1
2
3
.........................................................................................................................2
.....................................................................................................................................4
.....................................................................5
.................................................................................................................................7
............................................................................................................................... 11
...................................................................................................................................11
...........................................................................................................................13
...........................................................................................................................34
...............................................................................................................40
.............................................................................................................41
.........................................................................................................................41
.........................................................................................................................44
4
5
3
6
7
8
9
2008 65% 08 1994 8 2010 4
2008 3000 1800
58.77 54.65% 4.12
A 10
11
12
(1) (2) (3) ·
13
2008 12 31
14
2008 1 1 2008 12 31
15
2008 1 1 2008 12 31
16
( ) ( ) [2005]85 419,517,490.36 (2005) 107 2005 7 29 419,612,160.22 94,669.86
70%-95% 0-3% 5% 80%MSCI
China A 20%
2006 2 15 38 ( ) [2009]4 XBRL
3 < >( ) 2007 5 15
4
2008 2008 12 31 2008
1 1 12 31
17
(i)
( )
(ii)
( ) 18
(i)
(ii)
(iii)
/( )
19
( ) ( )
(a)
b
(i) 2008 9 16 [2008]38 2008
9 16
(ii) [2006]37
20
[2008]38 2008 9 16
2008 9 16 20,939,308.72 20,939,308.72 20,939,308.72
[2002]128 [2004]78 [2005]102
(a)
(b)
(c) 20% 50% 20%
(d) 2008 4 24 0.3% 2008 4
24 2008 9 18 0.1% 2008 9 19 0.1%
21
2008 12 31 790,436.10 (2007 790,436.10 )
22
2008 12 31 23
2008 1 1 2008 12 31
24
25
26
(a) 25%
(b) 25%
( )
( )
(Fortis Investment Management S.A.)
27
28
1.5%
X 1.5% /
0.25%
X 0.25% / 2008 12 31 2007 12 31 29
2008 1 1 2008 12
31
2007 1 1 2007 12 31
30
000401 08/06/30 09/07/01 11.83 9.90 5,000,000 59,150,000.00 49,500,000.00
600583 08/12/31 09/12/31 11.55 11.57 4,000,000 46,200,000.00 46,280,000.00
000652
08/12/30
5.3309/01/20 5.28 3,999,38025,414,524.2321,316,695.40
600886
08/12/09
9.1309/03/04 10.04 388,600 3,279,888.61 3,547,918.00
2008 12 31
31
10% 10%
21 32
( )
33
34
VaR(Value at Risk)
70%-95% 0%-3% 2008 12 31
( )
2008 12 31 2007 12 31
5% 17,168 50,228
5% 17,168 50,228
35
36
37
38
2% 20
39
40
41
4 42
1 5 1 1 1 1 1
2
43
<3>
000401 44
“2009 ”
45
