Lei Wang is an associate professor at the School of Economics and Management of Nanjing Tech University. He received his doctorate in management from Southeast University. He is a senior visiting scholar at the Jiangsu Academy of Social Sciences, a director of the Jiangsu Capital Market Research Association, a researcher at the “Nanjing Tech University Emergency Governance and Policy Research Institute”, a key think tank cultivated by Jiangsu Province, a researcher at the “Jiangsu Industrial Carbon Peaking and Carbon Neutrality Research Base”, a decision-making consulting research base of Jiangsu Province, and a researcher at the “Tongxinhuizhi” research team of Nanjing Tech University. His research directions include industrial transformation financial risk governance, and liquidity risk management. He presided over the Ministry of Education’s Youth Fund Project for Humanities and Social Sciences Research, the Jiangsu Province Soft Science Research General Project, the Jiangsu Province Social Science Applied Research Quality Engineering Project Key Funding Project, and the Jiangsu University Philosophy and Social Sciences Research General Project. He won the “Management Science Award” of the 8th China Management Science Society, the first prize for outstanding papers at the 15th and 16th Academic Conferences of Jiangsu Philosophy and Social Sciences, etc.