• Class Number 2652
  • Term Code 3130
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Prof Meijun Qian
    • Prof Meijun Qian
  • 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
    • Hedda Cui
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. Demonstrate an in-depth knowledge of Asian economies and currency systems;
  2. Describe in detail the conceptual framework underlying financial markets and institutions;
  3. Be able to communicate empirical findings for various Asian capital markets;
  4. Demonstrate an understanding of financial and corporate governance data analysis and professional style report writing; and,
  5. Explain in detail 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.

Examination Material or equipment

The only permitted materials in the examination are a calculator (scientific, non-programmable and not a financial calculator), dictionary (which will be checked at the examination), pen and a ruler. 

Lecture notes and other recommended resources will be notified during the lecture.

Staff Feedback

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

  • written comments
  • verbal comments
  • feedback to whole class, groups, individuals, focus group etc

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.

Class Schedule

Week/Session Summary of Activities Assessment
1 Introduction Financial Assets, Markets, and Institutions
2 Financial Institutions (cont.) Growth and market returns
3 Law, Finance, and Economic Growth China versus India Project guidelines Project is assigned.
4 Currency and capital control Asian Financial Crisis Quiz
5 Euro crisis RMB convertibility
6 Review for mid-term Q&A
7 The “Failure” of neoliberalism
8 Midterm Answers explained Career in Finance
9 State capitalism Sovereign Wealth Funds Project is due.
10 Family capitalism Corporate groups
11 Informal sector FinTech
12 Project feedbacks Review for Final Exam Q&A

Tutorial Registration

There is no tutorial for this course. Drop-In class (Q&A Session) will be available on campus, live through scheduled zoom sessions, as listed in the consultation hours.

Assessment Summary

Assessment task Value Due Date Return of assessment Learning Outcomes
Quiz 0 % 19/03/2021 26/03/2021 1
Team Project 50 % 07/05/2021 28/05/2021 3,4,5
Mid-term Exam 0 % 02/04/2021 23/04/2021 1,2
Final Exam 50 % 03/06/2021 01/07/2021 1,2,3,4,5

* 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 ANU Online website. 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.


The lectures and workshops will be available live through scheduled Zoom sessions.

There will be an on-campus, live through scheduled zoom sessions and as pre-recorded videos drop-in session by a tutor weekly as well.


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

Assessment Task 1

Value: 0 %
Due Date: 19/03/2021
Return of Assessment: 26/03/2021
Learning Outcomes: 1


A small quiz will be given before the mid-term. The quiz gives a sampling of what exams will be like. The content covers weeks 1-3. Students who miss the quiz without approval from the lecturer in advance will receive zero marks for this component. Guidelines will be given through the wattle announcement a week before the quiz.

Assessment Task 2

Value: 50 %
Due Date: 07/05/2021
Return of Assessment: 28/05/2021
Learning Outcomes: 3,4,5

Team Project

The group assignment will be done and graded by groups with each group 4 or 5 people. The topic instruction will be given in the class. The group has certain flexibility in choosing a specific focused area or a specific Asian country. It is strongly encouraged that graduate students and undergraduate students form their team separately. In the case of a mix, the grading standards of graduate students will be applied.

The return report will be no more than 5 pages, including 1 page of an executive summary, 1-3 page of factual supportive information or analysis, and 1 page of wrap up recommendation. The report will be marked based on logic, clarity, and correct application of the financial knowledges. Each group will also be called during the project discussion for a briefing on their report.

Instructions of forming groups will be given in the first class and reminders sent through wattle announcement. If any group decides to meet in person, all students must ensure they adhere to social distancing requirements if they chose to work in a group.

Assessment Task 3

Value: 0 %
Due Date: 02/04/2021
Return of Assessment: 23/04/2021
Learning Outcomes: 1,2

Mid-term Exam

Exams will be on multiple-choice and calculation format. The midterm exam covers the concepts and theories learned from week 1 to week 6. There will be 90 minutes for the exam with 30 minutes for reading and 60 minutes for writing. Guidelines will be given through the wattle announcement no later than Week 4.

Assessment Task 4

Value: 50 %
Due Date: 03/06/2021
Return of Assessment: 01/07/2021
Learning Outcomes: 1,2,3,4,5

Final Exam

Exams will be on multiple-choice and calculation format. The final exam, to be completed individually, covers the content of all materials of the semester, with emphasis on the content of week 7 to week 12. There will be 90 minutes for the exam with 30 minutes for reading and 60 minutes for writing. Guidelines will be given through the wattle announcement 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

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. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

There is no hardcopy submission in the course.

Late Submission

Late submission of assessment tasks without prior approval of an extension will receive 0 marks.

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

The assignment will be returned to students with comments after marking, during class time.

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

No resubmission of assignment is allowed.

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).

Prof Meijun Qian

Research Interests

Prof Meijun Qian

Monday 15:00 17:00
Monday 15:00 17:00
Prof Meijun Qian

Research Interests

Prof Meijun Qian

Monday 15:00 17:00
Monday 15:00 17:00
Hedda Cui

Research Interests

Hedda Cui

Friday 09:00 10:00

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