2008
2008 12 31
2009 3 27
1
1
1.1
2009 3 19
2008 4 18 12 31
2
1.2
§1
.................................................................................................................................1
1.1 ......................................................................................................................................1
1.2 ..............................................................................................................................................2
§2
.............................................................................................................................................4
2.1 ..............................................................................................................................4
2.2 ..............................................................................................................................4
2.3 ..........................................................................................................4
2.4 ..............................................................................................................................5
2.5 ..............................................................................................................................5
§3 ...............................................................................5
3.1 ..........................................................................................................5
3.2 ..............................................................................................................................6
3.3 ..................................................................................................9
§4 ...........................................................................................................................................9
4.1 ......................................................................................................9
4.2 ............................................................10
4.3 ........................................................................10
4.4 ........................................................11
4.5 ........................................................12
4.6 .........................................................................12
4.7 ....................................................................13
4.8 ........................................................................14
§5 .........................................................................................................................................14
5.1 ............................................................................14
5.2 ........15
5.3 ............................15
§6 .............................................................................................................................................15
§7 .....................................................................................................................................16
7.1 .................................................................................................................................16
7.2 ........................................................................................................................................17
7.3 ............................................................................................18
7.4 ....................................................................................................................................19
§8
...................................................................................................................................35
8.1 ............................................................................................................35
8.2 ............................................................................................35
8.3 ................................36
8.4 ........................................................................................36
8.5 ....................................................................................38
8.6 ............................38
8.7 ................38
8.8 ............................38
8.9 ....................................................................................................................38
3
§9 ..........................................................................................................................39
9.1 ................................................................................39
9.2 ........................................................39
§10
.....................................................................................................................40
§11 ...................................................................................................................................40
11.1 ......................................................................................................40
11.2 ......................................40
11.3 ..........................................................41
11.4 ..............................................................................................................41
11.5 ..................................................................................41
11.6 ..................................................41
11.7 …………………………………………………...43
11.8 ..........................................................................................................................42
§12 ...................................................................................................................................43
4
2
2.1
A 420002
B 420102
2008 4 18
231,427,546.29
A B
420002 420102
139,562,603.99 91,864,942.30
2.2
2.3
022-83865568 021-62677777*212004
5
lvch@thfund.com.cn zhangzhy@cib.com.cn
022-83310988
4007109999
95561
022-83865569 021-62159217
59 A 16
154
59 A 16
168 20
300203 200041
2.4
www.thfund.com.cn
2.5
202 11
59 A 16
3
3.1
3.1.1 A
3.1.1
2008 4 18 2008 12 31
9,015,144.22
10,280,867.24
0.0536
5.28% 6
7.36%
3.1.2
2008
7,597,416.77
0.0544
147,965,008.23
1.0602
3.1.3
2008
7.36%
3.1.2 B
3.1.1
2008 4 18 2008 12 31
17,983,046.29
25,713,883.73
0.0682
6.69%
7.70%
3.1.2
2008
5,311,701.98
0.0578
97,705,746.97
1.0636
3.1.3
2008
7.70%
1
2 2008 4 18
3.2
3.2.1
3.2.1.1 A
4.24% 0.29% 4.41% 0.13% -0.17% 0.16%
6.72% 0.22% 7.47% 0.13% -0.75% 0.09%
7.36% 0.19% 7.51% 0.12% -0.15% 0.07%
3.2.1.2 B
7
4.38% 0.29% 4.41% 0.13% -0.03% 0.16%
6.98% 0.22% 7.47% 0.13% -0.49% 0.09%
7.70% 0.19% 7.51% 0.12% 0.19% 0.07%
( ) , , , ,
3.2.2
3.2.2.1
A
2008 4 18 2008 12 31
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2008 4 18 2008 5 3 2008 5 18 2008 6 2 2008 6 17 2008 7 2 2008 7 17 2008 8 1 2008 8 16 2008 8 31 2008 9 15 2008 9 30 2008 10 15 2008 10 30 2008 11 14 2008 11 29 2008 12 14 2008 12 29 A
3.2.2.2 B
2008 4 18 2008 12 31
8
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2008 4 18 2008 5 3 2008 5 18 2008 6 2 2008 6 17 2008 7 2 2008 7 17 2008 8 1 2008 8 16 2008 8 31 2008 9 15 2008 9 30 2008 10 15 2008 10 30 2008 11 14 2008 11 29 2008 12 14 2008 12 29 B
1 80% 20 5
2 2008 4 18 2008 4 18 2008 10 17
3.2.3
3.2.3.1 A
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
2008 A
3.2.3.2 B
9
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
2008 B
2008 4 18 2008
3.3
A
10
2008 0.130 1,152,141.17293,670.791,445,811.96
0.130 1,152,141.17293,670.791,445,811.96
B
10
2008 0.130 2,820,537.001,758,051.114,578,588.11
0.130 2,820,537.001,758,051.114,578,588.11
4
4.1
4.1.1
[2004]164 2004 11 10
8 1
4.1.2
2008 4
8
1970 2008 2
2008 4
2008 5 30
5
1974 FRM 2006
7
4.2
4.3
4.3.1
11
4.3.2
4.3.3
4.4
2008 GDP CPI PPI 10.6% 8.03% 6.89% 6.8% 2.53% 2.15% 189BP 9 10 1% 10 2.7%
108BP 08
08 08 300 65.94% 31.56%
08 08 12
4.5
08 09 1 1.44%
09 09
09 09
09 1 09 2 09
08 09
4.6
13
,
4.7
[2008]38
14
4.8
2008 4 18 , 12 , 1 90% 3 2008
9 30 A 1,954,584.64 B 4,941,725.33 2008 11 21 10 0.13 A 1,445,811.96 B 4,578,588.11
2008 12 31 A 7,597,416.77 B
5,311,701.98 2009 2 11 2008 2008 12 31 2009 2 11 A 10 0.49 B 10 0.53
5
5.1
15
5.2
5.3
6
(2009) 20268
( ) 2008 12 31 2008 4 18 ( ) 2008 12 31 ( )
1
1
2
3
2
16
3
2008 12 31 2008 4 18 ( ) 2008 12 31
·
2009 3 24
§7
7.1
2008 12 31
2008 12 31
7.4.7.122,591,757.65
60,876.39
250,000.00
7.4.7.2 253,111,266.44
1,118,164.24
-
251,993,102.20
- 17
7.4.7.3 -
7.4.7.4 -
-
7.4.7.53,960,733.58
-
2,947,000.00
-
7.4.7.6 -
282,921,634.06
2008 12 31
-
-
-
24,999,842.50
67,230.63
11,316,175.59
204,061.08
58,303.17
41,510.92
7.4.7.7 21,667.34
-
2,471.61
-
-
7.4.7.8 539,616.02
37,250,878.86
-
7.4.7.9231,427,546.29
7.4.7.1014,243,208.91
245,670,755.20
282,921,634.06
2008 12 31 A 1.0602 139,562,603.99 B 1.0636 91,864,942.30
2008 4 18
7.2
2008 4 18 ( ) 2008 12 31
18
2008 4 18 ( ) 2008 12 31
42,845,424.72
1.
17,909,916.55
7.4.7.11 439,952.45
17,395,546.76
-
74,417.34
2.
15,885,148.52
7.4.7.122,789,780.32
-
7.4.7.1312,155,949.09
-
7.4.7.14 914,400.91
7.4.7.15 25,018.20
3. 7.4.7.16 8,996,560.46
4.
-
5. 7.4.7.17 53,799.19
-6,850,673.75
1
-2,833,476.61
2
-809,564.80
3
-545,897.10
4 7.4.7.18-51,225.83
5
-2,293,461.37
-2,293,461.37
6 7.4.7.19-317,048.04
35,994,750.97
-
35,994,750.97
2008 4 18
7.3
2008 4 18 ( ) 2008 12 31
2008 4 18 ( ) 2008 12
31
19
685,027,307.52 - 685,027,307.52
- 35,994,750.97 35,994,750.97
-453,599,761.23 -15,727,141.99 -469,326,903.22
1. 398,668,270.41 15,538,261.57 414,206,531.98
2. -852,268,031.64 -31,265,403.56 -883,533,435.20
- -6,024,400.07 -6,024,400.07
231,427,546.29 14,243,208.91 245,670,755.20
2008 4 18
7.4
7.4.1
( ) ( ) [2008] 237 684,977,572.50 (2008) 044 2008 4 18 685,027,307.52
49,735.02 ( )
A B A B A B
20
80% 20 5
2009 3 26
7.4.2
2006 2 15 38
( ) [2009]4 XBRL
3 < > 2007 5 15
7.4.4
7.4.3
2008 4 18 ( ) 2008 12 31 2008 12 31 2008 4 18
( ) 2008 12 31
7.4.4
7.4.4.1
1 1 12 31 2008
4 18 ( ) 2008 12 31
7.4.4.2
7.4.4.3
(1)
( )
21
(2)
7.4.4.4
7.4.4.5
( )
(1)
(2)
2008 38
(3)
7.4.4.6
22
7.4.4.7
7.4.4.8
/( )
7.4.4.9 /( )
7.4.4.10
7.4.4.11
( ) ( )
7.4.4.12
23
7.4.4.13
7.4.4.14
7.4.5
7.4.6
[2002]128 [2004]78 [2005]102 [2005]103
(1)
(2)
(3) 20%
50% 20%
(4) 2008 4 24 0.3% 2008
4 24 2008 9 18 0.1% 2008 9 19 0.1%
5
7.4.7
7.4.7.1
2008 12 31
22,591,757.65
-
-
22,591,757.65
7.4.7.2
24
2008 12 31
849,749.761,118,164.24 268,414.48
67,092.2067,102.20 10.00
243,197,864.02251,926,000.00 8,728,135.98
243,264,956.22251,993,102.20 8,728,145.98
- - -
- - -
- - -
244,114,705.98253,111,266.44 8,996,560.46
8,728,135.98
7.4.7.3 /
(2008 12 31 ) /
7.4.7.4
(2008 12 31 )
7.4.7.5
2008 12 31
4,891.72
-
-
-
3,955,841.86
-
-
-
3,960,733.58
7.4.7.6
(2008 12 31 )
7.4.7.7
2008 12 31
8,464.44
10,425.20
2,777.70
21,667.34
7.4.7.8
25
2008 12 31
250,000.00
7,974.86
281,641.16
539,616.02
7.4.7.9
A
2008 4 18 ( ) 2008 12 31
286,902,133.47286,902,133.47
68,514,437.7868,514,437.78
-215,853,967.26-215,853,967.26
139,562,603.99139,562,603.99
B
2008 4 18 ( ) 2008 12 31
398,125,174.05398,125,174.05
330,153,832.63330,153,832.63
-636,414,064.38-636,414,064.38
91,864,942.3091,864,942.30
7.4.7.10
A
- - -
9,015,144.221,265,723.02 10,280,867.24
28,084.51 -460,735.55 -432,651.04
2,166,918.42553,921.13 2,720,839.55
-2,138,833.91-1,014,656.68 -3,153,490.59
-1,445,811.96 - -1,445,811.96
7,597,416.77804,987.47 8,402,404.24
B
- - -
17,983,046.297,730,837.44 25,713,883.73
-8,092,756.20 -7,201,734.75 -15,294,490.95
8,820,137.093,997,284.93 12,817,422.02
-16,912,893.29-11,199,019.68 -28,111,912.97
-4,578,588.11 - -4,578,588.11
5,311,701.98529,102.69 5,840,804.67 26
7.4.7.11
2008 4 18 ( )
2008 12 31
401,877.87
-
-
7,375.24
30,699.34
439,952.45
7.4.7.12
2008 4 18 ( )
2008 12 31
12,308,572.60
-9,518,792.28
2,789,780.32
7.4.7.13
2008 4 18 ( )
2008 12 31
2,177,128,841.30
-2,139,725,702.25
-25,247,189.96
12,155,949.09
7.4.7.14
7.4.7.14.1
2008 4 18 ( )
2008 12 31
4,268,970.30
-3,354,569.39
914,400.91
7.4.7.15
2008 4 18 ( )
2008 12 31
25,018.20 27
-
25,018.20
7.4.7.16
2008 4 18 ( )
2008 12 31
1.
268,414.48
8,728,145.98
-
-
2.
-
3. -
8,996,560.46
7.4.7.17
2008 4 18 ( )
2008 12 31
53,799.19
53,799.19
A B 25%
7.4.7.18
2008 4 18 ( )
2008 12 31
34,088.33
17,137.50
51,225.83
7.4.7.19
2008 4 18 ( )
2008 12 31
70,410.29
211,230.87
7,500.00
27,006.88
900.00
317,048.04
28
7.4.8
7.4.8.1
7.4.8.2
2009 2 11 2008 2 2009 2 10
A 10 0.49 B 10 0.53
7.4.9
7.4.9.1
2008 5 24 (2008)639 26%
7.4.9.2
( )
(2008 5 24 )
(2008 5 24 )
7.4.10
7.4.10.1
7.4.10.2
7.4.10.2.1
2008 4 18 ( ) 2008
12 31
2,833,476.61
2,629,415.53
204,061.08
0.7% X 0.7% /
7.4.10.2.2
29
2008 4 18 ( ) 2008
12 31
809,564.80
751,261.63
58,303.17
0.2% X 0.2% /
7.4.10.2.3
2008 4 18 ( ) 2008 12 31
55,401.82 2,980.61 58,382.43
55,401.82 2,980.61 58,382.43
A 0.4%
X 0.4% /
B
7.4.10.3 ( )
2008 4 18 ( ) 2008 12 31
- - - -
251,450,000.0
0
271,974.9
9
7.4.10.4
7.4.10.4.1
2008 4 18 ( ) 2008 12 31
-
-
/ 18,808,426.60
-
/ -
18,808,426.60 30
8.13%
1,000.00
7.4.10.4.2
(2008 12 31 )
7.4.10.5
2008 4 18 ( ) 2008 12 31
22,591,757.65 401,877.87
7.4.10.6
7.4.11
10
1
08/11/2
0
08/11/2
0 0.130
3,972,678.
17
2,051,721.
90
6,024,400.
07
3,972,678.
17
2,051,721.
90
6,024,400.
07
7.4.12 2008 12 31
7.4.12.1 /
2008 12 31 /
7.4.12.2
2008 12 31
7.4.12.3
7.4.12.3.1
2008 12 31 24,999,842.50
0801047 08 47 09/01/05 106.90 250,000 26,725,000.00
26,725,000.00
7.4.12.3.2
31
2008 12 31
7.4.13
7.4.13.1
7.4.13.2
10% 10%
32
7.4.13.3
7.4.12.3.1
2008 12 31
2008 12 31
3 3 1 1 5 5
- 22,591,757.65 - - - 22,591,757.65
- 60,876.39 - - - 60,876.39
- 250,000.00 - - - 250,000.00
1,118,164.24 - 19,287,133.80 218,720,800.0043,526,400.00 282,652,498.04
- 2,947,000.00 - - - 2,947,000.00
1,118,164.24 25,849,634.0419,287,133.80 218,720,800.0043,526,400.00 308,502,132.08
- 25,005,609.59 - - - 25,005,609.59
- 67,230.63 - - - 67,230.63
- 11,316,175.59 - - - 11,316,175.59
- 204,061.08 - - - 204,061.08
- 58,303.17 - - - 58,303.17
- 41,510.92 - - - 41,510.92
- 21,667.34 - - - 21,667.34
- 539,616.02 - - - 539,616.02 33
- 37,254,174.34 - - - 37,254,174.34
1,118,164.24 -11,404,540.3019,287,133.80 218,720,800.0043,526,400.00 271,247,957.74
7.4.13.4
7.4.13.4.1
7.4.13.4.1.1
2008 12 31
1 1 5 5
22,591,757.65 - - - 22,591,757.65
60,876.39 - - - 60,876.39
- - - 250,000.00 250,000.00
9,760,102.20200,091,000.0042,142,000.00 1,118,164.24 253,111,266.44
- - - 3,960,733.58 3,960,733.58
- - - 2,947,000.00 2,947,000.00
32,412,736.24200,091,000.0042,142,000.008,275,897.82 282,921,634.06
24,999,842.50 - - - 24,999,842.50
- - - 67,230.63 67,230.63
- - - 11,316,175.59 11,316,175.59
- - - 204,061.08 204,061.08
- - - 58,303.17 58,303.17
- - - 41,510.92 41,510.92
- - - 21,667.34 21,667.34
- - - 2,471.61 2,471.61
- - - 539,616.02 539,616.02
24,999,842.50 - - 12,251,036.36 37,250,878.86
7,412,893.74200,091,000.0042,142,000.00 -3,975,138.54 245,670,755.20 34
7.4.13.4.1.2
1.
2008 12 31
2007 12 31
25 221
25 218 7.4.13.4.2
7.4.13.4.3
VaR(Value at
Risk)
80% 20 5 2008 12 31
7.4.13.4.3.1
2008 12 31
%
1,118,164.24 0.46%
--
-- 35
1,118,164.24 0.46%
7.4.13.4.3.2
2008 12 31 0.46%
7.4.14
8
8.1
% 1
1,118,164.24 0.40%
1,118,164.24 0.40%
2
251,993,102.20 89.07%
251,993,102.20 89.07%
--
3
--
4
--
--
5
22,652,634.04 8.01%
6
7,157,733.58 2.53%
7
282,921,634.06 100.00%
8.2
%
A
- 0.00%
B
- 0.00%
C
1,118,164.24 0.46%
C0
- 0.00%
C1
- 0.00%
C2
- 0.00%
C3
- 0.00%
C4
- 0.00% 36
C5
583,695.12 0.24%
C6
- 0.00%
C7
534,469.12 0.22%
C8
- 0.00%
C99
- 0.00%
D
- 0.00%
E
- 0.00%
F
- 0.00%
G
- 0.00%
H
- 0.00%
I
- 0.00%
J
- 0.00%
K
- 0.00%
L
- 0.00%
M
- 0.00%
1,118,164.24 0.46%
8.3
% 1 002273
27,624 583,695.12 0.24%
2 002270
49,124 534,469.12 0.22%
8.4
8.4.1 2% 20
1 601766
1,967,251.62 0.80%
2 002269
1,144,281.84 0.47%
3 002242
1,070,379.52 0.44%
4 002240
959,552.60 0.39%
5 002251
560,980.80 0.23%
6 002254
516,764.82 0.21%
7 002249
513,075.20 0.21%
8 002270
427,378.80 0.17%
9 002273
422,370.96 0.17%
37
10 002252
347,676.21 0.14%
11 002238
275,451.74 0.11%
12 002246
262,390.30 0.11%
13 002239
244,259.40 0.10%
14 002264
215,844.00 0.09%
15 002247
209,067.30 0.09%
16 002255
207,787.90 0.08%
17 002243
177,928.60 0.07%
18 002248
176,409.80 0.07%
19 002253
175,598.75 0.07%
20 002245
173,071.08 0.07%
8.4.2 2% 20
1 601766
3,916,455.06 1.59%
2 002242
1,839,153.00 0.75%
3 002269
1,395,098.05 0.57%
4 002251
776,465.00 0.32%
5 002252
531,971.60 0.22%
6 002254
521,212.50 0.21%
7 002240
453,394.38 0.18%
8 002238
433,183.20 0.18%
9 002249
369,426.64 0.15%
10 002264
245,750.33 0.10%
11 002262
224,785.00 0.09%
12 002255
221,929.45 0.09%
13 002246
196,375.78 0.08%
14 002248
162,189.01 0.07%
15 002239
156,005.78 0.06%
16 002233
143,281.00 0.06%
17 002245
133,342.92 0.05%
18 002253
130,967.00 0.05%
19 002247
128,957.40 0.05%
20 002243
128,267.50 0.05%
8.4.3
10,368,542.04
12,308,572.60
38
8.5
%
1
67,102.20 0.03%
2
95,213,000.00 38.76%
3
73,725,000.00 30.00%
73,725,000.00 30.00%
4
82,988,000.00 33.78%
5
- 0.00%
6
- 0.00%
7
251,993,102.20 102.57%
8.6
( ) ( ) (%)
1 0801047 08 47 800,00085,520,000.00 34.81%
2 080417 08 17 500,00053,485,000.00 21.77%
3 088039 08 200,00021,280,000.00 8.66%
4 088045 08 200,00020,862,000.00 8.49%
5 088050 08 200,00020,478,000.00 8.34%
8.7
8.8
8.9
8.9.1
8.9.2
39
8.9.3
1
250,000.00
2
-
3
-
4
3,960,733.58
5
2,947,000.00
6
-
7
-
8
7,157,733.58
8.9.4
8.9.5
9
9.1
( )
A 1986 70,273.21 17,090,648.037.38%122,471,955.96 52.92%
B 333 275,870.70 79,055,624.0134.16%12,809,318.29 5.53%
2319 - 96,146,272.0441.54%135,281,274.25 58.46%
9.2
40
A 329,849.06 0.14%
329,849.06 0.14%
10
1 A
2008 4 18 286,902,133.47
68,514,437.78
-215,853,967.26
-
-
139,562,603.99
2 B
398,125,174.05
330,153,832.63
-636,414,064.38
-
-
91,864,942.30
11
11.1
11.2
41
11.3
11.4
11.5
100,000.00
11.6
11.7
11.7 1
1 8,392,117.54 68.18% 6,818.70 67.19%
1 3,916,455.06 31.82% 3329.00 32.81%
11.7 2
1 108,806,162.36 36.09% 0 0
1 192,681,915.29 63.91% 0 0
11.7 3
42
1 258,700,000.00 100% 0 0
11.7 4
1 4,268,970.30 100% 3,937.90 100%
11.8
1
2008 3 17
2
2008 3 18
3
2008 3 19
4
2008 3 19
5
2008 3 25
6
2008 4 19
7
2008 4 21
8
2008 4 28
9
2008 5 24
10
2008 5 30
11 2008 6 30 2008 7 1 43
12
2008 2
2008 7 21
13
2008
2008 8 27
14
2008 10 7
15
2008 10 8
16
2008 10 8
17
2008 3
2008 10 23
18
2008 10 25
19
2008
2008 11 18
20
2008 11 18
21
2008
2008 11 21
22
2008 12 2
23
2008 12 12
24
2008 12 18
25
2008 12 20
26
2008
12 31
2009 1 1 12
44
59 A 16
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