About

Introduction

I'm Hongzhao Yang. I received my B.S. in Mathematics and Applied Mathematics from ShanghaiTech University and am currently a direct-track Ph.D. student at the Academy of Mathematics and Systems Science, CAS, working on financial market microstructure and rational expectations equilibria. Beyond math and finance, I have hands-on experience in algorithms, engineering, tabletop game design, and independent content creation. Endlessly curious, and eager to dig into new technology.

Education

• Sep 2024 – Present
  Academy of Mathematics and Systems Science, CAS · Direct-Track Ph.D. in Management Science and Engineering

  Research interests: Rational Expectations Equilibrium Theory; Financial Market Microstructure.

• Jan 2023 – May 2023
  UC Berkeley · Berkeley Global Access · Visiting Student

  Selected coursework: Stochastic Processes, Introduction to Time Series, Game Theory.

• Sep 2020 – Jul 2024
  ShanghaiTech University · B.S. in Mathematics and Applied Mathematics

  GPA 3.83/4.00, class rank 1/15; Minor in Finance.

Working Papers

• Strategic Trading with Relative Performance Concerns
  Youcheng Lou, Hongzhao Yang · Working Paper · 2026 · Lead Author · Under Review
• Investor Entry, Market Quality Indicators, and Welfare
  Youcheng Lou, Hongzhao Yang · Working Paper · 2025 · Lead Author

Honors & Awards

• 2023
  Data-Driven Sustainability Track — Champion · 2023 Hackathon @ BMW iFACTORY
• 2022
  Outstanding Winner + SIAM Award Nominee · Mathematical Contest in Modeling (MCM)
• 2018
  Provincial First Prize · National Olympiad in Informatics in Provinces (NOIP)

Contact

• GitHub https://github.com/jayncp
• Email yanghongzhao24@mails.ucas.ac.cn