Chapter * * * 10 of Financial Practice is a very difficult direction in many practices, especially for some students who have passed the exam. According to the recent policy, 20 19 financial practice is likely to add insurance chapters, so the teaching materials will change greatly this year. As candidates, before the publication of the new syllabus, we should focus on the unchangeable theoretical knowledge in order to maximize our review effect. Therefore, when studying zero-based courses in the early stage, we must grasp the key chapters and contents that the teacher has repeatedly emphasized, so as to keep constant and change. In addition, there are three kinds of questions in the practical test. In the early study, candidates should focus on single choice and multiple choices, because the later modules mainly focus on case analysis questions, leaving less time for single choice.
Chapter 1
Suggested days: 4 days
Important test sites: the three major components of the financial market; Types of financial markets; Money market and its composition (paying special attention to the repurchase market); Capital market and its composition (focusing on stock market and bond market); Financial derivatives market (pay attention to the classification of trading subjects and the exercise principle of options); Internet finance (pay attention to the regulators corresponding to the six modes)
Chapter features: This chapter is the soul chapter of the book, and many nouns involved will be extended in the following content, so the study of the first chapter is very important. Only by mastering the basic terms of the first chapter can we learn the following contents and not be at a loss, but the overall difficulty of this chapter is low and the pressure of preparing for the exam is small.
chapter two
Suggested days: 8 days
Important test sites: master the calculation of simple interest and compound interest and the final value of present value; Three causes of interest rate risk structure; Three theoretical viewpoints on the term structure of interest rate: three interest rate determination theories, especially liquidity preference theory; Master the calculation of nominal rate of return, actual rate of return, current rate of return, yield to maturity and holding rate of return; Understand yield to maturity's calculation formula and learn from bond pricing; Master the principles and calculation formulas of bond pricing and stock pricing; Master the relevant contents of capital asset pricing theory; Familiar with the related content of interest rate marketization.
Chapter features: This chapter is the most difficult chapter in the book, which requires case analysis, involves multiple calculations, and is also the most headache for candidates every year. However, this chapter is very theoretical, and basically there will be no major changes. Candidates are advised to devote more energy to study two or three times in the early stage.
chapter three
Suggested days: 2 days
Important test sites: five functions of financial institutions; Four types of financial institution systems; Central banking system; Commercial banking system; Four functions and three operating principles of policy institutions; Three kinds of supervision ideas and three kinds of supervision modes; Some institutions in China's financial institution system
Chapter features: There are few knowledge points in this chapter, and the understanding difficulty is also very low. After listening to the course, the problem should not be big.
chapter four
Suggested days: 10
Important test sites: three principles of commercial bank management and their relationship; The difference between traditional business model and new business model; The content of 4R marketing theory; The content of selecting loan customers in loan business; Characteristics of intermediary business; Principles followed in the classification, management and business development of wealth management business; Basic principles, contents, index system and methods and tools of asset-liability management (it is difficult, please pay attention to the first sentence of eight sentences); Three kinds of capital in capital management and the evolution of Basel Accord: China banking supervision requirements; Basic processes and main strategies of risk management; Cost management and profit management in financial management; Scientific management of human resources; The meaning of corporate governance; Internal control principle; Salary structure in developed countries.
Chapter features: This chapter is rich in content and difficult, and it is also a required chapter for case questions, especially the three contents of wealth management, asset-liability management and capital management, which must be reviewed in place. At the same time, this chapter is less likely to change. It is recommended to focus on reviewing in the early stage and listen to the course at least twice.
chapter five
Suggested days: 4 days
Important test sites: four basic functions of investment banks (especially four types of intermediaries); Securities issuance and underwriting business (underwriting method, valuation method, pricing method, inquiry system); Securities brokerage business (multi-level capital market, brokerage business characteristics, brokerage business process); General M&A and the basic types of M&A; The difference between the operation mode and legal form of securities investment fund; Classification of investment funds.
Chapter features: There are many contents in this chapter, but the overall difficulty is normal. The probability of case problems is relatively large, especially in the two modules of securities issuance underwriting business and brokerage business. At the same time, this chapter is unlikely to change, so we can study it in advance.
Chapter vi
Suggested days: 5 days
Important test sites: the types and functions of the basic concepts of trust (four-level definition, four characteristics and four basic elements); Conditions, methods, registration and contents of the trust; The establishment, alteration and termination of the trust company; The business classification of the trust company; Prevention of operational risks of trust companies; Characteristics and functions of leasing; Rent management; Financial lease contract and its characteristics; The difference between financial leasing companies and financial leasing companies; Classification of financial leasing companies; Four profit models of financial leasing companies.
Chapter features: This chapter is rich in content, trivial in knowledge points, prone to detailed topics, but difficult to understand as a whole. The probability of case questions is also relatively low, so it is enough to focus on preparing multiple-choice questions.
Chapter VII
Suggested days: 7 days
Important test sites: focus on mastering financial risk management methods; Application fields of financial engineering; Delivery and valuation of forward interest rate agreements; Determination of futures hedging ratio; The difference between three kinds of futures arbitrage; The principle and application of financial swap (the case of the previous year's exam); The value, execution principle and arbitrage mode of financial options (case test last year); The distinction between financial risks (must be mastered); Three-dimensional system of comprehensive risk management; Risk management process, credit risk management and control methods; Market risk management; Relevant contents of the Basel Accord.
Chapter features: There must be case analysis questions in this chapter, which must be reviewed emphatically. In addition, many candidates will be worried when they see complex financial engineering content. In fact, this piece is only the most basic content in the examination, so they can skip formulas that are particularly difficult or complicated.
Chapter VIII
Suggested days: 4 days
Important test sites: mainly master three theories of money demand and their differences; The process of money supply; Classification of China's currency classes; The premise of creating a variety of deposits; Deposit multiplier and currency multiplier formulas; The meaning of IS, LM and BP curves; The meaning, types, causes and countermeasures of inflation; Signs of deflation and its control measures.
Chapter features: The content of this chapter is more theoretical, and it will also focus on the economic foundation, which belongs to the content of learning a lot at once. The difficulty is moderate.
Chapter 9
Suggested days: 7 days
Important test sites: mainly master three ways produced by the central bank; The nature and four functions of the central bank; Three kinds of business of the central bank; Focus on understanding and mastering the relevant contents of monetary policy system, especially the characteristics and types of monetary policy and the components of financial macro-control mechanism; The ultimate goal of monetary policy and its contradiction; Monetary policy tools and their characteristics; Transmission mechanism and intermediary goal of monetary policy: familiar with the specific practice of China's monetary policy; Six principles and three theories of financial supervision; Familiar with the main contents and methods of bank supervision.
Chapter features: This chapter contains many contents, and the probability of case questions is extremely high. At the same time, we will also focus on the economic foundation, especially the monetary policy tools and the contents of bank supervision, which must be the focus of the examination and will not change significantly. It is recommended to review 1-3 times at least.
Chapter 10
Suggested days: 4 days
Important test sites: mainly master the concept of exchange rate and the decision and change of exchange rate; Master the new balance of payments table, know the composition in the table, and master the adjustment method of balance of payments imbalance; Master the composition of international reserves and the adjustment methods of international reserves; Master the evolution of the international monetary system and the characteristics of each stage; Master the European money market, especially the difference between European bonds and foreign bonds; Master the related contents of currency convertibility and foreign debt management.
Chapter features: There are many contents in this chapter, but the knowledge points are fragmentary. At the same time, it will also focus on the economic foundation, especially the exchange rate, international reserves and international monetary system, which are the focus of the exam and will not change significantly.