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.
Training Objectives
The purpose of this program is to train high-l evel app lication-oriented professionals in financial engineering w ith international perspectives and innovative spirits based on the compound knowledge, who can grasp fundamental theories and knowledge o f finance and financial engineering, ski l ls of securities analysis and financing operation; who sh ould have comprehensive knowledge of economics, management, law and finance, and have strong awareness of the market, competition and innovation ; who can analyze, research and solve financial problems accordin g to financial quantitative m eth ods; w h o can develop, design and combin e n ew financial instrum ents and transaetions, and be compe t ent for the jobs in financial risk management, investment and eash mana gem ent , corpor ate finance and financia l produ cts pri ei n g, etc.
Training Standards
This program will be totally in line with international development s in the area offinanee and combine the Chinese characteristics as well. The program empha sizes the internationalization , application , and case study. The student s in this program will mainly study th e basic theories and fundamental knowledge of math , economi cs, finance, financial management, receive the fundamental trainings of economics and finance, and ma ster the abi lity of theoretical analysis and practice in financial engineerin g. All the courses of this program, except a few Chinese-related ones, will be taught in English.
Knowledge: The graduate should have basic knowledge of humanities, social sciences, master the basic theories and methods of finance, financial engineering, securities analysis, can combine the qualitative and quantitative research methods and skills, have comprehensive knowledge of economics, management, law and finance, grasp economic and financial policies and laws and current development of China as well as in main countries and areas in the world.
Ability: The graduate should have the basic skill s and professional ski lls of doing financial risk management, in vestm ent, corporate finance and financial products pricing, grasp the basic skill s in mathematica l modeling and empirical researeh in financial markets on the basis of mathematica l , statistical and quantitativ e research m ethod s, have a strong learning ability, have the entrepren eurial knowledge , skills and innovation ability, have a strong practical ability, eross cultural communication ability and social adaptability, master a foreign lan guage and have the ability of listening, speak ing, reading , writing and translation.
Quality: The graduate should be healthy both in physical and mental , have a higher cultural quality , have certa in communication ability with Chinese language.
Basic Requirements:
Applicants must be non-Chinese citizens, normally aged 18 and above and in good health, holding valid passports and willing to abide by Chinese laws and the university's rules and regulations and show due respect to China's social and cutural customs.
Requirement of proficiency in Chinese Language：
Applicants for programs in the fields of Sciences, Engineering, Medicine, Management, Music, Fine Arts etc. must have the certificate showing their proficiency reaching Level 3 of HSK Test(old format) or score 180 or above of Level 4(new format).
The university runs Chinese language programs to help international students improve proficiency and meet the requirements. Applicants with Level 6(new format) will be permitted to start their program studies directly if admitted.
1. A recent passport-sized photo
2. A photocopy of passport
3. Foreigner Physical Examination Form (Scanned copy )
4. Transcript of Senior High School
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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.
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 to admission@acasc.cn and our team will keep you updated.
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
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.
