billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Any market making arrangements do not, however, assure an active trading market for the Notes.

assistant: 然而，任何市場莊家安排並不確保票據將形成一個交投活躍的市場。
user: Please translate the following sentence from English to Chinese: The costs of passive currency-hedging overlay and gains/losses from hedging transactions are borne by the relevant Hedged Equivalent Class(es).

assistant: 被動式多重貨幣對沖的費用及對沖交易的收益/虧損由有關對沖同等類別承擔。
user: Please translate the following sentence from English to Chinese: In such event, all the assets held by the QFII Holder as a QFII for or on account of the compartments will be liquidated and repatriated to the compartments in accordance with applicable laws and regulations and the provisions of the agreement between the compartments and the QFII Holder.

assistant: 在該情況下，Q F I I 持有人作爲 Q F I I 爲或因成分基金而持有的所有資產，將會根據適用法律和法規及成分基金與 Q F I I 持有人之間的協議條文清盤及匯回成分基金。
user: Please translate the following sentence from English to Chinese: CONFLICTS OF INTEREST For details of the Manager’s current policy on conflicts of interest, please refer to the section entitled “CONFLICTS OF INTEREST” in Section A – Consolidated Explanatory Memoranda of Asia Pacific Equity Funds.

assistant: 利益衝突 請參閱第A節－亞太區股票基金的綜合基金說明書內「利益衝突」一節，瞭解經理人現時有關利益衝突的政策的詳情。
user: Please translate the following sentence from English to Chinese: Please refer to the sub-section “Anti-Dilution Pricing Adjustment Mechanism” below.

assistant: 請參閱下文「反攤薄定價調整機制」分節。
user: Please translate the following sentence from English to Chinese: The AEOI rules as implemented by Hong Kong require the relevant FIs to(i) conduct due diligence on its accounts (i.e., Unitholders) to identify whether any such accounts are considered "Reportable Accounts" for AEOI purposes;

assistant: 香港實施的自動交換資料規則要求有關財務機構(i)爲其帳戶（即單位持有人）進行盡職審查程序，以識辨任何該等帳戶對自動交換資料而言乃「須申報帳戶」；
user: Please translate the following sentence from English to Chinese: 2. The Fund may invest via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect into A-shares on an ancillary basis.

assistant: 2. 本基金可透過滬港股票市場交易互聯互通機制和深港股票市場交易互聯互通機制投資於 A 股，作爲輔助投資。
user: Please translate the following sentence from English to Chinese: The performance fee is calculated on the basis of the NAV after deduction of all expenses, liabilities, and management fees (but not performance fee), and is adjusted to take account of all Subscriptions and Redemptions.

assistant: 表現費乃按扣除一切開支、債務及管理費（但不計表現費）後的資產淨值計算，並予以調整以計及全部認購及贖回。
user: Please translate the following sentence from English to Chinese: The Shareholder agrees to update the SICAV, the Sub-Fund and/or the Management Company, Investment Manager or Investment Sub-Manager in a timely manner of any change to any of the details previously provided to the SICAV, the Sub-Fund and/or the Management Company, Investment Manager or Investment Sub-Manager whether at time of subscription or at any other times.

assistant: 股東同意，如在先前，不論是在認購時或於任何其他時間向SICAV、子基金及╱或管理公司、投資經理或投資副經理提供的任何詳細資料有任何更改，將在適當時候向SICAV、子基金及╱或管理公司、投資經理或投資副經理作出更新。
user: Please translate the following sentence from English to Chinese: or - a sub-fund thereof, the merger decision shall be adopted by the general meeting of the Shareholders with (a) a presence quorum requirement of at least 25% of the share capital of the Company and (b) a majority requirement of at least 75% of the Shareholders present or represented.

assistant: 或 - 其子基金，合併決定須待股東大會採納，並符合 (a)出席法定人數佔本公司股本至少 25%的規定及(b)不少於 75%股東親身或委派代表出席的過半數規定。
user: Please translate the following sentence from English to Chinese: This activity will not normally be classed as disruptive trading unless the activity becomes, in the opinion of the Board of Directors or the Management Company, too frequent or appears to follow a timing pattern.

assistant: 這種活動通常不被列入破壞性買賣活動，除非董事會或管理公司認爲該活動過於頻繁，或似乎遵循一定的時間規律。
user: Please translate the following sentence from English to Chinese: Interest not so paid becomes payable in each case if such a dividend is subsequently paid or in certain other circumstances.

assistant: 倘股息其後派付或出現若干其他情況，並未派付之利息在各種情況下將成爲應派付之利息。
user: Please translate the following sentence from English to Chinese: means the period commencing 9.00 a.m. (Hong Kong time) on 8 August 2005 and ending 5.30 p.m. (Hong Kong time) on 26 August 2005 or such earlier or later date as further set out under the section headed “Summary of the Terms and Conditions of the Securities” on page 40 of this Issue Prospectus.

assistant: 指由二零零五年八月八日上午九時正（香港時間）至二零零五年八月二十六日下午五時三十分（香港時間）的期間，或詳情載於本發行章程第 40頁「證券的條款及條件概要」一節所述的較早或較後日期。
user: Please translate the following sentence from English to Chinese: The redemption monies payable will be expressed in the denominated currency of the Portfolio and payment will normally be made in that currency.

assistant: 應付之贖回款項將以投資組合的計價貨幣列值，而付款將通常以該貨幣作出。
user: Please translate the following sentence from English to Chinese: (a) there will at all times be a Principal Paying Agent and a Paying Agent, which may be the Principal Paying Agent, with its specified office in a country outside Belgium and the Cayman Islands;

assistant: (a) 任何時候需有一名主要付款代理及一名付款代理（可爲主要付款代理），而其指定辦事處位於比利時及開曼羣島以外國家；
user: Please translate the following sentence from English to Chinese: No person has been authorised by the Company or the ACD to give any information or to make any representations in connection with the offering of Shares other than those contained in the Prospectus and, if given or made, such information or representations must not be relied on as having been made by the Company or the ACD.

assistant: 本公司或受權公司董事並無授權其他人士提供或作出任何有關發售股份的資料或聲明（說明書所載者除外），投資者不應將該等資料或聲明（如有提供或作出）視作由本公司或受權公司董事作出而加以倚賴。
user: Please translate the following sentence from English to Chinese: Substantially all of the Fund’s investments in debt instruments are rated investment grade.

assistant: 基金的幾乎全部債務工具投資都獲投資級評級。
user: Please translate the following sentence from English to Chinese: (i) the safekeeping of the assets of the Company

assistant: (i) 保管本公司資產；
user: Please translate the following sentence from English to Chinese: Regarding Share Transactions Your financial adviser may charge you additional fees or commissions other than those disclosed in this Prospectus.

assistant: 有關股份交易除了本基金章程中所披露者外，閣下的財務顧問可能會向閣下收取額外的費用或傭金。
user: Please translate the following sentence from English to Chinese: Currently, distributions and gains on disposal of units in the overseas trust units are considered as foreign sourced income and therefore not taxed in Taiwan in accordance with the Taiwan Income Tax Act.

assistant: 目前，出售海外信託單位內的單位所得的分派及增值被視爲源自境外的收入，而因此按照《臺灣所得稅法》毋須於臺灣繳稅。
user: Please translate the following sentence from English to Chinese: The Depositary may delegate to third parties the safe-keeping of the Company’s assets subject to the conditions laid down in the applicable laws and regulations and the provisions of the Depositary Agreement.

assistant: 存管人可根據適用法律及法規所訂定條件及存管人協議的條款將保管本公司資產的職能轉授予第三方負責。
user: Please translate the following sentence from English to Chinese: Due to issues relating to liquidity and repatriation of capital, the Company may determine from time to time that making direct investments in certain securities may not be appropriate for a Fund.

assistant: 基於有關流動性及匯回資金等問題，本公司可不時決定基金不宜直接投資於某些證券。
user: Please translate the following sentence from English to Chinese: The Manager will notify unitholders when such accounts (accompanied by the required reports), in printed and electronic forms are available and where such accounts may be obtained. Copies of audited accounts and unaudited semi-annual reports may be obtained free of charge at the registered office of the Manager and from the Schroders’ Internet site (www.schroders.com.hk).

assistant: 當發佈該等帳目（連同所須報告）的印刷版和電子版可供索取時，經理人將就此通知單位持有人。 已審覈年度報告和未經審覈半年度報告可在經理人的註冊辦事處免費索取，及瀏覽施羅德網站(www.schroders.com.hk)。
user: Please translate the following sentence from English to Chinese: Our structured products may be issued in the form of notes.

assistant: 本公司的結構性產品可以票據形式發行。
user: Please translate the following sentence from English to Chinese: The registered office and principal place of business of Lehman Brothers Treasury Co. B.V. is at Officia 1, 2nd Floor, De Boelelaan 7, 1083 HJ Amsterdam, The Netherlands.

assistant: Lehman Brothers Treasury Co. B.V.的註冊辦事處及主要營業地點爲Officia 1, 2nd Floor, De Boelelaan 7, 1083 HJ Amsterdam, The Netherlands。
user: Please translate the following sentence from English to Chinese: While some strategies involving derivative instruments can reduce the risk of loss, they can also reduce the opportunity for gain or even result in losses by offsetting favorable price movements in other Fund investments.

assistant: 儘管部分涉及衍生工具的策略可減輕虧損風險，但亦可減低獲利機會，甚或因抵銷基金其他投資項目的利好價格走勢而導致虧損。
user: Please translate the following sentence from English to Chinese: When aggregate foreign shareholding of an individual A-share listed company exceeds the 30% threshold, the foreign investors concerned will be requested to sell the relevant A-shares on a last-in-first-out basis within 5 trading days.

assistant: 倘若海外投資者於單一中國 A 股上市公司的總持股量超過 30% 的限制，相關海外投資者須根據「後買先賣」的原則於五個交易日內賣出相關 A 股。
user: Please translate the following sentence from English to Chinese: Assume that the initial prices and the limit prices of the commodities are as follows:

assistant: 假設各商品之最初價格及限價如下：
user: Please translate the following sentence from English to Chinese: In the event that RQFII quota allocated to such China ETF and/or the daily quota under the China Connect are reached, the manager may need to suspend creation of further units of such China ETF, and therefore may affect liquidity in unit trading of the China ETF.

assistant: 倘已達至分配予中國交易所買賣基金的 RQFII 額度及╱或中華通下的每日額度，則基金經理或需暫停增設中國交易所買賣基金的額外單位，因此可能影響中國交易所買賣基金的單位買賣的流通性。
user: Please translate the following sentence from English to Chinese: MAS Notice to Banks No. 637 “Notice on Risk Based Capital Adequacy Requirements for Banks incorporated in Singapore” dated 28 May 2004 sets out the current requirements relating to the minimum capital adequacy ratios for a bank incorporated in Singapore and the methodology a bank incorporated in Singapore shall use for calculating these ratios.

assistant: 日期爲 2004 年 5 月 28 日的新加坡金融管理局發出的銀行通告第 637 號「關於在新加坡註冊成立的銀行的以風險爲基礎的資本充足比率要求」規定有關在新加坡註冊成立的銀行最低資本充足比率的即期要求及在新加坡註冊成立的銀行用以計算此等比率的方法。
user: Please translate the following sentence from English to Chinese: Any Extraordinary Resolution duly passed shall be binding on Securityholders (whether or not they were present at the meeting at which such resolution was passed).

assistant: 任何正式通過的特別決議案對證券持有人（不論是否出席通過該決議案的大會）具約束力。
user: Please translate the following sentence from English to Chinese: Such circumstances include the passing of any law which renders it illegal to continue the Fund.

assistant: 此等情況包括因通過任何法律而導致本基金之繼續屬違法。
user: Please translate the following sentence from English to Chinese: Prices of commodities and values of commodity-linked derivatives may be influenced by a number of factors, including but not limited to, overall market movements, changing supply and demand relationships, changes in interest rates and exchange controls.

assistant: 商品的價格及商品掛鉤衍生工具的價值可能受多項因素影響，包括但不限於整體市場變動、供求關係改變、利率變動及外匯管制等。
user: Please translate the following sentence from English to Chinese: 9.5 Administration Servicing Fee The Fund incurs an administration servicing fee (the “Administration Servicing Fee”) of 0.05% to 0.30% per annum of the Net Asset Value of the relevant Share Class, accrued on each Valuation Day and payable monthly in arrears.

assistant: 9.5 行政服務費 本基金之行政服務費(「行政服務費」)爲相關股份類別每年資產淨值之 0.05%至 0.30%，於每一估值日累算，並於每月事後支付。
user: Please translate the following sentence from English to Chinese: The program requires use of new information technology systems which may be subject to operational risk due to its cross-border nature.

assistant: 該機制需要利用新的資訊科技系統，由於涉及跨界性質，故可能承受操作風險。
user: Please translate the following sentence from English to Chinese: Once triggered, the redemption deferral mechanism would apply on the dealing day (day T) which the relevant Fund decides to invoke such mechanism and for the period of four dealing days following such day.

assistant: 延遲贖回機制一經觸發，將於有關基金決定引用該機制的交易日(T 日)適用，並從該日起爲期四個交易日。
user: Please translate the following sentence from English to Chinese: (v) the length of the scheduled tenor;

assistant: (v) 預定期的長短；
user: Please translate the following sentence from English to Chinese: Thus, effective immediately, all references relating to RCM Asia Pacific Limited and RCM AP in the Prospectus are changed to Allianz Global Investors Asia Pacific Limited and AllianzGI AP respectively.

assistant: 因此，由即日起，說明備忘錄內凡提及 RCM Asia Pacific Limited 及 RCM AP 之處，均以安聯環球投資亞太有限公司及 AllianzGI AP / 安聯投資亞太取代之。
user: Please translate the following sentence from English to Chinese: In the event that any material change is proposed in the structure of the Company, including, without limitation, any amendment of the Company’s constitutive documents, changes in investment objectives and policies of the Funds, or any appointment of a new Investment Manager, Sub-Investment Manager or Depositary, the Investment Manager or the Representative shall seek the SFC’s approval.

assistant: 本公司若擬對其架構作出任何重大變更，包括（但不限於）對本公司的組織文件作出任何修訂，更改基金的投資目標及政策，或委任新投資經理、副投資經理或保管人，投資經理或香港代表須徵求證監會批准。
user: Please translate the following sentence from English to Chinese: the interest charges on borrowing arrangements with such persons and the fees (if any) for arranging or terminating the arrangement shall be at a rate not higher than is in accordance with normal banking practice, the commercial rate for borrowing arrangements of that size and nature;

assistant: 與該等人士訂立的借貸安排的利息收費及就安排或終止有關借貸安排所收取的費用（如有），不得高於根據一般銀行慣例，就相同規模及性質的借貸安排所收取的商業利率；
user: Please translate the following sentence from English to Chinese: IV. Unauthorised Investments\n

assistant: IV. 未經認可投資\n
user: Please translate the following sentence from English to Chinese: Asset Class Allocation Limits For the specific groups of asset classes described in the table below, the sub-fund has a total maximum net allocation defined as follows where all long/short positions within each asset class are netted*:

assistant: 本附屬基金對下表所述的特定資產類別的最高總配置淨額如下，各資產類別內所有長倉∕短倉抵銷 *：
user: Please translate the following sentence from English to Chinese: In order to be considered an equity fund or mixed fund - and therefore in order to enable the shareholder to benefit from tax relief - a UCITS investment fund must comply with certain minimum investment ratios in “equity participations” (as defined in section 2 sub-section 8 of the German ITA) on a permanent basis.

assistant: UCITS投資基金必須永久符合「股權參與」(定義見德國投資稅法第2節第8分節) 的若干最低投資比率規定，纔會被視作爲一項股票基金或混合基金，從而使股東得以獲享稅務減免優惠。
user: Please translate the following sentence from English to Chinese: Details of the duration of the JP Morgan Emerging Markets Bond Index Global will be available from the Investment Advisor upon request.

assistant: JP 摩根全球新興巿場債券指數的存續期的詳情可向投資顧問索取。
user: Please translate the following sentence from English to Chinese: 6) The Delegation of Management Agreements concluded between the Management Company on the one hand and the various Investment Managers on the other;

assistant: 6) 管理公司與不同投資經理所簽訂的委託管理協議；
user: Please translate the following sentence from English to Chinese: (v) paragraphs 3 and 26(a) of the Third Schedule, on the basis that compliance would be irrelevant as such paragraphs have been satisfied by reading together this Issue Prospectus, the Programme Prospectus and the Addendum;

assistant: (v)就附表三第3及26(a)段而言，由於將本發行章程、計劃章程及附錄一併閱讀已符合該等段落的條文規定，故遵照該等規定並不相關；
user: Please translate the following sentence from English to Chinese: Series 10 (HKD notes):

assistant: 系列10（港元票據）：
user: Please translate the following sentence from English to Chinese: means the People’s Bank of China and its successors in title. means, in the context of calculating the performance fee (please refer to Section 9.4.2), unless otherwise resolved by the Directors (in respect of which Shareholders shall receive one month’s prior written notice) the financial year of the Company.

assistant: 指中國人民銀行及其職務繼承人。 對於計算業績表現費（請參見第 9.4.2 節），除非董事會另有決定（就此股東應收到一個月事先書面通知），否則是指本公司的財政年度。
user: Please translate the following sentence from English to Chinese: and (iv) the payment instructions for the redemption proceeds and (v) the registered account number with the Fund.

assistant: 贖回款項的指示及(v) 本基金的登記帳戶號碼。
user: Please translate the following sentence from English to Chinese: The three principal areas of foreign currency risk are where movements in exchange rates affect the value of investments, short-term timing differences or income received.

assistant: 外匯風險的三個主要範圍包括匯率變動對投資價值、短期時差或所得收益所造成的影響。
user: Please translate the following sentence from English to Chinese: Shares issued can be cancelled by the Hong Kong representative if payment for Shares is not matched within this period and the applicant will indemnify the SICAV, the management company, investment manager or other relevant parties the difference between payment for the Share application and redemption plus any bank charges.

assistant: 若股份的款項未能在此期限內支付，已發行的股份可被香港代表人註銷，則申請人須向 SICAV、管理公司、投資經理或其他有關人士彌償股份申請與贖回之間的差額及任何銀行費用。
user: Please translate the following sentence from English to Chinese: Further information about the Stock Connects is available online at the website:

assistant: 有關互聯互通機制的進一步資料，可瀏覽以下網站。
user: Please translate the following sentence from English to Chinese: The Compartment’s investment universe will not be limited to any particular region (including emerging countries).

assistant: 本成分基金的投資範圍將不限於任何特定地區（包括新興國家）。
user: Please translate the following sentence from English to Chinese: Non-trading transactions are accounted for on an equivalent basis to the underlying assets, liabilities or net positions.

assistant: 非交易用途之交易乃按相關資產、負債或持倉淨額之相同基準入賬。
user: Please translate the following sentence from English to Chinese: during any period (other than ordinary holidays or customary weekend closings) when any market or stock exchange is closed which is the principal market or stock exchange for a significant part of a Fund’s investments, or in which trading is restricted or suspended;

assistant: 基金投資的主要市場或證券交易所關閉（不包括正常假日或慣常的週末停業）的期間，或該市場或證券交易所對買賣實施限制或暫停交易期間；
user: Please translate the following sentence from English to Chinese: for those of its OTC derivatives which are not subject to central clearing, the Funds will be required to put in place risk mitigation requirements, which include the collateralisation of all OTC derivatives.

assistant: 對於其無需集中結算的場外交易衍生工具而言，基金將須設有減輕風險的規定，包括所有場外交易衍生工具須備有抵押品。
user: Please translate the following sentence from English to Chinese: Where any Successor is an existing Reference Entity at the time of the Succession Event such Reference Entity shall be specified once only in the Reference Portfolio.

assistant: 倘若任何繼承人於繼承事件時爲一現有參考實體，則該參考實體只須於參考投資組合中提述一次。
user: Please translate the following sentence from English to Chinese: The Funds’ investors who are resident outside Vietnam are not liable to Vietnamese tax on distributions received from the Funds, nor on gains derived from the disposal of their interests in the Funds. Vietnamese investments The investment activities of the Funds and income generated from investments, capital assignment and securities trading activities should not be subject to Value Added Tax in Vietnam.

assistant: 該等基金的投資者若居於越南境外，則毋須就從該等基金收取之分派或因處置其於該等基金之權益所產生的增值而繳納越南稅項。 越南投資 該等基金之投資活動及投資項目、資本轉讓及證券交易活動所產生的收益應毋須繳納越南增值稅。
user: Please translate the following sentence from English to Chinese: (c) Deposit of Documents The Documents shall be deposited with and held by the Principal Paying Agent for so long as any Note remains outstanding and for so long as any claim made against the Substituted Debtor or the Issuer by any Noteholder in relation to the Notes or the Documents shall not have been finally adjudicated, settled or discharged.

assistant: (c) 該等文件之存置 衹要任何票據仍未贖回及衹要任何票據持有人就票據或該等文件向替代債務人提出之申索仍未最終裁定、和解或撤銷，該等文件應存置於主要付款代理並由其持有。
user: Please translate the following sentence from English to Chinese: Shareholding structure immediately after completion of the Global Offering but before exercise of the options granted under the Pre-IPO Share Option Scheme

assistant: 緊隨全球發售完成後，以及根據首次公開發售前購股權計劃授出的購股權獲悉數行使後的股權架構
user: Please translate the following sentence from English to Chinese: If the index measuring inflation falls (deflation), the principal value or interest rate of the bonds will be adjusted downward and consequently the interest payable on these securities will be reduced.

assistant: 如量度通脹的指數下跌（通縮），債券的本價值或利率將向下調整，因此該等證券的應付利息將會減少。
user: Please translate the following sentence from English to Chinese: A structured PIPE issues convertible debt (common or preferred shares).

assistant: 結構 PIPE 則會發行可轉換債務（普通股或優先股）。
user: Please translate the following sentence from English to Chinese: (b) RQFII ETFs involve cross-border transfer of funds.

assistant: (b) RQFII ETFs涉及跨境資金轉移。
user: Please translate the following sentence from English to Chinese: The overall quality of the securities in this portfolio may vary greatly.

assistant: 此投資組合內證券的整體質素可能會有極大差異。
user: Please translate the following sentence from English to Chinese: Typically, the notional value of the swap can be adjusted on a daily basis (e.g. as is the case with inflows from share subscriptions, outflows from share redemptions or when adjusting the investment strategy).

assistant: 掉期的名義價值一般可每日調整（例如透過股份認購以致資金流入、股份贖回或於調整投資策略時以致資金流出）。
user: Please translate the following sentence from English to Chinese: The value of longerterm securities generally changes more in response to changes in interest rates than that of shorter-term securities.

assistant: 與年期較短的證券相比，年期較長的證券的價值一般對利率變動有較大變化。
user: Please translate the following sentence from English to Chinese: This concentration arises in the normal course of Merrill Lynch’s brokerage, trading, hedging, ﬁnancing, and underwriting activities. Merrill Lynch also monitors credit exposures worldwide by region.

assistant: 此項集中於Merrill Lynch的經紀、買賣、對沖、融資和包銷活動的日常業務過程中產生。 Merrill Lynch亦按地區監察全球各地的信貸風險。
user: Please translate the following sentence from English to Chinese: These restrictions and policies may be amended from time to time by the Directors if and as they shall deem it to be in the best interests of the Company in which case this Prospectus will be updated.

assistant: 公司董事可在其認爲屬本公司最佳利益的情況下不時更改以下限制和政策，而本發行章程將就此作出更新。
user: Please translate the following sentence from English to Chinese: Credit default swaps on single issuers, indices and/or baskets of securities which may be used to hedge or take long or short credit positions to help achieve specific investment objectives.

assistant: 單一發行人、指數及/或一籃子證券的信貸違約掉期，可用作對沖或取得信貸長倉或短倉，以助達致特定投資目標。
user: Please translate the following sentence from English to Chinese: I. Techniques and instruments relating to Transferable Securities and Money Market Instruments

assistant: I. 有關可轉讓證券及貨幣市場工具之技巧與工具
user: Please translate the following sentence from English to Chinese: Investors transacting orders through an authorized dealer should inquire with their dealer regarding such dealer's timing for providing confirmation of purchase. Fractions of a Share (rounded to 3 decimal places (e.g.

assistant: 投資者如通過認可交易商發出交易指示，應向有關交易商查明其提供購入確認書的時間。 零碎股份（調整至小數點後三位數字（例如：
user: Please translate the following sentence from English to Chinese: For 2004, the maximum annual purchase was $21,250.

assistant: 二零零四年，最高年購買量爲 21,250元。
user: Please translate the following sentence from English to Chinese: Net investment hedges Net investment hedges cover the exchange rate risk inherent in holding net investments in foreign operations.

assistant: 淨投資對沖淨投資對沖保障持有外國業務的淨投資而固有的匯率風險。
user: Please translate the following sentence from English to Chinese: The defined terms used in this Explanatory Memorandum have the following meanings:

assistant: 本說明書所用的經定義詞語，應具以下涵義：