Projects per year
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. Our work contributes towards the following SDG(s):
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SDG 1 No Poverty -
SDG 2 Zero Hunger -
SDG 3 Good Health and Well-being -
SDG 5 Gender Equality -
SDG 7 Affordable and Clean Energy -
SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 10 Reduced Inequalities -
SDG 11 Sustainable Cities and Communities -
SDG 12 Responsible Consumption and Production -
SDG 13 Climate Action -
SDG 16 Peace, Justice and Strong Institutions -
SDG 17 Partnerships for the Goals
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Dive into the research topics where Department of Finance is active. These topic labels come from the works of this organisation's members. Together they form a unique fingerprint.
Collaborations and top research areas from the last five years
Recent external collaboration on country/territory level. Dive into details by clicking on the dots or
Profiles
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Darwin CHOI, 蔡達銘
- Department of Finance - Associate Head and Associate Professor
- Division of Environment and Sustainability - Associate Professor
Person: HKUST Staff
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Global Stablecoin Evolution, Risk Transmission Channels, and China’s Regulatory and Strategic Response
LOU, D. (CoI), HUANG, H. (CoI), CHAN, K. K. C. (CoI), JIN, K. (CoI), TAM, K. Y. (CoI) & TANG, B. (PI)
National Natural Science Foundation of China
1/11/25 → 31/10/26
Project: Research
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Global Stablecoin Evolution, Risk Transmission Channels, and China’s Regulatory and Strategic Response
LOU, D. (PI), HUANG, H. (CoI), CHAN, K. K. C. (CoI), JIN, K. (CoI), TAM, K. Y. (CoI) & TANG, B. (CoI)
National Natural Science Foundation of China
1/11/25 → 31/10/26
Project: Research
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Firm networks and risk propagation: A systematic investigation
YU, J. (PI)
15/08/25 → 14/08/28
Project: Research
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The Impact of FinTech on Financial Access: Theory and Evidence from Revenue-Based Financing
BISETTI, E. (PI) & CHANG, B. (CoI)
1/07/25 → 30/06/27
Project: Research
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The Causes and Consequences of Market Inefficiencies
LOU, D. (PI)
National Natural Science Foundation of China
1/01/25 → 31/12/29
Project: Research
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How do investors use options -- Evidence from the Indian stock market
PANAYOTOV, G. K. (PI)
1/01/25 → 30/06/27
Project: Research
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Financial Credit Slow Thinking Large Language Model
LOU, D. (CoPI), HAN, S. (CoPI) & GUO, Y. (PI)
Duxiaoman Technology (Beijing) Co., Ltd.
24/12/24 → 23/12/27
Project: Research
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Shrinking Pension Funds and Asset Devaluation Risk: Evidence from Ageing Population in South Korea
NOH, D. (PI)
1/10/24 → 30/09/27
Project: Research
Research output
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Adaptive energy-preserving mapping strategy for inflow turbulence generation in large-eddy simulations of atmospheric boundary layer
LU, S., YING, A., LU, M. & FU, L., 26 May 2026, In: Physical Review Fluids. 11, 054605.Research output: Contribution to journal › Conference article published in journal › peer-review
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Cross-Sectional Learning and Inference for the Stochastic Discount Factor
CHEN, Z., Ding, Y., LI, Y. & ZHENG, X., Mar 2026.Research output: Contribution to conference › Conference Paper › peer-review
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Cross-Sectional Learning and Inference for the Stochastic Discount Factor
CHEN, Z., Ding, Y., LI, Y. & ZHENG, X., Mar 2026, p. 1-26. 26 p.Research output: Contribution to conference › Conference Paper › peer-review
Open Access -
Cross-Sectional Learning and Inference for the Stochastic Discount Factor
CHEN, Z., Ding, Y., LI, Y. & ZHENG, X., Mar 2026.Research output: Contribution to conference › Conference Paper › peer-review
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ESG shocks in global supply chains
BISETTI, E., She, G. & Zaldokas, A., 20 Jan 2026, In: The Review of Financial Studies. 37 p., hhag001.Research output: Contribution to journal › Journal Article › peer-review
Open Access -
Financially constrained procurement
BISETTI, E., Chang, Y., Fazio, D. & SARKAR, A., 2026.Research output: Contribution to conference › Conference Paper › peer-review
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Financially Constrained Procurement
BISETTI, E., Chang, Y., SARKAR, A. & Fazio, D., 2026.Research output: Contribution to conference › Conference Paper › peer-review
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Humid heat poses a greater threat when concurrent with atmospheric river over Eastern China
Huang, W., Dai, L., Song, Y. & Lu, M., 22 Jun 2026, In: Environmental Research Letters. 21, 12, p. 1-11 11 p., 124027.Research output: Contribution to journal › Letter › peer-review
Open Access -
Impact Trickles Down: Multistakeholder Engagement and Exit
CHANG, B. & Hong, H., 2026.Research output: Contribution to conference › Conference Paper › peer-review
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Optimal Portfolio with Options
KAN, M. P. (Invited speaker)
20 Apr 2026Activity: Talk or presentation › Invited
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Optimal Portfolio with Options
KAN, M. P. (Invited speaker)
23 Mar 2026Activity: Talk or presentation › Contributed
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The Information Constraint in Market-based Sanctions Enforcement
MUKHERJEE, A. (Invited speaker)
20 Mar 2026Activity: Talk or presentation › Invited
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The New Transparency Trap: Machine Learning and the Reverse-Engineering of Strategies
WEN, X. (Invited speaker)
20 Jan 2026Activity: Talk or presentation › Contributed
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The New Transparency Trap: Machine Learning and the Reverse-Engineering of Strategies
WEN, X. (Invited speaker)
14 Jan 2026Activity: Talk or presentation › Contributed
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The Echoes of Muted Political Speech in Financial Speech
BHATTACHARYA, U. (Invited speaker)
2026Activity: Talk or presentation › Invited
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The New Transparency Trap: Machine Learning and the Reverse-Engineering of Strategies
WEN, X. (Invited speaker)
24 Dec 2025Activity: Talk or presentation › Contributed
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Awards
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Best Paper in Corporate Finance
MUKHERJEE, A. (Recipient), ZALDOKAS, A. (Recipient), PELLEGRINO, B. (Recipient), THORNQUIST, T. (Recipient) & REN, Y. (Recipient), 15 May 2026
Prize: Best Paper Award and Prize
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Research Postgraduate Award - Outstanding Award
WEN, X. (Recipient), Jan 2026
Prize: Research Fellowship
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Dean’s Recognition for Excellent Teaching Performance (in all sections taught, 2022–2023; 2025)
BISETTI, E. (Recipient), Dec 2025
Prize: Honorary Award
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Finalist, the Franklin Prize for Teaching Excellence
JI, Y. (Recipient), Dec 2025
Prize: Honorary Award
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Marshall Blume Prize in Financial Research for “AI-Powered Trading, Algorithmic Collusion, and Price Efficiency”
JI, Y. (Recipient), Apr 2025
Prize: Best Paper Award and Prize
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Nominated for The Franklin Prize for Teaching Excellence
YU, J. (Recipient), Dec 2025
Prize: Honorary Award
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Courses
Student theses
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Adverse selection, inventory cost and market depth : an empirical analysis of intraday price movement in the stock exchange of Hong Kong
Chan, Y. C. (Author), 1997Student thesis: Doctoral thesis
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An empirical analysis on performance evaluation, performance persistence and discount of closed-end funds in China
Jiang, R. (Author), 2002Student thesis: Master's thesis
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Asymmetric news repetition and the cross-section of stock returns
LI, R. (Author), ZHANG, C. (Supervisor), 2021Student thesis: Doctoral thesis
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Brown walking dead killer : implication of specialized bankruptcy court
LIU, J. (Author), BISETTI, E. (Supervisor), 2024Student thesis: Master's thesis
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Buyer-supplier relationships and financial structure
Banerjee, S. (Author), 2005Student thesis: Doctoral thesis
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Capital heterogeneity, volatility risk, and the value premium
AHN, Y. K. (Author), 2016Student thesis: Doctoral thesis
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Capital misallocation and stock return predictability
XU, C. (Author), 2015Student thesis: Master's thesis