The chapter four analyzes the mmf ' s nature character and points out that the mmf is the interest - bearing asset , non - risk asset and the mmmf is one special intermedia institution 第四章从理论角度分析了货币市场基金的本质特征，指出货币市场基金份额本质上是一种生息资产、无风险资产，而货币市场共同基金本质上是一种特殊的中介机构。
Issue is a variable amount , the fund share ( units ) may at any time increase or decrease in the total number of investors in accordance with the fund ' s fund managers , shown in the designated place of business purchase or redeem funds 开放式基金是一种发行额可变，基金份额(单位)总数可随时增减，投资者可按基金的报价在基金管理人指定的营业场所申购或赎回的基金。
The impact of recently enacted property law on china capital market is enormous and positive , but it also brings great challenges to various business including abs business and security of mutual fund shares and equity ceiling 摘要《物权法》的颁布实施，对资本市场将产生重大的积极影响，但同时也带来资产证券化业务、基金份额质押业务、股票最高额质押业务等方面亟待解决的问题。
Practice found that the operation of the fund as of the time of the fund increased performance rising , fund share holders structure occurred more often changes with the emergence body weight increased , the proportion of individuals drop phenomenon 实践中发现，随着基金运作时间的增加以及基金业绩表现不断提升，基金份额持有人结构往往发生比较大的变化，出现机构比重上升，个人比重下降的现象。
Article 24 a fund management company that has obtained the qdii qualification may raise the capital by publicly selling fund units in accordance with related laws and regulations , and invest fund assets in the securities market outside the territory of china 第二十四条取得境内机构投资者资格的基金管理公司可以根据有关法律法规通过公开发售基金份额募集基金，运用基金财产投资于境外证券市场。
The greatest characteristic of oef is that investors can buy or redeem the share of oef according to investors ’ own demand . this redemption behavior of the oef shareholders has induced more uncertain which leads the management company to more liquidity risk . with the development of the oef industry , the liquidity risk of the oef is becoming more and more important 与封闭式基金相比,开放式基金最大的特点就是投资者可以根据自己的投资需求随时提出申购或要求赎回,因此基金份额具有较大的不确定性,导致基金管理人承担着资金管理压力,面临着一定流动性风险。
Securities investment funds is through the sale of fund shares , many investors will be the funds together to form independent assets from the trust fund trustees , fund managers and management to portfolio approach to a securities investment interests sharing , sharing risks and collective investment 证券投资基金是指通过发售基金份额，将众多投资者的资金集中起来，形成独立资产，由基金托管人托管，基金管理人管理，以投资组合的方法进行证券投资的一种利益共享、风险共担的集合投资方式。
Fund collect period after end and holding water , the procedures that investor sets according to fund sale site buys fund portion to be called explain buy , already mirrorred its to invest assorted value as a result of fund net value right now , because net value of share of this every unit fund is not 1 yuan certainly , likelihood prep above or under 1 yuan , reason is mixed with brushstroke asset subscribe explain the fund portion number that buys same fund income to arrive will differ likely 基金募集期结束并成立后，投资者根据基金销售网点规定的手续购买基金份额则称为申购，此时由于基金净值已反映了其投资组合的价值，因此每单位基金份额净值不一定为1元，可能高于或低于1元，故同一笔资产认购和申购同一基金所得到的基金份额数将有可能不同。
According to the national related industry investment fund policing method stipulation , the industrial fund is one kind has not carried on the stockholder ' s rights to the going on the market enterprise to invest and to provide the set investment system which the management and operation service benefit sharing , the risk altogether take on , namely through distributes the fund share to the most investors to set up the fund company , by fund company from no matter what the fund supervisor or the separate request fund supervisor manages the fund property , the request fund trustee trust fund property , is engaged in the imbark investment , the enterprise reorganizes industries and so on investment and infrastructure investment invests 根据国家有关产业投资基金管理办法的规定，产业基金是一种对未上市的企业进行股权投资和提供经营管理服务的利益共享、风险共担的集合投资制度，即通过向多数投资者发行基金份额设立基金公司，由基金公司自任基金管理人或另行委托基金管理人管理基金资产，委托基金托管人托管基金资产，从事创业投资、企业重组投资和基础设施投资等实业投资。
