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The final conclusion is that the restraint conditions of establishing zero-coupon bond yield curve in China are mainly the lack of samples in bond market of exchange and the lack of authenticity of data in inter-bank bond market.

最后的结论是,中国零息票债券收益率曲线构造的约束条件主要有交易所债券市场样本不足和银行间债券市场数据失真。

No matter what the historical evolvement is analyzed or the theoretical frame is established, all have an important purpose that they serve the realistic analysis for China. Chapter five and chapter six of the dissertation base themselves upon realistic constraint of China, probing respectively the establishment of the zero-coupon bond yield curve of China, and the measurement and management of interest rate risk in commercial bank of China, by using the theoretical frame established before.

无论是分析历史演变,还是构建理论框架,都有一个重要目的,就是服务于对中国的现实分析,论文的第五章和第六章都是立足于中国的现实约束,运用前面构造的理论框架,分别探索中国的零息票债券收益率曲线的构建和中国的商业银行利率风险的度量与管理。

In the part of model establishment and empirical analysis, the dissertation using the international popular models, spline model and Nelson- Siegel model, to establish the zero-coupon bond yield curve in China and also analyze and appraise the result.

在模型构造及实证分析部分,论文运用现在国际上流行使用的样条函数模型和Nelson—Siegel模型构造了我国的零息票债券收益率曲线,并对估计结果作出了分析和评价。

In accordance with the contract set, the structural security of the notes corresponding to the funds through a certain degree of structure and mechanism of the full allocation of the proceeds in assets and capital preservation assets, including assets, income, the ratio of fixed-income goal of 45%(20% to 70 % Floating), the target ratio of 35% of the shares (10% and 60% floating), the real estate trust the target ratio of 10%(a maximum of 15%), commodity funds target ratio of 15%(a maximum of 15%); capital preservation assets are invested in zero-coupon notes.

按照合同规定的规定,票据的对应资金结构的安全性通过结构和在资产和资本保全资产,包括资产,所得收入全部分配机制一定程度时,固定收益率目标的45%(20%至70%浮动),有35%的股份目标比例(10%和60%的浮动),房地产信托10%的目标比例(15%最大),商品资金15%的目标比例(15%为上限);资本保全资产投资于零息债券。

The third section establishes zero-coupon bond yield curve based on restraint conditions. The contents refer to data collecting and data handling, model establishing under restraint conditions and empirical analysis.

本章的第三节是在约束条件下构造中国的零息票债券收益率曲线,内容涉及到约束条件下的数据采集及处理、约束条件下的模型构造及实证分析两个方面。

The industry has high gross profit margin due to the protect of government. At the same time, Chinese Traditional Medicine has slow increase rate and low return on net assets compared with other medicine industries.

中药行业受到政策的一定程度上的保护,使得行业的毛利率较高,但与医药行业的其它部门相比较,中药工业增长缓慢,收益率较低。

It owns top-rated corporate bonds with yields of about 6.5%, investments that found popularity in recent weeks.

该基金目前持有着收益率大约为6.5%、拥有最高评级的公司债券,这是最近几周广受欢迎的投资产品。

Provincial first round of this competition and the national finals of the stipulated period, contest participants will be based virtual accounts to determine return on equity ranked player and the winners advance.

省本次大赛的决赛和国家规定的期限的第一轮,参赛者将根据虚拟账户,以确定净资产收益率排名的球员,获胜者前进。

We estimate Cox Proportional Hazards models to test whether factors identified by our theoretical framework significantly impact the probability of post-IPO profitability as a function of time.

我们通过评判考克斯比例风险模型来检验我们运用理论框架识别的因素,这些因素作为时间的函数是否对公司上市后的收益率产生重要的影响。

Some institutions believe that they get a higher return on investment from OSS .

一些机构相信,他们从 OSS 得到更高的投资收益率

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