2005 9 2005 2 18 ( 2005 23 ) ( 2005 43 ) 2005 3 31 ( ) 2005 9 30 2005 9 30 1
...1...2...6...12...15...19...19...19...24...27...33...35...36...38...39...41...41...42...45...47...49...58...64...66...66...66
( ) ( ) ( ) ( ( ) 1
6 6 45 6 1 / 2
18 2005 3 31 2005 2 28 2005 3 25 T T+n T n ( T ) 3
4
A B 0.25% 0.01% 5
( ) 88 48 88 48 2003 3 7 1 021 50499588 67% 33% 1 Christian D ALLEST (E.H.E.S.S.) Christian CLERC-BATUT S N S 6
Denis LEFRANC BAREP Albert Reculeau BP Bank IBK-SG Asset Management TCL 2 3 Denis LEFRANC 7
( ) 1 2 3 4 5 6 7 8 9 10 11 12 1 2 1 2 3 4 5 3 1 2 8
3 4 1 1 2 3 4 5 6 7 2 1 9
2 3 10
4 3 1 2 11
( ) 1 25 25 2004 9 17 [1998]12 (010) 67597420 2004 7 1,000 21 2004 12 31 39,047.85 22,255.85 34,893.76 310,391 2004 12 31 14,467 12,457 466 95533, 12
QFII 7 4 50 2 3 2005 6 30 11 ( 3 ) 88 ( A B ) ( A B ) 22 619.92 1 2 3 13
1 2 14
( ) 1 2 1 25 25 95533 www.ccb.cn 2 618 135 021-62580818 021-62583439 400-8888-666 021-962588 www.gtja.com 3 98 98 021 53594566 021-962503 www.htsec.com 4 68 15
188 400-8888-108( ) (010)65182261 www.csc108.com 5 35 C 35 C 010-66568613 66568587 010-68016655 800 820 1868 www.chinastock.com.cn 6 26 2611 36 36 41 42 020-87555888 020-87557985 020 87555888 http://www.gf.com.cn 7 99 021-68419974 021-68419974 www.xyzq.com.cn 8 298 298 16
0512-65581136 0512-65588021 0512-96288 www.dwzq.com.cn 9 8 8 027 67599560 027 85481532 027 65799999 www.cz318.com.cn 10 5047 25 24 10 5047 25 24 10 4008888555 0755-82493561 www.lhzq.com 11 A 39 45 0755-82943167 4008888111 0755-26951111 www.newone.com.cn 17
12 528 15-16 021 68816000 021 68815009 021 68823685 www.ebscn.com ( ) 855 24 855 24 021 58773177 : 021 58773268 ( ) 568 202 11 (021) 61238888 (021) 61238800 18
2005 23 2005 2 18 2005 2 28 2005 3 25 A,B 2,313,988,355.58 456,091.95 2,314,444,447.53 23,839 2005 3 31 ( ) 1 2 30 2005 4 7 19
30 2005 4 8 1 1 2 3 4 5 6 3 1 2 T T+1 T+2 3 20
T T 2 1 A 5,000 1000 B 500 1000 10 1000 2 1000 3 A 1000 A 500 500 A B B B 500 500 B A A 3 21
( ) 1 0.01 0.01 2 / 10 100,000 NAV 1.00 1 0 100,000 100,000 3 1 10,000 NAV 1.00 1 0 10,000 ( ) 1 2 3 4 5 22
6 ( ) 1 2 3 4 5 20 1 10% 2 1 2 23
10 3 3 20 ( ) 1 2 3 1 4 3 24
30 2005 4 8 2005 8 8 90 90 80 90 0.4% 25 0.25% 25 1 A=[B 1-D ] E A B D E 2 A=B E 1-D A B D E 3 3 25
1 2 1) T 2) T+1 T, 3) T+1 T 1 2 T+1 3 3 1 1 2 3 4 5 26
2 3 4 5 1 1 1 3 1 2 3 4 1 2 27
3 4 5 5 1 6 1 2 3 4 5 6 7 ( ) 1 28
1 180 2 10 3 10% 4 30 5 5 20 6 7 397 397 20 8 10 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) 397 (10) AAA (11) 29
1 + : 397 397 2 1 0 2 3 4 5 2005 9 30 ( ) 1 ( ) 2,402,015,183.32 59.46 580,000,000.00 14.36 - - 1,051,444,376.29 26.03 6,241,872.51 0.15 4,039,701,432.12 100.00 (%) 30
2 ( ) 1 2 19,547,729,000.00 6.60 - - 556,800,000.00 15.99 - - (%) 20 1 2005-07-13 21.46 2 2 2005-07-14 21.93 1 3 1 114 174 114 2 (%) (%) 1 30 38.82 15.99 2 30 ( ) 60 7.77-3 60 ( ) 90 8.91-4 90 ( ) 180 40.08-5 180 ( ) 397 20.28-115.86 15.99 2005 9 30 397 397 (%) (%) 30 ( ) 60 7.77-1 3.78-397 60 ( ) 90 8.91-2 4.60-397 90 ( ) 180 40.08-3 9.12-397 4 31
1 ( ) 1 - - 2 635,472,339.98 18.25 635,472,339.98 18.25 3 1,274,129,686.55 36.60 4 492,413,156.79 14.14 5 - - 2,402,015,183.32 69.00 397 609,182,066.06 2 ( ) ( ) (%) 17.50 1 05 33 5,000,000-493,326,820.44 14.17 2 05 29 3,200,000-316,057,138.95 9.08 3 05 02 2,850,000-287,434,614.48 8.26 4 04 12 2,100,000-213,260,332.48 6.13 5 05 57 2,000,000-197,313,884.58 5.67 6 04 20 1,400,000-140,096,574.44 4.02 7 04 17 1,300,000-131,536,322.70 3.78 8 05 02 1,000,000-99,963,515.84 2.87 9 05 22 1,000,000-99,099,488.52 2.85 10 05 51 1,000,000-98,827,885.51 2.84 (%) 5 0.25% - 0.5% 66 0.48% 0.34% 0.41% 6 1 1.0000 2 397 397 20% 3 32
4 ( ) 1-2 - 3 6,007,444.07 4 5-6 234,428.44 7-6,241,872.51 ( ( ) ) A 945,026,221.50 742,202,371.24 217,568,760.50 420,392,610.76 B 2,416,792,242.47 2,739,041,399.46 2,344,934,759.38 2,022,685,602.39 2005 7 1 2005 9 30 1 A 4,060,325.50 742,202,371.24 1.0000 0.0048 B 13,174,707.65 2,739,041,399.46 1.0000 0.0054 2 33
3 A 0.4846 0.0011% 0. 4537% 0 0.0309% 0.0011% B 0.5456% 0.0011% 0.4537% 0 0.0919% 0.0011% 2005 3 31 2005 4 7 34
( ) 1 2 3 4 5 6 7 ( ) ( ) ( ) 35
1 2 3 4 0.25 0.5 5 6 7 1 6 8 36
1 ( ) 2 0.5% 3 ( ) 4 ( ) 5 1 2 3 4 5 37
4 8 1 2 0.01 3 4 T 5 1 2 =[ / ] 10000 38
7 (%) [ (1 + )] 1 100% 10000 7 i= 1 R i 365 R i i 1 (1) (2) (3) (4) (5) (6) (7) (8) 2 1 H E 0.33 H E 5 39
2 H E 0.1% H E 5 3 A 0.25% B 0.01% H E R H E R 0.25% 3 5 4 4 8 3 4 40
( ) 1 0 2 0 3 0 4 90 90 80 90 0.4% 25 0.25% 25 1 2 1 1 12 31 3 2 4 5 6 41
7 8 1 2 3 3 6 45 15 6 3 42
1, 2 / 3 4 1 2 3 4 5 1 2 3 2 1 2 3 43
4 5 6 7 30% 8 9 50% 10 11 12 13 14 15 16 17 18 19 20 21 22 23 0.5% 24 25 26 27 44
1 1 2 3 4 2 3 45
4 5 6 7 8 9 10 46
1 2 ( ) 1 (1) (2) (3) 2 1 (1) (2) 6 (3) 6 (4) 47
(5) 2 1 1 2 3 2 1 2 3 4 5 6 7 8 9 3 4 1 2 3 4 48
1 3 5 5 3 6 15 1 1 1, 2 3 4 5 6 7 8 9 49
10 11 12 13 14 2 1 2 3 4 5 6 7 8, 9 10 11 12 50
13 14 15 16 17 18 19 20 21 22 23 24 25 2 (1) 1 2 3 4 51
5 (2) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 52
19 3 (1) 1 2 3 4 5 6 7 8 9 10 (2) 1 2 3 4 5 6 7 ( ) 1 2 1 53
10% 10 ( ) 1 2) 3) 4) 5) 6 7 8) 9) 10 2 1 2 3 4 5 6 3 1 2 3 10% 54
10% 4 10% 10% 5 4 1 1 2 10% 35 30 3 4) 30 55
30 5) 2 1 50% ( ) ( ) 2 30 3 5 1 ; 2 1 50% 2 2 3 4 56
5 6 1 1 2 3 2 ( ) 1 (1) (2) 6 (3) 6 (4) (5) 2 57
3 (1) (2) (3) (4) ( ) ( ) 3 ( ) 1 88 48 88 48 200121 58
2003 3 7 [2003] 19 1 2 25 25 2004 9 17 [1998]12 ( ) 1 1 (2) 59
,, (3) 2 1 2, (3) 3 ( ) 1 1 2 3 4 60
5 6 2 1 2 2 2 3 3 1 2 3 4 4 1 2 61
3 5 1 2 6 1 2 7 8 ( ) ( ) 1 2 1 2 3 4 62
0.25 0.5 5 6 7 1 6 8 3 4 5 (1) ( ) ( ) ( ) (2) 0.5% (3) ( ) (4) ( ) (5) ( ) 63
( ) 1 2 3 ( ) 1 2 3 4 1 64
2 15 1 3 1 5 000 1 000 2 3 4 1 2 5 www.fsfund.com 65
1 021-38784747 021-50499588 301 302 021 50499663 50499667 2 www.fsfund.com fsf@fsfund.com ( ) ( ) ( ) ( ) ( ) ( ) 66
( ) ( ) ( ) ( ) ( ) 67