Title: Executive Associate Dean of Shenzhen Finance Institute,
Programme Director of MSc in FIN of CUHK (SZ),
Programme Director of MBA in FIN of CUHK,
Former Programme Director of MSc in FIN of CUHK
Education Background:BE (USTC); MSc; PhD (Duke)
Research Field:Financial Econometrics; Investment



Professor Ming Liu graduated from Duke University in 1996. He publishes on Journal of Banking and Finance, Journal of Financial Econometrics, Journal of Financial Research, Journal of Fixed Income, Pacific Basin Finance Journal, Journal of Real Estate Finance and Economics, Journal of Financial and Quantitative Analysis, Econometric Theory, Journal of Monetary Economics, Review of Economics and Statistics and Journal of Econometrics. His recent article, “Greasing the wheels of bank lending: evidence from private firms in China”, published on Journal of Banking and Finance, investigates the importance of corruption as an alternative mechanism to facilitate lending to Chinese private companies.



1.Chow, Ying Foon, Liu, Ming, Fan, X.T., 2008, Broad-Market Return Persistence and Momentum Profitsh . Mathematics and Computers in Simulation 78, 181–188

2.Liu, Ming, Fan, Xinting, 2008, Sorting, Firm Characteristics, and Time-Varying Risk: An Econometric Analysis . Journal of Financial Econometrics, 6, 49-86

3.Liu, Ming, 2003, The Value of Mortgage Tenor Feature in Hong Kong . Pacific Basin Finance Journal, 11:1

4.Chow, Ying Foon, Liu, Ming, 2003, The Value of Variable-Tenor Mortgage Feature in Hong Kong . Pacific Basin Finance Journal, Vol. 11

5.Liu, Ming, Chiang, R., Chow, Y., 2002, How Do Mortgage Spreads Vary with Individual Characteristics . Journal of Real Estate Finance and Economics

6.Chow, Ying Foon, Chiang, R., Liu, Ming, 2002, Residential Mortgage Lending and Borrower Risk: The Relationship Between Mortgage Spreads and Invididual Characteristics . Journal of Real Estate Finance and Economics, Vol. 25

7.Liu, Ming, 2000, Modeling Stock Market Volatility . Journal of Econometrics, 99, 139-171

8.Liu, Ming, An, M., 2000, Solving Initial Conditions Problem with Indirect Inference . Review of Economics and Statistics, 82, 656-667

9.Chow, Ying Foon, Huang, C., Liu, Ming, 2000, Valuation of Adjustable Rate Mortgages with Automatic Maturity Stretching . Journal of Banking and Finance 24, 1809–1829

10.Liu, Ming, Chow, Ying Foon, Huang, C., 2000, Valuation of the Variable Tenor Mortgage Loans .Journal of Banking and Finance, 24, 1809-1829

11.Huang, Charles, Wong, Sharon, Tang, Don, Liu, Ming, 1999, Hong Kong Residential Mortgage Prepayment Analysis and Modeling. . The Journal of Fixed Income, pp.55-65

12.Liu, Ming, Chow, Ying Foon, 1999, Long Swing with Memory and Stock Market Fluctuation .Journal of Financial and Quantitative Analysis, 34, 341-367

13.He, Jia, Liu, Ming, 1998, Mortgage Prepayment Behavior in a Market with ARMs only . Journal of the Asian Real Estate Society, 1, 64-80