Principles of Securities Investment

Author: Chen Baohua
Publisher:
Publish Date: 2003-08-01
Features: Compared with the previous edition, this book has the following features: It is more comprehensive in content and has a more rational structure. Based on the original version, it adds some methods for evaluating securities' value using financial information and some modern investment theories, such as the Capital Asset Pricing Model (CAPM). In the current Chinese market, where speculation is prevalent, the inclusion of these contents will help guide readers' investment philosophy. Additionally, this edition adds a chapter on investment management and performance evaluation at the end, making the book cover the entire investment process from start to finish. Furthermore, this revision includes more charts and examples, enhancing the book's readability.
Second, the content is more up-to-date. Currently, both domestic and international securities markets are witnessing an endless variety of trading instruments and increasingly improved investment management levels. To address these developments, we have updated the trading rules in the original content and added new trading instruments previously unaddressed, such as exchange-traded funds (ETFs). Moreover, this revision emphasizes the introduction of basic knowledge while incorporating some theoretical and empirical research findings on securities investment from both domestic and international perspectives. These research outcomes will help readers understand the latest trends in the international investment discipline and further explore the market through empirical evidence.
Third, summaries and review questions have been added at the end of each chapter. This serves as a summary and review of each chapter's content while also providing a space for readers capable of further in-depth study and research. It is both a conclusion to the textbook content and an extension of it.
In summary, this edition, based on the current state of the Chinese securities market and referencing the latest developments in international markets, comprehensively and systematically introduces securities investment tools, securities markets and their operations, the procedures and methods of securities trading, the risks and returns of securities investment, investment analysis methods, and investment management and evaluation. This book is designed for college and university students with a foundation in economic and financial theories. At the same time, it can also serve as a reference book for adult education, correspondence education, self-learners, and practicing investors in securities investment.