丛书序（英文版）

As aleader in education and professional excellence in the global finance and investment industry，CFA Institute and its members champion the pursuit ofknowledge and skills required for competent professional practice.In our fastchanging and ever more challenging industry，we owe it our clients to keep up to date on best practices in our industry and apply those to serve their interest.

Thebenefits of continuing education extend beyond individual profe-ssionals.For firms，continuing education among staff promotes better overall risk management.In general，employees'appreciation of risk improves if they have abroad understanding ofwhat is happening in the industry and how it relates to their roles.Stronger firm-level risk management，in turn，helps build amore stable financial system.

That's why we earnestly supported our member society，CFA Society Beijing，with aGrowth Funding award to pursue the translation and publication of aseries of financial and investment books in Chinese，in partnership with the local publisher China Machine Press Hua Zhang.Since its formation in2013，CFA Society Beijing has been consistently delivering highquality continuing education opportunities to our members in Beijing and to the wider financial community.However，the demand from across China is vast and yet to be fulfilled.Through this book series，we hope to reach many more professionals throughout the country.With an eye to support the development of China's financial industry，the editors of this series have carefully curated the content most relevant to Chinese practitioners.Every finance and investment professional in China will find this series is avital addition to their toolkit.

On behalf of CFA Institute，I would like to express my congratulations and gratitude to CFA Society Beijing for undertaking this valuable contribution toward growing the financial body of knowledge in China.Most especially，thank you to the volunteers who contributed precious time and effort to the successful launch of this series.

Paul Smith，CFA

President and CEO

CFA Institute