股

The effect of the steel sector weight is more apparent in period of an expansion cycle compared to that in a period of a whole economic cycle. The hypothesis was further confirmed during the course of data sampling. Overall, in the various stages of the economic cycles, as the weight of cash deposit decreases, the expected return of portfolio amplify, while the overall risk raises as well.B. The optimal asset allocation strategy, which is subjected to the current rules and regulations, imposed the authority.

若进一步允许风险值趋近於0，适度增加风险以期获取更高报酬，实证显示全循环期与景气扩张期之债券投资部位略降，惟仍达82%以上，其中全循环期之股票类股比重由2.7%增加至9.8%，且由原配置在钢铁类股增加塑胶类股有分散类股之效果；而景气扩张期之股票部位由比重3.4%，经调整VaR值后，比重增加至15.5%，分别配置在钢铁类、金融保险、电子及塑胶等四类股以钢铁类股比重较高。

Company said Mao Building industry since October 2008 the company began holdings A shares, the transaction price of District 324 yuan/share -3.97 yuan/share, as of November 3 closing, Shigeru industry Building the company a total of 8,191,418 shares held by company A shares; concerted action since the National People's Congress in October investment holdings company started B shares, the transaction price of 1.69 Hong Kong dollar area/-2.17 HK shares/shares, as of yesterday's close, large investment in China a total of 3,051,800 shares held by company B shares.

公司表示，金茂大厦业自2008年10月，公司开始持有A股，区交易价格三百二十四元/股-3.97元/股，截至11月3日收盘，茂业大厦该公司总由公司A股，自全国人大协调一致的行动在10月的投资控股公司持有的8191418股B股开始，对1.69港元area/-2.17香港股票/股，交易价格为昨日收盘，在中国大量投资一个由公司持有305.180万B股股份总数。

Disclosed today, the company on November 3 Shenzhen securities trading system after closing Shenzhen received Mao Building Industry Co., Ltd. fax letter, Mao Building industry since last month the company began to buy the company A shares, the transaction price of District 324 yuan/share -3.97 yuan/share, as of November 3 closing, Mao Building Industry Total 8,191,418 shares held by company A shares; Mao Building industry investment concerted action the National People's Congress Co., Ltd. since Last month, the company began to buy B shares, the transaction price of 1.69 Hong Kong dollar area/-2.17 HK shares/shares, as of November 3 to close, large investment in China a total of 3,051,800 shares held by company B shares.

深国商今天透露，该公司于11月结束后深圳3深圳证券交易系统收到的金茂大厦实业有限公司传真信件，金茂大厦自上月该公司开始收购该公司业股，交易价格区三二四元/股-3.97元/股，截至11月3日闭幕，毛泽东建筑行业共8191418由公司A股股票；金茂大厦产业投资协同行动的全国人大有限公司持有的股份自上个月有限公司，该公司开始购买B股，在一点六九港元area/-2.17香港股票/股，交易价格为11月3日结束，在中国大的投资，持有股份的305.180万公司B股。

To be able to grasp more opportunities for sex crimes at the same time the relatively high use of three-station configuration, to operate a computer, here are divided into A Computer, B Computer and C computers, computer A computer-based operations, the main task is to buy and sell orders operations and holdings of individual stocks that have been tracked so that the best point and fled the country, late in the day or night, werewolves are the technical stock selection, with the potential to become a dark horse, or it is possible to start the second Stock elected, put into the C computer Optional Share Lane, B computer is a laptop, while wirelessly with a broadband connection, broadband and sometimes dropped to avoid or segment of electricity causes can not be traded, the general cases, the task of the computer B is always concerned about the A shares and Hong Kong stock market trend in broader market, in the opening period of time, C is Optional Share computer display, and interface options with the four shares of K-line column, and set to automatically turn the industry, so that If the C Optional Share computer technology, there are individual stocks will soon reach the selling points, werewolves can be found in the first time and simultaneously enter the code in the A computer, using keyboard shortcuts with the fastest speed for the next single!

为了能够把握更多的机会，狼人同时运用3台配置相对较高的电脑进行操作，这里分为A电脑、B电脑和C电脑，其中A电脑为主操作电脑，主要任务就是进行买卖下单操作和对已经持有的个股进行跟踪，以便在最佳点位出逃，在每天的盘后或者是晚上，狼人都会进行技术选股，把有可能成为黑马或者是有可能二次启动的股票选出，放入到C电脑的自选股里，B电脑是笔记本，同时以无线方式与宽带连接，避免了有时宽带掉线或者是段电的原因造成无法进行交易，一般情况下B电脑的任务是随时关注A股大盘和港股大盘走势，在开盘的时间内， C电脑显示为自选股，同时界面上选择4股K线同列，并设置为自动翻业，这样，如果在C电脑的自选股中有个股即将到达技术买点，狼人可以在第一时间发现并同时在A电脑中输入代码，使用键盘快捷方式以最快速度进行下单！

In empirical study section, totally 40 agricultural listed companies were chosen as samples and 2002,2003,2004 as timeline studied and five variables of ownership concentration and three variables of ownership structure and two variables of controlling were defined. With the method of principal components the comprehensive variable of corporate performance was defined.

在实证分析部分，笔者以农林牧副渔类共40家上市公司为总样本，以2002年至2004年三个年度为考察期间，确定了股权集中度的五个指标(第一大股东持股比例、前五大股东持股比例的平方和、前五大股东持股比例之和、第一大股东和第二至第五大股东持股比例之和的差以及第一大股东与第二大股东持股比例的比值)，股权构成的三个指标(国有股比例、法人股比例和流通A股比例)，两个控制变量，采用主成分分析法确定了经营绩效的衡量指标，采用实证分析和规范分析相结合的方法，运用Eviews和SPSS统计软件，分析了我国农业上市公司的股权结构和经营绩效的关系。

For the third part, give a general illustration on the main contents of the collecting of Chuan- Han Road Rental Stocks mainly from the four aspects as follows: analysis of Chuan-Han Road Rental Stocks and stocks in other provinces, analysis of Chuan-Han Road Rental Stocks and some other kinds of stocks in Sichuan provinces, analysis of Chuan-Han Road Rental Stocks in different parts of Sichuan, and analysis of Chuan-Han Road Rental Stocks and other tallage in Sichuan province.

第三部分，主要从川路租股与他省租股的分析、川省租股与川省其他类型股款的分析、川省不同地方租股的分析、川省租股与川省其他捐税的分析四个方面对川路租股征收的主要内容作一简单的论述。

In my viewing the Sea from that Hill where I stood, I perceiv'd a strong, and indeed, a most furious Current, which run to the East, and even came close to the Point; and I took the more Notice of it, because I saw there might be some Danger; that when I came into it, I might be carry'd out to Sea by the Strength of it, and not be able to make the Island again; and indeed, had I not gotten first up upon this Hill, 1 believe it would have been so; for there was the same Current on the other Side the Island, only, that it set off at a farther Distance; and I saw there was a strong Eddy under the Shore; so I had nothing to do but to get in out of the first Current, and I should presently be in an Eddy.

从我所站的小山上向海上放眼望去，看见有一股很强很猛的急流向东流去，差不多一直流到那岬角附近。我进一步仔细地观察了一下，因为我发现，这股急流中隐藏着危险。如果我把船开进这股急流，船就会被它冲到外海去，可能再也回不到岛上了。说真的，假如我没有先爬上这座山观察到这股急流，我相信一定会碰到这种危险的。因为，岛的那边也有一股同样的急流，不过离海岸较远，而且在海岸底下还有一股猛烈的回流；即使我能躲过第一股急流，也会被卷入回流中去。

In this round of global stock market adjustment, the Hang Seng Index has fallen far less than the Shanghai Composite Index, but Hong Kong shares end stronger reason, there are several: First, A shares The current average price-earnings ratio of 15 times, while Hong Kong stocks average price-earnings ratio of only 8 times, funds flow to the lower, resulting in the recent Hong Kong stocks rose, while the A shares are still hesitate to move forward; Secondly, the central rate repurchase focus on the H shares, a price comparison of the most typical is now China's oil price of A shares for more than 10 yuan, while the H shares with the right stocks, only 5 more than the Hong Kong dollar, of course, which流通盘size factor, but China's oil major shareholders to buy back its own shares will not take this factor into consideration, if the major shareholders have to consider if the cost of repurchase, H shares more attractive is beyond doubt; and thirdly, the size of the non-lifting of the ban is still in circulation is the pressure in the A share market, the head of a big mountain, but a typical example is the recent Haitong Securities to the size of the non-lifting of the ban period, the outstanding shares for 2.3386 billion shares of Haitong Securities, the size of the non-even up to 79.9396 billion shares, although the size of non-release is gradual, all in circulation there is a process, but it hung a "barrier lake" effect of the market fears.

恒生指数的跌幅远远高于上海综合指数，但香港股市年底更有理由较少，有几个：首先，A股目前的平均价格市盈率为15倍，而香港股市的平均市盈率仅8倍的比例，资金流量较低，在最近香港股市上涨造成的，而A股仍毫不犹豫地向前推进；第二，中央率，H股回购的焦点，一个最典型的价格比较现在是中国的石油A股超过10元的价格，同时拥有股票的H股中，只有5比港币，当然，而流通盘的大小的因素，但中国的石油大股东回购自己的股票将不考虑这一因素，如果大股东要考虑如果回购成本，H股更具吸引力是毋庸置疑的，第三，大小非解禁仍是流通是在A股市场的压力，一座大山的头部，但一个典型的例子是最近海通证券的大小非，禁售期间解除为2338600000的海通证券，在大小非流通股股份，甚至高达799.396亿股，虽然大小非释放是渐进的，所有流通有一个过程，但挂着&堰塞湖&影响市场的担忧。

In this round of global stock market adjustment, the Hang Seng Index has fallen far less than the Shanghai Composite Index, but Hong Kong shares end stronger reason, there are several: First, A shares the current average price-earnings ratio of 15 times, while Hong Kong stocks average price-earnings ratio of only 8 times, funds flow to the lower, resulting in the recent Hong Kong stocks rose, while the A shares are still hesitate to move forward; secondly, The focus of the central enterprises to buy back into the H shares, a price comparison of the most typical is now China's oil price of A shares for more than 10 yuan, while the H shares with the right stocks, only 5 more than the Hong Kong dollar, of course, there are流通盘size factor, but China's oil major shareholders to buy back its own shares will not take this factor into consideration, if the major shareholders have to consider if the cost of repurchase, H shares more attractive is beyond doubt; and thirdly, the size of the non-lifting of the ban circulation is still pressure in the A share market, the head of a big mountain, but a typical example is the recent Haitong Securities to the size of the non-lifting of the ban period, the outstanding shares for 2.3386 billion shares of Haitong Securities, the size of the non-even up to 79.9396 billion shares, Despite the size of the non-release is gradual, all in circulation there is a process, but it hung a "barrier lake" effect of the market fears.

恒生指数的跌幅远远高于上海综合指数，但香港股市年底更有理由较少，有几个：首先，A股目前的平均价格市盈率为15倍，而香港股市的平均市盈率仅8倍的比例，资金流量较低，在最近香港股市上涨造成的，而A股仍毫不犹豫地向前推进；第二，重点中央企业将购回的H股，一个最典型的价格比较现在是中国的石油A股超过10元的价格，同时拥有股票的H股中，只有5较港元当然，有流通盘的大小的因素，但中国的石油大股东回购自己的股票将不考虑这一因素，如果大股东要考虑如果回购成本，H股更具吸引力是毋庸置疑的以及第三，大小非流通的禁令解除仍然在A股市场的压力，一座大山的头部，但一个典型的例子是最近海通证券的非规模的解除班期间，二十三点三八六亿海通证券，在大小非流通股股份，甚至高达7993960.0万股份，尽管大小非释放是渐进的，所有的流通有一个过程，但它挂1 &堰塞湖&市场担忧的影响。

Just as I had set my Mast and Sail, and the Boat began to stretch away, I saw even by the Clearness of the Water, some Alteration of the Current was near; for where the Current was so strong, the Water was foul; but perceiving the Water clear, I found the Current abate, and presently I found to the East, at about half a Mile, a Breach of the Sea upon some Rocks; these Rocks I found caus'd the Current to part again, and as the main Stress of it ran away more Southerly, leaving the Rocks to the North-East; so the other return'd by the Repulse of the Rocks, and made a strong Eddy, which run back again to the North-West, with a very sharp Stream.

我刚竖起桅杆张好帜，船就开始向前行驶了。我发现四周水色较清，知道那股急流在附近改变了方向。因为，水急水则浊，水缓水则清，我知道那股急流在这儿已成了强弩之末了。不久我果然发现，在半海里以外，海水打在一些礁石上，浪花四溅。那些礁石把这股急流分成两股，主要的一股继续流向南方，另一股被礁石挡回，形成一股强烈的回流，向西北流回来，水流湍急。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了