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Michael Pettis

Affiliation: Peking University

Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. He has also taught, from 2002 to 2004, at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia University’s Graduate School of Business.

Pettis has worked on Wall Street in trading, capital markets, and corporate finance since 1987, when he joined the Sovereign Debt trading team at Manufacturers Hanover (now JP Morgan). Most recently, from 1996 to 2001, Pettis worked at Bear Stearns, where he was Managing Director-Principal heading the Latin American Capital Markets and the Liability Management groups.

Visit: China Financial Markets




Michael Pettis's Latest Articles | 99

China’s 4 Trillion Yuan Stimulus Seems to be Losing Steam

Nov 11, 2008| 

On Sunday I suggested that the newly-announced RMB 4 trillion fiscal package would cause markets to surge, but that the rally would not last very long as analysts... Read »

Can China Adjust to the US Adjustment?

Nov 9, 2008| 

After dropping as low as 1679 on Tuesday the Chinese stock markets managed nonetheless managed to put in a decent week, with the SSE Composite closing the week at... Read »

Congratulations Mr. Obama, But Its Tough Out There

Nov 8, 2008| 

I always seem to be traveling when exciting things are happening. I just got back this morning from four days in Paris, where I had to go for our annual Board of... Read »

China’s Domestic Market: Don’t Count Too Heavily on It

Nov 3, 2008| 

There’s still no respite for Chinese stocks. The market bounced around violently today with the SSE Composite making at least eight or nine up or down moves of... Read »

Balance-Sheet Structure: The Main Cause of Financial Contagion

Nov 1, 2008| 2

Local stock markets ended the week with Chinese investors once again ignoring the world markets. Rising markets abroad were met with sharp declines (albeit not... Read »

China: Rising domestic demand? Declining domestic demand?

Oct 30, 2008| 

China’s stock markets keep bouncing around, sometimes in synch with the rest of the world and sometimes out of synch. Yesterday it was out of synch as it lost... Read »

You want volatility?

Oct 28, 2008| 

Yesterday was not a good day to be long stocks – in any country. In China the market dropped nearly 3% in the first half hour of trading, and then took off another... Read »

Bring On the New Financial Order and Punish the Old Scoundrels

Oct 26, 2008| 

The third down week in a row had the SSE Composite finishing with a 1.1% loss Thursday and a 1.9% loss Friday, to close at 1840. Checking the historical data provided... Read »

CITIC Pacific and Risk Management Practices

Oct 22, 2008| 

After several rallies in the past month I said it was just a question of time before the Chinese stock markets tested its recent lows, and today the SSE Composite... Read »

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