信托基金

This paper analyzes the affiance relationship and the consign relationship in enterprise annuity, and discusses the supervising model of governments, which could ensure the safety and profitability through the establishing risk compensation system.

文章对企业年金中的信托关系和委托代理关系进行了深入分析，对政府的监管模式进行了探讨，建议通过建立风险补偿体系和明确规定年金的转让权利，最终保证年金基金的安全性和收益性。

Supervision authorities have constantly issued the financial policy, which has weakened the lean of enterprise to bank credit, leaded the development of the affiance, real estate funds and other innovative financial instruments on the objective; The upgrade and polarization of real estate decided its brand-new trend of financial market.

监管当局不断出台的金融紧缩政策削弱了企业对银行信贷的依赖，在客观上带动了信托、地产基金等金融创新工具的发展；而产业自身升级与分化则决定了未来房地产融资市场的崭新格局。

L Self-managed superannuation funds or the other entity must hold an eligible interest in real property which can be a freehold or leasehold interest in real property or an assignable or transferable interest in Crown land that is not an interest held as a beneficiary of a trust estate, and

l 自我管理养老金基金或者其他整体在不动产上必须拥有一个合适的利息，而这是一个不动产所有权利息或者是不动产利息或者是一个在国家土地上可受让或可转让的利息，不是一种信托财产收益人的利息

So far real estate financing mainly depends on commercial bank, the proportion of other financing channels such as IPO, trust loan, bond and fund are inappreciable.

我国房地产金融主要以银行信贷为主，其他金融方式如上市融资、信托融资、债券融资以及基金融资等所占比重较小，其融资格局较为单一的特征十分突出。

Invest in a fund , be to refer to some principle according to the joint venture , base and incorporated company sharing avails , joint adventure, wield modern trust relation mechanism , the fund that the investor disperses one by one each other is concentrated with fund way to come true anticipating that investment with investment of purpose organizes system

投资基金，是指按照共同投资、共享收益、共担风险的基本原则和股份有限公司的某些原则，运用现代信托关系的机制，以基金方式将各个投资者彼此分散的资金集中起来以实现预期投资目的的投资组织制度

The panelists were Tom MacManus, president of GMAC Commercial Mortgage, Steven Roth, chairman and CEO of Vornado Realty Trust, Stuart Rothenberg, partner at Goldman, Sachs and David Steinwedell, chief investment officer of Wells Real Estate Funds.

小组会成员有GMAC商业抵押的总裁汤姆·麦克马纳、弗纳多房产信托的主席兼CEO史蒂文·罗斯、高盛的合伙人斯图尔特·罗森博格、威尔士房产基金的首席投资官戴维·史戴文德。

It is no doubt that Open-end fund has the same legal nature with unit trust.

作为开放式基金运行的法律保障，我国《信托法》和《证券投资基金法》基本勾勒了其法律框架，在肯定开放式基金信托性质的基础上把保护投资人利益提到了重要位置。

The study of legal bases of investment trust, that is the issues of investment trust law and trust indentures, investment trust fund, the relationships among parties in in

第三部分分析了契约型投资信托的法律依据，即投资信托法和信托契约基金、投资信托当事人及相互间的关系，并阐述了契约型投资信托这一活动设计之运作过程。第四部分主要

Any Funds Investment purchased in accordance with the instruction given by the Client will be purchased and held the Bank as the trustee of the Client and the Bank will issue a subscription

任何购买指示的任何基金投资将以银行为客户受托人身份申购持有，银行将发给客户认购确认书，其上载明客户信托投资购得基金之单位总数以及每单位之净资产价值，认购确认书不得转让

As result, the trustee, usually the trust bank in Open-end fund, should plays the role of Watching dog to protect investors' benefits in tri-angle relationship.

然而由于基金管理公司身兼受托人和基金管理人双重身份，使得信托关系名存实亡，投资人利益因此极易受到侵害。

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。