Although widely used, both the Markowitz model and VAR (Value at Risk) model have some limitations in evaluating the risk and return of stock investment. By the analysis of the conceptions of risk and return, together...Although widely used, both the Markowitz model and VAR (Value at Risk) model have some limitations in evaluating the risk and return of stock investment. By the analysis of the conceptions of risk and return, together with the three hypotheses of technological analysis, a novelty model of metering and evaluating the risk and return of stock investment is established. The major indicator of this model , risk-return ratio K, combines the characteristic indicators of risk and return. Regardless of the form of the risk-return probability density functions, this indicator K can always reflect the risk-return performances of the invested stocks clearly and accurately. How to use the model to make optimum investment and how to make portfolio combined with clustering analysis is also explained.展开更多
There are different opinions about the first modern domestic debt in China.The theorists judge whether a certain public debt has modernity according to whether it has modern public debt form,ignoring the inconsistency...There are different opinions about the first modern domestic debt in China.The theorists judge whether a certain public debt has modernity according to whether it has modern public debt form,ignoring the inconsistency between form and content,institutional provisions and actual implementation.The modern nature of public debt must have both the form and content of modern public debt.Based on the analysis of the issuing background,system design,collection and repayment of patriotic bonds in the late Qing Dynasty and the early Republic of China,it is considered that the part of patriotic bonds subscribed by the Qing royal family is still the nature of donation and return,while the part subscribed by ordinary businessmen and people in the early Republic of China has a modern nature.The dual nature of patriotic bonds is closely related to the social background when the bonds are issued.展开更多
This article reviews Mars sampling and return technology,by retrieving and analyzing the patents of domestic and foreign sampling equipment and mechanism technology,Mars surface removal technology and ultra-highspeed ...This article reviews Mars sampling and return technology,by retrieving and analyzing the patents of domestic and foreign sampling equipment and mechanism technology,Mars surface removal technology and ultra-highspeed light and small sample return technology.It conducts patent analysis from the macro-technical view down to the micro-specific content view using statistical,quantitative and qualitative analysis methods.In the process of macro-analysis,it analyzes patent data from multiple perspectives such as time,region,technical composition,and applicants,and establishes the development trends for Mars sampling and return technology at home and abroad.In the process of micro-analysis,through the analysis and interpretation of key patents,we can learn the development priorities and development direction of foreign Mars sampling and return technology.This paper also proposes China’s Mars sampling and return technology development suggestions.展开更多
文摘Although widely used, both the Markowitz model and VAR (Value at Risk) model have some limitations in evaluating the risk and return of stock investment. By the analysis of the conceptions of risk and return, together with the three hypotheses of technological analysis, a novelty model of metering and evaluating the risk and return of stock investment is established. The major indicator of this model , risk-return ratio K, combines the characteristic indicators of risk and return. Regardless of the form of the risk-return probability density functions, this indicator K can always reflect the risk-return performances of the invested stocks clearly and accurately. How to use the model to make optimum investment and how to make portfolio combined with clustering analysis is also explained.
基金This paper is a phased achievement of Chongqing Social Science Planning project“Research on the repayment of‘Pre-war Deposits’in Chongqing Banking Industry after the victory of the Anti-Japanese War”(2020BS11)Chongqing Education Commission Project“Research on Prevention and Control of Financial Crisis in Chongqing during the Republic of China”(20SKGH111).
文摘There are different opinions about the first modern domestic debt in China.The theorists judge whether a certain public debt has modernity according to whether it has modern public debt form,ignoring the inconsistency between form and content,institutional provisions and actual implementation.The modern nature of public debt must have both the form and content of modern public debt.Based on the analysis of the issuing background,system design,collection and repayment of patriotic bonds in the late Qing Dynasty and the early Republic of China,it is considered that the part of patriotic bonds subscribed by the Qing royal family is still the nature of donation and return,while the part subscribed by ordinary businessmen and people in the early Republic of China has a modern nature.The dual nature of patriotic bonds is closely related to the social background when the bonds are issued.
文摘This article reviews Mars sampling and return technology,by retrieving and analyzing the patents of domestic and foreign sampling equipment and mechanism technology,Mars surface removal technology and ultra-highspeed light and small sample return technology.It conducts patent analysis from the macro-technical view down to the micro-specific content view using statistical,quantitative and qualitative analysis methods.In the process of macro-analysis,it analyzes patent data from multiple perspectives such as time,region,technical composition,and applicants,and establishes the development trends for Mars sampling and return technology at home and abroad.In the process of micro-analysis,through the analysis and interpretation of key patents,we can learn the development priorities and development direction of foreign Mars sampling and return technology.This paper also proposes China’s Mars sampling and return technology development suggestions.
