{"id":218325,"date":"2024-08-23T11:01:04","date_gmt":"2024-08-23T03:01:04","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?page_id=218325&#038;preview_id=218325"},"modified":"2024-08-23T11:45:46","modified_gmt":"2024-08-23T03:45:46","slug":"ft-chinese-column","status":"publish","type":"page","link":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/ft-chinese-column\/","title":{"rendered":"FT\u4e2d\u6587\u7db2\u660e\u5fb7\u5546\u8ad6\u5c08\u6b04"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"218325\" class=\"elementor elementor-218325 elementor-218323\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e54c747 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e54c747\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ec626c\" data-id=\"0ec626c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db94a2a elementor-widget elementor-widget-heading\" data-id=\"db94a2a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Financial Times \u4e2d\u6587\u7db2 - \u660e\u5fb7\u5546\u8ad6\u5c08\u6b04<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-348613b elementor-widget elementor-widget-shortcode\" data-id=\"348613b\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><section class=\"wgl_cpt_section\" id=\"thought_leadership_listing_container\"><div class=\"blog-posts\"><div class=\"container-grid row blog_masonry blog_columns-1  grid blog-style-standard\"><div class='wgl_col-12 item fadeInUp animated' data-animate='fadeInUp'><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/impact.hkubs.hku.hk\/\" class=\"blog-post_feature-link \"><img fetchpriority=\"high\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/250724\/shutterstock_1346114726_edit2-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u898b\uff01\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/impact.hkubs.hku.hk\/\" class=\"blog-post_feature-link\">\u63a2\u7d22\u300aImpact Factors\u300b \u6d1e\u5bdf\u771f\u77e5\u707c\u898b\uff01<\/a><\/div><div class=\"article-content\">If we knew what it was we were doing, it would not be called research, would it? -- Albert Einstein<\/div><div class=\"blog-post_datetime\">1 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/impact.hkubs.hku.hk\/\">Impact Factors<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class='blog-posts'><div class='container-grid row blog_columns-4 grid blog-style-standard'><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=0><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2026.104309\" class=\"blog-post_feature-link \"><img decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/261246\/pub_202608_FINA_ZhangJ_Dirty-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2026.104309\" class=\"blog-post_feature-link\">Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/jian-zhang\/\">Prof. Jian ZHANG<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">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><div class=\"blog-post_datetime\">August 2026<\/div><div class=\"blog-post_category\">Journal of Financial Economics<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2026.104309\">External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=1><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/the-cost-of-surging-computing-power-the-boom-and-hidden-risks-of-ai-data-centers\/\" class=\"blog-post_feature-link \"><img decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/263087\/shutterstock_2479410939-scaled-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u7b97\u529b\u72c2\u98c6\u4e0b\u7684\u4ee3\u50f9\uff1a\u6578\u64da\u4e2d\u5fc3\u7684\u7e41\u69ae\u8207\u96b1\u6182\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/the-cost-of-surging-computing-power-the-boom-and-hidden-risks-of-ai-data-centers\/\" class=\"blog-post_feature-link\">\u7b97\u529b\u72c2\u98c6\u4e0b\u7684\u4ee3\u50f9\uff1a\u6578\u64da\u4e2d\u5fc3\u7684\u7e41\u69ae\u8207\u96b1\u6182<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/shipeng-yan\/\">Prof. Shipeng YAN<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u8fd1\u5e74\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u6d6a\u6f6e\u5e2d\u6372\u5168\u7403\uff0c\u751f\u6210\u5f0fAI\u7684\u666e\u53ca\u4ee4\u7b97\u529b\u9700\u6c42\u6025\u5287\u81a8\u8139\u3002\u5728\u5149\u9bae\u4eae\u9e97\u7684\u6a21\u578b\u8207\u7522\u54c1\u80cc\u5f8c\uff0c\u652f\u6490\u9019\u5834\u79d1\u6280\u9769\u547d\u7684\u57fa\u790e\u8a2d\u65bd\uff0c\u5c31\u662f\u904d\u5e03\u5404\u5730\u7684\u6578\u64da\u4e2d\u5fc3\u3002\u9019\u4e9b\u770b\u4f86\u5e73\u5e73\u7121\u5947\u7684\u5ee0\u623f\uff0c\u5be6\u5247\u5df2\u6210\u70ba\u6578\u5b57\u7d93\u6fdf\u7684\u95dc\u9375\u652f\u67f1\uff0c\u4ea6\u662f\u5927\u570b\u535a\u5f08\u7684\u6230\u7565\u7c4c\u78bc\u3002<\/div><div class=\"blog-post_datetime\">1 Jul 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=2><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2026.105662\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/261115\/pub_202607_FINC_LiuX_A-2-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"A Model of China\u2019s Economic Vertical Structure\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2026.105662\" class=\"blog-post_feature-link\">A Model of China\u2019s Economic Vertical Structure<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/xuewen-liu\/\">Prof. Xuewen LIU<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">We document a prominent yet underappreciated feature of the post-2000 Chinese economy: a vertical structure in which key upstream industries are dominated by state-owned enterprises (SOEs), while downstream industries are largely open to private competition. We develop a general-equilibrium model to analyze how this vertical structure\u2014interacting with industrialization, globalization, and labor abundance\u2014has shaped the Chinese economy. The framework offers new insights into SOE profitability, structural change, resource misallocation, and economic reform. First, upstream SOEs become more profitable as downstream private firms raise their productivity and face greater external demand during industrialization and globalization, helping explain the unprecedented prosperity of SOEs between 2002 and 2007. Second, reducing upstream market power would facilitate labor reallocation from agriculture to non-agricultural sectors, raising GDP and aggregate welfare. Third, preferential credit subsidies to SOEs can improve welfare by alleviating upstream under-supply; consequently, removing these subsidies without dismantling SOE monopoly power could reduce welfare. Quantitative analyses using firm-level data support the theoretical findings. We further show that this vertical structure can arise endogenously as an equilibrium outcome.<\/div><div class=\"blog-post_datetime\">July 2026<\/div><div class=\"blog-post_category\">Journal of Public Economics<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2026.105662\">External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=3><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.bbc.com\/zhongwen\/articles\/c7vy088g5lgo\/simp.amp\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/263453\/2026.07.03_BBC_Prof.-Heiwai-Tang-scaled-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u4e2d\u570b\uff0d\u6b50\u76df\u8cbf\u6613\u6469\u64e6\u52a0\u5287\uff1a\u300c\u4e2d\u570b\u7248\u5ee3\u5834\u5354\u8b70\u300d\u771f\u7684\u884c\u5f97\u901a\u55ce\uff1f\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.bbc.com\/zhongwen\/articles\/c7vy088g5lgo\/simp.amp\" class=\"blog-post_feature-link\">\u4e2d\u570b\uff0d\u6b50\u76df\u8cbf\u6613\u6469\u64e6\u52a0\u5287\uff1a\u300c\u4e2d\u570b\u7248\u5ee3\u5834\u5354\u8b70\u300d\u771f\u7684\u884c\u5f97\u901a\u55ce\uff1f<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/heiwai-tang\/\">Prof. Heiwai TANG<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u5728\u63a5\u53d7BBC\u4e2d\u6587\u8a2a\u554f\u6642\uff0c\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\u9127\u5e0c\u7152\u6559\u6388\u8868\u793a\uff0c\u7576\u524d\u5168\u7403\u7d93\u6fdf\u74b0\u5883\u82071980\u5e74\u4ee3\u5df2\u622a\u7136\u4e0d\u540c\u3002\u4e2d\u570b\u5728\u5168\u7403\u4f9b\u61c9\u93c8\u4e2d\u7684\u5730\u4f4d\u3001\u8cc7\u672c\u7ba1\u5236\u6846\u67b6\u4ee5\u53ca\u7d93\u6fdf\u7d50\u69cb\uff0c\u90fd\u610f\u5473\u8457\u4e0d\u80fd\u7c21\u55ae\u5c07\u4e2d\u570b\u8996\u70ba\u300c\u53e6\u4e00\u500b\u65e5\u672c\u300d\uff0c\u4ee5\u8907\u88fd\u300a\u5ee3\u5834\u5354\u8b70\u300b\u7684\u65b9\u5f0f\u4f86\u61c9\u5c0d\u3002<\/div><div class=\"blog-post_datetime\">30 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.bbc.com\/zhongwen\/articles\/c7vy088g5lgo\/simp.amp\">BBC \u4e2d\u6587<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=4><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/doi.org\/10.1111\/1756-2171.70014\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/260596\/pub_2026Summer_ECON_SzetesB_Buyer-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"Buyer-Optimal Platform Design\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/doi.org\/10.1111\/1756-2171.70014\" class=\"blog-post_feature-link\">Buyer-Optimal Platform Design<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/balazs-szentes\/\">Prof. Balazs SZENTES<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">A platform matches a unit mass of sellers, each owning a single product of heterogeneous quality, to a unit mass of buyers with differing valuations for unit-quality. After matching, sellers make take-it-or-leave-it price-offers to buyers. Initially, valuations of buyers are only known to them and the platform, but sellers make inferences from the matching algorithm. The efficient matching is positive assortative, but buyer-optimal matchings are stochastically negative assortative when there are few low-value buyers (i.e., compared to lower-quality sellers, high-quality ones are matched to buyers with lower expected valuation). Although everyone trades, generating rents for the side lacking bargaining power results in inefficient matching.<\/div><div class=\"blog-post_datetime\">Summer 2026<\/div><div class=\"blog-post_category\">The Rand Journal of Economics<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/doi.org\/10.1111\/1756-2171.70014\">External Link<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=5><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.i-cable.com\/%e8%b2%a1%e7%b6%93%e8%b3%87%e8%a8%8a\/478845\/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%84%A7%E5%B8%8C%E7%85%92-%E4%BA%94%E5%B9%B4%E8%A6%8F%E5%8A%83%E8%88%87%E5%B8%82%E5%A0%B4%E7%B6%93%E6%BF%9F%E4%B8%8D%E5%AD%98%E7%89%B4%E8%A7%B8\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/263340\/VS-i-CABLE-042-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u4e94\u5e74\u898f\u5283\u8207\u5e02\u5834\u7d93\u6fdf\u4e0d\u5b58\u7274\u89f8\u3000\u5021\u8a2d\u59d4\u54e1\u6703\u63a8\u52d5\u77e5\u8b58\u7522\u6b0a\u767c\u5c55\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.i-cable.com\/%e8%b2%a1%e7%b6%93%e8%b3%87%e8%a8%8a\/478845\/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%84%A7%E5%B8%8C%E7%85%92-%E4%BA%94%E5%B9%B4%E8%A6%8F%E5%8A%83%E8%88%87%E5%B8%82%E5%A0%B4%E7%B6%93%E6%BF%9F%E4%B8%8D%E5%AD%98%E7%89%B4%E8%A7%B8\" class=\"blog-post_feature-link\">\u4e94\u5e74\u898f\u5283\u8207\u5e02\u5834\u7d93\u6fdf\u4e0d\u5b58\u7274\u89f8\u3000\u5021\u8a2d\u59d4\u54e1\u6703\u63a8\u52d5\u77e5\u8b58\u7522\u6b0a\u767c\u5c55<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/heiwai-tang\/\">Prof. Heiwai TANG<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u653f\u5e9c\u6b63\u5c31\u9996\u500b\u4e94\u5e74\u898f\u5283\u5c55\u958b\u516c\u773e\u8aee\u8a62\u3002\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\u9127\u5e0c\u7152\u6700\u8fd1\u5c31\u4e94\u5e74\u898f\u5283\u63a5\u53d7\u50b3\u5a92\u8a2a\u554f\u6642\u63d0\u51fa\u5e7e\u9ede\u56de\u61c9\u3002<\/div><div class=\"blog-post_datetime\">28 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.i-cable.com\/%e8%b2%a1%e7%b6%93%e8%b3%87%e8%a8%8a\/478845\/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%84%A7%E5%B8%8C%E7%85%92-%E4%BA%94%E5%B9%B4%E8%A6%8F%E5%8A%83%E8%88%87%E5%B8%82%E5%A0%B4%E7%B6%93%E6%BF%9F%E4%B8%8D%E5%AD%98%E7%89%B4%E8%A7%B8\">\u6709\u7dda\u65b0\u805e<\/a><\/div><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.i-cable.com\/%E8%B2%A1%E7%B6%93%E8%B3%87%E8%A8%8A\/479364\/%E8%B2%A1%E6%99%BA%E5%95%86%E5%82%B3-%E9%A6%99%E6%B8%AF%E5%A4%A7%E5%AD%B8%E7%B6%93%E7%AE%A1%E5%AD%B8%E9%99%A2%E5%89%AF%E9%99%A2%E9%95%B7%E9%84%A7%E5%B8%8C%E7%85%92\">\u6709\u7dda\u65b0\u805e<\/a><\/div><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/epaper.tkww.hk\/a\/202606\/29\/AP6a418461e4b04773b0714146.html\">\u5927\u516c\u6587\u532f<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=6><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4440228\/%E9%A1%9E%E8%85%A6%E5%95%9F%E7%A4%BA+%E8%A8%93%E7%B7%B4%E4%BA%BA%E6%A9%9F%E5%85%B1%E9%80%B2%E5%8C%96\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/262999\/Prof.-Roy-Tan_2026.06.26-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u985e\u8166\u555f\u793a \u8a13\u7df4\u4eba\u6a5f\u5171\u9032\u5316\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4440228\/%E9%A1%9E%E8%85%A6%E5%95%9F%E7%A4%BA+%E8%A8%93%E7%B7%B4%E4%BA%BA%E6%A9%9F%E5%85%B1%E9%80%B2%E5%8C%96\" class=\"blog-post_feature-link\">\u985e\u8166\u555f\u793a \u8a13\u7df4\u4eba\u6a5f\u5171\u9032\u5316<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/roy-tan\/\">Prof. Roy Liang TAN<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u672c\u6708\u4e2d\u65ec\uff0c\u6211\u53c3\u52a0\u6e2f\u5927\u7d93\u7ba1\u83ef\u5357\u6821\u53cb\u6703\u91ab\u7642\u5065\u5eb7\u5206\u6703\u5728\u6df1\u5733\u8209\u8fa6\u7684\u8ad6\u58c7\u3002\u524d\u5f80\u6df1\u5733\u7684\u8def\u4e0a\uff0c\u8207\u6e2f\u5927\u5de5\u7a0b\u5b78\u9662\u96fb\u6a5f\u96fb\u5b50\u5de5\u7a0b\u7cfb\u9ec3\u6bc5\u6559\u6388\u540c\u884c\uff0c\u671f\u9593\u804a\u8d77\u4ed6\u7684\u7814\u7a76\u65b9\u5411\uff1a\u985e\u8166\u6676\u7247\u548c\u8166\u6a5f\u63a5\u53e3\u3002 \u6211\u4e0d\u662f\u985e\u8166\u6676\u7247\u9818\u57df\u7684\u6280\u8853\u5c08\u5bb6\uff0c\u4f46\u9019\u6b21\u4ea4\u6d41\u8b93\u6211\u5f88\u53d7\u555f\u767c\u3002<\/div><div class=\"blog-post_datetime\">26 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><hr class='article-divider'><div class='article-links'><div class=\"links\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><a href=\"https:\/\/www.hkej.com\/dailynews\/investment\/article\/4440228\/%E9%A1%9E%E8%85%A6%E5%95%9F%E7%A4%BA+%E8%A8%93%E7%B7%B4%E4%BA%BA%E6%A9%9F%E5%85%B1%E9%80%B2%E5%8C%96\">\u4fe1\u5831\u8ca1\u7d93\u65b0\u805e<\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=7><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/ft-chinese-column\/when-images-are-no-longer-proof-trust-and-markets-in-the-ai-age\/\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/262965\/2026.06.29_FT_Prof.-Guojun-He-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u7576\u5716\u7247\u4e0d\u518d\u7b97\u8b49\u64da\uff1aAI\u6642\u4ee3\u7684\u4fe1\u4efb\u91cd\u4f30\u8207\u5e02\u5834\u7d50\u69cb\u91cd\u7d44\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/ft-chinese-column\/when-images-are-no-longer-proof-trust-and-markets-in-the-ai-age\/\" class=\"blog-post_feature-link\">\u7576\u5716\u7247\u4e0d\u518d\u7b97\u8b49\u64da\uff1aAI\u6642\u4ee3\u7684\u4fe1\u4efb\u91cd\u4f30\u8207\u5e02\u5834\u7d50\u69cb\u91cd\u7d44<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/guojun-he\/\">Prof. Guojun He<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u904e\u53bb\u6211\u5011\u8cb7\u6771\u897f\uff0c\u591a\u5c11\u6709\u9ede\u50cf\u76f8\u89aa\u3002 \u5148\u770b\u7167\u7247\uff0c\u55ef\uff0c\u633a\u7cbe\u795e; \u518d\u770b\u81ea\u6211\u4ecb\u7d39\uff0c\u771f\u8aa0\u3001\u5c08\u696d\u3001\u503c\u5f97\u8a17\u4ed8; \u6700\u5f8c\u770b\u770b\u5225\u4eba\u8a55\u50f9\uff0c\u4e94\u661f\u597d\u8a55\u3001\u56de\u8cfc\u4e09\u6b21\u3001\u9589\u773c\u5165\u3002 \u65bc\u662f\u6211\u5011\u4e0b\u55ae\uff0c\u5c31\u50cf\u5728\u5fc3\u88e1\u9ed8\u9ed8\u8aaa\uff1a\u96d6\u7136\u6211\u5011\u7d20\u672a\u8b00\u9762\uff0c\u4f46\u6211\u9858\u610f\u76f8\u4fe1\u4f60\u4e0d\u662f\u300c\u7167\u9a19\u300d\u3002<\/div><div class=\"blog-post_datetime\">25 Jun 2026<\/div><\/div><\/div><\/div><\/div><div class='wgl_col-4 item fadeInUp animated' data-animate='fadeInUp' data-order=8><div class='blog-post format-gallery'><div class=\"blog-post_wrapper\"><div class=\"blog-post_media\"><div class=\"blog-post_media_part\"><span><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/cross-border-capital-flow-management-an-art-of-balancing\/\" class=\"blog-post_feature-link \"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"440\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/262678\/2026.06.25_HKEJ_Prof.-Xiang-Fang-680x440-c.jpg\" class=\"attachment-event-thumbnail\" alt=\"\u8de8\u5883\u8cc7\u672c\u6d41\u52d5\u7ba1\u7406\u7684\u5e73\u8861\u85dd\u8853\" \/><\/a><\/span><\/div><\/div><div class=\"blog-post_content\"><div class=\"blog-post_title\"><a href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/cross-border-capital-flow-management-an-art-of-balancing\/\" class=\"blog-post_feature-link\">\u8de8\u5883\u8cc7\u672c\u6d41\u52d5\u7ba1\u7406\u7684\u5e73\u8861\u85dd\u8853<\/a><\/div><div class=\"thought-leadership-item_researcher\"><a href=\"https:\/\/www.hkubs.hku.hk\/people\/xiang-fang\/\">Prof. Xiang FANG<i class=\"flaticon flaticon-next author-arrow\"><\/i><\/a><\/div><div class=\"article-content\">\u8fd1\u671f\uff0c\u4e2d\u570b\u8b49\u5238\u76e3\u7763\u7ba1\u7406\u59d4\u54e1\u6703\u51fa\u53f0\u65b0\u65b9\u6848\uff0c\u4ee5\u6574\u6cbb\u8de8\u5883\u8b49\u5238\u671f\u8ca8\u57fa\u91d1\u7d93\u71df\u6d3b\u52d5\uff0c\u4e26\u5f97\u5230\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\u548c\u91d1\u878d\u7ba1\u7406\u5c40\u652f\u6301\uff0c\u540c\u6b65\u66f4\u65b0\u5167\u5730\u5ba2\u6236\u8d74\u6e2f\u958b\u8a2d\u8b49\u5238\u6295\u8cc7\u5e33\u6236\u7684\u898f\u5247\u3002<\/div><div class=\"blog-post_datetime\">24 Jun 2026<\/div><div class=\"blog-post_category\">\u6559\u5b78\u4eba\u54e1<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"pagination acenter\"><span aria-current=\"page\" class=\"page-numbers current\">1<\/span><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/?pg=2&\">2<\/a><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/?pg=3&\">3<\/a><span class=\"page-numbers dots\">&hellip;<\/span><a class=\"page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/?pg=167&\">167<\/a><a class=\"next page-numbers\" href=\"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/?pg=2&\"><i class=\"arrow right\"><\/i><span class=\"sr-only\">\u4e0b\u4e00\u9801<\/span><\/a><input type=\"text\" aria-label=\"\u8f38\u5165\u9801\u6578\" class=\"page-textbox\"><div class=\"max-page-number\">\/167<\/div><\/div><\/section><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85264f1 elementor-widget elementor-widget-shortcode\" data-id=\"85264f1\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><div class='thought-listing-bottom' id='thought-listing-bottom-container'><div class='thought-listing-bottom-content'><div class='title h5'>\u5c08\u6b04\u4f5c\u8005<\/div><div class='container'><div class='row author-thumbnail-list'><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/53595\/ZHANG_Jian-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Jian ZHANG\" \/><div class=\"people-info\"><p>Prof. Jian ZHANG<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/65403\/LIU_Xuwen_2019_web-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Xuewen LIU\" \/><div class=\"people-info\"><p>Prof. Xuewen LIU<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/196995\/Prof.-Szentes-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Balazs SZENTES\" \/><div class=\"people-info\"><p>Prof. Balazs SZENTES<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/67127\/Dr-Heng-Chen_2019-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Heng CHEN\" \/><div class=\"people-info\"><p>Prof. Heng CHEN<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/211029\/7621403-1-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Naijia GUO\" \/><div class=\"people-info\"><p>Prof. Naijia GUO<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/196989\/Soo-Jin-Oh-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Soojin OH\" \/><div class=\"people-info\"><p>Prof. Soojin OH<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/184172\/Dr.-Michael-Wong_02-Cropped-1-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Michael B. WONG\" \/><div class=\"people-info\"><p>Prof. Michael B. WONG<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/196953\/Andy-Back-scaled-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Andy S. BACK\" \/><div class=\"people-info\"><p>Prof. Andy S. BACK<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/226933\/shen-max-1-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Z. Max SHEN\" \/><div class=\"people-info\"><p>Prof. Z. Max SHEN<\/p><\/div><\/div><\/div><div class=\"people-item\"><div class=\"people-card fadeInUp animated\" data-animate=\"fadeInUp\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/www.hkubs.hku.hk\/wp-content\/uploads\/fly-images\/151891\/Dr.-Feng-Tian-800x800-ct.jpg\" class=\"attachment-people-thumbnail\" alt=\"Prof. Feng TIAN\" \/><div class=\"people-info\"><p>Prof. Feng TIAN<\/p><\/div><\/div><\/div><\/div><div class='row author-details-list'><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Jian ZHANG<\/div><p class='author-info-position'>Associate Professor<\/p><p class='author-info-position'>MFin Deputy Programme Director<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jfineco.2026.104309\">Dirty Air and Green Investments: The Impact of Pollution Information on Portfolio Allocations<\/a><\/div><div class=\"blog-post_datetime\"><span>August 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/mnsc.2024.04649\">Do Households React to Monetary Policy?<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/mnsc.2021.04232\">Liberalizing Home-Based Business<\/a><\/div><div class=\"blog-post_datetime\"><span>December 2024<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Xuewen LIU<\/div><p class='author-info-position'>Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2026.105662\">A Model of China\u2019s Economic Vertical Structure<\/a><\/div><div class=\"blog-post_datetime\"><span>July 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jinteco.2026.104238\">Preferential Credit Policy with Sectoral Markup Heterogeneity<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/iere.12700\">Asset-market Sentiments and Business Cycle Fluctuations<\/a><\/div><div class=\"blog-post_datetime\"><span>November 2024<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Balazs SZENTES<\/div><p class='author-info-position'>Chair of Economics<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1111\/1756-2171.70014\">Buyer-Optimal Platform Design<\/a><\/div><div class=\"blog-post_datetime\"><span>Summer 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.3982\/ECTA21383\">Flexible Moral Hazard Problems<\/a><\/div><div class=\"blog-post_datetime\"><span>March 2024<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Heng CHEN<\/div><p class='author-info-position'>Associate Professor<\/p><p class='author-info-position'>MEcon Programme Director<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jet.2026.106189\">Expectation and Confusion: Evidence and Theory<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jpubeco.2026.105615\">Cronies in the Courtroom: Political Interference and Judicial Reforms<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1093\/restud\/rdaf066\">Women in the Courtroom: Technology and Justice<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2026<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Naijia GUO<\/div><p class='author-info-position'>Associate Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103816\">Domestic Outsourcing and Employment Security<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.3982\/ECTA19699\">Rural Pensions, Labor Reallocation, and Aggregate Income: An Empirical and Quantitative Analysis of China<\/a><\/div><div class=\"blog-post_datetime\"><span>September 2025<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2024.103390\">Public Pensions and Family Dynamics: Eldercare, Child Investment, and Son Preference in Rural China<\/a><\/div><div class=\"blog-post_datetime\"><span>January 2025<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Soojin OH<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1037\/apl0001350\">An Integrative Conceptual Review of Gender Bias in Leader Evaluations: An Observer-Focused Motive-Driven Process Model<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.5465\/amr.2021.0131\">A New Perspective on Gender Bias in the Upper Echelons: Why Stakeholder Variability Matters<\/a><\/div><div class=\"blog-post_datetime\"><span>April 2024<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Michael B. WONG<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1016\/j.jdeveco.2026.103816\">Domestic Outsourcing and Employment Security<\/a><\/div><div class=\"blog-post_datetime\"><span>June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1257\/mic.20210406\">Ideological Bias and Trust in Information Sources<\/a><\/div><div class=\"blog-post_datetime\"><span>May 2025<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Andy S. BACK<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/orsc.2023.17601\">Advisor\u2013Advisee Research Overlap and Its Implications for Scientists\u2019 Early-Career Performance in the United States<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Z. Max SHEN<\/div><p class='author-info-position'>Chair Professor in Logistics and Supply Chain Management<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2024.0894\">Penalizing Lateness or Sharing Cost: Project Outsourcing via Request-for-Quote<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/opre.2023.0427\">Integrated Conditional Estimation-Optimization<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/opre.2023.0645\">Optimized Dimensionality Reduction for Moment-Based Distributionally Robust Optimization<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><\/div><\/div><div class='author-details'><div class='author-info'><div class='author-info-name h5'>Prof. Feng TIAN<\/div><p class='author-info-position'>Assistant Professor<\/p><\/div><div class='author-articles'><div class='title h6'>\u5b78\u8853\u8ad6\u6587<\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/opre.2024.1156\">Funding the Real Deal: Dynamic Moral Hazard with Adverse Selection<\/a><\/div><div class=\"blog-post_datetime\"><span>May - June 2026<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/msom.2025.0024\">Optimal Capacity and Price Designs Under Ex Ante and Ex Post Theft<\/a><\/div><div class=\"blog-post_datetime\"><span>November - December 2025<\/span><\/div><\/div><\/div><div class=\"article\"><i class=\"flaticon flaticon-next link-arrow\"><\/i><div class=\"article-info\"><div class=\"hyper-link h6\"><a href=\"https:\/\/doi.org\/10.1287\/mnsc.2022.01169\">Dynamic Contract Design in the Presence of Double Moral Hazard<\/a><\/div><div class=\"blog-post_datetime\"><span>August 2025<\/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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d5f1c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d5f1c7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f70cf09\" data-id=\"f70cf09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\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":"<p>Financial Times \u4e2d\u6587\u7db2 &#8211; \u660e\u5fb7\u5546\u8ad6\u5c08\u6b04<\/p>\n","protected":false},"author":169,"featured_media":0,"parent":54463,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"thought-leadership-listing.php","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-218325","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/users\/169"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/comments?post=218325"}],"version-history":[{"count":4,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/revisions"}],"predecessor-version":[{"id":218336,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/218325\/revisions\/218336"}],"up":[{"embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/pages\/54463"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/media?parent=218325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}