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2013.7.1

20131

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hfj-sh@cfa-china.org.cn
CFA China

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13

19

25

33

38

41

45

GIPS
48

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CFACEO
John Rogers, CFA

CFA
CFA
CFA
CFA

CFA

,CFA

From: John Rogers, CFA

President and CEO
CFA Institute
Congratulations on your inaugural issue!
At CFA Institute, we believe that every professional has a role to play
in shaping the future of finance. We are delighted to see this displayed
here with the launch of CFA China Magazine. What began as one CFA
Institute members bold idea has been embraced by many like-minded
professionals in Shanghai and Beijing. This is our first Chinese language
publication and as such marks a significant milestone on the globalization
of CFA Institute.
We are proud to partner with you to bring CFA Institutes renowned
educational content in Chinese to our members and the wider investment
industry in mainland China. We are pleased with the support given to this
publication by industry leaders, employers, and fellow practitioners.
As the global economic and financial center shifts toward Asia, we
hope that this venture will contribute toward Chinas capital markets development and raise the standards of practice across our profession.

CFA
Paul Smith
CFA

CFA

,CFA

From: Paul Smith, CFA

Managing Director, Asia Pacific
CFA Institute
Warmest congratulations to everyone who helped put together the
first issue of CFA China Magazine. We are impressed at the speed at
which your group has pushed this project forward in just six months! It
has been a tremendous effort from all concerned. My thanks also go to
the staff at CFA Institute who also played a significant part in pushing this
initiative forward.
The work of volunteers like you serves as a driving force behind our
mission. We hope that this publication will not only satisfy the demand for
reliable, practice-based, and in-depth investment and financial content in
China, but will also act as a springboard for great ideas and fresh viewpoints on how we can advance our mission to shape a global investment
industry that serves societys needs.
We wish you every success in your forthcoming issues.

Maha Khan Phillips

CFA Institute Magazine, January/February 2013

http://www.cfapubs.org/doi/pdf/10.2469/cfm.v24.n1.9
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102002

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Jonathan Barnes
CFA Institute Magazine, March/April 2013
http://www.cfapubs.org/doi/pdf/10.2469/cfm.v24.n2.7
Robert Arnott, Chairman and CEO of Research Affiliates
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Eugene F. FamaUniversity of Chicago Booth School of
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Robert Litterman
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April 20024637659
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427465
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New York: Farrar, Straus and Giroux 2011
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2007

1 Fischer BlackMichael JensenMyron Scholes

The Capital Asset Pricing Model: Some Empirical Tests, in Studies in the Theory of Capital MarketsMichael JensenNew York: Praeger
Publishers1972
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Basic Books1976
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32


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GIPS
CFA,CIPM,CAIA
Director of GIPS,Asia Pacific Region()
CFA Institute()

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Nianhang Xu/Kam C. Chan/Kam C. Chan

Xuanyu Jiang/Zhihong Yi/Nianhang XuXuanyu JiangZhihong Yi
Journal of Banking & Finance, Vol. 37, No. 1 (January 2013):89102
http://www.sciencedirect.com/science/article/pii/S0378426612002361
Butt Man-Kit, CFA CFA Digest, February 2013, Vol. 43, No. 1:4547
http://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.50 CFA

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Javier Estrada/Javier Estrada IESE
Journal of Applied Corporate Finance, Vol. 24, No. 3 (Summer 2012):1925
http://onlinelibrary.wiley.com/doi/10.1111/j.1745-6622.2012.00386.x/abstract;jsessionid=B1D8023E0F18CC7E730D
F55BEB218E97.d03t01 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2161184
Natalie Schoon, CFA CFA Digest, February 2013, Vol. 43, No. 1:6567
http://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.31

1
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55

Adam L. Aiken, CFA Christopher P. Clifford Jesse Ellis

Review of Financial Studies, Vol. 26, No. 1 (January 2013): 208-243
Lee Kher Sheng, CFA
CFA Digest February 2013, Vol. 43, No. 1: 78-81
p://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.42

FOF

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Journal of Portfolio Management, Vol. 39, No. 1 (Fall 2012): 19-29
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2034858
Mark K. Bhasin, CFABasis Investment Group LLC CFA Digest February 2013, Vol. 43, No. 1: 121123
http://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.51 ,CFA

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Linda Allen, Linda Allen Turan G.Bali/Turan G. Bali Yi Tang/Yi Tang

Review of Financial Studies, Vol.25, No.10 (October 2012):3000-3036
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CFA Digest February 2013, Vol. 43, No. 1: 2629 http://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.47
http://www.cfapubs.org/doi/full/10.2469/dig.v43.n1.47

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61

The Federal Reserve and the Financial Crisis By Ben S. Bernanke

Princeton University Press, 2013, www.pup.princeton.edu
Amazonhttp://amzn.com/0691158738
Reviewed by Marc L. Ross, CFA
Book Review Editor Martin S. Fridson, CFANew England Financial
FAJ Book Reviews, 2013: http://www.cfapubs.org/doi/full/10.2469/br.v8.n1.9

100

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20123

14

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20072009

63

Hedge Fund Market Wizards: How Winning Traders Win. 2012. By Jack D. Schwager,
John Wiley & Sons, Inc., www.wiley.com.
Amazon: http://amzn.com/1118273044
Reviewed by Mark S. Rzepczynski
Book Review Editor: Martin S. Fridson, CFA
http://www.cfapubs.org/doi/full/10.2469/br.v8.n1.10 :

64

Schwager

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Joel Greenblatt, Ray Dalio,

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66

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Daniel Kahneman

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Institute)

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hfj-sh@cfa-china.org.cn

1.
2.
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hfj-sh@cfa-china.org.cn
hfj-sh@cfa-china.org.cn

68