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)


Research Methods for Business and Finance (T14111)

Details of all modules can be found on MyNottingham

External Exminerships & Validations
2015 - 2017    Examination of the module of Quantitative methods, Undergraduate Foundation (ICC), SOAS, University of London.
2016 - 2016    Validation of the programme of BA Financial Services, Business School, Middlesex, University of London.
2012 - 2015    Examination of quantitative modules for Undergraduate Foundation programme of City University.
2011 - 2015    Examination of various modules for Undergraduate and Graduate Foundation programmes, UEA

International Collaborations, Organisation & Contributions
2017 - 2017    External examiner on the PhD thesis, entitled 'FDI, privatisation, corruption and economic growth in Egypt', by Eman Mostafa of Kingston University
I am currently supervising the following Research Students:

Yuan Zhao

Publications from 2005 to the present day

Journal Articles

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, forthcoming 2018.

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.

Discussion Papers

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



Nottingham University Business School

Jubilee Campus

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