billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: For instance, the relevant Investment Adviser or its affiliates may receive fees from certain accounts that are higher than the fee it receives for a particular Fund, or it may receive a performance-based fee on certain accounts.

assistant: 舉例而言，相關投資顧問或其關聯機構從某些賬戶收取的費用可能會高於收取個別基金的費用，又或可能會對某些賬戶收取按照業績表現計算的費用。
user: Please translate the following sentence from English to Chinese: For investments in the units of other UCITS and/or other UCIs that are managed, directly or by delegation, by the Management Company itself or by any other company with which the Management Company is linked by common management or control, or by a substantial direct or indirect holding of more than 10% of the capital or voting rights no management, subscription or redemption fees may be charged to the Company on its investment in the units of such other UCITS and/or other UCIs. Companies of the BlackRock Group which provide investment advisory services to the Funds, other UCITS and/or other UCIs, may also cause the Funds through those investment services, other UCITS and/or other UCIs to seed other products (including the Funds) sponsored or managed by the BlackRock Group.

assistant: 在管理此衝突時，BlackRock力求遵守投資指引，並已制定業務操守及道德守則。 就投資於其他UCITS及/或其他UCI的單位而言，若該等 UCITS及/或UCI是由管理公司本身直接管理，或以轉授方式由因共同管理或控制而與管理公司有關連的任何其他公司管理，或透過直接或間接實質持有超過資本或投票權的 10%而管理，則不可就本公司投資於該等其他UCITS及/或其他UCI而向本公司收取管理費、認購費或贖回費。
user: Please translate the following sentence from English to Chinese: (b) the CMU Service, be substituted for such publication in such newspaper(s) the delivery of the relevant notice to the persons shown in a CMU Issue Position Report issued by the CMU Service on the second business day preceding the date of despatch of such notice as holding interests in the relevant Global Note.

assistant: (b)債務工具中央結算系統服務持有，則在該（等）報章刊發通知會以在該等通知寄發之日前兩個營業日，送交有關通知予中央結算系統服務發出債務工具中央結算系統發出的持倉報告所示的人士的方式取代，以作爲持有有關總額票據的權益。
user: Please translate the following sentence from English to Chinese: (ii) no adjustment will be allowed to such effect that the subscription price of any PreIPO Share Options granted under the Pre-IPO Share Option Scheme is lower than 60% of the Offer Price;

assistant: (ii) 不得作出任何調整，致使根據首次公開發售前購股權計劃授出之任何首次公開發售前購股權之認購價低於發售價的 60%；
user: Please translate the following sentence from English to Chinese: Please also refer to the “Fidelity SaveEasy Funds Asset Rolldown Chart” below for further details.

assistant: 詳情請參閱下文的「富達「儲蓄易」基金資產調配圖表」。
user: Please translate the following sentence from English to Chinese: We assess the cash flow exposures under the various scenarios and use the results to refine liquidity assumptions, size our excess liquidity pools and/or adjust the asset-liability profiles. Contingency Funding Plan We maintain a contingency funding plan that outlines our responses to liquidity stress events of various levels of severity.

assistant: 我們評估不同事況的現金流量承擔，並利用結果修正流通性假設、設定我們超額流通性組合的數額及或調整資產負債組合。 資金提供應變計劃 我們已制定資金提供應變計劃，列出對流通性受壓事件不同水平嚴重性的回應。
user: Please translate the following sentence from English to Chinese: The offer and issue of our Notes were authorised by our directors on 11 August 2005.

assistant: 本公司債券的招售及發行已於二零零五年八月十一日獲得本公司董事授權。
user: Please translate the following sentence from English to Chinese: or (iii) charge interest on the amount of the unpaid purchase price;

assistant: 或 (iii) 收取未付購買價款額的利息；
user: Please translate the following sentence from English to Chinese: Risk Factors The attention of investors is drawn to the sections of the Prospectus headed “General Risk Factors” which may all be applicable to the Fund and “Characteristics and Risks of Securities, Derivatives, Other Investments and Investment Techniques” for information on risks relating to those securities, instruments and markets which form part of the Fund’s investment policy as outlined in the “Investment Objective and Policies” section above. Specifically, we draw the attention of investors to certain risks associated with this Fund, as outlined in the sections above, which include, but are not limited to High Yield Risk, Currency Risk, Derivatives Risk, Emerging Markets Risk, Interest Rate Risk and Liquidity Risk.

assistant: 風險因素謹請投資者留意基金章程內標題爲「一般風險因素」（該等因素可能全部適用於本基金）及「證券、衍生工具、其他投資及投資技巧的特色與風險」各節的內容，以瞭解構成上文「投資目標及政策」一節概述的本基金投資政策一部分有關該等證券、工具及市場的風險資料。 特別是，本公司謹請投資者留意上文各節概述有關本基金的若干風險，其中包括但不限於高孳息風險、貨幣風險、衍生工具風險、新興市場風險、利率風險及流通性風險。
user: Please translate the following sentence from English to Chinese: Payments can be made directly into the Company’s bank accounts, in US or Hong Kong dollars, as set out below.

assistant: 閣下可以美元或港元將款項直接存入本公司的銀行戶口。
user: Please translate the following sentence from English to Chinese: The Company or the Investment Manager will employ, if applicable, a process for accurate and independent assessment of the value of any OTC derivatives.

assistant: 如適用，本公司或投資經理將運用一套能夠準確和獨立評估任何 OTC 衍生工具價值的程序。
user: Please translate the following sentence from English to Chinese: a) The Investing Sub-Fund may not invest more than 10% of its net asset value in a single Target Sub-Fund, this limit being increased to 20% if the Investing Sub-Fund is permitted, pursuant to Section 3.2. "Sub-Fund Details", to invest more than 10% of its net assets in the units of UCITS or other Eligible UCIs or in one single such UCITS or other Eligible UCIs;

assistant: a）投資附屬基金不可將其淨資產超過 10% 投資於單一目標附屬基金，惟倘若投資附屬基金根據 3.2 節「附屬基金詳情」獲准投資其淨資產的 10% 以上於 UCITS 或其他合資格 UCIs 的單位或此等 UCITS 或其他合資格 UCIs 其中之一的單位，則此限制可提高至 20%；
user: Please translate the following sentence from English to Chinese: On an ancillary basis (normally up to 20% of its net assets), the sub-fund may also have exposure to non-US dollar currencies including Emerging Market currencies.

assistant: 本附屬基金亦可以輔助性質持有非美元貨幣（包括新興市場貨幣）資產（通常最多達其淨資產的 20%）。
user: Please translate the following sentence from English to Chinese: The value of those investments (when converted to the base currency of that Fund) may fluctuate due to changes in exchange rates.

assistant: 該等投資的價值（兌換爲該基金有關基本貨幣後）或會因匯率變動而有升有降。
user: Please translate the following sentence from English to Chinese: Financial Disclosure Document dated 23 July 2016 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (a company incorporated in Hong Kong with limited liability, a licensed bank regulated by the Hong Kong Monetary Authority and registered under the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) for Types 1, 2, 4, 5, 6 and 9 regulated activities) as Issuer Unlisted Structured Products Programme (Programme) The Hongkong and Shanghai Banking Corporation Limited as Product Arranger to the Programme Our unlisted structured products issued under this Programme are NOT equivalent to time deposits. They are embedded with derivatives.

assistant: 日期爲二零一六年七月二十三日的財務披露文件 香港上海匯豐銀行有限公司 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED （於香港註冊成立之有限公司，受香港金融管理局規管之持牌銀行及根據香港法例第 571章《證券及期貨條例》註冊 可進行第1、2、4、5、6及 9 類受規管活動） 作爲發行人 非上市結構性產品計劃（計劃） 香港上海匯豐銀行有限公司作爲計劃的產品安排人 本計劃下發行的本公司的非上市結構性產品並不等同於定期存款。 本產品內含衍生工具。
user: Please translate the following sentence from English to Chinese: TRANSFER OF UNITS Subject as provided below, Units may be transferred by an instrument in writing in common form signed by (or, in the case of a body corporate, signed on behalf of or sealed by) the transferor and the transferee and duly stamped with adequate stamp duty before the form is passed to the Registrar.

assistant: 轉讓單位 除下文另有規定外，單位轉讓須在一般格式的書面文據交往過戶登記處之前由轉讓人及受讓人簽署（或如屬法人團體，則須代表轉讓人及受讓人簽署或由彼等蓋章）及經正式蓋章（連同任何足額印花稅）的有關書面文據進行。
user: Please translate the following sentence from English to Chinese: Risks relating to Debt Securities” and “Risks related to Financial Derivative Instruments” are particularly relevant to this Portfolio.

assistant: 有關債務證券的風險」及「市場風險： 有關金融衍生工具的風險」各節中概述的風險乃與本投資組合特別相關。
user: Please translate the following sentence from English to Chinese: # The ongoing charges figure is based on expenses for the period ended 30 September 2017.

assistant: # 經常性開支比率是根據截至2017年9月30日的年度費用計算，每年均可能有所變動。
user: Please translate the following sentence from English to Chinese: To the extent the Fund invests a relatively large percentage of its assets in a single region, the Fund’s performance would be closely tied to the market, currency, economic, political, regulatory, geopolitical, or other conditions in that region and could be more volatile than the performance of more geographically-diversified funds.

assistant: 若基金將相對較高比例的資產投資於單個區域，則基金業績可能與該區域的市場、貨幣、經濟、政治、監管、地 緣政治或其他情況密切相關，其波動可能大於投資地域較分散的基金。
user: Please translate the following sentence from English to Chinese: or 5. A Passive Non-Financial Foreign Entity (“Passive NFFE”) with one or more “Controlling Persons” (within the meaning of any Intergovernmental Agreement relating to the Foreign Account Tax Compliance Act (as set forth in sections 1471 through 1474 of the IRC (“FATCA”)) that may be entered into by the US and any other jurisdiction (“IGA”)) that is a US Person (as described above under paragraph 1).

assistant: 或 5. 擁有一個或多個「控權人士」的屬持有被動收入之非美國非金融機構（「被動NFFE」）（符合美國與任何其他司法管轄區可能訂立與IRC第1471至1474節所載之《海外帳戶稅收合規法案》（「FATCA」）有關之任何跨政府協議（「IGA」）之定義）爲美國人士（如上文第1段所述）。
user: Please translate the following sentence from English to Chinese: The Fund has not been registered under the United States Investment Company Act of 1940, as amended. AllianceBernstein Investments, a unit of the Management Company and/or AllianceBernstein Investments, a unit of AllianceBernstein Investments, Inc., will act as Distributor of the Shares in connection with the offering of the Shares referred to herein.

assistant: 本傘子基金並無根據一九四零年美國投資公司法（經修訂）登記。 AllianceBernstein Investments（管理公司旗下的一個單位）及╱或 AllianceBernstein Investments （ AllianceBernstein Investments, Inc.旗下的一個單位）將作爲本文件所述股份發售的分銷商。
user: Please translate the following sentence from English to Chinese: each Distributor agrees that it will obtain from any distributor (within the meaning of U.S. Treas. Reg. § 1.163-5(c)(2)(i)(D)(4)(ii)) that purchases any Notes in bearer form from it pursuant to a written contract with such Distributor (except a distributor that is one of its affiliates or is another Distributor), for the benefit of the Issuer and each other Distributor, the representations contained in, and such distributor’s agreement to comply with, the provisions of subclauses (a), (b), (c) and (d) of this paragraph insofar as they relate to the D Rules, as if such distributor were a Distributor hereunder.

assistant: 每位分銷商同意，其將爲發行人或各其他分銷商的利益向任何根據與該分銷商訂立的書面合約向其購買任何記名形式票據的分銷商（定義見美國 Treas. Reg.第 1.163-5(c)(2)(i)(D)(4)(ii)條）（惟倘分銷商爲分銷商的聯繫人士之一或爲其他分銷商則除外）取得本段第 (a)、 (b)、 (c)及 (d)分項所載的聲明及該分銷商的協議，以在彼等與D規例有關的情況下遵守本段第(a)、(b)、(c)及(d)分項，猶如該分銷商爲本文所述的分銷商。
user: Please translate the following sentence from English to Chinese: These securitization vehicles then pass-through the cash flows from the financial assets by primarily issuing debt instruments to third party investors.

assistant: 該等證券化工具其後主要以發行債務工具的方式通過現金流量從財務資產至第三者投資者。
user: Please translate the following sentence from English to Chinese: In respect of the Sovereign Entity, a “Company or Sovereign Credit Event” includes any of the following events:

assistant: 就主權實體而言，「公司或主權信貸事件」包括以下任何事件：
user: Please translate the following sentence from English to Chinese: However, there is no guarantee that the hedging will be totally successful and no hedging strategy can eliminate currency risk entirely. Should a hedging strategy be incomplete or unsuccessful, the value of that Fund’s assets and income can remain vulnerable to fluctuations in currency exchange rate movements.

assistant: 然而，無法保證對沖將會完全成功，亦無對沖政策可完全減低貨幣風險。 倘對沖策略不完整或不成功，則基金的資產價值及收入可能仍然易受貨幣匯率走勢波動的影響。
user: Please translate the following sentence from English to Chinese: Entities are required to apply IFRIC 22 for annual periods beginning on or after 1 January 2018.

assistant: 實體須於 2018 年 1 月 1 日或之後開始的會計期間應用國際財務報告準則詮釋委員會詮釋第 22 號。
user: Please translate the following sentence from English to Chinese: Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.

assistant: 任何股息分派若涉及由本基金的資本中支取股息或實際上由本基金的資本中支取股息（視乎情況而定），可導致每股資產淨值即時減少。
user: Please translate the following sentence from English to Chinese: If you submit your instructions to cancel your purchase order to your distributor before your purchase order is executed on the Trade Date, there will be no market value adjustment.

assistant: 倘　閣下於　閣下的認購指令在交易日獲執行前向　閣下的分銷商提交指示取消　閣下的認購指令，則不會有任何市值調整。
user: Please translate the following sentence from English to Chinese: Information as to the funds and classes of Shares which at a given time are not offered to investors is available at the registered office of the Fund and the Management Company and at the offices of the Distributors.

assistant: 在任何特定時間未有向投資者提供有關各項基金及股份類別的資料，可於本基金及管理公司的註冊辦事處及各分銷商的辦事處索取。
user: Please translate the following sentence from English to Chinese: If the Investment Manager considers appropriate, it is possible that a single PRC Broker will be appointed and the Fund may not necessarily pay the lowest commission available in the market.

assistant: 如投資經理人認爲適當，單一中國經紀可能會獲委任，而本基金未必支付巿場上可得的最低佣金。
user: Please translate the following sentence from English to Chinese: 1. The Company is registered under Number B.6317 at the Register of Commerce and Companies of Luxembourg where its Articles of Association are available for inspection and where copies thereof may be obtained upon request (and see also paragraph 30. below).

assistant: 1. 本公司於盧森堡的商業及公司註冊處註冊，編號爲 B.6317，該處備有公司章程供查閱，並可應要求提供公司章程的副本（見下文第30段）。
user: Please translate the following sentence from English to Chinese: The Chief Investment Officer and Director of Research work in close collaboration to weigh each investment opportunity relative to the entire portfolio, and determine the timing for purchases and sales and the appropriate position size for a given security.

assistant: 投資總監和研究主任密切協作，權衡相對於基金整體的各項投資機會，並確定買進和賣出的時間及相關證券部位的適當規模。
user: Please translate the following sentence from English to Chinese: FOREIGN CURRENCY The table shows the effects of exchange rate changes on the balance sheet.

assistant: 外匯下列載列資產負債表上的匯率變動的影響：
user: Please translate the following sentence from English to Chinese: 3. Risks caused by human factors, such as risks of insider transactions and fraudulent conduct;

assistant: 3、因人爲因素而產生的風險、如內幕交易、欺詐行爲等產生的風險；
user: Please translate the following sentence from English to Chinese: Trustee fees (Including fees of the Custodian and Registrar’s Agent)

assistant: 信託人費用（包括託管人及註冊處代理人費用）
user: Please translate the following sentence from English to Chinese: The Fund was incorporated in Luxembourg on 15 June 1990. Its Articles of Incorporation (as amended from time to time) are kept at the Registre de Commerce et des Sociétés of Luxembourg under the number B34036.

assistant: 本基金於一九九零年六月十五日在盧森堡註冊成立，其公司組織章程 (可不時修訂) 存放在盧森堡Registre de Commerce et des Sociétés，編號B34036。
user: Please translate the following sentence from English to Chinese: The fund aims to achieve long-term capital growth by investing primarily in a diversified portfolio of smaller companies that have their head office or exercise a predominant part of their activities in Asia Pacific (excluding Japan).

assistant: 基金旨在透過主要投資於多元化的亞洲小型公司組合(其總公司設於亞太區(日本除外)國家，或在這些地區經營主要業務)，以達致長線資本增長的目標。
user: Please translate the following sentence from English to Chinese: As at 30 June 2018, the liabilities of the Group amounting to HK$14,955 million (31 December 2017: HK$11,111 million) were secured by assets deposited with central depositories to facilitate settlement operations.

assistant: 於 2018 年 6 月 30 日，本集團之負債港幣 149.55 億元（2017 年 12 月 31 日：港幣 111.11 億元）是以存放於中央保管系統以便利結算之資產作抵押。
user: Please translate the following sentence from English to Chinese: JPMorgan Funds (Asia) Limited (JPMFAL) or its sub-distributors Share Class Details Equity Sub-Funds

assistant: 摩根基金（亞洲）有限公司（JPMFAL）或其副分銷商股份類別詳情股票子基金
user: Please translate the following sentence from English to Chinese: The Fund may invest in sub-investment grade debt securities which is subject to a higher credit risk and a greater possibility of default than investment grade bonds.

assistant: 本基金可投資於次級投資評級債務證券，此等證券相比評級評級債券帶有更高的信貸風險，發生違約的可能性亦更大。
user: Please translate the following sentence from English to Chinese: "Duties and Charges" means all stamp and other duties, taxes, governmental charges, valuation fees, agent's fees, brokerage fees, bank charges, transfer fees, registration fees and other charges which may become or will become payable in respect of or prior to or upon the occasion of any transaction dealing or valuation but does not mean commissions payable by the Unitholder to agents or brokers on the issue of Units;

assistant: 「稅項及收費」指就任何交易、買賣或估值或在此之前或其進行之時可能或將要繳納的所有印花稅及其他稅款、稅項、政府收費、估值費、代理費、經紀費、銀行收費、過戶費、登記費及其他收費，但並非指單位持有人在基金單位發行之時付給代理人或經紀的佣金；
user: Please translate the following sentence from English to Chinese: �� As a customary part of the process of preparing financial statements, the Group’s management has made a number of other accounting estimates as explained in note 2 to the financial statements notably on the costs of pension provision and future employee benefits, permanent decline in value of nonconsolidated participating interests, provisions for operating risks, provisions for legal risks, impairment of goodwill and deferred taxes.

assistant: I 一如慣常編制財務報表的程序，　貴集團管理層作出載於財務報表附註2的多項其他會計估計，其中較主要者包括退休金撥備成本及未來僱員福利、非綜合分享權益估值的永久下跌、經營風險撥備、法律風險撥備、商譽減值和遞延稅項。
user: Please translate the following sentence from English to Chinese: In the case of certain "1:1 Structured Securities" or "1:1 Certificates," where the value of the principal and/or interest of the structured security is directly based on that of the underlying indicator (e.g., no leverage and, therefore, not embedding a derivative), the underlying indicators may include those items listed above as well as commodities, commodities indices, and real estate indices.

assistant: 在某些「1:1結構式證券」或「1:1憑證」的情況下，結構式證券的本金和／或利率價值乃直接基於基準指標（例如非槓桿，故即不包含衍生工具），則基準指標可能包括上文列舉的項目以及工具、工具指數以及不動產指數。
user: Please translate the following sentence from English to Chinese: With respect to certain share classes, the management fee may also include a component that is paid to distributors or other financial intermediaries and service providers.

assistant: 就某些股份類別而言，管理費亦可包括支付給分銷商或其他金融仲介和服務供應商的費用。
user: Please translate the following sentence from English to Chinese: Brazil, Hungary, Indonesia, Russia, Republic of South Africa and Turkey only The Fund is expected to invest more than 10% (but no more than 20%) of its Net Asset Value in debt securities issued by and/or guaranteed by governments in each of the above countries, which are, as at the date of this Prospectus, rated non-investment grade.

assistant: 只限於巴西、匈牙利、印尼、俄羅斯、南非共和國及土耳其 預期此基金會將其資產淨值的10%以上（但不多於20%)投資於由上述各國政府發行及╱或擔保而且截至本章程日期被評定爲非投資級的債務證券。
user: Please translate the following sentence from English to Chinese: 10. Redemption/Payment Basis:

assistant: 10. 贖回付款基準：
user: Please translate the following sentence from English to Chinese: Monthly Extra Income Fund Investment Objective To achieve a high level of income with prospects of capital growth.

assistant: 天利額外月入基金 投資目標 達致高水平的收入及資本增長。
user: Please translate the following sentence from English to Chinese: 10. The definition “Taiwan Restriction” on page 11 of the Prospectus shall be deleted in its entirety and replaced with the following:

assistant: 10. 章程第11頁「臺灣限制」的定義將完全予以刪除，並由以下內容取代：
user: Please translate the following sentence from English to Chinese: The value of the CLO securities owned by a Portfolio generally will fluctuate with, among other things, the financial condition of the obligors or issuers of the underlying collateral, general economic conditions, the condition of certain financial markets, political events, developments or trends in any particular industry and changes in prevailing interest rates. Consequently, holders of CLO securities must rely solely on distributions on the collateral or proceeds thereof for payment in respect thereof.

assistant: 投資組合所擁有的CLO證券的價值一般將隨（其中包括）相關抵押品的義務人或發行人的財政狀況、一般經濟狀況、若干金融市場的狀況、政治事件、任何特定行業的發展或趨勢及現行利率的變動而波動。 因此，CLO證券的持有人必須完全依賴抵押品的分派或就有關抵押品支付分派的所得款項。
user: Please translate the following sentence from English to Chinese: To the Issuer as to Hong Kong law

assistant: 發行人的香港法律顧問
user: Please translate the following sentence from English to Chinese: (i) Equity risk – Equity markets may fluctuate significantly with prices rising and falling sharply, and this will have a direct impact on the Fund’s net asset value.

assistant: (i) 股票風險－股票市場可能大幅波動，而股價可能急升急跌，並將直接影響基金的資產淨值。
user: Please translate the following sentence from English to Chinese: Our primary aim is the early identification, recording, assessment, monitoring, prevention and mitigation of operational risks, as well as timely and meaningful management reporting.

assistant: 本銀行主要集中於早期的識別、記錄、評估、監控、預防及緩解經營風險、及時和有意義的管理彙報。
user: Please translate the following sentence from English to Chinese: The sub-fund uses portfolio optimisation to lower overall portfolio volatility by selecting a combination of lower volatility stocks and higher volatility stocks that are less correlated and thereby diversifying the portfolio.

assistant: 本附屬基金運用投資組合優化，以降低整體投資組合的波動性，方法是透過挑選相互關聯性較少的較低波動性股票及較高波動性股票之組合，從而分散投資組合。
user: Please translate the following sentence from English to Chinese: Note 2a Reporting by Business Group (continued) For the year ended 31 December 2004

assistant: 附註2a　業務組別分類申報（續） 截至2004年12月31日止年度
user: Please translate the following sentence from English to Chinese: Any application must be made in the format prescribed by the Investment Manager.

assistant: 任何申請應以投資經理指定的格式提出。
user: Please translate the following sentence from English to Chinese: The Sub-Fund is not a RQFII but may obtain access to equity securities or other permissible investments directly using RQFII quotas of a RQFII.

assistant: 子基金並非 RQFII，但可直接運用 RQFII 的 RQFII 額度對股本證券或其他獲准許投資作出投資。
user: Please translate the following sentence from English to Chinese: For efficient management and within the limits of the investment restrictions set out in the Prospectus, the Compartment may use any type of financial derivative traded on a regulated and/or over-the-counter (OTC) market if obtained from a leading financial institution that specialises in these types of transactions.

assistant: 爲進行有效管理，在本公開說明書所載投資限制的範圍內，本成分基金可使用於受規管及╱或場外交易市場上交易的任何種類的金融衍生工具，惟有關金融衍生工具必須從專門從事這類交易的領先金融機構獲得。
user: Please translate the following sentence from English to Chinese: 18.3 The Directors may adjust the Net Asset Value per Share for a Fund in order to reduce the effect of “dilution” on that Fund. Dilution occurs when the actual cost of purchasing or selling the underlying assets of a Fund, deviates from the carrying value of these assets in the Fund’s valuation due to dealing charges, taxes and any spread between the buying and selling prices of the underlying assets. Dilution may have an adverse effect on the value of a Fund and therefore impact Shareholders.

assistant: 18.3 董事會可調整某一基金的資產淨值，以減低該基金的「攤薄」作用。 當基金相關資產的實際購入或出售費用由於相關資產的買賣收費、稅項及買價與售價之間的差價而偏離這些資產在該基金估值中的賬面值，即已發生攤薄情況。 攤薄情況或會對基金的價值造成不利的影響，並因此影響股東。
user: Please translate the following sentence from English to Chinese: CIBM Direct Access Program

assistant: 中國銀行間債券市場直接進入計劃
user: Please translate the following sentence from English to Chinese: Your relationship with your distributor is governed by the customer agreement you sign with the distributor and is not controlled by us or by anything in this programme prospectus or an issue prospectus.

assistant: 閣下與分銷商的關係，根據閣下與分銷商簽訂的客戶協議決定而非受本行或本計劃章程或發行章程的任何內容所控制。
user: Please translate the following sentence from English to Chinese: (i) the investor has opened an account with the Company (see "Account Opening" above), (ii) a completed and valid Transaction Request Form has been received not later than the CutOff Time on a Subscription Pre-notification Date, and (iii) the subscription has been accepted by the Management Company.

assistant: (i)投資者已在本公司開設賬戶(見上文「開設賬戶」)，(ii)已填妥和有效的交易要求表格已於認購預先通知日截止時間之前收到，及(iii)認購已獲管理公司接受。