
معرفی
Dr. Xiang Fang serves as Assistant Professor in the Department of Finance at The University of Hong Kong's Faculty of Business and Economics, joining the institution in 2019. His research centers on international finance, asset pricing, and macro-finance with emphasis on financial intermediaries' role in currency markets.
His academic credentials include:
- Ph.D. in Economics, University of Pennsylvania (2019)
- M.A. in Economics, Tsinghua University (2013)
- B.A. in Economics, Fudan University (2011)
Dr. Fang investigates how volatility and intermediary constraints impact exchange rates, exploring connections between financial markets and macroeconomic conditions. His work bridges theoretical models with empirical analysis of real-world financial systems, particularly focusing on emerging market dynamics and currency risk premiums.
His recent publications examine offshore renminbi stablecoins, Hong Kong's linked exchange rate system, and bank capital requirements in emerging economies. These works reveal a consistent research trajectory analyzing how financial institutions shape global currency markets under regulatory constraints and macroeconomic shocks.
Award recognition includes:
- The Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research, WFA 2017
As an educator, Dr. Fang emphasizes intellectual independence and maintaining peace of mind in research. He draws from teaching experience at the University of Pennsylvania where he instructed over 90 students, advocating for students to discover their own academic paths while developing resilience against research failures.
He actively collaborates with scholars including Professors Yang Liu and Haonan Zhou, and engages with market participants and policymakers to ensure his research addresses evolving real-world financial challenges.

