的。金融虽然追求的是高收益、高净值的投资获利，但金融的本质还是要为实体 经济的稳健发展提供资金保障，还是要落实到国家建设与发展大计上来。 Properties of Financial Assets 2.基本概念和知识点 ●Asset ·Tangible asset ●Intangible assets ●Issuer ●Investor ●Debt Instrument Equity Claim(residual claim) o Fixed Income Instruments Fundamental Principle of Valuation ●Risk ·Moneyness Divisibility and denomination ●Reversibility ●Term to maturit Liquidity ●Convertibility ●Currency o Cash flow and return predictability ●Complexity ●Tax status 3.问题与应用（能力要求） What's difference between a financial asset and a tangible asset? What's difference between the claims of a debt holder of Ford Motor Corporation and a common stockholder of that? What factors affect the interest rate used to discount the cash flow expected from a financial asset? 第2节Financial Markets 1.主要内容 The Role of Financial Markets Classification of Financial Markets 33 的。金融虽然追求的是高收益、高净值的投资获利，但金融的本质还是要为实体 经济的稳健发展提供资金保障，还是要落实到国家建设与发展大计上来。 ⚫ Properties of Financial Assets 2. 基本概念和知识点 ⚫ Asset ⚫ Tangible asset ⚫ Intangible assets ⚫ Issuer ⚫ Investor ⚫ Debt Instrument ⚫ Equity Claim (residual claim) ⚫ Fixed Income Instruments ⚫ Fundamental Principle of Valuation ⚫ Risk ⚫ Moneyness ⚫ Divisibility and denomination ⚫ Reversibility ⚫ Term to maturity ⚫ Liquidity ⚫ Convertibility ⚫ Currency ⚫ Cash flow and return predictability ⚫ Complexity ⚫ Tax status 3. 问题与应用（能力要求） ⚫ What’s difference between a financial asset and a tangible asset? ⚫ What’s difference between the claims of a debt holder of Ford Motor Corporation and a common stockholder of that? ⚫ What factors affect the interest rate used to discount the cash flow expected from a financial asset? 第 2 节 Financial Markets 1. 主要内容 ⚫ The Role of Financial Markets ⚫ Classification of Financial Markets