1398
4603
4604
84602
2015
2015 12 21
55
12 13
H
24
2015 12 1
(www.icbc-ltd.com)
(www.hkexnews.hk)
2015 11 6
......................................................................... 1
................................................................... 2
1 ................................................................. 2
2 .................................................. 3
3 ........................................................ 5
4 ............................. 7
5 2014 ..................................... 7
6 ........................................................ 7
7 ............................................................. 8
......................................................................... 9
2015 ................................................ 12
—i—
A 1.00
H
1398 4603
4604 84602
A 601398
2015 12 21 2015
H 1.00
A H
—1—
1398
4603
4604
84602
55
100140
3
33
MC
2015
1
—2—
(1)
(2)
(3)
(4)
(5)
(6) 2014
2
2015 8
2015 8 27
1964 2
2012 8
(Journal of Econometrics) (Econometric Theory)
—3—
2015 10 30
1955 11
1978 1982
XV
—4—
13.51(2)
2015
10 30
3
2015 10 30
1962 8
1987 8 1999 3
1999 3 2006 3
2006 3 2015 9
—5—
TCL
1996 2010
1966 1
40
1998 6
1998
XV
13.51(2)
—6—
4
1%
1%
5 2014
2014 2015 8 27
6
2015 12 21
55
12 13
H
24
—7—
2015 12 1
7
2015 11 6
—8—
2 0 1 4
2014
2014
2014
2014
—9—
2 0 1 4
2014
2014 2014
2 3
1 2 3 4 5=1+2+ 6 7=5-6 8
3+4
52.50 112.36 34.69 199.56 56.29 143.26
47.25 113.28 36.92 197.45 56.75 140.69
4
46.20 114.48 36.09 196.77 57.36 139.42
4
48 48 48
MC 43 43 43
5 44 44 44
48 48 48
46 46 46
43 43 43
6
37.80 93.67 31.29 162.76 37.56 125.20
7 10 10 10
28 28 28
8 5 5 5
5 5 5
— 10 —
2 0 1 4
2014 2014
2 3
1 2 3 4 5=1+2+ 6 7=5-6 8
3+4
4
44.63 110.32 32.55 187.49 55.27 132.22
1. 2014 2015 1
2. 2014 2014
3. 2014 50%
2014 2015 2017 1/3
4.
(1) 2014 11 2014 12
2015 3 2015 4
2015 6
(2) 2015 2 2015 3 2015 4
2015 6
5. 2014 30 5
4 3
6. 2014 2014
40% 2014 2015 2017
1/3
7. 2014 2007
2014 4 1
8. 2014 20%
— 11 —
1398
4603
4604
84602
2015
2015 12 21
55 2015
1.
2.
3.
4.
5.
6. 2014
2015 11 6
— 12 —
(1)
H 2015 11 21 2015 12 21
2015 11 20 H
H 2015 11 20
H
183 17 1712–1716
(2)
H 24
H H
183 17M (852)
2862 8555 (852) 2865 0990
(3)
2015 12 1
55 100140 (86 10) 8101 1187 (86 10) 6610 6139
183 17M (852) 2862 8555 (852) 2865
0990
(4)
— 13 —