For his doctoral thesis Bayesian Modeling of Conditional Densities, which he defended on the 10th of June 2013 at Stockholms University, Feng Li received the Cramér Prize. The award was presented at the Cramér Society annual meeting and spring conference, which was held at Stockholm University on the 20th of March 2014.

Feng Li's thesis was chosen among several nominees and he received a reward of 5000 SEK and a diploma for it. The nominated thesis was judged by scientific and pedagogical quality. The highly interesting lecture given by Feng Li was recorded in China and after the lecture he was available for questions from the audience through Skype.