Nottingham University Business School
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Dr Hong Li

PhD (London Guildhall University), PGCH (Univeristy of Nottingham)
Assistant Professor

Division: Finance, Risk and Banking
Centre/Institute: China Research Group
Tel: +44 (0) 115 7484148
Location: C43 (South Building, Jubilee Campus)

Dr Hong Li is an assistant professor and teaches Introduction to Finance and Research Methods.

She conducts empirical research in the areas of growth convergence and financial markets and has published in peer-reviewed journals, such as Applied Financial Economics, Empirical Economics, Energy Policy, Journal of International Financial Markets, Institutions and Money, The Quarterly Review of Economics and Finance and Research in International Business and Finance. Currently Hong Li is working on Brexit and stock market spillovers across Europe.

Research Interests
Stock market spillovers and linkages; asset pricing and market integration; high frequency data and time series methods

Administrative Roles
Director of MSci/BSc Accounting & Finance for Contemporary China
Director of MSci/BSc Business & Economy of Contemporary China
I am module convenor of the following modules:


Business Finance (N11605)

Details of all modules can be found on MyNottingham


Older Publications

Older Publications

Journal Articles

Li, H. (2013), "Integration versus segmentation in China's stock market: An analysis of time-varying beta risks", Journal of International Financial Markets, Institutions and Money, Vol.25, 88-105.

Li, H. (2012), "The impact of China's stock market reforms on its international stock market linkages", Quarterly Review of Economics and Finance, Vol.52, 358-368.

Li, H.; Lin, S. (2011), "Do emerging economies matter in the world oil pricing system? Evidence of Imported Crude by China and India", Energy Policy, Vol.39, 4626-4630.

Oskooe, A.; Li, H.; Shamsavari, A. (2010), "The Random Walk Hypothesis in an Emerging Stock Market", International Research Journal of Finance and Economics, Vol.50, 51-61.

Recent Publications

Journal Articles

Li, H, (2019), "Volatility spillovers across European stock markets under uncertainty of Brexit", Economic Modelling, forthcoming 2019.

Li, H, (2019), "Direct overseas listing versus cross-listing: A multivalued treatment effects analysis of Chinese listed firms", International Review of Financial Analysis, forthcoming 2019.

Li, H. (2018), "Residual state ownership and stock market integration: Evidence from Chinese partly privatised firms", Quarterly Review of Economics and Finance, Vol.67, 100-112.

Discussion Papers

Li, H.; Daly, V. 2015, "Stock market integration and financial crises: Evidence from Chinese sectoral portfolios", China Policy Institute working paper series, 33-48, forthcoming 2015.



Nottingham University Business School

Jubilee Campus

telephone: +44 (0) 115 846 6602
fax: +44 (0) 115 846 6667