Home>Courses>China’s Financial Reforms: Problems &Perspectives / Investment and Finance in China

This course examines the development and transformation of China’s financial system during the recent decades of market-oriented reforms. It takes a historical and institutional perspective to analyze the key components of China’s financial system, including the reform of banking system, the development of capital markets, the rise of business groups and financial conglomerates, the evolution of monetary policy regime as well as the financial regulatory and governance framework. It provides students with a comprehensive introduction on the evolution, challenges and opportunities of China’s financial reforms.

Lecture 1&2 (September 2 & September 9) Introduction: Finance and Development

Lecture 3 (September 16) Global Finance and China’s Reform

Lecture 4 (September 23) Hybrid Governance in China’s Finance System 

Lecture 5 (September 30) China’s Banking Reform

Lecture 6 (October 7) China’s Development Finance

Lecture 7 (October 14) The Rise of Shadow Banking in China 

Lecture 8 (October 21) Corporatization and State Capital  

Lecture 9 (October 28) Capital Market Reforms

Lecture 10 (November 4) Public Finance

Lecture 11 (November 11) Financial Technology

Lecture 12 (November 18) Bureaucracy and Regulatory Reform 

Lecture 13 (November 25) Currency Reform and RMB Internationalization

Final test (December 2)

Attendance 10%
Discussion Participation 10%
Reading Presentation 20%
Term Paper 30%
Final Test 30%

The University Regulations on academic dishonesty will be strictly enforced. Please check the University Statement on plagiarism on the web:   http://www.cuhk.edu.hk/policy/academichonesty/

All use of AI tools is prohibited in assignments and assessment tasks