Principles of Security Investment (Second Edition)

Author: Chen Baohua, Editor-in-Chief
Publisher:
Publish Date: 2003-08-26
Features: Compared with the previous edition, this book has the following features: It is more comprehensive in content and has a more rational structure. Building on the original version, this book adds some methods for evaluating securities 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 book now includes a chapter on investment management and performance evaluation at the end, ensuring a complete investment process from start to finish. Furthermore, this revision incorporates 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 characterized by an ever-expanding variety of trading instruments and increasingly improved investment management levels. To address these developments, we have revised 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 fundamental knowledge while incorporating some theoretical and empirical research findings on securities investment from both domestic and international sources. These research outcomes will help readers stay informed about the latest trends in foreign investment disciplines and enable them to further understand the market through empirical evidence.
Third, summaries and review questions have been added at the end of each chapter. This serves as a concise overview 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 summary and an extension of the textbook material.
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 for adult education, correspondence education, self-learners, and practicing investors in the field of securities investment.