Sijie Wang

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Ph.D. Candidate in Finance
The Chinese University of Hong Kong, Shenzhen
Curriculum Vitae
Email: 218012036@link.cuhk.edu.cn

Hi there! I am currently a Ph.D. candidate in Finance at the Chinese University of Hong Kong, Shenzhen. My research interests cover Fintech Lending, Language Models in Finance, and Entrepreneurial Finance. I am on the 2025 - 2026 job market.



Working Papers

  1. How Does Regulation Travel with Offshore Financing? Evidence from Initial Coin Offerings, Job Market Paper
    • Abstract: This paper studies how financial flows shape the evolution of regulation by exploiting the unique institutional setting of global initial coin offerings (ICOs), where startups can frictionlessly decouple their physical place of work from their legal place of registration. To capture these dynamics, I construct a novel dataset by systematically distinguishing between these two locations for thousands of ICOs and by coding over two thousand regulatory documents using a large language model framework with Retrieval Augmented Generation. The analysis reveals that stricter domestic regulation drives this decoupling, prompting ICOs to register offshore. This subsequent inflow of migrating firms induces host jurisdictions to strengthen their own regulatory frameworks. This regulatory diffusion is asymmetric and driven by a separating equilibrium: while heavy-handed domestic interventions like outright bans and rough warnings trigger the initial exodus to export risk, offshore financial centers respond by adopting sophisticated disclosure and operational rules to filter for high-quality entrants.
  2. How Does VC Engagement Direct Startup Experimentation? with Xuelin Li, Jiajie Xu, and Xiang Zheng
    • Under Review
    • MFA 2026, NBER Summer Institute 2025, Young Scholars Finance Consortium 2025, Bretton Woods Accounting and Finance Ski Conference 2025, AFA Poster 2025, China Tech-Fin Research Conference 2024
    • Featured in ProMarket
  3. Do Fintech Shadow Banks Compete with Technological Advantages? Evidence from Mortgage Lending, with Siyi Shen and Xiang Zheng
    • Revise & Resubmit, Management Science
    • SAIF Summer Institute of Finance 2023, Northeastern University Finance Conference 2023, Eastern Finance Association 2023, ASSA - IBEFA 2023, Fixed Income and Financial Institutions 2022, Office of the Comptroller of the Currency Research Symposium on the Implication of Financial Technology for Banking 2022
    • Featured in Bank Policy Institute Newsletter