LU Ting

  Institute of World Economics and Politics,
  China Academy of Social Science
  5 Jianguomennei Street, East District
  Beijing, P. R. China
  (86)10-8519-5778
  luting@cass.org.cn




EDUCATION
2010    Ph.D., Finance, Sun Yat-sen University, P. R. China
2007    M.Eng., Environmental and Ocean Engineering, The University of Tokyo, Japan
2005    B.Sc., Mathematics and Applied Mathematics, Sun Yat-sen University, P. R. China

EMPLOYMENT
2014.1 – present   Research Fellow, Institute of World Economics and Politics, China Academy of Social Science
2012.11 – 2013.12   Senior Research Assistant, Beijing Institute of Securities and Futures
2012.6 – 2012.10   Assistant Manager, KPMG Global China Practice, KPMG
2010.7 – 2012.6   Research Fellow, Research Bureau, The People’s Bank of China

RESEARCH INTERESTS
International Finance; Macroeconomics; Asset Pricing

AWARDS
2011    “Systematic Mispricing and Post-earnings Announcement Drift: Evidence from China” is the winning paper of The Chinese Finance Association Award for the Best Paper on Chinese Financial Markets
2011    “Multi-equilibria Selection and Macro-prudential: A Micro-foundation Based on Incomplete Market Theory” is the third prize research report of PBC annual research awards of the People’s Bank of China.
2010      “China’s Financial Sector Outlook during the 12th Five Year Plan Period: Structure Optimization and the Trends of Financial Markets Development” is the third prize research report of PBC annual research awards of the People’s Bank of China.

PUBLICATIONS
Journal Articles
Lu, T., (2012) ‘Systematic Mispricing and Post-earnings Announcement Drift: Evidence from China’, Journal of Financial Research, 381:139-151.
Kong D., S. Liu, and T. Lu, (2012) ‘Institutional Investors, Earnings Quality and Asset Liquidity: Evidence from Chinese Stock Market’, Frontiers of Business Research in China, 6(3):169-185.
Dai, J., T. Lu, W. Yang and D. Kong, (2012) ‘The synchronicity of stock prices and information efficiency’, Chinese Review of Financial Studies, 13:82-92.
Lu, T., (2010) ‘Risk or Mispricing? A Study on the Cause of Value Effect under the Perspective of Firm Investment’, Chinese Review of Financial Studies, 5:37-45.
Lu, J., and T. Lu, (2010) ‘Multiple Equilibria Models in Financial Fragility Studies’, Journal of Sun Yat-sen University (Social Science Edition), 50: 203-208.

Research Reports
Wang, H., D. Feng and T. Lu, (2013) ‘Quitting QE: The Potential Impacts to China’, CSRC Internal Files.
Lu, T., (2013) ‘Changing Expectations towards QE Policies: the Shocking Wave’, CSRC Internal Files.
Lu, T., (2013) ‘The Implication and Influences of Japan’s Unlimited QE’, CSRC Internal Files.
Lu, T., (2013) ‘The Framework of OTC Derivatives Regulation and the Conflicts between EU and US’, IOSCO Report Series, 6th issue.
Lu, T., (2013) ‘The Development on Securitization Regulation Reform’, IOSCO Report Series, 5th issue.
Lu, T., (2013) ‘Policy Advices for MMF Regulation’, IOSCO Report Series, 3rd issue.
Lu, T. and Y. He, (2013) ‘Principles for Financial Benchmark: Retrospection and Implication’, IOSCO Report Series, 2nd issue.
Lu, T. and Y. He, (2013) ‘The Identification of Non-bank SIFI’, IOSCO Report Series, 1st issue.
Lu, T., (2013) ‘The Recent Development of International Regulatory Reforms’, CSRC Internal Files.
Lu, T., W. Cui and F. Li, (2013) ‘The Function and Operation of Regional  Equity Markets’, CSRC Internal Files.
Lu, T., W. Cui, (2013) ‘The Outlook for the First Quarter: Macroeconomics and International Financial Markets’, CSRC Internal Files.
Lu, T., X. Yong, W. Cui and D. Feng, (2012) ‘The Road towards New Urbanization and its Financial Support’, Report on Politics and Research Series, 277th issue.
Lu, T. and M. Lu, (2012) ‘The Third Quarter Report on China’s Oversea Investment’, KPMG Global Economy Observer.
Lu, T., Y. Peng and P. Fung, (2012), ‘Demystifying the slowdown’, Global China Practice Business Report.
Lu, T., (2012) ‘Stress Test on Default Probability of Real Estate Development Enterprises: Based on Monte-Carlo Simulation’, PBC Research Report Series, 41st issue.
Lu, T., (2011) ‘The Analysis of China’s Short-term Capital Inflow’, PBC Research Report Series, 36th issue.
Lu, T., (2011) ‘Capital Account Liberalization and RMB Globalization’, PBC Research Report Series, 10th issue.
Lu, T., (2010) ‘Systemic Risk and Macroprudential Regulation’, PBC Research Report Series, 7th issue.

PRESENTATIONS
·Bin, Q. and T. Lu (2013, March). Capital Account Liberalization and China's Capital Markets, IMF-PBC 2013 Capital Account Management Symposium, Beijing, China.
·Yao, J. and T. Lu (2012, June). The Roadmap of RMB Internationalization. Speech delivered at Lujiazui Finance Forum, Shanghai, China.
·Lu, T. (2011, July). Systematic Mispricing and Post Earnings Announcement Drift. Paper presented at China International Conference in Finance, Wuhan.
·Lu, T. (2010, July). Firm Investment and the Value Effect:  An Empirical Test Based on GRS Regression and Generalized Method of Moments. Paper presented at University of International Economics and Finance, Beijing.
·Lu, J. and T. Lu, (2009, June). Relative Efficient Models: A New Conception for Asset Pricing Theory. Paper presented at Asian Finance Association International Conference, Australia.

GRANTS FUNDED
·The Strategy for Capital Markets Internalization. Funded by the Theme-Based Research Fund at China Securities Regulatory Commission, 2013, Finished.
·Asset Price Volatility and Macro-prudential: Systemic Risk Regulation Based on Incomplete Market Theory. Funded by China Post-doctoral Science Fund (No. 2011M500471), 2011-2012, Finished.
·Multi-equilibria Selection and Macro-prudential: A Micro-foundation Based on Incomplete Market Theory. Funded by the Annual Theme-Based Research Fund at the People’s Bank of China, 2011. Finished.
·The Influences of Capital Account Liberalization: An Empirical Study. Funded by the Young Researchers Fund at the People’s Bank of China, 2011. Finished.
·Financial Structural Constrains and the Instable Economic Growth of China. Funded by the National Social Science Fund (No. 07AJL003), 2007-2010. Finished.
·China’s Financial Sector Outlook during the 12th Five Year Plan Period: Structure Optimization  and the Trends of Financial Markets Development. Funded by the Annual Theme-Based Research Fund at the People’s Bank of China, 2010. Finished.