Chinese and global financial integration

Project summary

Traditionally, global financial markets were thought to be segmented owing to factors like regulatory barriers, taxes and information constraints. The increasing process of economic globalisation and financial liberalisation makes international financial markets more interconnected than ever before. Many have argued that openness in financial markets can increase international financial linkage and raise the depth of stock markets. However, there also exists a debate in its costs and benefits of financial market openness.

An exchange tie-up, i.e. Stock Connect integrating China with international developed markets, can become the new normal in future global financial integration. This pioneering project, funded by the British Academy Mid-Career Fellowship, offers new evidence and distinctive insights to the implementation and impacts of Stock Connect between China and the global markets. It covers a broad range of the topics in this cross-boundary investment channel, including investor protection, regulations of listing companies, regulatory cooperation and enforcement, as well as the challenges and future of financial market integration.

• Examine Chinese financial liberalisation and to what extent Chinese and global financial markets reconcile and integrate.
• Assess the impacts of stock exchange collaboration on the global financial markets.
• Discuss how cross-border enforcement issues or regulatory co-operation are dealt with between different market regulators.

Entry requirements

For our PhD programmes, we normally expect you to have a First or Upper-Second (2:1) honours degree and preferably a masters degree from a UK university or qualifications that we consider to be equivalent.

International students may also need to meet our English language requirements. Find out more about our entry requirements for international students.

Project specific requirements must align with the University’s standard requirements.

We welcome PhD proposals in:

• international trade law
• law and sustainable development
• corporate and commercial law
• financial law (including securities regulation, investor protection, fintech, and cryptocurrency regulation)
• arbitration.

How to apply

Please contact Professor Flora Huang ( F.Huang@derby.ac.uk )in the first instance.

The University has four starting points each year for MPhil/PhD programmes (September, January, March and June). Applications should be made at least three months before you would want to start your programme. Please note that if you require a visa additional time will be required.

Funding

Self-funded by student. There is a range of options that may be available to you to help you fund your PhD.

Supervisor

Flora Huang, Professor of Law and Business, researches corporate and financial law, international trade law, arbitration, fintech, sustainability, and Chinese law. She arbitrates for the China Guangzhou Arbitration Commission and chairs EU arbitration and Trade and Sustainable Development Expert Panels at the European Commission.

References

We are looking for ambitious and talented students to join our dedicated research community where we will support you on your own research journey through to graduation. These pages give you all the i...

If you decide to design your own PhD project, you will need to write a research proposal that will form part of your application. Before applying, you should review the critical literature in your sub...

Find out what the tuition fees are for PhDs and MPhils at Derby, as well as what sources of funding there are to help pay for them.

• Flora Huang, Chinese and Global Financial Integration through Stock Connect: A Legal Analysis (Hart, 2022/2023)
• Flora Huang (2021), “Stock Connect: Integration, Internationalisation and Implementation” Journal of Business Law (forthcoming)

Research areas