Zhiwu Chen

Zhiwu Chen's picture
CEAS Affiliate
Yale University School of Management
Areas of interest : 
Finance Theory; Securities Valuation; Emerging Markets; and China's Economy and Capital Markets

Professor Zhiwu Chen is an expert on finance theory, securities valuation, emerging markets, and China’s economy and capital markets.  Chen started his career by publishing research papers in top economics and finance journals on topics related to financial markets and theories of asset pricing.  Around 2001, Chen began to expand his research beyond mature markets and investigating market development and institution-building issues in the context of China’s transition process and other emerging markets.  Chen is on the International Advisory Board of the China Securities Regulatory Commission (CSRC), and a Chief Academic Advisor to two 10-episode CCTV documentary series, “Wall Street” and “Money.”  He is Chief Advisor to Permal Group, and on the board of directors at PetroChina, Bank of Communications, Noah Holdings, and Lord Abbett China Fund Management.

His work has been featured in newspapers and magazines in the United States, Hong Kong, China and other countries. He is a frequent contributor to media publications in China on topics of economic policy, market development and legal reform.  In its 2012 ‘G20 Influencers’ report, Burson-Marsteller listed Chen as one of the top ten political influencers in China.  Chen received the Graham and Dodd Award, the Pacesetter Research Award, the Merton Miller Prize, and the Chicago Board Options Exchange Competitive Research Award.  His book, The Logic of Finance (2009), has received more than 23 different book awards in China and Hong Kong.  His list of books published in China includes: How Is Wealth Created? (2005), Media, Law and Markets (2005), Why Are The Chinese Industrious and Yet Not Rich (2008), Irrational Overconfidence (2008), The Logic of Finance (2009), 24 Wealth Lectures (2009), and Assessing China’s Economic Growth of The Past 30 Years (2010).