323 National School of Development 
Peking University
Beijing 100871, China
Phone: (86)10-62751424 (Office)
Email: zhuohuang@nsd.pku.edu.cn
SHORT Bio
HUANG Zhuo is Deputy Dean, Professor of Economics and Fashu Endowed Scholar of the National School of Development at Peking University, Deputy Dean of Institute of South-South Cooperation and Development at Peking University, Dean of BiMBA Business School at the National School of Development, Deputy Director of the Institute of Digital Finance at Peking University, and Deputy Dean of the Changsha Institute of Computing and Digital Economy at Peking University. His research interests include financial econometrics, derivatives pricing and digital finance. He has published papers in peer-reviewed econometrics and finance journals, including Journal of Econometrics, Journal of Applied Econometrics, Journal of Business & Economic Statistics, Journal of Financial Econometrics, Journal of Empirical Finance, and Journal of Futures Markets. He has won the Richard Stone Best Paper Prize at the Journal of Applied Econometrics for the years of 2012-2013 and the second prize at the 7th Chinese Colleges and Universities Outstanding Research Achievements for 2011–2013. He got Outstanding Teaching Award at Peking University in 2020.
Prof. Huang currently serves as Co-editor of China Economic Quarterly International, Department Editor of China Finance Review International, Associate Editor of China Economic Quarterly 《经济学（季刊》, Editorial Board Member of Annals of Economics and Finance. He served as Guest Co-editor of special issues of Pacific Basin Finance Journal and China Economic Review.
Prof. Huang obtained his PhD in Economics from Stanford University in 2011. He received his B.A. of Economics, B.S. of Mathematics and Master of Finance from Wuhan University.
ACADEMIC POSITIONS
2024-present Deputy Dean, Professor in Economics, National School of Development at Peking University
Deputy Dean, Institute of South-South Cooperation and Development at Peking University
Dean, BiMBA Business School, National School of Development at Peking University
2020-2024 Associate Professor in Economics (with tenure),
National School of Development at Peking University
2018-present Fa-Shu Endowed Scholar,
National School of Development at Peking University
2022-present Deputy Dean,
Institute for Computing and Digital Economy at Peking University
2016-present Deputy Director and Senior Research Fellow,
Institute of Digital Finance at Peking University
2020-2023 Assistant Dean, National School of Development at Peking University
2015-2020 Associate Professor in Economics,
National School of Development at Peking University
2011-2015 Assistant Professor in Economics,
National School of Development at Peking University
RESEARCH INTERESTS
Financial Econometrics, Derivatives Pricing, Fintech and Digital Finance, Big Data Finance
EDUCATION
2011 Ph.D. in Economics at Stanford University
2008 M.S. in Financial Mathematics at Stanford University
2004 M.A. in Finance at Wuhan University
2001 B.A. in Finance, B.S. in Mathematics at Wuhan University
TEACHING EXPERIENCE
Advanced Econometrics (Ph.D. Core Course)
Intermediate Econometrics (Undergraduate Core Course)
Financial Econometrics (Graduate)
Empirical Finance (Undergraduate)
Derivatives Markets (Undergraduate)
Corporate Finance (Undergraduate)
Financial Economics (Undergraduate)
Financial Econometrics (Undergraduate)
FinTech and Digital Finance in China (Executive MBA)
PROFESSIONAL SERVICES
2017-present Associate Editor, China Economic Quarterly
2020-present Co-Editor, China Economic Quarterly International
2019-present Area Editor, China Finance Review International
2018-present Editorial Board Member, Annals of Economics and Finance
2019-2024 Elected Representative, Teachers’ Congress of Peking University
2017-present Member of Teaching Committee, National School of Development, Peking University
2019-2020 Secretary General, Open Research Initiative of Digital Finance
2018-present Major Initiator, Research Alliance on Digital Finance in China
2019-present Council Member, Chinese Young Finance Scholars Association
2019-present Core Member, China Forum of Fifty Scholars on Fintech Research and Education
2012-present Senior Research Fellow, China Center for Energy and Development, Peking University
2012-present Review Expert, National Natural Science Fund of China
2012-present Review Expert, National Social Science Fund of China
2018 Guest Co-editor, China Economics Quarterly Special Issue on Fintech and Digital Finance in China
2013-2015 Council Member, Chinese Society of World Economy
2011 Guest Co-editor, China Economics Quarterly Special Issue of China Spatial Economics Conference
MAJOR PUBLICATIONS IN PEER-REVIEWED JOURNALS
(Google Scholar Citations: 2035)
https://scholar.google.com/citations?user=VOITAUYAAAAJ&hl=en&oi=ao
Efficient Estimation of Multivariate Semi-nonparametric GARCH Filtered Copula Models (with Xiaohong Chen and Yanping Yi), Journal of Econometrics, Volume 222, Issue 1, Part B, May 2021.
The Effects of Economic Uncertainty on Financial Volatility: A Comprehensive Investigation (with Chen Tong, Tianyi Wang and Cong Zhang), Journal of Empirical Finance, Volume 73, September 2023.
Realized GARCH, CBOE VIX, and the Volatility Risk Premium (with Peter Reinhard Hansen, Chen Tong and Tianyi Wang), Journal of Financial Econometrics, Volume 22, Issue 1，2024.
FinTech Adoption and Rural Economic Development: Evidence from China, (Yulong Cai, Zhuo Huang, Xun Zhang), Pacific Basin Finance Journal， Volume 83, February 2024.
FinTech Adoption and the Effects of Economic Uncertainty on Household Consumption (Zhuo Huang, Ying Tan,Zi Yang and Xun Zhang ),China Economic Review, Volume 80, August 2023.
Option Pricing with Overnight and Intraday Volatility (Fang Liang, Lingshan Du and Zhuo Huang), Journal of Futures Markets ,Volume 43, Issue 11, 2023.
Option Pricing with State Dependent Pricing Kernel (with Chen Tong and Peter Reinhard Hansen), Journal of Futures Markets, Volume 42, Issue 8, 2022.
Do VIX futures contribute to the valuation of VIX options? （with Chen Tong and Tianyi Wang), Journal of Futures Markets, Volume 42, Issue 9, 2022.
Do VIX futures contribute to the valuation of VIX options? (with Chen Tong and Tianyi Wang), Journal of Futures Markets, Volume 42, Issue 9, 2022.
Pricing VIX Options with Realized Volatility (with Chen Tong), Journal of Futures Markets, Volume 41, Issue 8, 2021.
VIX Term Structure and VIX Futures Pricing with Realized Volatility (with Chen Tong and Tianyi Wang), Journal of Futures Markets, Volume 39, Issue 1，2019.
Pricing the CBOE VIX Term Structure and VIX Futures with Realized Volatility (with Chen Tong and Tianyi Wang), Journal of Futures Markets, Volume 39, Issue 1, 2019.
Pricing VIX Futures with the Heston-Nandi GARCH Model (with Tianyi Wang, Yiwen Shen, and Yueting Jiang), Journal of Futures Markets, Volume 37, Issue 7, 2017.
Option Pricing with the Realized GARCH Model: An Analytical Approximation Approach (with Tianyi Wang and Peter Reinhard Hansen), Journal of Futures Markets, Volume 37, Issue 4, 2017.
Exponential GARCH Modeling with Realized Measures of Volatility (with Peter Reinhard Hansen), Journal of Business & Economic Statistics, Volume 34, Issue 2, 2016.
Realized GARCH: A Joint Model of Returns and Realized Measures of Volatility (with Peter Reinhard Hansen and Howard Shek), Journal of Applied Econometrics, Vol. 27, No. 6,2012.
MAJOR PUBLICATIONS IN PEER-REVIEWED CHINESE-LANGUAGE JOURNALS
(Here I only list publications in top Chinese journals)
Option Pricing with Overnight High Frequency Information and Jumps (with Fang Liang and Lingshan Du), Journal of Management Science (管理科学学报), Forthcoming.
Market Sentiment, Topic Concentration and Systemic Financial Risk - An Empirical Study Based on Textual Data (with Zihui Yang, Dongcheng Li and Shudai Wang), Journal of Management Science (管理科学学报), Forthcoming.
Research on Influencing Factors and Transmission Channels of Systemic Risks under International Shocks (with Zihui Yang and Yutian Chen), Economic Research Journal (经济研究), 2023(1).
Government Repayment, Liquidity Constraint and Employment Stabilization: Evidence from Inspection Team of the State Council, (with Yongwei Ye, Yunqing Tao and Yuqing Du), Accounting Research(会计研究), 2023(7).
Does Improving the Social Credit Environment Reduce Corporate Fraud? Evidence from the Construction of China's Social Credit System(with Yunqing Yao and Shuai Wang), Financial Research (金融研究), 2023(5).
Fintech, Macroeconomic uncertainty and Bank Risk-taking (with Fang Liang and Pu Zhao), China Economic Quarterly (经济学季刊), Issue 6 2022.
Digital Economy and High Quality Development: Mechanism and Evidence (with Sanxi Li), China Economic Quarterly (经济学季刊), Issue 5, 2022.
Forecasting Macroeconomic Variables in China: Combining Forecasts of Experts and Econometric Models (with Fang Liang and Shihan Shen), Journal of Financial Research (金融研究), Issue 7, 2021.
Textual Data Analysis in Economics and Finance: A Literature Review (with Yun Chen and Yan Shen), China Economic Quarterly (经济学季刊), 2019, Vol. 18(4).
Measuring China’s Financial Uncertainty: A Big Data Approach (with Han Qiu, Yan Shen, and Chen Tong), Financial Research (金融研究), 2018(11).
Development of Digital Finance in China: The Present and the Future (with Yiping Huang), China Economic Quarterly (经济学季刊), 2018(4).
Approximation Error in GCE Expansion in Dynamic Higher Moments Modeling: An Analysis Based on Value-at-Risk Prediction (with Chao Li and Tianyi Wang), Journal of Applied Statistics and Management (数理统计与管理), 2017(5).
Realized GAS-GARCH Model and Value-at-Risk Prediction (with Tianyi Wang), Journal of Management Science (管理科学学报), 2015(5).
Reform of Energy Regime: Efficient Market and Pro-active Government (with Jintao Xu and Zhuo Huang), International Economic Review (国际经济评论), 2014(4).
Modeling High Frequency Data: Realized GARCH Model Based on Fat-tail Distribution (with Tianyi Wang), The Journal of Quantitative and Technical Economics (数量经济技术经济研究), 2012(5).
Volatility Modeling Based on High Frequency Data and Applications in Finance: A Review (with Tianyi Wang), Economic Perspectives (经济学动态), 2012(3).
Spatial Economics in China (with Qi Liang), China Economic Quarterly (经济学季刊), 2012(3).
Frontiers in Corporate Governance Theory: A Literature Survey (with Wei Yao and Lei Guo), Economic Research Journal (经济研究), 2003(5).
BOOKS
Essential Elements of Platform Economy, edited by Yiping Huang and Zhuo Huang, Peking University Press, 2023.
The Digital Financial Revolution in China, edited by David Dollar and Yiping Huang, Brookings Press, 2022. (Zhuo Huang is a member of the Research Group and wrote one chapter)
Platform Economy: Innovation , Governance and Prosperity, edited by Yiping Huang, CITIC Press, 2022. (Zhuo Huang is a memeber of the Research Group and wrote one chapter)
Development of China's Personal Credit Reporting System in the Internet Finance Era, by Zhuo Huang, China Social Science Press 2018.
Digital Finance: Enhancing the Real Economy, by Zhuo Huang and the Research Group at Peking University (Zhuo Huang is the P.I. of the Research Group), China Renmin University Press 2018.
Technology Empowerment: The Business Practice of Digital Finance in China, by Xuanli Xie and the Research Group at Peking University (Zhuo Huang is a member of the Research Group), China Renmin University Press 2018.
Fintech in China: Twelve Lectures on Digital Finance, edited by Zhuo Huang, Haiming Wang, Yan Shen, and Xuanli Xie, China Renmin University Press 2017.
China's Practice of Digital Financial Inclusion, The Research Group at Peking University (Zhuo Huang is a member of the Research Group), China Renmin University Press 2017.
Twelve Lectures on Internet Finance, edited by Yiping Huang, Haiming Wang, Yan Shen and Zhuo Huang, China Renmin University Press 2016.
REFEREE SERVICES
Journal of Econometrics
Journal of Applied Econometrics
Journal of Business & Economic Statistics
Journal of Financial Econometrics
Econometric Review
Journal of International Financial Markets, Institutions & Money
Journal of Multinational Financial Management
International Review of Finance
International Journal of Finance and Economics
European Financial Management
Economics Letters
Economic Modelling
Energy Economics
Energy Policy
Japanese Economic Review
Applied Economics
Empirical Economics
