said that inflation was no longer a focus issue

Panoramic network CITIC Securities analyst Zhu jianfang on Saturday, November 26-in the "best Analyst Summit 2011 new wealth", said that inflation was no longer a focus issue, downward trend has been more clear that inflation next year are relatively low status. He pointed out that the global economic slowdown will reduce inflation pressures swtor power leveling, of falling food prices, also GeneralState. Zhu Jianfang team access to "the ninth best analyst in new wealth" macroeconomic the first place. (Panoramic network/Chen Danrong) Zhu jianfang make a speech at the Forum site (photo: Lei)

regardless of their economicConditions

Liuyang red network stations, November 27 (reporters Zhang Yonghong) Song Jilong is 83 years old this year. 　　This is a fantastic old man seems to be everywhere welcome, can trigger a "buzz" effect. At home, 8 year old grandson will send% 3C% 3E away MOM and dad, named to grandfather sent him to school son daughter-in-law watched him every day, never had a conflict.On the outside, taking out health care dipped, Sheung Shui, feel free to write the first the square ancient poems, will be able to let the crowd of onlookers applauded. 　　Sit down and chat with people, with a touch of humor the old republic power leveling, and some cultural discourse always make people laugh, not how long, involved in the chat more, he would have been around the middle of the crowd. Song Jilong says he has more than 20 years in the hospital. Instead, as early as at the age of 38, heFound out the heart stops intermittently and hyperlipidemia. Later, as the age increases, and added a gout problem. 　　Which was able to maintain health and longevity in disease, Song Jilong lies the secret of his lifestyle and keeping in mind. He find heart meet "health is the most important, in particular the weak heart of people, none of the seven emotions too. "SongFollowing the Dragon said, in fact people's impatience, boredom and other emotion often comes from discontent and discontent stems from not end up competing. 　　Song Jilong said he was never not end up competing with others, and look for feelings of comfort and satisfaction. Song Jilong says he is a man of him well: while at the age of 12 his father died, but the whole family life didn't take off socks (not fields tilled land) onlyHe is alone, although read-only 3 years of lower primary, education level is not high, but he has written pair, knows poetry, do appoint assign, funeral orations. Of course, the Song Jilong find most satisfying to the number of "Sun": 8 small grandchildren is a lovely old, time to send him to school every day, carrying her son, daughter-in-law secretly gave him two dollars, and then told he can only afford bun, Steamed bread of which does not put fire, does not damage the food to eat. 　　Meditation without too much interference, and children Song Jilong boss Jiang Xiulan is 63 years old, is a lazy man: an interview with Song Jilong in 2 hours, finished her tea wipe furniture, polished finish furniture to MOP the floor, has been kept busy. "I said to her, things done by younger member of a family at home, she had to do was break. OldPeople crazy, stupid until one o'clock is not annoying. 　　"Song Jilong said. I will say that Song Jilong is a wise old man. 　　Song Jilong said that since knowing the heart cannot afford too much pressure, he had this way philosophy: no skin in the home country's tired swtor power leveling, happy gods. Song Jilong knows, children's own grandchildren-Fu, as long as the children do not take unhealthy trend, regardless of their economicConditions, family relationships, moods, he will not be active, and not impose any interference and accusations. He also never watching the news hookup, not to discuss the Affairs of State, "young have enough hearts, now must pay attention to itself. "Read and study medicine Song Jilong room is only a bed and a wardrobe, cupboard with no clothing,But a Cabinet full of paper and books. 　　One of the dictionary of traditional Chinese medicine of the yellowed pages of transverse bar full road. 　　Song Jilong a health secret is: spend more time reading, especially medical books. Therefore, a good memory of the elderly day back ancient texts, articles in the guwen guanzhi mouths. Have time to sit in the House and watch copybook, in the squareFor the paper, to practicing the art of water ink, calligraphy is also a swimming dragon dance on the Phoenix. "In the treatise on 113, 13 of them by the evolution of Guizhi decoction. This party called Zhi gancao decoction in the 13-party, authoritarian heart stops intermittently. "Is the most remarkable, from Zhang Zhongjing in the treatise on intermittent stop, found the treatment of heart arrhythmia drugsParties, their control of the disease for 20 years as one day off. Song Jilong is grain administration veteran, retired for 20 years now. After retiring, Song Jilong began specializes in traditional Chinese medicine of medicine, from acupuncture to Ai Xun, to massage the acupoints and drugs, he learned, should have cured their own faults. ()

"x-men" in the "universal magnetic King"

Rainer Werner Fassbinder found irregular aeration of the Prometheus space war clothes modeling Luogen・maxieer-green, Michael Fassbender and Noomi Rapace was last seen wearing a space war suits Charlize Theron and Idris Elba in the Prometheus m1905 movie network on Bridge Authority published on November 26 science fiction thrillers the Prometheus in the entertainment weekly recently exposed a few stills on, "x-men" in the "universal magnetic King" the old republic power leveling, and WeiNice movie King Michael Fassbender, "the snow (blog) Princess" evil Queen, Oscar-winning actress Charlize Theron as well as in "Sherlock Holmes", "dragon tattoo girl" Noomi Rapace's appearance was the first signs, new luogen・maxieer-green and Rainer Werner Fassbinder, lapeisi three persons unknown planet, wearing space suits them in the dark looking forWhat, they are surrounded by ancient shaped keel, the front was a breakage was huge head statue. Is called the special episode the message of the Prometheus have been puzzling recently Director Ridley Scott is finally revealed, the film's plot of the last 8 minutes of close contact with the aliens first: "the last 8 minutes will evolve a good profiledGene. "In the film, Ridley Scott created a myth of open science-fiction, a team of scientists carried out a campaign of horror adventure tour, all this will be tested on their physical and mental limits, and asked them to stay in a completely different world, where they will find afflicting humankind has long been the ultimate answer to the question, as well as the ultimate mystery of life. The film will beOn June 8, 2012 in d form released in North America. Previously leaked plot: 2058, archaeologists excavated monuments found in Africa, by a human have evolved a more alien races created. People then sent the spacecraft "Prometheus" extraterrestrial "God" of the planet, "paradise", to find their own creator. AlienLiving received the Earth to "children", and to show them their advanced civilization as well as the magic universe. But there is one people on earth are clearly not met, steal the alien race he used despicable method of "bio-source", with these, you can possess the capability to alien races, humans and their own creator on an equal footing. Alien race rage and out of their ownBio---one in Super h shaped, to kill the ungrateful people on Earth. However, the plan out of the error, human in such a way to get profiled counteroffensive, and alien races "paradise" slaughterhouse became shaped this planet. Earth for when they return, and finally a spacecraft of extraterrestrial races after trailing, sworn to revenge, anger reduction in humans.

CCB's original staff after Lv Haiming is controlled by the police from Bank "resign". In addition

A private borrower's sudden death has sparked, Lianyungang the old republic power leveling, Jiangsu (601,008) financial circles of a series of "running" event. "As long as the person is engaged in a private lending, no matter with or without associated to their home to collect money, final in a top security company to withstand. "Local sources told Ming Pao said.Recommended reading Bank channel count of the day: counting the strange coin in the world (photo) inventory: world's weirdest coins (Group) 14 credit card security: deep bottom part of development banks first mortgage rates rose 10% custodial mothers deposit not be liable to pay interest in black men equal principal repayment was blatantly stealing money in the BankOne-third prepayment? A month ago, sail, Ruey Yang two guarantees in Lianyungang city adjacent to the boss of the company running. 　　On November 25, police confirmed to reporters in Lianyungang, two guarantors incident is drawing to a close, those responsible have been controlled. As a useful complement to the formal financial, private lending for criticism. LianyunTwo security companies in Hong Kong boss running the event, but also to the local bank employees. Lianyungang in these cases, the local loan shark, illegally raised funds and guarantee funds chain has been formed between companies. 　　For the Government, how to regulate and guide the urgent need to address the problem. Sudden death in mid-October 2011, in LianyungangPrivate lending Teng Liang suddenly died from disease. 　　Sudden death without any sign of Teng Liang, causing a run on fund raisers tide and sailed to cooperate with Teng Liang, Ruey Yang two security companies were implicated. Lending relationships between these three are not complex: Teng Liang from the sail company borrowed $ 10 million first, and then transfers the money to a higher degree of interest goLent Ruey Yang company. 　　But who could have possibly guessed Teng Liang's sudden death. 　　On October 16, sail Lv Haiming investment company limited by guarantee boss suddenly disappear, after 3 days, Ruey Yang investment guarantee actual control of the company were Wang Bing also Pao Lu, Wang and more than 60 million dollars of the bank guarantee fund had lost credit protection barrier. The afternoon of October 20, evenCloud City economic and information Committee, the Finance Office in Hong Kong and the CBRC promptly investigate and public security departments. 　　The investigation found that ruiyang partnering banks include industrial and commercial bank (601,398), the Bank of communications (601,328), Jiangsu Bank, Oriental Bank. One of those Bank of Jiangsu Lianyungang branch there is a risk of exposure draft which 1300Over, according to the Bank a insiders told this newspaper that the "this is not a loss, will not form bad loans, and have recovered half of the loans. "" Since Wang Bing is doing industrial BoomTown, when running, its still has 5 jewellery store profits per store per year about millions ", Lianyungang, Deputy Bureau Chief of China Banking Regulatory Commission Yin Luming told reporters that" survey to find outHou, Wang Bing quickly asset seizure, banks rushed to the Court for preservation, and in consultation with borrowing companies replace the guarantee institutions. 　　"Under the joint efforts of the departments concerned in Lianyungang, Wang Bing returns Lianyungang, surrendered a week after the flight. Wang Bing ruiyang warranty registration company was founded in 2006, Lianyungang various guarantee companies continue to emerge this year. Because the originalImmediately the threshold of the low guarantee company in the context of the whole city quickly reach more than 160 enterprises. 　　According to local people close to this newspaper revealed that 2008-2009, Wang Bing is no longer focused on the jewelry business in favour of investing in stocks, futures and real estate development. Zhejiang entrepreneurs who have had contact with Wang Bing told a press conference, Wang Bing after the play "more heroic", And the banks was constantly sought after him. 　　In 2010, ruiyang guarantee companies raise registered capital to $ 60 million. Thanks to guarantee this platform, Wang Bing has attracted various investors, which Teng Liang of 10 million. 　　In fact after the incident, Wang Bing required to pay interest on the loan sharks for more than 10 million yuan per year. "SharesWang Bing on the market are not professional, needs a lot of money and an endless stream of real estate, Wang Bing could not handle, eventually funding strand breaks ", the entrepreneur said, especially the sudden death of Teng Liang Wang Bing ruiyang company Add. Yin Luming to this newspaper that the ruiyang guarantee company although the crash occurred because of funding problems, but it involves risks of bank money has been controlling, They don't make too much of an impact. 　　Lianyungang there are about more than 160 companies guarantee companies, financial guarantee company 84, covering a bank guarantee for the loan amount of about $ 15 billion, "the risks are controlled within the range of" Yin Luming said. When in an interview with this newspaper, local Government firmly rejected "Wang Bing to get his family to go abroad and volume 120 million dollar"Said. 　　Set sail for unlawful deposit-taking sail guarantee company, is the regulatory concerns, human Lv Haiming in one line of actual control of the company staff. Reporter confirmed that Teng Liang 10 million loan shark payments from sailing guarantee company. Lianyungang Government departments investigation, sail company suspected of illegally absorbing deposits in public.According to the information obtained by this newspaper, sails guarantee company was established in February 2009, a year later changed its name to sail investment company, the registered capital of 10 million Yuan, including Lv Haiming, Li Jizhu funded $ 4.9 million and 5.1 million respectively. Because Lv Haiming in China Construction Bank (601,939) worked in Lianyungang branch, and as a branch managerMember backgrounds and personal network is clear, in its third day after running it was controlled by the police. 　　According to the information obtained from the local banking system by this newspaper, sail company suspected irregularities to absorb public funds of about $ 130 million to absorb deposits ranging from 2-9, involving more than 300 people, currently specify complete. Actual operation, the sail companyShareholders of Li Jizhu formed a "Dragon Pearl finance company" star wars the old republic power leveling, responsible for the high interest rates to attract deposits from the public, while the Lv Haiming deposits for lending and investment. "If it were not Teng Liang dies suddenly, estimation is not very large, but a people in mass due to information asymmetry runs", who has provided $ 500,000 to Dragon Ball financing (interest per month 3) told a press conference。 　　Runs not because the people have also reported sailing company events to emerge. Due to high interest payment in time, sailing company in the people to have good reputation, "even if the August one after another, did not draw too much attention. 　　"Such Dragon Ball said of financial funding. Relating sail company's specific circumstances,Lianyungang to "Troubleshoot" declined to reveal more information. 　　But people in the local banks have confirmed to this newspaper, CCB's original staff after Lv Haiming is controlled by the police from Bank "resign". In addition, Lianyungang running private borrowers more than sail and Ruey Yang two. This newspaper from local bankers Office was informed that the construction Bank more than a month ago in Lianyungang branch of the newDeputy Governor of the Pudong branch of the original Gu involving usury capital of more than 60 million, followed by Gu and his family all running. CCB investigation group headquarters had sent to investigate, Gu returned after the surrender or resign.

she said

The secret of another "bad woman" Gan Tingting worried that marrying out Gan Tingting stills of the abandoned secrets. In the Beijing times reported on November 27 in the new version of water margin of the successful shaping of Pan Jin-lian Gan Tingting met yesterday to attend an interview with will, she disclosed that since playing Pan Jinlian, results attracted numerous plays for her play bad women, she said: "in the new play abandoned secrets, Zhou Yuqin I play in another Pan Jin-lian-likeA bit stuffy show roles. "Gan Tingting bluntly" no longer transition I worry about their married not out, now want to play beggars. "The play, Gan Tingting Zhou Yuqin Jiangnan pharmaceutical family of Apricot and Don played Miss Alice, Gan Tingting laughs that actually own this is a strong" housekeeper Grandma, ", she said:" it is that kind of looks strong but inside the special needs of weak woman who care swtor power leveling, thisAnd Pan Jin-lian is a bit like. "Their speech enough, but Gan Tingting with respect to such roles, plays later to make new attempts, she said," because, since he started his speech is that too a woman's role, I would like to play a tomboy, such as speech that little beggar star wars the old republic power leveling, men all day long mopagunda. ��

But that is

Director, International Center for economic research, Tsinghua University Ju Jiandong hexun stock message presented by the Hunan finance securities, hexun.com and Beijing TV the world financial joint cooperation with the Hunan finance financial Television Forum on November 27 at Renmin University of Western Ontario Matilda held by the information property. The event, man-gathered in China's securities market-economist and public offeringAnd private equity investment officer, Chief Economist at the brokerage. Forum around the open economic fog, European debt crisis impact on shares, investment policies, three major themes. Peel off Forum were divided into economic fog, inaugurated the battle for a share, just picking up Daniel other things in three parts. Recommended reading hexun about City Hall: next week's a-shares or buying opportunity to five major gold stocks are large consumption willBurning draws passion 8 unit zhanchiyufei muddy water and min all: who black has who sets are can't wait large shareholders discovered food Lee 8 family a 12 years fuck disc hand of 8 section to deep investment feeling IPO Meng Yu Tiger 29 months "ring" go near trillion [micro-Bo] old Sha: push international plate Qian will do a thing [Unit 's] next week a unit or large area fell stopped (figure) in "brushed aside economicFog "Forum, administered by the Institute of Tsinghua University Economics Professor Ju Jiandong, healthy development of the economy depends on increasing domestic investment rate of return. ����Following are administered by the College Department of Economics, Tsinghua University speech Professor Ju Jiandong memoir. Moderator: here we listen to the views of bow, the a-share market has no good and no, I have here is a summary. In many areas ISee the policy has been strengthened, what Trojan, warm wind blowing the old republic power leveling, before going out of winter. Ju Jiandong: the first is the condition of capital markets, the real economy, China's economy is the engine of world economic growth. Therefore, I agree with the view of Dr Watson, from China's stock market prospects are bright, in the short term because of the real economy adjust some uncertainty, But that is, to make adjustments of China's economy as a whole like a healthy direction, is the core of what? Improve the return on investment in the country which is the core is the core, through increasing domestic investment rate of return, no matter what method of domestic economy, to healthy growth, so in this sense, the stock market prospects should be bright, so aHealth financing equity market on China's economy, is essential. Policy impact on the stock market star wars the old republic power leveling, I believe the stock market is expected to be a bright future.

the Mercedes a-class

Not long ago we exposed a group of 2013 Audi A3 (quoting picture parameters) on the track test spy photos, small change appearance and interior gives us a deep impression. Overseas media currently in the United States Death Valley recorded a set of spy photos of the latest road tests, claiming the new car will carry 1.4 l ~2.0-liter turbocharged engine,Meters are generally available in late 2012 or early 2013. This group of road test spy photos very strict in the Audi A3 is still in disguise, but family-front styling is clearly visible, and from the side of the vehicle, sturdy body lines above and below the curve of the line reflects the strong dynamic temperament. In addition, the top of the car and continued the family tradition,High and LED brake lights and a small tail design. 2013 Audi A3 will lock the BMW 1 series (quoting picture parameter), the Mercedes a-class (quoting picture parameters) and b-level compact models of the most direct competitors. Overseas media new cars are expected to have a series of four-cylinder turbocharged engine swtor power leveling, displacement from 1.4 per cent to 2 per cent. WithTime engine will also hold start/stop technology to help improve fuel economy, and carried S-tronic a 7 speed dual-clutch transmission. (China car network)

LED lights would then go their ways

Technology is changing the life of ten latest novelty searching 1th page: Panasonic incandescent appearance when LED lights at the beginning of November, national development and Reform Commission announced the incandescent phase-out plans, is expected in 2016 was completely withdrawn from the market by incandescent, LED lights would then go their ways, xiaobian saw this product today, mixed feelings inside. Recently, Panasonic unveiled world's first transparent glass as a shade of LED light bulbs。 This lamp looks like the same as traditional incandescent the old republic power leveling, it uses a single filament, 4.4 watts of power, life of up to 40,000 hours. This LED lamp in the switch pushed them swtor power leveling, they can instantly reach full brightness, and can withstand more than 100,000 times, uninterruptible switching is very suitable for stairs or bathroom need instant on/off lamp used. At the same time, its efficient performance makes it evenNearly at the limit of life, can still maintain 70% of brightness. This LED bulbs get this year Japan good design award Gold Prize.

129667864373584142_155

Shao Yu 2011 macroeconomic's main theme is built around "inflation". At present, the downward trend in inflation has been set, and is expected to remain about two quarters. This trend of investment direction, thinking is our starting point. We believe that inflation downward phase typically is a contraction of the economy, but doesn't mean that all the shares are not performances. A detailed analysisState of the economy, understand the industry and the economy on a periodic basis, we believe that the downward phase of inflation, mid-range consumer stocks as good defense, will have the opportunity to relative gains in two quarters. We estimate that in November 2011 and December consumer price index (CPI) is about 4.5%, CPI for the year 2012 at about 4%。 CPI and the producer price index (PPI) downward trend is established, and PPI downlink speeds faster than the CPI.　　It means that the disparity of the CPI and PPI (CPI-PPI) will be even more significant impact on the industry. At the consumer level, growth of the middle class is taking place in China have significant thing in the world. In this cycle of high inflation,Rising prices eating revenue, it is difficult to see growth in consumption and improving the quality of; in the downward cycle of inflation is likely to occur "lower consumption up", "upper-class consumption down" and "date" of South. The reason is that lower consumer spending power was no longer suppressed by the prices; to cool the economy led to enterprise and government savings, upper-class consumer right down.It should be noted that, in the context of domestic "middle class" standards (such as college education, having a car, there is room, travel abroad each year, and so on) has gone far beyond its literal meaning. Here we are talking about "middle class", statistical significance refers to those on household income of $ 30,000 to $ 60,000 or so individuals, or with an annual income of about $ 80,000 to $ 120,000 families (also due to geographical, there will alwaysThe difference). At present, the downward inflation and CPI-PPI downlink speed characteristics prompted us, Fundamentals of downstream industries face a relatively good. Analysis of consumer behavior changes in inflation down further pointed out to us, low-end move closer to the midrange and high-end spending increased. Then, in the end-consumer demand may contain the best fundamentals for some time to come. Based on theThis logic, we looked at convenient hotels, mid-range restaurants, wine, home-made wine and mid-range brand clothing, medicine, medical equipment, short-distance travel, thousands of smartphones, faces strong demand from industries such as online shopping and product. In the a-share markets, we proposed concern the following sectors: first, the food and beverage industry. Food and drink industry is the most on inflation-sensitiveOne of the industry. Inflation down, in particular meat and vegetables and other food prices stable, will reduce the cost of food processing enterprises, and jujube nuclear and chemical consumption trends will promote enterprise needs. Dairy industry are even more benefits from the consumption trend of the upgrade. Wine classes, inexpensive wine face growing demand, and homemade wines as a midrange meal and substitution of imported wine growingAll ages.　　There is also a hairy crab culture and wine culture promoting positive, might rise in alcohol consumption. Second is food tourism industry. The situation facing the industry has been in short supply, is typical of the inflation down to benefit industry. Tourism expenditure upgrade problems: diversification of consumer content, such as the increasingly popular cultural tourism; consumption frequency spectrumPropagation, weekend tours, Gao Tieyou, automobile travel, getting around small-scale tourism increase in single tourism consumption point of view swtor power leveling, there may also be improved. Restaurant and hotel is a business area of consumption-led, in the context of economic slump, reducing per capita consumption is inevitable. In the hotel industry, star hotel growth behind the convenient hotel. Convenient hotel offers comfortable and cleanAccommodation, to meet the basic needs, can be accepted by the business, business customers, and reduce costs. Thirdly, the textile and garment industry. In the field of fine elements, textile manufacturing industry in the middle is, the price of cotton and cloth price fluctuations can have a big impact; wearing home textiles is the downstream sector, strong demand is not sensitive to inflation down, industry boom will remain relatively high.Finally, light industry and chemical industry. Light industry covers a wider, both at the middle reaches of the packaging and printing industry, directly facing the jewellery of the final consumer, entertainment, furniture the old republic power leveling, wood and other sub-sectors. Among them, correlation of the tobacco industry and inflation the lowest, and even show some degree of negative correlation. In the course of future inflation down, tobacco industry's relative prosperity should be higher than for otherMost of the industry.　　Tobacco industry not listed company, but there are a number of companies main business is the tobacco industry with raw materials, they would be exposed to more abundant demand. Finally, there is the pharmaceutical industry. Pharmaceutical industry economy has maintained a relatively high level, including private specialized medical care and medical devices by the State policy to support, demand will increase remains high for a long time to comeSpeed. Available in inflation down excess return.　　In the pharmaceutical industry, stable of traditional Chinese medicine, medicinal materials price downward, is a typical passive prices down, inflation down will benefit. (The writer, orient securities analyst)

long term growth in its performance is to have some question or doubt. "Xu Haiying onThat

This week, the shocks in the market in a variety of bad, good news intertwined end of build.　　And an interview with the financial investment newspaper reporter three private equity says monetary policy shift has become inevitable, the a-share next year will have a large market, now a shares have fallen more, the greater the opportunities for the future. Zeng Jun kumjuns and investment: policy shift with large capital inflows next year stocks (eleven-seconds5) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! "The market is in a wait state, waiting for stronger policy shift. "Shenzhen kumjuns investment management limited and Zeng Jun, Chief Executive, told reporters that" in the short term, the market killed falling down the possibility of significantly hadVery small, is also being constructed at the bottom of the market. "Zeng Jun said that China monetary policy in face of multiple objectives such as growth, inflation and house prices, four-quarter GDP is likely lower than 8.5%, the slowdown as the biggest risk, and in November will also fall in inflation to below 5%, in October the national average, it was the first y/y drop, this meant that monetary policyShift has become inevitable. Specifically, first step is to monetary easing of monetary policy shift, marked by a 3 year Central ticket rates downward, from 1 year of central interest rate cut is confirmed, the future is likely to drop interest rate cuts. Into the second step is credit easing of monetary policy, lower interest rates to credit demand recovery, while October credit per cent from the additional or bank letterLine of credit increase.　　If credit increased by more than, the economy or from the bottom. Zeng Jun believed that appeared this week of evaluation standard of Jiangsu and Zhejiang agricultural loans 5 cut the deposit rate of 0.5% per cent of rural credit cooperatives in this situation, although these last year because of the high index was transferred, the individual cut, and will affect smaller, but the signal is greater than the actual significance,Broader policy adjustments in the future. In the operation, Zeng Jun told reporters: "Gjinzom now and are preparing for the next year. Due to the policy next year is a high probability of turning, so we are very optimistic about the market next year. At present, the largest consumer, new industry continues to be our key research section. "In the view of Zeng Jun, in fact, a wide concept of consumption,Including tourism, food (liquor, health care), and so on. Zeng Jun data displayed to journalists, vital goods such as food and beverage industry to achieve a revenue growth of more than 25%.　　By 2011 a-share-largest consumer sector in the third quarter sales revenue 1.8191 trillion yuan, an increase of 28.5%; $ 86.2 billion in net profit, an increase of 33.2%. "Liquor, Wine and leisure clothing, home textiles, jewellery, dairy products, such as decorative gardens, daily chemical and tourist industries profits increase more than 50% in 2011. These industries are in line with the general direction of consumer upgrade, after leading companies come to the fore in demand steadily release and industry concentration degree sustained growth driven by rising double.　　"Zeng Jun considers. ToIn the new industries, said Zeng Jun, this is the general direction of investments, which will come out a lot of dark horse. "Combining our operations policy is primarily filters out valuations, growth factors in accordance with the subject of, and layout in the fall, preparing for next year. "Xu Haiying Hong Kong assets: as always holds culture media and environmental protection unit" factors currently affecting the market is still veryMuch, but still hasn't changed the main factors, namely external State of uncertainty and monetary policy tightening. Therefore, cannot be too optimistic expectations of the market.　　"Shenzhen Hong Kong asset management company limited, Managing Director and Chief Investment Officer at Xu Haiying said in an interview with reporters. Xu Haiying believed that domestic policy remains directed easing, this means tightening policy wouldContinued for some time. Only when the CPI below 4%, official PMI fell to below 50 per GDP below 8%, policies can only be full Steering, and before that market expectations of stocks should not be too high. "The short term, the fine-tuning of policies, shocks to the market will continue to fall. However, investors still have the winter preparations, because below 2,300 pointsIs not likely. "" In fact, the current house prices have started to fall, decline in real estate investment growth for the future is clearly affecting the real economy. At the same time, real estate stocks is the leading sector, performance declines also weighed on the market will progress. Closely related financials and property stocks, long term growth in its performance is to have some question or doubt. "Xu Haiying onThat, in addition, the real estate financing problems, the underlying investments decline, decline in exports also have event of a negative impact on the a-share. Xu Haiying bluntly: "because there is less volatility in the direction of the Qing dynasty, Hong Kong investment strategy is focused on companies in operation, in particular, policies to support the company, such as the culture media and environmental protection unit. Among them,On media policy of support for maximum, maximum, and culture media in the a-share stocks are not much significant companies are just a few of the benefits, ordinary investors and institutions together hold cultural media unit. "As for the environmental protection unit, Xu Haiying believes that green shares despite quite a lot of references, but" Twelve-Five "planning framework for energy saving and environmental protection as a newHead of the industry, so is definitely policy in the future, such as green taxes, and so on. "Encourages the implementation of the policy is the key to comprehensively accomplishing environmental goals, expected maximum investment opportunities are still exhaust gas treatment device engineering sector's enterprises and sewage treatment project. Among them, thermal power plant deNOx electricity prices are expected to determine early next year, which will improve denitrification business chain industry, the industry is expected to occur and explosiveHair growth and development of reclaimed water is expected next year is expected to strengthen, good leading enterprises. "In terms of positions, Xu Haiying told reporters:" views on the market's more cautious, so the current positions of only about 30%. But if the market continues to fall, we aren't going to jiancang, but likely gallon. Gallon variety, that is, these two industries. "Huayin finishing treatment of assets Ding Yang: optimistic about nuclear power and General Aviation "no matter what the outer disc, should be bounced by a-shares. From a technical perspective the old republic power leveling, the current a-shares have been severely oversold, and basically fell this week. "Silver finishing treatment of Shenzhen China asset management Ltd said Ding Yang, Director of the Investment Committee, in the short term trend, Ding Yang believes that market on November 18There is a gap, short-term rebound the most optimistic see 2,440 points, end of the run time estimates to around the middle of next week, after which further down. "On the whole the current decline in bio-market is still at large in the channel, 2400-2500 rally only fell stage rally, however, had seen it on to the market's fall in prices should be the last one before the next year fell, but inDuring this time did not rule out the drop in stocks is bigger.　　"Ding Yang judgment. Current monetary policy shift the focus of concern in the market, Ding Yang believes that while domestic policies only directional adjustments, and for small and medium enterprises, but suppress the market factors have changed. For the markets, is clearly positive. "In fact, back in his policy is still fine-tuning the preconditioningUnder the King, rose is not necessarily all rely on credit, we believe that considering the market's first element is the price. The broader market after a year of adjustment, the current price is obviously low. The other hand, when the annual Chinese new year, banks will recover the money, is also in line with the overall downward trend on boundless, and shock. Expected in late December in money will bargain layout swtor power leveling, after all, every year aQuarter lending is more. "In terms of strategy, Ding Yang told reporters:" now Huayin fine governing positions are very light, direction of attention focused on expansion of small stocks. Sector, is a nuclear power, and general aviation. "For the markets is generally bullish about the consumer unit, Ding Yang said:" market or promising of general interest, we are generally not layout too much, unless there is aGood stocks. "Nuclear power unit, Ding Yang said:" Although nuclear power unit in the previous hit, but the future development of nuclear power could not. With 2012-May face nuclear power planning cycle, we believe that nuclear power regains approval boost from nuclear power sector valuations, while arguing on nuclear techniques will be addressed in the first half of next year, so now is the layoutGood time of the nuclear power sector. "Also, for general aviation," we expect the December policy introduced divided into low-altitude development of standards in the field, a-shares on the plane the whole machine, matching the key parts, helicopter, airborne, and General Aviation low-altitude open five areas there should be a certain degree of chance. "

2010 Henan province forest area of 3.705 million hectares

Xinhuanet, Zhengzhou, November 27 (reporter Li Peng)-reporter learned from the Department of forestry in Henan province, 2010 Henan has forests and wetlands absorb carbon dioxide than coal for industrial use of carbon dioxide emissions in the whole province of one-fourth. Under current remained critical emission reduction situation, Henan will vigorously develop forestry carbon sequestration to be eased. Said Wang Zhaoping, Director of the Office of forestry in Henan province, Henan provinceEmission reduction situation is grim, but huge forestry carbon sink capacity in the province will provide indirect provides an effective way to reduce emissions in the future. According to the Academy of forestry in Henan province United States number of forestry research institutions published the 2010 Henan province Forestry ecological benefits evaluation report the old republic power leveling, forest and wetlands absorb carbon dioxide in Henan province for the year 84.4653 million tons, equivalent to the province's coal for industrial use II27.3% of carbon dioxide emissions. This performance benefited from sustained growth in the province of forest resources, 2010 Henan province forest area of 3.705 million hectares, improve the ability of the province's economic and social development of the ecological carrying capacity. In view of this, will vigorously in the future development of Henan forestry carbon sinks, indirectly alleviate serious situation to reduce emissions. "Twelve-Five" period, the province afforestation 86.7Million hectares, forest tending transformation 1.067 million hectares, added carbon sequestration capacity of 7.23 million tons, when indirect emissions reduction effects of forest carbon sequestration will become more prominent. Wang Zhaoping disclosed that based on the successful pilot, Henan will gradually to promote ecological compensation mechanism of forest carbon sinks and across the province. In May this year swtor power leveling, implemented by the China National Tobacco Corp. donated $ 1.7 million of 113.3 hectares "green, carbon sink forest" project has been implemented at Puyang Nanle County official.

a researcher at industry researcher in March 2007

2011 2nd important notice (a) II King along the great wall domestic demand growth, equity-type Securities Investment Fund (hereinafter the "Fund") managed by the Fund in accordance with the People's Republic of China Securities Investment Fund Law (hereinafter referred to as the Fund Act), the law on measures for administration of securities investment funds (hereinafter referred to as the operational procedures), the securities investment fund salesSales management rules (hereinafter referred to as the way of marketing), the law on measures for the administration of information disclosure of securities investment funds (hereinafter referred to as the information disclosure procedures), the Invesco great wall domestic demand growth II of equity securities, investment funds Fund contracts (hereinafter referred to as "the Fund contract" or "contract of the Fund") and other relevant provisions raised and endorsed by the China Securities Regulatory Commission, August 20064th Securities Fund word "2006" approved raising, 175th, approval date of August 24, 2006.����The Fund contract come into effect on October 11, 2006. (B) guarantee the contents of prospectuses of fund managers it true the old republic power leveling, accurate and complete. The summary prepared pursuant to the Fund contracts and placement prospectuses, and approved by the China Securities Regulatory Commission, butThe China Securities Regulatory Commission on the approval of fund raising, does not indicate that the value of the Fund and income making substantive judgments or warranty doesn't mean that investment in this Fund without risk.����(C) investment risk, investors should read the prospectuses carefully when purchasing the Fund.����(D) the Fund's past performance is not predicting their future performance. (E) contract of the Fund isConvention Fund parties rights and obligations of legal documents. Fund investors Fund contracts make fund shares, shall become the holders of the fund shares and the parties to a contract of the Fund, their share of the holding fund acts themselves indicate its recognition of the Fund contract and acceptance, and in accordance with the Fund, the Fund contract and other related provisions of the law enjoy rights and obligations. Fund investmentChinese people to learn Fund share rights and obligations of the holder, should review in detail the Fund contract.����(F) Fund managers observe scrupulously, and careful diligence principles of honesty and credit management and the application of the Fund property, but does not guarantee that the investments of the Fund profits, nor does it guarantee a minimum income. (G) of the Fund and scenery along the great wall domestic demand growth open investment fundWith the investment objectives, investment philosophy, investment strategy and performance baseline, but on the investment operation of fully independent. Two more at its launch due to stock market environments, jiancang different factors such as timing, so King Shun the great wall domestic demand growth of the open securities investment funds past performance does not predict the future performance of the Fund. The open Fund and scenery along the great wall domestic demand growth stock investmentThe future performance of the Fund may differ. (VIII) the prospectuses have been Trustees of the Fund for review. Content contained in the prospectuses deadline is October 11, 2011, net value of the relevant financial data and performance deadline for applications is September 30, 2011.����This unaudited financial information in prospectuses. First, fund managers, FundPeople profile name: Invesco great wall Fund Management Ltd address: 1th Center road, Futian District, Shenzhen Kerry Plaza, Tower 21, the legal representative: Zhao Rubing approved number: Securities Commission funds [2003]76, date of establishment: June 12, 2003 Office address: 1th Center road, Futian District, ShenzhenKerry Square Tower 21, Tel: 0755-82370388 customer service phone: 4,008,888,606 fax: 0755-22381339 contact person: Yang ��yang second, the basic situation of Fund Manager Fund Manager-view along the great wall Fund Management Limited (hereinafter referred to as "company" or "The company ") is by the China Securities Regulatory Commission funds [2003]76, approved the establishment of securities investment fund management companies, by the great wall securities company limited, Invesco asset management limited, kailuan (Group) Co Ltd, Dalian shide Group jointly established and opened on June 9, 2003 approval from, the registered capital of 1.300 million Yuan, at present, the investment proportion, 49%, 1%, respectively. The company has set up two specialized agencies: a risk management committee and Investment Committee. Risk Management Committee is responsible for the company's overall operational risk control. Investment decision Committee responsible for the direction property of the operation of the Fund, to identify the basic principles of investment policy and portfolio�� Company consists of 7 departments, namely: the Ministry of investment, marketing, operations, human resources, financial administration and the legal supervision Department of audit, General Manager's Office. Investment Department consists of investment research department, fixed-income Department, management accounts department, international investment, 4 secondary sector; marketing consists of channel sales department, the Department of institutional clients, market services, the products opened4 secondary sector; operations department consists of Fund Affairs Department, Ministry of information technology, transaction management, 3 secondary Department. Responsibilities of various departments as follows: 1, investment Department 1) investment research department: investment principles established by the Committee responsible for investment decisions for investments of domestic stock selection and portfolio management and completion of macroeconomic, trade companies and market research.2) fixed-income Department: investment principles established by the Committee responsible for investment decisions for domestic bond selection and combination of investment management and complete fixed-income research.����3) management accounts department: responsible for completing a pair one or one-to-many specific customer asset management products, such as investment management. 4) Ministry of international investment: primarily responsible for QDII, QFII, international businessRelated funds, investment management, product design and international cooperation and training business.����Marketing Department 2, 1) channel sales department: responsible for the company's products in the various sales channels, such as banks, securities firms.����2) institutional clients Department: responsible for the development of institutional clients, and make it recognize and understand the company's Enterprise annuity, social security and other aspects of Fund products and services provided. 3)Market service department: responsible for the company's marketing strategy, planning, and customer service management, and so on.����4) product development department: responsible for the funds and other investment products in the design, development, approval, and so on.����3, the Department of operations 1) Fund Affairs Department: responsible for product registration, liquidation and valuation of the company accounts, and so on. 2) information technology department:Liability company computer equipment maintenance, system development and network operation and maintenance.����3) transaction management Department: responsible for the completion of orders issued by the Ministry of investment and risk control in advance. 4, the human resources department: responsible for various human resources management, including recruitment, pay and benefits, employee relations, performance management, training, practice qualification management, executives and baseJin qualification management, etc.����5, the Finance Administration Department: responsible for the company's financial management and day-to-day administrative management.����6, legal supervision and auditing Department: responsible for the management and operation of the Fund for compliance for all aspects of monitoring audit and company management and oversight bodies provide independent, objective, impartial legal supervision of audit reports. 7, the General Manager's Office: mainEntrusted by the General Manager, coordinating the work of various departments, and is responsible for the daily supervision, project management office order follow up and be responsible for risk assessment, control and management of the Fund.����The company has 125 employees, 80 of whom have a master's degree and above. Company has established a sound system of internal risk control system, internal audit, financial management systems,Personnel management system and information disclosure system and employee code of conduct and other company management system. Third, the main Officer 1, fund managers and the Board Member Mr Zhao Rubing, President, Wuhan University of hydraulic and electric (Wuhan University) BS in Department of power, Liaoning University Master's degree in economics. Former Director of the gezhouba hydropower plant, researcher-level senior engineerArchitect, gezhouba-Shanghai ultra HVDC gezhouba dam station, Secretary, Director of the Foreign Affairs Office Director of the Office of the gezhouba hydropower plant, Huaneng Southern development company Secretary and General Manager, Deputy General Manager of Huaneng real estate development company, General Manager of residential real estate development company, and Secretary, great wall securities limited liability company director and Deputy Chairman, Deputy Secretary of party Committee Chairman. 2009, joining the company, the current Chairman. Mr Andrew Lo, Director, graduated from United States Babson College, a Bachelor and master of Business Administration degree. Current King Shun Asia Pacific Chief Executive. Former Chase Manhattan Bank, Citibank Vice President, investment management, credit analyst, Director of CapitalHouse Asia Branch General Manager�� Between 1992-1996 and member of the Management Committee of the Hong Kong investment funds Association, and served as President of the society in 1996-1997.����1997-2000, as members of the Commission on the stock exchange of Hong Kong, and between 1997-2001 as members of the Hong Kong Securities and Futures Commission Advisory Board. Mr Ping Yang, Director of international studies at Beijing University mBA degree. Successive Beijing international trust and Investment Corporation, Chief of foreign exchange traders, Canada funds of Bank of Montreal Beijing Branch systems and marketing Senior Manager, Department of the people's insurance company investment investment Director, Chinese asset management limited banks/foreign exchange operations, Vice President, China people's insurance (Hong Kong), great wall securities, investment Department General Manager responsibilitiesAssistant President of the company, currently Deputy General Manager of the great wall securities company limited. Mr Xu Yiming, Director, General Manager, Hong Kong University Social Sciences Bachelor and master of science in financial engineering, City University of Hong Kong. Has worked at the former United States Chase Bank Hong Kong, Taiwan and London branches, Treasury Department, HSBC head office China global marketing; previously served as Taiwan Jing Shun stock investmentsTrust company limited Director and General Manager, King Shun asset management Hong Kong Limited China Business Development Director, and other job.����Joined the company in 2009, the incumbent Director and General Manager of the company. Mr Li Xiao XI, independent Director, currently Deputy Director of the academic Committee of school of Beijing Normal University, Academy of Economics and resource management, Professor and doctoral supervisor; in Chinese societyGraduate School of the Academy of Sciences Professor and doctoral supervisor; the Ministry of education and social sciences convenor of the Economics Department of the Commission.����Former State Council Research Office of macroeconomic research Secretary. Mr Wu Tongming, independent Director, University of Hong Kong honours (graduation in 1972), Member of the Hong Kong society of Accountants (HKICPA), the United Kingdom Chartered Certified Accountants (ACCA), practising in Hong KongCertified public accountant (CPA), Canada recognized management accountant (CMA). Now the "Wu Tongming accounting firm" owner.����With more than 20 years experience in accounting, auditing, professional experience and knowledge of administering tax, 1972-1977 trained at the renowned accountancy "KPMG" [KPMG]. Mr Jin Qingjun, independent directors, 1982 graduated from foreign language Department of Anhui University English majors, Bachelor, 1987 graduated from China University, an LLM in international law. Partner at law firm serving Kindu. Foreign Allied former CITIC law firm lawyers in Hong Kong solicitors, United Kingdom law firm C1yde&Co. Working as a solicitor, was launched in 1993 to set upXin da law firm, served as managing partner. Supervisory Board member Dr HUANG Haizhou 2, fund managers, supervisors, master, graduated from Wuhan University. Current Deputy General Manager of the great wall securities company limited, formerly Shenzhen Jiangnan new investments, Deputy General Manager, supervisor of the great wall securities company limited, China Merchants Bank company limited human resource managers and projectManagement Manager. Ms Guo Huina, a supervisor, United Kingdom Bachelor's degree in accounting and computer science at the University of Manchester, the London School of Economics master of science in management degree. Former London Auditors Ernst, successive King Shun management project manager, Deputy Manager of business development, business development manager, monitor the Director of Asia Pacific, currently Invesco investmentAsset management Asia-Pacific Chief Executive Officer. Ms Shao Yuanyuan, a supervisor, 1999 graduate of Anhui Institute of Department of accountancy, master of Science degree. Served as King Shun the great wall fund management, Operations Director of Ministry funds.����Has served in a Shenzhen Tianjian (Sindhi) certified public accountants, Fujian Industrial Bank Shenzhen branch, Ministry of planning, finance. 3Mr Wu Jianjun, other senior managers, Deputy General Manager, Head Office of the people's bank financial Institute master's degree in economics. Formerly a Hainan Huitong international trust and investment company securities Deputy Manager, the great wall securities limited liability company Agency Management Department General Manager, Assistant President of the company.����In 2003, joining the company, currently Deputy General Manager of the company. Cai Baomei ladies, Deputy General Manager, BritishGuo Kelan non-Cranfield University Master's degree in business studies. Former mogenfulinming investment trust company limited, research fellow, Department of Chinese securities investment trust company limited HSBC Investment Management Fund Manager and Deputy General Manager, Hong Kong Yongjin asset management, investment managers, and other job.����In 2008, joining the company, currently Deputy General Manager of the company. �У�������ӣ����IU (Liu Song), Deputy General Manager, United Kingdom master of business administration, University of Oxford. Has served in Hong Kong Hong Kong, Shanghai, Reuters Reuters Reuters London limited and Rothschild son limited; joined King Shun Investment Management Ltd of Hong Kong in 2006, serving as King Shun greater authority the post of Director of Business Development Department subsequently was sent to Hong Kong Jing shun theBeijing Representative Office, serving as Chief Representative.����In 2009, joining the company, currently Deputy General Manager of the company. Mr Liu Huanxi, Deputy General Manager, Dr Department of Huazhong agricultural University College of economy and trade investment and finance. Former teachers working at Deputy Section Chief, Wuhan University, Wuhan University School of adult education Lecturer, the securities times editors and reporters, the great wall Securities Research Center researcher and President of Vice, Executive Vice President.����In 2003, joining the company, currently Deputy General Manager of the company. 4, Inspector Mr Huang Weiming, Inspector General, the Chinese people's University Master's degree in law. Former Director of the national market trade and industry Secretary staff member, Assistant to the President of guotai Junan securities company and General Manager of human resources department, the China Securities Regulatory Commission futures Department, non-listed public companies such as Principal Staff Member,Deputy Director and Director.����In 2010, joining the company, currently Inspector General company. 5, the Fund Manager resumes the company used was investment, that is, through the joint efforts of all staff investment sector, fighting for the good investment performance. Appointment of Fund Manager of the Fund are as follows: Mr Wang Penghui, Huazhong University Bachelor 's, master's degree in economics. Has firstServed as city rural commercial bank funds after bond trader, great wall Securities Research Department of the Ministry, rongtong fund the Research Planning Department, a researcher at industry researcher in March 2007, joining the company.����With 10 years of experience in securities, the fund industry. Mr Peng Yang, Peking University, Bachelor of Economics, Shanghai University of finance and a master degree in economics. Has served in a rongtong fund the research and Planning Division,Macro-researcher, bond served as researcher and the International Monetary Fund Assistant Fund Manager duties in March 2008, joined the company.����With 7 years of experience in securities, the fund industry.����6, the current manager of the Fund Management Fund and the administrative time is. 7, the current Fund of funds Manager serves as other fund managers of the Fund current baseJin Wang Penghui, Mr Peng Yang concurrently Ren Jingshun great wall open securities investment funds, Invesco great wall domestic demand growth and small-cap equity portfolio investment fund managers. 8, the Fund by successive managers name and investment decision making in management time 9, list of members of the company's investment policy Committee by the General Manager of the company's General Manager, in charge of investment, Investment Director, investment research department, Research Director, fixed income and investment Director, the Department of special account for financing investment Director, head of the Ministry of international investment, and other components. Name and title of corporate investment decisions of the Committee members are as follows: Mr Xu Yiming, General Manager Cai Baomei woman Vice President in charge of investments; Mr Wang Penghui, investment Director; Mr Tang salty-German, Research Director of investment research; MenglinLuo (Luo Menglin), fixed-income Chief Investment Officer of the Department; Mr Dai Chunping, household finance and investment Director; Ms Chen Aiping, international investments, head.����10, such persons do not exist between close relatives. Second, Fund custodians, Fund custodians case 1,Name: Agricultural Bank of China company limited (referred to as ABC) residence:, Dongcheng District, Beijing Jian Guo men NEI Street, 69th Office address: Street, Xicheng District, Fu XING men NEI Street, Beijing triumphant early morning, 28th legal representative floor of the World Trade Center: Xiang Junbo established: January 15, 2009, registered capital: 32,479,411. 70,000 yuan duration: continuing operations Tel: 010-63201510 fax: 010-63201816 contact person: Li Fang-Philippine agricultural Bank of China Limited is an important component of China's financial system, the head office is located in Beijing. Approved by the State Council, the agricultural Bank of China overall system reformAgricultural Bank of China company limited was established on January 15, 2009 and according to law. Inheritance primary agricultural Bank of China Agricultural Bank of China company limited all assets, liabilities, businesses, institutions branches and staff. ABC network all over China's urban and rural areas, becoming the network up, the most extensive range of radiation, the most extensive areas of service, service objects up to businessComplete one of the largest state-owned commercial banks. Overseas, the agricultural Bank of China also won a good reputation through their efforts, each year among the Fortune Global 500 companies list. As a large, urban and rural areas simultaneously, Unicom international, fully functional State-owned commercial bank, agricultural Bank of China has always been adhering to customer-centric business philosophy, adhere to a prudent management, Sustainable development, based on the counties and the cities two major market, the implementation of differentiated competition strategies, focus on creating "with you" service brand, relying on branches covering the whole country, extensive electronic network and a wide range of financial products, financial services is committed to providing our customers with quality, create value, and grow together with customers. Agricultural Bank of China is China's firstCustody business of domestic commercial bank, experienced, service quality, outstanding performance, 2004 United Kingdom named China's the global custodian "best managed banks". 2007 Agricultural Bank of China passed the United States SAS70 audit of internal control, SAS70 audit reports and obtain an unqualified opinion, had demonstrated an independent and impartial third party to China agriculture BankManaged services operations risk management, internal control and improve the effectiveness of the process of fully certified. Agricultural Bank of China on reinforcing capacity-building, further enhance brand reputation, in 2010, the first "' gold finance ' TOP10 award ceremony" outstanding, "the best managed Bank" award. 2010 won the magazine issued by the Chief Financial Officer "Best asset custody Award ". Agricultural Bank of China Securities Investment Fund managed by the China Securities Regulatory Commission in May 1998 and the people's Bank of China was founded in September 2004, changed its name for the managed services Division, Bureau of pensions administration centres, technical support, operations center, delegate asset custody Department, the Office of insurance assets managed, managed service, the foreign assets of securities investment funds supportingAdministration, general management, risk management, with advanced security facilities and Fund custody business system. 2, the main 130 employees in the personnel Department of agricultural Bank of China Trust business, senior accountant, Senior Economist, senior engineers, lawyers and other experts, more than 10 employees, high levels of professional services team members, professional quality, and service capabilitiesStrong, senior management has more than 20 years of financial experience and senior technical titles, proficient in operation of the securities market at home and abroad. 3, managed the business operations of the Fund as of October 11, 2011, the agricultural Bank of China and closed-end investment funds managed by the open securities investment funds total of 109, II, including King along the great wall domestic demand growth equity, Wells Fargo tianyuan securities investment fund balanced hybrid securities, investment funds, the steady growth of the Chinese hybrid securities, investment funds, active growth equity investment funds, leading to jingyang equity securities investment fund, innovation, growth of hybrid securities investment fund, long Cheng Tongde theme growth equity investment fund, Yu Yang, Han-sheng of securities investment funds securities investmentSecurities Investment Fund, Yulong Fund, King Fuk, Hong Yang securities investment funds, securities investment funds and securities investment fund jiujia securities investment fund, at HK $ changsheng growing value of securities investment funds, Bauhinia hongli proceeds value growth of securities investment funds, securities investment funds, Dacheng bond investment fund, Galaxy, Galaxy sound investment funds yielding securities investment funds,Long Cheng Zhong all bond index-enhanced bond investment fund, changxin interest income open-ended investment funds, changsheng dynamic selection of securities investment funds, open-end securities investment funds Invesco great wall domestic demand growth, enhanced income securities investment funds, Dacheng selected value-added mixed type selection of securities investment fund, long yinli strength of the open securities investment funds, rich Tin ShuiFeatured hybrid securities, investment funds, Peng Hua securities investment funds in the money market, sea in dividends, Cathay increased profits hybrid securities investment fund money market securities, investment funds, Xinhua preferred dividends hybrid securities, investment funds, Bank of Teda Manulife Schroeder featured stock securities investment funds, money market funds, the Bank of Chancellor Gerhard Schroeder, the Invesco great wall money market investment funds resourcesMonopoly stock securities investment funds, into the CSI 300 index securities investment fund, fidelity red hybrid securities investment funds in the different seasons, rich day money market fund, Franklin sea elastic market value of equity securities investment funds, yimin return on money market funds, the mind of the great wall hybrid securities investment funds, the China Post core preferred equity securities investment funds, Bank SchrodersGrowth equity investment fund, long Cheng Zhong 100 index securities investment fund, Teda Manulife preferred corporate equity securities investment funds, Soochow value growth double power stock securities investment funds, penghua motivity growth mixed type of securities investment funds, Bauhinia strategic growth stocks, Cathay Pacific Taurus innovation growth of securities investment fund equity portfolio investment fund, yimin innovationPotential hybrid securities, investment funds, the China Post core growth stock securities investment funds, the Huaxia Bank equity securities investment fund dividend flexible configuration,, Wells Fargo hybrid securities investment fund, long double benefit optimization of flexible configuration hybrid securities, investment funds, Franklin State seas deepen the value of equity securities competitive advantages of investment funds, Shen Wan Paris stock securities investment fund, newOptimization growth China equity investment funds, flexible configuration than combined growth of Jin power hybrid securities, investment funds, day treatment healthy win-win-bond securities investment funds, blue chips in flexible configurations, hybrid securities investment fund, long letters lifeng bond securities investment funds, KBC of Jin Fengli bond securities investment funds, Exchange silver Schroeder pioneer equity-type securities investment funds, Soochow UniversityProgressive policy flexible configuration of blended open-end securities investment funds, Jianxin gains enhanced bond securities investment funds, Yinhua selection of domestic demand equity securities investment Fund (LOF), Dacheng industry round stock securities investment funds, Bank Schroders Shanghai 180 corporate governance transactional open-end Fund SSE 180 index securities investment fund joins corporate governance transaction typeSea-and-drop index securities investment fund, Franklin country CSI 300 index enhanced securities investment funds, in the Southern 500 index Securities Investment Fund (LOF), Invesco great wall energy infrastructure equity securities investment funds, the China Post core advantages of flexible configuration hybrid securities, investment funds, ICBC Credit Suisse and small-cap growth equity portfolio investment funds, dongwu money market securities, Boshi venture growth equity investment fund of securities investment funds, investment credit Tim Lee consumption of bond investment funds, e up, Wells Fargo huili industry equity securities investment fund securities investment grade bond fund, Dacheng King Fung securities investment grade bond fund fo the CSI 300 index enhanced Securities Investment Fund (LOF), yinruixin Shenzhen Stock Exchange dividend tradingOpen-ended index securities investment fund, yinruixin dividend trading exchange-index securities investment fund joins convertible bond fund, the Wells Fargo securities investment funds, Dacheng grow 40 transactional open index securities investment fund, to grow 40 transactional open index securities investment fund joins leading Teda Manulife funds, and small-cap equity portfolio investmentFunds, bank credit added Schroeder East wuzhong Lee bond investment funds, stock exchange new index securities investment fund, ICBC Credit Suisse income securities investment funds in the different seasons, cm Angel spirit bond securities investment funds, China universal social responsibility stock securities investment funds, ICBC Credit Suisse consumer services stock securities investment funds, e gold theme securities investmentFund (LOF), China post and small-cap flexible configuration hybrid securities, investment funds, zheshang poly tide-industry growth stock securities investment funds, harvest-leading growth stock securities investment funds, guangfa junior 300 transactions open index securities investment fund, guangfa joins junior 300 transactions open index securities investment fund capital preservation fund, the South hybrid securitiesInvestment funds and Bank Schroders advanced manufacturing on equity securities investment funds, international emerging dynamic equity-type securities investment fund, Franklin Sea strategy returns a flexible configuration hybrid securities, investment funds and hybrid securities, investment funds, than warranty of Jin merchants ANDA capital preservation hybrid securities, investment funds, BOCOM Schroeder 300 value transaction exchange-index securitiesInvestment Fund, the South China securities investment and small-cap Stock Index Fund (LOF), BOCOM Schroeder szse 300 index value join Fund trade exchange-index securities investment fund. Second, the Trustees of the Fund 1 of the internal control system, internal control objectives for strict compliance with national laws and regulations relating to custody business, industry regulations and Internal Policies and Regulations, Law-abiding business, standardizing operation, strict monitoring, ensure robust operation of the business, guaranteed funds security integrity of the property to ensure that the information true, accurate, complete, timely, protect the legitimate rights and interests of the Fund share holders. 2 organizational structure, internal control risk Committee is directly responsible for ABC's risk management and internal control management and internal control swtor power leveling,Managed business risk control to inspect and guide the work.����Managed business unit has been specially set up risk management Department, equipped with a dedicated internal control supervisor is responsible for the internal supervision of the custody business, with the independent exercise of supervision and audit of functions and capabilities. 3, internal control systems and measures system, complete system control system, the establishment of a management system, control system, KongResponsibilities, business process, you can ensure the custody business of standardized operation and smooth; business personnel with qualifications; business system of management instituted stringent reviews and audits, checks, authorized centralized control, seal by business practice for storage, keeping, use, account information in strict custody restriction mechanism strictly valid; business operating area specific settings, closure management, The implementation of audio-video monitors; business information by persons responsible for full disclosure, prevent leaks, and automate business operations, prevent human accidents from happening, system integrity, independence. Third, the Trustees to oversee operation Fund Manager Fund custodians of methods and procedures through the parameter setup, the law on measures for the operation of the Fund, the Fund contract, managed the agreementInvestment ratio and ban of the import investment monitoring system, daily log monitoring and control system monitoring the investment operation of fund managers and fund accounts, investment fund managers directive supervision and other behaviors of fund managers. When the exception occurred when the Fund transactions, Fund custodians should be targeted for different treatment in the following way: 1, telephoneAs shown in. Issues in the media and public opinion reflected set, call prompted fund managers; 2, a written warning. On the investments of the Fund closer to issues such as excessive, inadequate capital positions, in writing, to prompt the Fund Manager, 3, the written report. Exceeding overdraft, settlement funds and other investment transactions on suspected irregularities such as behaviors, writing prompts about FundAnd the China Securities Regulatory Commission. 1, the law on the rights of the four, Fund custodians and custody of Fund property; 2, access to fund custodian fee; 3, oversight of the Fund's investment operations; 4 monitor Fund Manager, if any breach of contract or the relevant laws and regulations of the Fund of fund managers provided, should be reported to the China Securities Regulatory Commission and other regulators, and miningTake the necessary measures to protect the interests of fund investors; 5, replacing fund management person, nomination of a new Fund Manager, 6, the proposed Fund share holders general meeting; 7, legal, regulatory, and other rights stipulated in the contract of the Fund. Five, the obligations of the Trustees of the Fund 1, compliance with the Fund contract; 2, and diligent responsible of honesty and credit principleFull custody of Fund property; 3, dedicated Fund custodian departments, meet the requirements of the business premises, equipped with sufficient, qualified professionals familiar with Fund custody business, responsible for property funds managed; 4, except pursuant to the Fund law, operational procedures, Fund and other relevant provisions of the contract, may not delegate others to trust property; 5Review, review, calculation of the net asset value of Fund and Fund of fund managers share NET; 6, establish and improve internal risk control, monitoring and audit, financial management and personnel management system, ensure the safety of property of the Fund, ensuring his managed fund assets and fund managed own assets as well as a variety of Fund property independent of each other; Fund account are set to different living aloneState accounting, fenzhang management, guaranteed between different funds in the account settings, funds transfer, account books recording for independent; 7, custody by fund managers on behalf of the Fund signed important contracts and related documents relating to the Fund; 8, establishment of a securities account, bank account deposit account funds, such as property, responsible for the liquidation of the Fund invested in securities delivery, implementation FundInvestment instructions of the person, responsible for the funds between fund name; 9, conservative fund trade secrets, with the exception of the Fund law, the operating procedures, the Fund contract and other related provisions of the other provisions, information be kept confidential before public disclosure of the Fund shall not be leaked to others; 10, in accordance with the regulations issued by the fund performance and report on funds managed, and reported to the China Securities Regulatory Commission and theChina Banking Regulatory Commission, 11, to take appropriate and reasonable measures so that matters such as the subscription, purchase, redemption of fund shares conform to the stipulations of relevant legal documents such as contracts; 12, taking appropriate and reasonable measures to enable fund managers to calculate Fund share price of the subscription, purchase, redemption and cancellation methods conform to the stipulations of contracts and other legal documents; 13, to take appropriate and reasonable measures to fund investment and financing conform to the stipulations of contracts and other legal documents; 14, periodic reports issued by the Fund within the Fund trustee, in all material aspects of the operation of the fund managers are in strict accordance with the provisions of the Fund contract; if the Fund Manager does not perform the funds stipulated in the contract, should the Fund supportManaging people whether or not to take the appropriate measures; 15, according to the relevant provisions, save the accounting books, reports, and records of the Fund, Fund share holders register at least 15 years; 16, in accordance with the regulations and production related books and check with the fund managers, 17, according to the payment of the relevant provisions of the directive or Fund Management Fund share holders earnings and redemption payments;18 participate in Fund liquidation group, involved in Fund custody, clearing, valuation of property, liquidation and distribution, 19, face revocation, bankruptcy or dissolution, according to law when it took over its assets by the receiver, timely reporting of China Securities Regulatory Commission and the China Banking Regulatory Commission, and notify the Fund Manager, 20, the Fund due to violation of the Fund contract and property losses, liability,Violation of the contractual liability of the Fund does not exempt because of its retiring, 21, the Fund Manager Fund when property damage caused by violation of the Fund contract, Trustees of the Fund should be for the Fund to the fund managers recover; 22, does not engage in any activities detrimental to the interests of the Fund and the Fund with other parties; 23 monitor investment fund management operations, 24, convened in accordance with the provisionsFund share holders or with Fund share holders general meeting of the General Assembly, 25, the implementation of Fund share holders of the entry into force of the General Assembly in its resolution; 26, shall not use the Fund of property for their own and third party interests, 27, the laws and regulations and other obligations under the contract of the Fund. Third, the relevant services, the fund shares for sale institutions 1,PIN name: Invesco great wall Fund Management Ltd address: 1th Center road, Futian District, Shenzhen Kerry Plaza, Tower 21, the legal representative: Zhao Rubing approved number: Securities Commission funds [2003]76 Tel: 0755-82370388-1661 fax: 0755-22381325 contact: Lijuan Yan 2, a distribution agent (1) Agricultural Bank of China Limited registered address: Jian Guo men NEI Street, Dongcheng District, Beijing, 69th Office address: fuxingmen NEI Street, Xicheng District Beijing triumphant early morning F9 floor of the World Trade Center, 28th legal representative: Xiang Junbo customer service telephone: 95,599 website���������� �������ᣮ Com (2) industrial and commercial bank registered (Office) address: main street, Xicheng District, Beijing Fuxing gate in the 55th, the legal representative: Jiang Jianqing customer service telephone: 95,588 (nationwide) Web site: www. ����㣮 ���? CN (3) the Bank of China sharesLimited company registration (Office) address: Beijing, Xicheng District, Fu XING men NEI Street, 1th, the legal representative: Mr Xiao customer service telephone: 95,566 (nationwide) Web site: www. ���㣮 CN (4), China Construction Bank Corporation registration (Office) address: Beijing, financial Street, Xicheng District, legal representatives, 25th:Guo Shuqing customer service telephone: 95,533 website: www. ���⣮ Com (5), China Merchants Bank company limited registered (Office) address: shennan road, Futian District, Shenzhen, No. 7088 legal representative: Dr. Fu yuning contact: Deng Jiong Peng customer service telephone: 95,555 website: www. ��������ᣮ Com (6), Shanghai Pudong Development Bank Co Ltd address: No. 500 South Pudong road, Pudong, Shanghai office address: Zhong Shan Dong Yi Road, Shanghai, legal representative, 12th: Ji Xiaohui contact: Ni Suyun, Yu Guyun phone: (021) fax: (021)63,604,199 customer service hotline: 95,528 website: www. ����⣮ ���? CN (7), China Minsheng Bank register (Office) address: Xicheng, legal representative, Fu XING men NEI Street, 2nd: Dong Wenbiao contacts: Dong Yunwei Tel: 010-58560,666 fax: 010-57092611-customer service hotline: 95,568 website: www. ����㣮 ���? CN (8) traffic Bank House (Office) address: Silver City Road, Pudong, Shanghai, 188th legal representative: Hu Huaibang contact: Cao Rong phone: 021-58781234 fax: 021-58408483-customer service telephone: 95,559 website: www. ��������? Com (9), China Everbright Bank Limited registered address: fuxingmen outer Street, Xicheng District, Beijing guangda building, 6th Office address: Xicheng District25th Taipingqiao Street, block a legal representative: Wang Mingquan customer service telephone: 95,595 (nationwide) Web site: www. �������룮 Com (10), Huaxia Bank register (Office) address: Jian Guo men NEI Street, Dongcheng District, Beijing, legal representative, 22nd: Wu Jian contact: Ma XuTel: 010-85238425-customer service telephone: 95,577 company Web site: www. ���⣮ ���? CN (11) GF Bank registered (Office) address: Dongfeng Dong Lu, yuexiu district, Guangzhou City, No. 713 of legal representative: Li Ruohong service hotline: 40,083,08003 Web site: www. ���⣮ ���? CN (12) of Shenzhen Development Bank limited registration (Office) address: Shenzhen shennan East Road, Shenzhen Development Bank building, No. 5047 legal representative: xiaosuining contact: Jiang Dan Tel: 0755-82088888 fax: 0755-25,841,098 service Tel: 95,501 Web site: www. ���⣮ ���? CN (13) CITIC Bank register (Office) address: Chaoyang North chaoyangmen Street, Dongcheng District, Beijing, 8th c legal representative, fuhua mansion: Kong Dan Tel: 010-65541585 fax: 010-65541230 customer service telephone: 95,558 website: www. ����룮 �������㣮 Com (14), ping an Bank limited registration (Office) address: Shenzhen shennan road 1099th legal representative: Sun to build a contact: Cai Yuzhou Tel: 0755-2219,787,425,879,591 fax: 0755-22197701 Tel: 40066-99999 Web address: http://Bank. ������ Com (15) the Beijing Bank Limited registered address: Beijing financial Street, Xicheng District, 17th floor OfficeAddress: Beijing, financial Street, Xicheng District, 17th c legal representative: Yan Bing bamboo contacts: Wang Xi Tel: 010-66223584 fax: 010-66226045-customer service telephone: 010-95526 website: www. �������������磮 ���? ������16) Bank Limited registered in the Bohai Sea (Office) address: machang road, Hexi District, Tianjin, 201-205 legal representative: Liu Baofeng contact person: Wang Hong Tel: 022-58316666 fax: 022-58316259-customer service hotline: 400-888-8811 NETSite: www. ����⣮ ���? CN (17) zheshang Bank register (Office) address: No. 288 Qingchun road, Hangzhou, China, the legal representative: Mr CHEUNG Ocean Tel: 0571-87659546 fax: 0571-87659188 contact: true sea customer service hotline: 95,527 Bank website: www. ������룮 Com (18) Bank registered in Wenzhou (Office) address: 1th floor, Station Road, Wenzhou huahai Plaza legal representative: Xia Ruizhou customer service telephone: 0577-96699 website: www. �������룮 ��������9) great wall securities company limited (Office) address: shennan road, Futian District, Shenzhen, No. 6008 SAR press Tower 14, 16, 17, of legal representative: Patrick Wong contact: Li chunfang Tel: 0755-83516089 fax: 0755-83515567 customer service hotline: 0755-33680000, website: www. ������ Com (20) registered China Galaxy securities company limited (Office) address: Beijing financial Street, Xicheng District, 35th international enterprises, building c, the legal representative: Gu Weiguo contact: Tian Wei phone: 010-66568,430 fax: 010-66568536 customer service Tel: 4008-888-8888 Web site: www. �����������룮 ���? CN (21) registered haitong securities company limited (Office) address: Huai Hai Zhong Road, Shanghai, 98th legal representative: Wang KaiguoContact: Jin Yun, Li Xiaoming, Tel: 021-23219000 fax: 021-23219100 Tel: 95,553 website: www. ������㣮 Com (22), CITIC building investment securities limited liability company (Office) address: Anli Road, Chaoyang District, Beijing, 66th floorLegal representative: Zhang Youjun contact: Xu Meng Park Tel: (010) fax: (010) customer service telephone: 4,008,888,108 website: www. ���㣱������ Com (23) registered with shenyin wanguo securities company limited (Office) address: The 171th changshou road, Shanghai, the legal representative: Ding Guorong contact: Cao ye Tel: 021-54033888 fax: 021-54038844-customer service telephone: 021-962505 website: www. �����磮 Com (24) capital securities limited liability company registration(Office) address: dongzhimen nandajie, Dongcheng District, Beijing guohua investment building, 9th floor, 3rd legal representative: zhe contact: Huang Tel: 010-84183333 fax: 010-84183311-3389 Tel: 400-818-8118 Web site: www. ��������� Com (25) registered Everbright securities company limited (Office) address: Shanghai Jingan Xinzha road, 1508th legal representatives: Xu Haoming contact: Liu Chen, and Li w w phone: 021-22169999 fax: 021-22169134 customer service phone: 4,008,888788, website: www. ����� Com (26) Warburg securities limited liability company (Office) address: 166th Lujiazui ring road, Pudong, Shanghai future asset building, 23 floors of legal representative: Chen Lin, contact: Chen Kangfei Tel: 021-50122222Fax: 021-50122200-customer service telephone: 4,008,209,898 website: www. ����������룮 Com (27) love built securities limited liability company (Office) address: Shanghai West Nanjing Road, 23/f, No. 758 of legal representative: Zhang Jianhua contact: Chen minTel: 021-32229888-3121 fax: 021-62878783 Tel: 021-63340678 Web site: www. ����� Com (28) registered Xinda securities company limited (Office) address: main street, Xicheng District, Beijing city, 1th, floor, 9th methodRepresentative: Gao Guanjiang contact: Jing Tang Tel: 010-88656100 fax: 010-63080978 Tel: 400-800-8899 Web site: www. �������㣮 Com (29) TX investment consulting limited registered address: Xicheng District financeFukai building b, 701, 19th Street address: Financial Street, Xicheng District, Beijing, new Shing Building, 4 floor, block b, 5th legal representatives: Lin Yi-contact person: Lin Shuang Tel: 010-66045566 fax: 010-66045500 Tel: 010-66045678 Web site: www.������㣮 Com (30) founder securities registration company limited (Office) address: Furong road in Changsha city, Hunan province overseas Chinese international building 22-24 of the second layer of legal representative: Lei Jie contact: Shao Yanxia Tel: 0731-85832507 fax: 0731-85832214 customer service hotThread: 95,571 website: www. ����������㣮 Com (31), ping an securities limited liability company registered (Office) address: jintian road, Futian District, Shenzhen, Guangdong, great China International Exchange Square, 8 legal representative: Yang Yuxiang contact: Zheng Shuli Tel: 0755-22626391 fax: 0755-82400862 customer service telephone: 4,008,816,168 website: www. ������ Com (32) registered guangfa securities company limited (Office) address: Guangzhou Tianhe district, Tian He bei road, floor, Metropolitan square, 183-187 (room 4301-4316) statutoryRepresentatives: Lin Zhihai contact person: Huang Lan Tel: 020-87555888 fax: 020-87555305-customer service telephone: 95,575 website: www. ��森 ���? CN (33) registered Hongyuan securities company limited (Office) address: Xinjiang Urumqi wenyi road 23Legal representative, 3rd: Feng Rong customer service hotline: 400-800-0562 contact person: Li Wei phone: 010-88085858 fax: 010-88085195 website: www. �����㣮 Com (34) registered sinolink securities company limited (Office) address: ChengduEast Street, 95th in legal representative: Ran Yun contacts: Gold zhe Tel: 028-86690126-customer service telephone: 4,006,600,109 website: www. ����� ���? CN (35), Bank of China International Securities limited liability company (Office) address: Pudong, Shanghai, Silver CitySilver building road No. 200, 39 legal representatives: Xu Gang contacts: Zhang Jing Tel: 021-68604866-cent customer service telephone: 4,006,208,888 (36) aircraft registered securities limited (Office) address: fuhe River No. 291 North Road, Nanchang, Jiangxi legal representative: du airContact person: Yu Yana customer service telephone: 400-8866-567 company URL: www. ��������㣮 Com (37) Hua securities limited liability company registered (Office) address: 157th Wusi Road, Xintiandi building, 7, 8 legal representatives: Huang Jinlin contact person: HuangWords: 0591-87383623 fax: 0591-87383610-customer service telephone: 96,326 (in Fujian province, invited the dial 0591) Web site: www. ����� ���? CN (38), CITIC Securities Company Limited registered address: Shenzhen, China Merchants Bank building, shennanlu No. 7088Office address: Xinyuan Nan road, Chaoyang District, Beijing, capital mansion, 6th legal representative: Wang Dongming contact: Chen Zhong Tel: 010-84588888 fax: 010-84865560 Tel: 010-84588888 Web site: www. ��� �������㣮 ����(39) country Yuan securities limited liability company registered (Office) address: tho Xuan road, Hefei, Anhui Province, the legal representatives, 179th: FUNG Leung Chi-contact: Cheng Weike suit telephone: nationwide unified hotline 95578,4008888777, 96,888 telephone hotline in the Anhui Province: 0551-2246273True: 0551-2272100 website: www. ����� ���? CN (40), Bank of China building investment securities limited liability company (Office) address: junction of yitian road, Futian District, Shenzhen City and Fu Road, Rong Chao Business Center building, 18th floor to 21 storeys of legal representative: Yang Ming-hui contact: Liu Yi linksTel: 0755-82023442 fax: 0755-82026539 Tel: 4,006,008,008 Web site: www. ����� CN (41) registered Changjiang securities company limited (Office) address: Xinhua road, Wuhan Changjiang securities building, 8th legal representative: Hu YunzhaoContact person: Li Liang Tel: 027-65799999 fax: 027-85481900-customer service telephone: 95,579 or 4008-888-999 Web site: www. 95,579. Com (42), China international capital corporation limited registration (Office) address: Beijing Jian Guo men1th, China World Tower 2 of the outside Avenue 28-story office address: 1th Beijing Jian Guo men Wai Street, China World Tower 2, the legal representative: Li jiange Tel: 010-65051166-customer service telephone: 010-85679238,010-85679169 fax: 010-65051156Web site: www. ����㣮 ���? CN (43) securities company limited registered in the West (Office) address: XI East street No. 232, Shanxi trust building legal representative: Liu Jianwu contact: Feng Ping Tel: 029-87406488 fax: 029-87406387 customer service hotline: 95,582 website: www. ������������� ���? CN (44)-British major securities limited liability company registered (Office) address: shennan road, Futian District, Shenzhen, China, 30, 31 of legal representative: Zhao Wenan contact: Rui Wang Tel: 0755-83007069 fax: 0755-83007167 Tel: 0755-26982993 Web site: www. ����㣮 ���? CN (45), Qi Lu securities limited registration (Office) address: Jinan Jingqi road, 86th legal representative: Li Wei contact: Wu Yang electric customer serviceWords: 95,538 company URL: www. ����� ���? CN (46) joint huatai securities limited liability company (Office) address: Shenzhen Futian Central District Center Plaza, Hong Kong China travel service building fifth floor (01A, 02, 03, 04), 17A, 18A, 24A, 25A, 26A, the legal representative: Ma Zhaoming contact: Pang Xiaoyun Tel: 0755-82492000 fax: 0755-82492962-customer service telephone: 95,513 website: www. ����� Com (47) registered investment securities company limited (Office) address: Shenzhen Jiangsu building yitian road 38-45 statutory representative: Shaolin contact: Lin Sheng Ying Tel: 0755-82943666 fax: 0755-82943636 customer service Tel: 400-8888-111,95565 Web site: www. �������壮 ���? CN (48) Dongguan securities limitedLiability company register (Office) address: Guancheng district, Dongguan, South Park, first legal representative: Zhang Yunyong contact: Xiong Dingyan Tel: 0769-22116111 fax: 0769-22116111-customer service telephone: 961,130 website: www. ����� ���? ���(49) Golden Sun securities limited liability company registered (Office) address: Beijing West Road in Nanchang city, 88th (Jiang Xin International Finance mansion) legal representative: Zeng Xiaopu contact: Wu Zuping Tel: 0791-6281061 fax: 0791-6289395 customer service phone: 0791-6285337Web site: www. ��������룮 Com (50) registered huatai securities company limited (Office) address: Zhongshan Road, Nanjing, Jiangsu huatai securities building, 90th legal representative: Wu Wanshan contact: Cheng Gaofeng, Wan Ming Tel: 025-83290979-customer service telephone: 95,597Web site: www. �����㣮 ���? CN (51) registered with guotai Junan securities company limited (Office) address: Shangcheng Road, Pudong, Shanghai, No. 618 of legal representative: young contact: Rui Minqi Tel: (021)-6,161 fax: (021)0161 customer service telephone: 4,008,888,666 website: www. �����ᣮ Com (52) registered xingye securities company limited (Office) address: Lake Road in Fuzhou City, No. 268 of legal representative: lanrong contact: Xie high Tel: 021-38565785 fax: 02-1-38565783 customer service telephone: 4,008,888,123 website: www. ����� ���? CN (53) registered guosen securities company limited (Office) address: hongling road, Luohu district, Shenzhen 1012th guosen securities building, 16 to 26 floors of legal representative: how about contact: Qi Xiaoyan Tel: 0755-82130833 fax: 0755-82133302-customer service telephone: 95,536 website: www. ������� ���? CN (54) EMC Corporation registered company limited (Office) address: No. 4018 jintian road, Futian District, Shenzhen City, the UN General AssemblyA 35-28 A02 legal representative: bovine Guan XING contact: Chen Jianhong Tel: 0755-82825551 fax: 0755-82558355-customer service telephone: 4,008,001,001 website: www. �������壮 ���? CN (55), Oriental cardCoupons registered company limited (Office) address: South Zhongshan Road, Shanghai, No. 318, 2nd floor, 22-29 layers of legal representative: Pan Xin forces contact: Wu Yu Tel: 021-63325888 fax: 021-63326173-customer service telephone: 95,503 website: www. ����񣮣��? CN (56) citics securities company limited (Office) address: Jiangnan road, binjiang district, Hangzhou City, Zhejiang Province No. 588 hengxin building, main building, 19, 20, of legal representative: Liu June contact: Yu Huiliang Tel: 0571-85776115-customer service telephone: 0571-96598Web site: www. ������� ���? CN (57) Hualong securities limited liability company (Office) address: Gansu Jingning road No. 308, legal representative: Li Xiaoan contact: Li Xintian support Tel: 96668,400689888 Web site: www. ������� ����(58) zheshang securities limited liability company (Office) address: Zhejiang Hangzhou huanglong A-6/7 floor, Century Plaza, Hangda 1th, the legal representative: Wu Chenggen contact: Xie Xianghui customer service phone: 0571-967777 website: www. �������壮 ���? CN Fund Manager under theSales procedures and provisions of the contract of the Fund, selecting other qualified sales agent of the Fund and to comply in a timely manner a notice obligations. Second, the registered name: Invesco great wall Fund Management Ltd address: 1th Center road, Futian District, Shenzhen Kerry Plaza, Tower 21, the legal representative: Zhao Ru ice Tel: 0755-82370388-1668 fax: 0755-22381325 contact person: Yang Bo maintained three, law firms and lawyers name: Beijing Jincheng tongda law firm address: Beijing Jian Guo men NEI Street, 22nd 11 layers of Huaxia bank charge: Tel: 010-85237766Fax: 010-65185057 handling lawyer: He Baoyin, Xu Zhihao four certified public accountants, accounting firms and operate legal name: PricewaterhouseCoopers Zhong Tian accounting firm limited company registration address: 1318th Lujiazui ring road, Pudong, Shanghai office address, 6/f, DBS Bank: Shanghai Pudong Lujiazui ring1318th and DBS Bank building, 6/f, the legal representative: KentWatson Tel: 021-23238888 fax: 021-23238800 to maintain the CPA: Xue Jing, Xu Zhenchen four domestic demand growth, fund name King Shun the great wall II, equity-type securities investment funds. Five, fundsExchange-type contract.����Six, the Fund's investment objective of this Fund through priority investment in domestic demand-led enterprises in the industry share of China's economy and industry, the rapid growth the most, realizing the assets of the Fund's stability in the long term, sustainable value. Seven, the investments of the Fund invested in the Fund have good liquidity financial instruments, Including domestic issuance and trading of corporate stocks and bonds according to the law and allow investments of the Fund approved by the China Securities Regulatory Commission, the other financial instruments.����In terms of asset allocation, investing in stocks is the maximum and minimum ratios and 95%, the largest proportion of investment in bonds is 30%. Priorities of the Fund investment and economic growth is most closely related to domestic demand-Led enterprises in the industry, its investment in these industries share of the equity investments no less than 80%. 1, eight, the Fund's investment strategy in constructing and managing portfolios of stock investment strategy process, adopted a "top down" approach to investing, focusing on the advantages in domestic demand-led industry select fundamentally sound businesses or undervaluedStock.����Based on the macro-economic operational situation and policy analysis, financial and currency runs health and policy analysis, industry prosperity situation and policy analysis, an amendment to the trade preferences, and combination of securities market and policy analysis, asset allocation and portfolio construction decisions. Stock investment section to "domestic demand-led" advantages of industry enterprises in order to grow, Value and stable revenue base, at the right price and buy growth stocks with high growth, undervalued by the market value of the value of stocks, as well as to provide steady income income stocks. Part 2, bond investment strategy bond investments of the Fund focused on safety and liquidity of principal. A comprehensive analysis of macro-economic situation and monetary policy and fiscal policy andSocial and political conditions for research, focusing on interest rate change trend forecast, build a prediction model of changes in the yield curve.����Through the analysis of the value model, for determining the price trends of Central and calculation of bond portfolio measures such as duration, yield to maturity and duration, "from the" selected vouchers and bonds of variety of configurations. 3, warrants the investment strategyThe company will be under the prerequisite of effective risk management, by warrant study on the fundamentals of the underlying securities, combined with the value of option pricing model to estimate of e, prudent investment.����The Fund holds all of e's market value of not more than Fund's net asset value of the 3%. The Fund will continue to conduct regular and unscheduled review of portfolios and risk monitoring, timelyAdjusted accordingly.����Comparative benchmark the overall performance of the Fund, fund performance baseline = CSI index market capitalisation weighted index x80%+ General China bond index x20%. The main reason to use the performance baseline for: Shanghai/Shenzhen Stock Exchange composite index 1, market representation respectively are reflected on the Shanghai and Shenzhen stock exchanges allChanges in the price of shares in the total share capital-weighted index, whichever formation in Shanghai and Shenzhen in accordance with the weight of the total market capitalisation weighted index market capitalisation weighted index can fully reflect changes in the domestic prices of all listed shares, with a very good market representation. 2, composite base construction of the fair sex is a high rate of holdings of the Fund of funds, the proportion of equity investments range from the assets of the Fund70-95%, market neutral equity positions to 80%. Stock and bond investments of the Fund of the baselines with sufficient market share respectively of Shanghai and Shenzhen stock index market capitalisation weighted index and bond general index, baseline of stock and bond investment in the Fund's overall performance in accordance with the percentage of the baseline of two classes of assets when the market neutral investments determine, You can compare the fair view of the Fund Manager's investment management capabilities.����If the fund performance baseline index used in the suspension or termination of the publication, the Fund Manager may, after filing the China Securities Regulatory Commission, using a different reasonable index instead of the original index as a performance baseline. If future changes in the laws and regulations, or if there is more authoritative,Performance baseline can generally accepted by the market launch, the Fund Manager may change after the China Securities Regulatory Commission, for the record performance baselines and notice in a timely manner.����Ten risk-return characteristics of the Fund, funds are higher risk investments. Various categories of risk defined: 1, portfolio risk in the Fund's ongoing risk management process, by the Ministry of investmentMonitor and manage portfolio risk. Such risks include the following: (1) systemic risk: investments of the Fund for market reasons, been unable to avoid the risk, and (2) configuration of industry risk: funds in the investment ratio and a particular industry benchmark of large deviation risks which may arise, and (3) security selection risk: a stock in the FundLarger deviation for bunker appeared and benchmark risk which may arise, and (4) style risk: the deviation between Fund and benchmark investment style, risks arising from the strong bias towards a certain style. 2, a unit of risk in the Fund in the day-to-day risk management process, from investment to a unit of the Department to monitor and manage risk. Such risks include the following: (1) financial risk: funds in the investment process, because of the fundamentals of listed companies in particular financial situation judgment error, resulting in fund net asset value risks of damage, and (2) liquidity risk: the assets of the Fund cannot be quickly turned into cash, low cost, or may not meet potential investors with large amount of risk, and (3) price risk: at certain timeWithin the time limit, if a secondary market of securities in the Fund of stock price fluctuation amplitude exceeds a certain percentage. 3 risk, derivatives risk, fund ongoing management process, from investment to a unit of the Department to monitor and manage risk.����At present, such risk mainly refers to risks caused by warrant investment. 4, job execution of risk in the Fund's ongoing risk management process, Monitored by the operational and legal, real-time early-warning and monitoring of the Audit Department exposed to risk.����Such risks include breaches in the daily operations of the Fund regulations or corporate management system, or a mistake in trade execution and risk information system failures. XI, investment portfolio reports (unaudited)-view along the great wall fund management of the DirectorAnd ensuring that the information contained in the report of the directors do not exist any falsehoods, misleading statements or significant omissions, and for its authenticity, accuracy and completeness of the content of individual and joint and several liability. ABC Fund managed according to contract, have reviewed this portfolio reports, ensure that false record review content does not exist, misleading statements or significant omissions.Financial data as of September 30, 2011, unaudited financial information contained in this report. (A) the end funds portfolio (ii) reports the final stock portfolio by industry classification (iii) end by the fair value of net assets of the Fund size ranking top ten stock investment detail (d) end by bondClassification of the bond portfolio (v) end by the fair value of net fund assets ratio the size ranking of the top five bond investment details (vi) report according to the fair value of net assets of the Fund at the end of proportional size ranking top ten asset-backed securities investment details of the Fund is not asset-backed securities held at the end of the present report. (VII) reports the final fairNet value of Fund assets ratio the size ranking of the top five warrants detail this investment fund without a warrant at the end of the present report. (H) investment portfolio reports note 1, wuliangye company limited (hereinafter: wuliangye, stock code: 000858) because information disclosure exists the illegal facts on May 27, 2011 China securities regulatory managementGoverning Council of the written decision of administrative penalty ([2011]17), mainly involves the disclosure of information not inadequate problem in time, at the same time for the company and the management of different amounts of fines. The Fund investment and research staff analysis, wuliangye is a food and beverage industry companies with medium-and long-term investment value, irregularities occurred most long time, Corporate governance has been greatly improved, currently valued at historically low levels.����This Fund Manager is based on the Fund contract and the company's investment management system, investment mandate, wuliangye have invested by normal investment decision-making process. Nine other issuers of securities is no investigation by regulators or within one year before compiling this report was publicly condemned, Penalties.����2, the top ten shares of the Fund investment alternative stock library does not exceed the funds stipulated in the contract.����Other assets constitute 4, 3, end of convertible bonds into shares held by details of the Fund does not hold at the end of the present report is in convertible bonds into shares. 5, reports the final top ten stocks exist in limited circulationDescription of the condition of the Fund before the end of ten stocks do not exist in limited circulation. 12, the performance of the Fund 1, the net growth rate compared with the results for the same period comparative tables 2, cumulative net of basic rate of income growth rate compared with the historical trend in performance baseline yields King Shun the great wall domestic demand growth in various equity securities investment funds, the cumulative NETComparative historical trend of the basic rate of income growth and performance comparison chart (October 11, 2006) Notes: the Fund's asset allocation ratio: proportion of the minimum and maximum percentage invested in stocks and 95% respectively, the largest proportion of investment in bonds is 30%. Priority investment and economic growth of the Fund's most secretDomestic demand-led enterprises in the industry, its investment in these industries share of the equity investments no less than 80%. In accordance with the provisions of the Fund contract, the Fund's investment positions for a period of 6 months from the date on October 11, 2006 the contract came into force.����Positions at the end of the period, the Fund Portfolio meet the requirements of these portfolios. 13, fund feesOverview first, and costs related to the operation of the Fund (a) type 1, the cost of Fund Manager of the Fund management fee, 2, the funds managed hosting fees; 3, sales services; 4, funds and fund-related information disclosure after the entry into force of the contract costs; 5, after the commencement of the Fund contract and funds related to the accountant and lawyer fees; 6Costs, Fund share holders of the General Assembly; 7, the securities of the Fund transactions costs; 8, bank costs allocation; 9, in accordance with the relevant provisions of the Fund contract and agreement, could property other costs shall be allocated to the Fund.����Termination of liquidation expenses incurred by the Fund, according to the actual expenditure from the funds deducted from the total value of property. (B) Fund fees provisionMethods, making standards and payment 1, fund management fees of the administrator of the Fund's management fee on the day before the Fund's net asset value of 1. 5% rates. Management fee is calculated as follows: H=Ex1. 5% �� h is the number of days in the year daily e Fund management fees should be made for the day before the Fund's net asset value of fund management fee daily meterCount, daily Trojan and month to month, monthly payments, to funds managed by fund managers who sends funds transfer instructions of management fees, Fund Trustees reviewed within 2 business days prior to the next month after one-time payments from the Fund assets to fund managers.����In case of holidays, public holidays, the date of payment deadline. 2, the Trustees of the Fund any managed the Fund managed byThe day before the Fund's net asset value of 2. Annual rates of 5 per thousand. Escrow fee calculated as follows: H=Ex2. 5 per thousand �� h is the number of days in the year daily custody fee e should be made for the day before the net asset value of Fund custody fee calculated on a daily basis, daily Trojan and month to month, monthly payments, sending funds to funds managed by fund managers who supportTube transfer instructions, Fund Trustees reviewed within 2 business days prior to the next month after property once drawn from the Fund.����In case of statutory holidays, public holidays, paid date extended. 3, sales and service fee service fee is the Fund Manager under the agreed terms of the contract of the Fund and by then effective provisions of relevant laws and regulations, from the open-ended Fund property of trap thanCosts to cover marketing costs of sales agency commissions, funds and the Fund's share holder services, etc. Fund managers can select appropriate time (it should be held in the China Securities Regulatory Commission published the collection requirements of the open securities investment fund sales charges) start making sales and service fees, but at least it should be at least 2 working days in advance of a specified newspaper and websiteBulletin.����Notice should be required to make in sales conditions, procedures, use of the service fees and fee rates.����Fund managers based on relevant laws and regulations of the Fund contract and will in effect announcement Fund sales service charge or, where appropriate, reducing the Fund sales service fee, no Fund share holders general meeting. Di3-8 in the first, the type of Fund fees above costs, in accordance withRelevant legislation and the corresponding agreements, according to actual expenditure costs amount included in the expense in the period, by the custodian of the Fund paid out of Fund assets. Second, the costs associated with Fund sales 1, Fund subscription fees (1) subscription rates were setting differential rates on subscription of the Fund, subscription rates decline depending on orders increased, the highest subscription rate is not more than 2. 0%(2) calculation formula for subscription of shares of the Fund are as follows: subscription fees = net orders orders x subscription rate = (orders + subscription interest)-subscription share = net orders of subscription fee/subscription shares calculation results of fund shares nominal value Fund reserved to two digits after the decimal point and two digits after the decimal point after some lay down,I lay part of the assets represented by all. 2, purchase costs of the Fund (1) the Fund following purchase fee rates applicable: (2) method of calculation formula funds amount used to purchase, purchase amounts, including purchase costs of the Fund and the net purchase amount, which: = purchase amounts/net purchase amount (1+ purchase fee rates); = purchase cost claimNet purchase amount-purchase amount purchase, share net purchase amounts/t = net value of fund shares.����Funds to purchase shares until two digits after the decimal point, rounding away part of the assets represented by all.����3, redemption fee (1) this fund redemption rates as follows: Note: redemption charges, 1 year of 365 days, 2 730 days. (2) meterCalculation formula = total redemption redemption shares x net redemption of fund shares on the day of redemption fee = total redemption redemption rate by x = total redemption redemption amount-redemption fee (3) of the Fund's redemption fee 25% included in the assets of the Fund and the rest as spending on registration fees and other fees. 4, Fund switching costs (1) the Fund conversionCosts include has Fund go out Shi charged of redemption fee and fund into Shi income of purchase compensation fee, which redemption fee of charged standard followed this recruitment manual of conventions, purchase compensation fee of charged standard for: purchase compensation fee =MAX "go out net amount in into Fund in the corresponds to of purchase costs-go out net amount in go out Fund in the corresponds to of purchase costs, 0". (2) meterIs formula �� Fund go out Shi redemption fee of calculation: by stock fund go out Shi: go out total = go out share x go out Fund day Fund share NET by currency Fund go out Shi: go out total = go out share x go out Fund day Fund share NET + to closing proceeds (full go out Shi) redemption costs = go out total x go out fund redemption feeRate go out net amount = go out total-redemption costs �� Fund into Shi purchase compensation fee of calculation: NET into amount = go out net amount-purchase compensation fee which, purchase compensation fee =MAX "go out net amount in into Fund in the corresponds to of purchase costs-go out net amount in go out Fund in the corresponds to of purchase costs, 0" into share = net into amount/intoNet value of fund shares three, not to include the Fund on the date of the Fund project the following costs are not included in the cost of funds fee: 1, Fund Administrator and custodian of the Fund for failing to perform or fail to fulfil their obligations fully costs to be incurred as a result of loss of property or funds, 2, the Fund Administrator and custodian of the Fund to deal with matters not related to the operation of the Fund for expenses incurred, 3, the FundBefore the entry into force of the contract-related expenses, including but not limited to, examination fees, accountants, and attorneys ' fees, the disclosure of information costs such as costs, 4, the other in accordance with the relevant laws and regulations and the relevant provisions of the China Securities Regulatory Commission shall not be placed on project of Fund fees. Four, the cost adjustment fund administrator and custodian of the Fund after consensus, according to fund the development of double-fermented wine reduced funds managementRates or fund managed rate without having to fund share holders general meeting.����Fund managers must be implemented new rates at the latest 2 working days for at least a few days ago a specified by the China Securities Regulatory Commission, Media Advisory and reported to the CSRC the record. Five tax involved in the operation of the Fund, Fund of the tax, the taxpayer executed in national tax laws and regulations.14, a description of prospectuses updates section 1, in the "third, fund managers" section, updated basic statistics on fund managers, fund managers and key personnel and internal control system related information; 2, in the "four, Fund custodians" section, updated the custodian information; 3, in the "five, related services" section, updatedDistribution Agent handling information on CPA and accounting firms, 4, the "six, purchase of fund shares, redemption and conversion" section, updated Fund switching principles and information related to the regular fixed investment plans; 5, in the "eight, the Fund's investments" section, updated the Fund's investment portfolio reports, data as of September 30, 2011;6, updated the "ten, fund performance" section, data as of September 30, 2011; 7, "14, fund fees and taxes" section, complementing the Fund subscription rate information; 8, "22, other disclosure matters" update was released recently and notices relating to this Fund directory, directory updates to October 11, 2011.Invesco great wall fund management limited on November 25, 2011