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CHINESE FINANCE ASSOCIATION

NEW YORK, NY · EIN 770368617 · Form 990 · FY2025 · NTEE A99Z · Arts, Culture & Humanities · Small ($100K-$1M) · tcfaglobal.org
revenue
$161K
expenses
$69K
net assets
$210K
employees
0
volunteers
40
program ratio
80%
mission · from form 990

SCIENTIFIC, EDUCATION AND CHARITABLE PURPOSE

profile · synthesized from sources

The Chinese Finance Association (TCFA) is a nonprofit organization focused on advancing financial knowledge and fostering professional connections within the Chinese finance community. It hosts high-profile conferences and summits that bring together industry leaders to discuss trends in cryptocurrency, AI, and traditional finance. The organization operates primarily in New York City and engages professionals across the global financial sector.

irs program accomplishments · form 990 part iii · fy2025

What they reported doing

  1. #1 primary $10K
    2025 TCFA HOSTED THE CRYPTO AND AI SUMMIT OF 2025.THIS HIGH-ENERY EVENT BROUGHT TOGETHER INDUSTRY LEADERS TO EXPLORE THE INTERSECTION OF CRYPTOCURRENCY, MARKET TRENDS, AND AI INNOVATION, FOCUSING ON THE CONVERGENCE OF TRADFI AND CRYPTO.
named programs · 2 · from sources

What they call their work

Crypto and AI Summit
Annual event exploring the intersection of cryptocurrency, market trends, and AI innovation, with a focus on the convergence of traditional finance and crypto industries
TCFA Annual Conference
Gathering of finance professionals featuring industry leaders; held in New York City with over 1,100 participants in 2019
activities · 5 groups

What they do

  • Professional Networking Events 1 activity
    • Conducts and sponsors professional development events and mentorship programs
      Organizes and sponsors career development workshops, investment contests, mentor programs, and seminars through its 15 global chapters to support professional growth in finance.
  • Economic and Financial Research 1 activity
    • Conducts research and publishes on the Chinese financial system
      Advances the study of the Chinese financial system through regular publications, special projects, and annual meetings that bring together academic and industry expertise.
  • Professional Conference & Symposium Organization 1 activity
    • Hosts annual and specialized conferences on AI, cryptocurrency, and capital markets
      Organizes large-scale conferences such as the Annual Conference on AI in Finance and the Crypto and AI Summit, featuring virtual and in-person sessions with industry and academic leaders. Events include keynote speakers, panel discussions, and attract over 1,000 participants, as seen in the 2019 Annual Conference held in New York City.
  • Regular Membership Meetings 1 activity
    • Hosts biennial conferences and conducts organizational elections
      Hosts conferences and conducts elections every two years as part of its organizational governance and member engagement cycle.
  • Uncategorized 3 activities
    • Applies AI and technical expertise to optimize internal operations and event management
      Uses AI and technical innovation to solve operational challenges and enhance event success for the association, integrating technology into day-to-day functions.
    • Develops and provides structured finance content, data, and analytics
      Creates and delivers structured finance content, data, software, cashflow services, and analytics for securitization professionals across asset classes including RMBS, ABS, CLO, and CMBS, serving nearly 500 institutions and over 2,000 clients globally.
    • Holds patent for investment portfolio optimization methodology
      Holds a patent for constructing a turnover-efficient frontier in investment portfolios, contributing to innovation in portfolio management and financial research.
financials · form 990 · fy2025
revenue
Total revenue$161K
Contributions & grants$161K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$69K
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$0
Grants paid out$10K
Largest expense lineProfessional Fees
balance sheet
Total assets$210K
Cash$210K
Investments$0
Liabilities$0
Net assets$210K
Liquid reserves36.4 mo
4 years on record · 2020–2025 · YoY revenue +213.4%
leadership · form 990 part vii · fy2025

Who runs it

board members · 9
  • HUI SHAO — DIRECTOR
  • JOY ZHANG — DIRECTOR
  • KESI WANG — DIRECTOR/CFO
  • MAGGIE WANG — PRESIDENT
  • MUTING REN — DIRECTOR
  • SHAWN FAN — DIRECTOR
  • WEN LI — DIRECTOR-ELECT
  • WENZHE ZHAO — CHAIRMAN OF THE BOARD
  • YIWEI LIU — DIRECTOR
relationships · 21

Who they work with

  • Accounting Committee Partner — Independent committee responsible for financial oversight, budget review, and audit coordination.
  • Bloomberg Partner — Sam Zhang was a Senior Software Engineer at Bloomberg, indicating prior organizational affiliation
  • Cambridge University Network — Educational institution where Wenzhe Zhao earned a Master of Philosophy in Economics.
  • Citigroup Global Markets Partner — Former employer where Wen Li worked prior to joining Moody’s.
  • Columbia University Partner — Howard Zhu holds a Master’s degree in Computer Science from Columbia University.
  • Columbia University Partner — Sam Zhang holds a Master’s degree in Computer Science from Columbia University
  • Credit Suisse Partner — Former employer where Wenzhe Zhao served as Director and senior Global Economist.
  • Fordham University School of Law Partner — Hosted the annual conference in-person at its New York campus.
  • Fordham University School of Law Partner — Hosted the in-person portion of TCFA's 31st Annual Conference in 2025.
  • Fudan University Partner — Howard Zhu holds a Bachelor’s degree in Biophysics from Fudan University.
  • ING Investment Management Partner — Howard Zhu previously served as a Client Portfolio Manager at ING Investment Management in Hong Kong.
  • Investment Technology Group Partner — Howard Zhu was a Research Analyst at Investment Technology Group (ITG) in Boston.
  • London School of Economics Network — Educational institution where Wenzhe Zhao earned a First Class BSc in Economics.
  • MSCI Partner — Howard Zhu serves as Managing Director and Head of Analytics for the Americas at MSCI.
  • Moody’s Analytics Partner — Employer and institutional base for professional leadership and content development in structured finance.
  • Progressive Capital Management Partner — Employer where Wenzhe Zhao serves as an Economist managing a fixed-income investment portfolio.
  • The Chinese Finance Association Partner — Susan Song serves as Legal Counsel for The Chinese Finance Association.
  • Thomson Reuters Partner — Sam Zhang delivered enterprise big data systems for Thomson Reuters as an external consultant
  • UBS Partner — Sam Zhang delivered enterprise big data systems for UBS as an external consultant
  • University of Washington Partner — Howard Zhu pursued doctoral studies in statistics at the University of Washington.
  • ZMMC Partner — Sam Zhang serves as Head of AI at ZMMC, indicating a professional affiliation
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Cross-Sector Convening for Innovation
    methodology: cross-sector-knowledge-exchange
    By bringing together academics, industry leaders, and innovators, the organization fosters collective insight on emerging trends like AI and cryptocurrency, because interdisciplinary exchange accelerates the integration of traditional finance with new technologies.
  • Research-Driven Industry Advancement
    methodology: research-driven_economic_analysis
    By conducting rigorous research on macroeconomic factors and investment strategies, the organization informs and shapes industry practice and economic development, because evidence-based analysis leads to more effective financial decision-making and systemic innovation.