最近港元拆息下跌，將如何影響未來香港樓市與金融大環境？ 港大經管學院金敦泓教授接受無線新聞訪問時表示，港元拆息下跌對樓市短期有利好作用，但長遠仍要看長期利率走勢，以及對香港經濟環境的信心。她指出：「大家預期在不久的未來，比較大型的新股會出現大量的資金注入，但從目前的狀態來說，我們沒有看到美國在短期內有降息的可能，確實不一定能維持在低點很長時間。」
8 May 2025
教學人員
Prof. Dunhong JIN
金融學
Assistant Professor
3910 2531
KK 1008
Academic & Professional Qualification
- Ph.D., University of Oxford, 2020
- M.Sc., University of Oxford, 2015
- B.S., Fudan University, 2014
Biography
Dr. Dunhong Jin joined The University of Hong Kong as Assistant Professor of Finance in 2020. She received her Ph.D. in finance from University of Oxford. She obtained her M.Sc. in mathematical finance from University of Oxford, and her B.S. in mathematics from Fudan University.
She is a theoretical financial economist, working on information, incentive and contract in asset management, corporate finance and asset pricing. She also has several joint projects with the Financial Conduct Authority on liquidity mismatch and financial stability in asset management industry.
Research Interest
- Asset Management
- Corporate Finance
- Asset Pricing
- Security Design
Selected Publications
- “Swing Pricing and Fragility in Open-End Mutual Funds,” (with Marcin Kacperczyk, Bige Kahraman, and Felix Suntheim), The Review of Financial Studies, 2022, 35(1), 1-50 (Editor’s Choice).
- “The Golden Mean: The Risk Mitigating Effect of Combining Tournament Rewards with High-Powered Incentives,” (with Thomas Noe), Journal of Finance, 2022, 77(5), 2907-2947.
Recent Publications
8May
1Jan
How can fragility be averted in open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor-level transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces outflows during market stress. Swing pricing also reduces concavity in the flow-performance relationship and dilution in fund performance.
1 Jan 2022
The Review of Financial Studies