Considering company developing trend and macro - economic environment together , by the calculating of asset value , profit ability value and growing up value , the decision making is mainly based on the balance sheet . secondly , " vit " always takes reality as its basis . it is more practical and more rational when analyze the expecting profit , the future cash flow or judge the value of a invested company 价值投资理论与“现代投资理论”的区别在于：首先， “现代投资理论”将大量复杂的预测技术和数学公式引入对投资资产的定价过程，而价值投资理论却从资产负债表出发，结合公司发展趋势和宏观经济环境等因素，通过对资产价值、盈利能力价值和成长性价值的计算来做出投资决策；其次，价值投资理论始终以现实为基础，在分析处理预期收益和未来现金流时更实际、更理性地判断被投资公司的价值。
Have invested within six months before submission of his application to the immigration department , or will invest within six months after the granting of approval in principle by the immigration department , not less than hk $ 6 . 5 million in permissible investment asset classes ( except certificates of deposit which must be invested within the latter period ) as detailed in page 在向入境处递交申请书前的六个月内，或在申请获入境处原则上批准后的六个月内，把不少于港币650万元投资在获许投资资产类别(存款证投资除外，这类投资必须在申请获入境处原则上批准后的六个月内作出) ，详见
According to the draft , insurance institutions for the investment must satisfy certain requirements including : having at least two independent directors ; having established independent asset management departments , having their investment assets under independent third - party custody ; insurance funds under central allocation and management accounting for at least 80 % of their total assets ; and solvency adequacy ratio in the previous year end being at 120 % 根据意见稿，进行境外投资的保险机构须满足的条件包括：至少有2名独立董事；设立独立的资产管理部门，实行投资资产第三方独立托管；集中配置和统一管理的保险资金不低于公司总资产80 ；上年末偿付能力充足率达到120 。
Under the current policies and regulations as well as the market situation , it is suggested to improve their management skill in the following aspects : to increase the investment proportion of the available assets to seek higher investment return ; to optimize the capital structure by emphasizing the balanced management of liabilities and assets ; to strengthen risk control and invest ment appraisal to ensure sustained and steady return 面临业务拓展型向经营管理型转型期的中国保险企业，在现行政策法规与市场环境下，可着眼于提高可投资资产比例；规划资产结构，实行资产负债管理；加强风险控制与绩效评估，保证持续回报。
Certificates of deposits - denominated in hong kong dollars issued by authorized institutions as defined in the banking ordinance with a remaining term to maturity of not less than twelve months at the time of purchase such purchase should take place after approval in principle has been given by the immigration department for the entrant to join the scheme and that such instruments , on reaching maturity , should be replaced by certificates of deposits with a remaining term to maturity of not less than twelve months or by assets in other permissible investment asset classes 存款证由《银行业条例》订明的认可机构发行的港元存款证。存款证在购买时须距离到期日不少于1 2个月(购买日期须在入境处原则上批准投资者参与计划之后。这类票据到期时，应换成距离到期日不少于1 2个月的存款证或其他获许投资资产类别的资产) 。
This chapter analyzes the internal and external factors for china " utilization of foreign capital on condition that a big surplus of capital exists and theories on foreign direct investment are no longer applied into china . the utilization of fdi is to improve efficiency of chinese investment and economic structure 这一章主要分析了我国利用外资的国内外因素，认为国外有关的外资利用理论不适合中国的实践，我国“非缺口”型外资利用主要用于提升我国投资资产的质量和经济结构调整。
Firstly the concepts , the sorts and the developmental course of securities investment fund are explained , which provides the theoretic foundation and logical starting point for the following research . then they are analyzed that the sorts of the conventional investment assets and its actions and features in assets combination of securities investment fund . then the combinational strategies of two conventional investment assets are respectively analyzed , every investment strategy are compared , and the methods to resolve the problems are put forward in the strategy 本论文首先阐述了证券投资基金的概念、分类及发展历程，为以后的讨论研究提供了理论依据和逻辑起点；接着，对证券投资基金的传统投资资产类别及其在资产组合中所起到的作用和表现的特征进行了分析研究；然后，分别对两种传统投资资产的组合策略进行了详细的研究探讨，并对每种投资策略进行了比较分析，对策略中存在的问题提出了自己的解决方案；最后对我国泰和证券投资基金进行了投资组合实例分析。
