RESEARCH REPORT
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10 2007 2 1 2 3 1 1
2
3
4
5
6
7
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9
A 2007 10 20000 6000 10
70 40 1 2 8 12 5 A 2006 2007 10 2 300 5 11
2002 2005 2006 2007 11 A 3.2 28.9 1 8 3 40 40% 1 2006 2800 2 2 2007 10 3.2 A 36% 2 500 2400 A 3 20 12
GDP 80% 90% 2006 2007 10 QFII 34.14% 28% 30% 2 1 2005 3.4 20% 3 2 401K 63% 2 23% 3 10 1 4 2006 2 13
2005 6 A 30% A 14
2007 11 A QDII A QDII 15
2007 10 40% A 3 2007 3 1500 40% 100 30% 15 20% 46 2006 145 2007 11 2533 17 85% 2007 95% 2006 3 2007 A 16
1 2500 5000 80 4 2007 2.4 1 1 300 4000 5000 5 4 2007 12 2 5 1 7 2 17
5 6 6 18
31 10% 10% 7 10% 30% 10% 10% 10% 10% 19
2006 7 2007 6 7 TA 7 20
2006 13% 2007 3 90% 1 1 21
63% 401k 20 80 90 8 8 22
401k 23
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7 (Bear Stearns), 23~26 9 10% 10% 9 25
1 GDP 20 GDP GDP 20 1 2007 3 Davis & Steil 2001 26
2 2006 2 2 1990 2004 14 5 GDP 15 20 27
2 2006 28
30% 2 1 3 40 401k 2005 3.4 20% 0 3 4 2006 2007 90 29
4 2 401K 63% 23% 3 3 2006 1 300 941.3 2007 10 16 5877.2 524.37% 2006 145.77 2007 11 2533.75 17 5 85% 2007 95% 2006 30
5 4 5000 80 10 2007 2.4 10 2007 12 2 31
401 401 1978 401 25 401 1401 2 15 3 4 401 401 32
5 401 1 401 401 401 2 401 3 401 4 2005 401 401 33
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