| 1. | In order to conduct the operation effectively , we must objectively analyze the conditions and environment for the investment of social endowment insurance fund in china and adopt effective investment tactics
为了有效地进行投资营运，必须客观地分析我国养老保险基金投资的条件和环境，并采取有效的投资策略。 |
| 2. | Millions of covert debts and pension fund is waiting for maintain and increase in value , which needs effective investment operation . the pension security in china is not balance both on rank orders and in regions
巨额的隐性债务和积累的数额庞大的养老保险基金都有迫切的保值增值要求，而养老保险基金的保值增值只有通过有效的投资运营才能实现。 |
| 3. | The main problems is in the unsmoothness of the organizing and managing system , the lack of various effective investment , unreasonable arrangement of higher educational informatization source , inefficiency of the share of profit , the low qual
主要问题是组织管理体制不畅，缺乏多元化有效投入机制，高等教育信息资源没有合理配置，共享效益低，管理者、教师和学生的信息素养不高，安全意识差，管理水平低。 |
| 4. | Under the basis of study of experience of developed countries , it is important to let the capital marker enter the endowment insurance to ensure the value . but the effective investment operation should change with the different economical basis , political system and marker situation
国际经验表明：养老保险基金通过参与资本市场运作以实现保值增值是大势所趋，但基于不同的经济基础、制度体系和市场环境，应采取不同的运作方式。 |
| 5. | Scientific programming is the basic gist of the country construction and an important means of promoting the sustainable development . it is also the precondition of making good use of the effective investment , guaranteeing the present and future development of the country
科学规划是农村城市化建设的基本依据；是促进区域性可持续发展的重要手段；是充分利用有效投入的根本前提；是立足当前兼顾长远的基本保证；是确保提高居民生活质量的有效途径。 |
| 6. | On the basis of using the pension fund operation successful experience of some countries of u . s . a . and europe for reference , according to the concrete conditions on the financial market of our country , put forward the suitable fund operation investment channel of annuity of our country and effective investment way
在借鉴美国及欧洲一些国家年金基金运作成功经验的基础上，根据我国金融市场的具体情况，提出适合我国年金基金运作的投资渠道和有效的投资方式。 |
| 7. | Secondly the author evaluate the anomalous return produced by three - year - holding , two - year - holding , one - year - holding vcis , including equal - weighted and value - weighted , in the most popular buy - hold average returns ( bhars ) and average monthly returns ( amrs ) term advocated by fama ( 1998 ) . the conclusions drawn from two methods are same : vcis is effective investment strategy and can produce significant anomalous return , but the statistic significance from the latter is larger than that of the former
作者对不同规模股票组合的价值投资策略效果进行了考察，发现在b / m 、 e / p ? b / m价值投资策略中，小规模股票组合的投资效果高于大规模股票组合的投资效果，而在gs 、 bm ? gs价值投资策略中，小规模股票组合的投资效果低于大规模股票组合的投资效果。 |
| 8. | When the infrastructure storage increase 1 % , gdp can increase 1 % . the investment and financing system of infrastructure leads infrastructure construction and management . a perfect effective investment and financing system of city infrastructure can improve the resources disposition efficiency and impetus economic structure rationalization and it is the direct power of promoting the city infrastructure construction development
城市基础设施投融资体制对城市基础设施的建设、管理起着引导性的作用,一个健全有效的城市基础设施投融资体制能够改进资源配置效率和推动经济结构的合理化,是促进城市基础设施建设发展的直接动力。 |
