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This article is an introduction and summary of retirement pension system, annuity administration management style and classification, investment tool, capital disposition, capital investment supervision and control, return on investment and corporation annuity tax preference aspect in industrially advanced country, such as the US and UK, etc.

本文就美、英等工业发达国家的养老金体制、年金管理的管理方式及其分类、投资工具、资产配置、投资监管、投资收益和企业年金税收优惠形式的情况进行了介绍和总结。

The career education and training investment is one of important investment in human capital investment.

职业教育培训投资是人力资本投资中很重要的一项投资。

The first kind is venture capital investment group invested enterprise, this kind of circumstance is common, can reduce investment risks, and to accelerate the capital turnover, The second kind is one-time investment.

第一种是将风险资本分期分批投入被投资企业，这种情况比较常见，既可以降低投资风险，又有利于加速资金周转；第二种是一次性投入。

Key words］ commercial bank; private equity; circumbendibus direct investment mode; cooperation investment mode; indirect investment mode

关键词］商业银行；私募股权投资；"迂回"直投模式；合作模式；间接模式

At Present, Chinese commercial banks participate in PE business mainly through three modes, which are circumbendibus direct investment, cooperation investment and indirect investment.

现阶段我国商业银行参与PE业务的基本路径可概括为："迂回"直投模式、合作模式与间接模式。

First stage started from May of 2007, three aluminium foil process lines with investment 38 million US Dollars, yearly capacity 20 000 metric tons, will put into production in April of 2008; second stage started from February of 2008 with investment 25 million US Dollars and the capacity 30 000 metric tons, three aluminium foil process lines; The third stage will start from the year 2009 with about investment 175 million US Dollars, six aluminium foil process lines, twelve casting-roll process lines and three cold-roll process lines.

一期工程3条铝箔生产线于2007年5月份开始施工，年产铝箔20 000吨，投资2.57亿元，于2008年4月份实现投产；二期工程于2008年2月份动工兴建，在一期工程的基础上再建设3条铝箔生产线，投资1.5亿元，投产后企业年生产铝箔能力将达50 000吨；三期工程包括6条铝箔生产线、20条铸轧生产线和3条冷轧生产线，计划2009年开始兴建，投资约12亿元。

Arbitration under the auspices of ICSID is similarly one of the main mechanisms for the settlement of investment disputes under four recent multilateral trade and investment treaties (the North American Free Trade Agreement, the Energy Charter Treaty, the Cartagena Free Trade Agreement and the Colonia Investment Protocol of Mercosur).

ICSID 主持的仲裁同样也是最近四个多边贸易与投资条约规定的投资争端解决的主要机制之一，这四个多边条约分别是北美自由贸易区协议 NAFTA ，能源宪章条约 ECT ，喀他赫纳自由贸易协定和科隆外资投资草案。

In addition, I give to my Executors full power to invest and reinvest the estate funds and assets in any kind of property, real, personal or mixed, and every kind of investment, specifically including, but not by way of limitation, corporate obligations of every kind and stocks, preferred or common, and interests in investment trusts and shares in investment companies, and any common trust fund administered by any corporate executor hereunder, which men of prudent discretion and intelligence acquire for their own account.

此外，我给我的遗嘱执行人充分权力的投资和再投资房地产的资金和资产在任何种类的财产，真正的，个人或混合，以及每一种投资，特别是包括，但不限制的方式，企业承担的义务每一种与股票，优先股或普通，和利益的投资信托基金和股票投资公司，以及任何共同信托基金管理的任何公司执行人，这些男子的谨慎判断和掌握的情报为自己的帐户。

The present paper through to the value investment theory's formation and the development discussion, to the value investor behavior characteristic's elaboration, using the behavior finance theory from the expectancy theory, the flock of sheep effect, responded excessively, the reverse operation model and so on four aspects and have carried on the contrast congenially to the value investment, theoretically explained why the value investment idea does have the sophistication.

本论文通过对价值投资理论的形成与发展的探讨，对价值投资者行为特征的阐述，运用行为金融理论从期望理论、羊群效应、过度反应、反向操作模型等四个方面对价值投资与投机进行了对比，从理论上解释了价值投资理念为什么具有先进性。

For those establishing the investment companies in the name of the constituent company exclusively owned by them, the parent company shall submit a letter of guaranty to the approving authority, guaranteeing that the constituent company shall complete the contribution to the registered capital of the investment company, and guaranteeing the contribution to the registered capital and the transfer of the technology owned by the parent company or its branch companies when the investment company is established within the territory of China.

以全资拥有的子公司的名义投资设立投资性公司的，其母公司须向审批机关出具保证函，保证其子公司按照审批机关批准的条件完成对所设立的投资性公司的注册资本的缴付，并保证该投资性公司在中国境内投资时的注册资本的缴付和属于该母公司及其所属公司的技术转让。

Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来，英国，在此地早期居住的是凯尔特人，已经被征服了三次。

Bluetooth OBEX File Transfer Enables the sending and receiving of files on your phone via Bluetooth.

蓝牙OBEX文件移动允许经过蓝牙传送和接受文件。。。。