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  Issue 27 | Archive May 2016

NUS RMI Co-hosts Conference with Peking University HSBC Business School

The Risk Management Institute (RMI) at National University of Singapore (NUS) and Peking University HSBC Business School (PHBS) co-organized the First PKU-NUS Annual International Conference on Quantitative Finance and Economics at PHBS in Shenzhen, China, on 7 and 8 May 2016. Attended by more than 50 delegates globally, this conference provided a platform for researchers to discuss a series of current quantitative finance and economics topics. Such discussions also offered insights for industry practitioners in view of the global economy¡¯s uncertainty especially China¡¯s slowdown.

A total of 23 original and unpublished research papers were selected for presentation and discussion at the two-day conference. The conference consisted of a plenary talk and six sessions highlighting themes such as asset pricing, risk management, return prediction, corporate finance, quantitative finance, and macro finance. Each session featured presentations and discussions of relevant research papers followed by their discussion and Q&A sessions.

The conference kicked off on 7 May with opening remarks delivered by RMI Director Prof. Steven Kou and PHBS Dean Prof. Wen Hai. Following this, Prof. Deng Yongheng, Provost`s Chair Professor of Real Estate and Finance at NUS, discussed ¡°Default Option Exercise over the Financial Crisis and Beyond¡± as the invited plenary speaker. ¡°I hope my research can help shed some light on our understanding of the Chinese real estate market today,¡± shared Prof. Deng, who is also the Head of Department of Real Estate and Director of the Institute of Real Estate Studies (IRES) at NUS.

On the first day, three sessions on asset pricing, macro finance, and corporate finance were arranged. Chaired by Prof. Kou, the asset pricing session presented and discussed three papers. Discussants included Yulei Peng from Sun Yat-sen University and Xuchuan Yuan from Harbin Institute of Technology. The two sessions in the afternoon focused on macro finance and corporate finance and were chaired by Prof. Chia-Shang J. Chu and A/P Ting Ren, of PHBS.

The second day began with a session on bank risk management, chaired by PHBS Dr. Heungju Park. Four papers on bank risk management were presented and discussed. After this session, A/P Robert Kimmel from NUS RMI, presided over the return predictability session. Jie Cao from the Chinese University of Hong Kong, Liya Chu from Singapore Management University, Yingda Song from University of Science and Technology of China, and Heungju Park shared their views on the subject as discussants. Four papers focusing on quantitative finance were presented and discussed in the quantitative finance session chaired by Prof. Kou at the end of the conference.

This conference constitutes RMI¡¯s dedication to excel in research in the fields of risk management and quantitative finance, and complements RMI¡¯s long-standing Annual Risk Management Conference in Singapore, which has been running for the past 10 years. It also echoes RMI¡¯s effort to establish its presence in the Chinese academia and strengthen its contribution to research in the fields of economics, finance, and risk management.

Meanwhile, this annual event has also extended RMI¡¯s collaboration with PHBS, its partner university for the NUS-PKU Master of Science in Financial Engineering (MFE) Double Degree Program (DDP).

The next Conference will take place in the Risk Management & Quantitative Finance Center, located in the NUS (Suzhou) Research Institute, in May 2017.

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Published quarterly by Risk Management Institute, NUS
Editor: Shivani Nakhare (rminsr@nus.edu.sg)