This course examines the development and transformation of China's financial system during the recent decades of market-oriented reforms and discuss its investment implications. It takes a historical and institutional perspective to analyze the key components of China's financial system, including the reform of banking system, the development of capital markets, the rise of business groups and financial conglomerates, the evolution of exchange rate and monetary policy regime as well as the financial regulatory and governance framework. It provides students with a comprehensive and in-depth understanding of the achievement, challenges and opportunities of China's financial reforms.
4 units · Letter or Credit/No Credit
This course examines the development and transformation of China's financial system during the recent decades of market-oriented reforms and discuss its investment implications. It takes a historical and institutional perspective to analyze the key components of China's financial system, including the reform of banking system, the development of capital markets, the rise of business groups and financial conglomerates, the evolution of exchange rate and monetary policy regime as well as the financial regulatory and governance framework. It provides students with a comprehensive and in-depth understanding of the achievement, challenges and opportunities of China's financial reforms.
Offered in Autumn 2026 at Stanford University.