Advancing the Understanding and Sophistication of China's Financial Markets
CEIBS-APS Centre for Financial Markets
The CEIBS-APS Centre for Financial Markets
The CEIBS-APS Centre for Financial Markets (CAC) is a premier research centre dedicated to advancing the understanding of Chinese financial markets. Established on 10 February 2026, the Centre addresses the critical gap between the growing global importance of China's financial markets, and the relative paucity of research relating their dynamics to developed market frameworks.
By combining world-class academic rigor with practical market insights and policy engagement, the CAC aims to advance knowledge of Chinese financial markets and their global implications.
Vision
To be China's leading research centre for financial markets.
Mission
The Centre serves as the nexus connecting academia, market practitioners, and policymakers to produce cutting-edge research, facilitate high-level dialogue, and disseminate insights that advance China's financial market sophistication and inform policy decisions.
Built on Excellence
China Europe International Business School
China Depth, Global Breadth
CEIBS is China's leading business school and one of Asia's most prestigious management institutions. Jointly founded in 1994 by the European Union and the Shanghai Government, CEIBS combines European management philosophy with deep Chinese market expertise and boasts a vast global alumni network spanning academia, industry, and government. The school is an ideal institutional home for the Centre's mission.
APS Asset Management
Established in Singapore, 1995
APS Asset Management Pte. Ltd., established in Singapore in 1995, is a leading investment firm with deep, practical expertise in Chinese financial markets and a global perspective.
Distinguished Leadership
Advisory Board
The Centre is guided by a distinguished leadership team and supported by a robust advisory structure.
Co-Chairs
Zhu Tian
Vice President and Co-Dean, CEIBS; Interim Dean; Professor of Economics; Santander Chair in Economics
Wong Kok Hoi
Founder, Executive Chairman and Chief Strategy Officer of APS Asset Management
Advisors
Heng Swee Keat
Chairman, National Research Foundation, Singapore; Director, GIC Board; Former Deputy Prime Minister and Minister for Finance of Singapore
Teh Kok Peng
Chairman, East Asian Institute at the National University of Singapore; Former senior executive at GIC and former Deputy Managing Director of the Monetary Authority of Singapore
Sheng Songcheng
Counselor of the Shanghai Municipal People's Government; President of the China Chief Economist Forum Research Institute; Former Director General of the Financial Survey and Statistics Department at the People's Bank of China and former President of its Shenyang Branch
Ong Chong Tee
Chairman of the Accounting and Corporate Regulatory Authority (ACRA); Member of the GIC Risk Committee; Former Deputy Managing Director (Financial Supervision) at the Monetary Authority of Singapore
Executive Management Team
Centre Director
Wang Renxuan
Assistant Professor of Finance at CEIBS
The Centre's operations are led by its Director, Wang Renxuan, Assistant Professor of Finance at CEIBS, whose research focuses on asset pricing. His career spans both academia and industry, with experience across Europe, the United States, and China.
Research Focus
Using Chinese data to test classical theories on financial markets and develop new market theories based on Chinese findings.
Research on how China's regulatory framework and institutional setup affect asset allocation efficiency in China's financial markets.
Investigating the role and evolution of Chinese assets in the global asset allocation framework, providing new insights for portfolio construction and risk management strategies.
Through rigorous evidence-based research, provide policymakers and market participants with actionable recommendations and insights.
From a global comparative perspective, research the similarities and differences between China and other markets, advancing knowledge in asset allocation and risk management globally.
Activities
Annual Global Tripartite Conference
The Centre will host an annual global conference convening academics, market practitioners, and policymakers for high-level dialogues on critical financial market issues. This event will serve as a key platform for sharing research findings and fostering international collaboration.
CEIBS-APS Prize for Best Paper in Financial Markets
The CAC will produce high-quality academic research to advance understanding of financial market behavior and improve the efficiency of asset pricing. To promote research excellence, the Centre will host an annual academic paper competition, with the top paper receiving this annual prize.
Research Production and Dissemination
The Centre will produce cutting-edge research on asset pricing, risk management, and China-specific financial phenomena. Findings will be published through peer-reviewed journals, executive reports, white papers, and case studies. These insights will be translated into actionable intelligence and disseminated through academic publications, policy briefs, and executive education programs.
Connecting Academia, Industry & Policy
The Centre welcomes inquiries from academics, industry leaders, and policymakers worldwide.
Get In Touch
Join Us
The Center welcomes scholars, practitioners, and policymakers worldwide to engage with us on our mission.
We are actively seeking outstanding researchers who share our vision to join our team.
Contact
For inquiries regarding the Center's research, partnerships, or events, please contact us at: