• 2010: Domestic Demand and Wealth Distribution: Some Considerations on Restructuring Microfoundation of Macroeconomics
• 2004: The Difference of Equity Valuation in Hong Kong and Mainland China Stock Markets and Chinese A-H Stock Premium

• Preference Relativity, Ambiguity and Social Welfare Evaluation
• Equity Valuation in Mainland China and Hong Kong: The Chinese A-H Share Premium
• The Full Convertibility of Renminbi: Sequencing and Influence
• Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of WTO Accession to the Mainland and Hong Kong

Dr Zhao gained his B.Sc. in Mathematics from Shandong Normal University and M.Sc. in the field of Probability and Statistics from the Graduate School of Wuhan University. As a lecturer and associate Professor of Shandong University, he had taught Mathematics and Statistics for many years. After his PhD studies in the Graduate School of Chinese Academy of Social Sciences (CASS), focusing on Economic Growth Theory and Financial Developments, he embarked on a two-year postdoctoral research into macroeconomic theory and China's macro-policy analysis. He has published research papers in both Statistics and Economics, some with policy relevancy. As a research fellow at the Institute of Economics, CASS, his current interests are macroeconomic modelling, banking and exchange rate system reforms in China, as well as their implications for the Hong Kong economy.