• Class Number 2651
  • Term Code 3130
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Dr Lin Hu
    • Dr Lin Hu
  • Class Dates
  • Class Start Date 22/02/2021
  • Class End Date 28/05/2021
  • Census Date 31/03/2021
  • Last Date to Enrol 01/03/2021
SELT Survey Results

This course provides an overview of current Asian capital markets. The growth of Asian economies has been spectacular in the past 60 years; the advancement of Japan from the 1950s until the beginning of 1990s, the emerging Asian Tigers (Hong Kong, Korea, Singapore, Taiwan) in the 1980s, and the rapid transformation and growth of China and India since the 1990s. Asian capital markets are quite diverse as they consist of emerging markets at different stages of development as well as mature markets. Therefore, it is not easy to view Asian capital markets through a single lens. However, this course not only introduces students to capital markets in various Asian countries but also attempts at introducing a unified conceptual framework to understand markets in these countries. The framework focuses on institutional environments (such as legal systems) in different countries and their impacts on corporate behaviour. We also present empirical evidence that such a framework might not necessarily explain the recent developments in China and India. Two of the important features in Asian capital markets, which contrast those of capital markets in UK-US, are the roles played by the State and closely tied families, which we will discuss in detail. The globalization of the world economy in the past two decades has affected the developments of Asian capital markets. Although our course may discuss the development of capital markets of individual countries, we will discuss Asian economies in the global context and will explore the increasing weight of Asia in the world economy.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Provide an overview of Asian economies and currency systems;
  2. Describe the conceptual framework underlying financial markets and institutions;
  3. Be able to read and interpret academic articles relating to various Asian capital markets;
  4. Demonstrate an understanding of financial and corporate governance data analysis; and,
  5. Explain the potential future direction of Asian capital markets and economies.

Research-Led Teaching

Students will be introduced to research through the use of readings from academic journals. Based on recent research in law and economics, the course introduces a conceptual foundation to analyze financial markets. Also, the students are expected to read and extract the essence of research papers that use empirical methods.

Additional Course Costs


Lecture notes and other recommended resources will be notified during lectures.

Staff Feedback

Consultations will be held every Thursday 2- 4pm.

Drop-in sessions (Q&A sessions) will be held every week.

Students will be given feedback in the following forms in this course:

  • Feedback will be given verbally or by written comments (through Turnitin), both to individuals ( assessment 1) as well as to project groups (assessment 2).

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information


Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed the scaled mark of that student) and may be either up or down.

Support for Students

The University offers a number of support services for students. Information on these is available online from http://students.anu.edu.au/studentlife/

Class Schedule

Week/Session Summary of Activities Assessment
1 Introduction
2 Financial Assets, Markets and Institutions
3 Asia's Economic Growth and Global Imbalance
4 Asia's Currency Issue and Financial Markets
5 Law and Finance Group Formation and Project Plan Due
6 Law and Finance Cont'd: Ownership
7 Family Capitalism
8 Corporate Groups
9 State Capitalism
10 Informal Sectors and South Asia
11 Financial Crisis
12 Review, Q&A Group Project Due

Tutorial Registration

There is no tutorial for this course.

Drop-In Class (Q&A Session) will be a hybrid format (combination of on-campus, remote - live and remote - pre-recorded). They will be a separate in-person/on-campus Q&A session and a remote live Q&A session via Zoom (that will be recorded) and subsequently posted on Wattle.

Assessment Summary

Assessment task Value Due Date Return of assessment Learning Outcomes
Group Formation and Project Plan 0 % 26/03/2021 02/04/2021 2
Group Project 40 % 28/05/2021 02/06/2021 1, 2, 3
Final Examination 60 % 03/06/2021 01/07/2021 2, 3, 4, 5

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details


ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.


Course content delivery will take the form of pre-recorded (weekly) lectures (available via echo360 on Wattle) and weekly drop-in sessions, delivered in hybrid format (on campus, live through zoom sessions and as pre-recorded videos).


Centrally scheduled examinations through Examinations, Graduation & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information.

Assessment Task 1

Value: 0 %
Due Date: 26/03/2021
Return of Assessment: 02/04/2021
Learning Outcomes: 2

Group Formation and Project Plan

This assessment is to ensure that students are fully aware of the steps towards finishing the project. Group is expected to be formed by the students by the assessment due date. Each student should write down a proposed plan for the group project.

The plan is to be prepared following the given instructions and submitted via Turnitin. Written feedback will be given to individuals through Turnitin by week 6.

Detailed instruction will be provided in week 1. All students must adhere to the required social distancing requirements, e.g., using Zoom for meetings etc.

Assessment Task 2

Value: 40 %
Due Date: 28/05/2021
Return of Assessment: 02/06/2021
Learning Outcomes: 1, 2, 3

Group Project

In this assignment, students are expected to design an investment strategy in Asian securities for a fund manager. This assignment will be done and graded by groups. All students must adhere to the required social distancing requirements, e.g. using Zoom for meetings etc.

The report is to be prepared following the given instructions and submitted by one group member via Turnitin. Detailed instruction will be provided by week 5.

Written feedback will be given to groups through Turnitin by the end of the semester.

Assessment Task 3

Value: 60 %
Due Date: 03/06/2021
Return of Assessment: 01/07/2021
Learning Outcomes: 2, 3, 4, 5

Final Examination

The final examination will be based on all the work covered throughout the duration of the semester. The final examination is worth 60% of the overall course grade. Students will be provided with further details regarding the exam no later than week 10.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.

The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

Online Submission

Assignments may be submitted by just one member of the group, but must include a completed cover sheet clearly identifying all members of the group. You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Students will receive comments through Turnitin. All files submitted to be named as follows:

FINM3045 Group (number) - (description)

Hardcopy Submission

There is no hardcopy submission in the course.

Late Submission

No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

Grade and feedback on assessments will be provided via Wattle. Please refer to the assessment section for the detailed returning dates for each assessment.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

Resubmission of assignments is not permitted.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

Dr Lin Hu

Research Interests

Finance; Microeconomics; Corporate finance; Political economy; Fintech.

Dr Lin Hu

Thursday 14:00 16:00
Thursday 14:00 16:00
Dr Lin Hu

Research Interests

Dr Lin Hu

Thursday 14:00 16:00
Thursday 14:00 16:00

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions