2005
2006 3 28
2005
1
2006 3 22
2005
2
...............................................................................................................................3
.......................................................6
............................................................................................................6
............................................................................................................6
....................................................................................................8
...........................................................................................................................8
....................................................................................8
....................................................................................................8
........................................................................................................9
....................................................................................................9
..............................................................................................10
..................................................................................................11
.........................................................................................................................13
.............................................................................................................................14
.....................................................................................................................15
..................................................................................................................15
..........................................................................................................18
.....................................................................................................................28
..................................................................................28
..................................................................28
......................29
......................................................................30
..................................................................31
..................32
..................................................................................................32
.................................................................................33
.............................................................................................................33
.....................................................................................................................33
.................................................................................................................36
2005
3
“ ”
260104
2004 6 25
1,318,607,266.24
1
2
= 80% 20%
2005
4
1093 16
518031
0755 82370388-879
0755 25987352
xxpl@invescogreatwall.com
0755-82370688
www.invescogreatwall.com
23
100
100037
010-68424199
010-68424181
www.abchina.com
325
202 11
Kent Watson
2005
5
021-61238888
021-61238800
1093 16
0755 82370388 283
0755 25987239
2005
6
2005 2004 6 25 2004 12 31
67,226,660.64
32,414,320.15
0.050
0.015
6,280,975.44
27,002,141.87
0.005
0.017
1,355,794,251.14
1,647,360,598.01
1.028
1.022
4.88%
1.48%
6.47%
2.20%
8.81%
2.20%
1
1
2 3
4
1 - 3 2 - 4 3 1.47% 0.67% 0.27% 0.75% 1.20% -0.08%
6 5.03% 0.73% 6.71% 0.95% -1.68% -0.22%
6.47% 0.98% -5.27% 1.12% 11.74% -0.14%
8.81% 0.89% -14.35% 1.11% 23.16% -0.22%
2005
7
2
-30.00%
-20.00%
-10.00%
0.00%
10.00%
20.00%
2004 6 25 2004 12 25 2005 6 25 2005 12 25
2004 6 25 3
3
-0.15
-0.1
-0.05
0
0.05
0.1
2004 2005
2004 2004 6 25 2004 12 31 2005
8
10
2004
2005
0. 600 10 0.400 10 0.200
0. 600
2003 76
( ) 49% 49% 1% 1%
2005 12 31 LOF
7 1998 7
2002 5 2002 11 2005 9
2005
9
2005 A 2004
1 2004 4 4 1000 2 9 2005 1223 12 A 2005 40% A A 1161.06 , 8.29%
2005
2005 2005 9 A2005
10
1100 2005
2006
2006 A 2005 2005 2006 A QFII
2005 7 QFII 2006 QFII A
A 2006 2005
A A
QFII
A
A 2006
2005
11
1
2
3
4
5
6
7 KPI(Key Performance Indicator )2005
12
KPI KPI KPI
8
9
10 2005
13
2005 1 1 2005 12 31
2006 03 10
2005
14
(2006) 141
( )2005 12 31 2005
2005 12 31 2005
·
2006 2 20
2005
15
( )
2005 2004 12 31 12 31 16(e)
86,646,692.93
56,650,456.31
1,436,529.99 -
5 160,000.00 -
13,894,431.73
6,189,409.03
6 72,287.52
11,083,235.66
152,675.00
161,540.00
4,692.00 -
1,227,016,235.78
1,197,584,575.04
1,130,063,321.06
1,151,060,938.32
6,496,655.10
381,669,742.68
6,087,000.00
379,423,130.01
0.00 0.00
0.00 0.00
50,000,000.00 -
1,385,880,200.05
1,653,338,958.72
14,705,644.60 -
12,255,871.69
2,712,766.08
42,391.68
10,223.95
1,749,420.52
2,126,819.17
291,570.07
354,469.88
7 936,514.71
669,581.35
8 104,535.64
104,500.28
30,085,948.91
5,978,360.71
9
1,318,607,266.24
1,611,540,853.02
10
30,906,009.46
8,817,603.12
6,280,975.44
27,002,141.87
1,355,794,251.14
1,647,360,598.01
(2005 1.028 )
(2004 1.022 )
1,385,880,200.05
1,653,338,958.72 2005
16
( )
2004 6 25
( )
2004 2005 12 31
11 27,511,185.78 34,707,650.56
/( ) 12 (344,962.71) 1,992,567.26
35,704,136.91 -
5,899,200.21 4,853,004.21
992,939.40 5,048,767.90
20,964,103.09 3,178,380.26
55,500.00 913,441.30
13 1,145,387.74 2,161,186.32
91,927,490.42 52,854,997.81
(20,769,184.24) (16,898,842.48)
(3,461,530.72) (2,816,473.76)
(39,319.37) (424,380.08)
14 (430,795.45) (300,981.34)
(300,000.00) (170,000.00)
(100,000.00) (100,000.00)
(24,700,829.78) (20,440,677.66)
67,226,660.64 32,414,320.15
/( ) 10 48,592,320.43 48,770,249.39
115,818,981.07 81,184,569.54
67,226,660.64 32,414,320.15
27,002,141.87 -
16,272,159.67 2,314,613.81
(27,988,270.29) (7,726,792.09)
/( )
82,512,691.89 27,002,141.87
15 76,231,716.45 -
6,280,975.44 27,002,141.87
2005
17
( )
2004 6 25
( )
2004
2005 12 31
1,647,360,598.01
2,520,913,246.79
67,226,660.64
32,414,320.15
/( )
48,592,320.43
48,770,249.39
115,818,981.07
81,184,569.54
638,426,869.04
673,863,976.36
2,989,129.80 -
(969,580,480.53) (1,628,601,194.68)
(331,153,611.49)
(954,737,218.32)
(76,231,716.45)
-
1,355,794,251.14
1,647,360,598.01
2005
18
1
( “ ”) [2004 ] 37 ( 2004 10 20 ) 2004 6 25 2,520,331,995.74 (2004) 106
581,251.05 581,251.05
95% 70% 80%
2
3
(a)
1 1 12 31 2004 6 25 ( ) 2004 12 31
(b)
(c)
2005
19
(d)
(i)
(ii)
(iii)
(iv) “ /( )”
(v)
(e)
(i)
(ii)
2005
20
(iii)
(f)
(g)
(h)
1.5%
0.25% 2005
21
(i)
1.000
(j) /( )
/( ) /( ) /( )
/( ) /( ) /( )
(k)
/( ) /( )
(l)
4
[2002]128 [2004]78 [2005]11 ( ) [2005]102 [2005]103
(a)
2005
22
(b) 2004 1 1
(c) 20% 2005 6 13 50%( 100%)
(d) 2005 1 24 0.2% 2005 1 24 0.1%
(e)
5
2005 12 31 (2004 )
6
2005 12 31 2004 12 31
55,729.94 31,470.33
9,539.0811,051,765.33
6,300.00 -
646.50 -
72.00 -
72,287.5211,083,235.66
7
2005 12 31 2004 12 31
232,733.50 -
204,944.68 -
179,888.08 198,031.27
148,001.99 233,351.85
87,458.42 41,365.51
83,488.04 -
-196,832.72
936,514.71669,581.35
2005
23
8
2005 12 31 2004 12 31
100,000.00100,000.00
4,535.64 4,500.28
104,535.64104,500.28
9
2004 12 31 1,611,540,853.021,611,540,853.02
627,233,958.32627,233,958.32
2,877,701.14 2,877,701.14
(920,167,545.10)(920,167,545.10)
2005 12 31 1,318,607,266.241,318,607,266.24
10
/( )(a)
/( )
2004 12 31 48,770,249.39(39,952,646.27)8,817,603.12
48,592,320.43 -48,592,320.43
-(5,079,248.95)(5,079,248.95)
-89,186.7689,186.76
-(21,424,665.14)(21,424,665.14)
2005 12 31 97,362,569.82(66,456,560.36)30,906,009.46
(a)
/( )
2005 12 31 2004 12 31
96,952,914.7246,523,636.72
409,655.102,246,612.67
97,362,569.8248,770,249.39
7,798,726.00
(2004 )
2005
24
11
2005 2004 6 25
( ) 2004 12 31
1,196,873,222.46860,319,321.80
1,005,017.50 723,771.22
1,168,357,019.18 824,887,900.02
27,511,185.7834,707,650.56
12 /( )
2005 2004 6 25
( ) 2004 12 31
562,794,914.39 420,507,796.98
17,106,050.00 5,207,756.40
546,033,827.10 413,307,473.32
(344,962.71)1,992,567.26
13
2005 2004 6 25
( ) 2004 12 31
(a) 1,133,271.45 2,035,809.64
12,116.29 45,778.46
-79,598.22
1,145,387.742,161,186.32
(a) 2004 8 24 2004 8 27 10% 25% 2005
25
14
2005 2004 6 25
( ) 2004 12 31
300,000.00170,000.00
100,000.00100,000.00
1,287.56 11,809.90
21,435.36 9,630.28
8,072.538,641.16
-900.00
430,795.45300,981.34
15
2005
2005-03-18 10 0.40 47,848,601.52 1,918,533.94 49,767,135.46
2005-12-29 10 0.20 25,393,985.13 1,070,595.86 26,464,580.99
73,242,586.652,989,129.80 76,231,716.45
16
(a)
(“ ”)
( )
(b)
2005
26
2005
385,031,153.17 16.74%
41,055,825.72 14.27%
301,289.76 16.24%
2004 6 25 ( )
2004 12 31
714,795,369.79 25.57%
28,476,555.72 31.57%
390,000,000.00 13.50%
566,952.07 25.39%
(c)
1.5% X1.5% /
20,769,184.24 (2004 16,898,842.48
)
(d)
2005
27
0.25%
X 0.25% /
3,461,530.72 (2004 2,816,473.76 )
(e)
2005 12 31 86,646,692.93 (2004 12 31 56,650,456.31 ) 970,821.87
(2004 5,035,966.62 )
(f)
2005 2004 6 25
( ) 2004 12 31
9,719,000.00 -
g
A. 2005 2004
B 2005 12 31 2004 12
31
17
2005 12 31
000960
2005-12-23 5.70 2006-01-04 5.98 1,804,400 9,889,070.75 10,285,080.00
110036
2005-12-19 106.73 2006-01-04 116.83 60,870 6,087,000.00 6,496,655.10
000970
2005-12-23 6.98 2006-01-05 7.68 217,950 1,419,195.17 1,521,291.00
17,395,265.92 18,303,026.10
2005
28
18
88,083,222.92 6.35%
1,227,016,235.78 88.54%
6,496,655.10 0.47%
0.00 0.00 64,284,086.25 4.64%
1,385,880,200.05 100.00%
A
0 0.00 0.00%
B
4,966,612 69,486,520.72 5.13%
C
64,746,876 546,978,399.80 40.34%
C0
10,697,850 188,830,024.49 13.93%
C1
2,013,411 13,288,512.60 0.98%
C2
0 0.00 0.00%
C3
0 0.00 0.00%
C4
2,642,506 27,167,919.60 2.00%
C5
0 0.00 0.00%
C6
31,950,352 150,348,875.41 11.09%
C7
9,399,861 77,548,664.34 5.72%
C8
8,042,896 89,794,403.36 6.62%
C99
0 0.00 0.00%
D
15,619,974 102,918,473.24 7.59%
E
0 0.00 0.00%
F
27,044,944 264,328,521.58 19.50%2005
29
G
24,882,798 69,671,834.40 5.14%
H
1,805,291 22,077,015.31 1.63%
I
5,999,922 28,439,630.28 2.10%
J
22,525,846 107,106,183.38 7.90%
K
4,040,863 16,009,657.07 1.18%
L
0 0.00 0.00%
M
0 0.00 0.00%
171,633,126 1,227,016,235.78 90.50%
(
000002 G
18,549,740 79,949,379.40 5.90%
600519
1,696,666 77,401,902.92 5.71%
600009
5,000,000 72,100,000.00 5.32%
600050
24,882,798 69,671,834.40 5.14%
600583
2,200,480 56,596,345.60 4.17%
600269
6,083,884 54,754,956.00 4.04%
000869
2,000,901 44,880,209.43 3.31%
600320
4,712,252 39,959,896.96 2.95%
000538
1,900,000 39,330,000.00 2.90%
600033
5,000,071 36,600,519.72 2.70%
600900 G
5,204,938 36,018,170.96 2.66%
000027
4,841,565 32,680,563.75 2.41%
600887
2,180,997 32,147,895.78 2.37%
600795
4,981,723 31,036,134.29 2.29%
600018 G
2,676,465 30,270,819.15 2.23%
600015
5,999,922 28,439,630.28 2.10%
600085 G
2,016,216 28,045,564.56 2.07%
600383
3,976,106 27,156,803.98 2.00%
600012
4,437,226 26,623,356.00 1.96%
000858
3,619,286 26,276,016.36 1.94%
000932
5,000,000 24,400,000.00 1.80%
000022
1,740,881 23,188,534.92 1.71%
600585
2,293,112 21,968,012.96 1.62%
000423
4,016,680 21,730,238.80 1.60%
000088
2,106,417 20,790,335.79 1.53%
000825
5,521,643 20,761,377.68 1.53% 2005
30
000898 G
5,110,000 20,133,400.00 1.49%
000541
1,860,267 18,918,915.39 1.40%
600808
6,651,118 18,157,552.14 1.34%
000792
1,500,800 17,349,248.00 1.28%
600694
970,000 16,722,800.00 1.23%
600350
3,850,863 14,979,857.07 1.10%
000726
2,013,411 13,288,512.60 0.98%
600028
2,766,132 12,890,175.12 0.95%
600549
906,736 12,240,936.00 0.90%
600660
2,305,901 12,152,098.27 0.90%
600066
1,600,243 11,601,761.75 0.86%
000960
1,804,400 10,285,080.00 0.76%
600096
1,141,706 9,818,671.60 0.72%
000630 G
2,139,492 8,729,127.36 0.64%
000729
1,200,000 8,124,000.00 0.60%
000581
1,227,099 7,068,090.24 0.52%
600628
835,291 5,354,215.31 0.39%
600834 G
591,748 3,183,604.24 0.23%
000970
217,950 1,521,291.00 0.11%
000888
190,000 1,029,800.00 0.08%
600332
110,000 688,600.00 0.05%
171,633,126 1,227,016,235.78 90.50%
20
(%)
600005 G
73,794,180.87 4.48%
600269
58,433,299.53 3.55%
600050
52,070,976.45 3.16%
600033
47,514,711.70 2.88%
600015
44,843,798.35 2.72%
600012
42,057,243.52 2.55%
600028
41,548,779.68 2.52%
000898 G
39,026,423.24 2.37%
000002 G
38,201,763.63 2.32%
600019 G
37,302,179.55 2.26%
000022
33,900,854.63 2.06%
000027
31,299,475.87 1.90%
600887
30,233,376.88 1.84%
600795
29,376,212.72 1.78%
600085 G
29,030,232.41 1.76%
000858
27,221,903.26 1.65% 2005
31
000932
24,569,952.89 1.49%
600350
23,280,071.28 1.41%
600018 G
22,486,563.71 1.37%
000983 G
22,142,045.39 1.34%
20
(%)
600005 G
120,055,767.97 7.29%
600028
107,558,858.99 6.53%
600900 G
93,269,922.71 5.66%
600018 G
71,685,962.74 4.35%
600019 G
66,362,704.96 4.03%
002024
65,022,855.90 3.95%
000898 G
57,016,643.49 3.46%
600320
53,603,465.77 3.25%
600600
52,999,558.01 3.22%
000729
48,406,296.01 2.94%
600009
43,222,809.91 2.62%
000063
40,561,328.78 2.46%
600026
37,341,107.61 2.27%
600188
30,404,514.69 1.85%
000002 G
27,534,319.48 1.67%
000538
25,668,717.00 1.56%
600660
25,623,785.83 1.56%
600519
21,900,174.15 1.33%
600015
20,101,986.51 1.22%
600583
18,955,505.70 1.15%
1,155,158,127.92 1,196,873,222.46
0.00 0.00%
0.00 0.00%
0.00 0.00%
0.00 0.00%2005
32
6,496,655.10 0.48%
6,496,655.10 0.48%
110036
60,870 6,496,655.10 0.48%
1
2
3 64,284,086.25 160,000.00 13,894,431.73 72,287.52 152,675.00 4,692.00 50,000,000.00
4
( )
110036
60,870 6,496,655.10 0.48%
5 27,989,193.00 0.00
JTC1
1,528,338.00
JTB1
5,170,495.00
JTB1
1,280,073.00
HRP1 14,839,792.00
JTP1
5,170,495.00
27,989,193.00
2005
33
18,455
71,449.87
925,483,208.33
(%) 70.19
393,124,057.91
(%) 29.81
2,520,913,246.79
1,611,540,853.02
1,318,607,266.24
627,233,958.32
920,167,545.10
1
2 2005 2005 72 2005 5 11
3
4
5 2005 3 21 2005 12 30 10 0.40 10 0.20 2005 3 15 2005 3 19 2005
12 27 2005 12 30 2005
34
6 2 100,000
7
8
1
1
1
2 2005 1
1
1
1
1
2
2005
385,031,153.17 16.74% 0.00 0.00% 301,289.76 16.24%
43,598,535.33 1.89% 0.00 0.00% 35,751.03 1.93%
252,149,110.58 10.96% 17,081,400.64 47.84% 204,944.68 11.05%
454,532,580.94 19.76% 2,080,127.75 5.83% 372,068.93 20.06%
461,573,001.05 20.07% 0.00 0.00% 377,163.73 20.34%
333,167,947.50 14.49% 16,545,747.60 46.33% 260,706.81 14.06%
370,010,709.01 16.09% 0.00 0.00% 302,745.84 16.32%
2,300,063,037.58 100.00% 35,707,275.99 100.00% 1,854,670.78 100.00%
2005
2005
35
41,055,825.72 14.27% 0.00 0.00%
0.00 0.00% 0.00 0.00%
31,299,131.50 10.88%150,000,000.00 65.22%
14,743,600.00 5.12%50,000,000.00 21.74%
101,493,553.70 35.27%30,000,000.00 13.04%
33,556,638.74 11.66% 0.00 0.00%
65,589,405.80 22.80% 0.00 0.00%
287,738,155.46 100.00%230,000,000.00 100.00%
3
1
a
b
c
d
e
2
9
10 1 2005 6 15 2005 6 15
2 2005 12 16 2005 12 162005
36
11 WTO ( ) 16 16 49% 49% ( ) 1% 1% 2005 6 9
1
2
3
4
5
6
2006 3 28
