2009
4 24 2009 310
2010 11 30 2010 9 30
1
2
3
4
3
/
T
T+n T n T
3
5
3
10%
( )
6
( ) ( ) ( )
7
300 40 200021
2004 1 15
2003 144
-86-21-23261188
67% 33%
1
1957 1980 1984
1984 1992 1992 1996 1996 2004 2
1969 1992 1994
1995 1999 1999
2002 HFR 2002 2007
1963 1989 1990
8
1990 1993 1993 1998 1998 2000 7 2003 10
1958 1981 1983 1983 1986 1986 1990
1990 1996 1996
Max Diulius 1963
1937 1961 1985 1985 1991 1991 1999 1999
2003
1938
1950
2
9
1930 1959
Jean Audibert 1951 1975 1996 2001 2001 2005 2005
2008 CEO 2009 1 3
1964 1983 1990 1990 1993 1997 1999 1999 2004 2 2004 3 2005 2
4
1969
5
(CFA) 1997 NEC 2004 2006 7
2007 9 2009 6
10
2009 6 ,2009 9 2010 11 2010 2 300
6
7
1
2
3
4
5
6 ,
7
8
11
9
10
11
12
13
14
15
16
17
18 ,
19
20
21
22
23 30
12
24
25
26
1
2
1
2
3
4
5
3
1
2
3
4
1
2
13
1
2
3
4
5
3
1
2
14
3
4
1
1
2
3
4
15
5
6
2
1
2
3
4
5
6
3
1
1)
2)
16
3)
4)
5)
2
3
4
5
6
4
1
2
3
5
1
2
17
3
4
5
6
7
1
2
18
19
2005 2007 SAS70 70 2009 SAS70 SAS70 1
2
3
1
2
3 “ ”
4
20
5
6
4
1
2
3 “ ” “ ” “ ”
“ ”
4
5
6
7
5
1
2
21
3
4
3
22
1
300 40
+86 21 23261188
+86 21 23261199
+86 21 962299 , 400 880 8588
2
23
24
25
26
27
www.hrsec.com.cn
28
1233 1604-1608
202 11
+86 -21-23238888
+86-21-23238800
29
2009 6 12
1
2
www.swbnpp.com
30
1
2
T , , T+1 T 2
3
T 7
31
1 1,000 1,000
2 1,000 1,000
3
1 0.5%
1 1 2 0.25%
2 2 0%
32
25%
2
1
= / 1+
=
= /
2
10,000 1.5% 1.068
= 10,000 / (1+1.5%) =9,852.22
= 10,000
9,852.22 =147.78
=9,852.22 /1.068=9,224.93
10,000 1.068 9,224.93
10,000,000 1,000 1.068
= 1,000
33
= 10,000,000
1,000 = 9,999,000
= 9,999,000 ÷1.068=9,362,359.55
1,000 1.068 9,362,359.55
2
= ×T
= ×
= ?
2
10,000 1 0.5% 1.068
= 10,000 ×1.068= 10,680.00
= 10,680.00 ×0.5% = 53.40
=10,680.00 - 53.40 = 10626.60
10,000 1 1.068 10626.60
3 T T+1 , 3 4
T+1 T+2
T+1
34
3
1
1
2
3
2 1
2
3
5
35
1
10%
2
1
2 10%
36
3 2 3
2 20
2
2
37
38
39
81
40
81
81 60
41
42
43
44
A A B
45
A
B
46
1 5%
6 20%
7 10%
8 10%
10
47
80% 300
20%
48
49
50
51
52
17.91% 1.93% 17.01 1.65 0.90 0.28%
-2.97% 1.52% -13.69% 1.21% 10.72% 0.31%
2.
2009 6 12 2010 9 30
53
1) 60%—95% 80% 3% 0%—35% 5% 6
2)
54
55
1 2
3
5
6 ,
7 ,
56
57
58
59
60
61
62
63
1
1
2
3
4
5
6
7
2
1.5%
H
E ×1.5 ÷
H
E
2
3
0.25%
H = E ×0.25% ÷
H
E
2
64
1
1.2
100 100 500 500 1000 1000
2
1.5%
100 100 500 500 1000 1000
3
0.5%
1 0.5%
1 1 2 0.25%
2 2 0%
65
25%
1
2
3
4
2
66
1
2 1 1 12 31 2
3
4
5
6
7
1
2
67
( )
( )
( )
1
2
3
4
5
6
( )
( )
68
1
3
(1) 6 45 15
(2)
(3)
2
3
4
2
5
69
6
7
90
60
15
2
2
8
2
(1)
(2)
(3)
(4)
(5)
(6)
70
(7)
(8)
(9) 50%
(10) 30%
(11)
(12)
(13)
(14)
(15)
(16)
(17) 0.5%
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
9
10
71
30
11
( )
( )
72
:
73
1
2
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
55
1984 1 1
[1983]146
334,018,850,026
94
60% 95% 80% 3% 0% 35% 5%
95
2 3% 10% 1 5%
6 20%
7 10%
8 10%
1 1
10
96
10 10 10 3
2
4
1
2
3
4
5
6
7
8
97
98
99
100
101
102
103
4 15
104
105
1
2
3
4
5
6
106
1 +86-21-962299 400 880 8588
2 www.swbnpp.com
3
107
108
2010 6 1 2010 11 30
1 2010 6 1
2 2010 6 7
3 2010 6 10
4 2010 7 1
5 2010 7 1 2010
6 2010 7 9
7 2010 7 19 2010
8 2010 7 26
9 2010 7 28
10 2010 7 29
11 2010 8 3
12 2010 8 6
109
13 2010 8 16
14 2010 8 17
15 2010 8 17
16 2010 8 25
17 2010 8 27 2010
18 2010 8 28
19 2010 9 3 A
20 2010 9 4
21 2010 9 16
22 2010 9 17
23 2010 9 29
24 2010 9 30
110
25 2010 10 14
26 2010 10 27 2010
27 2010 10 27
28 2010 11 1
29 2010 11 2
30 2010 11 4
31 2010 11 9
111
( )