Neural Network Based Models for Value-at-Risk Analysis
Kin Keung Lai

Although the original concept is simple and straightforward, the VaR estimation is in fact a very tough statistical proposition and unfortunately none of the traditional methods has achieved convincing results. The main reason behind this inefficiency is the overlooking of the stylised facts of asset return series and subsequent mis-specification of model assumptions. The primary purpose of this talk is the development and presentation of new methods based on neural networks for VaR estimation with application to financial time series in Asia markets.


黎建强教授,美国密歇根州立大学博士, 香港城市大學管理科学讲座教授,曾任香港国泰航空公司的高级运筹分析师以及美商联合炭化公司远东区域经理,负责市场信息系统的建立与运作。
Bio of Professor Lai Kin Keung
Professor Lai received his PhD at Michigan State University, USA. He is currently the Chair Professor of Management Science at the City University of Hong Kong. Prior to his current post, he was a Senior Operational Research Analyst for Cathay Pacific Airways and an Area Manager on Marketing Information Systems for Union Carbide Eastern.
Professor Lai’s main areas of expertise are operations and supply chain management, financial and business risk analysis. Professor Lai has actively engaged in management consultant projects for corporations and organizations in Hong Kong and China, on operations management and financial engineering. He is the Founding Chairman of the Operational Research Society of Hong Kong which was established in 1979. Currently he is the President of the Asia Association on Risk and Crises Management. He is a Certified Senior Enterprise Risk Manager. He is also a member of the Hong Kong Professionals and Senior Executives Association, a Fellow of the Hong Kong Institute of Directors. He was the President of the Asia Pacific Industrial Engineering and Management Society and the Dean of the College of Business Administration, Hunan University, China.

In 2009, Professor Lai is the recipient of the Joon S. Moon Distinguished International Alumni Award of the Michigan State University and also appointed as the Chang Jiang Scholar Chair Professor by the Ministry of Education, China.

Energy Internet

This talk provides an overview introduction to Energy Internet, including its concept, the state of art, architecture and technical challenges.The merging of energy and information infrastructure is especially described.

Junwei Cao received the PhD degree in computer science from University of Warwick, United Kingdom,
in 2001. He received the master’s and bachelor’s degrees from Tsinghua University in 1998 and 1996,
respectively. He is currently a Professor and Deputy Director of the Research Institute of Information
Technology, Tsinghua University, China. He is also the Director of the Open Platform & Technology
Division, Tsinghua National Laboratory for Information Science and Technology, Beijing, China. His
research is focused on distributed computing technology and energy/power applications. Before joining Tsinghua in 2006, he was a research scientist at the Massachusetts Institute of Technology. Before that, he worked as a research scientist at NEC Europe Ltd., Germany. He has published more than 150 academic papers and books with 6000+ citations. He is a senior member of the IEEE Computer Society and a member of the ACM and CCF.

IM Based on Semantic P2P Network
This talk provides framework of Instant message based on Semantic P2P networks and β version and development plan of a company.


Prof. Huang works on challenges about Cloud Computing and P2P computing. He has worked on e-Science and Grid computing since the beginning of 2000’s. He was honored in Marquis Who’s Who in the World 2006, Marquis Who’s Who in the Science and Engineering 2006-2007, and Marquis Who’s Who in Asia 2006-2007 due to his achievement of proposing Virtual and Dynamic Hierarchical Architecture for e-Science and Grid and VIRGO protocols. He serves as program committee member of many international conferences. He has contributed over 100 technical papers to various conferences and refereed journals.

Prof. Huang now is a Director of Network & Distributed Computing at Zhejiang Sci-Tech University (ZSTU). Prior to joining ZSTU, Prof. Huang worked as a Senior Research Associate in the School of Computer Science at Cardiff University since 2004. Before working at Cardiff University, he developed many large software systems in several companies, as technical leader or department manager. He obtained his Ph.D. in Computer Science from Zhejiang University in 2003, Bachelor’s From Nanchang University in 1982, and Master’s from Hangzhou University in 1984.

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