidence that deposits are siphoned off from the poor provinces for loans in rich provinces; (ii) financial disparities are positively related to output disparities, (iii) the link is stronger for rural credit co‐operatives than for state‐owned banks and (iv) the relationship is causal in both the long and short runs.

ACS Style

Jiangang Peng; Jing He; Zhangfei Li; Yu Yi; Nicolaas Groenewold. REGIONAL FINANCE AND REGIONAL DISPARITIES IN CHINA. Australian Economic Papers 2010, 49, 301 -322.

AMA Style

Jiangang Peng, Jing He, Zhangfei Li, Yu Yi, Nicolaas Groenewold. REGIONAL FINANCE AND REGIONAL DISPARITIES IN CHINA. Australian Economic Papers. 2010; 49 (4):301-322.

Chicago/Turabian Style

Jiangang Peng; Jing He; Zhangfei Li; Yu Yi; Nicolaas Groenewold. 2010. "REGIONAL FINANCE AND REGIONAL DISPARITIES IN CHINA." Australian Economic Papers 49, no. 4: 301-322.

Journal article
Published: 17 March 2009 in International Journal of Banking and Finance
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Most empirical analysis of the finance-growth nexus has used measures of financial development such as the ratio or monetary of financial assets to GDP to measure financial development. We argue that from a policy perspective measures of financial liberalisation or reform are of greater interest and, besides, are less likely to be beset by endogeneity problems which have dogged the empirical growth literature. We develop such a measure by combining the ‘Delphi’ method and principal components analysis to construct an index of financial liberalisation for China. Much of China’s financial development has been policy-driven and we could expect to find a distinct difference, at least in timing, between measures of financial reform and financial development. We compare our financial liberalisation index to a number of standard measures of financial development and find that there is pervasive evidence that financial liberalisation Granger-causes financial development but not vice versa.

ACS Style

Nicolaas Gronewold; Jiangang Peng; Guanzheng Li; Xiangmei Fan. Financial Liberalization or Financial Development? Tests Using Delphi-Based Index Ofliberalization. International Journal of Banking and Finance 2009, 6, 95 -115.

AMA Style

Nicolaas Gronewold, Jiangang Peng, Guanzheng Li, Xiangmei Fan. Financial Liberalization or Financial Development? Tests Using Delphi-Based Index Ofliberalization. International Journal of Banking and Finance. 2009; 6 (1):95-115.

Chicago/Turabian Style

Nicolaas Gronewold; Jiangang Peng; Guanzheng Li; Xiangmei Fan. 2009. "Financial Liberalization or Financial Development? Tests Using Delphi-Based Index Ofliberalization." International Journal of Banking and Finance 6, no. 1: 95-115.