Zheng (Michael) SONG is Wei Lun Professor of Economics and the Department Head at the Department of Economics, Chinese University of Hong Kong (CUHK). He is a Fellow of the Econometric Society and a Senior Fellow of Asian Bureau of Finance and Economic Research (ABFER). His research focuses on Chinese economy and macroeconomics. His papers were published by leading academic journals including American Economic Review, Econometrica and Journal of Political Economy. He won Sunyefang Economic Science Award in 2013. He is an Associate Editor of Econometrica, Journal of International Economics, and Review of Finance. He is a Co-Director of CUHK-Tsinghua Joint Research Center for Chinese Economy, a Co-Director of CUHK-Zhejiang University Joint Research Center for Digital Economy, a Distinguished Visiting Professor at Tsinghua University and Zhejiang University, and special-term professor at Peking University. He sits on Business Studies Panel of Research Grants Council of Hong Kong (RGC). He is a Currency Board Sub-Committee member of the Hong Kong Exchange Fund Advisory Committee. He is also an academic advisor to Hong Kong Institute for Monetary and Financial Research.