Wong, Hoi Ying


Title and Position

Professor, Department of Statistics

Associate Dean (Student Affairs), Faculty of Science

Director, MSc in Risk Management Science

The Chinese University of Hong Kong

Academic Background

PhD, MPhil (HKUST) 

Research Interest

Derivatives Pricing,

Interest Rate Modeling,

Financial Risk Analysis  

Official homepage

Selected Publications

Book/ Book Chapter:


[1] N.H. Chan and H.Y. Wong (2015). Simulation Techniques in Financial Risk Management (2nd Edition), Wiley, New York. Online materials. [Book Review of JASA (2007) for the first edition pp758-759].

[2] N.H. Chan and H.Y. Wong (2013). Handbook of Financial Risk Management: Simulations and Case Studies, Wiley, New York. Online materials.

[3] H.Y. Wong (2008). "Structural Models of Corporate Credit Risk", Encyclopedia of Quantitative Risk Assessment and Analysis, Melnick, E. and Everitt, B. (eds). John Wiley & Sons Ltd, Chichester, UK, 1707-1711.

[4] Y.K. Kwok, K.S. Leung and H.Y. Wong  (2012). "Efficient Options Pricing Using the Fast Fourier Transform", Handbook of Computational Finance, J.C. Duan et al. (eds). Springer Handbooks of Computational Statistics (DOI 10.1007/978-3-642-17254-0_21), 579-604.

Journal Articles (partial):

Refereed Proceeding Articles (partial):

  • H.Y. Wong and K.Y. Lau. "Quanto Pre-washing for Jump Diffusion Models", Recent Advances in Financial Engineering: Proceedings of the 2008 Daiwa International Workshop on Financial Engineering, edited by M. Kijima, K. Tanaka, Y. Muromachi & M. Egami., 2009.
  • J. Zhao and H.Y. Wong. A Numerical Method for American Option Pricing under CEV. Proceeding of IASTED conference on Financial Engineering and Applications, MIT, USA: ACTA Press, 2006.
  • H.Y. Wong and K. L. Li. On Bias of Testing Merton's ModelProceeding of IASTED conference on Financial Engineering and Applications 9 pgs.  Alberta, Canada: ACTA Press, 2004.

 Working Papers (partial):

Professional Service

  • Associate Editor, International Journal of Theoretical and Applied Finance, 2005 -
  • Associate Editor, SIAM Journal on Financial Mathematics, 2016 -
  • International Program Committee, IASTED International Conference on Financial Engineering and Applications, 2003, 2004, 2006 and 2007
  • Reviewer for Mathematical Reviews of the American Mathematical Society
  • Steering Committee, Hong Kong Consortium of Quantitative Finance


(Fall 2017)

  • RMSC4007: Risk Management with Derivatives Concepts
  • RMSC4202: Practicum
  • RMSC5003: Risk Measures (MSc course)

(Spring 2018)

  • RMSC4001: Simulation Techniques to Risk Management and Finance
  • RMSC4202: Practicum

Graduate Students

Awards Received by His Graduate Students

Research Grants

Invited Talks


  • Vice-Chancellor's Exemplary Teaching Award of CUHK 2015.
  • Exemplary Teaching Awards, Faculty of Science, CUHK: 2006, 2009, 2011, 2015.
  • Outstanding Services Award, Department of Math, HKUST.
  • The Best Teaching Assistant Awards (twice), Department of Math, HKUST.
  • Sir Edward Youde Memorial Fellowships (twice).
  • Scholastic Award, HKBU.

  Useful Links

Default Risk Modeling

European Journal of Operational Research

Financial Mathematics

Finance and Stochastics

Hong Kong Monetary Authority

Insurance: Mathematics and Economics

International Journal of Theoretical and Applied Finance

Journal of Banking and Finance

Journal of Economic Dynamics and Control

Journal of Empirical Finance

Journal of Finance

Journal of Financial Economics

Journal of Risk and Insurance

Mathematical Finance

Quant Code

Quantitative Finance

Review of Derivatives Research

Review of Financial Studies

Risk Analysis: An International Journal

SIAM Journal on Financial Mathematics

Contact Information

Address: Department of Statistics
Room G20, G/F., Lady Shaw Building
The Chinese University of Hong Kong
Shatin, New Territories, HONG KONG

Phone: (852)-3943 8520

Fax: (852)-2603 5188

Email: hywong [at] cuhk.edu.hk