billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: The Manager shall be entitled to cancel all units of a particular Class then in issue if at any time the net asset value of that Class falls below US$5 million (or its equivalent in another currency) or at any time with the sanction of an Extraordinary Resolution.

assistant: 假如在任何時間，某類別的資產淨值跌至500萬美元（或其以另一種貨幣計價之等值金額）以下，或在任何時間獲特別決議案批准後，經理人有權註銷該特定類別所有當時已發行單位。
user: Please translate the following sentence from English to Chinese: Investors should note that in switching, subject to the valuation time of each Sub-Fund and the time required to remit the switching money between different Sub-Funds, the day on which the investments are switched into the New Class may be later than the day on which the investments in the Existing Class are switched out or the day on which the switching instructions are given.

assistant: 投資者應注意，轉換單位時基於各基金的估值時間及進行匯款所需之時間，投資者換入新類別之交易日可能遲於投資者換出原有類別或發出轉換指示的交易日。
user: Please translate the following sentence from English to Chinese: The Sub-Fund may hold up to a maximum of 5% of its assets in Contingent Convertible Securities.

assistant: 子基金最多可持有或然可換股證券達其資產的5%。
user: Please translate the following sentence from English to Chinese: To the extent required by Luxembourg law, such decision will be published or notified, if appropriate, in the same manner as described in the first paragraph of this section and, in addition, the publication or notification will contain information in relation to the funds resulting from the reorganisation.

assistant: 在盧森堡法律規定的範圍內，有關決定須按本節第一段所述相同的方式作出公佈或通知 (如適用)； 而且有關公佈或通知將須涵蓋因進行重組而產生的基金的相關資料。
user: Please translate the following sentence from English to Chinese: Liquidity risk – Lack of liquidity may adversely affect the ease of disposal of assets.

assistant: 流通性風險－缺乏流通性可能導致難以出售資產。
user: Please translate the following sentence from English to Chinese: The Company does not currently intend to hedge the currency risks to which these Classes are exposed, except for Hedged Share Classes (as explained below).

assistant: 除了對沖股份類別（如下文所述）之外，本公司現時並不打算對沖該等股份類別的貨幣風險。
user: Please translate the following sentence from English to Chinese: Fidelity Funds is an open-ended investment company established in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).

assistant: 富達基金是在盧森堡成立的開放式投資公司，並受盧森堡金融業監察委員會 (Commission de Surveillance du Secteur Financier (CSSF)) 監管。
user: Please translate the following sentence from English to Chinese: RQFII Custodian Agricultural Bank of China Limited No. 69, Jianguomen Nei Avenue Dongcheng District Beijing 100005 China

assistant: RQFII保管人中國農業銀行股份有限公司 中國北京東城區建國門內大街69號郵政編碼：100005
user: Please translate the following sentence from English to Chinese: Invesco Select Retirement Fund

assistant: 景順特選退休基金
user: Please translate the following sentence from English to Chinese: Securitized debt payables These liabilities are classified by type of security:

assistant: 此等負債按證券類別分類：
user: Please translate the following sentence from English to Chinese: For further details on the management fee, please refer to “Additional Information—Fees and Expenses” in Section II. 5 As an annual percentage of average daily Net Asset Value.

assistant: 有關管理費的進一步詳情，請參閱第 II 部分「附加資料－費用及開支」。 5 佔每日平均資產淨值的年百分比。
user: Please translate the following sentence from English to Chinese: Dividend policy:

assistant: 派息政策：
user: Please translate the following sentence from English to Chinese: The Portfolio’s investments in structured securities will not exceed 20% of net assets.

assistant: 本基金對結構化證券的投資將不超過其淨資產的20%。
user: Please translate the following sentence from English to Chinese: Notwithstanding the disclosure in the Prospectus that the Fund may invest in stock index futures and warrants, the Manager currently does not invest in stock index futures, warrants or other financial derivative instruments.

assistant: 儘管招募說明書有提及本基金可投資於股指期貨及權證，管理人目前並沒有投資於股指期貨、權證或其他金融衍生工具。
user: Please translate the following sentence from English to Chinese: If a Sub-Fund lends securities and Money Market Instruments, the borrower will normally either resell them quickly or has already done so.

assistant: 若附屬基金借出證券及貨幣市場票據，借方一般會迅速將之轉售或已經轉售。
user: Please translate the following sentence from English to Chinese: This will result in a dilution (reduction in the Net Asset Value per Share) to existing shareholders.

assistant: 此將對現有股東造成攤薄（每股資產淨值下降）影響。
user: Please translate the following sentence from English to Chinese: If either this Programme Prospectus or the relevant Issue Prospectus runs out or ceases to be available or distributed at any such location during the Offer Period, then availability or distribution of both documents at the relevant location should cease and should not resume until such time as both documents are again made available or distributed to the public at that location (this condition shall apply and have effect in respect of each subsequent Issue Prospectus to be issued in relation to the Notes to be offered and issued under the Programme during the validity of this Programme Prospectus);

assistant: 若於發售期內，本計劃章程或有關發行章程在任何該等地點已派發完畢，或於有關地點不再供公衆人士索取或分派給他們，則會暫停在有關地點提供本計劃章程及有關發行章程，以供公衆人士索取或分派給他們，並會於本計劃章程和有關發行章程再次於有關地點可供公衆人士索取或分派給他們時，恢復供他們索取或分派給他們（本條件將適用於及對於本計劃章程有效期內，根據計劃將予提呈及發行的票據而將予發行的每一其後發行章程具有影響力）；
user: Please translate the following sentence from English to Chinese: Loss for the year

assistant: 年內虧損
user: Please translate the following sentence from English to Chinese: “Real estate certificates” mean floating rate debt securities based on net income connected with real estate investments.

assistant: 「房地產憑證」是指以淨收入爲基礎及與房地產投資關連的浮息債務證券。
user: Please translate the following sentence from English to Chinese: An applicant may be required to compensate the Company for any loss resulting from late settlement.

assistant: 如因延遲結算造成本公司的損失，申請人可能須作出賠償。
user: Please translate the following sentence from English to Chinese: Any distributions involving payment of dividends out of, or effectively out of, capital of the share classes will result in an immediate decrease in the net asset value of the relevant shares.

assistant: 任何涉及從股份類別的資本中支付，或實際支付股息的分派將導致有關股份類別的每股資產淨值即時減少。
user: Please translate the following sentence from English to Chinese: He served these US mutual funds in a variety of roles, including as chairman of the board (2004-2007), and as a member or chairman of their audit, nominating and governance, and investment oversight committees (2007-2011).

assistant: 他曾效力此等美國互惠基金，包括擔任董事會主席（二零零四年至二零零七年）及擔任其審計、提名及管治，以及投資監督委員會的成員或主席（二零零七年至二零一一年）。
user: Please translate the following sentence from English to Chinese: Merrill Lynch intends to vigorously defend itself in this action.

assistant: Merrill Lynch 擬對該訴訟積極抗辯。
user: Please translate the following sentence from English to Chinese: The Sub-Funds intend to take any measures that may be required to ensure compliance under the terms of the IGA and local implementing regulations.

assistant: 各分支基金擬採取任何所需的措施，以確保符合《跨政府協議》的條款及當地的實施細則。
user: Please translate the following sentence from English to Chinese: Any application monies not accepted will be returned to applicants at their own risk, and without interest.

assistant: 退還款項時的任何風險由申請人個人承擔及沒有利息。
user: Please translate the following sentence from English to Chinese: Any such charges will be deducted at the time of conversion and paid to the relevant distributor or the Principal Distributor (as applicable).

assistant: 任何該等收費將會在轉換時扣除並支付予有關分銷商或主要分銷商（其適用者）。
user: Please translate the following sentence from English to Chinese: The Manager may appoint other investment advisers to provide investment advisory service to any of the Sub-Funds from time to time and the remuneration of such investment advisers will be borne by the Manager.

assistant: 基金經理可不時爲任何成分基金委任其他投資顧問提供投資顧問服務。 該等投資顧問的酬金將由基金經理承擔。
user: Please translate the following sentence from English to Chinese: American Extended Alpha Fund Investment objective The investment objective of the American Extended Alpha Fund is to achieve above average capital growth.

assistant: American Extended Alpha Fund 投資目標 American Extended Alpha Fund 的投資目標是達到資本增長高於平均水平。
user: Please translate the following sentence from English to Chinese: The Sub-Fund may also invest in financial derivative instruments for hedging to the extent permitted by the Code and the provisions set out under the section “Investment Objective, Strategy and Restrictions” in this Explanatory Memorandum.

assistant: 子基金亦可在守則及本說明書中「投資目標、策略及限制」一節下載列的條款所准許的範圍內爲對沖目的投資於金融衍生工具。
user: Please translate the following sentence from English to Chinese: Further information regarding the current dividend frequencies can be obtained at www.investecassetmanagement.com or from your usual Investec Representative or the Management Company.

assistant: 更多有關現行派息頻率的資料，可瀏覽www.investecassetmanagement.com或向閣下慣常聯絡的天達代表或管 理公司索取。
user: Please translate the following sentence from English to Chinese: (b) reduction of cost;

assistant: (b) 減少成本；
user: Please translate the following sentence from English to Chinese: Inception Fee payable to Trustee:

assistant: 應支付給信託人的開辦費：
user: Please translate the following sentence from English to Chinese: LIU Junxiang

assistant: 劉軍祥
user: Please translate the following sentence from English to Chinese: These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities.

assistant: 這會進一步放大各基金的任何相關資產價值變動的潛在負面影響，並導致各基金的價格出現大幅波動，並可能會引致重大損失。
user: Please translate the following sentence from English to Chinese: The Investment Manager will target investments which it believes offer attractive dividend yields in addition to price appreciation.

assistant: 投資經理的目標是其認爲股息收益吸引，並具升值能力的投資。
user: Please translate the following sentence from English to Chinese: The purchase price was allocated to acquired net assets of approximately CHF 260 million and the difference of CHF 119 million to the purchase price was recognized as goodwill.

assistant: 獲分配的購買價用以收購約2.60億瑞士法郎之資產淨值，而與購買價之差額1.19億瑞士法郎被確認爲商譽。
user: Please translate the following sentence from English to Chinese: - A Class Shares (GBP);

assistant: - A 類股份（英鎊）；
user: Please translate the following sentence from English to Chinese: There is no minimum initial subscription, additional subscription or holding amount

assistant: 不設最低認購、額外認購或持股金額
user: Please translate the following sentence from English to Chinese: from the Dealers specified on page 6 of this Issue Prospectus.

assistant: 向本發行章程第 6頁所註明的經銷商索取。
user: Please translate the following sentence from English to Chinese: The management fees of such connected collective investment schemes currently range between 0% and 1.25% per annum.

assistant: 該等關連集體投資計劃之管理費介乎於每年0%至1.25%之間。
user: Please translate the following sentence from English to Chinese: The exit coupon rate in respect of each call date will be specified in the relevant term sheet.

assistant: 各贖回日期的退出票息率將於有關條款表內列明。
user: Please translate the following sentence from English to Chinese: the OTC Derivatives are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or closed by an offsetting transaction at any time at their fair value at the Company’s initiative. Money market instruments other than those dealt in on a Regulated Market, which fall under Article 1 of the 2010 Law, if the issue or issuer of such instruments is itself regulated for the purpose of protecting investors and savings, and provided that they are:

assistant: 場外交易衍生工具須每日有可靠可覈實的估值，而且可隨時按其公平市值由本公司主動以抵銷的交易出售、套現或平倉； 屬 2010 年法律第 1 條所界定並在受監管市場交易的票據之外的其他貨幣市場票據，只要該等票據之發行或發行人本身爲了保護投資者及儲蓄而受監管並符合下列條件：
user: Please translate the following sentence from English to Chinese: (ii) in any event no later than three Business Days following receipt of the relevant entitlement duly split as referred to in (i) above, post (by airmail in the case of an address outside Hong Kong) all documentation (duly renounced where appropriate) received by it relating to such entitlement to the ELI holder, or the person to whom the ELI holder directed the Linked Stock to be delivered, or (if the ELI holder shall have so directed in the relevant exercise notice) make available such documentation for collection by the ELI holder, or the person to whom the ELI holder directed the Linked Stock to be delivered, from the office of the Issuer upon production of such evidence of entitlement and identification as may reasonably be required.

assistant: (ii) 無論如何不遲於其收到已按上述 (i) 項已適當分拆的有關權益後三個營業日，將其收到與該權益有關的所有文件證明（適當時已妥爲放棄）郵寄（倘爲香港以外地址，則以空郵）股票掛鉤投資持有人或其指定接受所交付的掛鉤股票的人士，或（若股票掛鉤投資持有人在有關行使通知中已有如此指示）在發行人辦事處提供該等文件證明，由股票掛鉤投資持有人或其指定接受所交付的掛鉤股票的人士在出示合理要求的權利證明和身份證明後領取。
user: Please translate the following sentence from English to Chinese: The maximum swing in normal market circumstances where swing pricing is adopted is not expected to exceed 1% of the Net Asset Value on the relevant Dealing Day.

assistant: 倘採用浮動定價，正常市況下的最高浮動預期不會超過有關交易日資產淨值的1%。
user: Please translate the following sentence from English to Chinese: It should be appreciated that the subscription of units in the Fund is not the same as making a deposit with a bank or deposit taking company and the Manager’s obligation is limited to redeem unitholder’s units at the relevant net asset value per unit, which may be different from the price at which units were purchased by such unitholder.

assistant: 投資者應注意認購基金之單位並不等於將資金存放於銀行或接受存款公司，而經理人並無責任按有關每單位資產淨值（該每單位資產淨值可能有別於該單位持有人購買單位時之價格）贖回單位持有人之單位。
user: Please translate the following sentence from English to Chinese: With the potential uncertainty concerning the tax treatment of investments in Chinese securities, the possibility of tax rules being changed and the possibility of taxes or tax liabilities being applied retroactively, any provisions for taxation made by the relevant Funds at any time may prove to be excessive or inadequate to meet any eventual tax liabilities. Consequently, investors may be advantaged or disadvantaged depending on the position of the Chinese tax authorities in the future and the level of tax provisions proving to be either excessive or inadequate either when they subscribed or redeemed their Units in the relevant Funds.

assistant: 由於中國證券投資之稅務待遇的潛在不明朗因素、稅務法規有可能改變，以及可能以追溯方式徵收稅項或稅務負擔，相關基金於任何時候作出的任何稅項撥備可能證實爲過多或不足以應付任何最終稅務負擔。 因此，視乎中國稅務當局日後的立場及投資者在認購或贖回相關基金的單位時的稅項撥備水平屬過多或不足而定，投資者可能受到有利或不利影響。
user: Please translate the following sentence from English to Chinese: In the event that the underlying obligors default on their payment obligations under the relevant underlying assets of such Asset-Backed Securities, the issuer’s ability to make payments on such Asset-Backed Securities when due may be adversely affected.

assistant: 倘指定債務人未能履行其於該等資產抵押證券的相關指定資產的付款責任，則該證券的發行人於該等資產抵押證券的付款到期時的付款能力可能會受到不利影響。
user: Please translate the following sentence from English to Chinese: HK$20,000 (or the equivalent in any other Major Currency)

assistant: HK$1,000（或等值的任何其他主要貨幣）
user: Please translate the following sentence from English to Chinese: Terrorist risk The Netherlands may become a target for terrorist attacks, which could have a material impact on the tourism industry and economy of the Netherlands.

assistant: 恐怖襲擊風險荷蘭或會成爲恐怖襲擊目標，這可能會對荷蘭的旅遊業及經濟造成重大影�。
user: Please translate the following sentence from English to Chinese: Own credit is estimated using an own credit adjustment curve (OCA), which incorporates observable market data, including market-observed secondary prices for UBS AG senior debt, UBS AG credit default swap (CDS) spreads and senior debt curves of peers.

assistant: 本身信貸採用本身信貸調整曲線 (OCA) 估計，當中納入可觀察市場數據，包括瑞士銀行優先債務的市場觀察二級價格、瑞士銀行信貸違約掉期 (CDS) 息差及同業優先債務曲線。
user: Please translate the following sentence from English to Chinese: The sub-fund may invest up to 10% of its net assets in Total Return Swaps, however this is not expected to exceed 5%.

assistant: 本附屬基金可將其最多 10% 的淨資產投資於總回報掉期，惟預期不會超過 5%。
user: Please translate the following sentence from English to Chinese: classes of shares that are denominated in USD have no subscript to denote currency;

assistant: 美元計值的股份類別不設表示貨幣的下標字樣；
user: Please translate the following sentence from English to Chinese: The Board acts honestly and in good faith so that decisions are made objectively with a view to delivering long-term and maximum shareholder value and fulfilling its corporate responsibility to other stakeholders of the Group.

assistant: 董事會誠實、善意地行事，並按照本集團的最佳利益客觀地作出決策，以盡力實現股東的長遠及最大價值並切實履行對本集團其他利益相關者的公司責任。
user: Please translate the following sentence from English to Chinese: The High Water Mark is defined as the greater of the following two figures:

assistant: 高水位的定義爲以下兩個數值中的較高者：
user: Please translate the following sentence from English to Chinese: Hong Kong Prospectus:

assistant: 香港認購章程：
user: Please translate the following sentence from English to Chinese: Since the 3-day average closing price of the least performing company in respect of the final observation period is below its initial price and the trading price of none of the companies has hit below the barrier price at any time during the price observation period, we would redeem our Notes at maturity at their principal amount, together with a variable coupon equal to the return achieved by the best performing company (which is capped at 7%).

assistant: 由於表現最遜色公司於最後觀察期內的三天平均收市價低於其初始價，且於價格觀察期並沒有任何公司於任何時間的成交價下跌至低於其定界價，本行將於到期日連同相等於表現最佳公司回報的可變票息（上限爲 7%）按本金額贖回本票據。
user: Please translate the following sentence from English to Chinese: The Trusts’ portfolios are subject to market fluctuations and to the risks inherent in all investments.

assistant: 該等信託基金之投資組合受市場波動及所有投資所涉及之固有風險影響。
user: Please translate the following sentence from English to Chinese: The Company may benefit from double tax treaties entered into by Luxembourg, which may provide for exemption from withholding tax or reduction of withholding tax rate.

assistant: 本公司可受惠於與盧森堡訂立的雙重課稅條約，獲豁免預扣稅或調減預扣稅率。
user: Please translate the following sentence from English to Chinese: The currency hedging that may be used to minimise the effect of currency fluctuations may not always be successful.

assistant: 可能用作儘量減低貨幣波動影響之貨幣對沖未必一定有成 效。
user: Please translate the following sentence from English to Chinese: Tasks assigned to this unit include drafting credit and rating policies, developing risk measurement methodologies and consolidating risk data for reporting purposes.

assistant: 這部門的指定職責包括制定信貸及評級政策、釐定風險計量方法及整合風險數據以供匯報之用。
user: Please translate the following sentence from English to Chinese: Please note that this Explanatory Memorandum must be read together with the relevant Appendix and/or Addendum to this Explanatory Memorandum which relate to a specific SubFund of the Fund.

assistant: 謹請注意，本說明備忘錄必須與關於本傘子基金特定子基金的本說明備忘錄相關附錄及／或附件一併閱讀。
user: Please translate the following sentence from English to Chinese: The Manager in taking any such action or pursuing any such remedy, to the extent permitted by applicable laws and regulations, shall act in good faith and on reasonable grounds.

assistant: 在適用法律及規例許可的情況下，經理人在採取任何有關行動或尋求任何有關補救時應真誠行事並有合理理由。
user: Please translate the following sentence from English to Chinese: (vii) Minimum Final Redemption Amount:

assistant: (vii) 最後贖回款額下限：
user: Please translate the following sentence from English to Chinese: – up to 20% of its assets in sovereign government bonds;

assistant: －將最多 20% 的資產投資於主權政府債券；
user: Please translate the following sentence from English to Chinese: The Sub-Fund may also invest in other transferable securities, money market instruments, cash or near cash, deposits, derivatives and units in collective investment schemes.

assistant: 本子基金亦將可投資於其他可轉讓證券、貨幣市場工具、現金及近似現金、衍生工具及遠期交易、存款及集體投資計劃。
user: Please translate the following sentence from English to Chinese: the transfer of 49% of the shares of Crédit Agricole Indosuez Cheuvreux to Crédit Agricole Indosuez.

assistant: 將 Crédit Agricole Indosuez Cheuvreux的 49%股份轉讓予 Crédit Agricole Indosuez。
user: Please translate the following sentence from English to Chinese: Any distributions involving payment of dividends out of a Sub-Fund’s capital or effectively out of its capital may result in an immediate reduction of the Net Asset Value of the relevant Units.” CIFM Asset Management (Hong Kong) Limited 20 February 2017

assistant: 任何涉及從子基金的資本中或實際上從資本中支付股息的分派可能導致有關單位的資產淨值即時減少。」 上投摩根資產管理（香港）有限公司 2017 年 2 月 20 日
user: Please translate the following sentence from English to Chinese: Investors should pay attention to the arrangements of the relevant authorized distributor(s) concerned.

assistant: 香港代表／分銷商設定的交易截止時間可能各有不同，投資者應注意提交要求的截止時間。
user: Please translate the following sentence from English to Chinese: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, USA and the European Union.

assistant: 阿根廷、澳洲、巴西、加拿大、中國、法國、德國、印度、印尼、意大利、日本、墨西哥、俄羅斯、沙特阿拉伯、南非、南韓、土耳其、英國、美國及歐盟。
user: Please translate the following sentence from English to Chinese: In the event of any conflict between any of the provisions of this Explanatory Memorandum and the Trust Deed, the provisions of the Trust Deed prevail. Copies of the Trust Deed as for the time being in force may be obtained from the Manager at a cost of HK$1,000 each and may be inspected during normal working hours at the offices of the Manager and the Trustee free of charge.

assistant: 如本說明書的條文與信託契約有歧異之處，應以信託契約的條文爲準。 該信託契約之副本可以每份1,000港元向經理人購買，或在經理人或信託人辦事處免費查閱。
user: Please translate the following sentence from English to Chinese: The Net Asset Value of each Class of the relevant SubFund is calculated in the Base Currency of that SubFund.

assistant: 有關子基金的每類別資產淨值以該子基金的基數貨幣計算。
user: Please translate the following sentence from English to Chinese: provided however that the investment restriction in this paragraph (b) does not affect paragraph (v) in the section entitled “Investment Restrictions and Guidelines” in the section entitled “INVESTMENT OBJECTIVES, POLICIES AND RESTRICTIONS” in Section A of the Consolidated Explanatory Memoranda of Asia Pacific Equity Funds;

assistant: 惟於此(b)段的投資限制並不影響第A節亞太區股票基金的綜合基金說明書內「投資目標、政策及限制」一節內「投資限制及指引」分節內的(v)段；
user: Please translate the following sentence from English to Chinese: Circular issued by the CSSF on 4 June 2008 concerning the rules applicable to undertakings for collective investment when they utilise certain techniques and instruments based on transferable securities and money market instruments.

assistant: CSSF 於 2008 年 6 月 4 日，就集體投資計劃基於可轉讓證券及貨幣市場工具而使用若干技巧與工具時適用的規則所刊發的通函。
user: Please translate the following sentence from English to Chinese: Also, investors who wish to receive redemption proceeds in a currency other than Hong Kong dollars will have to convert (whether through Manager or otherwise) the proceeds to such other currency.

assistant: 此外，如投資者欲以港元以外的貨幣收取贖回款項，投資者須把款項折算（不論是透過基金經理或以其他方式）爲該其他貨幣。
user: Please translate the following sentence from English to Chinese: The information obtained from MSCI and other data providers, included in this Prospectus, may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices.

assistant: 本發行章程內由 MSCI 及其他數據提供機構所取得的資料，只供閣下自用，不得以任何形式複製或傳播派發，亦不得用以編制任何財務工具或產品或任何指數。
user: Please translate the following sentence from English to Chinese: Accordingly, the amount of death benefit may be reduced by such claim amount paid.

assistant: 因此，身故賠償的金額可能就該筆已支付的索賠金額而減少。
user: Please translate the following sentence from English to Chinese: (g) Government Policy Risks:

assistant: (g) 政府政策風險：
user: Please translate the following sentence from English to Chinese: There may be a time lag between the availability of the unit/share prices of the collective investment schemes that the Funds hold and the valuation of the Funds, this time lag leads to mis-alignment between prices of the underlying securities of those collective investment scheme and the valuation time of the Funds.

assistant: 各基金持有的集體投資計劃公佈單位 / 股份價格的時間可能與各基金的估值時間存在時差，這可能導致該等集體投資計劃的相關證券的價格與各基金的估值時間出現錯配。
user: Please translate the following sentence from English to Chinese: The Board has not recommended the payment of final dividend for the year ended 31 December 2016.

assistant: 董事會建議截至二零一六年十二月三十一日止年度不派發末期股息。