Liu, Ming（刘民） BE (USTC); MSc, PhD (Duke)



Associate Professor
Director, Executive MBA (Chinese) Programme
Director, MBA in Finance Programme
Director, Centre for Chinese Financial Development & Reform
ContactDepartment of Finance

Room 1222, 12/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7859

liuming@baf.cuhk.edu.hk


Links
LinkedIn Profile
Curriculum Vitae

BiographyProf. 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.
Teaching AreasInvestment
Empirical Finance
Research InterestsInvestment
Banking and Financial Institution
Publications & Working PapersYunling Chen, Ming Liu, and Jun Su (2013), “Greasing the wheels of bank lending: Evidence from private firms in China,” Journal of Banking & Finance, 37(7), 2533.
Ying-foon Chow, Ming Liu, and X. T. Fan (2008), “Broad-Market Return Persistence and Momentum Profitsh,”?Mathematics and Computers in Simulation, 78,?181-188.
Ming Liu and Xinting Fan (2008), “Sorting, Firm Characteristics, and Time-Varying Risk: An Econometric Analysis,”?Journal of Financial Econometrics,?6,?49-86.
Ming Liu (2003), “The Value of Mortgage Tenor Feature in Hong Kong,” Pacific Basin Finance Journal, 11, 1.
Ying-foon Chow, and Ming Liu (2003), “The Value of Variable-Tenor Mortgage Feature in Hong Kong,” Pacific Basin Finance Journal, 11.
Ming Liu, R.Chiang, and Y.Chow (2002), “How Do Mortgage Spreads Vary with Individual Characteristics,” ?Journal of Real Estate Finance and Economics, 25, 5-32.
Ying-foon Chow, R. Chiang, and Ming Liu (2002), “Residential Mortgage Lending and Borrower Risk: The Relationship Between Mortgage Spreads and Invididual Characteristics,” ?Journal of Real Estate Finance and Economics, 25.
Ming Liu (2000), “Modeling Stock Market Volatility,” Journal of Econometrics, 99, 139-171.
Ming Liu, and M. An (2000), “Solving Initial Conditions Problem with Indirect Inference,” Review of Economics and Statistics, 82, 656-667.
Ying-foon Chow, C. Huang, and Ming Liu (2000), “Valuation of Adjustable Rate Mortgages with Automatic Maturity Stretching,”?Journal of Banking and Finance, 24, 1809-1829.
Ming Liu, Ying-foon Chow, and C. Huang (2000), “Valuation of the Variable Tenor Mortgage Loans,” Journal of Banking and Finance, 24,?1809-1829.
Charles Huang, Sharon Wong, Don Tang, and Ming Liu (1999), “Hong Kong Residential Mortgage Prepayment Analysis and Modeling,” The Journal of Fixed Income, 55-65.
Ming Liu and Ying-foon Chow (1999), “Long Swing with Memory and Stock Market Fluctuation,” Journal of Financial and Quantitative Analysis,?34, 341-367.
Jia He and Ming Liu (1998), “Mortgage Prepayment Behavior in a Market with ARMs only,” Journal of the Asian Real Estate Society, 1, 64-80.

Grants“Efficient Estimation of Equity Risks (CAPM Beta) With Sorting on Multiple Instruments (多工具排序和股票风险的有效估计)”, Earmarked Grants awarded by Research Grants Council, 2003-2006
“A Study on Share Repurchases in Hong Kong (香港股票回购研究)”, Earmarked Grants awarded by Research Grants Council, 2000-2002
“Weak Moments in the Efficient Methods of Moments (有效矩分析方法的微矩问题)”, Earmarked Grants awarded by Research Grants Council, 2000-2002