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  • Hua Sheng (华生)
    Gender : Male
Scholar
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Occupation

President of Yanjing Overseas Chinese University, Chairman of Zhuhai branch of Beijing Normal University

Education

1978 - 1982, Hua studied in Nanjing Institute of Technology (now Southeast University) and obtained a bachelor's degree

1985, he graduated from the Department of finance, Graduate School of Chinese Academy of Social Sciences with master's degree

Experience

In September 1984, at the first national economic reform seminar for middle-aged and young people held in Moganshan, Deqing County, Zhejiang Province, Huasheng, who was still studying for master's degree at that time, together with his peers, first proposed and systematically demonstrated the idea of dual track price reform in China, which was adopted by the State Council. This reform is an important historical breakthrough in the long-term planned economic system in China.

Since 1985, he has worked in the Institute of economics, Chinese Academy of social sciences. He once served as the director of the microeconomic research office and member of the all China Youth Federation. At the same time, he participated in the work of the leading group office of the economic system reform of the State Council. After that, he studied with Dong Furen, a famous economist, and received his doctorate in economics from Wuhan University.

In 1986, at the age of 33, Watson was named one of the first "national experts with outstanding contributions". In the same year, he put forward the reform plan of establishing an independent state-owned asset management system, competitive hiring of enterprise managers, and implementing the asset management responsibility system, and organized the pilot work in Changchun, Wuhan, Nanjing, Chongqing and other places;

In 1987, he went to Oxford University to study;

From 1991 to 1995, he applied for research and teaching at Cambridge University in the UK, during which he participated in the establishment of the Chinese Embassy in the UK In the mid-1990s, he returned to China to be the chairman of Oxford Cambridge International High Tech Co., Ltd., which was approved by the former State Education Commission.

In February 1998, Professor Hua Sheng published an article on the authoritative economic theory journal economic analysis in China. He first raised the issue of A-share ownership and share structure reform. He believed that China's stock market was growing behind the surface prosperity, they need to correct the system defects as soon as possible, redefine the property rights, and use the method of redeeming the circulation right to let the non circulation shares resume circulation.

After 2000, Huasheng became the president of Yanjing overseas Chinese University.

Contribution

Professor Watson is one of the main proponents and promoters of the three important changes (price dual track system, state-owned assets system, split share structure reform) that affect the process of China's economic reform. In September 1984, at the first national economic working of young and middle-aged people conference, he and his colleagues put forward the idea of price dual system reform and was adopted by the State Council to become famous. In 1985, the research team led by Hua Sheng creatively proposed the reform plan of establishing the state-owned assets administration, establishing the state-owned assets management system, competing for managers of enterprises, and implementing the asset management responsibility system. After reporting to the State Council, it organized a pilot project in nationwide, which promoted the establishment of the first state-owned assets administration in 1988. In February 1998, Hua Sheng first proposed the reform of A-share ownership and share separation, he believed that China's stock market needs to correct the system defects as soon as possible, redefine the property rights, and use the method of redemption of the circulation rights to let the non circulation shares return to circulation. In 2005, the central government decided to launch the reform of non tradable shares and achieved success. He has predicted market turning at the top or bottom of the stock market many times and is widely regarded as one of the most influential economists in China's securities market.

Notable Works|Publications

Hua Sheng has won Sun Yefang's economics award, the first prize of excellent papers of the central state organs, and China's economic theory innovation award in 2011. Recent years, he has published monographs such as《What China's Reform Has Done Right Or Not Done》、《False And True Problems In Chinese Stock Market》、《Urbanization Transformation And Trap on Land》. He is also the author of English monograph and 《Economic Thoughts on Chinese Stock Market》which published by Macmillan company, UK

Main Opnions

On July 1, 2001, the paper《The Signal of Long Bear Market》was published near the peak of the stock market, which accurately predicted the coming of a long-term bear market. At the beginning of 2005, after the central government decided to start the reform of non tradable shares, China Securities Journal》published Huasheng's long paper on the first five times in the main stages of the reform, which became the authority to promote the reform of non tradable shares On voice; on May 10, 2005, when the stock index was approaching 1000, Professor Watson published a paper called 《Signal of Market Turning》, which asserted that the bear market was dying and the market was about to turn to the bottom; on May 10, 2006, the first anniversary of the stock reform, he published a paper called 《Meet the New Times of Securities Market》, which predicted the coming of a new era of the stock market; on April 26, 2007, with China Tie Ning, chairman of the Writers Association, married.

Controversy

On May 10, 2007, he published the article 《Signal of Market Overheating》, criticizing the excessive optimism and foreseeing the long-term adjustment of the market. Professor Huasheng's in-depth study and accurate prediction of China's securities market make him widely regarded as one of the most influential economists in China's securities market.

 

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