Yifei ZHANG
Dr. Yifei ZHANG
经济学
Senior Lecturer
BEcon/BEcon & Fin Deputy Programme Director and Admissions Tutor

3910 3102

KK 1332

Academic & Professional Qualification
  • Ph.D. in Economics, The Chinese University of Hong Kong
  • M.A. in Economics, The State University of New York at Albany
  • B.Sc. (Honors) in Applied Mathematics, Hong Kong Baptist University
Biography

Dr. Yifei Zhang is a senior lecturer at the HKU Business School. Prior to joining the University of Hong Kong, he taught at the Hong Kong Polytechnic University and Beijing Normal University-Hong Kong Baptist University United International College.

Dr. Zhang’s research interests include Chinese Economy, Development Economics, and Political Economy. Upon graduation, he did Ph.D. internship at the Hong Kong Institute for Monetary Research (HKIMR) and worked at the Chinese University of Hong Kong as a postdoctoral fellow. His works appear in peer-reviewed journals such as Journal of Comparative Economics, Economics Letters, Small Business Economics, China Economic Review, etc.

Dr. Zhang has experience teaching various economics courses, such as Chinese Economy, Econometrics, Game Theory, etc. He also has a passion for supervising and collaborating with his students. The co-authored works have been published in academic journals such as: Journal of Comparative Economics, Economics Letters, Small Business Economics, Applied Economics, International Review of Economics & Finance, and International Studies of Economics.

Research Interest
  • Chinese Economy
  • Development Economics
  • International Finance
  • Political Economy
Selected Publications

Selected Working Papers

  • Zhang, Q. & Zhang, Y. “Competitive Borrowings in Squeezing Marriages.”
  • Bu, J., Du, J., & Zhang, Y. “Host-State-Friendly BIT Reforms and Foreign Direct Investment.”

Journal Articles

  • Ashton, J., Wang, Y., & Zhang, Y. (2024). “Does Mutual Fund Ownership Increase Corporate Environmental Spending?” Journal of Business Research, 184, 114878.
  • Du, J., & Zhang, Y. (2024). ISDS Disputes, Adjudications and Cross-Border M&As. Journal of Corporate Finance, 87, 102594.
  • Wang, Y., Chen, X., Zhang, Y.(2024). “Do Alumni Relationships between Executive Directors and Auditors Matter for Financial Reporting Quality?” Accounting Forum, forthcoming.
  • Wang, Y., Zhang, Y., Chang X., Wei, K., (2024). “CEO Tenure and Environmental Fraud for Listed Family Firms.” Business Strategy and the Environment, 33(3), 1887-1905.
  • Du, J., & Zhang, Y. (2024). “The Impact of ISDS Arbitration Claims and Adjudication on Cross-Border Direct Investment.” Transnational Corporations Review, forthcoming.
  • Liu, Y., Zhang, Y., Yang, Y., & Chen, X. (2023). Dark Side of Environmental Regulation: Wage Inequality Cost. Journal of Comparative Economics, 51(2), 524-544.
  • Rouse, M., Ottemoesoe, S., Wang, Y., Zhang, Y. (2023). “Do Female Independent Directors Reduce Corporate Risk Taking During COVID-19?” Asia-Pacific Journal of Accounting & Economics, 1-20.
  • Liu, Y., Zhang, Y., Zhang, Y., & Xiao, H. (2022). Small business owners’ Fintech credit in crises: Theory and evidence from farmers under the COVID-19. Pacific-Basin Finance Journal, 71, 101692.
  • Liu, Y., Zhang, Y., Fang, H., & Chen, X. (2022). SMEs’ line of credit under the COVID-19: evidence from China. Small Business Economics, 58(2), 807-828.
  • Wang, Y., Zhang, Y., Kang, W., & Ahmed, A. H. (2022). Female analysts and COVID-19 corporate donation. Emerging Markets Review, 100941.
  • Zhang, Y., Liu, Y., Zhang, Y., & Chen, X. (2022). Globalization blueprint and households’ fintech debt: Evidence from China’s One Belt One Road initiative. International Review of Economics & Finance, 79, 38-55.
  • Chen, X., Fang, H., Liu, Y., & Zhang, Y. (2022). Does Chinese policy banks’ overseas lending favor Belt Road Initiative countries?. International Studies of Economics.
  • 张云, 刘芸, & 章逸飞. (2022). “房住不炒” 政策的股市溢出效應 ——包含房產要素的動態均衡模型與資產定價研究. 系統工程理論與實踐, 865-878.
  • Liu, Y., Zhang, Y., Chen, X., & Yang, Y. (2021). Superstition and farmers’ life insurance spending. Economics Letters, 206, 109975.
  • Xiao, H., Chen, X., Fang, H., & Zhang, Y. (2021). Insider share pledging and firm value consequences under the COVID-19: evidence from China. Applied Economics, 53(56), 6522-6534.
  • Chen, X., Xiao, H., & Zhang, Y. (2021). To what extent did independent directors help firms’ recovery during the COVID-19 pandemic? Evidence from China. Applied Economics, 53(38), 4464-4480.
  • Wang, Y., & Zhang, Y. (2020). Do state subsidies increase corporate environmental spending?. International Review of Financial Analysis, 72, 101592.
  • Du, J., & Zhang, Y. (2018). Does one belt one road initiative promote Chinese overseas direct investment?. China Economic Review, 47, 189-205. (Elsevier Awards for the Best Papers published in China Economic Review in 2018.)

Book Chapters

  • Wang, Y., Zhang, Y., & Chen, X. (2023). “Detecting financial statement fraud using the machine learning methods.” FinTech Research and Applications: Challenges and Opportunities. World Scientific.
  • Du, J., & Zhang, Y. (2022). “In Fear of Trojan Horse? China’s Cross-Border Acquisitions in Europe amid the One-Belt-One-Road Initiative.” China and the Belt and Road Initiative: Trade Relationships, Business Opportunities and Political Impacts. Springer: Understanding China Series.
  • Du, J., Fang, H., & Zhang, Y. (2021). “One Belt One Road Initiative and China’s Overseas Lending.” Belt and Road Initiative (BRI): China’s Global Business Footprint. Centre for Business & Economic Research.
  • Du, J., & Zhang, Y. (2019). “One Belt One Road Initiative and China’s Overseas Direct Investment.” In Yuan Li, Markus Taube (Ed.), How China’s Silk Road Initiative is Changing the Global Economic Landscape (pp. 130-165). Routledge.
Recent Publications
赛博永生:当你的技能被蒸馏之后

今年四月,"同事.skill"走红,把离职同事的聊天记录和邮件喂给AI,就能生成数字分身。港大经管学院经济学副教授于萍、经济学高级讲师章逸飞在FT中文网撰文指出,这动摇了"人力资本跟人走"的前提:可编码的经验一旦被近乎零成本复制,工资只会反映蒸馏不走的判断力,议价权随之削弱。他们建议,先算清工资在为什么买单,再拼命增加隐性知识的比重。

技术是自家的   生意是人家的

学术界饭局上谈到半导体,总有人会问笔者:日本当年那么厉害,怎么就没出现一个三星或台积电?问题问得很好,细想却有点错位。台积电做的是晶圆代工,替别人造晶片,自己并不卖存储产品。日本也没有退出存储市场,铠侠至今仍是全球领先的NAND快闪记忆体制造商。

香港零售市场展现新活力 线下消费热度不减

2026年6月香港零售业总销货价值315亿港元,连续14个月实现正增长,惟网购占比仅约9.4%,反映实体零售仍占主导地位。线下消费蓬勃,循环时尚成新亮点,日本高端古着品牌RAGTAG近期进驻香港,门店人流畅旺。

南向通加码,资金周转瓶颈可解?

内地企业离岸发债总额约七成在港进行,中国人民银行宣布将债券通“南向通”年度投资净额由人民币5,000亿元提升至人民币8,000亿元,港大经管学院章逸飞博士接受《新华网》访问时表示,“南向通”原有额度一直偏紧,这次加码可说是及时回应市场需求。

香港邮政财困可解 ? 定位才是关键

香港邮政连续8 年录得亏损。港大经管学院章逸飞博士接受《大公报》访问时认为,症结在于“定位不清”:其长远定位究竟应为政府部门、自负盈亏机构,还是引入私营资本、走向“公私营合作模式”?

父亲节变消费节 孝心也可量化?

港大经管学院经济学高级讲师章逸飞博士接受《大公报》访问时指出,当“我想念父亲”被翻译成“该买什么”,市场在降低表达成本的同时,也将无价的心意重新定价为可比较、可炫示、可外包的消费行为。