{"id":218324,"date":"2024-08-23T11:02:20","date_gmt":"2024-08-23T03:02:20","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?page_id=218324&preview_id=218324"},"modified":"2024-08-23T11:02:20","modified_gmt":"2024-08-23T03:02:20","slug":"ft-chinese-column","status":"publish","type":"page","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/ft-chinese-column\/","title":{"rendered":"FT\u4e2d\u6587\u7f51\u660e\u5fb7\u5546\u8bba\u4e13\u680f"},"content":{"rendered":"\t\t
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\"\u63a2\u7d22\u300aImpact<\/a><\/span><\/div><\/div>
\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u89c1\uff01<\/a><\/div>
If we knew what it was we were doing, it would not be called research, would it? -- Albert Einstein<\/div>
1 Jun 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div>
<\/i>Impact Factors<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
\"Information-Seeking<\/a><\/span><\/div><\/div>
Information-Seeking Lobbying and Strategic Stockpiling under Trade Policy Uncertainty<\/a><\/div>
Prof. Bo YANG<\/i><\/a><\/div>
This study investigates how firms engage in information-seeking lobbying to address trade policy uncertainty. I argue that lobbying enables firms to gain early insights into forthcoming tariff actions, allowing them to strategically stockpile products likely to be targeted. Using shipping records of US firms during the 2018 US\u2013China trade war, I find that lobbying firms increased imports of soon-to-be-tariffed products before tariff lists were publicly released, compared to non-lobbying firms. This selective stockpiling pattern disappeared after tariff announcements. Further analysis shows that lobbying firms were less likely to request tariff exemptions for products they had preemptively stockpiled, suggesting that information-seeking lobbying during policy formulation provides an additional benefit by reducing the need for costly government engagement during the implementation phase.<\/div>
August 2026<\/div>
Strategic Management Journal<\/div>
<\/i>External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"Dirty<\/a><\/span><\/div><\/div>
Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations<\/a><\/div>
Prof. Jian ZHANG<\/i><\/a><\/div>
We study whether access to local pollution information causes investors to make greener portfolio allocations, exploiting the rollout of air quality monitoring stations in India. Using a triple-differences framework on the trading records of 19 million investors, we show that retail investors\u2019 holdings in \u201cbrown\u201d stocks become more negatively related to local pollution after a nearby station appears. This effect is more pronounced on \u201calert\u201d dates when air quality is reported to be harmful. The effect is strongest among tech-savvy investors likely \u201ctreated\u201d by real-time pollution data, and younger investors, who may be more sensitive to environmental concerns.\r\n<\/div>
August 2026<\/div>
Journal of Financial Economics<\/div>
<\/i>External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u600e\u6837\u7684\u8d44\u672c\u8d26\u6237\u5f00\u653e\u624d\u5bf9\u4e00\u4e2a\u56fd\u5bb6\u6700\u6709\u5229\uff1f\"<\/a><\/span><\/div><\/div>
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Prof. Xiang FANG<\/i><\/a><\/div>
\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u7684\u65b9\u7fd4\u6559\u6388\u5728\u63a5\u53d7\u300a\u4fe1\u62a5\u6708\u520a\u300b\u8bbf\u95ee\u65f6\u6307\u51fa\uff0c\u5b8c\u5168\u81ea\u7531\u7684\u8d44\u672c\u6d41\u52a8\u5e76\u975e\u89e3\u51b3\u7ecf\u6d4e\u95ee\u9898\u7684\u201c\u4e07\u80fd\u7075\u836f\u201d\u3002\u7279\u522b\u662f\u57282008 \u5e74\u56fd\u9645\u91d1\u878d\u5371\u673a\u4e4b\u540e\uff0c\u8d44\u672c\u8d26\u6237\u5b8c\u5168\u5f00\u653e\u5e76\u4e0d\u5fc5\u7136\u662f\u6700\u4f18\u9009\u9879\uff0c\u5df2\u6210\u4e3a\u57fa\u672c\u5171\u8bc6\u3002<\/div>
15 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div>
<\/i>\u4fe1\u62a5\u6708\u520a<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u5168\u7403\u7ecf\u6d4e\u7684\u4e00\u4e2a\u5199\u7167\uff1a\u7ecf\u5e38\u5e10\u5931\u8861\"<\/a><\/span><\/div><\/div>
\u5168\u7403\u7ecf\u6d4e\u7684\u4e00\u4e2a\u5199\u7167\uff1a\u7ecf\u5e38\u5e10\u5931\u8861<\/a><\/div>
Dr. Y. F. LUK<\/i><\/a><\/div>
\u7ea620\u5e74\u524d\uff0c\u5168\u7403\u7ecf\u6d4e\u7684\u4e00\u4e2a\u91cd\u8981\u8bae\u9898\u662f\u7ecf\u5e38\u5e10\u5931\u8861\u3002\u7ecf\u5e38\u5e10\u5305\u62ec\u5546\u54c1\u548c\u670d\u52a1\u8fdb\u51fa\u53e3\uff0c\u53ca\u548c\u5916\u56fd\u4e92\u76f8\u6295\u8d44\u7684\u56de\u62a5\u5dee\u989d\uff0c\u800c\u4ee5\u524d\u8005\u4e3a\u4e3b\u3002\u7ecf\u5e38\u5e10\u5931\u8861\uff0c\u53ef\u89c6\u4e3a\u8d38\u6613\u5931\u8861\uff0c\u5373\u4f17\u591a\u7ecf\u6d4e\u4f53\u7684\u8d38\u6613\u76c8\u9980\u6216\u8d64\u5b57\uff0c\u4f5c\u4e3aGDP\u7684\u6bd4\u4f8b\u6301\u7eed\u5b58\u5728\u751a\u81f3\u589e\u52a0\u3002<\/div>
15 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div><\/div><\/div><\/div><\/div>
\"\u4e2d\u56fd\u7a0e\u52a1\u673a\u5173\u4e3a\u4f55\u4ecd\u96be\u8ffd\u8e2a\u7f51\u7ea2\u6536\u5165\uff1f\"<\/a><\/span><\/div><\/div>
\u4e2d\u56fd\u7a0e\u52a1\u673a\u5173\u4e3a\u4f55\u4ecd\u96be\u8ffd\u8e2a\u7f51\u7ea2\u6536\u5165\uff1f<\/a><\/div>
Prof. Zhiwu CHEN<\/i><\/a><\/div>
\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u91d1\u878d\u5b66\u8bb2\u5ea7\u6559\u6388\u9648\u5fd7\u6b66\u6307\u51fa\uff0c\u6b64\u73b0\u8c61\u53cd\u6620\u7a0e\u52a1\u5f81\u7ba1\u4e0a\u7684\u6df1\u5c42\u6311\u6218\u3002\u7535\u8111\u7cfb\u7edf\u867d\u4ee4\u7a0e\u52a1\u673a\u5173\u8f83\u6613\u638c\u63e1\u4f20\u7edf\u85aa\u916c\u6536\u5165\u8d44\u6599\uff0c\u60df\u7f51\u7edc\u4e3b\u64ad\u53ca\u5176\u540d\u4e0b\u7f51\u5e97\u7684\u5b9e\u9645\u6536\u5165\uff0c\u4ecd\u7136\u8fdc\u4e3a\u9690\u853d\u96be\u67e5\u3002<\/div>
10 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div>
<\/i>\u5357\u534e\u65e9\u62a5\uff08\u82f1\u6587\uff09<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u6700\u201c\u806a\u660e\u201d\u7684AI\u672a\u5fc5\u662f\u6700\u4f18\u79c0\u7684AI\u4ea4\u6613\u5458\"<\/a><\/span><\/div><\/div>
\u6700\u201c\u806a\u660e\u201d\u7684AI\u672a\u5fc5\u662f\u6700\u4f18\u79c0\u7684AI\u4ea4\u6613\u5458<\/a><\/div>
Prof. Zhenhui Jack JIANG<\/i><\/a><\/div>
\u8fd1\u671f\uff0cInteractive Brokers \u5ba3\u5e03\uff0c\u7528\u6237\u53ef\u5c06 ChatGPT\u3001Claude\u3001Grok \u7b49\u5927\u8bed\u8a00\u6a21\u578b\u76f4\u63a5\u63a5\u5165\u6295\u8d44\u8d26\u6237\uff0c\u7528\u4e8e\u5e02\u573a\u7814\u7a76\u3001\u6295\u8d44\u7ec4\u5408\u5206\u6790\uff0c\u4e43\u81f3\u751f\u6210\u4ea4\u6613\u6307\u4ee4\u3002 \u5927\u8bed\u8a00\u6a21\u578b\u6b63\u4ece\u201c\u56de\u7b54\u95ee\u9898\u201d\u201c\u751f\u6210\u5185\u5bb9\u201d\u7684\u5bf9\u8bdd\u5de5\u5177\uff0c\u6f14\u5316\u4e3a\u80fd\u8c03\u7528\u5916\u90e8\u5de5\u5177\u3001\u8fde\u63a5\u771f\u5b9e\u7cfb\u7edf\u3001\u53c2\u4e0e\u590d\u6742\u51b3\u7b56\u7684\u667a\u80fd\u4f53\u3002 <\/div>
9 Jul 2026<\/div><\/div><\/div><\/div><\/div>
\"\u80f6\u6a3d\u8fdb\u586b\u57cb\u00a0\u00a0<\/a><\/span><\/div><\/div>
\u80f6\u6a3d\u8fdb\u586b\u57cb\u00a0\u00a0 \u51cf\u5851\u96be\u95ed\u73af<\/a><\/div>
Prof. Guojun He<\/i><\/a><\/div>
\u4f60\u628a\u559d\u5269\u7684\u534a\u652f\u84b8\u998f\u6c34\u5012\u6389\uff0c\u7136\u540e\u628a\u80f6\u6a3d\u8fde\u76d6\u5e26\u6807\u7b7e\u6295\u8fdb\u8857\u89d2\u7684\u5561\u8272\u6876\u3002\u5bf9\u4f60\u800c\u8a00\uff0c\u8fd9\u652f\u80f6\u6a3d\u7684\u6545\u4e8b\u5230\u6b64\u4e3a\u6b62\uff1b\u4f46\u5b83\u6709\u9887\u5927\u673a\u4f1a\u5e76\u4e0d\u4f1a\u901a\u5f80\u56de\u6536\u518d\u9020\u4e4b\u8def\uff0c\u800c\u662f\u88ab\u9001\u5230\u5806\u586b\u533a\u3002<\/div>
8 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div><\/div><\/div><\/div><\/div>
\"\u9999\u6e2f\u4e0e\u65b0\u52a0\u5761\uff0c\u8c01\u80fd\u62a2\u5360\u56fd\u9645\u9ec4\u91d1\u4ea4\u6613\u4e2d\u5fc3\u5730\u4f4d\uff1f\"<\/a><\/span><\/div><\/div>
\u9999\u6e2f\u4e0e\u65b0\u52a0\u5761\uff0c\u8c01\u80fd\u62a2\u5360\u56fd\u9645\u9ec4\u91d1\u4ea4\u6613\u4e2d\u5fc3\u5730\u4f4d\uff1f<\/a><\/div>
Prof. Yang YOU<\/i><\/a><\/div>
\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u91d1\u878d\u5b66\u52a9\u7406\u6559\u6388\u6e38\u6768\u8fd1\u65e5\u5728\u63a5\u53d7\u300a\u8d22\u7ecf\u300b\u8bbf\u95ee\u65f6\u5f3a\u8c03\uff0c\u9999\u6e2f\u76ee\u524d\u7684\u9996\u8981\u4efb\u52a1\u662f\u505a\u597d\u672c\u5730\u4ea4\u5272\u3002\u6e38\u6768\u6559\u6388\u8ba4\u4e3a\uff1a\u201c\u5728\u9ec4\u91d1\u4ea7\u4e1a\u670d\u52a1\u65b9\u9762\uff0c\u5b58\u5728\u5927\u91cf\u521b\u65b0\u7a7a\u95f4\uff0c\u4e9f\u5f85\u66f4\u52a0\u5305\u5bb9\u3001\u7075\u6d3b\u7684\u89e3\u51b3\u65b9\u6848\uff0c\u76ee\u524d\u5c1a\u6709\u8bf8\u591a\u7a7a\u767d\u6709\u5f85\u586b\u8865\u3002\u201d<\/div>
6 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div>
<\/i>\u8d22\u7ecf<\/a><\/div><\/div><\/div><\/div><\/div><\/div>
\"\u9999\u6e2f\u9996\u4efd\u201c\u4e94\u5e74\u89c4\u5212\u201d\u542f\u822a\uff1a\u9664\u4e86\u91d1\u878d\uff0c\u6211\u4eec\u7684\u672a\u6765\u8fd8\u6709\u54ea\u4e9b\u53ef\u80fd\uff1f\"<\/a><\/span><\/div><\/div>
\u9999\u6e2f\u9996\u4efd\u201c\u4e94\u5e74\u89c4\u5212\u201d\u542f\u822a\uff1a\u9664\u4e86\u91d1\u878d\uff0c\u6211\u4eec\u7684\u672a\u6765\u8fd8\u6709\u54ea\u4e9b\u53ef\u80fd\uff1f<\/a><\/div>
Prof. Heiwai TANG<\/i><\/a><\/div>
\u968f\u8457\u9999\u6e2f\u9996\u4efd\u201c\u4e94\u5e74\u89c4\u5212\u201d\u5373\u5c06\u9762\u4e16\uff0c\u9999\u6e2f\u6b63\u8e0f\u5165\u589e\u5f3a\u7ecf\u6d4e\u52a8\u80fd\u7684\u65b0\u9636\u6bb5\u3002\u5728\u7b2c\u4e00\u5b63 GDP \u6309\u5e74\u589e\u957f 5.9% \u7684\u7a33\u5065\u5f00\u5c40\u4e0b\uff0c\u793e\u4f1a\u5173\u6ce8\u7684\u7126\u70b9\u5df2\u8f6c\u5411\u5982\u4f55\u628a\u63e1\u8fd9\u6bb5\u201c\u597d\u65f6\u5149\u201d\uff0c\u5c06\u77ed\u671f\u589e\u957f\u8f6c\u5316\u4e3a\u4e2d\u957f\u671f\u7684\u7ed3\u6784\u5347\u7ea7\u3002<\/div>
2 Jul 2026<\/div>
\u6559\u5b66\u4eba\u5458<\/div>
<\/i>\u9999\u6e2f\u6587\u6c47\u62a5<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
1<\/span>2<\/a>3<\/a>…<\/span>169<\/a><\/i>\u4e0b\u4e00\u9875<\/span><\/a>
\/169<\/div><\/div><\/section><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u4e13\u680f\u4f5c\u8005<\/div>
\"Prof.

Prof. Bo YANG<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Travis CHOW<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Jiantao HUANG<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Ruishen ZHANG<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Jingcun CAO<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Hailiang CHEN<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Jinzhao DU<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Yulin FANG<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Yang LIU<\/p><\/div><\/div><\/div>

\"Prof.

Prof. Z. Max SHEN<\/p><\/div><\/div><\/div><\/div>

Prof. Bo YANG<\/div>

Assistant Professor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Information-Seeking Lobbying and Strategic Stockpiling under Trade Policy Uncertainty<\/a><\/div>
August 2026<\/span><\/div><\/div><\/div>
<\/i>
Navigating Geopolitical Risks: How U.S. Firms Adjust Supply Chains Amid U.S.\u2013China Rivalry<\/a><\/div>
September 2025<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Travis CHOW<\/div>

Assistant Dean (Teaching and Learning)<\/p>

Associate Professor<\/p>

BBA (Acc&Fin)\/BBA (ADA) Deputy Programme Director and Admissions Tutor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Mandatory Information Exchange, Cross-Border Income Shifting, and the Physical Flow of Tangible Goods<\/a><\/div>
July 2026<\/span><\/div><\/div><\/div>
<\/i>
Reciprocity in Corporate Tax Compliance\u2014Evidence from Ozone Pollution<\/a><\/div>
December 2023<\/span><\/div><\/div><\/div>
<\/i>
Profit Shifting During Foreign Tax Holidays<\/a><\/div>
July 2023<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Jiantao HUANG<\/div>

Assistant Professor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Model Uncertainty in the Cross-Section of Stock Returns<\/a><\/div>
July 2026<\/span><\/div><\/div><\/div>
<\/i>
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models<\/a><\/div>
February 2023<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Ruishen ZHANG<\/div>

Assistant Professor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Metering Problems and Resource Allocation<\/a><\/div>
July 2026<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Jingcun CAO<\/div>

Assistant Professor<\/p>

BBA Deputy Programme Director and Admissions Tutor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Review Manipulation and Filtering on Digital Platforms<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Is Relevancy Everything? A Deep-Learning Approach to Understand the Effect of Image-Text Congruence<\/a><\/div>
December 2025<\/span><\/div><\/div><\/div>
<\/i>
From Free to Paid: Monetizing a Non-Advertising-Based App<\/a><\/div>
August 2023<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Hailiang CHEN<\/div>

Assistant Dean (Taught Postgraduate)<\/p>

Professor in Innovation and Information Management<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Third-Party Software Development Kit Utilization and Mobile App Market Performance<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Why Do Investors Like Short-leg Securities? Evidence from a Textual Analysis of Buy Recommendations<\/a><\/div>
December 2025<\/span><\/div><\/div><\/div>
<\/i>
SocioLink: Leveraging Relational Information in Knowledge Graphs for Startup Recommendations<\/a><\/div>
June 2023<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Jinzhao DU<\/div>

Associate Professor<\/p>

MBA Programme Director (Student Enrichment)<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
To Each Their Own: Personalized Product Offerings in Competition<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Balancing Supply with Demand on Ride-Hailing Platforms in Markets with Price Regulations: An Operational Approach<\/a><\/div>
September - October 2025<\/span><\/div><\/div><\/div>
<\/i>
The Interactions of Customer Reviews and Price and Their Dual Roles in Conveying Quality Information<\/a><\/div>
January-February 2025<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Yulin FANG<\/div>

Director, Institute of Digital Economy and Innovation<\/p>

Professor<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Third-Party Software Development Kit Utilization and Mobile App Market Performance<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Review Manipulation and Filtering on Digital Platforms<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Healthcare at the Crossroads: Impacts of Online Health Community on Off-line Healthcare Quality and Equity<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Yang LIU<\/div>

Associate Professor<\/p>

Co-Director, HKUBS Wealth Management Academy<\/p>

MWM Programme Director<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
<\/i>
Volatility (Dis)Connect in International Markets<\/a><\/div>
June 2026<\/span><\/div><\/div><\/div>
<\/i>
Getting to the Core: Inflation Risks Within and Across Asset Classes<\/a><\/div>
March 2026<\/span><\/div><\/div><\/div>
<\/i>
Dynamic ESG Equilibrium<\/a><\/div>
April 2025<\/span><\/div><\/div><\/div><\/div><\/div>
Prof. Z. Max SHEN<\/div>

Chair Professor in Logistics and Supply Chain Management<\/p><\/div>

\u5b66\u672f\u8bba\u6587<\/div>
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Penalizing Lateness or Sharing Cost: Project Outsourcing via Request-for-Quote<\/a><\/div>
May - June 2026<\/span><\/div><\/div><\/div>
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Integrated Conditional Estimation-Optimization<\/a><\/div>
May - June 2026<\/span><\/div><\/div><\/div>
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Optimized Dimensionality Reduction for Moment-Based Distributionally Robust Optimization<\/a><\/div>
May - June 2026<\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":169,"featured_media":0,"parent":55092,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"thought-leadership-listing.php","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-218324","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t