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Kai Li (李 凯)

Chair Professor of Finance

PBC School of Finance, Tsinghua University

Kai Li is a Chair Professor of Finance at the PBC School of Finance, Tsinghua University. He is a recipient of the National Natural Science Foundation of China (NSFC) Young Scientists Fund (Category A, formerly the NSFC Distinguished Young Scholars) and the inaugural National Finance Distinguished Scholar Award. His research spans macro finance, asset pricing, leasing finance, green finance, and the Chinese financial market. His research centers on a macro-finance theoretical framework that captures the feedback mechanisms between the macroeconomy and financial markets. In particular, he has established a systematic research program in leasing finance, uncovering the critical role of leasing markets in risk sharing, capital allocation efficiency, and macroeconomic stability. His work has been published in leading journals, including the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Journal of Monetary Economics, among others. His research on green finance has been recognized as a highly cited paper in the Journal of Finance and has received the Western Finance Association (WFA) Best Paper Award in Empirical Finance and the Amundi-ESSEC ESG Prize, among other honors. He currently serves as an Associate Editor for China Economic Quarterly (Chinese), Journal of Banking and Finance, Review of Asset Pricing Studies, Economics Letters, and other journals. 

Research Fields:

Macro Finance

Asset Pricing

Leasing Finance

Green Finance

Chinese Financial Markets 

Mailing Address: 

Room 1-520, PBC School of Finance, Tsinghua University

Haidian District, Beijing

P.R. China, 100083

Phone: +86 10 62794103

Email: 

kaili@pbcsf.tsinghua.edu.cn

kaili825@gmail.com