Financial Markets (Third Edition)

Author: Wang Zhaoxing
Publisher:
Publish Date: 2004-02-01
Features: With the continuous deepening of reform and opening-up, the market economy system has been gradually established, and China's financial market is developing rapidly, with numerous innovations emerging. At the same time, as practice progresses, financial market theory and disciplines have also been continuously developing and enriching. We revised the book Principles of Financial Markets in 1999. Considering the readers' strong affirmation of the book's basic framework, this revision and second edition largely retains the original structure while supplementing and updating the content of some chapters. Nevertheless, we still find it challenging to provide a comprehensive, thorough, and accurate depiction of the new developments in the financial market, which is, of course, mainly due to our limitations. Therefore, we look forward to continuous improvements after receiving expert corrections and readers' ongoing feedback.
The financial market is an important component of the market economy system and the core of the socialist market system. Principles of Financial Markets, compiled by Dr. Wang Zhaoxing and others, is a textbook designed to meet the needs of higher education. The book combines theory with practice, systematically elaborates on the theory and practice of financial markets, and is praised for its excellent content and quality, earning recognition as a national bestseller.
The book consists of 15 chapters, covering main topics such as: the formation and development of financial markets, the structure, functions, and supervision of financial markets, market participants, objects, and media, the interbank lending market, the bill market, the bond market, the stock market, the foreign exchange market, the financial futures market, and the investment fund market. Additionally, it discusses the trading prices and yields of stocks and bonds, investment operation analysis, and a review and outlook of global financial markets. Beyond meeting the needs of university teaching, it is also suitable for economic and financial theorists, practitioners, and the general public as a reference.