Portrait
Fengyuan Liu
Ph.D. Student @ the University of Hong Kong
Research
AI for Finance
Quantitative NLP
LLM-driven Quant Research

About Me

My name is Fengyuan Liu. I am a Ph.D. student at the University of Hong Kong, advised by Prof. Qi Liu. I received my master's degree from the University of Oxford, where I was advised by Dr. Jindong Gu and Prof. Philip Torr. Before that, I received a double major from the University of Washington: Computer Science and Applied Computational Mathematical Sciences (Data Science & Statistics).

My previous research spans vision-language robustness, multi-agent systems, and tabular learning. At Oxford, I worked on image origin attribution and adversarial robustness for vision-language models. At Tencent Robotics X, advised by Dr. Rui Zhao, I studied adversarial manipulation in multi-agent systems, factuality and reasoning in vision-language models, and self-play for LLM-based agents. At Tsinghua IIIS, advised by Prof. Jian Li, I worked on automated feature generation for tabular machine learning and smart beta modeling with multi-factor financial data.

My current research focuses on AI for Finance and Quantitative NLP. I welcome collaborations in these directions.

Education

Ph.D. Student
HKU Presidential PhD Scholarship
Hong Kong SAR, China Sep. 2025 - Jun. 2029 (Expected)
M.Sc. in Advanced Computer Science
Oxford, United Kingdom Oct. 2022 - Oct. 2024
B.Sc. in Computer Science
B.Sc. in Applied Computational Mathematical Sciences (Data Science & Statistics)
GPA: 3.95/4.0 (top 1% or higher)
Seattle, WA, USA Sep. 2017 - Mar. 2021
High School
Nantong Middle School Scholarship
Nantong, Jiangsu, China Sep. 2014 - Jun. 2017

Experience

Research Assistant
Hong Kong SAR, China Apr. 2025 - Aug. 2025
Research Intern
Shenzhen, China Jan. 2024 - Oct. 2024
Research Intern, Torr Vision Group, Department of Engineering Science
Oxford, United Kingdom May 2023 - Dec. 2023
Research Intern, ADL Group, Institute for Interdisciplinary Information Sciences
Beijing, China May 2022 - Sep. 2022
Research Intern
Berkeley, CA, USA Sep. 2021 - Jan. 2022
Undergraduate Researcher, Washington Experimental Mathematics Lab
Seattle, WA, USA Jan. 2020 - Mar. 2020

News

πŸŽ‰ One paper has been accepted to ACL 2026 Main.
πŸŽ‰ One paper has been accepted to ACL 2026 Findings.
πŸŽ‰ One paper has been published in Nature Biomedical Engineering.
πŸŽ‰ One paper has been accepted to EMNLP 2025.
πŸŽ‰ One paper has been accepted to ECCV 2024.
πŸŽ‰ One paper has been accepted to ICLR 2024.
πŸŽ‰ One paper has been accepted to ICML 2023.

Selected Publications

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2026

XALPHA: A Memory-Driven AI Quant Researcher for Hypothesis-to-Code Alpha Discovery

Fengyuan Liu, Yuchen Fu, Yuqi Wang, Qi Liu

arXiv preprint arXiv:2607.08332, 2026

Financial markets are noisy, non-stationary, and high-dimensional, making it difficult to discover predictive and robust trading signals. Alpha discovery has evolved from manual factor design to machine learning, evolutionary search, and recent LLM-based frameworks, improving the efficiency of factor generation, search, and evaluation.

Cognitive Alpha Mining via LLM-Driven Code-Based Evolution

Fengyuan Liu, Yi Huang, Sichun Luo, Yuqi Wang, Yazheng Yang, Xinye Li, Zefa Hu, Junlan Feng, Qi Liu

Proceedings of the 64th Annual Meeting of the Association for Computational Linguistics (Volume 1: Long Papers), 2026

Discovering effective predictive signals, or β€œalphas,” from financial data with high dimensionality and extremely low signal-to-noise ratio remains a difficult open problem. Despite progress in deep learning, genetic programming, and, more recently, large language model (LLM)–based factor generation, existing approaches still explore only a narrow region of the vast alpha search space.

ALPHAQT-BENCH: Diagnosing the Gap between Financial Code Generation and Quantitative Reasoning in LLMs

Sichun Luo, Yi Huang, Shichang Meng, Fengyuan Liu, Mukai Li, Qinghua Yao, Zefa Hu, Junlan Feng, Qi Liu

Findings of the Association for Computational Linguistics: ACL 2026, 2026

Large Language Models (LLMs) are increasingly applied to alpha mining in quantitative finance, marking a shift from generating simple symbolic formulas to producing executable, code-based strategies. While code generation offers greater expressiveness, it introduces critical risks absent in symbolic approaches, including temporal causality violations (look-ahead bias) and stateful logic bugs.

A Collaborative Large Language Model for Drug Analysis

Hongjian Zhou, Fenglin Liu, Jinge Wu, Wenjun Zhang, Guowei Huang, Lei Clifton, David Eyre, Haochen Luo, Fengyuan Liu, Kim Branson, Patrick Schwab, Xian Wu, Yefeng Zheng, Anshul Thakur, David A Clifton

Nature Biomedical Engineering, 2026

Large language models (LLMs), such as ChatGPT, have substantially helped in understanding human inquiries and generating textual content with human-level fluency. However, directly using LLMs in healthcare applications faces several problems.

2025

Can an Individual Manipulate the Collective Decisions of Multi-Agents?

Fengyuan Liu, Rui Zhao, Shuo Chen, Guohao Li, Philip Torr, Lei Han, Jindong Gu

Proceedings of the 2025 Conference on Empirical Methods in Natural Language Processing, 2025

Individual Large Language Models (LLMs) have demonstrated significant capabilities across various domains, such as healthcare and law. Recent studies also show that coordinated multi-agent systems exhibit enhanced decision-making and reasoning abilities through collaboration.

2024

An Image Is Worth 1000 Lies: Adversarial Transferability across Prompts on Vision-Language Models

Haochen Luo*, Jindong Gu*, Fengyuan Liu, Philip Torr (* equal contribution)

International Conference on Learning Representations (ICLR 2024), 2024

Different from traditional task-specific vision models, recent large VLMs can readily adapt to different vision tasks by simply using different textual instructions, i.e., prompts. However, a well-known concern about traditional task-specific vision models is that they can be misled by imperceptible adversarial perturbations.

2023

OpenFE: Automated Feature Generation with Expert-Level Performance

Tianping Zhang, Zheyu Aqa Zhang, Zhiyuan Fan, Haoyan Luo, Fengyuan Liu, Qian Liu, Wei Cao, Li Jian

International Conference on Machine Learning (ICML 2023), 2023

The goal of automated feature generation is to liberate machine learning experts from the laborious task of manual feature generation, which is crucial for improving the learning performance of tabular data. The major challenge in automated feature generation is to efficiently and accurately identify effective features from a vast pool of candidate features.

Miscellaneous

Certifications
  • CFA Level I
Interests
  • In my spare time, I play piano, enjoy working out, and practice Chinese martial arts.