Personal Details
Name: LONGYAO ZHANG
Degree: Ph.D.
Major: Finance
Title: Professor, Doctoral supervisor
Contact details: Phone: +86-189-5177-2188
Office: +86-25-84396896
E-mail: zhangly@njau.edu.cn
Education
Ph. D. in Agricultural Economics (Rural Finance), Nanjing Agricultural University
(2007-2010)
B.A. in Economics, Nanjing Agricultural University, 2002-2006
Major Research Interests
Rural Finance, Agricultural Value Chain Finance, Development Economics,
Microfinance, Banking
Longyao Zhang is Deputy Dean and Professor of Finance at College of Finance,
Nanjing Agricultural University. He worked as a postdoctoral researcher at
Economics & Management School and Economic Development Research Center
of Wuhan University from 2010-2012. In 2011, he worked as a research assistant
at the International Poverty Reduction Center in China (IPRCC). Since 2013, he
also served as assistant director at the Research Center for Rural Finance of
Jiangsu Province, funded by the Department of Education in Jiangsu Province. He
worked as a visiting scholar at the Victoria Institute of Strategic Economic
Studies (VISES) of Victoria University Melbourne from 2016-2017.
He was awarded the Ph.D. degree from Nanjing Agricultural University in 2010.
His research interests include rural credit market, agricultural value chain
finance, microfinance, bank lending behavior, and financial development. He has
also written empirical papers in rural credit market with a growing focus on
rural land titling and credit access in China, microfinance development in China
and China’s bank lending behavior.
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Selected Research Grants
1. Chief Investigator, ‘Impact Evaluation of Pilot Rural Land Mortgage Program in
Rural China’, funded by National Natural Science Foundation of China (NSFC),
2016-2019.
2. Chief Investigator, ‘Agricultural Value Chain Finance in China: Mechanisms,
Effects and Policy Implications, funded by Chinese Universities Scientific Fund,
2015-2017.
3. Chief Investigator, ‘Rural Land Property Rights Reform and Rural Credit
Market’, funded by National Natural Science Foundation of China (NSFC),
2012-2015.
4. Chief Investigator, ‘How to Achieving Financial Inclusion in Jiangsu Province’,
supported by Key Projects Supported by Philosophy and Social Sciences Funds of
Jiangsu Province, 2013-2015.
5. Chief Investigator, ‘Market Structure, Lending Technology and Credit
Availability for Rural SMEs’, supported by Doctoral Foundation of Ministry of
Education, 2012-2014.
6. Chief Investigator, ‘Financial Development and Entrepreneurship’, supported
by Ministry of Education, 2012-2014.
7. ‘A Study on Financing of Farmers’ Cooperatives in the Poor and Ethnic
Minority Areas of China –the Case of Yunnan’, supported by Ford Foundation
(Beijing), 2010-2011.
8. Chief Investigator, ‘Rural Financial Product and Service Innovation in China’,
supported by Social Science Major Research Foundation of Ministry of Education,
2010-2012.
9. ‘Rural Regional Financial Development --Based on County Economy in Jiangsu
and Anhui Provinces’, supported by National Natural Science Foundation of
China, 2010-2012.
10. ‘The Rural Credit Cooperatives Reform, Changes of Rural Financial Markets
and Rural Development in China’, supported by Ford Foundation(Beijing),
2007-2008.
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Research Report in English
Enjiang Cheng and Longyao Zhang (2013), ‘Literature Review and Case Studies
on Innovative Value Chain Financing for Agriculture and Food in China and other
Developing Countries, IFPRI Working Paper.
Refereed Journal Articles (in Chinese)
Longyao Zhang (2018), ‘The Economies of Scale and Productivity under Credit
Rationing in Chinese Agriculture’, Chinese Rural Economy, No.7, 2018 (with
Nan Zhou, Yuyun Xu and Bi Wu)
Longyao Zhang (2018), ‘Financial Inclusion Heterogeneity: Market Failure or
Institutional Defect’, Economic Review, No.3, 2018 (with Qianqian Ma and
Rongmao Liu)
Longyao Zhang (2018), ‘Land Rights Certification, Property Right State and
Long-term Agricultural Investment: A Re-examination Based on the New
Round Reform’, China Rural Survey, No.3, 2018 (with Ruiyao Ying,
Zaizhong He and Nan Zhou)
Longyao Zhang (2016), ‘Financial Leverage Regulation and Trade-offs
between Sustainability and Outreach of Micro-credit Companies in China:
Evidence from Dual-Regulation Quasi-experiment’, Journal of Financial
Research, No.6, 2016 (with Jun Yang and Enjiang Cheng).
Longyao Zhang (2015), ‘An Estimate of the Effects of Rural Land Property Rights
Reform on Farmers’ Incomes’, Issues in Agricultural Economy, No.6, 2015
(with Junjie Liu).
Longyao Zhang (2015), ‘Rural Land Property Rights and Mortgage Reform in
China: Issues, Implications and Challenge’, Issues in Agricultural Economy,
No.2, 2015, (with Junjie Liu).
Longyao Zhang (2013), ‘Community Financial Resources, Household Credit
Constrained and Entrepreneurship—Evidence from CHARLS’, Journal of
Agrotechnical Economics, No.11, 2013 (with Jun Yang and Yan Jiang).
Longyao Zhang (2013), ‘Financial Constraints and Household Entrepreneurship:
The Differences between Urban and Rural area in China’, Journal of
Financial Research, No.9, 2013, with Haining Zhang.
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Longyao Zhang (2013), ‘Financial Development, Household Entrepreneurship
and Urban–Rural Income Gap’, Chinese Rural Economy, No.7, 2013 (with
Jun Yang and Haining Zhang).
Longyao Zhang (2013), ‘Social Capital and Microcredit Risk: Evidence from
Group Lending in China’, Economics Perspectives, No.2, 2013 (with Chang
Chen and Junjie Liu).
Longyao Zhang (2011), ‘Understanding Non-price Credit Rationing in Rural
China’, Journal of Financial Research, No.10, 2011 (with Chun Jiang).
Longyao Zhang (2011), ‘Rural Land Mortgage and Credit Access’, Economics
Perspectives, No.11, 2011 (with Jun Yang).
Longyao Zhang (2011), ‘Credit Demand, Transaction Cost and Rural Interest Rate
Liberalization: A Microeconometric Analysis of Household Surveys’,
Finance and Trade Economics, No.11, 2011 (with Jun Yang).
Longyao Zhang (2010), ‘The Effect of Rural Financial Market Structure on
Performance of RCCs (Rural Credit Cooperatives): Evidence from
County-level Panel Data’, Issues in Agricultural Economy, No.2, 2010 (with
Huichun Huang, Baojin Chu).
Longyao Zhang (2009), ‘Household Welfare under Credit Rationing: Theory and
Evidence from Rural China’, Chinese Rural Economy, No.6, 2009 (with
Baojin Chu and Yajuan Lu).
Longyao Zhang (2009), ‘Bank Scale and Bank-firm Relationship: Based on SMEs
in South Jiangsu’, Economic Theory and Business Management, No.8, 2009
(with Ting Wu).
Longyao Zhang (2008), ‘Empirical Analysis on the Mechanism and Effect of
Anti-Poverty Micro-loans of RCCs—Case Study from Jiangsu Province’,
Chinese Rural Economy, No.5, 2008 (Baojin Chu and Bing Hao).
Working Papers (in English)
Longyao Zhang, Enjiang Cheng and Sara Su, (2018), ‘Responding to Financial
Crisis: Bank Credit Expansion with Chinese Characteristics’, Nanjing
Agricultural University and State University of New York at New Paltz.
Longyao Zhang, Wenli Cheng, Enjiang Cheng and Bi Wu, (2018), ‘Does Rural Land
Titling Improve Rural Credit Access? Evidence from China’, Nanjing
Agricultural University and Monash University.
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Longyao Zhang (2017), ‘Heterogeneity in Household Access to Finance: Market
Failure or Institution Exclusion?’, Nanjing Agricultural University.
Books (in Chinese)
Zhang L. (2013), Financial Development and Entrepreneurship: The Difference
between Urban and Rural Areas in China, Economy & Management Press
Zhang L. (2012), Rural Financial Market Failures and Financial Innovation in
China, Science Press (with Baojin Chu).
Book Chapters (in Chinese)
Zhang L. (2014), ‘Research on Problems of Financing of Farmers' Cooperative in
Areas of Poor and Minority in China’, with Enjiang Cheng, in “Essays on
Agricultural Cooperatives and Financing”, edited by Enjiang Cheng, Xichuan
Liu and Jianlun Zhang, Zhejiang University Press, 2014.1.
