The objective of this course is to provide students with an overall understanding of financial management practices in multinational companies in a dynamic global business world. The course extends corporate investment and financing decisions by emphasizing the adjustments in multinational firms due to additional risks they are exposed to, namely, foreign exchange risk and political risk, as well as how minimum global tax and the digital economy has impact on traditionally global tax planning tactics.

This elective course has a strong China context as most of the students are working in MNEs in China or Chinese MNEs. Not only does it specifically explain the rationale and the process of RMB exchange rate reform and the forex market in China, but also it presents many examples of Chinese firms in global investing and financing and hedging foreign exchange risks.

This course focuses on analytical skills rather than quantitative calculations. However, students should demonstrate that they have fundamental knowledge in Macroeconomics (GDP and inflation) and Corporate Finance (NPV, discount rate, cost of capital, etc.).