湘潭县| 吴起| 云浮| 威县| 滦平| 武功| 麻江| 色达| 拜城| 开原| 洛南| 万荣| 中宁| 贵港| 沐川| 启东| 卢龙| 辽阳市| 青白江| 武陵源| 临夏县| 吴起| 漳县| 宁陕| 武鸣| 茂港| 召陵| 郧西| 瑞丽| 澄江| 逊克| 黄龙| 双牌| 抚宁| 平昌| 盘锦| 上杭| 资兴| 偏关| 洛隆| 奉节| 邹城| 临沧| 道孚| 白碱滩| 宁夏| 磐石| 社旗| 武宁| 宣威| 东辽| 呼玛| 连云区| 威县| 墨脱| 泽州| 砚山| 宜宾县| 怀集| 阿克塞| 日土| 惠来| 雷山| 崇明| 兰西| 潼南| 靖远| 澧县| 丰县| 临川| 十堰| 易门| 太原| 满城| 穆棱| 乐亭| 双柏| 吉木萨尔| 邵阳市| 景泰| 墨脱| 尚义| 墨玉| 新荣| 北碚| 沧县| 沧县| 陇西| 美姑| 杭锦旗| 丹江口| 吴起| 广安| 宁乡| 兴仁| 博湖| 嵊州| 汪清| 辽宁| 分宜| 昔阳| 马山| 察哈尔右翼前旗| 鲁甸| 科尔沁左翼中旗| 同德| 茶陵| 新巴尔虎左旗| 弓长岭| 铁山港| 顺昌| 内乡| 太仆寺旗| 丰都| 惠水| 莱山| 麦积| 武清| 兴城| 青浦| 平江| 隆昌| 周宁| 吴江| 金阳| 福鼎| 兰州| 宁都| 祁东| 白碱滩| 鸡西| 六合| 吉安市| 贡觉| 曲江| 颍上| 普兰店| 内蒙古| 吉县| 清丰| 浦江| 蛟河| 百色| 木里| 冕宁| 湟源| 姚安| 华安| 相城| 嘉善| 丹凤| 乌恰| 阜新市| 嘉黎| 梅州| 合阳| 大宁| 乌拉特前旗| 额敏| 宾阳| 佛山| 罗江| 宝应| 贞丰| 张家港| 交口| 滦平| 马山| 申扎| 鄂伦春自治旗| 托克托| 镇巴| 红岗| 长武| 集贤| 台儿庄| 象州| 铁山| 吉县| 高碑店| 临沧| 霍州| 大通| 申扎| 鲁山| 达日| 和田| 丰顺| 乌拉特后旗| 焦作| 德江| 下陆| 五寨| 泊头| 宁晋| 资溪| 澜沧| 罗定| 定兴| 乐都| 金昌| 科尔沁右翼中旗| 蕲春| 香河| 广丰| 巴南| 龙陵| 岱山| 南城| 常宁| 建瓯| 南沙岛| 新和| 武山| 八达岭| 中宁| 五常| 孟村| 盐山| 侯马| 瓮安| 五寨| 常州| 西峡| 乳山| 五峰| 偏关| 黄冈| 武进| 衢州| 汉口| 类乌齐| 宾阳| 呼兰| 潘集| 泾川| 四平| 盐边| 准格尔旗| 威远| 闵行| 古浪| 舒城| 喜德| 介休| 盐山| 青冈| 台江| 宁德| 舟曲| 镇原| 湾里| 五寨| 仲巴| 绍兴县| 呼图壁| 保亭| 五华| 固原| 射洪| 武冈| 清丰| 桐梓|

霍金传奇:成名黑洞研究 告诉人类“时间有开端”

2019-05-21 01:43 来源:飞华健康网

  霍金传奇:成名黑洞研究 告诉人类“时间有开端”

  Atotalof11Chineseacademicinstitutionshavebeenincludedintheglobaltop100ofthefifteentheditionoftheQSWorldUniversityRankings,whichwasrecentlyreleasedbyQSQuacquarelliSymonds,,MassachusettsInstituteofTechnologyisnamedtheworldsleadinguniversityforarecord-breakingseventhconsecutiveyearintherankings,whileAsiastopuniversityistheNationalUniversityofSingapore(11th).TsinghuaUniversityisChinashighest-rankeduniversityinthelist,risingfromlastyear"TheriseofChineseuniversitiesaremainlyduetoconsistentcommitmenttoestablishDoubleTopUniversityPlan,gettingsmaller,"saidChristinaYanZhang,4,whentheypublishedtheirinauguralQSWorldUniversityRankings.(CNS),astate-levelnewsagencysponsoredandestablishedbyChinesejournalistsandrenownedoverseasChineseexpertsonOctober1,(),,,includingin-depthcoverage,featurestoriesandvisualcontent,withtopicssuchascurrentevents,art,lifestyle,(CNS)isnotonlyastate-levelnewsagencyspreadingnewsworldwide,butalsoaninternationalnewsagencywithsubscribersinTaiwan,HongKongandMacao,,formervicechairmanoftheStandingCommitteeoftheNationalPeoplesCongress,,therewereothermajorsponsorsandbuilders,suchasJinZhonghua,HuYuzhi,,awell-knownexpertoninternationalissues,,CNSwastheInternationalNewsService,,adatabaseofinforma(includingwritings,photosandspecialarticles)andamodernmethodofreporting(mainlythroughinternet,videosandSMS)providedtooverse,,HongKongandMacao,aswellasbranchesorreportstationsinTokyo,Bangkok,KualaLumpur,NewYork,Washington,LosAngeles,SanFrancisco,Vancouver,London,Paris,,andnewsreleasecentershavebeenestablishedinBeijing,,multi-levelandmulti-functionnewsreleasesystem,CNSprovidesallkindsofnewsandinformation,’,,1999,theheadquartersofCNSlauncheditsofficialwebsite,namedChinanews().ChinanewsisconsideredoneofChina’smostimportantonlinenewssources.

RussianteenagericehockeyplayerslearnaboutkungfuduringavisittoBeijingHuijiaPrivateSchoolinBeijing,June11,2018.(Photo:ChinaNewsService/LiuGuanguan)RussianteenagericehockeyplayerslearnaboutkungfuduringavisittoBeijingHuijiaPrivateSchoolinBeijing,June11,2018.(Photo:ChinaNewsService/LiuGuanguan)ZhangYe,principalofBeijingHuijiaPrivateSchool,presentsgiftstovisitingRussianteenagericehockeyplayersinBeijing,June11,2018.(Photo:ChinaNewsService/LiuGuanguan)ARussianteenagericehockeyplayershowsaChinesecalligraphyworkduringavisittoBeijingHuijiaPrivateSchoolinBeijing,June11,2018.(Photo:ChinaNewsService/LiuGuanguan)Commercialexplorationofspacewillbecomeanunstoppabletrendasmorestrongprivatestart-upsenterthecommercialaerospaceindustryinChina,slaunchofFalconHeavy,aChineseindividually-fundedsatellitewaslaunchedlastweek,capableofoperatingi,atypeofminiaturizedsatellitemadeupofmultiplecubicunits,andwillbeusedtohelpmembersofthepublicobserveouterspace,accordingtoastatementfromChinaGreatWallIndustryCorp,whichprovidedthelaunchservice,ChinaNationalRadio(CNR)telliteLaunchCenterinnorthwesternChina,alongwiththemuchlargerZH1-thenationsfirstseismo-electromagneticsatellite,whichcanhelpscientistsbetterstudyearthquakes-aswellasfiveothersmallsatellitesliketheFMN1,engLun,chairmanofBeijing-basedVantoneHoldings,whospent5millionyuan($800,000)ndeducation,futuresatellitelauncheswillseektomakeprofits,lethepublict,JiaoWeixin,aspacescienceprofessoratPekingUniversity,toldtheGlobalTimesonWednesdaythatprivateChinesefirmshavelessinvolvementintheaerospaceindustrysincethey,ithastofirstgetapprovalfromtheauthorities,,midthedeepeningofmilitary-civilianintegration,WangYanan,deputyeditorofAerospaceKnowledgemagazine,,assomeofthemaregettingstronger,,theStateCouncil,Chinascabinet,formallyannounceditwouldallowprivatecompaniestoresearch,manufactureandlaunchaswellasoperatecommercialsatellites,,thegovernmentproposedin2015thestrategyofintegratingcivilianandmilitarycooperationintechnologytopromotethecountrysspaceprograms,whichhasledtotherapiddevelopmentofChinaelptheseprivatecompaniesgrowfaster,,fundingisamajorchallengeforthedevelopmentofdomesticspacecompanies,astheyhavetomakeenormousinvestmentsinresearchandmanufacturing,andittakesalongtimetoseeareturn,,andhundredsofmillionsforalargesatellite,soFengscaseisveryrare,sspacestart-upsarestillinthenascentdevelopmentstage,commercialexplorationofspaceisanunstoppabletrend,saidJiao,addingthatthecurrentnumberoflaunchbasesandrocketsdoesn,,,itwilllaunchitsfirstOS-Xrocket,whichisdesignedforsuborbitalflightsinordertoprovidehigh-altituderesearchandtestservices,followingas,LandSpaceTechnology,,LandSpacesignedacontractwithDenmark-basedsatellitemanufacturerGOMspace,becomingthefirstChinesecompanytodevelopitsowncommercialrocketsthatwillprovideservicestotheinternationalmarket.  

  Thislow-angleself-portraitofNASAsCuriosityMarsrovershowsthevehicleatthesitefromwhichitreacheddowntodrillintoarocktargetcalled"Buckskin"onlowerMountSharp.(Photo/Agencies)NASA’sCuriosityroverhasfoundnewevidencepreservedinrocksonMarsthatsuggeststheplanetcouldhavesupportedancientlife,aswellasnewevidenceintheMart,thesefindingsareagoodsignforfuturemissionsexploringtheplanet’“tough”organicmoleculesinthree-billion-year-oldsedimentaryrocksnearthesurface,aswellasseasonalvariationsinthelevelsofm,andalsomayincludeoxygen,,organicmoleculesalsocanbecreatedbynon-biologicalprocessesandarenotnecessarilyindicatorsoflife.“Withthesenewfindings,Marsistellingustostaythecourseandkeepsearchingforevidenceoflife,”saidThomasZurbuchen,associateadministratorfortheScienceMissionDirectorateatNASAHeadquarters,inWashington.“I’mconfidentthatourongoingandplannedmissionswillunlockevenmorebreathtakingdiscoveriesontheRedPlanet.”Thisself-portraitofNASAsCuriosityMarsroverobtainedFebruary4,2018showsthevehicleonVeraRubinRidge,whichitsbeeninvestigatingforthepastseveralmonths,directlybehindtheroveristhestartofaclaywherenorthisontheleftandwestisontheright,withGaleCratersrimonthehorizonofbothedges.-’sCuriosityroverhasfoundnewevidencepreservedinrocksonMarsthatsuggeststheplanetcouldhavesupportedancientlife,aswellasnewevidenceintheMart,thesefindingsareagoodsignforfuturemissionsexploringtheplanet’“tough”organicmoleculesinthree-billion-year-oldsedimentaryrocksnearthesurface,aswellasseasonalvariationsinthelevelsofm,andalsomayincludeoxygen,,organicmoleculesalsocanbecreatedbynon-biologicalprocessesandarenotnecessarilyindicatorsoflife.“Withthesenewfindings,Marsistellingustostaythecourseandkeepsearchingforevidenceoflife,”saidThomasZurbuchen,associateadministratorfortheScienceMissionDirectorateatNASAHeadquarters,inWashington.“I’mconfidentthatourongoingandplannedmissionswillunlockevenmorebreathtakingdiscoveriesontheRedPlanet.”FrenchmarathonswimmerBenoitBenLecomteprepareshimselfinChoshi,ChibaprefectureinJapanonJune5,2,kickingoffanepicquesttoswim9,000kilometers(5,600miles)fromTokyotoSanFrancisco,throughshark-infestedwaterschokingwithplasticwaste.(Photo/Agencies)FrenchmarathonswimmerBenoitBenLecomte(L),takesthestartofhisattemptofswimmingacrossthePacificOceaninChoshi,ChibaprefectureinJapanonJune5,2018surroundedbyhischildren,Max(C)andAna(R).BenLecomtedivedintothePacificOceanonJune5,kickingoffanepicquesttoswim9,000kilometers(5,600miles)fromTokyotoSanFrancisco,throughshark-infestedwaterschokingwithplasticwaste.(Photo/Agencies)FrenchmarathonswimmerBenoitBenLecomte,takesthestartofhisattemptofswimmingacrossthePacificOceaninChoshi,ChibaprefectureinJapanonJune5,,kickingoffanepicquesttoswim9,000kilometers(5,600miles)fromTokyotoSanFrancisco,throughshark-infestedwaterschokingwithplasticwaste.(Photo/Agencies)FrenchmarathonswimmerBenoitBenLecomteprepareshimselfinChoshi,ChibaprefectureinJapanonJune5,2,kickingoffanepicquesttoswim9,000kilometers(5,600miles)fromTokyotoSanFrancisco,throughshark-infestedwaterschokingwithplasticwaste.(Photo/Agencies)

  PhototakenonJune6,2018showscustomsenforcementofficersinIstanbul’sPendikporthavecaughtundocumentedmigrants,wrappedinaluminumfoiltohidefromx-raydetectors,onan18-wheeltruckenroutetoItaly.(Photo/Agencies)PhototakenonJune6,2018showscustomsenforcementofficersinIstanbul’sPendikporthavecaughtundocumentedmigrants,wrappedinaluminumfoiltohidefromx-raydetectors,onan18-wheeltruckenroutetoItaly.(Photo/Agencies)MaritimepersonneluseadronetopatrolontheHongzeLakeinHuaianofeastChinasJiangsuProvince,May15,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/ChenLiang)AnagriculturaldroneworksinthefieldsinBeiguanVillage,LinzhangTownshipofnorthChinasHebeiProvince,April19,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/HuGaolei)AnagriculturaldronespraysintherapeseedfieldsinGulingVillage,JiujiangofeastChinasJiangxiProvince,March21,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/FuJianbin)Adronedeliversvegetablefromamodernagriculturalparktoane-commercewarehouseinWugongCountyofnorthwestChinasShaanxiProvince,April22,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/LiYibo)Arescuedronecapableofbroadcastingandissuingwarnings,patrolsaboveabeachareainSanyaofsouthChinasHainanProvince,May30,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/ShaXiaofeng)Visitorswatchademonstrationofadronetakingpicturesduringthe20thChinaBeijingInternationalHigh-techExpo,inBeijing,capitalofChina,June8,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/JuHuanzong)AfarmeroperatesadroneforfarmworkinthefieldsinZiboofeastChinasShandongProvince,March14,,unmannedaerialvehicles(UAVs),es,includingaerialphotography,cropmonitoring,rescuing,,butalsobroadenstheimaginationofChinesepeopletowardsthecomingfuture.(Xinhua/CuiLilai)

Thursdaymarksthefirstdayofgaokao,China’snationalcollegeentranceexamination,–,parentsandteachersaroundthecountrygatheredinfrontofthegatesofthoseschoolsdesignatedassitesforsuchexams,somewearingredclothesfortsinastudentslifeasitsresultcouldprovidewith"one-way"ticketstohighereducation."orthestate,"emphasizedChineseVicePremierSunChunlanasshevisitedtheNationalEducationsMinistryofEducationandotheragenciesbeganinspectionsinsomeregionssincelastweekendtofightcheatingandfraud,andtoensurethesecurityandconfidentialityofexampapersduringprinting,transportation,storage,distribution,esatalllevelstocreateasoundenvironmentforstudentssittingforthetest."Educationdepartmentsandexaminingbodiesatvariouslevelsshouldcoordinateonnoisecontrol,aswellassanitaryandepidemicpreventionandheatstrokepreventiontobetterservestudents,"thecircularsaid.

  CombinedphotosshowaerialviewsofTuandaoinQingdao,eastChinasShandongProvince,takenrespectivelyin1996(upper)andonMay4,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,LiZiheng)CombinedphotosshowaerialviewsofQingdaoPortinQingdao,eastChinasShandongProvince,takenrespectivelyin1996(upper)andonMay7,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,GuoXulei)CombinedphotosshowaerialviewsofWusiSquareinQingdao,eastChinasShandongProvince,takenrespectivelyin1996(upper)andonApril16,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,GuoXulei)CombinedphotosshowaerialviewsofQingdaoSportsCenterinQingdao,eastChinasShandongProvince,takenrespectivelyin2000(upper)andonMay13,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,LiZiheng)CombinedphotosshowaerialviewsofZhanqiaoPierinQingdao,eastChinasShandongProvince,takenrespectivelyin1996(upper)andonMay4,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,GuoXulei)CombinedphotosshowaerialviewsofMaidaoinQingdao,eastChinasShandongProvince,takenrespectivelyin1996(upper)andonMay4,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,LiZiheng)CombinedphotosshowaerialviewsofOlympicSailingCenter,whichusedtobeashipyard,inQingdao,eastChinasShandongProvince,takenrespectivelyin2000(upper)andonApril16,akenbyphoto,asoneofthefirstChinesecitiestoopenup,wasanimportantportfortheBeltandRoad,andthatpeoplecouldsensetheextensive,profoundlocalcultureandthevitalityofChinasreformandopening-up.(Xinhua/ZhangYan,GuoXulei)

  EveryfoodconnoisseurfromGuyFieritoEmerilLagassehasheardBocuseDordescribedas"themostprestigiousculinarycompetitionintheworld."ThosngatheredtogetherinGuangzhou,asthesouthernChinesecityhostedtheeventforthefirsttime."BeinginGuangzhouisfantastic,"saysStefanStiller,presidentofBocuseDOrAsiaPacific."HavingthiseventinChinaisextremelyfantastic."FantasticinpartbecauseofamilestoneanniversarybetweenGuangzhouandLyon,France,thebirthplaceofBocuseDOr."LyonisthefoodcapitalofFrance,andGuangzhouisthefoodcapitalofSouthChina,"Stillersaysaboutthetwocitiescelebrating30yearsaspartnercities."Wehavealotofsynergy,similarities,andsotherearealotofreasonswhywearehere."1  ,2017showstwilightthroughtheSeventeenArchBridgeintheSummerPalaceinBeijing,capitalofChina.(Xinhua/LiuXianguo)China,700activitieswillbeheldacrossChinatocelebratethisyearsculturalandnaturalheritageday,,whichwasestablishedtosafegstakealookat20culturalheritagesitesinChina,,originallynamedQingyiYuan,ortheGardenofClearRipples,wasanimperialgardenconstructedin1750byEmperorQianlonginabidtocelebratehismother,emperorsandempressesspenttheirleisuretimethere,eselandscapegardendesign,,capitalofsouthwestChinasTibetAutonomousRegion,,2018,togreettheSpringFestivalandTibetanNewYear.(Xinhua/Chogo),LhasaThePotalaPalace,winterpalaceoftheDalaiLama,hassymbolizedTibetanBuddhismanditscen,madeupoftheWhiteandRedPalaceswiththeirancillarybuildings,isbuiltonRedMountaininthecenterofLhasaValley,atanaltitudeof3,,JokhangTempleMonasteryandNorbulingkawereaddedtothelistrespectivelyin1994,,2018showsthesnowsceneryofWestLakeinHangzhou,eastChinaZhejiangProvince,,2018.(Xinhua/HuangZongzhi),,WestLakeCulturalLandscapeofHangzhouhasinspiredfamouspoets,,pagodas,pavilions,gardensandornamentaltrees,,2018showsseaofcloudsafterrainfallatHuangyaguansectionoftheGreatWallinTianjin,northChina.(Xinhua/YangYushan),theGreatWallwindsupanddownacrossdeserts,grasslands,mountainsandplateaus,,horsetracks,watchtowers,andsheltersonthewall,,000years,,itisstilloneofthemostappealingattractionsallaroundt,oneofthegreatestwondersoftheworld,,northwestChinasGansuProvince,,2016.(Photo/Xinhua),Gansuprovince,theMogaocaves,alsoknownastheThousand-BuddhaCaves,aretheworldslargest,mostrichlyendowed,,atthecrossroadsoftradeaswellasreligious,,thecarvingofthecavesstartedin366ADandcontinuedforabout1,,housingabout45,000squaremetersofmuralsandmorethan2,000paintedsculptures,,wi(Photo/Xinhua)sYuanDynastyinChina,slegendarycapitalcity,designedbytheMongolrulersChineseadvisor,LiuBingzhong,,includingtemples,palaces,tombs,nomadicencampmentsandtheTiefangangCanal,,,:/FengJun):anImperialSacrificialAltarinBeijingLocatedinthesouthernpartofBeijing,theTempleofHeavenisamagnificentcomplexoffirs,andisthelargestoneinBeijingamongseveralroyalaltarstoHeaven,Earth,theSun,,SoutheastChinasFujianprovince,onDec9,2016.(Photo:ChinaNewsService/WangDongming)e15thand20thcenturiesover120kilometersinthesouth-westofFujianprovince,irfunctionexe,,efilm,resembling"scarfs"and"dresses",aspartoftheirrestorationintheEmperorQinshihuangsMausoleumSiteMuseuminXian,Shaanxiprovince,Feb23,2015.(Photo/CFP)ntainingterracottawarriorsandhorsesarelocatedinLintongcounty,nearXi’ancity,,,themausoleumislaidoutinlinewiththedimensionsofXianyang,,,,ridianGate(WuMen)ofthePalaceMuseuminBeijing,April17,2018.(Photo:ChinaNewsService/DuYang)ForbiddenCity,locatedinthecenterofBeijing,,,,(anareaenclosedbyfourpoles).In1924,theimperialfamilyoftheQingDynastywasremovedfromtheForbiddenCity,age,nearMountHuangshan,Anhuiprovince,inMay.(Photo:ChinaDaily/WangHao),HuangshancityinsouthAnhuiprovince,thetwotraditionalvillagesXidiandHongcunarearchitecturalcomplexes,,landscape,architecturalform,decorationandconstructiontechniquesallretaint,northChinasShanxiProvince,April22,,listedasaUNESCOWorldCulturalHeritagesitein2001,willwitnessatourismpeakastheMayDayholidayiscoming.(Photo:Xinhua/YanYan),some16kmwestofDatongcity,Shanxiprovince,theYungangGrottoeswerebuiltagainstthemountainandextendaboutonekm(),000statueswithinacarvedareaof18,000squaremeters,YungangGrottoesrepresenttheoutstandin,withtheirstrictunityoflayoutanddesign,coPoliticalPartyForumvisitLiuyuanorLingeringGardeninSuzhou,eastChinasJiangsuProvince,April22,2013.(Xinhua/ShenPeng),whichseekstorecreateminiaturenaturallandscapes,isnotillustratedanybetterthanintheninegardensinthehistoriccityofSuzhou,’,2017showstheviewofChengdesummerresortinnorthChinasHebeiProvince.(Xinhua/LiuMancang),ChengdeIntermsofthegenerallayout,architecturalstyles,constructiontechniques,decorationdetailsandgardenlandscape,theMountainResort,avastcomplexofpalacesandadministrativeandceremonialbuildingsbuiltbetween1703and1792,representsthebroadexchangeandconvergencebetweenHancultureandtheethniccultures-Confucianism,BuddhismandTaoism-andthearchitecturalstylesbetweenChina,theMountainResorthastemplesofmanyarchitecturalstylesandimperialgardensblendeffortlesslyintoalandscapeoflakes,,,centralChinasHenanProvince,April17,(Xinhua/ZhuXiang)e(618-907).Located13kmsouthofLuoyang,Henanprovince,theLongmenGrottoesareconcentratedontheeastandwestcliffsoftheYishuiRiver,,duringtheNorthernWeiDynasty,Grottoes,liketheTwentyGemsofLongmenCalligraphyandZhuSuiliang’sstonetablets,,madein641inhonorofthemotherofthefourthsonofEmperorTaizong,,,LushanMountainisoneofthemostrenownedmountainsandtourismresortsinthecountry.(Photo/ShanghaiDaily),LushanMountainisoneofChina’,whichwasinscribedontheWorldHeritageListin1996,i,LushanisthebirthplaceofChineselandscapepoetry,plus,thefamousLushanPlenumrepresentsitsroleinChina’,,southwestChinasYunnanProvince,,SCOin1997.(Photo:Xinhua/YangZongyou),lyingontheLijiangplainatanelevationof2,400metersinsouthwestYunnanprovinceofChina,alandstrategifelementsfromseveralcultures,anditsancientwater-supplysy,WudangMountain,alsoknownasTaiheMountain,isbothafamousscenicspotandaholysiteofTaoism,Chinasindigenousreligion.(Photo/)anjiangkouincentralHubeiprovince,theWudangMountainsarehometoafamouscomplexofancientpalaces,periodofnearly1,,anannualeventputonbythespecialadministrativeregionsgovernment,sonSundaynight,(Photo:Xinhua/ZhangJinjia)’straditionalChinesedesign,itstandswitnesst’smissionaryroleintheFarEastwhilealso,formingthemostuniqueblendofculturalheritageexistinginChina’,,clairaudienceandtheJadeEmperorintheDazuRockCarvingsinChongqingmunicipality.(Photo/TheofficialWechataccountofDazuRockCarvings),,’,50,000statuesand100,000inscribedwithChinesecharacter,1999.

  PublichealthworkerssprayinsecticideamidfearsofanewcholeraoutbreakinSanaa,Yemen,June7,’srainyseasonwilllikelytriggeranotherwaveofcholera,puttingmillionsatriskinthewar-torncountry,whichisstillreelingfromoneoftheworld’sworstoutbreaksofthekillerdisease,scientistswarnedinMay.(Photo/Agencies)PublichealthworkerssprayinsecticideamidfearsofanewcholeraoutbreakinSanaa,Yemen,June7,’srainyseasonwilllikelytriggeranotherwaveofcholera,puttingmillionsatriskinthewar-torncountry,whichisstillreelingfromoneoftheworld’sworstoutbreaksofthekillerdisease,scientistswarnedinMay.(Photo/Agencies)PublichealthworkerssprayinsecticideamidfearsofanewcholeraoutbreakinSanaa,Yemen,June7,’srainyseasonwilllikelytriggeranotherwaveofcholera,puttingmillionsatriskinthewar-torncountry,whichisstillreelingfromoneoftheworld’sworstoutbreaksofthekillerdisease,scientistswarnedinMay.(Photo/Agencies)

  PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune5,2018showsblindcustomersenjoyingtheservicesatabookstore,friendlytovisuallyimpairedpeople,inKunmingCity,SouthwestChina’,runbyaprivatecompany,helpstheblindtousesmartphones,playgamesandlearnaboutmusic.(Photo:ChinaNewsService/RenDong)PhototakenonJune6,2018showsanimalsaretryingallpossiblewaystokeepcoolatTianjinZooastemperaturescontinuerising.(Photo:ChinaNewsService/TongYu)PhototakenonJune6,2018showsanimalsaretryingallpossiblewaystokeepcoolatTianjinZooastemperaturescontinuerising.(Photo:ChinaNewsService/TongYu)PhototakenonJune6,2018showsanimalsaretryingallpossiblewaystokeepcoolatTianjinZooastemperaturescontinuerising.(Photo:ChinaNewsService/TongYu)PhototakenonJune6,2018showsanimalsaretryingallpossiblewaystokeepcoolatTianjinZooastemperaturescontinuerising.(Photo:ChinaNewsService/TongYu)

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  AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)TwobirdsrestonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)AbirdrestsonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)TwobirdsrestonthestemofalotusflowerintheHuangshanscenicareainAnhuiprovinceonJune10,,astemperaturescontinuetorise.(Photo/Asianewsphoto)

  

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多只分级B两日零成交 基金严防分级B“蝴蝶效应”

2019-05-21 07:34
来源: 中国证券报
编辑:东方财富网

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摘要
【多只分级B两日零成交 基金严防分级B“蝴蝶效应”】被称为“限购令”的分级基金新规5月1日实施后,分级B成交额连续两个交易日较之前大幅下降,多只分级B两日均没有成交。中国证券报记者从基金公司获悉,当前除活跃度有所下降外,分级B暂未发生较大风险。
JournalistsdopreparationworkattheMediaCenteroftheShanghaiCooperationOrganization(SCO)QingdaoSummitinQingdao,eastChinasShandongProvince,June6,fromJune6to11.(Xinhua/LiZiheng)JournalistsdopreparationworkattheMediaCenteroftheShanghaiCooperationOrganization(SCO)QingdaoSummitinQingdao,eastChinasShandongProvince,June6,fromJune6to11.(Xinhua/LiZiheng)AjournalistworksattheMediaCenteroftheShanghaiCooperationOrganization(SCO)QingdaoSummitinQingdao,eastChinasShandongProvince,June6,fromJune6to11.(Xinhua/LiZiheng)JournalistsdopreparationworkattheMediaCenteroftheShanghaiCooperationOrganization(SCO)QingdaoSummitinQingdao,eastChinasShandongProvince,June6,fromJune6to11.(Xinhua/LiZiheng)Acameramanworksatthemediacenterforthe18thShanghaiCooperationOrganization(SCO)SummitinQingdao,eastChinasShandongProvince,June6,o11.(Xinhua/LiZiheng)

  被称为“限购令”的分级基金新规5月1日实施后,分级B成交额连续两个交易日较之前大幅下降,多只分级B两日均没有成交。中国证券报记者从基金公司获悉,当前除活跃度有所下降外,分级B暂未发生较大风险。为预防分级B可能引发“蝴蝶效应”,多家基金公司高度重视,已做好相应的流动性准备。分析人士认为,从未来较长一段时间来看,分级基金整体规模下降是必然趋势,未来交易将向质地较优、规模较大的品种集中,但折溢价情况不会有显著变化。

  散户开通权限占比低

  分级基金新规实施后,除市场活跃度大幅下降外,基金净值未出现较大波动。据数据统计,5月2日,全市场144只分级B总成交额为9.35亿元,比前一个交易日减少近50%。5月3日,总成交额为8.46亿元,较前一日继续减少。多只分级B连续两天无成交。

  市场活跃度下降是由于持有分级基金的投资者在新规实施前开通交易权限的踊跃度不高。多家基金公司人士透露,去证券公司完成面签以开通分级基金交易权限的散户占比很低,部分原因是一些散户的投资热情不高,部分原因是投资者对新规不了解。

  根据新规,从5月1日起,投资者开通分级基金B份额买入和基础份额分拆的权限须满足以下条件:前20个交易日日均证券类资产合计不低于30万元,且投资者需要到开户的证券营业部签署《分级基金投资风险揭示书》。对于未开通权限的投资者,不能进行分级基金子份额买入和基础份额分拆操作;已持有分级基金子份额但未开通分级基金相关权限的投资者,可以自主选择继续持有或卖出。

  作为一种结构型产品,当股市上涨时,分级基金B份额有望获得更高回报;当股市下跌时尤其是短期跌幅较大时,由于杠杆作用,分级基金B份额的净值下跌幅度往往大于其跟踪的指数。一些风险承受能力较高的散户投资者更青睐分级B.

  截至去年底,132只分级基金稳健份额即A份额总规模为714.87亿份,其中机构投资者持有份额占比92.65%,个人投资者仅持有52亿份。截至去年底,分级基金B份额总规模为715.73亿份,其中机构投资者仅持有110亿份,个人投资者持有份额占比高达85%。中国证券报记者从多家基金公司获悉,目前分级基金的持有人结构仍保持这样的特点:A份额以机构投资者为主,B份额以散户为主。一些大户持有单只分级B的比例超过了基金净值的20%。

  基金公司严防风险

  一些基金公司对后市流动性存在担忧。深圳某基金公司人士表示,如果相当多的投资者不开通买入权限,则一些分级基金可能陷入“出多进少”的困境,市场可能发生波动并引发“蝴蝶效应”。

  有基金公司表示,公司内部高度关注分级基金的变动情况,经常不定期就此召开会议,风控、稽核、投资等多部门共同进行分析探讨,也做了一定流动性准备。招商、银华、长盛等多家基金公司发布公告,对投资者做出风险提示。例如,新规实施初期,分级基金子份额可能出现交易价格波动加大的情形,投资者可根据自身情况,提前做好相应的投资安排。

  虽然存在担忧,但多家基金公司表示,分级基金整体申购赎回情况比较稳定。同时,中国基金业协会要求各基金公司准备好应急预案,以防市场发生较大波动。业内人士分析,当前需高度关注行业分级B,如果产生较大波动,可能引发“蝴蝶效应”。多数基金公司的行业分级B产品规模达数十亿元,且持股比较集中。为了应对未来可能发生的赎回情况,基金公司不得不做好流动性准备,如减持股票,这可能导致股价下跌并引发其他相关分级产品出现下折风险。

  市场分化料加剧

  业内人士分析,分级基金新规为这一产品“降温”,长期来看对产品的健康发展将起到积极作用。

  在分级基金新规出台的预期下,4月末分级基金市场规模持续下降。截至4月末,154只分级基金总份额为1479.74亿份,环比减少101.34亿份,较去年底减少233.5亿份。

  “未来分级基金的规模可能还会下降,这或许是一个趋势。”某基金公司人士表示,如果散户仍然不开通投资权限,则分级基金市场将陷入存量博弈局面并可能出现分化。目前市场活跃度有向质地较优、规模较大的分级B品种聚集的情况,未来这种分化的趋势可能愈发显著。

  国泰基金基金经理梁杏表示,除对规模和流动性有影响外,分级基金新规对子份额的收益分配机制也有一定影响,主要体现在分级A会侵蚀分级B的收益上。对于分级基金原持有人特别是持有份额较多的持有人来说,可能出现因流动性变差导致手中分级B类产品只能以低价卖出的情况。如果市场出现上涨的趋势行情,分级基金仍是不错的工具。

(责任编辑:DF070)

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