Shanghai Advanced Institute of Finance (SAIF)

^#1

in Asia for 3 consecutive times
by the Financial Times
Masters in Finance Ranking
_Top 100

2025 QS World University
Subject Rankings in 4 disciplines
15

research centers and labs at
the China Academy of Financial Research
30⁺

international partners for
global study experiences

RESEARCH

Francisco Gomes, Cameron Peng, Oksana Smirnova and Ning Zhu. (2025). Reaching for yield: Evidence from households. Journal of Financial Economics, 168, No. 104057.

Billet, Mathew, Mark (Shuai) Ma, and Xiaoyun Yu. (2024). Torpedo Your Competition: Strategic Reporting and Peer Firm IPO. The Accounting Review, 99(6), 51-73.

He, L., Whited, T. M., & Guo, R. (2025). Relative Performance Evaluation and Strategic Competition. Review of Financial Studies. Advance online publication.

Nan Jia, Rongrong Xie, Yongxiang Wang and Nianhang Xu,. 2025. Spreading the Style: The Effect of Firm Leaders' Early Life Experiences on Employees' Behavior and Performance, Management Science.

Hong, Claire Yurong, Xiaomeng Lu, and Jun Pan. (2024). Fintech Platforms and Mutual Fund Distribution. Management Science, Published Online.

Chen, Kedong, Hung‐Chung Su, Kevin Linderman, and William Li. (2024). Last‐minute coordination: Adapting to demand to support last‐mile operations. Journal of Operations Management, Accepted.

Geng, Zhe, and Jun Pan. (2024). The SOE Premium and Government Support in China’s Credit Market. Journal of Finance, 79(5), 3041–3103.

Financial Inclusion via FinTech: From Digital Payments to Platform Investments

Management Science, 2025

HONG, Yurong Associate Professor of Finance

PAN, Jun Professor of Finance
SAIF Chair Professor

Reaching for yield: Evidence from households

Journal of Financial Economics, 2025

ZHU, Ning Professor of Finance

Torpedo Your Competition: Strategic Reporting and Peer Firm IPO

The Accounting Review, 2024

YU, Xiaoyun Chair Professor of Finance
Deputy Dean

Relative Performance Evaluation and Strategic Competition

Review of Financial Studies, 2025

GUO, Ran Assistant Professor of Finance

Spreading the Style: The Effect of Firm Leaders' Early Life Experiences on Employees' Behavior and Performance

Management Science, 2025

WANG, Yongxiang Chair Professor of Finance
Deputy Dean
Ph.D. Program Faculty Director

Fintech Platforms and Mutual Fund Distribution

Management Science, 2024

HONG, Yurong Associate Professor of Finance

PAN, Jun Professor of Finance
SAIF Chair Professor

Last-minute coordination: Adapting to demand to support last-mile operations

Journal of Operations Management, 2024

LI, William Chair Professor of Management

The SOE Premium and Government Support in China

Journal of Finance, 2024

PAN, Jun Professor of Finance
SAIF Chair Professor

NEWS

SAIF CSI Releases Shanghai Foreign-Related Enterprises ESG Report

At a thematic session of the 2025 CIIE Shanghai Events and Conferences, held during the 6th China International Import Expo, the SAIF Center for Sustainable Investment (SAIF CSI) released the Shanghai Foreign-Related Enterprises ESG Development Report.

March 27, 2026 MORE →

Professor David Li Publishes Chinese Translation of Blockchain Classic

The book systematically explains the underlying technologies, core logic, and financial applications of blockchain and distributed ledgers, offering a rigorous and accessible framework for understanding the transformations at the intersection of technolog

March 27, 2026 MORE →

SAIF Shanghai International M&A Research Center Inaugurated

Hosted by SAIF and organized by the Center, the event unveiled the yearbook’s compilation and brought together industry leaders to explore pathways for high-quality development in the M&A market.

March 27, 2026 MORE →

SAIF Hosts Annual China Real Estate Financial Forum Focused on Market Restructuring

The Shanghai Advanced Institute of Finance convened the eighth China Real Estate Financeial Forum on January 23, gathering industry leaders to examine the sector's transformation from expansion-driven growth to asset optimization. Under the theme "Integra

February 02, 2026

Professor William Li Publishes Study on E-Commerce Warehouse Coordination

Research examining how e-commerce warehouses adapt to demand fluctuations has been published in the Journal of Operations Management. The study, authored by Professor William Li, SAIF Chair Professor of Management, and his collaborators Kedong Chen, Hung‐

February 02, 2026

SAIF Professor's Leadership Research Accepted by Management Science

A study examining how leaders' formative experiences shape organizational culture has been accepted for publication in Management Science. The paper, co-authored by Professor Yongxiang Wang, Chair Professor of Finance and Deputy Dean at the Shanghai Advan

February 01, 2026

SHANGHAI

BEIJING

SHENZHEN

Xuhui Campus

211 West Huaihai Road

Shanghai 200030, China

Tel: +86 21 6293 3500

Greater Hongqiao Center

9th Floor, Building T6, Hongqiao Hui

990 Shenchang Road

Shanghai 201106, China

5th Floor, West Tower, World Financial Centre

1 Dong San Huan Middle Road

Chaoyang District, Beijing 100020, China

Tel: +86 10 5081 5880

1203 Tower 7, One Shenzhen Bay

Nanshan District, Shenzhen 518000, China

Tel: +86 755 8663 8815

Top

RESEARCH

(Claire) Yurong Hong, Xiaomeng Lu and Jun Pan. (2025). Financial Inclusion via FinTech: From Digital Payments to Platform Investments. Management Science, Accepted.

Francisco Gomes, Cameron Peng, Oksana Smirnova and Ning Zhu. (2025). Reaching for yield: Evidence from households. Journal of Financial Economics, 168, No. 104057.

Billet, Mathew, Mark (Shuai) Ma, and Xiaoyun Yu. (2024). Torpedo Your Competition: Strategic Reporting and Peer Firm IPO. The Accounting Review, 99(6), 51-73.

He, L., Whited, T. M., & Guo, R. (2025). Relative Performance Evaluation and Strategic Competition. Review of Financial Studies. Advance online publication.

Nan Jia, Rongrong Xie, Yongxiang Wang and Nianhang Xu,. 2025. Spreading the Style: The Effect of Firm Leaders' Early Life Experiences on Employees' Behavior and Performance, Management Science.

Hong, Claire Yurong, Xiaomeng Lu, and Jun Pan. (2024). Fintech Platforms and Mutual Fund Distribution. Management Science, Published Online.

Chen, Kedong, Hung‐Chung Su, Kevin Linderman, and William Li. (2024). Last‐minute coordination: Adapting to demand to support last‐mile operations. Journal of Operations Management, Accepted.

Geng, Zhe, and Jun Pan. (2024). The SOE Premium and Government Support in China’s Credit Market. Journal of Finance, 79(5), 3041–3103.

NEWS

SAIF CSI Releases Shanghai Foreign-Related Enterprises ESG Report

Professor David Li Publishes Chinese Translation of Blockchain Classic

SAIF Shanghai International M&A Research Center Inaugurated

SAIF Hosts Annual China Real Estate Financial Forum Focused on Market Restructuring

Professor William Li Publishes Study on E-Commerce Warehouse Coordination

SAIF Professor's Leadership Research Accepted by Management Science

Xuhui Campus

Greater Hongqiao Center