• Class Number 2372
  • Term Code 3430
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Dr Kun Li
    • Dr Kun Li
  • Class Dates
  • Class Start Date 19/02/2024
  • Class End Date 24/05/2024
  • Census Date 05/04/2024
  • Last Date to Enrol 26/02/2024
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.
  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

Non-programmable calculator.

Examination Material or equipment

Non-programmable calculator.

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

Staff Feedback

Consultations will be held every week.

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

·      Self-study feedback in workshops.

·      Self-study feedback from tasks provided for this purpose.

·      Group in-class feedback on performance in assignments.

·      Individual feedback on student performance in assessment tasks is available on request from the lecturer; please make an appointment to request this.

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). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

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 Group Presentation
4 Asia's Currency Issue and Financial Markets Group Presentation
5 Law and Finance Group Presentation; Project Plan Due
6 Law and Finance Continued: Ownership Group Presentation
7 Family Capitalism Group Presentation
8 Corporate Groups Group Presentation
9 State Capitalism Group Presentation
10 Informal Sectors and South Asia Group Presentation
11 Financial Crisis Group Presentation, Project Report Due
12 Review, Q&A Group Presentation

Tutorial Registration

There is no tutorial for this course. Enrolment is not required for workshops.

Assessment Summary

Assessment task Value Due Date Return of assessment Learning Outcomes
Project Plan 0 % 22/03/2024 29/03/2024 2
Project Report 30 % 10/05/2024 24/05/2024 1,2,3
Group Presentation 10 % 04/03/2024 24/05/2024 2,3,4,5
Final Examination 60 % 30/05/2024 27/06/2024 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 Integrity 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 Skills 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.


Course content delivery will take the form of on-campus lectures and workshops (recorded and available via echo360 on Wattle).


Centrally scheduled examinations through Examinations, Graduation & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information. The final examination will be held in person. It will last 120 minutes and will be a closed-book exam.

Assessment Task 1

Value: 0 %
Due Date: 22/03/2024
Return of Assessment: 29/03/2024
Learning Outcomes: 2

Project Plan

This assessment is to ensure that students are fully aware of the steps towards finishing the project. Each student should write down a proposed plan for the project. The plan is to be prepared following the given instructions and submitted via Turnitin. Feedback will be given to the whole class in the week 6 lecture on common errors. Individual feedback may be available from the lecturer by appointment. Detailed instructions will be provided in week 1.

Assessment Task 2

Value: 30 %
Due Date: 10/05/2024
Return of Assessment: 24/05/2024
Learning Outcomes: 1,2,3

Project Report

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 individuals. The report is to be prepared following the given instructions and submitted via Turnitin. Individual feedback will be given with marks available on Wattle. Detailed instructions will be provided by week 5.

Assessment Task 3

Value: 10 %
Due Date: 04/03/2024
Return of Assessment: 24/05/2024
Learning Outcomes: 2,3,4,5

Group Presentation

Groups will be randomly formed by the Lecturer in the first week. Starting from week 3, there will be student presentations in lectures/workshops. The duration of each presentation is around 10-15 minutes, depending on the number of group members. All members need to participate in the presentation and each student has to submit the presentation slides through Turnitin on the date before the group presentation. The presentation slide should be converted to PDF and labeled as "Presentation - Group #". Students are required to discuss an assigned article by establishing a framework for analysis. The assigned article will be notified to each group one week prior to the presentation. The presentation will be graded by individuals based on presentation slides and individual performance during group presentation.

Assessment Task 4

Value: 60 %
Due Date: 30/05/2024
Return of Assessment: 27/06/2024
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 and will need to be completed individually. The final examination will be held in person. It will last 120 minutes and will be a closed-book exam. There will be multiple-choice questions (MCQs) and short answer questions. Students will be provided with further details regarding the exam no later than week 10. The final exam will be in the exam period.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.


The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

Online Submission

Assignments must be submitted via Turnitin. 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.

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

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

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 Kun Li

Research Interests

Corporate finance; Household Finance; Fintech.

Dr Kun Li

Tuesday 09:00 10:00
Tuesday 09:00 10:00
Dr Kun Li

Research Interests

Dr Kun Li

Tuesday 09:00 10:00
Tuesday 09:00 10:00

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