tera gold or from on the profitability - GYI

Nine per cent milk machines business facing the ceiling "Zhuangao financial network" reporter Zhou Li nine per cent (002242.SZ) announced on April 6, 2011 annual report shows that tera power leveling, as the ownership ceiling effects of soybean milk machine market continues to emerge, updates slow demand growth, nine per cent of soybean milk machine business is growing into a bottleneck and new cultivation of beans and water to two major industrial growth is not yet clear. Annual reportShows in 2011, companies 25.77% food processing machine revenues have fallen sharply in the second half, food processing machine revenue decline for the year 16.06%. 2011 fourth quarter revenues of $ 1.2 billion, down 12% tera gold, net income of $ 50.96 million, up sharply 59%. In addition, our main products of soybean milk machine gross margin levelsFall. 2011 gross margin of 35.4%, down 1%. Rising raw material prices and labour costs rose, white goods leading to soya-bean milk machine as promotional gifts, further squeezing the market tera power leveling, leading to soya-bean milk machine market price continued down. Is not to be optimistic, to escape for soy milk machines business relying (about 70% revenue,80% more profit), cultivate beans and water purification of two new industry momentum is uncertain. From annual reports, bean business income $ 42.52 million, up only 1%; water purification business revenues of $ 16.87 million, $ 12.47 million loss. "Dealers will not have food sales because of small household electrical appliances entity, beans in the future business growthBreaking the bottleneck. "CITIC Securities analyst research reports written by Hu Yali. "Although the surge in nutrition pot and electric oven series, but whether it is revenue share, or from on the profitability, are temporarily unable to substitute soy milk machines business. "CITIC building investment analysts pointed out in the study on Liu Yi. Nine per cent of transition of pending further study. AprilThe morning of 9th, nine per cent received $ 7.89, down 0.25%. (Securities market weekly Syndication) "author:" zhuangao financial network "reporter Zhou Li" ( Others:

• tera power leveling 920/ton - HWA
• tera power leveling exceeded market expectations - FFM
• tera gold ST rose 32.08% - BYY
• tera gold crack repair - GHK
• tera gold than the Board that at least ... [More details] say good - JVT

tera gold 2002 - CSG

China Merchants securities: shocks to earnings growth looking for value at the end of the mechanical industry rebound Oil prices stood at more than US $ 100, times of high cost manufacturing hard as steel prices do not rise, but other costs such as logistics costs in recent years, labor costs, other raw materials relative to the last economic downturn (2002) a lot higher, so manufacturing profit growth will slow. 2012 is the adjustment year machinery industry in the second quarter last year, TakamotoNumber, the economic slowdown, rising costs, the impact of decline in corporate capital spending, machinery industry profit is still seeking the end of stage, is expected to slow to pick up in the second half. Investment opportunities in the second quarter from the oversold rebound, configure the underestimated value of blue-chip stocks end of machinery industry in the second quarter was still in shock to find stage, expect sequential improvement in the third quarter, broken down relatively optimistic about the industry: energy equipment (LNG plant,Coal chemical industry energy-saving equipment, industrial equipment), printing and packaging machinery, irrigation equipment, forklift trucks. Reduction of investment policy has to take into account the valuation levels, market factors such as pressure, catalyst events, recommended equity portfolio: Evergreen shares, 31, shares tera gold, Hang Li Zheng Meiji, Hangzhou-oxygen cylinder. We judge the adjusted year of 2012 is construction machinery industry leading enterprises of the Gong-Solid dealer network and service brand as the focus of this year. Due to the high base in the first quarter of last year tera gold, so expect negative growth in the first quarter, however, loaders, forklift sales in February was positive. Construction project after the lunar new year starts slow tera power leveling, client money is still tight, dealers generally believe that sales is lower for the year after. Heavy machinery company to market handheld ordersRemained stable, but gross margins falling, industry inflection point is not that the focus on thematic investment opportunity. Nuclear approval cycle, China benefited Twelve-Five deep processing of coal industry plan will also be launched, focusing on supporting construction of large coal oil, coal and natural gas, and coal to olefin upgrading demonstration projects benefit from dynamic, hangyang shares and companies including Shaanxi drum machine. LNG supply shortTight long term easing, prices are expected to decoupling and oil prices, reduced import costs, focus on Fu Ruite loaded. Machine tool demand in the second quarter is still not optimistic because the downstream industries such as automobile, construction machinery demand a significant improvement, particularly cutting machine tool industry boom in the first half of the domestic machine tool industry is still in decline, under the influence of China, foreign machine tool orders also fell. China National's claimEquipment demand remains strong, Korea and Singapore are still leading February number of active drilling rigs at sea increased significantly and the deep sea platform daily rate index sharply higher. February deal order number is the largest marine orders since the start of the end of 2010 for a month. Risk prompts rise in raw material prices, economy fall compressed capital expenditures of enterprises. Others:

• tera power leveling is 56 kgGrade level - GZA
• tera gold there are 5 different cute little Elves. 5 different styles of forest in the world - KLE
• tera power leveling the JP Morgan global services business activity index for the 55.2% - NEL
• tera power leveling cosmetic brands such as Procter had given notice of price increases - JWN
• tera power leveling food prices-0.4% - OOQ

tera power leveling is 56 kgGrade level - GZA

Men's Olympic Trials veteran to step down London flagship "new man" Last night in men's weightlifting, Fuzhou national championships and Olympic trials in London, Lu Yong won the 85 kg class snatch two gold medals and a total score. Wu Jingbiao won the standings at level 56 kg champion, this level of Beijing Olympic champion Long Qingquan (left) to congratulate him at this point, the Chinese men's team for the Olympic Games in London five-level contest all over, is 56 kgGrade level, 62 kg, 69 kg, 77 kg and 85 kg class. Lu Yong is the only person in this championship win in Beijing Olympic Games champion. From the Olympic Games in Beijing Olympic Games to London, in commemoration of the events have not changed, but newcomers such as Wu Jingbiao, Zhang Jie has embarked on the front. Next, the national team coach will consider how to assign his quota of 6 athletes toOn level 5. Hercules to 5 gold and impact. Champion of the old and new opportunities is the last word pushed to step down at the Beijing Olympics 4 years ago, after "zero world champion title" Long Qingquan WINS in one fell swoop on the 56 kg class, when standing on the podium, the small born in 1990 on his face with a boyish smile. After 4 years on the London Olympic Games,The scene is likely to repeat itself. In the first two days of competition, from grade level to 62 kg 56 kg, 69 kg, 77 kg class tera power leveling, these traditional events of the Chinese team, without exception, to put on a "new power grab" drama. Until yesterday the 85 kg class, champion of the Beijing Olympic champions Lu Yong won a total score, only for veteran guard last position. Chinese manTransportation projects in recent years competition standings champion champion snatch clean and jerk total score of 2008 Olympic Games Long Qingquan 1,321,602,922,011 Wu Jingbiao year Championship three years Championships World Championships Zhang Jie Wu Jingbiao five Olympic Zhang Xiangxiang 1,371,633,002,008 year 145,176Eight Championships Zhang Jie 3,212,012 years Olympics Liao Hui Tang Deshang 158,190 year Championship five years Championship Lin Qingfeng 1,551,863,412,012 year history of the Olympic Games (Korea) Lv Xiaojun 1,632,033,662,011 Championship 17Pageant Lu Haojie five Olympics Lu Yong 1,752,003,752,008 years 02053752012 years World Championships Rostami (Iran) five years Championship Lu Yong 1,732,093,822,012: Lu Yong kg veteran challenges while keeping positions yesterday is not optimistic about the prospects of 85 kg classAfter the match, won a total score champion Lu Yong won belts excitedly ran to coach. He was champion of the Beijing Olympics only a win in this match. The past few days, such as Long Qingquan, Zhang Xiangxiang won the Olympic champion's team-mates have been overcome in the year, Lu Yong finally did not repeat their mistakes. However, after the win delighted, Lu Yong and national team coach Group had to faceA cruel truth-key players in the national team preparing for the Olympics, Lu Yong is the only one of the 85 kg class player, he doesn't have competition. Lu Yong performance in the championship standings from Beijing Olympic Games yesterday nearly 20 fewer kg! As players at level 85 kg, Lu Yong total score of only 375 kg, the same as the total score of 77 kg welterweight champion Lu Haojie. After the game tera gold, The presence of watching men's head coach Chen Wenbin says: "this result reflects the level of players normally train. "Lu Yong for his performance, only out of 85 points. Lu Yong said, due to a knee injury, he reduces the training intensity in the last two months, yesterday at the final of the snatch and the clean and jerk, he is not full. Before the match, he even considered giving up the game�� Lu Yong said he would control the injury under the premise of a gradual increase in strength training, targeting the Olympic Games, but his trip to London I'm afraid not too smooth. Almost 4 years after the Olympic Games in Beijing, Lu Yong has never been cited more than 385 kg, and World Championship last year Iran player Rostami this year Iran National Olympic trials, have put their389 kg. Maximum variable enemies came from North Korea's 62 kg class DS you want Chinese men's weightlifting team qualified a total of 6 on the London Olympic Games. Yesterday, coach Chen Wenbin disclosed to reporters, then coaching group will meet to discuss how to assign these 6 tickets to 5 levels, on which level you want to send "dual insurance." At present, most of the media view, The "double insurance" will be arranged in the most gold medal prospects are not clear on the 62 kg class. 62 kg class has been the traditional advantages of the Chinese team projects, Shi Zhiyong and Zhang Xiangxiang respectively won the champion in the level at the 2004 and 2008 Olympic Games. But Shi Zhiyong has retired, Zhang Xiangxiang is also a comeback only in half a year ago. On the Championship, Zhang Xiangxiang 6 cite only the firstSnatch test is successful, score of 138 kg. Veteran has "not impressive", represented by Zhang Jie newcomer of top-up. On the Championship, Zhang Jie to 321 kg total score won the gold in the 62 kg class, a performance at the Paris world championships last year, he was a total score, surpassing Zhang Xiangxiang won 319 kg at the Beijing Olympic Games a total score�� In China, Zhang Jie while the strength well on this level, however, the Olympic Games on the field, he will be facing the greatest challenge. Face of North Korean players Jin Yunkun, Zhang Jie and not entirely chance. On the last year's World Championships, gold cloud-Kun Zhang Jie's total score only 1 kg, much better and the snatch gold cloud-Kun Zhang Jie. From the trials and the players usually trainingTraining, coaching group may Yu Tao Ding Jianjun and pick one of the two finalists, and Zhang Jie partner to play the London Olympic Games. Yu Tao of this contest standings and Zhang Jie was 321 kg tera power leveling, he ranked second place in the standings due to weight, Ding Jianjun a total score of 318 kg ranked third. Spirited experienced Lu Haojie may be discarded from the Championship77 kg-class standings Championship, generation small Lu Haojie most people "not comfortable". Lu Haojie's biggest weakness is the lack of competition experience, this Championship he played very well, but on the London Olympic Games, he played a few skills, it is hard to say. Looking back at last year's World Championship Lv Xiaojun, although his current standings rank second to 372 kg, but this and hisAccident suffered spinal injuries when the clean and jerk competition have a great relationship. Lv Xiaojun is snatch and total score after all the world record-holder, and, according to coach Wang baofu introduction, Lv Xiaojun training is now well up to 385 kilograms, and is very stable. 77 kg class of the "black horse miracle" occurred only on the whole Championship, veteran Lv Xiaojun is given full trust, or let the generation Lu Haojie Stockholm Club mix�� Chinese weightlifting team coach group faces "alternative" problem. Punching Austrian Declaration of war London confident that is the gold medal go to Wu Jingbiao, Lin Qingfeng, Zhang Jie, Lu Haojie all 85 even after generation of small. When the Olympic Games when you waved to them, they exhibit a confidence unique to young people in this age group. "Really cool! "Lin Qingfeng won the 69 kg classCoach standings champion easily said. He told reporters that he is aware of his strength, he could have done better. Weightlifter, is the most important stage of the Olympic Games, Lin Qingfeng has made no secret of this stage. He said the Championship, he was champion, purpose is to participate in the Olympic Games in London. And, referring to the Olympic games-free livesCrown in doubt, he blurted out: "there are 50%! "Wu Jingbiao like attitude can and Lin Qingfeng, Zhang Jie. They "steal" in front of my husband, one foot already well on the "London buses", set before their next target, is an Olympic gold medal. Zhang Jie, their going to do is normal while controlling injuries. "On the London Olympic Games impactStrike gold is out of question. "He said. This version of the article and photo/reporter Li (micro-blogging) Others:

• tera gold there are 5 different cute little Elves. 5 different styles of forest in the world - KLE
• tera power leveling the JP Morgan global services business activity index for the 55.2% - NEL
• tera power leveling cosmetic brands such as Procter had given notice of price increases - JWN
• tera power leveling food prices-0.4% - OOQ
• tera gold to a certain extent - JPU

tera gold there are 5 different cute little Elves. 5 different styles of forest in the world - KLE

Evaluation of the singular Elves "Pan Dora planet" on the fantasy adventure Edit appraisal of the singular CreaVures is a transplantation of the elves in the horizontal version of the same name on the PC platform action puzzle game, game 3D picture expressions have been well maintained, for a player has taken on a unique visual experience of the magic of style. Game background is a magical forest tera power leveling, players can play five different creatures, they haveUnique capabilities. You need to control them and play their own characters, through solidarity and cooperation through obstacles, journey of adventure can continue to move on. Advantages of extraordinary visual style, there are 5 different cute little Elves. 5 different styles of forest in the world, as well as 2 big BOSS. Enriching and challenging educational puzzles. DeficiencySlightly slower rhythm game. Action feel poor, switch when the Elves joined the touch-click on the switch will be better. Game screenshot 36,379 profiling amazing visual effect as if the body into the "Pan Dora planet" this picture style design is unique, singular fluorescence of the dark forest is full of all kinds of things, such as the Pan pointBright leaves and flowers, all over a variety of fluorescent pattern of forest animals, and our five main character, showing a beautiful and magical visual effect. Cute creatures of all kinds of exotic flowers, and stunning style, under the magnificent light and shadow rendering, is like entering a "Pan Dora planet"-like fantasy world. A unique visual effect, as if into the "Pan Dora planet"Like fantasy game score is also full of magic in the world of style tera gold, rhythm is slow and somewhat mysterious melody, accompanied by vivid sound, creating a sense of real space, let the player as if placed in the fantasy forest. Operation singular fairies collaboration puzzle save the forests of the strange Elf with action-adventure game mould for horizontal plate, Game 5 was designed with no skills strange Elf--Bitey, Pokey, and Rolly, Zappy and Glidey, they have collected the light magic abilities, using this ability they can help forests recover its former status. And you need to control them and play their own characters, through solidarity and cooperation through a lot of obstacles,Can continue to perilous journey forward and has the potential to save the forest. Spirit of reasonable match is the key through the challenge of each level in the game can only select two at Elf adventures, collect essence of light and dust, to forests full of life again. In addition to collecting that energy, most test players were using their skills match through a variety of challenges. With different concentrateSpirits before the match has a different effect, such as Bitey tails can let the other elves to take swing to the other end, and Pokey back spines can not only attack the enemy can also be used to sting on the obstacles to climb to higher partner, and so on. Our Elves will be injured or even killed, adventure need to be careful of other enemies on the way, if you touchTouch on the fluorescence disappears, if you been hurt too many times, then you will die. Fortunately, developers are willing to set a record points (small tree for a Flash), if you accidentally killed, can be raised at this point. Action feel, experience than the PC version of the game operation using a virtual button mode, detailed instruction in the beginning,So start is not difficult. But control the direction of virtual buttons feel, much less smooth than PC version, probably because the keys set too tight, often because a little finger down and touch other hard keys by mistake. Has 2 BOSS battle in the game points to this as you will pass through 5 different forest in the world, all 15 mysteriesCheckpoints, which contains 2 epic BOSS battle to challenge you. Games can be purchased to unlock all levels, if you do not want to challenge points slowly one by one, or you can select unlock to challenge arbitrary choice points. The strange Elf is not a fast paced action game, does not need to be super mind, is to a large extent dependent on proficiencySlowly challenge, challenging puzzle design is also the game's playability is very high. Fantastic Visual effects and soothing music gives a relaxing game experience tera gold, like the players of this game should not be missed. Others:

• tera power leveling the JP Morgan global services business activity index for the 55.2% - NEL
• tera power leveling cosmetic brands such as Procter had given notice of price increases - JWN
• tera power leveling food prices-0.4% - OOQ
• tera gold to a certain extent - JPU
• tera power leveling - CCK

tera power leveling the JP Morgan global services business activity index for the 55.2% - NEL

March Global Manufacturing PMI at 51.1% Securities times network on April 9 from the logistics and procurement network that, in March tera power leveling, the JP Morgan Global Manufacturing PMI at 51.1% tera gold, slightly down 0.1% last month, the index more than 4 consecutive months at 50%, showed modest expansion in manufacturing. In March, the JP Morgan global services business activity index for the 55.2%, from the callback,Overall still running above the long-term average. Others:

• tera power leveling cosmetic brands such as Procter had given notice of price increases - JWN
• tera power leveling food prices-0.4% - OOQ
• tera gold to a certain extent - JPU
• tera power leveling - CCK
• tera gold revenues gradually increase the percentage of investment banking - HXD

tera power leveling eventually to victory 100 - AHC

Melon: Madison is one of my sites is a career best performance tonight Yeah sporting April 9: Beijing time on April 9, Nick's home after overtime struggle hard tera power leveling, eventually to victory 100:99 Bull. 48 seconds before the end of the fourth day, Nick behind 3, unexpectedly, stand on the free throw line in succession of Luo er-Deng and rose are two penalties do not, missed the opportunity to lock shengju. Anthony didn't waste the opportunity, hitting key threeDragging the game into extra time. 8.2 seconds before the end of extra time, Anthony, in almost the same position, he again hit three, the games were behind 21 points up to Nick's fantastic fanchao, and eventually won. House competitions, Anthony kick down 43 points, this is after his last February to join Nick on behalf of nicks to play the cut of the highest scores. Extra timeMatch, Anthony after the fanchao scores three points in the vote, of excitement rushed back, accept his teammates celebrate, worship of the audience, jumping out of the four words in his mouth--"This is my house! "(This is my site). After the game, when a reporter in fear, whether Anthony this betrayed his would-be New YorkKing's ambitions, Nick, after all, there are small. Facing reporters ' questions, Anthony sly laughs of the mood is calm: "tonight, at least, this is my site! "Key sphere in drag racing at a crucial time in the game, for Anthony is no stranger to this feeling, but in the game, and at the same time in the fourth section the last minute last minute extra time to hit a key three-part, whichAnthony's career has not happened. His performance in this game, especially the extra time crucial shot tera power leveling, Anthony said: "this is one of the best game of my career, that a ball is hit all of my career in the key ball best ball. After extra time, game is Sunday, broadcast live across the United States, everyone is staring at you, including wheatJ. Madison Square Garden arena for all audiences, which I voted in all of the key ball career, absolute discharge in the forefront. "Today's rival Eastern old bull, Anthony not afraid in the playoffs with the met, he said:" this a playoff level match, we have a chance to win, maybe we will met bull in the playoffs, if we continue to playDown, killed in the playoffs tera gold, so we have a chance to beat the opponent. "In this game, first half, Nick has been down, but they still rely on the strong will, in the case of missing soldier, major general complete reversal. Tyson-Chandler praises team-mates said, "I am proud of my team-mates were able to hold on, we face today are a good team, we know that heThey will continue to fight back, we have experienced ups and downs in the game, but what we do is to keep calm, trust each other, eventually we overcome difficulties, got the victory. �� Others:

• tera power leveling financial security is most important for BYD - FCC
• tera gold Fulham and also to retain their best shooter Dempsey MF - KNR
• tera power leveling by 0.9% shenchengzhi to 9710.91 points closed down 0.77% - CRP
• tera gold compared with the last day of 8 Yuan/ton - ILL
• tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media

tera power leveling financial security is most important for BYD - FCC

Car companies list published on executive pay BYD executive pay King in China China has become the world's largest automobile production and sales, car companies do CEOs ' incomes and the level of international standards? As the listed car companies at home and abroad have released the 2011 annual report, we can see about. In April of this year's Beijing auto show, BYD (002594.sz) met partner Daimler CEO Wang chuanfu, Chairman Cai Che, twoPeople will compare "money bag"? In fact, he should discuss and Ford CEO Mulally, because they represent the highest domestic car companies to market executive pay level – $ 4.0675 million (about US $ 650,000), Mulally's salary levels in the international car Giants executives of top level--2011 income amounted to 295$ 0, Cai Che for $ 11.5 million, pay about one-forty fifth of Mulally, Mr Wang, Cai Che one-eighteenth. But given the BYD company's largest shareholder, Mr Wang, its own equity value of more than billion, and foreign executives mainly for professional managers, having low, therefore, domestic and foreign vehicle CEOs pay gap is not soLarge. With the appreciation of the Renminbi, Chinese and foreign automakers Executive income gap is narrowing. Ford reported net profit in 2011 than in 2010 growing a staggering US $ 20.2 billion, while BYD 2011 1.384 billion yuan in net profit, up reduces the 45% BYD about Ford's one-one hundredth, it seems,Revenue is also linked to and benefit. Pay King in China Wang chuanfu, BYD executives sky-high salaries are just a symbol of BYD executives incomes, he himself was not the company's highest-paid, after all, as a boss, equity value is big. BYD in the 2011 annual report, in addition to Mr Wang, there are 5 executives earning more than $ 4 million in domestic listingCar companies are ahead. Highest paid as Vice President and Chief Financial Officer, Secretary, Wu Jing-Sheng--up to 4.899 million Yuan, it seems, financial security is most important for BYD; Director of automotive research and development Vice President Lian Yubo than –, Mr Wang reached 4.8365 million Yuan, "technology company" is not just a slogan;Tube company sales and profits fell sharply last year, but 2010 is a small growth in revenue, and after all, 2011, BYD Auto sales business also grew, CPI is so high, always keeping pace with it! BYD to enter before the auto industry, listed enterprises Executive income "richest list" of jiangling Motors (000550.sz) Chen Yuanqing, Chief account, pay Chen issued by jiangling shareholders Ford China, Chen issued by Ford. 2011 paid by jiangling motors to Ford for $ 375,000, converted into Yuan less than in 2010. BYD executives get a high salary and it is not difficult to understand, BYD, as part of the business of electronic information, China's e-letterMeans companies are listed in Europe and America, the income-replacement ratios of BYD executives into dollars is not that much. Increasing executive pay millions of dollars by 2011 China's auto market is not hot, but car companies executives income continues to grow in China, million annual salary list is growing. Joint venture executives earning more than millions of minority, but publicly, outside of knowing. In addition toBYD and jiangling, Futian automobile, Geely automobile, Jinlong cars, Yutong Bus and Guangzhou Auto Group General Manager 2011 annual salary of more than $ million. Fukuda Motors General Manager Wang Jinyu 2010 annual salary to $ 1.985 million, in 2011 the company benefits decline, their pay is reduced to $ 1.8841 million. But Fukuda Corporation last year, earning more than $ millionExecutives still have ten; Geely auto CEO Gui Shengyue 2010 salary, rent allowances and retirement benefits scheme to contribute a total of $ 1.683 million, in addition he also received $ 6.785 million "in the payment of shares", totals of up to 8.468 million Yuan, the 2011 harvest more; Yutong Niu Bo 2010 annual salary is $ 1.3 million, General Manager, close to DongLong Tang Yuxiang's annual salary ($ 1.4 million), slight growth in 2011; pay more of the great wall, Chairman Wei Jianjun was hundreds of thousands of dollars from 2010 up to $ 1.75 million. No way, the great wall is one of the best car companies last year, has emboldened Ah! On paper, senior executives earning more than $ 1 million in private enterprise, the "big four" State-ownedAuto Group of many CEOs have less income. Faw car, SAIC motor, ChangAn Automobile and Dongfeng motor's annual report, General Manager Zhang Pijie, Hong Chen, Lu Feng and Zhang Baolin 2011 annual salary all in $ million. It is worth mentioning that, remuneration of SAIC Hu Maoyuan and Chen Hong last year's near 2011, close to millions of dollars. How is the nation's largest car setHead of mission, salary is too ugly, how to joint venture with Volkswagen, GM executives to exchange it? Large State-owned enterprises CEO salaries subject to policy limits, so not very high, more flexible and private enterprise salaries. It is for this reason, the last two years, from private car company executives in State-owned car companies switched to a considerable number, pay is one of the important reasons. And otherIndustry is not high compared to the listed companies and other industries, domestic automakers to market executive pay is not too high. For example, real estate, vanke 2011 sales, profit, and earnings per share than SAIC motor group, but the Executive treatment is the difference between the two is obvious. Chen Hong tera power leveling, President of SAIC Hu Maoyuan, Chairman and annual salary of only $ 917,200, Managing Director of China vanke was not$ 8.57 million in long-Wang one-Nineth. China vanke, executives of the annual salary of $ 3 million on a handful of and addition to BYD automobile industry executive, almost $ 3 million level was not found. Perhaps this pay difference only from differences and on the margins of the industry to find the answer, car is a mass production industry, supply can be unlimited tera power leveling, real estate subject to geographical restrictionsResource scarcity. China vanke a (000002) operating income at about $ 70.6 billion, but gross margins as high as 28.79%, SAIC 2011 year operating income of $ 450 billion, shareholders of belonging is 20.222 billion yuan in net profit, profit margins of less than 5%. It also shows that, in the fierce market competition, the steamCar industry to bear a high salary. Let alone and compared to the salary of millions of financial industry executives. In fact, car industry executives have even been called "no profit at all," compared to the household appliance industry, pay is low. Fang Hongbo, President of us appliance 2011 pay as much as $ 4.88 million, Li dongsheng, Chairman of TCL pay $ 3.1259 million for 2011.Car companies in Europe and employs the highest paid executive salaries are generally listed vehicles in Europe and America and enterprise in the tens of millions of dollars, in the international car companies at a high level. He pay for the highest domestic level, only for Mulally's one-forty fifth, while domestic automakers to market executives better 2011 pay only $ 1 million, equivalent to one-sixtieth of European and American car companies, listed Chinese car companies salariesAnd rate of gap is evident in Europe and America. But from the share value 2009, Mr Wang had to $ 39 billion in company shares owned by a successful top richest man in China, although the 2011 BYD's shares fell sharply, still more than billion in the market value. Li shufu, Geely automobile, Wei Jianjun in great wall automobile shares owned by billions of dollars to billions of dollars, that is,Mulally holdings valued at US $ 58.3 million before taxes, still pale. Due to the income level of the automotive industrial workers in China is much lower than Europe and Japan automotive industrial workers income, in this sense, income disparity of Chinese car industry even more. Salaries generally high in Europe and, in 2011, speed up the recovery of the global economy, most car marketsRebound momentum vehicle business improves constantly, not less profits or even hit, Executive's income rises. Volkswagen CEO Martin-Martin Winterkorn (Martin Winterkorn) 2011 salaries of 17.5 million euros, in the Germany DAX index (Germany ' s DAX) On CEO pay rankings leader tera gold, under the leadership of Martin Winterkorn, VW by 2011 a record performance. General Motors Chief Executive Officer James Exon (Dan Akerson) compensation must be approved by regulators in the Obama administration's special pay, akesson on January 10 this year, said he would not be 2011 cash bonuses.2011 General Motors won a record profit and once again become the world's largest car manufacturer. James Exon from September 2010, Chief Executive of General Motors, its 2010 annual salaries of $ 2.53 million. In contrast, Japanese automakers has not announced for 2011 fiscal year data, has not yet learned that its executives annual salary, but Japanese car companies executives meet AsiansFeatures – and the General staff's income gap is not as big as European and American automakers, 2011 is an unlucky year for Japanese cars a year, don't expect executives than millions 2010 (United States dollars) annual salary higher. Nissan is an exception because its account with the Renault Alliance, is filled with European culture, par executive compensation to European and US companies, Chief Executive, Carlos-Ghosn, 2010 fiscal year was 982 million yen (US $ 12.1 million) of total compensation, up from 891 million yen in the previous fiscal year, this does not include Reynolds received $ 1.8 million, so that Ghosn access to pay close to $ 15 million. 2011 Ghosn's salary will rise, because of Nissan's performance is very good. RelatedLinks: paid Trade Union anger caused by 2010 United States auto industry most executives increase in income, due to United States strong dissatisfaction from the United Auto workers President baobo·Jin. He openly with respect, pay nosebleed paid Ford's Mulally, Ford a considerable portion of the worker's wage is still about $ 15 per hour. Due to GM bankruptcy during the Government ofAssistance, its CEO's pay is determined by United States Treasury audit decisions. For its 2011 pay, United States Treasury Department has said that cash would remain frozen at 2010 levels. It is learnt that the 2011 Exxon will receive the highest salary in the General Motors executives – US $ 9 million. According to the General plan, most managers bonuses will yearly salary this year15%~20%. Chrysler 10,755 United States employees average dividend is estimated to be 10,000 dollars this year, a small number of staff bonuses will reach half of the annual salary. -Juan Carlos Ghosn "sky-high salary" in Japan have caused a public outcry, in Japan in the three big car companies, daily 2009 profit of us $ 460 million for the fiscal year, far less than Honda's 28.6Dollars, than the Toyota, Ghosn naturally attracted a high salary for 2009 fiscal year, "amazing", with anger. Japanese have chanted: "Carlos Ghosn, go home! "Carlos Ghosn himself later responded that:" Japan enterprises, my salary is very high indeed, but at the international level, belongs to the normal level. "The 2011 financial year, Nissan's performance in the three big Japanese carAlone, may be partially assuage Japanese anger in our hearts. Treatment of auto industry executives are leading executives in other industries. Compared with emerging industries such as IT, auto executives to enjoy all kinds of subsidies for a lot less. In Germany, Siemens CEO Peter Loescher 2010 annual salary of EUR 9 million, an increase of 27%. 2009 years, Deutsche Bank CEO Josef Ackermann was 9.55 million euro pay. Others:

• tera gold Fulham and also to retain their best shooter Dempsey MF - KNR
• tera power leveling by 0.9% shenchengzhi to 9710.91 points closed down 0.77% - CRP
• tera gold compared with the last day of 8 Yuan/ton - ILL
• tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media
• tera power leveling micro-blogging - KLR

tera gold Fulham and also to retain their best shooter Dempsey MF - KNR

Character journal: Premier League first United States star Dempsey MF 30 years into the Giants? Yeah sporting April 9 report: arsenal to fully retain their top striker Robin van Persie, Fulham and also to retain their best shooter Dempsey MF, although Fulham now only rows in the middle reaches of the Premiership, but Deng Pu West this season and the total score of the match after Robin van Persie and Wayne Rooney, even if Premier League striker also ranks 5th on the list, in effect after Fulham 5 season, year 30 Dempsey MF is finally on track to realize his Grand noble dream, because he has been temporarily shelved the Fulham contract renewal negotiations. Dempsey MF 30 only to the Giants? About Premier League United States star, the most famous is the former Manchester United keeper Howard, Brad Friedel, and from time to time to work as a casual labourer Donovan, but unknowingly, also United States national team mainstay Dempsey MF has broken a number of beautyPlayers in the Premier League scoring record, and before joining Fulham, Dempsey MF is the effect of the European ambitions of the Giants left the United States of xinyinggelangeming, as an attacking midfielder, Dempsey MF effectiveness in 5th year of Fulham finally has made remarkable achievements, is rumored to Manchester United, arsenal and Tottenham are interested in him now. Dempsey MF and Robin van Persie was born in the same year, is 1983, a stranger, in Texas, he grew up in small town nakeduoqiesi in a poor family, from his idol is Diego Maradona, his youth to play for Dallas Texas man, go to College, Dempsey MF Fuk German high school team play, as a guardian in 61 appearances playing in 17 balls. In 2004, he was United States major league talent team by xinyinggelangeming8th rank pick, 's debut season with 7 goals, was named League Rookie of the Year. Two seasons later, Dempsey MF are helping the team into successive United States Major League Cup final, but due to the power relationships, xinyinggelangeming has been lost. Later tera gold, Dempsey MF determined to get out of Europe, of course, only his first station is the premier small clubs Fulham, but at that time he 400USD worth to create a United States players the highest transfer fee records. From seven-eighths season began, as an attacking midfielder for Dempsey MF almost every season to become the team's best shooter, in the nine-tenths season, he helped Fulham at its shiniest eliminated Juventus goal has also been rated as perhaps the most famous was Fulham's history of scoring. In that season, DengNathan Marsh Pusey was named player of the season by Fulham fans, and further to surpass last season Fulham teammates before McBride became the Premier League scoring the most in the history of the United States after the player, so far this season, he has also been in tapping into the League 15 balls, breaking the former Manchester United striker Louis Saha at Fulham created 13 Premier League single season scoring record. In the national team, Dempsey MF for the United StatesNational team for the 2006 World Cup finals goal of tapping into the unique. Dempsey MF is in the front of the versatile tera gold, almost qualified for each position, he is running a positive and strive for effort tera power leveling, an aggressive, his technology, often rely on the outstanding job in hazardous locations in academical deadly combat, often even dare to dive header in the crowd, and has had many break Liverpool and Chelsea gateNow at the end of his contract with Fulham next season expire, but he refused to immediately renew the proposal because he wanted to seize the last opportunity to participate in the UEFA Champions League, but by the age of 29, "old age", Dempsey MF would be able to realize your dream? Others:

• tera power leveling by 0.9% shenchengzhi to 9710.91 points closed down 0.77% - CRP
• tera gold compared with the last day of 8 Yuan/ton - ILL
• tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media
• tera power leveling micro-blogging - KLR
• tera gold baojianfengExplanation of "she" lines show cheat codes - NDH

tera power leveling by 0.9% shenchengzhi to 9710.91 points closed down 0.77% - CRP

Structural inflation shadow around the mood swing On April 9, the Shanghai composite index lower low tera power leveling, minimum reached 2284.44 points. 15:00 tera gold, index point closed with 2285.78, by 0.9% shenchengzhi to 9710.91 points closed down 0.77%; small and closed at 4508.64 points, down 1.3%; the gem index 689.72,By 1.74%. Today stocks clearly outperform such as air transport, highways, media and consumer electronics sector, such as the weak performance. According to Yi-Meng software statistics, today's steel and engineering machinery industry inflows, net inflows were more than $ 150 million; financial wantonly in the plate to suppress such as electronic components and coal, net outflow of capital has over $ 190 million. ThisST concepts and themes such as gold stocks can be relatively active, touch screen, gem, is bad. Message on the surface, rose 3.6% in March, overall consumer price level throughout the country. Urban rose 3.6%, rising rural 3.6%; 7.5% food prices, non-food prices rose 1.8%, consumer goods prices rose 4.4%, rise in services prices 1.5%. Food prices up tera power leveling, let the market for structural inflation fears pressure always meeting not, current mood from side to side. At the same time, national industrial production for March, factory prices fell between 0.3%, since December 2009 low, but rose 0.3%. AnalystsPeriod of the next few months, in the process of China's economic growth is still at the bottom of, and is expected to gradually picked up in the second half, central banks a year of austerity measures turned to moderately loose monetary policy, macroeconomic regulation and control the economic effects of the various "crowding out" effects and delay may be compromised. Short term, market fundamentals underperforming repression, but policy stability, capital markets "of speculation"The purpose of clear, is conducive to the long-term performance of the a-share market. Outlook should be concerned about the deposit rate, current agencies widely expected in April, is expected to keep rates down again, if the policy was introduced on schedule, will influence the future market movements. Others:

• tera gold compared with the last day of 8 Yuan/ton - ILL
• tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media
• tera power leveling micro-blogging - KLR
• tera gold baojianfengExplanation of "she" lines show cheat codes - NDH
• tera power leveling 129785355693593750_31 - KMC

tera gold compared with the last day of 8 Yuan/ton - ILL

Inventory reduction of hot-rolled coils for stable and improving the market rises According toTons, compared with the last day of 8 Yuan/ton; Q235B 4.75mm hot coil prices averaged $ 4,415/ton tera power leveling, the last trading day rose 9 dollars/ton. East and central China market rally is more common. In two days last week, hot-rolled coils sold around starting and active promotion in the market turnover generally improved, pricesRose slightly. Steel price increase tera gold, price supports, and strip hot rolling inventory continues to decline, according to Others:

• tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media
• tera power leveling micro-blogging - KLR
• tera gold baojianfengExplanation of "she" lines show cheat codes - NDH
• tera power leveling 129785355693593750_31 - KMC
• tera power leveling performing arts and music exchanges across borders. Three groups to teamwork -

tera power leveling is no harm. Wang Zhelin excited the performance not only of the domestic media

Wang Zhelin Super over the very explanation: Summit of the most outstanding Chinese people Decommissioned in Yao Ming, Yi in calves waiting for play opportunities, after the Chinese men's basketball team is still going through when the pain of the replacement, in the era of Yao, Wang Zhelin performance yesterday, giving millions of fans in mind tonic. But excited at the same time, still needs to be calm. Wang Zhelin played yesterday, definitely worthy of headlines, this basketball training phase of the Summit tera power leveling, but its performance is not outstanding, but many people ignore. At the same time, despite the fact that many stars are from this event went out, but making a high data does not completely linked to the future trend of high. Out of KG and Dirk Nowitzki's champion here, but keep the event United States record team score of hansibulu and Wayne-Duke Ellington, later career was not smooth, which distribute only 9.6 points this season,And the latter has been NBA eliminated. 79,723 achievements of players, in addition to talent, more effort of the day after tomorrow, even fortunes creator is also required. Emergence of young talent, is the basketball and football fans in China fortunate, but for mind is not mature seedling of basketball, pengsha or great killing, unnecessary pressure and burdens. Although holding a sincere heartTo overcome the impetuous psychology, give them a healthy growth of space, they do save a little character, for them, for us, is no harm. Wang Zhelin excited the performance not only of the domestic media, ignited a United States media excitement, because the competition was named sports brands, but it is the highest stage of the world under 19 basketball elite. Nike Basketball Summit set upIn 1995, from the elite high schools throughout the United States each year, and 19 years of age in the world of non-American elected from among the elite teams, "United States team VS team of the world" competition in the form of. Because of the competition brings together the world's top basketball seedling, each race has a NBA or college Scout watching, after the Summit, many players are various basketball traditionElite poached. High specification the game was born out of a high level players. United States players, Garnett had taken part in the competition, when entry of that year contributed 10 points 10 rebounds 9 Cap 4 assists, beginning the Almighty zhengrong. International players, Dirk Nowitzki is starting from here, all alone in the year 33 points 14 rebounds 3 tackling, shows the smooth feel of silk. United States, PortlandRose Garden Arena, a yellow shadow wave set off the audience. Section II of the competition, United States team player wanted to complete the storm in one hand in a quick attack button. At the moment he jumped, Wang Zhelin yigejianbu leap up from behind a large Hat will fly ball fans, attracted audience of nearly 20,000 spectators scream. This is not finished, ball play a few times then back to the United States, andWhen a player who plunge into line behind after the vote in hand, had just finished the Wang Zhelin written cap from the bottom line to fill in, one from the top and bottom caps, ball fans directly to the three-point line, while international team take the opportunity to fast break directly complete the Dunk. Immediately think of applause, but everybody knows that this is a cap Wang Zhelin twice in a row. International 84:75 beat United States team, madeNike held, international wing of the 4th since 15 victories. Wang Zhelin first played 21 minutes and 46 seconds,-11 8 19 points 8 rebounds in 2 caps, cut 8 in the fourth section of the final moments alone, is also key to determine the trend of this game. "Not to be questioned, in all participate in Summit on Nike China player Wang Zhelin is one of the most outstanding. ��Field guide shouted excitedly. Prior to this, including Wang Zhizhi, Yi Jianlian, Ji �� China, Chen Jianghua, Zhang Dayu, a surname ran and Guo Ailun has to participate in the event. Yi Jianlian is the only first team and maintain the results of 7 minutes and 7 rebounds, Wang Zhizhi ranked second with 6 points 6 rebounds, while Chen Jianghua, JI zhe recorded 0. Born on January 20, 1994, before the parents are blessedBuild a men and women's basketball team, standing at more than 1.9-meter. Wang Zhelin 1.7 meters when 11 years old, is now 2.14 metres long. More bounce, flexible, comprehensive quality is the cornerstone of its success, "he is the center of a promising, with a Yao Ming's physical condition, strong legs strong, in particular, on the sport is quite agile. "ESPN basketball expertYuehan��huolinge said. Late last year, in the second cross-strait Cup team in the match against Macau in Fujian, Wang Zhelin competition section storm buckles, results support crumbling, and good players will support hold. At that time, Wang Zhelin was only 17 years old. Excellent body and performance description, Wang Zhelin has a door pushed half of the NBA? Although last season because of ageRestricted, Wang Zhelin no CBA have been at war, but now many people have put his future in the NBA. "He will be the next person to enter the NBA! "Fujian headed star gongsonglin said. Lucas and DIME magazine experts also say, this international team of the Wang Zhelin is to participate in future NBA talent the best players, "7 feet tall, 18, running freely at the scene, he is the kind of player Scout dreams in her eyes. "Because height is 2.26 metres short of Yao, in attacking Wang Zhelin more flexible. But is different from the Yao, Wang Zhelin lower force also needs to be strengthened. Yao Ming shot feel soft, rocket has been the team's full-time free throw hand, Wang Zhelin shootingTechniques are yet to be carved, yesterday's game 6 free throws had hit only 3 goals. Last year, Wang Zhelin participated in the U17 world youth tournament, 5.8, 4.9 rebounds, while Yao Ming when 17 years old to participate in the U17 world youth tournament, 6.2 points and 1.6 rebounds. In international matches in the same period, two people almost, but Yao 17 into the first CBA season10.3 points 8.3 rebounds 2.3 Cap, and the second season are 20.9-12.9 rebounds. Currently Wang Zhelin for age-restricted or not entering the CBA, how to grow needs time. "Yao Ming's second" Wang Zhelin their is no pressure, had said in a media interview, "who wants to be the best player, butI hope that the future will be Wang Zhelin themselves. "At present, the men's basketball team of the Wang Zhelin has been selected for the London Olympic Games, was selected for the national team for the first time, but Wang Zhelin has shown" ambition "," step by step, down-to-Earth training here towards London. "Wang Zhelin, the next Yao Ming is he? 18 years old juvenile's stunning performance in ChinaUnited States media exclaimed: he will be entering the NBA player Yi of China 7 7 rebounds "wing of the world over the United States, nice! Words "understatement, occluded by adding a dapple of Apple, this is a 18 year old boy Twitter updates yesterday. But Twitter authentication, "China Youth men's basketball Wang Zhelin" had nearly 30,000 fans below. YaoMing retired due to injuries, Yi in calves waiting for an opportunity, I wonder if the next Chinese players entering the NBA, to let us wait until the cows come home. But yesterday, 18-year old Wang Zhelin Nike Basketball and cut down on the Summit 19 ' 8 rebounds, not only helps the world's wing in a 84:75 win over United States team, also beyond the earlier Wang Zhizhi, United Arab Emirates, we strongly feel that the, The next player NBA China, may have been not far away. Yao retired due to injury, suffering Yi in calf, I wonder if the next Chinese players in the NBA maximalist, let us wait until the cows come home, but yesterday, 18-year old Wang Zhelin cut 19-8 at the Summit of World Basketball backboard, let people remember the name Wang Zhelin, Wang ZhelinNot only helps the world's wing in a 84:75 win over United States team, Wang Zhizhi and beyond the period of the performance, we strongly feel: the next NBA players in China, may have been not far away. Maybe he was the next Yao Ming. Reporter Shen Chen wrote an article in modern letters shocked all Chinese players the best United States, Portland Rose Garden Arena, A yellow shadow wave set off the audience. Section II of the competition, a United States players wanted to complete the storm in one hand in a quick attack buckle--because the Summit annually attracts a large number of global basketball Scout, so every player wants to take every opportunity to express themselves. But this time, the hapless child miscalculation. At the moment he jumped, Wang Zhelin yigejianbu leap up from theA nail plate behind big hat will fly ball fans tera gold, attracted audience of nearly 20,000 spectators scream. This is not finished, ball bombs back to the United States, and plunge line throwing cast of players sold. Wang Zhelin! This from the bottom line to fill in, and one CAP, ball fans directly to the three-point line, and the international team managed to complete the fast attack. The scene again burst into applause, everybody knows this is sentWang Zhelin. House competitions, Wang Zhelin first played 21 minutes and 46 seconds are 19-11 8-8 rebounds and 2 caps of comprehensive data, and the fourth section the final moments alone cut 8 performance has become the key to decide this game movements. Under his outstanding play, world's wing to 84:75, has made the world's basketball held since 15 international4th victory of the wing. "Can not be questioned, Wang Zhelin is all Chinese players participating in the Summit in one of the most outstanding. "Field guide shouted excitedly. Across the empty very PK over the same period, "the world team beat the United States team, nice! Words "understatement, occluded by adding a dapple of Apple, this is a 18 year old boy yesterdayTwitter updates. Wang Zhelin they may not realize, after the game, he has become the focus of attention of the world media. Basketball Summit was founded in 1995, from the elite high schools throughout the United States each year, and 19 years of age in the world of non-American elected from among the elite teams, "United States team VS team of the world" competition in the form of. And because the competition brings together almost all the worldBest seedling in the field, each race has a NBA or college Scout came to watch, and after the Summit, many players will be the traditional basketball schools poached. High specification the game was born out of a high level players. United States players, Garnett has participated in the competition, when entry of that year contributed 10 points 10 rebounds 9 Cap 4 assists, beginning the Almighty zhengrong. International players, Dirk Nowitzki is starting from here, all alone in the year 33 points 14 rebounds 3 tackling, show the hand along the silk feel. Players in the country, including Wang Zhizhi, Yi Jianlian, and Ji ��, Chen Jianghua, Zhang Dayu, a surname and Guo Ailun ran 7 name players have participated in the tournament tera gold, where Yi is the only first team and maintain the highest score of 7 minutes and 7 rebounds, Wang ZhizhiRanked second with 6 points 6 rebounds, while other people fail to score. Wang Zhelin performance, though not as Dirk Nowitzki, but had significantly exceeded the same period of very and the United Arab Emirates. Welcome vote Wang Zhelin shine 19 ' 8 rebounds basketball top game, what do you think of his future? Good is definitely the next Yao Ming looking forward to, healthy growth into NBAConcerned, under the pengsha of "Zhong Yong" calm down, don't rush to conclusions before viewing the results Others:

• tera power leveling micro-blogging - KLR
• tera gold baojianfengExplanation of "she" lines show cheat codes - NDH
• tera power leveling 129785355693593750_31 - KMC
• tera power leveling performing arts and music exchanges across borders. Three groups to teamwork -
• tera power leveling data show that compared to late February - WIS

tera gold to judge future performance we have three points continued in-depth knowledge - SBR

Alcoholic liquor: the unstoppable and huge room Investment under an alcoholic liquor 2012Q1 notice, its net profit after tax of 1.1-$ 120 million, an increase of 430-470%; growth substantially exceeded market expectations of about 200% we raised over a three-year EPS to $ 1.07, and 2.39; performance exceeded expectations confirmed the fine layout of our alcoholic liquor within the province and outside the provinceAnalysis of higher-end national, to judge future performance we have three points continued in-depth knowledge: first, alcoholic liquor within the province of deep has to copy the model and size effect in two-wheel-drive growth, alcoholic wines local high end price point operation and the general price supplement will further reduce the cost and overhead rates and profitability continue to enhance local, home advantage a strong second, Drinkers of wine country is unstoppable, and huge room. In the context of diversification of internal reference brand with high-end niche opportunities, alcoholic liquor brand high-end prices driven by external and internal layout of active demand management will continue to be national investment and market replication advantages through more mature management model tera power leveling, the company will continue to promote the construction of Marketing Center in 2012-2014;Third tera gold, the province of faster-growing, higher sustainable growth and strong 2011 companies reach and 75.2% in North China and South China growth tera gold, faster than the market in the province, indicating the alcoholic liquor of national capacities further enhanced, plate market's ability to effectively build a reinforced company of national copies; 2012 earnings exceeded expectations were more likely to further company 2011 71.61% per cent in revenue cases, growth in operating costs only 33.66%, 2011 annual operating expense ratio is 28.08%, down 8.09%, show the company's cost control capacity upgrading and scale effect of highlighting; taking into account the factors of alcoholic liquor prices in the first quarter, we cautiously raised its full year results. VoteFunding recommendations and ratings forecast sales, 14.5 and $ 2.9 billion in 2012-2014; EPS $ 0.97, and 1.42; taking into account the enormous room for companies in the province, province of expansion at the initial stage, maintaining the PE valuation 012 years times, corresponding to 2013 times PE,2012-year target price of 4$ 2.8, the price range $ 41.7 per cent, maintaining a "buy" rating. Others:

• tera gold Commercial administrative departments - BLN
• tera power leveling the company's commitment to principles of honesty - AKS
• tera power leveling reply by the China Banking Regulatory Commission - GBS
• tera gold buy property - BFR
• tera gold this 22-year old rookie worth looking forward to. Sulley Ali Muntari - DID

tera gold Commercial administrative departments - BLN

Report from (reporter Hu Xiaohong) yesterday, Commerce, Wangfujing Street, Beijing jointly launched the national consumer promotion activities. 　　Consumption of more than 80,000 companies involved in promoting activities throughout the country, Deputy Minister of Commerce Jiang Zengwei opened yesterday, prompting for an activity. Assistant Minister of the Ministry of Commerce Fang Aiqing says expansion of consumption is the long term strategy for economic development, as well as business of the yearTop heavy. Clear of Commerce, from April 2 to May 4, 2012 at the national consumer promotion activities throughout the country, activities include five aspects: imagination credit consumer benefits, network brand exhibition, rest assured, green line, purchase dining meeting. Introduction of Beijing Vice Mayor Xia Zhanyi, Beijing will host three major activities, carried out in early April "maintain integrity, enjoyConvenient, expanding consumption "as the main theme of" click on the consumer "activities Beijing international gourmet festival held in mid-April; affordable housing held in late April 2012 Beijing" ' happiness greenhouses ' action "for affordable housing provides users with one-stop purchasing services and offers. According to the Commerce Department preliminary statistics, taken part in 2012 were the promotion of activities of enterprises of more than 80,000,Commercial administrative departments, industry associations to carry out large-scale consumption will reach more than 800 items. Beijing highlights more than 40 companies lead in "click on the consumer" under the lead of Beijing e-Commerce Association, over more than 40 online retailers join forces in Beijing from April 2 to start large online marketing campaigns, which have also become "2012 the National CouncilNetwork for the promotion of months rest assured purchasing "the first highlights of consumers by specifying the main site www.clibuy.CN activities you can enjoy safe online shopping offers. Enterprises participating in this activity cover the dress and personal adornment, home appliances computers, home office supplies, gift, jewelry, wedding services, and is closely related to the life of common people in various fields. In addition toJingdong Mall of ranking ahead of B2C online shopping in China, dangdang, excellence outside the Amazon, where the customer Eslite, koubba network reputation in various professional fields, gold as the network, handles network, pharmacy network, Ke-Blue Diamond, pregnancy and baby care, hung over more than 40 such as children, the new world department store online shop. The event runs until June 30, a total of 13 weeks and every week there is a knownNaming of brand leading activities week, launched a variety of promotional activities, including koubba NET, dangdang tera gold, and so on. SUNY and the six major banks pushed interest suning appliance shopping yesterday at the scene also said dozens of first-tier brands inside and outside of the company, industry enterprises, in April 2-May 4, develop four major initiatives to promote consumption. In addition to the green consumer, brand, consumer exhibitions,Outside the network assured purchase, most worth mentioning is Su Ning and Bank of China, construction Bank, China CITIC Bank, ICBC, agricultural Bank, China Everbright Bank, consumers hold the six big bank credit cards to purchase products over $ 1500, to enjoy a period of 6 or 12 instalments of "interest, 0, 0 tera power leveling, 0 fees paid" offer. Introduction to suning Hou Enlong, General Manager of Beijing for example, a single 12000 TV, participating in 12 instalments activities, spends only $ 1000 per month on television can be moved back, suning has launched credit services to save than usual staging fees of $ 540. () Others:

• tera power leveling the company's commitment to principles of honesty - AKS
• tera power leveling reply by the China Banking Regulatory Commission - GBS
• tera gold buy property - BFR
• tera gold this 22-year old rookie worth looking forward to. Sulley Ali Muntari - DID
• tera power leveling maintenance when the dealers recommended 5 - EVD

tera power leveling the company's commitment to principles of honesty - AKS

Invesco great wall to suspend direct sales of online trading and service company Web site notices Because Invesco great wall fund management tera power leveling, system maintenance will be conducted on April 15, 2012 9:00-20:00, by then the company direct online trading system and the company's Web site will be suspended.　　For this inconvenience to investors tera gold, please understand. Risk: the company's commitment to principles of honesty, diligence due diligence in the management and use of Fund assets, butDoes not guarantee that the funds profits, does not guarantee a minimum income. Investors on the company's management should carefully read the Fund when the Fund contracts tera power leveling, prospectuses and other documents.　　Please investors pay attention to investment risks.　　Take notice. Invesco great wall fund management limited on April 14, 2012 Others:

• tera power leveling reply by the China Banking Regulatory Commission - GBS
• tera gold buy property - BFR
• tera gold this 22-year old rookie worth looking forward to. Sulley Ali Muntari - DID
• tera power leveling maintenance when the dealers recommended 5 - EVD
• tera gold Housing enterprises raise money has never been more than 40% - NBQ

tera power leveling reply by the China Banking Regulatory Commission - GBS

Try country beginning "with selling release" five bonds On April 12, said the State Development Bank, will be issued on 17th tender not exceeding a total of $ 30 billion in fixed income financial debt, include one year, three years, five years, five varieties of the seven-year and 10-year periods tera power leveling, each period amount not exceeding $ 6 billion. Announcement, after the tender, the country will be every other week to issue the first of all varieties, usually for up to three monthsFor a cycle, each time the circulation of each variety to adjust depending on the market situation, each variety to raise about 30 billion to 40 billion yuan. "Issue five, and contains all key deadlines, CDB is the selling of foreign release, is an innovation. "Stock traders said. Selling release (Tap Issue) as "tap (tAP) "drop of water tera power leveling, usually refers to a bond to staging the continuous release of additional. First release can be used for coupon for competitive bidding, when bond coupon rates established, continuous for a period in the future when you can use price and quantity for the mixed-the subject of the tender, by price or rate of return may be used by the issuer bid number bid. NowBond sold mainly in the United States, Britain and the Nordic policy Bank and the issuance of government bonds. "With the selling approach is to keep the issue of continuity issue with considerable flexibility, objectively, relieve pressure on bond funds on a one-off release on the market, and the bond price or yield is market fluctuation, also eased investors on market interest rates of windInsurance concerns. "According to one person close to CDB. Notice also points out that, the 17th issue of notes contracting fee calculated according to the subscription of bonds face value, one-year contract fee-free tera gold, 0.05% three-year, five-year, seven-year-0.1%, 10-year 0.15%; no payment handling fee. In 2011, the CDB RMB bond issuanceNearly $ 1.065 trillion, as of early April 2012, circulation had reached $ 327 billion. "By selling release, can be expanded to a certain degree of bond issuance. In the case of major changes in the market environment, extend the release time can be reduced to a certain extent bond issuance costs. "The person said. At the same time, CDB released short,Medium-and long-term bonds, forming a complete agency debt yield curve. "The basis for pricing not only for secondary market transactions, just as the other varieties of bond pricing reference. In addition, the right to the yield curve can also be included for the formation of debt and other derivatives pricing standards. "The person said. The previous day, CDB reported, reply by the China Banking Regulatory Commission,The line before the end of 2013 issued renminbi bonds in risk weights of zero, until the maturity date, their rating as the same policy financial bonds, the last lines of this debt policy has three years. Others:

• tera gold buy property - BFR
• tera gold this 22-year old rookie worth looking forward to. Sulley Ali Muntari - DID
• tera power leveling maintenance when the dealers recommended 5 - EVD
• tera gold Housing enterprises raise money has never been more than 40% - NBQ
• tera gold 1 - GHB

tera gold buy property - BFR

Abstract: while bargaining space increases, sale of owners willing to increase. Full red xiaowenxiao, Senior Director of research, said the March "small spring" largely due to the demand set off, and had just come to the reason in addition to the mortgage interest rate you want to relax, owners price is vital. Bargaining space increases at the same time, sale of owners willing to increase. Information times reporters Rosalind's photographyRosaline-information times reporters Zhang Jinna full red real estate transactions, according to March second-hand house trading volume appeared, "small spring", mainly concentrated in the middle of 60~90 square meters apartment, share amounted to 47.3%, of which 70~80 square metres of type 18.8% per cent increase last month was 3.8%. Total price $ 600,000 ~80/Listing of the most popular, 23.5% per cent of turnover, increase per cent from 4.1%. Full red xiaowenxiao, Senior Director of research, said the March "small spring" largely due to the demand set off, and had just come to the reason in addition to the mortgage interest rate you want to relax, owners price is vital. It is reported that in March, transactions in the second-hand property, owners of average negotiation spaceThe 6.2%, of which more than per cent of accounted for 10%, more than per cent of accounted for 15%, began in October last year of bargain second-hand property market space has more than 5 months in the 6% in a row. Worthy of note is that while bargaining space increases, owners wishes sale does not reduce but rather to increase the March new sale of the second-hand property market than in FebruaryAdded 14.3%, display the ship owners willingness. Full North branch head, red Ascot and where also introduced, even less common last year of "selling to buy a" also increased significantly in the near future, in the sale of the store recently sold for in the last ten, five or six of these belong to the owners of "selling to buy a", and believe that with the present "landlord sell House, buy property, price"The market environment. Other industry analysis indicated that, in the March, some banks first mortgage rates began to offer, mortgages dependent on higher first-time home buyers directly benefit group, rigid demand release of the purchase in favour of accumulated for a long time, overall trading activity continued to rebound in the market, the market has entered a degree room trading season,Key school is located in downtown area of degree secondary market trading continued to heat up the room, Sports Centre, a forestry road tera gold, the gold rush, a small plate of key primary school is located at the provincial level tera gold, recorded in March-odd degree room second-hand contract cases. Forecast April 20% full of second-hand house trading volume will drop red Research Department believes that second-hand property market currently has entered the "priceChange "stage. However, as of 2 March 7788 accumulated a large number of prices of houses before digestion, remaining in the market to "good and not expensive" housing stock reduction tera power leveling, believe the next market will inevitably have to be a price of tug, April contract also will slow down, and gas will become part of the Ching Ming Festival focused on "traditional" people do not want to buy the originalOne of the. Statistical data show that on April 1 to 5th, second-hand property market down around 50% on the trading floor, is expected around may be used for the entire month turnover decreased by 20%-30%. Others:

• tera gold this 22-year old rookie worth looking forward to. Sulley Ali Muntari - DID
• tera power leveling maintenance when the dealers recommended 5 - EVD
• tera gold Housing enterprises raise money has never been more than 40% - NBQ
• tera gold 1 - GHB
• tera power leveling publishedListed in the Bank's profit distribution policy - BFV

tera power leveling State CouncilBenefits expert - ZHC

Shenzhen Stock Exchange-private transactions open index fund update summary prospectuses Important note the Fund on June 20, 2011 issued by the China Securities Regulatory Commission approved private trading exchange-index Securities Investment Fund approved the reply and joins the Fund raising, to raise. In accordance with the relevant laws and regulations, the Fund contract had come into effect on September 2, 2011, Fund Manager at that date officially openedBegan for operation management of Fund assets. Fund managers ensure that the prospectuses is true, accurate and complete.　　The prospectuses approved by the China Securities Regulatory Commission, but approved by the China Securities Regulatory Commission on the funds raised, does not mean that the value of the Fund and income making substantive judgments or warranty, does not mean no risk of investing in this Fund. The funds invested inSecurities markets, funds due to factors such as stock market volatility fluctuations, investors in front of the investments of the Fund, should be fully aware of the Fund's product features, give full consideration to their ability to take risks, reason to tell, and assuming all kinds of risks arising in the Fund investment, including but not limited to: market risk, management risk, operational risk, the fund-specific risks and otherRisk, and so on.　　Past performance does not indicate the future performance of the Fund, Fund Manager performance management of other funds does not constitute a guarantee on the Fund's performance. Fund Manager in accordance with dedication, honesty and credibility, careful diligence principles of management and use of funds and property, but does not guarantee that the funds profits, does not guarantee a minimum income. Fund managers advise investorsFund investment "buyer pays" principles, after the investors to make investment decisions, and fund investment risk caused by changes in operating conditions with the net value of the Fund, by the investors themselves. Fund Manager performance management of other funds does not constitute a guarantee on the Fund's performance. Investment risk, investors in the investment of the Fund should be read carefully before the Fund prospectuses and Fund contracts。 The prospectuses and fund trustee information updates section has been trustee of the Fund for review.　　The content contained in the prospectuses deadline is March 1, 2012, net relevant financial data and performance deadline is December 31, 2011. Fund management, Fund Manager profile name: penghua fund management company limitedLocation: 168th fuhua road, Futian District, Shenzhen, Shenzhen International Chamber of Commerce Center 43-storey office address: 168th, fuhua road, Futian District, Shenzhen City, 43 floor, Shenzhen International Chamber of Commerce Center: 518,048 legal representative: how about began: December 22, 1998, approved the establishment of bodies and approval number: China SyndromeRegulatory Commission Securities Commission-based [1998]31 organizational form: limited liability company registered capital: Yi Yi Wu Qian $ duration: continuing operations Tel: 0755-82021102 fax: 0755-82021155 contact: static stock ownership structure: main Officer 1, fund managementHow about who the Board members, Chairman, master, senior accountant, nationality: Chinese. Former China electronics Shenzhen Company Finance Director and Deputy Chief Accountant, Chief Accountant, Executive Vice President, General Manager and Party Secretary, Shenzhen Development Bank Assistant Governor, Deputy Governor, members of the Party Committee, Deputy Chairman of the Board, President and Deputy Secretary of the Party Committee, serving guosen securitiesCompany directors, party secretaries, penghua Fund Management Ltd. Mr Hu Jizhi, Director, doctor of philosophy in finance, Senior Economist, nationality: Chinese. Former PBC Wuhan Branch Office Director, Deputy Director, Director of the Institute of finance, head of Office of the people's Bank of China, Shenzhen branch, Assistant to the General Manager of Shenzhen Stock Exchange jianbanOffice, Secretary General of the Council, planning Director, Director and Secretary of the discipline Inspection Commission, the members of the Party Committee, Deputy General Manager, current Chief guosen securities company limited, Deputy Secretary of the Party Committee. Mr Sun Yuyang, Director, doctor of Economics, nationality: Chinese. Former Director of the Guizhou Provincial Government economic reform Committee staff member and Deputy Director of Shenzhen Municipal Party Committee policy research Office of CPC, the Shenzhen Securities Clearing CorporationExecutive Vice President, Executive Director of the Shenzhen Stock Exchange, Hong Kong Sham, Shum Yip Holdings Company Limited of Hong Kong, Assistant General Manager, Deputy General Manager of China's high-tech industry investment management Ltd, Chairman and Chief Executive Officer, penghua fund management, Director, President, incumbent guosen securities Vice President. ＭａｓｓｉｍｏＭａｚｚｉNI, Director, Bachelor of science in economics and business studies. Nationality: Italy. Arthur Andersen engaged in risk management and asset management, former Director of CAAIPGSGR investment, CAAMAISGR and CAAIPGSGR Chief Executive Officer and Chief Investment Officer, Credit Agricole asset management investment Deputy Director, agricultural credit and alternative investment group internationalAsset Management AG, Member of the Executive Committee of Ou Licheng capital investment programmes and investment Director, Epsilon, Chief Executive of asset management AG, current Ou Licheng capital AG Chief Executive Officer and General Manager, at the same time head of the Ou Licheng AI, Chief Executive of asset management AG. Mr AlessandroVaraldo tera power leveling, Director, PhD in economics and business management, country: Italy. Former Milan group FinanzaeFuturoFondiSprind, Deutsche Bank AG Investment Management Department of senior bonds and cash position of the Fund Manager, IMIFideuram asset management AG investment management head of fixed income portfolio and cash management, Financial and bank investment company of S?o Paulo, head of marketing, Capitalia AG and head of Sales Department, Managing Director of Capitalia investment management AG, UnicreditHolding financial risk management Italy, head of corporate risk management, Ou Licheng capital asset management equity, Ou Licheng capital joint-stock company directors, Secretary, Chief Marketing Officer, currently Italy United Sao Paulo bank savings, head of Department of investment and pension products. Mr Shi Jichun, independent Director, doctor of laws, nationality: Chinese. Former University lecturer, associate professor at Renmin University in Anhui Province, current Professor of Renmin University of China law school, doctoral students, State CouncilBenefits expert, head of the economic law of China Law Society Association, Vice President of the Beijing Municipal People's Congress and Adviser, Member of the Law Committee of the Beijing Municipal People's Government. Mr Li Xiangqi, independent directors, Senior Economist, researcher, nationality: Chinese. Former Shanxi provincial party Committee policy research Office of the Secretary, the Office of provincial Commissioner of finance and trade, Deputy Director, Member of the economic system in Shaanxi ProvinceDeputy Secretary and Deputy Director, and Secretary, Director, Chairman of the securities regulation Committee of Shaanxi Province, China Securities Regulatory Commission, the Party Secretary, Director of SEC Office of Jinan, Jinan Secretary for inspection, certification Bureau in Shandong province, Member of the Board and Director of the Committee of the Shanghai Stock Exchange. Song Hong, independent Director, PhD in economics, nationality: Chinese. United States Colombia UniversityVisiting scholar, and worked in Shaanxi Provincial Academy of social sciences, currently Director of the Research Office of the Chinese Academy of Social Sciences Institute of world economics and politics of international trade, researcher, Professor and doctoral supervisor. Huang Shanduan, independent Director, master of law, nationality: Chinese. Former Macau University of science and technology law school lecturer of civil law and commercial law in China, Li Chen Cheng's Adviser on law firms in China, duweilubo internationalOffice of the law firm Hong Kong, Director of China Affairs, German law firm lawyer in Guangdong, current sea port in Guangdong foreign legal Director at law firm. 2, members of the Supervisory Board of fund managers, Feng Sun, Chairman of the Board of supervisors, master's degree in international finance, senior accountant, Chinese Institute of certified public accountants, nationality: Chinese. Former Deputy Director of the Economic Research Institute in Wuhan City, in Wuhan CityDeputy Director of the Bureau, Deputy Manager of the Wuhan friendship copy machine manufacturing company, Shenzhen Municipal Bureau of finance and enterprise finance and Director of the Office of the Director, Deputy Directors, Chairman and Party Secretary of Shenzhen Commercial Bank, Shenzhen development bank directors, party secretaries, penghua Fund Management Ltd, General party branch Secretary, incumbent penghua fund management, Chairman of the Board of supervisors. ＡｎｄｒMr eaVismara, a supervisor, Bachelor of law, lawyers, nationality: Italy. In Italy a number of law firms as a solicitor, in France the agricultural credit group Credit Agricole asset management, products development division of the Department of Justice, Ou Licheng governance and equity Division of capital asset management AG, now Ou Licheng capital asset management AG transportBattalion headquarters. Mr Huang Yu, a supervisor, postgraduate qualifications, nationality: Chinese.　　Has worked in rural land company, Chia Tai finance company, penghua Fund Management Co Ltd Managing Director, serving North rongxin Shenzhen investment development Ltd. Soupault, staff supervisor, PhD, nationality: Chinese. Former Deputy Director of the Institute of Shenzhen Special economic zone securities company, investmentFinance Manager, fund management, investment and research fellows of the Department of the South, customer service supervisor, General Manager of Western financial center tera power leveling, Assistant to the Director of channel services II, e Fund management, information technology, General Manager Assistant; in November 2008 to join penghua fund management company, penghua fund management, Agency finance manager, currently serving. Liu Huihong woman, Staff supervisor, Bachelor, nationality: Chinese.　　Has worked in ICBC Shenzhen branch, ping an securities company, in December 1998 joined penghua fund management limited, serving penghua fund management, Deputy General Manager of the Department of registration and settlement.　　How about 3, senior management, Board Chairman, resume the former. Deng Zhaoming, ChiefThe Conference, doctor of Economics, lecturer, nationality: Chinese.　　Former Beijing Institute of technology College of management and economics lecturer and Director of the China North Industries Corporation staff member, the Director of the China Securities Regulatory Commission, the South Fund management, Deputy General Manager, current penghua fund management, LLC, General party branch Secretary. Mr Gao Yang, Vice President, master of Economics, CFA, nationality: Chinese.Former investment manager of China International Capital Corporation Limited Note, Boshi fund management limited fair value when growth funds, fixed income fund manager, General Manager, yuze Fund Manager of the Fund, Yulong Fund, the Fund Manager, General Manager of equity Department, current penghua fund management Vice President. Mr CAO Yi, Vice President of Economics, nationality: Chinese. In the pastGuangzhou Branch of the people's Bank staff member, Deputy Director of the people's Bank of China Shenzhen branch of the Centre staff member, southern Fund Management Ltd, Deputy Director of marketing and Director of channels, current penghua fund management Vice President. Mr Hu Xiang, Vice President, master of Economics, nationality: Chinese. Former National Council for Social Security Fund Investment Department, Deputy Director of the foreign investment DepartmentMember, staff member, Director, Deputy Director, penghua fund management, Assistant to the Chief Executive, current penghua fund management Vice President. Mr bi Guo-Qiang, Vice President, chartered financial analyst, MBA, nationality: Chinese. Successive Wen Chong shipyard in Guangzhou Sales Department ships section tera gold, United States King Shun Group Canada AIMTrimark investment management limitedAnalysis Division, the China Securities Regulatory Commission funds research around regulatory Department, penghua fund management, Assistant to the Chief Executive, current penghua fund management Vice President. Xiangjiaba, Inspector General, master of Economics, nationality: Chinese. Successive Boshi fund management limited monitoring legal compliance audit manager, penghua fund management, monitoring, supervision and auditing Department Deputy General Manager inspectionNuclear, General Manager, the employee's supervisor.　　Current Inspector General penghua fund management limited, monitoring the General Manager of the Audit Department. 4, the Fund Manager Mr Fang Nan, nationality of China, master of business administration, 10 security experience. Has served in a Hangzhou hengsheng electronic company limited, Shanghai new digital technology co., Ltd. In November 2001 to join Peng Wah KaiGolden Management Ltd, former Department of financial engineering, financial Assistant to the General Manager of the Engineering Department, Peng, a researcher at China's CSI 300 index Securities Investment Fund Manager Assistant. Since February 2010 as the ROC 500 index securities investment fund manager of central China, since August 2010 serves as Peng enterprises in China with the Shanghai composite 50ETF and joins the Fund Manager of the Fund, 20September 11 served as ROC China Shenzhen Stock Exchange private and ETF funds join fund managers.　　Mr Fang Nan Fund qualifications.　　The former Fund Manager of the Fund: September 2011 funds since the entry into force of the contract by Mr Fang Nan as the Fund Manager of the Fund. The fund managers managing other funds: February 2010-present by gojkMr Peng central China stock exchange index 500 fund managers.　　August 2010-present served as Peng enterprises in China with the Shanghai composite 50ETF and joins the fund managers of the Fund.　　Starting in September 2011 serves as penghua private join Fund ETF Fund Manager in Shenzhen Stock Exchange.　　In the reporting period the fund managers have not changed. 5 investment policy Committee membersDeng Zhaoming, penghua fund management, LLC, General party branch Secretary.　　Mr Gao, penghua fund management company Vice President.　　Mr Ji Hongtao, penghua fund management, investment Department General Manager, penghua Fund Portfolio Manager. Mr Cheng Shijie, penghua Fund Management Department General Manager, penghua fund managementValue advantage Fund Manager of the Fund.　　Mr Huang Xin, penghua fund management, fund management, Vice General Manager, penghua dynamic growth fund manager of the Fund.　　Winter Lady, penghua fund management, fixed income, General Manager, penghua fund portfolio managers, penghua Fund money market fund managers and rich Bond Fund Manager. Jun Yang, Peng HuaResearch Department General Manager, penghua fund management limited Pratt fund managers.　　6, such persons do not exist between close relatives. Second, the custodian of the Fund name: China Construction Bank Corporation residence: 25th, financial Street, Xicheng District, Beijing Office address: main street, Xicheng District, Beijing city, 1th floor, 1thLegal representative: Wang Hongzhang date: September 17, 2004, organized a joint stock limited company registered capital: three II suspects connection Bai Bai joined the land of millions of LXXXIII picker suspects acquired during zero LXXXIII thousand Yuan Restaurant: sustainable management fund managed qualification approval and document number: China securities regulatory base [1998]12, contact: yindongTel: 67,595,003-China Construction Bank Corporation has a long history of operating, its predecessor "China Construction Bank" was established in 1954, in 1996, renamed "China Construction Bank". China Construction Bank is one of China's four major commercial banks. China Construction Bank Corporation was made by the China Construction Bank in 2004September the Division was established, inheriting the original business and related assets and liabilities of commercial banks of China Construction Bank. China Construction Bank listed on the main Board of the stock exchange on October 27, 2005 in Hong Kong, is China's first overseas bank to go public in the four major commercial banks. On September 11, 2006, and first h shares of China Construction Bank Corporation joined the Hang SengIndices. September 25, 2007, China Construction Bank shares listed on the Shanghai Stock Exchange and began trading.　　A-shares after the release of total number of issued shares of China Construction Bank: 250,010,977,486. As of September 30, 2011, the China Construction Bank with total assets of 117,723. 3 billion yuan, representing a growth of 8． 90%. Nine months ended September 30, 2011, China Construction Bank net profit of 1,392. $ 700 million, representing a growth of 25. 82%. Annualised return on average assets was 1. 64%, weighted average annualised Roe was 24. 82%. Net income from interest 2,230. $ 1 billion, representing a growth of 22.41%. Net interest margin of 2. 56% and net interest yield of 2. 68%, respectively over a year earlier to 0. 21 and 0. 23%. Fees and Commission net income of 687. $ 9.2 billion, representing a growth of 41.　　31%. China Construction Bank in mainland China with 1. More than more than 30,000 branches in Hong Kong, and Singapore, FrankFu, Johannesburg, New York, Tokyo, Seoul, Sydney and Ho Chi Minh City branches, Moscow, Taipei representative office, overseas institutions to cover 13 countries and regions, completed basic network layout in the major financial centres in the world, 24 hour uninterrupted service capabilities and basic services has taken shape. China Construction Bank to build, establish village banks 33, with the China Construction Bank in Asia, CCB International Bank London, Jianxin facility, built in financial leasing, building trust, jianxinrenshou, de housing savings banks, such as a number of subsidiaries, to provide integrated comprehensive financial services further reinforced. China Construction Bank is supported by market and industry and widely recognized. The first half of 2011, China Construction Bank mainInternational rankings place continues to rise, has won the domestic and foreign well-known institutions to grant more than 50 important awards. China Construction Bank in the United Kingdom the banker 2011 "World Bank brand top 500" ranks 10th in last year, up 3; the United States ranks 108th in the Fortune Global 500 last year, up 8. China Construction Bank for the third consecutiveYear of the Asian corporate governance journal issued by the Hong Kong "Asian corporate governance annual awards", has won the Asian financial services and the Treasury, the European currency, issued by the "best bank in China" and "China best domestic bank" and "best private bank in China" awards. Managed services for investment in China Construction Bank head office is located, under the integrated system, Fund, Assets managed by the Marketing Department, QFII custody, fund accounting, Fund liquidation and investments managed by the Department, the supervision and Audit Department team managed services team, foreign assets accounting team, pensions, pension managed market team, backup center in Shanghai 12 function rooms, team, existing staff of more than 130 people. Since 2008, China Construction Bank managed business continuitySAS70 audits and have become a regular means of internal control. Principal officer Yang Xinfeng, Deputy General Manager of investments managed services, previously worked at Jiangsu provincial branch, Guangdong provincial branch of China Construction Bank, China Construction Bank Head Office Accounting Department, the Department of management, has long been engaged in planning and finance, accounting, operations management and so on, has a wealth of customerServices and business management experience.　　Ji Wei, Deputy General Manager of investments managed services, previously worked at Nantong branch of China Construction Bank, China Construction Bank, Head Office of planning and Finance Department, credit management Department, Business Department, engaged in customer management and customer service work, has extensive experience in customer service and business management. Zhang Junhong, VP of investments managed servicesActing, previously worked at Qingdao branch of China Construction Bank, China Construction Bank, retail business division, consumer banking division, Office of the Governor, has long been engaged in the retail business and individual deposits, such as business management, with extensive experience in customer service and business management. Fund custody business operations as the first offering of securities investment fund managed commercial banks,China Construction Bank has been uphold the principle of "customer-centric" business philosophy, continue to enhance risk management and internal control, strict implementation of the duties of the custodian, safeguard the assets of the legitimate interests of the holder, for the assets managed services provide clients with high quality. After years of steady development, China Construction Bank managed assets has been expanding, managed business continues to increase,Formation including securities investment funds, pension funds, insurance funds, personal account, QFII, Enterprise basic old-age pension products, managed the system, managed business is currently the one of the most complete variety of commercial banks. As at December 31, 2011, China Construction Bank managed 224 securities investment fund. China Construction Bank of professional and efficient managed serviceCapacity and operational level, won a high degree of recognition in the industry.　　In 2011, the China Construction Bank to score the first score by authoritative international magazine global custodian, as 2011 "best managed Bank in China" and hexun.com 2011 China "best assets managed Bank" award. Three, related services, institutional fund sales institutions 1, ShenPurchase redemption agents brokers 1) guosen securities company limited address: hongling road, Luohu district, Shenzhen 1012th guosen securities building, legal representative: how about Tel: 0755-82130833 fax: 0755-82133952 contact: Qi Xiaoyan customer service phone: 95,536 website: www. ｇｕｏｓｅｎ． ｃｏｍ． CN 2) China Galaxy securities company domicile: 35th financial Street, Xicheng District, Beijing international business building, block c, Office address: 35th international financial Street, Xicheng District, Beijing enterprises, building c, legal representative: Gu Weiguo Tel: 010-66568,430 fax: 010-66568532 contact: Tian Wei Web site: www. ｃｈｉｎａｓｔｏｃｋ． ｃｏｍ． CN 3) shenyin wanguo company home: 171th changshou road, Shanghai office address: the 171th changshou road, Shanghai, the legal representative: Ding Guorong Tel: 021-54047892 contact person: Cao ye customer service phone: or 95,523 calls a delegate: 021-962505 website: www. ｓｙｗｇ．． Com 4) haitong securities company limited address: No. 689 Guangdong road, Shanghai office address: Shanghai and GuangdongRoad No. 689, legal representative: Wang Kaiguo Tel: 021-23219275 contact: Li Xiaoming customer service phone: 95,553 website: www. ｈｔｓｅｃ． Com 5) Hongyuan securities company limited address: wenyi road, No. 233 in Urumqi, Xinjiang Office address: Beijing West19th city in Taipingqiao Street, legal representative: Feng Rong Tel: 010-88085201 contact: Li Wei customer service phone: 4008-000-562 website: www. ｈｙｓｅｃ． Com 6) guangfa securities company limited address: Tianhe Road, Tianhe district, Guangzhou 183-18Metropolis square 43, 7th floor, Office address: Tianhe North Road, Guangzhou City, Guangdong Province, 5, 18, 19, 36, 38, 41, 42, building legal representatives: Lin Zhihai contact person: Huang Lan Tel: 020-87555888 fax: 020-87553600 customer service: 95,575Web site: www. ｇｆ． ｃｏｍ． CN 7) Changjiang securities company limited registered address: Xinhua road, Wuhan Changjiang securities building, 8th Office address: Xinhua road, Wuhan Changjiang securities building, 8th on the legal representative: Hu Yunzhao Tel: 027-65799999 fax: 027-85481900 contact: Li Liang customer service phone: or 95,579 website: www. 95,579. Com 8) founder Securities Limited home: overseas Chinese international second Middle Furong road, Changsha, Hunan, 22-24 Office address: second part of Furong road in Changsha city, Hunan province overseas Chinese international hotel 22-24 legal representative: Lei Jie contact: Guo Junrui Tel: 0731-85832503 customer service: 95,571 website: www. ｆｏｕｎｄｅｒｓｃ． Com 9) EMC Corporation company limited accommodation: Allianz building, jintian road, Futian District, Shenzhen, No. 2222 34, 28 A02 Office address: Allianz building, jintian road, Futian District, Shenzhen, No. 2222 34, 28 layers A02 China Phoenix building, shennan road, Futian District, Shenzhen, No. 2008-1, the legal representative: bovine Tel: 0755-82825551 fax: 0755-82558355 contact: Chen Jianhong customer service phone: 4,008,001,001 website: www. ｅｓｓｅｎｃｅ． ｃｏｍ． CN 10) Bohai securities company limited address: Tianjin economic and technological development zone, Office, room 101, Second Avenue, 42nd Office address: 8th guest water West Road Nankai district Tianjin, statutoryRepresentative: Du Qingping contact: Wang Zhaoquan Tel: 022-28451861 fax: 022-28451892 website: wwww. ｂｈｚｑ． Com 11) China Everbright securities company limited accommodation: 1508th Jingan Xinzha road, Shanghai office address: Shanghai Jingan Xinzha Road 1No. 508, legal representatives: Xu Haoming Tel: 021-22169081 fax: 021-68817271 contact: Liu Chen customer service phone: 95,525 website: www. ｅｂｓｃｎ． Com 12) Qi Lu securities limited shelter: road, Jinan City, Shandong province86th Office address: road, Jinan City, Shandong province, 86th, legal representative: Li Wei phone: 0531-68889157 contact: Lin Wang customer service phone: 95,538 website: www. ｑｌｚｑ． ｃｏｍ． CN 13) China Merchants securities company limited shelter: deepShenzhen Jiangsu building yitian road, Futian District, 38-45 address: Jiangsu building yitian road, Futian District, Shenzhen, 38-45 legal representative: Shaolin Tel: 0755-82960223 contact: Lin Sheng customer service phone: 95,565 website: www. ｎｅｗｏｎｅ． ｃｏｍ． CN 14) industrial securities company limited shelter: legal representative, Lake Road, Fuzhou No. 268: lanrong Office address: 1199 Minsheng road, Pudong zendai wudaokou square 21 floor, 1th floor, phone: 021-38565785 fax: 021-38565955 contact: Xie GaoCustomer service phone: 95,562 website: www. ｘｙｚｑ． ｃｏｍ．　　CN 2, secondary market transactions including brokerage agents brokers ' qualifications and membership of all securities companies in Shenzhen Stock Exchange. 3, the Fund Manager may in accordance with the relevant legal and regulatory requirements, selecting other qualified sales agent-basedGold and notices in a timely manner. Registration and clearing institution China Securities Depository and Clearing Corporation residence: 17th Taipingqiao Dajie, Xicheng District, Beijing Office address: Taipingqiao Dajie, Xicheng District, Beijing, the legal representative, 17th: Jin Ying Tel: 0755-25938081 fax: 0755-25987132-8,081 contact: Lai Xingwen law firm law firm Beijing Kindu homes: East third ring road, Chaoyang District, Beijing, 40, block a, Beijing Fortune Plaza office building, 7th floor office address: East third ring road, Chaoyang District, Beijing, 40, block a, Beijing Fortune Plaza office building, 7th floor in charge: Wang Ling Tel: 0755-22,163,333 fax: 0755-22163390 contact: Song Ping-ping Manager lawyer: Jin Qingjun, Song Ping-ping accounting firm name: PricewaterhouseCoopers Zhong Tian certified public accountants Ltd Home: Lujiazui ring road, Pudong new area, Shanghai 1318th DBS building, 6 floor, Office address: lakeside road, Shanghai CityPWC Center 11/f, No. 202 legal representative: Yang Shaoxin Tel: 23,238,888 fax: 23.2388 million contact: Yi Jin Manager Accountant: Xue Jing Yi Jin four, fund name, fund name: Shenzhen Stock Exchange-private transactions of five open-ended index securities investment fund, fund typeType of Fund: this Fund to deal-open stock-fund VI, closely track the investment objective of the Fund is the subject of indicators, pursuit track deviation and tracking error is minimized. Seven, the range of investment funds of the Fund primarily invest in the constituent stocks of the index shares and options. In addition, to better achieve the investment objectives, the Fund to invest a small amount of non-standardIndex of stocks, shares, bonds and legal regulations, and China Securities Regulatory Commission allows funds of other instruments.　　Or regulators such as laws and regulations allow, the Fund Manager may, after due process to adjust the above investment, or emerging allows other varieties of Fund investments into investment areas. Eight, the investment strategy of the Fund of funds using passiveIndex investing method, in accordance with the constituent stocks in the benchmark index in the base weight of the construction of the index portfolio, and according to the subject-index shares and adjusted weights change. Occurs when expected shares to adjust or shares rights issue, issuance, dividends, and other acts, or for purchase, and withdrawal of funds on this subject-index funds tracking results when possible, Or when due to some special circumstances lead to a lack of liquidity, or other causes cannot effectively copying and tracking when the benchmark index, fund managers can make appropriate modifications and adjustments to portfolio management, seeking to reduce tracking error. The Fund to track to deviate from the absolute value of a day not more than 0. 1%, track error not more than 2% years. As a result of index rulesLead tracking deviations from and tracking error or other factors beyond this scope, fund managers should take reasonable measures to avoid track deviation, tracking error and further expanded.　　1, building the portfolio construction process of fund portfolio is divided into three main steps: determining the target group, develop strategies for positions and step by step combinations. The Fund takes a full replication methodSubject combinations, the main subject-index shares and options for the scope of investment shares. Subject-index shares of fund managers analyze factors such as liquidity and transaction costs, make reasonable positions of policy and fund within 3 months from the date of entry into force of the contract reached proportion of investment contract. Since then, as a result of adjustment of the constituent stocks of the benchmark index, the Fund to purchase or redeem bring cashAnd other factors cause the Fund does not comply with this investment, fund managers will be adjusted within 10 business days. 2, ongoing portfolio management can cause a tracking error tracking and analysis of various factors: fund managers on the constituent stocks of the benchmark index adjustments, changes in equity, dividend and stop/resume trading, changes in market liquidity, the standard method of compiling the index, baseClose tracking of gold purchase, redeem the situation on a daily basis, and other factors, analysis of their impact on index tracking.　　Adjustment of portfolios: models using quantitative analysis, optimization of combination of adjustment programmes, and adjust the portfolio with automated index trading system, to better track the benchmark index's purpose. Preparation of purchase, redeem and bulletin list: t-1st Fund certificateBased on coupons and, according to announcements of listed companies, taking into account the possibility of t-day changes of listed companies, purchase, call list and notice of preparation of t-day. 3, regular portfolio management funds Manager portfolios management on a regular basis, mainly completed the following matters: regularly attribution portfolio tracking error analysis, developing improvement programmes;According to the establishment and adjustment of the benchmark index notices, developing portfolio adjustment programmes under fund management contract of the Fund, the custody fee payment requirements, check the ratio of cash in the portfolio in a timely manner, monthly cash payments to prepare. 4, daily investment performance evaluation of fund performance assessment, primarily to evaluate track deviation of;At the end of each month, financial engineering group on quantitative evaluation of the operation of the Fund; at the end of each month, fund managers according to the evaluation report, focusing on analysis of Fund tracking deviations from cause, cash control and tracking error adjustment, subject index constituent stocks of the stock before and after the operations, the future changes. Nine, fund performance baseline benchmark index, that is,Shenzhen stock exchange price index of private.　　When the index changes, performance baseline changes with, fund managers should be after the consent of the custodian of the Fund, the China Securities Regulatory Commission for the record and notice. Ten, the risk-return characteristics of the Fund belonging to equity funds of the Fund and its expected risk and return is higher than the hybrid funds, bond funds and money market funds,For securities investment fund in the varieties of higher expected risk, higher expected returns.　　At the same time the Fund transactions open index fund, subject-index tracking with full replication method, with the benchmark index and is the subject of similar risk and return characteristics of the company represented by the index. XI, investment portfolio reporting this Board of Directors and Managing Director of fund management that this reportInformation contained in there is no recorded false, misleading statements or significant omissions, and on the authenticity, accuracy and completeness of the content of individual and joint and several liability. China Construction Bank Corporation under this Fund managed fund contract, on January 16, 2012 financial index of the review in the present report, net worth and portfolio performance reporting and other contentTo ensure review content is not present false, misleading statements or records a significant omission.　　Financial data contained in this report as at December 31, 2011. 1 asset portfolio, reporting the final note: stock investments included in the above table may return alternative valuation gains 2, reporting the final stock portfolio by industry classification together does not contain a returnAlternative valuation value.　　2, reporting the final stock portfolio breakdown by reporting the final index stock portfolio investments by industry category reported the final positive stock portfolio investments by industry classification of the Fund without investing in stocks at the end of the present report. 3, end index of investment according to the fair value of net assets of the FundSorted small detail 4 of top ten stock investment, reported the final positive proportion of investments according to the fair value of net assets of the Fund size sort of detail this top five stock investment fund without a positive investment at the end of this report stock 5, reports the final bond portfolio classified by bond fund without a bond at the end of the present report. 6, the endFair value of net assets of the Fund ranks top five bond investment details of the Fund without a bond at the end of the present report.　　7, according to the fair value of net assets of the Fund at the end of the report ranked top ten in size details of asset-backed securities investment fund not holdings of asset-backed securities at the end of the present report. 8, according to the fair value of the Fund at the end of the report-fundedNet worth ratio warrants investments details the size ranking of the top five funds without a warrant at the end of the present report.　　9, the report notes the portfolio on June 15, 2011, one of the top ten of the investments of the fund securities China Baoan Shenzhen Stock Exchange issuers China Baoan group bulletin disposition decisions about content. The funds are ETFFunds, primarily in the constituent stocks of the index shares and options, and the stock is private price index component stocks, investment range, according to the product characteristics and the investment requirements after the establishment of the Fund, investments in this stock, investment decision-making procedures of the stock meets the requirements of relevant laws and regulations. Top ten of the investments of the Fund during the reporting period in the securities of other securitiesNo release investigation by regulators, or within one year before the report was publicly denounced, punished the stock.　　During the reporting period the top ten stocks within the Fund of funds investment contract alternative stock library. Other assets held in the end details of convertible bonds into shares of the Fund does not hold at the end of the present reportConvertible bonds into shares.　　End index investment restricted circulation in the top ten stock index at the end of the present report of the Fund investment by following the top ten stocks do not exist in limited circulation.　　Active investment flows in the top five at the end of the report a limited description of the Fund without investing in stocks at the end of the present report. Portfolio reportTell other text of the note describes why some due to rounding, portfolio reporting and digital in and there may be a difference between the total. 12 fund managers, fund performance is committed to the principle of good faith and diligent conscientious management and use of funds and property, but does not guarantee that the funds profits. Fund performance in the past does not mean its future performance.Investment risk, investors in making investment decisions should be read carefully before the Fund prospectuses. 1, the Fund's investment performance of the Fund since the entry into force of the contract and benchmark comparison with the same period as shown in the following table: 2, the Fund contract since the entry into force of the net value of the Fund share changes over time, and compare performance baseline changes over the same period: Note 1: Shenzhen Stock Exchange-private transactionsOpen index securities investment fund contract came into effect on September 2, 2011; note 2: performance baseline = private price index; note 3: this Fund deadline is December 31, 2011. 13, fund fees and taxes fee category 1, Fund Manager of the Fund management fee; 2, Fund TrusteesHosting fee, 3, the property fund set aside to pay bank charges; 4, funds fund information disclosure after the entry into force of the contract costs, 5, the Fund share holders general meeting costs; 6, after the entry into force of the contract relating to the funds of the Fund accountant fees and Attorney's fees; 7, securities of the Fund transactions costs, 8, the listing fees and annual fees of the Fund, 9, the FundAfter the entry into force of the contract which is the subject of the index license fee, 10, the charges in the distribution of the income of the Fund, 11, the property of the Fund shall be allocated according to the law of other costs.　　Above by the Fund Manager of the Fund in the context of legal provisions references determine fair market prices, when otherwise provided by the laws and regulations if they are required. Cost calculating method, withdrawal of the FundAnd payment management fee of 1, fund managers normally, the Fund management fee on the day before the Fund's net asset value of 0. 5% rates. Calculated as follows: management charge ÷ h is the number of days in the year H=Ex year daily e Fund management fees should be made the day before the net asset value of the Fund management fee made daily, monthlyPay.　　Sent by the trustee to the Fund of fund managers huafu fund management fees orders, review Fund managed in time within 5 business days from the first day of the month property in the one-time payments from the Fund to the Fund Manager, in case of statutory holidays, rest days, paid date extended. Custodian 2, funds managed under normal circumstances, the Fund managed by the day before the funds net assetsValue of 0. 1% rates. Calculated as follows: managed rate ÷ h is the number of days in the year H=Ex year daily should be made the day before the funds managed e-funds equity fund managed account on a daily basis, paid monthly. Sending funds to funds managed by fund managers who managed huafu instructions, review Fund managed in the first day of the month after 5Within one business day from a one-time payment in the property of the Fund to the Fund trustee, in case of statutory holidays, rest days, paid date extended. 3, the benchmark index licensing fees typically, benchmark index license fee according to the previous day of the Fund's net asset value 0. 3% rates. Calculated as follows: H=Ex-year benchmark index licensing rates ÷H is the number of days in the year should be made the subject of daily index e license fees for the day before the net asset value of the Fund benchmark index licensing fees made on a daily basis, paid quarterly. Sent by the trustee to the Fund of fund managers subject index permits the use of transfer instructions, review Fund managed to within 5 business days from the first day of the second quarter after one-time drawn from the property Fund, in case ofStatutory holidays, rest days, paid date postponed.　　Index of suppliers on the basis of the corresponding index change benchmark index license license agreement when using the rates and method of calculation, Fund Manager required in accordance with the relevant provisions at the latest before the new rates and billing practice 2nd notice on the specified media. 4, subject to management fees, hosting fees and the benchmark index beyond the license fee basedGold cost, managed by the Fund under the relevant regulations and other relevant provisions of the agreement, payment of the expense amount, included or assessed contributions to fund expenses in the current period. Not included in the cost of funds the project Fund Administrator and custodian of the Fund because of failure to comply or do not completely fulfil their obligations expense as a result of loss of property or funds, and deal with matters not related to fund operationsCost does not include funds such as.　　Fund disclosures that occurred before the entry into force of the contract fees, legal fees and accounting fees and other charges are not paid out of Fund assets. Fund Administrator and custodian of the Fund according to fund development rate adjustment fund management and Fund custody rates. Fund managers must be no later than 2 days before the date the new rate of implementation in the publication of a notice specifying the media.Fund tax funds and the Fund share holders in accordance with provisions of national laws and regulations, comply with tax obligations. 14, on recruitment manual update section description of the fund managers on the basis of the People's Republic of China Securities Investment Fund law, the measures for the administration of securities investment funds, and the sales management of securities investment funds, the securities investment fund lawIncome disclosure regulations and other provisions of the relevant laws and regulations, combined with the fund managers on the implementation of the Fund's investment management activities, the Fund Manager to the Fund prospectuses of the original announcement was updated, major content updates are as follows: 1, in the "important note" section clear the updated contents of the prospectuses of due date, and due date for the relevant financial data。　　2, the "third, fund managers" section has been updated.　　3, the "four, Fund custodians" section has been updated.　　4, the "five, related service" content has been updated.　　5, "six, fund raising and Fund contract," content is updated. 6, "seven, Fund share conversion and changeRemember "content is updated.　　7, the "eight, the trading of shares of the Fund" content has been updated.　　8, the "nine, purchase and redemption of fund shares" section has been updated. 9, in the "ten, the investments of the Fund" chapter, an increase of portfolio relevant parts of the report, data as at date of December 31, 2011.10, new "11, fund performance" a chapter on investment performance, data as at the date to December 31, 2011.　　11, the "17, fund information disclosure" section has been updated.　　12, "21, Fund Trusteeship Agreement summary" section has been updated. 13, as the Fund Manager investmentCapital services measures to further improve, "22, the services of the Fund share holders" chapter update service-related content.　　14, "23, other disclosure matters" chapter has been updated. Penghua fund management limited on April 14, 2012 Others:

• tera power leveling at the end of 2010 - ZLB
• tera gold replies to the comments yz25224714 2010-05-06 too close to the road - OAJ
• tera power leveling if audited - ODU
• tera power leveling which means that RQFII issue has begun to introduce competition - QZP
• tera power leveling thanks to the police station from which the civilian police coordination - CLV