投资者

Personage of the analysis inside course of study expresses to this, grail goes yesterday situation it is investor a kind of expression of sensitive to macroscopical data manner, combine specific data to look, consume kind with what invest kind of industry hopeful to become investor in adjusting city " cosset ".

业内分析人士对此表示，大盘昨日走势是投资者对宏观数据敏感态度的一种表现，结合具体数据看来，消费类和投资类行业有望在调整市中成为投资者的"宠儿"。

Steel Vanadium GFC1 today is the right to terminate the line, this also means that from tomorrow, will be officially GFC1 vanadium steel curtain call, the line will not have the right to all the warrants will be canceled, and the right line Investors will Panzhihua Steel Vanadium and before investors, to participate in the ownership of its major asset reorganization and access to the cash option eligibility.

钢钒GFC1今天是有权终止线，这也意味着，从明天开始，将正式钢钒GFC1谢幕，该行不会有所有权证的权利将被取消，并正确的路线，投资者将攀钢钢钒投资者之前，参与其重大资产重组和获得资格的现金选择权。

This reporter has learned that the major investors questioning the basis that the major shareholder of the Group of the previous nine rounds through the various means of invasion and occupation of the listed companies misappropriated more than 800,000,000 yuan of assets, resulting in the current debt-ridden companies, difficult situation, but also great for investors Loss.

据记者了解，主要的投资者质疑的基础上认为，前九轮小组通过的侵略和占领的上市公司大股东的各种手段侵吞超过800，000，000元的资产，在目前使得债务缠身企业，困难的局面，而且对投资者损失巨大。

Feng the assumption that the rich countries appear days 8%-10% of trading at a discount, then the bond fund investors, there will be 2-3 percent per year over the proceeds of this bond market is too attractive to investors, super - The obvious. As a result, a substantial long-term debt based discount the possibility of not.

风的假设是，富国天出现8％-10％的交易价格折扣，那么债券基金的投资者，将有超过这个债券市场的收益每年2-3百分之太对投资者的吸引力，超-明显的结果。，相当长期债务的折扣的可能性没有。

As with value investors, GARP investors try to find companies that are only temporarily down-and-out and that have some sort of catalyst for growth in the works.

同价值投资者相似，GARP投资者试图找到那些仅仅是暂时表现欠佳的公司，这种投资一定程度上又催化了一部分处于困境的企业的运作。

Secondly, we choose the proportion of shares held by institutions as dependent variable, and we use log of the total asset, volatility, beta, Jensen Index, debt-to-asset ratio, dividend yield, turnover ratio, years listed in exchange and HS300 Index dummy as explanatory variables. Then we set up a multiple regression model. Finally, we use the cross-sectional data from the end of 2006 to the end of 2007Q3 to test the relationship between the explanatory variables and the proportion held by institutions.

具体方法如下：首先，在已有研究成果的基础上，对我国机构投资者的审慎性持股偏好提出了两个假设；其次，以机构持股占个股流通盘的比例为因变量，以公司的总资产对数值、波动率、贝塔值、Jensen指标、资产负债率、股息率、年度换手率、上市年限为解释变量，并在引入沪深300虚拟变量后，建立了多元线性回归模型；最后，采用我国证券市场迎来历史性大牛市、机构投资者发展最为迅猛的2006年末-2007年3季末的四个横截面数据，对各解释变量与机构持股比例之间的关系进行了实证检验。

The State will protect the legal rights and interests of investorsinaccordance with the law and will not nationalise or expropriate the property of investors.

第四条 国家依法保护投资者的合法权益，对投资者的资产不实行国有化和征收

The text is divided into four parts:Chapter 1 mainly reviews the forepart theories of investors behavior and points out the deficiency and limitation of those theories.

本文共分为四个部分：第一章主要对早期投资者理论进行了回顾，并指出了早期投资者行为理论的不足及缺陷。

The presentation "Capital Market Perspectives in the 5th year of the Bull Market – Asset Allocation Strategies for an international Investor" by Kai Franke, Chief Investment Officer of BHF-BANK in Frankfurt, will give you a detailed outlook for the economic and financial market perspectives and offer advice on how to structure the portfolio of a private investor in the current market environment.

本次研讨会邀请来自德国法兰克福 BHF 银行的首席投资顾问 Kai Franke 先生，为您讲述"第5个牛市年资本市场透析–国际投资者资产配置策略"。会上他将带您透析未来经济和金融市场的前景，教授作为私人投资者，如何在当今的市场环境中选择和构建资产投资组合。

We encourage institutional investors and others whose business involves China to contact Tad Lipsky in our Washington, D.C. office, Hanno Kaiser in our San Francisco office or John Colahan in our London office, if they would like to submit comments or join others in submitting a consolidated response.

如有意对此意见稿发表评论或者加入提交联合意见的行列中，敬请机构投资者或者其他与中国有生意往来的投资者与我们华盛顿办公室的Tad Lipsky，或者旧金山办公室的Hanno Kaiser，或者伦敦办公室的John Colahan取得联系。

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。