Personal profile
Biography
Bing Xu is a Professor of Finance at the Heriot-Watt University. She holds a MA (Hons) in Business Studies & Accounting and a PhD in Management both from the University of Edinburgh. She is also the President-elect for the Chinese Economic Association (CEA) UK/Europe.
Research interests
Bing’s research employs a systems approach to accelerate the transition to a circular economy and advance net-zero goals, particularly from business and finance perspectives. She applies this expertise across key industries such as like electronics, chemicals, and the food and drink sector (including sustainable cooling and cold chains). As a leader of the "Policy, Society and Finance" theme for several UKRI-funded initiatives, she actively works to address systemic barriers to the circular economy by focusing on business and finance models, social dynamics, investment strategies, and policies. Current key projects include:
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ZECC: Zero Emission Cold-Chain (EPSRC, EP/V042548/1; May 2021 - May 2026).
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REACT: Responsible Electronics and Circular Technologies Centre (NERC, UKRI240; Oct 2024 - Sep 2028).
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SCI-FI: Sustainable Cooling Infrastructure for Fisheries in Indonesia (EPSRC, UKRI310; Jan 2025 - Dec 2027).
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ACCU: Scale-up for Algae-based Carbon Capture and Utilisation (EPSRC, UKRI783; Jul 2025 - Jun 2027).
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Better Water for All: Equitable and Resilient Access to High-Quality Water for Future Generations (EPSRC, UKRI398; Oct 2025 - Sep 2028).
Her past contributions extend to notable projects such as the UKRI Interdisciplinary Centre for Circular Chemical Economy (EPSRC, EP/V011863/1); Digital Circular Electrochemical Economy (EPSRC, EP/V042432/1); GREEN ICEs (EPSRC, EP/T022701/1); Sustainable Cold-Chain Systems for Food Resilience (UKERC); Low Carbon Jet Fuel (EPSRC, EP/N009924/1).
She has published in journals such as Annals of Operations Research, Applied Energy, Economics Letter, Energy Economics, Energy Journal, Journal of Environmental Management, Journal of Financial Stability, Journal of International Financial Markets, Institutions & Money, International Journal of Production Economics, International Review of Financial Analysis, Transportation Research Part A: Policy and Practice, among others.
Bing is interested in taking PhD students to work on sustainable finance, circular economy, and decision-making analysis.
External positions
Honorary Professor, Tianjin University of Finance and Economics
Dec 2021 → …
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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SDG 2 Zero Hunger
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SDG 3 Good Health and Well-being
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SDG 7 Affordable and Clean Energy
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SDG 8 Decent Work and Economic Growth
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SDG 11 Sustainable Cities and Communities
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SDG 12 Responsible Consumption and Production
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SDG 13 Climate Action
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Collaborations and top research areas from the last five years
Research output
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Introducing stochastic data envelopment analysis models for evaluating circular economy performance in European countries: pathways towards sustainability
Arabi, B., Toloo, M., Farnoudkia, H. & Xu, B., Mar 2026, In: OR Spectrum. 48, 1, p. 185-222 38 p.Research output: Contribution to journal › Article › peer-review
Open AccessFile1 Link opens in a new tab Citation (Scopus)2 Downloads (Pure) -
The synergistic effects of demand-pull and supply-push policies on firm’s green innovation: Evidence from China
Ma, J., Chen, X., Feng, T., Xu, B., Lu, H. & Guo, Q., Jan 2026, In: Economic Analysis and Policy. 89, p. 527-541 15 p.Research output: Contribution to journal › Article › peer-review
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Advancing the Circular Economy: Business and Finance Perspectives: Insights and evidence from the NICER Programme
Xu, B., Nguyen, H. T., Ma, Q. & Bititci, U., 2025, 24 p.Research output: Book/Report › Commissioned report
Open AccessFile221 Downloads (Pure) -
Building a Circular Future For Electronics Through Responsible Innovation: Insights From REACT
Acur, N., Carbajal, C., Zhou, Q. & Xu, B., Sept 2025, 17 p.Research output: Book/Report › Other report
Open AccessFile36 Downloads (Pure) -
Carbon markets and firms’ perceived climate regulatory risk
Adamolekun, G., Li, H. & Xu, B., Oct 2025, In: Journal of Environmental Management. 393, 127050.Research output: Contribution to journal › Article › peer-review
Open AccessFile2 Link opens in a new tab Citations (Scopus)21 Downloads (Pure)
Datasets
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Public Attention Text Dataset on Circular Economy for Topic Modelling
Song, J. (Creator), Yuan, Y. (Creator), Chang, K. (Creator), Xu, B. (Creator), Xuan, J. (Creator) & Pang, W. (Creator), Heriot-Watt University, 25 Jun 2025
DOI: 10.17861/85bf3f9d-dc42-4b5c-8e29-47ddd0f0f687
Dataset
Prizes
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Heriot-Watt PRIME Sustainable Futures
Marques-McEwan, M. (Recipient) & Xu, B. (Recipient), 2024
Prize: Prize (including medals and awards)
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Principal’s Research Impact and Engagement (PRIME) Awards for Sustainable Futures
Xu, B. (Recipient), Pang, W. (Recipient), Yuan, Y. (Recipient) & Ma, Q. (Recipient), Jul 2024
Prize: Prize (including medals and awards)
Activities
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Tire2Tire Project Launch meeting
Bucknall, D. (Organiser), McCoustra, M. (Participant), Van der Spek, M. (Speaker), Sweeney, E. (Participant), Vilela, F. (Participant), Xu, B. (Speaker) & Scurr, D. J. (Participant)
11 May 2026Activity: Participating in or organising an event › Hosting a visiting group
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Financing Net Zero: Risks, Resilience and the Future of the Transition
Aravena, C. (Chair), Xu, B. (Organiser), Halland, H. (Chair) & Sheng, I. (Organiser)
23 Apr 2026Activity: Participating in or organising an event › Participation in workshop, seminar, course
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Zero Emission Cold Chain Workshop
Arabi, B. (Organiser) & Xu, B. (Organiser)
28 Nov 2023Activity: Participating in or organising an event › Participation in workshop, seminar, course
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Response to Circular economy (Scotland) Bill
Marques-McEwan, M. (Contributor), Xu, B. (Contributor) & Bititci, U. S. (Contributor)
2023Activity: Other
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The 20th Annual Conference of the Chartered Institute of Logistics & Transport, Kenilworth
Holden, R. (Invited speaker), Xu, B. (Invited speaker), Greening, P. (Invited speaker) & Dadhich, P. (Invited speaker)
18 Jun 2015Activity: Participating in or organising an event › Participation in conference