# Geo-economics and International Finance

**Source**: https://bm.hkust.edu.hk/bizinsight/geo-economics-and-international-finance
**Parent**: https://bm.hkust.edu.hk/bizinsight

In today’s interconnected world, economic decisions are inseparable from geopolitical dynamics. Our research explores how global business and financial systems respond to shifting power structures, and redistribution of world resources. As our researchers examine the evolving relationship between market forces and statecraft, we uncover the drivers of economic influence across trade, capital, innovation, and enforcement.

CHEN, Joy

[GONG, Robin](https://bm.hkust.edu.hk/faculty/gong-robin)

LI, Jinlin

[Industrial Policy in a New Era: Government Venture Capital in the US.-China Trade War](https://bm.hkust.edu.hk/bizinsight/2026/02/industrial-policy-new-era-government-venture-capital-us-china-trade-war)

We study the impact of the US-China trade war on the role of government-funded venture capital (VC), as an instrument of industrial policies, in China's VC market. We document a sizeable disparity in the investment responses of government and private VCs to the trade war. While private VCs significantly reduced their investments, government VCs persistently
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[Read More](https://bm.hkust.edu.hk/bizinsight/2026/02/industrial-policy-new-era-government-venture-capital-us-china-trade-war)

[ [Geo-economics and International Finance](https://bm.hkust.edu.hk/bizinsight/geo-economics-and-international-finance "Geo-economics and International Finance") ]

[Read Full Paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4218297)