• Xu Jiangang

    Professor

    Finance

    Add: Guoshun Road Siyuan Building Room 218, Siyuan Building

    Tel: 25011077(TEL)

    E-mail: jgxu@fudan.edu.cn

    Research Field: Financial Econometrics, International Finance, Financial Engineering, Economics of Exchange Rate

    Website:

    Teacher information
    Achievements in scientific research
    Academic activities and community service

    Journal Papers


    1.Yunxin Liu, Yuqiang Cao, Meiting Lu, Yaowen Shan, and Jiangang Xu2024Automating efficiency: The impact of industrial robots on labor investment in ChinaEconomic Modelling 140 1-19.  



    2.XU Jiangang1999Modeling Shanghai Stock Market VolatilityAnnals of Operations Research (87) 141-152.  



    3.TANG Guoxing, XU Jiangang2001On Chinese Yuan's Transition to Free Floating Exchange Rate RegimeRegional Economic and Management Studies (2) 1-34.  



    4.Zhe Zhang, Jing Yan, Jiangang Xu, Xudong Shen, and Hongju Pan2023Value evaluation model and application case for IoT ecosystem businessR&D Management 35(6) 184-194(in Chinese) 



    5.Tianming Ge, Zhiguo Li, and Jiangang Xu2019An analysis on the counter-cyclical factorStudies of International Finance (5) 65-75(in Chinese) 



    6.Kun Yu, Zhiguo Li, Xiaorong Zhang, and Jiangang Xu2014Investment efficiency puzzle: Financial constraint hypothesis and monetary policy shockEconomic Research Journal (5) 106-120(in Chinese) 



    7.Ma, Jun, Xiaorong Zhang, Zhiguo Li, Mingzhi Xiao, Jiangang Xu, and Dong He2012Managing the medium-and-long-term risks in China’s assets and liabilitiesCaijing Magazine (15) 72-81(in Chinese) 



    8.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Capital Formation and Monetary Expansion: Explanation of Economic Growth in ChinaChina University Academic Abstracts vol.27(4) 172-173(in Chinese) 



    9.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Captial Formation and Monetary Expansion: Explanation of Economic Growth in ChinaJournal of Fiannce and Economics vol.36(6) 36-45、68(in Chinese) 



    10.Xiaorong Zhang, Jiangang Xu, Zhiguo Li2010Risks in China's Holding of US Financial AssetsWorld Economy Study (5) 21-26(in Chinese) 



    11.Jiangang Xu, Yi Wu, Xiaorong Zhang2009RMB/USD Forward Exchange Risk Premium: an Empirical ResearchJournal of Fudan University (Natural Science) Vol.48(6) 693-699(in Chinese) 



    12.XU Jiangang, ZHANG Xiaorong, SONG Peng2009Time-Varying Beta Asset Pricing Model: a Test Based on Individual StocksJournal Of Fudan University(Natural Science Edition) Vol.48(2) 260-270,276(in Chinese) 



    13.Wen Li, Jiangang Xu2008Export Competitiveness: Dynamic Shift-share AnalysisStatistics and Decision (3) 153-155(in Chinese) 



    14.XU Jiangang, ZHANG Xiaorong, LI Zhiguo2007Mixed Data Sampling Volatility Modelthe Journal of Quantitative& Technical Economics vol.24(11) 77-85(in Chinese) 



    15.XU Jiangang, LI Zhiguo and ZHANG Xiaorong2007The Dynamic Relationships of Renminbi NDF and The Spot Exchange RateJournal of Finance and Economics 33(9) 61-68(in Chinese) 



    16.ZHANG Xiaorong, LI Zhiguo and XU Jiangang2007The Permanent Memory Process of Chinese InflationShanghai Economic Research (5) 3-9(in Chinese) 



    17.WANG Chengbin and XU Jiangang2007An Asymmetrical Game Analysis of Corporate Political ActivityJournal of Fudan University(Natural Science) vol.46(2) 251-255(in Chinese) 



    18.Xu Jiangang, Shao Hua, Tang Guoxing2007The RMB Exchange Rate Regime with Reference to A Basket of Currencies: Empirical EvidenceJournal of Shanghai University of Finance and Economics vol.9(1) 66-72(in Chinese) 



    19.Tang Guoxing, Xu Jiangang2006Effects of Foreign Capital Introduction on the Money Velocity in ChinaThe Journal of Quantitative & Technical Economics (10) 91-100,129(in Chinese) 



    20.XU Jiangang, QIU Xiaofeng and ZHANG Xiaorong2006Index Revision, Index Fund and Price PressureChina Journal of Finance (10) 36-53(in Chinese) 



    21.ZENG Lifei, LI Zhiguo and XU Jiangang2006Monetary Velocity Model Under the Financial Institution Asset StructureWorld Economy (8) 79-87(in Chinese) 



    22.XU Jiangang, PENG Song and LI Zhiguo2006Oil Price Shocks and MacroeconomicsShanghai Management Science Vol.28(3) 6-9(in Chinese) 



    23.ZHANG Xiaorong, XU Jiangang2006VaR, ES and Coherent Risk MeasureShanghai Management Science (4) 78-80(in Chinese) 



    24.Xu Jiangang, Tang Guoxing2006Volatility, trading volume, market depth: Evidence from copper futures in Shanghai futures exchangeJournal of Management Sciences in China vol.9(2) 69-75(in Chinese) 



    25.LI Zhiguo, XU Jiangang and PENG Song2005The Effects of Oil Price shocksResearch and Development Management 17 74-80(in Chinese) 



    26.Zhang Xiaorong, Tang Guoxing, Xu Jiangang2005Complex Rational Positive Feedback Model in Speculative BubbleJournal of Financial Research (8) 85-98(in Chinese) 



    27.ZHANG Xiaorong, XU Jiangang2005Empirical Test on Rational Speculative Bubbles on Yen Exchange RatesJournal of Fudan University(Natural Science) vol.44(2) 240-245(in Chinese) 



    28.SHANG Yaowen, XU Jiangang2004On Stock Selectivity of Chinese Close-end FundSystems Engineering vol.22(5) 66-69(in Chinese) 



    29.SHI Lei, XU Jiangang2004The Study on Time Varying Beta of Chinese Stock MarketShanghai Management Science (4) 37-39(in Chinese) 



    30.Zhang Xiaorong, Xu Jiangang2003Empirical Test on Rational Speculative Bubbles in Shanghai and Shenzhen Stock Exchange, Shanghai Management ScienceShanghai Management Science (6) 31-33(in Chinese) 



    31.XU Jiangang, SHAN Yaowen2003Structural Changes in Volatility of Chinese Stock Market: Date, Implications and CausationChina Journal of Finance vol.1(3) 160-191(in Chinese) 



    32.HUANG Hua, BAI Yanhong, XU Jiangang2003The Empirical Study of the Exchange Rate Regime and the Monetary Independence in the Open Capital Markets: about Asian Countries and RegionsForecasting vol.22(3) 17-20(in Chinese) 



    33.XU Jiangang, TANG Guoxing2003Hidden Cointegration Analysis of Short-term and Long-term Interest RatesJournal of Fudan University(Natural Science) vol.42(5) 779-786(in Chinese) 



    34.ZHANG Tao, XU Jiangang, TANG Guoxing2002Nonlinear Mean Reversion of Purchase Power Parity DeviationsJournal of Systems Engineering vol.17(6) 566-569(in Chinese) 



    35.XU Jiangang, TANG Guoxing2001Panel Unit Roots Test of PPPJournal of Fudan University(Natural Science) vol.40(6) 659-664(in Chinese) 



    36.XU Jiangang, TANG Guoxing1999The Effective Index of Exchange Rate and Its ApplicationsJournal of Quantitative & Technical Economics (11) 61-63(in Chinese) 



    37.Xu Jiangang, Tang Guoxing1998The News Model of Exchange Rate DeterminationThe Journal of Quantitative & Technical Economics (11) 53-58(in Chinese) 



    38.TANG Guoxing, XU Jiangang1998Interest Rate Risk Management of Foreign CapitalChina Securities and Futures Magazine (6) 36-39(in Chinese) 



    39.XU Jiangang1997Statistical Properties of Futures Return Times SeriesStatistical Research (3) 70-72(in Chinese) 



    40.XU Jiangang, CHEN Weiren1996Statistical Properties of Futures return times seriesForeign Economies and Management 增刊 50-54(in Chinese) 



    41.XU Jiangang1995Conditional Heteroskedasticity and Weekend Effect in Shanghai and Shenzhen Stock Returns Time SeriesStatistical Research (6) 74-78(in Chinese) 



    42.XU Jiangang, TANG Guoxing1995GARCH-M Model of Stock Returns and Volatility in ChinaJournal of Quantitative & Technical Economics (12) 28-32(in Chinese) 


    Conference Proceedings


    1.Zhang, Xiaorong, Jiangang Xu and Zhiguo Li2011Financial stability and interest rate adjustment in asset price boom-bust cycles211 International Conference on Electronics, Communications and Control Ningbo 3453-3460.  



    2.Jiangang Xu, Xiaorong Zhang, Zhiguo Li, Guoxing Tang2009China's Holdings of U.S. Assets: Size and StructureProceedings of The Second China Private Economy Innovation International Forum Taizhou, China 721-727.  



    3.XU Jiangang, LI Zhiguo, ZHANG Xiaorong and TANG Guoxing2007Net Foreign Assets in ChinaThe American Scholars Press  278-288.  



    4.Jiangang Xu, Lie Pan, Guozu Fan2000The Short-term Analysis of the China IPO Price BehaviorSocial Sciences Academic Press  106-122(in Chinese) 



    5.Dezong Han, Jiangang Xu1996The Influence of Petroleum price's Shock on China EconomyThe Second Session Conference of China Securities Market Development and the Comparison between Chinese and Foreign Securities Market  239-243(in Chinese) 


    Academic Works

    MA, Jun and Jiangang Xu etc.2012The road to RMB internalization: Developing the offshore markets and opening the capital accountChina Economic Publishing HouseBeijing

    TANG Guoxing, XU Jiangang2003Modern Exchange Rate Theories and ModelsChinese Finance PressBeijing

    Papers in Books

    Jiangang Xu, Yi Wu.The Relationship between Onshore and Offshore RMB Derevative Market.In .RMB Foreign Derevative Market: Approach and Strategy.北京,2009

    Xu, Jiangang, Peng Song, and Zhiguo Li.The Influence of Petroleum Price's Shock on China Economy.In .Quantitative Economics in the 21st Century.,2006

    Chapters in Books

    Jiangang Xu, 2012. Analysis of China’s International Investment Position. In: Ma, Jun, Xiaorong Zhang, and Zhiguo Li etc. (Eds.), A Study of China's National Balance Sheet. Social Sciences Academic Press, China, pp. 294-329

    Teaching Materials, etc.

    XU Jiangang2008Econometrics of Chinese Financial MarketsShanghai University of Finance and Economics PressShanghai, China(in Chinese)

    Research Projects

    2008.09—2010.12Principal InvestigatorChinese Foreign Asset Liability and Economic Adjustment against the Background of Financial GlobalizationShanghai Philosophy and Social Science

    2007.06—2008.08Principal InvestigatorThe Study on Relationship of Onshore and Offshore RMB Derivative MarketNational Natural Science Foundation of China


    Journal Papers


    1.Yunxin Liu, Yuqiang Cao, Meiting Lu, Yaowen Shan, and Jiangang Xu2024Automating efficiency: The impact of industrial robots on labor investment in ChinaEconomic Modelling 140 1-19.  



    2.XU Jiangang1999Modeling Shanghai Stock Market VolatilityAnnals of Operations Research (87) 141-152.  



    3.TANG Guoxing, XU Jiangang2001On Chinese Yuan's Transition to Free Floating Exchange Rate RegimeRegional Economic and Management Studies (2) 1-34.  



    4.Zhe Zhang, Jing Yan, Jiangang Xu, Xudong Shen, and Hongju Pan2023Value evaluation model and application case for IoT ecosystem businessR&D Management 35(6) 184-194(in Chinese) 



    5.Tianming Ge, Zhiguo Li, and Jiangang Xu2019An analysis on the counter-cyclical factorStudies of International Finance (5) 65-75(in Chinese) 



    6.Kun Yu, Zhiguo Li, Xiaorong Zhang, and Jiangang Xu2014Investment efficiency puzzle: Financial constraint hypothesis and monetary policy shockEconomic Research Journal (5) 106-120(in Chinese) 



    7.Ma, Jun, Xiaorong Zhang, Zhiguo Li, Mingzhi Xiao, Jiangang Xu, and Dong He2012Managing the medium-and-long-term risks in China’s assets and liabilitiesCaijing Magazine (15) 72-81(in Chinese) 



    8.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Capital Formation and Monetary Expansion: Explanation of Economic Growth in ChinaChina University Academic Abstracts vol.27(4) 172-173(in Chinese) 



    9.Zhiguo Li, Xiaorong Zhang, Jiangang Xu2010The Interactive Relation between Captial Formation and Monetary Expansion: Explanation of Economic Growth in ChinaJournal of Fiannce and Economics vol.36(6) 36-45、68(in Chinese) 



    10.Xiaorong Zhang, Jiangang Xu, Zhiguo Li2010Risks in China's Holding of US Financial AssetsWorld Economy Study (5) 21-26(in Chinese) 



    11.Jiangang Xu, Yi Wu, Xiaorong Zhang2009RMB/USD Forward Exchange Risk Premium: an Empirical ResearchJournal of Fudan University (Natural Science) Vol.48(6) 693-699(in Chinese) 



    12.XU Jiangang, ZHANG Xiaorong, SONG Peng2009Time-Varying Beta Asset Pricing Model: a Test Based on Individual StocksJournal Of Fudan University(Natural Science Edition) Vol.48(2) 260-270,276(in Chinese) 



    13.Wen Li, Jiangang Xu2008Export Competitiveness: Dynamic Shift-share AnalysisStatistics and Decision (3) 153-155(in Chinese) 



    14.XU Jiangang, ZHANG Xiaorong, LI Zhiguo2007Mixed Data Sampling Volatility Modelthe Journal of Quantitative& Technical Economics vol.24(11) 77-85(in Chinese) 



    15.XU Jiangang, LI Zhiguo and ZHANG Xiaorong2007The Dynamic Relationships of Renminbi NDF and The Spot Exchange RateJournal of Finance and Economics 33(9) 61-68(in Chinese) 



    16.ZHANG Xiaorong, LI Zhiguo and XU Jiangang2007The Permanent Memory Process of Chinese InflationShanghai Economic Research (5) 3-9(in Chinese) 



    17.WANG Chengbin and XU Jiangang2007An Asymmetrical Game Analysis of Corporate Political ActivityJournal of Fudan University(Natural Science) vol.46(2) 251-255(in Chinese) 



    18.Xu Jiangang, Shao Hua, Tang Guoxing2007The RMB Exchange Rate Regime with Reference to A Basket of Currencies: Empirical EvidenceJournal of Shanghai University of Finance and Economics vol.9(1) 66-72(in Chinese) 



    19.Tang Guoxing, Xu Jiangang2006Effects of Foreign Capital Introduction on the Money Velocity in ChinaThe Journal of Quantitative & Technical Economics (10) 91-100,129(in Chinese) 



    20.XU Jiangang, QIU Xiaofeng and ZHANG Xiaorong2006Index Revision, Index Fund and Price PressureChina Journal of Finance (10) 36-53(in Chinese) 



    21.ZENG Lifei, LI Zhiguo and XU Jiangang2006Monetary Velocity Model Under the Financial Institution Asset StructureWorld Economy (8) 79-87(in Chinese) 



    22.XU Jiangang, PENG Song and LI Zhiguo2006Oil Price Shocks and MacroeconomicsShanghai Management Science Vol.28(3) 6-9(in Chinese) 



    23.ZHANG Xiaorong, XU Jiangang2006VaR, ES and Coherent Risk MeasureShanghai Management Science (4) 78-80(in Chinese) 



    24.Xu Jiangang, Tang Guoxing2006Volatility, trading volume, market depth: Evidence from copper futures in Shanghai futures exchangeJournal of Management Sciences in China vol.9(2) 69-75(in Chinese) 



    25.LI Zhiguo, XU Jiangang and PENG Song2005The Effects of Oil Price shocksResearch and Development Management 17 74-80(in Chinese) 



    26.Zhang Xiaorong, Tang Guoxing, Xu Jiangang2005Complex Rational Positive Feedback Model in Speculative BubbleJournal of Financial Research (8) 85-98(in Chinese) 



    27.ZHANG Xiaorong, XU Jiangang2005Empirical Test on Rational Speculative Bubbles on Yen Exchange RatesJournal of Fudan University(Natural Science) vol.44(2) 240-245(in Chinese) 



    28.SHANG Yaowen, XU Jiangang2004On Stock Selectivity of Chinese Close-end FundSystems Engineering vol.22(5) 66-69(in Chinese) 



    29.SHI Lei, XU Jiangang2004The Study on Time Varying Beta of Chinese Stock MarketShanghai Management Science (4) 37-39(in Chinese) 



    30.Zhang Xiaorong, Xu Jiangang2003Empirical Test on Rational Speculative Bubbles in Shanghai and Shenzhen Stock Exchange, Shanghai Management ScienceShanghai Management Science (6) 31-33(in Chinese) 



    31.XU Jiangang, SHAN Yaowen2003Structural Changes in Volatility of Chinese Stock Market: Date, Implications and CausationChina Journal of Finance vol.1(3) 160-191(in Chinese) 



    32.HUANG Hua, BAI Yanhong, XU Jiangang2003The Empirical Study of the Exchange Rate Regime and the Monetary Independence in the Open Capital Markets: about Asian Countries and RegionsForecasting vol.22(3) 17-20(in Chinese) 



    33.XU Jiangang, TANG Guoxing2003Hidden Cointegration Analysis of Short-term and Long-term Interest RatesJournal of Fudan University(Natural Science) vol.42(5) 779-786(in Chinese) 



    34.ZHANG Tao, XU Jiangang, TANG Guoxing2002Nonlinear Mean Reversion of Purchase Power Parity DeviationsJournal of Systems Engineering vol.17(6) 566-569(in Chinese) 



    35.XU Jiangang, TANG Guoxing2001Panel Unit Roots Test of PPPJournal of Fudan University(Natural Science) vol.40(6) 659-664(in Chinese) 



    36.XU Jiangang, TANG Guoxing1999The Effective Index of Exchange Rate and Its ApplicationsJournal of Quantitative & Technical Economics (11) 61-63(in Chinese) 



    37.Xu Jiangang, Tang Guoxing1998The News Model of Exchange Rate DeterminationThe Journal of Quantitative & Technical Economics (11) 53-58(in Chinese) 



    38.TANG Guoxing, XU Jiangang1998Interest Rate Risk Management of Foreign CapitalChina Securities and Futures Magazine (6) 36-39(in Chinese) 



    39.XU Jiangang1997Statistical Properties of Futures Return Times SeriesStatistical Research (3) 70-72(in Chinese) 



    40.XU Jiangang, CHEN Weiren1996Statistical Properties of Futures return times seriesForeign Economies and Management 增刊 50-54(in Chinese) 



    41.XU Jiangang1995Conditional Heteroskedasticity and Weekend Effect in Shanghai and Shenzhen Stock Returns Time SeriesStatistical Research (6) 74-78(in Chinese) 



    42.XU Jiangang, TANG Guoxing1995GARCH-M Model of Stock Returns and Volatility in ChinaJournal of Quantitative & Technical Economics (12) 28-32(in Chinese) 


    Conference Proceedings


    1.Zhang, Xiaorong, Jiangang Xu and Zhiguo Li2011Financial stability and interest rate adjustment in asset price boom-bust cycles211 International Conference on Electronics, Communications and Control Ningbo 3453-3460.  



    2.Jiangang Xu, Xiaorong Zhang, Zhiguo Li, Guoxing Tang2009China's Holdings of U.S. Assets: Size and StructureProceedings of The Second China Private Economy Innovation International Forum Taizhou, China 721-727.  



    3.XU Jiangang, LI Zhiguo, ZHANG Xiaorong and TANG Guoxing2007Net Foreign Assets in ChinaThe American Scholars Press  278-288.  



    4.Jiangang Xu, Lie Pan, Guozu Fan2000The Short-term Analysis of the China IPO Price BehaviorSocial Sciences Academic Press  106-122(in Chinese) 



    5.Dezong Han, Jiangang Xu1996The Influence of Petroleum price's Shock on China EconomyThe Second Session Conference of China Securities Market Development and the Comparison between Chinese and Foreign Securities Market  239-243(in Chinese) 


    Academic Works

    MA, Jun and Jiangang Xu etc.2012The road to RMB internalization: Developing the offshore markets and opening the capital accountChina Economic Publishing HouseBeijing

    TANG Guoxing, XU Jiangang2003Modern Exchange Rate Theories and ModelsChinese Finance PressBeijing

    Papers in Books

    Jiangang Xu, Yi Wu.The Relationship between Onshore and Offshore RMB Derevative Market.In .RMB Foreign Derevative Market: Approach and Strategy.北京,2009

    Xu, Jiangang, Peng Song, and Zhiguo Li.The Influence of Petroleum Price's Shock on China Economy.In .Quantitative Economics in the 21st Century.,2006

    Chapters in Books

    Jiangang Xu, 2012. Analysis of China’s International Investment Position. In: Ma, Jun, Xiaorong Zhang, and Zhiguo Li etc. (Eds.), A Study of China's National Balance Sheet. Social Sciences Academic Press, China, pp. 294-329

    Teaching Materials, etc.

    XU Jiangang2008Econometrics of Chinese Financial MarketsShanghai University of Finance and Economics PressShanghai, China(in Chinese)

    Research Projects

    2008.09—2010.12Principal InvestigatorChinese Foreign Asset Liability and Economic Adjustment against the Background of Financial GlobalizationShanghai Philosophy and Social Science

    2007.06—2008.08Principal InvestigatorThe Study on Relationship of Onshore and Offshore RMB Derivative MarketNational Natural Science Foundation of China


    Academic Posts

    2012.08—,Expert Reviewer,Natural Science Foundation of Zhejiang Province

    2010.01—,Peer Reviewer,The Scientific Research Foundation for Returned Overseas Chinese Scholars of State Education Ministry

    2009.01—,Executive Director,The Sixth Session Board of Directors, Shanghai Association of Quantitative Economics

    2006.01—,Member,Chinese Econometrics Association

    Enterprise Positions

    2021.11—Industrial Fund Management Co., Ltd.,Independent Director