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CFAOC Luncheon Event:  Behavioral Science - Anomalies in Chinese Equity Markets

Event Description

Behavioral Science: 

Anomalies in Chinese Equity Markets

Jason Hsu, Ph.D

Founder and CIO

Rayliant Global Advisors

Which factors have worked since the opening of China's stock markets two decades ago? Jason Hsu will explain his team's findings from their research that applied well-studied factor strategies from the US equity anomalies literature to Chinese A-shares.

Jason reconciled conflicting results from the prior A-shares anomalies literature and will explain differences between US and Chinese factor investing experiences based on unique features of China's evolving investing landscape including:

  • Issues related to regulation
  • Financial reporting standards
  • Differences in market microstructure
  • Investor behavior
The research also demonstrates ways in which a deep institutional knowledge of Chinese financial markets leads to more effective investment strategies through factor design and portfolio construction tailored to novel features of A-shares.To be included, the companies must derive their profits from Ecommerce or Internet activities and include search engines, online retail, social networking, online video, e-payments, online gaming and online travel.
Jason Hsu, Ph.D.
Chairman and CIO
Rayliant Global Advisors
Co-founder and Vice Chairman, Research Affiliates
Professor in Finance, UCLA Anderson School

Jason is founder and CIO of Rayliant Global Advisors, a Hong Kong-based investment management group specializing in Quantamental investment strategies targeting emerging markets, especially Greater China.  Jason also co-founded Research Affiliates, a $150B investment manager specializing in Smart Beta indices and asset allocation.

Jason sits on the editorial board of the Financial Analyst Journal, the Journal of Investment Management, the Journal of Investment Consulting and the Journal of Index Investing. Jason is also an adjunct professor in finance at UCLA, and a visiting professor at Tsinghua University in China, Kyoto University in Japan and National Chengchi University in Taiwan.

Jason authored more than 40 journal articles and is a contributing author on 8 handbooks in finance and economics. Jason has won 2 Graham and Dodd Scroll Award awarded by the CFA Institute, 2 Bernstein/Fabozzi-Jacob/Levy Outstanding Research Award and 3 William Sharpe 

Event Type


Education Topic

Behavioral Finance

Start Time

3/16/2018 11:30 AM

End Time

3/16/2018 1:30 PM


Newport Beach



Event Country

United States

Event Region


Location Info

​The Pacific Club

4110 MacArthur Blvd.

Newport Beach, CA 92660


Jason Hsu, Ph.D.

CE Credits


SER Credit




Member Price


Non-Member Price


Candidate Price



All Day Event





Content Type: MyCFA Calendar
Created at 2/22/2018 10:12 PM by
Last modified at 2/22/2018 10:19 PM by