This Global Commerce Immersion course examines the role of Hong Kong and Singapore as Asian Financial Capitals through a series of onsite visits to financial firms, lectures, and executive presentations.
Although similar in many ways, the two rival financial centers have different strengths. Singapore is a growing hub for private banking, wealth management, and Fintech, while Hong Kong is a leading center for IPO activity and remains a "financial entrepôt" for mainland China as it liberalizes its financial markets. The historic role that the natural harbors of both cities have played in their rise to economic prominence is also examined as is the rise of each city as an air transportation hub.
The program will begin in Hong Kong and conclude in Singapore.
December 29: Arrival in Hong Kong by 2pm
January 5: Travel to Singapore
January 10: Program ends with farewell lunch, depart in evening
Students will visit key business centers and have time to explore the cities on their own. Students who want to combine this course with travel around Asia are encouraged to do so before the course begins on December 29, 2019.
Asian Financial Capitals: Hong Kong and Singapore (2019 syllabus for reference)
(COMM 4589; 3 credits)
- Develop a better understanding of the role that Hong Kong and Singapore play in fostering economic growth in Asia and how strong economic growth in Asia has increased the importance of Hong Kong and Singapore as regional Financial Capitals.
- Introduce students to areas where China is liberalizing its financial system such as the development of the offshore RMB market in Hong Kong.
- Introduce students to the growing role of Singapore as a wealth management and alternative asset management (i.e., hedge funds and private equity firms) center.
- Expose students to the often under-studied maritime industry. Hong Kong and Singapore have long been transshipment locations given their natural harbors and strategic locations.
This Global Commerce Immersion course is open to 2nd, 3rd, and 4th year undergraduates, as well as graduate students, with instructor's permission. Students who successfully complete COMM 4589 will earn three credits in the McIntire School. Students in the Commerce School can apply these credits toward the Global Commerce Track, or as a Commerce elective.
Information about all McIntire School of Commerce Global Programs can be found here.
Robert I. Webb | email@example.com
Professor Webb is the Martin J. Patsel, Jr., Research Professor at the McIntire School of Commerce and Editor of the Journal of Futures Markets. His experience includes trading fixed income securities for the World Bank; trading financial futures and options on the Chicago Mercantile Exchange; designing new financial futures and option contracts for the Chicago Mercantile Exchange; serving as Senior Financial Economist at both the Executive Office of the President, Office of Management and Budget and the U.S. Commodity Futures Trading Commission; and consulting on risk management issues for the Asian Development Bank in Manila. He is the co-author of "Shock Markets: Trading Lessons for Volatile Times" (FT Press 2013).
Accommodation and Meals
The group will be housed in centrally located hotels in both Hong Kong and Singapore. Breakfast will be provided at the hotel each day of the program.
The University of Virginia believes in providing reasonable accommodations for students with documented disabilities on an individual and flexible basis. This program typically involves navigating a variety of urban terrains and modes of transportation. If you believe that you would require adjustments in order to fully participate in this program, please contact the Student Disability Access Center at 434-243-5180 as early as possible in order to begin this dialogue.
Passport and Visa
All participants will need a valid passport in order to participate in the program. Students must ensure that their passport is valid at least six months past the program return date. US passport holders will not need a visa to participate in this program. International students should consult the immigration websites for both countries for visa and entry requirements, and meet with their International Student Advisor in the International Studies Office for information about re-entering the U.S. at the conclusion of the program.
Health and Safety Information
All students considering Education Abroad should consult the Students Abroad section of the U.S. Department of State’s web-based travel resources and the Centers for Disease Control and Prevention Traveler’s Health web resources to research health, safety, and security conditions; visa requirements; immunization requirements; and recommendations on staying healthy and safe in their target destination(s). Students should also carefully review the UVA Education Abroad Health & Safety Abroad web page. Parents and guardians are strongly advised to review all of these resources, as well. UVA students and visiting students enrolled in UVA Education Abroad programs are subject to the University of Virginia’s Policy on Student International Travel.