The Hang Seng University of Hong Kong
School of Business - The Hang Seng University of Hong Kong

Dr Andy CHENG

BBA-FAFT/BBA-FA Programme Director
Associate Professor
Department of Economics and Finance

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Active
Researcher
  • 104 Citation(s)
  • 5 h-index(es)

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 an Associate Professor in the Department of Economics and Finance. He previously served as the Associate Head of the Department, as well as Associate Director and Thematic Research Lead for Financial Markets at the Research Institute for Business. Before joining HSUHK, Dr Cheng gained extensive industry experience in financial market infrastructure development and regulatory frameworks.

He has been invited to join the MIT Technology Review Global Panel and was selected to participate in the Advanced Research Scholar Program at the Wharton School of the University of Pennsylvania. His teaching and research encompass law and finance, with a particular emphasis on integrating rigorous academic insight with real-world financial practice.

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:

  • 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
    DOI: 10.1016/j.intfin.2020.101241 (ABDC: A)
  • 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
    DOI: 10.1142/S0217590817450126 (ABDC: B)
  • 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.
    DOI: 10.1016/j.regsciurbeco.2017.08.002 (ABDC: A)
  • 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.
    DOI: 10.1142/S021909151750014X (ABDC: B)

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
  • Member of the Academic and Accreditation Advisory Committee, Securities and Futures Commission (SFC), HKSAR
  • Advisory Group Member of the Financial Education for Young Adults, Investor and Financial Education Council (IFEC), Securities and Futures Commission (SFC), HKSAR
  • 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