Interest Rate Investment: The Reality Choice of China's Financial Industry in the 21st Century: Interest Rate Investment

Author: Huang Jianfeng
Publisher:
Publish Date: 2002-09-01
Features: This book is divided into five parts: the first part is the introduction; the second part is the theory; the third part is the policy; the fourth part is the technology. The fifth part is the practice. This book is suitable for asset managers, fund operators, interest rate investment personnel in commercial banks, securities companies, fund management companies, insurance companies, and other financial institutions. It can also be used as a reference for interest rate researchers in universities and colleges, institutional investors, investment consulting companies, and individual investors. Based on the objective development stage of China's economy and finance, this book proposes actionable suggestions for financial institutions to engage in interest rate investment, providing a clear path for their participation. The book is divided into five parts. The introduction analyzes the background of the trend of interest rate investment, clarifies the meaning of interest rates, and elaborates on interest rate investment management, especially interest rate risk management, based on the definition of interest rate products. The theory part explains interest rate determination theory and interest rate structure theory, introducing interest rate equilibrium determination models and the determination of China's interest rate levels. The policy part selects major policy factors affecting interest rate investment, such as interest rate management systems, monetary policy intermediate targets, interest rate levers, and interest rate liberalization reforms, briefly explaining the principles and introducing China's policy environment for interest rate investment, as well as conducting a forward-looking analysis of China's interest rate policy reforms. The technology part introduces some technical means of interest rate investment, including bond yield curves, pricing models, and portfolio investment theory, with a focus on explaining the construction of China's bond yield curve and its implications for investment. The practice part provides a practical introduction to interest rate product investment, covering content such as the interest rate investment market, investment channels, investment skills, and risk management.