Course Code

CHES5159

Course Name

Financialization and China’s Development

Time

Monday 4:30-6:15pm (Lecture)
Wednesday 11:30am-12:15pm (Tutorial)

Venue

YIA LT8

Instructor

LI Chen

Teaching Assistant

LIU Fengwei

Course Description

This course examines the political economy of China’s transition and development from the perspective of financialization. It situates China’s case in the broader context and debates on the role of financialization in reshaping the contemporary socio-economic governance and the relations between the financial sector and real sector economy. It will cover topics including the logics of financialization, financial repression and financial liberalization, China’s financial governance, industrial policy and financialization, corporate governance, commercial banking and shadow banking, development finance, capital market, public investment, law and finance, risk management, financial innovation and regulation as well as RMB internationalization.

Course Outline

Detailed Course Outline is available on Blackboard.

Week 1: Introduction: The logics of financialization

Week 2: Financial repression and financial liberalization

Week 3: Financial governance

Week 4: Industrial policy and financialization

Week 5: Corporate governance, reforms and financialization

Week 6: Commercial banking and shadow banking

Week 7: Development finance

Week 8: Capital market

Week 9: Public investment

Week 10: Law and finance

Week 11: Risk management, innovation and regulation

Week 12: RMB Internationalization

Week 13: Essay Test

Assessment & Assignments

Attendance (10%)

Participation (10%)

Reading Presentation (30%)

Essay Test (20%)

Term Paper (30%)

Honesty in Academic Work

Attention is drawn to University policy and regulations on honesty in academic work, and to the disciplinary guidelines and procedures applicable to breaches of such policy and regulations. Details may be found at http://www.cuhk.edu.hk/policy/academichonesty/.

With each assignment, students will be required to submit a signed declaration that they are aware of these policies, regulations, guidelines and procedures.

  • In the case of group projects, all members of the group should be asked to sign the declaration, each of whom is responsible and liable to disciplinary actions, irrespective of whether he/she has signed the declaration and whether he/she has contributed, directly or indirectly, to the problematic contents.
  • For assignments in the form of a computer-generated document that is principally text-based and submitted via VeriGuide, the statement, in the form of a receipt, will be issued by the system upon students’ uploading of the soft copy of the assignment.

Assignments without the properly signed declaration will not be graded by teachers.

Only the final version of the assignment should be submitted via VeriGuide.

The submission of a piece of work, or a part of a piece of work, for more than one purpose (e.g. to satisfy the requirements in two different courses) without declaration to this effect shall be regarded as having committed undeclared multiple submissions. It is common and acceptable to reuse a turn of phrase or a sentence or two from one’s own work; but wholesale reuse is problematic. In any case, agreement from the course teacher(s) concerned should be obtained prior to the submission of the piece of work.