查询词典 future

We are the future of China, the future of Asia, and the future of the world!

我们是中国的未来，我们是亚洲的未来，我们是世界的未来！

Embody in mainly: The resource touring is the basis that tour estate develops , making use of to the resource touring must consider future need , realize persistence developing , can not limit in the tour need satisfying the modern or the part people but first, on the resource making use of,; Secondary industry, develops a form going ahead , development of tour estate forms a regiment from initial simplicity ,"casting only a passing glance at" developing to tradition is dyadic tour , now already begin to transform spending self holidays to lying fallow and tour to experience that union , successive steps are hoisted each other; The plan and exploitation touring on the plan touring, are owing to being geared to the needs of future one job now thirdly,if is necessary to have long-term sight and acute insight , then it is possible, exceed the time restricting , estate fix position with the tour in future in the plan; The tourist enjoys fourthly, on need, from elementary sense organ , is advanced step by step even with oneself accomplishment touring as lifting and the way realizing the value of life having arrived at vigorous enjoyment.

主要体现在：第一，资源的利用上，旅游资源是旅游产业发展的基础，对旅游资源的利用必须考虑未来的需求，实现持续性发展，而不能局限在满足当代人或者部分人的旅游需求；第二，产业发展形态上，旅游产业的发展从最初的简单组团，发展到传统的"走马观花"式游览，现在已经开始转型到休闲度假与旅游体验相结合，逐步得到提升；第三，旅游规划上，旅游的规划和开发是基于现在、面向未来的一项工作，在规划中必须有长远的目光和敏锐的洞察力，才能超出时间的限制，将旅游产业定位于未来；第四，旅游者需求上，从初级的感官享受，逐步提升到了精神的享受，甚至将旅游作为提升自我素养和实现人生价值的方式。

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

The present progressive used to refer to the future, more often than not the near rather than distant future, in connection with a definite plan, arrangement or program, usually occurs in situations with obvious future reference.

这是现在进行体表示将来时间的用法。这种将来事态通常都是按照现在的计划安排近期内即将发生。例如

Here we frame clear future policies and impetus principles, explain the major area of future projects, and draw up and propose the examination method and procedure. Research results may guarantee the rigorousness and the economic efficiency for driving the projects which are not approved in the future. This study could also provide MOTC and local governments a reference to set up the order of priority for driving railroad grade separation projects.

本研究研提铁路立体化计画未来之推动政策，研析铁路立体化施政之主轴区域与推动原则，研提计画之审查与推动程序，并初步拟定申请审核作业要点供参，若参照办理应可确保未核定铁路立体化计画未来推动之严谨度与经济效益，可供交通部及各县市推动各项轨道建设计画优先顺序之参据。

Although it is very tempting for spending to spend money on their own to buy something for themselves , but ( conjunction needed, or you will have a run-on sentence ) in my opinion that we had better should save a part of the extra income for using in the future (or "for future use", but "for the future" is better).

尽管把钱花在自己想买的东西上是很诱人的，但我认为最好把一部分的额外收入存起来，以备将来之需。

Delining birth rate and aging society approaches, the oneself after is the world each advanced countries development tendency, in Taiwan the elderly question has also become the social problem an important target, this research will save looks the future the elderly annuity system to be more complete, the elderly peacefully raises the organization and facility of the activity center consummates, the business planning establishment longevity village, the medical service according to protects the universalization, Within the boundaries of various areas the natural resource full utilization, the family tradition value can reappearance, reponder the family tradition organization concept, outside the establishment tradition family organization the family, the elderly soon plans in accordance to the future lives the elderly welfare project which, the government will impel, did not know or will smatter the person or many people, suitably again will strengthen the guidance; According to studies in view of the above concerned the elderly anticipation and the demand opinion of, proposed the suggestion to provides administer for the government to plan " welfare policy for the elderly " in the future.

少子高龄化的社会来临，己经是世界各先进国家的发展趋势，台湾老人问题也已成为社会问题的一项重要指标，本研究存望未来老人年金制度更加完整、老人安养机构及活动中心之设施完善、企业规划设置长寿村、医疗照护普及化、各区境内自然资源充分运用、家庭传统价值能够再现、重新思考跳脱家庭传统组织概念，设置传统家庭组织以外之家庭、老人早日规划因应未来生活、政府推动的老人福利项目，不知道或一知半解的人还是不少人，宜再加强宣导；根据研究针对以上有关老人的期待与需求之意见，提出建议做为政府未来施政规划「老人福利政策」的参考。

Besides, I also find that firms report negative earnings for fiscal year, which have less current and future earnings response coefficient than report positive earnings, and firms report negative cash flows from operating for fiscal year, which have less current cash flow response coefficient than report positive cash flows. Indicating that firms report negative earnings or cash flow, because losses are more transitory and which stock prices less information but which future cash flow response coefficient more than report positive cash flows. Inference of this study because cash flow have substance effect, so when firms have negative cash flows investor more care about it, which have more cash flow response coefficient, and further find while distinguishing the degree of sophisiticated investor, investor the sophisiticated degree proportion is higher. Because they know information of the earnings, firms have more degree of shareholder sophistication for fiscal year, which have more current and future earnings response coefficient than which have less.

此外，本文也发现报导损失之公司，其当期及未来盈余反应系数较报导利润之公司低，以及公司报导营业活动之现金流量为负时其当期营业活动之现金流量反应系数低於报导营业活动之现金流量为正之公司，显示公司报导损失或营业活动之现金流量为负时，因为通常都是暂时性的故其股票报酬的资讯性较低，不过其未来营业活动之现金流量反应系数高於报导营业活动之现金流量为正之公司，本研究推论因为现金流量是有实质的效果，所以当现金流量为负值时投资人应该会比较关注，所以其反应系数较高，而进一步发现当区分投资人之精明程度时，投资人精明程度比重较高，因其会辨识盈余资讯而认为公司进行损益平稳化会增加其资讯内涵，故当期及未来盈余反应系数相较於投资人精明程度较低者高。

Campus Recruitment is one of Innoc 's important human resources strategic plans. According to the company's future personnel needs and standards, a number of graduates who are available trained and creatable talent will be selected. By a series of training plans, Innoc will make future career planning in line with individuals and company's requirements, form a ladder of personnel, reserve the talents with Innoc 's characteristics to help the graduates find their own career and together to built Innoc's better future.

校园招聘是与因沃克公司未来发展应运而生的重要人才战略计划之一，根据公司未来用人需求及标准，在应届毕业生中挑选出一批具有可培养、可塑造的种子人才，通过一系列培养计划，为应届毕业生制定符合个人及公司要求的未来职业生涯规划，形成公司人才阶梯计划，储备具有因沃克特色和标准的人才梯队，帮助毕业生寻找到属于自己的事业舞台，共同筑就因沃克美好的未来！

But there are limited roles for the information transmission effect of stock index future in stabilizing the spot market. This limitation comes from the followings: First, stock index future has a finite function of discovering price; Second, it is possible that stock index future transmits information with noise to the spot market; Third, the extent of the ways of explaining information affect to stabilizing the mark et; Forth, stock index future may bring about homogeneous information, make the market lose heterogeneous briefs, which may bring about frequent overacting.

但是，股指期货信息传递效应对现货市场的稳定作用具有一定的局限性，这种局限性源于：第一，股指期货有限的价格发现功能；第二，股指期货有可能向现货市场传递有噪音信息；第三，市场解释信息方式影响稳定作用发挥的程度；第四，股指期货引起信息同质性，使市场丧失信念多样性，更易反应过度。

It is also known as one of the most poisonous naturally occurring substances.

它也被称为一个最自然发生的有毒物质。

The greatest stress is found at the location on the cross section where V is the largest.

最大应力出现在横截面上V为最大的地方。