Introduction to Financial Engineering

Author: Yang Jingpeng
Publisher:
Publish Date: 2003-03-01
Features: With China's entry into the World Trade Organization and the gradual establishment and improvement of the financial market, an increasing number of domestic enterprises and financial institutions are engaging more in international financing/investment activities. Additionally, from a long-term trend perspective, China will steadily advance interest rate liberalization and the free exchange of the RMB in the capital account. The resulting interest rate and exchange rate fluctuation risks will have a profound impact on almost all enterprises and individual investors, while also requiring the market to provide appropriate risk management tools, such as forwards, futures, options, and swap-based instruments. Financial engineering is bound to find corresponding development space in China. Financial engineering, also known as financial engineering, covers some aspects of multinational corporate finance and has now become a course in many universities' business administration and finance programs both domestically and internationally. China has gradually begun research on financial engineering. However, overall, the development of this discipline is still in the stage of introduction, digestion, and absorption. The implementation and operation of the national "Nineth Five-Year Plan" major project "Financial Mathematics, Financial Engineering, and Financial Management" demonstrate the high level of attention paid by relevant authorities to the development of this discipline. The author of this book has reviewed a large amount of domestic and international materials and combined teaching practice, believing that this book has certain practical and popular value.