Ming ZHOU
Professor
Contact Information
Address:
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China Institute for Actuarial Science (CIAS)
Central University of Finance and Economics (CUFE)
Shahe Higher Education Park, Changping District,Beijing, P.R.China,102206
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Email:
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zhouming@cufe.edu.cn
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Telephone:
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(8610)6228-8160
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Professional Credential/Affiliations
• FCAA ：August 11, 2010
• ASA: December 1st, 2016
Employment
· 2006- Lecturer, Associate professor, Professor
CIAS, CUFE, Bejing
Education
· May.2007 – May.2008Post doctoral fellow in Actuarial Science
Institute for Quantitative Finance and Insurance,
University of Waterloo, Canada
Supervisor: Professor Jun Cai
· Sept.2001 – July.2006 Master and PhD in Statistics
School of Mathematical Science, Nankai University, China
Supervisor: Professor JunyiGuo
· Sept.1997 – July.2001 Bachelor in Mathematics
Department of Applied Mathematics,
Hebei University of Technology, China
Research Interests
· Stochastic control in quantitative finance and insurance
· Risk analysis and decision
· Portfolio selection
Courses Taught
· Stochastic processes with applications, Stochastic Calculus, Mathematical Finance, Actuarial Mathematics, Loss Model, Credit Risk Modelling, etc, all courses in Actuarial Science, Finance and Statistics at undergraduate and graduate levels.
Publications
Refereed Journals:
· Bing Liu, Ming Zhou*, Peng Li (2019). Optimal investment and premium control for insurers with ambiguity. Communications in Statistics-Theory and Methods, DOI: 10.1080/03610926.2019.1568487
· Ming Zhou, Jan Dhaene, Jing Yao (2018). An Approximation Method for Additive Risk Factor Models and Capital Allocation Rules. Insurance: Mathematics and Economics 79, pp. 92--100. (SSCI, SCI)
· Peng Li, Ming Zhou*, Hui Meng (2018). "Stochastic impulse and regular control for capital injections: A hybrid strategy”. SCIENCE CHINA Mathematics (中国科学：数学)，48(4), 565—578.
· Ming Zhou*, Kam C. Yuen and Chuancun Yin (2017). “Optimal investment and premium control for insurers with a nonlinear diffusion model”. Acta Mathematicae Applicatae Sinica (English Series).33(4), pp. 945--958. (SSCI, SCI)
· HuiMeng*, Ming Zhou and Jichang Dong (2017). “Optimal reinsurance strategy under return of risk-adjusted capital” (In Chinese). Operations Research and Management Science (运筹与管理). 26(11), pp. 129--133.
· Cuixia Chen，Xujin Wang，Ming Zhou. (2017). “A survey of China Longevity risk: Models and risk management.”(in Chinese) Insurance Research(保险研究) 1, 46—55.
· Yichun Chi and Ming Zhou (2016). “Optimal reinsurance design: a mean-variance approach”. The North American Actuarial Journal. 2016: 1-14.
· Li Wei，Ming Zhou (2016). Modern actuarial risk theory—using R(in Chinese). Science press. (translation book)
· HuiMeng*, Ming Zhou and TakKuenSiu (2016). "Optimal reinsurance policies with two reinsurers in continuous time”. Economic Modelling, 59, pp. 182-195. (SSCI)
· HuiMeng*, Ming Zhou and TakKuenSiu (2016). "Optimal dividend-reinsurance with two types of premium principles”. Probability in the engineering and informational sciences, 30, pp. 224-243. (SCI)
· HuiMeng*, DongmeiGuo and Ming Zhou (2016). “Nonlinear impulse capital injection with reinsurance control” (In Chinese), SCIENCE CHINA Mathematics (中国科学：数学), 46(2), pp. 235-246.
· Ming Zhou*, HuiMeng and JunyiGuo (2015). “Optimal dividend policy: a mixed regular-impulse stochastic control”(In Chinese), SCIENCE CHINA Mathematics(中国科学：数学), 45(10), pp. 1705-1724.
· Peng Li, Ming Zhou* and Chuancun Yin (2015). “Optimal reinsurance with both proportional and fixed costs”, Statistics and Probability Letters, 106, pp. 134-141. (SCI).
· K.C. Yuen, Zhibin Liang and Ming Zhou (2015). “Optimal proportional reinsurance with common shock dependence”. Insurance: Mathematics and Economics 64, pp. 1-13. (SSCI, SCI)
· Yuwei Sun, Xiaohui Wang and Ming Zhou* (2015). “Optimal multiple of CPPI strategy” (In Chinese), Statistics and Decision (统计与决策), 11, pp. 156-159.
· Ming Zhou* and Kam C. Yuen. (2015). “Portfolio selection by minimizing the present value of capital injection costs”. Astin Bulletin, 45 (1), pp. 207-238. (SSCI)
· Peng Li, Chuancun Yin* and Ming Zhou. (2014) Dividend Payments with a Hybrid Strategy in the Compound Poisson Risk Model. Applied Mathematics, 5, pp. 1933-1949.
· Peng Li, Chuancun Yin* and Ming Zhou. (2014). “The Compound Poisson Risk Model Perturbed by Diffusion with a Hybrid Dividend Strategy”. Journal of Management Science and Practice 2(2), pp. 8-20.
· Ming Zhou* and Jun Cai. (2014). “Optimal dynamic risk control for insurers with state-dependent income”, Journal of Applied Probability 51(2), pp. 417-435. (SCI)
· Ming Zhou and K F C Yiu*. (2014). “Optimal dividend strategy with transaction costs for an upward jump model”. Quantitative Finance 14(6), pp. 1097-1106. (SSCI)
· Peng Li, Chuancun Yin* and Ming Zhou. (2013). “The exit time and the dividend value function for one-dimensional diffusion processes”. Abstract and Applied Analysis, Volume 2013, Article ID 675202, 9 pages. http://dx.doi.org/10.1155/2013/675202. (SCI)
· LihuaBai, Jun Cai and Ming Zhou*. (2013). “Optimal reinsurance policies for an insurer with a bivariate reserve risk process in a dynamic setting”. Insurance: Mathematics and Economics 53, pp. 664-670. (SSCI, SCI)
· Ming Zhou*, Wei Kou, and Hongjun Li. (2013). “Optimal reinsurance strategy under Sharp Ratio criteria (in Chinese)”, Applications of Statistics and Management（数理统计与管理）, 32(5)，pp. 910-922.
· JingfengXu and Ming Zhou*. (2012). “Optimal risk control and dividend distribution policies for a diffusion model with terminal value”. Mathematical and Computer Modelling 56, pp. 180-190. (SCI)
· Ming Zhou* and Kam C Yuen. (2012). “Optimal reinsurance and dividend for a diffusion model with capital injection: variance premium principle.” Economic Modelling 29(2), pp. 198-207. (SSCI)
· Ming Zhou*, Hongbin Dong and JingfengXu. (2011) “Optimal combinational of quota-share and stop-loss reinsurance contracts under VaR and CTE with a constrained reinsurance premium”, Journal of Systems Science and Complexity, 24(1), pp. 156-166. (SCI)
· Ming Zhou*, Ken Seng Tan and Hongbin Dong. (2010). Optimal reinsurance strategy under RORAC criteria (in Chinese). System Engineering Theory and Practice（系统工程理论与实践）, 30(11), pp. 1931-1937. (EI)
· Ming Zhou* and Jun Cai. (2009). “A perturbed risk model with dependence between premium rates and claim sizes”, Insurance: Mathematics and Economics 45(3), pp. 382-392. (SSCI, SCI)
· Kam C. Yuen*, Ming Zhou and JunyiGuo. (2008). “On a risk model with debit interest and dividend payments”, Statistics & Probability Letters 78, pp. 2426–2432. (SCI)
· Ming Zhou* and JunyiGuo. (2008). “Classical risk model with threshold dividend strategy”, ActaMathematicaScientia (Series B, English Edition) 28, pp. 355-362. (SCI)
· Xin Zhang, Ming Zhou and JunyiGuo*. (2007). “Optimal combinational quota-share and excess-of-loss reinsurance policies in a dynamic setting”, Applied Stochastic Models in Business and Industry 23, pp. 63-71. (SCI)
· JunyiGuo*, Kam C. Yuen and Ming Zhou. (2007). “Ruin probabilities in Cox risk models with two dependent classes of business”, ActaMathematicaSinica (English Series) 23, pp. 1281-1288. (SCI)
· Ming Zhou*, Li Wei and Junyi, Guo. (2006). “Some results behind dividend problems”, Acta Mathematicae Applicatae Sinica (English Series) 22, pp. 681-686. (SCI)
· Huayue Zhang, Ming Zhou and JunyiGuo. (2006). “The Gerber-Shiu discounted penalty function for classical risk model with a two-step premium rate”, Statistics & Probability Letters 76, pp. 1211-1218. (SCI)
· Ming Zhou* and Chunsheng Zhang. (2005). “Absolute ruin under classical risk model” (in Chinese), Acta Mathematicae Applicatae Sinica（应用数学学报） 28, pp. 695-703.
Research Grants
As a leader:
· Type: Natural Science Foundation of China (NSFC)
Grant No: 11971506
Title: Insurance demand, portfolio selection and consumptions for individuals with ambiguity aversion.
Period: January 2020—December 2023
Amount: 590,000 rmb
· Type: Natural Science Foundation of China (NSFC)
Grant No: 11571388
Title: Optimal control strategies for insurers with transaction costs and
solvency constraint.
Period: January 2016—December 2019
Amount: 590,000 rmb
· Type: Beijing Social Science Fundation
Grant No: 15JGB049
Title: Housing Finance：the study on the portfolio selection and consumption
behavior for residents of Beijing City.
Period: January 2016—December 2018
Amount: 80,000 rmb
· Type: University research group
Grant No: the third
Title: portfolio selection and risk control for insurers in frame of C-ROSS
Period: January 2015—December 2017
Amount: 150,000 rmb
· Type: Key Project for Humanities and social sciences of Ministry of Education
Grant No: 15JJD790036
Title: Asset-liability management for China insurance companies within CROSS
Period: January 2016—December 2018
Amount: 200,000 rmb
· Type: Beijing Higher Education Young Elite Teacher Project
Grant No: YETP0958
Title: Optimal dividend and risk control policies for public companies
Period: January 2013—December 2015
Amount: 150,000 rmb
Type: Research Foundation for Young Scholars, State Education Ministry
Grant No: 12YJC790290
Title: Optimal risk control policy for insurers
Period: January 2012–December 2014
Amount: 50,000 rmb
· Type: The Scientific Research Foundation for the Returned Overseas Chinese
Scholars, State Education Ministry
Title: The ruin problem and optimization for a self-dependent risk model
Period: January 2010–December 2012
Amount: 30,000 rmb
· Type: Natural Science Foundation of China (NSFC)
Grant No: 10701082
Title: “Optimal Investment and Reinsurance Strategies
with Some Risk Measures”
Period: January 2008–December 2010
Amount: 160,000 rmb
Honours/Awards
· “Yongjin academic research” award for faculties at Central University of Finance and Economics, May 2016.
· “Yongjin academic research” award for faculties at Central University of Finance and Economics, May 2011.
· “Excellent PhD Dissertation”, Nankai University, October 2007.
· “JiaqingZhong” best paper award for the paper “Optimal combinational reinsurance policies in a dynamic setting”, Chinese Mathematical Society, June 2006.
· Excellent graduate award, Nankai University, June 2006.
· Graduate student merit scholarship, Nankai University, June 2006.
· Graduate Scholarship, Nankai University, September 2005.
· Graduate Scholarship, Nankai University, September 2002.
