Dr Andy CHENG

Associate Head and Associate Professor
Associate Programme Director of MBM Programme (Global Finance)
Programme Director of BBA-Financial Analysis and FinTech/BBA-Financial Analysis Programmes
Department of Economics & Finance

Academic & Professional Qualifications

BSc in Economics (LSE, University of London)
MSc in Finance (City University of Hong Kong)
MA in Electronic Business (City University of Hong Kong)
LLM (University of Wolverhampton)
PhD in Finance (Shanghai University of Finance and Economics)

Biography

Dr Cheng is currently the Associate Head and Associate Professor of the Department of Economics and Finance.  Previously, he also served as the Associate Director and Thematic Research Theme Lead in financial markets of the Research Institute for Business.  Before joining the HSUHK, he worked in the financial industry regarding market infrastructure development and financial regulatory framework.  He is a member of the MIT Technology Review Global Panel and participated in the Advanced Research Scholar Program of the Wharton School of the University of Pennsylvania.  His teaching areas comprise law and finance topics.

Research and Teaching Interests

  • Financial Analytics and Fintech, Financial Regulatory and Compliance, Sustainable Finance and Climate Risk, Spatial Analytics and Finance

Intellectual Contributions (Publications, Conferences, Books, Book Chapters, etc.)

Selected Publications:

  • Exploring the Impact of ChatGPT on Module-Level Assessments: A Case Study in Hong Kong Chen, G. & Cheng, W. W., Jun 2025, (Accepted/In press) In: Law Teacher. p.40
  • Teaching Ethics in a Technology Regulation Module: Exploring the Pedagogical Method, Cheng, A. & Chen, L., 2023, In: Law Teacher. 57, 2, p. 105-118 14 p.
  • Eastern Halloween effect: A Stochastic Dominance Approach, Chui, D., Wing Cheng, W., Chi Chow, S. & LI, Y., Sept 2020, In: Journal of International Financial Markets, Institutions and Money. 68, 101241.
  • Evolutionary Trend of Foreign Investment in China: A Combined Decomposition and Transitional Dynamics Approach, Cheong, T. S. E., Cheng, A. W. W. & Li, V. J., 1 Sept 2019, In: Singapore Economic Review. 64, 4, p. 1037-1055 19 p.
  • China’s Macroeconomic Fundamentals on Stock Market Volatility: Evidence from Shanghai and Hong Kong, Cheng, A. W. W. & Yip, I. W. H., 1 Jun 2017, In: Review of Pacific Basin Financial Markets and Policies. 20, 2, 1750014.
  • Home Purchase Restriction and Housing Price: A Distribution Dynamics Analysis, Li, V. J., Cheng, A. W. W. & Cheong, T. S., Nov 2017, In: Regional Science and Urban Economics. 67, p. 1-10 10 p.

Selected Conference Papers:

  • “Exploring the Opportunity and Challenges of ChatGPT in Tertiary Education: A Case Study on Assessment and Academic Integrity”, The 8th International Academic Conference on Education, University of Oxford, London, 2024
  • “Teaching Ethics in a Technology Regulation Module: Exploring the Pedagogical Method”, Global Innovation Network for Teaching and Learning (GINTL), University of Helsinki & Ministry of Education and Culture of Finland, 2023
  • “Pairs Trading with Crypto: Evidence from Bitcoin”, University of Economics, Prague, Czech Republic, 2019
  • “Crypto-currency: Implication for Regulation Governance”, 39th International Academic Conference, Amsterdam, Netherlands, 2018
  • “Financial Technology Transformation – Evidence from China’s Value Web”, University of London, UK, 2017
  • “Financial Advisory Services Regulation in Hong Kong: The Need for Greater Regulatory Intervention”, The Corporate Law Teachers Association Conference, School of Law, Melbourne University, Australia, 2015
  • “China Macroeconomic Fundamentals and Hong Kong Stock Market Volatility – A GARCH-MIDAS Analysis”, The 23rd Annual Conference on Pacific Basin Finance, Economics, Accounting and Management, Vietnam, 2015
  • “An Empirical Analysis on Stock Market Integration between China and Hong Kong”, The 17th Eurasia Business and Economics Society Conference, Italy, 2015
  • “Catfish Effect of Internet Finance on China’s Financial Reform”, The 4th Annual Conference on Management and Social Science, Singapore, 2014
  • “Information Transmission among US, China and Hong Kong Stock Markets”, The 10th Asian Business Research Conference, Thailand, 2014
  • “A comparative Research on Physical and Synthetic Replicated Exchange Traded Fund (ETF): An Empirical Study from Mainland China and Hong Kong”, The 9th Eurasia Business and Economics Society Conference, Italy, 2013
  • “Impact of Split Share Structure Reform of China State-owned Enterprises on China’s Corporate Governance Development”, World Business and Economics Research Conference, New Zealand, 2011
  • “Risk on Financial Derivative Contract – A Legal Aspect”, Shanghai International Conference on Social Science, Shanghai, 2011

Research Grants and Awards

  • Co-Investigator, Institutional Development Scheme (IDS) 2023: GILT (Globalisation, Internationalisation, Localisation and Translation) Research Centre (UGC/IDS(R)14/23)
  • Principal Investigator & Co-Lead, Enhancement and Start-up Grant Scheme (ESGS) for Self-Financing Post-Secondary Education Grant 2021, Project Title: FinTech Literacy Enhancement (ESGS/2021/APP-10)
  • Principal Investigator, Inter-Institutional Development Scheme (IIDS), 2017, Project Title: Fintech: Disruptive Innovation in Financial Services (UGC/IIDS14/B02/17)
  • Co-Investigator, Faculty Development Scheme (FDS), 2016, Project Title: The Evolutionary Trend of International Income Inequality: An Analysis of Decomposition and Transitional Dynamics (UGC/FDS14/B19/16)
  • Co-Investigator, Quality Enhancement Support Scheme (QESS), 2015, Project Title: Development of an Education and Research Center with Automatic Virtual Reality Platform for 3D Interactive Learning and Big Data Analytics (05-QESS-2015)
  • Research Achievement Awards, School of Business, HSUHK (2015/16, 2016/17, 2017/18, 2018/19, 2019/20, 2020/21, 2022/23)
  • Teaching Excellence Awards, School of Business, HSUHK (2014/15, 2015/16, 2016/17, 2017/18, 2018/19, 2019/20, 2020/21, 2021/22, 2022/23)

Business and Professional Engagement

  • Editorial Review Board Member, Business & Economics Sector, Social Science & Humanities Open, ScienceDirect/Elsevier
  • GIS Spatial Analysis for Financial Research and Business Application: University of California, Davis
  • Textual and Sentiment Analysis: University of Oxford
  • Crowdsourced Research Methodology in Humanities: University of Oxford
  • Fintech and Future Commerce: Massachusetts Institute of Technology
  • Advisory Focus Group Panel Member on Banking and Finance Training Board, Vocational Training Council, HKSAR
  • Advisor (External) of the Quality Review Committee, Institutional Advancement Office of the Vocational Training Council, HKSAR
  • Advisory Group Member of the Financial Education for Young Adults’ Investor and Financial Education Council (IFEC), Securities and Futures Commission (SFC), HKSAR