Speaker: Associate Professor Sun Qi (Shanghai University of Finance and Economics)

Host: Assistant Professor Xiong Zeyuan (China Economic Research Institute, Liaoning University)

Guest Introduction: Associate Professor He Chao (China Economic Research Institute, Liaoning University)

Time: October 23, 2026 (Friday) 14:00–15:30 (Beijing Time)

Venue: Meeting Room 547, Economics Division Building, Puhe Campus, Liaoning University

Language: Chinese/English

Abstract

We study debt secured by machines used for artificial-intelligence computation. Their residual value depends on the supplier’s subsequent technology and sales choices, so anticipated obsolescence reduces debt capacity and investment. A supplier residual-value guarantee expands debt capacity but also commits the supplier to introduce a less advanced successor and sell fewer units. The withheld units are a deadweight loss, making the supplier privately the cheapest guarantor but socially the most costly.

Speaker Profile

Qi Sun is an Associate Professor of Finance at Shanghai University of Finance and Economics. He obtained his PhD in USC in 2014. His research interests include corporate finance, macro-finance, fintech, and the digital economy. His recent work studies the financing of artificial intelligence, platform credit, and financial intermediation.His work has been published in top journals in the field of finance and economics, such as JFE, JFQA, EJ, and JEEA.