Zhiwu Chen
Prof. Zhiwu CHEN
Finance
Chair Professor of Finance
Cheng Yu-Tung Professor in Finance
Director, Centre for Quantitative History
Director, Hong Kong Institute for Humanities and Social Sciences
HKU Council Member

3910 3079 / 3917 1271

KK 1338

Publications
China’s Bank Branches, ATMs Dwindle Amid E-Payments and Cashless Shift

Physical bank branches and ATMs have seen their numbers dwindling as the public embraces e-payment platforms and financial institutions cut costs. Chen Zhiwu, chair professor of finance at the University of Hong Kong, said, “The banks have found it unnecessary to add branches as they reduce costs.” A refocus on mobile payments among other online transactions, he said, “has in effect served to reduce face-to-face services at banks”.

North-South Development Model Differences and China’s Future

通過量化歷史資料,我們可以看到整個中國社會大致的發展趨勢和不同時期主要發展的主旋律。

The Mogul and His Firm that Endured China’s Economic Tides – When Others Didn’t

Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, commented, "In China, government policy is always crucial for private companies, both on their way up and now on their way down. Now, many private businesspeople understand that both economic and political reforms have to go hand in hand; without one, the other cannot sustain in the long run."

Asian Supply Chain, Hong Kong Seen Key to Boosting China’s Foreign Investment

Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, believes that Hong Kong's geopolitical neutrality is a favourable factor, "China can still rely on Hong Kong as the intermediary." In 2022, 72.56% of China's offshore investment came from Hong Kong. Prof. Zhenhua Mao, Professor of Practice at HKU Business School, highlighted Hong Kong's English-speaking environment and common law system are the city’s unique advantages in attracting foreign investment to China. However, he added that more research is needed on the challenges faced by venture capital and private equity firms investing in the country.

Asian Family Offices Switch Focus as Geopolitical Risks Rise

Geopolitical risks have prompted Asian family offices to switch their investment focus. “Many billionaires have moved their family offices to Hong Kong, so they can manage their investments globally," said Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School. The number of family offices in Hong Kong has surged to more than 2,700, which is nearly 2.5 times more than Singapore.

The Transformation of China’s Industrial Policy: Fortifying National Resilience

Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, acknowledges this long-standing shift, stating, "This has been going on for at least about 8-10 years," referring to an industrial policy factoring in "war preparation."

China’s Digital Talent Cultivation: Scholars Say Problems Abound

Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, emphasises that the key concern is to maintain confidence in the market. While political measures to boost the economy may be well-intentioned, their effectiveness can vary depending on the specific context, economic conditions, and implementation.

China’s consumers seek security in ‘the only safe asset’ as gold purchases remain strong

Prof. Zhiwu Chen, Chair Professor of Finance at HKU Business School, commented that gold represented the only safe asset for Chinese consumers to protect their wealth against domestic inflation, asset price declines, as well as uncertainties in the global landscape.

Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

“The November election pressure may force Biden to be more aggressive on the US-China trade front, as this is one issue that American politicians can win easy points,” said Chen Zhiwu, the chair professor of finance at the University of Hong Kong, after Yellen and her Chinese counterparts failed to address some major issues.