长期证券

In chapter two, this paper has made and explained operation course, the definition of the security investment fund and net value computing technology of the security investment fund at first; this paper uses time the analytical method of the array to analyse the array of net value of the fund, divide which into secular trend array , season index array , circulation fluctuate index array and random fluctuate index array and analyse them respectively.

在第二章，本文首先对证券投资基金的运作过程、证券投资基金的定义及净值的计算方法作了阐述，随后本文运用时间序列分析方法对基金净值序列进行分析，将其分解为长期趋势序列、季节指数序列、循环波动指数序列和随机波动指数序列并分别对其进行分析。

The investment banker is the middleman between company and investor.

投资银行的主要功能就是为公司销售长期证券。

States Securities analyst Zhang Xiang told the chief strategy "investors" correspondent, in the third quarter of QFII's favor is not a cyclical industry, but is expected to be the industry's adjustment cyclical win the leading companies, such Leading enterprises in the short term will continue to fall, but have long-term investment value, QFII can put up with this short-term decline in real estate, for example, after the market out, the resources to focus on leading enterprises in the QFII It seems that now is the distribution of long-term A good opportunity.

美国证券分析师张香告诉首席战略"投资者"，记者在QFII的青睐第三季度，不是一个周期性的行业，但预计该行业的周期性调整，赢得了领先的公司，如龙头企业在短期内将继续下降，但长期投资价值，合格投资者可以忍受这短暂房地产长期下跌，例如，退出市场后的资源集中于它的QFII的龙头企业看来，现在是长期分配长期一个很好的机会。

Is more important to create a favorable market environment, in order to promote long-term stable development of the securities market.

更重要的是创造一个良好的市场环境，以促进长期证券市场的稳定发展。

And the superior decision-making is selected which base on completely check and the staidness investigate and make the best of the data to calculate and scientific calculation .the second aspect analyses the investment of stock cerificate: the purpose that enterprise invests long-term stock certificate is obtain the certain investment income by making use of the idle funds .in the long-term stock certificate, investor the appearance of option is another revolution in decision-making..

第二方面从证券投资进行分析：企业进行长期证券投资的目的是为了利用闲置资金来获取一定的投资收益。

In the long-term stock certificate, investor the appearance of option is another revolution in decision-making..

在长期证券投资中期权的出现是投资决策的又一次革命。

The results show three outstanding characters: these two stock markets are closely correlated; the overall day return doesn\'t follow the normal distribution, but it is characterized with leptokurtic and fat tail; the security market return has stable characteristics and multi-fractal characteristics which shown as the long memory, fat tail, scale properties, and variability.

发现上海和深圳两个证券市场的关联程度非常大；中国证券市场中的总体日收益率分布不服从正态分布，而是呈&尖峰态&，并且具有&厚尾&的特征；证券市场收益序列呈现稳态特征与多标度分形特性，表现为长期记忆特性、厚尾特性、标度特性和易变性。

However, some firms do not靠谱basic, such as the most obstinate The death of long Oriental Securities and China Merchants Securities, as well as the logic seems accurate, but the conclusions very different monster Haitong Securities.

然而，有些企业基本不靠谱如最顽固的长期东方证券和中国招商证券的死亡，以及逻辑似乎正确，但结论完全不同的怪物海通证券。

This paper presents the portfolio selection problem of two-attribute money and creates a model of portfolio selection based on two-attribute money, which can both contain the existing portfolio models and overcome the above-mentioned deficiencies. A series of new concepts is put forward, such as, holding wealth, obtainable wealth, short-term utility function, short-term expectation-variance utility function, state-expectation-variance utility function, short-term expectation-variance utility curve, long-term expectation-variance utility curve, margin utility contribution force, additional contribution force, profit-risk exchange rate and optimal portfolio expansion curve; The state-expectation-variance analytical method is developed from the expectation-variance analytical method; A set of systematic theories concerning two-attribute portfolio selection is thus established.

本文提出了两属性货币的证券组合选择问题；创建了既能包含现有证券组合选择模型又能克服上述两点不足的两属性证券组合选择模型；提出了持有财富、可获财富，短期效用函数，短期期望—方差效用函数、状态—期望—方差效用函数，短期期望—方差效用曲线、长期期望—方差效用曲线，边际效用贡献力，附加贡献力，收益—风险替换率，最优证券组合扩展线等一系列新概念；把期望—方差分析方法发展成状态—期望—方差分析方法；建立了两属性证券组合选择模型的一套系统的理论。

Although their reliance on the U.S. prevents them from aggressively selling dollars outright, their switch from long to short-dated securities is a precautionary measure in case they need to move money around,' Ms. Lien said.

莲恩说，虽然对美国的依赖阻止了他们直接大规模抛售美元，但他们从长期证券转向短期证券则是一种预防措施，这样做是为了在需要时能够方便地转移资金。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。