Zhenlong ZHENG, Ph. D.

Professor of Finance,

Department of Finance, Xiamen University

Xiamen, Fujian, 361005, China

Tel.: +86-13906038903

Email: Zlzheng@xmu.edu.cn

URL: http://efinance.org.cn

 

ACADEMIC FIELDS

Asset Pricing, Term Structures, Risk Management

 

Education and Degrees

1.         London School of Economics and Political Science, 2006.2-2006.6, Visiting Research Scholar

2.         The Anderson Graduate School of Management, UCLA, 2000-2001, Visiting Fulbright Scholar.

3.         Xiamen University, 1992-1995, Ph. D., Finance.

4.         Xiamen University, 1987-1989, MA, Finance.

5.         Graduate Economics Training Center at Renmin University of China, which is jointly sponsored by the U. S. Committee on Economics Education and Research in China and the Chinese Committee on Economics Education Exchange with the U.S., 1986-1987.

6.         Xiamen University, 1982-1986, BA, Finance.

 

Positions Held

1.   Member of Discipline Appraisal Group of the Academic Degree Committee of the State Council, People’s Republic of China, 2009-present

2.         Vice Dean of The Wang Yanan Institute for Studies in Economics, XMU, 2005-2008

3.         Vice Dean of the School of Graduate, XMU, 2005-2008

4.         Vice Dean of the School of Economics, XMU,2003-2005

5.         President, Finance Annual conference of China, 2004-2005

6.         Standing Member of Board of Directors, China Finance Association,72004-present

7.         Standing Member of Board of Directors, China Financial Engineering Association, 2003-present

8.         Editor-in-Chief, Quarterly Journal of Finance, 2004-present

9.         Vice President of Fujian Finance Association, 2003-present

10.         Director of the Institute of Securities, XMU, 2002-present

11. Adjunct Professor of Central South University, 2008-present

12. Adjunct Professor of Jiangxi University of Finance and Economics, 2007-present

13.     Head of the Department of Finance, XMU, 2002-2003

14.     Member of Board of Directors, Asia-Pacific Finance Association, 1999-2002

15.     Professor of Finance, Xiamen University, 1998-present

16.     Associate Professor, Xiamen University, 1995-1998

17.     Deputy Director, Institute of Securities Affairs, Xiamen University, 1992-1996

18.     Instructor, Xiamen University, 1990-1995

19.     Assistant Professor, Xiamen University, 1989-1990

     

 

Courses Taught and Research Interests

1.         Asset Pricing

2.         Continuous Time Finance

3.         Financial Engineering

4.         Capital Markets & Investment

5.         Financial Economics

 

Books Chapters

1. Zhengzhenlong, Guojin Chen, et al., Financial System Design and Economic Growth, Beijing: Economic Science Press, 2009

2.         Zheng, Zhenlong, Rong Chen, et al., International Foreign Exchange Derivative Markets: Developments and Lessons, Beijing: Science Press, 2008

3.         Zheng, Zhenlong, and Rong Chen (eds.), Financial Engineering, 2nd Edition, Beijing: Higher Education Press, 2008

4.         Zhang, Yichun, Zhenlong Zheng and Hai Lin (eds.), Financial Market, 3rd Edition, Beijing: Higher Education Press, 2008.

5.         Zheng, Zhenlong (translation), Money, Banking and Financial Markets, Beijing: Beijing University Press, 2006.

6.         Zheng, Zhenlong, and Chaofeng Kang, Pricing and Hedging of Chinese Interest Rate Derivatives, Beijing: Beijing University Press, 2006.

7.         Zheng, Zhenlong, Derivatives, The Press of Wuhan University, 2005.

8.         Lin, Hai, and Zhenlong Zheng, The Term Structure of Interest Rate in China: Theories and Applications, Beijing: China Finance and Economics Pressing House, 2004.

9.         Zheng, Zhenlong, Financial Engineering, Beijing: Higher Education Press, 2003.

10.         Zhang, Yichun and Zhenlong Zheng (eds.), Financial Market, 2nd Edition, Beijing: Higher Education Press, 2003.

11.     Zheng, Zhenlong, and Wen Zhang, Comparative Study on the Regulation of Derivatives Market, Beijing: China Financial Press, 2003.

12.     Zhang, Yichun, and Zhenlong Zheng, Modern Financial Market, Beijing: China Financial Press, 2002.

13.     Zheng, Zhenlong, Brief History of Chinese Securities Market, Beijing: Economic Science Press, 2000.

14.     Zheng, Zhenlong, Feng Jiang, etc., (translation), Applied Corporate Finance, Beijing: Mechanical Industry Press, 2000.

15.     Zheng, Zhenlong, and Jingle Wu (translation), Relative Dividend Yield: Common Stock Investing for Income and Appreciation, Beijing: Mechanical Industry Press, 2000.

16.     Zhang, Yichun and Zhenlong Zheng, Investment: Principles and Techniques, 2nd Edition, Xiamen: Xiamen University Press, 2000.

17.     Zhang, Yichun and Zhenlong Zheng (eds.), Financial Market, Beijing: Higher Education Press, 1999.

18.     Zheng, Zhenlong, On the Asian Financial Crisis, Beijing: Development Press of China, 1998.

19.     Zhang, Yichun, and Zhenlong Zheng, Doctrines of Stock Market, Beijing: Development Press of China, 1998.

20.     Zheng, Zhenlong, Comparative Study on Stock Markets of Various Countries, Beijing: Development Press of China, 1996.

21.     Zhang, Yichun and Zhenlong Zheng, Investment: Principles and Techniques, Xiamen: Xiamen University Press, 1996.

22.     Lu, Jianhua, and Zhenlong Zheng, Comparative Study on Anti-Inflation Policies of Developed Countries, Xi'an: Shaanxi People's Education Press, 1993.

23.     Zheng, Zhenlong, and Xia Huang, Principle of Bank Management, Hong Kong: Hong Kong Business Press, 1993.

24.     Xu, Guihua and Zhenlong Zheng, A Survey of Securities Markets of Various Countries, Shanghai: Fudan University Press, 1992.

25.     Zhang, Yichun, and Zhenlong Zheng, Securities Market and Investment, Beijing: Development Press of China, 1992.

26.     Huang, Baokui, and Zhenlong Zheng, Principle of International Finance, Hong Kong: Hong Kong Business Press, 1992.

27.     Zhang, Yichun, Zhenlong Zheng, etc., Management of China's Financial Organizations, Beijing: Social Science Press of China, 1991.

28.     Zhang, Yichun, Lei Zhao and Zhenlong Zheng, China's Financial Market and Investment, Beijing: Social Science Press of China, 1990.

29.     Zhang, Yichun, and Zhenlong Zheng, Financial Market and Investment, Xiamen: Xiamen University Press, 1990.

30.     Huang, Baokui, Zhenlong Zheng, etc., Comparative Financial Systems, Xiamen: Xiamen University Press, 1989.

31.     Hong, Wenjin, and Zhenlong Zheng (translation), Money, Banking, and the Economy, Shanghai: Joint Publishing, 1988.

 

Papers:

1. Masudur Rahman, M., Laila Arjuman Ara, and Zhenlong Zheng, Jump, Non Normal Error Distribution and Stock Price Volatility- A Nonparametric Specification Test, The Singapore Economic Review, Mar., 2009. (SSCI indexed)

2. Chen, Rong Chen Liu and Zhenlong Zheng, The Evolution of Australian Foreign Exchange Derivatives Markets and Its Revelations, Journal of Business Economics, Feb., 2009.

3. He, Kaihao and Zhenlong Zheng, Equillibrium in Insurance Market when Insurance Companies are with Information Predominance, Insurance Studies, Jan., 2009.

4. Chen, Rong, Yu Jiang and Zhenlong Zheng, Experience Learned from the Development of Foreign Exchange Derivative Market in Mexico, Comtemporary Finance and Economics, Jan., 2009.

5. Zheng, Zhenlong and Yangshu Liu, Relationship between Stock Index and Incremetns of Stock Market Trading Acounts, in Advances in Business Intelligence and Financial Engineering, Atlantis Press, Paris, (Wen FH,, Yu L., et al. eds.), 2008.  (ISTP Indexed)

6. Chen, Miaoxin and Zhenlong Zheng, The Impact of Short Selling on the Volatility and Liquidity of Stock Markets: Evidence from Hong Kong Market, in Advances in Business Intelligence and Financial Engineering, Atlantis Press, Paris, (Wen FH,, Yu L., et al. eds.), 2008.  (ISTP Indexed)

7. Chen, Miaoxin and Zhenlong Zheng, The Impact of Short Selling on the Markets: Evidence from Global Markets,The Journal of World Economy, Dec., 2008.

8. Feng, Ling, Zhenlong Zheng and Xiaoshu Liu, The Pricing of Illiquid Assets and the Reform of Equity Segmentation, Journal of Financial Research, Nov,. 2008.

9. Feng, Ling and Zhenlong Zheng, Empirical Study on Illiquidity Asset Discount:Based on Reform of Equity Segmentation in China, Technology Economics, Nov. 2008.

10. Chen, Rong and Zhenlong Zheng, Experience and Learning in Undergraduate Financial Engineering Teaching, Journal of Xiamen University (Art and Social Science Edition), July, 2008.

11.         Chen, Rong, and Zhenlong Zheng, NDF Market: Challenges and Strategies --Comparisons and Experiences of Global NDF Markets, Studies of International Finance, Sep., 2008.

12. Lin, Hai and Zhenlong Zheng,2008, Discount of Illiquid Asset Value under Utility Indifference Pricing in Proceedings of the International Symposium on Financial Engineering and Risk Management, Universe Academic Press, Toronto, 2008. (ISTP Indexed)

13. Liu, Xiaoshu and Zhenlong Zheng, Empirical Study of Tax - Effect in the Interbank Bond Market, Journal of Business Economics, Sep., 2008.

14.         Chen, Rong, and Zhenlong Zheng, Unbiased Estimation, Price Discovery and Market Efficiency: the Relationship between Futures Prices and Spot Prices, Systems Engineering Theory & Practice, Aug., 2008.

15.         Qin, Hongyuan, and Zhenlong Zheng, The Correlation Research of Main Chinese Stock Indices Based on Multivariate Dynamic Model, Business Economy, April, 2008.

16.         Zheng, Zhenlong, and Kaihao He, A Non-Expected Utility Model Based on Info-modification, Contemporary Finance and Economics, April, 2008.

17.         Chen, Miaoxin, and Zhenlong Zheng, The Impact of Short Selling Margin Adjustments on Volatility of the Markets: Evidence from TaiWan Market, Research on Financial and Economic Issues, Mar., 2008.

18.         Chen, Miaoxin, and Zhenlong Zheng, The Effect of Short Sale Constraint Removal on Volatility of the Stock Markets, Securities Market Herald, Feb., 2008.

19.         Feng, Ling, and Zhenlong Zheng, The Influence of Marketability of Illiquid Assets on Asset Prices, Journal of Xiamen University, Jan., 2008.

20.         Lin, Hai, and Zhenlong Zheng, Impact of Short Sale Constraints on Pricing of Restricted Stock, Proceedings of 2007 CISSE conference (ISTP Indexed).

21.         Chen, Rong, and Zhenlong Zheng, Does Futures Market Have the Function of Price Discovery, Studies of International Finance, Sep., 2007.

22.     Qin, Hongyuan, and Zhenlong Zheng, Option Pricing with Transaction Costs under CEV Model, South China Journal of Economics, Sep., 2007.

23.     Liu, Xiaoshu, and Zhenlong Zheng, Test the forecast ability of VaR models, Contemporary Finance and Economics, Aug., 2007.

24.     Zheng, Zhenlong, and Kaihao He, Subjective Expected Utility Model in Insurance Pricing, Financial Review, June, 2007.

25.     Zheng, Zhenlong, and Lei Zhang, Dynamic Correlation Research between Main Chinese Stock Indices, Journal of Xiamen University, Mar., 2007.

26.     Zheng, Zhenlong, and Lei Zhang, Dynamic Conditional Correlation Analysis between Stock Price and Interest Rate, Business Economics and Administration, May, 2007.

27.     Zhang, Lei, and Zhenlong Zheng, Index Portfolio VaR Model and Model Tests, Journal of Shanxi Finance and Economics University, May, 2007.

28.     Lin, Hai, and Zhenlong Zheng, Term structure of interest rate: Selected literature review, Journal of Management Sciences in China, Feb., 2007.

29.     Zheng, Zhenlong, and Baohe Wang, The Option Analysis of Equity Segmentation Reform, Studies of Finance, Dec., 2006.

30.     Lin, Hai, and Zhenlong Zheng, Effect of Convertible Bonds Issuing on Stock Value in China, Business Economics and Administration, Oct., 2006.

31.     Zheng, Zhenlong, and Ming Li, A Discussion on an Actuarial Theory about the Doubled Decrement Environment, Journal of Xiamen University, Feb., 2006

32.     Zheng, Zhenlong, and Chaofeng Kang, Theoretical and Empirical Analysis of Convertible Bond’s Time Value, Journal of Xiamen University, Jan., 2006

33.     Ma, Xide, and Zhenlong Zheng, The Mean Reversion Process of Beta, Industrial Technology & Economy, Jan., 2006.

34.     Zheng, Zhenlong, and Chaofeng Kang, On Pricing of Callable Bonds and Puttable Bonds Issued by China Development Bank, Securities Market Herald, Dec., 2005

35.     Zheng, Zhenlong, and Baohe Wang, Value at Risk Based on Extreme Value Theory, Quarterly Journal of Finance, 2005.

36.     Lin, Hai, and Zhenlong Zheng, Modeling the Dynamics of Chinese Interest Rates, Research on Financial and Economic Issues, Sep.,2005.

37.     Zheng, Zhenlong and Chaofeng Kang, Measuring Interest Rate Risks of Option Embedded Bonds, Finance Forum, Aug., 2005.

38.     Chen, Rong, Zhenlong Zheng and Linchan Zhang, Financial Derivatives: Risks, Market Malfunction and Public Policy, Shangdong Social Science, Aug., 2005.

39.     Chaofeng Kang, and Zhenglong Zheng, The problem of Chinese convertible bond’ conversion price adjustment term and modification suggestion，Commercial Business and Management, June, 2005.

40.     Chaofeng Kang, and Zhenglong Zheng, Pricing Foreign Exchange Structured Deposits, Studies of International Finance, No.217, May, 2005.

41.     Zheng, Zhenlong and Chaofeng Kang, Convertible Bonds and Market Efficiency in the Chinese Security Market, Contemporary Finance & Economics, May, 2005.

42.     Zheng, Zhenlong and Hai Lin, The Term Structure and Risk Analysis of Folk Finance: Empirical Evidences from ROSCA, Studies of Finance, April, 2005.

43.     Zheng, Zhenlong and Rong Chen, The Interrelations of Finance and Economics, Economic Perspectives, Feb., 2005.

44.     Zheng, Zhenlong and Hai Lin, Optimal Decision-Making of Issuers of Convertible Bonds,Research on Financial and Economic Issues,Nov.,2004.

45.     Zheng, Zhenlong, Lin Yu, and Rui Zhang, Effects of the Restriction of Short Selling on the Stock Market, Journal of Hebei University of Economics and Trade, Nov., 2004.

46.     Lin, Hai and Zhenlong Zheng, Sensitivity Test and Clause Designation of Convertible Bonds, the Banker, Nov., 2004.

47.     Lin, Hai and Zhenlong Zheng, An Empirical Analysis of the Liquidity Premium of Interest Rate in China, Wuhan Finance Monthly, Sept., 2004.

48.     Zheng, Zhenlong and Hai Lin, The Decomposition and Pricing of Options from Bank’s Assets and Liabilities, Studies of Finance, April, 2004.

49.     Zheng, Zhenlong and Hai Lin, The Pricing of Convertible Bonds in China, Journal of Xiamen University, April 2004.

50.     Zheng, Zhenlong, and Chaofeng Kang, Stochastic Dominance Test on the Efficiency of China’s Convertible Bonds Market, Contemporary Finance and Economics, March, 2004.

51.     Mohammad Masudur Rahman, Zhenlong Zheng, Laila Arjuman Ara,The Trade Performance of Bangladesh in Clothing, China-USA Business Review, Mar.,2004, Vol.3, No.3.ISSN 1537-1514.pp.1-8.

52.     Ma, Xide, Zhenlong Zheng, and Boahe Wang, Empirical Evidences on the movements of Beta, Journal of Xiamen University, Aug., 2003.

53.     Lin, Hai and Zhenlong Zheng, Dynamic Behavior of Interest Rate in China, Chinese Business Review, N0v. 2003, Vol. 2, No.4.

54.     Zheng, Zhenlong and Hai Lin, Research on the Default Risk Premium in China, Securities Market Herald, Nov., 2003.

55.     Zheng, Zhenlong and Hai Lin, Static Approximation of China’s Interest Rate Term Structure, Wuhan Finance, Mar., 2003.

56.     Zheng, Zhenlong and Wen Zhang, Comparative Study on the Institute Structure of Financial Regulation, The Journal of World Economy, Dec., 2001.

57.     Zheng, Zhenlong, and Hai Lin, The Revolutions of Theories on Financial Markets, Contemporary Finance & Economics, Nov., 2001.

58.     Zheng, Zhenlong, and Hai Lin, Newly Development in the Finance Theory and Practice in the developed Countires, Fujian Finance, Sept., 2001.

59.     Zheng, Zhenlong, and Hai Lin, Law and Investors Protect: International Comparison, Fujian Forum, Aug., 2001.

60.     Zheng, Zhenlong, and Hai Lin, Theoretical Analysis of Deposit Insurance, Economic Issues in China, Feb., 2001.

61.     Zheng, Zhenlong and Kongliang Jiang, Can IMF be the International Last Resort? Modern Finance and Economics, Sept. 2000.

62.     Zheng, Zhenlong, and Hai Lin, The Paradox of China’s Stock Market Development, The Journal of World Economy, Aug., 2000.

63.     Zheng Zhenlong and Kongliang Jiang, An Analysis of China’s Last Resort System, Forum of City Finance, July, 2000.

64.     Zheng, Zhenlong, Comparative Study on the Required Reserve System in Emerging Countries, Forum of City Finance, June, 2000.

65.     Lin, Hai and Zhenlong Zheng, Contractual Analysis of Bank Regulation, Studies of Finance, Feb., 2000.

66.     Zheng, Zhenlong, The Causes of Financial Crises in New Market Economies, Modern Economics Science, January 1999.

67.     Zheng, Zhenlong, Eight Major Causes of Banking Crises in Developing Countries, The Journal of World Economy, November 1998.

68.     Zheng, Zhenlong and Jingyue Wu, Research on Spread Mechanism of Financial crises, China Industrial Economy, November 1998.

69.     Zheng, Zhenlong, Comparative Study on Reserve Requirement Systems of Developed Countries, International Finance, October 1998.

70.     Zheng, Zhenlong, A Currency Crisis Forecasting and Warning System: Theory and Practice, Quantitative and Technical Economics, September 1998.

71.     Zheng, Zhenlong and Ning Liu, Did the Currency Board System Serve as Fire Wall against Financial Crisis? World Economics and Politics, September 1998.

72.     Zheng, Zhenlong, Asymmetric Information and financial Instability, Economic Issues in China, No.5, September 1998.

73.     Zheng, Zhenlong, Setting up an Early Warning System of Financial Crisis, Studies of Finance, August 1998.

74.     Zheng, Zhenlong, Coping with Financial crisis: An International Comparison, The Journal of World Economy, August 1998.

75.     Zheng, Zhenlong, The Causes of Financial Crises in Developing Countries, Studies of Agricultural Finance, August 1998.

76.     Zheng, Zhenlong, Comparison of the Three 1990s' Financial Crisis, Investment Research, August 1998.

77.     Zheng, Zhenlong, Comparative Study on Deposit Insurance Systems of Developed Countries, International Finance, July 1998.

78.     Zheng, Zhenlong and Wanbo Zhou, Counter-Crisis Roles of IMF amid the Asian Crisis, Studies of International Finance, May 1998.

79.     Zheng, Zhenlong, Comparative Study on Gross Real-time Settlement Systems of Developed Countries, International Finance, July 1998.

80.     Zheng, Zhenlong, Financial Soundness of Developing Countries, Studies of Finance, February 1998.

81.     Zheng, Zhenlong, Restructuring Fujian's Securities Market, Fujian Reform, February 1998.

82.     Zheng, Zhenlong, Restructuring State-Owned Enterprises Through Listing Companies, Fujian Reform, July 1997.

83.     Zheng, Zhenlong, Relationships between Banking Industry and Securities Industry: Theoretical Analysis and International Comparison, Fujian Finance, August 1996.

84.     Zheng, Zhenlong and Zhiping Luo, Strategic Choice of China's Securities Market: Internationalization, Financial News, April 26,1996.

85.     Zheng, Zhenlong, Comparative Study on Methods to IPO, Wealth, September 1996.

86.     Zheng, Zhenlong, Policy Selection of China's Stock Market, Forum on City Finance, January 1996.

87.     Zheng, Zhenlong, Stock System: Marxist Theory and China's Practice, Economic Issues in China, July 1993.

88.     Zheng, Zhenlong, On the Methods to Select Issuing Price of Common Stock, China's City  Finance, February 1993.

89.     Zheng, Zhenlong, Problems and its Solutions to China's Securities Market, Journal of Xiamen University, July 1992.

90.     Zheng, Zhenlong, Securities Market of New Zealand, Fujian Finance, November 1992.

91.     Zheng, Zhenlong, Development Policy of China's Securities Market, Planning Economy Study, August 1992.

92.     Zheng, Zhenlong, Comparative Study on Shenzhen Sock Market and Shanghai Stock Market, China's City Finance, June 1992

93.     Zheng, Zhenlong, Securities Market of Canada, Forum on International Economy, December 1992.

94.     Zheng, Zhenlong, Securities Market of Korea, Forum on International Economy, October 1992.

95.     Zheng, Zhenlong, Monetary Policies in 1990's: Selection of Western Countries, Guide to International Finance, March 1992.

96.     Zheng, Zhenlong, Securities Market of Taiwan, Forum on International Economy, June 1992.

97.     Zheng, Zhenlong, Specialist System of New York Stock Exchange, Studies of International Finance, March 1992.

98.     Zheng, Zhenlong, Securities Market of Pakistan, Yunnan Finance, October 1992.

99.     Zheng, Zhenlong, Securities Market of Israel, Management Science of Finance, June 1992.

100.     Zheng, Zhenlong, Securities Market of Colombia, Management Science of Finance, April 1992.

101     Zheng, Zhenlong, Securities Market of Belgium, Forum on International Economy, April 1992.

102.     Zheng, Zhenlong, Securities Market of USA, Forum on International Economy, February 1992.

103.     Zheng, Zhenlong, Securities Market of Finland, Management Science of Finance, February 1992.

104.     Zheng, Zhenlong, Securities Market of Philippine, Yunnan Finance, January 1992.

105.     Zheng, Zhenlong, Securities Market of Austria, Management Science of Finance, December 1992.

106.     Zheng, Zhenlong, Securities Market of Japan, Forum on International Economy, December 1991.

107.     Zheng, Zhenlong, Securities Market of Singapore, Yunnan Finance, November 1991.

108.     Zheng, Zhenlong, Securities Market of Malaysia, Yunnan Finance, October 1991.

109.     Zheng, Zhenlong, Comparative Study on Capital Adequacy of Bank across Countries, Yunnan Finance, November 1992.

110.     Zheng, Zhenlong, Comparative Study on Anti-Inflation Policies of Developed Countries, Forum on International Economy, August 1991.

111.     Zheng, Zhenlong, Foreign Exchange Operation in USA: Goals and Methods, Fujian International Finance, June 1991.

112.  Zheng, Zhenlong, Securities Market of German, Investment and Construction, August 1991.

113.  Zheng, Zhenlong, Securities Market of Indonesia, Yunnan Finance, August 1991.

114.  Zheng, Zhenlong, Securities Market of India, Yunnan Finance, July 1991.

115.  Zheng, Zhenlong, Securities Market of Switzerland, Investment and Construction, July 1991.

116.  Zheng, Zhenlong, Settlement System and Its Risk Controlling System of Japan, Introduce to International Finance, April 1991.

117.  Zheng, Zhenlong, Securities Market of France, Investment and Construction, June 1991.

118.  Zheng, Zhenlong, Securities Market of Thailand, Yunnan Finance, June 1991.

119.  Zheng, Zhenlong, Lessons from Anti-Inflation Policies of Developed Countries, Economic Issues in China, June 1991.

120.  Zheng, Zhenlong, Benefits and Costs of Inflation, Forum of Investment, March 1990.

121.  Zheng, Zhenlong, On Zero-Inflation Policy, Fujian Forum, January 1991.

122.  Zheng, Zhenlong, Against Inflation Policy, Yunnan Finance, January 1991.

123.  Zheng, Zhenlong, Long-Run Relationship between Inflation and Economic Growth, Forum on International Economy, October 1990.

124.  Zheng, Zhenlong, On China's Anti-Inflation Policy, Jiangxi City Finance, October 1990.

125.  Zheng, Zhenlong, Deposit Insurance System of USA, Studies of International Finance, June 1990.

126.  Zheng, Zhenlong, Effects of Inflation, Journal of Xiamen University, September 1990.

127.  Zheng, Zhenlong, Goals of China's Monetary Policy, Forum of Investment, July 1990.

128.  Zheng, Zhenlong, Building Linkage System between Interest Rate and Price Level, Fujian Forum, January 1990.

129.  Zhang, Yichun, and Zhenlong Zheng, Developing China's Financial Market under Tight Monetary Policy, Studies of Finance, December 1989.

130.  Zheng, Zhenlong, The Model of China's Financial Policies, Journal of Xiamen University, April 1989

131.  Zheng Zhenlong, Relationship between Interest Rate and Inflation, Investment and Construction, November 1989.

132.  Zheng, Zhenlong, Comparative Financial Structure, Forum on International Economy, October 1989.

133.  Zheng, Zhenlong, Clearing Some Misunderstandings on Interest Rate", Yunan Finance, August 1989.

134.  Zheng, Zhenlong, Relationship between Interest Rate and Price Level, Fujian Forum, July 1989

135.         Zheng, Zhenlong, Supply of Money, Demand for Money, and Necessary Amount of Money, Yunnan Finance, July 1988.

136.         Zheng,Zhenlong, Behavior Analysis on Lenders in Financial Market, Investment and Construction, April 1988.

137.         Zheng, Zhenlong, Adjustment and Control of Chinas Money Supply, Studies of Finance, March 1989.

138.         Wenjin, Hong, Lei Zhao and Zhenlong Zheng, Possibility and Necessity of Issuing Local Government Bonds, Fujian Forum, March 1988.

139.         Zheng Zhenlong, Debacles and Solutions for Enterprises to Enter Financial Market, Fujian Forum, January 1988. .