Russia and China in International Finance and Trade

38.04.01In english

Level of education Master

Type of instruction Full-time

Duration 2 years

Full description

The master's programme ‘Russia and China in Global Finance and Trade’ is focused on the study of issues related to: the development of financial markets and trade policies of Russia and China; as well as the transformation of their role in the international trading system and global finance. Particular attention is paid to: the analysis of the application of new financial and digital technologies in Russia and China; and the study of trade policies and the prospects for bilateral cooperation between the countries both at the interstate and business levels, including within the framework of integration initiatives. The programme is implemented in English, optionally Chinese is studied.

The aim of the programme

The principal aim of the academic programme is to train specialists who have: the requisite knowledge in the field of financial markets and trade policy, including in relation to Russia and China; and a good command of Chinese. They will be ready to work in: the corporate sector; government agencies; international organizations; the academic field; research centers associated with practical activities in the field of finance and international business in Russia and China; as well as the development and implementation of trade.

Our graduates can apply the acquired knowledge and skills in a wide scope of activities: the corporate sector, government agencies, high school and research centers. Experts in this area are currently much-in-demand. It is determined by: the growing significance of China in the world economy and global governance;; China's priority in Russia's foreign economic policy; and the need to build and deepen business cooperation between the two countries. Graduates of the master's programme will be in demand as: financial analysts; experts in trade policy and foreign economic relations of companies; and experts in federal and regional ministries and departments, in particular, in the Ministry of Economic Development of Russia, the Ministry of Industry and Trade of Russia, the Ministry of Finance of Russia, as well as in international organisations, research centres, and educational institutions.

Key skills

The programme ‘Russia and China in Global Finance and Trade’ is unique in that it provides an indepth study of: trade and financial policies of Russia and China; and interaction between the countries to enhance their role in the global governance system. It also identifies areas for building mutually beneficial economic cooperation at the level of companies and organisations. During training, master’s students have an opportunity not only to improve their level of English but also to study Chinese. They acquire the knowledge and skills necessary for analytical and practical work in national and international companies and organisations whose activities are related to the trade and financial policies of Russia and China. After training, graduates are capable of:

  • using the discourse of research in the field of international trade and trade policy, and international finance;
  • using instrumental methods of economic analysis in applied and (or) fundamental research;
  • making economically and financially feasible organisational and managerial decisions;
  • conducting research in current issues in the field of trade and financial policies of Russia and China;
  • developing effective strategies for the behaviour of economic entities, taking into account the competitive structure of the local markets in Russia and China;
  • understanding the specifics of the functioning of the financial system in China and Russia and certain financial markets;
  • using financial instruments in the practice of Russian and Chinese government institutions and organisations, and private sector companies;
  • forming and implementing optimal decisions in the field of trade and financial policy;
  • developing strategies for promoting goods and services in the markets of Russia and China.
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Prospects for a future career in research and business

The International conference ‘Evolution of International Trading System: Prospects and Challenges’, guest lectures and workshops are regularly organised within the framework of the programme. Students have an opportunity to take part in international student mobility programmes, as well as to do internships in companies in Russia and China.

Master’s students of this programme have an opportunity to do internships in Russian and international companies and organisations, government agencies and departments, including: Gazpromneft Export; Sberbank of Russia; Huawei; the Ministry of Economic Development of the Russian Federation; the Ministry of Industry and Trade of the Russian Federation; the Eurasian Economic Commission; the Committee for External Relations of St Petersburg; the Finance Committee of St Petersburg; the Permanent Mission of the Russian Federation to the United Nations; and other international organisations in Geneva.

Uniqueness of the programme

It is the only programme of this study profile in the Russian Federation at the moment. The programme is unique in that it provides an in-depth study of trade policy issues and the financial structure of Russia and China, and the place of the countries in the changing global economic system. 

  • Master's degree in trade policy and financial markets in Russia and China provides a competitive advantage in the labour market.
  • The fact that the programme is taught entirely in English significantly expands the graduates’ opportunities for future employment in the field of international business, research activities and international organisations.
  • There is an opportunity to continue studying Chinese or start learning it from scratch with leading experts from St Petersburg University, as well as an opportunity to improve it in China.
  • There is an opportunity to do pre-graduation practice in China or Russia.
  • The skills set acquired will make it possible for graduates to work in the corporate sector and government agencies in Russia and China.

The programme covers a wide range of issues that reveal the nature of countries' participation in international trade and finance, as well as ways to improve the efficiency of economic interaction between countries on a bilateral and multilateral basis. It is planned to implement this programme as a double-degree one with Renmin University of China.

The range of topics that students can study in depth includes all issues that one way or another related to: the functioning of the national financial markets of Russia and China; key aspects of trade policies of both countries; regional and mega-regional integration initiatives; the use of new financial technologies; as well as the role of countries in global trade and finance.

Main academic courses
  • Public Finance: Theory and Practice in Russia and China
  • Corporate Finance: Theory and Practice in Russia and China
  • Banking Systems and Monetary Control in Russia and China
  • Russia and China in International Settlements and Monetary Relations
  • Current Issues in the Economies of Russia and China
  • Russia and China in the International Trading System
  • Russia and China in the International Capital Movement and Regional Integration Projects
  • International Transport Corridors under the Belt and Road Initiative
  • Russia and China in International Business
Teaching Staff
  • Evgenii Avdokushin, Doctor of Economics, Professor, member of the Russian Academy of Social Sciences, Head of the Centre for Asian Studies of the Faculty of Economics at Lomonosov Moscow State University
  • Vladimir Portyakov, Chief Research Associate, the Institute of Far Eastern Studies of the Russian Academy of Sciences
  • Sergei Sutyrin, Director of the programme, Doctor of Economics, Professor, Honoured Worker of Higher Education of the Russian Federation, WTO Chair Holder
  • Viktor Ivanov, Doctor of Economics, Professor, Honoured Worker of Higher Education of the Russian Federation, expert in the development of financial markets and institutions in Russia, corporate financial planning and forecasting, and public finance
  • Liu Shouying, Professor, Dean of the School of Economics, Renmin University of China
  • Li Xin, Professor, Director of the Institute for Eurasian studies, the Shanghai Cooperation Organization (SCO) Research Centre, Shanghai University of Politics and Law
  • Guan Xueling, Doctor of Economics, Professor, Executive Dean of Shenzhen Academy of Renmin University of China, Director of the Centre for Russian Studies of Renmin University of China – St Petersburg University