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Since Leptokurtosis, skewness and fat-tail are always used to depict market risk, this paper introduces the improved Laplace distribution to risk management of stock portfolio. Empirical results show, improved Laplace distribution and asymmetric Laplace distribution are similar for estimating Leptokurtosis, while improved Laplace distribution is better for estimating skewness.In order to analyze the correlation between return distribution and volatility, the thesis uses ARCH-M Models to simulate the return series of China's Stock Market and developed markets ao as to discover the relation between investment return and time-varying risk.

对尖峰、厚尾、偏态的刻画有助于正确估计市场风险，本文将改进型Laplace分布引入到股票组合的风险管理中，实证结果发现，改进型Laplace分布和非对称Laplace分布对尖峰、厚尾的刻画效果接近；而非对称Laplace分布对负偏性考察不足，改进型Laplace分布的拟合结果能够准确地反映股指收益的负偏态，这也正是改进型Laplace分布相对于传统的非对称Laplace分布的优势所在。

In addition, the town has tried every possible means moving the stock of assets, will Anxi village primary stock assets leased to nine million yuan investment Neijiang boss, set up qu winery, not only to pay taxes each year 100,000 Yuan, but also hundreds of people to solve the employment problem; at the same time the introduction of the people's livelihood kimchi food processing enterprises, relying on a leader, of "company + farmers + industries" model workers, build Chengdu's largest kimchi producers, is expected to put into operation by the end of October, 800 people working to resolve the issue.

此外，该镇还千方百计盘活存量资产，将安西村的村小学存量资产租给内江老板投资900万元，办起了曲酒厂，不仅每年可纳税10万元，还可解决上百人的就业问题；同时引进了民生食品泡菜加工企业，依托龙头，实行"公司+农户+产业"工人的模式，打造成都市最大的泡菜生产企业，预计10月底投产后，可解决800人的务工问题。

Received the Shenzhen Stock Exchange board of directors to invest in modern corporate governance issued by the Department of "independent directors on the qualifications of candidates for Ang Lee letter of concern" in this second letter, the Shenzhen Stock Exchange That the modern investment on November 8 announcement of the Board of Directors resolution, as well as the announcement of the candidates curriculum vitae of independent directors Ang Lee did not disclose the candidate had a major accident in Hunan Province was sentenced to the Chief Jitai Guo departments within the party and warned of disciplinary action, Shenjiao Lee honesty of the ability to carry out due diligence responsibilities of independent directors expressed concern.

11 18，收到了深圳证券交易所交易所董事局投资于现代企业由"独立董事部稿为李安信关注候选人的资格管理在这第二封信"，深圳证券交易所于十一月八日宣布现代投资的董事会决议以及独立董事候选人的简历公布李安没有透露候选人在湖南省的重大事故被判处行政基泰郭部门党内纪律处分和警告，Shenjiao李的能力进行独立董事的诚信责任，尽职调查表示关注。

Reporter discovery, letter stock seeks advice from a net to still had obtained letter of a lot of credit in, its profess is database of actor of name of unit of director of Chinese stock association, China quality of advisory industry of investment of negotiable securities of preeminent company, whole nation serves unit of credit AAA class, ceng Yu obtained the quality that council of organization of sincere letter construction issues countrywide market, service 2005 certificate of sincere letter demonstrative unit, yang Suoyan if really not empty?

记者发现，中信股票咨询网还获得过很多信誉证书，其自称是中国股票协会理事单位、中国名优数据库优秀企业、全国证券投资咨询行业质量服务信誉AAA级单位，曾于2005年获得全国市场诚信建设组织委员会颁发的质量、服务诚信示范单位证书，杨所言果真不虚？

Would be difficult to understand, fluctuations in the stock market and capital in and out of line nodes, as well as the individual's well-known investment bank to sing in China's stock market and real space to do more of the game.

否则就难以理解，股市的波动与游资进出节点的吻合，以及个别大名鼎鼎的投行唱空中国股市而实际做多的把戏。

Analyst Jason Helfstein Sohu stock grade from " strong at grail " reduce to " keep balance with grail ", after thinking this stock rises a few times the closest greatly already by overmeasure,"Have overt investment value no longer."

分析师Jason Helfstein将搜狐股票评级从"强于大盘"下调至"与大盘持平"，认为该股票最近的几次大涨之后已被高估，"不再具有明显的投资价值。"

Sub-stock inventory of consumer goods and raw materials inventory, a huge economic stimulus plan on the production of consumer goods companies may be more indirect role in stimulating, over-investment may be even out of private consumption and investment in the future could lead to overcapacity.

分股的消费品和原材料库存，一个巨大的消费品公司生产的经济刺激计划，库存可能会更间接的刺激作用，过度投资，甚至可能是出于私人消费和对未来的投资可能会导致产能过剩。

The samples for linear regression, the broken line analysis and plot analysis, the thesis found that the listed company news that foreign direct investment is the lack of access to a very earnings in the stock market reaction to the impact of factors, single company the non-recurrent yield and investment opportunities between the companies is a positive correlation between the operators while the Cause exists a negative correlation between.

通过对样本进行线性回归、折线图分析和散点图分析，本文发现上市公司的对外直接投资消息宣布无法获得一个正的非常性收益，在对股票市场反应产生影响的因素中，单家公司的非经常性收益率与公司投资机会间存在正相关关系，与经营者动因间则存在负相关关系。

Through a complete cycle of raising interest rates after this week lowered interest rates for the first time, but for the time being due to the abolition of tax on bank deposits, the bank's depositors did not reduce the number of receipts, before the rate cut The one-year deposit rate of return on investment for 3.933 percent, to cut interest rates after an investment return of 3.87 percent, and 10,000 yuan a year-to-deposit interest rate reduction of only 6.30 yuan, so that the bank will cut interest rates failed to exercise any time In the stock market to the role, it may not bring immediate relief to stimulate consumption, the rentier will still be money in the bank to ease food profits.

降低首次利率，但暂时由于税银行存款，银行的存款并没有减少多少收益取消前降息的一年为3.933的百分之投资回报期存款利率，削减后的投资回报百分之3.87的利率，并万元一年来，存款利息只有6.30元，率降低，使央行将降息未能行使任何在股票市场的作用的时候，却未必会即时援助，以刺激消费，食利者仍将在银行存款，以解决粮食利润。

In the next three years 3,500,000,000,000 yuan investment in railways, bridges, roadbed, track and rolling stock to buy more or less the size of investment for 8750 to 1,225,000,000,000 yuan, 525,000,000,000 yuan to 3500, 2450 and 3500 ~ 350,000,000,000 yuan Billion.

在未来三年3，500，000，000，000在铁路，桥梁，路基，轨道元投资购买车辆或多或少为8750至1，225，000，000，000元，5250.00亿元的投资规模为3500，2450和3500亿3500.00亿元。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。