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Zhongshi Xing

Publications and source records attributed to Zhongshi Xing.

2 recordsLinked to original sources
arXiv2026

MEME: Modeling the Evolutionary Modes of Financial Markets

LLMs have demonstrated significant potential in quantitative finance by processing vast unstructured data to emulate human-like analytical workflows. However, current LLM-based methods primarily follow either an Asset-Centric paradigm focused on individual stock prediction or a Market-Centric approach for portfolio allocation, often remaining agnostic to the underlying reasoning that drives market movements. In this paper, we propose a Logic-Oriented perspective, modeling the financial market as a dynamic, evolutionary ecosystem of competing investment narratives, termed Modes of Thought. To operationalize this view, we introduce MEME (Modeling the Evolutionary Modes of Financial Markets), designed to reconstruct market dynamics through the lens of evolving logics. MEME employs a multi-agent extraction module to transform noisy data into high-fidelity Investment Arguments and utilizes Gaussian Mixture Modeling to uncover latent consensus within a semantic space. To model semantic drift among different market conditions, we also implement a temporal evaluation and alignment mechanism to track the lifecycle and historical profitability of these modes. By prioritizing enduring market wisdom over transient anomalies, MEME ensures that portfolio construction is guided by robust reasoning. Extensive experiments on three heterogeneous Chinese stock pools from 2023 to 2025 demonstrate that MEME consistently outperforms seven SOTA baselines. Further ablation studies, sensitivity analysis, lifecycle case study and cost analysis validate MEME's capacity to identify and adapt to the evolving consensus of financial markets. Our implementation can be found at https://github.com/gta0804/MEME.

cs.AI↗
arXiv2026

DRAGON: Domain-specific Robust Automatic Data Generation for RAG Optimization

Retrieval-augmented generation (RAG) can substantially enhance the performance of LLMs on knowledge-intensive tasks. Various RAG paradigms - including vanilla, planning-based, and iterative RAG - all depend on a robust retriever, yet existing retrievers rely heavily on public knowledge and often falter when faced with domain-specific queries. To address these limitations, we introduce DRAGON, a framework that combines a data-construction modeling approach with a scalable synthetic data-generation pipeline, specifically designed to optimize domain-specific retrieval performance and bolster retriever robustness. To evaluate RAG performance on domain-specific RAGs, we propose DRAGONBench, a benchmark spanning 8 domain-specific document collections across 4 distinct fields and featuring a wide spectrum of query complexities, answerability, and hop numbers. Leveraging DRAGON, we generate a large-scale synthetic dataset - encompassing both single-hop and multi-hop queries - to enrich retriever training. Extensive experiments demonstrate that retrievers trained on this data yield significant performance gains and exhibit strong cross-domain generalization. Moreover, when our optimized retrievers are integrated into vanilla, planning-based, and iterative RAG paradigms, we observe consistent end-to-end improvements in system accuracy.

cs.AI↗