嘉宾介绍：高昊宇，中国人民大学吴玉章特聘教授，博士生导师，财政金融学院货币金融系副主任，中国银行业研究中心副主任，国家优秀青年科学基金项目获得者、第5届中国科协“青年人才托举工程”入选人。研究兴趣主要集中在银行与金融中介、金融风险管理、可持续金融与中国资本市场等方面。代表性学术成果发表在The Journal of Finance (JF)、The Review of Financial Studies (搁贵厂)、Journal of Financial Economics (闯贵贰)、Journal of Financial and Quantitative Analysis (闯贵蚕础)、《管理世界》、《金融研究》、《系统工程理论与实践》、《管理科学学报》、《世界经济》、《经济学季刊》等国内外金融管理领域权威刊物。他结题一项国家自然科学基金青年项目（后评估特优），主持一项国家自然科学基金面上项目。他还是中国系统工程学会理事、金融系统工程专业委员副主任。
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讲座介绍：Using manually collected FinTech patent data, we find that regional FinTech development significantly reduces the stock market's reaction to earnings announcements of companies in those areas. This supports the hypothesis that regional FinTech innovation can produce information that substitutes for corporate financial reports in capital markets. Mechanism analysis shows that the incremental and timely information generated by FinTech can effectively replace the information disclosed in financial reports. The information effect of FinTech development is particularly evident in situations with high information asymmetry or significant uncertainty in trading decisions. We rule out the alternative explanation that a decline in the quality of financial reports causes the weaker market reaction. Our findings indicate that FinTech innovation improves the ability of market investors to acquire and process firm information, thereby increasing the information content of prices in financial markets.
