Dr. WONG Chak Sham Michael

Certificate - Executive Coaching (University of Cambridge)
Certificate - Fintech (Massachusetts Institute of Technology)
Certificate - Venture Capital (University of California, Berkeley)
PhD - Finance (The Chinese University of Hong Kong)
MA - Social Science Data Analysis (University of Essex)
MPhil - Finance (University of Cambridge)

Associate Professor

Dr. WONG Chak Sham Michael

Contact Information

Address: 9-243, Lau Ming Wai Academic Building
City University of Hong Kong
Phone: +852 34427248
Personal Web:

Research Areas

  • Risk Management
  • Financial Institution Management
  • Capital Markets
  • Sustainable Finance

Dr. Michael C S Wong serves as EMBA Director and Associate Professor of Finance at City University of Hong Kong.  He specializes on international banking, risk management and financial markets. Dr. Wong architected the first Basel-standard internal ratings-based (IRB) system in Hong Kong in 2003-2005 and wealth management due diligence models after the collapse of Lehman Brothers in 2008. His risk management models are currently implemented by more than 25 regional and global financial institutions operating in Asia. Dr. Wong reviewed risk control and stress testing models for banking institutions, submitted independent risk assessment reports to company boards and regulators, and provided expert witness on legal disputes involving complex financial transactions. He served as a founding member of Global Association of Risk Professionals’ (GARP) FRM Committee, an examiner of professional examinations of both Hong Kong Securities and Investment Institute (HKSI) and Hong Kong Institute of Bankers (HKIB), a member of Market Misconduct Tribunal in Hong Kong, a member of Task Force of Hong Kong Insurance Authority, and an advisor of the Investor and Financial Education Council. He obtained his postgraduate degrees in Finance and Data Analytics respectively from the Chinese University of Hong Kong, University of Essex and University of Cambridge, and executive training at Berkeley, MIT and Cambridge.  Dr. Wong was a long-serving director of MSc programs in Finance, Banking and Financial Engineering (1998-2015) at CityU and was granted university-wide Teaching Excellence Award by the university in 1999.  His research, including his services to the financial industry, is selected by the university as a high-impact case for the UGC's Research Assessment Exercise (RAE 2020).  In 2022, Dr. Wong serves as an editor of Sustainability on a special issue "Sustainable Finance and Risk Management".  He also serves as a judge panel member of CityU's HK Tech 300  in both seed and angel funding rounds.


Award Title Institution
UGC Research Impact Case (Economics and Finance) (2020) City University of Hong Kong
Nominee of UGC Teaching Award (2018) Nominated by City University of Hong Kong
Awarded the 8th among 52 teams (served as the team adviser of 6 postgraduate students) Rotman International Trading Competition (2014) at University of Toronto
Certificate of Achievement (with Floyd Newsum) FinCapDev Competition (2013) in San Francisco
Teaching Excellence Award City University of Hong Kong
Young Scholar Dissertation Award Chinese University of Hong Kong
Fellowship of Cambridge Commonwealth Trust University of Cambridge
ECPR Scholarship for Essex Summer School in Social Science Data Analysis University of Essex

Research Grant

  • co-PI: "A Generative Deep Learning Framework for Emotion-sensitive Robo-advisors in Personal Wealth Management", GRF (CityU 11507219) - Hong Kong Research Grants Council , Amount: 608,242 (2020-2021) , Raymond Y.K. Lau, Chunping Li, Michael C S Wong
  • co-PI: "基于大数据分析框架的在线信用评级关键技术研究 ", 国家自然科学基金 (NSFC) , Amount: RMB479,000 (2017-2020) , Raymond Y.K. Lau, Michael C.S. Wong, W. Yue, C.M. Leung, C.H. Cheung, X. Xin
  • co-PI: "BigCredit: A Novel Framework for Big Social Media Data Enhanced Online Credit Scoring", General Research Fund - Hong Kong Research Grants Council , Amount: HK$820,521 (2017-2019) , Raymond Y.K. Lau, Michael C S Wong, Chunping Li
  • PI: "Hong Kong Fintech: Opportunities, Practices and Risk Issues", UGC Knowledge Transfer Earmarked Fund - City University of Hong Kong , Amount: HK$200,000 (2016-2017) , Michael C S Wong, Raymond Y K Lau, Ray Cheung and Leon Zhao
  • PI: "Strengthening Python literacy of students for knowledge discovery and knowledge commercialization ", Teaching Development Grant - UGC and City University of Hong Kong , Amount: HK$179,800 (2014-2015) , Michael C S Wong; Leon Zhou; Geoffrey Tso; Phisit Sucharitsopit
  • PI: "The Behavioral Economics of Online/Mobile Banking Security: an examination of status quo bias in IT security choice decision making ", Centre for Social Media Marketing and Business - City University of Hong Kong , Amount: 100,000 (2014-2015) , Floyd Newsums; Chu-fang Chen; Michael C S Wong
  • PI: "Algorithmic Trading Research Group", Idea Incubator Scheme - City University of Hong Kong , Amount: HK$598,000 (2013-2015) , Michael C S Wong; Jovan Cenev; Humphrey Tung; Antonie Chan
  • PI: "LOUD Money", DEC Mobile App Development Grants (MADGs) - City University of Hong Kong , Amount: HK$80,000 (2013-2014) , Michael C S Wong, Floyd Newsum
  • PI: "Assessment of Risk Perception, Heuristic Biases, and Frame Dependence in an Online Environment", Idea Incubator Scheme - City University of Hong Kong , Amount: HK$150,000 (2012-2013) , Michael C S Wong, Floyd Newsum
  • co-PI: "RiskMed: Collaborative Intelligence for Liquidity Risk Mediation", GRF - RGC Hong Kong , Amount: HK$800,000 (2010-2013) , J. Leon Zhao, Akhil Kumar, Michael C S Wong, Daniel Zeng

External Links


Journal Publications and Reviews
Conference Papers
Working Papers
Chapters, Conference Papers, Creative and Literary Works
Scholarly Books, Monographs, Reports and Case Studies
Patents, Agreements and Assignments
  • CENEV, Jovan; CHAN, Antoni Bert; TUNG, Kwong Kwai Humphrey; WONG, Chak Sham Michael / System and Methods for Optimization of Stochastic Portfolio Mixtures. March 2015;
Other Outputs