Chinese Financial Markets Sept -Dec 2016, By Xiaorong Zhang For Asian Business School Program and Exchange Students in Fudan Course Description Dynamics in the Chinese financ ial markets has attracted much international attention. This course aims to providing the internat ional students with an understanding of how the Chinese financ ial markets originated and developed, what reforms have been done, the Chinese characteristics, the challenges in future reforms, and possible steps the government would take in the follow ing 5 years This course is a 3-credit elective for students in the 3rd or 4th year of their university study. Starting with a comprehensive introduction, the course covers the major financ ial markets in China, includ ing the central bank, the commercial bank ing system, the security market, and the foreign exchange market Each market will be an indiv idual topic, for which the course first reviews the fundamental concepts and theories, then explains the history and facts in China, presents examples and cases, and fnally talks about the future reforms The total teaching time will be 3 teaching hours each in 16 weeks, including the final. In completing the course, students are required to do one presentation in the class in groups, which accounts for 30% in the final grading. The presentation will be 25-30 minutes, and can be topic related to the financ ial markets, not lim ited to China. International students are strongly encouraged to share their countries'experience with others and provide a global perspective for the course The final is an indiv idual work of thesis writing (5-8 pages) on any topic related to the Chinese financial markets, which accounts for 50% in the grading Students should use what they learn in the class and what they read in the media to write a logical, well-structured and integrated The course will be conducted in English. Textbooks instructor,'s ppt files and the final exam will all be provided in English Textbook Foundations of Financial Markets and Institutions(4th Edit ion ) by Frank J Fabozzi, Franco Modigliani, Frank J. Jones, ISBN: 978-7-111-32325-9, November 1, 2010, Pearson Education (Re-printed by China Machine Press
Chinese Financial Markets Sept. ~ Dec. 2016, By Xiaorong Zhang For Asian Business School Program and Exchange Students in Fudan Course Description Dynamics in the Chinese financial markets has attracted much international attention. This course aims to providing the international students with an understanding of how the Chinese financial markets originated and developed, what reforms have been done, the Chinese characteristics, the challenges in future reforms, and possible steps the government would take in the following 5 years. This course is a 3-credit elective for students in the 3rd or 4th year of their university study. Starting with a comprehensive introduction, the course covers the major financial markets in China, including the central bank, the commercial banking system, the security market, and the foreign exchange market. Each market will be an individual topic, for which the course first reviews the fundamental concepts and theories, then explains the history and facts in China, presents examples and cases, and finally talks about the future reforms. The total teaching time will be 3 teaching hours each in 16 weeks, including the final. In completing the course, students are required to do one presentation in the class in groups, which accounts for 30% in the final grading. The presentation will be 25-30 minutes, and can be any topic related to the financial markets, not limited to China. International students are strongly encouraged to share their countries’ experience with others and provide a global perspective for the course. The final is an individual work of thesis writing (5-8 pages) on any topic related to the Chinese financial markets, which accounts for 50% in the grading. Students should use what they learn in the class and what they read in the media to write a logical, well-structured and integrated thesis. The course will be conducted in English. Textbooks, instructor’s PPT files and the final exam will all be provided in English. Textbook Foundations of Financial Markets and Institutions (4th Edition ), by Frank J. Fabozzi, Franco Modigliani, Frank J. Jones, ISBN: 978-7-111-32325-9，November 1, 2010, Pearson Education （Re-printed by China Machine Press）
Grading Classroom attendance and participation Classroom project presentation 30 Final thesis(individual) 50% Teaching agenda Week I(Sept. 8): Course Introduction, Overview of Financial Markets Week 2(Sept 15): Mid-Autumn Day Holiday, no class Week 3 (Sept 22): the Central Bank Week 4 (Sept. 29): the Central Bank Week 5(Oct. 8): the Banking System in China Week 6(Oct. 13 ): the Banking System in China Week 7(Oct. 20) the Stock Market in China Week&(oct.27):VisitingYonglibao.com Week 9(Nov 3) the Stock Market in China Week 10(Nov 10): RMB Exchange Rate Regime and RMB Internationalization Week 1l(Nov. 17): RMB Exchange Rate Regime and RMB Internationalization Week 12(Nov 24 ): Vis iting Shanghai Futures Exchange Week 13(Dec. 1): RMB Exchange Rate Regime and RMB Internationalization and Course Wrap-up Week 14 (Dec 8): Students Classroom Presentation Week 15(Dec. 15): Students'Classroom Presentation; Course Wrap-up Week 16(Dec. 22): Individual Thesis Tutoring Week 17-18: Student Individual Thesis writing Individual Thes is due on Jan. 5th 2017
Grading Classroom attendance and participation 20% Classroom project presentation 30% Final thesis (individual) 50% Teaching Agenda Week 1 (Sept. 8): Course Introduction, Overview of Financial Markets Week 2 (Sept. 15): Mid-Autumn Day Holiday, no class Week 3 (Sept. 22): the Central Bank Week 4 (Sept. 29): the Central Bank Week 5 (Oct. 8): the Banking System in China Week 6 (Oct. 13): the Banking System in China Week 7 (Oct. 20): the Stock Market in China Week 8 (Oct. 27): Visiting Yonglibao.com Week 9 (Nov. 3): the Stock Market in China Week 10 (Nov. 10): RMB Exchange Rate Regime and RMB Internationalization Week 11 (Nov. 17): RMB Exchange Rate Regime and RMB Internationalization Week 12 (Nov. 24): Visiting Shanghai Futures Exchange Week 13 (Dec. 1): RMB Exchange Rate Regime and RMB Internationalization and Course Wrap-up Week 14 (Dec. 8): Students’ Classroom Presentation Week 15 (Dec. 15): Students’ Classroom Presentation; Course Wrap-up Week 16 (Dec. 22): Individual Thesis Tutoring Week 17-18: Student Individual Thesis Writing Individual Thesis due on Jan. 5 th, 2017
Supplement Reading 1)Allen, Franklin, Jun Qian and Meijun Qian, "China,s Financ ial System: Past, Present, and Future, Working Paper, 2005 2) BIs, Triennial Central Bank Survey, 2016 3)CBRC annual reports, all years 4)Chen, Jiand Steve Thomas, "Emerging Stock Markets in the People's Republic of China Financial History, Spring 200 5) Chen, Zhiwu, "Capital Freedom in China as viewed from the Evolution of the Stock Market Cato Journal, VoL 33, No. 3(Fall 2013) 6)FSB, Global Shadow Banking Monitoring Report 2015 7) HKSE, "Shanghai-Hong Kong Stock Connect FAQ for Investors", 2014 8)IMF,"Internationalization of Emerging Market Currenc ies: A Balance between Risks and 9)KPMG,"Chinas Ca 10)Lardy, Nicholas, " Interest Rate Liberalization and the International Role of RMB, Working Paper, 2012 11)Leigh, Lamin and Richard Podpiera, "The Rise of Foreign Investment in China,s Banks--Taking Stock" IMF Working Paper, WP/06/29 12)Li, Yumeng, etal, "Chinas New Third board Market: Opportunities and Challenges Procedia Computer Science 55, 2015 13)Mc Guinness, B. Paul, An overview and assessment of the reform of the non-tradable shares of Chinese state-owned enterprise A-share issuers", Journal of Financial Regulation and Compliance, VoL. 17 No. 1, 2009, pp 41-56 14)MSCI, "Results of MSCI 2016 Market Classification Review", 2015 15)PBOC, Annual Reports, all years 16)PBoC, China Monetary Policy Report 17)PwC, Foreign Banks in China, 2012 18)RAND Corporation, "Banking System Reform in China", 2007 19)Yi Gang, "Exchange Rate Arrangement: Flexible and Fixed Exchange Rate Debate Revisited", Rethinking Macro Policy I: First Steps and Early Lessons Conference held by IMF, April 2013 20)Yi Gang, "RMB Exchange Rates and Relevant Institutional Factors, Cato ournal, Vol 28 No. 2(Spring/Summer 2008) All can be downloaded from the university elearning System
Supplementary Reading 1) Allen, Franklin, Jun Qian and Meijun Qian, "China’s Financial System: Past, Present, and Future", Working Paper, 2005 2) BIS, Triennial Central Bank Survey,2016 3) CBRC annual reports, all years 4) Chen, Ji and Steve Thomas, "Emerging Stock Markets in the People's Republic of China", Financial History, Spring 200 5) Chen, Zhiwu, “Capital Freedom in China as Viewed from the Evolution of the Stock Market”, Cato Journal, Vol.33, No.3 (Fall 2013) 6) FSB, Global Shadow Banking Monitoring Report 2015 7) HKSE, "Shanghai-Hong Kong Stock Connect FAQ for Investors"，2014 8) IMF, "Internationalization of Emerging Market Currencies: A Balance between Risks and Rewards",2011 9) KPMG, "China’s Capital Markets: the Changing Landscape",2011 10) Lardy, Nicholas, “Interest Rate Liberalization and the International Role of RMB”, Working Paper, 2012 11) Leigh, Lamin and Richard Podpiera, "The Rise of Foreign Investment in China's Banks--Taking Stock", IMF Working Paper, WP/06/292 12) Li, Yumeng, etal,"China's New Third Board Market: Opportunities and Challenges", Procedia Computer Science 55,2015 13) McGuinness, B.Paul, An overview and assessment of the reform of the non-tradable shares of Chinese state-owned enterprise A-share issuers", Journal of Financial Regulation and Compliance, Vol. 17 No. 1, 2009, pp. 41-56 14) MSCI, "Results of MSCI 2016 Market Classification Review", 2015 15) PBOC, Annual Reports, all years 16) PBoC, China Monetary Policy Report 17) PwC, Foreign Banks in China”, 2012 18) RAND Corporation, "Banking System Reform in China" , 2007 19) Yi Gang, “Exchange Rate Arrangement: Flexible and Fixed Exchange Rate Debate Revisited”, Rethinking Macro Policy I: First Steps and Early Lessons Conference held by IMF, April 2013 20) Yi Gang, "RMB Exchange Rates and Relevant Institutional Factors, Cato Journal, Vol.28, No.2 (Spring/Summer 2008) All can be downloaded from the university eLearning System