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Professor LI Jing, Victor


Assistant Professor

Bsc (Peking)
MA (Renmin)
PhD (PolyU)

(852) 3943-6537


Previous Academic Position

Assistant Professor, Department of Economics and Finance, The Hang Seng University of Hong Kong

Teaching Fields

Urban Studies
Housing Policy
Land Development
Belt and Road

Research Interests

Real Estate and Construction
Economics and Finance
Belt and Road


Associate Editor, Journal of Comparative Asian Development
Editorial Board, Economics
Editorial Board, The Journal of Atmospheric & Earth Sciences
Deputy Director, Center of Land Resource & Housing Policy, Institute of Future Cities

Selected Publications

  1. Yoshino, N., Li, J.* (2021). Housing Bubbles and Banking Behaviors in China: A Macro Perspective. Journal of Comparative Asian Development, forthcoming
  2. Cheong, T.S., Li, J.* & Cheng, W.W. (2020). Distribution Dynamics of China’s Regional Housing Price Disparity. International Journal of Urban Sciences, forthcoming
  3. Wang, D.K., Li, J.*, Yu, H.Y. (2020). Mass Appraisal Modeling of Real Estate in Urban Center by Geographically and Temporally Weighted Regression: A Case Study of Beijing’s Core Area. Land, 9(5), 1-18
  4. Li, Y., Chevallier, J., Wei, Y., & Li, J. (2020). Identifying price bubbles in the US, European and Asian natural gas market: Evidence from a GSADF test approach. Energy Economics, 104740
  5. Wei, Y.G., Li, Y., Li, J., Wang, Y., & Qiang, Z.Y. (2020). Regional and Longitudinal Disparity of Housing Bubbles in the U.S. markets: Evidence from GSADF Tests. Journal of Urban Planning and Development, 146(1), 04019027
  6. Li, J., Wei, Y.G. & Chiang, Y.H. (2020). Bubbles or Cycles? Housing Price Dynamics in China’s Major Cities. International Journal of Strategic Property Management, 24(2), 90-101
  7. Li, J.*, Cheng, W.W., Chui, K.H. (2019). Why “Spicy Measures” Fail to Cool Down Hong Kong's Housing Market? International Journal of Sustainable Real Estate and Construction Economics, 1(4), 298-313
  8. Wang, D.K., Li, J.* (2019). Mass Appraisal Models of Real Estate in the 21st Century: A Systematic Literature Review. Sustainability, 11(24), 7006
  9. Li, J., Cheong, T.S., Shen, J.F. & Fu, D.H. (2019). Urbanization and Rural-Urban Consumption Disparity: Evidence from China. The Singapore Economic Review, 64(4), 983-996
  10. Cheong, T.S., Cheng, A. & Li, J. (2019). Evolutionary trend of foreign investment in China: A combined decomposition and transitional dynamics approach. The Singapore Economic Review, 64(4), 1037-1055
  11. Cheong, T. S., Li, J.*, & Shi, X. (2019). Regional disparity and convergence of electricity consumption in China: A distribution dynamics approach. China Economic Review, 58
  12. Li, J.* (2018). Married to Property? Housing Price and Family Formation Revisited. International Journal of Home Economics, 11(1), 44-53
  13. Cheong, T. S. & Li, J.* (2018). Transitional Distribution Dynamics of Housing Affordability in Australia, Canada and USA. International Journal of Housing Markets and Analysis, 11, 204-222
  14. Li, J., Cheng, A., & Cheong, T.S. (2017). Home Purchase Restriction and Housing Price: A Distribution Dynamics Analysis. Regional Science and Urban Economics, 67, 1-10
  15. Choy, C., Li, J.* (2017). The Role of Higher Education in China’s Inclusive Urbanization. Cities, 60, 504-510
  16. Wei, Y.G., Huang, C., Li, J., Xie, L. (2016). An Evaluation Model for Urban Carrying Capacity: A Case Study of China’s Mega-Cities. Habitat International, 53, 87-96
  17. Li, J.* (2016). Housing Policies in Hong Kong, China and the People's Republic of China. ADBI Working Paper No. 566.
  18. Li, J.*, & Xu, Y. (2016). Evaluating restrictive measures containing housing prices in China: A data envelopment analysis approach. Urban Studies, 53(12), 2654-2669.
  19. Xu, Y., Li, J., Jiao, S. (2016). The impacts of Chinese urbanization on farmers' social networks, evidence from the urbanization led by farmland requisition in Shanghai. Journal of Urban Planning and Development, 142(2), 05015008
  20. Chiang, Y.H., Li, J.*, Zhou, L., Wong, F.K.W., Lam, P.T.I. (2016). Evaluating Sustainable Building Maintenance Projects in Hong Kong: Balancing Economic, Social and Environmental Impacts. Journal of Construction and Engineering Management, 142(2), 06015003
  21. Chiang, Y.H., Li, J.*, Zhou, L., Wong, F.K.W. Lam, P.T.I. (2015). The nexus among employment opportunities, life-cycle costs, and carbon emissions: A case study of sustainable building maintenance in Hong Kong. Journal of Cleaner Production, 109, 326-335.
  22. Zhang, R., Li, J., Du, Q.Y., Ren, F. (2015). Basic Farmland Zoning and Protection under Spatial Constraints by Particle Swarm Optimization Multi-Objective Decision Model: A Case Study of Yicheng, China. Environment and Planning B, 42(6), 1098-1123.
  23. Li, J.* (2014). Land sale venue and economic growth path: Evidence from China's urban land market. Habitat International, 41, 307-313.
  24. Li, J.*, Xu, Y., & Chiang, Y. H. (2014). Property prices and housing affordability in China: A regional comparison. Journal of Comparative Asian Development, 13(3), 405-435.
  25. Li, J.*, Chiang, Y.H., Zhou, L., Choi, T.N.Y. (2014). Measuring Carbon Emission from Energy Consumption in a Hong Kong Family. Facilities, 32(7/8), 324-341.
  26. Chiang, Y.H., Zhou, L., Li, J., Lam, P.T.I., Wong, F.K.W. (2014). Achieving Sustainable Building Maintenance through Optimizing Life-cycle Carbon, Cost and Labor: A Case in Hong Kong. Journal of Construction and Engineering Management, 140(3), 05014001
  27. Li, J.* (2013). What causes China's property boom? Property Management, 31(1), 4-21.
  28. Li, J.*, Chiang, Y. H., Choi, T. N., & Man, K. F. (2013). Determinants of efficiency of contractors in Hong Kong and China: Panel data model analysis. Journal of construction engineering and management, 139(9), 1211-1223
  29. Chiang, Y.H., Li, J.*, Choi, T., Man, K.F. (2013). Evaluating Construction Contractors’ Efficiency in Hong Kong Using Data Envelopment Analysis Assurance Region Model. Journal of Facilities Management, 11(1), 52-68
  30. Zhou, L., Li, J., Chiang, Y.H. (2013). Promoting Energy Efficient Building in China through Clean Development Mechanism. Energy Policy, 57(6), 338-346
  31. Li, J.*, & Chiang, Y. H. (2012). What pushes up China's real estate price? International Journal of Housing Markets and Analysis, 5(2), 161-176.
  32. Li, J.* (2012). What Causes Insufficient Affordable Housing Provision in China? Hong Kong Institute of Planners Journal, 27 (1), 46-57.
  33. Chiang, Y.H., Li, J.*, Choi, T., Man, K.F. (2012). Comparing China Mainland and China Hong Kong Contractors’ Productive Efficiency: A DEA Malmquist Productivity Index Approach. Journal of Facilities Management, 10(3), 179-197
  34. Chiang, Y.H., Choy, L.T.C., Li, J.* (2012). Public Expenditure and Property Cycle: The Case in Shanghai. Journal of Construction in Developing Countries, 17(1), 87-101
  35. Li, J.*, Chiang, Y. H., & Choy, L. (2011). Central–local conflict and property cycle: A Chinese style. Habitat International, 35(1), 126-132.

* For corresponding author


Research Projects


Energy Use Behaviors and Patterns in Commercial Buildings: Comparing Hong Kong with Shanghai. United College Lee Hysan Foundation Research Grant Scheme & Endowment Fund Research Grant Scheme (2020-2021)

Determinants of Rural-Urban Consumption Disparity: Evidence from China. CUHK Direct Grant for Research (2017)

As Co-I

Sustainable Communities Lab for People’s Multifaceted Well-being. Knowledge Transfer Project Fund (2020-2021)

Environmental Health and Environmental Justice. Research Committee Funding for Research Sustainability of Major RGC Funding Schemes (2019-2021)

Study on Housing Pathway of Migrant Workers from the Perspective of Staged Migration: Mechanism and Evidence. National Science Foundation of China (2019-2021)

A multi-dimensional “point-line-plane” approach for industrial heritage conservation in Hong Kong: A case study of Ma On Shan (MOS) Iron Mine. Funding Scheme for Thematic Research on Built Heritage Conservation, Development Bureau of Hong Kong (2018-2020)

The Evolutionary Trend of International Income Inequality: An Analysis of Decomposition and Transitional Dynamics. Faculty Development Scheme, Research Grants Council of Hong Kong (2017-2019)

Housing Policies for Inclusive Growth in Asia, ADB-ADBI Flagship Project (2014-2016)