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.