Basic situation Ling Aifan: Chief Professor of Finance of Jiangxi University of Finance and Economics, PhD supervisor, director of the Financial Technology and Regulatory Research Center of Jiangxi University of Finance and Economics, and former deputy dean of the School of Finance of Jiangxi University of Finance and Economics. He received a PhD in Science from Xi’an Jiaotong University, a postdoctoral fellow at the Chinese Academy of Sciences, a visiting scholar at the National University of Singapore, and a visiting scholar at Columbia University Business School. Jiangxi Province Double Thousand Plan Financial Leader, Jiangxi Province Young Jinggang Scholar. He is mainly engaged in financial engineering and risk management, asset pricing, corporate finance theory, systemic risk management, etc., in the Journal of Economics and Dynamic Control, European Journal of Operational Research, Journal of Management Science, System Engineering Theory and Practice, etc. More than 30 papers have been published in the journal. Obtained 4 National Natural Science Foundation of China projects and many provincial and ministerial projects.
Educational background 1996.9-2000.7: Jiangxi Normal University, Mathematics, Bachelor of Science 2002.9-2005.7: Nanchang University, Basic Mathematics: Master of Science 2005.9-2008.11: Xi'an Jiaotong University, Computational Mathematics, Doctor of Science Courses Undergraduate courses: financial risk management; financial engineering; introduction to financial technology Postgraduate courses: Financial Mathematics; Financial Stochastic Analysis; Dynamic Optimization and Monetary Policy; Financial Economics; Asset Pricing; Blockchain Principles and Application Design
Research fields (1) Pricing of financial derivatives (2) Robust portfolio decision and fuzzy aversion decision theory (3) DSGE model and its application (4) Systematic risk management (5) Asset pricing (6) Fintech and Blockchain (7) Contract theory
Scientific research results English Journal Papers [15] Aifan Ling (凌爱凡), Jie Sun, Meihua Wang, Robust Multi-period Portfolio Selection Based on Downside Risk with Asymmetrically Distributed Uncertainty Set. European Journal of Operational Research, 2020, 285: 81–95 (SCI, Top in Management science) [14] Aifan Ling (凌爱凡), Jie Sun, Naihua Xiu, X2iaoguang Yang, Robust two-stage stochastic linear optimization with risk aversion, European Journal of Operational Research 256 (2017) 215–229. (SCI, Top in Management science) [13] Aifan Ling (凌爱凡), An inexact non-interior continuation method for semidefinite programming: convergence analysis and numerical results, Numerical Algorithms (2016) 73:219–244, (SCI, Second District in Applied math) [12] Aifan Ling (凌爱凡), Jie Sun, Xiaoguang Yang. Robust tracking error portfolio selection with worst-case downside risk measures, Journal of Economic Dynamics and Control, V39, February 2014(2): 178–207, (SSCI Economics Internationally renowned journals in academics) [11] Aifan Ling (凌爱凡), Le Tang, A Numerical Study for Robust Active Portfolio Management with Worst-case Downside Risk Measure, Mathematical Problems in Engineering, V2014, 1-13, (SSCI/SCI) [10] Le Tang, 2014, Aifan Ling (Ling Aifan), A Closed-Form Solution for Robust Portfolio Selection with Worst-Case CVaR Risk Measure, Mathematical Problems in Engineering V2014, Article ID 494575, 9 pages, (SCI) [9] Aifan Ling (凌爱凡), Chenxian Xu. Robust Portfolio Selection Involving Options under a Marginal + Joint Ellipsoidal Uncertainty Set, Journal of Computational and Applied Mathematics 236: 3373–3393. 2012, (SSCI/SCI, Second District in Applied math) [8] Aifan Ling (凌爱凡), A VNS Metaheuristic with Stochastic Steps for Max 3-Cut and Max 3-Section. Mathematical Problems in Engineering, Volume 2012, Article ID 475018: 1-16, 2012, (SCI) [7] Aifan Ling (凌爱凡), Chenxian Xu, A new discrete filled function method for solving large scale max-cut problems, Numerical Algorithm, 60: 435–461, 2012, (SCI, Second District in Applied math) [6] Aifan Ling (凌爱凡), Chenxian Xu, Approximation Algorithms for MAX RES CUT, Journal of Applied Mathematics and Computing, 2010, vol.33(1-2): 357-374, (SCI) [5] Aifan Ling (凌爱凡), Chenxian Xu A Discrete Filled Function Algorithm Embedded with Continuous Approximation, European Journal of Operational Research 197 (2009) 519–531. (SCI, Top in Management science) [4] Aifan Ling (凌爱凡), Approximation Algorithms for Max 3-Section Using Complex Semidefinite Programming Relaxation, 2009, LNCS 5573, pp. 219–230, (SCI) [3] Yu Li, Aifan Ling (凌爱凡), A Continuous Algorithm Based on A New NCP Function for the Max-Bisection Problem, Chinese Journal of Engineering Mathematics, 2009(5): 781-785. [2] Aifan Ling (凌爱凡), Chenxian Xu A modified VNS Metaheuristic for max-bisection problems, Journal of Computational and Applied Mathematics, 2008, 220 (1-2): 413–421. (SCI, Second District in Applied math ) [1] Ai-Fan Ling (凌爱凡), Cheng-Xian Xu, Feng-Min Xu, A discrete filled function algorithm for approximate global solutions of max-cut problems, Journal of Computational and Applied Mathematics, 2008,V220,(1– 2): 643–660, (SCI, second district in Applied math) Chinese Journal Papers [10] Ling Aifan, Yang Yanjun, have the fund's investment skills improved fund performance? ---- Empirical analysis based on q-factor model, Journal of Management Science, 2020, accepted, to be published. [9] Ling Aifan, Xie Linli, Specific Tail Risk, Systemic Tail Risk, Mixed Tail Risk and Stock Price-Evidence from my country's A-Share Market. 2019, Journal of Management Science, Issue 8. [8] Ling Aifan, Mo Yang Ziyan, Pumping Phenomenon of Open-End Funds in my country, China Management Science, 2018, Issue 9 [7] Ling Aifan, Chen Xiaoyang, B1ack-Litterman portfolio problem embedded with GARCH volatility estimation, Chinese Management Science, 2018, Issue 6 [6] Ling Aifan, Wang Jiaming, Yan Wu, will a good opening have a good closing? Empirical evidence from the Shanghai and Shenzhen 300 stock index futures, Contemporary Finance, 2017, Issue 12. [5] Yan Wu, Xiong Hang, Ling Aifan, Research on year-end performance chasing and risk adjustment behavior of public funds, Finance and Trade Economics, 2016, Issue 9 [4] Ling Aifan, Yang Xiaoguang, Robust LPM Active Portfolio Problem with Multiple Weight Constraints, Journal of Management Science, 2013, Issue 8 [3] Ling Aifan, Yang Xiaoguang, Financial Contagion Issues Based on Google Trends Attention Allocation, Journal of Management Science, 2012, Issue 11 [2] Ling Aifan, Lu Jianglin, Robust Portfolio Selection with Joint Elliptic Uncertain Sets and Probability Constraints, Control and Decision, 2011, Issue 4 [1] Ling Aifan, Lu Jianglin, Consumption and Saving Problems with Habit Formation and Wealth Preference in a Limited Period, System Engineering Theory and Practice, 2011, Issue 1.
Research projects [12] General Project of the National Natural Science Foundation of China: Research on Robust Design and Dynamic Equilibrium Model of Corporate Financing Models under Blockchain Technology, No. 7207098, Execution Time: 2020.09—2024.12, in research. [11] Jiangxi Province Double Thousand Plan Financial High-end Talent Project: Financial Technology, Financial Risk and Supervision, Implementation Time: 2020.1-2023.12. In research. [10] General Project of the National Natural Science Foundation of China: Robust Measurement of Systematic Risks and the Mechanism of Impact on Asset Prices, No. 71771107, Implementation time: 2018.1—2021.12, in research. [9] Jiangxi Province Young Scientist Cultivation Funding Project, execution time: 2015.12-2018.12, completed. [8] The key project of Jiangxi Provincial Department of Education: Systematic risk measurement and its application in the risk warning of financial institutions in our province GJJ150440, 2016.1—2018.12, completed. [7] Jiangxi Natural Science Foundation Project: Research on Dynamic Systematic Risk Measurement and Configuration Based on Robust Optimal Control Method, No.: 20161BAB201026, Execution time: 2016.1—2018.12, completed. [6] National Natural Science Foundation of China: Research on Robust Dynamic Investment Decisions and Financial Contagion under Limited Attention Allocation, No. 71300190, Implementation time: 2014.1--2017.12. Completed. [5] National Natural Science Foundation of China Youth Fund Project: Research on Global Optimization Algorithm for Robust Portfolio Problem Including Transaction Costs, No. 71001045, execution time: 2011.1--2013.12. Completed. [4] The fifth batch of China Postdoctoral Special Funding Project: Limited Attention Allocation and Financial Contagion: Theoretical and Empirical Research, No. 2012T0148, completed. [3] The 48th batch of China Postdoctoral Science Foundation General Funding Projects: Research on Robust Optimal Investment Decisions in Extreme Market Environments, No. 20100480491, completed. [2] The Science Project of Jiangxi Provincial Department of Education: Research on Portfolio Optimization under Uncertain Environment, No. GJJ10114. Completed. [1] The Youth Project of the Natural Science Foundation of Jiangxi Province: the problem of graph division and non-convex quadratic planning and its application in investment decision-making, No. 20114BAB211008, execution time: 2012.1-2014.12. Project leader. completed.
Admissions for PhD and Master's students Graduate students can engage in one of the following research directions (but not limited to) according to their interests: A. DSGE model and its application B. Pricing of financial derivatives B. Systematic risk measurement and financial stability C. Robust investment decision theory and fuzzy aversion model D. Contract theory E. Fintech and blockchain, ICO and digital currency F. Asset pricing theory and empirical research Excellent candidates with professional backgrounds in mathematics, computer and information science, finance, economics, management science and engineering, and control engineering are welcome to apply for their doctoral and master's degree candidates. | 
