Education

1999.9–2002.7  Ph.D., Management, Renmin University of China

1996.9–1999.7  Master, Management, China Agricultural University

1991.9–1995.7  Bachelor, Agronomy, Qingdao Agricultural University

Working Experiences

2012.11-2013.5 Senior Visiting Scholar, Wharton School, University of Pennsylvania

2011.8-present Professor, Department of Finance, Renmin Business School, Renmin University of China

2007.9-2011.7 Associate Professor, Department of Finance, Renmin Business School, Renmin University of China

2006.8-2007.7  Visiting Scholar, Department of Economics, Brown University

2005.8-2007.8  Associate Researcher, The Institute of Trade and Finance Economics, Chinese Academy of Social Sciences

2002.7-2005.7  Assistant Researcher, The Institute of Trade and Finance Economics, Chinese Academy of Social Sciences

Real estate finance and economics, household finance, behaviour finance, climate finance urban economics

Real Estate Finance (for Undergraduates/Master-Doctor Students)

Financial Market and Financial Institute (for Undergraduates)

Finance (for Undergraduates)

Academic Writing (for Undergraduates)

Introduction to Financial Management (for Undergraduates)

Papers

Academic Articles

1. Agarwal, Sumit, Yanhao Ding, Weida Kuang Xiao Zhu, “Are Environmental Punishments Good News or Bad News? Evidence from China”, Journal of Environmental Economics and Management, online available, July 8 2023.

2. Yongqiang Chu, Weida Kuang, Daxuan Zhao, Xiaoxia Zhou, Inside Job: Evidence from the Chinese Housing Market, Journal of Policy Analysis and Management, Journal of Policy Analysis and Management, 2024;43:214-233.

3. Agarwal, Sumit, Weida Kuang, Long Wang, Yang Yang, “The Role of Agents in Fraudulent Activities: Evidence from the Housing Market in China”, Journal of Urban Economics, R&R, 2024.

4. Kuang,Weida, Chunlin Liu, Qun Wu and Hongchao Zeng, “How do Interest Rate Changes Affect Mortgage Curtailments? Evidence from China”, Real Estate Economics, September, 2021, 49(S2): 395-427.

5. Kuang,Weida, Tao Li and Jiangjian Xiao, “Housing Prices and Household Savings: Evidence from Urban China”, Economic and Political Studies, 2020, 8(1): 96-114.

6. Kuang,Weida Changyu Chen and Qilin Wang, “Home Purchase Restriction, Real Estate Investment, and Corporate Innovation”, Frontiers of Business Research in China, 2020, Vol.14, No.4, pp.519-539.

7. Kuang,Weida and Wang, Qilin, “Cultural Similarities and Housing Market Linkage: Evidence from OECD Countries”, Frontiers of Business Research in China, 2018, Vol.12 (2):101-125.

8. Kuang,Weida and Liu, Peng, “Inflation and Housing Prices: Theory and Evidence from 35 Major Cities in China”, International Real Estate Review, 2015,Vol.18(2):217-240.

9. Kuang Weida and Li, Xiaowei, “Does China Face A Housing Affordability?” International Journal of Housing Markets and Analysis, 2012, Vol. 5 (3):272-288.

10. Li, Xiaowei and Kuang Weida, “Prepayment Behavior of China's Mortgage Borrowers: Evidence from the Loan-Level Data”, International Journal of Housing Markets and Analysis, 2012, Vol.5 (1):71-88.

11. Kuang Weida and Yu, Jiawei, “Education Attainment Gap and Mortgage Risks-Evidence from Default Cost and Finanical Literacy”, Jilin University Journal Social Sciences Edition, 2023, 1:100-118.

12. Kuang Weida, Ding, Yanhao, Zhang, Yingfang and Jia, Shijun, “Does Borrower Status Affect Ｒesidential Mortgage Origination?”, Journal of China Soft Science, 2022, 2:39-49.

13. Kuang Weida, Chen, Jing, Yu, Jiawei, “Leading Industry Volatility and Housing Oversupply”, Applied Economic Review, 2022, 2:101-119.

14. Kuang Weida, Zhang, Sihan, Zhang, zhang, “Media Sentiment and Housing Price Volatility”, Economic Theory and Business Management, 2020, 12:56-68.

15. Kuang,Weida and Wang, Xiangjun, “Land Market Volatility, Housing Purchase Restriction and Local Debt Market Risks-Evidence from China’s Chengtou Bond Trade Market”, Journal of China Soft Science, 2019,10:39-49.

16. Kuang,Weida, Wang, Xiangjun and Ge, Yuhao “Aging, Bequest Motive and Housing Price”, Journal of China Soft Science, 2018, 12:44-55.

17. Kuang,Weida, Chen, Jing, Ge, Yuhao, “Wealth Inequality, Supply and Demand Elasticity and Housing Price, Economic Theory and Business Management, 2018, 3:5-15.

18. Kuang,Weida, Wang, Qilin, “Housing Price Volatility, Mortgage and Capital Adequacy”, Finacne Research Journal, 2017,11: 34-48.

19. Kuang,Weida, “Price to Rent Ratio and China’s Urban Housing Bubble”, Economic Theory and Business Management, 2016, 2:46-58.

20. Kuang,Weida, Wang, Yourong and Ma, Haiyun, “Subway Construction and Urban Housing Price Spatial Distribution”, Journal of China Soft Science, 2016, 4:56-69.

21. Kuang, Weida, “China’s Mortgage Delinquency Risks”, Economic Research Journal, 2014, 1:155-168.

22. Kuang, Weida, “The Impact of Property Tax Levy upon Expected Housing Price: Evidence from Questionnaire in Beijing”, The Journal of World Economy, 2013, 6:145-160.

23. Kuang, Weida, “FDI and Housing Price,” Economic Theory and Business Management, 2013, 2:51-58.

24. Kuang, Weida and Li, Tao, “Land Sale Pattern, Land Price and Housing Price”, Journal of Financial Research, 2012, 8:96-110.

25. Kuang, Weida, “Property Tax, Land Price and Housing Price”, Journal of China Soft Science, 2012, 4:25-37.

26. Kuang, Weida, “Property Tax, Market Structure and Housing Price”, Economic Theory and Business Management, 2012, 1:10-19.

27. Kuang, Weida, Zhu, Yong and Liu, Jiangtao, “The Impact of Property Tax upon Housing Price: Evidence from OECD Countries”, Finance and Trade Economics, 2012, 5:121-129.

28. Kuang, Weida, “Housing Price Variation and Urban Household Consumption in China”, The Journal of World Economy, 2011, 10:21-34.

29. Kuang, Weida, “Real Estate Investment, Real Estate Lending and China Economic Growth”, Economic Theory and Business Management, 2011, 1:59-68.

30. Kuang, Weida, “Expectation, Speculation and Urban Housing Price Volatility in China”, Economic Research Journal, 2010, 9:67-78.

31. Kuang, Weida, “Property Tax, Supply and Demand Elasticities, and Housing Price”, Journal of China Soft Science, 2010, 12:27-35.

32. Kuang, Weida, Zhao, Yuhua, “The Linkage of Stock Market and Real Estate Market in China”, Economic Theory and Business Management, 2010, 8:38-44.

33. Kuang, Weida, “Is There A Housing Affordability in China?”, Finance and Trade Economics, 2010, 11:125-130.

34. Kuang, Weida, “The Impact of Interest Rate upon Housing Price”, The Journal of World Economy, 2010, 4:151-160.

35. Kuang, Weida, “The Related Real Estate Industries and Economic Growth in China”, Economic Perspectives, 2010, 2:69-73.

36. Kuang, Weida, “Housing Characteristics, Property Tax and House Prices”, Economic Research Journal, 2009, 4:151-160.

37. Kuang, Weida, “Developing zones and Regional Economic Growth in China”, Finance and Trade Economics, 2009, 10:71-76.

38. Kuang, Weida, “Is There a Bubble in China’s Housing Markets?”, The Journal of World Economy, 2008, 12:3-13.

39. Kuang, Weida, “The Determinants of the State-Level Economic and Technological Development Zones in China”, Finance and Trade Economics, 2008, 12:96-101.

40. Kuang, Weida, “Spatial Competition, Price Collusion and House Prices”, The Journal of World Economy, 2006, 1:61-67.

Book

Real Estate Economics, Key Postgraduate Textbook of China Social Science, China Social Science Press, November 2010

Land Economics, 8th Edition, Associate Chief Editor, 11th Five-Year National Planning Textbook of High Education, the Distinguished Textbooks of High Education of Ministry of Education of P.R.China, Renmin University Press, August 2020

Land Economics (Teacher Book), Associate Chief Editor, China Renmin University Press, December 2009

Monographs

China Urban Housing Affordability Index, China Social Science Press, June 2020

Real Estate and China’s Macroeconomy, China Economic Publishing House, May 2010

Monopoly, Competition and Regulation-Research on Housing Industry Market Structure in Beijing, Economics and Management Press, May 2003

Key community services

2014/07-present, Director, Asian Real Estate Society (AsRES)

2017/07-present, Director, Global Chinese Real Estate Congress (GCREC)

2013/04-present, Member of American Real Estate and Urban Economics

2012/10-present, Director, China International Economics Association

2019/03-present, Committee Member of Housing and Real Estate Institute of Ministry of Housing and Urban-Rural Development of P.R.China

2019/09-present, Vice Director, Committee of Urban Public Economics and Policy of China Urban Economics Association

2008/06-2021/06, Executive Director, The Center for Real Estate Research, Renmin University of China

2017/09-present, Director, the Center for Urban and Real Estate Research, National Development and Strategy Institute of Renmin University of China

Honors and Awards

2010  Housing Price and Chinese Residents’ Consumption was awarded the second prize for outstanding papers by China Institute of Real Estate Appraisers and Agents and China Association of Real Estate Academicians;

2010-2011  Outstanding Class Advisor of Renmin University of China;

2011  New Century Excellent Talents in University (a program sponsored by Ministry of Education to cultivate leading scholars in China);

2012  The Residential Mortgage Default Risk in China, Best Paper Award, 17thJoint International Conference of Asian Real Estate Society (AsRES) & American Real Estate and Urban Economics Association (AREUEA);

2012-2013  Outstanding Teacher of Renmin University of China;

2017/06,  Outstanding Young Scholar of Renmin University of China;

2020/12,  The Residential Mortgage Delinquency Risks in China, The 3rd Prize, The 8th Outstanding Achievement Award in Scientific Research (Humanities and Social Sciences) of the Ministry of Education of P.R.China.

Other Appointments

2017/06-present, Member of Committee of China Urban Scholars

2017/10-present, Member of 30 Outstanding Scholars of China Real Estate Forum

2020/08-present, Member of 100 Outstanding Young Scholars of China City Forum

Referee for Journal of Real Estate Finance and Economics, Housing Studies, Economic Research Journal, Quarterly Journal of Economics, The Journal of World Economy, Journal of Financial Research, Journal of Management World

Projects

2023/01-2027/12 The Major Program of National Social Science Foundation of China (NSSFC), The Economic and Financial Risks Caused by Housing Price Volatility (Grant No. 22&ZD130)

2017/01-2020/12, The Important Program of National Natural Science Foundation of China (NNSFC), Interest Rate Volatility, Loan Discrimination and Residential Mortgage Default Risk (Grant No. 71673284)

2017/01-2019/12, The Major Research Funds of Renmin University of China, Political Tournament, Land Revenue Volatility and Local Debt Risks ( Grant No. 17XNL007)

2014/01-2017/12, The Important Program of National Natural Science Foundation of China (NNSFC), Housing Price Volatility and Residential Mortgage Default Risk (Grant No. 71373276)

2015/11-2016/06, Program of Beijing Housing Provident Fund Loan Guarantee Center, Credit Rating Model Optimization of Beijing Residential Mortgage Loan

2009/01-2011/12, The Important Program of National Natural Science Foundation of China (NNSFC), Impact of Property Tax on House Prices (Grant No.70873129)

2007/06-2008/06，Research Fellowship of Lincoln Institute of Land Policy, Developing Zone and Regional Economic Growth in China.

Report

2018-present, Annual Report on China Urban Housing Affordability Index

Conference Articles

2023.7.13-2023.7.16, Kuang, Weida, Ding, Yanhao, Does Housing Policy Affect Household Consumption Risk-Evidence from Home Purchase Restriction Policy, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2023.7.13-2023.7.16, Kuang, Weida, Mao, Yuyi, Does Housing Policy Affect Industrial Structure, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2023.7.13-2023.7.16,Ambrose, Brent William; Argarwal, Sumit; Huang, Yuting; Kuang, Weida, Social Status and Credit Misallocation, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2023.7.13-2023.7.16, Kuang, Weida, MA, Haiyun, Local Political Cycle and Local Debt Risks: Evidence from China’s Chengtou Bond Market, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2023.7.13-2023.7.16, Kuang, Weida, Liu, Shijun, Huang, Yehua, Does Housing Regulation Affect Local Debt Risk, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2023.7.13-2023.7.16, Kuang, Weida, Ding, Yanhao, Housing Price, Bequest Motives and Old-Age Financial Support, AsRES-AREUEA Joint Conference, The 27th AsRES Annual Conference, Hong Kong, China.

2022.8.4-2022.8.7, Kuang, Weida, Huang, Yiqi, Does home seller marriage matter? Evidence from China's housing resale market, AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2022.8.4-2022.8.7, Huang, Yehua; Kuang, Weida; Zhao, Daxuan, Credit Risk of Political Incentives: Evidence from a Regression Discontinuity Design, AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2022.8.4-2022.8.7, Hu, Maggie Rong; Kuang, Weida; Li, Xiaoyang; Shi, Yang, Seeing is Believing: The Impact of Buyers’ Onsite Viewing Activities on Housing Transactions, AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2022.8.4-2022.8.7, Huang, Yuting; Kuang, Weida, Disguised credit misallocation: Evidence from housing provident fund, AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2022.8.4-2022.8.7, Kuang, Weida; Yu, Jiawei, Does Education Attainment Matter For

Mortgage Risks? AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2022.8.4-2022.8.7, Hu, Maggie Rong; Kuang, Weida; Li, Xiaoyang; Shi, Yang, PropTech Interface Induced Bias and Housing Investments, AsRES-AREUEA Joint Conference, The 26th AsRES Annual Conference, Tokyo, Japan.

2021.7.18-2021.7.21, Agarwal, Sumit, Kuang, Weida, Ding, Yanhao, Environment Law Enforcement and Housing Price: Evidence from the Chinese Housing Market, AsRES-GCREC-AREUEA joint international real estate conference, Singapore.

2021.7.18-2021.7.21,Agarwal, Sumit, Kuang, Weida, Ding, Yanhao, Divorce, Home Purchase Restriction and Housing Price: Evidence from Housing Market in China, AsRES-GCREC-AREUEA joint international real estate conference, Singapore.

2021.7.18-2021.7.21,Agarwal, Sumit, Kuang, Weida, Chen, Changyu, Does spatial air quality differentiation affect spatial housing price differentiation, AsRES-GCREC-AREUEA joint international real estate conference, Singapore.

2019.7.12-2019.7.14, Kuang, Weida, Ding, Yanhao, Regional Discrimination and Mortgage Origination, 11th GCREC Annual Conference, Shanghai, China.

2018.7.20-2018.7.22, Kuang, Weida, Wang, Xiangjun, Land Market Volatility and Local Debt Risk, 10th GCREC Annual Conference, Tsingdao, China.

2018.7.20-2018.7.22, Kuang, Weida, Zhang, Sihan, Media Sentiment and Housing Price Volatility, 10th GCREC Annual Conference, Tsingdao, China.

2018.7.8-2018.7.11, Kuang, Weida, Zhang, Sihan, Media Sentiment and Housing Price Volatility, 23nd AsRES Annual Conference, Incheon, South Korea.

2018.7.8-2018.7.11, Kuang, Weida, Land market volatility and local debt risks: Evidence from China, 23nd AsRES Annual Conference, Incheon, South Korea.

2017.7.9-2017.7.11, Kuang, Weida, Does Corruption affect Government Land Transfer Efficiency: Evidence from China, 22nd AsRES Annual Conference, Taichung, Taiwan.

2017.7.9-2017.7.11, Kuang, Weida, Wang, Qilin, Cultural Similarity and Housing market Linkages: Evidence from OECD countries, 22nd AsRES Annual Conference, Taichung, Taiwan.

2017.7.9-2017.7.11, Kuang, Weida, Expectation, High-speed Rail Construction, and Housing Prices: Evidence from China, 22nd AsRES Annual Conference, Taichung, Taiwan.

2017.7.9-2017.7.11, Kuang, Weida, Wang, Xiangjun, Aging, Bequest Motives and Housing price, 22nd AsRES Annual Conference, Taichung, Taiwan.

2015.7.6-2015.7.9, Kuang, Weida, Wealth Inequality, Supply-Demand Elasticity, and Housing Prices, 20th AsRES Annual Conference, Washington, D.C, U.S.A.

2015.7.6-2015.7.9, Kuang, Weida, Air Pollution, Health and Housing Price, 20th AsRES Annual Conference, Washington, D.C, U.S.A.

2015.7.6-2015.7.9, Kuang, Weida, Wang, Qilin, House Price Volatility, Residential Mortgage, and Capital Adequacy, 20th AsRES Annual Conference, Washington, D.C, U.S.A.

2015.7.6-2015.7.9, Kuang, Weida, Land Regulation Failure or Land Corruption-Land Violation, Land Price and Economic Growth in China, 20th AsRES Annual Conference, Washington, D.C, U.S.A.

2014.7.14-2014.7.16, Kuang, Weida, Rent to Price Ratio and Housing Bubble in Urban China, 19th AsRES Annual Conference, Gold Coast, Australia.

2014.7.14-2014.7.16, Kuang, Weida, Jurisdiction Competition, Land Revenue and Local Government Debt Risk in China, 19th AsRES Annual Conference ,Gold Coast, Australia.

2014.7.10-2014.7.12, Kuang, Weida, Inflation and House Prices: Theory and Evidence from China’s 35 Major Cities, 6th GCREC Annual Conference, Nanjing, China.

2013.6.28-2013.7.1, Kuang, Weida, Housing Price and Urban Household Saving in Urban China, 18th AsRES Annual Conference, Kyoto, Japan.

2013.7.6-2013.7.7, Kuang, Weida, Housing Price and Urban Household Saving in Urban China, 5th GCREC Annual Conference, Beijing, China.

2012.7.7-2012.7.10, Kuang, Weida, The Residential Mortgage Default Risk in China, 17th AsRES Annual Conference, Best Paper Award, Singapore.

2011.4.1-2011.4.3, Kuang, Weida, Property Tax, Land Price and Housing Price, 3rd GCREC Annual Conference, Hangzhou, China.

2011.7.11-2011.7.14, Kuang, Weida, The Residential Mortgage Default Risk in China, 16thAsRES Annual Conference, Jeju, Korea.

2010.7.9-2010.7.12, Kuang, Weida, Housing Price and Urban Household Consumption in China, 15th AsRES Annual Conference, Kaohsiung, Taiwan.

2010.7.9-2010.7.12, Kuang, Weida, Property Tax, Supply and Demand Elasticity and Housing Price，15th AsRES Annual Conference, Kaohsiung, Taiwan.

2010.7.9-2010.7.12, Kuang, Weida, Property Tax, Market Structure and Housing Price, 15th AsRES Annual Conference, Kaohsiung, Taiwan.