Finance, Governance, Tech

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About Me

I am a Ph.D. candidate at the University of Hong Kong in the finance area. My research interests include how law and technology change finance and governance, and further, change business and society. All contacts are welcome!

Curriculum Vitae


  • HKU Logo 2018-Now: Ph.D. (Expected) and M.Fin., University of Hong Kong
  • SYSU Logo 2014-2018: B.B.A., Sun Yat-Sen University


I. Corporate Finance/Governance

  1. Competition Laws, Ownership and Corporate Social Responsibility (with Ross Levine, Chen Lin, Wensi Xie)
  2. Corporate Immunity to the COVID-19 Pandemic (with Ross Levine, Chen Lin, Wensi Xie)
  3. Directors’ Incentives from Potential Regulatory Penalties: Evidence from their Voting (with Chen Lin, Thomas Schmid, Michael S. Weisbach)
    • Working Paper | SSRN
    • Brief: Directors monitor firm more diligently after knowing close contact being penalized by the regulator for negligence.
    • Meida Coverage: The Regulatory Review (UPenn)
    • Conference: FMA Annual Meeting 2021, FIFI Conference 2021
  4. Proprietary Costs and Supply-Chain Collaboration (with Xiong Li, Guoman She, Guochang Zhang)
    • Working Paper
    • Brief: Fewer proprietary information leakage concern on supply chain, more supply chain collaboration.
  5. ESG Scores, Scandal Probability, and Event Returns (with Wenya Sun, Yichen Luo, S.M. Yiu, Luping Yu)
    • Working Paper | SSRN
    • Brief: Higher ESG scores, lower ESG scandal probability but higher loss given scandal happened. Firm has optimal ESG investment level based on theoretical prediction.
  6. Does Bank Credit Affect Innovation? Evidence from Collateral Law Reform (with Lai Wei, Wensi Xie)
    • Working Paper | SSRN
    • Brief: Enabling firms use movable assets as collateral spurs innovation due to more access to finance.

II. FinTech

  1. On Explaining Human Traders' Buy-Sell Behaviors with Cryptocurrency Records (with Qianru Zhang, Zheng Wang, S.M. Yiu, Chen Lin, Yixiang Fang)
    • Working Paper
    • Brief: Model human trading behavior in a cryptocurrency market by MDP approach.
  2. An Inside Look into Cryptocurrency Exchanges (with Qing Chan, Chen Lin, Alberto Rossi)
    • Working Paper | SSRN
    • Brief: In a market without fundamental valuation, participants with more market micro-structure information beat others.
    • Meida Coverage: Institutional Investor

III. Other Topics

  1. Social Distancing and Social Capital: Why U.S. Counties Respond Differently to COVID-19 (with Ross Levine, Chen Lin, Wensi Xie)
    • Working Paper | SSRN
    • Brief: COVID-19 lockdown policies are better complied in more community-oriented district.