Dr Ruoying Chen

Senior Lecturer
J.S.D. (UChicago), M.Juris (Oxford), BA in Law (PKU), member of the New York Bar (retired)

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Ruoying Chen conducts research on the intersection between private law and regulatory theories/practice, especially across the financial and securities market, eminent domain/real estate market, and environmental regulation/climate change, with a comparative approach, especially between the US and China.

She has a special focus on market-oriented initiatives, local-government activities, and preventive measures and remedies provided within various regulatory regimes, as an alternative or supplement to traditional & centralized legal tools and remedies, with a special focus on China.

Before switching to an academic career, she worked for international law firm Freshfields Bruckhaus Deringer in its Beijing office and Hong Kong office for five years on cross-border M&As, capital market work and restructuring of the banking and telecom industries in China.

She holds:
J.S.D. from the University of Chicago (John. M. Olin Scholar)
M.Juris from the University of Oxford (Chevening Scholar & Shell Centenary Scholar)
BA in Law from Peking University


  • Senior Lecturer, ANU College of Law, Australian National University (2023/2-) 
  • Associate Professor & Assistant Professor, PKU Law School, Peking University 
  • Global Law Professor & the 2019 Dieter Heremans Lecturer in Law & Economics, KU Leuven, Faculty of Law 
  • Dean's Research Fellow & Senior Lecturer, UNSW Business School 
  • Visitng Associate Professor & Visiting Assistant Professor, Lecturer & John.M.Olin Fellow in Law & Economics, the University of Chicago Law School 
  • Associate & Legal Consultant, Freshfields Bruckhause Deringer, Beijing & Hong Kong offices 

Research biography

Selected publications in English:

Shareholder Activism in China: A Special Case for A State-Affiliated Service Center For Medium and Small Investors, in GERMAN AND EAST ASIAN PERSPECTIVES ON CORPORATE AND CAPITAL MARKET LAW, edited by Fleischer, H.; Kim, K.H.& Mülbert, P., Jan 2020, Mohr Siebeck, Hamburg Germany

“Bike Litter” and Obligations of Operators: Lessons from China’s Dockless Sharing Bikes, COMPUTER LAW & SECURITY REVIEW, Elsevier, vol.35, Iss.5, Oct. 2019, pp1-12

Empirical Law and Economics Scholarship in China: Methodologies and Challenges. ASIAN JOURNAL OF LAW AND SOCIETY 4(2), 329-348, 2017

Sub-optimal Judicial Guidance and Conflicting Regulatory Objectives—Why Division of Corporations Widely Seen for Close-corporations but so Rare for Stock Market in China, PEKING UNIVERSITY LAW JOURNAL (2017, 5:1, 165-186)

Legal Institutions and Initial Public Offering Puzzles (co-authored with Saul Levmore), PEKING UNIVERSITY LAW JOURNAL, Vol. 4, Issue 2, Dec 2015, pp 385-400, featured in Harvard Law School Forum on Corporate Governance and Financial Regulation, Jan 10, 2017

Evolution of Business Organization Law in China: Theoretical and Empirical Perspective, Chapter 9 in PRIVATE LAW IN CHINA AND TAIWAN: ECONOMIC AND LEGAL ANALYSIS, edited by Wen-yeu Wang, Wei Shen & Yun-chian Chang, Cambridge University Press, Nov. 2016, pp 245-274.

Informality of Regulation and Its Impact on Human Capital Development in China, Chapter 8 in REGULATING THE VISIBLE HAND? THE INSTITUTIONAL IMPLICATIONS OF CHINESE STATE CAPITALISM, edited by Curtis Milhaupt & Ben Liebman, Oxford University Press, Nov. 2015, pp151-174.

Invited Takings---Supermajority, Assembly Surplus and Local Public Financing, IOWA LAW REVIEW, No. 6, Vol. 100, Aug. 2015, pp2309-2340.

Selected publications in Chinese:

“驱魅SPAC——兼论我国上市公司公众投资者保护法律制度”,《清华金融评论》,2021年第7期,总第92期,第33-38页 De-Charm SPAC——Legal Institutions for Protecting Public Investors of Listed Companies in China

“实证研究的两条路径:以法律经济学为例”,程金华、张永健编,《法律实证研究:入门读本》中的第19章,法律出版社,2020年8月出版 Two Paths of Empirical Legal Study: the Case of Law and Economics

“导言”(与Omri Ben-shahar合写),《法律和社会科学》消费者保护专号,第14卷,第2辑,2015年,第1-8页 Preface for Symposium on Law and Economics of Consumer Protection, 2015 (co-authored with Omri Ben-Shahar, 2015)

“感性与理性之间的选择——评《气候变化正义》和减排规制手段”:《政法论坛》2013年第2期 ,第121-130页 Choice between Emotion and Reason: A Comment on Climate Change Justice and Regulatory Tools to Reduce Emission, 2013

“超脱或应对——法院与市场规制部门之间的竞争”:《北大法律评论》第14卷∙第1辑,第52-60页 Overcoming or Responding: Competition between Court and Regulatory Agencies (2013)

“信息公开——强制征地制度的第三维度”,《中外法学》,2011年第2期,第270-284页 , 全文转载于中国人民大学书报资料中心复印报刊资料《宪法与行政法》,2011年第7期 Information Transparency: The Third Dimension of Eminent Domain Power, 2011.

Currently supervising

SJD supervision



MPhil supervision



LLM Masters thesis supervision



Honours thesis supervision



Internship supervision



Updated:  10 August 2015/Responsible Officer:  College General Manager, ANU College of Law/Page Contact:  Law Marketing Team