Chan, Kalok

BSSc (CUHK); PhD (Ohio)

Wei Lun Professor of Finance
Dean of CUHK Business School


Department of Finance

15/F, Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7775


Prof. Kalok Chan is the Dean of The Chinese University of Hong Kong (CUHK) Business School and Wei Lun Professor of Finance.

Prof. Chan joined CUHK Business School in November 2014, from his previous role as Chair Professor of Finance and Acting Dean of the Hong Kong University of Science and Technology (HKUST) Business School. Prior to that, he was Head of HKUST’s Finance Department from 2003 to 2013, the Founding Director of the HKUST-NYU Stern Joint Master in Global Finance programme, and had established the Value Partners Centre for Investing. He was Associate Professor of Finance at Arizona State University prior to joining HKUST.

Prof. Chan obtained his BSSc in Economics from CUHK, and PhD in Finance from Ohio State University. As a leading scholar and a prominent researcher, Prof. Chan has had numerous publications in top ranked finance journals, and has been ranked as the top finance researcher in the Asia-Pacific region by the Pacific-Basin Finance Journal, most recently in 2011. His research interests focus on dynamics of asset prices, derivatives, market micro-structure, and international financial markets.

Prof. Chan is active in contributing to the profession. He has been Chairman of the Organising Committee of the HKIB Outstanding Financial Management Planner Awards since 2009. Prof. Chan was also the President of Asian Finance Association from 2008 to 2010, and currently serves as a member of Hang Seng Index Advisory Committee, Hong Kong Housing Authority, EFAC Financial Infrastructure and Market Development Sub-Committee of Hong Kong Monetary Authority, TraHK Supervisory Committee and Advisory Committee of the Securities and Futures Commission.

Teaching Area

Investment and Asset Pricing

Research Interests

Asset Prices Behaviour
Market Microstructure
Market Volatility
International Finance
Emerging Financial Markets

  • Grants
    • Competitive Earmarked Research Grant awarded by Hong Kong Research Grant Council, 1996 (HK$460,000); 1998 (HK$405,000); 2000 (HK$ 453,817); 2002 (HK $562000); 2004 (HK $294,525); 2006 (HK$442,000); 2008 (HK$480,000); 2010 (HK$379,250); 2012 (HK$ 619,000)
    • Postdoctoral Matching Fund awarded by Hong Kong University of Science and Technology, 2000-2002
    • Competitive Research Grant awarded by Pacific-Basin Capital Markets (PACAP) Conference, 1994
    • Summer Research Grant awarded by College of Business, Arizona State University,1994-1995
    • Faculty Grant-in-Aid awarded by Arizona State University, 1994
  • Awards & Honours
    • Top finance researcher in Asia-Pacific Region (Pacific-Basin Finance Journal), 2001 & 2011
    • Hong Kong Society of Financial Analysts (HKSFA) Research Award, 2011
    • Best Paper Award, China International Conference in Finance (CICF), 2008
    • Top finance researcher in Asia-Pacific Region for the 1990-2008 period (according to Pacific-Basin Finance Journal)
    • Winner of the Barclays Global Investors Australia Research Award, Australasian Finance and Banking Conference, 2006
    • Nominated for Smith Breeden’s Prize, Journal of Finance; Listed in Who’s Who in Economics (Third Edition), 2006
    • Outstanding Paper Award, Eastern Finance Association Meetings, 2003
    • Senior Wei Lun Fellow (HKUST), 2000-2003
    • PACAP Best Paper Award, APFA/PACAP/FMA International Finance Conference, 2002
    • Wei Lun Fund Fellowship (HKUST), 1997-1998
    • Pacific-Basin Capital Markets (PACAP) Research Fellow, 1994
    • Ohio State University, Presidential Fellowship, 1989-1990
    • Ohio State University, Outstanding Research Award, 1989
    • Ohio State University, McCoy Scholarship, 1988
  • Academic/Professional Services

    Professional Service

    • Member, Securities and Futures Commission Advisory Committee, 2018-Present
    • EFAC Financial Infrastructure and Market Development Sub-Committee of Hong Kong Monetary Authority, 2017-Present
    • Chairman, Organising Committee, Hong Kong Institute of Bankers; Outstanding Financial Management Planner Awards, 2008-Present
    • Member, TraHK Supervisory Committee, 2014-Present
    • Member, Hospital Authority Investment Committee, 2009-Present
    • Member, Hang Seng Index Service Limited, 2008-Present
    • Member, Tender Committee of Hospital Authority, 2014-Present
    • Member, Finance Committee of Hospital Authority, 2015-Present
    • Member, Banking and Finance Industry Training Board, Vocational Training Council, 2013-2015
    • Member, Asia-Pacific Regional Committee, FTSE, 2001-2014
    • President, Asian Finance Association, 2008-2010
    • Convenor, Working Group on Industry/Academic Partnership, Advisory; Committee on Human Resource Development (Financial Services), Hong Kong, 2006-2009
    • Convenor, Working Group on Professional Development, Advisory Committee on Human Resource Development (Financial Services), Hong Kong, 2009-2011
    • Member, Risk Management Committee, Hong Kong Exchanges and Clearing Limited, 2005-2011
    • Member, Committee on Unit Trusts, Hong Kong Securities and Futures Commission, 2006-2012
    • Member, Committee on Investment-Linked Assurance and Pooled Retirement Funds, Hong Kong Securities and Futures Commission, 2006-2012
    • Member, Academic and Accreditation Advisory Committee, Hong Kong Securities and Futures Commission, 2005-Present
    • Member, Advisory Committee on Human Resource Development (Financial Services), Hong Kong, 2004-2006
    • Panel Member, Hong Kong Research Grants Council, 2004-2009
    • Member, Examination Board, Institute of Financial Planners of Hong Kong, 2003-2007
    • External Reviewer, Licensing Examination for Securities and Futures Intermediaries, 2003
    • Advisor, Hong Kong Association of Investors, 2000-2006
    • Member, Working Group for the Development of Licensing Examinations, Hong Kong Securities Institute, 2002

    Editorial Service

    • Co-editor, Pacific-Basin Finance Journal, 1997-2008
    • Associate Editor, Journal of Applied Finance, 2013-Present
    • Associate Editor, Journal of Financial Perspectives, 2012-Present
    • Associate Editor, Pacific-Basin Finance Journal, 2008-Present
    • Associate Editor, Emerging Market Review, 2007-Present
    • Associate Editor, Journal of Financial Research, 2006-2013
    • Associate Editor, Review of Finance, 2008-2011
    • Associate Editor, Asia-Pacific Journal of Financial Studies, 2007-2010
    • Associate Editor, Finance Letters, 2003-2006
    • Associate Editor, Asia-Pacific Journal of Finance, 1996-1998