Stephen Ching, PhD, CFA

School of Economics and Finance, The University of Hong Kong, Pokfulam Road, Hong Kong
Tel: (852) 2859 2192, Fax: (852) 2548 1152, E-mail:

Biography and CV


ECON0106 Games and Decisions (SEF)
ECON6006 Economics of Organization and Strategy (FBE)

FINA1001 Financial Statement Analysis (SEF)
Module 1 Quantitaive and Economic Analysis (PKKI)

Public Lecture:
Economics and Winning Auctions, December 6, 2003

Case Study:
Contestability of the Land Market in Hong Kong, Center for Asian Business Cases, The University of Hong Kong, forthcoming


1. Non-Tariff Barriers to Trade in the Pacific Rim (with Clement Wong and Anming Zhang), Pacific Economic Review 9(1), February 2004, 65-73 (abstract)

2. Game-Theoretic Analysis of China's WTO Accession (with Eric Bond and Edwin Lai), Pacific Economic Review 8(2), June 2003, 117-125

3. Contestablility of the Urban Land Market: An Event Study of Hong Kong Land Aucitons (with Yuming Fu), Regional Science and Urban Economics 33(6), October 2003, 695-720 (abstract)

4. Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area (with Michael Devereux), Review of International Economics 11(4), September 2003, 674-691 (abstract)

5. The Incredible 2003/04 Budget, Asia-Pacific Journal of Taxation 7(1), Spring 2003, 67-73 (HKCER Letters, TDC)

6. Multi-Valued Strategy-Proof Social Choice Rules (with Lin Zhou), Social Choice and Welfare 19(3), July 2002, 569-580 (abstract)

7. The 2002/03 Budget: A Critical Review, Asia-Pacific Journal of Taxation 6(1), Spring 2002, 69-73

8. Has the Budget Addressed the Deficit Problem? Asia-Pacific Journal of Taxation 5(1), Spring 2001, 71-75

9. A Maximal Domain for the Existence of Strategy-Proof Rule (with Shigehiro Serizawa), Journal of Economic Theory 78(1) , January 1998, 157-166 (abstract)

10. Strategy-Proofness and "Median Voters", International Journal of Game Theory 26(4), 1997, 473-490 (abstract)

11. A Simple Characterization of Plurality Rule, Journal of Economic Theory71(1), October 1996, 298-302 (abstract)

12. An Alternative Characterization of the Uniform Rule, Social Choice and Welfare 11(2), April 1994, 131-136

13. A Simple Characterization of the Uniform Rule, Economics Letters 40(1), September 1992, 57-60 (abstract)


Hong Kong Committee for Pacific Economic Cooperation (HKCPEC)
Member, April 2004 - present

Business and Professionals Federation (BPF)
Member, Study Group on Public Finance, April 2003 - present

School of Arts and Social Sciences, Open University of Hong Kong
External Examiner (2001-present) and External Course Assessor (2000-01)

School of Professional and Continuing Education (SPACE), University of Hong Kong
External Examiner, 2003/04 - present

Hong Kong Economic Association (HKEA)
Honorary Secretary and Member of Executive Committee, 1996-97

HKCER Letters
Four Principles for the First SAR Direction Election, HKCER Letters 44, May 1997

Newspaper Articles in Hong Kong Economic Journal, Hong Kong Economic Times , and Ming Pao Daily News

Consultancty Studies

Government of Hong Kong Special Administrative Region (HKSAR)
Senior Consultant, An Extended Study of the Key Economic Characteristics of Indirect Taxes in Hong Kong, 2001

Hong Kong Coalition of Service Industries (HKCSI)
Consultant, Opportunities from Liberalization of Trade in Services – The Private Sector Interest, 1998-2000 (Report, Electronic Handbook)
(sponsored by Services Support Fund, Industry Department, Government of HKSAR)

Pacific Basin Economic Council (PBEC)
Consultant, Administrative Barriers to Trade in Goods and Services, 1996-97

Professional Qualifications and Memberships

Association for Investment Management and Research (AIMR)
Chartered Financial Analyst (CFA) and Member of AIMR, 2000-present
Member of Hong Kong Society of Financial Analysts (HKSFA), 2000-present

Global Associationa of Risk Professionals (GARP)
Certified Financial Risk Manager (FRM) and Member of GARP, 1999-present

Professional Risk Managers' International Association (PRMIA)
Professional Risk Manager (PRM) and Member of PRMIA, 2002-present

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Last updat: September 7, 2011