CUHK Business school

The Center for Chinese Financial Development and Reform strives to contribute to policy discussion in the Chinese financial development and reform. Funding of this center is generated from the financial surplus of the self-financed MBA Program in Finance in collaboration with Tsinghua University. The Center supports both teaching and research excellence to further strengthen and enhance the program content. High quality research which combines theories in the East and the West incorporated with the Chinese practice will be conducted to address and tackle real problems in the business world. The Center also nurtures young researchers by setting up in Shenzhen an incubator program where young mainland Chinese scholars are nominated and invited to collaborate with our Faculty members on various research initiatives.

Recent research projects:

• Asian Banks Competitiveness Ranking Report, starting from 2007

  The Center for Chinese Financial Development and Reform of CUHK has been conducting the “Asian Banks Competitiveness Ranking Report” in the fourth consecutive year in collaboration with Peking University, Graduate School of the People’s Bank of China and Shanghai Jiaotong University. The report is highly recognized by the regulatory body, senior management of the bank and research expert of the field. The center took lead to define and set up the database and benchmarking (including profitability score by calculating the returns on average equity, a list of objective characteristics and a questionnaire to investigate subjective factors), which are further adjusted and perfected by scholars and experts from Beijing, Hong Kong and Taiwan. Research findings and the ranking are announced in the “Annual Asian Finance Summit” held in Beijing in November every year.

  http://www.vodvv.com/financial21/2008/1201/article_2788.html

Recent research projects funded by the Center:

• 2008

  Faculty involved	Research Titles
  Prof. He Jia	Mergers, Acquisitions, and Restructurings of State Controlling Listed Firms in China
  Prof. Liu Ming	Corporate investment activities of listed Chinese firms
  Prof. Rui Meng	The Lucas Paradox in China
  Prof. Du Julan	Why do Governments Surrender Corporate Control Power in Listed Companies: the Case of China?

• 2007

  Faculty involved	Research Titles
  Prof. He Jia	China’s Gradual Approach to Economic Reform, State-Owned Enterprises Restructuring, and Share Issue Privatisation
  Prof. Liu Ming	The aftermath of "Grabbing large ones and letting small ones go (抓大放小)”
  Prof. Leung Wai Kin	Are Chinese Investors reluctant to realize their losses too?
  Prof. Li Hong Yi	Financial development, income inequality, and economic growth in China
  Prof. Rui Meng	How institutions shape internal capital market in China?
  Prof. Chow Ying Foon	Realized Volatility of Chinese Stock Markets
  Prof. Woody Wu	Valuation of China's Stock Market: Pricing of Earnings Components

• Seminars

  年份	主讲人	主讲人背景	主题
  2009	史际春	中國人民大學法學院教授	政府角色定位與經濟法治
  	韓俊	國務院發展研究中心農村經濟研究院部部長	農村金融改革
  	宗少俊	高级经济师、中国农行深圳市行行长、博士	求解三农，金融助力
  	李志明	香港证券及期货事务监察委员会财务及行政总监	公司治理与风险控制
  	区景麟	香港证券学会前主席，FRM香港有限公司CEO、博士	对冲基金
  	廖约克	Winbridge 有限公司常务董事，香港大学校董会成员、博士	探讨全球暖化的环保与金融对策
  	施永青	中原地产的创办人及行政总裁、博士	管理的贫乏
  2008	彭旭	中邮基金投资总监	投资心得
  	刘珂滨	中信证券投资银行董事总经理	关于中国股票发行市场
  	吴启金	中国进出口银行优惠贷款部副总经理	经济全球化和国家发展战略
  	刘宏	上海博弘投资有限公司总经理	漫谈对冲基金与中国机会
  	夏斌	国务院发展研究中心金融研究所所长	当前经济形式与货币政策
  	杜要忠	人民银行上海第二总部金融稳定部负责人	金融稳定工作有关问题
  	宋丽萍	深交所总经理	多层次资本市场建立的若干问题
  	常清	金鹏期货经纪有限公司、上海金鹏期货经纪有限公司董事长	正确分析与把握国际期货市场价格与趋势
  	聂庆平	中国证券监督管理委员会机构监管部正局级巡视员	中国股票市场20年专题研究讲座
  	李浩	招商银行执行董事、副行长兼财务负责人	金融海啸与国际化
  2007	屠光绍	中共上海市委常委、上海市副市长	证券市场发展和经济体制的若干问题
  	罗念慈	平安资产管理（香港）公司投资董事	中国金融市场发展——优势、漏洞及启示
  	杨家才	中国银行业监督管理委员会监管一部主任	银行业改革发展中值得研究的几个问题
  	王兆星	中国银行业监督管理委员会副主席	中国银行业改革与开放问题