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. For instance, Singapore is a growing hub for private banking and wealth management and Hong Kong remains a "financial entrepot" for mainland China as it liberalizes its financial markets. Hong Kong is also an important center for initial public offerings (IPOs). 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.
January 4: Arrival in Hong Kong by 3pm
January 10: Travel to Singapore
January 15: 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 January 4, 2016.
View from Hong Kong
International Commerce Centre
- 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.
The group will be housed in the following hotels:
Hong Kong - Ibis Hong Kong Central/Sheung Wan
Singapore - Conrad Centennial Singapore
Marina Bay, Singapore
Asian Financial Capitals:
Hong Kong and Singapore
(COMM 4589; 3 credits)
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 a Commerce elective.
Syllabus & Itinerary
2016 January Term: COMM 4589 HK-Singapore Syllabus
Tuesday, September 8, 2015, at 5pm,
Rouss-Robertson Halls 223
Wednesday, September 9, 2015, at 5pm,
Rouss-Robertson Halls 223
Students ring the gong at
the Singapore Exchange
Study Abroad Policies
Education Abroad Workshop
Students must view and complete the online Education Abroad Workshop prior to starting the UVA Study Abroad application. Please refer to the Education Abroad Workshop homepage for more information.
Withdrawal and Refund Policy
The program cost and payment schedule are listed under the "Budget Sheets" link at the top of this page. This includes tuition, all accommodations, and group airfare from Hong Kong to Singapore. In addition to these, students are responsible for the following expenses:
- International Airfare
- Most meals
- Some local transportation costs
- Personal expenses
Program Director Robert I. Webb, firstname.lastname@example.org, is the Paul Tudor Jones II Research Professor at the McIntire School of Commerce and Editor of the Journal of Futures Markets. Professor Webb's 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).
McIntire School of Commerce
Information about all McIntire School of Commerce Global Programs can be found here.