BEIJING, April 16 – Merrill Lynch, in conjunction with Tsinghua University, has launched a Glossary of Financial Terms and Acronyms. The English-Chinese glossary is a useful tool for journalists and students alike.

The reform and opening up of China since the late 1970s has ushered in an era of fast growth of business reporting in the news media. As the Chinese economy becomes more integrated with the world economy, in-depth, professional business reporting has become essential for the investment communities in China and abroad.

The professional training of future business journalists begins with learning the language for global business communication so that they have the vocabulary for covering pertinent topics such as corporate finance, mergers and acquisitions, and hedging risks in global capital markets. However, an English financial term or acronym is often translated into a confusing array of words and phrases in Chinese.

“Merrill Lynch’s Glossary of Financial Terms and Acronyms provides students and practitioners with a handy tool,” said Li Xiguang, Executive Dean of Tsinghua School of Journalism and Communication. “Merrill Lynch is committed to supporting our school in providing more training and teaching for the next generation of reporters.”

“For Merrill Lynch, China is an extremely important and strategic market,” said Raymundo Yu, Senior Vice President and Chairman of Merrill Lynch Asia Pacific Region, who was also elected as a member of the school’s International Advisory Board. “It is important that China positions itself to benefit from the tremendous regional economic growth. Merrill Lynch is striving to help develop and nurture the next generation of journalists in China, so they can better understand and write about the increasingly complex business world and China’s growing role within it."

Merrill Lynch is a founding sponsor of the Global Business Journalism Program established in 2007 by the School of Journalism and Communication, Tsinghua University, in collaboration with the International Center for Journalists. Other founding sponsors of this groundbreaking program are Bloomberg, the John S. and James L. Knight Foundation and Deloitte China. The initiative includes a Master's degree program and workshops for professional journalists from around the world.