最新糖心Vlog

Name: Dr David K. Du

Location: Level 12, Nexus 10 Building

E-mail: Kai.du@adelaide.edu.au 

By taking this course, students are expected to have a good knowledge of the financial market in China, and be able to examine the financial products in China, overview the various exchanges, and analyse the banking and insurance sectors. Secondly, students are expected to have a good understanding on the current regulatory environment in which wealth management is conducted , and should be able to conduct business analysis, include analysing risks in handling financial intermediary processes, trade liberalization (WTO regulation in regards to the financial sector), repatriation of funds and investment processes in and out of China.

Please go through the following book before the first lecture: 

The working papers of this book will be provided in MyUni.

Introduction to the course

Lu, Z., Zhu, J. and Zhang, W. (2012) “Bank discrimination, holding bank ownership, and economic consequences: Evidence from China”, Journal of Banking & Finance, 36: 341–54.

Jiang, G., Yue, H. and Zhao, L. (2009) “A re-examination of China’s share issue privatization”, Journal of Banking & Finance, 33: 2322–32

Ding, S., Guariglia, A. and Knight, J. (2013) “Investment and financing constraints in China, does working capital management make a difference”, Journal of Banking & Finance, 37: 1490–1507.

Calomiris, C., Fisman, R. and Wang, Y. (2010) “Profiting from government stakes in a command economy: Evidence from Chinese asset sales”, Journal of Financial Economics, 96: 399–412.

Meng, R., Ning, X., Zhou, X. and Zhu, H. (2011) “Do ESOPs enhance firm performance? Evidence from China's reform experiment”, Journal of Banking & Finance, 35: 1541–51.

Liang, Q., Xu, P. and Jiraporn, P. (2013) “Board characteristics and Chinese bank performance”, Journal of Banking & Finance, 37: 2953–68.

Liang, Q., Xu, P. and Jiraporn, P. (2013) “Board characteristics and Chinese bank performance”, Journal of Banking & Finance, 37: 2953–68.

Sun, Q., Tong, W. and Wu, Y. (2013) “Overseas listing as a policy tool: Evidence from China's H-shares”, Journal of Banking & Finance, 37(5): 1460–74.

Tong, W., Zhang, S. and Zhu, Y. (2013) “Trading on inside information: Evidence from the share-structure reform in China”, Journal of Banking & Finance, 37: 1422–36.

Fan, L,Z, Tian, S & Zhang C (2012), “Why are excess returns on China’s Treasury bonds so predictable? The role of the monetary system”, Journal of Banking & Finance, vol. 36, pp. 239-248.

Behr P., Norden, L. and Noth, F. (2013) “Financial constraints of private firms and bank lending behavior”, Journal of Banking & Finance, 37:3472–85.

Liang, Q., Xu, P. and Jiraporn, P. (2013) “Board characteristics and Chinese bank performance”, Journal of Banking & Finance, 37(8): 2953–68.

Jiang, C., Yao, S. and Feng, G. (2013) “Bank ownership, privatization, and performance: Evidence from a transition country”, Journal of Banking & Finance, 37: 3364–72.

Jia C. (2009) “The effect of ownership on the prudential behaviour of banks – The case of China”, Journal of Banking & Finance, 33: 77–87.

Ferri, G. (2009). “Are new tigers supplanting old mammoths in China’s banking system? Evidence from a sample of city commercial banks”, Journal of Banking & Finance, 33(1): 131–140.

Yuan, R. Xiao, J.Z. and Zou, H. (2008) “Mutual funds’ ownership and firm performance: Evidence from China”, Journal of Banking & Finance, 32(8): 1552–65.

Berger A.N., Hasan, I. and Zhou, M. (2010) “The effects of focus versus diversification on bank performance: Evidence from Chinese banks”, Journal of Banking & Finance, 34:1417–35.

Xu, Y. (2011) “Towards a more accurate measure of foreign bank entry and its impact on domestic banking performance: The case of China”, Journal of banking & finance, 35(4): 886–901.

Chong, T.T.L., Lu, L. and Ongena, S. (2013) “Does banking competition alleviate or worsen credit constraints faced by small- and medium- sized enterprises? Evidence from China”, Journal of Banking & Finance, 37(9): 3412–24.

Firth, M., Lin, P. & Wong, S.M.L. (2009) “Inside the black box: Bank credit allocation in China’s private sector”, Journal of Banking & Finance, 33: 1144–55.

Chen, Y., Liu, M. and Su, J. (2013) “Greasing the wheels of bank lending: Evidence from private firms in China”, Journal of Banking & Finance, 37: 2533–45.

Wang, S. (2011) “State Misallocation and housing prices: Theory and evidence from China”, American Economic Review, 101: 2081–107.

Berger, A.N., Hasan, I. and Zhou, M. (2009) “Bank ownership and efficiency in China: What will happen in the world’s largest nation?”, Journal of Banking and Finance, 33(1): 113–30.

Fu, X., and Heffernan, S. (2009) “The effects of reform on China’s bank structure and performance”, Journal of Banking & Finance, 33(1): 39–52.

Chen, Z., Du, J., Li, D. and Ouyang, R. (2013) “Does foreign institutional ownership increase return volatility? Evidence from China”, Journal of Banking and Finance, 37: 660–9.

Gul, F.A., Kim, J. and Qiu, A.A. (2010) “Ownership concentration, foreign shareholding, audit quality, and stock price synchronicity: Evidence from China”, Journal of Financial Economics, 95: 425–42.

Chen, G., Firth, M. and Xu, L. (2009) “Does the type of ownership control matter? Evidence from China’s listed companies”, Journal of Banking and Finance, 33: 171–81.

Jiang, G., Lee, C. M.C. and Yue, H. (2010) “Tunneling through intercorporate loans: The China experience”, Journal of Financial Economics, 98: 1–20.

Garcia-Herrero, A., Gavila, S. and Santabarbara, D. (2009) “What explains the low profitability of Chinese banks?”, Journal of Banking and Finance, 33:2080–92.

Sun, J., Harimaya, K. and Yamori, N. (2013) “Regional economic development, strategic investors, and efficiency of Chinese city commercial banks”, Journal of Banking and Finance, 37: 1602–11.

Chang, T.P., Hu J.L., Chou, R.Y. and Sun, L. (2012) “The sources of bank productivity growth in China during 2002–2009: A disaggregation view”, Journal of Banking and Finance, 36(7): 1997–2006.

Lin, X. and Zhang, Y. (2009) “Bank ownership reform and bank performance in China”, Journal of Banking and Finance, 33: 20–29.

Hasan, I., Wachtel, P. and Zhou, M. (2009) “Institutional development, financial deepening and economic growth: Evidence from China”, Journal of Banking and Finance, 33(1): 157–70.

Bo, H., Huang, Z. and Wang, C. (2011) “Understanding seasoned equity offerings of Chinese firms”, Journal of Banking and Finance, 35(5): 1143–57.

Song, Z., Storesletten, K., and Zilibotti, F. (2011) "Growing Like China", American Economic Review, 101(1): 196-233.

Chang, P.C., Jia, C. and Wang, Z. (2010) “Bank fund reallocation and economic growth: Evidence from China”, Journal of Banking and Finance, 34(11): 2753–66.

Lin, H. (2011) “Foreign bank entry and firms’ access to bank credit: Evidence from China”, Journal of Banking and Finance, 35(4): 1000–10.

Fan, L., Tian, S. and Zhang, C. (2012) “Why are excess returns on China’s Treasury bonds so predictable? The role of the monetary system”, Journal of Banking & Finance, 36: 239–248

The lecture slides and pdf version of handout are available on MyUni.

This course is delivered in a two hour lecture plus one hour tutorial on weekly basis. The tutorial contents will be covered in the third hour of each lecture.

The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course of private study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester.

Students are also expected to finish all assignments in time, and take tests and exams as required by this course.

The following topics will be covered in this course:

Financial System in China
Financial Policies and Regulatory Bodies
Exchange Rate Regime
Foreign Exchange Control
Interest Rate and Bonds Market
Commercial Banking (I)
Commercial Banking (II)
Commercial Banking (III)
Commercial Banking (IV)
Securities Market
Insurance Market

Please check your student email and MyUni frequently, since the course-related announcements are communicated via email or MyUni.

The lecturer will be available for consultation at the following times:
 
The office hour will be announced in first lecture and other consultation shall be made through appointments.

The assessments for this course include three assignments, participation of each student and the final exam. The three assignments will have a weight of 10% each with deadlines required below in assessment details. The participation mark is 5% and the final exam will have a weight of 65% in this course.

To gain a pass for this course, a mark of at least 40% must be obtained on the final examination as well as a total of at least 50% overall. If the final mark is lower than 41, the student cannot attend the RAA exam. The students not achieving the minimum exam mark will be awarded no more than 49.

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the assignment and final examination because of poor hand-writing or bad format.

The assessment components are as follows:

Participation 5%
Details: The participation of each student will be recorded as discussed in first lecture.

Assignment 30%
Details: Three assignments can be either individual or group assignment as announced in MyUni. shortly.
Due Date: TBA

Final Exam 65%
Details: There will be a three hour exam. (Calculators will be allowed for this close-book final exam. No dictionaries will be allowed at the exam.)

Presentation of Assignments
· Please retain a copy of the assignment submitted.
· Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
· All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members have to contribute approximately equally to a group assignment.

Lecturers will refuse to accept assignments, which do not have a signed acknowledgement of the 最新糖心Vlog’s policy on plagiarism in the Assignment Cover Sheet.

Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from

This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 10% mark reduction for each day that it is late. 
 
Return of Assignments
It is Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from lectures. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.