Since the early 1990s, China’s financial markets have been growing at an astonishing speed, along with its unprecedented economic growth in the past three decades. For instance, the top four largest banks (by assets) in the world in 2016 are from China.

Enjoying the status of the second largest economy in the world, China’s leadership has been pushing forward its reform process and integration with the rest of the world, especially on the frontier of financial markets. No doubt, there is a growing interest from the outside world to learn and understand the workings of China’s financial and monetary system.

This course aims to provide an in-depth coverage of China’s financial markets and their reform processes, including but not restricted to, stock market, bond market, banking system, housing market, foreign exchange rates, and international trade policies. The growth mechanism of China’s economy, its investment opportunities, and complicated issues like U.S.-China relations and Hong Kong situations will also be covered in great detail, as well as the business and financial risk presented to the rest of the world.

Reading/Writing Assignments: Case write-up, readings from books and journals, term paper.

One recommended book on China: Kroeber, Arthur, 2016, China’s Economy: What Everyone Needs to Know, Oxford University Press.

Superpower Showdown: How the Battle Between Trump and Xi Threatens a New Cold War: Davis, Bob, and Lingling Wei, 2020, HarperCollins Publisher.