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Along with the constantly increase of foreign currency deposit, the low interest rate in our country and the intrinsic risk of foreign exchange, the people holding foreign currency had not been satisfied with the simple investment channels, such as the ordinary bank deposit and the real time exchange. They hoped the market could provide some new investment channels.

随着我国外汇储蓄规模的不断增长，以及外币存款的低利率和外汇市场固有的汇率风险，外汇持有者已不再满足于只有普通存款和实盘买卖这样的投资渠道，他们盼望市场能提供有创新意义的新的投资渠道。

Considering transaction cost, Hedger's attitude to risk, variance of foreign exchange rate , with Von Neumann Morgenstern utility function and Bernoulli principle, this paper analyses optimal hedging of the foreign exchange risk during the import/export with forward/future contracts, and the influence of the above mentioned factors on the optimal hedge rate.

本文在前人研究基础上，考虑交易费用，决策人对风险的态度，汇率相对风险大小等因素，用Von Neumann- Morgenstern效用函数和 Bernoulli决策法则建立了研究利用远期/期货和约做外汇套期保值问题的一般模型，然后具体分析了一种典型情况下的最优套期保值率的性质。

The Underwriter may terminate its commitment under the Underwriting Agreement at any time prior to the Latest Time for Termination if: there shall develop, occur, exist or come into effect: any new law or regulation or any change in existing laws or regulations or any change in the interpretation or application thereof by any court or other competent authority in Hong Kong or any other place in which any member of the Group conducts or carries on business; or any event or series of events resulting or likely to result in any change in local, national or international financial, political, military, industrial, economic or market conditions; or any change in the conditions of local, national or international securities markets (including but without limitation, the imposition of any moratorium, suspension or restriction on trading in securities generally on the Stock Exchange due to exceptional financial circumstances or otherwise); or any change or development involving a prospective change in Hong Kong taxation or exchange control which will or may affect the Group or a proportion of the existing Shareholders of the Company in their capacity as such, which, in the reasonable opinion of the Underwriter:(1) is or will or is likely to have a material adverse effect on the business or financial condition of the Group as a whole or the Rights Issue; or (2) has or will have or is likely to have a material adverse effect on the success of the Rights Issue or the level of Rights Shares taken up; or (3) makes it inadvisable or inexpedient for the Company to proceed with the Rights Issue; or there comes to the notice of the Underwriter: any matter or event showing any of the representations, warranties and undertakings made by PIL and the Company was, when given, untrue or misleading or as having been breached in any respect; or any breach by any of the other parties to the Underwriting Agreement of any of their respective obligations or undertakings under the Underwriting Agreement or under any of the PIL Letter of Undertaking, Option Undertakings or the Sub-underwriting Letter, then and in any such case the Underwriter may, upon giving notice to the Company and PIL, terminate the Underwriting Agreement with immediate effect.

倘发生下列事件，包销商可于最后终止时间前任何时间终止其根据包销协议之责任：以下情况将会出现、发生、存在或生效：香港或本集团任何成员公司经营或从事业务所在任何其他地方之法院或其他主管机关颁布任何新法律或法规，或更改现行法律或法规，或有关法律或法规之诠释或应用有变；或发生任何事件或连串事件导致或可能导致本地、国家或国际金融、政治、军事、工业、经济或市况有变；或本地、国家或国际证券市场之状况有变（包括但不限于因特殊金融状况或其他原因而暂时禁止、暂停或限制港交所之整体证券交易）；或香港税务或外汇管制有变或出现可能导致变动之事态发展，而将会或可能对本集团或本公司部份现有股东产生影响，而包销商合理认为上述情况：(1)会或将会或可能会对本集团整体之业务或财务状况或供股有重大不利影响；或(2)经已或将会或可能会对供股之成功或供股股份之认购数量有重大不利影响；或(3)令本公司进行供股变得不智或不宜时；或包销商得悉：任何事情或事件显示太平船务及本公司所作出之任何陈述、保证及承诺于作出时在任何方面属失实或构成误导或遭违反；或包销协议之任何其他订约方违反彼等各自根据包销协议或任何太平船务承诺函、购股权承诺或分包销函件之任何责任或承诺，而在此情况下，包销商可向本公司及太平船务发出通知即时终止包销协议。

While 30μmol·〓 FRCRSFa and 10μmol·〓 E-4031 were dialysed intracellularly via the patch-pipette, FRCRSFa significantly decreased 〓 exchange current and there was no the further decrease after adding FRCRSFa in the perfused solution with the same concentration, whereas E-4031 dialysed had no effect on 〓 exchange current, but a obvious increase of it occurred when adding E-4031 to the perfused solusion with the same concentration.

分别将30μmol·〓的FRCRSFa和10μmol·〓的E-4031加入微电极内液中，FRCRSFa显著抑制了〓交换电流，当在细胞外灌流液中加入同样浓度的FRCRSFa时无进一步抑制；而胞浆内的E-4031对〓交换电流无显著作用，而在灌流液中加入同样浓度的E-4031后，却显著增强了〓交换电流。

The hospitals have partnered with InterComponentWare AG, which has provided their Professional Exchange Server, a web-based connectivity solution that works with a master patient index, as the backbone of the exchange.

这些医院与 InterComponentWare AG 公司合作，并由后者提供其专业交换服务器。 PXS 是一种基于网络的连接性解决方案，可以与主患者索引一同使用，作为交换的骨干。

For Permalloy/FeMn bilayers, the exchange field and coercivity decay exponentially in time with the application of an applied field antiparallel to the unidirectional anisotropy direction. The relative change of the exchange field, 1-H〓/H〓(t=0) also decays in an exponential manner with the FeMn layer thickness.

通过Py／FeMn双层膜结构研究了反铁磁层的厚度对交换耦合热稳定的影响，发现对于Py／FeMn双层膜，在外场方向与单向各向异性方向反平行时，交换偏置场和矫顽力随时间的变化呈指数衰减，耦合场和矫顽力的相对变化随FeMn层的厚度衰减。

In 《China Mansion》, scenes are collected from all the masters in the western art history such as Angres, Courbet, Monet, Gauguin, Klein, Jones, Boucher, Rembrandt,Rubens, David, Renoir etc.The scene is decorated with coarsely copied traditional Chinese furniture,cheap copies of the western small objects, the numerous figures are all modeled by the vulgar nude, strikingly raffish and vulgar, the "nude" and the "bed"are the only point of connection with the original paintings. This cross time and space"cultural exchange"is utterly absurd creating many uncertain concepts (Wang Qingsong's words), but it is the portrait of the current blind cultural exchange.

中国之家》集合了西方艺术史大师如安格尔，库尔贝，莫奈、高更、克莱因、琼斯、布歇、伦勃朗、鲁本斯、大卫特、雷诺阿等经典作品的场景，场景以粗糙仿制的中国古典家具布置，廉价仿制的外国小玩意儿装饰，场景中众多的人物全部以粗俗的裸体模特扮演，充满中国当下的艳俗气息，裸体和"床"是唯一保留的与西方古典原作的联系点，这种跨时空的"文化交流"十分荒诞，"产生了许多不确定的概念"，但却是中国当下盲目的文化交流的写照。

The Ca2+ salt solution as a new regenerant was presented in this paper. The influences of the calcium salt proportioning, temperature, dosage and flow rate on anion exchange fiber regeneration were studied. High regeneration can be obtained with 0.5 mol/L CaCl2+8 g/L CaO+6.5 °Bx sucrose solution at 70～80 ℃, the dosage of the Ca2+ salt solution was about half of the raw decoloring syrup, the regenerant flow rate should be lower than that of the raw decoloring syrup. It was shown that stable decolorization rate and lower decline in exchange capacity could be achieved with the new regenerant. It performed more effectively than the traditional sodium salt regenerant with less discharge of waste water.

选用二价钙离子蔗糖溶液为再生剂，再生蔗糖脱色后的强碱性阴离子交换纤维，研究了再生液的配比、再生温度、再生液用量、再生液流速等因素对再生效果的影响，结果表明配比为0.5 mol/L CaCl2+8 g/L CaO+6.5 °Bx蔗糖的再生液在70～80℃温度下，再生剂的用量约为脱色糖汁的一半，流速应低于脱色时的流速时，再生效果优于传统的钠盐再生剂的再生效果，重复再生后的纤维脱色率能保持稳定，交换容量下降少，且再生液能回收利用，废水排放量小，是一种环保型再生液。

The Ca(superscript 2+) salt solution as a new regenerant was presented in this paper. The influences of the calcium salt proportioning, temperature, dosage and flow rate on anion exchange fiber regeneration were studied. High regeneration can be obtained with 0.5mol/L CaCl2+8g/L CaO+6.5 °Bx sucrose solution at 70~80℃, the dosage of the Ca(superscript 2+) salt solution was about half of the raw decoloring syrup, the regenerant flow rate should be lower than that of the raw decoloring syrup. It was shown that stable decolorization rate and lower decline in exchange capacity could be achieved with the new regenerant. It performed more effectively than the traditional sodium salt regenerant with less discharge of waste water.

选用二价钙离子蔗糖溶液为再生剂，再生蔗糖脱色后的强碱性阴离子交换纤维，研究了再生液的配比、再生温度、再生液用量、再生液流速等因素对再生效果的影响，结果表明配比为0.5mol/L CaCl2+8g/L CaO+6.5 °Bx蔗糖的再生液在70~80℃温度下，再生剂的用量约为脱色糖汁的一半，流速应低于脱色时的流速时，再生效果优于传统的钠盐再生剂的再生效果，重复再生后的纤维脱色率能保持稳定，交换容量下降少，且再生液能回收利用，废水排放量小，是一种环保型再生液。

Mongolia procurement from China silk, cloth, rice, paper, brick tea, raw tobacco, brown sugar, porcelain, iron, Mongolian boots, saddle with,小百货and so on, with the pastoralists to exchange back to horses, cattle, sheep, hides, hair, herbal medicine and so on, with the Russian exchange back毛呢, blankets, velvet, silver and so on.

旅蒙商从内地采购绸缎、布匹、米面、纸张、砖茶、生烟、红糖、瓷器、铁器、蒙靴、鞍具、小百货等，与牧民交换回马、牛、羊、皮张、绒毛、药材等，与俄国人交换回毛呢、毛毯、天鹅绒、银器等。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。