Choi, Darwin(蔡達銘)

BS Econ, BS Eng (Penn); PhD (Yale University)

Associate Professor


Department of Finance

Room 1256, 12/F
Cheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong

+852 3943 5301


Prof. Darwin Choi is an Associate Professor in the Department of Finance and Associate Director of the Centre for Business Sustainability at The Chinese University of Hong Kong (CUHK). Before joining CUHK in 2016, he was an Assistant Professor of Finance at the Hong Kong University of Science and Technology (HKUST). He received his PhD degree in Finance from Yale University and BS in Economics and BS in Engineering degrees from the University of Pennsylvania. Prof. Choi’s research examines how institutional details and behavioural factors influence professional and individual investors’ capital allocations and asset prices. His recent work focuses on climate finance and other ESG (Environmental, Social, and Governance) issues. Prof. Choi’s papers have been published in the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He has won teaching awards at both CUHK Business School and HKUST Business School.

Teaching Areas


Research Interests

Behavioural Finance
Mutual Funds and Hedge Funds
Climate Finance

  • Awards & Honours
    • CICF Best Paper Award, China International Conference in Finance, 2021
    • Faculty Teaching Excellence Award, CUHK Business School, The Chinese University of Hong Kong, 2018-2019
    • Securities & Futures Institute Best Paper Award, Asian Finance Association International Conference 2012
    • The Franklin Prize for Teaching Excellence, HKUST Business School, 2012