Geng XIAO is Professor of Practice in Finance and Public Policy at School of Business and Faculty of Social Sciences of HKU, a member of the Steering Committee for the joint executive degree program of the Master of Global Public Policy by HKU and USC, and Deputy Director of the Institute for China and Global Development of HKU. He is also President of Hong Kong Institution for International Finance, Deputy Chairman of the Academic Council of the Center for China and World Economy established by Shanghai Academy of Social Sciences and Shanghai Government Development Research Center, and a member of the Academic Council of the International Monetary Institute of Renmin University of China. He holds B.S. in Management Sciences from University of Science and Technology of China and MA and PhD in Economics from UCLA.Over last few decades Professor Xiao has played important roles in many academic, policy research, business, and regulatory institutions, holding positions such as Vice President for China at the Fung Global Institute, Director of the Columbia University’s Global Centers for East Asia, founding Director of the Brookings-Tsinghua Center for Public Policy, Senior Fellow of the Brookings Institution, Head of Research and Advisor to Chairman at Securities and Futures Commission of Hong Kong, Vice President of the Chinese Economists Society in the US, Independent and Non-Executive Director and Chairman of Risks Committee of HSBC Bank (China), Member of the Supervisory Board of the Shenzhen Development Bank, Independent Director of the Genesis Emerging Market Fund, and Consultant for the World Bank and UNDP.Professor Xiao has focused on empirical and policy research on China, covering macroeconomics, exchange rate, finance, restructuring of state-owned enterprises, productivity change, development of cities, and US-China relations. He contributes regularly to a monthly column on China at the Project Syndicate.