中国国债期货与隐含择券期权定价

本文提出了一种双树拼接的改进BDT模型,在此基础上发展出两种方法为中国市场上的国债期货和择券期权定价。其中"直接定价法"直接使用双树拼接树图,"两步定价法"则是经期权调整的持有成本模型。对中国TF1403和T1603国债期货合约的实证研究表明,两种方法都是合理的,且各有优势,"两步定价法"与市场价格差异较小,"直接定价法"与市场价格同步性较高。     

股票市场的长记忆及其动态结构

本文提出了结合平均小波系数法和自回归原始自助法的稳健长记忆检验,蒙特卡罗模拟显示该方法对于短期记忆过程具有稳定性。基于该方法对2005年4月8日至2015年6月30日的中国、美国、香港和德国股市进行了实证分析。全局检验结果表明仅中国的股票市场存在显著的长记忆,并且风险因素无法对长记忆解释,而美国、德国和香港的股市不存在长记忆。基于递增窗口的动态Hurst指数分析显示,金融危机时期4个股市都存在显著的长记忆。2010年后,除中国股市外,其余三个股市几乎不存在长记忆现象。     

基于向后逐步回归模型的我国农机需求特征及影响因素研究

以2004-2014年数据为样本,以农机总动力为因变量,以农机购置补贴、农机价格、农机作业服务价格、农户人均纯收入、农产品价格、农业劳动力数量和农作物播种总面积为自变量构建了我国农机需求影响因素的回归方程,向后逐步回归结果表明:(1)除农作物播种总面积、农机作业服务价格、农产品价格之外,其余变量对农机总动力的影响均统计上显著;(2)农机购置补贴、农机价格指数、农户人均纯收入及农业劳动力四个变量对农机需求的弹性系数分别为0.027、-0.004、0.457、0.474。最后根据研究结果提出加大与落实农机购置补贴、规范农机价格、培育新型经营主体、加速土地规范流转等政策建议。     

Exploratory Purification of Compounds from Aqueous Extracts of <Emphasis Type="Italic">Pinus massoniana</Emphasis> Lamb. by Two-Dimensional Preparative Liquid Chromatography

An off-line orthogonal two-dimensional preparative liquid chromatography method was developed for isolation of high-purity compounds from aqueous extracts of Pinus massoniana Lamb., which has efficient therapeutic properties in recipes of traditional Chinese medicines. A polar-enhanced reversed-phase (RP) column, XAqua C18 was selected for the first-dimensional separation. A HILIC column and a hydrophobic RP column were both explored in the second dimension. The preparation results indicated hydrophilic RP × HILIC mode would provide better separation efficiency for polar complexes, i.e., the second-dimensional separation was finished in less than 30 min and high-purity compounds were obtained. In this work, 16 fractions were collected efficiently in the first dimension with a recovery up to 96%, and six compounds with high purity and enough quantity were identified by NMR and high resolution mass spectrometry, including epicatechin, betuloside, taxifolin-3-O-xyloside, cedrusin-4-O-glucoside, massonianoside C and massonianoside D, and five are glycosides, including flavonoid glycosides, lignanoid glycosides and an arylbutanoid glycoside. Betuloside was first reported in the preparation of Pinus massoniana Lamb. This work demonstrated a flexible strategy of compromise in between time and resolution for selecting solvent and column to enhance preparative efficiency of polar complex systems.     

Analysis of Glycocholic Acid in Human Plasma and Urine from Hepatocellular Carcinoma Patients

Glycocholic acid (GCA) has been identified as endogenous biomarker for hepatocellular carcinoma (HCC). To dissolve protein and liberate GCA from protein, ionic liquids (ILs) that contain chaotropic ions were used for pretreatment of liquid biological samples. Coupling with solid-phase extraction (SPE) and reversed-phase high-performance liquid chromatography (RP-HPLC), the novel sample pretreatment method was applied for quantitative determination of GCA in urine and plasma samples. Compared with the traditional organic solvents pretreatment of biological samples, the proposed method is “greener” and simpler, due to no use of volatile organic solvent, and avoiding centrifugation. Under the optimal conditions, when the GCA-free urine and plasma samples were spiked with GCA at 0.05–1.0 and 0.2–10 μmol L^?1, the recoveries of GCA ranged between 95.8–101.6 and 96.9–100.4%, respectively. These procedures only required 1 mL of urine and 3 mL of 3 mM ILs aqueous solution and 100 μL of plasma and 4 mL of 2 mM ILs aqueous solution, respectively. The proposed method has been successfully validated on a small sample size of 14 HCC patients and 14 healthy volunteers. For HCC patients, the mean concentration of GCA was 24.79 ± 6.86 and 31.98 ± 11.12 μmol L^?1 in urine and plasma samples, and was about 3 times and 24 times as much as in healthy people, respectively. The proposed method opens up a new possibility in early diagnosis of HCC.     

Accurate Determination of Tributyltin in Tannery Wastewater by a New Procedure Using ID-HPLC–ICP-MS Combined with Low Temperature Extraction

Isotope dilution mass spectrometry is recognized as a primary method to obtain traceable values in the measurement of substances including trace elements and their organometallic compounds. This paper reports a novel method where isotope dilution high performance liquid chromatography inductively coupled plasma mass spectrometry (ID-HPLC–ICP-MS) was combined with low temperature extraction for the determination of tributyltin (TBT) in tannery wastewater from the leather industry. It has been found that the liquid–liquid extraction at very low temperature is in the favor of extraction of organotin, as the enrichment factor for low temperature (?80 °C) extraction was about 1.3 times higher than for extraction at room temperature (20 °C). The method detection limit of TBT, obtained from the proposed ID-HPLC–ICP-MS procedure after extraction with a sample volume of 7.5 by 2.5 mL of organic phase, was found to be 0.13 ng g^?1. When TBT was determined in a range of 10–1000 ng g^?1 in tannery wastewater samples, the analyte recoveries were in the range 90.1–107.2% with relative standard deviations of between 2.0 and 7.2%. Finally, the new method of ID-HPLC–ICP-MS combined with low temperature extraction was applied to the determination of TBT in actual tannery wastewater. The TBT contents from three different tanning procedures (chrome tanning, vegetable tanning and aldehyde tanning), expressed as the mean ± the expanded uncertainty (k = 2) were 378.65 ± 20.38, 110.04 ± 5.96 and 690.17 ± 35.31 ng g^?1, respectively.     

Quantum reaction dynamics of C(1D) + HD → CH(CD) + D(H) on the ground state potential energy surface

We present accurate quantum dynamic calculations of the reaction C(¹D) + HD on the latest version of the potential energy surface [Zhang et al., J. Chem. Phys. 140, 234301 (2014)]. Using a Chebyshev real wave packet method with full Coriolis coupling, we obtain the initial state‐specified ( ) reaction probabilities, integral cross sections, and rate constants. The resulting probabilities display oscillatory structures due to numerous long‐lived resonances supported by the deep potential well. The calculated rate constants and CD/CH product branching ratio at room temperature are in reasonably good agreement with the experimental measurements.     

Hierarchy of equations to calculate the linear spectra of molecular aggregates: Time‐dependent and frequency domain formulation

In a recent publication (Ritschel et al., J. Chem. Phys. 2015, 142, 034115) we have derived a hierarchy of coupled differential equations in time domain to calculate the linear optical properties of molecular aggregates. Here, we provide details about issues concerning the numerical implementation. In addition we present the corresponding hierarchy in frequency domain.     

Time‐Resolved Energetics of Photoprocesses in Prokaryotic Phytochrome‐Related Photoreceptors

Time‐resolved photoacoustics (PA) is uniquely able to explore the energy landscape of photoactive proteins and concomitantly detects light‐induced volumetric changes (ΔV) accompanying the formation and decay of transient species in a time window between ca. 20 ns and 5 μs. Here, we report PA measurements on diverse photochromic bilin‐binding photoreceptors of prokaryotic origin: (1) the chromophore‐binding GAF3 domain of the red (R)/green (G) switching cyanobacteriochrome 1393 (Slr1393g3) from Synechocystis; (2) the red/far red (R/FR) Synechocystis Cph1 phytochrome; (3) full‐length and truncated constructs of Xanthomonas campestris bacteriophytochrome (XccBphP), absorbing up to the NIR spectral region. In almost all cases, photoisomerization results in a large fraction of energy dissipated as heat (up to 90%) on the sub‐ns scale, reflecting the low photoisomerization quantum yield (<0.2). This “prompt” step is accompanied by a positive ΔV₁ = 5–12.5 mL mol^?1. Formation of the first intermediate is the sole process accessible to PA, with the notable exception of Slr1393g3‐G for which ΔV₁ = +4.5 mL mol^?1 is followed by a time‐resolved, energy‐conserving contraction ΔV₂ = ?11.4 mL mol^?1, τ₂ = 180 ns at 2.4°C. This peculiarity is possibly due to a larger solvent occupancy of the chromophore cavity for Slr1393g3‐G.