Jianing Zhang, Ph.D.


Ph.D. in Finance, Pennsylvania State University, University Park, 2013
Ph.D. in Polymer Science, University of Massachusetts, Amherst, 2008
M.S. in Macromolecular Science, Fudan University, China, 2002
B.E. in Polymer Engineering, Tongji University, China, 1999

Professional Experience

Assistant Professor of Finance, College of Business and Public Management, Wenzhou-Kean University, 2019 – Present
Associate Professor of Finance, School of Finance, Shanghai University of Finance and Economics, 2016 – 2019
Assistant Professor of Finance, School of Finance, Shanghai University of Finance and Economics, 2013– 2016


Originally born in Henan province of China, Prof.  Zhang is currently a U.S. citizen with Chinese permanent resident status. He obtained his Ph.D. in Polymer Science at University of Massachusetts and worked on computer simulations of polymer crystallization and Amyloid aggregation (related to Alzheimer’s disease) for several years. Feeling bored with simulations, he switched his field from polymer physics to finance, and then obtained his second Ph.D. in finance from Penn State University. Dr. Zhang’s research interests mainly focus on mutual funds and other financial institutions. Before joining WKU in 2019, he was an associate professor of finance at SUFE (Shanghai University of Finance and Economics) and taught investments and asset pricings.

Research Interest

Dr. Zhang’s research covers four different areas: fixed income, credit derivatives, mutual funds, and financial technology. The first area is related to the inflation forecast of the embedded option in the Treasury Inflation Protected Securities (TIPS). The second area is related to sovereign credit default swaps (CDS). The third is related to the performance and management of both equity and bond mutual funds. Currently he is exploring the research topics in financial technology (FinTech), especially in the trading of cryptocurrencies.


  • Management of Corporate Finance
  • Introduction to Derivatives
  • Investments
  • Asset Pricing: Theories and Applications
  • Security Analysis and Portfolio Management
  • Senior Thesis

Selected Publications


He, Zhongzhi, Jinqiang Yang, and Jianing Zhang, 2014, “Chapter 7. Hedge Fund,” in Chen, Xuanjuan and Yongming Liu, ed.: Financial Institutions and Risk Management (Truth & Wisdom Press).


Grishchenko, Olesya, Joel Vanden, and Jianing Zhang, 2016, “The Informational Content of the Embedded Deflation Option in TIPS,” Journal of Banking and Finance, 65, 1-26. [SSCI, Impact Factor 2.269]

Pu, Xiaoling and Jianing Zhang, 2012, “Sovereign CDS Spreads, Volatility, and Liquidity: Evidence from 2010 German Short Sale Ban,” Financial Review, 47, 171-197. [Impact Factor 0.760]

Pu, Xiaoling and Jianing Zhang, 2012, “Can Dual-currency Sovereign CDS Predict Exchange Rate Returns?” Finance Research Letters, 9, 157-166. [SSCI, Impact Factor 3.527]

Zhang, Jianing, and Murugappan Muthukumar, 2009, “Simulations of Nucleation and Elongation of Amyloid Fibrils,” Journal of Chemical Physics, 130, 035102 (1-17). [SCI, Impact Factor 2.991]

Zhang, Jianing, and Murugappan Muthukumar, 2007, “Monte Carlo Simulations of Single Crystals from Polymer Solutions,” Journal of Chemical Physics, 126, 234904 (1-18). [SCI, Impact Factor 2.991]

Zhang, Jianing, Zhenli Zhang, Hongdong Zhang, and Yuliang Yang, 2001, “Kinetics and Morphologies of Viscoelastic Phase Separation”, Physical Review E, 64, 051510 (1-10). [SCI, Impact Factor 2.296]