查询词典 hedge operation

Jiang Yang said that in recent years the face of energy, resources, the bulk of the extreme fluctuation in commodity prices, a growing number of companies and investment banks, hedge funds and other institutions to make use of futures market in the allocation of assets and management of risks, global commodity futures market structure and functions of profound changes in the futures market influence greatly enhanced, in the development of commodity futures market position than ever, the gradual deepening of market functions, and its economic stability in the promotion of healthy operation, to safeguard national energy security, food security , financial and economic security, such as the important role of all aspects of growing concern by the market and look forward to.

姜押嗯说，近年来，面对能源，资源，初级商品价格下滑，公司和投资银行，对冲基金及其他机构越来越多的剧烈波动，大部分要利用期货市场在资产风险管理和分配，全球商品期货市场结构和期货市场的深刻变化功能的影响大大增强，在商品期货市场中的地位比以往任何时候的发展，市场功能逐步深化，其经济稳定在推广的健康运行，维护，如对日益增长的市场关心的所有方面的重要作用，国家的能源安全，粮食安全，金融和经济安全，并期待着。

Currently in China's rural areas, price risk through the futures market to hedge the operation, and control of natural risks is only through agricultural insurance to resolve or reduce.

目前在中国的农村地区，价格风险，通过期货市场套期保值的运作，和控制自然风险，只有通过农业保险来解决或减少。

Social Security Fund is important,"national team" one of his foresight and operation of hedge a substantial number of investment institutions admiration.

社保基金是重要的"国家队"之一，其先知先觉性和避险之术令众多投资机构折服。

Covering funds with up to $8bn in assets under management and managers with an average of 19 years of experience in the industry, the data captures some of the most prominent hedge funds in operation.

报告涵盖了管理资产至多80亿美元的基金和平均从业经历19年的经理，包括一些最有名的运营中的对冲基金。

Based on a specific analysis on the strategy and operation of Hedge Fund, this text try to give a just and objective analysis of it from the perspective of micro market function and macro market function, and try to put forward reasonable suggestions of its future development on the basis of analysis on the necessity and possibility of development.

本文试图在详细分析对冲基金策略及运行的基础上，从微观和宏观市场功能的角度对于作为投资手段的对冲基金给出公正、客观和尽量不带感情色彩的阐释与评价，然后分析对冲基金在我国发展的必要性和可能性，并期望提出我国发展利用对冲基金的合理建议，以应对资本市场逐步放开条件下对冲基金的可能出现。

No one seems to know and care about what the hedge funds are doing, but they are allowed, almost, to do anything! It is therefore important to protect the integrity of the global financial markets by putting in place a framework whereby short term capital and the operation of the hedge funds may go by some rules of the game, and at the same time, the short term capital flow can be allowed to move freely.

似乎没有人知道，也没有人理会，对冲基金管理人在做甚麽，但他们几乎可以随所欲为，因此，为了维护国际金融市场的完整性，订立一套机制，让短期资金和对冲基金的运作有一些游戏规则作为依据，而短期资金又可同时自由流动，是非常重要的。

At last, to summrize the above research results, the paper from three aspects just like market construction, administration of government and enterprises provided some advises including relaxing politics of government, strengthing financial derive market and encouraging enterprises to use derive tools in order to hedge risks during the operation process.

最后，本论文在总结前两部分的研究结果的基础上，有针对性地从政府政策、市场建设以及企业角度提出了放宽政府政策，加强金融衍生品市场建设，鼓励企业运用金融衍生产品进行风险管理等政策建议。

The move comes as the US bank holds advanced talks to sell its prime brokerage operation that services hedge funds to BNP Paribas.

在此之际，美国银行正就出售旗下大宗经纪业务与法国巴黎银行展开深入谈判，该项业务服务于对冲基金。

I find that, whatever the operation strategy a hedge fund adopts, the result of efficiency rank among BCC, cross efficiency, super efficiency and super SBM efficiency are identical.

实证结果发现，BCC 模型、交叉效率、超级效率与超级SBM 效率，不论避险基金其策略为何，其排名的结果具有一致性的。传统夏普比率、调整后之夏普比率与BCC 模型、交叉效率、超级效率与超级SBM 的效率排名经由Spearman

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

In the United States, chronic alcoholism and hepatitis C are the most common ones.

在美国，慢性酒精中毒，肝炎是最常见的。

If you have any questions, you can contact me anytime.

如果有任何问题，你可以随时联系我。