Finance is defined as a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, personal finance and corporate finance.As finance major, students go beyond making a budget; they learn how to analyze a budget to determine opportunities to save or identify the best investment option.

Finance involves the management, creation and study of money, banking, credit, investments, assets and liabilities. Students become familiar with financial systems, which include the public, private and government spaces. They also study financial instruments related to countless assets and liabilities.Specifically, Finance majors study cash flow, asset and risk management, capital markets, portfolio theory, international finance and forecasting and budgeting. Students become skilled at decision-making – one of the main differences between Finance and Accounting.

Students explore different career options in the Finance program based on their interest in decision-making – they can choose to pursue studies that support a managerial position as a Financial Analyst or they may be interested in a path that sends them to a career in Financial Consulting.

While getting a business degree in finance, students learn from faculty members with significant industry experience. Plus, students spend one semester honing skills in a professional environment such as a corporate finance group or a securities/investment-banking firm. At graduation, students are well prepared to succeed in the complex economic, financial and legal whirl of today's global economy. An entity whose income exceeds its expenditure can lend or invest the excess income to help that excess income produce more income in the future.

Though on the other hand, an entity whose income is less than its expenditure can raise capital by borrowing or selling equity claims, decreasing its expenses, or increasing its income. The lender can find a borrower—a financial intermediary such as a bank—or buy notes or bonds (corporate bonds, government bonds, or mutual bonds) in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary achieves the difference for arranging the loan.A bank aggregates the activities of many borrowers and lenders. A bank accepts deposits from lenders, on which it pays interest. The bank then lends these deposits to borrowers. Banks allow borrowers and lenders, of different sizes, to coordinate their activity.

1. All applicants should be university graduates with bachelor degree

2. HSK Level 5 (scores 195 or above)

3. Non Chinese Citizens
   

4. Must be of Good Health.

1. Certificate of HSK

Certificate of HSK (Chinese Proficiency Test)

2. Photocopy of valid passport

With name, passport number & expiration date, and photo included

3. Passport photo

A recent passport-sized photo of the applicant

4. Undergraduate school transcript

5. Bachelor's degree diploma

Graduation certificate in languages other than Chinese or English should be translated into Chinese or English and be certified by notarization.

6. Letter of recommendation

From professor or associate professor or equivalents

Question: What is the cost of applying through ACASC?

Answer: ACASC charges a service fee of 50$ for using its online application portal. Applying through ACASC into Chinese universities attracts a service fee of $50.

· Question: Can I apply to the university directly?

Answer: Yes. ACASC gives the applicants, the chance to directly apply to their desired universities through our online application portal. We have synchronized our system to create a simple platform that connects universities and colleges in China to international students all around the world.

· Question: How can I track my application status?

Answer: To track the application status, please log in your ACASC personal account. Whenever there’s an update, you will be informed on your application status through ACASC system within a day as soon as we receive university’s notification. You will simultaneously receive ACASC auto-email about the application status. To directly inquire about your application status, feel free to send us an email toadmission@acasc.cn and our team will keep you updated.

· Question: How to deal with a pending application?

Answer: When an application is pending a decision it means that your school has received it and no admissions decision has been made yet. The admissions office may have reviewed your application package or may not have.

The main cause of a pending application is usually incomplete application documents. As a result you will be requested by the school’s admission office to re-check and modify all submitted application documents or perhaps even add extra documents and then re-submit them.

To avoid further delays, carefully read the university’s comments, modify your application form on ACASC, and re-upload the required application documents. You can contact ACASC on admission@acasc.cn for any help with regards to your pending application

· How long does it take to process my application?

Processing time varies for different applications. For example to process a degree program application requires more time than a Chinese language application. Confirmation for Chinese language application by the admission office usually takes 2 to 4 weeks. However, time for degree programs application differs. For example fall semester application processing is after March, and it takes a period of 1 to 2 months. This also depends on your qualification and the number of applicants.