资本基金

Take into account the social security fund has the characteristics of long-term investors, even if realized will be to re-enter the capital market, according to the market share of 10% of the proportion of state-owned shares will be allocated to the social security fund, in a sense no Will be different from the social security fund as a buffer state-owned shares reduction of the reservoir, which will also be more beneficial to the stability of the market and steadily recovering.

考虑到社会保障基金的长期投资者的特点，即使实现将重新进入资本市场，根据10个国家的比例％的市场份额，拥有股票将分配给社会保障基金，在一定意义上从没有将作为缓冲国的社会保障基金不同，国有股水库的减少，也将更有利于市场的稳定和稳步回升。

Finding the way to protect raising the value of the social security fund and the capital market.

对我国社会保障基金在现实环境下提出与资本市场相结合的发展模式，从而实现资本市场与社会保障基金的合理运行。

Topview data show that the Fund in October after a drop shipment, November 4 rebound since the Rizhao Port, taking advantage of strong capital to buy the time difference to win the short, the fund once again play the "air force commander "role, a number of trading days this month, the Fund quickly cashed in on more than 146 million yuan in Rizhao Port.

Topview数据显示，10月份下降后，发货，11月4日以来，日照港反弹基金，利用雄厚的资本优势，以购买时间差赢得短，该基金再次扮演"空中部队指挥官"的角色，一个交易天数本月初，基金迅速兑现在超过1.46亿人民币，在日照港。

Based on a specific analysis on the strategy and operation of Hedge Fund, this text try to give a just and objective analysis of it from the perspective of micro market function and macro market function, and try to put forward reasonable suggestions of its future development on the basis of analysis on the necessity and possibility of development.

本文试图在详细分析对冲基金策略及运行的基础上，从微观和宏观市场功能的角度对于作为投资手段的对冲基金给出公正、客观和尽量不带感情色彩的阐释与评价，然后分析对冲基金在我国发展的必要性和可能性，并期望提出我国发展利用对冲基金的合理建议，以应对资本市场逐步放开条件下对冲基金的可能出现。

Center is located at the vortex of the financial crisis in the hedge fund industry suffered heavy losses, at least 350 were out of funds (including hedge funds Peloton Partners in London's size 1.8 billion U.S. dollars of hedge fund ABS Fund, another total Department of the London-based hedge fund MKM Longboat Capital Advisors LLP has no choice but to shut down its 1.5 billion U.S. dollars of the multi-strategy fund).

中心是在对对冲基金行业的金融危机的旋涡中位于损失惨重，至少有350人进行资金（包括对冲基金在伦敦的尺寸1.8亿美元的对冲基金获取和惠益分享基金美元珀莱东伙伴另一位伦敦总部的对冲基金资本顾问威宝朗伯特事务所别无选择，只能关闭其15亿美元的多策略基金）。

Therefore, simply demonstrating different funds has not much meaning. The innovations of this article lie in the following two parts: firstly, put forward the three factors that determine the successfulness of fund product innovation: market demand, market status quo and market forecast.

因此，单纯地介绍不同的基金产品并无太多意义，本文的创新之处在于：首先，提出决定基金产品创新成功的三大因素——市场需求、市场现状和后市研判；其次，结合中国资本市场的现状，具体问题具体分析，指出适合中国客观现状的基金产品设计思路。

Evergreen fund: A fund that reinvests its profits in order to ensure the availability of capital for future investments.

万年青基金。将基金经营利润再投资于本基金，以确保未来的投资项目投入的资本需要。

At the same time, AIA Huatai Fund's total investment in China's capital market, fund performance all depends on the performance of China's capital market, not overseas markets.

同时，友邦华泰基金在中国资本市场的总投资，基金的表现都取决于中国的资本市场表现，而不是海外市场。

The difference is that, in the initial stage of innovations of pension system, draconian quantity regulation were put on the investments of pension funds; but with the deepening of pension system, the investment regulation to pension funds rums gradually to more relaxed prudent man rules, in order to direct investment management process, not to control their outcome.

而我国的现状是养老金系统的改革才刚刚起步，社保基金和企业年金尝试性地进入资本市场才只有不到2年的时间，我国证券市场的历史才只有不到15年的时间。而养老基金进入资本市场是实现保值增值必须的途径。

By reallocating across different mutual funds , retail investors reduce their wealth in the long run .

基金的资本是傻钱，由于在不同基金中重新分配资本，散户在长期中降低了他们的财富。

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。