About the Center

The Center for Macro-Financial Stability and Innovation

The Center for Macro-Financial Stability and Innovation invites talented full-time and part-time researchers to conduct academic and policy research in the fields of macro-prudential policies, monetary policies, financial innovations and related topics. The Center also undertakes research projects sponsored by financial agencies, including financial regulators and financial institutions, to provide policy advice on financial market stability and monetary policy. By applying advanced financial theories and empirical studies, the Center is devoted to identifying and resolving critical issues regarding China’s financial market reform, financial market stability and monetary economics.

Professor Jian Wang is the Director of the Center. Before joining Shenzhen Finance Institute, Professor Jian Wang was a Senior Research Economist and Advisor at the Federal Reserve Bank of Dallas. His primary research interests include international finance, monetary economics, international trade and behavioral finance/economics. Professor Jinfan Zhang is the Co-director of the Center. Professor Zhang worked as an Economist at the International Monetary Fund (IMF), Assistant Professor in CKGSB and senior visiting scholar at the People’s Bank of China. He is now an Associate Professor of Finance at the School of Management and Economics, CUHK-Shenzhen. His main research fields include Asset Pricing, Chinese Economy and FinTech.


Jian Wang

PhD in Economics, University of Wisconsin-Madison;
MS Economics, University of Wisconsin-Madison

Research Field

International finance, Monetary economics, International trade and Behavioral finance/economics.

Publications & AwardsMORE


Research Team

Joint Director: Professor Jinfan Zhang

- PhD Financial Economics, Yale University; PhD Telecommunications, Tsinghua University
- MA Statistics, Harvard University
- BS Electrical and Electronics Engineering, Tsinghua University
- BA Economics, Peking University
- Associate Professor of Finance in the School of Management and Economics, CUHK-Shenzhen
- Former Economist of IMF

Research Field: Asset pricing, Macroeconomics, FinTech

Email: zhangjinfan@cuhk.edu.cn

Postdoctoral Researcher in Economics: Wontae Han

PhD Economics, University of Wisconsin-Madison

Research Field: International Economics, Business Cycle, Monetary Policy in Open Economies

Email: hanwontae@cuhk.edu.cn

Research Assistant: Hongyan Zhao

- PhD Economics, University of California, Berkeley
- MA Statistics, University of California, Berkeley
- MA Economics, China Center for Economic Research, Peking University

Research Field: Macroeconomics, International Economics, China Economics

Email: hyzhao2007@gmail.com

Research Assistant and Teaching Assistant: Tian Niyiyun

- Bocconi University, Master of Science in Economic and Social Sciences
- The University of Hong Kong, Bachelor of Economics and Finance

Research Field: Macroeconomics, Development economics

Email: tianniyiyun@cuhk.edu.cn

Previous Researchers

Research Fellow:Huancheng Du

- PhD Financial Economics, American University
- Postdoctoral Fellow, Paul and Marcia Wythes Center on Contemporary China, Princeton University, joint with The Chinese University of Hong Kong, Shenzhen

Research Field:International finance, Behavioral finance, Asset pricing, International trade, Wage inequality and Applied econometrics


Research Assistant and Teaching Assistant:Xinyu Wei

-PhD in Economics, The Chinese University of Hong Kong
-Master in Applied Economics, Georgetown University
-BA Economics, Xi'an Jiaotong University

Research Field:International Finance, Macroeconomics


Research Assistant:Xiaosheng (Erin) Guo

- PhD in Economics Student at the University of Michigan - Ann Arbor
- Master of Arts in Economics, Duke University
- BA Finance, Nanjing University

Research Field:International monetary economics, International finance, Macroeconomics.


Research Assistant and Teaching Assistant:Xiaomin (Melody) Guo

- PhD in International Economics Student at The Graduate Institute of International and Development Studies, Geneva
- Master of Arts in Economics, Duke University
- BA Economics, Brandeis University

Research Field:International macroeconomics, Monetary policy, Global economy


Research Assistant :Jinsha Lei

- Master of Finance, University of California, San Diego
- BBA Finance, Global Business Management, The Chinese University of Hong Kong, Shenzhen

Research Field:International Monetary Economics, Corporate Finance, Macroeconomics


Research Assistant and Teaching Assistant:Junheng Ye

-Master in Economics, Boston University
-BA Economics, Hangzhou Dianzi University

Research Field:Macroeconomics, Environmental Economics


Research assistant:Long Niu

-University of California, Santa Barbara, Bachelor of Arts in Economics
-University of Southern California, Master of Science in Applied Economics and Econometrics

Research Field:Macroeconomics, Financial markets, Econometrics


Research Assistant and Teaching Assistant:Haiyu Wu

-MSc in Finance, The Chinese University of Hong Kong
-BEcon in Finance, South China Normal University

Research Field:Macroeconomics, Monetary Policy, Asset Pricing


Research Assistant and Teaching Assistant:Wu Xiaopeng

-Sloan School of Management, Massachusetts Institute of Technology, Master of Finance
-The Chinese University of Hong Kong, Shenzhen, Bachelor of Business Administration in Finance

Research Field:Market Structure and Design, Capital Markets with Information Frictions, Asset Pricing, Data Economy