Academic Staff Cheng, Joseph Wui-wing

Cheng, Joseph Wui-wing（鄭會榮）

BBA, MBA (Simon Fraser); PhD (Maryland)

Adjunct Associate Professor

Contact

Department of Finance

Room 1201, 12/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 7805

jcheng@cuhk.edu.hk

Biography

Professor Joseph W Cheng received a PhD in finance from the University of Maryland in 1993 and joined the Chinese University of Hong Kong (CUHK) in the same year.  During his tenure at CUHK, he held the position of Chairman of the Department of Finance for 10 years (from January 2011 to December 2020) as well as the Head of the Graduate Division of Business Administration. He has also served as the Director of the full-time MSc in Finance Programme, the Co-Chair of the Faculty of Business Administration Disciplinary Committee, member of the Graduate School Disciplinary Committee and serving on the Panel of Judges, Senate Committee on Student Discipline. Professor Cheng has won numerous teaching awards including the Faculty of Business Administration Teaching Award and the Outstanding Teacher Award.

Professor Cheng’s main research interests include asset pricing, options and futures, market micro-structure, market efficiency and behavioral finance. He has published research works in leading finance journals including the Journal of Finance, the Journal of Banking and Finance and the Journal of Empirical Finance. He also frequently reviews academic papers for numerous finance journals, conferences and the RGC.

Professor Cheng serves the community as well as the university and Shaw College in various capacities, including member of the Academic and Accreditation Advisory Committee of the Securities and Futures Commission; member of the Research Grant Committee, Investor Education Centre (a subsidiary of Securities and Futures Commission, HKSAR); member of the Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications; external examiner, OUHK. He has also served with the Advisory Committee on Human Resources Development in the Financial Services Sector, Financial Services and the Treasury Bureau, HKSAR; ExCo Member, Asia Pacific Structured Finance Association; College Coordinator (IFAA, IBBA, BBA-JD Programmes), Fellows and Trustees of Shaw College at CUHK.

Teaching Areas

Financial Management
Investment Analysis
Portfolio Management

Research Interests

Portfolio Theory
Dividend Policy
Asset Pricing
Options and Futures
Market Microstructure

  • Grants
    • “The Relation between Price Changes and Trading Volume: A Market Level Analysis (價格變動與成交量的關係︰一個巿場層面的分析)”, Earmarked Grants awarded by Research Grants Council, 2001-2004
    • “Examining the Implications of Portfolio Theory for Trading Volume: A Latent Variable Approach (探討投資組合理論對成交量的含義︰一個潛在變數的方法)”, Earmarked Grants awarded by Research Grants Council, 2000-2003
    • “Transaction Costs And The Cross-Autocorrelations In Stock Returns”, Earmarked Grants awarded by Research Grants Council, 2001-2002
    • “Sources and Consequences of International Equity Market Correlation”, Earmarked Grants awarded by Research Grants Council, 1996-1998
  • Awards & Honours
    • Faculty Outstanding Teaching Award, CUHK Business School, The Chinese University of Hong Kong, 2003-2004
    • Teaching Awards, CUHK Business School, The Chinese University of Hong Kong, 2000-Present
  • Academic/Professional Services

    Selected External Service

    • Research Grant Committee, Investor Education Centre, Securities and Futures Commission, HKSAR, 2015-Present
    • ExCo Member, Asia Pacific Structured Finance Association, 2015-Present
    • Advisory Committee on Human Resources Development in the Financial Services Sector, Financial Services and the Treasury Bureau, HKSAR, 2009-2013
    • Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications: Revalidation exercise for the BBA (Hons) and BComm (Hons) in Accounting and Banking Programmes of the Chu Hai College of Higher Education, 2009
    • Sector/Subject Specialist, Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ), 2008-Present
    • External Examiner, The Open University of Hong Kong, 2002-Present
    • Validation Panel, Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAA/HKCAAVQ), 2002-Present
    • Reviewer, Earmarked Research Grant Proposals, Research Grant Council, HKSAR, 2000-2023

    Service to University and College

    • Board of Trustees, Shaw College, 2010-2023
    • Assembly of Fellows, Shaw College, 2010-2023
    • Member, Focused Innovations Scheme– Scheme A, Management Committee on Economics and Finance, 2013-2015
    • Member, Scholarship Committee, Shaw College, 2012-2023
    • Member, Focused Investments Scheme – Scheme A, Steering Committee on Economics and Finance, 2011-2013
    • Member, Graduate School Disciplinary Committee, 2005-2023

    Service to Faculty

    • Co-Chair, BA Faculty Disciplinary Committee, 2020-2023
    • Head, Graduate Division of Business Administration, 2016-2018
    • Director of Graduate Studies in Business, 2016-2018
    • Chairman, Faculty Committee on Postgraduate Academics Advising, 2016-2018
    • Chairman, Committee on Taught Postgraduate Programmes, 2016-2018
    • Member, Advisory Committee for the School of Management and Economics of the Chinese University of Hong Kong (Shenzhen), 2015-2020
    • Member, Faculty Committee on Teaching and Learning Quality (FCTLQ), 2010-2023
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