Relationship of Margin Rule and Volatility in Chinese Copper Futures Markets

Different from western markets, the margin rates in Chinese futures markets are raised when contract approaches maturity. This paper concentrates on the effect of this time dependent margin rule on volatility. Open interest, another candidate in the margin rule, is also included in our model to investigate its necessity as one of the factors of the rise of margin rates. With the popular copper contract in Shanghai Futures Exchange (SHFE) , our test results suggest that margin levels have a significant positive effect on volatility, yet open interest has little to do with volatility. The implication is that the rise of margin rate approaching maturity virtually deteriorates the degree of market risks, and open interest is not a necessary factor for the margin rule. It indicates that the policy tool, represented by margin rates, has significantly greater influence on volatility than the market element, represented by open interest.     

基于影响因素分析的船舶交通流量预测多元线性回归模型

随着经济的发展,通过长江水域的船舶数量日益增多,通过对长江镇江段的船舶流量进行调研以及对影响船舶交通流量的因素进行分析,能够更为精确地建立船舶流量预测模型,为预测提供科学依据。     

对舰载信息系统数据融合攻击分析

针对对舰载信息系统的攻击，分析了系统的易损性，提出对数据融合系统的攻击类型，给出了攻击矩阵，并对攻击效果作了简单定性分析。     

The importance of estuarine gravitational circulation in the early life of the Bohai Penaeid Prawn

Estuaries along the southern shore of the Bohai Sea are the major habitat of the Bohai Penaeid Prawn (Penaeus chinensis). Since the 80's, however, many of the rivers have been dammed. Field observations, as well as laterally integrated 2-D numerical experiments, were conducted to understand both the role of estuarine gravitational circulation and the impact of the damming of the rivers on the early life of the Bohai Penaeid Prawn.For a river with runoff, especially for small discharge, the gravitational circulation tends to transport the planktonic larvae in their metamorphosis phase near the river mouth where condition is favorable for survival. The gravitational circulation inside the estuary tends to transport the mysis phase larvae towards the upstream end of the estuary when the most part of the larvae suspended in the bottom layer, and it transports the post larvae to the low salinity near upstream side of the estuary when the larvae become benthic, if the larvae enter the estuary.Damming causes long periods of zero runoff in the river, resulting in the alteration of the estuarine circulation and in the change of the estuarine environment. In addition, excess evaporation may prematurely transport the planktonic larvae into the estuary. On the other hand, sudden release of a large volume of freshwater from behind the dam may exert undesirable stress on the larvae.     

电子特种气体及我国发展现状

本文研究了电子特种气体的种类、纯度以及在半导体工业中的应用状况,从技术上讨论了电子特种气体的纯净度对半导体工业的影响。结合国内电子特种气体的市场综述了国内电子特种气体的生产厂家及其现状,指出了国内电子特种气体产业存在的问题以及我国电子特种气体产业的发展前景。     

中水回用技术

中水回用是解决当今水资源短缺的有效途径,本文阐述了中水水源、中水系统及其组成、中水处理工艺及各种处理技术的比较和实际应用情况。     

现代造船模式下舾装生产设计外场用图纸研究

在软件TRIBON的基础上，以中间产品概念下的全托盘化舾装外场作业任务分解为背景，着重讨论了相应的外场装配图纸形成与表达。对传统舾装作业外场用图纸的表达方式作了一定的扩展。     

矿渣细度对高强混凝土性能的影响

本文测试了矿渣细度对高强混凝土流动性和抗压强度的影响。试验结果表明：矿渣细度对高强混凝土的流动性影响不大,但对高强混凝土的抗压强度有较大的影响。同时,本文还探讨了矿渣细度影响高强混凝土性能的机制。     

排水固结地基在变荷载作用下的固结度简化分析

在瞬时加载条件下砂井地基径向固结的偏微分方程的基础上,通过编制程序,简化分析塑料板排水地基受真空及堆载的变荷载作用下的固结。工程算例分析表明,考虑加载历时的影响,地基的平均固结速度在总体上要小于瞬时加载情况下的地基固结速度;单级或分级加载情况下的地基固结度受加载时间Ti的影响,加载时间Ti越长,地基固结速度越慢。简化计算结果与考虑竖向渗流时的结果对比表明,简化方法与精确解法结果较为接近,可以满足工程精度。     

根据G3指引编制CSR报告 促进完善公司治理结构

1背景：CSR报告与G3指引 为倡导上市公司积极承担社会责任,发挥上市公司履行社会责任的先进示范作用,2008年,上海证券交易所要求“上证公司治理板块”样本公司、发行境外上市外资股公司及金融类公司共259家,须按照《上海证券交易所上市公司内部控制指引》及《关于加强上市公司社会责任承担工作暨发布（上海证券交易所上市公司环境信息披露指引）的通知》要求,在披露年度报告的同时,披露企业社会责任报告。