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Name:BAI Manying
Tel No.:82339361  
Email:  baimy@buaa.edu.cn
Title: Professor
personal homepage


Education and Working Experience

1. June 1999—present: Department of Risk Management, School of Economics and Management, Beihang University; Teaching the undergraduates, graduates and MBA.

Research direction: Applied Econometrics; Financial Risk Management; Analysis and comparison of productivity

Courses: Life Actuarial Science, mergers and acquisitions(M&A) and corporate restructuring (for undergraduates); Econometrics (for graduates); Statistics for Business and Economics, Managerial Economics (for MBA)

2. June 1999: Ph. D. in Management Science and Engineering, Beihang University, Beijing, China.

Advisor: Prof. Ruoen Ren

Thesis title: Theoretical and Empirical Studies of Bilateral and Multilateral Comparison on International Competitiveness of Chinese Manufacturing Industries

3. June 1989 - Sep 1996: Lecturer of Mathematics, Mathematics Department, Hefei associate University.

Courses: higher mathematics; probability statistics

4. June 1989: M.Sc. in Applied Mathematics, Sichuan University, Chengdu, China.

Advisor: Prof. Guangzhong Liu, Xu Guozhi (part-time instructor).

Major: Operations Research and Theory of Control

Research direction: Operations Research applied in Economic

Main Academic Research Experience

1.2011-2013, Project Director: Catastrophe risk measurement and catastrophe insurance option pricing research, supported by NSFC (National Natural Science Foundation of China), NSFC NO: 71071009.

2.2006-2009, Project Director: Theory and application of purchasing power parity index under the combination of ICP and ICOP, supported by NSFC (National Natural Science Foundation of China), NSFC NO: 70571004.

3.2009-2010, Project Director: Characteristics of Hang Seng Bank and reference to Minsheng Bank. supported by the China Minsheng Bank.

4.2008-2009, Project Director: Developing Tactic Analysis of the Bank of Wells Fargo and reference to Minsheng Bank, supported by the China Minsheng Bank.

5. 2009-2010, Main member of the Project: International Comparison of China/EU countries and the United States in Productivity and China IGEM model (major international cooperation project of National Natural Science Foundation), supported by NSFC (NO: 70620120444).

6. 2006-2010, Sub-Project Director: The modeling, forecasting and application research on the medium-term development of China’s macroeconomic, the significant project of National Natural Science Foundation.

7. 2006-2011.12, Main member of the Project: Modeling and management on several complex systems of socio-economic based behavior, supported by NSFC, research group project of National Science Foundation. (NO: 70521001,70821061)

My publications include:

ZF Qin, MY Bai*, Dan Ralescu, A fuzzy control system with application to production planning problems, Information Sciences 181 (2011) 1018–1027.(In English, SCI)

Manying Bai,Haibo Zhu,Power Law and Multiscaling Properties of the Chinese Stock Market,Physica A: Statistical Mechanics and its Applications 389 (2010) 1883-1890. (In English, SCI)

Adam Szirmai,Ruoen Ren,Manying Bai,Chinese Manufacturing Performance in Comparative Perspective:1980-2002,Economic Growth Center,Yale University,Center Discussion Paper NO. 9202005. 7. (In English. The paper is the improved and extended empirical results based on my PhD thesis, and have been cited 22 times)

Ruoen Ren & Manying Bai, China’s Manufacturing Industry In an International Perspective:a China-Germany Comparison,Économie internationale 92 (2002) 105-134. (In English, France)

Manying Bai,Rui Zhao,The Test and Calculation of the Underwriting Cycle in Property-Liability Insurance of China,,CIS’2007,Harbin, IEEE (2007). (In English, EI)

Manying Bai,Jie Ma,The CVaR Constrained Stochastic Programming ALM Model for Defined Benefit Pension Funds, Int. Journal Modelling,Identification and Control 8 (2009) 48-55. (In English, EI)

Manying Bai, Ruoen Ren, Study on the Consistency Between Production or Cost Function and Index Number, Joural of Systems Science and Systems Engineering 2 (1999). (In English)

Manying Bai, Ruoen Ren, Further Research and Empirical Analysis on One Type Index Problem, Statistical Research, 9 (2000) 52-59. (In Chinese)

Szirmai Adam, Manying Bai, Ruoen Ren, Labour Productivity Trends in Chinese Manufacturing:1980-1999,China Economic Quarterly, 7 (2002) 863-884. (In Chinese)

Manying Bai, Xiubin Yu, Ruoen Ren, Axiomatic Analysis of Price Index and Purchasing Power Parity, Statistical Research, 11 (1999) 46-50. (In Chinese)

Manying Bai, Peng Shi, Stochastic Control Model for Pension Fund Management, Chinese Journal of Management Science, 10 (2004) 294-297. (In Chinese)

Peng Shi, Manying Bai, Stochastic Control Model For Pension Fund Management, Seventh Chinese-Japanese International Conference on Industrial Managemen, 11 (2004). (In English, ISTP)

Li Yuan, Manying Bai, Forecast Analysis on Quantity of Demand for Special Talents in Chinese Space Technology Field, Journal of Harbin Institute of Technology( Natural Science Edition), 10 (2004) 1335-1337. (In Chinese, EI)

Lihui Dong, Manying Bai, On the Analysis of Human Capital Formation and Storage in China, Productivity Research, 5 (2002) 117-121. (In Chinese)

Manying Bai, Ruoen Ren, Existence and Uniqueness Of G-K System In Multilateral Comparison, Journal Of Beijing University Of Aeronautics and Astronautics,2 (1999) 216-220. (In Chinese, EI)

Manying Bai, Ke Chou, Listed Companies: Relations Between Low Debt and Stock Repurchasing, Journal Of Zhengzhou Institute Of Aeronautical Industry Management, 2 (2001) 23-25. (In Chinese)

Manying Bai, Weiwei Zhang, On Convertible Bond Issuer's Right to Redeem Bonds and Adjust the Price Of Convertible Stock, Journal of Guangdong Institute of Business Administration, 6 (2005) 50-52. (In Chinese)

Manying Bai, Weiwei Zhang, Analysis of Financial Risks in the Opening-Up Situation of China, Operation and Management Supplement, (2005) 63-65. (In Chinese)

Peng Shi, Manying Bai, The Application of Bayesian Method in ALM for Pension Fund, Application of Statistics and Management, 4 (2005) 46-52. (In Chinese)

Ruoen Ren, Jie Li, Haitao Zheng, Manying Bai, International Comparison of Sino-Japanese Economic scale, the Journal of World Economics, 8 (2006) 3-10. (In Chinese)

Lujie Sun, Manying Bai, Correlation coefficient and Copula, Statistics and Decision, 24 (2006) 60-61. (In Chinese)

Manying Bai, Weiwei Zhang, Effective tool for control and management opportunism - Convertible Bonds, Journal of Inner Mongolia Finance and Economics College, 1 (2006) 72-75. (In Chinese)

Manying Bai, Lujie Sun, The Comparison between Three Copula- VaR Approaches and Traditional VaR Methods, The Journal of Quantitative & Technical Economics, 2 (2007) 154-160. (In Chinese)

Ruoen Ren, Haitao Zheng, Manying Bai, International Comparative Study of Sino-US Economic Scale, China Economic Quarterly, 1 (2006) 39-56. (In Chinese)

Manying Bai, Dan Chen, Further Study on Liability Evaluation for Participating Insurance Life Insurance Companies, Journal of Financial Research, 6 (2007) 164-180. (In Chinese)

Manying Bai,Lujie Sun,Application of Copula and Copula-CVaR in the Multivariate Portfolio Optimization,ESCAPE2007,Hangzhou University,LNCS (2007). (In English, EI)

Manying Bai, Ruoen Ren, Relation of Total Function and Exact Index, Statistical Research, 1 (1999) 42-46. (In Chinese)

Junwei Li, Manying Bai, Research on Construction and Implementation of Deposit Insurance System in China, Insurance Studies, 11 (2007) 24-27. (In Chinese)

Manying Bai, Li Lei, The Prediction of Prospective Scale of China's Implicit Pension Debt, Application of Statistics and Management, 27 (2008) 354-361. (In Chinese)

Manying Bai, Haitao Zheng, Xiaoping Liu, Improvement on Purchasing-Power Parities Index and Its Empirical Study, Statistical Research, 25 (2008) 89-93. (In Chinese)

Manying Bai,Yu Ruan,Valuation of Guaranteed Life Insurance Surrender Option--a Partial Least Square Approach,The 12th International Congress on Insurance: Mathematics and Economics (Read out in the General Assembly) (2008). (In English)

Hongru Wu,Manying Bai,An Empirical Analysis on Interest Rate Elasticity of Demand About Rural Small Credit in China ,2008 International Conference on Wireless Communications,Networking and Mobile Computing,wicom 2008 (2008). (In English, EI)

Hongru Wu,Manying Bai,An Empirical Research on Interest Rate of Village Banks in China under Sustainable Management,2008 International Conference on Wireless Communications,Networking and Mobile Computing,wicom 2008(2008). (In English, EI)

[35] Ma Jie, CC Wang, Manying Bai, Modeling on Interest Rate Behavior of RMB: Comparative Research Based on Vasicek, CIR and CKLS Model. IEEE, 2008, Vol 1-6: 2941-2945. (In English, EI)

Youshuang Wei, Manying Bai, A Preliminary Analysis of Unfeasible Solutions to the Job Shop Scheduling Problem,Sino-Japanese International Conference Papers on Management Science,Dalian, China. (In English, ISTP)

Haitao Zheng, Ruoen Ren, Manying Bai, Assessing China's Industrial Competitiveness by TFP Level Comparison with Japan: 1995-2006, Statistical Research, 2009,7.26(7):87-92. (In Chinese)

Manying Bai, Ruoen Ren, Research on International Comparison and Its Methodology, China Soft Science, 1 (2001) 107-113. (In Chinese)

Szirmai, A, R. Ren and M. Bai, China in the Structure of World Manufacturing, Paper prepared for the conference Transition, Growth and Globalisation. An International Conference on the Chinese Economy, Perth, 7/8 july 2005.

Ruoen, R., A. Szirmai and M. Bai, How Productive is Chinese Manufacturing? 27th General Conference IARIW, Stockholm, August 2002.

Szirmai, A., M. Bai and Ren R., Labour Productivity Trends in Chinese Manufacturing, 1980-99, ECIS Working Paper, 2001.10, October 2001.

Szirmai, A., Bai, Manying and Ren, Ruoen, Labour Productivity Trends in Chinese Manufacturing, 1980-1999, paper for the the International Conference on the Chinese Economy ‘Achieving Growth with Equity’, 4-6 July 2001, Beijing.


1.Levis, Integrity Partners, Manying Bai, Xiaojun Shi, Enterprise Management Publishing House, 2001.5. (Translation)

2.Dave Ulrich, GE Work-Out, Manying Bai et al, China Financial and Economic Publishing House, 2003.6. (Translation)

3.Milton Friedman, Strategy Process - the Rules and Art of Leadership, Manying Bai, Xiaojun Shi, China Financial and Economic Publishing House, 2004.4. (Translation)

4.Manying Bai, Haitao Zheng, Lectures on Life Actuarial Science, Posts & Telecom Press, 2007.01. (textbook)

5.Manying Bai, Haitao Zheng, Theory and Empirical Analysis of Industry Purchasing Power Parity, Aviation Industry Press, 2010.05. (monograph)

Current research fields:

Applied Econometrics; Financial Risk Management; Total Factor Productivity (TFP).