Banking and Financial Markets in Contemporary China MSc

  
  

Fact file

Qualification
MSc Banking and Financial Markets in Contemporary China
Duration
1 year full-time
Entry requirements
Candidates are normally expected to have at least a 2:1 Honours degree or equivalent from an accredited university in an appropriate discipline for entry onto the MSc. Candidates with a high 2:2 or equivalent will be considered on a discretionary basis.
Other requirements
IELTS
6.5 (no less than 6.0 in any element)

If these grades are not met, English preparatory courses are available
Start date
September
Campus
Jubilee Campus
School/department
Tuition fees
You can find fee information on our fees table.
 

Overview

This course focuses on Chinese financial and banking systems, building understanding of general financial theories and corporate policies.
Read full overview

The MSc Banking and Financial Markets in Contemporary China explores banking and financial markets in an international context, with a unique emphasis on the Chinese economy. You will develop a critical understanding of both the theories and empirical research that are key to understanding the role of financial institutions in the macroeconomy and how they apply to China. In addition, you will learn how to apply the theories related to financial systems to real world situations.

Financial services have become increasingly important for China's economic growth and prosperity. Today, four of the ten biggest commercial banks in the world are found in China and since 2006, China has been responsible for about half of all the IPOs (initial public offering) of all the stock markets in the world. The total market value of China's listed companies is a staggering $2 trillion. 

This has resulted in a widening demand for talented bankers and financiers who have an intimate knowledge of complex Chinese banking and financial systems. Although there are already nearly four million employees in the Chinese financial industry, there is a severe shortage of highly qualified financial service managers who fully understand both the Western and Chinese financial systems and their profound differences. Furthermore, international financial institutions require highly-skilled financial experts to help deal with financial competition and coordination with their Chinese counterparts. 

This MSc has been developed in order to meet this surge in demand for graduates both in and outside of China with the necessary knowledge and skills to understand the Chinese economy in the international context. This course aims to equip you with the knowledge and understanding of general financial theories and corporate policies whilst focussing on Chinese financial and banking systems. 

You will also develop the theoretical and methodological skills necessary to pursue further postgraduate research. 

This full-time taught masters programme is ideally suited to students with a background in finance, accounting, mathematics, statistics, and economics and a strong interest in contemporary China. 

It is suitable for both UK and non-UK students, including those from China. 

 

Course details

The MSc Banking and Financial Markets in Contemporary China is taught on a full-time basis over one year. 

Over the first two semesters, you will be required to take 120 credits' worth of modules.

During the summer term, you will be expected to complete a 12,000-word dissertation (worth 60 credits). Alternatively, you have the exciting opportunity to apply for an internship which would culminate in the production of a final 12,000-word report (worth 60 credits). 

 
 

Modules

Core modules

Students must choose either:

Dissertation

The module requires students to produce an independent piece of research in the format of a dissertation on a self-selected topic related to China, and with substantial analysis based on evidence from desk-reviews or data/information collected from secondary or primary sources.

Qualitative, quantitative, or mixed methods are all acceptable.

This module aims to:

  • allow students the opportunity to complete a substantive piece of research and writing on the area of contemporary Chinese studies or business, management and finance in China
 

OR

Internship Report

This module is for postgraduate students who may be placed in an internship with an organisation in China or in the UK during which they will develop, carry out and write up a relevant research project based on the internship, in consultation with their supervisor.

This module aims to:

  • allow students to complete a substantive piece of writing based on an internship conducted in China, or in an organisation with a China focus in the UK
 

Then all of the below are mandatory:

Chinese Bank Management

The module follows the below structure:

  • Overview of Chinese banking industry
  • Reform of the Chinese banking sector
  • Role of the central bank and the implementation of monetary policy
  • Performance of the Chinese banking sector and its future challenges
  • Measuring and evaluating the performance of banks
  • Managing the investment portfolios and liquidity positions of banks
  • Managing bank sources of funds
  • Provision of loans to businesses and consumers

This module aims to:

  • provide students with an overview of the Chinese banking industry
 
Chinese Financial Market Analysis

The course will apply advanced analytical techniques to financial markets in China, seeking optimal strategies in theory and practices in solving the issues in the markets. It covers:

  • Introduction and overview
  • Financial market basics
  • Chinese money markets
  • Bond market
  • Chinese equity markets
  • Chinese futures markets
  • FX market
  • Private equity
  • Insurance sector
  • Chinese regulations

This module aims to:

  • provide participants with a good general knowledge of how the various financial markets function and act as a conduit between suppliers and users of capital, the regulatory environment in which they operate, their increasing interaction and what the future prospects and trends are likely to be
 
Research Methods for Business and Finance

The modules examines:

  • differences between qualitative and quantitative research methods
  • basic data handling
  • correlation
  • simple regression
  • statistical aspects of regression
  • multiple regression and hypothesis testing
  • regression with lagged explanatory variable
  • regression with dummy variables

This module aims to:

  • develop students' abilities to formulate researchable questions within a framework of financial economics, apply a statistical method to researching these problems and understand the relationship between theory testing and empirical evidence
 

Optional modules

You will choose a maximum of three modules from this group:

China and Global Capitalism

The module introduces students to key issues in China's engagement with capitalism and globalisation in everyday business, including:

  • theoretical framing of capitalism, globalisation, neoliberalism and China's current economic system
  • practices and connections in business from state owned to private
  • emerging business challenges for China in the 21st century
  • business ramifications of living in global capitalism world

This module aims to:

  • develop students' knowledge and understanding of the theory and practice of various aspects of management in China during the reform era across enterprises in all ownership sectors
 
China and the World

This module introduces students to the traditional Chinese and the Maoist world views, though it focuses on the changes that have taken place since the start of the reform period.

It explores how domestic politics and other developments have contributed on the one hand to the rise of China as a great power of the first league, and to the emergence of a nineteenth century European type of nationalism on the other. The module also addresses China's use of force in support of foreign policy, as well as its attempts to project soft power. 

This module aims to:

  • engage students to think critically about what is the rightful place for China in the modern world, including why such a question still needs to be raised for a great power that holds the veto at the UN Security Council
 
Chinese Economic Issues

This module introduces students to different hot topics and cutting-edge research on Chinese economy, and offers a platform for allowing postgraduate students to connect with experts in the field.

Topics vary across the years, including, but not limited to:

  • China's economic growth
  • investment and trade
  • foreign direct investment
  • the financial and banking reform
  • science, technology and innovation
  • regional inequality
  • business management

This module aims to:

  • develop students' knowledge and understanding of key economic issues in China in an era of rapid development and change
 
Contemporary Chinese Culture and Society

The module introduces students to key concepts in the understanding of contemporary Chinese culture and features of Chinese society, including:

  • continuity and change in the Chinese family
  • rural and urban society
  • chinese youth and generational identity
  • ethnicity and religion in contemporary China
  • the arts and popular culture

This module aims to:

  • develop students' knowledge and understanding of continuity and change in China's society and culture during the reform era

It complements other taught postgraduate modules on China's contemporary history, politics, law, economic development, and business.

 
Corporate Finance in China

The module offers specialist understanding and appreciation of financial management for the medium and larger sized organisations in the Chinese financial, legal and regulatory environment. It builds upon certain elements of the Financial Management unit, but the emphasis is on adopting a more strategic approach to corporate financing in the Chinese marketplace. Topics covered include:

  • the role of financial management in decision making and first principles of finance
  • valuation and bonds
  • valuation of equities and businesses
  • capital budgeting and risk analysis
  • capital structure decision
  • dividend policy
  • merger and acquisition
  • corporate governance
  • derivatives and option pricing

This module aims to:

  • understand and apply financial management principles and techniques in corporate finance decision making situations, particularly in the Chinese investment and finance
  • appreciate the importance of the role of financial management decisions in Chinese and global markets, and to business strategy and corporate objectives
  • undertake contemporary research into a financial management decision in China and their interactions within China and internationally
 
Further Issues on Accounting and Decision Making in China

The module follows the below structure:

  • Introduction to accounting
  • Financial statement analysis 
  • Consolidation of financial statements 
  • Advanced investment appraisal 
  • Corporate failure, reconstruction and non-financial performance measurement
  • Financial performance measurement

This module aims to:

  • provide a solid understanding of general accounting foundation at the masters level, as well as the Chinese accounting system
 
Government and Politics of China

This module deals with some key concepts, processes and institutions in contemporary Chinese politics, including:

  • the Chinese Communist Party (CCP) leadership and succession
  • legitimacy and stability in Chinese politics
  • central and local elections
  • political opening and experiments
  • the development of civil society in the reform era
  • social and political life in cities
  • regulation and governing the market
  • the party in transition

This module aims to:

  • develop students' knowledge and understanding of the key concepts, processes, and institutions in Chinese politics during the reform era
 
Greater China Field School

This module consists of an intensive field study period in Hong Kong, southern China, and Taiwan. This will last for approximately three weeks.

By visiting government agencies, business groups, non-profit organisations, and rural and urban communities, participants will gain a first hand insight into contemporary history, politics, economics, society, culture and language of  the Greater China region.

This module aims to:

  • explore a range of themes and issues relevant for understanding contemporary China
  • contrast academic knowledge with insights of practitioners by visiting organisations in the government, business and civil society sector
  • develop an awareness of the ethical issues related to gathering data
 
Human Resource Management and Industrial Relations in China

The module aims to develop students' knowledge and understanding of the theory and practice of HRM and industrial relations in China during the reform era across enterprises in all ownership sectors.

Human resource management is a crucial element of industrial relations, providing the students with a sound understanding of theory concerning the collective relationship between employees and employers, and the role of union and non-union in representation of employees through the examination of practical issues, such as collective bargaining, grievance, and industrial actions.

This module aims to:

  • provide students with a generic understanding of the main elements in industrial relations, from employee/employer relationship to government/business relationship
 
Law, Market and Society in China

The module examines legal developments in China in the context of China's construction of a market economy and of China's participation into globalization since 1978. It focuses on particular aspects of legal development in China's making of a market economy.

This module aims to:

  • develop students' knowledge and understanding of the relationships among state, law and market economy of China in the reform era
 
Marketing Management in China and Emerging Markets

The module covers the following main topics:

  • Understanding marketing management in China and emerging markets
  • Capturing marketing insights
  • Connecting with customers
  • Building strong brands
  • Shaping the market offerings
  • Delivering value
  • Communicating value
  • Creating successful long-term growth

This module aims to:

  • develop students' knowledge and understanding of the theory and practice of marketing management in China and emerging markets
 
Research Design and Practice in China

This module aims to:

  • develop an ability to identify research topics from real world issues
  • develop an ability to formulate researchable questions
  • understand how theories are formulated and how they can be tested in research
  • gain abilities to critique on literature and use literature analytically in writing
  • learn how to target on research objects: sampling and case selection
  • gain fundamental knowledge of research methods: questionnaire survey, design of interview, focus group, participant observation
  • learn how to utilise the knowledge provided to produce a proposal for dissertation or internship
 

Mandarin

Students who are non-native Mandarin speakers can take a maximum of 20 credits of Mandarin language through the University Language Centre's inter-faculty language scheme. You will be tested upon arrival and allocated to the correct level. 

Native Mandarin speakers can take a maximum of 20 credits of Chinese-English translation modules. 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Funding

Up-to-date fees information can be found on our student fees and finance website.

UK/EU students

University scholarships and external scholarships are available, please visit the Graduate School website for more information about all the available funding opportunities. 

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Applications for 2016 entry scholarships will open in late 2015. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

The MSc Banking and Financial Markets in Contemporary China is designed for graduates who want to pursue a career or research in commercial and investments banks, financial development corporations, multilateral and bilateral development agencies and non-governmental organisations that work with or in China.

You will have the communication skills necessary to pursue a career in any area that requires an in-depth knowledge of China, and you will be prepared to work in large multi-national corporations operating in China, as well as Chinese companies operating outside of the country. You will also be ideally placed to embark on a research career in universities, research centres, institutes and think tanks around the world.

Our graduates have gone on to work in government and non-governmental agencies, banks, insurance companies, industries, universities and multi-national companies in China, the UK and the rest of the world. Some companies that employ our graduates include:

  • AXA-Minmetals Assurance
  • Bank of China
  • German Centre for Industry and Trade Shanghai
  • HSBC
  • Hudson Highland Group
  • ISoftStone Technology
  • Paragon Law
  • Romax Technology
  • Viaton Industries

Average starting salary and career progression

In 2014, 87% of postgraduates in the Nottingham University Business School who were available for employment had secured work or further study within six months of graduation. The average starting salary was £26,611 with the highest being £34,000.*

* Known destinations of full-time home and EU postgraduates, 2013/14.

Career prospects and employability

The acquisition of a masters degree demonstrates a high level of knowledge in a specific field. Whether you are using it to enhance your employability, as preparation for further academic research or as a means of vocational training, you may benefit from careers advice as to how you can use your new found skills to their full potential. 

Our Careers and Employability Service will help you do this, working with you to explore your options and inviting you to attend recruitment events where you can meet potential employers, as well as suggesting further development opportunities, such as relevant work experience placements and skills workshops.

 
 
 

Contact

Ruth Evans
Postgraduate Admissions Administrator
Nottingham University Business School
Jubilee Campus
Nottingham
NG8 1BB
Get in touch
+44 (0)115 846 6979
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