BEM 109
Understanding China through Finance
Understanding China through Finance
9 units (3-0-6)
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first term
Prerequisites: BEM 103.
In this course we will develop a deep understanding of the institutional foundations of Chinese finance, and we will use this framework to study the strengths and weaknesses of the Chinese economic system through the lens of finance. We will start from a historical overview of Chinese finance and will study the institutions that drive financial market development. Next, we will focus on the unique economic features of the three main channels of Chinese finance: capital markets (including the stock and bond markets), bank- and fund-based intermediation (including the banking sector, shadow-banking, and private equity, and venture capital), and informal finance. Finally, we will study the opportunities and challenges posed by Chinese-style finance for the future development of the global financial system.
Instructor:
Sinclair