资本基金

The social security fund and the portfolio investment fund can come into being benignancy interaction with the capital market, and the result of mutual benefit can be found by the internal requirement.

社会保障基金和证券投资基金不仅能与资本市场形成积极的良性互动，而且它们之间的内在需求还能达到"双赢"的效果。

The income or capital gain made by a mutual fund that is paid to the fund's investors.

分配 互惠基金的收入或资本利得支付给基金投资人的动作称为分配。

Commercial banks allowed to sponsor funds management companies, they can develop funds activities on the condition that groups undertake mixed-operation while its funds filiation only can undertake its own activities. In fact, this is an important act for Chinese commercial banks to impulse to commingle all kinds of activities. Also, this act should be favorable to healthy capital market's developing and financial reform deepening. In addition, this act makes sense to change unbalance financing structure, the single assets structure of commercial banks, and to improve the international competition strength of Chinese financial industry.

允许商业银行投资设立基金管理公司，商业银行在"集团混业"、"公司分业"的条件下开展自营投资基金业务，是提高中国银行业综合竞争能力的一项重要举措，有利于促进资本市场健康发展，也有利于促进金融改革的深化；并且，对于解决我国当前融资格局失衡，改变商业银行较为单一的资产结构，提高金融业的国际竞争力，具有重要的意义。

Second chapter: Because the capital market development condition has the direct influence to the insurance fund utilization, therefore elaborated the capital market development in this to the insurance investment support and the impetus function, explicit insurance fund investment capital market significance.

第二章：由于资本市场的发展状况对保险资金的运用有着直接的影响，所以在此阐述了资本市场发展对保险投资的支持与推动作用，明确保险基金投资资本市场的意义。

Fund and the Fund's standard valuation of the investment logic, there is hot money floating capital stock of the art and means Trader, these two forces of good and evil may not failed good or bad, who led all market launch Is a good thing, should be welcomed, should follow.

基金和基金投资估值的逻辑标准，有热钱流动的艺术资本存量和交易手段，这两种力量的善和恶未必没有好或坏，谁带领所有市场推出是一件好事，应该受到欢迎，应该遵循。

However, the deep bear market of 2004, in the capital markets continued to decline in the securities industry losses, making entrusted to carry out on behalf of A shares of the investment management of social security funds can not be an exception, as far as Notice the year showed that as at December 31, 2004, the National Social Security Fund assets amounted to 171,144,000,000 yuan, assets of the floating stock losses 203,000,000 yuan, to reduce losses by profit 919,000,000 yuan.

然而，2004年深的熊市在资本市场上，继续下降，证券业的损失，委托进行的社会保障基金投资管理的A股名义进行决策不能成为例外，就在今年公告显示，截至04年12月31日，全国社会保障基金的资产总额为1711.440亿元，股票的浮动亏损2.03亿元的资产，以减少利润损失9.19亿元。

Philipp Hildebrand, vice-chairman of the Swiss National Bank, who spent five years at Moore Capital, a hedge fund, argues that prime brokers need tools to assess the aggregate risk exposure of their biggest hedge-fund clients to the entire universe of their peers.

瑞士国家银行的副主席菲利普·希尔德布兰德在摩尔资本管理公司对对冲基金花了五年心血，他认为经济人们需要一些手段来对付不断聚集的风险，这些风险来自他们最大的对冲基金客户。

It can be seen that China's capital market has undergone a great change. Besides China's stock market and bond market, there are many kinds of venture in－vestment funds and direct investments from abroad.

可以看到，中国的资本市场发生的变化是很大的，除了中国的股票市场、债券市场外，来自外国的风险投资基金、外国直接投资等资本的种类还是很多的，中国资本市场的范围在不断拓宽。

GGP's board rejected that and put together a recapitalisation plan under which the mall owner would receive about $6.5bn in additional capital from Brookfield, Fairholme Capital Management and Bill Ackman's Pershing Square hedge fund.

GGP董事会拒绝了这一报价，并提出一项资本重组计划。根据该计划，GGP将从布鲁克菲尔德、费尔霍姆资本管理公司和比尔。阿克曼的潘兴广场对冲基金得到约65亿美元的新增资本。

Reporters that, in order to fund more real net worth, the valuation of the China Securities Industry Association fund organizations in the industry working group on the strength of foreign stock valuation method used for a preliminary study on the basis of The introduction of index gains law, company law than the market price of the model law, capital asset pricing model, and other four methods for fund companies for information.

记者说，为了更加真实的基金净值，对中国证券业协会工作的外国股票估价为1的基础上，初步研究小组使用的方法的优势产业基金组织的估价该指数收益法的引进，公司法律以外的示范法，资本资产定价模型的市场价格，和其他4种方法对基金公司的信息。

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。