课程详述

COURSE SPECIFICATION

以下课程信息可能根据实际授课需要或在课程检讨之后产生变动。如对课程有任何疑问，请联

系授课教师。

The course information as follows may be subject to change, either during the session because of unforeseen

circumstances, or following review of the course at the end of the session. Queries about the course should be

directed to the course instructor.

课程名称 Course Title

中国经济与金融 China Economics and Finance

授课院系

Originating Department

金融系 Department of Finance

课程编号

Course Code

FIN310

课程学分 Credit Value

课程类别

Course Type

专业核心课 Major Core Courses

授课学期

Semester

春季 Spring

授课语言

Teaching Language

中文 Chinese

授课教师、所属学系、联系方

式（如属团队授课，请列明其

他授课教师）

Instructor(s), Affiliation&

Contact

（For team teaching, please list

all instructors）

栗沛沛,助理教授，金融系

Peipei LI, Assistant Professor, Department of Finance

邮箱/Email: lipp@sustc.edu.cn

电话/Phone: 8801-8606

办公室/office:慧园 3 栋 305, Wisdom Valley 3#305

实验员/助教、所属学系、联系

方式

Tutor/TA(s), Contact

黄纯飞，金融系

Chunfei HUANG, Department of Finance

邮箱/Email:cfhuangnku@163.com

10.

选课人数限额(可不填)

Maximum Enrolment

（Optional）

授课方式

Delivery Method

讲授

Lectures

习题/辅导/讨论

Tutorials

实验/实习

Lab/Practical

其它(请具体注明)

Other（Please specify）

总学时

Total

11.

学时数

Credit Hours

12.

先修课程、其它学习要求

Pre-requisites or Other

Academic Requirements

微观经济学 Microeconomics FIN201

宏观经济学 Macroeconomics FIN204

金融投资概论 Introduction of Financial Investment FIN301

公司金融 Corporate Finance FIN206

13.

后续课程、其它学习规划

Courses for which this course

is a pre-requisite

14.

其它要求修读本课程的学系

Cross-listing Dept.

教学大纲及教学日历 SYLLABUS

15.

教学目标 Course Objectives

通过对中国经济和金融现象的介绍、分析和讨论，使学生对中国的经济环境和金融实践有一个较为全面的了解，增强学生

分析解决中国经济金融问题的能力，帮助学生使用金融学理论分析中国的金融现象，进而引导学生探索中国的金融学理

论。本课程主要涵盖的内容包括中国的经济发展模式、中国的货币政策和宏观调控、中国汇率问题及其改革、中国银行业

的改革、资本市场的发展历史、金融监管的变迁、中国的 IPO、并购基金、中国债券市场、商品期货和金融期货市场的发

展及演变、中国的金融创新以及金融科技等内容。其中，对于中国发展历程中的一些困惑，本课程也会做一些理论上的探

讨。

This course will provide information on China economics and finance, sharpen student’s skills in analysing china’s

economic and financial problems. Topics may include the below issues in China: Growth Model, Currency Policy,

Exchange Rate Reform, Banking Reform, Capital Market Development, Financial Regulation, IPO, M&A, Bond Market,

Futures and Options Market, Financial Innovation and FinTech.

16.

预达学习成果 Learning Outcomes

通过本课程的学习，提高学生对中国经济金融现象的理解和分析能力。让学生立足中国国情，将金融学理论在实践中学以

致用。

This course will improve students’ understanding of China’s economic and financial phenomena and encourage them to

apply financial theory into China’s financial practice.

17.

课程内容及教学日历（如授课语言以英文为主，则课程内容介绍可以用英文；如团队教学或模块教学，教学日历须注明

主讲人）

Course Contents (in Parts/Chapters/Sections/Weeks. Please notify name of instructor for course section(s), if

this is a team teaching or module course.)

第一讲中国的经济发展模式（3 学时）

本讲将介绍中国改革开放 30 多年的发展成绩，主要从中国的比较优势、制度优势、渐近式改革几个方面进行分析，总结

中国的发展模式。中国的高速发展也带来了诸如环境污染、资源浪费等一系列问题，我们也将从发展的角度，对如何应对

这些问题和未来发展路径如何选择进行了详细的探讨。

Lecture1 Growth Model (3 hours)

This lecture will introduce the development achievements of China's reform and opening up for more than 30 years,

mainly from the prospective of China's comparative advantages, institutional advantages, and gradual reforms, and

summarize China's development model. China's rapid development has also brought about a series of problems such as

environmental pollution and waste of resources. We will also discuss in detail how to deal with these problems and how

to choose future development paths from a development perspective.

第二讲中国的货币政策和宏观调控（3 学时）

本讲将向学生介绍货币政策这种宏观调控中不可或缺的重要工具，包括货币发行、利率、再贷款及公开市场业务等调控手

段。我国宏观调控的实践证明，货币政策在避免国民经济运行出现大起大落，保障宏观经济总量平衡中发挥着极其重要的

作用。

Lecture2 Currency Policy (3 hours)

This lecture will introduce students with the important tools that are indispensable in the macro-control of monetary

policy, including currency issuance, interest rates, refinancing and open market operations. The practice of China's

macroeconomic regulation and control proves that monetary policy plays an extremely important role in avoiding the ups

and downs of the national economy and ensuring the balance of macroeconomic aggregates.

第三讲中国汇率问题及其改革（3 学时）

本讲将向学生介绍我国汇率制度的形成机制和演变过程，并探讨我国汇率制度改革所产生的影响。在经济全球化的背景

下，人民币汇率制度改革涉及到政治，金融，贸易等多个领域，人民币汇率的变动也会对世界主要经济体带来较大的影

响。

Lecture3 Exchange Rate Reform (3 hours)

This lecture will introduce students with the formation mechanism and evolution process of China's exchange rate

system, and explore the impact of China's exchange rate system reform. In the context of economic globalization, the

reform of the RMB exchange rate system involves many fields such as politics, finance, and trade. Changes in the RMB

exchange rate will also have a great impact on the world's major economies.

第四讲中国银行业的改革（3 学时）

本讲将介绍中国银行业金融机构的结构、特征、功能、发展理论和体制改革历程。通过回顾中国银行业发展变迁的历程轨

迹来分析中国银行业改革对促进经济发展的作用，同时深入分析总结出我国银行业改革进程中的经验和教训，

Lecture4 Banking Reform (3 hours)

This lecture will introduce the structure, characteristics, functions, development theory and system reform process of

Chinese banking industry. Through reviewing the track of the development of China's banking industry, we will analyse

the role of China's banking reform in promoting economic development, and at the same time, summarize the

experiences and lessons learned in China's banking reform process.

第五讲资本市场的发展历史（3 学时）

本讲将介绍我国资本市场从无到有，逐步发展并成为经济中重要组成部分的发展历程，学生将了解到中国资本市场在不同

阶段的发展状况和各个时期不断完善的法律制度，资本市场持续发展的各项要素和条件。

Lecture5 Capital Market Development (3 hours)

This lecture will introduce the development process of China's capital market which from scratch to become an important

part of the economy. Students will learn about the development of China's capital market at different stages and the

continuous improvement of the legal system in each period. The various elements and conditions for continues

development of the capital market.

第六讲金融监管的变迁（3 学时）

本讲将介绍中国金融监管业的历史变迁，大致分为集中统一监管、分业监管体制、金融监管体制的不断完善三个阶段。金

融业的发展为推动中国特色社会主义的发展起到了重要的支持作用。而与之相随的是，日益复杂的金融业态乱象加剧了金

融风险的发生，这就要求金融监管必须随着改革开放的推进不断变革。

Lecture6 Financial Regulation (3 hours)

This lecture will introduce the history of China's financial supervision industry, which is roughly divided into three stages:

centralized and unified supervision, separate supervision, and continuous improvement of financial supervision system.

The development of the financial industry has played an important supporting role in promoting the development of

socialism with Chinese characteristics. Meanwhile, the increasingly complicated financial industry chaos has aggravated

the occurrence of financial risks, which requires that financial supervision must be constantly changed with the

advancement of reform and opening up.

第七讲中国的 IPO（3 学时）

本讲将介绍中国 IPO 制度变迁历程呈现的特点和趋势,包括不同历史条件下的 IPO 发审制度、定价制度、信息披露和法律

责任制度等。在我国渐进式市场化的 IPO 制度改革背景下,推进 IPO 制度的市场化、加强投资者保护、强化信息披露导向

及完善法律惩戒机制是我国 IPO 制度变迁中的焦点问题。

Lecture7 IPO (3 hours)

This lecture will introduce the characteristics and trends of the evolution of China's IPO system, including the IPO review

system, pricing system, information disclosure and legal liability system under different historical conditions. Under the

background of China's progressive market-oriented IPO system reform, promoting the marketization of IPO system,

strengthening investor protection, strengthening information disclosure and improving the legal disciplinary mechanism

are the focus of China's IPO system changes.

第八讲并购基金（3 学时）

本讲将介绍并购基金的相关理论，对其基本含义及其特点、基本运作流程及基本投资步骤进行简要分析,让学生对并购基金

有整体上的把握。通过比较发达国家并购基金的投资模式分析中国并购基金发展的政策环境、金融环境和产业环境。

Lecture8 Merger and Acquisition (3 hours)

This lecture will introduce the relevant theories of M&A funds, briefly analyse their basic meanings and characteristics,

basic operational procedures and basic investment steps, students will have an overall understanding of M&A funds. By

comparing the investment models of M&A funds in developed countries, we will analyse the policy environment, financial

environment and industrial environment of China M&A funds.

第九讲中国债券市场（3 学时）

本讲将介绍中国债券市场发展的基本背景以及债券市场融资和财富管理的重要职能。让学生认识到财政和货币政策通过债

券市场实施的理论逻辑，财政和货币政策目标实现与债券市场的现实关联性,以及目前财政和货币政策通过债券市场实施和

相互协调所面临的现实问题。

Lecture9 Bond Market (3 hours)

This lecture will introduce the basic background of the development of the Chinese bond market and the important

functions of bond market financing and wealth management. Sudents will recognize the theoretical logic of fiscal and

monetary policy implementation through the bond market, the real relevance of fiscal and monetary policy objectives to

the bond market, and the real problems faced by current fiscal and monetary policies through the bond market

implementation and coordination.

第十讲商品期货和金融期货市场的发展及演变（3 学时）

本讲将介绍中国期货市场的发展历程，大致可以分为初期发展阶段，清理整顿阶段和逐步规范阶段。中国期货市场的发展

对于深化资本市场改革，完善资本市场体系，发挥资本市场功能具有重要意义。

Lecture10 Futures and Options Market (3 hours)

This lecture will introduce the development process of China's futures market, which can be roughly divided into the

initial development stage, the clean-up stage and the gradual standardization stage. The development of China's futures

market is of great significance for deepening the reform of the capital market, improving the capital market system, and

exerting the function of the capital market.

第十一讲中国的金融创新（3 学时）

本讲将介绍我国为适应经济发展在金融产品、金融服务、金融工具和金融市场等方面的创新。实体经济对金融创新的需求

在不断增长，在金融体制改革不断推进的过程中，国外金融机构广泛介入我国金融市场直接带来了金融创新业务，市场化

竞争也迫使国内金融机构不断寻求创新。

Lecture11 Financial Innovation (3 hours)

This lecture will introduce China's innovations in financial products, financial services, financial instruments and financial

markets to adapt to the economic development. The demand for financial innovation in the real economy is growing. In

the process of continuous reform of the financial system, the extensive involvement of foreign financial institutions in

China's financial market has directly brought about financial innovation business. Market competition has also forced

domestic financial institutions to continuously seek innovation.

第十二讲金融科技（3 学时）

本讲将介绍金融科技的概念与起源,按照时间对金融科技的发展历程进行整体呈现,并对中国金融科技的发展现状进行多方

位的阐释。金融科技的核心是利用大数据、云计算、物联网、人工智能等新兴技术改造或创新金融产品、经营模式和业务

流程，从而降低金融交易成本,拓展金融发展广度与深度。

Lecture12 FinTech (3 hours)

This lecture will introduces the concept and origin of financial technology, and explains the development status of

China's financial technology in multi-dimensional. The core of financial technology is to transform or innovate financial

products, business models and business processes with emerging technologies such as big data, cloud computing,

Internet of Things, artificial intelligence, etc., thereby reducing financial transaction costs and expanding the breadth and

depth of financial development.

第十三讲中国国有企业改革（3 学时）

本讲将对国有企业的含义、起源、存在的必要性、国有企业的效率所在进行理论上的分析，同时对国有企业改革进行脉络

梳理与经验总结。中国国有企业改革可划分为改革的初步探索、制度创新以及纵深推进三个阶段。国企改革是中央推动与

地方实践上下结合的产物，本质上是生产力与生产关系的相互作用，符合建设社会主义市场经济的客观需要。

Lecture13 State-Owned Enterprises Reform (3 hours)

This lecture will theoretically analyse the meaning, origin, necessity and efficiency of state-owned enterprises, and at the

same time, summarize the reform of state-owned enterprises. The reform of China's state-owned enterprises can be

divided into three stages: preliminary exploration of reform, institutional innovation and deepening of progress. The

reform of state-owned enterprises is the product of the combination of central promotion and local practice. It is

essentially the interaction between productivity and production relations, and is in line with the objective needs of

building a socialist market economy.

第十四讲中国 14 大以来的经济政策和经济制度的变化（3 学时）

本讲将介绍中国从 14 大提出构建社会主义市场经济以来，经济发展开始高度计划经济向更加灵活的市场经济转换，社会

经济体制由国家向人民转变，减少了政府职责，增加了社会财富的生成机制，人民生活水平大幅度提高。

Lecture14 Economic Policy and Institution Transformation since 14th National Congress of CPC (3 hours)

This lecture will introduce China's development of the socialist market economy from the 14th National Congress.

Economic development began to shift from a highly planned economy to a more flexible market economy, the social

economic system changed from the state to the people, reduced government responsibilities, and increased the

formation mechanism of social wealth. The people's living standards have increased substantially.

第十五讲中国金融的市场化改革和渐进性改革套利（3 学时）

本讲将介绍中国金融的市场化改革和渐进性改革套利。由于套利机会的存在，使得国内各个金融监管部门独自的市场化努

力，对建立定价体系往往收效甚微。对于中国金融发展和改革而言，在对金融体系采取市场化改革方案时，也要同时对产

生套利机会的制度和体制予以关注并进行必要的改革。

Lecture15 Reform of China’s Financial Market and Gradual Reform Arbitrage (3 hours)

This lecture will introduce the marketization reform and gradual reform arbitrage of China's finance. Due to the existence

of arbitrage opportunities, the independent marketization efforts of various financial regulatory authorities in China have

little effect on the establishment of pricing systems. For China's financial development and reform, expect adopting a

market-oriented reform plan for the financial system, it is also necessary to pay attention to the systems and institutions

that generate arbitrage opportunities and carry out necessary reforms.

第十六讲中国资产证券化市场的发展介绍（3 学时）

本讲将介绍中国资产证券化市场的基本结构特征，分析中国主要资产证券化市场相关制度的共性和差异性。学生可以从产

品的交易结构视角了解中国资产证券化市场的各项机制。

Lecture16 Securitization in China (3 hours)

This lecture will introduce the basic structural characteristics of China's asset securitization market, analyse the

commonalities and differences of the relevant systems of China's major asset securitization market. And students can

understand the various mechanisms of China's asset securitization market from the perspective of product transaction

structure.

18.

教材及其它参考资料 Textbook and Supplementary Readings

卡尔﹒波兰尼，巨变：我们时代的政治经济起源 Karl Polany, The Great Transformation: The Political and Economic

Origins of Our Time

林毅夫：解读中国经济 Justin Lin : Economic development and Transition: Thought Strategy and Viability

卡尔. 沃尔特:红色资本 Carl E. Walter: Red Capitalism

课程评估 ASSESSMENT

19.

评估形式

Type of

Assessment

评估时间

Time

占考试总成绩百分比

% of final

score

违纪处罚

Penalty

备注

Notes

出勤 Attendance

课堂表现

Class

Performance

小测验

Quiz

课程项目 Projects

平时作业

Assignments

期中考试

Mid-Term Test

期末考试

Final Exam

期末报告

Final

Presentation

其它（可根据需要

改写以上评估方

式）

Others (The

above may be

modified as

necessary)

20.

记分方式 GRADING SYSTEM

 A. 十三级等级制 Letter Grading

 B. 二级记分制（通过/不通过） Pass/Fail Grading

课程审批 REVIEW AND APPROVAL

21.

本课程设置已经过以下责任人/委员会审议通过

This Course has been approved by the following person or committee of authority