2010
2011 3 28
2010 1 1 12 31
1
021-38794999 010-66105799 xia.hong@jpmf-sitico.com custody@icbc.com.cn
400-889-4888 95588
021-68881170 010-66105798
2
http://www.51fund.com
2010
2009 6 24 2009 12 31
3.1.1
7,389,796.24 8,208,345.46 2,506,602.01 3,713,218.49
5,284,552.477,309,317.333,621,748.725,772,379.41
0.0257 0.0265 0.0104 0.0069
2.37% 1.98% 1.20% 0.90%
2010 2009
3.1.2
0.0363 0.0292 0.0077 0.0056
103,596,722.76 126,494,609.19 226,996,378.46 432,670,710.88
1.036 1.029 1.012 1.009
1.
2.
3.2.1 A
-0.29% 0.09% -2.98% 0.15% 2.69% -0.06%
3
0.78% 0.07% -2.83% 0.12% 3.61% -0.05%
2.37% 0.06% -0.87% 0.10% 3.24% -0.04%
------
------
3.60% 0.05% -2.44% 0.09% 6.04% -0.04%
B
-0.48% 0.09% -2.98% 0.15% 2.50% -0.06%
0.49% 0.08% -2.83% 0.12% 3.32% -0.04%
1.98% 0.06% -0.87% 0.10% 2.85% -0.04%
------
------
2.90% 0.05% -2.44% 0.09% 5.34% -0.04%
3.2.2
2009 6 24 2010 12 31
A
B
4
1 2009 6 24 2009 6 24 2010 12
31
2 2009 6 24 2009 12 23
3.2.3
A
5
B
1 2009 2009 6 24 2009 12 31
2
4.1.1
2004 5 12 2007 10 8 “ ” 2.5 2010 12
4.1.2
6
2009-6-24 - 8
2003 2007 2007 4 2008 6 2008 11
2010-2-9 - 3
2007 2010 2007 2
1.
2.
4.3.1
,
4.3.2
2009
7
2009
4.3.3
4.4.1 2010 GDP 11.9% 10.3% 9.6% 9.8% 10.3% GDP
2010 CPI 1.5% 5% 5 2.06% 1.94% 3.5% 3.66% 3.28% 3.88%
4.4.2 2010 12 31 A 1.036 2.37% B 1.029 1.98% -0.87%
2011
8
2011
2010
2010
2010
2010
9
2010 “ ” (2011) 20631
2010 12 31
2010 12 31
2009 12 31
40,667,868.60 13,473,238.92
109,345.40 17,654,749.73
250,000.00 250,000.00
217,820,918.40 570,894,750.44
--
--
217,820,918.40 570,894,750.44
--
--
- 20,000,000.00
331,959.20 35,993,861.16
2,867,472.11 5,314,583.42
--
1,517,370.94 661,488.81
--
--
263,564,934.65 664,242,672.48
2010 12 31
2009 12 31
--
--
--
--
20,793,761.02 -
10
11,261,401.59 3,313,234.02
118,365.57 371,548.96
39,455.19 123,849.64
34,764.19 140,587.92
53,842.48 52,861.23
613,825.00 2,000.00
--
--
--
558,187.66 571,501.37
33,473,602.70 4,575,583.14
222,872,962.95 653,017,447.54
7,218,369.00 6,649,641.80
230,091,331.95 659,667,089.34
263,564,934.65 664,242,672.48
2010 12 31 222,872,962.95 A 99,966,966.43 B 122,905,996.52 A 1.036 B 1.029
2010 1 1 2010 12 31
2010 1 1 2010 12 31
2009 6 24 2009 12 31
18,289,517.45 16,356,994.30
14,604,444.33 10,701,004.97
250,283.04 780,904.71
14,175,699.15 5,115,338.25
--
178,462.14 4,804,762.01
--
6,139,136.98 2,307,885.36
-59,360.94 -
--
6,198,497.92 1,446,944.36
--
- 860,941.00
--
-3,004,271.90 3,174,307.63
11
--
550,208.04 173,796.34
5,695,647.65 6,962,866.17
2,992,787.92 3,700,109.28
997,595.97 1,233,369.75
996,478.25 1,521,531.18
219,983.82 111,233.12
163,797.89 61,890.71
163,797.89 61,890.71
325,003.80 334,732.13
12,593,869.80 9,394,128.13
--
12,593,869.80 9,394,128.13
2010 1 1 2010 12 31
2010 1 1 2010 12 31 653,017,447.54 6,649,641.80 659,667,089.34
- 12,593,869.80 12,593,869.80
-430,144,484.59 -12,025,142.60 -442,169,627.19
2,208,251,041.24 63,195,943.80 2,271,446,985.04
-2,638,395,525.83 -75,221,086.40 -2,713,616,612.23
-- -
222,872,962.95 7,218,369.00 230,091,331.95
2009 6 24 2009 12 31 1,801,237,418.78 - 1,801,237,418.78
- 9,394,128.13 9,394,128.13
-1,148,219,971.24 -2,744,486.33 -1,150,964,457.57
641,062,501.94 2,330,273.19 643,392,775.13
-1,789,282,473.18 -5,074,759.52 -1,794,357,232.70
-- -
653,017,447.54 6,649,641.80 659,667,089.34
12
7.1 7.4
7.4.1
( ) ( ) [2009]361 2009 5 25 2009 6 19 1,800,918,562.24 (2009) 115 2009 6 24 1,801,237,418.78 318,856.54
A B A B
( ) 80% 5%
2011 3 28
7.4.2
2006 2 15 38 ( ) [2010]5 XBRL
3 < > 2007 5 15
13
7.4.4
7.4.3
2010 2010 12 31 2010
7.4.4
7.4.5
7.4.5.1
7.4.5.2
7.4.5.3
7.4.6
[2002]128 [2004]78 [2005]102 [2008]1
(1)
(2)
(3) 20%
(4) 0.1%
7.4.7
( ) ( ) ( )
14
J.P. Morgan Investment Management Limited ( ) J.P. Morgan 8CS Investments (GP) Limited ( )
7.4.8
7.4.8.1
7.4.8.2
7.4.8.2.1
2010 1 1 2010 12 31
2009 6 24 2009 12 31
2,992,787.92 3,700,109.28
647,288.83 860,385.48
0.6%
X 0.6% /
7.4.8.2.2
2010 1 1 2010 12 31
2009 6 24 2009 12 31
997,595.97 1,233,369.75
0.2%
X 0.2% /
7.4.8.2.3
2010 1 1 2010 12 31
A B
- 289,274.42 289,274.42
- 300,443.08 300,443.08
15
- 589,717.50589,717.50
2009 6 24 2009 12 31
A B
- 427,965.04 427,965.04
- 442,389.07 442,389.07
- 870,354.11 870,354.11
1. B
2. B 0.35%
B X 0.35% /
7.4.8.3 ( )
10,117,520.00 - - - - -
2009 6 24 2009 12 31 30,634,134.66 - - - - -
7.4.8.4
7.4.8.5
2010 1 1 2010 12 31
2009 6 24 2009 12 31
7.4.8.6
16
7.4.8.7
7.4.9 2010 12 31
7.4.10
(1)
(a)
(b)
( )
( ) ( )
( )
2010 12 31 109,222,918.40 108,598,000.00 (2009
12 31 161,700,750.44 409,194,000.00 )
2010 (2009 )
(2)
1 --
--
2 217,820,918.40 82.64
217,820,918.40 82.64
--
3 --
4 --
--
5 40,777,214.00 15.47
17
6 4,966,802.25 1.88
7 263,564,934.65 100.00
2010 12 31 230,091,331.95
A 1.036 1.036 B 1.029 1.029
8.4.1 2% 20
1 3,780,272.64 0.57
2 1,394,147.20 0.21
3 14,857.29 0.00
4 --
5 --
6 --
7 --
8 --
9 --
10 --
11 --
12 --
13 --
14 --
15 --
16 --
17 --
18 --
19 --
20 --
18
8.4.2 2% 20
1 3,677,711.69 0.56
2 1,437,942.40 0.22
3 14,262.10 0.00
4 - -
5 - -
6 - -
7 - -
8 - -
9 - -
10 - -
11 - -
12 - -
13 - -
14 - -
15 - -
16 - -
17 - -
18 - -
19 - -
20 - -
8.4.3
5,189,277.13
5,129,916.19
1 41,000,000.00 17.82
2 58,680,000.00 25.50
19
3 - -
- -
4 56,687,618.40 24.64
5 49,918,000.00 21.69
6 11,535,300.00 5.01
7 - -
8 217,820,918.40 94.67
1 400,000 41,000,000.00 17.82
2 200,000 19,576,000.00 8.51
3 200,000 19,562,000.00 8.50
4 200,000 19,542,000.00 8.49
5 105,000 11,535,300.00 5.01
8.9.1
8.9.2
8.9.3
1 250,000.00
2 331,959.20
3 -
4 2,867,472.11
5 1,517,370.94
6 -
7 -
8 -
20
9 4,966,802.25
8.9.4
1 11,535,300.00 5.01
8.9.5
8.9.6
2,504 39,922.91 20,024,489.55 20.03% 79,942,476.88 79.97%
3,030 40,563.04 17,265,345.23 14.05% 105,640,651.29 85.95%
5,534 40,273.39 37,289,834.78 16.73% 185,583,128.17 83.27%
A - -
B 307,507.37 0.2502%
307,507.37 0.1380%
A B
224,397,242.07 428,620,205.47
1,359,827,761.88 848,423,279.36
1,484,258,037.52 1,154,137,488.31
--
21
99,966,966.43 122,905,996.52
2010 2 3
2010 6 12
60,000 2
11.7.1
22
1 3,691,973.79 71.97% 100,000 50.00% 1 1,437,942.40 28.03% 100,000 50.00%
1 10
2.
1 ,
2 ,
3 ,
4 , ,
5 , ,
3.
1
2
4. 2010
11.7.2
312,367,294.79 75.95%1,569,900,000.00 100.00% - -
98,899,390.90 24.05% - - - -
