基金

基本解释 (translations)

fund

与基金相关的网络例句 [注：此内容来源于网络，仅供参考]

For fund companies and their employees in investment funds, Fund for the Department of the SFC in June last year issued a "Circular on fund investment in securities investment funds of employees of matters relating to notice", which provides that "the fund management companies should be in the fund contract commencement notice traded funds notice book and related semi-annual report and annual report disclosure of fund employees of the Company held by the Fund's total share and accounted for the only the proportion of the overall share of the Fund."

对基金公司和投资基金，为证监会基金部于去年6月发表了他们的雇员在证券投资基金的通知"的有关通知"的问题员工，投资基金的规定"基金管理公司应当在基金合同生效公告书买卖基金的通知和相关的半年度报告和基金的总份额的基金持有本公司员工年度报告披露和唯一的总份额中所占比重该基金的。"

The main reason why American mutual fund is so advanced is that there is the concerted mechanism environment for mutual fund, such as the mature financial market, sufficient investment capital supply, well-developed system of laws and so on. Adopting the specific exponents of Shanghai and Shenzhen Security Market, fund exponent yields, all weekly yields of mutual fund in specific periods, etc., the positive analysis of the coordination of Chinese mutual fund and Security Market demonstrates that this coordination is not ideal generally. On condition that the market characteristic of mutual fund is made clear, mutual fund can develop conceitedly and healthily by developing security market, increasing market efficiency, providing more fund, improving fund management, standardizing relative system of privately offered funds and so on, and optimizing the market environment to develop mutual fund.

美国开放式基金之所以发达，主要原因在于开放式基金具有协调发展的制度环境，如成熟的金融市场、充足的投资资金供给、完善的法律体系等；采用沪、深证券市场特定指数与基金指数收益率，及特定时期内所有开放式基金的周收益率等指标，对我国开放式基金与证券市场的协调性的实证分析发现，二者协调性程度总体上不理想；在明确开放式基金发展的市场过程性质的前提下，通过促进证券市场的成熟、提高市场效率、完善法律、拓宽基金资金供应渠道、完善基金治理结构、规范私募基金发展等配套措施，优化开放式基金发展的市场环境，才能不断促进开放式基金的协调、健康发展。

After discoursing on it and introducing the position of the China privately fund and the position of international privately fund, I will discuss the significance of the development of China privately fund. Then I will discuss the operation and the controlment of risk of the privately fund, finally I will introduce the international supervisement of the privately fund and discuss the supervisement of the China privately fund.

第一部分主要论述私募基金的一般状况，介绍了我国私募基金的现状以及私募基金在海外的状况；第二部分主要论述我国发展私募基金的意义，探讨我国私募基金发生的原因，并分析私募基金会对我国有什么好处，到底会产生怎么样的不良影响；第三部分主要论述私募基金的运作方式和风险控制，介绍了美国私募基金的运作方式，结合我国的实际情况，探讨适合中国国情的运作方式，并提出风险控制的方法；第四部分主要论述私募基金的监管，介绍了国际上对私募基金的监管方式、内容，并结合中国私募基金存在的问题，构想适合中国国情的监管方式。

Since the first open-end fund issue, there are 5th redemption, which also reveals more profound form of market phenomena causing open-end fund liquidity risk. In 2002, the open-end fund market was just established, in order to expand the size, many funds only attract institutional investors, and do not distinguish between investor by their liquidity preference. Under such single structure, institutional investors large size redemption will cause fund scale reduced significantly, which suffered huge losses. In 2003, as the Funds growth, more and more retail investors join in fund market and occupy a dominant position. Due to the lack of awareness of the fund market, they all use the concept of stock investment.

自开放式基金成立以来，中国历史上的5次赎回也更深刻的揭示了构成开放式基金流动性风险的市场现象。2002年为开放式基金成立初期，很多基金为了吸纳资本，扩大规模，只面向机构投资者融资，并且不区分投资者的流动性偏好，在这种单一的结构下，机构投资者的大额赎回就导致基金规模的锐减，从而遭受巨大损失。2003年，随着基金的发展，越来越多的散户介入其中并占据主导地位，由于缺乏对基金市场的认识，按照原有投资股票的理念投资基金，所以在低迷的股市稍有起色，基金稍有赢利时，就开始赎回，造成了多只基金净值的损失。2005年，保险行业可以直接入市，再加之逐渐回升的行情和基金公司高额的手续费，很多保险公司开始赎回持有的基金转而直接入市。

This paper analyses the homogenous tendency of open-end fund at first,pointing out that unperfect development of market and investors' immature investment opinions is the origin of such phenomena. Secondly,having compared the fund sizes and purchase fee rates of 25 open-end funds in China,conclude that there are problems of diseconomy of scale and indistinctive relativity between fees and achievement in Chinese open-end funds. Then this paper introduces benefit and cost function to analyze the problem of lack of motivation and constrain mechanism towards fund managers because of unreasonable fees in China. Thirdly,this paper analyze funds managers' normal hazards by static game model,and then points out fund managers have serious tunneling behaviors in Chinese open-end fund industry. In the end,this paper analyzes the causes of liquidity risk of open-end fun and the particularity of liquidity risk of open-end fund in China,and concludes that liquidity risk in Chinese open-end fund industry is higher through calculating the rates of share change and comparing the portfolio selections of top 20 open-end funds in China.

本文首先分析了我国目前存在的基金产品同质化现象，指出市场发展的不完善以及投资者投资理念的不成熟是同质化的根源所在；其次对比了我国现有的25只开放式基金的规模和申购费率，得出了我国开放式基金存在着规模效应不明显以及基金业绩与费率相关性不强的问题，并引入效益函数和成本函数分析了由于我国开放式基金费率不合理引发的基金管理者激励约束机制缺失的问题；再次，应用静态博弈模型分析了基金管理人面临的道德风险，指出目前我国开放式基金由于监管机制脆弱而存在着较为严重的管理者利益输送行为；最后，分析了开放式基金流动性风险的形成原因以及我国基金市场流动性风险的特殊性，并通过计算目前我国基金资产规模前20位的开放式基金的份额变动率以及比较它们的投资组合结构，得出了目前我国开放式基金流动性风险偏大的结论。

Reporters, according to preliminary statistics, is being issued in the new fund has 11, including the stock-Days Hong Yong set the value of growth funds, fund Xiang Yi Fang Dakota; configuration, including Golden Eagle-dividend value of the fund in the sea Blue-chip flexible allocation of funds, fund selection strategy Fu; bond type, including 10,000 in Paris Tim Shen Po-yi bonds A + B, Yinhua Fund to enhance revenue bonds, bond fund returns Oriental sound, stable and increased profits by HSBC Jin Xin Bond Fund, the Bank of farmers Agricole, and always will benefit by bond funds, the silver-AXA to optimize revenue bond funds.

记者，据初步统计，正在发行的新基金有11个，其中包括股票天闳壅设置的价值成长型基金，基金Xiang易伐嗯达科他州，配置，包括金鹰股息基金的价值在海蓝筹灵活分配资金，基金选择策略富；债券类型，包括万巴黎添申坡义债券甲+乙，银华基金，以提高收入债券，债券型基金回报率东方的声音，由汇丰靳稀嗯债券基金，农民银行法国农业，稳定和增加利润都将受益于债券基金，银安盛优化收益债券基金。

This year, September 8, the SFC发审委review China Merchants Securities application, due to the existence of transfinite博时基金equity holders of the problem, the industry's attention.

今年9月8日，证监会发审委审议中国招商证券的申请，由于超限问题博时基金股东的存在，这个行业的关注。

Prior to that, because of transfinite博时基金equity holders of the issue, together with the first half of this year the company had a net profit year-on-year decline in nearly 50 percent, China Merchants Securities IPO process had been "questioned."

在此之前，由于超限问题，博时基金的股权持有人，加上今年该公司已实现净利润同比近50年下降百分之上半年，中国招商证券首次公开招股过程是"质疑。"

This week, researchers from the pure Pew C haritible T rusts 皮尤慈善信托基金 predited that 3% of all hom e o w ners were be in for closh foreclosure in the next few years.

这个星期，皮尤慈善信托基金的研究人员预言3%的私有屋主在将来几年都丧失抵押赎回权。

"Over the past year, the China Merchants Securities博时基金the amount of equity investment is the largest domestic broker an equity investment."

在过去的一年&，在中国招商证券博时基金的股权投资数额最大的国内券商的股权投资。&

与基金相关的网络解释 [注：此内容来源于网络，仅供参考]

amortization fund：折旧基金;折旧基金;偿债基金

alumni fund 校友基金会 | amortization fund |折旧基金;折旧基金;偿债基金 | appropriation fund 拔款基金;拔款预算基金;支出预算基金

Contingency fund：应急基金

FORTS的担保基金体系包括应急基金(Contingency Fund)、后备基金(Reserve Fund)与强制评估基金(Compulsory Assessments). 根据FORTS交易所网站公布的数据,截至2009年7月,应急基金为11亿卢布,后备基金为0.76亿卢布,强制评估基金为73.4万卢布,

offshore fund：离岸基金

==== 离岸基金(offshore fund)也称海外基金,是指基金资本来源于国外,并投资于国外证券市场的投资基金. 它的主要作...)离岸基金(offshore fund)也称海外基金,是指基金资本来源于国外,并投资于国外证券市场的投资基金.

Reserve fund：后备基金

FORTS的担保基金体系包括应急基金(Contingency Fund)、后备基金(Reserve Fund)与强制评估基金(Compulsory Assessments). 根据FORTS交易所网站公布的数据,截至2009年7月,应急基金为11亿卢布,后备基金为0.76亿卢布,强制评估基金为73.4万卢布,

bond sinking fund：公司偿债基金;公司债偿债基金;债券偿债基金

bond retirement fund |减债基金;债券偿还基金;债券购销基金 | bond sinking fund 公司偿债基金;公司债偿债基金;债券偿债基金 | bond sinking fund |偿债基金;债券偿债基金

bond sinking fund：偿债基金;债券偿债基金

bond sinking fund 公司偿债基金;公司债偿债基金;债券偿债基金 | bond sinking fund |偿债基金;债券偿债基金 | bonded fund 债券基金;公债基金

target date fund：目标日期基金

其实,有关退休概念的基金,广义而言称为人生周 期基金 (LIFE CYCLE FUND),再细分为:目标风险基金 (TARGET RISK FUND)及目标日期基金(TARGET DATE FUND) ;其中目标风险基金就是投资人熟悉的「传统平 衡型基金」,也就是在基金成立时,

umbrella fund：雨伞基金

雨伞基金(umbrella fund)通常在一个母基金之下再设立若干个基金,基金的各个子基金独立进行投资决策,最大的特点是在基金内部可以为投资者提供多种投资选择,方便投资者转换基金以吸引投资者.

umbrella fund：伞型基金

所为伞型基金(Umbrella Fund),实际上就是开放式基金的一种组织结构;在这一组织结构下,基金发起人根据一份总的基金招募书发起设立多只相互之间可以根据规定的程序进行转换的基金,这些基金称为子基金或成分基金(Sub-funds).

mutual funds：共同基金

"共同基金"(Mutual Funds)在中国一般被翻译为"投资基金""证券投资基金"或干脆简称为"基金". 但是,这种翻译严重混淆了共同基金和对冲基金、私人股权基金、风险投资基金等另类投资基金的界限. 在中国国内,目前还没有合法的对冲基金,