CORPFIN 7045 - Wealth Management in China (M)
North Terrace Campus - Semester 2 - 2014
This course would be of interest to anyone planning to conduct business within China. Participants will examine the various financial products available in China, overview the various exchanges, analyze the banking and insurance sectors plus learn about the regulatory environment in which wealth management for high net-worth clients is conducted. Issues also examined include analyzing risks involved 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.
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General Course Information
Course Details
Course Code CORPFIN 7045 Course Wealth Management in China (M) Coordinating Unit Adelaide Business School Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Assumed Knowledge CORPFIN 7005 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Kai Du
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
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.最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) -
Learning Resources
Required Resources
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
Recommended Resources
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: 239–248Online Learning
The lecture slides and pdf version of handout are available on MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
This course is delivered in three hour Lectures/Tutorials on weekly basis. The tutorial contents will be covered in the third hour.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
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/tutorials, to finish all assignments in time, and to take tests and exams as required.Learning Activities Summary
The following topics will be selected and covered:
(1) Financial System in China (Overview of Financial Market)
(2) Financial Policies and Regulatory Bodies
(3) Exchange Rate Regime
(4) Foreign Exchange Control
(5) Interest Rate and Bond Market
(6) Commercial Banking (Risk Control)
(7) Commercial Banking (Asset and Liability business)
(8) Commercial Banking (Intermediary Business)
(9) Securities Market
(10) Insurance MarketSpecific Course Requirements
Please check your student email and MyUni. frequently as all course-related announcements are communicated via email. -
Assessment
The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
There are three assignments and the final exam in this course. The assignments will have a weight of 10% each with deadlines required below in assessment details and totally 30%.
The final exam will have a weight of 65%.
The participating mark is 5% in this course.Assessment Related Requirements
To gain a pass for this course, a mark of at least 50% must be obtained on the examination as well as a total of at least 50% overall. 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 are deducted in the assignment or final examination because of poor hand-writing.Assessment Detail
Assignments 30%
Details: The assignment will be either individual or group assignment as decided in the first lecture.
Due Date: TBA in MyUni.
Final Exam 65%
There will be a 3 hour exam. (Calculators will be allowed for this close-book final exam. No dictionaries will be allowed at the exam.)
Participating 5%Submission
Before you submit your assignments:
1. Please retain a copy of all assignments submitted.
2. Please attach an ‘Assignment Cover Sheet’, which needs to be signed and dated by the author.
3. All group assignments must be attached with a ‘Group Assignment Cover Sheet’, which is signed and dated by all group members. All team members need to contribute to the group assignment equally in order to get their mark.
The lecturer could refuse to accept assignments, which do not have a signed acknowledgement of the 最新糖心Vlog’s policy on plagiarism, and withhold students’ results until such time as the student has signed the Assignment Cover Sheet.
Late Assignment Submission:
Students are required to submit their work before the due date and all requests for extension must be emailed to the lecturer before the due date. Each request is assessed on its merits. Extensions will only be given for medical or other very serious reasons. A late assignment (without prior arrangement) will be penalised by a 10% mark reduction for each day that it is late.
Assignment Guidelines including Referencing Details:
The Postgraduate Programs: Communication Skills Guide from the following link is strongly suggested to be downloaded and gone through before the first assignment, which could assist you to structure your assignment.
The link:
https://business.adelaide.edu.au/documents/CSG_business_Web_final.pdf
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 since 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 Guideline of the Harvard Reference, which is widely used in the Business Schools, can be found in The Postgraduate Programs: Communication Skills Guide, too.
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.
Return of Assignments:
The assignment will be marked and returned to students within two weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from the lecturer.
If assignments aren’t collected after two weeks, they will be posted out to the students, if the correct mailing addresses are on the assignments.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Students with a final mark between 45% and 49% after the final exam will be eligible to view their exam paper or re-marking at an appropriate time arranged by the course coordinator. However, students with a final mark outside the range 45%-49% for this course are NOT eligible to view their exam paper or require re-marking. In the case of student’s view of the exam paper, only the primary exam paper can be viewed. No views or remarking will be arranged for the RAA exam paper.Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
