Hong Ru (茹弘)


Dr. Hong Ru is an Associate Professor (with tenure) of Banking & Finance division in Nanyang Business School in NTU. His research interests include financial intermediary, Chinese economy, corporate finance, and household finance. Dr. Ru's researches have been published at top academic journals including Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, and Management Science. Dr. Ru also presented his researches at many conferences including AFA, EFA, NBER, SFS Cavalcade, and received best paper awards and research excellence award multiple times. His researches have been widely covered by media, such as INFORMS Resoundingly Human, Wall Street Journal, Washington Post, Strait Times, China Daily, NBER Digest, and ABFER Digest. Dr. Ru is also the research director of the Centre of Excellence International Trading (CEIT) in NTU and was the research director of the Centre for RMB Internalisation Studies (CRIS) in NTU. Dr. Ru received his Ph.D. in finance from the MIT Sloan School of Management in 2015, and joined NTU as an Assistant Professor.




Selected Publications:

Ru, Hong, 2018, Government Credit, a Double-Edged Sword: Evidence from the China Development Bank, Journal of Finance 73.1, 275-316.

Gao, Haoyu and Ru, Hong and Tang Dragon Yongjun, 2021, Subnational Debt of China: The Politics-Finance Nexus, Journal of Financial Economics, 141.3881-895

Ru, Hong and Yang, Endong and Zou, Kunru, 2021, Combating the COVID-19 Pandemic: The Role of the SARS Imprint, Management Science, 67.9, 5606-5615 (Podcast of INFORMS (Institute for Operations Research and the Management Sciences))

Gao, Haoyu and Ru, Hong and Yang, Xiaoguang, 2022, The Informational Role of Ownership Networks in Bank Lending, Journal of Financial and Quantitative Analysis, 57.8, 2993-3017

Ru, Hong and Zou, Kunru, 2022, How Do Individual Politicians Affect Privatization? Evidence from China, Review of Finance, 26.3, 637-672.


Division of Banking & Finance
Nanyang Business School 
Nanyang Technological University
S3-B1A-07, 50 Nanyang Avenue
Singapore 639798

Tel: (65) 6790-4661 GMT+8h | Fax: (65) 6791-3236 | Email: hongrucn@icloud.com