Hu Changsheng Professor Department of Finance Email: hcs_xj@whu.edu.com Phone : +86-27-68752697 PhD, Economics, Wuhan University, China（2002-2004） MSc, Economics, Wuhan University, China（1988-1991） B.A., Management Engineering, Wuhan University of Technology, China (1980-1984) Curriculum Vitae

TEACHING AND RESEARCH AREAS

Ÿ Teaching courses :Security analysis and investment(Undergraduate, 54)，Advanced investment theory(postgraduate, 54)

Ÿ Research Areas :Security analysis and investment, Behavioral finance, Capital market

ACADEMIC EXPERIENCE

Ÿ Full professor of Department of Finance, Wuhan University, September 2004 – present

Ÿ Associate professor of Department of Finance, Wuhan University, September 1998 –September 2004

Ÿ Lecturer of Department of Finance, Wuhan University, September 1991 –September 1998

MANAGERAL AND PRACTICAL EXPERIENCE

CONSULTING AND TRAINING EXPERIENCE (GOVERNMENT OR CORPORATE)

Market Value Management Consulting Report, Hubei Chutian Expressway Co.,Ltd, 2015-2016

SELECTED PUBLICATIONS

Journal Papers (International)

Ÿ Hu Changsheng, Wang Yongfeng, “Noise Trading and Stock Returns”, China Finance Review International, No.3, 2013.

Ÿ Hu Changsheng, Wang Yongfeng, “Style Preference Shift of Individual Investors and Stock Returns: Evidence from China”, Journal of Convergence Information Technology, VOl.8, No.3, pp.19-26, EI,2013.

Journal Papers (Domestic)

Ÿ Hu Changsheng，Zhang Xi,Returns Predictability: The Predictability Of Stock Returns In China, Henan Social Sciences, No.7, 2015, 51-58.

Ÿ Hu Changsheng, Cheng Zhifu, Wang Yongfeng, Are Individual Stock Investors BuyingAndSelling Decision Mechanisms Similar：A Study BasedOnFeedback Trading, Journal of Guangdong University of Business Studies, No.6, 2015, 46-59.

Ÿ Hu Changsheng,Wu Zhili, Chi Yangchun, Rationality And Irrationality From The Perspective Of Belief Reasoning, No.4, 2015, 57-63.

Ÿ Hu Changsheng, Chi Yangchun, Investor Sentiment, Assets Valuation and Stock Market Volatility, Journal of Financial Research, No.10, 2013, 181-193.

Ÿ Hu Changsheng, Wang Yongfeng and Chi Yangchun, the Style Preference Shifts of Individual Investors and Stock Returns, EconomicReview, No.4, 2013, 141-150.

Ÿ Hu Changsheng, Chi Yangchun, Investor Sentiment: Rational or Irrational, Chinese Review of Financial Studies, No.6, 2012, 46-52.

Ÿ Wang Yongfeng, Hu Changsheng, Trading Preference, Firm Characteristics and Stock Return, Review of Investment Studies, No 1, 2013, 119-131.

Ÿ Hu Changsheng, Chi Yangchun, Feedback Trading，Investor Sentiment and the Volatility Puzzle, South China Journal of Economics,No.3, 2012, 37-48.

Ÿ Hu Changsheng, Zhu Dixing, Value Earnings, Time-Varying Risk and Investor Overreaction, Securities Market Herald, No.6, 2010, 40-44.

Ÿ Hu Changsheng, Zhu Dixing, Frontier Theory Review on the Puzzle of Asset Price Volatility, Economic Review, No.4, 2009, 140-150.

Ÿ Hu Changsheng, High Equity Premium, Myopic Loss Aversion and Disappointment Aversion, Forecasting, No.5, 2009, 15-19.

Ÿ Hu Changsheng, Wang Feng, Investor Sentiment and Stock Price Excessive Volatility, Luojia Management Review, No1, 2008, 64-74.

Ÿ Hu Changsheng, Xiao xiaofengand Wang Jianguo, On the sources of Contrarian Profits in Chinese Stock Market, Forecasting, No.5, 2004,79-81.

Ÿ Hu Changsheng, Cai fangfang, Overconfidence and MarketBubble, Quantitative & Technica Economics, No.3, 2003, 37-41.

Ÿ Hu Changsheng, Feng bin, Investment Choice Based on Mental Accounting, Quantitative & Technica Economics, No.5, 2003,122-125

Ÿ HuChangsheng, Cai fangfang, Behavioral Finance and Optimal Asset Pricing, Quantitative & Technica Economics, No.11, 2002,72-75

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Ÿ Cases and Practical Papers

Conference Papers (Domestic)

Ÿ Hu Changsheng, Chi Yangchun, Feedback Trading, Trade Inducement and Asset Prices,11^thChinese Finance Annual Meeting, Guangxi University, 2014.10

Textbooks

Ÿ The textbook“Investment” was issued under my general editorship.

Monography

Ÿ Hu Changsheng, Chi Yangchun，“Research of InvestorSentiment and Asset Prices Abnormal Fluctuations”，Wuhan University Academic Library，2015.

Ÿ Hu Changsheng,“Financial Anomalies and Investor’s Psychology”，Wuhan University Press，2005.

RESEARCHGRANTS

Government-fundedgrants

Ÿ Financial Anomalies and Investor’s Psychology, Ref. 05JA790063

Ÿ Investor Sentiment and Asset Prices Abnormal Fluctuations，Ref.09YJA790156

Ÿ Investor Sentiment，Asset Pricing and Asset Prices Abnormal Fluctuations，Jan 2010—Dec 2012，Ref. 70971101

Ÿ Investor Sentiment-Feedback and the Volatility of Stock Market: in the Perspective of Leverage, Ref. 71671134

AWARDS AND HONORS

Ÿ Some Thoughts and Suggestions on the Strategy of Yangtze River Economic Belt in Hubei Province, Hubei Province CPPCC Excellent Proposal, January 2016

Ÿ Third prize of Hubei Province Development Research Award (2012)

Ÿ Second prize of Hubei Province Universities Excellent Teaching Courseware Award (2005)

Ÿ Famous Brand Course in Wuhan University (2003)

Ÿ Provincial Awards of Quality Curriculum (2003)

Ÿ Second prize of Wuhan University Excellent Teaching Results

Ÿ Third prize of Wuhan University Young Teachers Excellent Academic Achievements

EDITING EXPERIENCE

Journal of Financial Research, Journal of System & Management, Wuhan UniversityJournal (Philosophy & Social Sciences) et al Anonymous Referee

MEMBERSHIPS, CERTIFICATIONS

Ÿ Member of Chinese Association of Quantitative Economics (CAQE)

Ÿ Member of the first session of financial research committee of CAQE

Ÿ Member of the financial engineering research of China Society for Finance and Banking

Ÿ Member of the central financial committee of China National Democratic Construction Association

Ÿ Chairman of the Hubei Province financial committee of China National Democratic Construction Association

Ÿ Chairman of the Hubei Province financial select committee

Ÿ Member of the National Small Businesses Appraisal Database of Experts

Ÿ Anonymous referees of National Natural Science Foundation,

Ÿ Anonymous referees of several domestic core journals.