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This paper analyses the homogenous tendency of open-end fund at first,pointing out that unperfect development of market and investors' immature investment opinions is the origin of such phenomena. Secondly,having compared the fund sizes and purchase fee rates of 25 open-end funds in China,conclude that there are problems of diseconomy of scale and indistinctive relativity between fees and achievement in Chinese open-end funds. Then this paper introduces benefit and cost function to analyze the problem of lack of motivation and constrain mechanism towards fund managers because of unreasonable fees in China. Thirdly,this paper analyze funds managers' normal hazards by static game model,and then points out fund managers have serious tunneling behaviors in Chinese open-end fund industry. In the end,this paper analyzes the causes of liquidity risk of open-end fun and the particularity of liquidity risk of open-end fund in China,and concludes that liquidity risk in Chinese open-end fund industry is higher through calculating the rates of share change and comparing the portfolio selections of top 20 open-end funds in China.

本文首先分析了我国目前存在的基金产品同质化现象,指出市场发展的不完善以及投资者投资理念的不成熟是同质化的根源所在;其次对比了我国现有的25只开放式基金的规模和申购费率,得出了我国开放式基金存在着规模效应不明显以及基金业绩与费率相关性不强的问题,并引入效益函数和成本函数分析了由于我国开放式基金费率不合理引发的基金管理者激励约束机制缺失的问题;再次,应用静态博弈模型分析了基金管理人面临的道德风险,指出目前我国开放式基金由于监管机制脆弱而存在着较为严重的管理者利益输送行为;最后,分析了开放式基金流动性风险的形成原因以及我国基金市场流动性风险的特殊性,并通过计算目前我国基金资产规模前20位的开放式基金的份额变动率以及比较它们的投资组合结构,得出了目前我国开放式基金流动性风险偏大的结论。

By anodizing the inharmoniousness between the characteristics of harmonious society with our country's economy and society,this paper explores the relationshi...

本文从分析和谐社会的特征和我国经济社会的不和谐表现入手,探究经济法与和谐社会的关系,指出经济法对和谐社会的建设具有的平衡、调控和分配功能,并指出经济法在和谐社会视野下,应该完善我国社会保障和分配制度、加强宏观调控、建立和完善城乡和区域和谐发展制度。

This paper points out the collaborative design oriented concurrent engineering includes two meanings.One is the design idea oriented concurrent engineering,the other is collaborative design based on web.2.This paper makes a general analysis of the context and research actuality of cooperative product commerce,and then points out that CPC is a kind of management idea and technical realization system based on cooperative product development,and it is a normalized method which comes out of the development ,change and introjection of external demand,management idea and IT tools in the aspects of cooperation,products and commerce.

同时指出面向并行工程的协同设计包括两方面的含义:面向并行工程的设计思想和基于网络的协同设计。2、论文对协同产品商务的产品背景、研究现状作了全面的分析,指出协同产品商务是基于协同进行产品开发的一种管理理念和技术实现体系,同时它也是客观需求、管理理念以及IT工具在协同、产品、商务三个方面不断发展、演变和相互渗透融合而出现的一种归一化方案。

There were three major findings.(1) On the basis of the assessment of overall model fit and parameter estimates, the hypothesized second-order confirmatory factor analysis model represented an adequate fit to the sample data.(2) According to the cross-validation analysis, the second-order factorial validity of this scale was very stable.(3) This hypothesized model was invariance across these five important demographical variables, including school, gender, grade, right/left-handedness, and past experience in unintentional injury, via the testing of invariance in the multiple groups.

结果有三项主要的发现:第一、经整体暨个别的残差分析、整体模式之适配与其取代指标,以及估计参数之统计考验等结果,均指出假设此量表为二阶因素分析测量模式是相当恰当的;第二、经交互确认效度分析结果,显示此量表之二阶潜在因素结构是非常稳定;第三、经多组别不变量统计考验结果,指出此量表之二阶潜在因素结构,对於学校别、性别、年级、用手习惯,以及过去伤害经验这些社会人口变项,大致上具有因素个数、因素负荷量、因素变异数,以及测量误差变异数等不变量的特性。

Many studies have reported that Klebsiella pneumoniae is associated with ankylosing spondylitis but the mechanism of pathogenesis is remained unclear. The endoplasmic reticulum stress would be induced upon exposure of decapsulated KP in HLA-B27 expression B lymphoblast CA46 cells and non-HLA-B27 expression U937 monocytes. Our previous studies demonstrated that decapsulated KP could up-regulate BiP/Grp78 and calreticulin expressions in a dose- and time-dependent manner. We screen more than 60 kinds of traditional herbs and bioactivity agents and we found that berberine,taurine,extracts of Andrographis paniculata Nees.

许多研究指出克雷伯氏肺炎杆菌和僵直性脊椎炎有相当的关系,但是致病机制仍然不是很清楚,因此我们使用去荚膜克雷伯氏肺炎菌来诱发表现HLA-B27的CA46 B淋巴球母细胞、不含HLA-B27的U937单核球细胞可以产生内质网压力,我们先前的实验指出,随著剂量增加,去荚膜克雷伯菌能够过度调控内质网压力指标蛋白质BiP和Calreticulin表现增加。

In this paper, the imprecise proofs existing in some literatures are firstly pointed out. Then, the local convergence is proved in a new way and the condition of convergence to the local maximum point is offered. Finally, the geometrical counterexamples are provided for explanation about convergence of Mean Shift and the conclusion is further discussed.

首先指出了Comaniciu和李乡儒的证明过程存在错误;然后,从数学上重新证明了Mean Shift算法的局部收敛性,并指出其收敛到局部极大值的条件;最后,从几何上举反例分析了Mean Shift的收敛性,并进行了深入比较和讨论。

Based on consider hereinbefore, this dissertation discusses several aspects on the problem of the sustainable and optimum exploitation of groundwater resources as follows:①reviewed entirely the origin and evolvement of the concept "sustainable development", stated and commented the study status in queue on"sustainable development"around national and international range, thorough discussed the science connotation about the concept "sustainable development";②looked back and commented across-the aboard some furthest basic concept and proposition related to groundwater resources, put forward self opinions on a few existent mistake points of view and chaos understandings;③expatiated entirely on the content and meaning of the theory of changeable groundwater resources system, contrast with the traditional methods of groundwater resources calculation and evaluation, combined example to show the application of this theory;④thorough analyzed the difficult and complexity to forecast the groundwater resources, fully stated the traditional methods of groundwater resources forecasting, pointed out the characteristic and applying condition of these forecasting method, introduced the main ideas and methods of wavelet analysis developed recently, and the MATLAB software be known as the fifths era computer language, and its accessory wavelet analysis toolbox, applied these methods and tools to analyze the groundwater dynamic curve, adopted the B-J method and Morte-Carlo method, combined with the theory of changeable groundwater resources system, discussed the new view on the forecast of groundwater resources;⑤synthetically analyzed the characteristics and limitations of the present all kind of groundwater manage model, combined mathematical programming, mathematical statistics, random process and the theory of variation system of groundwater resources on the unite optimum attempter of surface water and groundwater, emphasized how to make the model more nicety, more simple, more practicality;⑥analyzed the inside condition and outside condition to assure the sustainable and optimum exploitation of groundwater resources, the inside conditions are the follows: correct resources idea, scientific methods of resources calculation and evaluation, credible forecast methods of resources, exercisable measures of resources management, the outside conditions are the follows: the development idea of high layer, the transform of manage system, the matched policy and rule of law, the adjusted of economy lever, the improve of cultural diathesis, the boosting up of water-saving consciousness and detail measures, the control of population rising, the prevention and cure of water pollute, the renew and rebuild of ecology;⑦scan the sustainable and optimum exploitation of groundwater resources from the high level of metagalaxy, earth system science, and philosophy;⑧point out the more directions on groundwater resources.

它将为制定水资源的可持续发展目标和战略决策提供科学依据,为制定社会、经济可持续发展战略提供理论基础。基于以上考虑,论文主要从以下几方面对地下水资源可持续开发问题进行了比较深入的探讨:①全面回顾了"可持续发展"概念的由来与演变,对国内外"可持续发展"的研究现状进行了述评,并对"可持续发展"概念的科学内涵进行了深入探讨;②对涉及地下水资源的一些最基本的概念和命题进行了全面的回顾和评述,对目前仍然存在的一些错误观点和混乱认识提出了自己的见解;③全面阐述了地下水资源变值系统理论的内容和意义,并与传统的地下水资源计算评价方法进行了对比分析,结合实例具体说明了方法的应用;④深入分析了地下水资源预测预报工作的极端重要性和复杂性,对传统的地下水资源动态预测方法进行了全面的评述,指出了各类预测预报方法的特点及适用条件,对最近二十多年刚发展起来的小波分析技术的主要思想和方法及其应用范围,以及号称第五代计算机语言的MATLAB软件和附带的小波分析工具箱进行了介绍,并应用于地下水动态过程线的分析,采用时间序列中的B-J法,蒙特卡罗方法,与地下水资源变值系统理论相结合,探讨了地下水动态资料分析和地下水资源预测预报的新思路;⑤综合分析了现今各类地下水管理模型的特点及缺陷,将数学规划、数理统计、随机过程等与地下水变值系统理论相结合进行地表水地下水或多水源的联合优化调度,使模型更准确、更实用;⑥对保证地下水资源可持续开发的内部条件和外部条件进行了分析,内部条件主要是正确的资源观,科学的资源计算与评价方法,可靠的资源预测预报技术,可操作的资源管理措施,外部条件主要是高层发展思路、管理体制的变革、配套的政策法规、经济杠杆的调节、人文素质的提高、节水意识的增强及具体节水措施、人口增长的控制、水体污染的防治、生态的恢复和重建等;⑦从宇宙科学、地球系统科学及哲学的高度审视地下水资源的可持续开发;⑧指出了地下水资源可持续开发的进一步研究方向。

But now we can see that even if Jackson and Chalmers' thought experiments show something about what can be extracted a priori from microphysics, they don't show any disanalogy between the concept of consciousness and the concept of water.

但是,现在我们能够明白这,即使Jackson的和Chalmers的思想实验指出某种关于'究竟哪些可以从微观物理学先天得到'的事情,它们也不能指出在'意识概念'和'水概念'之间任何的不类似。

Joint Lebanesearmy and security forces sit in their Armored Personnel Carrier during a patrol at the Lebanese southern village of Deir Mimas near the Lebanese-Israel border, on Monday Aug.

巴勒斯坦外长奥贝德在对记者的讲话中指出黎巴嫩的行为不过是对以色列进行侵略活动所作出的反应,他还指出以色列就巴以边境的紧张局势加剧应该受到指责。

The aim of this paper is to answer the query on the foundation of quantum mechanics advanced by Tao Zongying in articles,Acta Mathematica Scientia,1982,2(2):183~192 and Acta Photonica Sinica,1997,26(9):769~770.It is shown,based on the globalism concept in quantum mechanics,that Landau and Lifshitz′s momentum probability distribution function of a particle in a one dimensional infinitely deep square potential well is correct,and that Pauli and other′s distribution function is incorrect.The problem of mome...

本文回答了文献1~2对量子力学提出的疑问基于量子力学的整体性概念指出,Landau和Lifshitz给出的一维无限深方势阱中粒子的动能概率分布函数是正确的,Pauli等人给出的概率分布函数是不正确的从量子测量理论的角度讨论了一维谐振子的动量概率分布问题,并且指出势能大于本征能量的概率不为零并不表示存在负动能的概率分布区域

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推荐网络例句

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm~150rpm时取得最大值,此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世,形体几无变化。

When I was in school, the rabbi explained everythingin the Bible two different ways.

当我上学的时候,老师解释《圣经》用两种不同的方法。