證券投機 的英文怎麼說
中文拼音 [zhèngquàntóujī]
證券投機
英文
agiotage-
According the original thoughts, this paper circumstantiates how to carry this theory into chinese practice and how to eliminate the fundamental shortcomings if foreign standards applied mechanically. therefore, in a creative way, this paper establishes a feasible eva appraisal system according to chinese listed companies " character and demonstrates it on some listed companies, such as sichuan changhong co. ; tsingtao brewery company ; and harbor line companies. in one word, this paper wishes to provide a set of more practical and predictable standard in comparison with roe and eps
本論文正是根據其理論，首先著重對目前如何將經濟增加值實際運用於評估中國上市公司業績，進行針對性的分析和探討，從而逐步剔除機械套用國外指標體系的根本性缺陷，然後按照中國證券投資市場的特徵，創造性地建立一套符合中國實情地指標體系，同時運用這一指標體系對四川長虹、青島啤酒以及整個港口行業的上市公司五年間的業績變化情況做了仔細的運算和分析，並與現行的凈資產收益率、每股收益進行實證分析、比較，以期為上市公司業績評價提供一種更有預見性、更可行的指標體系。Using the net assets per capital, the investment return rate, the t - m model, the h - m model, the single factor evaluating model which consists of the treynor index, the jensen index, the sharpe index and the square m index, we evaluate the performance of the twelve mutual funds. and we come to the following conclusions : ( 1 ) after the modification of the risk factor, our mutual funds in the recent one year outguess the market ; ( 2 ) better performance comes from the aid of the government, the improvement of the investment environment and the hard, smart work of the managers especially in the way of selecting some securities in the capital market. ( 3 ) though we make progress, there are still many problems which prevent the further development of our mutual funds such as the devise of the management fee and the characteristics of different funds, all of them divided into the subjective ones and the objective ones
通過使用投資基金單位凈資產和投資收益率指標、單因素整體績效評估模型，包括treynor指數、 jensen指數、 sharpe指數和業績的m ~ 2測度以及t - m 、 h - m模型對12隻樣本基金進行實證研究，實證研究表明： （ 1 ）經過風險調整后，在最近的一年中，我國證券投資基金的業績總體上優於市場基準組合； （ 2 ）基金業績的提高得益於管理層的重視、投資環境的改善和基金經理的經營，而基金經理的良好業績是通過一定的證券選擇來獲得的； （ 3 ）已成為證券市場上舉足輕重力量的基金在發展過程中雖然取得了一定的成績但其進一步發展還面臨著許多問題，有主觀存在的諸如管理費率的設定、基金風格方面的問題等等，也有客觀存在的諸如證券市場現階段的不完善等等，所以，我們應該抓住《證券投資基金法》問世帶給基金業發展的契機，大力促進證券投資基金規范發展，採取各種措施做大、做優和做強基金業。Your position as secretary to the minister renders your authority great on the subject of political news ; you never open your mouth but the stockbrokers immediately stenograph your words
你這位部長秘書的地位使你在傳播政治消息上很有權威，你一張口，那些證券投機商就立刻把你的話記錄下來。According to the present situation and questions of the negotiable securities investmental fund in china and according to the foreign experience, i put forward 3 proposals : lead the closed fund into opening ; explor the cheap cost about the opened negotiable securities investmental fund ; carry out the third index fund
本文由我國證券投資基金的現狀及其發展中出現的問題入手，結合國外證券投資基金業發展的先進經驗，提出了進一步完善我國證券投資基金的具體可行的途徑。其具體途徑主要包括：引入封閉式基金的開放機制、探索低成本的開放式基金發展之路、推出第三代指數交易基金等三個方面。The market timing ability of mutual fund managers can be defined as the ability to anticipate whether the general stock market is going to rise or fall and to adjust the composition of their portfolios accordingly. that is, if the managers think they have the ability to anticipate that the market is going to rise, they shift the composition of their portfolios they manage from less to more volatile securities. if they think the market is going to fall, they shift into the opposite direction
證券投資基金（以下簡稱「基金」 ）的擇時能力是指基金經理的市場時機把握能力，即如果基金經理相信自己能夠準確預測市場趨勢，他將根據期望的市場走勢調整其投資組合的風險水平，在預測市場收益上升時增加組合的風險水平，下降時降低組合的風險水平，通過高風險資產和低風險（或無風險）資產之間的不斷轉換來獲取超額收益。If a securities investment trust fund operated by a site approved by the competent authority to engage in domestic futures trading wishes to apply for an exemption to position limits, the trust fund shall complete and submit the " application for a securities investment trust fund operated by a securities investment trust enterprise to open a futures trading hedge account " ( form 3 ) together with the required supporting documentation to the exchange
四）依主管機關規定得於國內期貨市場從事國內期貨交易之證券投資信託事業所管理之證券投資信託基金，因避險需求而擬申請豁免交易規則之部位限制規定者，應檢具證券投資信託事業所管理之證券投資信託基金設立期貨交易避險帳戶申請書（附表三） ，載明其應記載事項，連同應檢附書件，向本公司申請。So this paper tries to solve these problems through the following work : first, we select some index to valuate the close - end funds, including income, stability, risk in falling, stocks selecting ability and tuning ability, based on overseas funds valuation methods and domestic market condition ; second, we analyze the stability of all index and form two styles index, which are f and other bad stability index ; then, we form the valuation system, including two - layers index, which are p and factor score ; last, we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result. the main intention of this paper is to create the system of valuating close - end funds in our country, which is comprehensive and objective. in my valuation system involving the period from 2000 to 2003, the funds as a whole performs inferior to the stock index
首先，對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析，並結合我國的基金市場狀況，選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標；其次，根據我國基金分析的需要，採用了諸如基金交易價格、換手率等二級市場表現指標；然後，對這些指標進行了時間延續性分析，檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現，從而形成了兩類指標：時間延續性很好的s _ p和時間延續性不好的其它所有指標；再次，在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系： s _ p和因子分析中綜合因子得分值；最後，選取了我國2000年1月1日前成立的23隻封閉式基金作為樣本，並同時採用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析，得出了最終的比較性評價結果。This article introduces the whole operating and managing system of chinese open end fund. it is included the origin and development of open end fund, experience and lessons of foreign open end fund development ; the classification of the open end fund and its deference from other securities ; the features of the open end fund and its establishment, transaction and structure of fees ; the operation and profit - allocation of the open end fund ; the consultation of agents
開放式基金在我國還是新生事物，本論文將系統地介紹分析我國開放基金的整個運作管理體系，包括：開放基金的起源與發展，國外開放式基金發展的經驗與教訓；證券投資基金的分類及與其他有價證券的區別；開放式基金的特點及發起設立、交易及費用結構；開放式基金的投資運作及收益分酉幣主通大學頎士研究生學位論文霓11頁配：代銷機構對投資者的咨詢服務。A site that operates a securities investment trust fund engaging in futures trading or holding open futures trading contract positions pursuant to the " directions for use of securities investment trust funds for trading in securities related products by securities investment trust enterprises " promulgated by the competent authority shall file a report electronically to the exchange by 5 : 00 pm each business day, entering the details into each of the corresponding fields on the computer interface provided by the exchange
二）證券投資信託事業所管理之證券投資信託基金依主管機關公告之證券投資信託事業運用證券投資信託基金從事證券相關商品交易應行注意事項規定，從事期貨交易或持有期貨交易契約未沖銷部位者，應于每一營業日下午五時前，采媒體申報方式，依本公司電腦輸入畫面所列事項逐一輸入。Site that operates a securities investment trust fund engaging in futures trading or holding open futures trading contract positions pursuant to the " directions for use of securities investment trust funds for trading in securities related products by securities investment trust enterprises " promulgated by the competent authority shall file a report electronically to the exchange by 5 : 00 pm each business day, entering the details into each of the corresponding fields on the computer interface provided by the exchange
二）證券投資信託事業所管理之證券投資信託基金依主管機關公告之證券投資信託事業運用證券投資信託基金從事證券相關商品交易應行注意事項規定，從事期貨交易或持有期貨交易契約未沖銷部位者，應于每一營業日下午五時前，采媒體申報方式，依本公司電腦輸入畫面所列事項逐一輸入。A securities investment trust fund operated by a site that has not been approved by the exchange for a hedge account but has a regular trading account to engage in futures trading shall report to the exchange pursuant to the preceding subparagraph
二）證券投資信託事業所管理之證券投資信託基金依主管機關公告之證券投資信託事業運用證券投資信託基金從事證券相關商品交易應行注意事項規定，從事期貨交易或持有期貨交易契約未沖銷部位者，應于每一營業日下午五時前，采媒體申報方式，依本公司電腦輸入畫面所列事項逐一輸入。She speculate on the exchange
她做證券投機買賣。Would he be what he is if he hadn ' t speculated on the stock exchange
如果不搞證券投機買賣，他會成為今天這個樣子嗎？Because of the investors " deformational structure and many other reasons in deep lever such as " policy market " and so on, the serious excessively speculative behavior and the obvious herd behavior lie in the security market in china
由於投資者「畸形」結構與「政策市」等更深層次的原因使得我國證券投資者存在著嚴重的過度投機行為偏差和顯著的羊群行為偏差。此外，個人投資者與機構投資者分別還存在「頻繁交易」行為偏差和「坐莊」行為偏差。More qfiis are expected to enter the country with the authorities recently lowering the entry threshold and relaxing controls over management of investment quotas and trading accounts
目前，中國正降低境外證券投資商的進入門檻，並在逐步放寬對投資額度和交易帳戶管理的限制，這將吸引更多的合格境外機構投資者進入我國市場。More qfiis are expected to enter the country with the authorities recently lowering the entry threshold and relaxing controls over management of investment quotas and trading accounts. overseas financial institutions such as hsbc and goldman sachs expect the central bank to take further steps for greater flexibility of the exchange rate during the rest of the year
目前，中國正降低境外證券投資商的進入門檻，並在逐步放寬對投資額度和交易帳戶管理的限制，這將吸引更多的合格境外機構投資者進入我國市場。" institutional investor " as used in the directions is limited to securities firms, foreign institutional investors, securities investment trust funds operated by securities investment trust enterprises ( " site " ), the national finance stabilization fund, the civil servant pension fund, the labor pension fund, the labor insurance fund, and the funds managed by the directorate general of postal remittances and savings banks, and other financial and insurance institutions that engage in futures trading within the bounds mandated by the competent authority
本應行注意事項所稱法人機構限於依主管機關規定?圍內從事期貨交易之證券商、外國機構投資人、證券投資信託事業所管理之證券投資信託基金、國家金融安定基金、公務人員退休撫恤基金、勞工退休基金、勞工保險基金、郵政儲金匯業局所管理之郵政資金、金融及保險機構為限。Based on this conclusion, a standard and systematic risk management method suggests to be adopted. the following sector explores in depth the capital source channel of open - fund development ; the sales channel establishment and the variety innovation of the fund by introducing the marketing system theory. finally, based on the research of market background system and market elements which open - fund relies on, the paper points out the importance of market environment construction in the standardizing development of the fund, and gives a constructive suggestion to the scope development and standardizing operation of open - fund
文章通過對證券投資基金的發展空間與趨勢研究、基金的運作機制研究，指出開放式基金是我國未來證券投資基金市場發展的主流產品，具有廣闊的市場空間和發展前景；通過對開放式基金的風險體系和主要風險特點的分析，提出規范化、系統化的風險管理思路與參考性方法規劃；通過導入市場營銷體系理論，就開放式基金發展的資金渠道方向、銷售渠道建設、基金的品種創新等進行深入論述；最後針對開放式基金所依賴的市場背景體系與市場要素，指出市場環境建沒對基金規范化拓展的重要性，並為開放式基金的規模發展和規范運作提出建設性建議。Portfolio selection method under investor ' s fuzzy stochastic risk preference
模糊隨機風險偏好下的證券投資組合選擇方法He says china will encourage qualified mainland security and futures companies to set up branches in hong kong, while carefully supervising qualified foreign institutional investors on the mainland
尚福林表示，證監會還將支持內地證券和期貨公司在香港設立分支機構，並仔細監督在內地的國外證券投資者的運營情況。分享友人