(直接支帳付款指示)

1、Introductory Commerce 2 (3rd edition)Reprint with minor amendmentsThe table below shows major changes that have been made in the Introductory Commerce 2 (3rd edition) Reprint with minor amendments 2005.SectionsPagesParagraphs / FiguresMajor changes made4Paragraph 4(line 1) A direct debit instruction

2、 (直接支帳付款指示) is an 5HeadingEPSEPS (易辦事) is a means by using their Automatic Teller Machine (ATM) cards or credit cards with ATM functions.Margin noteEPS is a means of payment or a credit card with ATM functions.6PPS Service(lines 6-7)By January 2005, more than 300 companies and organisations had join

3、ed PPS 7Paragraph 2(line 12) Philippines, Canada, Japan, Indonesia and Nepal.10Newspaper cuttingInformation about credit card bad debts has been updated.11Paragraph 1(lines 6-7)No approval is required from the card issuer. Amount of spending is limited to the unused value of the card.Paragraph 2(lin

4、e 1)Octopus cards are widely used in daily life for low-value transactions, such as Think pad 2New question: no. 414Paragraph 1A cheque can be classified as an open cheque (無(wú)劃線支票), a bearer cheque (來(lái)人支票), an order cheque (記名支票) or a crossed cheque (劃線支票). Open cheques, bearer cheques and order chequ

5、es are types of uncrossed cheques (未劃線支票).Paragraph 3(lines 1-2)When a cheque is crossed with the term Account Payee Only (只限存入抬頭人帳戶),15Table (Bearer cheque) Anyone can cash it at the drawers bank.16HeadingRejected and Dishonoured ChequeDishonoured Cheque (paragraph 1 line 3) to the drawer stating t

6、he reason why the cheque is being dishonoured.17Think pad 3New question: no. 119-21Licensed Bank, Restricted Licence Bank, Deposit-taking CompanyTotal number and examples of licensed banks, restricted licence banks and deposit-taking companies have been updated.21Deposit-taking Company Accept only t

7、ime deposits with an initial maturity of at least three months from the public23Business loan(line 6)syndicate loans has changed to syndicated loans.Business loan(lines 8-9)Governments may use these loans to finance infrastructure projects.Personal loan(lines 2-5)Banks may require borrowers to provi

8、de proof of income and to authorise the banks to deduct instalment payments from their bank accounts at regular intervals.25Fig. 25New photo27Paragraph 1(lines 8-9)Banks receive commissions on the sale of investment products to their customers.29Paragraph 2(lines 5-6)In terms of size, it now ranks s

9、econd in Hong Kong after the Hongkong and Shanghai Banking Corporation Limited.Paragraph 4(lines 6-8)Other types of services provided by banks have been introduced.Paragraph 5Personal renminbi businesses provided by banks in Hong Kong have been discussed.Margin noteAbout CEPA has been added.30Paragr

10、aph 1(lines 1-3)At the end of December 2004, a total of 186 overseas banks and financial institutions from 31 countries were doing business in Hong Kong,Paragraph 6(lines 2-3)For example, the profits tax rate in Hong Kong is 16-17.5% (for the year 2004-05) 31Think pad 4New question: no. 432-33Revisi

11、on ZoneShort Questions have been replaced by Multiple Choice Questions.34HKCEE QuestionsA new HKCEE question has been added.37Boosting credibilityThis paragraph has been revised.39Paragraph 3(lines 3-4)Investors may also seek investment advice from their stockbrokers.Paragraph 4Shares in the market

12、are generally transacted in board lots (完整買(mǎi)賣(mài)單位). For example, Cheung Kong (Holdings) (長(zhǎng)江實(shí)業(yè)集團(tuán)) shares have a board lot size of 1,000 shares.41Paragraph 1(lines 4-5)Now investors can directly conduct their own securities trading through the Internet, telephone, etc.Paragraph 2(lines 3-5) the second tr

13、ading day following the transaction date pay the brokerage commission (經(jīng)紀(jì)傭金), stamp duty (印花稅), transaction levy (交易徵費(fèi)), etc.433. Floor trading (lines 5-7)With the introduction of AMS/3, the importance of floor trading has been much reduced and accounts for about 5% of trading volume only.44Margin n

14、oteAbout CEPA has been added.45Appreciation in the market value of the sharesThis paragraph has been revised.473. Participating preference shares (lines 2-3) and a further dividend if ordinary shareholders are paid dividends above a stated amount.4. Convertible preference shares (lines 2-3)They enab

15、le holders to exchange their shares during specified periods for a predetermined number of ordinary shares.48-49Red chips, H sharesThe concepts of red chips and H shares have been clarified for a better understanding.50Paragraph 1(lines 1-2) the ownership interests of the original shareholders will

16、be diluted.Paragraph 2(line 4)The conversion ratio is one warrant for one share.52Paragraph 3Examples of companies that issue bonds have been updated.Government bondsContents about government bonds have been revised.53Fig. 18 (From the viewpoint of the issuer) except redeemable preference shares* an

17、d except convertible preference shares have been added. explanation of redeemable preference shares has been added.54Paragraph 1(lines 1-2)At the end of January 2005,there were eight unit trusts and mutual funds traded on the stock exchange in Hong Kong.Think pad 2New question: no. 2552. Offer for s

18、ubscriptionOffer for subscription (發(fā)售以供認(rèn)購(gòu)公開(kāi)認(rèn)購(gòu)) Newspaper cuttingA news about a company to be listed on the HKEx has been added.566. Consideration issue交易發(fā)行has changed to代價(jià)發(fā)行.7. Introduction介紹has changed to介紹上市.8. Open offerContents about prospectus have been revised.57Paragraph 2(lines 2-3) for subm

19、ission to the Companies Registry, the Securities and Futures Commission and HKEx.59Think pad 3New question: no. 260Paragraph 5(lines 1-2)The amount of dividend paid by a company will affect the price of the its shares 61Paragraph 1Price-earning ratio has changed to Price-earnings ratio.P/E ratio = M

20、argin notes A margin note reminding students that the earnings per share to calculate P/E ratio can either be last years actual or the current years estimate has been added. A margin note has been added to explain another use of the P/E ratio.63Paragraph 2(line 5) is said to be covering his/her shor

21、t position (補(bǔ)倉(cāng)平倉(cāng))Paragraph 3(lines 2-3)As of January 2005, investors could only short sell 229 securities.64Last paragraphThe speculator has to meet margin calls if the share price falls below specified levels. Otherwise the stockbroker will sell the shares and the speculator will be required to mak

22、e up any shortfalls.65Hang Seng Index(Paragraph 1) The Hang Seng Index selection criteria have been added. The Hang Seng sub-indices have been introduced.Hang Seng Index(Paragraph 3)The Hang Seng Index is calculated first by dividing todays closing aggregate market capitalisation value 33 stocks on

23、the previous trading day closing index of the previous day.66EquationHSI =× Fig. 27Transactions of Hang Seng Index have been updated.67Fig. 28The graph showing changes in Hang Seng Index has been updated.68Paragraph 3(lines 6-7) while the launch dates of the remaining three indices have not yet

24、 be determined.70-71Hang Seng Index FuturesContents about Hang Seng Index Futures have been revised.712. Provision of information (lines 2-3) to the spot price (現(xiàn)貨價(jià)格), that is, the price available for immediate sale and delivery.3. Profit-makingThis paragraph has been revised.72HeadingThe Monitoring

25、 of the Securities and Futures Markets76-77Revision ZoneShort Questions have been replaced by Multiple Choice Questions.78-79HKCEE QuestionsNew HKCEE questions have been added.86Paragraph 2(lines 3-4) with around 271 vehicles per kilometer of road in December 2003.Paragraph 3New examples of highways

26、 have been introduced.87Margin noteAbout CEPA has been added.89Feature ClipNew photo: Fig. 10902. East Rail and West RailEast Rail and West Rail have been introduced.3. Light Rail(lines 3-4) and also become a feeder (接駁交通工具) for West Rail which started operation in December 2003.92Think pad 2New que

27、stion: no. 293Paragraph 1Bulk carriers (散貨船) 95Paragraph 1(lines 1-3) having handled million TEUs in 2004.Paragraph 2(lines 1-2)Container ships can use any of the nine container terminals in Kwai Chung and Tsing Yi.97Licensed airlinesFour airlines are licensed in Hong Kong Air Hong Kong and CR Airwa

28、ys.98Air cargo services two air cargo terminals (航空貨運(yùn)站) and express cargo terminal (速遞貨運(yùn)站) the Marine Cargo Terminal (海運(yùn)碼頭) Newspaper cuttingNews about Hong Kong International Airport has been added.99Think pad 3New question: no. 3101Feature Clip(Paragraph 1 lines 4-5)In 2004, the throughput more th

29、an 28%, much higher than the 11.2% increase recorded by Hong Kong.102Cross-border TrafficRecent developments of cross-border traffic between Hong Kong and the mainland of China have been revised.103Case FileContents about the Hong Kong-Zhuhai-Macau Bridge have been revised. The map showing the plann

30、ed bridge has been updated.105- 106Recent Developments in TransportRecent developments in railway, road, sea and air transport have been introduced.Margin notesAbout CEPA have been added.Fig. 24New photoFig. 25The map showing transport links in Hong Kong has been revised.107Case FileAbout CEPA has b

31、een added.108- 109Case File Contents and the map illustrating transport links to Hong Kong Disneyland have been revised. New photos: Fig. 28-29111Revision ZoneShort Questions have been replaced by Multiple Choice Questions.112HKCEE QuestionsA new HKCEE question has been added.118Fig. 6trade declarat

32、ion service has been added in postal communications.119Paragraph 1(lines 3-5)In December 2004, there were 131 post offices in Hong Kong and Hongkong Post handled about million items of mail each day in 2003.a. Inland mail(lines 4-5)In 2003, Hongkong Post handled billion items of local mail.120b. Ove

33、rseas mail(lines 6-7)In 2003, Hongkong Post handled 185 million items of overseas mail.Last paragraph(line 4) within half a working day.121Paragraph 1(lines 6-7) is available to over 210 destinations in the world Paragraph 2(line 2)This service is only available to overseas countries.Paragraph 3Fran

34、king machine (自動(dòng)郵資蓋印機(jī))122Paragraph 2(line 3) Canada, Japan, Indonesia and Nepal.Last paragraphPrivate post office box123Paragraph 2Trade declaration service provided by Hongkong Post has been introduced.124Paragraph 1(lines 2-3) installed in the General Post Office and the International Mail Centre.

35、125Margin noteAbout CEPA has been added.126Paragraph 1This paragraph about local FTNS has been revised.International Direct Dialling (lines 2-4)In 2004, IDD service was available for making calls to 233 overseas countries or regions.128Fig. 21New photo129Mobile Phones (Paragraph 1) In October 2004,

36、the number of mobile phone users in Hong Kong reached 8 million, representing 117.1% of the population. Companies providing cellular phone services have been revised.130Paragraph 1(lines 7-8)In January 2004, 3G service was introduced in Hong Kong.Fig. 25New photo132a. VideoLinkContents about VideoLi

37、nk (活現(xiàn)玲) provided by PCCW have been revised.Advantages of video link Management staff can reduce the frequency of overseas trips and increase their work efficiency.133Think pad 4New questions: no. 2 and 3135Case File(Paragraph 1 line 6)(Paragraph 2 lines 1-2) deliver items to 21 major Asia Pacific c

38、ities FedEx owns 645 aircraft and 42,000 vehicles handles over million items every day.137Disadvantages of electronic mail Only people using electronic devices, e.g. computers can receive e-mail messages.1381. TelevisionContents about TV services provided in Hong Kong have been revised.139Paragraph

39、1(lines 1-2)At the end of 2003, the Hong Kong press comprised 28 Chinese-language dailies and 11 English-language dailies.1401. Hongkong Post e-CertContents about Hongkong Post e-Cert have been revised.141Fig. 38New photo143Think pad 5New question: no. 1145Revision ZoneShort Questions have been repl

40、aced by Multiple Choice Questions.146HKCEE QuestionsNew HKCEE questions have been added.149Margin noteInsurance is a means by which risks are transferred to an insurer in return for payment of premiums. An insurer will give financial compensation for any loss or damage that may occur as a result of

41、materialisation of risks.153Paragraph 1An insurance company usually accepts risks of those incidents whose chances of occurrence and the compensation amount can be calculated.Sub-heading1. Predictable (可預(yù)測(cè)性)Fig. 6Statistics of various risks have been updated.154Sub-heading2. Measurable (可衡量)156Think

42、 pad 2New question: no. 3157Paragraph 1(lines 3-4)This type of insurance is called key employee life insurance (關(guān)鍵僱員人壽保險(xiǎn)).Paragraph 2(line 1)Utmost good faith (最高誠(chéng)信具最高誠(chéng)意絕對(duì)真確) 158a. Contributiona. Contribution (分?jǐn)?1594. Proximate causeProximate cause (近因) means that resulting directly from the materi

43、alisation of the risk insured against.160Margin noteTotal number of insurance agents and insurance brokers in Hong Kong have been updated.161Margin noteTotal number of insurance companies in Hong Kong has been updated.1623. Issuing a policy (lines 3-4) cover note (暫保單) to cover the risk until an off

44、icial insurance policy document can be prepared and delivered to the insured.1631. Reinsurance1. Reinsurance (再保險(xiǎn)): occurs when insurers insure all or part of the risk they cover with other insurers. This gives insurers a full or partial protection of the cover that they provide to the insured.167-

45、1691. Motor insuranceContents about motor insurance have been revised.1704. Credit insurance(lines 5-7) arising from commercial and political events. It also provides advice to exporters on the granting of credit to buyers and helps the insured solve debt collection problems.170- 171Marine InsuranceDifferent types of marine