He is a Ph.D. student of the Chinese Academy of Social Sciences. Since 1993, he has been engaged in investment banking business, and has served in China Securities Industry Association, Huaxia Securities (now CITIC Jiantou Securities), United Securities, Huaan Securities, Western Securities, Pacific Securities.
Dr. Cheng is the first batch of investment banking practitioners in China and has extensive practical experience. Dr. Cheng has made outstanding contributions to the theoretical research of the New Third Board, the OTC market, and the technology finance. He has considerable influence in the industry, put forward a complete theoretical system for the construction of the new three boards, and participated in the construction of the new three board system. Recognized as the leader of the new three board market.
Dr. Cheng put forward a series of breakthrough views on the theoretical research and system construction of the New Third Board. He proposed that “the New Third Board is China’s NASDAQ, China’s third exchange” and its listing system in the securities market. The division of the sector, the market maker system and other aspects have unique insights, and adopted by the competent authorities; published several dozens of research results of the new three-board theory in many leading financial media such as China Securities Journal and Shanghai Securities News.