( )
1
........................................................................................................................0
..........................................................................................................2
..........................................................................................................2
..................................................................................................6
................................................................................................14
............................................................................................18
............................................................................27
................................................................................................38
................................................................................................45
................................................................................................46
........................................................................................47
.....................................................................................52
.....................................................................................53
.................................................................................56
.....................................................................................56
.................................................................................................60
.................................................................................62
.............................................................................64
.....................................................................76
.....................................................................86
.....................................................................................87
.............................................................88
.............................................................................................88
2
3
1998 12 29
4
18
3
T
5
T + N T N T
10
6
7
8
1991
2000 4
2000
9
3
10
11
12
13
14
15
16
17
18
19
2
20
25
3
6
21
7
8
9
22
10
11
98
12
23
14 15
021-63325888
021-63326173
http://www.xcsc.com
24
18
25
24
26
68 3
27
010-84085858
010-84085338
010-88091188
010-88091199
28
3
6
7 8
29
9 10 11 12
13
14
15
16
17
18
24
30
1. 1,000 1,000 5000 1,000 50,000
1,000
2. 500 100
3.
3
1.
2.
3.
31
T T+7
1.
: 10,000 T 1.1000
10,000/1.1000=9,090.91
2.
/
T
/
/
=
= - / -
10,000 1.020 1.150
32
1.200 10,000 1.100 1.300
33
1
2
1 6
1
2
1
2
34
5
3
4
35
1
2
3
4 50
5 3
36
T
/ T
T+1 T+2
3
1
2
1
2
i
ii
37
iii
iv
v
vi
vii
3
3
38
,
CPPI
39
3%
40
1
2
1
2
3
41
42
1
2
3
4
5
6
7
8
2008 3 31
43
2,672,021,665.63 66.74 947,084,674.70 23.66 929,700.00 0.02 373,370,423.71 9.33 9,930,620.55 0.25 4,003,337,084.59 100.00 1
A 654,227.10 0.02
2
B 152,405,243.82 3.88
3
C 1,191,971,626.78 30.33
(1)
C 0
298,799,440.30 7.60
(2)
C 3 104,292,443.52 2.65
(3)
C 4 177,069,844.92 4.51
(4)
C 5 1,576,075.81 0.04
(5)
C 6 176,990,890.63 4.50
(6)
C 7 432,977,807.60 11.02
4
C 8 265,124.00 0.01
5
F 261,876,059.62 6.66
6
H 132,971,126.87 3.38
7
I 336,329,533.97 8.56
8
J 330,777,136.15 8.42
9
K 200,192,567.16 5.09
10
L 34,590,260.40 0.88
11
M 30,253,883.76 0.77
2,672,021,665.63 68.00
44
1
000157 5,727,571 252,013,124.00 6.41 2
601006 11,883,784 205,589,463.20 5.23 3
600036 6,330,362 203,647,745.54 5.18 4
600016 11,999,888 128,518,800.48 3.27 5
600048 4,015,094 119,449,046.50 3.04 6
600639 6,643,004 113,661,798.44 2.89 7
000858
4,446,088 107,595,329.60 2.74 8
000488 6,934,338 104,292,443.52 2.65 9
600859 2,572,149 100,956,848.25 2.57 10
600550 1,799,978 95,056,838.18 2.42 62,352,256 1,430,781,437.71 36.41 117,007,674.70 2.98
760,181,000.00 19.35
69,896,000.00 1.78
0.00 0.00
0.00 0.00
947,084,674.70 24.10
1 08 16 192,200,000.00 4.89 2 08 09 99,190,000.00 2.52 3 08 30 99,170,000.00 2.52 4 08 31 96,090,000.00 2.45 5 08 28 96,090,000.00 2.45 582,740,000.00 14.83
45
1
2
3
2,365,381.68
0.00
6,745,539.32
0.00
819,699.55
9,930,620.55
4
5
1 580019
450,000 1,042,231.77
450,000 1,042,231.77
6
:%
46
1 2
1 2 3 4 5=1-3 6=2-4 2004.03.30-2004.12.31 -9.01 0.50 -11.68 0.54 2.67 -0.04 2005.01.01-2005.12.31 0.85 0.96 3.53 0.55 -2.68 0.41
2006.01.01-2006.12.31 106.47 1.18 41.90 0.54 64.57 0.64
2007.01.01-2007.12.31
118.78 1.89 32.18 0.88 86.6 1.01
2008.01.01-2008.03.31
-21.97 2.26 -13.88 1.08 -8.09 1.18
223.45 1.37 47.64 0.69 175.81 0.68
2004 3 30
1
2
47
3
4
48
49
50
51
52
1.
2.
3.
4.
4
53
5
54
1
1 1.0
55
1 2 2 0.6
2 3 3 0.3
3 0
365
2
40%
T
=
1 0.6
1 2 2 0.3
2 3 3 0.1
3 0
3
56
57
( )
58
59
60
1
1
2
3
4
5
6
7
8
2
61
1 2
3
4
5
IT
6
7
8
62
1
2
2
1.
2.
5
6
63
3
5 3
15
64
65
66
67
24
,
68
69
70
71
72
73
74
75
76
77
1
78
1
2
79
3
80
81
82
1
1
2
a)
b)
2
1
2
3
3
83
4
5
84
5 45 60
90
3 15 20
85
1
2
86
1
2
6
1
2
7
8
888888
87
021 35104688 400-820-0860 www.galaxyasset.com
1 2007.10.11.
2 2007 2007.10.25.
3 2007.10.30.
4 2007.10.31.
5 2007.11.14
6 2008.1.8
7 2008.1.15.
8 2008.1.16
9 2007 2008.1.19.
10 2008.1.28.
88
11 2008.1.29.
12 2008.1.31
13 2008.2.13.
14 2008.3.5.
15 2008.3.6
16 2008.3.18
17 2007 2008.3.29.
89