DONGHUI LI
Personal Details
Gender: Date of Birth: Residence: Male 26 June, 1972 49/12-22 Dora St., Hurstville, Sydney NSW 2220, Australia Tel: (H) 61-2-9586 2056 (W) 61-2-9385 5873 (M): 0402 085 482
Donghui@unsw.edu.au
E-mail: Language: Education:
English and Mandarin
1) PhD in Finance 1998-2001 School of Banking and Finance Faculty of Commerce and Economics University of New South Wales Sydney, Australia 2) PhD Qualifying Program 1997-1998 School of Banking and Finance Faculty of Commerce and Economics University of New South Wales Sydney, Australia The five PhD qualifying subjects with satisfactory grades are: Research Methods in Finance 1 & 2 (Advanced Econometrics); Financial Decision Making under Uncertainty; Advanced Topics in Corporate Finance; Advanced Topics in Asset Pricing.
3) Master of Commerce (Specialized in Advanced Finance) 1996—1997 School of Banking and Finance Faculty of Commerce and Economics University of New South Wales Sydney, Australia 4) Bachelor of Economics (Specialized in Financial Auditing) 1989-1993 Department of Auditing Faculty of Economics Wu Han University Wu Han, People’s Republic of China Academic Awards: OPRS ($42,000, Overseas Postgraduate Research Scholarship for PhD course at the University of New South Wales) from Australian government. FPRS ($48,000, Faculty Postgraduate Research Scholarship) from Faculty of Commerce & Economics, the University of New South Wales. SRG ($4,100, Special Research Grant) from Faculty of Commerce and Economics, the University of New South Wales. Computer Skills: Specialized in: SHAZAM; TSP; RATS (including CATS in RATS); Excel. Leisure Interests: Swimming, Running, Table Tennis, Novels and Music. Current Position: Full-Time Senior Lecturer of Finance at the University of New South Wales.
Publications: 1) Donghui Li, Fariborz Moshirian, and Ah-Boon Sim, 2003, The Determinants of Intra-Industry Trade in Insurance Services, Journal of Risk and Insurance, 70 (2), 269-287. 2) Donghui Li, and Fariborz Moshirian, 2004, Foreign Direct Investment in Insurance Services in the US, Journal of Multinational Financial Management, 14, 249-260. 3) Donghui Li, Fariborz Moshirian, and Ah-Boon Sim, 2004, Intra-Industry Trade in Financial Services, Journal of International Money and Finance, forthcoming. 4）Intra-Industry Impacts of the Privatization of Bank of China in Hong Kong, Journal of Banking and Finance, forthcoming, (with Chen and Moshirian).
Published Books: Financial Auditing in China, 1995, Communist Party Central Supervision Committee Publishing House. Papers under Reviews of Refereed International Finance Journals 1). Corporate Governance and Globalization: An Analysis of CEO Compensation in China (with Moshirian, Nguyen, and Tan). 2). Dividend Changes in Japan (with Nguyen). 3). Post IPO Firm Performance and Managerial Ownership in China (with Tan). 4). Cross-border Mergers and Acquisitions (M&As) in Insurance Industry (with Rosswick). 5). Demand for Life Insurance (with Wee).
Working Papers 1). Foreign Life Insurance Participation in OECD Countries (with Wee). 2). Exchange Rate Exposure of Insurance Companies (with Wee). 3). Corporate Governance and Institutional Investment around the World (with Zein)
4). Institutional Shareholding and Firm Value (with J., Zein and P., Pham). 5). Globalization of Firms (with J., Zein). 7). Foreign Shareholdings in China (with Z., Chen).
Papers Accepted at Conferences 1). An Econometric Analysis of Foreign Direct Investment in Insurance Services, presented at the 13th Australasian Finance Conference (Dec 2000, Sydney), held by the University of New South Wales and Conference of Money and Finance in Transition – Research in Contemporary and Historical Finance, (February 2001, Sydney), held by the University of Western Sydney. 2). The Impact of Exchange Rates, Stock Markets and Interest Rate Volatility on International Insurance Trade Flows, accepted at the 8th Annual Conference of the Multinational Finance Society (May 2001, Italy), held by the State University of New Jersey (Rutgers). 3). Foreign Insurance Companies in Japan, presented at the 14th Australasian Finance Conference (Dec 2001, Sydney), held by the University of New South Wales. 4). Privatization of Bank of China in Hong Kong, World Bank Conference (Nov 2003, Washington). Papers Currently Working
1). Mergers and Acquisitions (M&As) by Business Groups in China –Valueenhancing or Tuneling? (with Cole). 2). Price Discovery in Chinese Stock Exchanges between A-, B-, and HShares (with Yang). 3). Demutualization of Insurance Companies 4). Market Micro-Structure in China (with Chen). 5). Insurance M&As and CEO Compensation (with White). 6). Foreign Shareholding and Stock Volatility in China (with Chen). 7). The Impacts of Exchange Rate and Interest Rate Volatility on the US Trade Flows (with Milunovich) 8). Forced CEO Turnover and Firm Performance in Australia (with Pham) 9). IPO Listings around the World (with Ng) 10). Bancassurance 11). The Impacts of Exchange Rate and Interest Rate Shocks on Insurance stock Returns 12). Information Flows for Three Market Listing Firms – Trivariate GARCH Approach 13). Institutional Allocation of IPOs (with Pham).
5). World IPOs (with D., NG). 10). Bi-Variate GARCH and Cointegration Analysis of China's Stock Markets (with A., Sim and Z., Chen). 21). Foreign shareholding and stock volatility around the world (with Kwong) 75). Tri-variate GARCH analysis of US, UK and Japanese all-listed stocks
Referee for the Following Finance Journals
Journal of Banking and Finance Journal of Multinational Financial Management
Career History: Teaching Experience July 2001 until now Full-time Lecturer/Senior Lecturer of Finance at the University of New South Wales Teaching Subjects: FINS 3651/5551 International Insurance Management FINS 3631/5531 Risk and Insurance GENC 3001 Understanding Asian Banking and Finance China Program Teaching Subjects (Beijing): FINS 7512 Corporate Finance FINS 7531 Risk and Insurance July 2000 until June 2001 Lecturer at the University of Sydney Teaching Subjects: FINC 3001 International Financial Management FINC 3002 Derivative Management Associate Lecturer and Course Coordinator at the University of Sydney Teaching Subjects: FINC 3001 International Financial Management FINC 3002 Derivative Management FINC 3007 Investments and Portfolio Management July 1999 until June 2001 Part-time Lecturer and Tutor at the University of New South Wales
Teaching subject: GENC 3001 Understanding Asian Banking and Finance. Tutoring subject: FINS 5513 Security Valuation and Portfolio Analysis. March 1999 until June 1999 Lecturer in MBA (Mandarin) program at the University of Technology, Sydney Teaching Subject: International Finance Part-II Industry Experience July 1993 to April 1996: Department of Auditing of People’s Republic of China Agent Description: Constituent Department of State Council of PRC Position: Financial Auditor and Project Manager Responsibilities: A. Supervising the economic activities of the central bank and commercial banks as well as the insurance companies of China. The routine work includes verification of the credibility, accuracy and regulatory alignment of accounting reports: Balance Sheet, Loss/Profit Statement and Cash Flow Statement. The banks involved are: People’s Bank of China (China’s central bank), The Industrial & Commercial Bank of China, The Construction Bank of China, The Bank of China, and the Agricultural Bank of China. The insurance companies involved are PICC (The People’s Insurance Company of China) and the Pacific Insurance Company of China. The banking-related security companies involved are Hai Tong Security Company, and so on.
B. Conducting research and analysis in cost reduction, operation efficiency and international competitiveness situation in all of the general commercial banks of China. C. Investment and lending activity analysis.