查询词典 not grow on every hedge

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。

Meanwhile, the index futures hedge theory has also get a further development, which evolves from traditional hedge theory, the selectivity hedge theory and modern hedge theories. After analyzing the merits and shortcomings of the three theories, the paper mainly studies four minimum square hedge theory models, which are The traditional static OLS model, VECM model, one variable GARCH(1, 1) model and one variable GJR-GARCH(1, 1, 1) model. Established on September 8th in 2006, China Financial Futures Exchange initiated a new era of our country finance ramification-- index futures, opening a door for the China futures industry.

而股指期货的套期保值理论也随之得到长足发展，历经传统套期保值理论、选择性套期保值理论和现代套期保值理论，本文在分析三大理论优缺点的同时，着重研究现代套期保值理论即最小方差避险理论的四种模型：传统静态OLS模型、VECM模型、单变量GARCH(1，1)模型、单变量GJR—GARCH(1，1，1)模型。2006年9月8日，中国金融期货交易所的成立，掀开了我国金融衍生品种股指期货的新纪元，迎来了中国期货行业发展的机遇期。

According to the ability of the field isolates of Gibberella zeae to grow on the PSA with varying carbendazim concentrations, three sensitivity levels of isolates were determined in vitro. The sensitive isolates could grow at 0.5 μg/ml, but could not grow at 100 μg/ml. The high resistant isloates could grow faster than R at 50 μg/ml, and also could grow at 100 μg/ml.No low resistant isolates, that could grow fast at 1.4 μg/ml but could not grow at 50 μg/ml, were found among the field isolates.

根据在0.5、1.4、50、100 μg/ml等不同浓度的含药PSA平板上能否生长，将玉蜀黍赤霉田间菌株对多菌灵的敏感性划分为：敏感、中抗和高抗等3个水平，其中S菌株在0.5 μg/ml浓度下能生长，但在≥1.4 μg/ml浓度下生长受到完全抑制；R菌株在1.4 μg/ml浓度下能快速生长，在50 μg/ml浓度下能缓慢生长，但在≥100 μg/ml浓度下不能生长；HR在≥100 μg/ml浓度下仍能生长。

Center is located at the vortex of the financial crisis in the hedge fund industry suffered heavy losses, at least 350 were out of funds (including hedge funds Peloton Partners in London's size 1.8 billion U.S. dollars of hedge fund ABS Fund, another total Department of the London-based hedge fund MKM Longboat Capital Advisors LLP has no choice but to shut down its 1.5 billion U.S. dollars of the multi-strategy fund).

中心是在对对冲基金行业的金融危机的旋涡中位于损失惨重，至少有350人进行资金（包括对冲基金在伦敦的尺寸1.8亿美元的对冲基金获取和惠益分享基金美元珀莱东伙伴另一位伦敦总部的对冲基金资本顾问威宝朗伯特事务所别无选择，只能关闭其15亿美元的多策略基金）。

The sand fixed hedge has been using at Taiwan's coastally, how is the best desing for different from angle between main hedge and wing hedge, it is still no results. In this study, there are two part of experiment that are field study and wind tunnel. The field study is analysis by BSNE sand sampler and multi-layer anemometer at Yuanli coastally, the wind tunnel experimental that study different length and angle of hedge.

中文摘要堆砂篱於台湾沿海虽已被广泛使用，然堆砂篱是否需要大面积全面铺设，才能获得最显著功效；主篱与翼篱之间夹角应如何规划，才能达到最佳化设计，至今尚无具体结果，为能深入探讨本研究分为现地及风洞试验，现地试验以苑里沿海为试区，架设BSNE垂直集砂器及多层风速计等进行观测；风洞试验则依翼篱长度与角度从事模型吹砂试验。

Allah, I ask you for constancy along the way and for resolution in walking the right path and thank you for your goodness and that I worship you in the best sense and I ask of you to give me good from everything you know and keep me from every evil you know and I ask you to forgive all my sins that you know for you are knowledgeable of all things and I ask of you security for me, my family, and all my companions and I seek refuge with you from every despot, from every deceiver and tyrant, from every wizard and every unjust person, from every envier and every traitor, from every conspirator and every enemy, from every one who rants and raves, from every trickster and every gloater and from everyone who conceals enmity from me.

真主啊，我求你一路坚定我的脚步，让我有决心走正路。感谢你的仁慈，我要确确实实的敬拜你，从一切你所知的事中求要好处，求你让我避开你所知的邪恶，宽恕你所知道的我所有的罪，因你是知晓一切的。我求你赐我，我得家人和一切的伙伴安全，向你求庇护，免受一切恶霸，欺诈者，暴虐之人，术士，不义之人，嫉妒者，叛徒，阴谋者，敌人，狂吼乱叫者，**，幸灾乐祸者和暗藏敌意者的伤害。

On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there -- on a mote of dust suspended in a sunbeam....

在地球上，有你所爱的每一个人、有你所知道的每一个人、有你所听说的每一个人，历史上每一个人都在此度过一生；我们所有的欢乐和痛苦、无数坚定的宗教信条、意识形态和经济理论；每一个猎手和强盗、每一个英雄和懦夫、每一个文明的创建者和毁灭者、每一个国王和农夫、每一个相爱的夫妇、每一对父母、每一个满怀希望的孩子、每一个发明者和探险者、每一个有道德的教师、每一个腐败的政客、每一个'超级明星'、每一个'最高领导人'、每一个圣人和罪人，从人类这个种族存在的第一天起——都生活在这颗悬浮在太阳光中的尘埃上。…。

The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there--on a mote of dust suspended in a sunbeam.

所有我们的欢乐和痛苦，所有言之凿凿的宗教、意识形态和经济思想，所有猎人和强盗，所有英雄和懦夫，所有文明的创造者和毁灭者，所有的皇帝和农夫，所有热恋中的青年情侣，所有的父母、满怀希望的孩子、发明者和探索者，所有精神导师，所有*的政治家，所有"超级明星"，所有"最高领导人"，所有圣徒和罪人，从人类这个种族存在的第一天起——都发生在这颗悬浮在太阳光中的尘埃上。

The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there--on a mote of dust suspended in a sunbeam.1Fpu

所有我们的欢乐和痛苦，所有言之凿凿的宗教、意识形态和经济思想，所有猎人和强盗，所有英雄和懦夫，所有文明的创造者和毁灭者，所有的皇帝和农夫，所有热恋中的青年情侣，所有的父母、满怀希望的孩子、发明者和探索者，所有精神导师，所有腐败的政治家，所有"超级明星"，所有"最高领导人"，所有圣徒和罪人，从人类这个种族存在的第一天起——都发生在这颗悬浮在太阳光中的尘埃上。

The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there – on a mote of dust suspended in a sunbeam.

集合了一切的欢喜与苦难、上千种被确信的宗教、意识形态以及经济学说，所有猎人和抢劫者、英雄和懦夫、各种文化的创造者与毁灭者、皇帝与侍臣、相恋中的年轻爱侣、有前途的儿童、父母、发明家和探险家、教授道德的老师、贪污的政客、大明星、至高无上的领袖、人类历史上的圣人与罪人，通通都住在这里——―一粒悬浮在阳光下的微尘。

The dissecting of samples in group2 were difficult. The root of pulmonary artery and ascending aorta failed to be unfolded because fibrous tissue was tough, right and left fibrous trigone were too firm to be solved by hand. Cardiac muscle fibers couldn't be stripped along myofibrillar trajectory since they were prone to break because of their friability.

组2的心脏解剖困难，表现为纤维组织坚韧，游离肺动脉非常困难；徒手无法松解左、右纤维三角，肺动脉和主动脉根部的游离非常困难；心肌纤维坚硬、质脆，解剖时容易断离成碎块，无法沿纤维走行方向剥离。

We have battled against the odds in a province that has become increasingly violent.

我们对在一个争夺日益激烈省的可能性。