Jun Qian

Education Background:Ph.D. in Financial economics, University of Pennsylvania

Research Interests:Capital Markets, Corporate Finance, Financial Institutions, International Finance

Primary Email:qianj@fudan.edu.cn


Selected Publications

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Professor Jun Qian has been Professor of Finance and Executive Dean at the International School of Finance (FISF), Fudan University since the school was founded in June 2017. He was elected to the Standing Committee of the Chinese People’s Political Consultative Conference, Shanghai Committee, in January 2023. Prior to joining FISF, he was Professor of Finance and Director of the DBA/EMBA/EE programs at the Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University; he was also the Deputy Director of China Academy of Financial Research. Before returning to China, he was a tenured finance professor at the Carroll School of Management, Boston College.

Professor Qian’s research interests span many areas of corporate finance, financial institutions, and capital markets. His research papers have been published in top academic journals including the Journal of Finance, Review of Financial Studies, Journal of International Economics, and Management Science. One of his best-known papers, entitled “Law, finance, and economic growth in China,” published in the Journal of Financial Economics (JFE) in 2005, won an “All-Star” paper award based on its large number of citations (as of March 2021, the average citation per year by journal articles since publication is 60.3, ranked 14th among all the papers published by the JFE). In the paper, he and his coauthors explained how China has achieved its impressive economic growth without strong formal legal institutions or an efficient, ‘standard’ financial system that includes a stock market and a banking sector. This paper has led to a large and growing number of studies examining the role of alternative (non-market, non-bank) financing channels and governance mechanisms in promoting economic growth in China and other emerging markets. He recently published a book entitled The Power of China’s Financial System, and has contributed book chapters on developing financial systems in China and other emerging markets.

Professor Qian is on the Advisory Board of European Journal of Finance, an Associate Editor of Frontiers of Economics in China, and was on the editorial board of Review of Finance. He is a Senior Fellow of the Asian Bureau of Finance and Economic Research, and a Research Fellow at the Financial Institutions Center of the Wharton School, University of Pennsylvania. He was also one of the academic advisors for The Chinese Finance Association, the largest organization for Chinese finance practitioners in the U.S. He has served as a visiting, special-term or guest professor at MIT’s Sloan School of Management, the Wharton School, Stanford Graduate School of Business, School of Economics and Management of Tsinghua University, among other institutions. He also serves as a member of the Academic Committee of the Capital Market Research Institute of the Shanghai Stock Exchange, and one of the first group of international financial legal experts of the Shanghai High People’s Court. He was an independent director of China CITIC Bank (2016-2022).

Professor Qian received his Ph.D. from the University of Pennsylvania in 2000, and his B.S. degree from University of Iowa. He also enrolled at Department of International Economics, Fudan University, as an undergraduate.


(Updated by March 2024)

  • Franklin Allen, Jun "QJ" Qian, Chenyu Shan and Julie Lei Zhu, Dissecting the Long-term Performance of the Chinese Stock Market, Journal of Finance, 2024, Volume 79, Issue 2, Pages 993-1054.
  • Franklin Allen, Xian Gu, Wei Li, Jun "QJ" Qian and Yiming Qian, Implicit Guarantees and the Rise of Shadow Banking: the Case of Trust Products, Journal of Financial Economics, 2023, Volume 149, Issue 2, Pages 115-141.
  • Zhangkai Huang, Lixing Li, Guangrong Ma and Jun "QJ' Qian, The Reversal of Privatization in China: A Political Economy, Journal of Corporate Finance, December 2021, Volume 71, 102115.
  • Franklin Allen, Elena Carletti, Robert Cull, Jun "QJ" Qian, Lemma Senbet, and Patricio Valenzuela, Improving Access to Banking: Evidence from Kenya, Review of Finance, 2021, Volume 25, Issue 2, Pages 403-447.
  • Ke li, Lei Lu, Jun Qian, and Julie Lei Zhu, Enforceability and the Effectiveness of Laws and Regulations, Journal of Corporate Finance, 2020, Volume 62, 101598.
  • Jun “QJ” Qian, and Julie Lei Zhu, Return to Invested Capital and the Performance of Mergers and Acquisitions, Management Science, 2018, Volume 64, Issue 10, Pages 4471-4965.
  • Aragon George, Lei Li, and Jun Qian, The Use of Credit Default Swaps by Bond Mutual Funds: Liquidity Provision and Counterparty Risk, Journal of Financial Economics, 2019, Volume 131, Issue 1, Pages 168-185.