Hello, I am Cunyi!

I am a URC Postdoctoral Fellow at HKU Business School, The University of Hong Kong. My research focuses on the Theory and Application of Risk Management in Digital Transformation. I believe that while the continued advancement of digital technologies is inevitable, ensuring that they contribute to human well-being also requires the clear recognition and management of their risks.

Interests

  • Digitalization
  • Risk Management
  • Green Finance

Education

  • Visiting Ph.D. in Finance

    The University of Hong Kong

    Advisor: Dragon Tang

  • Ph.D. in Finance

    Sun Yat-sen University

    Advisor: Yan Zeng

  • M.A. in Finance

    Guangzhou University

    Advisor: Zhenghui Li

  • B.A. in Finance

    Wuhan University of Technology

Skills

R

Python

Matlab

Stata

LaTeX

SELECTED PUBLICATIONS

The Allocative Channel of Digital Transformation: Information Precision and Production-Network Spillovers

Gu, M., Yang, C*.
Journal of Business Research. 2026, 212, 116237

Digitalization of banks and inclusive finance: New insights from cultural industry’s financing constraints

Yang, C., Chen, L., Li, Q., Wu, J.
Financial Review. 2025, 60(1), 71-93

Enterprise characteristics and incentive effect of environmental regulation

Guo, C., Ma, W., Yang, C*., Yang, R.
International Review of Finance. 2025, 25(6), 70032

Climate transition risk and industry returns: The impact of green innovation and carbon market uncertainty

Zhou, Q., Ni, J., Yang, C*.
Technological Forecasting and Social Change. 2025, 214, 124056

Government in the digital age: Exploring the impact of digital transformation on governmental efficiency

Yang, C., Gu, M., Albitar, K.
Technological Forecasting & Social Change. 2024, 208, 123722

ESG ratings and green innovation: A U-shaped journey towards sustainable development

Yang, C., Zhu, C., Albitar, K.
Business Strategy and the Environment. 2024, 33(5), 4108-4129

The impact of fintech on corporate carbon emissions: Towards green and sustainable development

Wang, C., Wang, L., Zhao, S., Yang, C*., Albitar, K.
Business Strategy and the Environment. 2024, 33(6), 5776-5796

OTHER PUBLICATIONS

Industrial Digital Finance Empowering Real Economy Development

Chapter 5
Peking University Press, 2025

Introduction to Digital Finance

Chapter 3
Peking University Press, 2024

RESEARCH PROJECTS

In Progress

  • Research on Financial Digitalization and Financial Risk Governance
    Key Project of the National Social Science Fund (No. 24AZD019)

  • A Statistical Monitoring Study on the Coordination and Balance between Digital Finance Empowerment and Risk
    General Project of the National Social Science Fund (No. 24BTJ039)

  • Research on the Theory and Application of Industrial Digital Finance in Empowering the Real Economy
    Excellent Young Research Team Project of the Guangdong Provincial Natural Science Foundation (No. 2023B1515040001)

  • Research on Insurance Asset Allocation Based on Green Development
    National Natural Science Foundation Project (No. 72371256)

Completed

  • The Crowding-Out Effect of Corporate Financialization on R&D Innovation and Its Motivation
    General Project of the National Social Science Fund (No. 21CTJ013)

  • A Statistical Monitoring Study on Systemic Risks Caused by Corporate Financialization
    Youth Project of the National Social Science Fund (No. 21CTJ014)

HONORS AND AWARDS

Job Market Star, 25th China Economics Annual Conference, 2025

Global Top 100 Young Economists (5 years or less), RePEc/IDEAS Database, 2025

China Excellent Young Scholar Paper Award in Finance, 2025

Top-Ranked Paper, 13th Guangdong Provincial Award for Excellence in Financial Research, 2025

“Outstanding Paper Award” at the 22nd Conference on Financial Systems Engineering and Risk Management (FSERM), 2025

“Outstanding Paper Award” at the 8th Conference on Big Data, Artificial Intelligence, and FinTech, 2025

“Outstanding Paper Award” at the 6th Academic Annual Conference of the Quantitative Finance and Insurance Branch of the CSOOPEM, 2024

Sun Yat-sen University President’s Scholarship, 2024

Lingnan College Outstanding Doctoral Student Scholarship, 2024

National Scholarship for Doctoral Students, 2024

National Scholarship for Master’s Students, 2021

OTHER ACTIVITIES

"Diplomatic Sentiment Index" is a high-frequency geopolitical sentiment dataset built from official diplomatic texts from 15 countries between 2001 and 2026 using a multi-stage LLM pipeline. It supports cross-country and event-based analysis and helps predict geopolitical risk and international capital flows.
Visit DSI Observatory
WDSI
"Digital Risk" is a WeChat public account that Cunyi has operated independently since 2023. It shares current topics, academic literature, calls for papers, and policy updates related to digital economics, digital finance, and risk management. To date, it has attracted over 7,000 followers, published more than 90 original articles, and accumulated over 200,000 total reads.
Digital Risk

SERVICES

Assistant Editor

  • International Review of Finance (link)

Reviewer

  • Applied Economics, Business Strategy and the Environment, China Finance Review International, Economic Modelling, Energy Economics, International Review of Financial Analysis, Review of Development Economics, 《系统工程理论与实践》, etc.

TEACHING EXPERIENCE

Teaching Assistant for “AI and Financial Practice,” Sun Yat-sen University, 2025

Teaching Assistant for “Digital Finance and Insurance,” Sun Yat-sen University, 2024

Teaching Assistant for “Management of New Transformations,” Sun Yat-sen University, 2023

PRESENTATIONS

China FinTech Research Conference (CFTRC)
Shenzhen 2026

China Economic Annual Conference
25th in Shanghai 2025; 24th in Beijing 2024

China Finance Annual Conference
22nd in Nanjing 2025; 21st in Guangzhou 2024; 20th in Beijing 2023

Annual Conference of Financial Systems Engineering and Risk Management
22nd in Wuhu 2025; 21st in Beijing 2024

Greater Bay Area Digital Finance Forum
3rd in Shenzhen 2025; 2nd in Guangzhou 2024; 1st in Guangzhou 2023

Conference on Big Data, Artificial Intelligence, and FinTech
8th in Guangzhou 2025

Frontier Symposium on Autonomous Knowledge System in Digital Finance
1st in Guangzhou 2025

Frontier Symposium on Autonomous Knowledge System in Management
1st in Guangzhou 2025

Annual Conference of the Quantitative Finance and Insurance Section of the Chinese Society of Optimization, Overall Planning and Economic Mathematics
7th in Kunming 2025; 6th in Nanjing 2024; 5th in Wuhan 2023

Quarterly Journal of Finance Forum
3rd in Guangzhou 2025; 1st in Guangzhou 2023

Forum on Big Data Research and Practice
10th in Guangzhou 2024

Annual Academic Conference of the China Information Economics Association
36th in Beijing 2024

Theoretical Foundations of Digital Economy Forum
1st in Beijing 2024

Internet and Digital Economy Forum
6th in Beijing 2024; 5th in Changsha 2023

Risk Management and Financial Statistics Forum
9th in Guangzhou 2024; 7th in Guangzhou 2022; 6th in Xiamen 2021

Annual Conference on Chinese FinTech
7th in Guangzhou 2023

International Conference on Monetary Policy Issues and Challenges for Asian Economies
Online 2021

Annual Conference of Chinese Statistical Society
8th in Chengdu 2021

CONTRIBUTIONS IN CHINESE

发表论文

  • 曾燕, 查佳婧, 杨海生, 杨存奕（通讯作者）, “中国数字普惠金融的发展模式探究：经济与民生的视角”. 《经济研究》, 2024, 59(8), 39–56
    被《新华文摘》《人大复印报刊资料》《国际货币评论》《数字经济与贸易自主知识体系建构报告》转载

  • 廖高可, 杨存奕, 顾明瑞, “数字平台推荐机制、专业化生产与消费者福利”. 《系统工程理论与实践》, 2025, 45(10), 3323-3337

  • 黄哲豪, 杨存奕, 李正辉, “企业金融化: 最优配置, 动机判别与适度区域”. 《系统工程理论与实践》, 2023, 43(6), 1545–1567

工作论文

  • 企业数字化转型的金融支持和路径权衡

  • 从技能偏向到红利共享——数实融合重塑薪酬差距的动态机制探究

  • 如何发展工业企业的生产力？——生产性数字化转型策略与政策

  • 中国金融机构数字化能力的测度与影响研究

  • 专业的回报：文理科互补性及其对城市特性的响应