Next Steps


HKUST Business School Faculty Team


is Associate Professor at HKUST. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen.  Professor Nielsen previously taught at The Chinese University of Hong Kong and Copenhagen Business School, and has been a visiting scholar at Stern School of Business at New York University.

Professor Nielsen’s research interests are corporate governance, entrepreneurial finance, family business, and household finance.  His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal.

On his area of expertise Professor Nielsen has served as an external advisor, consultant, and lecturer to government agencies and companies in China, Denmark, and Hong Kong.


Professor Jialin Yu is Associate Professor of Finance at the Hong Kong University of Science and Technology. Before joining HKUST, he was an associate professor at the Graduate School of Business at Columbia University. He has been a visiting associate professor at Princeton University. He holds Ph.D. degree in Economics from Princeton University, and bachelor degree in Economics from Fudan University.


Professor Yus research focuses on investments, behavioral finance, and Asian financial markets. His research articles have been published in the American Economic Review, Journal of Finance, Journal of Financial Economics, among others. His research was cited in the scientific background of the 2013 Nobel Prize in Economic Sciences. His research has received grants and awards from Morgan Stanley, KPMG, Hong Kong government, among others. He has received recognition of excellent teaching and honor in MBA teaching from HKUST.



is Professor of Finance at HKUST. He received his Master in Business Administration from the University of Delhi and a Doctor of Philosophy in Finance from the University of Pittsburgh where he was a Research Fellow at the ‘Center for the Study of Contracts and the Structure of Enterprise’.

Professor Goyal’s research interests are in empirical corporate finance, with an emphasis on capital structure and corporate governance. His research papers have been published in the Journal of Finance, Journal of Financial Economics, Journal of Business, Journal of Financial Intermediation, Finance Research Letters, Journal of Corporate Finance and the Pacific Basin Finance Journal. He has extensive teaching experience and won numerous teaching awards including the Michael G. Gale Gold Medal for Distinguished teaching, the Franklin Prize for teaching excellence and the best MBA core teacher award.


is Associate Professor of Business Education at HKUST and the Project Director for the HKUST-NYU Stern MSc in Global Finance.  She received her MSc in Business Management from HEC and Masters in International Law from La Sorbonne.

Professor Lafon-Vinais is a seasoned market professional with over 20 years of banking and capital markets experience. Her extensive experience included loan syndications and assets sales (par and distressed debt), money markets, debt capital markets (including derivatives structured products distribution) and structured, trade and project in all the major financial markets in Europe, North America and Asia

A loans and syndications specialist, Professor Lafon-Vinais developed the secondary market for loans at First Chicago in London and was involved in the development of the EMTN market at its inception. She arranged and syndicated plain vanilla and structured transactions in Europe, the US and Asia for sovereign, public and corporate entities including the Kingdom of Spain, Republic of Ireland, ICO, ARCO Chemicals, Sinopec, COSCO, Cathay Pacific, FECSA, Endesa, Motorola and numerous financial institutions.


Xi Li is a professor at HKUST and the Managing Partner of XL Partners.  His research interest includes corporate governance, earnings management and disclosure policy, venture capital, and corporate events including initial public offerings, mergers and acquisitions, and leveraged buyouts.  His research has been published in top academic and practitioner journals.  He has also won various research awards from academic and practitioner associations.

Before joining HKUST, Professor Li worked for Acadian Asset Management and State Street Global Advisors as portfolio manager and senior researcher.  He is a frequent speaker at various industry events and has been working as an external consultant for private and government organization such as CIC and Value Partners. Professor Li has a M.A. in Economics from Tulane and a Ph.D. in finance from Vanderbilt.