Lingnan Fellow

Professor Shige PENG

Professor Shige Peng is an academician of the Chinese Academy of Sciences and Chair Professor at Shandong University, where he directs the Research Center for Mathematics and Interdisciplinary Sciences. Internationally recognised for his pioneering work in stochastic analysis, financial mathematics, and stochastic control, Professor Peng co-founded the theory of Backward Stochastic Differential Equations (BSDE) with Professor Pardoux in 1990, established the nonlinear Feynman-Kac formula, and derived the general maximum principle for optimal stochastic control—regarded as "one of the two main advances in the last twenty years" in the field. He also developed the theory of nonlinear expectation, introducing influential concepts such as G-Brownian motion and G-stochastic differential equations.

Professor Peng’s achievements have earned him numerous prestigious awards, including the National Natural Science Award (Second Class, 1995), the Shandong Provincial Science and Technology Award (Highest Class, 2003), the First Su Buchin Applied Mathematics Prize (2006), the Tan Kah Kee Science Award in Mathematics (2008), the Hua Loo-Keng Prize of Mathematics and appointment as a Princeton Global Scholar at Princeton University (both in 2011), the Qiu Shi Science Award (2016), the Future Science Prize (2020), and election as a Fellow of the European Academy of Sciences (2023). He has also been invited to deliver plenary lectures at the International Congress of Mathematicians (2010) and the 8th International Congress on Industrial and Applied Mathematics (2015). His research results have been widely cited both domestically and internationally and have received numerous public accolades, driving the development of related disciplines such as stochastic control theory, financial mathematics, and stochastic analysis theory.