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中医对肥胖大体上可分为以下几种类型,即:暴食肥...

2019-05-27 04:01 来源:中国前沿资讯网

  中医对肥胖大体上可分为以下几种类型,即:暴食肥...

  Twojournalistslookatthescreenshowingthedamagedworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.byIlyaRepinduringapressconferenceattheRussianStateTretyakovGalleryinMoscowonMay28,hebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)RussianStateTretyakovGalleryofficialsattendapressconferenceafterIlyaRepinsworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.wasdamagedinMoscowonMay28,2018.-RussianpoliceonSaturdaysaidtheyarrestedamanforvandalisingoneofthebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)ARussianStateTretyakovGalleryemployeestandsneartheblankspacewhereIlyaRepinsworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.wasexhibitedinMoscowonMay28,2018.-RussianpoliceonSaturdaysaidtheyarrestedamanforvandalisingoneofthebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)

A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)Twojournalistslookatthescreenshowingthedamagedworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.byIlyaRepinduringapressconferenceattheRussianStateTretyakovGalleryinMoscowonMay28,hebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)RussianStateTretyakovGalleryofficialsattendapressconferenceafterIlyaRepinsworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.wasdamagedinMoscowonMay28,2018.-RussianpoliceonSaturdaysaidtheyarrestedamanforvandalisingoneofthebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)ARussianStateTretyakovGalleryemployeestandsneartheblankspacewhereIlyaRepinsworldfamouspaintingofthe16thcenturyRussianTsar,titledIvantheTerribleandhisSonIvanonNovember16,1581.wasexhibitedinMoscowonMay28,2018.-RussianpoliceonSaturdaysaidtheyarrestedamanforvandalisingoneofthebestknownworksof19thcenturypainterIlyaRepin,depictingIvantheTerriblekillinghisson,atagalleryinMoscow.(Photo/Agencies)

  Theloneliestpeopl,andtheiragemeanstheycantgetaroundliketheyusedto.人们通常认为老年人是孤独的。Theexhibitionof169displaysattheCapitalMuseuminBeijingincludessuchitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)VisitinganongoingexhibitionattheCapitalMuseumislikereadingabookabouteasternBeijing-JiFuTongHui(akeyjunctionontheoutskirtsofthecapitalcity)-whichareanaptdescriptionofTongzhou,-comprising169displays-eijings"sub-center".,awell-preservedancientcitydatingtotheWesternHanDynasty(206BC-AD24)chitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)YuPing,deputydirectoroftheBeijingmunicipaladministrationofculturalheritage,,dailyitems,pottery,constructionmaterialsandotherculturalrelicsfromthesiteareondisplay."The(Luxian)siteisuniquebecauseitistheonlydiscoveredcounty-levelcityruinsfromtheWesternHanDynasty,"saysGaoHongqing,curatoroftheexhibition."Itfillsavoidinourstudiesofurbanconstructionandlocalgovernmentstructurefromthatdynasty.",theLiaoDynasty(916-1125)madeBeijingoneofits"fivemetropolises",andin1153,theJurchenruleroftheJinDynasty(1115-1234)moveditscapitalcitytoBeijing,makingitthepoliticalcenterofnorthernChina."Duetoitspivotalposition,thestatusofTongzhoukeptgrowing,"chitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)ManyartifactsfromtheCapitalMuseumsowncollection,whichwerealsounearthedinTongzhou,(picturedtop)smovetomakeBeijingthecapitaloftheYuanDynasty(1271-1368)alsogaveaboosttoTongzhousfortunes,especiallyaftertheconstructionoftheGrandCanal,whichlinksBeijingandHangzhou,capitalofZhejiangprovince."Thecityexpandedandthepopulationalsogrewrapidly,"saysGao.",whichwastransportedviathecanalfromsouthernChina."Accordingtohistoricalrecords,thchitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)In1329,(acontainerthatcouldholdabout75kilograms),(1368-1644)andQing(1644-1911)ighriceatTongzhou,headofthemuseum,talksaboutaQingmapoftheGrandCanal,fromBeijingtoShandongprovince,fromthereignofYongzheng(1722-35).AccordingtoZheng,themapwastakentoJapanduringtheWarofResistanceAgainstJapaneseAggression(1931-45)butwasbroughtbacktoChinaaround2000."Youcanstillfindmanyfacilitiesthatexisttodayonthemap,"

  ,writes,designs,,hehasfallenintoanewhabitofartcreation:tuniquetoYixing,,novel,ShuiHuZhuan(OutlawsoftheMarsh),andhadtheseteapotsfiredinYixing.(PhotoprovidedtoChinaDaily)Askedwhyhestartedtheproject,Huangsimplysaid,"(Itsbecause)Ihadnothingtokilltime!"Hisfirstzishateapot,hewroteinthemorningandspenttheafternooncarvingonearthenwares,nce,courageandintegrityofthem.(PhotoprovidedtoChinaDaily)I"aburdenofhappiness".HesharedthemwiththeaudienceatanexhibitionthatendsattheNationalArtMuseumofChinaonTuesday.(PhotoprovidedtoChinaDaily)Theseteapotsshowhissenseofhumorandconveyhisviewsontherightandwrong."Anoldmanhadnothingtodo,sohefoundsomethinghecoulddo;inafashionableway,youcansayitsanoldguysperformanceart,",writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily),writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily),writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily)SingaporeanPrimeMinisterLeeHsienLoong(R)meetswithKimJongUn,chairmanoftheWorkersPartyofKorea(WPK)andchairmanoftheStateAffairsCommissionoftheDemocraticPeoplesRepublicofKorea(DPRK),inSingapore,onJune10,2018.(Xinhua/ThenChihWey)SingaporeanPrimeMinisterLeeHsienLoong(R)shakeshandswithKimJongUn,chairmanoftheWorkersPartyofKorea(WPK)andchairmanoftheStateAffairsCommissionoftheDemocraticPeoplesRepublicofKorea(DPRK),inSingapore,onJune10,2018.(Xinhua/ThenChihWey)

,writes,designs,,hehasfallenintoanewhabitofartcreation:tuniquetoYixing,,novel,ShuiHuZhuan(OutlawsoftheMarsh),andhadtheseteapotsfiredinYixing.(PhotoprovidedtoChinaDaily)Askedwhyhestartedtheproject,Huangsimplysaid,"(Itsbecause)Ihadnothingtokilltime!"Hisfirstzishateapot,hewroteinthemorningandspenttheafternooncarvingonearthenwares,nce,courageandintegrityofthem.(PhotoprovidedtoChinaDaily)I"aburdenofhappiness".HesharedthemwiththeaudienceatanexhibitionthatendsattheNationalArtMuseumofChinaonTuesday.(PhotoprovidedtoChinaDaily)Theseteapotsshowhissenseofhumorandconveyhisviewsontherightandwrong."Anoldmanhadnothingtodo,sohefoundsomethinghecoulddo;inafashionableway,youcansayitsanoldguysperformanceart,",writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily),writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily),writes,designs,,hehasfallenintoanewhabitofartcreation:carvingfiguresonearthenzishateapots.(PhotoprovidedtoChinaDaily)

  AviewoftheShangri-LaHotelinSingapore,June11,aHotela“specialeventarea”fortheperiodofJune10to14,fortheupcomingsummitbetweenUnitedStatesPresidentDonaldTrumpandDemocraticPeoplesRepublicofKoreasupremeleaderKimJong-un.(Photo:ChinaNewsService/MengXiangjun)GuardsworkattheShangri-LaHotelinSingapore,June11,aHotela“specialeventarea”fortheperiodofJune10to14,fortheupcomingsummitbetweenUnitedStatesPresidentDonaldTrumpandDemocraticPeoplesRepublicofKoreasupremeleaderKimJong-un.(Photo:ChinaNewsService/MengXiangjun)AviewoftheShangri-LaHotelinSingapore,June11,aHotela“specialeventarea”fortheperiodofJune10to14,fortheupcomingsummitbetweenUnitedStatesPresidentDonaldTrumpandDemocraticPeoplesRepublicofKoreasupremeleaderKimJong-un.(Photo:ChinaNewsService/MengXiangjun)AviewoftheShangri-LaHotelinSingapore,June11,aHotela“specialeventarea”fortheperiodofJune10to14,fortheupcomingsummitbetweenUnitedStatesPresidentDonaldTrumpandDemocraticPeoplesRepublicofKoreasupremeleaderKimJong-un.(Photo:ChinaNewsService/MengXiangjun)PolicecarsareseenneartheShangri-LaHotelinSingapore,June11,aHotela“specialeventarea”fortheperiodofJune10to14,fortheupcomingsummitbetweenUnitedStatesPresidentDonaldTrumpandDemocraticPeoplesRepublicofKoreasupremeleaderKimJong-un.(Photo:ChinaNewsService/MengXiangjun)

  PhototakenonMay28,2018showsflowersondisplayatthe53rdFloraartInternationalGardenExhibitioninZagreb,(Xinhua/SandraSimunovic)PhototakenonMay28,2018showsflowersondisplayatthe53rdFloraartInternationalGardenExhibitioninZagreb,(Xinhua/SandraSimunovic)Twowomenposeduringthe53rdFloraartInternationalGardenExhibitioninZagreb,capitalofCroatia,May28,(Xinhua/SandraSimunovic)Peoplevisitthe53rdFloraartInternationalGardenExhibitioninZagreb,capitalofCroatia,May28,(Xinhua/SandraSimunovic)研究:选择性记忆代表智商更高偶尔健忘有益健康Study:Beingforgetfulmightactuallymeanyou—infact,selectivememorycanevenbeasignofstrongerintelligence.如果事事牢记不是你的强项,你可以放心了。

  StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)StaffmembersattheInsectMuseumofWestChinafoundafive-hornedrhinocerosbeetlewithfourlargehornsonitsprothoraxandoneextra-longcephalichornonQingchengMountaininChengduCity,osbeetlefoundintheprovince.(Photo:ChinaNewsService/ZhaoLi)

  (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.AmancarrieshiswifewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoveranobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoverawaterobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoverawaterobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)AmancarrieshiswifewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)

  Aprivatelyownedfloatingrestaurant"ARKdeckbar"sinksnearMumbaisBandra-WorliSealink,India,at7:,May25,(Photo/Agencies)Aprivatelyownedfloatingrestaurant"ARKdeckbar"sinksnearMumbaisBandra-WorliSealink,India,at7:,May25,(Photo/Agencies)Aprivatelyownedfloatingrestaurant"ARKdeckbar"sinksnearMumbaisBandra-WorliSealink,India,at7:,May25,(Photo/Agencies)Aprivatelyownedfloatingrestaurant"ARKdeckbar"sinksnearMumbaisBandra-WorliSealink,India,at7:,May25,(Photo/Agencies)

  A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)A67-million-yearoldfemaleTyrannosaurusRexdiscoveredintheUnitedStatesin2013isreadyforanexhibitionattheNationalMuseumofNaturalHistoryinParis,"UnT-RexaParis",2018,displayingoneofthemostcompleteskeletonsofthedinosaurintheworld.(Photo/Agencies)

  FivepercentofadultsinEngland,oronein20saytheyoftenoralwaysfeellonely,and16percentofadultsreportedfeelinglonelysometimesand24percentoccasionally,asurveypublishedTuesdaybytheOfficeforNationalStatistics(ONS)nelymoreoftenthanmen,withthoseskfromloneliness:widowedolderhomeownerslivingalonewithlong-termhealthconditions,unmarriedmiddle-agedpeoplewithlong-termhealthconditionsandyoungpeoplelivinginrentedaccommonely,ysomeofthetime,,marriedhomeownersingoodhealthlivingwithothershavethelowestlikelihoodofloneliness,,:"Aspartofourworkonnationalwellbeing,wehavespenttimeexaminingthecharacteristicsandcircumstancesthatareassociatedwithpeoplesfeelingsofloneliness.""Todaysfindingscanbeusedtodeveloppolicyandinitiativesthataretargetedtosupportthoseatgreatestriskofloneliness,"astrategytoalleviatelonelinessinresponsetoareportbytheCommissiononLoneliness.  AsleepingcontestisheldinSeoulForestinSouthKorea,May27,,500peopleappliedtojointhecontestforitsthirdedition,withthelongestsleeperthewinner.(Photo/VCG)AsleepingcontestisheldinSeoulForestinSouthKorea,May27,,500peopleappliedtojointhecontestforitsthirdedition,withthelongestsleeperthewinner.(Photo/VCG)AsleepingcontestisheldinSeoulForestinSouthKorea,May27,,500peopleappliedtojointhecontestforitsthirdedition,withthelongestsleeperthewinner.(Photo/VCG)

  

  中医对肥胖大体上可分为以下几种类型,即:暴食肥...

 
责编:
Theexhibitionof169displaysattheCapitalMuseuminBeijingincludessuchitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)VisitinganongoingexhibitionattheCapitalMuseumislikereadingabookabouteasternBeijing-JiFuTongHui(akeyjunctionontheoutskirtsofthecapitalcity)-whichareanaptdescriptionofTongzhou,-comprising169displays-eijings"sub-center".,awell-preservedancientcitydatingtotheWesternHanDynasty(206BC-AD24)chitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)YuPing,deputydirectoroftheBeijingmunicipaladministrationofculturalheritage,,dailyitems,pottery,constructionmaterialsandotherculturalrelicsfromthesiteareondisplay."The(Luxian)siteisuniquebecauseitistheonlydiscoveredcounty-levelcityruinsfromtheWesternHanDynasty,"saysGaoHongqing,curatoroftheexhibition."Itfillsavoidinourstudiesofurbanconstructionandlocalgovernmentstructurefromthatdynasty.",theLiaoDynasty(916-1125)madeBeijingoneofits"fivemetropolises",andin1153,theJurchenruleroftheJinDynasty(1115-1234)moveditscapitalcitytoBeijing,makingitthepoliticalcenterofnorthernChina."Duetoitspivotalposition,thestatusofTongzhoukeptgrowing,"chitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)ManyartifactsfromtheCapitalMuseumsowncollection,whichwerealsounearthedinTongzhou,(picturedtop)smovetomakeBeijingthecapitaloftheYuanDynasty(1271-1368)alsogaveaboosttoTongzhousfortunes,especiallyaftertheconstructionoftheGrandCanal,whichlinksBeijingandHangzhou,capitalofZhejiangprovince."Thecityexpandedandthepopulationalsogrewrapidly,"saysGao.",whichwastransportedviathecanalfromsouthernChina."Accordingtohistoricalrecords,thchitemsasaQingDynasty(1644-1911)mapoftheGrandCanal,andotherculturalrelicslikedailyitems,potteryandconstructionmaterials.(PhotoprovidedtoChinaDaily)In1329,(acontainerthatcouldholdabout75kilograms),(1368-1644)andQing(1644-1911)ighriceatTongzhou,headofthemuseum,talksaboutaQingmapoftheGrandCanal,fromBeijingtoShandongprovince,fromthereignofYongzheng(1722-35).AccordingtoZheng,themapwastakentoJapanduringtheWarofResistanceAgainstJapaneseAggression(1931-45)butwasbroughtbacktoChinaaround2000."Youcanstillfindmanyfacilitiesthatexisttodayonthemap,"

买股买基总被套?牛人真金白银带你赚,高手10天即赚2.73%,一键跟投超方便!新浪基金实盘大赛火热进行中,百看不如亲自体验,参赛涨收益又涨知识,15万大奖等你拿!【我要参赛】!

  原标题:国内量化基金发展之路

  中国基金报记者 张筱翠

  量化投资是利用现代统计学、数学等方法,从海量数据中寻找能够带来超额收益的多种“大概率”策略,并按照这些策略所选出的股票进行投资,力求取得稳定的、可持续的、高于平均的超额回报。

  在刚刚过去的2016年,量化投资基金以出色的业绩成功赢得市场的认可,“国内量化投资的发展历程可谓是柳暗花明又一村,其中的曲折和艰难,只有在这个领域深耕细作的人,才有最直观的体会。”国内一家公募基金量化投资总监如是说。

  在海外,量化投资至今已有三十年的发展历史,国内量化投资可以分为三个发展阶段。

  第一阶段是2010年之前的投资工具时代。这一时期主要是公募基金的指数型和类指数型产品,主要特点是高Beta,主要用途是交易工具。

  第二阶段是2011年~2015年的资产配置时代。随着2010年4月沪深300指数期货的上市,A股市场终于迎来对冲时代,从2010年下半年开始,套利和市场中性策略等所谓量化对冲产品逐渐兴起,并在2014、2015年发展至高潮,这一时期量化产品以低风险稳健收益为主,一般是投资者做资产配置的较好选择。

  第三阶段是2016年以后的财富管理时代。2015年9月中金所对股指期货实施史上最严厉监管后,期货市场流动性趋于枯竭,在此情境下,市场上已经聚集起来的量化团队开始逐步转型,一方面,从低收益低风险的套利对冲策略,逐步向多空策略、股票多头策略转变,另外一方面,从股指期货向商品期货、国债期货等品种的CTA策略转变;在业内人士看来,当时看似被动的转型,实则开辟了量化投资的新时代。

  历经前几个阶段的发展过程,业内人士乐观预期,在未来的三到五年,量化投资基金或将迎来“黄金时代”。

  首先,量化投资策略的可复制性强,一旦某个策略模型业绩得到验证,该类产品可以在短时间内大量复制;其次,量化投资获得绝对收益的概率较大,量化投资充分利用各种衍生对冲工具及套利策略思想,可以在波动巨大的资本市场中获得相对稳定的绝对收益;第三,量化投资可以一定程度上避免内幕交易,由于量化投资依赖模型,持仓特别分散,避免内幕交易、老鼠仓等道德风险,有利于国内市场的长期健康发展。

责任编辑:徐巧 SF184

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