Academic

Core
Courses

Starts with an abundance of internationally-trained

Our curriculum is built around a combination of world-class,internationally-trained faculty,and senior-level financial practitioners.
    • Derivatives Market
      This course introduces forwards/futures, options, and swaps. Markets these derivatives trade in, their valuation, and how they are used to speculate or manage risk in financial markets. Specific topics include the pricing of futures/options, trading and hedging using derivatives, interest rate options and exotic options. The course involves extensive and intensive use of computer and relevant software packages.
    • Corporate Valuation & Fundamentals of Finance
      This course covers the corporate use of debt and equity, dividends, financial distress, managerial incentives, and the impact of leverage on capital budgeting. This course also covers methods of calculating corporate valuation using discounted cash flow methods including application of the Weighted Average Cost of Capital to discount Free Cash Flows, Adjusted Present Value, and Flow to Equity methods. Interpretation of multiples‐based valuation is also considered. Real‐world applications of corporate theories will be emphasized throughout the course.
    • Quantitative Portfolio Analysis
      This course introduces formal quantitative analytical concepts and tools used to manage security portfolios from perspective of an institutional investor. The following topics will be covered: market microstructure, margin purchasing, short selling, portfolio risk management, risk/return tradeoffs, strategic/tactical asset allocation, active versus passive management, portfolio revision, performance evaluation.
    • Financial Statement Analysis
      This course is a graduate level review of concepts and principles of corporate financial reporting, leading into a survey of financial analysis tools used for business investment decisions. These tools will be applied to public company financial statements, both domestic and international. Special attention also would be paid to the peculiarities of Chinese accounting standard as well as its corresponding practices. The course focus is on developing the skills required to interpret the information contained in financial statements and its use in decision-making rather than on the mechanics of financial statement preparation. Topics include, the analysis of firm profitability, growth and value generation, cash flows analysis, pro forma forecasting, and models to estimate firm valuation.
    • Finance within the Macroeconomy
      Financial decisions are made within a broader macroeconomic context. The course topic generally include: why people use financial markets, national income accounts, interest rate and central bank policy, banking, and international capital flows.
    • Communication and Computing (Spreadsheet/VBA) for Finance
      The course equips students with financial industry computing and communications skills. The computing side uses tools such as Python, Spreadsheet/VBA, and includes an introduction to state of the art developments in quantitative finance. Emphasis is on practical problem solving and data visualization. The communication side ties together with the computing module to build practical skills in professional financial oral and written communication styles by studying common financial products. The course will incorporate team case studies, bringing together problem solving and quantitative tools coupled with the effective communication elements, culminating in formal team presentations.
    • Financial Econometrics and Financial Data Analysis
      This course covers econometrics used in empirical finance. Topics include univariate and multivariate linear models, time series models, parametric and nonparametric models of volatility, risk management models. The course considers applied problems in financial data analysis and makes extensive use of computer-based applications to draw inferences.

Elective
Courses

A wide range of elective courses

Elective courses offer breadth and depth across a variety of emerging technologies and timely, local market financial topics.
    • Behavioral Finance
      Over the past several decades, the field of finance has developed a successful paradigm based on the notions that investors and managers were generally rational and the prices of securities were generally “efficient.” In recent years, however, anecdotal evidence as well as theoretical and empirical research has shown this paradigm to be insufficient to describe various features of actual financial markets. In this course we will use psychology and more realistic settings to guide and develop alternative theories of financial markets. We will examine how the insights of behavioral finance complement the traditional paradigm and shed light on investors' trading patterns, the behavior of asset prices, corporate finance, and various Wall Street institutions and practices.
    • Stochastic Models
      This course introduces basic techniques for modelling and analysing systems in the presence of uncertainty. It will cover probability preliminaries, Martingales, Brownian motions and applications in financial engineering.
    • Internet Finance
      The course provides the tools necessary to analyze the opportunities and potential competitive threats in commercial Web-based organizations. To quantify and apply the analysis, a particular focus is on valuing Internet companies based on a careful examination of their business model and environment. The course also covers the basic theory of financial intermediation as it applies to online financial service firms. It discusses the impact of a migration to online financial services and the competitive changes created.
    • Mining Massive Datasets
      This course will survey state-of-the-art topics in Big Data, looking at data collection (smartphones, sensors, the Web), data storage and processing (scalable relational databases, Hadoop, Spark, etc.), extracting structured data from unstructured data, systems issues (exploiting multicore, security), analytics (machine learning, data compression, efficient algorithms), visualization, and a range of applications.
    • Capital Markets
      Students analyze the capital markets and finance instruments. The course emphasizes how various institutional constraints impact on corporate financial decision-making and the implementation of financial strategies. Specific topics include the underwriting processes for both IPOs and secondary offerings, loan syndication, debt capital markets, convertible bonds and other hybrid instruments.
    • Mergers and Acquisitions
      The course presents the theories and empirical evidence on mergers, acquisitions, and restructuring, and analyzes the effects of various policy options on stock values of acquirer and target companies. Topics include valuating acquisition targets, methods of payment in acquisitions, strategies of acquisition, the use of leverage in acquisitions and the effects of acquisitions on bond values, major legal issues, case laws and defensive measures against hostile acquisitions. The course combines lecture material, analysis of cases, quantitative and qualitative analysis, and discussions of relevant news of such transactions.
    • Chinese Financial System
      Chinese economy has been growing at an unprecedented speed in the past three decades and it is already the world’s second largest economy. Meanwhile Chinese financial markets are also developing rapidly as the country’s leadership pushes forward its liberalization process and integration with the rest of the world. This course aims to provide an in-depth coverage of Chinese financial system, with a focus on its distinct characteristics. The objective is to understand the role provided by the financial system in Chinese economic development, as well as the investment opportunities and risk presented by the system to the outside world.
    • Emerging Companies Finance
      The course covers financial topics most relevant to newly formed companies, with an emphasis on innovative startups that target large markets and raise outside capital. Includes topics on: (1) valuation, which is the course’s primary theme, underlying all of the topics covered, (2) evaluating business opportunities, which focuses on the underlying economic principles that differentiate large opportunities from small opportunities, (3) funding business opportunities, which covers both identifying a company’s needs and acquiring the capital to finance those needs, and (4) discussing how successful entrepreneurial ventures “exit.”
    • FinTech Theory and Practice
      Financial technology (FinTech) is revolutionary and rapidly changing the financial services industries. The objective of this course is to introduce students to the theory and practice of FinTech. This course covers the applications of new technologies in financial services such as big data, blockchain, machine learning and artificial intelligence (AI). Students are expected to develop a broad understanding of the recent FinTech developments and the new forms of financial services such as peerto-peer lending and crowdfunding, robo-advisors, InsurTech and cryptocurrencies. In addition, we will discuss the regulatory challenges and privacy concerns that emerge as part of the FinTech transformation. Representatives from financial firms, big technological companies or insurance companies will be invited to share with the class the recent development in FinTech in the industry.
    • Banks and Financial Institutions
      The course examines banks, insurance companies and investment funds. Topics include the role of intermediation, the part played by banks in the real economy, regulation and management of banks, valuation of financial institutions, the functions and conduct of insurance companies, behavior and management of mutual funds and hedge funds. The course also covers corporate credit analysis, credit scoring modelling as well as the various credit risk management practices.
    • Electronic Payment Systems and Blockchain
      This course covers various methods of transferring payments over the Internet and compares their functionality and provides a solid, overall, understanding of blockchain technology. Topics include electronic money, electronic contracts, micro-payments, authenticity, integrity and reliability of transactions, encryption and digital signature techniques needed to support electronic cash, technologies available to support secure transactions on the Internet and the fundamentals of blockchain technology.
    • Fixed-income Securities Analysis
      This course introduces the analytical tools and concepts needed to price fixed income securities. Topics include the pricing and hedging of bonds, inflationindexed bonds, derivatives, and other types of fixed income securities. Emphasis will be placed on the student’s ability to price these securities by appropriately discounting future cash flows for time and risk.
    • Microstructure and Algorithm Trading
      This course introduces the foundations of securities trading and discusses market microstructure and optimal trading strategies. IT covers the nature of markets and prices, trading mechanism, market microstructure models, trading costs and optimal trading strategies and high frequency trading.
    • Credit Risk Modelling and Products
      The course introduces credit risk modeling and credit derivatives evaluation and management. It covers structural models of default risk, intensity-based modelling, risk structures of interest rates; credit default swaps, CDOs and related products.
    • Quantitative Risk Management
      This course provides students with an in-depth understanding of financial risks by building mathematical models in order to understand the nature of these risks and to manage them using relevant products and instruments. Topics include market risk such as interest rate risk, credit risk, foreign exchange risk at trade level and portfolio level. The course also covers Value at Risk, liquidity risk and an introduction to bank regulations.
    • Directed Research in Finance
      This course prepares students to engage in productive and original research in the broad area of finance under the instruction of leading professors.
    • Contemporary Issues In Chinese Financial Development(Practitioner Workshops)
      The course aims to broaden students’ perspective on the many contemporary issues in Chinese financial development. Practitioner speakers will work with students on both classroom case presentations and projects. By offering students opportunity to integrate theories with existing finance practices, the course helps students gain practical insights in the latest trends of corporate finance and investment management in China. (* This course is conducted mainly in Chinese in the form of workshops hosted by local financial industry executives.)
    • Alternative Investment
      This course combines theory and practice (with most case studies drawn from Chinese capital markets) to explain alternative assets and their investment management knowledge. The course will analyze how to conduct alternative asset allocation from the perspective of institutional investment managers (such as pension funds, endowment funds, family offices, etc.). Through this course, students will learn about the returns, risks, characteristics and investment strategies of classic alternative asset such as hedge funds, private equity funds, real estate and commodities. Meanwhile, they will also understand, as institutional investors, how to allocate alternative assets properly. (* This course is conducted mainly in Chinese.)

Featured
Course

Contemporary Issues in Chinese Financial Development (Practitioner Workshops)

In this Course,a series of practitioners,holding senior,director-level roles at top financial institution are invited to deliver lectures on leading-edge topics,and share practical experiences
    • Real Word Financial Challenges
    • Small-group case studies

Campus life
Activities

Hello
FINest!

FINest symbolizes the best financial people. This is our programme goal for the students and also our expectations for the future that our students can expect. New students, welcome to join the FINest!

Sports
Competition

Tired of the same kind of activities? You will love our sport competitions! Where to go, how long to play, and how to play, these are all up to you. Basketball, football,badminton, table tennis, volleyball, any sports competition that you can come up with will be satisfied by our gymnasium.

Creative
Study mode

Confuse about your future development? Do not understand the corse content? Don't worry! Our CAA (Career & Academic Advisors) system will help you figure it out! Our programme tutors and teachers will give their sincerely advises to you. Please do not hesitate to contact us.

FINEST
Salon

Connections are vital if you want to have a field day in the financial world. FINest Salon will bring you close contact with industry professionals and outstanding alumnus. Plus, we will prepare fine food and coffee for students and professors. Let's join us!

FINEST
NIGHT&PARTY

After a stressful test week, you may want to relax, to chat and play with your classmates, or plan ahead for the next semester. Then come to the FINest Night/Day! There are dynamic professors and teachers willing to chat on anything with you; there are course information for the next semester helping you plan for your studies. Looking forward to it? Come on!

FINEST
Jungle Guide

Never been to Shenzhen before? Want to know more about our campus and district? Two senior students of the programme will lead you Junglers to explore this mysterious "Jungle".

students
testimonials

"The MSc Finance Programme of SFI has excellent professors and tutors, practical courses and professional employment guidance.
Compared with the postgraduates in the mainland, we have a shorter and flexible educational system, our curriculums are practical and with full-English teaching. During my internship, the employer commented that our courses are excellent preparation for investment research."
--Lingni JIANG
Ping An Trust

With our programme's vision and extensive resources, we seek to make an outsized contribution to China's ongoing financial reforms. Our goal is nothing less than to be recognized as one of the world's top financial institutions.