Dr Yeguang Chi

PhD in Financial Economics & MBA (University of Chicago Booth School of Business); MS & BA in Applied Mathematics (Harvard University)


Yeguang Chi served as an Assistant Professor of Finance at Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University from 2015 to 2020.

Dr. Chi’s research focuses on the areas of asset pricing, information and markets, institutional money management, Chinese financial markets, and cryptocurrency.

Dr. Chi received his Ph.D. in Financial Economics from the University of Chicago Booth School of Business and Economics Department in 2015, MBA from the University of Chicago, Booth School of Business in 2015, and M.S. and B.A. in Applied Mathematics from Harvard University in 2008. 

Research | Current


Mutual Fund Investing in the Chinese A-share Market, with Xiao Qiao, Handbook of Banking and Finance in Emerging Markets, forthcoming.

Volatility Model Applications in China's SSE50 Options Market, with Wenyan Hao, and Yifei Zhang, Journal of Futures Markets, forthcoming in 2022.

Volatility Models for Cryptocurrencies and Applications in the Options Market, with Wenyan Hao, Journal of International Financial Markets, Institutions and Money, vol. 75, 2021, 101421 https://doi.org/10.1016/j.intfin.2021.101421.

Volatility and Returns: Evidence from China, with Binbin Deng, Xiao Qiao, Sibo Yan, International Review of Finance, https://doi.org/10.1111/irfi.12336.

Factor Forecasting following Smart Money, with Qinhua Chen, Xiao Qiao, Pacific-Basin Finance Journal, Volume 62, September 2020, 101368

Beauties of the Emperor: An investigation of a Chinese government bailout, with Xiaoming Li, Journal of Financial Markets, Volume 44, June 2019, Pages 42-70

Smart Beta, Smart Money, with Qinhua Chen, Journal of Empirical Finance, Volume 49, December 2018, Pages 19-38

In publication cycle:

Growth Tilt of Chinese Stock Mutual Funds, with Bijiao Yin

Private Information Behind Insider Trades: Evidence from Cross Section and Time Series, with Linchen Liu, Xiao Qiao

A Horserace of Volatility Models for Cryptocurrency: Evidence from Bitcoin Spot and Option Markets, with Wenyan Hao

Margin-call risk of stock-pledge financing, with Yuhuan Guan

Working papers:

Private Information in the Chinese Stock Market: Evidence from Mutual Funds and Corporate Insiders

Performance Evaluation of Chinese Equity Analysts

Tax Incentive and Information Content of Block Trades, with Kai Yu

Teaching | Current

BUSADMIN765: Finance, 2021, 2022

BUSMBA701: Financial Return, Risk and Valuation, 2021, 2022

BUSMGT742: International Trade and Finance, 2020, 2021, 2022

Financial Markets (MF): 2019 - 2020

Investments (MBA): 2015 - 2018


Postgraduate supervision

MBA & MF Thesis Supervision: 2015 - 2021

PhD Supervision (committee member): 2017 - 2018


The University of Auckland Faculty Research Development Fund 2021

The University of Auckland Performance-Based Research Fund 2021

The University of Auckland Performance-Based Research Fund 2020

CFA Best Paper of the 7th Auckland Finance Meeting 2017

China Academy of Financial Research (CAFR): Research Grants 2015 – 2017

CFA First Prize of the 29th Australasian Finance and Banking Conference 2016

Fischer Black Fellowship in Finance 2014 – 2015

American Finance Association Doctoral Travel Scholar 2014

Margaret M. Lee Prize for highest overall performance in macro specialized fields 2011 – 2012

Chicago Booth Fama-Miller Research Center: Research Grants 2012 – 2014

John Harvard Scholar 2004 – 2008

Shelby Davis United World College Scholar 2004 – 2008

Areas of expertise

Asset Pricing, Institutional and Retail Investors, Behavioral Finance, Chinese Financial Markets, Cryptocurrency

Committees/Professional groups/Services

Referee: Journal of Finance, Management Science, Journal of Banking and Finance, International Review of Finance, Review of Economics and Statistics, Journal of International Financial Markets, Insitutions and Money

National Bureau of Economic Research, Full-Time Research Assistant 2008 – 2010

Cornerstone Research, Analyst 2007

Contact details

Alternative contact

Alternative email: chiyeguang@gmail.com

Office hours

Arrange by email: y.chi@auckland.ac.nz

Primary office location

Level 3, Room 3110
New Zealand