金融專業英語

內容涵蓋銀行、證券、保險、期貨與期權、外匯交易和金融函電等金融主要業務內容；旁註結合尾註以方便讀者閲讀，多種練習題題型引導讀者自主學習；利用鏈接及其二維碼擴展讀者的閲讀範圍、增強閲讀的趣味性，涉及網站、新聞、文章、案例和視頻等。

正文內容、拓展閲讀、網絡資源導讀儘可能展示最新的金融創新、行業動態、行業大事件及理論研究成果，以使讀者熟悉金融行業現狀並瞭解其發展趨勢。

提供課件、部分正文譯文、習題答案和模擬試卷等配套教學/學習資料，索取方式參見“配套資料索取説明”。 ^[1] 

本書為培養既精通現代金融知識，又能運用英語從事金融業務的複合型人才而編寫。

全書正文共五部分，分為十三章。第一章至第三章為第一部分，主要闡述貨幣、貨幣制度、政治與經濟；第四章至第六章為第二部分，主要闡述中國中央銀行、商業銀行業務及銀行和金融機構監管的知識；第七章至第九章為第三部分，主要闡述證券、外匯交易、期貨和期權等證券投資及風險管理的知識；第十章至第十一章為第四部分，主要闡述保險基本原理、主要保險業務；第十二章至第十三章為第五部分，主要闡述金融函電的基本特點與寫作、金融函電的主要應用實例。本書附錄為分類的專業詞彙表。

為便於教學和學習，我們準備了配套的教學課件、部分正文譯文、習題參考答案、模擬試卷等輔助教學/學習資料，索取方式參見“配套資料索取説明”。

本書為本科院校金融專業英語課程教材，因本書主體內容和金融學（貨幣銀行學）課程內容相同，故而也可作為金融學課程雙語授課教材。 ^[1] 

Part One Money and Economics

Chapter 1 Money 2

Learning Objectives 2

Key Topics 2

Section 1.1 What is Money? 2

1.1.1 History of money 2

1.1.2 Meaning of Money 4

Section 1.2 Functions of Money 5

1.2.1 Medium of Exchange 5

1.2.2 Unit of Account 6

1.2.3 Store of Value 7

1.2.4 Standard of Deferred Payment 8

Section 1.3 Evolution of the Payment System 8

1.3.1 The forms of money 8

1.3.2 Are we moving to a cashless society? 13

Section 1.4 Measuring Money 14

1.4.1 Theoretical and Empirical Definition of Money 15

1.4.2 The federal reserve’s monetary aggregates 15

1.4.3 Money supply 16

Section 1.5 Money Policy 18

Notes 20

Exercises 21

Additional Readings 23

Chapter 2 Financial Markets 26

Learning Objectives 26

Key Topics 26

Section 2.1 What is Financial Market? 26

2.1.1 Definition of financial market 26

2.1.2 Constituents of financial market 27

Section 2.2 Functions of Financial Markets 28

2.2.1 Intermediary Functions 28

2.2.2 Financial Functions 29

Section 2.3 Currency (Money) markets 29

2.3.1 Participants 30

2.3.2 Functions of the money market 31

2.3.3 Common money market instruments 32

Section 2.4 Capital markets 33

2.4.1 Deeply view to capital market 33

2.4.2 Examples of capital market transactions 34

2.4.3 Raising Capitals 36

Section 2.5 Derivative products market 38

2.5.1 Future Contracts 39

2.5.2 Forward Contracts 40

2.5.3 Optional contracts 41

Notes 42

Exercises 43

Additional Readings 45

Chapter 3 Polities and Economics 47

Learning Objectives 47

Key Topics 47

Section 3.1 Macroeconomics & Polities 47

3.1.1 Games between policy makers and voters 48

3.1.2 Games between Policy Makers 50

Section 3.2 An General Perspective on the Political Economy of “Big Change” 51

3.2.1 The Social-Political Context and Co-Evolution 52

3.2.2 Embeddedness 52

3.2.3 The Dilemma of Knowledge as a Product and a Resource 53

3.2.4 The Global perspective on the evolution 53

3.2.5 Evolutionary Social-Economic “intricacy” 54

3.2.6 The Initiation of Self Re-Enforcing Growth 55

Section 3.3 Explosive Change of evolution and Communitarian Collective Ownership 55

3.3.1 The Fall - Variety Constraining Order 56

3.3.2 Self Organization and Economics 56

3.3.3 Communitarian[12] Collective Ownership and Strategic Networks 57

Notes 60

Exercises 61

Additional Readings 63

Part Two Banking Industry in China

Chapter 4 Central Bank—PBC 66

Learning Objectives 66

Key Topics 66

Section 4.1 The Reform of PBC 66

4.1.1 Definition of ‘Central Bank’ 67

4.1.2 Transformation of the PBC 67

4.1.3 Reform the Current Financial Structure 68

Section 4.2 The Functions of PBC 70

4.2.1 The Reason for Transformation 70

4.2.2 The Biggest Change of the Functions of the PBC 71

4.2.3 The Functions of PBC 73

Section 4.3 The Instruments of Central Banking 76

4.3.1 Open Market Operation 76

4.3.2 Reserve Requirements 79

4.3.3 Rediscount 81

Notes 82

Exercises 82

Additional Readings 85

Chapter 5 Commercial Banks 88

Learning Objectives 88

Key Topics 88

Section 5.1 Introduction 88

Section 5.2 What a Bank Is? 90

5.2.1 The Role of the Banking Sector in China 91

5.2.2 Vigorous Development of the Banking Sector 92

5.2.3 Increased Openness of the Banking Sector 93

Section 5.3 Intermediary Services 94

5.3.1 Settlement-Payments and Funds Transfer 94

5.3.2 Plastic Money 95

5.3.3 International Settlement 96

Section 5.4 Loans 96

5.4.1 Definition and Categories of Loans 96

5.4.2 The Credit Process 98

5.4.3 Post-Disbursement Management 100

Section 5.5 Banking on the Internet 102

5.5.1 Backgrounds 102

5.5.2 On-Line Banking Products 103

5.5.3 The Future Prospects of On-Line Banking 103

Notes 105

Exercises 106

Additional Readings 108

Chapter 6 Supervision of Banking and Financial Institutions 110

Learning Objectives 110

Key Topics 110

Section 6.1 Importance and Objectives of Banking Supervision 110

6.1.1 The Role of Banks and Importance of Banking Supervision 110

6.1.2 Objectives of Banking Supervision 111

6.1.3 Preconditions for Effective Banking Supervision 112

Section 6.2 Licensing Process 113

6.2.1 Phases of the Process 113

6.2.2 Factors Evaluated by the Chartering Authorities 114

6.2.3 Basel Committee’s Requirements on Bank Licensing 114

Section 6.3 Arrangements for Ongoing Banking Supervision 115

6.3.1 Risks in Banking 115

6.3.2 Key Prudential Issues 117

6.3.3 Off-site Surveillance 122

6.3.4 On-site Examinations 123

Section 6.4 Dealing with Weak Banks 124

6.4.1 Symptoms and Cause of Bank Problems 124

6.4.2 Principles for Dealing with Weak Banks 124

6.4.3 Corrective Actions 125

6.4.4 Resolution Issues and Exit 125

6.4.5 Closure of the Bank: Depositor pay off 126

Notes 127

Exercises 128

Additional Readings 131

Part Three Financial Instruments and Foreign Exchange

Chapter 7 Securities 134

Learning Objectives 134

Key Topics 134

Section 7.1 Stock 134

7.1.1 History 135

7.1.2 Shares 136

7.1.3 Types of stock 136

7.1.4 Rule 144 stock 137

7.1.5 Shareholder 137

7.1.6 Stock derivatives 138

7.1.7 Share price determination 139

7.1.8 Stock price fluctuations 140

Section 7.2 Bond 140

7.2.1 Issuance 141

7.2.2 Main Features of Bond 142

7.2.3 The kinds of Bond 143

7.2.4 Bond market 145

7.2.5 Bond market participants 146

Section 7.3 Fund 146

7.3.1 What is fund? 146

7.3.2 Fund Constitution 147

7.3.3 Unit or share class 148

7.3.4 Investment aims 149

7.3.5 Types of risk 149

7.3.6 Kinds of Fund 150

Notes 154

Exercises 155

Additional Readings 157

Chapter 8 Foreign Exchange 161

Learning Objectives 161

Key Topics 161

Section 8.1 Foreign Exchange Rate 161

8.1.1 Quotations 162

8.1.2 Bilateral vs. effective exchange rate 163

8.1.3 Exchange rate regime 164

8.1.4 Fluctuations in exchange rates 164

Section 8.2 Foreign Exchange Market 165

8.2.1 Market participants 166

8.2.2 Characteristics 169

8.2.3 Determinants of exchange rates 169

8.2.4 Forex signals 170

Section 8.3 Foreign Exchange Operation 171

8.3.1 Spot or Foreign exchange spot 171

8.3.2 Forward 171

8.3.3 Swap 172

8.3.4 Future or Currency future 173

8.3.5 Option or Foreign exchange option 175

Section 8.4 Foreign Exchange Exposure 176

8.4.1 Types of exposure 177

8.4.2 Measurement at risk 178

8.4.3 Management at risk 179

Notes 180

Exercises 181

Additional Readings 182

Chapter 9 Futures & Options 187

Learning Objectives 187

Key Topics 187

Section 9.1 Futures trading 187

9.1.1 What is Futures ? 187

9.1.2 Margins 189

9.1.3 Settlement-physical versus cash-settled futures 190

9.1.4 Futures traders 191

Section 9.2 Futures exchange 192

9.2.1 History of futures exchanges 192

9.2.2 Clearing and settlement 193

9.2.3 Central counterparty 193

9.2.4 Mark-to-Market 194

Section 9.3 Options 194

9.3.1 Contract specifications 195

9.3.2 Types 195

9.3.3 Option styles 197

9.3.4 Trading 197

Notes 198

Exercises 199

Additional Readings 200

Part Four Insurance

Chapter 10 To Understand Insurance 204

Learning Objectives 204

Key Topics 204

Section 10.1 What Is Insurance 204

10.1.1 Modern insurance 205

10.1.2 Societal effects 206

Section 10.2 Insurance policy 206

10.2.1 General features 207

10.2.2 Parts of an insurance contract 208

10.2.3 Industry standard forms 209

Section 10.3 Most Important Principles of Insurance 209

Section 10.4 Insurance Market 212

10.4.1 Insurance Companies 212

10.4.2 Reinsurance Companies 213

10.4.3 Insurance Intermediaries 214

Section 10.5 Insurance Business 214

10.5.1 Product Development 214

10.5.2 Distribution Channels 216

10.5.3 Underwriting 216

10.5.4 Loss Settlement 217

10.5.5 Reserve 219

10.5.6 Investment 220

Notes 220

Exercise 222

Additional Readings 223

Chapter 11 Types of Insurance 227

Learning Objectives 227

Key Topics 227

Section 11.1 Personal Insurance 227

11.1.1 What is Life Insurance? 227

11.1.2 Health Insurance 229

11.1.3 Accident Insurance 230

Section 11.2 Property Insurance 231

11.2.1 History 232

11.2.2 Types of Coverage 232

11.2.3 Specific types 233

11.2.4 US Property Insurance Claims 234

Section 11.3 Liability insurance 235

11.3.1 What is liability insurance? 235

11.3.2 Types of liability insurance 236

11.3.3 Insurable risks 237

Section 11.4 Reinsurance 238

11.4.1 Definition 238

11.4.2 Methods of reinsuring 238

11.4.3 Forms of reinsurance 239

Notes 241

Exercises 241

Additional Readings 243

Part Five Financial Letters

Chapter 12 The Introduction of Financial Letters 246

Learning Objectives 246

Key Topics 246

Section 12.1 What is Financial Letter？ 246

Section 12.2 Basic Principles of Financial Letter 249

Section 12.3 The Format of Financial Letter 250

12.3.1 Standard Parts 250

12.3.2 Optional Parts 253

12.3.3 Letter Style 256

12.3.4 Envelope Addressing 259

Notes 261

Exercises 262

Additional Readings 264

Chapter 13 The Types of Financial Letters 269

Learning Objectives 269

Key Topics 269

Section 13.1 Letters concerning bank relationship 269

Section 13.2 Letters Concerning Bank Accounts and Bank Accounting 272

Section13.3 Letters concerning Remittance 273

Section 13.4 Letters concerning Documentary Collection 276

Section 13.5 Letters concerning Letter of Credit 279

Section 13.6 Other Financial Letters 282

Notes 285

Exercises 285

Additional Readings 287

Special Terms 293

主要參考文獻 304

配套資料索取説明 305 ^[1]