(2005 ) 2005 11 30 1
( ) 200212 2002 5 8 ( ),,,,,, 2005 11 30 2
1...4 2...4 3...6 4...14 5...17 6...21 7...26 8...27 9...31 10...33 11...34 12...36 13...37 14...39 15...39 16...43 17...44 18...45 19...58 20...64 21...67 22...68 23...68 3
1 2003 10 28 2004 6 1 2004 6 29 2004 7 1 2004 6 11 2004 7 1, 2 4
2003 10 28 2004 6 1 2004 6 29 2004 7 1 2004 6 29 2004 7 1 2004 6 11 2004 7 1 5
3 T 3 1998 3 5 1600 31 700 22-23 1.1 24% 24% 20% 20% 10% 2% 02123060282 6
1 13 1982 1992 1998 3 1999 10 EMBA12 1993 1999 1999 10 1989 2002 1 12 1993 1999 1999 2005 1994 1998 7
1979 1984 1992 1995 2 10 1995 1998 3 MBA 12 1994 1998 7 2003 3 8
12 1994 1998,, 4 9 2003 2004 5 1 2 3 4 5 6 7 8 9 10 11 12 1 9
2 1 2 3 4 5 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 10
2 3 4 5 6 7 8 1 2 3 4 1 1 2 3 11
2 1 1 2 2 12
1 2 3 4 13
4 BANK OF COMMUNICATIONS CO.,LTD 18 200336 188 200120 1987330 390.7 [1998]25 021-58408846 1987 137 5 2004 11386 123 1000 89 2005 6 23 1998 1999 2005 50 () 1997 6 1998 9 2001 9 14
2004 5 2000 11 2001 1 2002 5 2005 6 30 30 50 50 2 QFII AM A 900 1 2 1 2 15
3 4 5 3 16
5 1 1 700 22-23 02123060366 4008-888-68802133134688 www.gtfund.com 2 1 0106849855201068498575 01068498182 3 www.gtfund.com 021-23060367 17
2 1 18 188 021-58781234 95559 www.bankcomm.com 2 7088 0755-783195829 0755-83195049 www.cmbchina.com 3 500 02138784833 02168881829 4 618 021-62580818-213 021-62569400 4008888666 18
www.gtja.com 5 35 C 0106656861366568587 www.chinastock.com.cn 6 72020 021-68562200-3019 021-962506 www.dfzq.com.cn 7 68 188 01065178899 01065182261 8 298 051265581136 051265588021 9 262611 36364142 19
02087555888 02087557985 10 98 021535945664125 (021)53858549 11 1088-12 057185783707 057185106383 12 1012 16-26 1012 1626 075582130833 0755-82133302 700 23 1600 31 02123060366 20
4008-888-688 02133134688 39 SOHO A 31 0105878 5588 0105878 5599 568 200120 202 11 200021 02161238888 02161238800 6 1 2 3 www.gtfund.com 21
1 724 1500 2 30 3 30 4 3 1 2 3 3 1 2 22
T T2 3 T 7 1 5000 100 5000 2 1000 1000 1000 3 3 1 50 1.5% 50-500 1.0% 500 ()-1000 0.6% 1000 1000 2 0.5% 0.2% 0 / 23
3 3 2004 7 1 75 25 1 = = = /T 2 = T = = 3T T1 T1 T2 T1 3 1 10 2 24
1 2 10 3 20 1 1 2 3 4 5 6 2 1 2 3 25
3 4 5 1 3 7 26
8, 80% 1 2 3 1 1 2 27
3 2 1 2 3 4 5 6 7 3 60%-95% 35%-0 5 1 28
GDP 2 GDP CPI 29
A 65% 60% 1 10% 2 10% 3 80% 4 1 2 3 4 5 6 7 1 2,,2005 12 25 30
, 2005 9 30 1 () 627,599,026.00 72.60% 193,040,470.22 22.33% 40,228,820.17 4.65% 3,593,186.00 0.42% 864,461,502.39 100.00% 2 () 1 4,589,699.04 0.54% 2 41,415,978.74 4.87% 3 321,763,168.95 37.85% 104,020,596.34 12.24% 430,287.00 0.05% 8,566,085.37 1.01% 74,178,573.42 8.73% 12,553,404.60 1.48% 13,935,468.96 1.64% 64,748,233.00 7.62% 43,330,520.26 5.10% 4 25,224,942.40 2.97% 5 1,720,058.80 0.20% 6 73,482,457.32 8.64% 7 48,660,216.45 5.72% 8 39,194,695.87 4.61% 9 36,776,713.13 4.33% 10 9,731,703.67 1.14% 11 25,039,391.63 2.95% 12 - - 13 - - 627,599,026.00 73.82% 3 () () 1 600519 1,028,114 50,850,518.44 5.98% 2 600009 2,116,825 33,191,816.00 3.90% 3 600269 2,686,937 25,579,640.24 3.01% 31
4 000895 1,935,748 25,532,516.12 3.00% 5 600694 1,709,115 25,277,810.85 2.97% 6 600583 934,123 23,820,136.50 2.80% 7 000538 1,080,978 21,695,228.46 2.55% 8 000155 4,179,545 21,148,497.70 2.49% 9 000869 1,006,997 20,744,138.20 2.44% 10 000063 632,089 17,654,245.77 2.08% 4 () 1 148,291,840.30 17.44% 2 41,420,000.00 4.87% 3 3,328,629.92 0.39% 193,040,470.22 22.71% 5 () 1 01 09 41,420,000.00 4.87% 2 20 4 33,362,629.60 3.92% 3 04 5 25,358,046.50 2.98% 4 21 3 20,973,097.60 2.47% 5 99 5 16,041,394.60 1.89% 6 (1) (2) (3) () 750,000.00 62,500.00 2,773,298.50 7,387.50 3,593,186.00 (4) () 125488 3,328,629.92 0.39% 32
9 2005 11 30,, 2002 5 8 1-3 2-4 1 2 3 4 2002 12 31-12.20% 0.51% -18.54% 1.30% 6.34% -0.79% 2003 20.96% 0.76% 10.57% 1.14% 10.39% -0.38% 2004 1.69% 0.90% -15.23% 1.32% 16.92% -0.42% 2005-2.26% 1.15% -14.66% 1.58% 12.40% -0.43% 5.98% 0.82% -33.67% 1.30% 39.65% -0.48% 10 33
1 2 3 4 11 1 2 3 4 5 6 34
7 8 17 9 1 2 0.5% 1 2 3 10 4 35
1 2 12 1 2 3 4 1 2 3 4 5 90% 6 7 36
13 () 1 1 2 3 4 5 6 7 2 1 1.5% H=E 1.5% 365 H E, 2 2.5 H=E 2.5 365 37
H E 3 3 7 3 4 3 () 1 M 50 1.5% 50-500 1.0% 500 ()-1000 0.6% 1000 1000 2 0.5% 0.2% 0 / 3 38
() 14 1 2 1 1 12 31 3 3 4 5 6 7 1 2 3 15 39
3 40
1 2 3 4 5 6 7 ; 8 9 10 11 12 13, 14 41
15 16 17 18 19 20 21 22 23 24 25 26 42
16 1 2 3 4 5 WTO 6 7 8 43
1 2 3 17 1 1 2 3 4 2 1 1 2 44
3 2 1 2 3 4 5 6 7 3 4 5 5 6 18 1 45
618 1998 3 5 1.1 2 18 200336 188 200120 170 1987 3 30 199825 3 1 1 2 3 46
4 5 6 7 8 9 10 11 12 13 14 2 1 2 3 4 5 6 7 8 9 47
10 11 12 13 14 15 16 17 18 15 19 20 21 22 23 24 25 26 1 1 2 3 48
4 5 6 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 49
15 16 15 17 18 19 20 21 22 23 24 25 1 2 1 2 3 4 5 6 7 8 3 1 50
2 3 4 5 () 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 () 1 2 51
3 () 1 30 (1) (2) (3) (4) ( ) (5) 2 () 52
1 (1) (2) 50% 2 (1) (2) (3) 50% (4) (5) 3 10 53
(1) (2) 50% (1) 2 (2) (3) 50% (4) (5) () 1 10% 10 5 5 54
5 (1) (2) 10% 20% 2 (1) () 50% (2) () 1 2 (1) 50% (2) 55
(2) 3 4 5 () 1 (1) (2) (3) (4) 2 ( ) () 56
5 1 2 1 1 2 3 4 2 57
19 618 1998 3 5 1.1 18 200336 188 200120 170 1987 3 30 199825 58
59
/ / 60
1 2 61
62
5 15 60 90 5 30 30 1 2 63
3 4 20 1. 830-11:30 13:00-1700 2. 7*24 3. 7*24 2 4. 1. 7 2. 1. 2. CD 3. 4. 64
5. 6. 7. 1. 2. 3. 4. 1. 2. 1 1 3. 1. 65
2. 3. A 2% 1700 1. www.gtfund.com 8008203816955165 www.gtfund.com www.gtfund.com 021-23060367 2. 3. 1. 2. 2-7 3. 66
1. www.gtfund.com 2. service@gtfund.com 3. 4008-888-688 021-33134688 4. 021-23060372 5. 700 23 200001 21 2005 8 1 2005 8 17 2005 8 17 2005 9 2 2005 11 3 2005 11 3 2005 9 27 67
22 23 700 22-23 68