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Personal profile
Personal profile
Prof Xuezhong (Tony) He joined the Department of Finance as a Professor in Finance in 2022. Before joining XJTLU, Tony was a Professor of Finance at the University of Technology Sydney (UTS) from 2010 to 2021. Before that, he worked at the University of Sydney and UTS as a Lecturer, Senior Lecturer, and Associate Professor. In addition, he has been a Co-Editor of the Journal of Economic Dynamics and Control (an ABDC A* journal) for 10 years (2013-2022), a Senior Editor, Department Editor, Associate Editor, and Guest Editor for several other journals. In 2023, Tony was awarded as a Distinguished Foreign Expert ( 杰出国际型学科领军人才)-Dushuhu Science and Technology Innovation District Administration, Suzhou Industrial Park.
Tony is an internationally recognized expert in asset pricing, financial market modeling, market microstructure, financial economics, and nonlinear dynamics in finance and economics. His international research profile is attested by his publications in the field of finance and economics, invited contributions to the prestigious Handbook of Financial Markets and Handbook of Computational Economics, numerous keynote talks at international conferences, and many competitively Australian and Chinese research grants (in a total of AUD$2 million, including four Australian Research Council Discovery (ARC) Project Grants, one ARC Linkage Project, and a total of RMB7.6 million three grants in National Natural Science Foundation of China).
Regarding research impact, RePEc (Research Papers in Economics) Ranking puts Tony in the Top 3% in Asia and China. He has published one book, 15 chapters, and more than 60 journal papers. His publications have been highly cited (more than 3,600 times in Scopus and 6,000 times in Google Scholar). Tony is Highly Cited Chinese Researcher of 2022-2023 by Elsevier for contributions to Applied Economics.
Tony received his Ph.D. in Finance in 2001 from UTS and Ph.D. in Applied Mathematics in 1995 from Flinders University in Australia, the two fundamental disciplines underpinning his teaching and research areas. His teaching included asset pricing, portfolio theory, investment, international finance, and derivatives.
SSRN Working Papers: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=349709F.
- Xue-Zhong (Tony) He, Junqing Kang, Shiting Ren, and Xuan Zhou (2023), Stay ahead: active data management and market power
- Xue-Zhong (Tony) He, Junqing Kang, and Shen Lin (2023), Cautious trading of unconsciousness
- Nihad Aliyev & Xue-Zhong (Tony) He, Ambiguity and Information Tradeoffs
- Nihad Aliyev, Xue-Zhong (Tony) He & Talis Putnins, Learning about Adverse Selection in Markets
- Douglas Foster, Xue-Zhong (Tony) He, Junqing Kang & Shen Lin, The Microstructure of Endogenous Liquidity Provision
- Xue-Zhong (Tony) He & Junqing Kang, Information Diffusion and Speed Competition,
- Xue-Zhong (Tony) He, Junqing Kang & Xuan Zhou, The Fast and the Furious: Exchange Latency and Ever-fast Trading
- Xue-Zhong (Tony) He, Junqing Kang & Xuan Zhou, Quantitative Investing and Price Informativeness
- Xue-Zhong (Tony) He & Lei Shi, Disagreement, Excess Volatility and Comovement in Stock Returns
- Xue-Zhong (Tony) He, Lei Shi & Marco Tolotti, The Social Value of Information Uncertainty
- Xue-Zhong (Tony) He, Lei Shi & Min Zheng, Asset Pricing Under Keeping Up with the Joneses and Heterogeneous Beliefs
Research interests
Financial Economics
Nonlinear Dynamics in Economic and Finance
Market Microstructure
Asset Pricing with Heterogeneous Beliefs, Learning, and Social Interactions
Experience
Dec. 2010-Dec 2021Professor of Finance, UTS Business School, University of Technology Sydney
Jan 2017-Jan 2019Honorary Professorial Fellow, University of Wollongong
Oct. 2011-Jan. 2013Deputy Head, Finance Discipline Group, UTS Business School
Jan. 2007-Nov. 2010Associate Professor, School of Finance and Economics, University of Technology Sydney
Feb. 2002-Dec. 2006Senior Lecturer, School of Finance and Economics, University of Technology Sydney
Jan. 2001-Jan. 2002Lecturer, School of Finance and Economics, University of Technology Sydney
Apr. 1995-Dec. 1997Lecturer, Mathematics and Statistics, The University of Sydney
Teaching
Fundamentals of Derivative Security Pricing
Derivatives and Risk Management
Financial Management
International Finance
Synthetic Financial Products
Investment Management
Derivative Security Pricing
Theory of Financial Decision Making
Derivative Securities
Investment Analysis
FIN419 Financial Derivatives
FIN410 Advanced Derivatives
FIN302 Finance and Markets
Awards and honours
- Distinguished Foreign Expert (杰出国际型学科领军人才)-Dushuhu Science and Technology Innovation District Administration, Suzhou Industrial Park, 2023-2025
- The 2022/23 Academic Excellence Award, IBSS, XJTLU
- IBSS Research Senior Award, 2022
- Highly Cited Chinese Researcher of 2022-2023 by Elsevier for contributions to Applied Economics
- Best paper award in Fund Management/Risk Management/Quantitative Finance, Information diffusion and speed competition, the 2019 Financial Markets and Corporate Governance Conference, Sydney
- Chancellor’s List 2001 for outstanding PhD theses at UTS
- Outstanding Research Award of Ningxia University 1991.
Education/Academic qualification
Ph.D. Finance and Economics, University of Technology Sydney, Australia (2001)
Ph.D. Applied Mathematics, Flinders University, Adelaide, Australia (1995)
Person Types
- Staff
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Collaborations and top research areas from the last five years
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Modelling and Data Analytics on Cross Sectional Financial Risk: Evidence on Microscopic Data from Banking, Security Industry and Real Estates
1/01/24 → 31/12/27
Project: Governmental Research Project
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History Matters: A New Paradigm of Non-Markovian Asset Pricing
He, X., Li, K. & Li, Y.
1/09/22 → 1/06/25
Project: Internal Research Project
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NSFC: On the Interconnectedness of Real Economy and Financial System in China: An Agent-based Modelling Approach (基于中国“实体经济-金融系统”复杂关联的计算 实验建模研究)
Xiong, X., Zhang, W. & He, X.
1/01/22 → 31/12/26
Project: Governmental Research Project
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ARC LP: Reshaping superannuation practice in Australia using big data analytics
Xu, G. & He, X.
1/07/18 → 31/12/21
Project: Governmental Research Project
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ARC DP: Asset Pricing with Social Interactions, Adaptive Learning, and Differences in Opinion
He, X., Shi, L. & Li, Y.
1/01/13 → 31/12/15
Project: Governmental Research Project
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Nonstandard Errors
Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Neusüß, S., Razen, M., Weitzel, U., Abad-Díaz, D., Abudy, M., Adrian, T., Ait-Sahalia, Y., Akmansoy, O., Alcock, J. T., Alexeev, V., Aloosh, A., Amato, L., Amaya, D., Angel, J. J., & 323 others , Jun 2024, In: Journal of Finance. 79, 3, p. 2339-2390 52 p.Research output: Contribution to journal › Article › peer-review
Open Access9 Citations (Scopus) -
Reinforcement learning and rational expectation equilibrium in limit order markets
Zhou, X., Lin, S. & He, X-Z., 2024, (Accepted/In press) In: Journal of Economic Dynamics and Control.Research output: Contribution to journal › Article › peer-review
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Ambiguous price formation
Aliyev, N. & He, X-Z., Jul 2023, In: Journal of Mathematical Economics. 106, 102842.Research output: Contribution to journal › Article › peer-review
1 Citation (Scopus) -
Conscious trading of unconsciousness
He, X-Z., Kang, J. & Lin, S., 16 Nov 2023, SSRN.Research output: Other contribution
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Stay ahead: active data management and market power
He, X-Z., Kang, J., Ren, S. & Zhou, X., 17 Mar 2023.Research output: Contribution to conference › Paper
Activities
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管理科学学报 (Journal)
X.-Z. He (Reviewer)
26 Aug 2024Activity: Peer-review and editorial work of publications › Editorial work
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Journal of Economic Interaction and Coordination (Journal)
X.-Z. He (Reviewer)
12 Jul 2024Activity: Peer-review and editorial work of publications › Editorial work
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Reinforcement learning and rational expectations equilibrium in limit order markets
X.-Z. He (Speaker)
9 Jul 2024 → 11 Jul 2024Activity: Talk or presentation › Presentation at conference/workshop/seminar
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Workshop on Economics with Heterogeneous Interacting Agents (WEHIA)
X.-Z. He (Member of programme committee)
9 Jul 2024 → 11 Jul 2024Activity: Participating in or organising an event › Organising an event e.g. a conference, workshop, …