衍生产品基本常识.PDFVIP

中國銀河國際證券(香港)有限公司 China Galaxy International Securities (Hong Kong) Co., Limited 證監會中央編號 SFC CE No.: AXM459 中國銀河國際期貨(香港)有限公司 China Galaxy International Futures (Hong Kong) Co., Limited 證監會中央編號 SFC CE No.: AYH772 General Knowledge on Derivatives Products 衍生產品基本常識 Preface There are different kinds of investment product in Hong Kong and many of them are contained derivative element. Therefore, understand what we are buying and the risks we are facing, relatively is more important than “How much we can earn from this investment”. In this article, we will discuss some of the common derivative products in Hong Kong and the fundamentals relating to these instruments. We hope that audiences find this article to be useful and can give you a general knowledge to know more about derivatives, such as their nature, significant risk involved, etc. It is impossible to list all of the factors that may affect th e performance and risks of each of these instruments. You MUST consult your professional investment advisor for further information before you invest. 序言 香港市場有許多不同種類的投資產品，其中許多都含有衍生元素。因此,熟悉我們所購買的產品和我們要面對的風險比“投 資能夠為我們帶來多少收益”更為重要。在這篇文章中，我們將討論香港市場上一些常見的衍生產品和有關這些衍生工具 基本常識。我們希望這篇文章能夠使讀者受益，瞭解更多有關衍生產品的基本知識，如他們的性質，涉及的重大風險等， 為更深入的學習衍生產品打下基礎。羅列出所有能夠影響每只衍生工具表現和風險的因素是不太可能的，閣下在投資之前 必須諮詢您的專業投資顧問以便獲得更深入的資訊。本問卷用以協助中國銀河國際證券(香港)有限公司及中國銀河國際期 貨(香港)有限公司（統稱「銀河國際」/ 「我們」）了解您對衍生工具的認識，並評估您是否適合認購具有衍生工具的產品。 What is Derivative? Derivative is a financial product whose value depends on, or derives from the value of another underlying asset. Futures, forwards, options, warrants, swaps, swaptions, st