(股票市场)or-PowerPointPresenta

TheStockMarket,Aimoflearning:Inthisunit,learnersareexpectedto:-learnthebusinesstermsandexpressionsconcerningsecurities;-thebusinessconceptsconcerningsecuritiesandtheirtrading;-understandhowtodescribecorporateperformanceaccordingtothechangesinitsstockprice.Timerequired:6hours,KEYVOCABULARYAcompanycanraisemoneyonthestockmarket(股票市场）orstockexchange（证券交易所）(amarketplaceforbuyingandsellingshares)intwodifferentways.Itcanissueshares（发行股票）(USstocks),orunitsofitscapital（单位资本）,toinstitutionalinvestors（机构投资者）orthegeneralpublic.Differenttypesofsharesorequities（股份、股票）areavailable,butthemostcommonareknownasordinaryorcommonshares（普通股）(UScommonstock).Whenaninvestorbuysashare,usingtheservicesofaspecialistcompany(专业公司证券公司）orbroker（证券经纪人）,heorshebecomesashareholder（股东）(USstockholder)andownsapartof(orhasastake股本in)acompany.,Shareholderscanmakemoneybyreceivingdividends（红利）,paidasaproportionofacompanysannualprofits（年利润），andwhenthevalueoftheirsharesincreases.Acompanycanalsoborrowmoneyfrominvestorsbyissuingbonds（债券）,loansforfixedperiods(固定期限）withfixedinterestrates（固定利率）.Securities（有价证券）referstobothsharesandbonds.Eachyearbillionsofsharesandbondsaresoldortraded（交易）ontheworldsmajorstockexchanges.,LeadinManycompaniesareauthorised(授权）tousethestockexchange（证券/股票交易所）totradetheirshares.Everyday,thepressgivespricesandotherinformationaboutthesharesoftheselistedcompanies（上市公司）.Readthenewspaperheadlinesonpage77.Ingroups,decidewhethereachonereflectsagoodorpoorperformance（业绩）ofthecompanyssharesonthestockexchange.Example:GENERALCINEMASEES$20MILLIONGAINThesharesofthiscompanyaredoingwellsincetherehasbeenagain.,2.YouwillhearIsobelMendelsontalkingaboutinvestmentsthatshehasmadeonthestockmarketandherreasonsfordoingso.Listentopart1andcompletethetableonpage77.Typesofinvestments:-preferredstockandstockinvarious;-businessgeographicalsectorsReasonsforinvesting:-highreturnsonhighriskinvestment.Listentopart2.Howdoesshecheckonhershares?portfolia,READING1YouaregoingtoreadatextwiththeheadlineEuropeansLogOnToInvestmentFever.Inpairs,discusswhatyouthinkthetextisabout.2Readthetextonpage78andseeifyourideaswerecorrect.,Keywordsinreadinginvestmentfever投资热logon登陆（网站）targettofocuson/payattentiontohookedbeaddictedto/begreatlyattractedaddictionThequalityorconditionofbeingaddicted:入迷，嗜好boomdevelopveryfast快速发展Businessisbooming.surftheinternetbrowsetheinternet浏览网站gainspopularitybecomepopularfinancialproduct金融产品initsinfancyinitsinitialandweakstage处在幼稚期settheirsightsonpayattentionto注意到poseachallengeforsth.formachallengejointventure合资企业licensingagreement许可协议broker经纪人bluechip蓝筹股catchup赶上,securitiesbusiness证券业务underwayintheprocessofdevelopment/changeasingemarket单一市场（指欧洲commonmarket)stocktrade股票交易drivedownprofitmargin压低利润额lucrativepotential有利的novelnew,unusual,新的amounttoreach达到fullservicebrokers经营全部业务的经纪人goingcommission交易佣金forfearof以免securitiesregulator证券管理者individualEuropeanexchange个别的欧洲证券交易所globalmarketplace全球市场nationalboundaries国界long-rangegoal长期的计划lagbehind落后singlecurrency单一货币制,fosterthespreadofstocktrading促进了股票交易的发展Barclaysplc巴克莱银行有限公司fightoff击退、避免real-timesharetradingservice实时股票交易服务AlternativeInvestmentMarket替代投资市场smallbusinessmarket（股市）小企业市场squeeze挤压/打击revolutionreform/innovation改革创新collapsegoingdown/bigfall下降commissionfees代理费、佣金dipaslowas$5fall跌落surfaceappear出现financialservices金融服务,3Readthetextagainandanswerthequestions.1Whyarcmorepeopletaking;minterestinthestockexchange?2WhatwillmakeEuropeanmarket.changemorequickly?3WhydoAmericanon-linetradersoperatinginEuroperestricttheirdealingstoEuropeanexchanges?4HowaretheEuropeantradersreactingtoAmericancompetition?5Whatwillthelong-termeffectonAmericanbrokersbe?,VOCABULARY1.Matchthewordsfromthetextwiththeircorrespondingdefinitions.(page79)Key:2-5ihgj6-10adfcb,2CompletethepassageaboutatransactiononthestockexchangeusingwordsfromKeyVocabularyandVocabulary1.Somewordsmaybeusedmorethanonce.(page79)Keysmission6.shareholder,VOCABULARYDEVELOPMENT:PHASALVERBS1(page80)Keys:b.buyupc.lookingafterd.goaboute.Thinkoverf.pointoutg.callonh.letdown,LANGUAGEFOCUS:Thethirdconditional:Keys:A1thepast2.No3.NoB1thepast2.Yew3.Yes,Writing（P.85)worldtopmakerleadingmanufacturerintheworldcellularphonemobilephonesinadrivetoinattempttodosthpostanetlossdisclosetheinformationinnewspaper(sales)slipfall/decline/decreasefinancialstatement财务报表,liquidity流动性treasurysecurity财政部有价证券bluechip蓝筹股floorbroker场内经纪人settlement交割bullmarket牛市bearmarket熊市weakmarket弱市stockindexfutures股票指数期货futuretransaction期货交易,WhatareStocks&Bonds?股票是股份有限公司在筹集资本时向出资人发行的股份凭证。股票代表着其持有者（即股东）对股份公司的所有权。这种所有权是一种综合权利，如参加股东大会、投票表决、参与公司的重大决策。收取股息或分享红利等。同一类别的每一份股票所代表的公司所有权是相等的。每个股东所拥有的公司所有权份额的大小，取决于其持有的股票数量占公司总股本的比重。股票一般可以通过买卖方式有偿转让，股东能通过股票转让收回其投资，但不能要求公司返还其出资。股东与公司之间的关系不是债权债务关系。股东是公司的所有者，以其出资额为限对公司负有限责任，承担风险，分享收益。,债券是一种有价证券，是社会各类经济主体为筹措资金而向债券投资者出具的，并且承诺按一定利率定期支付利息和到期偿还本金的债券债务凭证。由于债券的利息通常是事先确定的，所以，债券又被称为固定利息证券。债券通常包括以下几个基本要素：1.票面价值；2.价格；3.偿还期限。债券作为一种债券债务凭证，与其他有价证券一样，也是一种虚拟资本，而非真实资本，它是经济运行中实际运用的真实资本的证书。从投资者的角度看，债券具有以下四个特征：1.偿还性；2.流动性；3.安全性；4.收益性。债券的类型：按发行主体分类有：1.政府债券；2.金融债券；3.公司债券；4.国际债券。按偿还期限分类有：1.短期债券；2.中期债券；3.长期债券；4.永久债券。,TypesofStocks按股票持有者可分为国家股、法人股、个人股三种。三者在权利和义务上基本相同。国家股投资资金来自国家，不可转让；法人股投资资金来自企事业单位，必须经中国人民银行批准后才可以转让；个人股投资资金来自个人，可以自由上市流通。按股东的权利可分为普通股、优先股及两者的混合等多种。普通股的收益完全依赖公司盈利的多少，因此风险较大，但享有优先认股、盈余分配、参与经营表决、股票自由转让等权利。优先股(preferredshare)享有优先领取股息和优先得到清偿等优先权利，但股息是事先确定好的，不因公司盈利多少而变化，一般没有投票及表决权，而且公司有权在必要的时间收回。,股票按票面形式可分为有面额、无面额及有记名、无记名四种。有面额股票(parvalueshare)在票面上标注出票面价值，一经上市，其面额往往没有多少实际意义；无面额股票(noparstock)仅标明其占资金总额的比