2013 1 23

456 83

(3)

28

2013 1 1

2012 12 20

(4)

[2012]45

21

1999 9

2013 1 21

13

(1)

456

[2009]36

[2010]9

(2)

CEPA

A
2012 6 29

A H

PE H

H H
H 2013

(1)

2012 A 2012
A IPO A IPO

1993 H

A IPO

170 H 20 170

(2)

(1)

1994 8 4 1993

2010

160

2003

5 2006 2

(2)

1999 7 14

[1999]83 83
H
1

2013 1 4 A IPO 882

2012 12 31 H 148 H

28

456 4 6000
5000

2000 6 9
2003 11 20

83

(8)

456

15

IPO 28

13 IPO 22
2

(1)

12 12

(2)

(1)

2006

B H

(3)

H H

H A

(4)

(5)

2006

(6)

(7)

83

QDII

QDII

QDII2

B H B H

QDIIQualified Domestic Institutional Investors H IPO

QDII

 H H

H IPO

A H

(2)

H IPO
H

A H IPO

(3)

H IPO
11

2003

H IPO IPO

A IPO

H A

B H IPO
2012 10 8

by request
B H

[2012]118

H IPO

(4)

A H IPO

A IPO

12

B H

IPO

/+ H

10

C H

H
A

2006 4 H

H A H

(5)

2006 4 H

13

13

H A

(1)

A H IPO
H A

A H A

H A
(2)

PN21

H A A H

H
9

10
11

A H A A

12

2001
12

13

A H A

PE H

A A

2006 H

H 45

20

15
5%

3%
2

QDII

QDII2

A+H

(1)

H IPO H

(2)

2005 75 2006 10
14

(3)

H A

B H
14

75 2005 10 21
[2005]75 10 2005 10 21

Tel8610

8519 2148

Emailyuyq@junhe.com

Tel8620

2805 9093

Emailzhangp@junhe.com

Tel852

2167 0006

Emaildwan@junhe.com

()

15

A
3

3000

5000 1

2000 2

3000

3000
3 3

3
5000

//

40

20

3
1

20
3

3
/12
3/
3
1
3

1
2
3/
3 1

()

2 2 1000
1 500
5000 2

30%

3000

1000 1
500 1 5000

2 30%

2000
3

2 2000

2
/1

2
2000
2

1
2
1

15

()

2
3

10

11

12

13

14

15

16

17

18

19
20

21

10

22

6 30

11

23
24
25

12

13

2
3
4

28

27

26

()

10

11

10

12

13