今年四月,「同事.skill」走紅,把離職同事的聊天記錄和電郵餵給AI,就能生成數碼分身。港大經管學院經濟學副教授于萍、經濟學高級講師章逸飛博士在FT中文網撰文指出,這動搖了「人力資本跟人走」的前提:可編碼的經驗一旦被近乎零成本複製,工資只會反映蒸餾不走的判斷力,議價權隨之削弱。兩位作者建議,先算清工資在為甚麼買單,再拼命增加隱性知識的比重。
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- 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
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.
- Chinese Economy
- Development Economics
- International Finance
- Political Economy
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.
學術界飯局上談到半導體,總有人會問筆者:日本當年那麼厲害,怎麼就沒出現一個三星或台積電?問題問得很好,細想卻有點錯位。台積電做的是晶圓代工,替別人造晶片,自己並不賣存儲產品。日本也沒有退出存儲市場,鎧俠至今仍是全球領先的NAND快閃記憶體製造商。
2026年6月香港零售業總銷貨價值315億港元,連續14個月實現正增長,惟網購佔比僅約9.4%,反映實體零售仍佔主導地位。線下消費蓬勃,循環時尚成新亮點,日本高端古着品牌RAGTAG近期進駐香港,門店人流暢旺。
內地企業離岸發債總額約七成在港進行,中國人民銀行宣佈將債券通「南向通」年度投資淨額由人民幣5,000億元提升至人民幣8,000億元,港大經管學院章逸飛博士接受《新華網》訪問時表示,「南向通」原有額度一直偏緊,這次加碼可說是及時回應市場需求。
香港郵政連續8 年錄得虧損。港大經管學院章逸飛博士接受《大公報》訪問時認為,癥結在於「定位不清」:其長遠定位究竟應為政府部門、自負盈虧機構,還是引入私營資本、走向「公私營合作模式」?
港大經管學院經濟學高級講師章逸飛博士接受《大公報》訪問時指出,當「我想念父親」被翻譯成「該買什麼」,市場在降低表達成本的同時,也將無價的心意重新定價為可比較、可炫示、可外包的消費行為。




