In this paper we consider Huang--Li nonlinear financial system recently studied in the literature. It has the form of three first order differential equations \[ \dot x=z+(y-a)x,\quad \dot y=1-b y-x^2,\quad \dot z=-x-c z, \] where $(a,b,c)$ are real positive parameters. We show that this system is not integrable in the class of functions meromorphic in variables $(x,y,z)$. We give an analytic proof of this fact analysing properties the of differential Galois group of variational equations along certain particular solutions of the system.
Categories: nlin.CD