$B2hA|$,$&$^$/I=<($5$l$J$$J}$O!"(B
$B$3$A$i(B$B$N(BWEB$B%Z!<%8$r$4Mw$/$@$5$$!#(B
GLOBAL INVESTMENT ACADEMY GIA$BDL?.!!(BVol.207
$B<+J,$K9g$C$?Ej;q@oN,$r<+$i:n$j$2$kG/$K!*(B
$B$_$J$5$s!"$3$s$K$A$O!#(B Global Investment Academy$B$ND9C+@n$G$9(B^ ^

$BCY$l$P$;$J$,$i?7G/L@$1$^$7$F$*$a$G$H$&$4$6$$$^$9!*(B

$BK\G/$bJ@pJs$r$*FO$1$7$^$9$N$G!"$I$&$>$h$m$7$/$*4j$$$$$?$7$^$9!#(B

$BF|K\$G$O3FCO$G4($$F|$,B3$$$F$$$^$9$M!#(B $BIw
1$B7n$b@^$jJV$7$G$9$,;d$OAaB.!"F|K\$+$iN%$l$F%?%$$N%P%s%3%/$K$d$C$F;2$j$^$7$?!#(B

$B$$$D$b$*@$OC$K$J$C$F$$$k!"$*5$$KF~$j$N!V$*?);v=h!W$K?7G/$N$40';"$r$7$K9T$/$H!&!&!&!JN^(B

$BB3$-$O!ZJT=88e5-![$K$F(B
$BM=A[$NFq$7$$(B2017$BG/(B
$B$"$J$?$NEj;q%9%?%$%k$O!)(B
$B:#G/$O$I$s$JG/$K$7$F$$$/$+!)(B $B$3$NG/KvG/;O$G%o%/%o%/$9$k$h$&$J7W2h$rC/$b$,N}$C$?$3$H$H;W$$$^$9!#(B

1$B7n(B1$BF|!"J@pJs$r=8$a$F$$$?$@$$$?J}$b$$$i$C$7$c$$$^$9!*(B

$BJ!B^4k2h$r$-$C$+$1$K3$30$NJY6/2q$N$4;22C$N$*?=$79~$_$b$$$?$@$-!"(B2017$BG/$b3$30Ej;qJY6/2q$rC4Ev$9$k;d$H$7$F$OG/;O$+$i5$9g$NF~$kKhF|$r2a$4$5$;$F$$$?$@$$$F$*$j$^$9(B^ ^

$B:#G/;d$OB-85$r8G$a!"96$a$K$D$J$,$k
$B3'MM$b$*9M$($NDL$j(B2017$BG/$bJQ2=$KIY$s$@0lG/$K$J$j$=$&$G$9$M!#(B

$B8D?ME*$K;W$C$F$$$k$3$H$G$9$,!"(B2016$BG/$H(B2017$BG/$N0c$$$O(B$B!V2?$,5/$-$F$b$*$+$7$/$J$$!W(B$B$H$$$&$3$H$rB?$/$N?M$,<+J,$4$H$G$h$jM}2r$7$FEj;q$rA*Br$7$F$$$/$3$H$K$J$k$H;W$C$F$$$^$9!#!JEvA3$9$.$F$*CQ$:$+$7$$$G$9$,(B^ ^$B!(!K(B

2016$BG/$O(B

2$B7n!'F|6d%^%$%J%96bMxF3F~(B
6$B7n!'%V%l%0%8%C%H(B
11$B7n!'%H%i%s%W;a$NJF9qBgE}NNA*EvA*(B


$B$J$I!"B?$/$N?M$,(B$B!VL5$$2DG=@-$NJ}$,9b$$!W(B$B$H;W$C$F$$$?$3$H$,!"38$r3+$1$?$i$R$C$/$jJV$5$l$F$$$k!"!"$H$$$&$3$H$,N)$FB3$1$KH/@8$7$^$7$?!#(B

$BEj;q$r$9$kJ}$O$I$J$?$b(B$B!VEj;q$K@dBP$O%J%$!W(B$B$HM}2r$7$F$$$k$O$:$G$9$,!"$=$NCf$G$"$C$F$b6C$-$r46$8$??M$OB?$+$C$?$O$:$G$9!#(B

2017$BG/$OB?$/$N?M$,!V2?$,5/$-$F$b$*$+$7$/$J$$!W$H$$$&$3$H$r<+J,$4$H$GM}2r$7$FEj;q$rA*Br$7$F9T$/G/$K$J$k$H;W$$$^$9!#(B

$B$=$NCf$G$O!"96$a$NEj;q$r$7$D$D!"K|$,0l$N>l9g$K$bB;<:$r>.$5$/$9$k!"$b$7$/$O!"5U$K96$a$H$7$FBP1~$G$-$k!"$H$$$&$h$&$J7A$r0U<1$7$F9T$&>l9g$,B?$/!"$^$?$=$N$h$&$JEj;q$,9%$^$l$F$/$k$H46$8$F$$$^$9!#(B

$B$7$+$7$3$N%9%?%$%k$O!"@N$+$i=EMW$H$5$l$F$$$?%9%?%$%k$G$"$jJ@
$B;d8D?ME*$J:#G/(B1$BG/$NF0$-$H$7$F$b!"3'MM$K$*EA$($7$F9T$/$b$N$H$7$F$b!"$3$NItJ,$r=EMW$J$b$N$H$7$F(B2017$BG/F0$$$F$$$-$^$9(B^ ^
$B:3:Y$J$H$3$m$K$b!V$[$3$m$S!W$,!*!)(B
$B$3$s$J!V
$BAaB.$G$9$,(B$B!V$B$H$$$&ItJ,$K$*$$$F!"B?$/$NJ}$,$^$:$O5^$.3NG'$r$7$F$*$/I,MW$N$"$k$3$H$,$"$j$^$9!#(B $B$3$A$i$NGD0.$HBP:v$O=*$o$C$F$$$^$9$+!)!)(B

2016$BG/(B12$B7n$K!"(B2017$BG/$+$i%9%?!<%H$9$k!"(BCRS$B$K$D$$$F$N%;%_%J!<$r3+:E$7$^$7$?!#(B
CRS$B$H$O!";22C$r$9$k(B100$B$rD6$($k9q!9$N9q@G$N4V$G!"$=$N9q$NHs5o=;pJs$r3:Ev9q$N9q@G$KDs6!$9$k@)EY$G$9!#(B

$B3$30;q;:$NBg>.$K4X78$O$"$j$^$;$s!#(B

$B3$308}:B$r3+@_$7$F$$$kJ}!"3$30$ND94|@QN)$rMxMQ$7$F$$$kJ}$O$+$J$jB?$$$H;W$$$^$9$,!"$3$l$i$NJ}!9$K$O3N
CRS$B$N%9%?!<%H$K$"$?$C$F$O!"F|K\?M$N8}:BJ]M-
$B:G6a$O!"8D?ML>5A$N8}:B$r6&F1L>5A$KJQ99$9$kJ}$b$$$i$C$7$c$$$^$9$,!"$=$N
$B$3$NN.$l$r5b$`$H!":#8e!"8}:B3+@_$r40N;$7$F$$$kJ}$b%^%$%J%s%P!<$NEPO?$r5a$a$i$l$k$N$G$O$J$$$+$H9M$($F$$$^$9!#(BHSBC$B9a9A$+$i$NM9JXJ*!"%a!<%k!"EEOC$K$O==J,$KCm0U$r$7$F$*$$$F$/$@$5$$!#(B

$B$3$l$O$b$A$m$s(BHSBC$B9a9A$K8B$C$?$3$H$G$O$"$j$^$;$s!#(B

$B4{$K!"3$30$NJ]812q
$B!&%a!<%k%"%I%l%9$OJQ99$K$J$C$F$$$^$;$s$+!)(B
$B!&EEOCHV9f$OJQ99$K$J$C$F$$$^$;$s$+!)(B
$B!&=;=j$OJQ99$K$J$C$F$$$^$;$s$+!)(B


$B$*?4Ev$?$j$N$"$k>l9g!"(B
$BEPO?>u67$r:#0lEY3NG'$7$F$*$$$F$/$@$5$$$M!*(B

$BEj;q$r7h$a$F
$B>pJs$r
$B!&EPO?$NKu>C(B
$B!&%m%0%$%s$G$-$J$$(B
$B!&8}:B$,E`7k(B
$B!&0z$-Mn$H$7$,;_$^$j7@Ls$,=*N;(B


$B$J$I$J$I!":3:Y$J$3$H$G;q;:$,$3$\$lMn$A$F$$$/$3$H$K$D$J$,$j$^$9!#(B

CRS$BBP:v$G3F9q$,F0$/Cf$G$O!"$3$&$$$C$?O"Mm$,FO$/$3$H$b$"$j$^$9$+$i!"O3$l$J$/EPO?3NG'!&BP1~$r9T$&$3$H$K$h$C$FBg@Z$J;q;:$r
$BEj;q2H$K$H$C$FI,MW$J$3$H$H$O!)(B
$B<+J,$rCN$j!"%+%9%?%^%$%:$G$-$k<+J,$K!*(B
CRS$B$,=gD4$K?;F)$7$F$$$/$H!"$?$H$(3$30$G$"$C$F$b3'$5$s$N;q;:>u67$OE{H4$1$K$J$k$H6/$/G'<1$7$F$*$/I,MW$,$"$j$^$9!#!J$3$l$^$G$b$=$&$G$O$"$j$^$7$?$,!K(B

$B$3$&$$$C$?Cf!"(B2017$BG/$+$i$N3$30Ej;q$G$OFC$K(B

$B!&%k!<%k$KB'$C$??=9p$dG<@G(B
$B!&<+J,<+?H$N%K!<%:$K$*$$$F$I$&;H$($k$+!)(B
$B!&=P8}@oN,$r$I$&9M$($k$+!)(B


$B$J$I!"CO$KB-$N$D$$$?;q;:1?MQ!&3$30Ej;q@oN,$,$h$j7g$+$;$J$$$b$N$H$J$j$^$9!#$3$l$i$OJ@
$B3$30$K$OF|K\$G$O
$B$=$N
$B0l8}$K3$30$NDj4|MB6b$H$$$C$F$b!"$=$N?M$NMM!9$J>r7o$K$h$C$F!"9q!"MBF~3[!"4|4V!"6bMx!"@oN,$,0[$J$j$^$9!#(B

$B%;%_%J!<$d%l%]!<%H!"%a%k%^%,$J$I$G$OBP>]$H$J$kJ}$,I}9-$/!";~4V$dJ8;z?t$J$I$N@)8B$,$"$k$,0Y!"0lHLE*$J$*OC$K@0M}$5$l$k$3$H$,IaDL$G$9!#(B

$B$7$+$7$J$,$i!"8D?M$N%K!<%:$dL\E*$NC#@.K!$O!";q;:>u67!"2HB29=@.!"G/Np!";E;v$Nu67!"8[MQ7ABV!";q;:$N
$B!&<+J,<+?H$N%K!<%:$K$*$$$F$I$&;H$($k$+!)(B
$B!&=P8}@oN,$r$I$&9M$($k$+!)(B


$B$H$$$&ItJ,$rH=CG$9$k$N$K$^$:NO$rF~$l$kI,MW$,$"$k$H$$$&J}$bB?$$$N$G$O$J$$$G$7$g$&$+!#(B
$B$=$s$J2r7h$N>l$K$b$J$k$N$,(B
$B3$30$G3+:E$9$k!V3$30Ej;qJY6/2q!W(B
$B$=$3$G$3$N(B2017$BG/$b!"l$H$7$F!"3'MM$4<+?H$NL\$H<*$HH)$G8=CO$N3$30Ej;q$K?($l$F$$$?$@$1$k(B$B!V3$30Ej;qJY6/2q!W(B$B$r3+:E$7$F$$$-$^$9!#(B

2017$BG/$O!"(B$B9a9A!&Cf9q!"%m%7%"!"%b%s%4%k(B$B$G$N3+:E$rM=Dj$7$F$$$^$9!#(B
$B3$30Ej;qJY6/2q$O8=CO$NEj;q0F7o$HMm$a$F3+:E$7$^$9$+$i!"
$BEj;q>&IJ$K$O(B5$BG/!"(B15$BG/!"(B20$BG/$J$I7@Ls4|4V$,7h$^$C$F$$$^$9!#(B
$B$=$N>&IJ$,L%NOE*$@$H;W$C$?$H$7$F$b!"(B5$BG/8e$KM_$7$$;q6b$N$?$a$K(B15$BG/$N>&IJ$rMxMQ$9$k$3$H$OL\E*$K3p$$$^$;$s!#(B

$BL\E*$K9g$o$J$+$C$?>l9g$O!"IaDL$O$=$NEj;q$rCGG0$9$k$3$H$K$J$j$^$9$,!"(B
$BD>@\$ND$NCf$G!"(B

5$BG/8e$KMx1W$r3NDj$G$-$kJL$N;HMQK!$,$"$k$N$G$O$J$$$+!)(B
$B;YJ'$$J}K!$rJQ$($k$3$H$G!"$h$j9%>r7o$r0z$-=P$;$k$N$G$O$J$$$+!)(B

$B$J$I!"%;%_%J!<$J$I$G>R2p$5$l$F$$$J$+$C$?JL$NA*Br;h$r!"BPLL$G$N
$B3$30Ej;qJY6/2q$O!"3'$5$s<+?H$,Ej;q$Nl$K$J$j$^$9!#(B

$B$=$7$F$=$ND$,!"$=$NZ$^$G$G$-$k!"$h$j>pJs$r
2017$BG/JY6/2q!'G/4V%9%1%8%e!<%k(B
1$B2s$N;22C$,:#8e$K$D$J$,$kBg$-$J7P83$K!*(B
$BF|K\@/I\$dF|6d$,!"G/(B2$B!s$N%$%s%U%l$r5/$3$9$H4hD%$C$F$/$l$F$$$^$9!#(B
$B!J@.2L$OK'$7$/$"$j$^$;$s$,!K(B

$B$3$l$,u0];}$9$i:$Fq$K$J$j$^$9!#(B

$BF|K\9qFb$GBg$-$J1?MQ@.2L$r=P$7$F$$$/$3$H$,MF0W$G$O$J$$>uBV$G$9$+$i!"3$30$G$NEj;q$OBg@Z$JA*Br;h$K>e$,$j$^$9!#(B

$B8=CO$KF~$j!"<+J,<+?H$K$H$C$F$N>pJs$r
2017$BG/$N3$30Ej;qJY6/2q$O!"(B8$B!A(B11$B2s$N3+:E$rM=Dj$7$F$$$^$9(B^ ^

$B!&9a9AJY6/2q!'(B4$B2s!J(B2$B7n!"(B5$B7n!"(B9$B7n!"(B12$B7n!K(B
$B!&Cf9qJY6/2q!'(B1$B2s!A(B4$B2s!J(B2$B7n!"(B5$B7n!&(B9$B7n!&(B12$B7nM=Dj!K(B
$B!&%m%7%"JY6/2q!'(B2$B2s!J(B6$B7n!&(B10$B7nM=Dj!K(B
$B!&%b%s%4%kJY6/2q!'(B1$B2s!J(B6$B7nCf=\!A(B7$B7n>e=\M=Dj!K(B


$BFC$K%m%7%"JY6/2q$O$H$K$+$/$_$J$5$s$N4X?4$,9b$$$N$G!"(B11$B7n3+:E$7$?;~$NF02h$r:n@.$7$^$7$?(B^ ^ $B$<$R$4Mw$/$@$5$$!v(B
$B@$3&$GMM!9$J=PMh;v$,5/$-!"9qF1;N$,O"7H$r?<$a$F4IM}BN@)$rI_$$$F9T$/:#$O!"3X$S$H7P83$r=<e$G$bNI$$%?%$%_%s%0$G$9!#(B

$B3$30$G$NJY6/2q$N>l$r!"B-85$r8G$a!"96$a$K$D$J$,$kl$H$7$F$<$R$43hMQ$/$@$5$$!#(B

2017$BG/$b$I$&$>$*3Z$7$_$K(B^ ^$B!*!*(B
$BJT=88e5-(B
$B$$$D$b$*5$$KF~$j$G!V$*Ck$bLk$bDL$C$F$^$9!*!W$H$$$&$/$i$$?)$Y$K9T$C$F$$$?$*E9$,!"(B

$B$J$s$H!&!&L5$/$J$C$F$$$^$7$?-t(B($B!,'%!,(B)!!

$B%]%+!
$BF|K\?M8fMQC#$NL!2h$,(B10,000$B:}0J>eCV$$$F$"$kL!2h9%$-!"F|K\$N$*JF9%$-$K$O$?$^$i$J$$?4$N$h$j$I$3$m$,(B($B!-!('%!((B`)

$B$G$b!"JL$l$,$"$l$P$=$NJ,!"?7$7$$=P2q$$$b$d$C$F$-$^$9$h$M!*(B

$BBg9%$-$J$*?);v=h$N8e$K$O?7$7$$$*E9$,1D6H$r;O$a$F$$$^$9(B^ ^

$B:#EY$O$3$N?7$7$$$*E9$H$N=P2q$$$rBg;v$K$7$J$,$iNI$$;E;v$r$G$-$k$h$&$K
2017$BG/$b$I$&$>$h$m$7$/$*4j$$$$$?$7$^$9!*(B
$B0J>e!":#2s$b:G8e$^$G$*FI$_$$$?$@$-!"@?$K$"$j$,$H$&$4$6$$$^$7$?!#(B
$B$=$l$G$O!"
$B"(K\%a!<%k$NFbMF$O;vA0$N=qLL$K$h$k5v2D$J$/J#@=!"J#:\!"E>Aw$9$k;v$r6X$8$^$9!#(B
$B"(K\%a!<%k$O!"Ej;q$K$46=L#$r;}$C$FD:$$$?J}$KFCJL$K$*Aw$j$7$F$$$k%a%k%^%,$G!"Ej;q3X=,MQ$K:n@.$5$l$F$$$^$9!#(B
$B!!5-:\$5$l$F$$$kFbMF$O!">pJs$NDs6!$rL\E*$H$7$?$b$N$G$"$j!"Ej;q$N4+M6$rL\E*$H$9$k$b$N$G$O$"$j$^$;$s!#(B
$B"($4>R2p$7$F$$$k;vNc$d?tCM!";T>lF08~$N8+DL$7$J$I$O!"$3$NJ8>O$r=q$$$?;~E@$G$N?tCM$r85$K$7$?;29MNc$G$"$j!"(B
$B!!>-Mh$NMx2s$j$d1?MQ@.2L!";T>l4D6-$NJQF0Ey$rJ]>Z$9$k$b$N$G$O$"$j$^$;$s(B
$B%P%C%/%J%s%P!<$O$3$A$i(B
$B%a!<%k%"%I%l%9$NJQ99(B$B!C(B$BG[?.2r=|(B$B!C(B$BMxMQ5,Ls(B$B!C(B$B8D?M>pJsJ]8n$NJ}?K(B$B!C(B$B$*Ld$$9g$o$;(B

$B"(%a!<%k%^%,%8%sG[?.@_Dj8e$KB`2q$5$l$?>l9g!"B`2qEvF|!"$^$?$OMbF|$K%a!<%k$,FO$/>l9g$,$"$j$^$9!#(B
$B2?B4$4N;>5$/$@$5$$!#(B

Global Investment Academy
Rm.804, Boss Commercial Centre, 28 Ferry Street, Jordan, Kowloon, Hong Kong
info@academy-global-investment.com

Copyright(C) GLOBAL INVESTMENT ACADEMY All Rights Reserved.

$B$3$N%a!<%k$O(BGIA$BDL?.(B$B$KEPO?$5$l$?J}$K$*Aw$j$7$F$*$j$^$9!#(B