Journal article
Bank deregulation and the rise of local government debt: Evidence from joint-equity bank entry in China (opens in a new tab)
Economic Modelling, 154, 107367.
All authors contributed equally and are treated as joint first authors.
FIN / ML / RISK 2026
Ruting Wang王茹婷
Postdoctoral Researcher in Finance
City University of Hong Kong · Sun Yat-sen University
I study financial risk, digital assets, corporate finance and climate-related capital reallocation, using machine learning and modern causal inference to understand how risks travel through markets and institutions.
Research index
Five connected lines of enquiry
Profile
Finance, computation and the changing architecture of risk
My research connects quantitative finance with questions about how markets allocate capital. I work on systemic and network risk, digital assets, climate-related financial risk, corporate debt and institutional reform.
Across these areas, I use machine learning and causal inference to make complex risk transmission more measurable — from financial-institution networks and cryptocurrency markets to carbon exposure and bond-market reform.
- Primary fields
- Financial risk, digital finance, corporate finance
- Methods
- Machine learning, causal inference, network analysis
- Current bases
- Hong Kong · Shenzhen · Bucharest
- PhD
- Finance, Sun Yat-sen University
Selected work
Published research
Three peer-reviewed articles with verified DOI links. The Publications page separates published work from ongoing research.
Journal article
Assessing network risk with FRM: Links with pricing kernel volatility and application to cryptocurrencies (opens in a new tab)
Quantitative Finance, 24(7), 975–992.
Journal article
A financial risk meter for China (opens in a new tab)
Emerging Markets Review, 56, 101052.
Academic path
Appointments & education
Current appointments and degrees, drawn from the CV dated 20 July 2026.
Appointments
2024–present
Postdoctoral Researcher
School of Energy and Environment, City University of Hong Kong
Hong Kong Scholars Program
2023–present
Postdoctoral Researcher
Business School, Sun Yat-sen University
2023–present
Research Fellow
IDA Institute for Digital Assets, Bucharest University of Economic Studies
2025–present
Member
MSCA Digital Finance
Education
2018–2022
PhD in Finance
Sun Yat-sen University, School of Business
Dissertation: “Rigid Payment, Debt Financing, and Capital Misallocation: An Application of Machine Learning Causal Inference Method”
2021–2022
Visiting PhD
Humboldt-Universität zu Berlin, IRTG 1792
2014–2017
MSc in Financial Management
Zhongnan University of Economics and Law
2010–2014
BSc in Financial Management
Zhongnan University of Economics and Law
Contact
Research collaboration and academic enquiries
For questions about current work in financial risk, digital assets, climate finance or machine learning.