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    specified transaction? < br />
    so-called designated trade, means investors and securities
    institutions signed one approval, designated the agency only for
    their own trading in securities trading point. There are several
    benefits of the transaction specified:
    (1) to aid prevent theft of investors to sell stocks;
    (2) automatically receive dividends from securities trading system
    directly to the funds credited to the cash dividbring an end to
    … vestor account;
    (3) can receive a monthly quarterly reconciliation of securities
    institutions to provide services. < br />
    current train is to clarify the Shanghai stock market trading
    system, the Shanghai stock market investors relative to the past
    more safe and convenient.
    open-end funds and closed-end funds
    difference if the Fund may redeem the securities investment funds
    tin be divided into open-end funds and closed-end funds. Open-end
    fund, fund size is not nailed, but tin at anybody period based
    above market supply and demand for new share issuance or redemption
    of investment fund investors. Closed-end funds, as disapproved to
    open-end funds is concerned, the fund size is decided before the
    loosen, and after the release within the prescribed period, the
    fund size of firm investment funds.
    open-end funds and closed-end funds are the main differences:
    (1) the size of the variability of the different funds. Closed-end
    funds have a remove survival period has been issued in this period
    the fund units can not be redeemed. Although the special
    circumstances of such funds can be Kuomu, but Kuomu should have
    rigid legal conditions. Thus, beneath natural circumstances, the
    fund size is fixed. The open-end funds issued by the Fund units
    are redeemable, and investors in the fund period are also free to
    purchase units, resulting in annual total funds are often changing.
    In other words, it is forever This is a closed-end funds and
    open-end fund fundamental differences.
    (2) the sale of units in different ways. Initiated the < br /> establishment of closed-end fund, investors can sell to the fund
    management corporation or institution to subscribe; when traded
    closed-end fund, investors can be entrusted to the market price of
    the stock exchange trading brokerage. The open-end fund investors
    to provide in, they can keep the fund management company or sales
    organizations purchase or redemption.
    (3) the trading price of units formed in alter ways. Because of
    exchange-listed closed-end funds, the sale price by the greater
    impact on market supply and demand. When the market for less than
    demand, the fund unit trading price may be higher than the net
    things merit per fund unit, then the investor-owned fund assets
    will increase; when the market is when supply exceeds demand,
    prices may be lower than each fund web wealth value of fund units.
    The open-end fund trading price based on net funds value of fund
    units reckoned on the basis, instantly reflects the class of net < br /> asset value of fund units. In the fund trading costs, investors
    traded closed-end funds with the trading of listed stocks, but also
    in appending to paying a decisive percentage of the price of < br /> securities transaction tariff and fare; and open-end fund investors
    are necessitated to pay the costs associated with (such as the
    initial charge, redemption fees) are embodied in the Fund, the
    price. In general, the spend of trading than closed-end funds
    open-end fund.
    (4) the Fund investment strategies are different. Because
    closed- end funds can not be redeemed at any time, it raised the
    funds can be used for investment, so that, according to fund
    management companies can amplify long-term investment tactics to
    achieve long -term business performance. The open-end fund you must
    keep some cash to investors redeem at any time, but not
    exhaustively used in long-term investment, generally invest in
    assets and strong liquidity.
    fifth chapter Shenzhen Composite Index and Shenzhen Component
    Index
    the difference between stock price index is the use of statistical
    methods in the index compiled, reflecting the overall price of the
    stock market or class of shares changes and trall overdicators.
    According to the price of stock index reflects the scope can be
    divided to reflect the stock index market trends reflect a < br /> comprehensive index and an industry or a particular class of stock
    price movements of the index.
    Shenzhen Composite Index, compiled by the Shenzhen Stock Exchange,
    the Shenzhen Stock Exchange listed shares for the calculation of
    the full range of weights with a prevalence of weighted Composite
    Index. The index for April 3, 1991 as the base date, based on index
    as 100 points . Comprehensive reflection of the Shenzhen Stock
    Exchange Shenzhen Composite Index All A shares and B shares listed
    on stock price movements. Were also arranged to reflect all the A
    shares and B shares stock prices of all the Shenzhen A-share Index
    and Shenzhen B-share index. Shenzhen A-share index to April 3, 1991
    as the base date, October 4, 1992 began to issue, based on index as < br /> 100 points. Shenzhen B-share index to February 28, 1992 as the base
    date, October 6, 1992 began to issue, based on index as 100
    points.
    SSE Component Index, was listed on all stock from the extract of a
    representative of the market shares of 40 listed companies as a
    computational thing, and the number of shares outstanding for the
    right of the weighted stock index calculated, comprehensive
    reflection of the good friend The listing of A, B shares stock
    prices. The index obtained July 20, 1994 as the base date, based on
    index as 1000. Constituent stocks of the index on January 23, 1995
    began trial release, May 5, 1995 was officially opened. 40 A-share
    listed companies used to calculate the components of A-share index
    and industry index, 40 listed companies in the B shares of the
    company, its B shares accustom to calculate the components of the
    B-share index. SSE Component Index, also the arrangement of A-share
    index, the industrial index, business index, financial index, real
    possession sub-index, utilities sub-index, index of integrated
    corporation. SSE Component Index selected example consider the
    following factors: 1 the date of the length of publicly traded; (2)
    market size, per the company a period of time, the average total
    market capitalization of the stock market value of peace can stream
    meter; 3 trading play, the total period of time per company
    turnover of greenbacks. To determine the initial list, and then
    selected the combination of the following factors as the 40
    constituent stocks of listed companies: a company stock in a period
    of time the average price-earnings ratio; (2) The company
    industry performance and evolution prospects in their relative
    callings; 3 companies in recent years financial location, earnings
    record, prospects and management quality, etc.; 4. district
    representative plates, etc. To ensure the representativeness of the
    index , listed companies must change depending on the constituent
    stocks of replacement, the Shenzhen Stock Exchange is scheduled for
    March 1,5,9 each representative of the constituent stocks of the
    inspection, consult the need for replacement.
    third
    What is ST, PT stock?
    1998 ?π ¥ 4 22, the Shanghai and Shenzhen Stock Exchange announced to
    the financial condition and other unusual financial transactions of
    shares of listed companies special treatment (English as
    specialtreatment, shortened as One exception mainly refers to two
    situations: First, two listed companies, the inspected net profit
    of the fiscal year are negative, the second is a listed company
    maximum recent fiscal year inspected net assets per share less than
    the par value. Stock in listed companies was introduced during the
    special treatment, its stock should follow the following rules: (1)
    stock quotes on price limits of 5%; (2) change the name of the
    original equity shares names with ST Steel
    PT shares are traded on the stock for the suspension of
    distribution channels to provide special services generated by the
    transfer of the stock diversity (PT English ParticularTransfer
    acronym ), which is based on The relevant provisions of the listed
    company for three consecutive years losses, etc., listed its shares
    will be suspended. Shanghai and Shenzhen Stock Exchange from July
    9, 1999, the listing of shares of such suspension of the
    implementation of PT shares trading price and trading stocks with
    the normal competitive bidding is different: (1) transaction at
    different times. PT shares only in the opening time every Friday
    for one week only one day can be traded. (2) price limits are
    different. According to the latest regulations, PT shares only 5%
    of the limit increase, not diminish limit, the risk increases. (3)
    match in different ways. Normal trading in each trading day between
    9:15-9:25 auction, call auction is not reporting transactions < br /> entered after 9:30 queuing continuous auction transactions. The PT
    shares are 15:00 on Friday after the close of exchange on the day
    of one commissioned to affirm all effective way to auction match,
    generating a solitary transaction price, the commission declared
    all fit transactions are at this price. (4) PT shares as a special
    transfer service, it is not really trading the stock traded on the
    stock, so stock is not included in the index calculation, the
    transfer of information can only be seen on the day closing
    price.
    10th chapter
    stock common terms
    [stock index futures] is a stock concordance futures traded in the
    stock market index-based futures. It is a amenable compact trading,
    the way the use of margin trading, margin compact face value of the
    percentage is generally 5% to 15%. It is a money settlement, that
    is when the compact expires with the stock market closing
    concordance as the criteria for accommodation, the contract holder
    only with the delivery or invoice of stock index futures market the
    cash difference among the two, you can complete the delivery
    procedures.

    [zero shares trade] deal than a unit of (1 lot = 100 shares) of
    stock, such as a stock, 10 shares, known as zero shares. In selling
    the stock , you can be entrusted with zero shares; but can not buy
    the stock shares with zero commission, the smallest unit is a hand
    that is 100 shares.
    [auction] each morn 9:15-9:25, via microprocessor matching pair,
    the price time precedence as an indicator to determine the
    price.
    [squeeze] means do the short sale investors to sell shares after
    the stock prices are way up in the last resort to a higher price
    than the offer price to buy back the shares already sold.
    [box movements] refers to the stock prices of a shape. The maximum
    price, lowest, respectively, even as a straight line, you can
    obtain a box price trends, so called Because as a channel, also < br /> known as
    [ex] refers to the stock company form of cash dividends to
    investors in dividends. Before ex-dividend, stock company requires
    prior shareholder meeting to determine the program, retard the
    register of shareholders, to provide an ex-dividend date when the
    register of shareholders list shall prevail, and after the date of
    this announcement fjust aboutme time period to stop the transfer of
    shares. Will also result in the ex-dividend stock price fell,
    investors should be wary to judge.
    [ex] AG in bonuses to investors when trading in the shares besides
    the right to allotment or as ex-bonus shares. Like with the
    ex-dividend, ex-dividend date, mens tods loafers,
    also to invest the register of shareholders catalogue shall
    dominate, and after the date of this bulletin fjust aboutme time
    period to stop the migrate of shares. Ex-general will cause the
    stock price fell, investors can not lightly make this at a low
    price to judge, but ought be based on stock prices, make the right
    decrees.
    [reverse] refers to the stock market by the bull market to bear, or
    bear market to bull market. Trend is concerned, is the bull into a
    bear market, or by the bear market into a bull market, from stocks
    is concerned, the trend rotated ascent trend from the fall, buy canada goose parka
    uk, investors should actively partake in the stock form of
    good. From the ascent trend to decline, investors should be out or
    away from the stock as presently as likely.
    [underwriting] refers to the sale of shares entrusted to a special
    equity underwriting agency agent. Issued in accordance with the
    hazard of commitment, the delivery of funds raised and handling
    factors such as the level of department of underwriting and
    underwriting usages are assignment two.
    [growth stocks] is that some of the stocks issued by companies,
    their sales and profits continued to grow, and its faster than the
    whole country and the industry growth. These companies usually
    have a little grand-wei, focusing on research, leaving large
    profits as a re-investment to facilitate its expansion.
    [blue chip stocks] is in the elapse few years, better rendition and
    proceeds, outlook still optimistic about the afterward few years,
    but will not have high growth latent of stocks. Comparatively good
    vision of the industry, return on investment can retain a high
    level.
    [speculative stocks] are those busy in the development or risk of
    the company stock. Sometimes these stocks rising number of times
    within a few days, so it can preoccupy some of the speculators.
    This stock risk is high.
    [long] investors in the stock market prospects, that the stock
    price will rise, so the first use of buy low and sell special.
    After this first purchase as long to sell people.
    [short] bearish outlook on the stock market investors that the
    share price is too high, first sell the stock, and to the extent of
    expected share price fell again to buy, to make the difference.
    After this first sale to buy called short.
    [bull] refers to a longer period of time in a rising trend in the
    stock market. Bull market, demand outstrips supply, stock prices,
    favorable for the bulls.
    [bear] refers to a longer period of time in the decline of the
    stock market. Bear market, oversupply, fell on the short
    favorable.
    [leather market] trend of small fluctuations into consolidation,
    and low turnover.
    [buy empty] investors expect the stock price will rise to a bond
    financing to buy shares, and then be sold after the stock rose to
    make the difference. This is called buying empty.
    [short] investors expect stock prices will fall, to be submitted by
    way of security to borrow stock, sell first, then fell until the
    expected level, then buy, make the difference. This is called short
    selling.
    stock common terms 2
    [long more] long-term investors, buying shares held by long
    time.
    [Short extra] good for short-term, normally 3 earned two days to
    sell.
    [dead more than] means always optimistic about the prospects for
    the stock market, buying stock, if stock prices fall, preferring to
    put a few clung to the rule of not making money do not sell the
    investors.
    [space bar] to sell the stock after the share price rise not fall,
    called the empty bar market.
    [more turning space] originally long, but see the potential profits
    to shareholders not to sell short.
    [flip over] originally short, the whole trend changed for the
    better, buying shares to do more.
    [stuck with] the writing is really stuck in the long hold-up.
    Refers to the investors to buy shares after the shares fell and
    sell.
    [grab short-term] the expected stock price to rise, first to buy
    low and then sell at high prices in the short term. Expected stock
    price fell, sell high first , then wait for an opportunity in the
    short term at a low price and then buy.
    [assured (bullish)] where rewarding for the bulls, the factors that
    stimulate or message acquired as positive (bullish)
    [bad] where the behalf of short, share prices fell as negative
    factors or information.
    [big] big hands holding shares or capital to do large transactions
    of customers, who are generally funded their throughput, can affect
    the market price.
    [retail] investors for small amount transactions, generally refers
    to small investors or individual investors.
    [long dead] finds that the stock market prospects, not only to buy
    sell, even if stock prices fall, do not clutch the logic of profit
    preferably stuck and never sold one.
    [consolidation] stock price over a period of fast rise or fall
    after the encounter resistance or support the changes were puny ups
    and downs, do hands finishing.
    [upward] stock market has been good or bad news of strong
    provocation, a actual stock market indexes blow. Rising above the
    opening day when the closing price the day before the number of
    units; fall below the closing price the day before the number of
    units; while trading day, the ups and downs by more than a few
    units.
    [rebound] in the bear market, stock prices in decline, a result of
    a rebound in stock prices fall too quickly and to adjust the price,
    a phenomenon known as rebound.
    [lift pull] is very pull lift method, will lift the stock
    substantially. Usually large in the lift after they pull the big
    discard to acquire colossal profits.
    [pressure] is very method of playing, the stock prices down
    significantly. Usually large in a lot of pressure after they have
    bought to take profits.
    [up (down) circuit breakers] Exchange under the stock price the day
    up (down) as the most significant percentage of the previous day
    closing price can not surpass this limit, or automatically stop the
    transaction.
    [dingy horse] is the stock price within a certain time, double or
    several times the stock up. < br />
    [Whitehorse] refers to the share price has formed a channel slowly
    up the long rise, there is still some upside.
    [Hot Issue] is the trading volume, liquidity is strong, a
    significant rebate in stock price movements.
    [deceive line] big investors who use technical analysis
    superstition file, charts the psychological and deliberately lift < br /> pull, pressure index, resulting in the formation of certain
    technical draft line, luring investors to buy or sell big, so its
    up to their big portly fiscal purposes. This period due to
    technical diagrams cheated of the line is called money
    production.
    [volume] of a securities market in the period of time or the whole
    number of shares to complete the transaction.
    [technical analysis] to supply and demand based on market research
    and analysis of stocks. Technical analysis studies price movements,
    trading volume, trading trends and forms, tods online store,
    and drawings that the on factors, as shown in Figure foresee the
    future behavior of the new market supply and demand of securities
    and securities held along individuals, the impact may occur.
    [basic analysis] based on sales, assets, income, products or
    services, market and management factors on the analysis. Also
    refers to the macro-political, economy, and military dynamic
    analysis to predict their impact on the stock market.
    [agent] execute purchaser orders, the sale of securities,
    commodities or additional attribute, and this commission are .
    [non-listed shares] is not in registered stock exchange listed
    stocks.
    [agent] commissioned the shareholders (other shareholders) on their
    own behalf at the general meeting of shareholders to exercise
    election rights on a written testimony.
    [turnover] total number of shares traded stock exchange traded
    shares of stock as a percentage.
    stock common terms 3
    [ex] ex stock closing price minus the previous day contained the
    right to difference, is the ex-dividend.
    [dividend] the before day closing price minus the stock of listed
    companies to dispense dividends as dividend.
    [including the right to] those who have the right to not stock all
    that with the right of the Transmission and Distribution.
    [Tianquan] diluted share increased to make up the difference will
    be ex called Tianquan.
    [increase] commerce needs of listed companies constantly apply for
    the capital increase (paid nestle) of new capital increase or
    capital extra (free allotment).
    [placement] companies to issue new shares when the number of shares
    held by shareholders in order to support price (below market)
    allocation of warrants.
    [litters] predicted the stock will rise, ahead of the first people
    to buy before the price until the follow-up of many individual
    investors, stock prices rise, the sale profit.
    [sedan chair] buy before the others get up up yet, also emulated
    buy, the result namely to raise the price for others to profit, and
    buy their own shares have non-low-cost, unprofitable .
    [next chair] Zuojiao rallies profit off the settlement for the next
    chair.
    [whipped pressure] to quell the use of a large sell down the stock
    price, mainly to steer down stock.
    [lift] the use of colossal bid to pull up the stock price,
    primarily to raised the ship.
    [sky] refers to the stock market prospects look bad, sell borrowed
    stock, as soon as the stock fell only after a very long time
    buy.
    [short space] refers to the future of the stock market is bearish,
    selling borrowed shares, but in the short time buy
    [padding] refers to the short selling of shares bought back < br /> formerly borrowed.
    [empty-handed] refers to the hands-free stock, that is not short,
    not long, seeing the stock position, waiting to buy low price, high
    to take stock shorting people.
    [stuck] refers to prediction the stock will rise, but after buying
    all the way down, or to predict stock prices will fall, so by
    shorting stocks after it all the way up, as long stuck with the
    former, the latter known as the spacious head stuck.
    [bar short] funded stock speculators saw a stock call, then a lot
    of buying, and secretly control the source, so that delivery can
    not bear to get its due amount, bull took the opportunity to raise
    prices, short essential by long had to reluctantly price.
    [bar bull] breath stock price disability, the aboriginal long do
    merchant eager to sell, if the strength of kin control of all
    appearances of the speculative stock demand, as buyers oligarchy,
    forced the long cut-sale.
    [grab hat] refers Dangtian first low-priced stocks to buy and then
    sell at high prices and then the same type, same number of shares,
    or the day of the first sell the stock, then buy low, the same
    kind, the same number of shares, interests in order to make the
    difference.
    [decapitated] refers to grab bull hats, buy stock, not the day the
    stock rose, but fell, but to lose money selling low. < br />
    [hanging blank] refers to short to grasp the hat, selling stocks,
    shares the same daytime did not fall, merely rise, but to buy
    high-priced lose money.
    [dog-eat-] general stock will rise that day, so grab the ox hats
    prop more, but the stock did not rise, can not sell lofty, wait
    until the transaction is almost to end, the race to sell, resulting
    in close the case when the stock price plummeted.
    [empty slay empty] generally agreed that the day the stock will < br /> fall, so grab all bear hat, but price has not dropped, not cheap to
    buy, before delivery, but to have to make up into, and thus the
    share price opposition the closing, significantly elevated the
    case.
    [actually more] method within the scope of its own funds, buy
    stocks, even if they are stuck, people also do not have to blaze
    quickly.
    [real space] refers to shorting stocks held in their hands, do not
    need to worry when the share price rebounded to pay back the
    people .
    [float more] bullish outlook, namely ambition rise to huge money
    and, while their restricted fiscal resources, then lent money to
    others to buy the stock, a creditor to retrieve, long buying stocks
    that absence to sell the stock, repayment of loans, this time, even
    if the stock price up, also not long-term holding, once that is
    very gainful to sell a stock price ebb, more distraught, and
    quickly lose money taking to prevent the hold-up.
    [float] float its case with many the same, but that the stock price
    will fall by shorting stocks, due to the shorting of stocks, while
    concerns have been recovered, so called
    stock common terms 4
    [Resistance Line] climbed at a certain price in the proximity, if a
    large number of cases sold, so that stock prices stop rising, even
    the price fell back.
    [support line] at a price fell to close the case if a lot of
    buying, so that even the retrieval of stock prices stop
    falling.
    [disk stop] refers to the day stock price fluctuation is small,
    it is exceedingly stable.
    [plate Kennedy] refers to the share price the day of the slow
    spiral.
    [disk soft] refers to the share price the day of the slow spiral
    down.
    [consolidation] refers to the share price over a period of rapid
    rise or fall after the encounter resistance or support, and so
    began a slight up and down movements, the rate of about 15
    percentage.
    [upward] stock market has been strong bullish or bearish news to
    stimulate the stock took a significant jump in prices, the day of
    the opening or the lowest, higher than the previous day closing
    price of more than two reporting units , called up
    [fill in the blank] refers to the upward emerge empty when not
    transaction price back up, that is, stock prices Li empty after a
    period of time to jump back to the unprecedented price, to fill the
    upward price.
    [pull file] hold the stock long face fell, and might be expected to
    must fall, then sell the stock, wait for a breach between the share
    price drop after the supplemented back, expect a gap between pay
    less.
    [correction] upward trend, due to rising too fast and fell back
    shares in array to modify the price of the phenomenon.
    [rendering] shares rebounded from the lowest point, then was sold
    and once again fall short pressure, but near the lowest point in
    the support they get long, back and forth so many times, they
    quickly from the lowest point of the way up.
    [Open ] stock price limits by the fall or turned up.
    [price] from the individual stock market bull market to bear the
    highest price.
    [damage] refers to the share price over a period of time after the
    disk document, resulting in a price volatility.
    [base] stock price continued to fall when they fell to a rebound,
    so once or several times.
    [head] rose to a price decline when they meet the resistance.
    [hanging] means to buy the stock.

    [hang out] mean the stock sold
    [points] refers to the share price rose to a certain price, due to
    changes in supply and demand, lead stagnant stock price, the price
    of this acute area is the so-called
    [Kaiping plate] refers to today opening price and the previous
    business day closing price of the same. < br />
    [Recent trends] 20 to 30 days for the recent trend.
    [blue chip stocks] refers to past performance and the performance
    of stocks with good earnings.
    [full settlement] is the securities authorities of the major issues
    of restructuring the company or the shares of listed companies,
    particularly in the development of the power of sale delivery <

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