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If July internationally renowned real estate fund management institutions Shengyang real estate fund with U.S. Homy Fund groups signed a 200 million U.S. dollars fund management framework, the Group commissioned by Homyfund Shengyang real estate fund in China real estate investment and management, commissioned by the Investment Management Fund is typical pattern.

如7月国际著名房地产基金管理机构盛阳地产基金与美国HOMY FUND集团签署了2亿美元的基金委托管理框架协议，由HOMYFUND集团委托盛阳地产基金在中国进行房地产投资和管理，这是基金委托投资管理模式的典型案例。

For the incompliant lending patterns mentioned above, on commercial banks part, improving the management and business technique will reduce, or even eliminate the incompliant behaviors in the pre-investigation process. From the Central bank and China Banking Regulatory Commission side, setting the inner network in the same industry, controlling the ratio of real estate loan, and enhancing the penalty to suppress the development of incompliant lending of real estate are effective ways to control risk. Fundamentally, the government should conduct the developer of real estate to search for the new financing mode to improve the stability and development, this might include some measures as follows: improving the liability financing structure of large real estate companies, develop the Reits and support its securitization to form the multi-financing.

对上述违规模式，从银行内部提高管理及业务水平方面，本文提出了针对性的风险防范措施，可有效地将违规的苗头扼杀在贷前调查过程中；从央行及银监会角度，可以通过建立同业信息沟通网络、严格控制房产信贷比重、加大违规惩戒力度等手段抑制房地产违规信贷的发展；而最根本的，政府应当引导房地产开发企业寻找新的融资渠道来促进房地产行业稳定和健康的发展，包括改善大型地产企业的债务融资结构、发展房地产投资信托基金及推动房产抵押证券化等方式形成房地产多元化融资的格局，这样，房地产违规信贷模式也就不攻自破了。

There exist many problems in present investment decision-making of real estate development based on real options,such as great errors of the existing methods,inexactness of pricing investment decision-making etc.A model for real options in real estate development investment decision-making based on artificial neural network is discussed.This model is realized by Matlab6.5 programming.

通过对房地产项目的特性分析，阐述了当前基于实物期权的房地产投资决策中存在的方法误差大、投资决策定价不准确等问题；探讨了一种基于人工神经网络的房地产开发投资决策实物期权定价模型，并通过M atlab6.5编程实现。

The basic principle of unequal exchange can be described simply as "buying cheap and selling dear", in such a way that a commodity or asset is bought either: 1 below its real value, and sold at a higher value, or 2 at its real value, but sold above its real value, or 3 above its real value, and sold at a price even higher than its already inflated acquisition cost e.g.

不等价交换的基本原理被简单地描述为"低价买进，高价卖出"不等价交换的基本原理被简单地描述为"低价买进，高价卖出"，按照这样的方式，一件商品或者资产可以：照这样的方式，一件商品或者资产可以： 1低于其真实价值买进，以更高的价格卖出，或低于其真实价值买进，以更高的价格卖出， 2按其真实价值买进，但以高于其真实价值的价格卖出，或按其真实价值买进，但以高于其真实价值的价格卖出， 3按高于其真实价值的价格买进，以甚至高于其已经上升的购置成本按高于其真实价值的价格买进，例如股市卖出。

Accession to the WTO, China's commitment to real estate is the real estate assets owned or leased services, real estate, high standards do not permit the establishment of wholly foreign-owned enterprises projects, no other restrictions; In a fee or contract basis of the real estate services, limited to the form of joint ventures, allowing foreign-owned majority shares.

我国在加入WTO时对房地产业的承诺是，对于自有或租赁资产的房地产服务，除高标准房地产项目不允许设立外商独资企业外，不作其他限制；在以收费或合同为基础的房地产服务中，仅限于合资企业形式，允许外商拥有多数股权。

According to the Circular, there are three conditions under which the donor and the donee of the real estate endowed as gift may be exempted from individual income tax: where the owner of the real estate donates the ownership for no consideration to his or her spouse, parents, offspring, paternal grandparents, maternal grandparents, paternal grandchildren, maternal grandchildren or siblings; where the owner of the real estate donates the ownership for no consideration to the person who is under the direct obligation to take care of or support the owner; where the ownership of the real estate, following its owner's demise, is transferred to the legal heir by operation of law or to the legatee or donee under the will.

根据《通知》，房屋产权无偿赠与的当事双方免征个人所得税的三种情况包括：（1）房屋产权所有人将房屋产权无偿赠与配偶、父母、子女、祖父母、外祖父母、孙子女、外孙子女、兄弟姐妹；（2）房屋产权所有人将房屋产权无偿赠与对其承担直接抚养或者赡养义务的抚养人或者赡养人；（3）房屋产权所有人死亡，依法取得房屋产权的法定继承人、遗嘱继承人或者受遗赠人。

Researching the connotation of the concepts of real estate brokerage and brokers requires understanding the real estate practice and the Civil Law tradition in China, international tradition, and the definition of mediacy and agency in Civil Law Rule and Contract Law (1999) in China, etc. The proposed real estate brokerage regulation is designed to establish business behaviors to gain client's trust, to help real estate trading as mediators and proxies, and to receive payment in exchange.

房地产经纪业属于特殊行业，其概念与普通经纪概念不同，分析房地产经纪的内涵要从我国房地产经纪业实际和有利于规范管理房地产经纪业的角度出发，要考虑到我国大陆法传统以及与国际惯例相衔接等多种因素，并根据我国《民法通则》和1999年新生效的《中华人民共和国合同法》对代理、居间行为范围所作出的明确界定，对我国房地产经纪的内涵进行约定，具体可以将房地产经纪表述为：接受委托人的委托，通过居间、代理行为促成他人房地产交易，并收取佣金的经营行为。

Conversely, a point P to the right of the origin, whose distance from the origin is d units, shall have as its corresponding real number the positive real number d and, similarly, if Q is a point d units to the left of the origin , then Q shall have as its corresponding real number the negative real number –d.

Conversely，在起源右边的点P，从起源的距离是d单位，将有作为它对应的实数正面实数d和，同样地，如果Q是点d单位在起源左边，然后Q将有作为它对应的实数消极实数–d。

JingPing Zheng, press spokesman of State Statistics Bureau, says that in the first half of the year the nation issues a series of policies to standardize development of real estate, which are mainly a series of measures focusing on the too much rise of the price of real estate in some cities," the focal point is not to suppress the development of real estate, but to impel the real estate to develop healthily ".

国家统计局新闻发言人郑京平表示，国家上半年出台的有关规范房地产开发的一系列政策，主要是针对部分城市房地产价格上涨过快所采取的一系列措施，"重点并不是要抑制房地产业的发展，而是想促使房地产业健康地发展"。

Our real estate market is the root cause of the real estate enterprises and local government and the bank at various levels, the problem of the government, we sign the effect is not ideal, because no root, therefore, it is necessary for the real estate market, make profound structural reform can adapt to the market development of enterprise, this will make rules of real estate industry development

我们的房地产市场的根源是房地产企业、地方政府和银行的问题，目前种种层面上的迹象反映，我们的政府救市效果不理想，就是因为根源的问题没有触动，所以，对房地产市场有必要进行深刻地结构性改革，使企业能够适应市场发展的规则，这样才会使房地产行业正常发展

The system can be widely used in belt weighing and batching process control,etc.

介绍了基于智能模糊控制的嵌入式配料系统的设计方法，对模糊PID控制过程和系统调零作了重点的讨论，同时给出了PID控制的程序流程图和系统定长调零子程序。

"I dunno," she answered,"but if you show me aroun', I'll recognize it from the lighthouse just outside the porthole."

"我不知道，"她回答说，"如果你能带我转转，我能认出来的，因为灯塔就在舷窗外。"