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Lord, the American Ambassador in China, to participate an exchange plan. In September 1987, Mr. Li went to America again for his master degree. In June 1989, Mr. Li attained his master degree on International Finance from Brandes University. As an analysis of Acadian Investment Management Company, Mr. Li started his investment management practice in 1990. In March 1991, Mr. Li was employed by the famous Wall Street Investment Bank and the Brother Braun Corporation as senior analysis in investment strategy department, analyzing and researching investment strategy. In September 1995, Mr. Li was appointed by the Oppenheimer Funds and responsible for the global stock investment.

1986年6月，李山泉受美国驻中国大使洛德邀请，参加美国汉弗莱交流计划。1987年9月，他重返美攻读学位。1989年6月，获布兰德斯大学国际金融硕士学位。1990年作为为Acadian投资管理公司的分析师开始投资管理的实践。1991年3月到纽约华尔街，被著名的老牌华尔街投资银行、布朗兄弟公司聘任，在投资战略部任高级分析师，从事投资战略的分析研究。1995年11月应聘到奥本海默基金公司，负责该公司环球股票投资的管理工作。

Investment portfolio theory is financial assets, financial assets investment divisibility, mobility and features such as compatibility, so investment in financial assets, do not have to consider the scale of investment, the investment of time constraints, as well as the number of investment projects and other factors, as long as the taking into account the relevance of financial assets, risk, reward and their mutual relations, and on the basis of risk - reward the choice to invest in financial assets to achieve the optimal choice.

证券组合理论的投资对象是金融资产，金融资产投资具有可分割性、流动性和相容性等特点，因此在进行金融资产投资时，不必考虑投资的规模、投资的时间约束以及投资项目的多少等因素，只要考虑各金融资产的相关性、风险、报酬及其相互关系问题，并依据风险——报酬的选择，可实现金融资产投资的优化选择。

During the process of the detailed argument, the author of this paper, by giving over the current situation of the financial investment system of higher education and its evolution, draws the conclusion that the seriously insufficient investment from the governmental finance and the unformed pluralism of the financial investment system of higher education are the main problems of the financial investment system of higher education in our country. Through the deep analysis of the current situation of the financial investment system of higher education in our country and the problems of it, this paper draws the conclusion that it is the imperfection of the laws for the financial investment system of higher education and the misposition of the educational management by governments that cause these problems. Based on the experiences of the western developed countries such as the USA and Japan in the financial investment system of higher education, this paper puts forward the strategy to improve it, with its focus on perfecting the laws for the financial investment system of higher education and the carrying out of the pluralism of the investment system of higher education.

在具体论述过程中，通过对高等教育财政投资体制的现状及演变过程的回顾，从而得出政府财政投入严重不足与高等教育财政多元化投资体制的内外环境尚不成熟，是我国高等教育财政投资体制的现实背景与存在的主要问题的研究结论；通过对我国高等教育财政投资体制现状与问题的深入分析，从而得出高等教育财政投入法律制度的不完善与政府教育管理职能的错位，是导致存在各种问题的主要原因的研究结论；在借鉴美国、日本等西方发达国家高等教育财政投资体制经验的基础上，提出了完善教育产业属性下高等教育财政投资体制的对策，并将论述的重点定位于完善高等教育财政投资的法律体系与实现高等教育投资体制的多元化。

From some theories, especially the theory of marginal industrial expansion, we can learn the motive of Japanese direct investment in China. On the basis of the motive, The essay analyzes some investment strategy, such as, export - process - basis type strategy, market - merge type strategy and so on. In the third part, it analyzes the decision process of Japanese direct investment in China, the psychal behavior characteristic of investment, also the confirmation of region . Futhermore, it analyzes the direct investment of Japanese in detail. The fourth part is the relationship between Japanese direct investment in China and China - Japan trade. The datum of theory and practice explain that Japanese direct investment in China promotes bilateral trade and improves the trade structure.

从理论上，尤以小岛清的边际产业扩张理论为重点，说明日本对华直接投资的动机，并按动机把日本对华直接投资的战略类型如出口加工基地型、市场参与型等战略作了分析；第三部分：论述日本对华直接投资的决策过程，日本企业的投资心理行为特征以及投资区位的确定等，并且较为具体地分析日本中小企业的对华直接投资；第四部分：日本对华直接投资和中日贸易的关系。

To further enhance the local scientific and technological innovation capability and improve the effectiveness of local government investment in science and technology, use the local government investment in technology rollingly, expanding the local government investment in science and technology channels, This study will use the theory of public goods and theory of public choice, with the current system, development background, discuss the cause of scientific and technological input of local government reform, aggregate the experiences and lessons from local government investment in science and technology in recent years, study the reform ideas of local government investment in science and technology in the new situation In the way of reform ideas, and proposed the concrete measures and run programes for the establishment of new mechanisms of local government investment in science and technology ,to provide theoretical preparations, options and decision-making for the reform of local government investment in science and technology.

为了进一步增强地方科技创新能力，提高地方政府科技投入的效能，滚动使用地方政府科技投资，拓展地方政府科技投入渠道，本文将利用公共物品理论、公共选择理论，结合当前的体制、发展背景，探讨地方政府科技投入方式改革的动因，总结近年来地方政府科技投入方式改革的经验教训，研究新形势下地方政府科技投入方式改革的思路，提出建立地方政府科技投入新机制的具体措施和运行方案。为地方政府科技投入方式改革提供理论准备、备选方案和决策参考。

The introducing arrangement for this chapter is: Firstly, analyzing the amount of fixed asset investment at the whole society and rural areas(including the collections and the personals);analyzing the amount of fixed asset investment at the eastern, middle and the western provinces by second; after that, doing the up-date of farmer's investment and the rustically personal fixed asset investment at the eastern, middle and the western provinces; fourthly, making the analyses on the Agriculture, forestry, animal husbandry and fishing, labor forces, amounts of chemical fertilizer-spraying and the actuality of watering irrigation; fifthly, analyses on the actuality of agriculturally basic construction investment in this chapter; sixthly, nationally financial investment; taking the up-date of nationally financial investment , especially the ones being used to support the farmers with the following;and finally, the up-date of other investment owner being analyzed.

首先，分析了全社会、农村固定资产投资额。其次，分析了东中西部省区农村集体固定资产投资。第三，分析了农户投资的现状及东中西部农村个人固定资产投资。第四，对农林牧渔、劳动力、化肥施用量和水利灌溉现状进行了分析。第五，对农业基本建设投资的现状进行了分析。第六，对国家财政投资，尤其是财政支农投资现状进行了分析。第七，对其它投资主体的现状进行了分析。

As a whole, this article investigates the investment effect problem from a new view of regional economics. It covers the economic, social and ecological effect of regional investment; it defines the concepts of investment effect and regional investment effect, deciphers the connotation, classification and influential factors of investment effect, and establishes a basic theory framework of investment effect research; constructs a fire-new regional investment effect evaluation model that could evaluate comprehensively the economic, social and ecological effect of regional investment, including evaluation index system and evaluation method, which supplies the gap of regional investment effect evaluation in academic community.

总体上看，本文从区域经济学这一新的视角研究投资效应问题，内容涵盖了区域投资的经济效应、社会效应和生态环境效应；界定了投资效应、区域投资效应的概念，解读投资效应的内涵、分类与影响因素，建立了投资效应研究的基本理论框架；构建一个对区域投资的经济效应、社会效应和生态环境效应进行综合评价，包括评价指标体系和评价方法在内的全新的区域投资效应评价模型，弥补了学术界在区域投资效应评价方面的空白。

Discussing the influence of investment total volume, investment quality, investment system, investment environment on current investment situation .Analyse the problem on investment attitude, scope, decision-making, practice, regulation and audit system. Then do the in-depth analysis of the minority region from different aspects of marketing economy, denominating economic system, economic scope and economic policy, then pointing out the importance and necessity of government investment in the minority region.

在从我国少数民族地区投资总量、投资质量、投融资体制、投融资环境等方面对民族地区投融资现状进行总结的基础上，分析了我国少数民族地区政府投融资体制在观念、范围、决策、实施、管理方式及监管体系等方面存在的问题，进而着重从商品经济基础、统制经济体制、经济结构以及经济政策等角度深入分析了民族地区投融资体制存在问题的深层次原因，指出政府投融资在民族地区经济发展中的重要性及必要性。

Based on the theory of eclectic paradigm of internationalproduction and the analysis of indispensable conditions for investment, this paper indicatesCNOOC's advantages in foreign direct investment. Making use of the method of combiningtheories with physical, combining investment cases of SINOPEC, CNPC and ONGC, upon theanalysis of process and pace relationship in oversea expansion, investment mode, investmentlocation, investment domain, capital source and capital form, it suggests the issues those shouldbe taken into account for investment strategy, including recognizing the relationship betweenreward and development pace, the priority in investment mode selecting, pluralizing of oil sourcesupply, upstream business investment philosophy, all forms of financing channels, and theproportion of non-fund capital in investment capital forms.

最后运用理论与实际相结合的方法，结合中石油、中石化以及印度石油天然气总公司的投资案例，从海外发展的进程与速度、投资方式、投资区位、投资领域、资本来源以及投资出资物等 6 个方面进行分析，提出中海油今后在确定投资战略时应该注重以下几个问题：要重视发展速度与效益的关系；在三种投资方式中，首先考虑通过收购优良资产获得油气储量，其次要与国际大公司合作进行风险勘探，最后要谨慎对待公司并购；选择投资区域时，首先要巩固现有的亚洲资产，其次要重视对其他地区的研究与尝试，实现油源供应的多元化；对海外的投资要长期致力于上游领域；融资方式要多元化；要注重除资金外其他的资本形式在投资出资物中的比重。

Results indicated that according to the different newly increased cultivated land rate, land consolidation projects on the district or county level could be divided into four categories: land consolidation, cland consolidation and exploitation, land development and consolidation, land development. While according to the investment per unit area on newly increased cultivated land, it could also be divided into four categories: high investment, reasonable investment, partial low investment and low investment. Correlating curve type among the investment per unit area in newly increased cultivated land, average annual growth rate of GDP and average annual growth rate of per capita GDP was a compound one. Correlations among newly increased cultivated land investment per unit area and annual growth rate of per capita GDP, annual growth rate of per capita GDP and other economic development indexes showed an "S" changing tendency curve.

结果表明：根据不同的新增耕地率，可把重庆市区县级投资土地整理项目划分为4个类型：整理型、整理开发型、开发整理型、开发型；按照新增耕地单位面积投资额的高低可划分为4个类型：高投资型、中等投资型、投资偏低型以及低投资型；实施规模单位面积投资额与GDP年均增长率、人均GDP年均增长率的耦合曲线类型为复合曲线；新增耕地单位面积投资额与GDP年均增长率、人均GDP年均增长率的耦合关系呈&S&型变化趋势。

For a big chunk of credit-card losses; the number of filings (and thus charge-off rates) would be rising again, whether

年美国个人破产法的一个改动使得破产登记急速下降，而后引起了信用卡大规模的亏损。

Eph. 4:23 And that you be renewed in the spirit of your mind

弗四23 而在你们心思的灵里得以更新