³´¹ÉƱרҵÔõô³Æºô£¨³´¹ÉµÄרҵ£©
1¡¢³´¹ÉƱµÄ³ÆºôÊÇʲô
ÄǾÍÊÇ ÆÚ»õ
2¡¢³´¹ÉµÄרҵÊõÓïÓÐÄÄЩ£¿¶¼ÊÇʲôÒâ˼£¿
ÎÒÃÇÉϿν²µÄ
1¡¢ÉÏÊз¢ÐÐ Going Public
Ò»¼Ò¹«Ë¾Í¨¹ýÏòÉç»á¹«ÖÚ³öÊÛÆä¹ÉƱ³ï¼¯×ʱ¾µÄÐÐΪ¡£
2¡¢ÉÏÊй«Ë¾ Listed pany
Ö¸Ëù·¢ÐÐ¹ÉÆ±ÒÑÔÚ֤ȯ½»Ò×Ëù×¢²áµÇ¼ÇÂòÂôµÄ¹«Ë¾¡£
3¡¢³õ´Î¹«¿ª·¢ÐÐ ¨CIPO Initial Public Offering
ָ˽È˹«Ë¾ÔÚ¹«¿ªÊг¡·¢ÐÐ¹ÉÆ±´Ó¶ø³ÉΪ¹«ÖÚ¹«Ë¾µÄÐÐΪ¡£ ¹«¿ª·¢ÐÐÄ¿µÄÊÇΪ¿ìËٳɳ¤µÄй«Ë¾³ï¼¯Éú²ú¾ÓªËùÐè×ʱ¾¡£
·¢ÐÐµÄ¹ÉÆ±Ò»°ãÓÉÒ»¼Ò»òÊý¼ÒͶ×ÊÒøÐйºÈ룬Ȼºó£¬ÓÉÆä·ÖÏú¸ø¹ã´óͶ×ÊÕß¡£
4¡¢ÕйÉ˵Ã÷Êé Prospectus
¹«Ë¾£¨»òÕß»ù½ð£©¹«¿ª·¢ÐÐ¹ÉÆ±£¨»òÕß¹«¿ª³ï´ë×ʽð£©Ê±Ëù·¢²¼µÄÎļþ¡£
ÎļþÌṩ¹«Ë¾£¨»òÕß»ù½ð£©±³¾°ÒÔ¼°²ÆÎñºÍ¹ÜÀí×´¿öµÈÐÅÏ¢.
5¡¢ÊÕ¹º Acquisition
Ò»¼Ò¹«Ë¾Í¨¹ý¹ºÂòÄ¿±ê¹«Ë¾¶àÊý»òÕßÈ«²¿¹É·ÝµÄ·½Ê½À´¿ØÖÆÁíÒ»¼Ò¹«Ë¾¡£¡°²»ÓѺá±»ò¡°µÐÒ⡱ ÊÕ¹ºÆóͼһ°ã±íÏÖΪ¼Û¸ñÔ¶¸ßÓÚÄ¿±ê¹«Ë¾¹ÉƱµÄÊг¡¼ÛÖµµÄÊÕ¹ºÒªÔ¼£¬ÒÔÓÕʹÏÖÓйɶ«³öÊÛËù³ÖÓÐ¹É·Ý ¡£Ä¿±ê¹«Ë¾µÄ¹ÜÀí²ã¿ÉÒÔÇëÇóÁíÒ»¼Ò¹«Ë¾Ìá³ö¾ºÕùÐÔµÄÊÕ¹ºÒªÔ¼£¬ÒÔ¼ÄÏ£ÍûÓÚ¿ÉÒÔÓþº¼ÛÕ½ÕùÀ´ÏÅÍ˶ñÒâÊÕ¹ºÕß¡£
6¡¢ »Ø¹º Buyback
¹«Ë¾½«×Ô¼º·¢ÐÐµÄ¹ÉÆ±»òծȯ¹º»Ø¡£»Ø¹ºµÄÄ¿µÄ°üÀ¨ÀûÓÃÏÐÖÃÏÖ½ð£¬Ìá¸ßÿ¹ÉÓ¯Àû £¬Ìá¸ß¶Ô¹«Ë¾µÄÄÚ²¿¿ØÖÆ £¬»ñµÃ¹ÉƱÒÔ±ãÓÃÓÚÔ±¹¤¹ÉƱÆÚȨ¼Æ»®»òÍËÐÝ½ð¼Æ»®¡£ÔÚÕâÖÖÇé¿öÏ£¬Ò²±»³ÆÎª¹«Ë¾»Ø¹º¡£
7¡¢ÖØ×é Reconstruction
°üÀ¨¹É·Ý·Ö²ð¡¢ºÏ²¢¡¢×ʱ¾Ëõ¼õ£¨²¿·Ö³¥»¹£©ÒÔ¼°Ãû³Æ¸Ä±ä¡£
8¡¢ºÏ²¢ Merger
Ö¸Á½¼Ò»òÁ½¼ÒÒÔÉϹ«Ë¾ÕûºÏ³ÉΪһ¸öµ¥¶ÀµÄ¾¼ÃÌå¡£
9¡¢·Ö²ð Spin Off
Ö¸¹«Ë¾Í¨¹ý·¢ÐÐй«Ë¾µÄ¹ÉƱ£¬½«¹«Ë¾·ÖÖ§»ú¹¹»ò²¿ÃÅ´Ó¹«Ë¾ÖвðÀë³öÈ¥µÄÐÐΪ¡£ ĸ¹«Ë¾¹É¶«°´ÔÀ´³Ö¹ÉÊýÁ¿±ÈÀý»ñµÃй«Ë¾µÄ¹ÉƱ£¬×ܼÛÖµ»ù±¾²»±ä¡£
10¡¢ÍËÊÐ Delisted
¶ÔÔÚ֤ȯ½»Ò×Ëù±¨¼Û½»Ò׵Ĺɯ±»ò֤ȯÓèÒÔÕªÅÆµÄ´¦Àí¡£
11¡¢Äê¶È¹É¶«´ó»áAGM (annual general meeting)
Äê¶È¹É¶«´ó»áÊÇ·¨ÂÉÒªÇóÕÙ¿ªµÄ»áÒ飬¹«Ë¾¶ÊÂÔÚ´ó»áÉÏÏò¹É¶«Í¨±¨¹«Ë¾µÄ¾ÓªÒµ¼¨»òδÀ´Ç°¾° ¡£
¹É¶«¾Í¶Ê»áÑ¡¾ÙºÍÖØ´óµÄ¹«Ë¾¾ö²ß½øÐÐͶƱ¡£
12¡¢¹ØÁª¹«Ë¾Associated pany
Èç¹ûÔÚÁ½¼Ò¹«Ë¾Ö®¼ä´æÔÚijÖÖÀàÐ͵ݲÅÅ£¬Ôò¿ÉÒÔ³ÆÕâ¼Ò¹«Ë¾ÓëÁíÒ»¼ÒÓйØÁª¡£ µ±Ò»¼Ò¹«Ë¾³ÖÓÐÁíÒ»¼ÒµÄ¹É·Ýʱ£¬
ËüÃÇÒ²¿ÉÒÔ±»³ÆÎª¹ØÁª¹«Ë¾¡£
13¡¢×ÔÓªÉÌ Dealer
֤ȯҵÄÚÒÔ±¾½ðÂòÂô¶ø·Ç´úÀíÂòÂô֤ȯµÄ¸öÈË»ò¹«Ë¾¡£×ÔÓªÉ̵ÄÀûÈó»òËðʧÀ´×ÔÓÚͬһ֤ȯµÄÂòÂô¼Û²î ¡£
ÔÚ²»ÆÚ£¬Í¬Ò»¸öÈË»ò¹«Ë¾¿ÉÄÜ»á·Ö±ð³äµ±¾¼ÍÉÌ»ò×ÔÓªÉ̵ĽÇÉ«¡£
14¡¢×öÊÐÉÌ Market maker
½øÐÐÂòºÍÂôË«±ßÈ·¶¨±¨¼ÛµÄ֤ȯ½»Ò×ÉÌ¡£×öÊÐÉÌÔÚ½»Ò×ʱ¼äÄÚËæÊ±°´¹«¿ª±¨¼Û½øÐÐÂòÂôÕûÊÖµÄ֤ȯ¡£
15¡¢´´Òµ°åÊг¡ Groth Enterprise Market
Ò²³Æ¶þ°åÊг¡£¬ÊÇÉÏÊбê×¼½ÏµÍ¡¢ÎªÖÐС´´Ð¹«Ë¾ÈÚ×ÊµÄ¹ÉÆ±Êг¡¡£
16¡¢¹ñ̨Êг¡ Over-The-Counter/OTC
Ö¸ÔÚ֤ȯ½»Ò×ËùÒÔÍâ½øÐÐ֤ȯ½»Ò׵Ĺ㷺Êг¡ ¡£¹ñ̨Êг¡Ö¤È¯¹«Ë¾´ó¶àͨ¹ýµç»°ÁªÏµ¶øÍê³É½»Ò×£¬ÔÚ½»Ò×ÖÐÒ»°ã³äµ±×öÊÐÉÌ»ò¾¼ÍÈ˵ĽÇÉ«¡£
17¡¢Ö¤È¯ Securities
¶Ô¹ÉƱ¡¢Æóҵծȯ¡¢µ¥¾Ý¡¢Æ±¾Ý¡¢***ծȯµÈµÄ×ܳơ£
18¡¢ºì³ï¹É Red chips
ÔÚÏã¸Û×¢²á¡¢ÉÏÊв¢ÓÉ´ó½¿Ø¹ÉµÄÖÐ×ʹ«Ë¾¡£
19¡¢À¶³ï¹É Blue chip
À¶³ï¹ÉÖ¸µÄÊÇÄÇЩÔÚÐÐÒµ¾°ÆøºÍ²»¾°ÆøÊ±¶¼Äܹ»ÓÐÄÜÁ¦×¬È¡ÀûÈ󣬷çÏÕ½ÏСµÄ¹«Ë¾µÄ¹ÉƱ£¬À¶³ï¹ÉµÄ¼Û¸ñͨ³£½Ï¸ß¡£
20¡¢H¹É H share
ÔÚÏã¸Û½»Ò×ËùÉÏÊеÄÖйú´ó½¹«Ë¾¡£
21¡¢N¹É N share
ÔÚŦԼ½»Ò×ËùÉÏÊеÄÖйú´ó½¹«Ë¾¡£
22¡¢S¹É S share
ÔÚÐÂ¼ÓÆÂ½»Ò×ËùÉÏÊеÄÖйú´ó½¹«Ë¾¡£
23¡¢ÃÀ¹ú´æÍÐÆ¾Ö¤ American Depositary Receipt/ADR
ÃÀ¹ú´æÍÐÆ¾Ö¤ÊÇÓÉÃÀ¹ú´æÍÐÒøÐз¢Ðе쬴ú±í¸ÃÒøÐгÖÓеÄijÍâ¹ú¹«Ë¾¹ÉƱµÄ´æÍÐÆ¾Ö¤¡£ ÓÉÓÚADRsÒÔÃÀÔª¼Æ¼Û²¢ÏñÆäËû¹ÉƱһÑù½»Ò×
£¬Ëü¾Í±ãÀûÁËͶ×ÊÕßÔÚ¹ú¼Ê·¶Î§ÄÚ·ÖÉ¢ËûÃǵÄͶ×Ê¡£
24¡¢ÆÕͨ¹É Common Stock
´ú±í³ÖÓÐÈËÔÚ¹«Ë¾ÖеÄËùÓÐÕßÈ¨ÒæµÄ֤ȯ¡£¸ÃÀà¹É·ÝÓëÓÅÏȹÉÒ»Ñù£¬¶¼±íʾËùÓÐȨ£»
µ«ÆÕͨ¹É¹É¶«Ïà¶Ô³Ðµ£¸ü´óµÄ·çÏÕ£¬Ò²ÓµÓжԹ«Ë¾¸ü´óµÄ¿ØÖÆÈ¨£¬ÆäÊÕÒæ±íÏÖΪºìÀûºÍ×ʱ¾ÔöÖµ¡£ ÔÚ¹«Ë¾Î´·¢ÐÐÓÅÏȹɵÄÇé¿öÏ£¬ÆÕͨ¹ÉÓë¹É±¾³£³£¿ÉÒÔ»¥»»Ê¹Óá£
25¡¢ÓÅÏÈ¹É Preferred Stock
´ËÖֹɯ±µÄ¹É¶«½ÏÆÕͨ¹É¹É¶«ÏíÓÐÓÅÏȵÄȨÀû£¬¶øÇÒÒ»°ãÖ§¸¶¹Ì¶¨µÄ¹ÉÀû¡£
Ö÷ÒªÌØÕ÷ÔÚÓÚ¹ÉÀû·ÖÅäÓÅÏÈȨ¡¢Ê£Óà²Æ²ú·ÖÅäÓÅÏÈȨ¡¢ÎÞ±í¾öȨ¡£
Ö§¸¶¹Ì¶¨¹ÉÀûµÄÓÅÏȹÉÔÚºÜ¶à·½Ãæ¾ßÓÐծȯµÄÌØÕ÷¡£
26¡¢Éç»á¹«ÖÚ¹É Public shares
Ö¸ÎÒ¹ú¾³ÄÚ¸öÈ˺ͻú¹¹£¬ÒÔÆäºÏ·¨²Æ²úÏò¹«Ë¾¿ÉÉÏÊÐÁ÷ͨ¹ÉȨ²¿·ÖͶ×ÊËùÐγɵĹɷݡ£
27¡¢¹úÓÐ¹É State share
Ö¸ÓÐȨ´ú±í¹ú¼ÒͶ×ʵIJ¿ÃÅ»ò»ú¹¹ÒÔ¹úÓÐ×ʲúÏò¹«Ë¾Í¶×ÊÐγɵĹɷݣ¬ °üÀ¨ÒÔ¹«Ë¾ÏÖÓйúÓÐ×ʲúÕÛËã³ÉµÄ¹É·Ý¡£¹úÓйɲ»ÄÜÔÚ¹ÉÊн»Òס£
28¡¢·¨ÈË¹É Legal person shares
Ö¸ÆóÒµ·¨ÈË»ò¾ßÓз¨ÈË×ʸñµÄÊÂÒµµ¥Î»ºÍÉç»áÍÅÌåÒÔÆäÒÀ·¨¿É¾ÓªµÄ×ʲúÏò¹«Ë¾·ÇÁ÷ͨ¹ÉȨ²¿·ÖͶ×ÊËùÐγɵĹɷݡ£
29¡¢·â±Õʽ»ù½ð Close£end fund
»ù½ðµÄÒ»ÖÖ£¬·¢ÐеĻù½ðµ¥Î»ÊýÄ¿Êǹ̶¨µÄ£¬Í¨³£ÔÚ֤ȯ½»Ò×Ëù¹ÒÅÆ½»Òס£
Ó뿪·Åʽ»ù½ð²»Í¬µÄÊÇ£¬·â±Õʽ»ù½ð²»³ÖÐøµØ´´ÔìºÍÊê»Ø»ù½ðµ¥Î»¡£
ÈËÃÇͨ³£ÈÏΪ·â±Õʽ»ù½ð¾Àí¶ÔÀûÈóµÄ×·Öð¶¯Á¦²»È翪·Åʽ»ù½ð¾Àí£¨ÒòΪ¿ª·Åʽ»ù½ð¾Àí±ØÐëÎüÒýºÍÁôס»ù½ðͶ×ÊÕߣ© £¬ËùÒÔ·â±Õʽ»ù½ðͨ³£Êǰ´¾»×ʲúÖµµÄÒ»¸öÕÛ¿Û½øÐн»Òס£
30¡¢¶Ô³å»ù½ð Hedge fund
´ËÀà»ù½ðÓбðÓÚ¹²Í¬»ù½ð£¬±»¸»ÓеĸöÈ˺ͻú¹¹ÓÃÓÚʵʩ½øÈ¡ÐͲßÂÔ£¬ °üÀ¨Âô¿Õ¡¢¸Ü¸Ë²Ù×÷¡¢³ÌÐò½»Òס¢»¥»»½»Òס¢Ì×Àû½»Ò׺ÍÑÜÉúÆ·½»Òס£
·¨Âɹ涨ÿ¸ö¶Ô³å»ù½ðµÄͶ×ÊÕßÓ¦ÉÙÓÚ100ÈË£¬Ò»°ãÇé¿öÏ£¬¶Ô³å»ù½ðµÄ×îС½»Ò×¶îÏÞ¶¨Îª100ÍòÃÀÔª¡£
31¡¢¹²Í¬»ù½ð Mutual Fund
¹²Í¬»ù½ðÊÇÒ»ÖÖÀûÒæ¹²Ïí¡¢·çÏÕ¹²µ£µÄ¼¯ºÏͶ×Ê·½Ê½£¬¼´Í¨¹ý·¢Ðлù½ðµ¥Î»£¬ ¼¯ÖÐͶ×ÊÕßµÄ×ʽð£¬
ÓÉ»ù½ðÍйÜÈ˹ÜÀíºÍÔËÓÃ×ʽ𣬴ÓÊÂ¹ÉÆ±¡¢Õ®È¯¡¢ Íâ»ã¡¢»õ±ÒµÈ½ðÈÚ¹¤¾ßͶ×Ê£¬ÒÔ»ñµÃͶ×ÊÊÕÒæºÍ×ʱ¾ÔöÖµ¡£
¸ù¾Ý»ù½ðµ¥Î»ÊÇ·ñ¿ÉÔö¼Ó»òÊê»Ø£¬Í¶×Ê»ù½ð¿É·ÖΪ¿ª·Åʽ»ù½ðºÍ·â±Õʽ»ù½ð¡£
¿ª·Åʽ»ù½ðÊÇÖ¸»ù½ðÉèÁ¢ºó£¬ Ͷ×ÊÕß¿ÉÒÔËæÊ±É깺»òÊê»Ø»ù½ðµ¥Î»£¬»ù½ð¹æÄ£²»¹Ì¶¨µÄͶ×Ê»ù½ð£»
·â±Õʽ»ù½ðÊÇÖ¸»ù½ð¹æÄ£ÔÚ·¢ÐÐǰÒÑÈ·¶¨£¬ÔÚ·¢ÐÐÍê±ÏºóµÄ¹æ¶¨ÆÚÏÞÄÚ£¬»ù½ð¹æÄ£¹Ì¶¨²»±äµÄͶ×Ê»ù½ð¡£
32¡¢½»Ò×Ëù½»Ò×»ù½ð Exchange Traded Fund/ETF
ÔÚ½»Ò×ËùÉÏÊн»Ò׵Ŀª·ÅʽͶ×Ê»ù½ð£¬Ëü¼æ¾ß¹ÉƱºÍ¹ÜÀí»ù½ðµÄÄ³Ð©ÌØÕ÷¡£
33¡¢¿ª·Åʽ»ù½ð Open-end fund
»ù½ðµÄÒ»ÖÖ£¬¿ÉÒÔ¸ù¾ÝÐèÒª³ÖÐø´´ÔìеĻù½ðµ¥Î»¡£ µ±»ù½ð¹ÜÀí²ãÈÏΪ»ù½ð¹æÄ£Ì«´óʱ£¬
¿ª·Åʽ»ù½ðÒ²¿ÉÍ£Ö¹·¢Ðлù½ðµ¥Î»¡£ ¿ª·Åʽ»ù½ðͶ×ÊÕß°´»ù½ð¾»Öµ¹ºÂò»ù½ðµ¥Î»£¬
²¢¿ÉËæÊ±°´ÕÕÏÖÐÐÊг¡¼Û½øÐÐÊê»Ø£¬ Êг¡¼Û¿ÉÄܸßÓÚ»òµÍÓÚͶ×ÊÕßµ±Ê±¹ºÂò»ù½ðµ¥Î»µÄ¼Û¸ñ¡£
34¡¢Ö¸Êý»ù½ð Index fund
ÊǸú×ÙÄ³Ò»ÌØÊâÖ¸Êý£¨Èç±ê×¼500Ö¸Êý£©µÄ±»¶¯¹ÜÀíÐ͹²Í¬»ù½ð¡£ Ö¸Êý»ù½ðͶ×Ê×éºÏ°´ÆäËù¸ú×ÙµÄÖ¸Êý¹¹³É×Ô¶¯µ÷Õû£¬
½»Òײ»Æµ·±£¬ËùÒÔ·ÑÓõÍÓÚ»ý¼«¹ÜÀíÐÍ»ù½ð¡£
35¡¢»ù½ð×ʲú¾»Öµ Net asset value (NAV) of fund
Ͷ×Ê»ù½ð×ʲú¾»ÖµÖ¸µÄÊÇ»ù½ðͶ×Ê×éºÏ×ʲúµÄ×ÜÊÐÖµ¼õÈ¥»ù½ðµÄ×ܸºÕ®ÒÔ¼°ÆäËû³É±¾·ÑÓúóµÄ¾»Öµ¡£
36¡¢Õ®È¯ Bond
¿ÉתÈõÄÕ®Îñ֤ȯ£¬Í¨³£ÊÇÓÉ***»òÕß×¼***»ú¹¹Îª³ï×ʶø·¢ÐÐ ¡£
ծȯµÄ³ÖÓÐÈ˽«×ʽð½è´û³öÈ¥Ò»¸öÌØ¶¨Ê±ÆÚÒÔ»ñµÃ¹Ì¶¨µÄÀûÂÊ ¡£Õ®È¯µÄ±¾Ï¢ÔÚÊÂÏÈÔ¼¶¨µÄµ½ÆÚÈյõ½³¥»¹¡£Õ®È¯¿ÉÒÔÔÚ¹ÉÆ±Êг¡ÉϽ»Ò×תÈá£
37¡¢¿Éת»»Õ®È¯ Convertible bond
¿ÉÒÔ°´ÕÕÔ¤ÏÈÉ趨µÄ¼Û¸ñת»¯ÎªÒ»¶¨ÊýÁ¿ÆÕͨ¹ÉµÄ¹«Ë¾Õ®È¯¡£
¿Éת»»Õ®È¯ÎªÍ¶×ÊÕßÌṩÁ˸ßÓÚÆÕͨ¹ÉµÄÊÕÈëÓÖ±ÈÆÕͨծȯÓиü¸ßÉýֵDZÁ¦µÄͶ×ʹ¤¾ß¡£
38¡¢½ð±ßծȯ Gilt-Edged Bond
ÓÉÀ¶³ï¹É¹«Ë¾·¢Ðеĸߵȼ¶Õ®È¯£¬ÒòͶ×ÊÕß¶ÔÆäÀûÏ¢Ö§¸¶Óгä·ÖµÄÐÅÐĶøµÃÃû¡£
39¡¢ÁãϢծȯ Zero Coupon Bond
Ò»ÖÖÔÚµ½ÆÚǰ²»Ö§¸¶ÀûÏ¢µÄծȯ£¬¸ÃծȯµÄ·¢Ðм۸ñΪÆäÊê»Ø¼Û¸ñµÄÒ»¸öÕÛ¿ÛÖµ¡£
40¡¢µ½ÆÚÊÕÒæÂÊ Yield to Maturity
¿¼ÂÇ»ùÓÚÃæÖµµÄ¼Û¸ñÕÛ¿Û»òÕß¼Û¸ñÉýÒçʱ£¬Õ®È¯µÄµ½ÆÚÊÕÒæÂÊ¡£ Èç¹ûծȯÒÔÕÛ¿Û¼Û¸ñ³öÊÛ£¬
¸ÃÊÕÒæÂÊ´óÓÚµ±Ç°ÊÕÒæÂÊ£»Èç¹ûծȯÒÔÉýÒç¼Û¸ñ³öÊÛ£¬¸ÃÊÕÒæÂÊСÓÚµ±Ç°ÊÕÒæÂÊ¡£
41¡¢¼¯ºÏ¾º¼Û Call auction
ָͨ¹ýÊÕ¼¯¶©µ¥£¬È»ºóÔÚÌØ¶¨Ê±¼ä°´µ¥Ò»¼Û¸ñÖ´Ðж©µ¥µÄ½»Ò×ÐÎʽ¡£
42¡¢Á¬Ðø¾º¼Û Continuous auction
ָͨ¹ýÖ±½ÓÁ¬Ðø´éºÏÂòÂô¶©µ¥À´Ðγɽ»Ò×¼Û¸ñµÄ½»Ò×ÐÎʽ¡£
43¡¢ÏÞ¼ÛίÍÐ Limit order
Ö¸¿Í»§¶ÔÓÚ֤ȯ¾¼ÍÈ˵ÄÂòÂôίÍÐÖÐÉèÓÐÂòÈëµÍÓڹ涨¼Û¸ñ»òÂô³ö¸ßÓڹ涨¼Û¸ñµÄÖ¸Áî¡£
¸Ã¹æ¶¨¼Û¸ñ½ÐÏÞ¶¨¼Û¸ñ¡£
44¡¢Áã¹É½»Ò× Odd Lots
ÔÚ֤ȯ½»Ò×ÖУ¬½»Ò×ÊýÁ¿µÍÓÚ½»Ò×µ¥Î»Õߣ¨Èç100¹É£©¡£
45¡¢Õǵø·ùÏÞÖÆ Limit up, Limit Don
µ±ÈÕÊг¡½»Ò××î´óµÄ¼Û¸ñ²¨¶¯ÏÞÖÆ¡£
46¡¢ÇåËã½»ÊÕ Settlement
֤ȯ½»Ò×Ë«·½ÊµÊ©½»Ò×µÄ×îÖÕ½á¹û£¬³öÊÛ·½×ªÒÆÆäÓµÓеÄ֤ȯ£¬¹ºÂò·½Ö§¸¶Æä¹ºÂòµÄ֤ȯµÄ·ÑÓá£
47¡¢T+1ºÍT+3 T+1 and T+3
ָ֤ȯ½»Ò׵ĽáËãÈÕ¡£T+1ָ֤ȯÔÚ½»Ò׺ó1Ìì½áË㣬T+3ָ֤ȯÔÚ½»Ò׺ó3Ìì½áËã¡£
48¡¢ÏÖ½ð½áËã Cash settlement
ÏÖ½ð½áËãÊÇÖ¸ÊýÆÚ»õºÍÖ¸ÊýÆÚȨ½áËãµÄ·½Ê½¡£ ÒòΪͶ×ÊÕß²»ÄÜÖ±½Ó¹ºÂò»ò³öÊÛÖ¸Êý£¬
Ö¸ÊýÆÚ»õºÍÆÚȨºÏÔ¼¾Í²ÉÈ¡¸øÃ¿¸öÖ¸Êýµã¹æ¶¨Ò»¶¨µÄ»õ±Ò¼ÛÖµµÄ·½Ê½½øÐÐÏÖ½ð½áËã¡£
49¡¢Ö¸Êý Index
ÓÃÒÔºâÁ¿¹ÉƱÊг¡½»Ò×ÕûÌ岨¶¯·ù¶ÈºÍ¾°Æø×´¿öµÄ×ÛºÏÖ¸±ê,ÊÇͶ×ÊÈË×÷³öͶ×ʾö²ßµÄÖØÒªÒÀ¾Ý¡£
50¡¢ÉÏÖ¤×ÛºÏÖ¸Êý Shanghai Composite Index
ÉÏÖ¤×ÛºÏÖ¸ÊýÊǸù¾ÝÉϺ£Ö¤È¯Êг¡ËùÓÐÉÏÊй«Ë¾µÄ¹É¼Û¼ÓȨ¼ÆËã¶øµÃ ¡£
¸ÃÖ¸ÊýÒÔ1990Äê12ÔÂ19ÈÕΪ»ùÈÕ£¬ÒÔ¸ÃÈÕËùÓÐ¹ÉÆ±µÄÊмÛ×ÜֵΪ»ùÆÚ£¬ »ùÆÚÖ¸Êý¶¨Îª100µã£¬ÊǺâÁ¿ÉϺ£Ö¤È¯¹ÉƱÊг¡µÄÖØÒªÖ¸Êý¡£¹«Ë¾µÄÈ¨ÖØÒÔÆä×ÜÊÐֵΪ»ù×¼¡£
51¡¢ÑÜÉúÆ· Derivative
ÑÜÉúÆ·ÊÇÒ»ÖÖÆä¼ÛÖµÀ´Ô´ÓÚ»ù´¡½ðÈÚ¹¤¾ßµÄ½ðÈÚ²úÆ·¡£ »ù´¡½ðÈÚ¹¤¾ß°üÀ¨¹ÉƱ¡¢¹ÉƱ¼Û¸ñÖ¸Êý¡¢¹Ì¶¨ÀûÂÊծȯ¡¢ÉÌÆ·¡¢»õ±ÒµÈ¡£È¨Ö¤ºÍ½»Ò×Ëù½»Ò׵įÚȨÊǵäÐ͵ÄÑÜÉúÆ·¡£
52¡¢ÈϹºÈ¨Ö¤ Warrant
ͨ³£ÓëծȯºÍÓÅÏȹɷ¢ÐС£ ¹ºÂòÕßÓÐȨÔڹ涨µÄ¼Û¸ñÔÚÏÞ¶¨µÄʱ¼äÄÚ¹ºÂò¹ÉƱ¡£
¹æ¶¨µÄ¼Û¸ñͨ³£¸ßÓÚÈϹºÈ¨Ö¤·¢ÐÐʱ¹ÉƱµÄ¼Û¸ñ¡£
53¡¢ÐÐȨ¼Û¸ñ Exercise price
ÆÚȨºÏÔ¼µÄ»ñµÃÕßÂò/ÂôºÏÔ¼¹æ¶¨µÄ»ù´¡Ö¤È¯Ö®È¨ÀûµÄ¼Û¸ñ£¬Ò²³ÆÎª½áËã¼Û¸ñ¡£
54¡¢½ðÈÚÆÚ»õ Financial Futures
ÒÔ½ðÈÚ¹¤¾ßΪ»ù´¡µÄÆÚ»õºÏÔ¼¡£ ÔÚÃÀ¹ú£¬»ù´¡½ðÈÚ¹¤¾ß°üÀ¨ÃÀ¹ú***ծȯ¡¢
´ó¶î¿ÉתÈö¨ÆÚ´æµ¥ºÍÆäËûÓëÀûÏ¢ÓйصÄ֤ȯ·¢ÐС¢»õ±ÒºÍ¹ÉƱÊг¡Ö¸Êý¡£
55¡¢ÆÚ»õºÏÔ¼ Futures contract
ÔÚδÀ´µÄ¹æ¶¨ÈÕÆÚ£¬ÒԹ̶¨¼Û¸ñ¹ºÂò»ò³öÊÛijÖÖ֤ȯ¡¢ÉÌÆ·»ò½ðÈÚ¹¤¾ßµÄÓз¨ÂÉÔ¼ÊøÁ¦µÄ½»Ò׺ÏÔ¼¡£
56¡¢Ö¸ÊýÆÚ»õ Index futures
Ö¸ÒÔÖ¸Êý×÷Ϊ»ù´¡×ʲúµÄÆÚ»õºÏÔ¼£¬Èç¹ÉÖ¸ÆÚ»õ¡£
57¡¢ÆÚȨ Option
ÆÚȨÊÇÖ¸ÕâÑùÒ»ÖÖºÏÔ¼£¬Æä³ÖÓÐÈËÓÐȨÀû£¨¶ø·ÇÒåÎñ£©ÔÚºÏÔ¼µ½ÆÚÈÕ»òµ½ÆÚÈÕÒÔǰ£¬°´Ìض¨µÄ¼Û¸ñÂòÂôijÖÖ×ʲú¡£
58¡¢ÂòÈëÆÚȨ Call option
ÂòÈëÆÚȨÊÇÒ»ÖÖÆÚȨºÏÔ¼£¬ºÏÔ¼³ÖÓÐÈËÓÐȨÓÚij¹Ì¶¨µÄµ½ÆÚÈÕǰ°´ÕÕÔ¼¶¨µÄÖ´Ðм۸ñÂòÈëÔ¼¶¨ÊýÁ¿µÄ¹ÉƱ¡£
59¡¢¿´µøÆÚȨ Put option
Ò»·ÝÂòÂôºÏÔ¼£¬ºÏÔ¼³ÖÓÐÕßÓÐȨÔÚµ½ÆÚǰ°´¹æ¶¨µÄ¼Û¸ñÂô³ö¹æ¶¨ÊýÁ¿µÄ¹É·Ý¡£
60¡¢Ö¸ÊýÆÚȨ Index options
Ö¸ÒÔ¹ÉÆ±¼Û¸ñÖ¸ÊýΪ»ù´¡×ʲúµÄÆÚȨ£¬µ½ÆÚʱ£¬ÓÃÏÖ½ð½áËã¹ÉƱָÊý²î¼Û¡£
61¡¢»¥»»½»Ò× Sap
¸ù¾ÝÒ»¶¨Ìõ¿î£¬ÔÚÒ»¶¨Ê±¼ä£¬²ÎÓëÕßÔÚÖ§¸¶·½Ê½·½ÃæµÄ½»»»¡£ ×îÆÕͨµÄ½»»»·½Ê½ÊÇÀûÂÊ»¥»»£¬
²ÎÓëÕßÒ»·½Í¬ÒâÖ§¸¶Ò»¸ö¹Ì¶¨µÄÀûÂÊÒÔ»»È¡¶Ô·½Ò»Öֿɵ÷ÕûµÄÀûÂÊÖ§¸¶·½Ê½¡£
62¡¢µ½ÆÚÈÕ Expiry, expiry date, expiration
ËùÓÐδÐÐȨÆÚȨ»òȨ֤µÄÆÚÂúÈÕ¡£
63¡¢Å·Ê½ÐÐȨ European exercise/European style
Ò»ÖÖÖ»ÔÊÐí³ÖÓÐÕßÔÚµ½ÆÚÈÕÐÐȨµÄÆÚȨ»òȨ֤¡£
64¡¢Âô¿Õ Short Sale
Ͷ×ÊÕßÓÉÓÚÈÏΪij֤ȯ»áµø¼Û¶ø³öÊÛÆä²¢²»ÓµÓеÄ֤ȯ£¬ÕâÖÖ½»Ò׳ÆÎªÂô¿Õ ¡£ÀýÈçÄãίÍо¼ÍÈËÂôµô100¹ÉXYZ¹ÉƱ£¬ÓÚÊÇÄãµÄ¾¼ÍÈ˽èÈë100¹É¸Ã¹ÉƱ½»¸øÂò·½¡£
¸Ã100¹É¹ÉƱµÄ»õ±Ò¼ÛÖµÒÔ¾¼ÍÈ˵ÄÃûÒåµÖѺÔÚ³ö½è·½´¦¡£ Äã±ØÐëÔÚÒ»¶¨Ê±¼äÄÚ¹ºÂòµÈÁ¿µÄ¹ÉƱÊý¶îÀ´³¥»¹¸ø¹ÉƱ³ö½èÕß¡£
Èç¹û¿ÉÒÔÒÔµÍÓÚÂô³ö¼Û¸ñµÄ¼Û¸ñ¹ºÈëXYZ¹ÉƱ£¬ ¼´¿É´ÓÁ½¸ö¼Û¸ñÖ®¼äµÄ²î¶î»ñµÃÀûÈ󣨲»¿¼ÂÇÓ¶½ðºÍ˰·ÑµÄÖ§³ö£©¡£
Èç¹ûÄã±ØÐëÖ§¸¶¶àÓÚÄãËù»ñµÃµÄ¼ÛÖµ£¬¾Í·¢ÉúÁËËðʧ¡£¹ÉƱ½»Ò×ËùºÍÁª°î¼à¹Ü·½¶ÔÂô¿ÕÐÐΪʩÒÔÏÞÖÆÌõ¼þ¡£
ÓÐʱͶ×ÊÕßΪÁ˱£×¡ÕÊÃæÀûÈóÒ²Âô¿ÕÆäÒѾӵÓÐµÄ¹ÉÆ±¡£
65¡¢Ì×Àû Arbitrage
ÊÔͼÀûÓò»Í¬Êг¡»ò²»Í¬ÐÎʽµÄͬÀà»òÏàËÆ½ðÈÚ²úÆ·µÄ¼Û¸ñ²îÒìIJÀû¡£ ×îÀíÏëµÄ״̬ÊÇÎÞ·çÏÕÌ×Àû¡£
ÒÔǰÌ×ÀûÊÇһЩ»ú¾¯½»Ò×Ô±²ÉÓõĽ»Ò×¼¼ÇÉ£¬ ÏÖÔÚÒѾ·¢Õ¹³ÉΪÔÚ¸´ÔÓ¼ÆËã»ú³ÌÐòµÄ°ïÖúÏ´Ӳ»Í¬Êг¡ÉÏͬһ֤ȯµÄ΢С¼Û²îÖлñÀûµÄ¼¼Êõ ¡£ÀýÈ磬Èç¹û¼ÆËã»ú¼à¿ØÏµÄÊг¡·¢ÏÖABC¹ÉƱ¿ÉÒÔÔÚŦԼ֤ȯ½»Ò×ËùÒÔ10ÃÀÔªµÄ¼Û¸ñÂòµ½¶øÔÚÂ×¶ØÖ¤È¯½»Ò×ËùÒÔ10.12ÃÀÔªµÄ¼Û¸ñÂô³ö £¬
Ì×ÀûÕß»òÕßרÃÅ µÄ³ÌÐò¾Í»áÔÚŦԼÂòÈë¶øÔÚÂ×¶ØÂô³öͬµÈÊýÁ¿µÄABC¹ÉƱ £¬´Ó¶ø»ñµÃÁ½Êг¡µÄ¼Û¸ñ²î¡£
66¡¢Ö¸ÊýÌ×Àû Index arbitrage
ÊýµÄÖ¸´ÓÖ¸ÊýÆÚ»õºÏÔ¼Óë»ù´¡Ö¸ÊýµÄ¼Û¸ñʧºâÖн»Ò×¶ø»ñÀûµÄ½»ÒײßÂÔ¡£ ½»Ò×ÉÌÂòÂô¹¹³ÉÖ¸Êý¹ÉƱ£¬ÔÚÆÚ»õÊг¡½øÐз´ÏòµÄ²Ù×÷
67¡¢Ì×ÆÚ±£Öµ Hedging
Ö¸ÂòÈë»òÂô³öÒ»ÖÖÑÜÉú֤ȯ(ÈçÆÚȨ»òÆÚ»õ)ÒԶԳ岿·Ö»òÈ«²¿Ëù³ÖÆäËü֤ȯ·çÏÕµÄÐÐΪ¡£
68¡¢Í¶×Ê×éºÏ Portfolio
ÓÉͶ×ÊÈË»ò½ðÈÚ»ú¹¹Ëù³ÖÓÐµÄ¹ÉÆ±¡¢Õ®È¯¡¢ÑÜÉú½ðÈÚ²úÆ·µÈ×é³ÉµÄ¼¯ºÏ¡£Í¶×Ê×éºÏµÄÄ¿µÄÔÚÓÚ·ÖÉ¢·çÏÕ¡£
69¡¢³ýȨ Ex-rights ³ýÏ¢ Ex-dividend
³ýȨ¡¢³ýÏ¢Êǵ±ÉÏÊй«Ë¾½øÐÐÁË·ÖºìËÍÅäʱ£¬ÐèÒª¸ù¾Ý·ÖºìÅÉÏ¢±ÈÀý¶Ô¹ÉƱ½øÐе÷Õû±¨¼Û¡£ ³ýȨ¡¢³ýÏ¢ÈÕǰÂòÈë¹ÉƱµÄÏíÓзֺìËÍÅäȨ £¬ ³ýȨ¡¢³ýÏ¢µ±ÈÕ¼°ÒÔºóÂòÈëµÄ²»ÔÙÏíÓзֺìËÍÅäȨ¡£³ýȨµÄ¹ÉƱ±¨¼ÛʱÔÚ֤ȯ¼ò³ÆÇ°±ê¼ÇXD£¬ ±íʾ¸Ã¹ÉÒѾ½øÐÐÁËËÍÅä¹É£¬³ýÏ¢µÄ¹ÉƱ±¨¼ÛʱÔÚ֤ȯ¼ò³ÆÇ°±ê¼ÇXR£¬±íʾ¸Ã¹ÉÒѾ½øÐÐÁË·ÖÅɺìÀû£¬¼´ÓгýȨÓÖÓгýÏ¢µÄ¹ÉƱ±¨¼ÛʱÔÚ֤ȯ¼ò³ÆÇ°±ê¼ÇDR¡£
70¡¢ºì¹É Bonus shares/bonus issue
¹«Ë¾ÏòÏÖÓйɶ«·¢ÐеÄÃâ·ÑµÄ¶îÍâ¹ÉƱ£¬Í¨³£°´ÕÕÊÂÏÈÖÆ¶¨µÄ±ÈÀý°´¹É¶«³ÖÓйɷÝÊý·¢ÐС£
71¡¢ºìÀû Dividend
¹É¶«Ëù»ñµÃµÄ¹«Ë¾²¿·Ö¾»ÀûÈó·ÖÅ䡣ͨ³££¬ºìÀû±íʾΪÿ¹ÉÒ»¶¨½ð¶îÊý
72¡¢»ù±¾Ãæ·ÖÎö Fundamental analysis
¹ÉƱ¼ÛÖµµÄ»ù±¾Ãæ·ÖÎöÒªËØÉæ¼°Ëù·ÖÎöÆóÒµµÄÏúÊÛ¡¢ÊÕÒæºÍ×ʲú¡£ ÐÐÒµºÍ¹«Ë¾µÄ»ù±¾Ãæ·ÖÎöÒªËØ°üÀ¨ÏúÊÛ¡¢×ʲú¡¢ÊÕÒæ¡¢²úÆ·»ò·þÎñ¡¢Êг¡ºÍ¹ÜÀí¡£ ¶ÔÓÚºê¹Û¾¼ÃµÄ»ù±¾ÃæÑо¿£¬Ôò°üÀ¨¹úÃñÉú²ú×ÜÖµ¡¢ÀûÂÊ¡¢Ê§Òµ¡¢´æ»õ¡¢´¢ÐîµÈÄÚÈÝ¡£
73¡¢¼¼Êõ·ÖÎö Technical analysis
¼¼Êõ·ÖÎö£¨»òͼ±í·ÖÎö£©Ö¸Õë¶ÔÊг¡¼Û¸ñÐÐΪµÄÐÐÇéÔ¤²â·ÖÎö¡£ ¼¼Êõ·ÖÎöÖ÷ÒªÑо¿Êг¡£¨»ò¹ÉƱ£©µÄ¹©Çó¹ØÏµ¡£
¼¼Êõ·ÖÎöʦͨ¹ý¶Ô¼Û¸ñµÄÔ˶¯¹æÂÉ¡¢³É½»Á¿¡¢±ä»¯Ä£Ê½µÈµÄÑо¿£¬ ²¢ÒÔͼÏßµÄÐÎʽ·´Ó³ÕâЩָ±êµÄÔ˶¯ÌØÕ÷ £¬À´ÊÔͼ¹À¼Æµ±Ç°Êг¡ÐÐΪµÄ¿ÉÄÜЧ¹û»òÕßij֤ȯµÄδÀ´¹©Çó×´¿ö¡£
74¡¢¹«Ë¾ÖÎÀí Corporate governance
ÃèÊöȨÀûÓëÔðÈÎÔÚ¹«Ë¾¸÷²ÎÓë·½Ö®¼ä£¬ÌرðÊǹÜÀí²ãºÍ¹É¶«Ö®¼ä·ÖÅ䷽ʽµÄÊõÓï¡£
75¡¢¹ÉÏ¢ÂÊ Dividend yield
ÒÔÕ¼¹ÉƱÏúÊÛ¼Û¸ñµÄ°Ù·ÖÊý±íʾµÄÄê¶È¹ÉÏ¢£¬¸ÃÖ¸±êÊÇͶ×ÊÊÕÒæÂʵļò»¯ÐÎʽ¡£
76¡¢Á÷¶¯ÐÔ Liquidity
Ö¸×ʲúÔÚÎÞÌ«´óËðʧÏÂÄÜѸËÙת±äΪÏÖ½ðµÄÄÑÒ׳̶ȣ¬Ò²Ö¸Êг¡²ÎÓëÕ߹㷺
£¬ÂòÂôË«·½±¨¼Û²î¾àÒ²ºÜС£¬½»Ò×±ãÀûµÄÊг¡×´Ì¬¡£Êг¡Á÷¶¯ÐÔÊǺâÁ¿Êг¡×´Ì¬ÊÇ·ñÁ¼ºÃµÄÖØÒªÖ¸±ê¡£
77¡¢×ʲú¸ºÕ®±í Balance sheet
ÌØ¶¨ÈÕÆÚµÄ×ʲú¡¢¸ºÕ®ºÍÒµÖ÷È¨ÒæµÄ±¨¸æ¡£Ò²±»³ÆÎª²ÆÎñ×´¿ö±í»òÕß×ʲúÓ븺ծ±í¡£
78¡¢Á÷¶¯×ʲú Current assets
Ïֽ𣬻òÔÚ¹«Ë¾Éϸö²ÆÎñÄê¶È½áÊøºóµÄ12¸öÔÂÄÚ £¬¹«Ë¾ÊµÌåÔÚÒ»°ãµÄ¾Óª¹ý³ÌÖÐÏûºÄ»òת»¯ÎªÏÖ½ðµÄÆäËû×ʲú¡£ ¹«Ë¾µÄÁ÷¶¯×ʲúÓ¦¿ÉÔÚÒ»ÄêÄÚת»¯ÎªÏֽ𡢱»³öÊÛ¡¢»ò±»ÏûºÄ¡£
ÔÚÃÀ¹ú£¬´ËÀà×ʲú°üÀ¨ÏÖ½ð¡¢ÃÀ¹ú***ծȯ¡¢Ò»ÄêÆÚµÄÓ¦ÊÕÕÊ¿îºÍÇ·¸¶»õ±Ò£¬¼°´æ»õ¡£
79¡¢Á÷¶¯¸ºÕ® Current liabilities
°´ÒªÇó»òÒ»ÄêÄÚÓ¦Çå³¥µÄÕ®Îñ¡£ÔÚ¹«Ë¾µÄÄê¶È±¨¸æÖУ¬ÕâÒ»Ö¸±ê±íÃ÷¹«Ë¾ÔÚ12¸öÔÂÄÚÓ¦³¥¸¶µÄÕ®ÎñÊý¶î ¡£
¶Ô¹«Ë¾¶øÑÔ£¬Í¨³£ÊÇÖ¸Ò»ÄêÆÚµÄÇ·¿îºÍÓ¦¸¶Õʿ
80¡¢Á÷¶¯±ÈÂÊ Current ratio
Ò»ÖÖºâÁ¿Á÷¶¯ÐԵķ½·¨¡£¸ÃÖ¸±êÏÔʾµÄÊǹ«Ë¾³¥»¹¶ÌÆÚÕ®ÎñµÄÄÜÁ¦¡£Á÷¶¯±ÈÂÊ=£¨Á÷¶¯×ʲú/Á÷¶¯¸ºÕ®£©=³¥»¹´ÎÊý
81¡¢Ã¿¹É¾»×ʲú Net asset value per share
ºâÁ¿ÆóÒµÓ¯ÀûÄÜÁ¦µÄÖØÒªÖ¸±ê¡£Ã¿¹É¾»×ʲú£½¹«Ë¾µÄ¾»×ʲú£¯¹«Ë¾×ܹɷݡ£
ÀýÈ磬XYZ¹«Ë¾ÓµÓÐ100£¬000ÃÀÔªµÄ¾»×ʲúºÍ10£¬000¹ÉµÄ×ܹɱ¾£¬Ôòÿ¹É¾»×ʲúΪ10ÃÀÔª¡£
82¡¢Ã¿¹ÉÊÕÒæ Earnings per share/EPS
¶Ô¹«Ë¾ÊÕÒæµÄÒ»ÖÖºâÁ¿·½Ê½£¬¼´ÒÔ12¸öÔÂΪÖÜÆÚ£¬·Ö²¼ÓÚÿһÏàµÈÆÕͨ¹É¹É·ÝÖ®ÉϵÄÊÕÒæ¡£
83¡¢ÊÐÓ¯ÂÊ Price-earnings ratio
ÊÐÓ¯ÂÊÖ¸ÔÚÒ»¸ö¿¼²ìÆÚ£¨Í¨³£Îª12¸öÔµÄʱ¼ä£©ÄÚ£¬¹ÉƱµÄ¼Û¸ñºÍÿ¹ÉÊÕÒæµÄ±ÈÀý¡£ Ͷ×ÊÕßͨ³£ÀûÓøñÈÀýÖµ¹ÀÁ¿Ä³¹ÉƱµÄͶ×ʼÛÖµ£¬»òÕßÓøÃÖ¸±êÔÚ²»Í¬¹«Ë¾µÄ¹ÉƱ֮¼ä½øÐбȽϡ£
ÊÐÓ¯ÂÊͨ³£ÓÃÀ´×÷Ϊ±È½Ï²»Í¬¼Û¸ñµÄ¹ÉƱÊÇ·ñ±»¸ß¹À»òÕߵ͹ÀµÄÖ¸±ê¡£
£¬ÓÃÊÐÓ¯ÂʺâÁ¿Ò»¼Ò¹«Ë¾¹ÉƱµÄÖʵØÊ±£¬²¢·Ç×ÜÊÇ׼ȷµÄ ¡£Ò»°ãÈÏΪ£¬Èç¹ûÒ»¼Ò¹«Ë¾¹ÉƱµÄÊÐÓ¯Âʹý¸ß£¬ÄÇô¸Ã¹ÉƱµÄ¼Û¸ñ¾ßÓÐÅÝÄ£¬¼ÛÖµ±»¸ß¹À¡£
£¬µ±Ò»¼Ò¹«Ë¾Ôö³¤Ñ¸ËÙÒÔ¼°Î´À´µÄÒµ¼¨Ôö³¤·Ç³£¿´ºÃʱ£¬ ¹ÉƱĿǰµÄ¸ßÊÐÓ¯ÂÊ¿ÉÄÜÇ¡ºÃ׼ȷµØ¹ÀÁ¿Á˸ù«Ë¾µÄ¼ÛÖµ¡£
ÐèҪעÒâµÄÊÇ£¬ÀûÓÃÊÐÓ¯ÂʱȽϲ»Í¬¹ÉƱµÄͶ×ʼÛֵʱ£¬ÕâЩ¹ÉƱ±ØÐëÊôÓÚͬһ¸öÐÐÒµ£¬ ÒòΪ´Ëʱ¹«Ë¾µÄÿ¹ÉÊÕÒæ±È½Ï½Ó½ü£¬Ï໥±È½Ï²ÅÓÐЧ¡£
84¡¢×ʱ¾½á¹¹ Capital structure
Ò»¼Ò¹«Ë¾µÄÓÀ¾ÃÐÔ³¤ÆÚÈÚ×ʽṹ£¬°üÀ¨³¤ÆÚÕ®Îñ¡¢ÆÕͨ¹ÉºÍÓÅÏȹɣ¬ÒÔ¼°Áô´æÊÕÒæ ¡£ËüÓë²ÆÎñ½á¹¹²»Í¬£¬²ÆÎñ½á¹¹°üÀ¨¶ÌÆÚÕ®ÎñºÍÓ¦¸¶Õʿ
85¡¢ËðÒæ±í Ine Statement
Ò»¸ö¹«Ë¾ÔÚÒ»¶ÎʱÆÚÄڵIJÆÎñÒµ¼¨µÄ¼Ç¼,Ëü·´Ó³:ÆóÒµÔÚÒ»¶¨Ê±ÆÚÄÚ´´ÔìµÄÊÕÈë; ÆóÒµÔÚÒ»¶¨Ê±ÆÚÓëÊÕÈëÏà¹ØµÄ·ÑÓúͳɱ¾;ÆóÒµÒ»¶¨Ê±ÆÚµÄÀûÈó(»ò¿÷Ëð)¡£
´***ðÒæ±í¿ÉÒÔ¿´³öÒ»¼Ò¹«Ë¾ÓжàÉÙÇ®ÄÜÓÃÀ´½øÐÐÔÙͶ×Ê¡£
86¡¢Õ®Îñ¹É±¾½ð±ÈÂÊ Debt/equity ratio
¸ÃÖ¸±ê·´Ó³½è´û×ʽðÓë¹É¶«¹É±¾½ðÖ®¼äµÄ¹ØÏµ£¬ ˵Ã÷¹«Ë¾µÄ×ʽðÔÚ¶à´ó³Ì¶ÈÉÏÊÇͨ¹ýÕ®ÎñÈÚͨ½â¾öµÄ£¨¸ÃÖ¸±êÒ²±»³ÆÎª´«¶¯±ÈÂÊ»ò¸Ü¸Ë±ÈÂÊ£©¡£
Õ®Îñ/¹É±¾½ð±ÈÂÊ=£¨È«²¿Õ®Îñ/¹É¶«¹É±¾½ð£©x100
87¡¢ÏÖ½ðÁ÷ Cash flo
ÌØ¶¨Ê±ÆÚÄÚÀ´×Ôijһ×ʲú»òij×é×ʲúµÄÈ«²¿ÏÖ½ðÊÕÈ루Á÷È룩»òÏÖ½ðÖ§³ö£¨Á÷³ö£©¡£¾»ÏÖ½ðÁ÷ÊÇÏÖ½ðÁ÷Èë¼õÈ¥ÏÖ½ðÁ÷³ö¡£
88¡¢ÃæÖµ Face Value
±ê¼ÇÓÚծȯ±íÃæµÄծȯ¼ÛÖµ£¬·¢Ðй«Ë¾¶Ôծȯ¼ÛÖµÁíÓй涨µÄ³ýÍâ¡£ ͨ³££¬ÃæÖµ¾ÍÊÇ·¢Ðй«Ë¾³ÐŵÔÚµ½ÆÚÈÕ³¥¸¶µÄ½ð¶î£¬ÓëÊг¡¼ÛÖµÎ޹ء£
89¡¢Òç¼Û/ȨÀû½ð Premium
¶ÔÓÚծȯºÍÓÅÏȹÉÀ´Ëµ£¬Ö¸µÄÊÇÖ§¸¶Ö¤È¯µÄ¼Û¸ñ³¬¹ýÃæÖµµÄ²¿·Ö¡£ ȨÀû½ð£¨Premium£©¶ÔÓÚÆÚȨÀ´Ëµ£¬
Ö¸µÄÊÇÆÚȨºÏÔ¼µÄ¼Û¸ñ£¬¼´¹ºÂòÕß¹ºÈëÆÚȨʱ£¬ËùÐèÖ§¸¶¸øÆÚȨ³öÊÛÕߵĽð¶î¡£
90¡¢»»ÊÖÂÊ Turnover Rate
Ò԰ٷֱȺâÁ¿µÄÒ»ÄêÄÚ¹ÉÆ±µÄ³É½»Á¿Õ¼¹ÉƱ×ÜÊýµÄ±ÈÀý¡£ ÒÔÑù±¾×ÜÌåµÄÐÔÖʲ»Í¬Óв»Í¬µÄÖ¸±êÀàÐÍ£¬
Èç½»Ò×ËùËùÓÐÉÏÊÐ¹ÉÆ±µÄ×Ü»»ÊÖÂÊ¡¢»ùÓÚijµ¥¸ö¹ÉƱ·¢ÐÐÊýÁ¿µÄ»»ÊÖÂÊ¡¢»ùÓÚij»ú¹¹³ÖÓÐ×éºÏµÄ»»ÊÖÂÊ¡£
91¡¢±´Ëþ Beta
±´ËþÒ»ÏîÓÃÒÔºâÁ¿Ò»Öֹɯ±¼Û¸ñµÄ±ä¶¯ÓëÕû¸ö¹ÉƱÊг¡ÕûÌå±ä¶¯µÄÏà¹ØÐÔµÄÖ¸±ê¡£
92¡¢²¨¶¯ÐÔ/Ò×±äÐÔ Volatility
¶Ô»ù´¡Ö¤È¯¼Û¸ñ²¨¶¯³Ì¶ÈµÄ²âÁ¿£¬ÀûÓÃÿÈÕ¼Û¸ñ±ä»¯µÄ±ê׼ƫ²îÀ´¼ÆËã¡£
93¡¢»ù×¼·çÏÕ/»ù±¾·çÏÕ Basis risk
ÔÚÆÚ»õ½»Ò×ÖУ¬ »ù×¼·çÏÕÖ¸µÄÊÇÒòΪÆÚ»õºÏÔ¼µÄ¼Û¸ñ±ä¶¯ÓëºÏÔ¼µÄ»ù´¡½ðÈÚ¹¤¾ß»òÉÌÆ·µÄ¼Û¸ñ±ä¶¯²»Äܱ£³ÖÍêȫһÖ¶ø´øÀ´µÄ·çÏÕ¡£
3¡¢¹ÉƱ¶¼ÓÐʲôרҵÊõÓï
¶àÁËÈ¥ÁË£¬Ò»Èë¹ÉÊÐÉîËÆº£¡£
4¡¢¹ÉƱÓÐÄÄЩרҵµÄÊõÓʲôÒâ˼£¿
¹ÉƱÀàµÄÊõÓïÌ«¶àÁË£¬Äã×Ô¼ºÈ¥ÎÄ¿âËÑË÷ ¹ÉƱÊõÓï´óÈ«»áµÃµ½´ð°¸µÄ¡£
µÀ¸»Í¶×ÊΪÄú½â´ð
5¡¢ÏëѧºÃ³´¹ÉÐèҪѧЩʲôרҵµÄÖªÊ¶ÄØ
רҵÎÒ²»Ì«Çå³þŶ£¬ÎÒѧ½ðÈÚѧµÄ£¬Óë¹ÉƱÏà¹ØµÄÒ²²»ÊǺܶࡣ³´¹ÉÊÇʵ¼ù²¿·Ö£¬×¨ÒµÖªÊ¶ÊÇÀíÂÛ·½ÃæµÄ£¬Æäʵ²»×östock broker ¹ÉƱ¾¼Í£¬µ¥¶À³´¹ÉµÄ»°
ÎÒÈÏΪ£¬Ö»Òª°Ñ¡¶½¶÷»ª¶û½Ö45Äê¡·Õâ±¾Êé·´¸´¿´¶®£¬²¢¼á³ÖÕÕ×ö¾Í¿ÉÒÔÁË¡£¹ÉƱµÄÊé²»¿É¶à¿´£¬ÒòΪËü»áÀË·ÑÄãºÜ¶à±¦¹óµÄʱ¼ä¡£¹ØÓÚ¹ÉÆ±²Ù×÷µÄÊé¼®¶àµÃÎÒÃÇÊDz»¿ÉÄÜ¿´¹ýÀ´µÄ£¬Ã¿¸öÈ˵ÄϲºÃÓÖÓÐËù²»Í¬µÄ¡£½¨ÒéÕÒÒ»¿îÄ£Äâ³´¹ÉÓÎÏ·£¨ÍƼöÓÎÏÀ¹ÉÊУ©£¬ÉîÁÙÆä¾³Ìåζ¹ÉÊзçÏÕ£¬¶ÔÐÂÊÖÈëÃźÜÓаïÖú¡£
ÓÐλǰ±²¶Ô³´¹ÉÓ¦¸Ã¿´Ê²Ã´Êé¼®ÊÇÕâÑù˵µÄ
1.³õѧ¡¶³´¹ÉµÄÖǻۡ·
2.È»ºóÀíÂÛ½¶÷£¬µÀÊÏ£¬²¨ÀË£¬Ñǵ±£¬»ìã缸ÖÖÀíÂÛ¶¼¿´Ò»¿´£¬ÖصãÊǵÀÊÏ£¬²¨ÀËÀíÂÛ£¬Ã÷°×¾ÍÐУ¬²»ÓÃÉ¡£
3.È»ºóÊÇ¡¶ÊÀ½ç¶¥¼¶½»Ò×Ô±µÄ²ÙÅÌÉúÑÄ¡·,¡¶¹ÉƱ´ó×÷ÊÖ²ÙÅÌÊõ¡·£¬¡¶»ª¶û½Ö45Äê¡·£¬¡¶Í¨Ïò½ðÈÚÍõ¹úµÄ×ÔÓÉ֮·¡·µÈµÈ£¬ÌåÑé¶¥¼¶½»Ò×Ô±µÄ˼·Óë¾Ñé¡£
4.¿´¼¸±¾¹ÉÊÐС˵¡¶´óÓ®¼Ò¡·µÈµÈ£¬¿´¿´ËûÃǵĹÉÊÐÈËÉú¶Ô×Ô¼ºÓÐÖ¸µ¼×÷Óã¬×îÖØÒªµÄÊÇÃ÷°×·çÏÕÓëÊÕÒæ³ÉÕý±È¡£
5.²»ÍƼö¹úÄÚµÄһЩÀ¬»ø½Ì²Ä£¬Ê²Ã´ÖÆÊ¤·¨±¦Ê²Ã´µÄ£¬²»ÊÇÕÕ³±ðÈ˵ľÍÊǸøÄã¶þÈý°ÙÕУ¬µ½Ê±ºòÄã×Ô¼ºÒ²Åª²»Çå³þÓÃÄĸö²Å¶Ô¡£
Äܹ»Îȶ¨×¬Ç®µÄ¶¼ÊÇÓÐ×Ô¼ºµÄ½»Ò×ÔÔòºÍ½»Ò×ϵͳ£¬²»ÊÇÓõıðÈ˵ķ½·¨¡£¿ÉÒÔ½è¼ø¡£²Ù×÷ʧ°ÜµÄÔÒòÊDz»Í¬µÄ£¬½»Ò׳ɹ¦µÄÔÒò¶¼ÊÇÏàͬµÄÄãÓÐÒ»Ì×ÊʺÏ×Ô¼ºµÄ½»Ò×ϵͳÊÇÄãÎȶ¨µÄ²¢ÇÒÔ´Ô´²»¶Ï»ñÀûµÄǰÌá¡£ սʤ¹ÉÊÐսʤ×Ô¼º¡£
6¡¢ÎÒÏëѧ³´¹É,Ó¦¸Ã±¨Ê²Ã´×¨Òµ
×ʽðÑÛħ¹íѵÁ·°à
7¡¢³´¹ÉÓ¦¸Ãѡʲôרҵ
1£¬ºÜÄѶ¨ÂÛ¡£³´¹ÉÊÇÒ»¸ö×ÛºÏÐÔºÜÇ¿µÄרҵ£¬ËµÄĸöרҵ¶ÔÓ¦ÐԱȽϺö¼±È½ÏÆ¬Ãæ£¬¶øºÃ¼¸¸öרҵѧ¾«ÁËÒ²Ò»Ñù¿ÉÒÔ×öµÃºÜºÃ¡£
2£¬Ä¿Ç°¼¸¸ö´óÉñµÄרҵ¡£°Í·ÆÌØ´óѧ¶Á¹ý²ÆÎñÓëÆóÒµ¹ÜÀíºÍ¾¼ÃѧÁ½¸öרҵ£¬Ë÷ÂÞ˹ÊÇÕÜѧ£¬Î÷ÃÉ˹ÊÇÊýѧ´ó¼Ò¡£¶¼Å£±Æ£¬Ò»¸ö¶«Î÷µÄÎòµÀ²»ÔÚÓÚרҵ£¬¶øÊÇ´Ó×Ô¼º×¨ÒµÉÏÈ¥Àí½â£¬ÀíÂÛºÍʵ¼ùÏà½áºÏ£¬²»¶ÏÉý»ª£¬¾ÍÐγÉÁË×Ô¼ºµÄͶ×ÊÌåϵ£¬¶ø²»ÊÇѧÄĸöרҵ¾ÍÄܳ´¹ÉºÜÅ£µÄ¡£Ò»Ð©»ù½ð¾ÀíºÍÐÐÒµ·ÖÎöÊ×ϯ»¹ÓÐÊǹ¤¿Æ³öÉí£¬Ã»·¨¶¨ÂÛ£¬Ò²²»Òª±»Õâ¸ö˼·Î󵼡£
3£¬Èç¹ûÈÃÎÒÔÙÑ¡ÔñÒ»±é¶ÁµÄרҵ£¬ÎÒ»áÔÚ±¾¿ÆÑ¡Ôñ¹¤¿Æ£¬Ë¶Ê¿Ñ¡Ôñ¾¼Ãѧ¡£ÒòΪ¹¤¿Æ´òµ×£¬¹¤×÷²»³î£¬µ½ÁË´óËÄÒª±ÏÒµ»¹ÊÇ¿¼ÑУ¬¶¼±È½ÏÈÝÒ×Ñ¡Ôñ£¬¿çרҵ¿¼¾¼ÃѧÎÊÌâ²»´ó¡£
KÏßͼ½â
- ÌìÇØ×°±¸¹ÉƱ´úÂ루ÌìÇØ×°±¸¹ÉƱо£©
- ͨÓûúеÐÐÒµÖÜÎåÉÏÕÇ0.6% Ö÷Á¦×ʽð¾»Á÷Èë-3.55ÒÚÔª
- aÀà¹ÉƱºÍbÀà¹ÉÆ±Çø±ðcÀà¹ÉƱ£¨¸Û¹ÉbÀà¹ÉƱ£©
- Ë÷Á¦µÃ2020Äê²Æ±¨Èý´ó¹Ø¼ü´Ê£ºÔöÀûÈó ÌáÖÊÁ¿ ½µ·çÏÕ
- ¹«Ä¼¼ÓËÙ²¼¾ÖÉî¸Ûͨ Êг¡ÈËÊ¿¿´ºÃ¹úÆó»ì¸ÄPPPµÈ
- a¹É·ÖΪ¶àÉÙ¸öÐÐÒµ£¨¸÷ÐÐÒµ¸ÅÄî¹ÉÁúÍ·Ò»ÀÀ£©
- ¹ÉƱʲôÊǽð²æÐÎ̬£¨½ð²æ×ßÊÆÊ²Ã´Òâ˼£©
- »ù½ðÖØ²Ö¹ÉÔú¶ÑÍ£ÅÆ ²¿·Ö»ù½ðÊ®´óÖØ²Ö¹É3Ö»Í£ÅÆ
- ÉúÎïÒ½Ò©¸ÕÐè³£ÔÚ Ê®Óà¼Ò´¨ÆóÓ¡°Éý¡±»ú
- ÐÂÐͳÇÕò»¯¸ÅÄî10ÔÂ21ÈÕÉÏÕÇ0.1% Ö÷Á¦×ʽð¾»Á÷Èë-1.37ÒÚÔª
- ºÎʱ´òйÉÖÐÇ©Âʸߣ¨Ò»Î»ÖÐÇ©¸ßµÄ×ÔÊö£©
- ÖÐÐÅÒøÐÐÐÅÓÿ¨µ±ÌìÉêÇ뼸Ììµ½£¨ÖйúÒøÐÐÐÅÓÿ¨£©
- Óиú»ªÑ¶Í¶×Ê×ö¹ýµÄÂ𣨻ªÑ¶Í¶×Ê¹ÉÆ±½»Á÷Ⱥ£©
- ÖíÈâ¸ÅÄîµ±Ììϵø3.05% Ö÷Á¦×ʽð¾»Á÷Èë-10.79ÒÚÔª
- »¦½ðÓëÂ׶ؽð·çÏնԱȣ¨Å¦Ô¼½ð¼Û¸ñΪɶҪ¸ßÓÚÂ׶ؽð£©
- ÐÐÒµÐÎÊÆ¶Ô¹ÉƱ¼Û¸ñ×ßÊÆÓкÎÓ°Ï죨¹ÉƱµÄ»ù±¾Ç÷ÊÆµÄ¶¨Ò壩