Zongyuan Li, Ph.D.


Ph.D., Finance, University of Macau, Macau, China

M.Sc., Finance, ISCTE-IUL, Portugal

B.M., Forensic Medicine, Xi’an Jiaotong University, Shaanxi, China


Dr. Zongyuan Li received his doctoral degree from the University of Macau. Before joining the WKU in 2022, he was an assistant professor at the Dalian Maritime University, and a part-time Charted Financial Analyst (CFA) lecturer at the Golden Education.

His research interests lie primarily in the fields of banking risk management (e.g., liquidity risk, systemic risk, and credit risk) and real estate finance.

Personal Websites: https://sites.google.com/iscte-iul.pt/zongyuans-marketopia/home

Research Interest

  • Banking
  • Risk Management
  • Real Estate Finance

Teaching Courses

  • Financial Management
  • Financial Derivatives
  • Risk Management
  • Corporate Finance


Chang, Xiao, Jingya Li, and Zongyuan Li, 2022. Revisit the Nexus Between Saving and Inequality in Labor Intensive Economies: Evidence from China, Emerging Markets Finance and Trade (ABS-2, ABDC-B, SSCI) https://doi.org/10.1080/1540496X.2022.2084378

Li, Jingya, Zongyuan Li and Minghua Liu, 2022. Bank Competition, Interest Rate Pass-Through and the Impact of the Global Financial Crisis: Evidence from Hong Kong and Macao, China Finance Review International (ABS-1, ABDC-C, ESCI). https://doi.org/10.1108/CFRI-08-2021-0172

Li, Zongyuan and Rose Neng Lai, 2022. International Borrowing and Bank Liquidity Risk, Journal of Financial Research, 45(1), 53-91. (ABS-3, ABDC-A, SSCI).

Li, Zongyuan and Rose Neng Lai, 2021. Not All Bank Liquidity Creation Boosts Prices – The Case of the US Housing Markets, International Real Estate Review, 24(1): 19-58. (ABDC-C, ESCI)