Financial market
- Develop Financial Risk Meter (FRM) for dynamic systemic risk measurement.
- Analyze tail-risk transmission across financial markets.
- Construct FRM-based portfolio strategies.
Themes
Research topics
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01 -
02 Digital assets
- Revisit the “pricing kernel puzzle” in digital asset markets.
- Investigate pricing mechanisms and systemic risk contagion in digital assets.
- Quantify the energy savings associated with Proof-of-Stake consensus mechanisms.
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03 Sustainability economics
- Quantify carbon-risk dynamics and their pricing in financial markets.
- Develope a framework to trace stranded-asset losses from physical assets to asset holders and interconnected firms.
- Identify global patterns of climate mitigation and adaptation under evolving climate policies.
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04 Resource allocation
- Examine how implicit guarantees shape capital allocation.
- Study institutional shocks and their real economic consequences.
- Use machine learning and causal inference to evaluate allocation efficiency and policy effects.
Research network
International networks
E3M Laboratory (opens in a new tab)
First advanced research center in Hong Kong dedicated to the economic analysis of energy and environmental issues.
View E3M website (opens in a new tab)
MSCA Digital Finance (opens in a new tab)
An MSCA-funded network in digital finance across academia, industry, technology, and policy organizations.
View MSCA profile (opens in a new tab)
Institute for Digital Assets (opens in a new tab)
Global research and educational institution dedicated to advancing the understanding, adoption, and integration of digital assets into the economy and society.
View IDA profile (opens in a new tab)Funded research
Projects as principal investigator
National Natural Science Foundation of China · 72302237
How Does Rigid Payment Expectation Influence the Allocation of Financial Resources through the Bond Market’s Price Efficiency Channel?
China Postdoctoral Science Foundation · 2023M743984
Analysis of the Impact and Mechanism of Bond Market Default Risk on Financial Resource Allocation Efficiency from the Perspective of Guarantee Network
Guangdong Provincial Natural Science Foundation · 2024A1515010314