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Capital Markets Trading and Investment Strategies in China: A Practitioner's Guide

Autor Xiaojiang Zhang
en Limba Engleză Hardback – 9 apr 2018
This book covers in detail the building blocks of Chinese capital markets at the financial instrument level, the analytical pricing term structure of those instruments, the macro and industry economic framework and progress of the liberalization processes at work in the respective markets, the interaction of various participants in the markets, their trading and investment objectives and rationales, some of the most frequently applied trading and investment strategies, and risk management techniques. The book will especially benefit financial practitioners with in-depth knowledge of their respective capital markets area regarding foreign exchange, money markets, fixed income, and related derivatives, and who have a keen interest in gaining deeper insights into the Chinese market so as to develop or strengthen their global strategy application and risk management practice.
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Specificații

ISBN-13: 9789811084966
ISBN-10: 9811084963
Pagini: 357
Ilustrații: XI, 331 p. 404 illus. in color.
Dimensiuni: 155 x 235 x 21 mm
Greutate: 0.66 kg
Ediția:1st ed. 2018
Editura: Springer Nature Singapore
Colecția Springer
Locul publicării:Singapore, Singapore

Cuprins

Part 1. Portfolio building blocks covering foreign exchange, money markets, fixed Income and derivatives Instruments.- 1 Traded Foreign Exchange Instruments.- 2 Traded Money Market Instruments.- 3 Fixed Income Instruments market condition, pricing mechanism, quoting and settlement convention.- 4 Derivatives market condition, pricing mechanism, and trading convention.- Part 2. Macro Economics, Monetary Cycle, Industry Cycle, Monetary Condition, Supply and Demand.- 5 Macro cycle.- 6 Industry cycle.- 7 Monetary cycle.- 8 CFETS (China Foreign Exchange Trade System).- 9 China Banking Regulatory Commission and Interbank market.- 10 China Securities Regulatory Commission and exchange markets.- Part 3. Applied Pricing Curve in the Market and Term Structures.- 11 Curves and Term Structures.- 12 In-depth on factors driving onshore FX and money market curves.- Part 4. Regulatory Regime and Some Policies in Focus.- 13 Central bank’s various objectives and its balance sheet analysis.- 14 Foreign exchange trading regulation: mid Pricing guideline.- 15 Fixed income trading regulation: leverage ratio, collateral financing.- 16 ABS and its related regulation.- 17 Currency account and capital account market liberalization.- Part 5. Other Participants.- 18 Fixed income institution players, market making participation.- 19 FX trading players.- 20 MM players.- Part 6. Portfolio Objectives and Trading and Investment Strategies.- 21 Onshore CNY Liquidity Portfolio Management.- 22 Offshore FX Liquidity Portfolio Management Strategy Objectives.- 23 Trading accounts FX MTM and Strategies.- 24 Trading accounts bond strategies.- 25 Bond future net basis strategy and negative implied repo rate.- 26 Investment Accounts Objectives and Strategies.- Part 7. Risk Management Practice.- 27 Trading Accounts Limits Allocation.- 28 Investment Accounts Credit Allocation Practice.- 29 Investment Portfolio Term Duration Management.

Notă biografică

Xiaojiang Zhang worked at various large global financial institutions in the areas of foreign exchange, fixed income, derivatives trading and portfolio management. Author of Capital Markets Trading and Investment Strategies in China published by Springer in 2018. Author of Mechanical Analysis of China's Macro Economic Structure published by Springer in 2020. Two times top economic think tank award winners.


Textul de pe ultima copertă

This book covers in detail the building blocks of Chinese capital markets at the financial instrument level, the analytical pricing term structure of those instruments, the macro and industry economic framework and progress of the liberalization processes at work in the respective markets, the interaction of various participants in the markets, their trading and investment objectives and rationales, some of the most frequently applied trading and investment strategies, and risk management techniques. The book will especially benefit financial practitioners with in-depth knowledge of their respective capital markets area regarding foreign exchange, money markets, fixed income, and related derivatives, and who have a keen interest in gaining deeper insights into the Chinese market so as to develop or strengthen their global strategy application and risk management practice.

Caracteristici

Adopts a factor-driven portfolio approach Includes essential content on the quantitative trading and investment strategy setting Offers accessible, fundamental insights into Chinese capital markets