Associate Professor
Finance Department, Antai Economics and Management School
Shanghai Jiaotong University, 200052
TEL:8621-52301360,FAX:8621-62932576
E-mail: mccai@sjtu.edu.cn

2011 visiting scholar of Australia National University
2009 CFA Examination Standard Setter
2009 visiting scholar of UCSD, San Diego
2006 visiting scholar of Columbia Business School in New York city.
2006 Pass Level III examination of CFA

1998-2001  Ph.D.in Finance, Antai School of Management, Shanghai

Jiaotong University
1995-1998  Master degree in Management Science, Shanghai
Jiaotong University
1987-1991  Bachelor degree in Application Mathematics, Shanghai
Jiaotong University

1 Director of Alpha Student Managed Mutual Funds, 2004- present
2 Membership of Shanghai Financial Engineering Association

Research Interest:
1 Empirical asset pricing
2 Portfolio management and pension fund management

Paper in SSCI Journals
Do Heterogeneous Background Risks Matterto Household Asset Allocation?
Asia-Pacific Journal of Financial Studies,(2013) 42, 563–589
Investment under Event Risk in China Stock Market: A Theoretical Analysis,Economic Modelling,24,2007,673-682, SSCI.
The overconfident, or the more informed? Applied Economics Letters，2009，16（3），315-318
Is the more able manager always safer from takeover? Economic Modelling，2010,27,28-31
Household life-cycleasset allocation and backgroundrisk of labor income, China Finance Review International ,Vol. 3 No. 2, 2013,117-129

Selected Articles [in Chinese]:
1 Does Chinese Fiscal Policy Increase Total Social Utility ? Economy Research, 2009(3),79-85
2 Brownian Bridge Motion and its Application in Bonds RiskAnalysis, Chinese Management Science,2003(1)
3 Asset Allocation Process Analysis, Journal of Statistics,2000(12)
4 Maximum Target Probability and Maximum Expected Utility,Journalof Mathematics Economics.2000
5 Empirical Study on Weak-form Efficiency of Shanghai Stock  Markets, Journal of Shanghai Jiaotong University,1998,32(3)
6 Distribution Characters of Return in Shanghai Stock Markets, Forecast,1999,18（2）
7 Investment Value Analysis of China Government Bonds,Review ofShanghai Public Finance，1998，2

Science Research Project:
1 Life-cycle Investment Model under Multiple Background Risk, Sponsored by Nation Natural Science Foundation, No. 70971088, RMB 540,000
2 Sovereign Wealth Fund’s Strategic Asset Allocation with Background Risk, 71271135, RMB 250,000
3 Chinese Mutual Fund Performance Evaluation, Vice Head of the Project, Sponsored by National Natural Science Fund (No.70373053),2001-2003
4 Chinese Real Business Cycles under Open Environment, Vice Headof the Project, Sponsored by Chinese National Social Science

Financial Mathematics, Asset Pricing and Investment Analysis, International Finance
2009 CFA Examination Standard Setter
Published Books:
1 Portfolio Management, Shanghai JiaotongUniversity Press, 2010
2 Financial Mathematics and Analysis Technique, Fu Dan UniversityPress, 2002
3 Investment, Shanghai People’s Press, 2002 (Co-author with YangChaojun)
4 Theory and Practice in Chinese Mutual Fund, Shanghai Finance andEconomics University Press ,2005-8-4
5 Modern Finance: Theory Efficient Frontier, Shanghai JiaotongUniversity Press, 2004, (Co-author with Yang Chaojun)

Chinese Translation of Academic Books:
1 Oxford Guide to Financial Modeling, forthcoming, Shanghai Finance and Economics University Press, [Original Author :Thomas Ho and Sang Bin Lee, Oxford University Press]
2 Financial Mathematics, Hua Zhang Economics and Management Press,2004,Chinese Translation Version [Original Author : Joseph Stampfli and Victor Goodman, University of Indiana ,USA]