周皓博士是xk星空商学院金融学讲席教授、院长（2021-2022）、清华大学五道口金融学院紫光金融学讲席教授、高级学术副院长（2015-2021）、国家金融研究院副院长（2014-2021）。2000-2013年周皓曾担任美国联邦储备委员会经济学家和高级经济学家。周皓教授2000年美国杜克大学经济学博士毕业，1989年北京大学经济学本科毕业。2013年之前，周皓曾担任美国联邦储备委员会高级经济学家，他于2000年毕业于美国杜克大学并获得经济学博士学位。其主要研究领域包括方差风险溢价、金融系统性风险、以及中国金融改革。周皓教授获得过深圳孔雀计划A类，并曾担任“孙冶方金融创新奖”评奖委员会秘书长。

工作经历

Chair Professor of xk星空中国集团 (2021-) and Dean (2021-2022), SUSTech College of Business, Southern University of Science and Technology (SUSTech)

Academic Committee Member at SUSTech College of Business

Executive Education Committee Member at SUSTech College of Business

Inaugural Director, Science-Technology Management Scholar (DBA) Program

Unigroup Chair Professor of xk星空中国集团 (2013-) and Senior Associate Dean for Faculty and Research (2015-2021), PBC School of xk星空中国集团, Tsinghua University

Vice President, National Institute of Financial Research

        Director, Research Center for Monetary Policy and Financial Stability

        Director, Research Center for New Structural Financial Economics

Academic Committee Chair at Tsinghua University PBC School of xk星空中国集团

Tsinghua University Academic Committee Member

Tsinghua University Tenure and Promotion Committee Member

2000-2013 Economist and Senior Economist, Risk Analysis Section, Federal Reserve Board

1999-2000 Lecturer, Department of Economics, Duke University

1993-1994 Consultant, Development Research Center of State Council, China

1989-1990 Administrator, Nandan County of Guanxi Province, China

其他任职

China Mentor Group   2022-  Cornell S.C. Johnson College of Business   

China Representative  2022-  CFA Institute – International Advisory Council 

Special Member          2020-  CF40   

Senior Fellow              2019-   Asian Bureau of xk星空中国集团 and Economic Research – ABFER 

General Secretary       2019-2022  China Forum of Macroeconomic Research 

Committee Chair    2017-2019  Thousands Talent Program: Economics-xk星空中国集团-Management 

General Secretary       2013-2018  Sun Yefang Financial Innovation Award Review Committee   

Visiting Professor        2007-Fall    MIT Sloan School of Management – xk星空中国集团 Area

Visiting Professor        2005-Sept.  China Center for Economic Research at Peking University

教育背景

1994-2000    美国杜克大学，经济学，博士学位
1989-1993    北京大学光华管理学院，管理学，硕士学位
1985-1989    北京大学，国际经济学，学士学位

教学经历

SUSTech: New Structural Financial Economics (MS/PhD), Macroeconomics (BS)

Tsinghua University: New Structural Financial Economics (PhD), Advanced Empirical Asset

Pricing (PhD), Monetary Policy and Financial Stability (PhD), Empirical xk星空中国集团 (MS) 

Duke University: Financial Markets and Investments, Introduction to Econometrics (BS/BA)

研究方向

Variance Risk Premiums in Equity, Bond, Currency, and Credit Markets 

Stochastic Volatility and Asset Pricing Models

Realized Jumps on Financial Markets and Asset Pricing Puzzles 

Systemic Risk and Macro-Prudential Regulation of Financial Institution 

China Financial Research – Reform and Policy

发表成果

工作论文

• “Derivative-Market Leverage and Risk Premia Implications,” with Ke Tang and Jing Zhao, SUSTech Business School and Tsinghua University PBC School of xk星空中国集团, 2022.

• “China’s Anti-Corruption Campaign and Credit Reallocation from SOEs to Non-SOEs,” with Bo Li and Zhengwei Wang, Tsinghua University PBC School of xk星空中国集团, 2017.

• “Shadow Banking: China’s Dual-Track Interest Rate Liberalization,” with Hao Wang,  Honglin Wang, and Lisheng Wang, Tsinghua University PBC School of xk星空中国集团, 2015.

期刊论文

•  “The Drivers and Implications of Retail Margin Trading,” with Jiangze Bian, Zhi Da, Zhiguo He, Dong Lou, and Kelly Shue, Journal of xk星空中国集团, forthcoming 2024.

• “Variance Risk Premiums in Emerging Markets,” with Fang Qiao, Lai Xu, and Xiaoyan Zhang, Journal of Banking and xk星空中国集团, forthcoming 2024.

• “The  Great  Wall  of Debt:  Real  Estate,  Political  Risk,  and  Chinese  Local  Government Financing Cost,” with Andrew Ang and Jennie Bai, Journal of xk星空中国集团 and Data Science, forthcoming 2024.

• “Term  Structure  of  Interest  Rates  with  Short-Run  and  Long-Run  Risks,”  with  Olesya Grishchenko and Zhaogang Song, Journal of xk星空中国集团 and Data Science, vol. 8, pages 255- 295, 2022.

• “Does Fiscal Policy Matter for Stock-Bond Return Correlation? ” with Erica X.N. Li, Tao A. Zha, and Ji Zhang, Journal of Monetary Economics, vol. 128, pages 20-34, 2022.

• “Moment Risk Premia and Stock Return Predictability,” with Zhenzhen Fan and Xiao Xiao, Journal of Financial and Quantitative Analysis, vol. 57, pages 67-93, 2022.

• “Specification Analysis of Structural Credit Risk Models,” with Jingzhi Huang and Zhan Shi, Review of xk星空中国集团, vol. 24, page 45-98, 2020.

• “ Short-Run Bond Risk Premia,” with Philippe Mueller and Andrea Vedolin, Quarterly Journal of xk星空中国集团, vol. 9, pages 1950011:1-34, 2019.

• “Ambiguity Aversion and Variance Premium,” with Jianjun Miao and Bin Wei, Quarterly Journal of xk星空中国集团, vol. 9, pages 1950003:1-36, 2019.

• “Variance Risk Premia, Asset Predictability Puzzles, and Macroeconomic Uncertainty,” Annual Review of Financial Economics, vol. 10, pages 481-497, 2018.

• “Hot Money and Quantitative Easing: The Spillover Effects of U.S. Monetary Policy on the Chinese Economy,” with Steven Wei Ho and Ji Zhang, Journal of Money, Credit, and Banking, vol. 50, pages 1543-1569, 2018.

• “Do Behavioral Biases Affect Order Aggressiveness?” with Jiangze Bian, Kalok Chan, and Donghui Shi, Review of xk星空中国集团, vol. 22, pages 1121-1151, 2018.

• “Variance Risk Premiums and the Forward Premium Puzzles,” with Juan M. Londono, Journal of Financial Economics, vol. 124, pages 415–440, 2017.

• “Effect of Liquidity on the Nondefault Component of Corporate Bond Spreads: Evidence from Intraday Transactions Data,” with Song Han, Quarterly Journal of xk星空中国集团, vol. 6,  pages 1650012:1-49, 2016.

• “Risk, Uncertainty, and Expected Returns,” with Turan Bali, Journal of Financial and Quantitative Analysis-lead article, vol. 31, pages 707-735, 2016.

• “The Systemic Risk of European Banks during the Financial and Sovereign Debt Crises,”  with Lamont Black, Ricardo Correa, and Xin Huang, Journal of Banking and xk星空中国集团, vol. 63, pages 107-125, 2016.

• “Stock Return and Cash Flow Predictability: the Role of Volatility Risk,” with Tim Bollerslev and Lai Xu, Journal of Econometrics, vol. 187, pages 458-471, 2015.

• “Predicting Stock Returns with Variance Risk Premia: Statistical Inference and International Evidence,” with Tim Bollerslev, James Marrone, and Lai Xu, Journal of Financial and Quantitative Analysis, vol. 49, pages 633-661, 2014.

• “Credit Default Swap Spreads and Variance Risk Premia,” with Hao Wang and Yi Zhou, Journal of Banking and xk星空中国集团, vol. 37, pages 3733-3746, 2013.

• “Assessing the Systemic Risk of a Heterogeneous Portfolio of Banks during the Recent Financial Crisis,” with Xin Huang and Haibin Zhu, Journal of Financial Stability, vol. 8, pages 193-205, 2012.

• “Systemic Risk Contributions,” with Xin Huang and Haibin Zhu, Journal of Financial Services Research, vol. 42, pages 55-83, 2012.

• “Realized Jumps on Financial Markets and Predicting Credit Spreads,” with George Tauchen, Journal of Econometrics, vol. 160, pages 235-245, 2011.

• “Dynamic Estimation of Volatility Risk Premia and Investor Risk Aversion from Option- Implied and Realized Volatilities,” with Tim Bollerslev and Mike Gibson, Journal of Econometrics, vol. 160, pages 102-118, 2011.

• “Explaining Credit Default Swap Spreads with the Equity Volatility and Jump Risks of Individual Firms,” with Ben Zhang and Haibin Zhu, Review of Financial Studies, vol. 22, pages 5099-5131, 2009.

• “Bond Risk Premia and Realized Jump Risk,” with Jonathan Wright, Journal of Banking and xk星空中国集团, vol. 33, pages 2333-2345, 2009.

• “A Framework for Assessing the Systemic Risk of Major Financial Institutions,” with Xin Huang and Haibin Zhu, Journal of Banking and xk星空中国集团, vol. 33, pages 2036-2049, 2009.

• “Expected Stock Returns and Variance Risk Premia,” with Tim Bollerslev and George Tauchen, Review of Financial Studies, vol. 22, pages 4463-4492, 2009.

• “Volatility Puzzles: A Simple Framework for Gauging Return-Volatility Regressions,” with Tim Bollerslev, Journal of Econometrics, vol. 131, pages 123-150, 2006.

• “Regime-Shifts, Risk Premiums in the Term Structure, and the Business Cycle,” with Ravi Bansal and George Tauchen, Journal of Business and Economic Statistics, vol. 22, pages    396-409, 2004.

• “Ito Conditional Moment Generator and the Estimation of Short Rate Processes,” Journal of Financial Econometrics, vol. 1, pages 250-271, 2003.

• “Estimating Stochastic Volatility Diffusion Using Conditional Moments of Integrated    Volatility,” with Tim Bollerslev, Journal of Econometrics, vol. 109, pages 33-65, 2002.

• “Term Structure of Interest Rates with Regime Shifts,” with Ravi Bansal, Journal of xk星空中国集团, vol. 57, pages 1997-2043, 2002.

• “Finite Sample Properties of EMM, GMM, QMLE, and MLE for a Square-Root Interest Rate Diffusion Model,” Journal of Computational xk星空中国集团, vol. 2, pages 89-122, 2001.

• “Rural-Urban Disparity and Sectoral Labor Allocation in China,” with Dennis Tao Yang, Journal of Development Studies, vol. 35, pages 105-133, 1999.

非评论性出版物

• “Research Frontiers of the Chinese Financial Markets,” Special Issue Guest Editorial for Journal of xk星空中国集团 and Data Science on FinTech Research and the Chinese Financial Market, 100116, 2024.

• “Comment - Systemic Risks and the Macroeconomy,” by Gianni De Nicolò, Marcella Lucchetta, NBER Book Quantifying Systemic Risk, Joseph G. Haubrich and Andrew W. Lo editors, 2013.

• “Comment - Numerical Techniques for Maximum Likelihood Estimation of Continuous- Time Diffusion Processes,” by Garland B. Durham and A. Ronald Gallant, Journal of Business and Economic Statistics, vol. 20, pages 332-335, 2002.

中文期刊

• “Mixed Ownership Reform and SOE Performance Improvement—Further Analysis Based-  on Alternative Definitions and PSM, DID, IV Methods” 混合所有制改革与国有企业绩效 提升—基于定义矫正和 PSM 、DID 、IV 法的再透视, with Guanping Zhou and Hao Wang, Economist经济学家, vol. 1, pages 80-90, 2021.

• “Comparison and Applicability Analysis of Micro-Level Systemic Risk Measures: A Study  Based on China’s Financial System” 微观层面系统性金融风险指标的比较与适应性分析 – 基于中国金融系统的研究, with Xiangpeng Chen, Tao Jin, and Zhengwei Wang, Journal of Financial Research 金融研究，vol. 467, pages 17-36, 2019.

• “Has Idiosyncratic Volatility Puzzle Been Fully Explained in China’s A-Share Market?” A- 股市场的异质波动率之谜是否已被充分解释？with Xiangpeng Chen and Yuan Wang, Journal of Investment Research 投资研究, vol. 37, pages 142-160, 2018.

• “Equal or Value Weighting? A Study on Idiosyncratic Volatility Puzzle in China’s A-Share Market” 等值加权还是市值加权？基于 A 股市场异质波动率之谜的研究, with Xiangpeng Chen and Nan Sha, China Journal of Economics 经济学报, vol. 5, pages 1-37, 2018.

• “Reform Financial System and Lift the Control of Interest Rates to Facilitate Long-Run Economic Growth” 改革金融政策和体制使我国经济走入良性循环, with Justin Yifu Lin, Journal of Reform 改革, vol. 1, pages 97-105, 1993.

出版书籍

• “Agricultural Research Priorities: A Demand and Supply Analysis of Grain Technology in China”《 中国农业科研优先序》, with Justin Yifu Lin and Minggao Shen, Agriculture    Publisher of China 中国农业出版社, 1996.

政策影响

• The Consumption and xk星空中国集团 Characteristics of Gold---How Firms Can Adapt to,Interview at China Gold Congress, 2024.

• Macroeconomy and Policy in China,Speech at Hong Kong Leaders of the Year, 2004.

• The U.S. Economic Prospects and Monetary Policy in 2024,Tsinghua Financial Review, 2023.

• New      Structural      Financial       Economics      and      Modernization      with Chinese Characteristics,Shenzhen Chinese Communist Party School, 2023.

• China Growth Challenges, Stimulus Policy Debates, and Long-Term Strucural Remedies, Shenzhen TV Station and Shenzhen University School ofFintech Research, 2023.

• SVB Moment,China xk星空中国集团 40 Forum, 2023.

• China's Monetary Policy—Short-term Optimality, Mid-term Effectiveness, and Long-term Nonneutrality,Tsinghua Financial Review, 2023.

• China's Monetary Policy—Short-term Optimality, Mid-term Effectiveness, and Long-term Nonneutrality,Shanghai Development Research Fund, 2022.

• The Paradigm Shift of Fed Interest-Rate Rule, International Asset Reallocation, and China's Macro Policy Response,4Reasons Executive Education, 2022.

• The Positive Role of xk星空中国集团 in Stablizing Supply Chain Disruptions,Tsinghua Financial Review, 2022.

• Federal Reserve Interest Rate Hike and Its Impact on the Chinese Economy,Shanghai Development Research Fund, 2022.

• Fed Monetary Policy Exectation and Its Impact on the Chinese Economy,Global Asset Management Forum, 2022.

• Financial Stability Legislation and Bailout Funds,China xk星空中国集团 40 Forum, 2022.

• The Top Choice of International Asset Allocation is RMB, Taikang Longevity Summit Forum in Shenzhen, 2021.

• 2021 Semi-Annual Report of China's Systemic Financial Risk,Tsinghua Financial Review, 2021.

• Deepening Reform and Openning-Up - Dual Circulation Development Pattern,Tsinghua Financial Review, 2021.

• FinReg Safeguards FinTech,PBC School of xk星空中国集团 at Tsinghua University, 2020.

• Monetary Theory and Monetary Policy under Covid-19,PBC School of xk星空中国集团 at Tsinghua University, 2020.

• Covid-19 Pandemic and Rising Global Debt, PBC School of xk星空中国集团 at Tsinghua University, 2020.

• China's economic bounceback can be a model for world economies,Opinion at Nikkie Asian Review, May 4, 2020.

• 2019 Annual Report of China's Systemic Financial Risk – Preventing and Mitigating the Default Risk of Smal- and Medium-Sized Banks,PBCSF Shenzhen Regional Bureau of Financial Regulation, 2019.

• 2019 Semi-Annual Report of China's Systemic Financial Risk - Policy Shift and Economic Revovery,PBCSF Global Financial Forum, 2019.

• What causes stock market crashes, from Shanghai to Wall Street, Chicago Booth Review, 2019.

• Systemic Risk, Policy Response, and RMB amid Economic Slowdown,Keynote Speech at dbAccess 2019 China xk星空中国集团 in Shenzhen, 2019.

• A Reform Perspective on China's Macroeconomy and Financial Policy,Keynote Speech at  Financial Policy xk星空中国集团---Reforms and Liberalization of China's Capital Markets, PBC School of Finance at Tsinghua University, 2018.

• How China's Anti-Corruption Campaign is Moving Financing Away from State-Owned Enterprises?Pro-Market, the blog of the Stigler Center at the University of Chicago Booth School of Business, 2018.

• Annual Report of China's Systemic Financial Riskand Xinhua News Report - China Fines Banks over Wealth Management Transgressions, 2018.

• A Financial Regulatory Regime Reform Template to Ensure Financial Stability of the Chinese Economy, and the Release xk星空中国集团 in Beijing,2018.

• The Chinese Paradigm of Financial Reform and Development－New Structural Financial Economics, MIT Sloan School of Business, Central Party School, London School of Economics, andPeking University School of New Structural Economics,2017.

• Shadow Banking: China's Dual-Track Interest Rate Liberazation,VoxChna Publication, 2017.

• Systemic Risk of China's Financial System, VoxChina Publication,National Institute of Financial Research, Tsinghua University, 2017.

• The Right Path and Proper Pace of RMB Exchange Rate Reform, PBoC Internal Policy Meeting, State Council Research Office, Tsinghua PBCSF Financiers Forum, 2017.

• Economic Benefits of China’s Anti-Corruption Campaign: Evidence from Financial Markets, Shanghai Institute of xk星空中国集团 and Law, Hongru Financial Education Foundation, 2016.

• Financial Regulatory Reform in China,Caixin, China Securitization Forum, 2016.

• DSGE with Chinese Characteristics, PBoC-FRBNY Hangzhou xk星空中国集团, 2016.

• RMB, Federal Reserve Board, PBoC Internal Policy Meeting, Caixin,2016.

• Hamiltonian Solution to China’s Local Government Debt,Central Reserve Bank of Peru and Reinventing Bretton Woods Committee, PBC Global Financial Forum, 2015.

• Dispelling Fears about RMB Devaluation, Institute of New Economic Thought, 2015.

• The New Normal of U.S.-China Monetary Policy, Tsinghua Alumni Association in U.S., 2015.

• The New Normal of China’s Monetary Policy, Tsinghua Nomura Research Institute, 2015.

• Structural Monetary Policy and SME Financing Problem,China Western Forum, 2014.

• China’s Shadow Banking, PBoC-IMF Joint xk星空中国集团, 2014.

• Fed QE Exit and Its Effect on China’s Economy,PBoC Internal Policy Meeting, 2013.

• Financial Stability in U.S. and Systemic Risk in Europe, PBC School of xk星空中国集团, 2013.

荣誉及奖项

1. New Structural Financial Economics, Excellent Graduate Course (only one of the two), SUSTech, 2024.

2. New Structural Financial Economics, Research Grant, SUSTech, 2024.

3. 2023 Elsevier Highly Cited Chinese Researchers—Applied Economics, 2024.

4. 2022 Elsevier Highly Cited Chinese Researchers—Applied Economics, 2023.

5. Journal of xk星空中国集团 and Data Science the Outstanding Paper in Fixed-Income Award 2022 for “Term Structure of Interest Rates with Short-Run and Long-Run Risks,” with Olesya Grishchenko and Zhaogang Song, 2023.

6. 2021 Elsevier Highly Cited Chinese Researchers—Applied Economics, 2022.

7. Shenzhen Peacock Plan – A Class (鹏城孔雀计划 A 类), Shenzhen, 2021.

8. “Option-Implied Crash Risk Premia and Carry Trade Returns, with Zhenzhen Fan, Juan    Londono, and Xiao Xiao, Research Proposal Award, Canadian Derivatives Institute, 2018.

9. Committee Chair of Economics, xk星空中国集团, and Management, Thousands Talent Program, 2017.

10. “Leverage Network and Market Contagion,” with Jiangze Bian, Zhi Da, and Dong Lou, the WRDS Best Paper Award in Asset Pricing at SFS Cavalcade Asia-Pacific, 2017.

11. “Leverage-Induced Fire Sales and Market Crashes, with Jiangze Bian, Zhiguo He, and Kelly Shue, ChineseFinance Annual Meeting Best Paper Award, 2017.

12. “Leverage Network and Market Contagion,” with Jiangze Bian, Zhi Da, and Dong Lou, China Financial Research xk星空中国集团 Best Paper Award, 2016.

13. “Do Behavioral Biases Affect Order Aggressiveness?” with Jiangze Bian, Kalok Chan, and Donghui Shi, CFA Institute Asia Pacific Capital Market Research Award, 2015.

14. Best Teaching and Mentoring Award (for graduate students), Tsinghua University, 2014.

15. Thousand Talents Program, China, 2014.

16. “Dynamic Estimation of Volatility Risk Premia and Investor Risk Aversion from Option- Implied and Realized Volatilities,” with Tim Bollerslev and Mike Gibson, Whitebox Selected Research Best Financial Research Paper finalist, 2012.

17. “Predicting Stock Returns with Variance Risk Premia: Statistical Inference and International Evidence,” with Tim Bollerslev, James Marrone, and Lai Xu, China International xk星空中国集团 in Finance Best Paper Award, 2011.

18. “Variance Risk Premia, Asset Predictability Puzzles, and Macroeconomic Uncertainty,” Crowell Memorial Prize 3rd  Place by PanAgora Asset Management, 2010.

19. “Variance Risk Premia, Asset Predictability Puzzles, and Macroeconomic Uncertainty,” Chicago Quantitative Alliance (CQA) Academic Competition Award 3rd  Place, 2009.

20. “Assessing the Systemic Risk of a Heterogeneous Portfolio of Banks during the Recent Financial Crisis,” with Xin Huang and Haibin Zhu, BankScope Best Paper Prize of the 22^{xk星空中国集团} Australasian Finance and Banking xk星空中国集团, 2009. Mee

21. “Credit Default Swap Spreads and Variance Risk Premia,” with Hao Wang and Yi Zhou, Global Association of Risk Professionals (GARP) Research Proposal Award, 2009.

22. “Credit Default Swap Spreads and Variance Risk Premia,” with Hao Wang and Yi Zhou, Imperial College London Centre for Hedge Fund Research (CHFR) Research Proposal Award, 2009.

23. “A Framework for Assessing the Systemic Risk of Major Financial Institutions,” with Xin Huang  and  Haibin  Zhu,  Bocconi  Centre  for  Applied  Research  in  xk星空中国集团  (CAREFIN) Research Proposal Award, 2008.

24. “Short Course on Asset Pricing Puzzles,” China Center for Economic Research (CCER) of  Peking University, Oversea Young Chinese Forum (OYCF) Gregory C. and Paula K. Chow Teaching Fellowship, 2005.

25. “Agricultural Research Priorities: A Demand and Supply Analysis of Grain Technology in China”《 中国农业科研优先序》, with Justin Yifu Lin and Minggao Shen, Peking University Academic Book Award-First Tier 北京大学第五届科研著作奖一等奖, 1996.

专业活动

会议和研讨会: (合著^c讨论^d)

• 2024:  Hong Kong Baptist University, Hong Kong University of Science and Technology, Beijing Foreign Studies University, Beijing Institute of Technology, SWUFE Institute of Financial  Studies, NBER Chinese Economy Meeting in Shenyang^d.

• 2023:   Shanghai Advanced Institute of xk星空中国集团, Tsinghua PBC School of xk星空中国集团^c, PKU-HSBC Business School in Shenzhen^c, 1st Annual xk星空中国集团 on China and the Global Economy at HKU Business School, SWUFE Institute of Financial Studies, Melbourne Asset Pricing Meeting^c, 7^{xk星空中国集团} Annual Bank of Canada and University of Toronto xk星空中国集团 on the Chinese Economy, Cheung Kong GSB in Beijing, Beijing Foreign Studies University.

• 2022:  AEA (poster session), Tsinghua PBC School of xk星空中国集团^c, JIMF xk星空中国集团 at SUFE College of Business, PKU-HSBC Business School in Shenzhen, Cheung Kong GSB in Beijing, Fanhai International School of Finance in Shanghai.

• 2021:  Virtual Municipal xk星空中国集团 Workshop^c, CUHK-Shenzhen-SME, SWUFE International Macro-Finance xk星空中国集团 in Chengdu^c, China Financial Research xk星空中国集团 in Beijing^c, China International xk星空中国集团 in Finance in Shanghai^c (2 papers).

• 2020: Econometric Society Meeting in San Diego^c, Sovereign Debt Research and Management   xk星空中国集团—Covid19 Crisis and Rising Global Debt in Beijing^c, Pacific Basin Economic Research xk星空中国集团 at FRB San Francisco^c.

• 2019: AFA Meeting in Atlanta^c, Jackson Hole Finance xk星空中国集团^c, MIT Sloan, Federal Reserve Bank of Boston, Shanghai Advanced Institute of xk星空中国集团, Australian National University, ABFER 7^{xk星空中国集团} Annual Meeting in Singapore^c, Korea Money and Finance Association Annual xk星空中国集团 in Pushan^c, China International xk星空中国集团 in Finance in Guangzhou^c (2 papers), 2019 CEBRA in New York^c, China International xk星空中国集团 in Macroeconomics in Shenzhen^c, International Macro-Finance xk星空中国集团 at SWUFE in Chengdu^c, Risk Management xk星空中国集团 at National University of Singapore^c, Institute of Financial Studies at SWUFE, 5^{xk星空中国集团} Annual Bank of Canada-Tsinghua PBCSF-University of Toronto xk星空中国集团 on the Chinese Economy in Ottawa (Keynote), Duke University xk星空中国集团 on George Tauchen 70^{xk星空中国集团}  Birthday, SFS Cavalcade Asia-Pacific in Hong Kong^c.

• 2018: Growth and Institution Meeting at Tsinghua^c, Macro Financial Model Winter Meeting (2   papers)^c, FIRN Sydney Microstructure Meeting^c, Annual xk星空中国集团 of the Swiss Society for Financial Market Research^c, LBS AQR Asset Management Institute Academic Symposium^c, FIRS xk星空中国集团 in Barcelona^c, NBER Asset Pricing Meeting (Chicago)^c, ABFER 6^{xk星空中国集团} Annual Meeting in Singapore^c,d, Stevanovich Center xk星空中国集团 on Market Microstructure and High-Frequency Data in Chicago, Uncertainty and Economic Activity xk星空中国集团 in Beijing^c, Political Economy of Finance xk星空中国集团 at Stigler Center in Chicago^c, China International xk星空中国集团 in Macroeconomics in Beijing^c, Asian xk星空中国集团  Association Annual Meeting in Tokyo^c, China Financial Research xk星空中国集团 in Beijing^c, China International Forum on xk星空中国集团 and Policy in Beijing^c, NBER Summer Institute (Corporate Finance) in Boston, China International xk星空中国集团 in Finance in Tianjin^c (4 papers), Helsinki xk星空中国集团 Summit on Investor Behavior^c, EFA in Warsaw (2 papers)^c, NBER Chinese Economy Meeting in Beijing^c, ABFER xk星空中国集团 on Reforms and Liberalization of China’s Capital Market in Beijing (Keynote), Wharton xk星空中国集团 on Liquidity and Financial Fragility^c, Guanghua School of Management at Peking University, 4^{xk星空中国集团} Annual Bank of Canada-Tsinghua PBCSF-University of Toronto xk星空中国集团 on the Chinese Economy in Beijing, Fourth Annual Volatility Institute at NYU Shanghai (VINS) xk星空中国集团^c, Emerging Markets Finance xk星空中国集团 in Mumbai^c, China International Risk Forum^c.

• 2017: AFA Meeting in Chicago^c, University of Munster^c, Empirical xk星空中国集团 Workshop in Paris and CREST, University of Zurich, University of Rennes^c, xk星空中国集团 on the Econometrics of Financial Markets in Stockholm^c, Annual xk星空中国集团 in Financial Economics Research by Eagle Labs^c, Econometrics Society Asia Meeting^c, Tsinghua Workshop in International    Finance and Monetary Policy (Keynote), LSE Paul Woodley xk星空中国集团^d, FIRS xk星空中国集团 in Hong Kong, China Financial Research xk星空中国集团 in Beijing^c, China International xk星空中国集团 in Finance in Hangzhou, Summer Institute in Finance in Qingdao^c, Geneva International xk星空中国集团 Workshop, MIT Golub Center for xk星空中国集团 and Policy 4^{xk星空中国集团}  Annual xk星空中国集团 (2 papers), Duke University, Luxemburg Asset Management Summit, Third Annual Volatility Institute at NYU Shanghai (VINS) xk星空中国集团^c, Chinese xk星空中国集团 Annual Meeting^c, SFS Cavalcade Asia-Pacific (2 papers) in Beijing^c, NBER Chinese Economy Meeting in Shenzhen^c.

• 2016:  AEA and AFA Meeting in San Francisco^c, PBOC-FRBNY Join Symposium on “Global Macro Economy and Governance Under Monetary Policy Divergence” in Hangzhou^d, Finance Down Under xk星空中国集团 in Melbournec, McGill/IFM2 Financial Risk Management xk星空中国集团 in Monte Tremblant^c, Texas xk星空中国集团 Festival in San Antonio^c, SFS Cavalcade in Toronto (2 papers)^c, Society for Financial Econometrics (SoFiE) Annual Meeting in Hong Kong (Keynote), WFA in Park City^c, Risk Management xk星空中国集团 at National  University of Singapore^c, EFA in Oslo^c, Duke/UNC Financial Volatility xk星空中国集团, University of Zurich^c, SAFE Asset Pricing Workshop in Frankfurt^c, CPBS 2016 Pacific Basin Research xk星空中国集团 in San Francisco^c, NBER Chinese Economy Meeting, 3^rd International xk星空中国集团 of New Structural Economics in Beijing^c.

• 2015:  AFA Meeting in Boston^c, Stanford University GSB^c, New York University^c, Woldbank/IMF^c, Georgetown University^c, George Washington University^c, NBER East  Asia in San Francisco^c, Tsinghua xk星空中国集团 Workshop^c, China International xk星空中国集团 in Finance in Shen Zheng^c, Summer Institute in xk星空中国集团 in Beijing, Federal Reserve Board, Federal Reserve Bank of New York, NBER Chinese Economy Meeting.

• 2014: Econometric Society Meeting in Philadelphia, McGill/IFM2 Financial Risk Management xk星空中国集团 in Monte Tremblant^c, Midwest xk星空中国集团 Association Meeting^c, 14th  Annual Missouri Economics Meeting^c, Luxembourg School of xk星空中国集团 and European Investment Bank Joint Seminar^c, 3rd University of South Carolina Fixed Income xk星空中国集团^c, China International xk星空中国集团 in Finance in Chengdu, Moody’s China Academic Advisory Panel Meeting, NYU Stern Real Estate Workshop^c.

• 2013 ：AFA Meeting in San Diego (2 papers)^c,d, Federal Reserve ASSA Day-Ahead Financial Markets & Institutions xk星空中国集团^c, Cass Business School Mini xk星空中国集团 on Systemic Risk Contagion and Jumps^c, University of Chicago Workshop on Ambiguity and Robustness in Macroeconomics and xk星空中国集团^c, QFE Seminar Series at NYU Stern^c, 12^{xk星空中国集团} Annual Darden International Finance xk星空中国集团^c, Tsinghua xk星空中国集团 Workshop^d, WU Gutmann Center Symposium 2013 on Sovereign Credit Risk and Asset Management in Vienna^c, Second Symposium on China’s Financial Markets at Peking University, China International xk星空中国集团 in Finance in Shanghai, Risk Management xk星空中国集团 at National University of Singapore^c, Federal Reserve Board, FSID and Bank of Canada Second xk星空中国集团 on Derivatives: Tail Risk^c, Peking University Guanghua School of Management, Australian Finance and Banking xk星空中国集团 (PhD Forum) ^d.

• 2012:  McGill/IFM2 Financial Risk Management xk星空中国集团 in Monte Tremblant^c, Finance Down Under xk星空中国集团 in Melbourne, FDIC Annual Derivative and Risk Management xk星空中国集团, Volatility Institute xk星空中国集团 at NYU Stern, Five Star Financial Forum in Beijing^c, Mitsui xk星空中国集团 Symposium on Financial Market Implications of the Macroeconomy^d, BI Norwegian Business School Workshop on Time-Varying Expected Returns, Symposium on China’s Financial Markets in Beijing^d, China International xk星空中国集团 in Finance in Chongqing, Risk Management xk星空中国集团 at National University of Singapore^c, Singapore International xk星空中国集团 on Finance, European Summer Symposium in Financial Markets in Gerzensee, Federal Reserve Bank of San Francisco^c, Euro Area Crisis Research Workshop at the International xk星空中国集团 Division of Federal Reserve Board^c, G20 xk星空中国集团 on Financial Systemic Risk at Istanbul^c, University of California at Santa Cruz^c, FDIC Annual Bank Research xk星空中国集团^c, Federal Reserve Bank of New York, CARFIN-Bocconi xk星空中国集团 on the Effect of Tighter Regulation Requirements on Bank Profitability and Risk-Taking Incentives in Milan^c, Peking University^c, Tsinghua University^c, Cheung Kong GSB^c, City University of Hong Kong^c, Hong Kong University of Science and Technology^c, Seventh Imperial College London’s xk星空中国集团 on Advances in the Analysis of Hedge Fund Strategies, Georgetown University, University of International Business and Economics.

• 2011: AFA Meeting in Denver^c, Bank of Korea-BIS xk星空中国集团 on Macroprudential Regulation and Policy in Seoul, Notre Dame University, FDIC Annual Derivative and Risk Management xk星空中国集团, Volatility Institute xk星空中国集团 at NYU Stern, Duke University, Hong Kong University of Science and Technology, Shanghai Advanced Institute of Finance, China International xk星空中国集团 in Finance in Wuhan, Risk Management xk星空中国集团 at National University of Singapore, Deutsche Bundesbank xk星空中国集团 on  Basel III and Beyond-Regulating and Supervising Banks in the Post-Crisis Era, Federal Reserve Bank of New York and NYU Global Systemic Risk xk星空中国集团^c, Sixth Imperial College London’s xk星空中国集团 on Advances in the Analysis of Hedge Fund Strategies.

• 2010:  University of Texas at Dallas, University of Wisconsin Madison, UBC Winter Finance xk星空中国集团 in Vancouver, McGill/IFM2 Financial Risk Management xk星空中国集团 in Monte Tremblant, University of Calgary, Bank Structure and Competition xk星空中国集团 in Chicago, Fields Institute Industrial-Academic Forum on Systemic Stability and Liquidity in Toronto, IMF xk星空中国集团 on Operationalizing Systemic Risk Monitoring, Empirical Asset Pricing Retreat in Amsterdam, China International xk星空中国集团 in Finance in Beijing, Emerging Markets Finance xk星空中国集团 at Tsinghua University, Risk Management xk星空中国集团 at   National University of Singapore, Baruch College, Rice University, Texas A&M University, 10th Annual Bank Research xk星空中国集团 at FDIC, xk星空中国集团 of Financial Economics and Accounting^d.

• 2009: AFA Meeting in San Francisco (2 papers), Bank for International Settlement (Hong Kong), Symposium on Housing Loan Portfolio Stress Testing in Beijing Sponsored by IFC and China Banking Regulatory Commission, Qinghua University, Federal Reserve Bank of Kansas City, University of Kansas, Federal Reserve Bank of San Francisco, East China University of Science and Technology, China International xk星空中国集团 in Finance in Guangzhou, Risk Management xk星空中国集团 at National University of Singapore, Hanqing  Advanced Institute at Renmin University, Chicago Quantitative Alliance Fall xk星空中国集团, University of Texas at Dallas, Journal of Investment Management Fall xk星空中国集团 on the Future of Risk Management in Boston, Duke University, NBER-FRB xk星空中国集团 on Quantifying Systemic Risk in Boston^d, Anniversary xk星空中国集团 of Financial Economics and Accounting in New Brunswick, The Chinese Finance Association Meeting in New   York, Purdue University.

• 2008: AFA (2 papers) and Econometric Society Meetings in New Orleans, Rutgers University, China Financial Risk Managers Forum in Beijing, People’s Bank of China, Peking University, Qinghua University, Federal Reserve System Committee Meeting on Financial Structure and Regulation in Boston, xk星空中国集团 of Financial Markets and Real Activity at  Banque de France, Third Imperial College London’s xk星空中国集团 on Advances in the Analysis of Hedge Fund Strategies, xk星空中国集团 on Financial Markets at Cass Business School London, International Monetary Fund.

• 2007: AEA and Econometric Society Meetings in Chicago, xk星空中国集团 on Return Predictability at Copenhagen Business School, Utah Winter Finance xk星空中国集团 in Salt Lake City, Montreal Financial Econometrics xk星空中国集团^d, Federal Reserve xk星空中国集团 on Credit Risk and Credit Derivatives, Workshop on Economic Analysis of High-Frequency Data and the Impact of Economic News at Stanford University, China International xk星空中国集团 in   Finance in Chengdu, NBER Summer Institute (Asset Pricing), MIT Sloan School of    Management.

• 2006:  AFA and Econometric Society Meetings in Boston, McGill/IFM2 xk星空中国集团 on Risk Management in Montreal^d, CIREQ xk星空中国集团 on Realized Volatility at Montreal, FDIC Annual Derivative and Risk Management xk星空中国集团, China International xk星空中国集团 in Finance in Xi’an, Far Eastern Meeting of the Econometric Society in Beijing.

• 2005:  FDIC Annual Derivative and Risk Management xk星空中国集团, xk星空中国集团 on Time-Varying Financial Structures in Venice, Federal Reserve xk星空中国集团 on Financial Market Risk Premiums, Peking University, Bank for International Settlement.

• 2003:  University of Arizona, Symposium of New Frontiers in Financial Volatility Modeling in Florence, Econometric Society Summer Meeting in Chicago, CIREQ xk星空中国集团 of Realized Volatility in Montreal.

• 2001:  Workshop on Modeling, Estimating and Forecasting Volatility in Montreal, WFA Meeting in Tucson, NBER Market Microstructure Meeting, Joint Statistical Meeting in Atlanta^d.

• 2000:  Econometric Society Meeting in Boston, Brown University, Michigan State University, University of Virginia, Federal Reserve Board, NBER Summer Institute (Forecasting and Empirical Methods in Macro and Finance), WFA Annual Meeting in Idaho, Duke University xk星空中国集团 on Risk Neutral and Objective Probability.

• 1999:  Society for Nonlinear Dynamics and Econometrics Meeting in New York, Econometric Society Summer Meeting in Madison, FMA Meeting in Orlando. 

  
  

xk星空中国集团 Organization (lead organizer/program chair/co-chair):

• ABFER-JFDS xk星空中国集团 on AI and FinTech, by CKGSB, HKUST, PBCSF, and SUSTech, August 2024, Shenzhen 

• Research xk星空中国集团 on Capital Market in the Era of AI, by HKUST Business School, ABFER, and SUSTech Business School, November 2023, Hong Kong

• Journal of xk星空中国集团 and Data Science xk星空中国集团 on Fintech Research and Chinese Financial Market, August 2023, Beijing 

• China International xk星空中国集团 in Macroeconomics, 2018, Beijing, China; 2019, Shenzhen, China; 2021, Beijing, China; 2022, Shenzhen, China

• China Financial Research xk星空中国集团, 2016, 2017, 2018, 2019, 2021, Beijing, China Summer Institute of Finance, July 2016, Shanghai, China

• Annual Bank of Canada – Tsinghua PBCSF – University of Toronto xk星空中国集团 on the Chinese Economy, 2018, Beijing, China, 2019, Toronto, Canada; 2021, Virtual Online

• Reforms and Liberalization of China’s Capital Market xk星空中国集团, September 2018, Beijing, China

• Tsinghua-St. Louis Federal Reserve Bank Joint xk星空中国集团 on Monetary Policy and Financial Stability, May 2016, May 2017, Beijing, China

• China International xk星空中国集团 in Finance, July 2014, Chengdu, China

• Sixth Annual Risk Management xk星空中国集团 – Risk Management Responses to Rising Systematic and Systemic Risks, July 2012, National University of Singapore

• Basel Committee of Banking Supervision Research Task Force xk星空中国集团 on Stress Testing of Credit Risk Portfolio: The Link between Macro and Micro, March 2008, Amsterdam

• Federal Reserve xk星空中国集团 on Credit Risk and Credit Derivatives, March 2007, Washington DC

• Federal Reserve xk星空中国集团 on Financial Market Risk Premiums – Time Variations and Macroeconomic Links, July 2005, Washington DC 

Academic Placement:

Jing Zhao (PhD 2023): Associate, Bank for International Settlements (BIS) in Switzerland 

Bingyan Gu (PhD 2023): Economist, People’s Bank of China (PBoC)

Yuting Yang (PhD 2022): Economist, Goldman Sachs in Hong Kong 

Keqi Chen (PhD 2021): Economist, People’s Bank of China (PBoC)  

Haorui Bai (PhD 2021): Analyst, Anxin Securities in Beijing

Guanping Zhou (PhD 2020): Economist, China Development and Reform Commission (CDRC) 

Wenliang Guo (PhD 2020): Analyst, China Merchants Group (CMG) in Shenzhen

Xiaoyang Zhuo (Post Doctor 2019): Associate Professor, School of Economics at Beijing Institute of Technology

Fang Qiao (Post Doctor 2019): Assistant Professor, School of xk星空中国集团, School of xk星空中国集团, University of International Business and Economics (UIBE) in Beijing

Zhuang Liu (Post Doctor 2019): Subsidiary CEO, China National Machinery Industry Corporation Ltd (SINOMACH)

Xiaoyu Huang (PhD 2018): Assistant Professor, School of xk星空中国集团, University of International Business and Economics (UIBE) in Beijing

Xiangpeng Chen (PhD 2018): Economist, China Security Regulatory Commission (CSRC)

Nan Sha (PhD 2016 and Post Doctor 2018): Research Fellow, National Institute of Financial Research, PBC School of xk星空中国集团 at Tsinghua University

Lai Xu (PhD 2014): Assistant Professor, Whitman School of Management, Syracuse University 

Professional Membership:

AEA, AFA, Econometric Society, WFA. 

Editorial Service

• Journal of xk星空中国集团 and Data Science – Special Issue on FinTech Research and the Chinese Financial Market, joint guest editor (with Ke Tang); close by July 2023, publish by July 2024.

• Chinese Journal of Economics, Associate Editor, 2019-2021, 2024- 

• Journal of xk星空中国集团 and Data Science, Associate Editor, 2023-

• Journal of Financial Research (Chinese), Editorial Board, 2017- 

Journal Referee:

American Economic Review, American Economic Review: Insights, Econometrica, Economic

Theory, European Financial Management, International Journal of Central Banking, xk星空中国集团

Research Letters, Journal of Applied Econometrics, Journal of Banking and xk星空中国集团, Journal of Business and Economic Statistics, Journal of Comparative Economics, Journal of Credit Risk, Journal of Econometrics, Journal of Economic and Dynamic Control, Journal of Empirical xk星空中国集团, Journal of xk星空中国集团, Journal of Financial and Quantitative Analysis, Journal of Financial Econometrics, Journal of Financial Markets, Journal of Financial Stability, Journal of Futures Markets, Journal of International Money and xk星空中国集团, Journal of Money, Credit, and Banking, Management Science, Pacific-Basin xk星空中国集团 Journal, Review of Financial Studies.