Angel Zhong

Dr. Angel Zhong

Associate Professor

Details

  • College: Economics Finance & Marketing
  • Department: Economics Finance & Marketing
  • Campus: City Campus Australia
  • angel.zhong@rmit.edu.au

Open to

  • Media enquiries
  • Masters Research or PhD student supervision
  • Industry Projects
  • Membership of an advisory committee
  • Mentoring (long-term)
  • Collaborative projects

About

Angel Zhong is an award winning finance academic who specialises in empirical asset pricing, digital finance, global financial markets, investor behaviour and the recent trends in retail investing. She is an editorial board member of three prestigious field journals (Journal of Accounting LIterature, Finance Research Letters and Journal of International Financial Markets, Institutions and Money). She is the recipient of the RMIT Awards for Research Excellence, Early Career Researcher (Enterprise) in 2021, College of Business and Law Research Excellence Award 2022, RMIT Awards for Research Excellence, Mid Career Researcher in 2023, College of Business and Law Research Excellence in Innovative HDR Supervision Award 2023.

Her research has strong investment applications for industry professional and investors. Her work has attracted over $600,000 in external research funding. Angel remains engaged with external stakeholders while undertaking her academic responsibilities. Her research has frequently attracted significant mainstream media attention internationally. Her commitment to translating her research to improve the financial literacy and wellbeing of Australians has seen her recognised as the finalist of the Women in Finance Awards 2021 and 2023 in Australia, in the category of 'Thought leader of the Year.' She is also recognised as a Linkedin Top Voice.

Industry experience:
Dr Zhong works with a wide range of industry partners on knowledge exchange and complex research projects. Some recent highlights include:
- Working with the Capital Network to analyse recent trends in investment and global financial markets
- Partnering with Refinitiv to utilise real-time financial data to enhance student experience
- Collaborating with Page Executive, EIM Executive Interim Management, and Northern Trust Asset Management to explore the current landscape of jobs in finance

Awards:

2024: RMIT Media Star of the Year Award, RMIT University
2023: RMIT Award for Research Excellence Mid Career Researcher (Enterprise), RMIT University
2023: Finalist in the Women in Finance Awards 2023 in the Thought Leader of the Year category
2023: People's Choice Award for the Best Research Poster, RMIT Women Researchers Network
2023: Media Star of College of Business and Law Award, RMIT University
2023: College of Business and Law Research Excellence Award for Innovative Research Supervision, RMIT University
2022: College of Business and Law Research Excellence Award, RMIT University
2022: Media Star Award in the College of Business and Law, RMIT University
2022: SIRCA’s 2021 Philip Brown Prize for best paper citing SIRCA data published in 2021
2021: RMIT University Rising Media Star 2021
2021: Peoples Choice Award for the Best Research Poster, RMIT Women Researchers Network
2020: Team Award for achieving the highest student evaluation score, RMIT University
2019: Best Early Career Researcher of the Year in the School of Economics, Finance and Marketing, RMIT University
2018: Team Award for achieving the highest student evaluation score, RMIT University
2017: Finalist, Mollie Holman Medal, Monash University
2016: Postgraduate Publications Award, Monash University
2016: Best Paper Award at the 7th Conference on Financial Markets and Corporate Governance (FMCG)
2015: Best Paper Award, PhD Symposium, the 6th Conference on FMCG

Public and media engagements:
Dr Angel Zhong has been a regular commentator in local and international media, providing expert commentary and analysis in the financial markets. Notable outlets include ABC, SBS, Yahoo Finance, the Australian Financial Review, Bloomberg, The Age, and Sydney Morning Herald. I have over 200 media coverage each year. A few examples are as follows:

- ABC, Finfluencers are on the rise, so are they friend or foe? It can be murky territory
- The Business, ABC VIDEO: Finfluencers are on the rise, so are they friend or foe?
- ABC, VIDEO: The unlikely 'Armageddon' risk lurking beneath ETF share investments
- ABC, ETFs attracting 'corona-generation' investors to share market, but they hold risks
- The Sydney Morning Herald, TikTok ‘finfluencers’ under scrutiny amid pump and dump concerns
- The Australian Financial Review, ASIC warns about social media-driven ‘pump and dump’ scams
- Bloomberg, Clothes That Don't Exist Are Worth Big Money in the Metaverse
- Yahoo News, Can these photos predict stock market returns?
- The Conversation, FinTok and ‘finfluencers’ are on the rise: 3 tips to assess if their advice has value
- The Conversation, 5 tips to figure out if a tech company on the stock market is an ethical investment

Media

Research fields

  • 3502 Banking, finance and investment

UN sustainable development goals

  • 5 Gender Equality
  • 10 Reduced Inequalities
  • 11 Sustainable Cities and Communities
  • 13 Climate Action
  • 3 Good Health and Well Being

Academic positions

  • Deputy Head of Department (Finance)
  • RMIT University
  • Melbourne, Australia
  • 2 Jan 2023 – 31 Dec 2023
  • Head of Department (Finance)
  • RMIT University
  • Melbourne, Australia
  • 1 Jan 2023 – 3 Jun 2024
  • Deputy Dean Research & Innovation
  • RMIT University
  • Melbourne, Australia
  • 21 Oct 2021 – 30 Jun 2022
  • Master of Finance Program Manager
  • RMIT University
  • Melbourne, Australia
  • 1 Oct 2019 – 31 Dec 2021

Supervisor projects

  • Green sentiment and corporate financial policy
  • 17 Oct 2023
  • Will High Frequency Trading Helps to Reduce Behavioural Biases
  • 16 Oct 2023
  • Extrapolative beliefs and price-path convexity: Momentum and reversals
  • 11 Oct 2023
  • The Impact of ESG Performance on Firm Value and the Enhancement of ESG Measurement
  • 3 Aug 2023
  • Gender diverse boards and firm outcomes
  • 26 Jul 2023
  • Essays on Firm-Specific Stock Crash Risk
  • 15 Aug 2022
  • Peer Effect of CSR Disclosure: Applications of Textual Analysis
  • 27 Aug 2021
  • Essays on Downside Risk: Evidence from Board Diversity, CEO Traits, and Social Networks
  • 28 Jul 2021
  • Macroeconomic Determinants of Aggregate Stock Prices. Evidence from Developed and Emerging Countries.
  • 27 Oct 2020
  • The economic relevance of the resolution time of Chapter 11 firms
  • 20 Dec 2019
  • Economic Links and Information Diffusion: The Australian Experience
  • 21 Nov 2019

Teaching interests

Supervisor interest areas:
- Empirical Asset Pricing
- Banking
- Digital Finance
- Behavioral Finance
- Sustainable Finance

Programs:
- Master of Finance (https://www.rmit.edu.au/study-with-us/levels-of-study/postgraduate-study/masters-by-coursework/master-of-finance-mc201)

Research interests

Dr Zhong's research interest includes asset pricing models, stock market anomalies, investment, empirical asset pricing, investor behaviour, and sustainable investing.

Research keywords:
Empirical Asset Pricing, Stock Market Anomalies, Financial Stability, Banking System, Investor Behaviour, Financial Wellbeing, Global Financial Markets
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Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Sentient' by Hollie Johnson, Gunaikurnai and Monero Ngarigo.