Projects per year
Personal profile
Personal profile
Dr. Ning Zhang joined IBSS at XJTLU in 2023, having previously taught at Shanghai University since 2020. Her teaching portfolio spans a range of courses including derivatives modeling, financial risk management, corporate finance, and financial econometrics.
Her research has been published in leading finance and econometrics journals, including the Journal of Banking & Finance, the European Journal of Finance, the International Review of Financial Analysis, and the Journal of Futures Markets (ORCID: 0000-0002-1896-6888).
Her research interests lie at the intersection of financial econometrics, empirical asset pricing, and AI/machine learning applications in finance. She is particularly interested in how risk shapes asset pricing, and in the role of the information environment in influencing investor behavior, with a focus on institutional investors.
Research Assistant Opportunities (Undergraduate; Master's) Dr. Zhang welcomes applications from students with a strong interest in finance. Suitable candidates include those with coursework in econometrics, investments, or corporate finance, as well as students from non-finance backgrounds who have solid programming skills in Python, R, or MATLAB. If you are highly motivated and interested, please email Dr. Zhang at Ning.Zhang@xjtlu.edu.cn.
Research interests
Tail risk and volatility forecasting
Model risk
Return predictability
AI/Machine learning in Finance
Institutional investing
Experience
Assistant Professor, Xi'an Jiaotong-Liverpool University 2023-Present
Assistant Professor, Shanghai University 2020-2023
Teaching
FIN001, Finance and Society, 2024-Present
FIN102, Foundations of Finance, 2023-Present
FIN421, Econometrics for Finance, 2024-Present
Risk Management and Derivatives, undergraduates, Fall 2022
Corporate Finance, postgraduates, Fall 2020 - 2022
Python Programming, undergraduates, Winter 2021
Introductory Economics, undergraduates, Summer 2021
International Finance, undergraduates, Winter 2021
Financial Institutions and Markets, undergraduates, Winter 2020
Related documents
Education/Academic qualification
BA, Sichuan University - 2015
MSc, University of Reading - 2016
PhD, University of Reading - 2020
Research areas
- Financial risk modeling and management
- Asset and derivatives pricing
Person Types
- Staff
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 13 Climate Action -
SDG 16 Peace, Justice and Strong Institutions
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Collaborations and top research areas from the last five years
Recent external collaboration on country/territory level. Dive into details by clicking on the dots or
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Investigating the role of investor demand in driving asset prices
Zhang, N. (PI)
1/07/24 → 30/06/27
Project: Internal Research Project
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Machine Learning and Image Data - Evidence from the Chinese Stock Market
Zhai, J. (PI), Shi, S. (CoPI) & Zhang, N. (CoPI)
3/06/24 → 31/08/24
Project: Internal Research Project
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Confucian culture and corporate maturity mismatch: evidence from China
Zhang, N. & Liu, C., Nov 2025, (Accepted/In press) In: Finance Research Letters.Research output: Contribution to journal › Article › peer-review
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The global investigation on the effect of press freedom on country-level idiosyncratic volatility
Wenjun Xue & Zhang, N., 23 Oct 2025, In: European Journal of Finance.Research output: Contribution to journal › Article › peer-review
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Diffusive and Jump Risk Premia in China: The Role of Trading Mechanisms
Zhang, N., Qi, S. & Su, X., 2024, (In preparation).Research output: Contribution to conference › Paper
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An empirical investigation of multiperiod tail risk forecasting models
Zhang, N., Su, X. & Qi, S., Mar 2023, In: International Review of Financial Analysis. 86, 102498.Research output: Contribution to journal › Article › peer-review
6 Citations (Scopus) -
Fund ESG performance and downside risk: Evidence from China
Zhang, N., Zhang, Y. & Zong, Z., Mar 2023, In: International Review of Financial Analysis. 86, 102526.Research output: Contribution to journal › Article › peer-review
51 Citations (Scopus)
Activities
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Enhancing Financial Risk Prediction through Generative AI-Driven Text Mining
Zhang, N. (Supervisor) & Yao, X. (Supervisor)
Jun 2025 → Sept 2025Activity: Supervision › Completed SURF Project
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LLMs and Volatility Forecasting: evidence from FOMC statements and Trump's Twitter
Yao, X. (Supervisor) & Zhang, N. (Supervisor)
Jun 2025 → Aug 2025Activity: Supervision › Completed SURF Project
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Asian Meeting of the Econometric Society (External organisation)
Zhang, N. (Member)
May 2025 → May 2028Activity: Membership › Membership of committee
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FECS on Climate finance (External organisation)
Zhang, N. (Member)
Feb 2025 → May 2025Activity: Membership › Membership of committee
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Measuring Model Risk for Market Risk Measures
Zhang, N. (Speaker)
Dec 2024Activity: Talk or presentation › Presentation at conference/workshop/seminar