English-Chinese Financial Glossary

Preface The reform and opening up of China since the late 1970s has ushered in an era of fast growth of business reporting in the news media. As the Chinese economy becomes more integrated in the world economy, in-depth, professional business reporting is becoming essential for the investment communities in China and abroad. The Tsinghua School of Journalism and Communication, recognizing the need for sophisticated coverage of national and international financial markets, global companies, and cross-border trade, launched China’s first Global Business Journalism Master of Arts degree program in September 2007. The goal is to produce a cadre of business reporters who meet the highest standards of global business reporting. The professional training of future business journalists begins with learning the language for global business communication so that they have the vocabulary for covering hot topics such as corporate finance, mergers and acquisitions, and hedging risks in global capital markets. However, an English financial term or acronym is often translated into a confusing array of words and phrases in Chinese. This English-Chinese Glossary of Financial Terms and Acronyms put together by Merrill Lynch provides students and practitioners with a handy tool. Ultimately, like in technologies and industries, standardization promotes efficiency and brings benefits to all. From the outset, Merrill Lynch, in conjunction with the International Center for Journalists, have offered strong support to the Global Business Journalism program. It is an outstanding example of how universities can team with the financial services industry to provide more training and teaching. On behalf of the Tsinghua School of Journalism and Communication, I want to thank Merrill Lynch for attaching great importance to business journalism education and choosing our school as its partner. Li Xiguang, Executive Dean Tsinghua School of Journalism and Communication

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