September 2-6, 2024

From September 2 to 6, 2024, the course on Financial Markets and Instruments (FMI) took place in Dalian in collaboration with the Chinese Securities Regulation Committee (CSRC). 25 participants from Chinese agencies including the CSRC, National Financial Regulatory Administration (NFRA), People's Bank of China (PBC), Shanghai Stock Exchange (SSE), Shenzen Stock Exchange (SZSE), Asset Management Association of China (AMAC), and China Securities Depository and Clearing Corporation (CSDC), and 12 participants from Bangladesh, Hungary, Malaysia, Pakistan, Republic of Serbia, and Thailand, participated in the training.

Laura Kodres from the Institute for Capacity Development, offered participants a foundation in financial instruments beyond the standard treatment of bonds. It covered forwards, futures, swaps, and options, and then combines these building-block instruments with practical applications. The course also devoted time for policy implications, notably related to regulation of financial markets. Lectures introduced the underlying theory, while workshops and case studies allowed participants to apply the knowledge and to test their understanding of how and why some strategies are used. Also highlighted is misuse of financial instruments, which could lead to large losses and financial instability. Participants also prepared final presentations on current financial market issues. The course was well received by the participants.