1 Financial Markets.pptVIP

Chapter 1 Financial Markets § 1. Markets Nearly everyone has heard of the Hong Kong, Shanghai, and Shenzhen stock exchanges in our country. There are many other financial markets, such as the Shanghai, Henan, and Dalian future exchanges. Important financial markets: ① Stock markets ② Bond markets ③ Currency markets ④ Futures and options markets Every item that is traded on some financial market is of one of the following types: ① A basic equity ② A financial derivative: the item’s value may be indirectly derived from the value of some other traded equity (termed the underlyi