Hong Ru (茹弘)


Dr. Hong Ru is a Visiting Associate Professor of Finance at MIT Sloan School of Management, while also holding the position of tenured Associate Professor in the Banking & Finance division at Nanyang Business School, NTU​. His research interests include financial intermediary, Chinese economy, corporate finance, and household finance. Ru's research has been published at top academic journals including Journal of Accounting and Economics, Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance, and Management Science. Ru is the Data Editor for the Journal of Finance. Ru also presented his research at many conferences including AFA, EFA, NBER, SFS Cavalcade, and received best paper awards and research excellence award multiple times. His research has been widely covered by media, such as INFORMS Resoundingly Human, The Wall Street Journal, The Washington Post, Strait Times, China Daily, NBER Digest, and ABFER Digest. Ru was the Research Director of the Centre of Excellence International Trading and the Centre for RMB Internalisation Studies in NTU. Ru received his PhD in finance from the MIT Sloan School of Management in 2015, and joined NTU as an Assistant Professor. Ru also graduated from the inaugural class of Master of Finance program at MIT Sloan in 2010.



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.

Bai, Jennie, and Ru, Hong, 2023, Carbon Emission Trading and Environmental Protection: International Evidence, Management Science, Accept

Selected Media CoverageMIT NewsNBERWSJWashingtonPostABFER, VoxChina, Informs Resoundingly Human


Massachusetts Institute of Technology 
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Cambridge, MA 02142