id	sid	tid	token	lemma	pos
cjal-9190	1	1	microsoft	microsoft	PROPN
cjal-9190	1	2	word	word	NOUN
cjal-9190	1	3	[	[	X
cjal-9190	1	4	formatted	format	VERB
cjal-9190	1	5	v2	v2	NOUN
cjal-9190	1	6	]	]	X
cjal-9190	1	7	institutional	institutional	ADJ
cjal-9190	1	8	investors	investor	NOUN
cjal-9190	1	9	in	in	ADP
cjal-9190	1	10	china	china	PROPN
cjal-9190	1	11	74	74	NUM
cjal-9190	1	12	-	-	SYM
cjal-9190	1	13	159	159	NUM
cjal-9190	1	14	74	74	NUM
cjal-9190	1	15	institutional	institutional	ADJ
cjal-9190	1	16	investors	investor	NOUN
cjal-9190	1	17	in	in	ADP
cjal-9190	1	18	china	china	PROPN
cjal-9190	2	1	[	[	X
cjal-9190	2	2	vol	vol	NOUN
cjal-9190	2	3	.	.	PUNCT
cjal-9190	2	4	35	35	NUM
cjal-9190	2	5	:	:	SYM
cjal-9190	2	6	74	74	NUM
cjal-9190	2	7	institutional	institutional	ADJ
cjal-9190	2	8	investors	investor	NOUN
cjal-9190	2	9	in	in	ADP
cjal-9190	2	10	china	china	PROPN
cjal-9190	2	11	:	:	PUNCT
cjal-9190	2	12	corporate	corporate	ADJ
cjal-9190	2	13	governance	governance	NOUN
cjal-9190	2	14	and	and	CCONJ
cjal-9190	2	15	policy	policy	NOUN
cjal-9190	2	16	channeling	channeling	NOUN
cjal-9190	2	17	in	in	ADP
cjal-9190	2	18	the	the	DET
cjal-9190	2	19	market	market	NOUN
cjal-9190	2	20	within	within	ADP
cjal-9190	2	21	the	the	DET
cjal-9190	2	22	state	state	NOUN
cjal-9190	2	23	lin	lin	PROPN
cjal-9190	2	24	lin	lin	PROPN
cjal-9190	2	25	&	&	CCONJ
cjal-9190	2	26	dan	dan	PROPN
cjal-9190	2	27	w.	w.	PROPN
cjal-9190	2	28	puchniak	puchniak	PROPN
cjal-9190	2	29	*	*	PROPN
cjal-9190	2	30	the	the	DET
cjal-9190	2	31	extraordinary	extraordinary	ADJ
cjal-9190	2	32	rise	rise	NOUN
cjal-9190	2	33	of	of	ADP
cjal-9190	2	34	china	china	PROPN
cjal-9190	2	35	’s	’s	PART
cjal-9190	2	36	economy	economy	NOUN
cjal-9190	2	37	has	have	AUX
cjal-9190	2	38	made	make	VERB
cjal-9190	2	39	understanding	understand	VERB
cjal-9190	2	40	chinese	chinese	ADJ
cjal-9190	2	41	corporate	corporate	ADJ
cjal-9190	2	42	governance	governance	NOUN
cjal-9190	2	43	an	an	DET
cjal-9190	2	44	issue	issue	NOUN
cjal-9190	2	45	of	of	ADP
cjal-9190	2	46	global	global	ADJ
cjal-9190	2	47	importance	importance	NOUN
cjal-9190	2	48	.	.	PUNCT
cjal-9190	3	1	a	a	DET
cjal-9190	3	2	rich	rich	ADJ
cjal-9190	3	3	literature	literature	NOUN
cjal-9190	3	4	has	have	AUX
cjal-9190	3	5	developed	develop	VERB
cjal-9190	3	6	analyzing	analyze	VERB
cjal-9190	3	7	the	the	DET
cjal-9190	3	8	chinese	chinese	ADJ
cjal-9190	3	9	communist	communist	PROPN
cjal-9190	3	10	party	party	PROPN
cjal-9190	3	11	’s	’s	PART
cjal-9190	3	12	(	(	PUNCT
cjal-9190	3	13	ccp	ccp	PROPN
cjal-9190	3	14	)	)	PUNCT
cjal-9190	3	15	role	role	NOUN
cjal-9190	3	16	as	as	ADP
cjal-9190	3	17	china	china	PROPN
cjal-9190	3	18	’s	’s	PART
cjal-9190	3	19	largest	large	ADJ
cjal-9190	3	20	controlling	control	VERB
cjal-9190	3	21	shareholder	shareholder	NOUN
cjal-9190	3	22	and	and	CCONJ
cjal-9190	3	23	the	the	DET
cjal-9190	3	24	impact	impact	NOUN
cjal-9190	3	25	that	that	PRON
cjal-9190	3	26	this	this	PRON
cjal-9190	3	27	has	have	VERB
cjal-9190	3	28	on	on	ADP
cjal-9190	3	29	chinese	chinese	ADJ
cjal-9190	3	30	corporate	corporate	ADJ
cjal-9190	3	31	governance	governance	NOUN
cjal-9190	3	32	.	.	PUNCT
cjal-9190	4	1	however	however	ADV
cjal-9190	4	2	,	,	PUNCT
cjal-9190	4	3	the	the	DET
cjal-9190	4	4	ccp	ccp	PROPN
cjal-9190	4	5	’s	’s	PART
cjal-9190	4	6	role	role	NOUN
cjal-9190	4	7	as	as	ADP
cjal-9190	4	8	the	the	DET
cjal-9190	4	9	architect	architect	NOUN
cjal-9190	4	10	—	—	PUNCT
cjal-9190	4	11	and	and	CCONJ
cjal-9190	4	12	direct	direct	ADJ
cjal-9190	4	13	and	and	CCONJ
cjal-9190	4	14	indirect	indirect	ADJ
cjal-9190	4	15	controller	controller	NOUN
cjal-9190	4	16	—	—	PUNCT
cjal-9190	4	17	of	of	ADP
cjal-9190	4	18	institutional	institutional	ADJ
cjal-9190	4	19	investors	investor	NOUN
cjal-9190	4	20	in	in	ADP
cjal-9190	4	21	china	china	PROPN
cjal-9190	4	22	has	have	AUX
cjal-9190	4	23	been	be	AUX
cjal-9190	4	24	largely	largely	ADV
cjal-9190	4	25	overlooked	overlook	VERB
cjal-9190	4	26	in	in	ADP
cjal-9190	4	27	the	the	DET
cjal-9190	4	28	legal	legal	ADJ
cjal-9190	4	29	literature	literature	NOUN
cjal-9190	4	30	.	.	PUNCT
cjal-9190	5	1	this	this	DET
cjal-9190	5	2	article	article	NOUN
cjal-9190	5	3	aims	aim	VERB
cjal-9190	5	4	to	to	PART
cjal-9190	5	5	take	take	VERB
cjal-9190	5	6	the	the	DET
cjal-9190	5	7	first	first	ADJ
cjal-9190	5	8	step	step	NOUN
cjal-9190	5	9	in	in	ADP
cjal-9190	5	10	filling	fill	VERB
cjal-9190	5	11	this	this	DET
cjal-9190	5	12	gap	gap	NOUN
cjal-9190	5	13	in	in	ADP
cjal-9190	5	14	the	the	DET
cjal-9190	5	15	literature	literature	NOUN
cjal-9190	5	16	by	by	ADP
cjal-9190	5	17	drawing	draw	VERB
cjal-9190	5	18	on	on	ADP
cjal-9190	5	19	chinese	chinese	ADJ
cjal-9190	5	20	sources	source	NOUN
cjal-9190	5	21	and	and	CCONJ
cjal-9190	5	22	fresh	fresh	ADJ
cjal-9190	5	23	hand	hand	NOUN
cjal-9190	5	24	-	-	PUNCT
cjal-9190	5	25	collected	collect	VERB
cjal-9190	5	26	empirical	empirical	ADJ
cjal-9190	5	27	,	,	PUNCT
cjal-9190	5	28	interview	interview	NOUN
cjal-9190	5	29	,	,	PUNCT
cjal-9190	5	30	and	and	CCONJ
cjal-9190	5	31	case	case	NOUN
cjal-9190	5	32	study	study	NOUN
cjal-9190	5	33	evidence	evidence	NOUN
cjal-9190	5	34	to	to	PART
cjal-9190	5	35	analyze	analyze	VERB
cjal-9190	5	36	the	the	DET
cjal-9190	5	37	meteoric	meteoric	ADJ
cjal-9190	5	38	rise	rise	NOUN
cjal-9190	5	39	of	of	ADP
cjal-9190	5	40	institutional	institutional	ADJ
cjal-9190	5	41	investors	investor	NOUN
cjal-9190	5	42	in	in	ADP
cjal-9190	5	43	china	china	PROPN
cjal-9190	5	44	.	.	PUNCT
cjal-9190	6	1	it	it	PRON
cjal-9190	6	2	provides	provide	VERB
cjal-9190	6	3	a	a	DET
cjal-9190	6	4	taxonomy	taxonomy	NOUN
cjal-9190	6	5	of	of	ADP
cjal-9190	6	6	institutional	institutional	ADJ
cjal-9190	6	7	investors	investor	NOUN
cjal-9190	6	8	in	in	ADP
cjal-9190	6	9	china	china	PROPN
cjal-9190	6	10	and	and	CCONJ
cjal-9190	6	11	reveals	reveal	VERB
cjal-9190	6	12	how	how	SCONJ
cjal-9190	6	13	the	the	DET
cjal-9190	6	14	market	market	NOUN
cjal-9190	6	15	for	for	ADP
cjal-9190	6	16	institutional	institutional	ADJ
cjal-9190	6	17	investors	investor	NOUN
cjal-9190	6	18	has	have	AUX
cjal-9190	6	19	grown	grow	VERB
cjal-9190	6	20	and	and	CCONJ
cjal-9190	6	21	has	have	AUX
cjal-9190	6	22	become	become	AUX
cjal-9190	6	23	increasingly	increasingly	ADV
cjal-9190	6	24	“	"	PUNCT
cjal-9190	6	25	atomized	atomize	VERB
cjal-9190	6	26	”	"	PUNCT
cjal-9190	6	27	as	as	SCONJ
cjal-9190	6	28	different	different	ADJ
cjal-9190	6	29	types	type	NOUN
cjal-9190	6	30	of	of	ADP
cjal-9190	6	31	institutional	institutional	ADJ
cjal-9190	6	32	investors	investor	NOUN
cjal-9190	6	33	have	have	AUX
cjal-9190	6	34	proliferated	proliferate	VERB
cjal-9190	6	35	.	.	PUNCT
cjal-9190	7	1	the	the	DET
cjal-9190	7	2	article	article	NOUN
cjal-9190	7	3	reveals	reveal	VERB
cjal-9190	7	4	how	how	SCONJ
cjal-9190	7	5	the	the	DET
cjal-9190	7	6	ccp	ccp	PROPN
cjal-9190	7	7	has	have	AUX
cjal-9190	7	8	actively	actively	ADV
cjal-9190	7	9	and	and	CCONJ
cjal-9190	7	10	gradually	gradually	ADV
cjal-9190	7	11	promoted	promote	VERB
cjal-9190	7	12	the	the	DET
cjal-9190	7	13	growth	growth	NOUN
cjal-9190	7	14	of	of	ADP
cjal-9190	7	15	domestic	domestic	ADJ
cjal-9190	7	16	institutional	institutional	ADJ
cjal-9190	7	17	investors	investor	NOUN
cjal-9190	7	18	,	,	PUNCT
cjal-9190	7	19	in	in	ADP
cjal-9190	7	20	terms	term	NOUN
cjal-9190	7	21	of	of	ADP
cjal-9190	7	22	types	type	NOUN
cjal-9190	7	23	and	and	CCONJ
cjal-9190	7	24	size	size	NOUN
cjal-9190	7	25	,	,	PUNCT
cjal-9190	7	26	through	through	ADP
cjal-9190	7	27	the	the	DET
cjal-9190	7	28	relaxation	relaxation	NOUN
cjal-9190	7	29	of	of	ADP
cjal-9190	7	30	policies	policy	NOUN
cjal-9190	7	31	and	and	CCONJ
cjal-9190	7	32	law	law	NOUN
cjal-9190	7	33	reforms	reform	NOUN
cjal-9190	7	34	to	to	PART
cjal-9190	7	35	improve	improve	VERB
cjal-9190	7	36	corporate	corporate	ADJ
cjal-9190	7	37	governance	governance	NOUN
cjal-9190	7	38	and	and	CCONJ
cjal-9190	7	39	stabilize	stabilize	VERB
cjal-9190	7	40	the	the	DET
cjal-9190	7	41	stock	stock	NOUN
cjal-9190	7	42	market	market	NOUN
cjal-9190	7	43	,	,	PUNCT
cjal-9190	7	44	while	while	SCONJ
cjal-9190	7	45	limiting	limit	VERB
cjal-9190	7	46	the	the	DET
cjal-9190	7	47	influence	influence	NOUN
cjal-9190	7	48	of	of	ADP
cjal-9190	7	49	foreign	foreign	ADJ
cjal-9190	7	50	institutional	institutional	ADJ
cjal-9190	7	51	investors	investor	NOUN
cjal-9190	7	52	.	.	PUNCT
cjal-9190	8	1	it	it	PRON
cjal-9190	8	2	further	far	ADV
cjal-9190	8	3	analyzes	analyze	VERB
cjal-9190	8	4	all	all	DET
cjal-9190	8	5	the	the	DET
cjal-9190	8	6	activist	activist	ADJ
cjal-9190	8	7	campaigns	campaign	NOUN
cjal-9190	8	8	undertaken	undertake	VERB
cjal-9190	8	9	by	by	ADP
cjal-9190	8	10	institutional	institutional	ADJ
cjal-9190	8	11	investors	investor	NOUN
cjal-9190	8	12	in	in	ADP
cjal-9190	8	13	china	china	PROPN
cjal-9190	8	14	and	and	CCONJ
cjal-9190	8	15	maps	map	VERB
cjal-9190	8	16	the	the	DET
cjal-9190	8	17	network	network	NOUN
cjal-9190	8	18	of	of	ADP
cjal-9190	8	19	government	government	NOUN
cjal-9190	8	20	*	*	PUNCT
cjal-9190	8	21	lin	lin	PROPN
cjal-9190	8	22	lin	lin	PROPN
cjal-9190	8	23	and	and	CCONJ
cjal-9190	8	24	dan	dan	PROPN
cjal-9190	8	25	w.	w.	PROPN
cjal-9190	8	26	puchniak	puchniak	PROPN
cjal-9190	8	27	are	be	AUX
cjal-9190	8	28	associate	associate	ADJ
cjal-9190	8	29	professors	professor	NOUN
cjal-9190	8	30	in	in	ADP
cjal-9190	8	31	the	the	DET
cjal-9190	8	32	faculty	faculty	NOUN
cjal-9190	8	33	of	of	ADP
cjal-9190	8	34	law	law	NOUN
cjal-9190	8	35	at	at	ADP
cjal-9190	8	36	the	the	DET
cjal-9190	8	37	national	national	PROPN
cjal-9190	8	38	university	university	PROPN
cjal-9190	8	39	of	of	ADP
cjal-9190	8	40	singapore	singapore	PROPN
cjal-9190	8	41	(	(	PUNCT
cjal-9190	8	42	nus	nus	PROPN
cjal-9190	8	43	law	law	PROPN
cjal-9190	8	44	)	)	PUNCT
cjal-9190	8	45	.	.	PUNCT
cjal-9190	9	1	we	we	PRON
cjal-9190	9	2	are	be	AUX
cjal-9190	9	3	grateful	grateful	ADJ
cjal-9190	9	4	to	to	ADP
cjal-9190	9	5	the	the	DET
cjal-9190	9	6	nus	nus	PROPN
cjal-9190	9	7	law	law	NOUN
cjal-9190	9	8	centre	centre	NOUN
cjal-9190	9	9	for	for	ADP
cjal-9190	9	10	asian	asian	ADJ
cjal-9190	9	11	legal	legal	ADJ
cjal-9190	9	12	studies	study	NOUN
cjal-9190	9	13	(	(	PUNCT
cjal-9190	9	14	cals	cal	NOUN
cjal-9190	9	15	)	)	PUNCT
cjal-9190	9	16	and	and	CCONJ
cjal-9190	9	17	the	the	DET
cjal-9190	9	18	nus	nus	PROPN
cjal-9190	9	19	ew	ew	PROPN
cjal-9190	9	20	barker	barker	PROPN
cjal-9190	9	21	centre	centre	PROPN
cjal-9190	9	22	for	for	ADP
cjal-9190	9	23	law	law	NOUN
cjal-9190	9	24	&	&	CCONJ
cjal-9190	9	25	business	business	PROPN
cjal-9190	9	26	(	(	PUNCT
cjal-9190	9	27	ewbclb	ewbclb	NOUN
cjal-9190	9	28	)	)	PUNCT
cjal-9190	9	29	for	for	ADP
cjal-9190	9	30	funding	fund	VERB
cjal-9190	9	31	this	this	DET
cjal-9190	9	32	research	research	NOUN
cjal-9190	9	33	project	project	NOUN
cjal-9190	9	34	.	.	PUNCT
cjal-9190	10	1	we	we	PRON
cjal-9190	10	2	thank	thank	VERB
cjal-9190	10	3	the	the	DET
cjal-9190	10	4	interviewees	interviewee	NOUN
cjal-9190	10	5	(	(	PUNCT
cjal-9190	10	6	including	include	VERB
cjal-9190	10	7	a	a	DET
cjal-9190	10	8	partner	partner	NOUN
cjal-9190	10	9	of	of	ADP
cjal-9190	10	10	the	the	DET
cjal-9190	10	11	global	global	ADJ
cjal-9190	10	12	law	law	PROPN
cjal-9190	10	13	office	office	NOUN
cjal-9190	10	14	(	(	PUNCT
cjal-9190	10	15	beijing	beijing	PROPN
cjal-9190	10	16	)	)	PUNCT
cjal-9190	10	17	,	,	PUNCT
cjal-9190	10	18	a	a	DET
cjal-9190	10	19	legal	legal	ADJ
cjal-9190	10	20	counsel	counsel	NOUN
cjal-9190	10	21	of	of	ADP
cjal-9190	10	22	dbs	dbs	PROPN
cjal-9190	10	23	securities	securities	PROPN
cjal-9190	10	24	(	(	PUNCT
cjal-9190	10	25	china	china	PROPN
cjal-9190	10	26	)	)	PUNCT
cjal-9190	10	27	,	,	PUNCT
cjal-9190	10	28	a	a	DET
cjal-9190	10	29	legal	legal	ADJ
cjal-9190	10	30	counsel	counsel	NOUN
cjal-9190	10	31	of	of	ADP
cjal-9190	10	32	hsbc	hsbc	PROPN
cjal-9190	10	33	(	(	PUNCT
cjal-9190	10	34	chongqing	chongqing	PROPN
cjal-9190	10	35	)	)	PUNCT
cjal-9190	10	36	,	,	PUNCT
cjal-9190	10	37	a	a	DET
cjal-9190	10	38	senior	senior	ADJ
cjal-9190	10	39	manager	manager	NOUN
cjal-9190	10	40	of	of	ADP
cjal-9190	10	41	cms	cms	PROPN
cjal-9190	10	42	(	(	PUNCT
cjal-9190	10	43	shanghai	shanghai	PROPN
cjal-9190	10	44	)	)	PUNCT
cjal-9190	10	45	,	,	PUNCT
cjal-9190	10	46	an	an	DET
cjal-9190	10	47	investment	investment	NOUN
cjal-9190	10	48	manager	manager	NOUN
cjal-9190	10	49	of	of	ADP
cjal-9190	10	50	gf	gf	PROPN
cjal-9190	10	51	securities	securities	PROPN
cjal-9190	10	52	(	(	PUNCT
cjal-9190	10	53	guangzhou	guangzhou	PROPN
cjal-9190	10	54	)	)	PUNCT
cjal-9190	10	55	,	,	PUNCT
cjal-9190	10	56	an	an	DET
cjal-9190	10	57	investment	investment	NOUN
cjal-9190	10	58	manager	manager	NOUN
cjal-9190	10	59	of	of	ADP
cjal-9190	10	60	cicc	cicc	NOUN
cjal-9190	10	61	(	(	PUNCT
cjal-9190	10	62	shenzhen	shenzhen	PROPN
cjal-9190	10	63	)	)	PUNCT
cjal-9190	10	64	,	,	PUNCT
cjal-9190	10	65	a	a	DET
cjal-9190	10	66	legal	legal	ADJ
cjal-9190	10	67	counsel	counsel	NOUN
cjal-9190	10	68	of	of	ADP
cjal-9190	10	69	cicc	cicc	NOUN
cjal-9190	10	70	(	(	PUNCT
cjal-9190	10	71	singapore	singapore	PROPN
cjal-9190	10	72	)	)	PUNCT
cjal-9190	10	73	,	,	PUNCT
cjal-9190	10	74	a	a	DET
cjal-9190	10	75	legal	legal	ADJ
cjal-9190	10	76	officer	officer	NOUN
cjal-9190	10	77	of	of	ADP
cjal-9190	10	78	safe	safe	ADJ
cjal-9190	10	79	,	,	PUNCT
cjal-9190	10	80	a	a	DET
cjal-9190	10	81	financial	financial	ADJ
cjal-9190	10	82	adviser	adviser	NOUN
cjal-9190	10	83	of	of	ADP
cjal-9190	10	84	cofco	cofco	PROPN
cjal-9190	10	85	(	(	PUNCT
cjal-9190	10	86	guangzhou	guangzhou	PROPN
cjal-9190	10	87	)	)	PUNCT
cjal-9190	10	88	,	,	PUNCT
cjal-9190	10	89	and	and	CCONJ
cjal-9190	10	90	a	a	DET
cjal-9190	10	91	partner	partner	NOUN
cjal-9190	10	92	of	of	ADP
cjal-9190	10	93	deheng	deheng	PROPN
cjal-9190	10	94	law	law	NOUN
cjal-9190	10	95	offices	office	NOUN
cjal-9190	10	96	(	(	PUNCT
cjal-9190	10	97	chongqing	chongqe	VERB
cjal-9190	10	98	)	)	PUNCT
cjal-9190	10	99	for	for	ADP
cjal-9190	10	100	sharing	share	VERB
cjal-9190	10	101	their	their	PRON
cjal-9190	10	102	insights	insight	NOUN
cjal-9190	10	103	with	with	ADP
cjal-9190	10	104	us	we	PRON
cjal-9190	10	105	.	.	PUNCT
cjal-9190	11	1	we	we	PRON
cjal-9190	11	2	are	be	AUX
cjal-9190	11	3	grateful	grateful	ADJ
cjal-9190	11	4	to	to	PART
cjal-9190	11	5	pangyue	pangyue	PROPN
cjal-9190	11	6	cheng	cheng	PROPN
cjal-9190	11	7	,	,	PUNCT
cjal-9190	11	8	tami	tami	PROPN
cjal-9190	11	9	groswald	groswald	PROPN
cjal-9190	11	10	,	,	PUNCT
cjal-9190	11	11	robin	robin	PROPN
cjal-9190	11	12	hui	hui	PROPN
cjal-9190	11	13	huang	huang	PROPN
cjal-9190	11	14	,	,	PUNCT
cjal-9190	11	15	michael	michael	PROPN
cjal-9190	11	16	klausner	klausner	PROPN
cjal-9190	11	17	,	,	PUNCT
cjal-9190	11	18	guo	guo	PROPN
cjal-9190	11	19	li	li	PROPN
cjal-9190	11	20	,	,	PUNCT
cjal-9190	11	21	yu	yu	PROPN
cjal-9190	11	22	-	-	PROPN
cjal-9190	11	23	hsin	hsin	PROPN
cjal-9190	11	24	lin	lin	PROPN
cjal-9190	11	25	,	,	PUNCT
cjal-9190	11	26	curtis	curtis	PROPN
cjal-9190	11	27	milhaupt	milhaupt	PROPN
cjal-9190	11	28	,	,	PUNCT
cjal-9190	11	29	mariana	mariana	PROPN
cjal-9190	11	30	pargendler	pargendler	PROPN
cjal-9190	11	31	,	,	PUNCT
cjal-9190	11	32	teemu	teemu	PROPN
cjal-9190	11	33	ruskola	ruskola	PROPN
cjal-9190	11	34	,	,	PUNCT
cjal-9190	11	35	holger	holger	NOUN
cjal-9190	11	36	spamann	spamann	PROPN
cjal-9190	11	37	,	,	PUNCT
cjal-9190	11	38	hans	hans	PROPN
cjal-9190	11	39	tjio	tjio	NOUN
cjal-9190	11	40	,	,	PUNCT
cjal-9190	11	41	yongnian	yongnian	PROPN
cjal-9190	11	42	zheng	zheng	PROPN
cjal-9190	11	43	,	,	PUNCT
cjal-9190	11	44	zhong	zhong	PROPN
cjal-9190	11	45	jinghui	jinghui	PROPN
cjal-9190	11	46	and	and	CCONJ
cjal-9190	11	47	alex	alex	PROPN
cjal-9190	11	48	zhou	zhou	PROPN
cjal-9190	11	49	for	for	ADP
cjal-9190	11	50	feedback	feedback	NOUN
cjal-9190	11	51	on	on	ADP
cjal-9190	11	52	earlier	early	ADJ
cjal-9190	11	53	drafts	draft	NOUN
cjal-9190	11	54	of	of	ADP
cjal-9190	11	55	this	this	DET
cjal-9190	11	56	article	article	NOUN
cjal-9190	11	57	and	and	CCONJ
cjal-9190	11	58	to	to	ADP
cjal-9190	11	59	jordan	jordan	PROPN
cjal-9190	11	60	ng	ng	PROPN
cjal-9190	11	61	qi	qi	PROPN
cjal-9190	11	62	le	le	PROPN
cjal-9190	11	63	,	,	PUNCT
cjal-9190	11	64	ivan	ivan	PROPN
cjal-9190	11	65	tan	tan	PROPN
cjal-9190	11	66	ren	ren	PROPN
cjal-9190	11	67	yi	yi	PROPN
cjal-9190	11	68	,	,	PUNCT
cjal-9190	11	69	and	and	CCONJ
cjal-9190	11	70	zhu	zhu	PROPN
cjal-9190	11	71	xuan	xuan	PROPN
cjal-9190	11	72	at	at	ADP
cjal-9190	11	73	nus	nus	PROPN
cjal-9190	11	74	law	law	PROPN
cjal-9190	11	75	for	for	ADP
cjal-9190	11	76	their	their	PRON
cjal-9190	11	77	exceptional	exceptional	ADJ
cjal-9190	11	78	work	work	NOUN
cjal-9190	11	79	as	as	ADP
cjal-9190	11	80	research	research	NOUN
cjal-9190	11	81	assistants	assistant	NOUN
cjal-9190	11	82	.	.	PUNCT
cjal-9190	12	1	we	we	PRON
cjal-9190	12	2	are	be	AUX
cjal-9190	12	3	also	also	ADV
cjal-9190	12	4	grateful	grateful	ADJ
cjal-9190	12	5	to	to	ADP
cjal-9190	12	6	the	the	DET
cjal-9190	12	7	editorial	editorial	ADJ
cjal-9190	12	8	team	team	NOUN
cjal-9190	12	9	of	of	ADP
cjal-9190	12	10	the	the	DET
cjal-9190	12	11	columbia	columbia	PROPN
cjal-9190	12	12	journal	journal	PROPN
cjal-9190	12	13	of	of	ADP
cjal-9190	12	14	asian	asian	ADJ
cjal-9190	12	15	law	law	NOUN
cjal-9190	12	16	who	who	PRON
cjal-9190	12	17	did	do	VERB
cjal-9190	12	18	an	an	DET
cjal-9190	12	19	exceptional	exceptional	ADJ
cjal-9190	12	20	job	job	NOUN
cjal-9190	12	21	editing	edit	VERB
cjal-9190	12	22	this	this	DET
cjal-9190	12	23	article	article	NOUN
cjal-9190	12	24	.	.	PUNCT
cjal-9190	13	1	any	any	DET
cjal-9190	13	2	errors	error	NOUN
cjal-9190	13	3	remain	remain	VERB
cjal-9190	13	4	our	our	PRON
cjal-9190	13	5	own	own	ADJ
cjal-9190	13	6	.	.	PUNCT
cjal-9190	14	1	2022	2022	NUM
cjal-9190	14	2	]	]	PUNCT
cjal-9190	14	3	columbia	columbia	PROPN
cjal-9190	14	4	journal	journal	PROPN
cjal-9190	14	5	of	of	ADP
cjal-9190	14	6	asian	asian	ADJ
cjal-9190	14	7	law	law	NOUN
cjal-9190	14	8	75	75	NUM
cjal-9190	14	9	bodies	body	NOUN
cjal-9190	14	10	,	,	PUNCT
cjal-9190	14	11	regulations	regulation	NOUN
cjal-9190	14	12	,	,	PUNCT
cjal-9190	14	13	and	and	CCONJ
cjal-9190	14	14	tactics	tactic	NOUN
cjal-9190	14	15	that	that	PRON
cjal-9190	14	16	the	the	DET
cjal-9190	14	17	ccp	ccp	PROPN
cjal-9190	14	18	has	have	AUX
cjal-9190	14	19	developed	develop	VERB
cjal-9190	14	20	to	to	PART
cjal-9190	14	21	directly	directly	ADV
cjal-9190	14	22	and	and	CCONJ
cjal-9190	14	23	indirectly	indirectly	ADV
cjal-9190	14	24	control	control	VERB
cjal-9190	14	25	state	state	NOUN
cjal-9190	14	26	-	-	PUNCT
cjal-9190	14	27	owned	own	VERB
cjal-9190	14	28	institutional	institutional	ADJ
cjal-9190	14	29	investors	investor	NOUN
cjal-9190	14	30	(	(	PUNCT
cjal-9190	14	31	soiis	soiis	NOUN
cjal-9190	14	32	)	)	PUNCT
cjal-9190	14	33	and	and	CCONJ
cjal-9190	14	34	private	private	ADJ
cjal-9190	14	35	-	-	PUNCT
cjal-9190	14	36	owned	own	VERB
cjal-9190	14	37	institutional	institutional	ADJ
cjal-9190	14	38	investors	investor	NOUN
cjal-9190	14	39	(	(	PUNCT
cjal-9190	14	40	poiis	poiis	ADJ
cjal-9190	14	41	)	)	PUNCT
cjal-9190	14	42	for	for	ADP
cjal-9190	14	43	the	the	DET
cjal-9190	14	44	purpose	purpose	NOUN
cjal-9190	14	45	of	of	ADP
cjal-9190	14	46	policy	policy	NOUN
cjal-9190	14	47	channeling	channeling	NOUN
cjal-9190	14	48	.	.	PUNCT
cjal-9190	15	1	this	this	DET
cjal-9190	15	2	article	article	NOUN
cjal-9190	15	3	concludes	conclude	VERB
cjal-9190	15	4	by	by	ADP
cjal-9190	15	5	taking	take	VERB
cjal-9190	15	6	a	a	DET
cjal-9190	15	7	step	step	NOUN
cjal-9190	15	8	back	back	ADV
cjal-9190	15	9	and	and	CCONJ
cjal-9190	15	10	briefly	briefly	ADV
cjal-9190	15	11	considering	consider	VERB
cjal-9190	15	12	what	what	PRON
cjal-9190	15	13	this	this	DET
cjal-9190	15	14	examination	examination	NOUN
cjal-9190	15	15	of	of	ADP
cjal-9190	15	16	institutional	institutional	ADJ
cjal-9190	15	17	investors	investor	NOUN
cjal-9190	15	18	tells	tell	VERB
cjal-9190	15	19	us	we	PRON
cjal-9190	15	20	about	about	ADP
cjal-9190	15	21	china	china	PROPN
cjal-9190	15	22	’s	’s	PART
cjal-9190	15	23	unique	unique	ADJ
cjal-9190	15	24	form	form	NOUN
cjal-9190	15	25	of	of	ADP
cjal-9190	15	26	capitalism	capitalism	NOUN
cjal-9190	15	27	and	and	CCONJ
cjal-9190	15	28	system	system	NOUN
cjal-9190	15	29	of	of	ADP
cjal-9190	15	30	corporate	corporate	ADJ
cjal-9190	15	31	governance	governance	NOUN
cjal-9190	15	32	.	.	PUNCT
cjal-9190	16	1	it	it	PRON
cjal-9190	16	2	suggests	suggest	VERB
cjal-9190	16	3	that	that	SCONJ
cjal-9190	16	4	the	the	DET
cjal-9190	16	5	rise	rise	NOUN
cjal-9190	16	6	of	of	ADP
cjal-9190	16	7	institutional	institutional	ADJ
cjal-9190	16	8	investors	investor	NOUN
cjal-9190	16	9	in	in	ADP
cjal-9190	16	10	china	china	PROPN
cjal-9190	16	11	has	have	AUX
cjal-9190	16	12	been	be	AUX
cjal-9190	16	13	strategically	strategically	ADV
cjal-9190	16	14	developed	develop	VERB
cjal-9190	16	15	in	in	ADP
cjal-9190	16	16	a	a	DET
cjal-9190	16	17	way	way	NOUN
cjal-9190	16	18	to	to	PART
cjal-9190	16	19	reinforce	reinforce	VERB
cjal-9190	16	20	the	the	DET
cjal-9190	16	21	ccp	ccp	PROPN
cjal-9190	16	22	’s	’s	PART
cjal-9190	16	23	ultimate	ultimate	ADJ
cjal-9190	16	24	control	control	NOUN
cjal-9190	16	25	over	over	ADP
cjal-9190	16	26	the	the	DET
cjal-9190	16	27	financial	financial	ADJ
cjal-9190	16	28	system	system	NOUN
cjal-9190	16	29	.	.	PUNCT
cjal-9190	17	1	however	however	ADV
cjal-9190	17	2	,	,	PUNCT
cjal-9190	17	3	contrary	contrary	ADV
cjal-9190	17	4	to	to	ADP
cjal-9190	17	5	what	what	PRON
cjal-9190	17	6	some	some	DET
cjal-9190	17	7	conceptions	conception	NOUN
cjal-9190	17	8	of	of	ADP
cjal-9190	17	9	“	"	PUNCT
cjal-9190	17	10	state	state	NOUN
cjal-9190	17	11	capitalism	capitalism	NOUN
cjal-9190	17	12	”	"	PUNCT
cjal-9190	17	13	may	may	AUX
cjal-9190	17	14	suggest	suggest	VERB
cjal-9190	17	15	,	,	PUNCT
cjal-9190	17	16	the	the	DET
cjal-9190	17	17	ccp	ccp	PROPN
cjal-9190	17	18	does	do	AUX
cjal-9190	17	19	not	not	PART
cjal-9190	17	20	micro	micro	VERB
cjal-9190	17	21	-	-	VERB
cjal-9190	17	22	manage	manage	VERB
cjal-9190	17	23	institutional	institutional	ADJ
cjal-9190	17	24	investors	investor	NOUN
cjal-9190	17	25	on	on	ADP
cjal-9190	17	26	a	a	DET
cjal-9190	17	27	day	day	NOUN
cjal-9190	17	28	-	-	PUNCT
cjal-9190	17	29	to	to	ADP
cjal-9190	17	30	-	-	PUNCT
cjal-9190	17	31	day	day	NOUN
cjal-9190	17	32	basis	basis	NOUN
cjal-9190	17	33	.	.	PUNCT
cjal-9190	18	1	rather	rather	ADV
cjal-9190	18	2	,	,	PUNCT
cjal-9190	18	3	institutional	institutional	ADJ
cjal-9190	18	4	investors	investor	NOUN
cjal-9190	18	5	normally	normally	ADV
cjal-9190	18	6	function	function	VERB
cjal-9190	18	7	according	accord	VERB
cjal-9190	18	8	to	to	ADP
cjal-9190	18	9	free	free	ADJ
cjal-9190	18	10	-	-	PUNCT
cjal-9190	18	11	market	market	NOUN
cjal-9190	18	12	forces	force	NOUN
cjal-9190	18	13	and	and	CCONJ
cjal-9190	18	14	increasingly	increasingly	ADV
cjal-9190	18	15	perform	perform	VERB
cjal-9190	18	16	an	an	DET
cjal-9190	18	17	important	important	ADJ
cjal-9190	18	18	corporate	corporate	ADJ
cjal-9190	18	19	governance	governance	NOUN
cjal-9190	18	20	role	role	NOUN
cjal-9190	18	21	—	—	PUNCT
cjal-9190	18	22	with	with	ADP
cjal-9190	18	23	the	the	DET
cjal-9190	18	24	ccp	ccp	PROPN
cjal-9190	18	25	using	use	VERB
cjal-9190	18	26	its	its	PRON
cjal-9190	18	27	policy	policy	NOUN
cjal-9190	18	28	channeling	channel	VERB
cjal-9190	18	29	in	in	ADP
cjal-9190	18	30	a	a	DET
cjal-9190	18	31	targeted	target	VERB
cjal-9190	18	32	way	way	NOUN
cjal-9190	18	33	to	to	PART
cjal-9190	18	34	stabilize	stabilize	VERB
cjal-9190	18	35	the	the	DET
cjal-9190	18	36	market	market	NOUN
cjal-9190	18	37	in	in	ADP
cjal-9190	18	38	times	time	NOUN
cjal-9190	18	39	of	of	ADP
cjal-9190	18	40	crisis	crisis	NOUN
cjal-9190	18	41	,	,	PUNCT
cjal-9190	18	42	execute	execute	VERB
cjal-9190	18	43	important	important	ADJ
cjal-9190	18	44	legal	legal	ADJ
cjal-9190	18	45	and	and	CCONJ
cjal-9190	18	46	market	market	NOUN
cjal-9190	18	47	reforms	reform	NOUN
cjal-9190	18	48	,	,	PUNCT
cjal-9190	18	49	and	and	CCONJ
cjal-9190	18	50	to	to	PART
cjal-9190	18	51	maintain	maintain	VERB
cjal-9190	18	52	calm	calm	NOUN
cjal-9190	18	53	in	in	ADP
cjal-9190	18	54	society	society	NOUN
cjal-9190	18	55	during	during	ADP
cjal-9190	18	56	critical	critical	ADJ
cjal-9190	18	57	political	political	ADJ
cjal-9190	18	58	events	event	NOUN
cjal-9190	18	59	:	:	PUNCT
cjal-9190	18	60	what	what	PRON
cjal-9190	18	61	this	this	DET
cjal-9190	18	62	article	article	NOUN
cjal-9190	18	63	termed	term	VERB
cjal-9190	18	64	as	as	ADP
cjal-9190	18	65	the	the	DET
cjal-9190	18	66	“	"	PUNCT
cjal-9190	18	67	market	market	NOUN
cjal-9190	18	68	within	within	ADP
cjal-9190	18	69	the	the	DET
cjal-9190	18	70	state	state	NOUN
cjal-9190	18	71	”	"	PUNCT
cjal-9190	18	72	for	for	ADP
cjal-9190	18	73	institutional	institutional	ADJ
cjal-9190	18	74	investors	investor	NOUN
cjal-9190	18	75	in	in	ADP
cjal-9190	18	76	china	china	PROPN
cjal-9190	18	77	.	.	PUNCT
cjal-9190	19	1	keywords	keyword	NOUN
cjal-9190	19	2	:	:	PUNCT
cjal-9190	19	3	institutional	institutional	ADJ
cjal-9190	19	4	investors	investor	NOUN
cjal-9190	19	5	,	,	PUNCT
cjal-9190	19	6	policy	policy	NOUN
cjal-9190	19	7	channeling	channeling	NOUN
cjal-9190	19	8	,	,	PUNCT
cjal-9190	19	9	minority	minority	NOUN
cjal-9190	19	10	shareholder	shareholder	NOUN
cjal-9190	19	11	,	,	PUNCT
cjal-9190	19	12	shareholder	shareholder	NOUN
cjal-9190	19	13	activism	activism	NOUN
cjal-9190	19	14	,	,	PUNCT
cjal-9190	19	15	corporate	corporate	ADJ
cjal-9190	19	16	governance	governance	NOUN
cjal-9190	19	17	,	,	PUNCT
cjal-9190	19	18	market	market	NOUN
cjal-9190	19	19	within	within	ADP
cjal-9190	19	20	the	the	DET
cjal-9190	19	21	state	state	NOUN
cjal-9190	19	22	76	76	NUM
cjal-9190	19	23	institutional	institutional	ADJ
cjal-9190	19	24	investors	investor	NOUN
cjal-9190	19	25	in	in	ADP
cjal-9190	19	26	china	china	PROPN
cjal-9190	20	1	[	[	X
cjal-9190	20	2	vol	vol	NOUN
cjal-9190	20	3	.	.	PUNCT
cjal-9190	20	4	35	35	NUM
cjal-9190	20	5	:	:	SYM
cjal-9190	20	6	74	74	NUM
cjal-9190	20	7	table	table	NOUN
cjal-9190	20	8	of	of	ADP
cjal-9190	20	9	contents	content	NOUN
cjal-9190	20	10	i.	i.	NOUN
cjal-9190	20	11	introduction	introduction	NOUN
cjal-9190	20	12	.............................................................................	.............................................................................	PUNCT
cjal-9190	21	1	77	77	NUM
cjal-9190	21	2	ii	ii	NOUN
cjal-9190	21	3	.	.	PUNCT
cjal-9190	22	1	the	the	DET
cjal-9190	22	2	rise	rise	NOUN
cjal-9190	22	3	of	of	ADP
cjal-9190	22	4	institutional	institutional	ADJ
cjal-9190	22	5	investors	investor	NOUN
cjal-9190	22	6	in	in	ADP
cjal-9190	22	7	china	china	PROPN
cjal-9190	22	8	–	–	PUNCT
cjal-9190	22	9	a	a	DET
cjal-9190	22	10	remarkable	remarkable	ADJ
cjal-9190	22	11	,	,	PUNCT
cjal-9190	22	12	yet	yet	ADV
cjal-9190	22	13	overlooked	overlook	VERB
cjal-9190	22	14	,	,	PUNCT
cjal-9190	22	15	history	history	NOUN
cjal-9190	22	16	.....................................	.....................................	PUNCT
cjal-9190	23	1	84	84	NUM
cjal-9190	23	2	a.	a.	NOUN
cjal-9190	23	3	institutional	institutional	ADJ
cjal-9190	23	4	investors	investor	NOUN
cjal-9190	23	5	in	in	ADP
cjal-9190	23	6	china	china	PROPN
cjal-9190	23	7	can	can	AUX
cjal-9190	23	8	no	no	ADV
cjal-9190	23	9	longer	long	ADV
cjal-9190	23	10	be	be	AUX
cjal-9190	23	11	ignored	ignore	VERB
cjal-9190	23	12	..	..	PUNCT
cjal-9190	23	13	84	84	NUM
cjal-9190	23	14	b.	b.	NOUN
cjal-9190	23	15	foreign	foreign	ADJ
cjal-9190	23	16	institutional	institutional	ADJ
cjal-9190	23	17	investors	investor	NOUN
cjal-9190	23	18	:	:	PUNCT
cjal-9190	23	19	a	a	DET
cjal-9190	23	20	small	small	ADJ
cjal-9190	23	21	,	,	PUNCT
cjal-9190	23	22	but	but	CCONJ
cjal-9190	23	23	growing	grow	VERB
cjal-9190	23	24	,	,	PUNCT
cjal-9190	23	25	piece	piece	NOUN
cjal-9190	23	26	of	of	ADP
cjal-9190	23	27	the	the	DET
cjal-9190	23	28	taxonomy	taxonomy	NOUN
cjal-9190	23	29	..............................................................................	..............................................................................	PUNCT
cjal-9190	24	1	90	90	NUM
cjal-9190	24	2	c.	c.	NOUN
cjal-9190	24	3	domestic	domestic	ADJ
cjal-9190	24	4	institutional	institutional	ADJ
cjal-9190	24	5	investors	investor	NOUN
cjal-9190	24	6	:	:	PUNCT
cjal-9190	24	7	the	the	DET
cjal-9190	24	8	core	core	NOUN
cjal-9190	24	9	of	of	ADP
cjal-9190	24	10	the	the	DET
cjal-9190	24	11	taxonomy	taxonomy	NOUN
cjal-9190	24	12	95	95	NUM
cjal-9190	24	13	iii	iii	NOUN
cjal-9190	24	14	.	.	PUNCT
cjal-9190	25	1	filling	fill	VERB
cjal-9190	25	2	the	the	DET
cjal-9190	25	3	gap	gap	NOUN
cjal-9190	25	4	in	in	ADP
cjal-9190	25	5	the	the	DET
cjal-9190	25	6	legal	legal	ADJ
cjal-9190	25	7	literature	literature	NOUN
cjal-9190	25	8	on	on	ADP
cjal-9190	25	9	institutional	institutional	ADJ
cjal-9190	25	10	investors	investor	NOUN
cjal-9190	25	11	in	in	ADP
cjal-9190	25	12	china	china	PROPN
cjal-9190	25	13	:	:	PUNCT
cjal-9190	25	14	empirical	empirical	ADJ
cjal-9190	25	15	research	research	NOUN
cjal-9190	25	16	and	and	CCONJ
cjal-9190	25	17	activist	activist	ADJ
cjal-9190	25	18	campaigns	campaign	NOUN
cjal-9190	25	19	......................................................................................	......................................................................................	PUNCT
cjal-9190	26	1	104	104	NUM
cjal-9190	26	2	a.	a.	NOUN
cjal-9190	26	3	illuminating	illuminate	VERB
cjal-9190	26	4	the	the	DET
cjal-9190	26	5	gap	gap	NOUN
cjal-9190	26	6	in	in	ADP
cjal-9190	26	7	the	the	DET
cjal-9190	26	8	legal	legal	ADJ
cjal-9190	26	9	literature	literature	NOUN
cjal-9190	26	10	........................	........................	PUNCT
cjal-9190	26	11	104	104	NUM
cjal-9190	26	12	b.	b.	PROPN
cjal-9190	26	13	an	an	DET
cjal-9190	26	14	analysis	analysis	NOUN
cjal-9190	26	15	of	of	ADP
cjal-9190	26	16	the	the	DET
cjal-9190	26	17	existing	exist	VERB
cjal-9190	26	18	empirical	empirical	ADJ
cjal-9190	26	19	research	research	NOUN
cjal-9190	26	20	..................	..................	PUNCT
cjal-9190	26	21	105	105	NUM
cjal-9190	26	22	c.	c.	PROPN
cjal-9190	26	23	activist	activist	NOUN
cjal-9190	26	24	campaigns	campaign	NOUN
cjal-9190	26	25	:	:	PUNCT
cjal-9190	26	26	how	how	SCONJ
cjal-9190	26	27	institutional	institutional	ADJ
cjal-9190	26	28	investors	investor	NOUN
cjal-9190	26	29	as	as	SCONJ
cjal-9190	26	30	minority	minority	NOUN
cjal-9190	26	31	shareholders	shareholder	NOUN
cjal-9190	26	32	impact	impact	VERB
cjal-9190	26	33	corporate	corporate	ADJ
cjal-9190	26	34	governance	governance	NOUN
cjal-9190	26	35	in	in	ADP
cjal-9190	26	36	china	china	PROPN
cjal-9190	26	37	..............	..............	PUNCT
cjal-9190	26	38	114	114	NUM
cjal-9190	26	39	iv	iv	NOUN
cjal-9190	26	40	.	.	PUNCT
cjal-9190	27	1	the	the	DET
cjal-9190	27	2	dual	dual	ADJ
cjal-9190	27	3	roles	role	NOUN
cjal-9190	27	4	of	of	ADP
cjal-9190	27	5	institutional	institutional	ADJ
cjal-9190	27	6	investors	investor	NOUN
cjal-9190	27	7	in	in	ADP
cjal-9190	27	8	china	china	PROPN
cjal-9190	27	9	:	:	PUNCT
cjal-9190	27	10	corporate	corporate	ADJ
cjal-9190	27	11	governance	governance	NOUN
cjal-9190	27	12	and	and	CCONJ
cjal-9190	27	13	policy	policy	NOUN
cjal-9190	27	14	channeling	channeling	NOUN
cjal-9190	27	15	....................	....................	PUNCT
cjal-9190	28	1	119	119	NUM
cjal-9190	28	2	a.	a.	NOUN
cjal-9190	28	3	illuminating	illuminate	VERB
cjal-9190	28	4	the	the	DET
cjal-9190	28	5	ccps	ccp	NOUN
cjal-9190	28	6	targeted	target	VERB
cjal-9190	28	7	use	use	NOUN
cjal-9190	28	8	of	of	ADP
cjal-9190	28	9	policy	policy	NOUN
cjal-9190	28	10	channeling	channel	VERB
cjal-9190	28	11	in	in	ADP
cjal-9190	28	12	an	an	DET
cjal-9190	28	13	otherwise	otherwise	ADV
cjal-9190	28	14	free	free	ADJ
cjal-9190	28	15	-	-	PUNCT
cjal-9190	28	16	market	market	NOUN
cjal-9190	28	17	..............................................................	..............................................................	PUNCT
cjal-9190	28	18	119	119	NUM
cjal-9190	28	19	b.	b.	PROPN
cjal-9190	28	20	illuminating	illuminating	NOUN
cjal-9190	28	21	,	,	PUNCT
cjal-9190	28	22	classifying	classify	VERB
cjal-9190	28	23	,	,	PUNCT
cjal-9190	28	24	and	and	CCONJ
cjal-9190	28	25	mapping	map	VERB
cjal-9190	28	26	the	the	DET
cjal-9190	28	27	ccp	ccp	PROPN
cjal-9190	28	28	’s	’s	PART
cjal-9190	28	29	mechanisms	mechanism	NOUN
cjal-9190	28	30	for	for	ADP
cjal-9190	28	31	policy	policy	NOUN
cjal-9190	28	32	channeling	channeling	NOUN
cjal-9190	28	33	................................................................	................................................................	PUNCT
cjal-9190	28	34	120	120	NUM
cjal-9190	28	35	c.	c.	PROPN
cjal-9190	28	36	day	day	PROPN
cjal-9190	28	37	-	-	PUNCT
cjal-9190	28	38	to	to	ADP
cjal-9190	28	39	-	-	PUNCT
cjal-9190	28	40	day	day	NOUN
cjal-9190	28	41	corporate	corporate	ADJ
cjal-9190	28	42	governance	governance	NOUN
cjal-9190	28	43	function	function	NOUN
cjal-9190	28	44	of	of	ADP
cjal-9190	28	45	institutional	institutional	ADJ
cjal-9190	28	46	investors	investor	NOUN
cjal-9190	28	47	in	in	ADP
cjal-9190	28	48	china	china	PROPN
cjal-9190	28	49	......................................................................	......................................................................	PUNCT
cjal-9190	29	1	129	129	NUM
cjal-9190	29	2	v.	v.	ADP
cjal-9190	29	3	institutional	institutional	ADJ
cjal-9190	29	4	investors	investor	NOUN
cjal-9190	29	5	in	in	ADP
cjal-9190	29	6	china	china	PROPN
cjal-9190	29	7	:	:	PUNCT
cjal-9190	29	8	the	the	DET
cjal-9190	29	9	market	market	NOUN
cjal-9190	29	10	within	within	ADP
cjal-9190	29	11	the	the	DET
cjal-9190	29	12	state	state	NOUN
cjal-9190	29	13	...............................................................................................	...............................................................................................	PUNCT
cjal-9190	29	14	134	134	NUM
cjal-9190	29	15	appendices	appendix	NOUN
cjal-9190	29	16	......................................................................................	......................................................................................	PUNCT
cjal-9190	29	17	136	136	NUM
cjal-9190	29	18	appendix	appendix	NOUN
cjal-9190	29	19	1	1	NUM
cjal-9190	29	20	:	:	PUNCT
cjal-9190	29	21	legal	legal	ADJ
cjal-9190	29	22	developments	development	NOUN
cjal-9190	29	23	and	and	CCONJ
cjal-9190	29	24	the	the	DET
cjal-9190	29	25	government	government	NOUN
cjal-9190	29	26	’s	’s	PART
cjal-9190	29	27	role	role	NOUN
cjal-9190	29	28	in	in	ADP
cjal-9190	29	29	developing	develop	VERB
cjal-9190	29	30	institutional	institutional	ADJ
cjal-9190	29	31	investors	investor	NOUN
cjal-9190	29	32	in	in	ADP
cjal-9190	29	33	china	china	PROPN
cjal-9190	29	34	1978	1978	NUM
cjal-9190	29	35	-	-	SYM
cjal-9190	29	36	2020	2020	NUM
cjal-9190	29	37	............	............	PUNCT
cjal-9190	29	38	136	136	NUM
cjal-9190	29	39	appendix	appendix	NOUN
cjal-9190	29	40	2	2	NUM
cjal-9190	29	41	:	:	PUNCT
cjal-9190	29	42	representative	representative	ADJ
cjal-9190	29	43	activism	activism	NOUN
cjal-9190	29	44	cases	case	NOUN
cjal-9190	29	45	by	by	ADP
cjal-9190	29	46	institutional	institutional	ADJ
cjal-9190	29	47	investors	investor	NOUN
cjal-9190	29	48	in	in	ADP
cjal-9190	29	49	china	china	PROPN
cjal-9190	29	50	(	(	PUNCT
cjal-9190	29	51	1994	1994	NUM
cjal-9190	29	52	-	-	PUNCT
cjal-9190	29	53	present	present	ADJ
cjal-9190	29	54	)	)	PUNCT
cjal-9190	29	55	.............................................	.............................................	PUNCT
cjal-9190	30	1	143	143	NUM
cjal-9190	30	2	2022	2022	NUM
cjal-9190	30	3	]	]	PUNCT
cjal-9190	30	4	columbia	columbia	PROPN
cjal-9190	30	5	journal	journal	PROPN
cjal-9190	30	6	of	of	ADP
cjal-9190	30	7	asian	asian	ADJ
cjal-9190	30	8	law	law	PROPN
cjal-9190	30	9	77	77	NUM
cjal-9190	30	10	i.	i.	NOUN
cjal-9190	30	11	introduction	introduction	NOUN
cjal-9190	30	12	two	two	NUM
cjal-9190	30	13	decades	decade	NOUN
cjal-9190	30	14	ago	ago	ADV
cjal-9190	30	15	,	,	PUNCT
cjal-9190	30	16	the	the	DET
cjal-9190	30	17	united	united	PROPN
cjal-9190	30	18	sates	sates	PROPN
cjal-9190	30	19	had	have	VERB
cjal-9190	30	20	almost	almost	ADV
cjal-9190	30	21	twenty	twenty	NUM
cjal-9190	30	22	times	time	NOUN
cjal-9190	30	23	as	as	ADV
cjal-9190	30	24	many	many	ADJ
cjal-9190	30	25	fortune	fortune	NOUN
cjal-9190	30	26	global	global	ADJ
cjal-9190	30	27	500	500	NUM
cjal-9190	30	28	companies	company	NOUN
cjal-9190	30	29	as	as	ADP
cjal-9190	30	30	china.1	china.1	PROPN
cjal-9190	30	31	today	today	NOUN
cjal-9190	30	32	,	,	PUNCT
cjal-9190	30	33	the	the	DET
cjal-9190	30	34	number	number	NOUN
cjal-9190	30	35	of	of	ADP
cjal-9190	30	36	fortune	fortune	NOUN
cjal-9190	30	37	global	global	ADJ
cjal-9190	30	38	500	500	NUM
cjal-9190	30	39	companies	company	NOUN
cjal-9190	30	40	in	in	ADP
cjal-9190	30	41	china	china	PROPN
cjal-9190	30	42	(	(	PUNCT
cjal-9190	30	43	124	124	NUM
cjal-9190	30	44	)	)	PUNCT
cjal-9190	30	45	has	have	AUX
cjal-9190	30	46	surpassed	surpass	VERB
cjal-9190	30	47	the	the	DET
cjal-9190	30	48	united	united	PROPN
cjal-9190	30	49	states	states	PROPN
cjal-9190	30	50	(	(	PUNCT
cjal-9190	30	51	121).2	121).2	PROPN
cjal-9190	30	52	china	china	PROPN
cjal-9190	30	53	’s	’s	PART
cjal-9190	30	54	listed	list	VERB
cjal-9190	30	55	companies	company	NOUN
cjal-9190	30	56	are	be	AUX
cjal-9190	30	57	leaders	leader	NOUN
cjal-9190	30	58	in	in	ADP
cjal-9190	30	59	many	many	ADJ
cjal-9190	30	60	of	of	ADP
cjal-9190	30	61	the	the	DET
cjal-9190	30	62	world	world	NOUN
cjal-9190	30	63	’s	’s	PART
cjal-9190	30	64	most	most	ADV
cjal-9190	30	65	important	important	ADJ
cjal-9190	30	66	industries	industry	NOUN
cjal-9190	30	67	,	,	PUNCT
cjal-9190	30	68	a	a	DET
cjal-9190	30	69	fact	fact	NOUN
cjal-9190	30	70	that	that	PRON
cjal-9190	30	71	was	be	AUX
cjal-9190	30	72	unthinkable	unthinkable	ADJ
cjal-9190	30	73	at	at	ADP
cjal-9190	30	74	the	the	DET
cjal-9190	30	75	dawn	dawn	NOUN
cjal-9190	30	76	of	of	ADP
cjal-9190	30	77	the	the	DET
cjal-9190	30	78	new	new	ADJ
cjal-9190	30	79	millennium.3	millennium.3	ADJ
cjal-9190	30	80	china	china	PROPN
cjal-9190	30	81	now	now	ADV
cjal-9190	30	82	has	have	VERB
cjal-9190	30	83	the	the	DET
cjal-9190	30	84	world	world	NOUN
cjal-9190	30	85	’s	’s	PART
cjal-9190	30	86	largest	large	ADJ
cjal-9190	30	87	market	market	NOUN
cjal-9190	30	88	for	for	ADP
cjal-9190	30	89	initial	initial	ADJ
cjal-9190	30	90	public	public	ADJ
cjal-9190	30	91	offerings4	offerings4	NOUN
cjal-9190	30	92	and	and	CCONJ
cjal-9190	30	93	the	the	DET
cjal-9190	30	94	world	world	NOUN
cjal-9190	30	95	’s	’s	PART
cjal-9190	30	96	second	second	ADV
cjal-9190	30	97	largest	large	ADJ
cjal-9190	30	98	stock	stock	NOUN
cjal-9190	30	99	market	market	NOUN
cjal-9190	30	100	,	,	PUNCT
cjal-9190	30	101	which	which	PRON
cjal-9190	30	102	has	have	AUX
cjal-9190	30	103	grown	grow	VERB
cjal-9190	30	104	five	five	NUM
cjal-9190	30	105	-	-	ADJ
cjal-9190	30	106	fold	fold	ADJ
cjal-9190	30	107	in	in	ADP
cjal-9190	30	108	the	the	DET
cjal-9190	30	109	past	past	NOUN
cjal-9190	30	110	decade.5	decade.5	ADJ
cjal-9190	30	111	for	for	ADP
cjal-9190	30	112	corporate	corporate	ADJ
cjal-9190	30	113	law	law	NOUN
cjal-9190	30	114	and	and	CCONJ
cjal-9190	30	115	governance	governance	NOUN
cjal-9190	30	116	scholars	scholar	NOUN
cjal-9190	30	117	,	,	PUNCT
cjal-9190	30	118	even	even	ADV
cjal-9190	30	119	more	more	ADV
cjal-9190	30	120	surprising	surprising	ADJ
cjal-9190	30	121	than	than	ADP
cjal-9190	30	122	china	china	PROPN
cjal-9190	30	123	’s	’s	PART
cjal-9190	30	124	economic	economic	ADJ
cjal-9190	30	125	miracle	miracle	NOUN
cjal-9190	30	126	,	,	PUNCT
cjal-9190	30	127	is	be	AUX
cjal-9190	30	128	the	the	DET
cjal-9190	30	129	central	central	ADJ
cjal-9190	30	130	role	role	NOUN
cjal-9190	30	131	the	the	DET
cjal-9190	30	132	1	1	NUM
cjal-9190	30	133	in	in	ADP
cjal-9190	30	134	2000	2000	NUM
cjal-9190	30	135	,	,	PUNCT
cjal-9190	30	136	china	china	PROPN
cjal-9190	30	137	had	have	VERB
cjal-9190	30	138	10	10	NUM
cjal-9190	30	139	fortune	fortune	NOUN
cjal-9190	30	140	500	500	NUM
cjal-9190	30	141	companies	company	NOUN
cjal-9190	30	142	as	as	ADP
cjal-9190	30	143	compared	compare	VERB
cjal-9190	30	144	to	to	ADP
cjal-9190	30	145	the	the	DET
cjal-9190	30	146	usa	usa	PROPN
cjal-9190	30	147	’s	’s	PART
cjal-9190	30	148	179	179	NUM
cjal-9190	30	149	,	,	PUNCT
cjal-9190	30	150	see	see	VERB
cjal-9190	30	151	scott	scott	PROPN
cjal-9190	30	152	kennedy	kennedy	PROPN
cjal-9190	30	153	,	,	PUNCT
cjal-9190	30	154	the	the	DET
cjal-9190	30	155	biggest	big	ADJ
cjal-9190	30	156	but	but	CCONJ
cjal-9190	30	157	not	not	PART
cjal-9190	30	158	the	the	DET
cjal-9190	30	159	strongest	strong	ADJ
cjal-9190	30	160	:	:	PUNCT
cjal-9190	30	161	china	china	PROPN
cjal-9190	30	162	’s	’s	PART
cjal-9190	30	163	place	place	NOUN
cjal-9190	30	164	in	in	ADP
cjal-9190	30	165	the	the	DET
cjal-9190	30	166	fortune	fortune	NOUN
cjal-9190	30	167	global	global	ADJ
cjal-9190	30	168	500	500	NUM
cjal-9190	30	169	,	,	PUNCT
cjal-9190	30	170	ctr	ctr	PROPN
cjal-9190	30	171	.	.	PROPN
cjal-9190	31	1	for	for	ADP
cjal-9190	31	2	strategic	strategic	ADJ
cjal-9190	31	3	&	&	CCONJ
cjal-9190	31	4	int’l	int’l	NUM
cjal-9190	31	5	stud	stud	NOUN
cjal-9190	31	6	.	.	PUNCT
cjal-9190	32	1	(	(	PUNCT
cjal-9190	32	2	aug	aug	PROPN
cjal-9190	32	3	.	.	PROPN
cjal-9190	32	4	18	18	NUM
cjal-9190	32	5	,	,	PUNCT
cjal-9190	32	6	2020	2020	NUM
cjal-9190	32	7	)	)	PUNCT
cjal-9190	32	8	,	,	PUNCT
cjal-9190	32	9	https://www.csis.org/blogs/trustee-china-hand/biggest-not-strongest-chinas-placefortune-global-500	https://www.csis.org/blogs/trustee-china-hand/biggest-not-strongest-chinas-placefortune-global-500	NOUN
cjal-9190	32	10	.	.	PUNCT
cjal-9190	32	11	2	2	NUM
cjal-9190	32	12	alan	alan	PROPN
cjal-9190	32	13	murray	murray	PROPN
cjal-9190	32	14	&	&	CCONJ
cjal-9190	32	15	david	david	PROPN
cjal-9190	32	16	meyer	meyer	PROPN
cjal-9190	32	17	,	,	PUNCT
cjal-9190	32	18	the	the	DET
cjal-9190	32	19	fortune	fortune	NOUN
cjal-9190	32	20	global	global	ADJ
cjal-9190	32	21	500	500	NUM
cjal-9190	32	22	is	be	AUX
cjal-9190	32	23	now	now	ADV
cjal-9190	32	24	more	more	ADV
cjal-9190	32	25	chinese	chinese	ADJ
cjal-9190	32	26	than	than	ADP
cjal-9190	32	27	american	american	ADJ
cjal-9190	32	28	,	,	PUNCT
cjal-9190	32	29	fortune	fortune	NOUN
cjal-9190	32	30	(	(	PUNCT
cjal-9190	32	31	aug	aug	PROPN
cjal-9190	32	32	.	.	PROPN
cjal-9190	32	33	10	10	NUM
cjal-9190	32	34	,	,	PUNCT
cjal-9190	32	35	2020	2020	NUM
cjal-9190	32	36	)	)	PUNCT
cjal-9190	32	37	,	,	PUNCT
cjal-9190	32	38	https://fortune.com/2020/08/10/fortuneglobal-500-china-rise-ceo-daily/.	https://fortune.com/2020/08/10/fortuneglobal-500-china-rise-ceo-daily/.	NOUN
cjal-9190	32	39	3	3	NUM
cjal-9190	32	40	chinese	chinese	ADJ
cjal-9190	32	41	listed	list	VERB
cjal-9190	32	42	companies	company	NOUN
cjal-9190	32	43	lead	lead	VERB
cjal-9190	32	44	the	the	DET
cjal-9190	32	45	world	world	NOUN
cjal-9190	32	46	in	in	ADP
cjal-9190	32	47	industries	industry	NOUN
cjal-9190	32	48	such	such	ADJ
cjal-9190	32	49	as	as	ADP
cjal-9190	32	50	pharmaceuticals	pharmaceutical	NOUN
cjal-9190	32	51	,	,	PUNCT
cjal-9190	32	52	solar	solar	ADJ
cjal-9190	32	53	panels	panel	NOUN
cjal-9190	32	54	and	and	CCONJ
cjal-9190	32	55	online	online	ADJ
cjal-9190	32	56	payment	payment	NOUN
cjal-9190	32	57	systems	system	NOUN
cjal-9190	32	58	,	,	PUNCT
cjal-9190	32	59	see	see	VERB
cjal-9190	32	60	a	a	DET
cjal-9190	32	61	rising	rise	VERB
cjal-9190	32	62	star	star	NOUN
cjal-9190	32	63	:	:	PUNCT
cjal-9190	32	64	china	china	PROPN
cjal-9190	32	65	’s	’s	PART
cjal-9190	32	66	pharmaceuticals	pharmaceutical	NOUN
cjal-9190	32	67	industry	industry	NOUN
cjal-9190	32	68	is	be	AUX
cjal-9190	32	69	growing	grow	VERB
cjal-9190	32	70	up	up	ADP
cjal-9190	32	71	,	,	PUNCT
cjal-9190	32	72	the	the	DET
cjal-9190	32	73	economist	economist	NOUN
cjal-9190	32	74	(	(	PUNCT
cjal-9190	32	75	sept	sept	PROPN
cjal-9190	32	76	.	.	PROPN
cjal-9190	32	77	28	28	NUM
cjal-9190	32	78	,	,	PUNCT
cjal-9190	32	79	2019	2019	NUM
cjal-9190	32	80	)	)	PUNCT
cjal-9190	32	81	,	,	PUNCT
cjal-9190	32	82	https://www.economist.com/business/2019/09/28/chinas-pharmaceuticals-industryis-growing-up	https://www.economist.com/business/2019/09/28/chinas-pharmaceuticals-industryis-growing-up	PROPN
cjal-9190	32	83	(	(	PUNCT
cjal-9190	32	84	pharmaceuticals	pharmaceutical	NOUN
cjal-9190	32	85	)	)	PUNCT
cjal-9190	32	86	;	;	PUNCT
cjal-9190	32	87	yukinori	yukinori	PROPN
cjal-9190	32	88	hanada	hanada	PROPN
cjal-9190	32	89	,	,	PUNCT
cjal-9190	32	90	china	china	PROPN
cjal-9190	32	91	’s	’s	PART
cjal-9190	32	92	solar	solar	PROPN
cjal-9190	32	93	panel	panel	NOUN
cjal-9190	32	94	markers	marker	VERB
cjal-9190	32	95	top	top	ADJ
cjal-9190	32	96	global	global	ADJ
cjal-9190	32	97	field	field	NOUN
cjal-9190	32	98	but	but	CCONJ
cjal-9190	32	99	challenges	challenge	VERB
cjal-9190	32	100	loom	loom	NOUN
cjal-9190	32	101	,	,	PUNCT
cjal-9190	32	102	nikkei	nikkei	PROPN
cjal-9190	32	103	asian	asian	PROPN
cjal-9190	32	104	review	review	PROPN
cjal-9190	32	105	(	(	PUNCT
cjal-9190	32	106	july	july	PROPN
cjal-9190	32	107	31	31	NUM
cjal-9190	32	108	,	,	PUNCT
cjal-9190	32	109	2019	2019	NUM
cjal-9190	32	110	)	)	PUNCT
cjal-9190	32	111	,	,	PUNCT
cjal-9190	32	112	https://asia.nikkei.com/business/business-trends/china-s-solar-panel-makers-topglobal-field-but-challenges-loom	https://asia.nikkei.com/business/business-trends/china-s-solar-panel-makers-topglobal-field-but-challenges-loom	NOUN
cjal-9190	32	113	(	(	PUNCT
cjal-9190	32	114	solar	solar	ADJ
cjal-9190	32	115	panels	panel	NOUN
cjal-9190	32	116	)	)	PUNCT
cjal-9190	32	117	;	;	PUNCT
cjal-9190	32	118	wang	wang	PROPN
cjal-9190	32	119	yue	yue	PROPN
cjal-9190	32	120	,	,	PUNCT
cjal-9190	32	121	$	$	SYM
cjal-9190	32	122	7.6	7.6	NUM
cjal-9190	32	123	trillion	trillion	NUM
cjal-9190	32	124	online	online	ADJ
cjal-9190	32	125	payments	payment	NOUN
cjal-9190	32	126	market	market	NOUN
cjal-9190	32	127	is	be	AUX
cjal-9190	32	128	no	no	ADV
cjal-9190	32	129	longer	long	ADV
cjal-9190	32	130	enough	enough	ADJ
cjal-9190	32	131	for	for	ADP
cjal-9190	32	132	jack	jack	PROPN
cjal-9190	32	133	ma	ma	PROPN
cjal-9190	32	134	’s	’s	PART
cjal-9190	32	135	ant	ant	ADJ
cjal-9190	32	136	financial	financial	NOUN
cjal-9190	32	137	,	,	PUNCT
cjal-9190	32	138	forbes	forbes	PROPN
cjal-9190	32	139	(	(	PUNCT
cjal-9190	32	140	jan	jan	PROPN
cjal-9190	32	141	.	.	PROPN
cjal-9190	32	142	17	17	NUM
cjal-9190	32	143	,	,	PUNCT
cjal-9190	32	144	2020	2020	NUM
cjal-9190	32	145	)	)	PUNCT
cjal-9190	32	146	,	,	PUNCT
cjal-9190	32	147	https://www.forbes.com/sites/ywang/2020/01/17/ant-financial-isshifting-away-from-chinas-76-trillion-online-payments-market/?sh=37563bda45b5	https://www.forbes.com/sites/ywang/2020/01/17/ant-financial-isshifting-away-from-chinas-76-trillion-online-payments-market/?sh=37563bda45b5	PROPN
cjal-9190	32	148	(	(	PUNCT
cjal-9190	32	149	online	online	ADJ
cjal-9190	32	150	payment	payment	NOUN
cjal-9190	32	151	systems	system	NOUN
cjal-9190	32	152	)	)	PUNCT
cjal-9190	32	153	.	.	PUNCT
cjal-9190	33	1	4	4	NUM
cjal-9190	33	2	laure	laure	PROPN
cjal-9190	33	3	he	he	PRON
cjal-9190	33	4	,	,	PUNCT
cjal-9190	33	5	shanghai	shanghai	PROPN
cjal-9190	33	6	could	could	AUX
cjal-9190	33	7	be	be	AUX
cjal-9190	33	8	the	the	DET
cjal-9190	33	9	world	world	NOUN
cjal-9190	33	10	’s	’s	PART
cjal-9190	33	11	biggest	big	ADJ
cjal-9190	33	12	ipo	ipo	NOUN
cjal-9190	33	13	market	market	NOUN
cjal-9190	33	14	this	this	DET
cjal-9190	33	15	year	year	NOUN
cjal-9190	33	16	.	.	PUNCT
cjal-9190	34	1	holding	hold	VERB
cjal-9190	34	2	the	the	DET
cjal-9190	34	3	title	title	NOUN
cjal-9190	34	4	will	will	AUX
cjal-9190	34	5	be	be	AUX
cjal-9190	34	6	tough	tough	ADJ
cjal-9190	34	7	,	,	PUNCT
cjal-9190	34	8	cnn	cnn	PROPN
cjal-9190	34	9	business	business	NOUN
cjal-9190	34	10	(	(	PUNCT
cjal-9190	34	11	nov	nov	PROPN
cjal-9190	34	12	.	.	PROPN
cjal-9190	34	13	1	1	NUM
cjal-9190	34	14	,	,	PUNCT
cjal-9190	34	15	2020	2020	NUM
cjal-9190	34	16	)	)	PUNCT
cjal-9190	34	17	,	,	PUNCT
cjal-9190	34	18	https://edition.cnn.com/2020/10/31/investing/china-markets-ipo-intlhnk/index.html	https://edition.cnn.com/2020/10/31/investing/china-markets-ipo-intlhnk/index.html	PROPN
cjal-9190	34	19	;	;	PUNCT
cjal-9190	34	20	evelyn	evelyn	PROPN
cjal-9190	34	21	cheng	cheng	PROPN
cjal-9190	34	22	,	,	PUNCT
cjal-9190	34	23	chinese	chinese	ADJ
cjal-9190	34	24	companies	company	NOUN
cjal-9190	34	25	are	be	AUX
cjal-9190	34	26	leading	lead	VERB
cjal-9190	34	27	the	the	DET
cjal-9190	34	28	global	global	ADJ
cjal-9190	34	29	ipo	ipo	PROPN
cjal-9190	34	30	rush	rush	NOUN
cjal-9190	34	31	amid	amid	ADP
cjal-9190	34	32	a	a	DET
cjal-9190	34	33	‘	'	PUNCT
cjal-9190	34	34	flight	flight	NOUN
cjal-9190	34	35	from	from	ADP
cjal-9190	34	36	uncertainty	uncertainty	NOUN
cjal-9190	34	37	’	'	PUNCT
cjal-9190	34	38	,	,	PUNCT
cjal-9190	34	39	cnbc	cnbc	PROPN
cjal-9190	34	40	(	(	PUNCT
cjal-9190	34	41	oct	oct	PROPN
cjal-9190	34	42	.	.	PROPN
cjal-9190	34	43	27	27	NUM
cjal-9190	34	44	,	,	PUNCT
cjal-9190	34	45	2020	2020	NUM
cjal-9190	34	46	)	)	PUNCT
cjal-9190	34	47	,	,	PUNCT
cjal-9190	34	48	https://www.cnbc.com/2020/10/27/chinese-companies-are-leading-the-global-iporush-amid-a-flight-from-uncertainty.html	https://www.cnbc.com/2020/10/27/chinese-companies-are-leading-the-global-iporush-amid-a-flight-from-uncertainty.html	PROPN
cjal-9190	34	49	;	;	PUNCT
cjal-9190	34	50	georgina	georgina	PROPN
cjal-9190	34	51	lee	lee	PROPN
cjal-9190	34	52	,	,	PUNCT
cjal-9190	34	53	shanghai	shanghai	PROPN
cjal-9190	34	54	overtakes	overtake	VERB
cjal-9190	34	55	hong	hong	PROPN
cjal-9190	34	56	kong	kong	PROPN
cjal-9190	34	57	as	as	ADP
cjal-9190	34	58	world	world	NOUN
cjal-9190	34	59	’s	’s	PART
cjal-9190	34	60	top	top	ADJ
cjal-9190	34	61	ipo	ipo	NOUN
cjal-9190	34	62	destination	destination	NOUN
cjal-9190	34	63	but	but	CCONJ
cjal-9190	34	64	mega	mega	ADJ
cjal-9190	34	65	deals	deal	NOUN
cjal-9190	34	66	waiting	wait	VERB
cjal-9190	34	67	in	in	ADP
cjal-9190	34	68	wings	wing	NOUN
cjal-9190	34	69	will	will	AUX
cjal-9190	34	70	shake	shake	VERB
cjal-9190	34	71	up	up	ADP
cjal-9190	34	72	full	full	ADJ
cjal-9190	34	73	-	-	PUNCT
cjal-9190	34	74	year	year	NOUN
cjal-9190	34	75	rankings	ranking	NOUN
cjal-9190	34	76	,	,	PUNCT
cjal-9190	34	77	south	south	PROPN
cjal-9190	34	78	china	china	PROPN
cjal-9190	34	79	morning	morning	PROPN
cjal-9190	34	80	post	post	NOUN
cjal-9190	34	81	(	(	PUNCT
cjal-9190	34	82	mar	mar	PROPN
cjal-9190	34	83	.	.	PROPN
cjal-9190	34	84	31	31	NUM
cjal-9190	34	85	,	,	PUNCT
cjal-9190	34	86	2020	2020	NUM
cjal-9190	34	87	)	)	PUNCT
cjal-9190	34	88	,	,	PUNCT
cjal-9190	34	89	https://www.scmp.com/business/banking-finance/article/3077611/shanghaiovertakes-hong-kong-worlds-top-ipo-destination	https://www.scmp.com/business/banking-finance/article/3077611/shanghaiovertakes-hong-kong-worlds-top-ipo-destination	NOUN
cjal-9190	34	90	.	.	PUNCT
cjal-9190	35	1	5	5	NUM
cjal-9190	35	2	the	the	DET
cjal-9190	35	3	rise	rise	NOUN
cjal-9190	35	4	of	of	ADP
cjal-9190	35	5	china	china	PROPN
cjal-9190	35	6	and	and	CCONJ
cjal-9190	35	7	fivefold	fivefold	ADJ
cjal-9190	35	8	growth	growth	NOUN
cjal-9190	35	9	of	of	ADP
cjal-9190	35	10	its	its	PRON
cjal-9190	35	11	stock	stock	NOUN
cjal-9190	35	12	market	market	NOUN
cjal-9190	35	13	over	over	ADP
cjal-9190	35	14	the	the	DET
cjal-9190	35	15	past	past	ADJ
cjal-9190	35	16	decade	decade	NOUN
cjal-9190	35	17	have	have	AUX
cjal-9190	35	18	fueled	fuel	VERB
cjal-9190	35	19	a	a	DET
cjal-9190	35	20	growing	grow	VERB
cjal-9190	35	21	literature	literature	NOUN
cjal-9190	35	22	on	on	ADP
cjal-9190	35	23	this	this	DET
cjal-9190	35	24	market	market	NOUN
cjal-9190	35	25	in	in	ADP
cjal-9190	35	26	financial	financial	ADJ
cjal-9190	35	27	economics	economic	NOUN
cjal-9190	35	28	.	.	PUNCT
cjal-9190	36	1	see	see	VERB
cjal-9190	36	2	jennifer	jennifer	PROPN
cjal-9190	36	3	n.	n.	PROPN
cjal-9190	36	4	carpenter	carpenter	PROPN
cjal-9190	36	5	&	&	CCONJ
cjal-9190	36	6	robert	robert	PROPN
cjal-9190	36	7	f.	f.	PROPN
cjal-9190	36	8	whitelaw	whitelaw	PROPN
cjal-9190	36	9	,	,	PUNCT
cjal-9190	36	10	the	the	DET
cjal-9190	36	11	development	development	NOUN
cjal-9190	36	12	of	of	ADP
cjal-9190	36	13	china	china	PROPN
cjal-9190	36	14	’s	’s	PART
cjal-9190	36	15	stock	stock	NOUN
cjal-9190	36	16	market	market	NOUN
cjal-9190	36	17	and	and	CCONJ
cjal-9190	36	18	stakes	stake	NOUN
cjal-9190	36	19	for	for	ADP
cjal-9190	36	20	the	the	DET
cjal-9190	36	21	global	global	ADJ
cjal-9190	36	22	economy	economy	NOUN
cjal-9190	36	23	,	,	PUNCT
cjal-9190	36	24	9	9	NUM
cjal-9190	36	25	ann	ann	PROPN
cjal-9190	36	26	.	.	PUNCT
cjal-9190	37	1	rev	rev	PROPN
cjal-9190	37	2	.	.	PROPN
cjal-9190	38	1	fin	fin	PROPN
cjal-9190	38	2	.	.	PUNCT
cjal-9190	39	1	econ	econ	PROPN
cjal-9190	39	2	.	.	PUNCT
cjal-9190	40	1	233	233	NUM
cjal-9190	40	2	(	(	PUNCT
cjal-9190	40	3	2017	2017	NUM
cjal-9190	40	4	)	)	PUNCT
cjal-9190	41	1	;	;	PUNCT
cjal-9190	41	2	see	see	VERB
cjal-9190	41	3	more	more	ADV
cjal-9190	41	4	recently	recently	ADV
cjal-9190	41	5	hudson	hudson	PROPN
cjal-9190	41	6	lockett	lockett	PROPN
cjal-9190	41	7	,	,	PUNCT
cjal-9190	41	8	china	china	PROPN
cjal-9190	41	9	’s	’s	PART
cjal-9190	41	10	stock	stock	NOUN
cjal-9190	41	11	market	market	NOUN
cjal-9190	41	12	value	value	NOUN
cjal-9190	41	13	hits	hit	VERB
cjal-9190	41	14	record	record	NOUN
cjal-9190	41	15	high	high	ADV
cjal-9190	41	16	of	of	ADP
cjal-9190	41	17	more	more	ADJ
cjal-9190	41	18	than	than	ADP
cjal-9190	41	19	$	$	SYM
cjal-9190	41	20	10tn	10tn	NOUN
cjal-9190	41	21	,	,	PUNCT
cjal-9190	41	22	financial	financial	ADJ
cjal-9190	41	23	times	time	NOUN
cjal-9190	41	24	(	(	PUNCT
cjal-9190	41	25	oct	oct	PROPN
cjal-9190	41	26	.	.	PROPN
cjal-9190	41	27	14	14	NUM
cjal-9190	41	28	,	,	PUNCT
cjal-9190	41	29	2020	2020	NUM
cjal-9190	41	30	)	)	PUNCT
cjal-9190	41	31	,	,	PUNCT
cjal-9190	41	32	https://www.ft.com/content/7e2d1cae8033-45b1-811c-bc7d4a413e33	https://www.ft.com/content/7e2d1cae8033-45b1-811c-bc7d4a413e33	PROPN
cjal-9190	41	33	(	(	PUNCT
cjal-9190	41	34	confirming	confirm	VERB
cjal-9190	41	35	second	second	ADV
cjal-9190	41	36	largest	large	ADJ
cjal-9190	41	37	stock	stock	NOUN
cjal-9190	41	38	market	market	NOUN
cjal-9190	41	39	)	)	PUNCT
cjal-9190	41	40	.	.	PUNCT
cjal-9190	42	1	78	78	NUM
cjal-9190	42	2	institutional	institutional	ADJ
cjal-9190	42	3	investors	investor	NOUN
cjal-9190	42	4	in	in	ADP
cjal-9190	42	5	china	china	PROPN
cjal-9190	42	6	[	[	X
cjal-9190	42	7	vol	vol	NOUN
cjal-9190	42	8	.	.	PUNCT
cjal-9190	42	9	35	35	NUM
cjal-9190	42	10	:	:	SYM
cjal-9190	42	11	74	74	NUM
cjal-9190	42	12	chinese	chinese	ADJ
cjal-9190	42	13	government	government	NOUN
cjal-9190	42	14	has	have	AUX
cjal-9190	42	15	played	play	VERB
cjal-9190	42	16	in	in	ADP
cjal-9190	42	17	achieving	achieve	VERB
cjal-9190	42	18	it	it	PRON
cjal-9190	42	19	.	.	PUNCT
cjal-9190	43	1	before	before	ADP
cjal-9190	43	2	china	china	PROPN
cjal-9190	43	3	’s	’s	PART
cjal-9190	43	4	rise	rise	NOUN
cjal-9190	43	5	,	,	PUNCT
cjal-9190	43	6	the	the	DET
cjal-9190	43	7	idea	idea	NOUN
cjal-9190	43	8	that	that	SCONJ
cjal-9190	43	9	a	a	DET
cjal-9190	43	10	government	government	NOUN
cjal-9190	43	11	could	could	AUX
cjal-9190	43	12	play	play	VERB
cjal-9190	43	13	the	the	DET
cjal-9190	43	14	role	role	NOUN
cjal-9190	43	15	of	of	ADP
cjal-9190	43	16	the	the	DET
cjal-9190	43	17	most	most	ADV
cjal-9190	43	18	important	important	ADJ
cjal-9190	43	19	shareholder	shareholder	NOUN
cjal-9190	43	20	in	in	ADP
cjal-9190	43	21	a	a	DET
cjal-9190	43	22	21st	21st	ADJ
cjal-9190	43	23	century	century	NOUN
cjal-9190	43	24	world	world	NOUN
cjal-9190	43	25	-	-	PUNCT
cjal-9190	43	26	class	class	NOUN
cjal-9190	43	27	corporation	corporation	NOUN
cjal-9190	43	28	—	—	PUNCT
cjal-9190	43	29	let	let	VERB
cjal-9190	43	30	alone	alone	ADV
cjal-9190	43	31	in	in	ADP
cjal-9190	43	32	a	a	DET
cjal-9190	43	33	multitude	multitude	NOUN
cjal-9190	43	34	of	of	ADP
cjal-9190	43	35	listed	list	VERB
cjal-9190	43	36	corporations	corporation	NOUN
cjal-9190	43	37	at	at	ADP
cjal-9190	43	38	the	the	DET
cjal-9190	43	39	core	core	NOUN
cjal-9190	43	40	of	of	ADP
cjal-9190	43	41	the	the	DET
cjal-9190	43	42	greatest	great	ADJ
cjal-9190	43	43	economic	economic	ADJ
cjal-9190	43	44	miracle	miracle	NOUN
cjal-9190	43	45	of	of	ADP
cjal-9190	43	46	our	our	PRON
cjal-9190	43	47	time	time	NOUN
cjal-9190	43	48	—	—	PUNCT
cjal-9190	43	49	was	be	AUX
cjal-9190	43	50	an	an	DET
cjal-9190	43	51	anathema	anathema	NOUN
cjal-9190	43	52	.	.	PUNCT
cjal-9190	44	1	6	6	NUM
cjal-9190	44	2	yet	yet	ADV
cjal-9190	44	3	,	,	PUNCT
cjal-9190	44	4	today	today	NOUN
cjal-9190	44	5	,	,	PUNCT
cjal-9190	44	6	the	the	DET
cjal-9190	44	7	chinese	chinese	ADJ
cjal-9190	44	8	government	government	NOUN
cjal-9190	44	9	is	be	AUX
cjal-9190	44	10	by	by	ADP
cjal-9190	44	11	far	far	ADV
cjal-9190	44	12	the	the	DET
cjal-9190	44	13	largest	large	ADJ
cjal-9190	44	14	controlling	control	VERB
cjal-9190	44	15	shareholder	shareholder	NOUN
cjal-9190	44	16	in	in	ADP
cjal-9190	44	17	the	the	DET
cjal-9190	44	18	chinese	chinese	ADJ
cjal-9190	44	19	stock	stock	NOUN
cjal-9190	44	20	market.7	market.7	PROPN
cjal-9190	44	21	indeed	indeed	ADV
cjal-9190	44	22	,	,	PUNCT
cjal-9190	44	23	it	it	PRON
cjal-9190	44	24	is	be	AUX
cjal-9190	44	25	the	the	DET
cjal-9190	44	26	largest	large	ADJ
cjal-9190	44	27	controlling	control	VERB
cjal-9190	44	28	shareholder	shareholder	NOUN
cjal-9190	44	29	in	in	ADP
cjal-9190	44	30	the	the	DET
cjal-9190	44	31	world.8	world.8	PROPN
cjal-9190	44	32	the	the	DET
cjal-9190	44	33	foundation	foundation	NOUN
cjal-9190	44	34	of	of	ADP
cjal-9190	44	35	the	the	DET
cjal-9190	44	36	corporate	corporate	ADJ
cjal-9190	44	37	governance	governance	NOUN
cjal-9190	44	38	system	system	NOUN
cjal-9190	44	39	that	that	PRON
cjal-9190	44	40	led	lead	VERB
cjal-9190	44	41	to	to	ADP
cjal-9190	44	42	the	the	DET
cjal-9190	44	43	chinese	chinese	ADJ
cjal-9190	44	44	government	government	NOUN
cjal-9190	44	45	’s	’s	PART
cjal-9190	44	46	rise	rise	NOUN
cjal-9190	44	47	as	as	SCONJ
cjal-9190	44	48	the	the	DET
cjal-9190	44	49	world	world	NOUN
cjal-9190	44	50	’s	’s	PART
cjal-9190	44	51	most	most	ADV
cjal-9190	44	52	powerful	powerful	ADJ
cjal-9190	44	53	shareholder	shareholder	NOUN
cjal-9190	44	54	is	be	AUX
cjal-9190	44	55	now	now	ADV
cjal-9190	44	56	aptly	aptly	ADV
cjal-9190	44	57	described	describe	VERB
cjal-9190	44	58	as	as	ADP
cjal-9190	44	59	“	"	PUNCT
cjal-9190	44	60	corporatization	corporatization	NOUN
cjal-9190	44	61	without	without	ADP
cjal-9190	44	62	privatization	privatization	NOUN
cjal-9190	44	63	.	.	PUNCT
cjal-9190	44	64	”9	”9	PUNCT
cjal-9190	45	1	starting	start	VERB
cjal-9190	45	2	in	in	ADP
cjal-9190	45	3	the	the	DET
cjal-9190	45	4	1990s	1990	NOUN
cjal-9190	45	5	,	,	PUNCT
cjal-9190	45	6	a	a	DET
cjal-9190	45	7	vast	vast	ADJ
cjal-9190	45	8	array	array	NOUN
cjal-9190	45	9	of	of	ADP
cjal-9190	45	10	businesses	business	NOUN
cjal-9190	45	11	that	that	PRON
cjal-9190	45	12	were	be	AUX
cjal-9190	45	13	run	run	VERB
cjal-9190	45	14	as	as	SCONJ
cjal-9190	45	15	units	unit	NOUN
cjal-9190	45	16	of	of	ADP
cjal-9190	45	17	the	the	DET
cjal-9190	45	18	government	government	NOUN
cjal-9190	45	19	were	be	AUX
cjal-9190	45	20	transformed	transform	VERB
cjal-9190	45	21	into	into	ADP
cjal-9190	45	22	companies	company	NOUN
cjal-9190	45	23	under	under	ADP
cjal-9190	45	24	the	the	DET
cjal-9190	45	25	new	new	ADJ
cjal-9190	45	26	prc	prc	PROPN
cjal-9190	45	27	company	company	NOUN
cjal-9190	45	28	law.10	law.10	VERB
cjal-9190	45	29	these	these	DET
cjal-9190	45	30	companies	company	NOUN
cjal-9190	45	31	,	,	PUNCT
cjal-9190	45	32	with	with	ADP
cjal-9190	45	33	boards	board	NOUN
cjal-9190	45	34	of	of	ADP
cjal-9190	45	35	directors	director	NOUN
cjal-9190	45	36	and	and	CCONJ
cjal-9190	45	37	shareholders	shareholder	NOUN
cjal-9190	45	38	,	,	PUNCT
cjal-9190	45	39	were	be	AUX
cjal-9190	45	40	then	then	ADV
cjal-9190	45	41	listed	list	VERB
cjal-9190	45	42	on	on	ADP
cjal-9190	45	43	the	the	DET
cjal-9190	45	44	chinese	chinese	ADJ
cjal-9190	45	45	stock	stock	NOUN
cjal-9190	45	46	market	market	NOUN
cjal-9190	45	47	.	.	PUNCT
cjal-9190	46	1	importantly	importantly	ADV
cjal-9190	46	2	,	,	PUNCT
cjal-9190	46	3	however	however	ADV
cjal-9190	46	4	,	,	PUNCT
cjal-9190	46	5	the	the	DET
cjal-9190	46	6	government	government	NOUN
cjal-9190	46	7	maintained	maintain	VERB
cjal-9190	46	8	—	—	PUNCT
cjal-9190	46	9	and	and	CCONJ
cjal-9190	46	10	still	still	ADV
cjal-9190	46	11	maintains	maintain	VERB
cjal-9190	46	12	—	—	PUNCT
cjal-9190	46	13	a	a	DET
cjal-9190	46	14	controlling	control	VERB
cjal-9190	46	15	equity	equity	NOUN
cjal-9190	46	16	interest	interest	NOUN
cjal-9190	46	17	in	in	ADP
cjal-9190	46	18	its	its	PRON
cjal-9190	46	19	listed	list	VERB
cjal-9190	46	20	state	state	NOUN
cjal-9190	46	21	-	-	PUNCT
cjal-9190	46	22	owned	own	VERB
cjal-9190	46	23	enterprises	enterprise	NOUN
cjal-9190	46	24	(	(	PUNCT
cjal-9190	46	25	soes	soe	NOUN
cjal-9190	46	26	)	)	PUNCT
cjal-9190	46	27	.	.	PUNCT
cjal-9190	47	1	11	11	NUM
cjal-9190	47	2	this	this	DET
cjal-9190	47	3	system	system	NOUN
cjal-9190	47	4	of	of	ADP
cjal-9190	47	5	equity	equity	NOUN
cjal-9190	47	6	finance	finance	NOUN
cjal-9190	47	7	has	have	AUX
cjal-9190	47	8	become	become	VERB
cjal-9190	47	9	6	6	NUM
cjal-9190	47	10	henry	henry	PROPN
cjal-9190	47	11	hansmann	hansmann	PROPN
cjal-9190	47	12	&	&	CCONJ
cjal-9190	47	13	reinier	reinier	PROPN
cjal-9190	47	14	kraakman	kraakman	PROPN
cjal-9190	47	15	,	,	PUNCT
cjal-9190	47	16	the	the	DET
cjal-9190	47	17	end	end	NOUN
cjal-9190	47	18	of	of	ADP
cjal-9190	47	19	history	history	NOUN
cjal-9190	47	20	for	for	ADP
cjal-9190	47	21	corporate	corporate	ADJ
cjal-9190	47	22	law	law	NOUN
cjal-9190	47	23	,	,	PUNCT
cjal-9190	47	24	89	89	NUM
cjal-9190	47	25	geo	geo	PROPN
cjal-9190	47	26	.	.	PROPN
cjal-9190	47	27	l.	l.	PROPN
cjal-9190	47	28	j.	j.	PROPN
cjal-9190	47	29	439	439	PROPN
cjal-9190	47	30	,	,	PUNCT
cjal-9190	47	31	446	446	NUM
cjal-9190	47	32	(	(	PUNCT
cjal-9190	47	33	2001	2001	NUM
cjal-9190	47	34	)	)	PUNCT
cjal-9190	47	35	;	;	PUNCT
cjal-9190	47	36	tan	tan	PROPN
cjal-9190	47	37	cheng	cheng	PROPN
cjal-9190	47	38	han	han	PROPN
cjal-9190	47	39	et	et	PROPN
cjal-9190	47	40	al	al	PROPN
cjal-9190	47	41	.	.	PROPN
cjal-9190	47	42	,	,	PUNCT
cjal-9190	47	43	state	state	NOUN
cjal-9190	47	44	-	-	PUNCT
cjal-9190	47	45	owned	own	VERB
cjal-9190	47	46	enterprises	enterprise	NOUN
cjal-9190	47	47	in	in	ADP
cjal-9190	47	48	singapore	singapore	PROPN
cjal-9190	47	49	:	:	PUNCT
cjal-9190	47	50	historical	historical	ADJ
cjal-9190	47	51	insights	insight	NOUN
cjal-9190	47	52	into	into	ADP
cjal-9190	47	53	a	a	DET
cjal-9190	47	54	potential	potential	ADJ
cjal-9190	47	55	model	model	NOUN
cjal-9190	47	56	for	for	ADP
cjal-9190	47	57	reform	reform	NOUN
cjal-9190	47	58	,	,	PUNCT
cjal-9190	47	59	28	28	NUM
cjal-9190	47	60	colum	colum	NOUN
cjal-9190	47	61	.	.	PUNCT
cjal-9190	48	1	j.	j.	PROPN
cjal-9190	48	2	asian	asian	PROPN
cjal-9190	48	3	.	.	PUNCT
cjal-9190	49	1	l.	l.	PROPN
cjal-9190	49	2	61	61	NUM
cjal-9190	49	3	,	,	PUNCT
cjal-9190	49	4	61	61	NUM
cjal-9190	49	5	(	(	PUNCT
cjal-9190	49	6	2015	2015	NUM
cjal-9190	49	7	)	)	PUNCT
cjal-9190	49	8	;	;	PUNCT
cjal-9190	49	9	curtis	curtis	PROPN
cjal-9190	49	10	j.	j.	PROPN
cjal-9190	49	11	milhaupt	milhaupt	PROPN
cjal-9190	49	12	,	,	PUNCT
cjal-9190	49	13	the	the	DET
cjal-9190	49	14	state	state	NOUN
cjal-9190	49	15	as	as	ADP
cjal-9190	49	16	owner	owner	NOUN
cjal-9190	49	17	–	–	PUNCT
cjal-9190	49	18	china	china	PROPN
cjal-9190	49	19	’s	’s	PART
cjal-9190	49	20	experience	experience	NOUN
cjal-9190	49	21	,	,	PUNCT
cjal-9190	49	22	36	36	NUM
cjal-9190	49	23	oxf	oxf	NOUN
cjal-9190	49	24	.	.	PUNCT
cjal-9190	50	1	rev	rev	PROPN
cjal-9190	50	2	.	.	PROPN
cjal-9190	50	3	econ	econ	PROPN
cjal-9190	50	4	.	.	PUNCT
cjal-9190	51	1	pol'y	pol'y	PROPN
cjal-9190	51	2	362	362	NUM
cjal-9190	51	3	,	,	PUNCT
cjal-9190	51	4	362	362	NUM
cjal-9190	51	5	(	(	PUNCT
cjal-9190	51	6	2020	2020	NUM
cjal-9190	51	7	)	)	PUNCT
cjal-9190	51	8	,	,	PUNCT
cjal-9190	51	9	https://academic.oup.com/oxrep/article-abstract/36/2/362/5813051	https://academic.oup.com/oxrep/article-abstract/36/2/362/5813051	PROPN
cjal-9190	51	10	.	.	PROPN
cjal-9190	51	11	7	7	NUM
cjal-9190	51	12	li	li	PROPN
cjal-9190	51	13	-	-	PROPN
cjal-9190	51	14	wen	wen	PROPN
cjal-9190	51	15	lin	lin	PROPN
cjal-9190	51	16	&	&	CCONJ
cjal-9190	51	17	curtis	curtis	PROPN
cjal-9190	51	18	j.	j.	PROPN
cjal-9190	51	19	milhaupt	milhaupt	PROPN
cjal-9190	51	20	,	,	PUNCT
cjal-9190	51	21	we	we	PRON
cjal-9190	51	22	are	be	AUX
cjal-9190	51	23	the	the	DET
cjal-9190	51	24	(	(	PUNCT
cjal-9190	51	25	national	national	ADJ
cjal-9190	51	26	)	)	PUNCT
cjal-9190	51	27	champions	champion	NOUN
cjal-9190	51	28	:	:	PUNCT
cjal-9190	51	29	understanding	understand	VERB
cjal-9190	51	30	the	the	DET
cjal-9190	51	31	mechanisms	mechanism	NOUN
cjal-9190	51	32	of	of	ADP
cjal-9190	51	33	state	state	NOUN
cjal-9190	51	34	capitalism	capitalism	NOUN
cjal-9190	51	35	in	in	ADP
cjal-9190	51	36	china	china	PROPN
cjal-9190	51	37	,	,	PUNCT
cjal-9190	51	38	65	65	NUM
cjal-9190	51	39	stan	stan	PROPN
cjal-9190	51	40	.	.	PUNCT
cjal-9190	52	1	l.	l.	PROPN
cjal-9190	52	2	rev	rev	PROPN
cjal-9190	52	3	.	.	PROPN
cjal-9190	52	4	697	697	NUM
cjal-9190	52	5	,	,	PUNCT
cjal-9190	52	6	700	700	NUM
cjal-9190	52	7	(	(	PUNCT
cjal-9190	52	8	2013	2013	NUM
cjal-9190	52	9	)	)	PUNCT
cjal-9190	52	10	;	;	PUNCT
cjal-9190	52	11	curtis	curtis	PROPN
cjal-9190	52	12	j.	j.	PROPN
cjal-9190	52	13	milhaupt	milhaupt	PROPN
cjal-9190	52	14	&	&	CCONJ
cjal-9190	52	15	wentong	wentong	PROPN
cjal-9190	52	16	zheng	zheng	PROPN
cjal-9190	52	17	,	,	PUNCT
cjal-9190	52	18	beyond	beyond	ADP
cjal-9190	52	19	ownership	ownership	NOUN
cjal-9190	52	20	:	:	PUNCT
cjal-9190	52	21	state	state	NOUN
cjal-9190	52	22	capitalism	capitalism	NOUN
cjal-9190	52	23	and	and	CCONJ
cjal-9190	52	24	the	the	DET
cjal-9190	52	25	chinese	chinese	ADJ
cjal-9190	52	26	firm	firm	NOUN
cjal-9190	52	27	,	,	PUNCT
cjal-9190	52	28	103	103	NUM
cjal-9190	52	29	geo	geo	PROPN
cjal-9190	52	30	.	.	PROPN
cjal-9190	52	31	l.	l.	PROPN
cjal-9190	52	32	j.	j.	PROPN
cjal-9190	52	33	665	665	NUM
cjal-9190	52	34	,	,	PUNCT
cjal-9190	52	35	676	676	NUM
cjal-9190	52	36	(	(	PUNCT
cjal-9190	52	37	mar	mar	PROPN
cjal-9190	52	38	.	.	PROPN
cjal-9190	52	39	2015	2015	NUM
cjal-9190	52	40	)	)	PUNCT
cjal-9190	52	41	.	.	PUNCT
cjal-9190	53	1	8	8	NUM
cjal-9190	53	2	lin	lin	PROPN
cjal-9190	53	3	&	&	CCONJ
cjal-9190	53	4	milhaupt	milhaupt	PROPN
cjal-9190	53	5	,	,	PUNCT
cjal-9190	53	6	supra	supra	PROPN
cjal-9190	53	7	note	note	NOUN
cjal-9190	53	8	7	7	NUM
cjal-9190	53	9	,	,	PUNCT
cjal-9190	53	10	at	at	ADP
cjal-9190	53	11	700	700	NUM
cjal-9190	53	12	;	;	PUNCT
cjal-9190	53	13	milhaupt	milhaupt	PROPN
cjal-9190	53	14	&	&	CCONJ
cjal-9190	53	15	zheng	zheng	PROPN
cjal-9190	53	16	,	,	PUNCT
cjal-9190	53	17	supra	supra	PROPN
cjal-9190	53	18	note	note	PROPN
cjal-9190	53	19	7	7	NUM
cjal-9190	53	20	,	,	PUNCT
cjal-9190	53	21	at	at	ADP
cjal-9190	53	22	676	676	NUM
cjal-9190	53	23	(	(	PUNCT
cjal-9190	53	24	ccp	ccp	PROPN
cjal-9190	53	25	is	be	AUX
cjal-9190	53	26	the	the	DET
cjal-9190	53	27	largest	large	ADJ
cjal-9190	53	28	controlling	control	VERB
cjal-9190	53	29	shareholder	shareholder	NOUN
cjal-9190	53	30	in	in	ADP
cjal-9190	53	31	the	the	DET
cjal-9190	53	32	world	world	NOUN
cjal-9190	53	33	)	)	PUNCT
cjal-9190	53	34	.	.	PUNCT
cjal-9190	54	1	9	9	NUM
cjal-9190	54	2	nicholas	nicholas	PROPN
cjal-9190	54	3	howson	howson	PROPN
cjal-9190	54	4	,	,	PUNCT
cjal-9190	54	5	protecting	protect	VERB
cjal-9190	54	6	the	the	DET
cjal-9190	54	7	state	state	NOUN
cjal-9190	54	8	from	from	ADP
cjal-9190	54	9	itself	itself	PRON
cjal-9190	54	10	?	?	PUNCT
cjal-9190	55	1	regulatory	regulatory	ADJ
cjal-9190	55	2	interventions	intervention	NOUN
cjal-9190	55	3	in	in	ADP
cjal-9190	55	4	corporate	corporate	ADJ
cjal-9190	55	5	governance	governance	NOUN
cjal-9190	55	6	and	and	CCONJ
cjal-9190	55	7	the	the	DET
cjal-9190	55	8	financing	financing	NOUN
cjal-9190	55	9	of	of	ADP
cjal-9190	55	10	china	china	PROPN
cjal-9190	55	11	’s	’s	PART
cjal-9190	55	12	‘	'	PUNCT
cjal-9190	55	13	state	state	NOUN
cjal-9190	55	14	capitalism	capitalism	NOUN
cjal-9190	55	15	’	'	PUNCT
cjal-9190	55	16	,	,	PUNCT
cjal-9190	55	17	in	in	ADP
cjal-9190	55	18	regulating	regulate	VERB
cjal-9190	55	19	the	the	DET
cjal-9190	55	20	visible	visible	ADJ
cjal-9190	55	21	hand	hand	NOUN
cjal-9190	55	22	?	?	PUNCT
cjal-9190	55	23	:	:	PUNCT
cjal-9190	56	1	the	the	DET
cjal-9190	56	2	institutional	institutional	ADJ
cjal-9190	56	3	implications	implication	NOUN
cjal-9190	56	4	of	of	ADP
cjal-9190	56	5	chinese	chinese	ADJ
cjal-9190	56	6	state	state	NOUN
cjal-9190	56	7	capitalism	capitalism	NOUN
cjal-9190	56	8	49	49	NUM
cjal-9190	56	9	,	,	PUNCT
cjal-9190	56	10	51	51	NUM
cjal-9190	56	11	-	-	SYM
cjal-9190	56	12	52	52	NUM
cjal-9190	56	13	(	(	PUNCT
cjal-9190	56	14	benjamin	benjamin	PROPN
cjal-9190	56	15	l.	l.	PROPN
cjal-9190	56	16	liebman	liebman	PROPN
cjal-9190	56	17	&	&	CCONJ
cjal-9190	56	18	curtis	curtis	PROPN
cjal-9190	56	19	j.	j.	PROPN
cjal-9190	56	20	milhaupt	milhaupt	PROPN
cjal-9190	56	21	eds	eds	PROPN
cjal-9190	56	22	.	.	PROPN
cjal-9190	56	23	,	,	PUNCT
cjal-9190	56	24	2015	2015	NUM
cjal-9190	56	25	)	)	PUNCT
cjal-9190	56	26	.	.	PUNCT
cjal-9190	57	1	10	10	NUM
cjal-9190	57	2	howson	howson	PROPN
cjal-9190	57	3	,	,	PUNCT
cjal-9190	57	4	supra	supra	PROPN
cjal-9190	57	5	note	note	NOUN
cjal-9190	57	6	9	9	NUM
cjal-9190	57	7	,	,	PUNCT
cjal-9190	57	8	at	at	ADP
cjal-9190	57	9	51	51	NUM
cjal-9190	57	10	-	-	SYM
cjal-9190	57	11	52	52	NUM
cjal-9190	57	12	;	;	PUNCT
cjal-9190	57	13	jiangyu	jiangyu	PROPN
cjal-9190	57	14	wang	wang	PROPN
cjal-9190	57	15	&	&	CCONJ
cjal-9190	57	16	tan	tan	PROPN
cjal-9190	57	17	cheng	cheng	PROPN
cjal-9190	57	18	-	-	PUNCT
cjal-9190	57	19	han	han	PROPN
cjal-9190	57	20	,	,	PUNCT
cjal-9190	57	21	mixed	mixed	ADJ
cjal-9190	57	22	ownership	ownership	NOUN
cjal-9190	57	23	reform	reform	NOUN
cjal-9190	57	24	and	and	CCONJ
cjal-9190	57	25	corporate	corporate	ADJ
cjal-9190	57	26	governance	governance	NOUN
cjal-9190	57	27	in	in	ADP
cjal-9190	57	28	china	china	PROPN
cjal-9190	57	29	’s	’s	PART
cjal-9190	57	30	state	state	NOUN
cjal-9190	57	31	-	-	PUNCT
cjal-9190	57	32	owned	own	VERB
cjal-9190	57	33	enterprises	enterprise	NOUN
cjal-9190	57	34	,	,	PUNCT
cjal-9190	57	35	53	53	NUM
cjal-9190	57	36	vand	vand	NOUN
cjal-9190	57	37	.	.	PUNCT
cjal-9190	58	1	j.	j.	PROPN
cjal-9190	58	2	transnat’l	transnat’l	PROPN
cjal-9190	58	3	l.	l.	PROPN
cjal-9190	58	4	1055	1055	NUM
cjal-9190	58	5	(	(	PUNCT
cjal-9190	58	6	2020	2020	NUM
cjal-9190	58	7	)	)	PUNCT
cjal-9190	58	8	.	.	PUNCT
cjal-9190	59	1	11	11	NUM
cjal-9190	59	2	‘	'	PUNCT
cjal-9190	59	3	soes	soe	NOUN
cjal-9190	59	4	’	'	PUNCT
cjal-9190	59	5	in	in	ADP
cjal-9190	59	6	this	this	DET
cjal-9190	59	7	article	article	NOUN
cjal-9190	59	8	include	include	VERB
cjal-9190	59	9	:	:	PUNCT
cjal-9190	59	10	(	(	PUNCT
cjal-9190	59	11	1	1	X
cjal-9190	59	12	)	)	PUNCT
cjal-9190	59	13	enterprises	enterprise	NOUN
cjal-9190	59	14	in	in	ADP
cjal-9190	59	15	which	which	PRON
cjal-9190	59	16	government	government	NOUN
cjal-9190	59	17	agencies	agency	NOUN
cjal-9190	59	18	own	own	VERB
cjal-9190	59	19	100	100	NUM
cjal-9190	59	20	%	%	NOUN
cjal-9190	59	21	of	of	ADP
cjal-9190	59	22	the	the	DET
cjal-9190	59	23	shares	share	NOUN
cjal-9190	59	24	(	(	PUNCT
cjal-9190	59	25	wholly	wholly	ADV
cjal-9190	59	26	state	state	NOUN
cjal-9190	59	27	-	-	PUNCT
cjal-9190	59	28	owned	own	VERB
cjal-9190	59	29	enterprises	enterprise	NOUN
cjal-9190	59	30	)	)	PUNCT
cjal-9190	59	31	,	,	PUNCT
cjal-9190	59	32	and	and	CCONJ
cjal-9190	59	33	enterprises	enterprise	NOUN
cjal-9190	59	34	in	in	ADP
cjal-9190	59	35	which	which	PRON
cjal-9190	59	36	government	government	NOUN
cjal-9190	59	37	agencies	agency	NOUN
cjal-9190	59	38	and	and	CCONJ
cjal-9190	59	39	the	the	DET
cjal-9190	59	40	wholly	wholly	ADV
cjal-9190	59	41	state	state	NOUN
cjal-9190	59	42	-	-	PUNCT
cjal-9190	59	43	owned	own	VERB
cjal-9190	59	44	enterprises	enterprise	NOUN
cjal-9190	59	45	directly	directly	ADV
cjal-9190	59	46	or	or	CCONJ
cjal-9190	59	47	indirectly	indirectly	ADV
cjal-9190	59	48	own	own	ADJ
cjal-9190	59	49	in	in	ADP
cjal-9190	59	50	aggregate	aggregate	ADJ
cjal-9190	59	51	100	100	NUM
cjal-9190	59	52	%	%	NOUN
cjal-9190	59	53	of	of	ADP
cjal-9190	59	54	the	the	DET
cjal-9190	59	55	shares	share	NOUN
cjal-9190	59	56	;	;	PUNCT
cjal-9190	59	57	(	(	PUNCT
cjal-9190	59	58	2	2	X
cjal-9190	59	59	)	)	PUNCT
cjal-9190	59	60	enterprises	enterprise	NOUN
cjal-9190	59	61	in	in	ADP
cjal-9190	59	62	which	which	PRON
cjal-9190	59	63	government	government	NOUN
cjal-9190	59	64	agencies	agency	NOUN
cjal-9190	59	65	and	and	CCONJ
cjal-9190	59	66	the	the	DET
cjal-9190	59	67	enterprises	enterprise	NOUN
cjal-9190	59	68	described	describe	VERB
cjal-9190	59	69	in	in	ADP
cjal-9190	59	70	paragraph	paragraph	NOUN
cjal-9190	59	71	(	(	PUNCT
cjal-9190	59	72	1	1	NUM
cjal-9190	59	73	)	)	PUNCT
cjal-9190	59	74	,	,	PUNCT
cjal-9190	59	75	individually	individually	ADV
cjal-9190	59	76	or	or	CCONJ
cjal-9190	59	77	jointly	jointly	ADV
cjal-9190	59	78	,	,	PUNCT
cjal-9190	59	79	own	own	ADJ
cjal-9190	59	80	in	in	ADP
cjal-9190	59	81	aggregate	aggregate	ADJ
cjal-9190	59	82	more	more	ADJ
cjal-9190	59	83	than	than	ADP
cjal-9190	59	84	50	50	NUM
cjal-9190	59	85	%	%	NOUN
cjal-9190	59	86	of	of	ADP
cjal-9190	59	87	the	the	DET
cjal-9190	59	88	shares	share	NOUN
cjal-9190	59	89	and	and	CCONJ
cjal-9190	59	90	in	in	ADP
cjal-9190	59	91	which	which	PRON
cjal-9190	59	92	one	one	NUM
cjal-9190	59	93	of	of	ADP
cjal-9190	59	94	them	they	PRON
cjal-9190	59	95	is	be	AUX
cjal-9190	59	96	the	the	DET
cjal-9190	59	97	largest	large	ADJ
cjal-9190	59	98	shareholder	shareholder	NOUN
cjal-9190	59	99	;	;	PUNCT
cjal-9190	59	100	(	(	PUNCT
cjal-9190	59	101	3	3	X
cjal-9190	59	102	)	)	PUNCT
cjal-9190	59	103	subsidiaries	subsidiary	NOUN
cjal-9190	59	104	in	in	ADP
cjal-9190	59	105	which	which	PRON
cjal-9190	59	106	an	an	DET
cjal-9190	59	107	enterprise	enterprise	NOUN
cjal-9190	59	108	described	describe	VERB
cjal-9190	59	109	in	in	ADP
cjal-9190	59	110	paragraphs	paragraph	NOUN
cjal-9190	59	111	(	(	PUNCT
cjal-9190	59	112	1	1	NUM
cjal-9190	59	113	)	)	PUNCT
cjal-9190	59	114	and	and	CCONJ
cjal-9190	59	115	(	(	PUNCT
cjal-9190	59	116	2	2	X
cjal-9190	59	117	)	)	PUNCT
cjal-9190	59	118	own	own	VERB
cjal-9190	59	119	more	more	ADJ
cjal-9190	59	120	than	than	ADP
cjal-9190	59	121	50	50	NUM
cjal-9190	59	122	%	%	NOUN
cjal-9190	59	123	of	of	ADP
cjal-9190	59	124	the	the	DET
cjal-9190	59	125	shares	share	NOUN
cjal-9190	59	126	;	;	PUNCT
cjal-9190	59	127	and	and	CCONJ
cjal-9190	59	128	(	(	PUNCT
cjal-9190	59	129	4	4	X
cjal-9190	59	130	)	)	PUNCT
cjal-9190	59	131	enterprises	enterprise	NOUN
cjal-9190	59	132	in	in	ADP
cjal-9190	59	133	which	which	PRON
cjal-9190	59	134	a	a	DET
cjal-9190	59	135	government	government	NOUN
cjal-9190	59	136	agencies	agency	NOUN
cjal-9190	59	137	or	or	CCONJ
cjal-9190	59	138	an	an	DET
cjal-9190	59	139	enterprise	enterprise	NOUN
cjal-9190	59	140	described	describe	VERB
cjal-9190	59	141	in	in	ADP
cjal-9190	59	142	paragraphs	paragraph	NOUN
cjal-9190	59	143	(	(	PUNCT
cjal-9190	59	144	1	1	NUM
cjal-9190	59	145	)	)	PUNCT
cjal-9190	59	146	and	and	CCONJ
cjal-9190	59	147	(	(	PUNCT
cjal-9190	59	148	2	2	X
cjal-9190	59	149	)	)	PUNCT
cjal-9190	59	150	owns	own	VERB
cjal-9190	59	151	less	less	ADJ
cjal-9190	59	152	than	than	ADP
cjal-9190	59	153	50	50	NUM
cjal-9190	59	154	%	%	NOUN
cjal-9190	59	155	of	of	ADP
cjal-9190	59	156	the	the	DET
cjal-9190	59	157	shares	share	NOUN
cjal-9190	59	158	,	,	PUNCT
cjal-9190	59	159	but	but	CCONJ
cjal-9190	59	160	is	be	AUX
cjal-9190	59	161	the	the	DET
cjal-9190	59	162	largest	large	ADJ
cjal-9190	59	163	shareholder	shareholder	NOUN
cjal-9190	59	164	,	,	PUNCT
cjal-9190	59	165	and	and	CCONJ
cjal-9190	59	166	is	be	AUX
cjal-9190	59	167	able	able	ADJ
cjal-9190	59	168	to	to	PART
cjal-9190	59	169	exercise	exercise	VERB
cjal-9190	59	170	effective	effective	ADJ
cjal-9190	59	171	domination	domination	NOUN
cjal-9190	59	172	2022	2022	NUM
cjal-9190	59	173	]	]	PUNCT
cjal-9190	59	174	columbia	columbia	PROPN
cjal-9190	59	175	journal	journal	PROPN
cjal-9190	59	176	of	of	ADP
cjal-9190	59	177	asian	asian	ADJ
cjal-9190	59	178	law	law	NOUN
cjal-9190	59	179	79	79	NUM
cjal-9190	59	180	known	know	VERB
cjal-9190	59	181	as	as	ADP
cjal-9190	59	182	mixed	mixed	ADJ
cjal-9190	59	183	-	-	PUNCT
cjal-9190	59	184	ownership	ownership	NOUN
cjal-9190	59	185	,	,	PUNCT
cjal-9190	59	186	as	as	SCONJ
cjal-9190	59	187	soes	soe	NOUN
cjal-9190	59	188	shares	share	NOUN
cjal-9190	59	189	are	be	AUX
cjal-9190	59	190	split	split	VERB
cjal-9190	59	191	between	between	ADP
cjal-9190	59	192	the	the	DET
cjal-9190	59	193	government	government	NOUN
cjal-9190	59	194	as	as	ADP
cjal-9190	59	195	the	the	DET
cjal-9190	59	196	(	(	PUNCT
cjal-9190	59	197	insider	insider	NOUN
cjal-9190	59	198	)	)	PUNCT
cjal-9190	59	199	controlling	control	VERB
cjal-9190	59	200	shareholder	shareholder	NOUN
cjal-9190	59	201	and	and	CCONJ
cjal-9190	59	202	(	(	PUNCT
cjal-9190	59	203	ostensibly	ostensibly	ADV
cjal-9190	59	204	,	,	PUNCT
cjal-9190	59	205	outsider	outsider	NOUN
cjal-9190	59	206	)	)	PUNCT
cjal-9190	59	207	minority	minority	NOUN
cjal-9190	59	208	shareholders.12	shareholders.12	NOUN
cjal-9190	59	209	there	there	PRON
cjal-9190	59	210	is	be	VERB
cjal-9190	59	211	a	a	DET
cjal-9190	59	212	rich	rich	ADJ
cjal-9190	59	213	literature	literature	NOUN
cjal-9190	59	214	analyzing	analyze	VERB
cjal-9190	59	215	the	the	DET
cjal-9190	59	216	government	government	NOUN
cjal-9190	59	217	’s	’s	PART
cjal-9190	59	218	role	role	NOUN
cjal-9190	59	219	as	as	ADP
cjal-9190	59	220	china	china	PROPN
cjal-9190	59	221	’s	’s	PART
cjal-9190	59	222	largest	large	ADJ
cjal-9190	59	223	controlling	control	VERB
cjal-9190	59	224	shareholder	shareholder	NOUN
cjal-9190	59	225	and	and	CCONJ
cjal-9190	59	226	the	the	DET
cjal-9190	59	227	unique	unique	ADJ
cjal-9190	59	228	agency	agency	NOUN
cjal-9190	59	229	problems	problem	NOUN
cjal-9190	59	230	that	that	PRON
cjal-9190	59	231	flow	flow	VERB
cjal-9190	59	232	from	from	ADP
cjal-9190	59	233	it.13	it.13	PROPN
cjal-9190	59	234	this	this	DET
cjal-9190	59	235	research	research	NOUN
cjal-9190	59	236	provides	provide	VERB
cjal-9190	59	237	valuable	valuable	ADJ
cjal-9190	59	238	insights	insight	NOUN
cjal-9190	59	239	into	into	ADP
cjal-9190	59	240	how	how	SCONJ
cjal-9190	59	241	the	the	DET
cjal-9190	59	242	ccp	ccp	PROPN
cjal-9190	59	243	has	have	AUX
cjal-9190	59	244	used	use	VERB
cjal-9190	59	245	the	the	DET
cjal-9190	59	246	government	government	NOUN
cjal-9190	59	247	’s	’s	PART
cjal-9190	59	248	controlling	control	VERB
cjal-9190	59	249	shareholder	shareholder	NOUN
cjal-9190	59	250	power	power	NOUN
cjal-9190	59	251	and	and	CCONJ
cjal-9190	59	252	other	other	ADJ
cjal-9190	59	253	idiosyncratic	idiosyncratic	ADJ
cjal-9190	59	254	governance	governance	NOUN
cjal-9190	59	255	mechanisms	mechanism	NOUN
cjal-9190	59	256	—	—	PUNCT
cjal-9190	59	257	such	such	ADJ
cjal-9190	59	258	as	as	ADP
cjal-9190	59	259	party	party	NOUN
cjal-9190	59	260	committees	committee	NOUN
cjal-9190	59	261	(	(	PUNCT
cjal-9190	59	262	dang	dang	PROPN
cjal-9190	59	263	wei	wei	PROPN
cjal-9190	59	264	hui	hui	PROPN
cjal-9190	59	265	)	)	PUNCT
cjal-9190	59	266	—	—	PUNCT
cjal-9190	59	267	to	to	PART
cjal-9190	59	268	play	play	VERB
cjal-9190	59	269	a	a	DET
cjal-9190	59	270	central	central	ADJ
cjal-9190	59	271	role	role	NOUN
cjal-9190	59	272	as	as	ADP
cjal-9190	59	273	a	a	DET
cjal-9190	59	274	corporate	corporate	ADJ
cjal-9190	59	275	governance	governance	NOUN
cjal-9190	59	276	insider	insider	NOUN
cjal-9190	59	277	in	in	ADP
cjal-9190	59	278	listed	list	VERB
cjal-9190	59	279	soes	soe	NOUN
cjal-9190	59	280	and	and	CCONJ
cjal-9190	59	281	even	even	ADV
cjal-9190	59	282	in	in	ADP
cjal-9190	59	283	many	many	ADJ
cjal-9190	59	284	private	private	ADJ
cjal-9190	59	285	-	-	PUNCT
cjal-9190	59	286	owned	own	VERB
cjal-9190	59	287	enterprises	enterprise	NOUN
cjal-9190	59	288	(	(	PUNCT
cjal-9190	59	289	poes).14	poes).14	NOUN
cjal-9190	59	290	however	however	ADV
cjal-9190	59	291	,	,	PUNCT
cjal-9190	59	292	the	the	DET
cjal-9190	59	293	ccp	ccp	PROPN
cjal-9190	59	294	’s	’s	PART
cjal-9190	59	295	role	role	NOUN
cjal-9190	59	296	as	as	ADP
cjal-9190	59	297	the	the	DET
cjal-9190	59	298	architect	architect	NOUN
cjal-9190	59	299	—	—	PUNCT
cjal-9190	59	300	and	and	CCONJ
cjal-9190	59	301	direct	direct	ADJ
cjal-9190	59	302	and	and	CCONJ
cjal-9190	59	303	indirect	indirect	ADJ
cjal-9190	59	304	controller	controller	NOUN
cjal-9190	59	305	—	—	PUNCT
cjal-9190	59	306	of	of	ADP
cjal-9190	59	307	institutional	institutional	ADJ
cjal-9190	59	308	investors	investor	NOUN
cjal-9190	59	309	in	in	ADP
cjal-9190	59	310	china	china	PROPN
cjal-9190	59	311	has	have	AUX
cjal-9190	59	312	remained	remain	VERB
cjal-9190	59	313	underexplored	underexplored	ADJ
cjal-9190	59	314	,	,	PUNCT
cjal-9190	59	315	and	and	CCONJ
cjal-9190	59	316	is	be	AUX
cjal-9190	59	317	often	often	ADV
cjal-9190	59	318	entirely	entirely	ADV
cjal-9190	59	319	ignored.15	ignored.15	ADJ
cjal-9190	59	320	through	through	ADP
cjal-9190	59	321	shareholders	shareholder	NOUN
cjal-9190	59	322	'	'	PART
cjal-9190	59	323	agreements	agreement	NOUN
cjal-9190	59	324	,	,	PUNCT
cjal-9190	59	325	articles	article	NOUN
cjal-9190	59	326	of	of	ADP
cjal-9190	59	327	association	association	NOUN
cjal-9190	59	328	,	,	PUNCT
cjal-9190	59	329	board	board	NOUN
cjal-9190	59	330	resolutions	resolution	NOUN
cjal-9190	59	331	or	or	CCONJ
cjal-9190	59	332	other	other	ADJ
cjal-9190	59	333	arrangements	arrangement	NOUN
cjal-9190	59	334	.	.	PUNCT
cjal-9190	60	1	see	see	VERB
cjal-9190	61	1	qiye	qiye	INTJ
cjal-9190	61	2	guoyou	guoyou	PROPN
cjal-9190	62	1	zichan	zichan	PROPN
cjal-9190	62	2	jiaoyi	jiaoyi	PROPN
cjal-9190	62	3	jiandu	jiandu	PROPN
cjal-9190	62	4	guanli	guanli	PROPN
cjal-9190	62	5	banfa	banfa	NOUN
cjal-9190	62	6	(	(	PUNCT
cjal-9190	62	7	企业国有资产	企业国有资产	NOUN
cjal-9190	62	8	交易监督管理办法	交易监督管理办法	ADJ
cjal-9190	62	9	)	)	PUNCT
cjal-9190	63	1	[	[	X
cjal-9190	63	2	measures	measure	NOUN
cjal-9190	63	3	for	for	ADP
cjal-9190	63	4	the	the	DET
cjal-9190	63	5	supervision	supervision	NOUN
cjal-9190	63	6	and	and	CCONJ
cjal-9190	63	7	administration	administration	NOUN
cjal-9190	63	8	of	of	ADP
cjal-9190	63	9	the	the	DET
cjal-9190	63	10	transactions	transaction	NOUN
cjal-9190	63	11	of	of	ADP
cjal-9190	63	12	state	state	NOUN
cjal-9190	63	13	-	-	PUNCT
cjal-9190	63	14	owned	own	VERB
cjal-9190	63	15	assets	asset	NOUN
cjal-9190	63	16	of	of	ADP
cjal-9190	63	17	enterprises	enterprise	NOUN
cjal-9190	63	18	]	]	PUNCT
cjal-9190	63	19	(	(	PUNCT
cjal-9190	63	20	promulgated	promulgate	VERB
cjal-9190	63	21	by	by	ADP
cjal-9190	63	22	the	the	DET
cjal-9190	63	23	stateowned	stateowne	VERB
cjal-9190	63	24	assets	asset	NOUN
cjal-9190	63	25	supervision	supervision	PROPN
cjal-9190	63	26	and	and	CCONJ
cjal-9190	63	27	administration	administration	PROPN
cjal-9190	63	28	commission	commission	PROPN
cjal-9190	63	29	(	(	PUNCT
cjal-9190	63	30	sasac	sasac	NOUN
cjal-9190	63	31	)	)	PUNCT
cjal-9190	63	32	and	and	CCONJ
cjal-9190	63	33	ministry	ministry	PROPN
cjal-9190	63	34	of	of	ADP
cjal-9190	63	35	finance	finance	PROPN
cjal-9190	63	36	(	(	PUNCT
cjal-9190	63	37	mof	mof	NOUN
cjal-9190	63	38	)	)	PUNCT
cjal-9190	63	39	,	,	PUNCT
cjal-9190	63	40	jun	jun	PROPN
cjal-9190	63	41	.	.	PROPN
cjal-9190	63	42	24	24	NUM
cjal-9190	63	43	,	,	PUNCT
cjal-9190	63	44	2016	2016	NUM
cjal-9190	63	45	,	,	PUNCT
cjal-9190	63	46	effective	effective	ADJ
cjal-9190	63	47	june	june	PROPN
cjal-9190	63	48	24	24	NUM
cjal-9190	63	49	,	,	PUNCT
cjal-9190	63	50	2016	2016	NUM
cjal-9190	63	51	)	)	PUNCT
cjal-9190	63	52	art	art	NOUN
cjal-9190	63	53	4	4	NUM
cjal-9190	63	54	,	,	PUNCT
cjal-9190	63	55	available	available	ADJ
cjal-9190	63	56	at	at	ADP
cjal-9190	63	57	http://lawinfochina.com/display.aspx?id=26008&lib=law&encodingname=big5	http://lawinfochina.com/display.aspx?id=26008&lib=law&encodingname=big5	PROPN
cjal-9190	63	58	.	.	PUNCT
cjal-9190	64	1	12	12	NUM
cjal-9190	64	2	howson	howson	PROPN
cjal-9190	64	3	,	,	PUNCT
cjal-9190	64	4	supra	supra	PROPN
cjal-9190	64	5	note	note	NOUN
cjal-9190	64	6	9	9	NUM
cjal-9190	64	7	,	,	PUNCT
cjal-9190	64	8	at	at	ADP
cjal-9190	64	9	51	51	NUM
cjal-9190	64	10	-	-	SYM
cjal-9190	64	11	52	52	NUM
cjal-9190	64	12	;	;	PUNCT
cjal-9190	64	13	milhaupt	milhaupt	ADJ
cjal-9190	64	14	,	,	PUNCT
cjal-9190	64	15	supra	supra	PROPN
cjal-9190	64	16	note	note	PROPN
cjal-9190	64	17	6	6	NUM
cjal-9190	64	18	;	;	PUNCT
cjal-9190	64	19	wang	wang	PROPN
cjal-9190	64	20	&	&	CCONJ
cjal-9190	64	21	tan	tan	PROPN
cjal-9190	64	22	,	,	PUNCT
cjal-9190	64	23	supra	supra	PROPN
cjal-9190	64	24	note	note	NOUN
cjal-9190	64	25	10	10	NUM
cjal-9190	64	26	,	,	PUNCT
cjal-9190	64	27	at	at	ADP
cjal-9190	64	28	1062	1062	NUM
cjal-9190	64	29	-	-	SYM
cjal-9190	64	30	64	64	NUM
cjal-9190	64	31	.	.	NUM
cjal-9190	64	32	13	13	NUM
cjal-9190	65	1	i	i	PROPN
cjal-9190	65	2	d.	d.	PROPN
cjal-9190	65	3	;	;	PUNCT
cjal-9190	65	4	lauren	lauren	PROPN
cjal-9190	65	5	yu	yu	PROPN
cjal-9190	65	6	-	-	PROPN
cjal-9190	65	7	hsin	hsin	PROPN
cjal-9190	65	8	lin	lin	PROPN
cjal-9190	65	9	,	,	PUNCT
cjal-9190	65	10	institutionalizing	institutionalize	VERB
cjal-9190	65	11	political	political	ADJ
cjal-9190	65	12	influence	influence	NOUN
cjal-9190	65	13	in	in	ADP
cjal-9190	65	14	business	business	NOUN
cjal-9190	65	15	:	:	PUNCT
cjal-9190	65	16	partybuilding	partybuilding	NOUN
cjal-9190	65	17	and	and	CCONJ
cjal-9190	65	18	insider	insider	NOUN
cjal-9190	65	19	control	control	NOUN
cjal-9190	65	20	in	in	ADP
cjal-9190	65	21	chinese	chinese	ADJ
cjal-9190	65	22	state	state	NOUN
cjal-9190	65	23	-	-	PUNCT
cjal-9190	65	24	owned	own	VERB
cjal-9190	65	25	enterprises	enterprise	NOUN
cjal-9190	65	26	,	,	PUNCT
cjal-9190	65	27	45	45	NUM
cjal-9190	65	28	vt	vt	PROPN
cjal-9190	65	29	.	.	PUNCT
cjal-9190	65	30	l.	l.	PROPN
cjal-9190	65	31	rev	rev	PROPN
cjal-9190	65	32	.	.	PROPN
cjal-9190	65	33	437	437	NUM
cjal-9190	65	34	(	(	PUNCT
cjal-9190	65	35	2021	2021	NUM
cjal-9190	65	36	)	)	PUNCT
cjal-9190	65	37	;	;	PUNCT
cjal-9190	65	38	john	john	PROPN
cjal-9190	65	39	zhuang	zhuang	PROPN
cjal-9190	65	40	liu	liu	PROPN
cjal-9190	65	41	and	and	CCONJ
cjal-9190	65	42	angela	angela	PROPN
cjal-9190	65	43	huyue	huyue	PROPN
cjal-9190	65	44	zhang	zhang	PROPN
cjal-9190	65	45	,	,	PUNCT
cjal-9190	65	46	ownership	ownership	NOUN
cjal-9190	65	47	and	and	CCONJ
cjal-9190	65	48	political	political	ADJ
cjal-9190	65	49	control	control	NOUN
cjal-9190	65	50	:	:	PUNCT
cjal-9190	65	51	evidence	evidence	NOUN
cjal-9190	65	52	from	from	ADP
cjal-9190	65	53	charter	charter	NOUN
cjal-9190	65	54	amendments	amendment	NOUN
cjal-9190	65	55	,	,	PUNCT
cjal-9190	65	56	60	60	NUM
cjal-9190	65	57	int’l	int’l	PRON
cjal-9190	65	58	rev	rev	VERB
cjal-9190	65	59	.	.	PROPN
cjal-9190	65	60	l.	l.	PROPN
cjal-9190	65	61	&	&	CCONJ
cjal-9190	65	62	econ	econ	PROPN
cjal-9190	65	63	.	.	PUNCT
cjal-9190	66	1	105853	105853	NUM
cjal-9190	66	2	(	(	PUNCT
cjal-9190	66	3	2019	2019	NUM
cjal-9190	66	4	)	)	PUNCT
cjal-9190	67	1	;	;	PUNCT
cjal-9190	67	2	lauren	lauren	PROPN
cjal-9190	67	3	yu	yu	PROPN
cjal-9190	67	4	-	-	PROPN
cjal-9190	67	5	hsin	hsin	PROPN
cjal-9190	67	6	lin	lin	PROPN
cjal-9190	67	7	and	and	CCONJ
cjal-9190	67	8	yun	yun	PROPN
cjal-9190	67	9	-	-	PUNCT
cjal-9190	67	10	chien	chien	PROPN
cjal-9190	67	11	chang	chang	PROPN
cjal-9190	67	12	,	,	PUNCT
cjal-9190	67	13	do	do	VERB
cjal-9190	67	14	state	state	NOUN
cjal-9190	67	15	-	-	PUNCT
cjal-9190	67	16	owned	own	VERB
cjal-9190	67	17	enterprises	enterprise	NOUN
cjal-9190	67	18	have	have	VERB
cjal-9190	67	19	worse	bad	ADJ
cjal-9190	67	20	corporate	corporate	ADJ
cjal-9190	67	21	governance	governance	NOUN
cjal-9190	67	22	?	?	PUNCT
cjal-9190	68	1	an	an	DET
cjal-9190	68	2	empirical	empirical	ADJ
cjal-9190	68	3	study	study	NOUN
cjal-9190	68	4	of	of	ADP
cjal-9190	68	5	corporate	corporate	ADJ
cjal-9190	68	6	practices	practice	NOUN
cjal-9190	68	7	in	in	ADP
cjal-9190	68	8	china	china	PROPN
cjal-9190	68	9	,	,	PUNCT
cjal-9190	68	10	eur	eur	PROPN
cjal-9190	68	11	.	.	PUNCT
cjal-9190	68	12	bus	bus	NOUN
cjal-9190	68	13	.	.	PUNCT
cjal-9190	69	1	org	org	PROPN
cjal-9190	69	2	.	.	PUNCT
cjal-9190	70	1	l.	l.	PROPN
cjal-9190	70	2	rev	rev	PROPN
cjal-9190	70	3	.	.	PUNCT
cjal-9190	71	1	(	(	PUNCT
cjal-9190	71	2	forthcoming	forthcoming	ADJ
cjal-9190	71	3	2021	2021	NUM
cjal-9190	71	4	)	)	PUNCT
cjal-9190	71	5	;	;	PUNCT
cjal-9190	71	6	wang	wang	PROPN
cjal-9190	71	7	&	&	CCONJ
cjal-9190	71	8	tan	tan	PROPN
cjal-9190	71	9	,	,	PUNCT
cjal-9190	71	10	supra	supra	PROPN
cjal-9190	71	11	note	note	PROPN
cjal-9190	71	12	10	10	NUM
cjal-9190	71	13	;	;	PUNCT
cjal-9190	71	14	jiangyu	jiangyu	PROPN
cjal-9190	71	15	wang	wang	PROPN
cjal-9190	71	16	,	,	PUNCT
cjal-9190	71	17	the	the	DET
cjal-9190	71	18	political	political	ADJ
cjal-9190	71	19	logic	logic	NOUN
cjal-9190	71	20	of	of	ADP
cjal-9190	71	21	corporate	corporate	ADJ
cjal-9190	71	22	governance	governance	NOUN
cjal-9190	71	23	in	in	ADP
cjal-9190	71	24	china	china	PROPN
cjal-9190	71	25	’s	’s	PART
cjal-9190	71	26	state	state	NOUN
cjal-9190	71	27	-	-	PUNCT
cjal-9190	71	28	owned	own	VERB
cjal-9190	71	29	enterprises	enterprise	NOUN
cjal-9190	71	30	,	,	PUNCT
cjal-9190	71	31	47	47	NUM
cjal-9190	71	32	cornell	cornell	PROPN
cjal-9190	71	33	int’l	int’l	PROPN
cjal-9190	71	34	l.j	l.j	PROPN
cjal-9190	71	35	.	.	PROPN
cjal-9190	72	1	631	631	NUM
cjal-9190	72	2	(	(	PUNCT
cjal-9190	72	3	2014	2014	NUM
cjal-9190	72	4	)	)	PUNCT
cjal-9190	72	5	.	.	PUNCT
cjal-9190	73	1	14	14	NUM
cjal-9190	73	2	wang	wang	PROPN
cjal-9190	73	3	&	&	CCONJ
cjal-9190	73	4	tan	tan	PROPN
cjal-9190	73	5	,	,	PUNCT
cjal-9190	73	6	supra	supra	PROPN
cjal-9190	73	7	note	note	NOUN
cjal-9190	73	8	10	10	NUM
cjal-9190	73	9	,	,	PUNCT
cjal-9190	73	10	at	at	ADP
cjal-9190	73	11	1094	1094	NUM
cjal-9190	73	12	;	;	PUNCT
cjal-9190	73	13	lauren	lauren	PROPN
cjal-9190	73	14	yu	yu	PROPN
cjal-9190	73	15	-	-	PROPN
cjal-9190	73	16	hsin	hsin	PROPN
cjal-9190	73	17	lin	lin	PROPN
cjal-9190	73	18	&	&	CCONJ
cjal-9190	73	19	curtis	curtis	PROPN
cjal-9190	73	20	j.	j.	PROPN
cjal-9190	73	21	milhaupt	milhaupt	PROPN
cjal-9190	73	22	,	,	PUNCT
cjal-9190	73	23	party	party	NOUN
cjal-9190	73	24	building	building	NOUN
cjal-9190	73	25	or	or	CCONJ
cjal-9190	73	26	noisy	noisy	ADJ
cjal-9190	73	27	signaling	signaling	NOUN
cjal-9190	73	28	?	?	PUNCT
cjal-9190	74	1	the	the	DET
cjal-9190	74	2	contours	contours	NOUN
cjal-9190	74	3	of	of	ADP
cjal-9190	74	4	political	political	ADJ
cjal-9190	74	5	conformity	conformity	NOUN
cjal-9190	74	6	in	in	ADP
cjal-9190	74	7	chinese	chinese	ADJ
cjal-9190	74	8	corporate	corporate	ADJ
cjal-9190	74	9	governance	governance	NOUN
cjal-9190	74	10	,	,	PUNCT
cjal-9190	74	11	at	at	ADP
cjal-9190	74	12	3	3	NUM
cjal-9190	74	13	(	(	PUNCT
cjal-9190	74	14	egci	egci	ADJ
cjal-9190	74	15	law	law	NOUN
cjal-9190	74	16	working	working	NOUN
cjal-9190	74	17	paper	paper	NOUN
cjal-9190	74	18	no	no	INTJ
cjal-9190	74	19	.	.	PUNCT
cjal-9190	74	20	493/2020	493/2020	NUM
cjal-9190	74	21	)	)	PUNCT
cjal-9190	74	22	(	(	PUNCT
cjal-9190	74	23	soes	soe	NOUN
cjal-9190	74	24	are	be	AUX
cjal-9190	74	25	now	now	ADV
cjal-9190	74	26	expected	expect	VERB
cjal-9190	74	27	to	to	PART
cjal-9190	74	28	expressly	expressly	ADV
cjal-9190	74	29	give	give	VERB
cjal-9190	74	30	the	the	DET
cjal-9190	74	31	party	party	NOUN
cjal-9190	74	32	’s	’s	PART
cjal-9190	74	33	leadership	leadership	NOUN
cjal-9190	74	34	and	and	CCONJ
cjal-9190	74	35	party	party	NOUN
cjal-9190	74	36	committees	committee	NOUN
cjal-9190	74	37	formal	formal	ADJ
cjal-9190	74	38	legal	legal	ADJ
cjal-9190	74	39	status	status	NOUN
cjal-9190	74	40	inside	inside	ADP
cjal-9190	74	41	the	the	DET
cjal-9190	74	42	company	company	NOUN
cjal-9190	74	43	)	)	PUNCT
cjal-9190	74	44	.	.	PUNCT
cjal-9190	75	1	15	15	NUM
cjal-9190	75	2	this	this	PRON
cjal-9190	75	3	suggests	suggest	VERB
cjal-9190	75	4	a	a	DET
cjal-9190	75	5	lack	lack	NOUN
cjal-9190	75	6	of	of	ADP
cjal-9190	75	7	awareness	awareness	NOUN
cjal-9190	75	8	of	of	ADP
cjal-9190	75	9	the	the	DET
cjal-9190	75	10	role	role	NOUN
cjal-9190	75	11	of	of	ADP
cjal-9190	75	12	institutional	institutional	ADJ
cjal-9190	75	13	investors	investor	NOUN
cjal-9190	75	14	in	in	ADP
cjal-9190	75	15	china	china	PROPN
cjal-9190	75	16	.	.	PUNCT
cjal-9190	76	1	see	see	VERB
cjal-9190	76	2	wang	wang	PROPN
cjal-9190	76	3	&	&	CCONJ
cjal-9190	76	4	tan	tan	PROPN
cjal-9190	76	5	,	,	PUNCT
cjal-9190	76	6	supra	supra	PROPN
cjal-9190	76	7	note	note	NOUN
cjal-9190	76	8	10	10	NUM
cjal-9190	76	9	,	,	PUNCT
cjal-9190	76	10	at	at	ADP
cjal-9190	76	11	1106	1106	NUM
cjal-9190	76	12	(	(	PUNCT
cjal-9190	76	13	explains	explain	VERB
cjal-9190	76	14	that	that	SCONJ
cjal-9190	76	15	strategic	strategic	ADJ
cjal-9190	76	16	investors	investor	NOUN
cjal-9190	76	17	,	,	PUNCT
cjal-9190	76	18	who	who	PRON
cjal-9190	76	19	themselves	themselves	PRON
cjal-9190	76	20	have	have	VERB
cjal-9190	76	21	strong	strong	ADJ
cjal-9190	76	22	links	link	NOUN
cjal-9190	76	23	to	to	ADP
cjal-9190	76	24	the	the	DET
cjal-9190	76	25	party	party	NOUN
cjal-9190	76	26	,	,	PUNCT
cjal-9190	76	27	play	play	VERB
cjal-9190	76	28	the	the	DET
cjal-9190	76	29	role	role	NOUN
cjal-9190	76	30	of	of	ADP
cjal-9190	76	31	supervising	supervise	VERB
cjal-9190	76	32	the	the	DET
cjal-9190	76	33	board	board	NOUN
cjal-9190	76	34	in	in	ADP
cjal-9190	76	35	china	china	PROPN
cjal-9190	76	36	rather	rather	ADV
cjal-9190	76	37	than	than	ADP
cjal-9190	76	38	institutional	institutional	ADJ
cjal-9190	76	39	investors	investor	NOUN
cjal-9190	76	40	)	)	PUNCT
cjal-9190	76	41	;	;	PUNCT
cjal-9190	76	42	tamar	tamar	PROPN
cjal-9190	76	43	groswald	groswald	PROPN
cjal-9190	76	44	ozery	ozery	PROPN
cjal-9190	76	45	,	,	PUNCT
cjal-9190	76	46	minority	minority	NOUN
cjal-9190	76	47	public	public	ADJ
cjal-9190	76	48	shareholders	shareholder	NOUN
cjal-9190	76	49	in	in	ADP
cjal-9190	76	50	china	china	PROPN
cjal-9190	76	51	’s	’s	PART
cjal-9190	76	52	concentrated	concentrated	ADJ
cjal-9190	76	53	capital	capital	NOUN
cjal-9190	76	54	markets	market	NOUN
cjal-9190	76	55	–	–	PUNCT
cjal-9190	76	56	a	a	DET
cjal-9190	76	57	new	new	ADJ
cjal-9190	76	58	paradigm	paradigm	NOUN
cjal-9190	76	59	?	?	PUNCT
cjal-9190	76	60	,	,	PUNCT
cjal-9190	76	61	30	30	NUM
cjal-9190	76	62	colum	colum	NOUN
cjal-9190	76	63	.	.	PUNCT
cjal-9190	77	1	j.	j.	PROPN
cjal-9190	77	2	asian	asian	PROPN
cjal-9190	77	3	l.	l.	PROPN
cjal-9190	77	4	1	1	NUM
cjal-9190	77	5	,	,	PUNCT
cjal-9190	77	6	28	28	NUM
cjal-9190	77	7	-	-	SYM
cjal-9190	77	8	30	30	NUM
cjal-9190	77	9	(	(	PUNCT
cjal-9190	77	10	2016	2016	NUM
cjal-9190	77	11	)	)	PUNCT
cjal-9190	77	12	(	(	PUNCT
cjal-9190	77	13	several	several	ADJ
cjal-9190	77	14	market	market	NOUN
cjal-9190	77	15	conditions	condition	NOUN
cjal-9190	77	16	such	such	ADJ
cjal-9190	77	17	as	as	ADP
cjal-9190	77	18	the	the	DET
cjal-9190	77	19	strict	strict	ADJ
cjal-9190	77	20	regimentation	regimentation	NOUN
cjal-9190	77	21	of	of	ADP
cjal-9190	77	22	institutional	institutional	ADJ
cjal-9190	77	23	services	service	NOUN
cjal-9190	77	24	where	where	SCONJ
cjal-9190	77	25	they	they	PRON
cjal-9190	77	26	only	only	ADV
cjal-9190	77	27	have	have	VERB
cjal-9190	77	28	limited	limit	VERB
cjal-9190	77	29	investment	investment	NOUN
cjal-9190	77	30	choices	choice	NOUN
cjal-9190	77	31	,	,	PUNCT
cjal-9190	77	32	the	the	DET
cjal-9190	77	33	short	short	ADJ
cjal-9190	77	34	term	term	NOUN
cjal-9190	77	35	investment	investment	NOUN
cjal-9190	77	36	horizon	horizon	NOUN
cjal-9190	77	37	,	,	PUNCT
cjal-9190	77	38	and	and	CCONJ
cjal-9190	77	39	the	the	DET
cjal-9190	77	40	lack	lack	NOUN
cjal-9190	77	41	of	of	ADP
cjal-9190	77	42	skillfulness	skillfulness	NOUN
cjal-9190	77	43	of	of	ADP
cjal-9190	77	44	institutional	institutional	ADJ
cjal-9190	77	45	investors	investor	NOUN
cjal-9190	77	46	have	have	AUX
cjal-9190	77	47	limited	limit	VERB
cjal-9190	77	48	the	the	DET
cjal-9190	77	49	ability	ability	NOUN
cjal-9190	77	50	of	of	ADP
cjal-9190	77	51	institutional	institutional	ADJ
cjal-9190	77	52	investors	investor	NOUN
cjal-9190	77	53	to	to	PART
cjal-9190	77	54	monitor	monitor	VERB
cjal-9190	77	55	and	and	CCONJ
cjal-9190	77	56	meaningfully	meaningfully	ADV
cjal-9190	77	57	participate	participate	VERB
cjal-9190	77	58	in	in	ADP
cjal-9190	77	59	firms	firm	NOUN
cjal-9190	77	60	’	'	PUNCT
cjal-9190	77	61	governance	governance	NOUN
cjal-9190	77	62	in	in	ADP
cjal-9190	77	63	china	china	PROPN
cjal-9190	77	64	)	)	PUNCT
cjal-9190	77	65	;	;	PUNCT
cjal-9190	77	66	howson	howson	PROPN
cjal-9190	77	67	,	,	PUNCT
cjal-9190	78	1	supra	supra	PROPN
cjal-9190	78	2	note	note	NOUN
cjal-9190	78	3	9	9	NUM
cjal-9190	78	4	,	,	PUNCT
cjal-9190	78	5	at	at	ADP
cjal-9190	78	6	53	53	NUM
cjal-9190	78	7	-	-	SYM
cjal-9190	78	8	54	54	NUM
cjal-9190	78	9	(	(	PUNCT
cjal-9190	78	10	there	there	PRON
cjal-9190	78	11	is	be	VERB
cjal-9190	78	12	nothing	nothing	PRON
cjal-9190	78	13	in	in	ADP
cjal-9190	78	14	the	the	DET
cjal-9190	78	15	law	law	NOUN
cjal-9190	78	16	that	that	PRON
cjal-9190	78	17	requires	require	VERB
cjal-9190	78	18	the	the	DET
cjal-9190	78	19	controlling	control	VERB
cjal-9190	78	20	state	state	NOUN
cjal-9190	78	21	actor	actor	NOUN
cjal-9190	78	22	to	to	PART
cjal-9190	78	23	take	take	VERB
cjal-9190	78	24	into	into	ADP
cjal-9190	78	25	account	account	NOUN
cjal-9190	78	26	the	the	DET
cjal-9190	78	27	interests	interest	NOUN
cjal-9190	78	28	of	of	ADP
cjal-9190	78	29	the	the	DET
cjal-9190	78	30	minority	minority	NOUN
cjal-9190	78	31	,	,	PUNCT
cjal-9190	78	32	much	much	ADV
cjal-9190	78	33	less	less	ADV
cjal-9190	78	34	the	the	DET
cjal-9190	78	35	role	role	NOUN
cjal-9190	78	36	of	of	ADP
cjal-9190	78	37	the	the	DET
cjal-9190	78	38	minority	minority	NOUN
cjal-9190	78	39	institutional	institutional	ADJ
cjal-9190	78	40	investor	investor	NOUN
cjal-9190	78	41	to	to	PART
cjal-9190	78	42	monitor	monitor	VERB
cjal-9190	78	43	and	and	CCONJ
cjal-9190	78	44	participate	participate	VERB
cjal-9190	78	45	in	in	ADP
cjal-9190	78	46	the	the	DET
cjal-9190	78	47	firms	firm	NOUN
cjal-9190	78	48	’	'	PUNCT
cjal-9190	78	49	governance	governance	NOUN
cjal-9190	78	50	in	in	ADP
cjal-9190	78	51	china	china	PROPN
cjal-9190	78	52	)	)	PUNCT
cjal-9190	78	53	;	;	PUNCT
cjal-9190	79	1	milhaupt	milhaupt	X
cjal-9190	79	2	,	,	PUNCT
cjal-9190	79	3	80	80	NUM
cjal-9190	79	4	institutional	institutional	ADJ
cjal-9190	79	5	investors	investor	NOUN
cjal-9190	79	6	in	in	ADP
cjal-9190	79	7	china	china	PROPN
cjal-9190	80	1	[	[	X
cjal-9190	80	2	vol	vol	NOUN
cjal-9190	80	3	.	.	PUNCT
cjal-9190	80	4	35	35	NUM
cjal-9190	80	5	:	:	SYM
cjal-9190	80	6	74	74	NUM
cjal-9190	80	7	this	this	DET
cjal-9190	80	8	lack	lack	NOUN
cjal-9190	80	9	of	of	ADP
cjal-9190	80	10	focus	focus	NOUN
cjal-9190	80	11	on	on	ADP
cjal-9190	80	12	institutional	institutional	ADJ
cjal-9190	80	13	investors	investor	NOUN
cjal-9190	80	14	in	in	ADP
cjal-9190	80	15	chinese	chinese	ADJ
cjal-9190	80	16	corporate	corporate	ADJ
cjal-9190	80	17	governance	governance	NOUN
cjal-9190	80	18	may	may	AUX
cjal-9190	80	19	have	have	AUX
cjal-9190	80	20	made	make	VERB
cjal-9190	80	21	sense	sense	NOUN
cjal-9190	80	22	two	two	NUM
cjal-9190	80	23	decades	decade	NOUN
cjal-9190	80	24	ago	ago	ADV
cjal-9190	80	25	.	.	PUNCT
cjal-9190	81	1	at	at	ADP
cjal-9190	81	2	that	that	DET
cjal-9190	81	3	time	time	NOUN
cjal-9190	81	4	,	,	PUNCT
cjal-9190	81	5	in	in	ADP
cjal-9190	81	6	listed	list	VERB
cjal-9190	81	7	chinese	chinese	ADJ
cjal-9190	81	8	companies	company	NOUN
cjal-9190	81	9	,	,	PUNCT
cjal-9190	81	10	institutional	institutional	ADJ
cjal-9190	81	11	investors	investor	NOUN
cjal-9190	81	12	’	’	PART
cjal-9190	81	13	shareholdings	shareholding	NOUN
cjal-9190	81	14	were	be	AUX
cjal-9190	81	15	miniscule,16	miniscule,16	VERB
cjal-9190	81	16	the	the	DET
cjal-9190	81	17	ccp	ccp	PROPN
cjal-9190	81	18	had	have	VERB
cjal-9190	81	19	an	an	DET
cjal-9190	81	20	iron	iron	NOUN
cjal-9190	81	21	grip	grip	NOUN
cjal-9190	81	22	on	on	ADP
cjal-9190	81	23	corporate	corporate	ADJ
cjal-9190	81	24	governance	governance	NOUN
cjal-9190	81	25	through	through	ADP
cjal-9190	81	26	the	the	DET
cjal-9190	81	27	government	government	NOUN
cjal-9190	81	28	’s	’s	PART
cjal-9190	81	29	non	non	ADJ
cjal-9190	81	30	-	-	ADJ
cjal-9190	81	31	tradable	tradable	ADJ
cjal-9190	81	32	controlling	controlling	NOUN
cjal-9190	81	33	block	block	NOUN
cjal-9190	81	34	shareholdings,17	shareholdings,17	ADJ
cjal-9190	81	35	and	and	CCONJ
cjal-9190	81	36	stringent	stringent	ADJ
cjal-9190	81	37	caps	cap	NOUN
cjal-9190	81	38	on	on	ADP
cjal-9190	81	39	foreign	foreign	ADJ
cjal-9190	81	40	institutional	institutional	ADJ
cjal-9190	81	41	investor	investor	NOUN
cjal-9190	81	42	shareholdings	shareholding	NOUN
cjal-9190	81	43	rendered	render	VERB
cjal-9190	81	44	them	they	PRON
cjal-9190	81	45	negligible.18	negligible.18	PRON
cjal-9190	81	46	all	all	PRON
cjal-9190	81	47	of	of	ADP
cjal-9190	81	48	these	these	DET
cjal-9190	81	49	facts	fact	NOUN
cjal-9190	81	50	are	be	AUX
cjal-9190	81	51	relics	relic	NOUN
cjal-9190	81	52	of	of	ADP
cjal-9190	81	53	a	a	DET
cjal-9190	81	54	bygone	bygone	ADJ
cjal-9190	81	55	era	era	NOUN
cjal-9190	81	56	.	.	PUNCT
cjal-9190	82	1	the	the	DET
cjal-9190	82	2	most	most	ADV
cjal-9190	82	3	recent	recent	ADJ
cjal-9190	82	4	statistics	statistic	NOUN
cjal-9190	82	5	on	on	ADP
cjal-9190	82	6	china	china	PROPN
cjal-9190	82	7	’s	’s	PART
cjal-9190	82	8	shareholder	shareholder	NOUN
cjal-9190	82	9	landscape	landscape	NOUN
cjal-9190	82	10	reveal	reveal	VERB
cjal-9190	82	11	that	that	SCONJ
cjal-9190	82	12	institutional	institutional	ADJ
cjal-9190	82	13	investors	investor	NOUN
cjal-9190	82	14	now	now	ADV
cjal-9190	82	15	hold	hold	VERB
cjal-9190	82	16	18.7	18.7	NUM
cjal-9190	82	17	%	%	NOUN
cjal-9190	82	18	of	of	ADP
cjal-9190	82	19	china	china	PROPN
cjal-9190	82	20	’s	’s	PART
cjal-9190	82	21	a	a	DET
cjal-9190	82	22	-	-	PUNCT
cjal-9190	82	23	shares	share	NOUN
cjal-9190	82	24	market	market	NOUN
cjal-9190	82	25	capitalization	capitalization	NOUN
cjal-9190	82	26	—	—	PUNCT
cjal-9190	82	27	almost	almost	ADV
cjal-9190	82	28	double	double	DET
cjal-9190	82	29	the	the	DET
cjal-9190	82	30	percentage	percentage	NOUN
cjal-9190	82	31	they	they	PRON
cjal-9190	82	32	held	hold	VERB
cjal-9190	82	33	in	in	ADP
cjal-9190	82	34	2014	2014	NUM
cjal-9190	82	35	and	and	CCONJ
cjal-9190	82	36	over	over	ADP
cjal-9190	82	37	ten	ten	NUM
cjal-9190	82	38	times	time	NOUN
cjal-9190	82	39	the	the	DET
cjal-9190	82	40	amount	amount	NOUN
cjal-9190	82	41	in	in	ADP
cjal-9190	82	42	2003.19	2003.19	NUM
cjal-9190	82	43	institutional	institutional	ADJ
cjal-9190	82	44	investors	investor	NOUN
cjal-9190	82	45	now	now	ADV
cjal-9190	82	46	account	account	VERB
cjal-9190	82	47	for	for	ADP
cjal-9190	82	48	almost	almost	ADV
cjal-9190	82	49	half	half	NOUN
cjal-9190	82	50	of	of	ADP
cjal-9190	82	51	the	the	DET
cjal-9190	82	52	free	free	ADJ
cjal-9190	82	53	float	float	NOUN
cjal-9190	82	54	of	of	ADP
cjal-9190	82	55	shares	share	NOUN
cjal-9190	82	56	in	in	ADP
cjal-9190	82	57	a	a	DET
cjal-9190	82	58	-	-	PUNCT
cjal-9190	82	59	shares	share	NOUN
cjal-9190	82	60	companies	company	NOUN
cjal-9190	82	61	,	,	PUNCT
cjal-9190	82	62	more	more	ADJ
cjal-9190	82	63	than	than	ADP
cjal-9190	82	64	a	a	DET
cjal-9190	82	65	ninefold	ninefold	ADJ
cjal-9190	82	66	increase	increase	NOUN
cjal-9190	82	67	since	since	SCONJ
cjal-9190	82	68	2007	2007	NUM
cjal-9190	82	69	—	—	PUNCT
cjal-9190	82	70	making	make	VERB
cjal-9190	82	71	institutional	institutional	ADJ
cjal-9190	82	72	investors	investor	NOUN
cjal-9190	82	73	china	china	PROPN
cjal-9190	82	74	’s	’s	PART
cjal-9190	82	75	most	most	ADV
cjal-9190	82	76	important	important	ADJ
cjal-9190	82	77	minority	minority	NOUN
cjal-9190	82	78	shareholders.20	shareholders.20	NOUN
cjal-9190	82	79	at	at	ADP
cjal-9190	82	80	the	the	DET
cjal-9190	82	81	end	end	NOUN
cjal-9190	82	82	of	of	ADP
cjal-9190	82	83	2019	2019	NUM
cjal-9190	82	84	,	,	PUNCT
cjal-9190	82	85	the	the	DET
cjal-9190	82	86	assets	asset	NOUN
cjal-9190	82	87	under	under	ADP
cjal-9190	82	88	management	management	NOUN
cjal-9190	82	89	by	by	ADP
cjal-9190	82	90	institutional	institutional	ADJ
cjal-9190	82	91	investors	investor	NOUN
cjal-9190	82	92	in	in	ADP
cjal-9190	82	93	china	china	PROPN
cjal-9190	82	94	reached	reach	VERB
cjal-9190	82	95	us$16	us$16	ADJ
cjal-9190	82	96	trillion	trillion	NUM
cjal-9190	82	97	—	—	PUNCT
cjal-9190	82	98	a	a	DET
cjal-9190	82	99	tenfold	tenfold	ADJ
cjal-9190	82	100	increase	increase	NOUN
cjal-9190	82	101	over	over	ADP
cjal-9190	82	102	the	the	DET
cjal-9190	82	103	past	past	ADJ
cjal-9190	82	104	10	10	NUM
cjal-9190	82	105	years	year	NOUN
cjal-9190	82	106	,	,	PUNCT
cjal-9190	82	107	making	make	VERB
cjal-9190	82	108	it	it	PRON
cjal-9190	82	109	the	the	DET
cjal-9190	82	110	world	world	NOUN
cjal-9190	82	111	’s	’s	PART
cjal-9190	82	112	most	most	ADV
cjal-9190	82	113	important	important	ADJ
cjal-9190	82	114	market	market	NOUN
cjal-9190	82	115	for	for	ADP
cjal-9190	82	116	growth	growth	NOUN
cjal-9190	82	117	in	in	ADP
cjal-9190	82	118	the	the	DET
cjal-9190	82	119	asset	asset	NOUN
cjal-9190	82	120	management	management	NOUN
cjal-9190	82	121	industry.21	industry.21	PROPN
cjal-9190	82	122	in	in	ADP
cjal-9190	82	123	2015	2015	NUM
cjal-9190	82	124	,	,	PUNCT
cjal-9190	82	125	the	the	DET
cjal-9190	82	126	government	government	NOUN
cjal-9190	82	127	made	make	VERB
cjal-9190	82	128	its	its	PRON
cjal-9190	82	129	controlling	control	VERB
cjal-9190	82	130	shareholder	shareholder	NOUN
cjal-9190	82	131	stakes	stake	NOUN
cjal-9190	82	132	in	in	ADP
cjal-9190	82	133	soes	soe	NOUN
cjal-9190	82	134	fully	fully	ADV
cjal-9190	82	135	tradable	tradable	ADJ
cjal-9190	82	136	and	and	CCONJ
cjal-9190	82	137	since	since	SCONJ
cjal-9190	82	138	then	then	ADV
cjal-9190	82	139	it	it	PRON
cjal-9190	82	140	has	have	AUX
cjal-9190	82	141	significantly	significantly	ADV
cjal-9190	82	142	decreased	decrease	VERB
cjal-9190	82	143	the	the	DET
cjal-9190	82	144	size	size	NOUN
cjal-9190	82	145	of	of	ADP
cjal-9190	82	146	its	its	PRON
cjal-9190	82	147	controlling	control	VERB
cjal-9190	82	148	shareholder	shareholder	NOUN
cjal-9190	82	149	blocks.22	blocks.22	NOUN
cjal-9190	82	150	in	in	ADP
cjal-9190	82	151	recent	recent	ADJ
cjal-9190	82	152	years	year	NOUN
cjal-9190	82	153	,	,	PUNCT
cjal-9190	82	154	the	the	DET
cjal-9190	82	155	caps	cap	NOUN
cjal-9190	82	156	on	on	ADP
cjal-9190	82	157	foreign	foreign	ADJ
cjal-9190	82	158	institutional	institutional	ADJ
cjal-9190	82	159	investors	investor	NOUN
cjal-9190	82	160	supra	supra	PROPN
cjal-9190	82	161	note	note	VERB
cjal-9190	82	162	6	6	NUM
cjal-9190	82	163	(	(	PUNCT
cjal-9190	82	164	when	when	SCONJ
cjal-9190	82	165	evaluating	evaluate	VERB
cjal-9190	82	166	the	the	DET
cjal-9190	82	167	corporate	corporate	ADJ
cjal-9190	82	168	governance	governance	NOUN
cjal-9190	82	169	of	of	ADP
cjal-9190	82	170	a	a	DET
cjal-9190	82	171	state	state	NOUN
cjal-9190	82	172	-	-	PUNCT
cjal-9190	82	173	owned	own	VERB
cjal-9190	82	174	enterprise	enterprise	NOUN
cjal-9190	82	175	vis	vis	X
cjal-9190	82	176	-	-	ADJ
cjal-9190	82	177	à	à	X
cjal-9190	82	178	-	-	PUNCT
cjal-9190	82	179	vis	vis	X
cjal-9190	82	180	the	the	DET
cjal-9190	82	181	state	state	NOUN
cjal-9190	82	182	,	,	PUNCT
cjal-9190	82	183	milhaupt	milhaupt	NOUN
cjal-9190	82	184	did	do	AUX
cjal-9190	82	185	not	not	PART
cjal-9190	82	186	consider	consider	VERB
cjal-9190	82	187	the	the	DET
cjal-9190	82	188	possibilities	possibility	NOUN
cjal-9190	82	189	of	of	ADP
cjal-9190	82	190	a	a	DET
cjal-9190	82	191	minority	minority	NOUN
cjal-9190	82	192	institutional	institutional	ADJ
cjal-9190	82	193	investor	investor	NOUN
cjal-9190	82	194	as	as	ADP
cjal-9190	82	195	a	a	DET
cjal-9190	82	196	check	check	NOUN
cjal-9190	82	197	on	on	ADP
cjal-9190	82	198	the	the	DET
cjal-9190	82	199	company	company	NOUN
cjal-9190	82	200	’s	’s	PART
cjal-9190	82	201	corporate	corporate	ADJ
cjal-9190	82	202	governance	governance	NOUN
cjal-9190	82	203	)	)	PUNCT
cjal-9190	82	204	;	;	PUNCT
cjal-9190	82	205	edward	edward	PROPN
cjal-9190	82	206	rock	rock	PROPN
cjal-9190	82	207	,	,	PUNCT
cjal-9190	82	208	institutional	institutional	ADJ
cjal-9190	82	209	investors	investor	NOUN
cjal-9190	82	210	in	in	ADP
cjal-9190	82	211	corporate	corporate	ADJ
cjal-9190	82	212	governance	governance	NOUN
cjal-9190	82	213	,	,	PUNCT
cjal-9190	82	214	in	in	ADP
cjal-9190	82	215	the	the	DET
cjal-9190	82	216	oxford	oxford	PROPN
cjal-9190	82	217	handbook	handbook	NOUN
cjal-9190	82	218	of	of	ADP
cjal-9190	82	219	corporate	corporate	ADJ
cjal-9190	82	220	law	law	NOUN
cjal-9190	82	221	and	and	CCONJ
cjal-9190	82	222	governance	governance	NOUN
cjal-9190	82	223	(	(	PUNCT
cjal-9190	82	224	jeffrey	jeffrey	PROPN
cjal-9190	82	225	n.	n.	PROPN
cjal-9190	82	226	gordon	gordon	PROPN
cjal-9190	82	227	&	&	CCONJ
cjal-9190	82	228	wolf	wolf	NOUN
cjal-9190	82	229	-	-	PUNCT
cjal-9190	82	230	georg	georg	NOUN
cjal-9190	82	231	ringe	ringe	NOUN
cjal-9190	82	232	eds	ed	NOUN
cjal-9190	82	233	.	.	PROPN
cjal-9190	82	234	,	,	PUNCT
cjal-9190	82	235	2018	2018	NUM
cjal-9190	82	236	)	)	PUNCT
cjal-9190	82	237	(	(	PUNCT
cjal-9190	82	238	when	when	SCONJ
cjal-9190	82	239	considering	consider	VERB
cjal-9190	82	240	the	the	DET
cjal-9190	82	241	role	role	NOUN
cjal-9190	82	242	of	of	ADP
cjal-9190	82	243	institutional	institutional	ADJ
cjal-9190	82	244	investors	investor	NOUN
cjal-9190	82	245	with	with	ADP
cjal-9190	82	246	regards	regard	NOUN
cjal-9190	82	247	to	to	ADP
cjal-9190	82	248	corporate	corporate	ADJ
cjal-9190	82	249	governance	governance	NOUN
cjal-9190	82	250	around	around	ADP
cjal-9190	82	251	the	the	DET
cjal-9190	82	252	world	world	NOUN
cjal-9190	82	253	,	,	PUNCT
cjal-9190	82	254	rock	rock	NOUN
cjal-9190	82	255	made	make	VERB
cjal-9190	82	256	no	no	DET
cjal-9190	82	257	mention	mention	NOUN
cjal-9190	82	258	of	of	ADP
cjal-9190	82	259	china	china	PROPN
cjal-9190	82	260	;	;	PUNCT
cjal-9190	82	261	it	it	PRON
cjal-9190	82	262	has	have	AUX
cjal-9190	82	263	completely	completely	ADV
cjal-9190	82	264	escaped	escape	VERB
cjal-9190	82	265	the	the	DET
cjal-9190	82	266	debate	debate	NOUN
cjal-9190	82	267	)	)	PUNCT
cjal-9190	82	268	.	.	PUNCT
cjal-9190	83	1	16	16	NUM
cjal-9190	83	2	see	see	VERB
cjal-9190	83	3	infra	infra	NOUN
cjal-9190	83	4	part	part	PROPN
cjal-9190	83	5	ii	ii	PROPN
cjal-9190	83	6	.	.	PROPN
cjal-9190	83	7	17	17	NUM
cjal-9190	83	8	shangshi	shangshi	VERB
cjal-9190	83	9	gongsi	gongsi	PROPN
cjal-9190	83	10	guquan	guquan	PROPN
cjal-9190	83	11	fenzhi	fenzhi	PROPN
cjal-9190	83	12	gaige	gaige	PROPN
cjal-9190	83	13	guanli	guanli	PROPN
cjal-9190	83	14	banfa	banfa	PROPN
cjal-9190	83	15	(	(	PUNCT
cjal-9190	83	16	上市公司股权分置改革	上市公司股权分置改革	NOUN
cjal-9190	83	17	管理办法	管理办法	VERB
cjal-9190	83	18	)	)	PUNCT
cjal-9190	84	1	[	[	X
cjal-9190	84	2	measures	measure	NOUN
cjal-9190	84	3	for	for	ADP
cjal-9190	84	4	the	the	DET
cjal-9190	84	5	administration	administration	NOUN
cjal-9190	84	6	of	of	ADP
cjal-9190	84	7	the	the	DET
cjal-9190	84	8	share	share	NOUN
cjal-9190	84	9	-	-	PUNCT
cjal-9190	84	10	trading	trading	NOUN
cjal-9190	84	11	reform	reform	NOUN
cjal-9190	84	12	of	of	ADP
cjal-9190	84	13	listed	list	VERB
cjal-9190	84	14	companies	company	NOUN
cjal-9190	84	15	]	]	PUNCT
cjal-9190	84	16	(	(	PUNCT
cjal-9190	84	17	promulgated	promulgate	VERB
cjal-9190	84	18	by	by	ADP
cjal-9190	84	19	china	china	PROPN
cjal-9190	84	20	securities	securities	PROPN
cjal-9190	84	21	regulatory	regulatory	PROPN
cjal-9190	84	22	commission	commission	PROPN
cjal-9190	84	23	(	(	PUNCT
cjal-9190	84	24	csrc	csrc	PROPN
cjal-9190	84	25	)	)	PUNCT
cjal-9190	84	26	.	.	PUNCT
cjal-9190	85	1	sept	sept	PROPN
cjal-9190	85	2	.	.	PROPN
cjal-9190	85	3	5	5	NUM
cjal-9190	85	4	,	,	PUNCT
cjal-9190	85	5	2005	2005	NUM
cjal-9190	85	6	)	)	PUNCT
cjal-9190	85	7	,	,	PUNCT
cjal-9190	85	8	available	available	ADJ
cjal-9190	85	9	at	at	ADP
cjal-9190	85	10	http://www.lawinfochina.com/display.aspx?lib=law&id=4552	http://www.lawinfochina.com/display.aspx?lib=law&id=4552	NOUN
cjal-9190	85	11	.	.	PROPN
cjal-9190	85	12	18	18	NUM
cjal-9190	85	13	see	see	NOUN
cjal-9190	85	14	infra	infra	NOUN
cjal-9190	85	15	part	part	PROPN
cjal-9190	85	16	ii	ii	PROPN
cjal-9190	85	17	.	.	PROPN
cjal-9190	85	18	19	19	NUM
cjal-9190	85	19	a	a	DET
cjal-9190	85	20	-	-	PUNCT
cjal-9190	85	21	shares	share	NOUN
cjal-9190	85	22	are	be	AUX
cjal-9190	85	23	the	the	DET
cjal-9190	85	24	shares	share	NOUN
cjal-9190	85	25	of	of	ADP
cjal-9190	85	26	listed	list	VERB
cjal-9190	85	27	companies	company	NOUN
cjal-9190	85	28	incorporated	incorporate	VERB
cjal-9190	85	29	in	in	ADP
cjal-9190	85	30	mainland	mainland	NOUN
cjal-9190	85	31	china	china	PROPN
cjal-9190	85	32	that	that	PRON
cjal-9190	85	33	trade	trade	VERB
cjal-9190	85	34	in	in	ADP
cjal-9190	85	35	rmbs	rmb	NOUN
cjal-9190	85	36	on	on	ADP
cjal-9190	85	37	the	the	DET
cjal-9190	85	38	two	two	NUM
cjal-9190	85	39	chinese	chinese	ADJ
cjal-9190	85	40	stock	stock	NOUN
cjal-9190	85	41	exchanges	exchange	NOUN
cjal-9190	85	42	,	,	PUNCT
cjal-9190	85	43	the	the	DET
cjal-9190	85	44	shanghai	shanghai	PROPN
cjal-9190	85	45	stock	stock	PROPN
cjal-9190	85	46	exchange	exchange	PROPN
cjal-9190	85	47	(	(	PUNCT
cjal-9190	85	48	sse	sse	PROPN
cjal-9190	85	49	)	)	PUNCT
cjal-9190	85	50	and	and	CCONJ
cjal-9190	85	51	the	the	DET
cjal-9190	85	52	shenzhen	shenzhen	PROPN
cjal-9190	85	53	stock	stock	PROPN
cjal-9190	85	54	exchange	exchange	PROPN
cjal-9190	85	55	(	(	PUNCT
cjal-9190	85	56	szse	szse	NOUN
cjal-9190	85	57	)	)	PUNCT
cjal-9190	85	58	.	.	PUNCT
cjal-9190	86	1	an	an	DET
cjal-9190	86	2	“	"	PUNCT
cjal-9190	86	3	a	a	DET
cjal-9190	86	4	-	-	PUNCT
cjal-9190	86	5	shares	share	NOUN
cjal-9190	86	6	company	company	NOUN
cjal-9190	86	7	”	"	PUNCT
cjal-9190	86	8	refers	refer	VERB
cjal-9190	86	9	to	to	ADP
cjal-9190	86	10	a	a	DET
cjal-9190	86	11	company	company	NOUN
cjal-9190	86	12	listed	list	VERB
cjal-9190	86	13	on	on	ADP
cjal-9190	86	14	the	the	DET
cjal-9190	86	15	sse	sse	NOUN
cjal-9190	86	16	or	or	CCONJ
cjal-9190	86	17	the	the	DET
cjal-9190	86	18	szse	szse	NOUN
cjal-9190	86	19	.	.	PUNCT
cjal-9190	87	1	see	see	VERB
cjal-9190	87	2	infra	infra	NOUN
cjal-9190	87	3	part	part	PROPN
cjal-9190	87	4	ii	ii	PROPN
cjal-9190	87	5	.	.	PROPN
cjal-9190	87	6	20	20	NUM
cjal-9190	87	7	see	see	VERB
cjal-9190	87	8	infra	infra	NOUN
cjal-9190	87	9	part	part	PROPN
cjal-9190	87	10	ii	ii	PROPN
cjal-9190	87	11	.	.	PROPN
cjal-9190	87	12	21	21	NUM
cjal-9190	87	13	world	world	PROPN
cjal-9190	87	14	economic	economic	PROPN
cjal-9190	87	15	forum	forum	PROPN
cjal-9190	87	16	,	,	PUNCT
cjal-9190	87	17	china	china	PROPN
cjal-9190	87	18	asset	asset	NOUN
cjal-9190	87	19	management	management	NOUN
cjal-9190	87	20	at	at	ADP
cjal-9190	87	21	an	an	DET
cjal-9190	87	22	inflection	inflection	NOUN
cjal-9190	87	23	point	point	NOUN
cjal-9190	87	24	,	,	PUNCT
cjal-9190	87	25	at	at	ADP
cjal-9190	87	26	5	5	NUM
cjal-9190	87	27	(	(	PUNCT
cjal-9190	87	28	july	july	PROPN
cjal-9190	87	29	2020	2020	NUM
cjal-9190	87	30	)	)	PUNCT
cjal-9190	87	31	,	,	PUNCT
cjal-9190	87	32	http://www3.weforum.org/docs/wef_ir_china_asset_management_2020.pdf	http://www3.weforum.org/docs/wef_ir_china_asset_management_2020.pdf	PROPN
cjal-9190	88	1	[	[	X
cjal-9190	88	2	hereinafter	hereinafter	NOUN
cjal-9190	88	3	wef	wef	PROPN
cjal-9190	88	4	report	report	PROPN
cjal-9190	88	5	]	]	X
cjal-9190	88	6	.	.	PUNCT
cjal-9190	89	1	22	22	NUM
cjal-9190	89	2	wang	wang	PROPN
cjal-9190	89	3	&	&	CCONJ
cjal-9190	89	4	tan	tan	PROPN
cjal-9190	89	5	,	,	PUNCT
cjal-9190	89	6	supra	supra	PROPN
cjal-9190	89	7	note	note	NOUN
cjal-9190	89	8	10	10	NUM
cjal-9190	89	9	,	,	PUNCT
cjal-9190	89	10	at	at	ADP
cjal-9190	89	11	1065	1065	NUM
cjal-9190	89	12	.	.	PUNCT
cjal-9190	90	1	2022	2022	NUM
cjal-9190	90	2	]	]	PUNCT
cjal-9190	90	3	columbia	columbia	PROPN
cjal-9190	90	4	journal	journal	PROPN
cjal-9190	90	5	of	of	ADP
cjal-9190	90	6	asian	asian	ADJ
cjal-9190	90	7	law	law	PROPN
cjal-9190	90	8	81	81	NUM
cjal-9190	90	9	have	have	AUX
cjal-9190	90	10	been	be	AUX
cjal-9190	90	11	progressively	progressively	ADV
cjal-9190	90	12	raised	raise	VERB
cjal-9190	90	13	and	and	CCONJ
cjal-9190	90	14	were	be	AUX
cjal-9190	90	15	largely	largely	ADV
cjal-9190	90	16	abolished	abolish	VERB
cjal-9190	90	17	in	in	ADP
cjal-9190	90	18	2020.23	2020.23	NUM
cjal-9190	90	19	this	this	PRON
cjal-9190	90	20	now	now	ADV
cjal-9190	90	21	makes	make	VERB
cjal-9190	90	22	any	any	DET
cjal-9190	90	23	analysis	analysis	NOUN
cjal-9190	90	24	of	of	ADP
cjal-9190	90	25	chinese	chinese	ADJ
cjal-9190	90	26	corporate	corporate	ADJ
cjal-9190	90	27	governance	governance	NOUN
cjal-9190	90	28	that	that	PRON
cjal-9190	90	29	does	do	AUX
cjal-9190	90	30	not	not	PART
cjal-9190	90	31	consider	consider	VERB
cjal-9190	90	32	institutional	institutional	ADJ
cjal-9190	90	33	investors	investor	NOUN
cjal-9190	90	34	incomplete	incomplete	ADJ
cjal-9190	90	35	.	.	PUNCT
cjal-9190	91	1	considering	consider	VERB
cjal-9190	91	2	these	these	DET
cjal-9190	91	3	watershed	watershe	VERB
cjal-9190	91	4	developments	development	NOUN
cjal-9190	91	5	,	,	PUNCT
cjal-9190	91	6	it	it	PRON
cjal-9190	91	7	is	be	AUX
cjal-9190	91	8	surprising	surprising	ADJ
cjal-9190	91	9	that	that	SCONJ
cjal-9190	91	10	the	the	DET
cjal-9190	91	11	legal	legal	ADJ
cjal-9190	91	12	literature	literature	NOUN
cjal-9190	91	13	lacks	lack	VERB
cjal-9190	91	14	a	a	DET
cjal-9190	91	15	recent	recent	ADJ
cjal-9190	91	16	description	description	NOUN
cjal-9190	91	17	of	of	ADP
cjal-9190	91	18	who	who	PRON
cjal-9190	91	19	china	china	PROPN
cjal-9190	91	20	’s	’s	PART
cjal-9190	91	21	institutional	institutional	ADJ
cjal-9190	91	22	investors	investor	NOUN
cjal-9190	91	23	are	be	AUX
cjal-9190	91	24	,	,	PUNCT
cjal-9190	91	25	how	how	SCONJ
cjal-9190	91	26	they	they	PRON
cjal-9190	91	27	are	be	AUX
cjal-9190	91	28	regulated	regulate	VERB
cjal-9190	91	29	,	,	PUNCT
cjal-9190	91	30	and	and	CCONJ
cjal-9190	91	31	what	what	DET
cjal-9190	91	32	impact	impact	NOUN
cjal-9190	91	33	they	they	PRON
cjal-9190	91	34	have	have	VERB
cjal-9190	91	35	on	on	ADP
cjal-9190	91	36	chinese	chinese	ADJ
cjal-9190	91	37	corporate	corporate	ADJ
cjal-9190	91	38	governance.24	governance.24	NOUN
cjal-9190	91	39	this	this	DET
cjal-9190	91	40	gap	gap	NOUN
cjal-9190	91	41	in	in	ADP
cjal-9190	91	42	the	the	DET
cjal-9190	91	43	literature	literature	NOUN
cjal-9190	91	44	is	be	AUX
cjal-9190	91	45	especially	especially	ADV
cjal-9190	91	46	surprising	surprising	ADJ
cjal-9190	91	47	as	as	SCONJ
cjal-9190	91	48	the	the	DET
cjal-9190	91	49	role	role	NOUN
cjal-9190	91	50	of	of	ADP
cjal-9190	91	51	institutional	institutional	ADJ
cjal-9190	91	52	investors	investor	NOUN
cjal-9190	91	53	in	in	ADP
cjal-9190	91	54	corporate	corporate	ADJ
cjal-9190	91	55	governance	governance	NOUN
cjal-9190	91	56	is	be	AUX
cjal-9190	91	57	a	a	DET
cjal-9190	91	58	primary	primary	ADJ
cjal-9190	91	59	focus	focus	NOUN
cjal-9190	91	60	of	of	ADP
cjal-9190	91	61	several	several	ADJ
cjal-9190	91	62	of	of	ADP
cjal-9190	91	63	the	the	DET
cjal-9190	91	64	world	world	NOUN
cjal-9190	91	65	’s	’s	PART
cjal-9190	91	66	leading	lead	VERB
cjal-9190	91	67	corporate	corporate	ADJ
cjal-9190	91	68	law	law	NOUN
cjal-9190	91	69	scholars.25	scholars.25	NOUN
cjal-9190	91	70	this	this	DET
cjal-9190	91	71	article	article	NOUN
cjal-9190	91	72	aims	aim	VERB
cjal-9190	91	73	to	to	PART
cjal-9190	91	74	take	take	VERB
cjal-9190	91	75	the	the	DET
cjal-9190	91	76	first	first	ADJ
cjal-9190	91	77	step	step	NOUN
cjal-9190	91	78	in	in	ADP
cjal-9190	91	79	addressing	address	VERB
cjal-9190	91	80	this	this	DET
cjal-9190	91	81	conspicuous	conspicuous	ADJ
cjal-9190	91	82	gap	gap	NOUN
cjal-9190	91	83	in	in	ADP
cjal-9190	91	84	the	the	DET
cjal-9190	91	85	literature	literature	NOUN
cjal-9190	91	86	.	.	PUNCT
cjal-9190	92	1	23	23	NUM
cjal-9190	92	2	state	state	NOUN
cjal-9190	92	3	administration	administration	NOUN
cjal-9190	92	4	of	of	ADP
cjal-9190	92	5	foreign	foreign	ADJ
cjal-9190	92	6	exchange	exchange	NOUN
cjal-9190	92	7	(	(	PUNCT
cjal-9190	92	8	safe	safe	ADJ
cjal-9190	92	9	)	)	PUNCT
cjal-9190	92	10	,	,	PUNCT
cjal-9190	92	11	pboc	pboc	NOUN
cjal-9190	92	12	&	&	CCONJ
cjal-9190	92	13	safe	safe	ADJ
cjal-9190	92	14	remove	remove	VERB
cjal-9190	92	15	qfii	qfii	ADJ
cjal-9190	92	16	/	/	SYM
cjal-9190	92	17	rqfii	rqfii	NOUN
cjal-9190	92	18	investment	investment	NOUN
cjal-9190	92	19	quotas	quota	NOUN
cjal-9190	92	20	and	and	CCONJ
cjal-9190	92	21	promote	promote	VERB
cjal-9190	92	22	further	further	ADJ
cjal-9190	92	23	opening	opening	NOUN
cjal-9190	92	24	-	-	PUNCT
cjal-9190	92	25	up	up	NOUN
cjal-9190	92	26	of	of	ADP
cjal-9190	92	27	china	china	PROPN
cjal-9190	92	28	's	's	PART
cjal-9190	92	29	financial	financial	ADJ
cjal-9190	92	30	market	market	NOUN
cjal-9190	92	31	(	(	PUNCT
cjal-9190	92	32	may	may	PROPN
cjal-9190	92	33	7	7	NUM
cjal-9190	92	34	,	,	PUNCT
cjal-9190	92	35	2020	2020	NUM
cjal-9190	92	36	)	)	PUNCT
cjal-9190	92	37	,	,	PUNCT
cjal-9190	92	38	https://www.safe.gov.cn/en/2020/0507/1677.html	https://www.safe.gov.cn/en/2020/0507/1677.html	X
cjal-9190	92	39	.	.	PUNCT
cjal-9190	93	1	with	with	ADP
cjal-9190	93	2	chinese	chinese	ADJ
cjal-9190	93	3	a	a	PROPN
cjal-9190	93	4	-	-	PUNCT
cjal-9190	93	5	shares	share	NOUN
cjal-9190	93	6	becoming	become	VERB
cjal-9190	93	7	a	a	DET
cjal-9190	93	8	part	part	NOUN
cjal-9190	93	9	of	of	ADP
cjal-9190	93	10	the	the	DET
cjal-9190	93	11	msci	msci	NOUN
cjal-9190	93	12	emerging	emerge	VERB
cjal-9190	93	13	markets	market	NOUN
cjal-9190	93	14	index	index	NOUN
cjal-9190	93	15	in	in	ADP
cjal-9190	93	16	2018	2018	NUM
cjal-9190	93	17	(	(	PUNCT
cjal-9190	93	18	msci	msci	PROPN
cjal-9190	93	19	emi	emi	PROPN
cjal-9190	93	20	)	)	PUNCT
cjal-9190	93	21	and	and	CCONJ
cjal-9190	93	22	a	a	DET
cjal-9190	93	23	significant	significant	ADJ
cjal-9190	93	24	increase	increase	NOUN
cjal-9190	93	25	in	in	ADP
cjal-9190	93	26	their	their	PRON
cjal-9190	93	27	weightage	weightage	NOUN
cjal-9190	93	28	in	in	ADP
cjal-9190	93	29	the	the	DET
cjal-9190	93	30	msci	msci	PROPN
cjal-9190	93	31	emi	emi	PROPN
cjal-9190	93	32	in	in	ADP
cjal-9190	93	33	2019	2019	NUM
cjal-9190	93	34	,	,	PUNCT
cjal-9190	93	35	it	it	PRON
cjal-9190	93	36	seems	seem	VERB
cjal-9190	93	37	likely	likely	ADJ
cjal-9190	93	38	that	that	SCONJ
cjal-9190	93	39	there	there	PRON
cjal-9190	93	40	will	will	AUX
cjal-9190	93	41	be	be	AUX
cjal-9190	93	42	a	a	DET
cjal-9190	93	43	marked	mark	VERB
cjal-9190	93	44	increase	increase	NOUN
cjal-9190	93	45	in	in	ADP
cjal-9190	93	46	shareholdings	shareholding	NOUN
cjal-9190	93	47	by	by	ADP
cjal-9190	93	48	foreign	foreign	ADJ
cjal-9190	93	49	institutional	institutional	ADJ
cjal-9190	93	50	investors	investor	NOUN
cjal-9190	93	51	(	(	PUNCT
cjal-9190	93	52	zhen	zhen	PROPN
cjal-9190	93	53	wei	wei	PROPN
cjal-9190	93	54	,	,	PUNCT
cjal-9190	93	55	emerging	emerge	VERB
cjal-9190	93	56	markets	market	NOUN
cjal-9190	93	57	since	since	SCONJ
cjal-9190	93	58	china	china	PROPN
cjal-9190	93	59	a	a	DET
cjal-9190	93	60	shares	share	NOUN
cjal-9190	93	61	’	'	PUNCT
cjal-9190	93	62	inclusion	inclusion	NOUN
cjal-9190	93	63	,	,	PUNCT
cjal-9190	93	64	msci	msci	PROPN
cjal-9190	93	65	(	(	PUNCT
cjal-9190	93	66	dec	dec	PROPN
cjal-9190	93	67	.	.	PROPN
cjal-9190	93	68	5	5	NUM
cjal-9190	93	69	,	,	PUNCT
cjal-9190	93	70	2020	2020	NUM
cjal-9190	93	71	)	)	PUNCT
cjal-9190	93	72	,	,	PUNCT
cjal-9190	93	73	https://www.msci.com/www/blog-posts/emergingmarkets-since-china-a/01662775315	https://www.msci.com/www/blog-posts/emergingmarkets-since-china-a/01662775315	NOUN
cjal-9190	93	74	)	)	PUNCT
cjal-9190	93	75	.	.	PUNCT
cjal-9190	94	1	although	although	SCONJ
cjal-9190	94	2	recent	recent	ADJ
cjal-9190	94	3	political	political	ADJ
cjal-9190	94	4	tensions	tension	NOUN
cjal-9190	94	5	with	with	ADP
cjal-9190	94	6	the	the	DET
cjal-9190	94	7	united	united	PROPN
cjal-9190	94	8	states	states	PROPN
cjal-9190	94	9	have	have	AUX
cjal-9190	94	10	caused	cause	VERB
cjal-9190	94	11	some	some	DET
cjal-9190	94	12	chinese	chinese	ADJ
cjal-9190	94	13	companies	company	NOUN
cjal-9190	94	14	to	to	PART
cjal-9190	94	15	be	be	AUX
cjal-9190	94	16	removed	remove	VERB
cjal-9190	94	17	from	from	ADP
cjal-9190	94	18	the	the	DET
cjal-9190	94	19	msci	msci	PROPN
cjal-9190	94	20	emi	emi	PROPN
cjal-9190	94	21	due	due	ADP
cjal-9190	94	22	to	to	ADP
cjal-9190	94	23	their	their	PRON
cjal-9190	94	24	alleged	allege	VERB
cjal-9190	94	25	connection	connection	NOUN
cjal-9190	94	26	with	with	ADP
cjal-9190	94	27	the	the	DET
cjal-9190	94	28	chinese	chinese	ADJ
cjal-9190	94	29	government	government	NOUN
cjal-9190	94	30	,	,	PUNCT
cjal-9190	94	31	an	an	DET
cjal-9190	94	32	increase	increase	NOUN
cjal-9190	94	33	in	in	ADP
cjal-9190	94	34	the	the	DET
cjal-9190	94	35	amount	amount	NOUN
cjal-9190	94	36	of	of	ADP
cjal-9190	94	37	foreign	foreign	ADJ
cjal-9190	94	38	institutional	institutional	ADJ
cjal-9190	94	39	investment	investment	NOUN
cjal-9190	94	40	in	in	ADP
cjal-9190	94	41	china	china	PROPN
cjal-9190	94	42	’s	’s	PART
cjal-9190	94	43	stock	stock	NOUN
cjal-9190	94	44	markets	market	NOUN
cjal-9190	94	45	still	still	ADV
cjal-9190	94	46	seems	seem	VERB
cjal-9190	94	47	likely	likely	ADJ
cjal-9190	94	48	.	.	PUNCT
cjal-9190	95	1	in	in	ADP
cjal-9190	95	2	2020	2020	NUM
cjal-9190	95	3	,	,	PUNCT
cjal-9190	95	4	2019	2019	NUM
cjal-9190	95	5	and	and	CCONJ
cjal-9190	95	6	2018	2018	NUM
cjal-9190	95	7	,	,	PUNCT
cjal-9190	95	8	csrc	csrc	NOUN
cjal-9190	95	9	approved	approve	VERB
cjal-9190	95	10	71	71	NUM
cjal-9190	95	11	,	,	PUNCT
cjal-9190	95	12	20	20	NUM
cjal-9190	95	13	and	and	CCONJ
cjal-9190	95	14	18	18	NUM
cjal-9190	95	15	foreign	foreign	ADJ
cjal-9190	95	16	institutional	institutional	ADJ
cjal-9190	95	17	investors	investor	NOUN
cjal-9190	95	18	’	'	PUNCT
cjal-9190	95	19	application	application	NOUN
cjal-9190	95	20	for	for	ADP
cjal-9190	95	21	qfiis	qfiis	NOUN
cjal-9190	95	22	.	.	PUNCT
cjal-9190	96	1	in	in	ADP
cjal-9190	96	2	2019	2019	NUM
cjal-9190	96	3	,	,	PUNCT
cjal-9190	96	4	csrc	csrc	NOUN
cjal-9190	96	5	approved	approve	VERB
cjal-9190	96	6	20	20	NUM
cjal-9190	96	7	foreign	foreign	ADJ
cjal-9190	96	8	institutional	institutional	ADJ
cjal-9190	96	9	investors	investor	NOUN
cjal-9190	96	10	as	as	ADP
cjal-9190	96	11	qfiis	qfiis	NOUN
cjal-9190	96	12	respectively	respectively	ADV
cjal-9190	96	13	,	,	PUNCT
cjal-9190	96	14	indicating	indicate	VERB
cjal-9190	96	15	a	a	DET
cjal-9190	96	16	more	more	ADV
cjal-9190	96	17	relaxed	relaxed	ADJ
cjal-9190	96	18	approach	approach	NOUN
cjal-9190	96	19	towards	towards	ADP
cjal-9190	96	20	qfiis	qfiis	NOUN
cjal-9190	96	21	.	.	PUNCT
cjal-9190	97	1	full	full	ADJ
cjal-9190	97	2	list	list	NOUN
cjal-9190	97	3	of	of	ADP
cjal-9190	97	4	qfiis	qfiis	NOUN
cjal-9190	97	5	is	be	AUX
cjal-9190	97	6	available	available	ADJ
cjal-9190	97	7	at	at	ADP
cjal-9190	97	8	:	:	PUNCT
cjal-9190	97	9	http://www.csrc.gov.cn/pub/zjhpublic/g00306205/201511/t20151106_286098.htm	http://www.csrc.gov.cn/pub/zjhpublic/g00306205/201511/t20151106_286098.htm	PROPN
cjal-9190	97	10	.	.	PROPN
cjal-9190	98	1	24	24	NUM
cjal-9190	98	2	the	the	DET
cjal-9190	98	3	latest	late	ADJ
cjal-9190	98	4	significant	significant	ADJ
cjal-9190	98	5	article	article	NOUN
cjal-9190	98	6	on	on	ADP
cjal-9190	98	7	institutional	institutional	ADJ
cjal-9190	98	8	investor	investor	NOUN
cjal-9190	98	9	activism	activism	NOUN
cjal-9190	98	10	in	in	ADP
cjal-9190	98	11	china	china	PROPN
cjal-9190	98	12	in	in	ADP
cjal-9190	98	13	the	the	DET
cjal-9190	98	14	legal	legal	ADJ
cjal-9190	98	15	literature	literature	NOUN
cjal-9190	98	16	was	be	AUX
cjal-9190	98	17	15	15	NUM
cjal-9190	98	18	years	year	NOUN
cjal-9190	98	19	ago	ago	ADV
cjal-9190	98	20	,	,	PUNCT
cjal-9190	98	21	see	see	VERB
cjal-9190	98	22	chao	chao	PROPN
cjal-9190	98	23	xi	xi	PROPN
cjal-9190	98	24	,	,	PUNCT
cjal-9190	98	25	institutional	institutional	ADJ
cjal-9190	98	26	shareholder	shareholder	NOUN
cjal-9190	98	27	activism	activism	NOUN
cjal-9190	98	28	in	in	ADP
cjal-9190	98	29	china	china	PROPN
cjal-9190	98	30	:	:	PUNCT
cjal-9190	98	31	law	law	NOUN
cjal-9190	98	32	and	and	CCONJ
cjal-9190	98	33	practice	practice	NOUN
cjal-9190	98	34	,	,	PUNCT
cjal-9190	98	35	17	17	NUM
cjal-9190	98	36	int’l	int’l	NUM
cjal-9190	98	37	co.	co.	PROPN
cjal-9190	98	38	&	&	CCONJ
cjal-9190	98	39	com	com	PROPN
cjal-9190	98	40	.	.	PROPN
cjal-9190	98	41	l.	l.	PROPN
cjal-9190	98	42	rev	rev	PROPN
cjal-9190	98	43	.	.	PROPN
cjal-9190	98	44	251	251	NUM
cjal-9190	98	45	(	(	PUNCT
cjal-9190	98	46	2006	2006	NUM
cjal-9190	98	47	)	)	PUNCT
cjal-9190	98	48	.	.	PUNCT
cjal-9190	99	1	robin	robin	PROPN
cjal-9190	99	2	hui	hui	PROPN
cjal-9190	99	3	huang	huang	PROPN
cjal-9190	99	4	has	have	AUX
cjal-9190	99	5	explained	explain	VERB
cjal-9190	99	6	why	why	SCONJ
cjal-9190	99	7	institutional	institutional	ADJ
cjal-9190	99	8	investors	investor	NOUN
cjal-9190	99	9	did	do	AUX
cjal-9190	99	10	not	not	PART
cjal-9190	99	11	perform	perform	VERB
cjal-9190	99	12	the	the	DET
cjal-9190	99	13	role	role	NOUN
cjal-9190	99	14	of	of	ADP
cjal-9190	99	15	lead	lead	ADJ
cjal-9190	99	16	plaintiffs	plaintiff	NOUN
cjal-9190	99	17	in	in	ADP
cjal-9190	99	18	chinese	chinese	ADJ
cjal-9190	99	19	-	-	PUNCT
cjal-9190	99	20	style	style	NOUN
cjal-9190	99	21	securities	security	NOUN
cjal-9190	99	22	class	class	NOUN
cjal-9190	99	23	action	action	NOUN
cjal-9190	99	24	,	,	PUNCT
cjal-9190	99	25	see	see	VERB
cjal-9190	99	26	robin	robin	PROPN
cjal-9190	99	27	hui	hui	PROPN
cjal-9190	99	28	huang	huang	PROPN
cjal-9190	99	29	,	,	PUNCT
cjal-9190	99	30	private	private	ADJ
cjal-9190	99	31	enforcement	enforcement	NOUN
cjal-9190	99	32	of	of	ADP
cjal-9190	99	33	securities	security	NOUN
cjal-9190	99	34	law	law	NOUN
cjal-9190	99	35	in	in	ADP
cjal-9190	99	36	china	china	PROPN
cjal-9190	99	37	:	:	PUNCT
cjal-9190	99	38	a	a	DET
cjal-9190	99	39	ten	ten	NUM
cjal-9190	99	40	-	-	PUNCT
cjal-9190	99	41	year	year	NOUN
cjal-9190	99	42	retrospective	retrospective	ADJ
cjal-9190	99	43	and	and	CCONJ
cjal-9190	99	44	empirical	empirical	ADJ
cjal-9190	99	45	assessment	assessment	NOUN
cjal-9190	99	46	,	,	PUNCT
cjal-9190	99	47	61	61	NUM
cjal-9190	99	48	am	am	NOUN
cjal-9190	99	49	.	.	PUNCT
cjal-9190	100	1	j.	j.	PROPN
cjal-9190	100	2	comp	comp	PROPN
cjal-9190	100	3	.	.	PUNCT
cjal-9190	101	1	l.	l.	PROPN
cjal-9190	101	2	757	757	PROPN
cjal-9190	101	3	,	,	PUNCT
cjal-9190	101	4	787	787	NUM
cjal-9190	101	5	-	-	SYM
cjal-9190	101	6	89	89	NUM
cjal-9190	101	7	(	(	PUNCT
cjal-9190	101	8	2013	2013	NUM
cjal-9190	101	9	)	)	PUNCT
cjal-9190	101	10	.	.	PUNCT
cjal-9190	102	1	recently	recently	ADV
cjal-9190	102	2	,	,	PUNCT
cjal-9190	102	3	guo	guo	PROPN
cjal-9190	102	4	li	li	PROPN
cjal-9190	102	5	and	and	CCONJ
cjal-9190	102	6	zhao	zhao	PROPN
cjal-9190	102	7	yijun	yijun	PROPN
cjal-9190	102	8	have	have	AUX
cjal-9190	102	9	published	publish	VERB
cjal-9190	102	10	an	an	DET
cjal-9190	102	11	article	article	NOUN
cjal-9190	102	12	relating	relate	VERB
cjal-9190	102	13	to	to	ADP
cjal-9190	102	14	institutional	institutional	ADJ
cjal-9190	102	15	investors	investor	NOUN
cjal-9190	102	16	,	,	PUNCT
cjal-9190	102	17	which	which	PRON
cjal-9190	102	18	focused	focus	VERB
cjal-9190	102	19	more	more	ADV
cjal-9190	102	20	on	on	ADP
cjal-9190	102	21	the	the	DET
cjal-9190	102	22	us	us	PROPN
cjal-9190	102	23	and	and	CCONJ
cjal-9190	102	24	eu	eu	PROPN
cjal-9190	102	25	experience	experience	NOUN
cjal-9190	102	26	,	,	PUNCT
cjal-9190	102	27	but	but	CCONJ
cjal-9190	102	28	less	less	ADJ
cjal-9190	102	29	on	on	ADP
cjal-9190	102	30	the	the	DET
cjal-9190	102	31	description	description	NOUN
cjal-9190	102	32	of	of	ADP
cjal-9190	102	33	china	china	PROPN
cjal-9190	102	34	’s	’s	PART
cjal-9190	102	35	situation	situation	NOUN
cjal-9190	102	36	,	,	PUNCT
cjal-9190	102	37	see	see	VERB
cjal-9190	102	38	guo	guo	PROPN
cjal-9190	102	39	li	li	PROPN
cjal-9190	102	40	&	&	CCONJ
cjal-9190	102	41	zhao	zhao	PROPN
cjal-9190	102	42	yijun	yijun	PROPN
cjal-9190	102	43	,	,	PUNCT
cjal-9190	102	44	the	the	DET
cjal-9190	102	45	regulation	regulation	NOUN
cjal-9190	102	46	of	of	ADP
cjal-9190	102	47	proxy	proxy	ADJ
cjal-9190	102	48	advisors	advisor	NOUN
cjal-9190	102	49	:	:	PUNCT
cjal-9190	102	50	experiments	experiment	NOUN
cjal-9190	102	51	and	and	CCONJ
cjal-9190	102	52	lessons	lesson	NOUN
cjal-9190	102	53	from	from	ADP
cjal-9190	102	54	the	the	DET
cjal-9190	102	55	us	us	PROPN
cjal-9190	102	56	and	and	CCONJ
cjal-9190	102	57	the	the	DET
cjal-9190	102	58	eu	eu	PROPN
cjal-9190	102	59	(	(	PUNCT
cjal-9190	102	60	机构投资者投票顾问的法律规制	机构投资者投票顾问的法律规制	NOUN
cjal-9190	102	61	——	——	PUNCT
cjal-9190	102	62	美国与欧盟的探索及借	美国与欧盟的探索及借	NOUN
cjal-9190	102	63	鉴	鉴	NOUN
cjal-9190	102	64	)	)	PUNCT
cjal-9190	102	65	,	,	PUNCT
cjal-9190	102	66	1	1	NUM
cjal-9190	102	67	j.	j.	PROPN
cjal-9190	102	68	compar	compar	PROPN
cjal-9190	102	69	.	.	PUNCT
cjal-9190	103	1	l.	l.	PROPN
cjal-9190	103	2	(	(	PUNCT
cjal-9190	103	3	比较法研究	比较法研究	NOUN
cjal-9190	103	4	)	)	PUNCT
cjal-9190	103	5	152	152	NUM
cjal-9190	103	6	(	(	PUNCT
cjal-9190	103	7	2019	2019	NUM
cjal-9190	103	8	)	)	PUNCT
cjal-9190	103	9	.	.	PUNCT
cjal-9190	104	1	25	25	NUM
cjal-9190	104	2	see	see	VERB
cjal-9190	104	3	,	,	PUNCT
cjal-9190	104	4	e.g.	e.g.	ADV
cjal-9190	104	5	,	,	PUNCT
cjal-9190	104	6	lucian	lucian	PROPN
cjal-9190	104	7	a.	a.	PROPN
cjal-9190	104	8	bebchuk	bebchuk	PROPN
cjal-9190	104	9	et	et	PROPN
cjal-9190	104	10	al	al	PROPN
cjal-9190	104	11	.	.	PROPN
cjal-9190	104	12	,	,	PUNCT
cjal-9190	104	13	the	the	DET
cjal-9190	104	14	agency	agency	NOUN
cjal-9190	104	15	problems	problem	NOUN
cjal-9190	104	16	of	of	ADP
cjal-9190	104	17	institutional	institutional	ADJ
cjal-9190	104	18	investors	investor	NOUN
cjal-9190	104	19	,	,	PUNCT
cjal-9190	104	20	31	31	NUM
cjal-9190	104	21	j.	j.	PROPN
cjal-9190	104	22	econ	econ	PROPN
cjal-9190	104	23	.	.	PUNCT
cjal-9190	105	1	persp	persp	PROPN
cjal-9190	105	2	.	.	PUNCT
cjal-9190	106	1	89	89	NUM
cjal-9190	106	2	,	,	PUNCT
cjal-9190	106	3	92–93	92–93	NUM
cjal-9190	106	4	(	(	PUNCT
cjal-9190	106	5	2017	2017	NUM
cjal-9190	106	6	)	)	PUNCT
cjal-9190	106	7	;	;	PUNCT
cjal-9190	107	1	john	john	PROPN
cjal-9190	107	2	c.	c.	PROPN
cjal-9190	107	3	coates	coates	PROPN
cjal-9190	107	4	,	,	PUNCT
cjal-9190	107	5	iv	iv	NUM
cjal-9190	107	6	,	,	PUNCT
cjal-9190	107	7	the	the	DET
cjal-9190	107	8	future	future	NOUN
cjal-9190	107	9	of	of	ADP
cjal-9190	107	10	corporate	corporate	ADJ
cjal-9190	107	11	governance	governance	NOUN
cjal-9190	107	12	part	part	NOUN
cjal-9190	108	1	i	i	PRON
cjal-9190	108	2	:	:	PUNCT
cjal-9190	108	3	the	the	DET
cjal-9190	108	4	problem	problem	NOUN
cjal-9190	108	5	of	of	ADP
cjal-9190	108	6	twelve	twelve	NUM
cjal-9190	108	7	,	,	PUNCT
cjal-9190	108	8	2–5	2–5	PROPN
cjal-9190	108	9	(	(	PUNCT
cjal-9190	108	10	harv	harv	PROPN
cjal-9190	108	11	.	.	PUNCT
cjal-9190	109	1	public	public	ADJ
cjal-9190	109	2	law	law	NOUN
cjal-9190	109	3	working	working	NOUN
cjal-9190	109	4	paper	paper	NOUN
cjal-9190	109	5	no	no	INTJ
cjal-9190	109	6	.	.	PUNCT
cjal-9190	110	1	19–07	19–07	NUM
cjal-9190	110	2	,	,	PUNCT
cjal-9190	110	3	2019	2019	NUM
cjal-9190	110	4	)	)	PUNCT
cjal-9190	111	1	;	;	PUNCT
cjal-9190	111	2	jill	jill	PROPN
cjal-9190	111	3	fisch	fisch	PROPN
cjal-9190	111	4	,	,	PUNCT
cjal-9190	111	5	the	the	DET
cjal-9190	111	6	uncertain	uncertain	ADJ
cjal-9190	111	7	stewardship	stewardship	NOUN
cjal-9190	111	8	potential	potential	NOUN
cjal-9190	111	9	of	of	ADP
cjal-9190	111	10	index	index	NOUN
cjal-9190	111	11	funds	fund	NOUN
cjal-9190	111	12	,	,	PUNCT
cjal-9190	111	13	in	in	ADP
cjal-9190	111	14	global	global	ADJ
cjal-9190	111	15	shareholder	shareholder	NOUN
cjal-9190	111	16	stewardship	stewardship	NOUN
cjal-9190	111	17	(	(	PUNCT
cjal-9190	111	18	dionysia	dionysia	PROPN
cjal-9190	111	19	katelouzou	katelouzou	PROPN
cjal-9190	111	20	&	&	CCONJ
cjal-9190	111	21	dan	dan	PROPN
cjal-9190	111	22	w.	w.	PROPN
cjal-9190	111	23	puchniak	puchniak	PROPN
cjal-9190	111	24	eds	eds	PROPN
cjal-9190	111	25	.	.	PROPN
cjal-9190	111	26	,	,	PUNCT
cjal-9190	111	27	forthcoming	forthcoming	ADJ
cjal-9190	111	28	)	)	PUNCT
cjal-9190	111	29	;	;	PUNCT
cjal-9190	111	30	ronald	ronald	PROPN
cjal-9190	111	31	j.	j.	PROPN
cjal-9190	111	32	gilson	gilson	PROPN
cjal-9190	111	33	&	&	CCONJ
cjal-9190	111	34	jeffery	jeffery	PROPN
cjal-9190	111	35	n.	n.	PROPN
cjal-9190	111	36	gordon	gordon	PROPN
cjal-9190	111	37	,	,	PUNCT
cjal-9190	111	38	the	the	DET
cjal-9190	111	39	agency	agency	NOUN
cjal-9190	111	40	costs	cost	NOUN
cjal-9190	111	41	of	of	ADP
cjal-9190	111	42	agency	agency	NOUN
cjal-9190	111	43	capitalism	capitalism	NOUN
cjal-9190	111	44	:	:	PUNCT
cjal-9190	111	45	activist	activist	ADJ
cjal-9190	111	46	investors	investor	NOUN
cjal-9190	111	47	and	and	CCONJ
cjal-9190	111	48	the	the	DET
cjal-9190	111	49	revaluation	revaluation	NOUN
cjal-9190	111	50	of	of	ADP
cjal-9190	111	51	governance	governance	NOUN
cjal-9190	111	52	rights	right	NOUN
cjal-9190	111	53	,	,	PUNCT
cjal-9190	111	54	113	113	NUM
cjal-9190	111	55	colum	colum	NOUN
cjal-9190	111	56	.	.	PUNCT
cjal-9190	112	1	l.	l.	PROPN
cjal-9190	112	2	rev	rev	PROPN
cjal-9190	112	3	.	.	PROPN
cjal-9190	112	4	863	863	NUM
cjal-9190	112	5	,	,	PUNCT
cjal-9190	112	6	874	874	NUM
cjal-9190	112	7	-	-	SYM
cjal-9190	112	8	76	76	NUM
cjal-9190	112	9	(	(	PUNCT
cjal-9190	112	10	2013	2013	NUM
cjal-9190	112	11	)	)	PUNCT
cjal-9190	112	12	;	;	PUNCT
cjal-9190	112	13	rock	rock	NOUN
cjal-9190	112	14	,	,	PUNCT
cjal-9190	112	15	supra	supra	PROPN
cjal-9190	112	16	note	note	NOUN
cjal-9190	112	17	15	15	NUM
cjal-9190	112	18	.	.	X
cjal-9190	113	1	82	82	NUM
cjal-9190	113	2	institutional	institutional	ADJ
cjal-9190	113	3	investors	investor	NOUN
cjal-9190	113	4	in	in	ADP
cjal-9190	113	5	china	china	PROPN
cjal-9190	113	6	[	[	X
cjal-9190	113	7	vol	vol	NOUN
cjal-9190	113	8	.	.	PUNCT
cjal-9190	113	9	35	35	NUM
cjal-9190	113	10	:	:	SYM
cjal-9190	113	11	74	74	NUM
cjal-9190	113	12	in	in	ADP
cjal-9190	113	13	part	part	PROPN
cjal-9190	113	14	ii	ii	PROPN
cjal-9190	113	15	,	,	PUNCT
cjal-9190	113	16	we	we	PRON
cjal-9190	113	17	draw	draw	VERB
cjal-9190	113	18	on	on	ADP
cjal-9190	113	19	the	the	DET
cjal-9190	113	20	most	most	ADV
cjal-9190	113	21	accurate	accurate	ADJ
cjal-9190	113	22	and	and	CCONJ
cjal-9190	113	23	up	up	ADP
cjal-9190	113	24	-	-	PUNCT
cjal-9190	113	25	to	to	ADP
cjal-9190	113	26	-	-	PUNCT
cjal-9190	113	27	date	date	NOUN
cjal-9190	113	28	chinese	chinese	ADJ
cjal-9190	113	29	sources	source	NOUN
cjal-9190	113	30	to	to	PART
cjal-9190	113	31	describe	describe	VERB
cjal-9190	113	32	the	the	DET
cjal-9190	113	33	taxonomy	taxonomy	NOUN
cjal-9190	113	34	of	of	ADP
cjal-9190	113	35	institutional	institutional	ADJ
cjal-9190	113	36	investors	investor	NOUN
cjal-9190	113	37	in	in	ADP
cjal-9190	113	38	china	china	PROPN
cjal-9190	113	39	.	.	PUNCT
cjal-9190	114	1	the	the	DET
cjal-9190	114	2	taxonomy	taxonomy	NOUN
cjal-9190	114	3	reveals	reveal	VERB
cjal-9190	114	4	that	that	SCONJ
cjal-9190	114	5	as	as	SCONJ
cjal-9190	114	6	the	the	DET
cjal-9190	114	7	percentage	percentage	NOUN
cjal-9190	114	8	of	of	ADP
cjal-9190	114	9	the	the	DET
cjal-9190	114	10	a	a	DET
cjal-9190	114	11	-	-	PUNCT
cjal-9190	114	12	shares	share	NOUN
cjal-9190	114	13	market	market	NOUN
cjal-9190	114	14	owned	own	VERB
cjal-9190	114	15	by	by	ADP
cjal-9190	114	16	institutional	institutional	ADJ
cjal-9190	114	17	investors	investor	NOUN
cjal-9190	114	18	has	have	AUX
cjal-9190	114	19	grown	grow	VERB
cjal-9190	114	20	,	,	PUNCT
cjal-9190	114	21	there	there	PRON
cjal-9190	114	22	has	have	AUX
cjal-9190	114	23	been	be	AUX
cjal-9190	114	24	a	a	DET
cjal-9190	114	25	proliferation	proliferation	NOUN
cjal-9190	114	26	in	in	ADP
cjal-9190	114	27	the	the	DET
cjal-9190	114	28	different	different	ADJ
cjal-9190	114	29	types	type	NOUN
cjal-9190	114	30	of	of	ADP
cjal-9190	114	31	institutional	institutional	ADJ
cjal-9190	114	32	investors	investor	NOUN
cjal-9190	114	33	in	in	ADP
cjal-9190	114	34	china	china	PROPN
cjal-9190	114	35	—	—	PUNCT
cjal-9190	114	36	what	what	PRON
cjal-9190	114	37	we	we	PRON
cjal-9190	114	38	coin	coin	VERB
cjal-9190	114	39	the	the	DET
cjal-9190	114	40	“	"	PUNCT
cjal-9190	114	41	atomization	atomization	NOUN
cjal-9190	114	42	”	"	PUNCT
cjal-9190	114	43	of	of	ADP
cjal-9190	114	44	the	the	DET
cjal-9190	114	45	market	market	NOUN
cjal-9190	114	46	for	for	ADP
cjal-9190	114	47	institutional	institutional	ADJ
cjal-9190	114	48	investors.26	investors.26	NOUN
cjal-9190	114	49	an	an	DET
cjal-9190	114	50	analysis	analysis	NOUN
cjal-9190	114	51	of	of	ADP
cjal-9190	114	52	the	the	DET
cjal-9190	114	53	regulations	regulation	NOUN
cjal-9190	114	54	that	that	PRON
cjal-9190	114	55	have	have	AUX
cjal-9190	114	56	driven	drive	VERB
cjal-9190	114	57	the	the	DET
cjal-9190	114	58	growth	growth	NOUN
cjal-9190	114	59	and	and	CCONJ
cjal-9190	114	60	atomization	atomization	NOUN
cjal-9190	114	61	of	of	ADP
cjal-9190	114	62	institutional	institutional	ADJ
cjal-9190	114	63	investors	investor	NOUN
cjal-9190	114	64	demonstrates	demonstrate	VERB
cjal-9190	114	65	that	that	SCONJ
cjal-9190	114	66	for	for	ADP
cjal-9190	114	67	decades	decade	NOUN
cjal-9190	114	68	,	,	PUNCT
cjal-9190	114	69	the	the	DET
cjal-9190	114	70	ccp	ccp	PROPN
cjal-9190	114	71	has	have	AUX
cjal-9190	114	72	actively	actively	ADV
cjal-9190	114	73	promoted	promote	VERB
cjal-9190	114	74	the	the	DET
cjal-9190	114	75	growth	growth	NOUN
cjal-9190	114	76	of	of	ADP
cjal-9190	114	77	institutional	institutional	ADJ
cjal-9190	114	78	investors	investor	NOUN
cjal-9190	114	79	to	to	PART
cjal-9190	114	80	improve	improve	VERB
cjal-9190	114	81	corporate	corporate	ADJ
cjal-9190	114	82	governance	governance	NOUN
cjal-9190	114	83	and	and	CCONJ
cjal-9190	114	84	stabilize	stabilize	VERB
cjal-9190	114	85	the	the	DET
cjal-9190	114	86	stock	stock	NOUN
cjal-9190	114	87	market	market	NOUN
cjal-9190	114	88	.	.	PUNCT
cjal-9190	115	1	it	it	PRON
cjal-9190	115	2	also	also	ADV
cjal-9190	115	3	reveals	reveal	VERB
cjal-9190	115	4	that	that	SCONJ
cjal-9190	115	5	the	the	DET
cjal-9190	115	6	ccp	ccp	PROPN
cjal-9190	115	7	has	have	AUX
cjal-9190	115	8	strategically	strategically	ADV
cjal-9190	115	9	controlled	control	VERB
cjal-9190	115	10	the	the	DET
cjal-9190	115	11	growth	growth	NOUN
cjal-9190	115	12	and	and	CCONJ
cjal-9190	115	13	influence	influence	NOUN
cjal-9190	115	14	of	of	ADP
cjal-9190	115	15	foreign	foreign	ADJ
cjal-9190	115	16	institutional	institutional	ADJ
cjal-9190	115	17	investors	investor	NOUN
cjal-9190	115	18	,	,	PUNCT
cjal-9190	115	19	making	make	VERB
cjal-9190	115	20	china	china	PROPN
cjal-9190	115	21	the	the	DET
cjal-9190	115	22	most	most	ADV
cjal-9190	115	23	domestically	domestically	ADV
cjal-9190	115	24	dominated	dominate	VERB
cjal-9190	115	25	major	major	ADJ
cjal-9190	115	26	market	market	NOUN
cjal-9190	115	27	for	for	ADP
cjal-9190	115	28	institutional	institutional	ADJ
cjal-9190	115	29	investors	investor	NOUN
cjal-9190	115	30	in	in	ADP
cjal-9190	115	31	the	the	DET
cjal-9190	115	32	world	world	NOUN
cjal-9190	115	33	—	—	PUNCT
cjal-9190	115	34	in	in	ADP
cjal-9190	115	35	which	which	PRON
cjal-9190	115	36	the	the	DET
cjal-9190	115	37	big	big	ADJ
cjal-9190	115	38	three	three	NUM
cjal-9190	115	39	american	american	ADJ
cjal-9190	115	40	institutional	institutional	ADJ
cjal-9190	115	41	investors	investor	NOUN
cjal-9190	115	42	(	(	PUNCT
cjal-9190	115	43	i.e.	i.e.	X
cjal-9190	115	44	,	,	PUNCT
cjal-9190	115	45	blackrock	blackrock	NOUN
cjal-9190	115	46	,	,	PUNCT
cjal-9190	115	47	state	state	NOUN
cjal-9190	115	48	street	street	NOUN
cjal-9190	115	49	and	and	CCONJ
cjal-9190	115	50	vanguard	vanguard	NOUN
cjal-9190	115	51	)	)	PUNCT
cjal-9190	115	52	are	be	AUX
cjal-9190	115	53	inconsequential	inconsequential	ADJ
cjal-9190	115	54	.	.	PUNCT
cjal-9190	116	1	this	this	PRON
cjal-9190	116	2	has	have	AUX
cjal-9190	116	3	allowed	allow	VERB
cjal-9190	116	4	the	the	DET
cjal-9190	116	5	ccp	ccp	PROPN
cjal-9190	116	6	to	to	PART
cjal-9190	116	7	rapidly	rapidly	ADV
cjal-9190	116	8	develop	develop	VERB
cjal-9190	116	9	a	a	DET
cjal-9190	116	10	sizable	sizable	ADJ
cjal-9190	116	11	and	and	CCONJ
cjal-9190	116	12	effective	effective	ADJ
cjal-9190	116	13	market	market	NOUN
cjal-9190	116	14	for	for	ADP
cjal-9190	116	15	institutional	institutional	ADJ
cjal-9190	116	16	investors	investor	NOUN
cjal-9190	116	17	,	,	PUNCT
cjal-9190	116	18	while	while	SCONJ
cjal-9190	116	19	ensuring	ensure	VERB
cjal-9190	116	20	that	that	SCONJ
cjal-9190	116	21	it	it	PRON
cjal-9190	116	22	reinforces	reinforce	VERB
cjal-9190	116	23	the	the	DET
cjal-9190	116	24	china	china	PROPN
cjal-9190	116	25	model	model	NOUN
cjal-9190	116	26	of	of	ADP
cjal-9190	116	27	corporate	corporate	ADJ
cjal-9190	116	28	governance	governance	NOUN
cjal-9190	116	29	in	in	ADP
cjal-9190	116	30	which	which	PRON
cjal-9190	116	31	the	the	DET
cjal-9190	116	32	ccp	ccp	PROPN
cjal-9190	116	33	maintains	maintain	VERB
cjal-9190	116	34	ultimate	ultimate	ADJ
cjal-9190	116	35	control	control	NOUN
cjal-9190	116	36	.	.	PUNCT
cjal-9190	117	1	in	in	ADP
cjal-9190	117	2	part	part	PROPN
cjal-9190	117	3	iii	iii	NOUN
cjal-9190	117	4	,	,	PUNCT
cjal-9190	117	5	we	we	PRON
cjal-9190	117	6	collect	collect	VERB
cjal-9190	117	7	and	and	CCONJ
cjal-9190	117	8	analyze	analyze	VERB
cjal-9190	117	9	a	a	DET
cjal-9190	117	10	growing	grow	VERB
cjal-9190	117	11	number	number	NOUN
cjal-9190	117	12	of	of	ADP
cjal-9190	117	13	empirical	empirical	ADJ
cjal-9190	117	14	studies	study	NOUN
cjal-9190	117	15	in	in	ADP
cjal-9190	117	16	the	the	DET
cjal-9190	117	17	business	business	NOUN
cjal-9190	117	18	school	school	NOUN
cjal-9190	117	19	literature	literature	NOUN
cjal-9190	117	20	that	that	PRON
cjal-9190	117	21	provide	provide	VERB
cjal-9190	117	22	three	three	NUM
cjal-9190	117	23	valuable	valuable	ADJ
cjal-9190	117	24	insights	insight	NOUN
cjal-9190	117	25	into	into	ADP
cjal-9190	117	26	the	the	DET
cjal-9190	117	27	role	role	NOUN
cjal-9190	117	28	played	play	VERB
cjal-9190	117	29	by	by	ADP
cjal-9190	117	30	institutional	institutional	ADJ
cjal-9190	117	31	investors	investor	NOUN
cjal-9190	117	32	in	in	ADP
cjal-9190	117	33	chinese	chinese	ADJ
cjal-9190	117	34	corporate	corporate	ADJ
cjal-9190	117	35	governance	governance	NOUN
cjal-9190	117	36	.	.	PUNCT
cjal-9190	118	1	first	first	ADV
cjal-9190	118	2	,	,	PUNCT
cjal-9190	118	3	they	they	PRON
cjal-9190	118	4	provide	provide	VERB
cjal-9190	118	5	convincing	convincing	ADJ
cjal-9190	118	6	evidence	evidence	NOUN
cjal-9190	118	7	that	that	SCONJ
cjal-9190	118	8	different	different	ADJ
cjal-9190	118	9	types	type	NOUN
cjal-9190	118	10	of	of	ADP
cjal-9190	118	11	institutional	institutional	ADJ
cjal-9190	118	12	investors	investor	NOUN
cjal-9190	118	13	have	have	AUX
cjal-9190	118	14	different	different	ADJ
cjal-9190	118	15	impacts	impact	NOUN
cjal-9190	118	16	on	on	ADP
cjal-9190	118	17	chinese	chinese	ADJ
cjal-9190	118	18	corporate	corporate	ADJ
cjal-9190	118	19	governance	governance	NOUN
cjal-9190	118	20	—	—	PUNCT
cjal-9190	118	21	confirming	confirm	VERB
cjal-9190	118	22	the	the	DET
cjal-9190	118	23	value	value	NOUN
cjal-9190	118	24	of	of	ADP
cjal-9190	118	25	the	the	DET
cjal-9190	118	26	taxonomy	taxonomy	NOUN
cjal-9190	118	27	of	of	ADP
cjal-9190	118	28	institutional	institutional	ADJ
cjal-9190	118	29	investors	investor	NOUN
cjal-9190	118	30	analyzed	analyze	VERB
cjal-9190	118	31	in	in	ADP
cjal-9190	118	32	part	part	NOUN
cjal-9190	118	33	ii.27	ii.27	PROPN
cjal-9190	118	34	second	second	ADJ
cjal-9190	118	35	,	,	PUNCT
cjal-9190	118	36	several	several	ADJ
cjal-9190	118	37	empirical	empirical	ADJ
cjal-9190	118	38	studies	study	NOUN
cjal-9190	118	39	find	find	VERB
cjal-9190	118	40	that	that	SCONJ
cjal-9190	118	41	the	the	DET
cjal-9190	118	42	impact	impact	NOUN
cjal-9190	118	43	that	that	PRON
cjal-9190	118	44	institutional	institutional	ADJ
cjal-9190	118	45	investors	investor	NOUN
cjal-9190	118	46	have	have	VERB
cjal-9190	118	47	on	on	ADP
cjal-9190	118	48	corporate	corporate	ADJ
cjal-9190	118	49	governance	governance	NOUN
cjal-9190	118	50	is	be	AUX
cjal-9190	118	51	contingent	contingent	ADJ
cjal-9190	118	52	on	on	ADP
cjal-9190	118	53	the	the	DET
cjal-9190	118	54	extent	extent	NOUN
cjal-9190	118	55	to	to	PART
cjal-9190	118	56	which	which	PRON
cjal-9190	118	57	the	the	DET
cjal-9190	118	58	institutional	institutional	ADJ
cjal-9190	118	59	investor	investor	NOUN
cjal-9190	118	60	is	be	AUX
cjal-9190	118	61	insulated	insulate	VERB
cjal-9190	118	62	from	from	ADP
cjal-9190	118	63	the	the	DET
cjal-9190	118	64	ccp	ccp	PROPN
cjal-9190	118	65	—	—	PUNCT
cjal-9190	118	66	highlighting	highlight	VERB
cjal-9190	118	67	the	the	DET
cjal-9190	118	68	importance	importance	NOUN
cjal-9190	118	69	of	of	ADP
cjal-9190	118	70	distinguishing	distinguish	VERB
cjal-9190	118	71	between	between	ADP
cjal-9190	118	72	state	state	NOUN
cjal-9190	118	73	-	-	PUNCT
cjal-9190	118	74	owned	own	VERB
cjal-9190	118	75	institutional	institutional	ADJ
cjal-9190	118	76	investors	investor	NOUN
cjal-9190	118	77	(	(	PUNCT
cjal-9190	118	78	soiis	soiis	NOUN
cjal-9190	118	79	)	)	PUNCT
cjal-9190	118	80	,	,	PUNCT
cjal-9190	118	81	private	private	ADJ
cjal-9190	118	82	-	-	PUNCT
cjal-9190	118	83	owned	own	VERB
cjal-9190	118	84	institutional	institutional	ADJ
cjal-9190	118	85	investors	investor	NOUN
cjal-9190	118	86	(	(	PUNCT
cjal-9190	118	87	poiis	poiis	ADJ
cjal-9190	118	88	)	)	PUNCT
cjal-9190	118	89	,	,	PUNCT
cjal-9190	118	90	and	and	CCONJ
cjal-9190	118	91	foreign	foreign	ADJ
cjal-9190	118	92	-	-	PUNCT
cjal-9190	118	93	owned	own	VERB
cjal-9190	118	94	institutional	institutional	ADJ
cjal-9190	118	95	investors	investor	NOUN
cjal-9190	118	96	(	(	PUNCT
cjal-9190	118	97	foiis).28	foiis).28	PROPN
cjal-9190	118	98	third	third	ADJ
cjal-9190	118	99	,	,	PUNCT
cjal-9190	118	100	several	several	ADJ
cjal-9190	118	101	empirical	empirical	ADJ
cjal-9190	118	102	studies	study	NOUN
cjal-9190	118	103	find	find	VERB
cjal-9190	118	104	that	that	SCONJ
cjal-9190	118	105	the	the	DET
cjal-9190	118	106	impact	impact	NOUN
cjal-9190	118	107	that	that	PRON
cjal-9190	118	108	institutional	institutional	ADJ
cjal-9190	118	109	investors	investor	NOUN
cjal-9190	118	110	have	have	VERB
cjal-9190	118	111	on	on	ADP
cjal-9190	118	112	corporate	corporate	ADJ
cjal-9190	118	113	governance	governance	NOUN
cjal-9190	118	114	is	be	AUX
cjal-9190	118	115	contingent	contingent	ADJ
cjal-9190	118	116	on	on	ADP
cjal-9190	118	117	whether	whether	SCONJ
cjal-9190	118	118	the	the	DET
cjal-9190	118	119	investee	investee	NOUN
cjal-9190	118	120	company	company	NOUN
cjal-9190	118	121	is	be	AUX
cjal-9190	118	122	a	a	DET
cjal-9190	118	123	soe	soe	PROPN
cjal-9190	118	124	or	or	CCONJ
cjal-9190	118	125	poe	poe	PROPN
cjal-9190	118	126	—	—	PUNCT
cjal-9190	118	127	reinforcing	reinforce	VERB
cjal-9190	118	128	the	the	DET
cjal-9190	118	129	importance	importance	NOUN
cjal-9190	118	130	of	of	ADP
cjal-9190	118	131	understanding	understand	VERB
cjal-9190	118	132	the	the	DET
cjal-9190	118	133	role	role	NOUN
cjal-9190	118	134	of	of	ADP
cjal-9190	118	135	the	the	DET
cjal-9190	118	136	ccp	ccp	PROPN
cjal-9190	118	137	in	in	ADP
cjal-9190	118	138	china	china	PROPN
cjal-9190	118	139	’s	’s	PART
cjal-9190	118	140	market	market	NOUN
cjal-9190	118	141	for	for	ADP
cjal-9190	118	142	institutional	institutional	ADJ
cjal-9190	118	143	investors.29	investors.29	NOUN
cjal-9190	118	144	however	however	ADV
cjal-9190	118	145	,	,	PUNCT
cjal-9190	118	146	as	as	SCONJ
cjal-9190	118	147	explained	explain	VERB
cjal-9190	118	148	in	in	ADP
cjal-9190	118	149	detail	detail	NOUN
cjal-9190	118	150	in	in	ADP
cjal-9190	118	151	part	part	NOUN
cjal-9190	118	152	iii	iii	NOUN
cjal-9190	118	153	,	,	PUNCT
cjal-9190	118	154	as	as	ADV
cjal-9190	118	155	insightful	insightful	ADJ
cjal-9190	118	156	as	as	SCONJ
cjal-9190	118	157	these	these	DET
cjal-9190	118	158	empirical	empirical	ADJ
cjal-9190	118	159	studies	study	NOUN
cjal-9190	118	160	are	be	AUX
cjal-9190	118	161	,	,	PUNCT
cjal-9190	118	162	they	they	PRON
cjal-9190	118	163	suffer	suffer	VERB
cjal-9190	118	164	from	from	ADP
cjal-9190	118	165	some	some	DET
cjal-9190	118	166	limitations	limitation	NOUN
cjal-9190	118	167	in	in	ADP
cjal-9190	118	168	their	their	PRON
cjal-9190	118	169	currency	currency	NOUN
cjal-9190	118	170	,	,	PUNCT
cjal-9190	118	171	data	datum	NOUN
cjal-9190	118	172	,	,	PUNCT
cjal-9190	118	173	and	and	CCONJ
cjal-9190	118	174	analysis	analysis	NOUN
cjal-9190	118	175	.	.	PUNCT
cjal-9190	119	1	they	they	PRON
cjal-9190	119	2	also	also	ADV
cjal-9190	119	3	fail	fail	VERB
cjal-9190	119	4	to	to	PART
cjal-9190	119	5	explain	explain	VERB
cjal-9190	119	6	how	how	SCONJ
cjal-9190	119	7	institutional	institutional	ADJ
cjal-9190	119	8	26	26	NUM
cjal-9190	119	9	see	see	NOUN
cjal-9190	119	10	infra	infra	NOUN
cjal-9190	119	11	part	part	PROPN
cjal-9190	119	12	ii	ii	PROPN
cjal-9190	119	13	.	.	PROPN
cjal-9190	119	14	27	27	NUM
cjal-9190	119	15	see	see	VERB
cjal-9190	119	16	infra	infra	NOUN
cjal-9190	119	17	part	part	PROPN
cjal-9190	119	18	iii	iii	PROPN
cjal-9190	119	19	.	.	PROPN
cjal-9190	119	20	28	28	NUM
cjal-9190	120	1	i	i	PRON
cjal-9190	120	2	d.	d.	PROPN
cjal-9190	120	3	29	29	NUM
cjal-9190	121	1	i	i	PRON
cjal-9190	121	2	d.	d.	PROPN
cjal-9190	121	3	2022	2022	NUM
cjal-9190	121	4	]	]	PUNCT
cjal-9190	121	5	columbia	columbia	PROPN
cjal-9190	121	6	journal	journal	PROPN
cjal-9190	121	7	of	of	ADP
cjal-9190	121	8	asian	asian	ADJ
cjal-9190	121	9	law	law	NOUN
cjal-9190	121	10	83	83	NUM
cjal-9190	121	11	investors	investor	NOUN
cjal-9190	121	12	,	,	PUNCT
cjal-9190	121	13	who	who	PRON
cjal-9190	121	14	in	in	ADP
cjal-9190	121	15	almost	almost	ADV
cjal-9190	121	16	all	all	PRON
cjal-9190	121	17	companies	company	NOUN
cjal-9190	121	18	are	be	AUX
cjal-9190	121	19	collectively	collectively	ADV
cjal-9190	121	20	minority	minority	NOUN
cjal-9190	121	21	shareholders	shareholder	NOUN
cjal-9190	121	22	,	,	PUNCT
cjal-9190	121	23	produce	produce	VERB
cjal-9190	121	24	a	a	DET
cjal-9190	121	25	statistically	statistically	ADV
cjal-9190	121	26	significant	significant	ADJ
cjal-9190	121	27	impact	impact	NOUN
cjal-9190	121	28	on	on	ADP
cjal-9190	121	29	corporate	corporate	ADJ
cjal-9190	121	30	governance	governance	NOUN
cjal-9190	121	31	.	.	PUNCT
cjal-9190	122	1	to	to	PART
cjal-9190	122	2	overcome	overcome	VERB
cjal-9190	122	3	some	some	PRON
cjal-9190	122	4	of	of	ADP
cjal-9190	122	5	these	these	DET
cjal-9190	122	6	blind	blind	ADJ
cjal-9190	122	7	spots	spot	NOUN
cjal-9190	122	8	in	in	ADP
cjal-9190	122	9	the	the	DET
cjal-9190	122	10	empirical	empirical	ADJ
cjal-9190	122	11	studies	study	NOUN
cjal-9190	122	12	,	,	PUNCT
cjal-9190	122	13	we	we	PRON
cjal-9190	122	14	hand	hand	NOUN
cjal-9190	122	15	-	-	PUNCT
cjal-9190	122	16	collected	collect	VERB
cjal-9190	122	17	and	and	CCONJ
cjal-9190	122	18	analyzed	analyze	VERB
cjal-9190	122	19	publicly	publicly	ADV
cjal-9190	122	20	reported	report	VERB
cjal-9190	122	21	representative	representative	ADJ
cjal-9190	122	22	cases	case	NOUN
cjal-9190	122	23	in	in	ADP
cjal-9190	122	24	which	which	PRON
cjal-9190	122	25	institutional	institutional	ADJ
cjal-9190	122	26	investors	investor	NOUN
cjal-9190	122	27	,	,	PUNCT
cjal-9190	122	28	acting	act	VERB
cjal-9190	122	29	as	as	ADP
cjal-9190	122	30	minority	minority	NOUN
cjal-9190	122	31	shareholders	shareholder	NOUN
cjal-9190	122	32	,	,	PUNCT
cjal-9190	122	33	have	have	AUX
cjal-9190	122	34	been	be	AUX
cjal-9190	122	35	involved	involve	VERB
cjal-9190	122	36	in	in	ADP
cjal-9190	122	37	activist	activist	ADJ
cjal-9190	122	38	campaigns	campaign	NOUN
cjal-9190	122	39	in	in	ADP
cjal-9190	122	40	a	a	DET
cjal-9190	122	41	-	-	PUNCT
cjal-9190	122	42	shares	share	NOUN
cjal-9190	122	43	companies	company	NOUN
cjal-9190	122	44	.	.	PUNCT
cjal-9190	123	1	somewhat	somewhat	ADV
cjal-9190	123	2	surprisingly	surprisingly	ADV
cjal-9190	123	3	,	,	PUNCT
cjal-9190	123	4	our	our	PRON
cjal-9190	123	5	analysis	analysis	NOUN
cjal-9190	123	6	of	of	ADP
cjal-9190	123	7	these	these	DET
cjal-9190	123	8	cases	case	NOUN
cjal-9190	123	9	revealed	reveal	VERB
cjal-9190	123	10	that	that	SCONJ
cjal-9190	123	11	soiis	soiis	NOUN
cjal-9190	123	12	have	have	AUX
cjal-9190	123	13	undertaken	undertake	VERB
cjal-9190	123	14	a	a	DET
cjal-9190	123	15	significant	significant	ADJ
cjal-9190	123	16	portion	portion	NOUN
cjal-9190	123	17	of	of	ADP
cjal-9190	123	18	the	the	DET
cjal-9190	123	19	activist	activist	ADJ
cjal-9190	123	20	campaigns	campaign	NOUN
cjal-9190	123	21	and	and	CCONJ
cjal-9190	123	22	that	that	DET
cjal-9190	123	23	poiis	poiis	NOUN
cjal-9190	123	24	have	have	AUX
cjal-9190	123	25	succeeded	succeed	VERB
cjal-9190	123	26	in	in	ADP
cjal-9190	123	27	more	more	ADJ
cjal-9190	123	28	than	than	ADP
cjal-9190	123	29	half	half	NOUN
cjal-9190	123	30	of	of	ADP
cjal-9190	123	31	their	their	PRON
cjal-9190	123	32	activist	activist	ADJ
cjal-9190	123	33	campaigns	campaign	NOUN
cjal-9190	123	34	targeting	target	VERB
cjal-9190	123	35	soes.30	soes.30	NOUN
cjal-9190	123	36	over	over	ADP
cjal-9190	123	37	the	the	DET
cjal-9190	123	38	last	last	ADJ
cjal-9190	123	39	decade	decade	NOUN
cjal-9190	123	40	the	the	DET
cjal-9190	123	41	number	number	NOUN
cjal-9190	123	42	of	of	ADP
cjal-9190	123	43	activist	activist	ADJ
cjal-9190	123	44	campaigns	campaign	NOUN
cjal-9190	123	45	by	by	ADP
cjal-9190	123	46	poiis	poiis	ADJ
cjal-9190	123	47	,	,	PUNCT
cjal-9190	123	48	several	several	ADJ
cjal-9190	123	49	of	of	ADP
cjal-9190	123	50	which	which	PRON
cjal-9190	123	51	have	have	AUX
cjal-9190	123	52	succeeded	succeed	VERB
cjal-9190	123	53	in	in	ADP
cjal-9190	123	54	soes	soe	NOUN
cjal-9190	123	55	,	,	PUNCT
cjal-9190	123	56	are	be	AUX
cjal-9190	123	57	on	on	ADP
cjal-9190	123	58	the	the	DET
cjal-9190	123	59	rise.31	rise.31	NOUN
cjal-9190	123	60	moreover	moreover	ADV
cjal-9190	123	61	,	,	PUNCT
cjal-9190	123	62	based	base	VERB
cjal-9190	123	63	on	on	ADP
cjal-9190	123	64	the	the	DET
cjal-9190	123	65	searches	search	NOUN
cjal-9190	123	66	we	we	PRON
cjal-9190	123	67	have	have	AUX
cjal-9190	123	68	conducted	conduct	VERB
cjal-9190	123	69	,	,	PUNCT
cjal-9190	123	70	foiis	foiis	PROPN
cjal-9190	123	71	have	have	AUX
cjal-9190	123	72	undertaken	undertake	VERB
cjal-9190	123	73	only	only	ADV
cjal-9190	123	74	two	two	NUM
cjal-9190	123	75	activist	activist	ADJ
cjal-9190	123	76	campaigns	campaign	NOUN
cjal-9190	123	77	,	,	PUNCT
cjal-9190	123	78	none	none	NOUN
cjal-9190	123	79	of	of	ADP
cjal-9190	123	80	which	which	PRON
cjal-9190	123	81	were	be	AUX
cjal-9190	123	82	in	in	ADP
cjal-9190	123	83	the	the	DET
cjal-9190	123	84	last	last	ADJ
cjal-9190	123	85	decade.32	decade.32	NOUN
cjal-9190	123	86	finally	finally	ADV
cjal-9190	123	87	,	,	PUNCT
cjal-9190	123	88	activist	activist	ADJ
cjal-9190	123	89	campaigns	campaign	NOUN
cjal-9190	123	90	overall	overall	ADV
cjal-9190	123	91	are	be	AUX
cjal-9190	123	92	clearly	clearly	ADV
cjal-9190	123	93	on	on	ADP
cjal-9190	123	94	the	the	DET
cjal-9190	123	95	rise	rise	NOUN
cjal-9190	123	96	,	,	PUNCT
cjal-9190	123	97	with	with	ADP
cjal-9190	123	98	three	three	NUM
cjal-9190	123	99	times	time	NOUN
cjal-9190	123	100	as	as	ADP
cjal-9190	123	101	many	many	ADJ
cjal-9190	123	102	activist	activist	ADJ
cjal-9190	123	103	campaigns	campaign	NOUN
cjal-9190	123	104	in	in	ADP
cjal-9190	123	105	the	the	DET
cjal-9190	123	106	last	last	ADJ
cjal-9190	123	107	decade	decade	NOUN
cjal-9190	123	108	compared	compare	VERB
cjal-9190	123	109	to	to	ADP
cjal-9190	123	110	two	two	NUM
cjal-9190	123	111	decades	decade	NOUN
cjal-9190	123	112	ago.33	ago.33	PROPN
cjal-9190	123	113	taken	take	VERB
cjal-9190	123	114	together	together	ADV
cjal-9190	123	115	,	,	PUNCT
cjal-9190	123	116	as	as	SCONJ
cjal-9190	123	117	explained	explain	VERB
cjal-9190	123	118	in	in	ADP
cjal-9190	123	119	detail	detail	NOUN
cjal-9190	123	120	in	in	ADP
cjal-9190	123	121	part	part	PROPN
cjal-9190	123	122	iii	iii	NOUN
cjal-9190	123	123	,	,	PUNCT
cjal-9190	123	124	this	this	PRON
cjal-9190	123	125	suggests	suggest	VERB
cjal-9190	123	126	that	that	SCONJ
cjal-9190	123	127	soiis	soiis	NOUN
cjal-9190	123	128	and	and	CCONJ
cjal-9190	123	129	poiis	poiis	NOUN
cjal-9190	123	130	are	be	AUX
cjal-9190	123	131	developing	develop	VERB
cjal-9190	123	132	into	into	ADP
cjal-9190	123	133	an	an	DET
cjal-9190	123	134	important	important	ADJ
cjal-9190	123	135	corporate	corporate	ADJ
cjal-9190	123	136	governance	governance	NOUN
cjal-9190	123	137	mechanism	mechanism	NOUN
cjal-9190	123	138	to	to	PART
cjal-9190	123	139	mitigate	mitigate	VERB
cjal-9190	123	140	private	private	ADJ
cjal-9190	123	141	benefits	benefit	NOUN
cjal-9190	123	142	of	of	ADP
cjal-9190	123	143	control	control	NOUN
cjal-9190	123	144	in	in	ADP
cjal-9190	123	145	china	china	PROPN
cjal-9190	123	146	—	—	PUNCT
cjal-9190	123	147	while	while	SCONJ
cjal-9190	123	148	the	the	DET
cjal-9190	123	149	role	role	NOUN
cjal-9190	123	150	of	of	ADP
cjal-9190	123	151	foiis	foiis	PROPN
cjal-9190	123	152	remains	remain	VERB
cjal-9190	123	153	limited	limited	ADJ
cjal-9190	123	154	.	.	PUNCT
cjal-9190	124	1	it	it	PRON
cjal-9190	124	2	also	also	ADV
cjal-9190	124	3	suggests	suggest	VERB
cjal-9190	124	4	that	that	SCONJ
cjal-9190	124	5	the	the	DET
cjal-9190	124	6	relationship	relationship	NOUN
cjal-9190	124	7	between	between	ADP
cjal-9190	124	8	the	the	DET
cjal-9190	124	9	ccp	ccp	PROPN
cjal-9190	124	10	and	and	CCONJ
cjal-9190	124	11	institutional	institutional	ADJ
cjal-9190	124	12	investors	investor	NOUN
cjal-9190	124	13	is	be	AUX
cjal-9190	124	14	important	important	ADJ
cjal-9190	124	15	and	and	CCONJ
cjal-9190	124	16	complex	complex	ADJ
cjal-9190	124	17	.	.	PUNCT
cjal-9190	125	1	in	in	ADP
cjal-9190	125	2	part	part	NOUN
cjal-9190	125	3	iv	iv	NUM
cjal-9190	125	4	,	,	PUNCT
cjal-9190	125	5	we	we	PRON
cjal-9190	125	6	aim	aim	VERB
cjal-9190	125	7	to	to	PART
cjal-9190	125	8	make	make	VERB
cjal-9190	125	9	sense	sense	NOUN
cjal-9190	125	10	out	out	ADP
cjal-9190	125	11	of	of	ADP
cjal-9190	125	12	this	this	DET
cjal-9190	125	13	complexity	complexity	NOUN
cjal-9190	125	14	by	by	ADP
cjal-9190	125	15	mapping	mapping	NOUN
cjal-9190	125	16	and	and	CCONJ
cjal-9190	125	17	analyzing	analyze	VERB
cjal-9190	125	18	the	the	DET
cjal-9190	125	19	various	various	ADJ
cjal-9190	125	20	government	government	NOUN
cjal-9190	125	21	bodies	body	NOUN
cjal-9190	125	22	,	,	PUNCT
cjal-9190	125	23	regulations	regulation	NOUN
cjal-9190	125	24	,	,	PUNCT
cjal-9190	125	25	and	and	CCONJ
cjal-9190	125	26	tactics	tactic	NOUN
cjal-9190	125	27	that	that	PRON
cjal-9190	125	28	the	the	DET
cjal-9190	125	29	ccp	ccp	PROPN
cjal-9190	125	30	has	have	AUX
cjal-9190	125	31	developed	develop	VERB
cjal-9190	125	32	to	to	PART
cjal-9190	125	33	control	control	VERB
cjal-9190	125	34	institutional	institutional	ADJ
cjal-9190	125	35	investors	investor	NOUN
cjal-9190	125	36	formally	formally	ADV
cjal-9190	125	37	and	and	CCONJ
cjal-9190	125	38	informally	informally	ADV
cjal-9190	125	39	in	in	ADP
cjal-9190	125	40	china	china	PROPN
cjal-9190	125	41	.	.	PUNCT
cjal-9190	126	1	based	base	VERB
cjal-9190	126	2	on	on	ADP
cjal-9190	126	3	empirical	empirical	ADJ
cjal-9190	126	4	,	,	PUNCT
cjal-9190	126	5	case	case	NOUN
cjal-9190	126	6	study	study	NOUN
cjal-9190	126	7	,	,	PUNCT
cjal-9190	126	8	and	and	CCONJ
cjal-9190	126	9	interview	interview	NOUN
cjal-9190	126	10	evidence	evidence	NOUN
cjal-9190	126	11	,	,	PUNCT
cjal-9190	126	12	we	we	PRON
cjal-9190	126	13	explain	explain	VERB
cjal-9190	126	14	how	how	SCONJ
cjal-9190	126	15	the	the	DET
cjal-9190	126	16	ccp	ccp	X
cjal-9190	126	17	can	can	AUX
cjal-9190	126	18	—	—	PUNCT
cjal-9190	126	19	and	and	CCONJ
cjal-9190	126	20	has	have	AUX
cjal-9190	126	21	—	—	PUNCT
cjal-9190	126	22	used	use	VERB
cjal-9190	126	23	various	various	ADJ
cjal-9190	126	24	mechanisms	mechanism	NOUN
cjal-9190	126	25	to	to	PART
cjal-9190	126	26	engage	engage	VERB
cjal-9190	126	27	in	in	ADP
cjal-9190	126	28	“	"	PUNCT
cjal-9190	126	29	policy	policy	NOUN
cjal-9190	126	30	channeling”34	channeling”34	NOUN
cjal-9190	126	31	in	in	ADP
cjal-9190	126	32	soiis	soiis	NOUN
cjal-9190	126	33	and	and	CCONJ
cjal-9190	126	34	30	30	NUM
cjal-9190	126	35	from	from	ADP
cjal-9190	126	36	1994	1994	NUM
cjal-9190	126	37	to	to	ADP
cjal-9190	126	38	2021	2021	NUM
cjal-9190	126	39	,	,	PUNCT
cjal-9190	126	40	30.2	30.2	NUM
cjal-9190	126	41	%	%	NOUN
cjal-9190	126	42	(	(	PUNCT
cjal-9190	126	43	13	13	NUM
cjal-9190	126	44	out	out	ADP
cjal-9190	126	45	of	of	ADP
cjal-9190	126	46	43	43	NUM
cjal-9190	126	47	)	)	PUNCT
cjal-9190	126	48	of	of	ADP
cjal-9190	126	49	the	the	DET
cjal-9190	126	50	activist	activist	ADJ
cjal-9190	126	51	campaigns	campaign	NOUN
cjal-9190	126	52	were	be	AUX
cjal-9190	126	53	undertaken	undertake	VERB
cjal-9190	126	54	by	by	ADP
cjal-9190	126	55	soiis	soiis	NOUN
cjal-9190	126	56	,	,	PUNCT
cjal-9190	126	57	with	with	ADP
cjal-9190	126	58	soiis	soiis	NOUN
cjal-9190	126	59	and	and	CCONJ
cjal-9190	126	60	poiis	poiis	ADJ
cjal-9190	126	61	collaborating	collaborate	VERB
cjal-9190	126	62	in	in	ADP
cjal-9190	126	63	11.6	11.6	NUM
cjal-9190	126	64	%	%	NOUN
cjal-9190	126	65	(	(	PUNCT
cjal-9190	126	66	5	5	NUM
cjal-9190	126	67	out	out	ADP
cjal-9190	126	68	of	of	ADP
cjal-9190	126	69	43	43	NUM
cjal-9190	126	70	)	)	PUNCT
cjal-9190	126	71	of	of	ADP
cjal-9190	126	72	the	the	DET
cjal-9190	126	73	activist	activist	ADJ
cjal-9190	126	74	campaigns	campaign	NOUN
cjal-9190	126	75	.	.	PUNCT
cjal-9190	127	1	in	in	ADP
cjal-9190	127	2	the	the	DET
cjal-9190	127	3	cases	case	NOUN
cjal-9190	127	4	in	in	ADP
cjal-9190	127	5	which	which	PRON
cjal-9190	127	6	a	a	DET
cjal-9190	127	7	poii	poii	NOUN
cjal-9190	127	8	targeted	target	VERB
cjal-9190	127	9	an	an	DET
cjal-9190	127	10	soe	soe	PROPN
cjal-9190	127	11	,	,	PUNCT
cjal-9190	127	12	the	the	DET
cjal-9190	127	13	poii	poii	NOUN
cjal-9190	127	14	succeeded	succeed	VERB
cjal-9190	127	15	in	in	ADP
cjal-9190	127	16	57.1	57.1	NUM
cjal-9190	127	17	%	%	NOUN
cjal-9190	127	18	(	(	PUNCT
cjal-9190	127	19	4	4	NUM
cjal-9190	127	20	out	out	ADP
cjal-9190	127	21	of	of	ADP
cjal-9190	127	22	7	7	NUM
cjal-9190	127	23	)	)	PUNCT
cjal-9190	127	24	of	of	ADP
cjal-9190	127	25	the	the	DET
cjal-9190	127	26	activist	activist	ADJ
cjal-9190	127	27	campaigns	campaign	NOUN
cjal-9190	127	28	.	.	PUNCT
cjal-9190	128	1	see	see	VERB
cjal-9190	128	2	infra	infra	NOUN
cjal-9190	128	3	appendix	appendix	NOUN
cjal-9190	128	4	2	2	NUM
cjal-9190	128	5	.	.	NOUN
cjal-9190	128	6	31	31	NUM
cjal-9190	128	7	from	from	ADP
cjal-9190	128	8	1994	1994	NUM
cjal-9190	128	9	to	to	ADP
cjal-9190	128	10	2010	2010	NUM
cjal-9190	128	11	,	,	PUNCT
cjal-9190	128	12	30	30	NUM
cjal-9190	128	13	%	%	NOUN
cjal-9190	128	14	(	(	PUNCT
cjal-9190	128	15	3	3	NUM
cjal-9190	128	16	out	out	ADP
cjal-9190	128	17	of	of	ADP
cjal-9190	128	18	10	10	NUM
cjal-9190	128	19	)	)	PUNCT
cjal-9190	128	20	of	of	ADP
cjal-9190	128	21	the	the	DET
cjal-9190	128	22	activist	activist	ADJ
cjal-9190	128	23	campaigns	campaign	NOUN
cjal-9190	128	24	were	be	AUX
cjal-9190	128	25	undertaken	undertake	VERB
cjal-9190	128	26	by	by	ADP
cjal-9190	128	27	poiis	poiis	NOUN
cjal-9190	128	28	,	,	PUNCT
cjal-9190	128	29	with	with	ADP
cjal-9190	128	30	soiis	soiis	NOUN
cjal-9190	128	31	and	and	CCONJ
cjal-9190	128	32	poiis	poiis	ADJ
cjal-9190	128	33	collaborating	collaborate	VERB
cjal-9190	128	34	in	in	ADP
cjal-9190	128	35	20	20	NUM
cjal-9190	128	36	%	%	NOUN
cjal-9190	128	37	(	(	PUNCT
cjal-9190	128	38	2	2	NUM
cjal-9190	128	39	out	out	ADP
cjal-9190	128	40	of	of	ADP
cjal-9190	128	41	10	10	NUM
cjal-9190	128	42	)	)	PUNCT
cjal-9190	128	43	of	of	ADP
cjal-9190	128	44	the	the	DET
cjal-9190	128	45	activist	activist	ADJ
cjal-9190	128	46	campaigns	campaign	NOUN
cjal-9190	128	47	;	;	PUNCT
cjal-9190	128	48	whereas	whereas	SCONJ
cjal-9190	128	49	from	from	ADP
cjal-9190	128	50	2011	2011	NUM
cjal-9190	128	51	to	to	ADP
cjal-9190	128	52	2021	2021	NUM
cjal-9190	128	53	,	,	PUNCT
cjal-9190	128	54	60.6	60.6	NUM
cjal-9190	128	55	%	%	NOUN
cjal-9190	128	56	(	(	PUNCT
cjal-9190	128	57	20	20	NUM
cjal-9190	128	58	out	out	ADP
cjal-9190	128	59	of	of	ADP
cjal-9190	128	60	33	33	NUM
cjal-9190	128	61	)	)	PUNCT
cjal-9190	128	62	of	of	ADP
cjal-9190	128	63	the	the	DET
cjal-9190	128	64	activist	activist	ADJ
cjal-9190	128	65	campaigns	campaign	NOUN
cjal-9190	128	66	were	be	AUX
cjal-9190	128	67	undertaken	undertake	VERB
cjal-9190	128	68	by	by	ADP
cjal-9190	128	69	poiis	poiis	NOUN
cjal-9190	128	70	,	,	PUNCT
cjal-9190	128	71	with	with	ADP
cjal-9190	128	72	soiis	soiis	NOUN
cjal-9190	128	73	and	and	CCONJ
cjal-9190	128	74	poiis	poiis	ADJ
cjal-9190	128	75	collaborating	collaborate	VERB
cjal-9190	128	76	in	in	ADP
cjal-9190	128	77	9.1	9.1	NUM
cjal-9190	128	78	%	%	NOUN
cjal-9190	128	79	(	(	PUNCT
cjal-9190	128	80	3	3	NUM
cjal-9190	128	81	out	out	ADP
cjal-9190	128	82	of	of	ADP
cjal-9190	128	83	33	33	NUM
cjal-9190	128	84	)	)	PUNCT
cjal-9190	128	85	of	of	ADP
cjal-9190	128	86	the	the	DET
cjal-9190	128	87	activist	activist	ADJ
cjal-9190	128	88	campaigns	campaign	NOUN
cjal-9190	128	89	and	and	CCONJ
cjal-9190	128	90	an	an	DET
cjal-9190	128	91	foii	foii	NOUN
cjal-9190	128	92	and	and	CCONJ
cjal-9190	128	93	a	a	DET
cjal-9190	128	94	poii	poii	ADJ
cjal-9190	128	95	collaborating	collaborate	VERB
cjal-9190	128	96	in	in	ADP
cjal-9190	128	97	1	1	NUM
cjal-9190	128	98	activist	activist	ADJ
cjal-9190	128	99	campaign	campaign	NOUN
cjal-9190	128	100	.	.	PUNCT
cjal-9190	129	1	see	see	VERB
cjal-9190	129	2	infra	infra	NOUN
cjal-9190	129	3	appendix	appendix	NOUN
cjal-9190	129	4	2	2	NUM
cjal-9190	129	5	.	.	NOUN
cjal-9190	129	6	32	32	NUM
cjal-9190	130	1	the	the	DET
cjal-9190	130	2	two	two	NUM
cjal-9190	130	3	cases	case	NOUN
cjal-9190	130	4	undertaken	undertake	VERB
cjal-9190	130	5	by	by	ADP
cjal-9190	130	6	foiis	foiis	PROPN
cjal-9190	130	7	both	both	CCONJ
cjal-9190	130	8	occurred	occur	VERB
cjal-9190	130	9	in	in	ADP
cjal-9190	130	10	2012	2012	NUM
cjal-9190	130	11	.	.	PUNCT
cjal-9190	131	1	see	see	VERB
cjal-9190	131	2	infra	infra	NOUN
cjal-9190	131	3	appendix	appendix	NOUN
cjal-9190	131	4	2	2	NUM
cjal-9190	131	5	.	.	NOUN
cjal-9190	131	6	33	33	NUM
cjal-9190	131	7	from	from	ADP
cjal-9190	131	8	1994	1994	NUM
cjal-9190	131	9	to	to	ADP
cjal-9190	131	10	2010	2010	NUM
cjal-9190	131	11	,	,	PUNCT
cjal-9190	131	12	there	there	PRON
cjal-9190	131	13	were	be	VERB
cjal-9190	131	14	10	10	NUM
cjal-9190	131	15	activist	activist	ADJ
cjal-9190	131	16	campaigns	campaign	NOUN
cjal-9190	131	17	;	;	PUNCT
cjal-9190	131	18	whereas	whereas	SCONJ
cjal-9190	131	19	from	from	ADP
cjal-9190	131	20	2011	2011	NUM
cjal-9190	131	21	to	to	ADP
cjal-9190	131	22	2021	2021	NUM
cjal-9190	131	23	,	,	PUNCT
cjal-9190	131	24	there	there	PRON
cjal-9190	131	25	were	be	VERB
cjal-9190	131	26	33	33	NUM
cjal-9190	131	27	activist	activist	ADJ
cjal-9190	131	28	campaigns	campaign	NOUN
cjal-9190	131	29	.	.	PUNCT
cjal-9190	132	1	see	see	VERB
cjal-9190	132	2	infra	infra	NOUN
cjal-9190	132	3	appendix	appendix	NOUN
cjal-9190	132	4	2	2	NUM
cjal-9190	132	5	.	.	NUM
cjal-9190	132	6	34	34	NUM
cjal-9190	133	1	the	the	DET
cjal-9190	133	2	term	term	NOUN
cjal-9190	133	3	“	"	PUNCT
cjal-9190	133	4	policy	policy	NOUN
cjal-9190	133	5	channeling	channeling	NOUN
cjal-9190	133	6	”	"	PUNCT
cjal-9190	133	7	was	be	AUX
cjal-9190	133	8	first	first	ADV
cjal-9190	133	9	coined	coin	VERB
cjal-9190	133	10	by	by	ADP
cjal-9190	133	11	milhaupt	milhaupt	NOUN
cjal-9190	133	12	and	and	CCONJ
cjal-9190	133	13	pargendler	pargendler	NOUN
cjal-9190	133	14	in	in	ADP
cjal-9190	133	15	their	their	PRON
cjal-9190	133	16	research	research	NOUN
cjal-9190	133	17	on	on	ADP
cjal-9190	133	18	related	related	ADJ
cjal-9190	133	19	party	party	NOUN
cjal-9190	133	20	transactions	transaction	NOUN
cjal-9190	133	21	in	in	ADP
cjal-9190	133	22	soes	soe	NOUN
cjal-9190	133	23	.	.	PUNCT
cjal-9190	134	1	curtis	curtis	PROPN
cjal-9190	134	2	milhaupt	milhaupt	PROPN
cjal-9190	134	3	&	&	CCONJ
cjal-9190	134	4	mariana	mariana	PROPN
cjal-9190	134	5	pargendler	pargendler	PROPN
cjal-9190	134	6	,	,	PUNCT
cjal-9190	134	7	related	relate	VERB
cjal-9190	134	8	party	party	NOUN
cjal-9190	134	9	transactions	transaction	NOUN
cjal-9190	134	10	in	in	ADP
cjal-9190	134	11	state	state	NOUN
cjal-9190	134	12	-	-	PUNCT
cjal-9190	134	13	owned	own	VERB
cjal-9190	134	14	enterprises	enterprise	NOUN
cjal-9190	134	15	:	:	PUNCT
cjal-9190	134	16	tunnelling	tunnelling	NOUN
cjal-9190	134	17	,	,	PUNCT
cjal-9190	134	18	propping	propping	NOUN
cjal-9190	134	19	,	,	PUNCT
cjal-9190	134	20	and	and	CCONJ
cjal-9190	134	21	policy	policy	NOUN
cjal-9190	134	22	channeling	channeling	NOUN
cjal-9190	134	23	,	,	PUNCT
cjal-9190	134	24	in	in	ADP
cjal-9190	134	25	the	the	DET
cjal-9190	134	26	law	law	NOUN
cjal-9190	134	27	and	and	CCONJ
cjal-9190	134	28	finance	finance	NOUN
cjal-9190	134	29	of	of	ADP
cjal-9190	134	30	related	relate	VERB
cjal-9190	134	31	party	party	NOUN
cjal-9190	134	32	transactions	transaction	NOUN
cjal-9190	134	33	245	245	NUM
cjal-9190	134	34	,	,	PUNCT
cjal-9190	134	35	245	245	NUM
cjal-9190	134	36	-	-	SYM
cjal-9190	134	37	46	46	NUM
cjal-9190	134	38	(	(	PUNCT
cjal-9190	134	39	luca	luca	PROPN
cjal-9190	134	40	enriques	enriques	PROPN
cjal-9190	134	41	&	&	CCONJ
cjal-9190	134	42	tobias	tobias	PROPN
cjal-9190	134	43	troger	troger	PROPN
cjal-9190	134	44	eds	eds	PROPN
cjal-9190	134	45	.	.	PROPN
cjal-9190	134	46	,	,	PUNCT
cjal-9190	134	47	2019	2019	NUM
cjal-9190	134	48	)	)	PUNCT
cjal-9190	134	49	.	.	PUNCT
cjal-9190	135	1	see	see	VERB
cjal-9190	135	2	also	also	ADV
cjal-9190	135	3	84	84	NUM
cjal-9190	135	4	institutional	institutional	ADJ
cjal-9190	135	5	investors	investor	NOUN
cjal-9190	135	6	in	in	ADP
cjal-9190	135	7	china	china	PROPN
cjal-9190	136	1	[	[	X
cjal-9190	136	2	vol	vol	NOUN
cjal-9190	136	3	.	.	PUNCT
cjal-9190	136	4	35	35	NUM
cjal-9190	136	5	:	:	SYM
cjal-9190	136	6	74	74	NUM
cjal-9190	136	7	poiis	poiis	NOUN
cjal-9190	136	8	,	,	PUNCT
cjal-9190	136	9	with	with	ADP
cjal-9190	136	10	foreign	foreign	ADJ
cjal-9190	136	11	institutional	institutional	ADJ
cjal-9190	136	12	investors	investor	NOUN
cjal-9190	136	13	being	be	AUX
cjal-9190	136	14	largely	largely	ADV
cjal-9190	136	15	insulated	insulate	VERB
cjal-9190	136	16	from	from	ADP
cjal-9190	136	17	policy	policy	NOUN
cjal-9190	136	18	channeling	channeling	NOUN
cjal-9190	136	19	.	.	PUNCT
cjal-9190	137	1	equally	equally	ADV
cjal-9190	137	2	important	important	ADJ
cjal-9190	137	3	,	,	PUNCT
cjal-9190	137	4	however	however	ADV
cjal-9190	137	5	,	,	PUNCT
cjal-9190	137	6	is	be	AUX
cjal-9190	137	7	our	our	PRON
cjal-9190	137	8	evidence	evidence	NOUN
cjal-9190	137	9	that	that	SCONJ
cjal-9190	137	10	the	the	DET
cjal-9190	137	11	ccp	ccp	PROPN
cjal-9190	137	12	uses	use	VERB
cjal-9190	137	13	its	its	PRON
cjal-9190	137	14	power	power	NOUN
cjal-9190	137	15	to	to	ADP
cjal-9190	137	16	policy	policy	NOUN
cjal-9190	137	17	channel	channel	NOUN
cjal-9190	137	18	in	in	ADP
cjal-9190	137	19	a	a	DET
cjal-9190	137	20	targeted	target	VERB
cjal-9190	137	21	and	and	CCONJ
cjal-9190	137	22	limited	limited	ADJ
cjal-9190	137	23	way	way	NOUN
cjal-9190	137	24	surrounding	surround	VERB
cjal-9190	137	25	significant	significant	ADJ
cjal-9190	137	26	stock	stock	NOUN
cjal-9190	137	27	market	market	NOUN
cjal-9190	137	28	and	and	CCONJ
cjal-9190	137	29	political	political	ADJ
cjal-9190	137	30	events	event	NOUN
cjal-9190	137	31	.	.	PUNCT
cjal-9190	138	1	on	on	ADP
cjal-9190	138	2	a	a	DET
cjal-9190	138	3	day	day	NOUN
cjal-9190	138	4	-	-	PUNCT
cjal-9190	138	5	today	today	NOUN
cjal-9190	138	6	basis	basis	NOUN
cjal-9190	138	7	,	,	PUNCT
cjal-9190	138	8	absent	absent	ADJ
cjal-9190	138	9	these	these	DET
cjal-9190	138	10	extraordinary	extraordinary	ADJ
cjal-9190	138	11	events	event	NOUN
cjal-9190	138	12	,	,	PUNCT
cjal-9190	138	13	institutional	institutional	ADJ
cjal-9190	138	14	investors	investor	NOUN
cjal-9190	138	15	in	in	ADP
cjal-9190	138	16	china	china	PROPN
cjal-9190	138	17	appear	appear	VERB
cjal-9190	138	18	to	to	PART
cjal-9190	138	19	be	be	AUX
cjal-9190	138	20	driven	drive	VERB
cjal-9190	138	21	mostly	mostly	ADV
cjal-9190	138	22	by	by	ADP
cjal-9190	138	23	free	free	ADJ
cjal-9190	138	24	market	market	NOUN
cjal-9190	138	25	-	-	PUNCT
cjal-9190	138	26	forces	force	NOUN
cjal-9190	138	27	.	.	PUNCT
cjal-9190	139	1	empirical	empirical	ADJ
cjal-9190	139	2	,	,	PUNCT
cjal-9190	139	3	interview	interview	NOUN
cjal-9190	139	4	,	,	PUNCT
cjal-9190	139	5	and	and	CCONJ
cjal-9190	139	6	case	case	NOUN
cjal-9190	139	7	study	study	NOUN
cjal-9190	139	8	evidence	evidence	NOUN
cjal-9190	139	9	suggests	suggest	VERB
cjal-9190	139	10	that	that	SCONJ
cjal-9190	139	11	institutional	institutional	ADJ
cjal-9190	139	12	investors	investor	NOUN
cjal-9190	139	13	often	often	ADV
cjal-9190	139	14	serve	serve	VERB
cjal-9190	139	15	an	an	DET
cjal-9190	139	16	important	important	ADJ
cjal-9190	139	17	corporate	corporate	ADJ
cjal-9190	139	18	governance	governance	NOUN
cjal-9190	139	19	function	function	NOUN
cjal-9190	139	20	by	by	ADP
cjal-9190	139	21	acting	act	VERB
cjal-9190	139	22	as	as	ADP
cjal-9190	139	23	a	a	DET
cjal-9190	139	24	check	check	NOUN
cjal-9190	139	25	on	on	ADP
cjal-9190	139	26	corporate	corporate	ADJ
cjal-9190	139	27	controllers	controller	NOUN
cjal-9190	139	28	in	in	ADP
cjal-9190	139	29	soes	soe	NOUN
cjal-9190	139	30	and	and	CCONJ
cjal-9190	139	31	poes	poe	NOUN
cjal-9190	139	32	.	.	PUNCT
cjal-9190	140	1	this	this	PRON
cjal-9190	140	2	fits	fit	VERB
cjal-9190	140	3	with	with	ADP
cjal-9190	140	4	other	other	ADJ
cjal-9190	140	5	research	research	NOUN
cjal-9190	140	6	on	on	ADP
cjal-9190	140	7	chinese	chinese	ADJ
cjal-9190	140	8	corporate	corporate	ADJ
cjal-9190	140	9	governance	governance	NOUN
cjal-9190	140	10	that	that	PRON
cjal-9190	140	11	demonstrates	demonstrate	VERB
cjal-9190	140	12	that	that	SCONJ
cjal-9190	140	13	the	the	DET
cjal-9190	140	14	government	government	NOUN
cjal-9190	140	15	has	have	AUX
cjal-9190	140	16	created	create	VERB
cjal-9190	140	17	a	a	DET
cjal-9190	140	18	system	system	NOUN
cjal-9190	140	19	to	to	PART
cjal-9190	140	20	mitigate	mitigate	VERB
cjal-9190	140	21	private	private	ADJ
cjal-9190	140	22	benefits	benefit	NOUN
cjal-9190	140	23	of	of	ADP
cjal-9190	140	24	control	control	NOUN
cjal-9190	140	25	—	—	PUNCT
cjal-9190	140	26	even	even	ADV
cjal-9190	140	27	when	when	SCONJ
cjal-9190	140	28	it	it	PRON
cjal-9190	140	29	means	mean	VERB
cjal-9190	140	30	constraining	constrain	VERB
cjal-9190	140	31	the	the	DET
cjal-9190	140	32	power	power	NOUN
cjal-9190	140	33	of	of	ADP
cjal-9190	140	34	soes	soe	NOUN
cjal-9190	140	35	—	—	PUNCT
cjal-9190	140	36	while	while	SCONJ
cjal-9190	140	37	at	at	ADP
cjal-9190	140	38	the	the	DET
cjal-9190	140	39	same	same	ADJ
cjal-9190	140	40	time	time	NOUN
cjal-9190	140	41	ensuring	ensure	VERB
cjal-9190	140	42	the	the	DET
cjal-9190	140	43	ccp	ccp	PROPN
cjal-9190	140	44	maintains	maintain	VERB
cjal-9190	140	45	ultimate	ultimate	ADJ
cjal-9190	140	46	control.35	control.35	NOUN
cjal-9190	140	47	in	in	ADP
cjal-9190	140	48	part	part	NOUN
cjal-9190	140	49	v	v	NOUN
cjal-9190	140	50	,	,	PUNCT
cjal-9190	140	51	we	we	PRON
cjal-9190	140	52	conclude	conclude	VERB
cjal-9190	140	53	by	by	ADP
cjal-9190	140	54	taking	take	VERB
cjal-9190	140	55	a	a	DET
cjal-9190	140	56	step	step	NOUN
cjal-9190	140	57	back	back	ADV
cjal-9190	140	58	and	and	CCONJ
cjal-9190	140	59	briefly	briefly	ADV
cjal-9190	140	60	considering	consider	VERB
cjal-9190	140	61	what	what	PRON
cjal-9190	140	62	this	this	DET
cjal-9190	140	63	examination	examination	NOUN
cjal-9190	140	64	of	of	ADP
cjal-9190	140	65	institutional	institutional	ADJ
cjal-9190	140	66	investors	investor	NOUN
cjal-9190	140	67	tells	tell	VERB
cjal-9190	140	68	us	we	PRON
cjal-9190	140	69	about	about	ADP
cjal-9190	140	70	china	china	PROPN
cjal-9190	140	71	’s	’s	PART
cjal-9190	140	72	unique	unique	ADJ
cjal-9190	140	73	form	form	NOUN
cjal-9190	140	74	of	of	ADP
cjal-9190	140	75	capitalism	capitalism	NOUN
cjal-9190	140	76	and	and	CCONJ
cjal-9190	140	77	system	system	NOUN
cjal-9190	140	78	of	of	ADP
cjal-9190	140	79	corporate	corporate	ADJ
cjal-9190	140	80	governance	governance	NOUN
cjal-9190	140	81	.	.	PUNCT
cjal-9190	141	1	the	the	DET
cjal-9190	141	2	evidence	evidence	NOUN
cjal-9190	141	3	in	in	ADP
cjal-9190	141	4	this	this	DET
cjal-9190	141	5	article	article	NOUN
cjal-9190	141	6	suggests	suggest	VERB
cjal-9190	141	7	that	that	SCONJ
cjal-9190	141	8	the	the	DET
cjal-9190	141	9	rise	rise	NOUN
cjal-9190	141	10	of	of	ADP
cjal-9190	141	11	institutional	institutional	ADJ
cjal-9190	141	12	investors	investor	NOUN
cjal-9190	141	13	in	in	ADP
cjal-9190	141	14	china	china	PROPN
cjal-9190	141	15	has	have	AUX
cjal-9190	141	16	been	be	AUX
cjal-9190	141	17	done	do	VERB
cjal-9190	141	18	in	in	ADP
cjal-9190	141	19	a	a	DET
cjal-9190	141	20	way	way	NOUN
cjal-9190	141	21	to	to	PART
cjal-9190	141	22	reinforce	reinforce	VERB
cjal-9190	141	23	the	the	DET
cjal-9190	141	24	ccp	ccp	PROPN
cjal-9190	141	25	’s	’s	PART
cjal-9190	141	26	ultimate	ultimate	ADJ
cjal-9190	141	27	control	control	NOUN
cjal-9190	141	28	.	.	PUNCT
cjal-9190	142	1	however	however	ADV
cjal-9190	142	2	,	,	PUNCT
cjal-9190	142	3	contrary	contrary	ADV
cjal-9190	142	4	to	to	ADP
cjal-9190	142	5	what	what	PRON
cjal-9190	142	6	some	some	DET
cjal-9190	142	7	conceptions	conception	NOUN
cjal-9190	142	8	of	of	ADP
cjal-9190	142	9	“	"	PUNCT
cjal-9190	142	10	state	state	NOUN
cjal-9190	142	11	capitalism	capitalism	NOUN
cjal-9190	142	12	”	"	PUNCT
cjal-9190	142	13	may	may	AUX
cjal-9190	142	14	suggest	suggest	VERB
cjal-9190	142	15	,	,	PUNCT
cjal-9190	142	16	the	the	DET
cjal-9190	142	17	ccp	ccp	PROPN
cjal-9190	142	18	does	do	AUX
cjal-9190	142	19	not	not	PART
cjal-9190	142	20	micro	micro	VERB
cjal-9190	142	21	-	-	VERB
cjal-9190	142	22	manage	manage	VERB
cjal-9190	142	23	institutional	institutional	ADJ
cjal-9190	142	24	investors	investor	NOUN
cjal-9190	142	25	on	on	ADP
cjal-9190	142	26	a	a	DET
cjal-9190	142	27	day	day	NOUN
cjal-9190	142	28	-	-	PUNCT
cjal-9190	142	29	to	to	ADP
cjal-9190	142	30	-	-	PUNCT
cjal-9190	142	31	day	day	NOUN
cjal-9190	142	32	basis	basis	NOUN
cjal-9190	142	33	.	.	PUNCT
cjal-9190	143	1	rather	rather	ADV
cjal-9190	143	2	,	,	PUNCT
cjal-9190	143	3	institutional	institutional	ADJ
cjal-9190	143	4	investors	investor	NOUN
cjal-9190	143	5	normally	normally	ADV
cjal-9190	143	6	function	function	VERB
cjal-9190	143	7	according	accord	VERB
cjal-9190	143	8	to	to	ADP
cjal-9190	143	9	free	free	ADJ
cjal-9190	143	10	-	-	PUNCT
cjal-9190	143	11	market	market	NOUN
cjal-9190	143	12	forces	force	NOUN
cjal-9190	143	13	and	and	CCONJ
cjal-9190	143	14	increasingly	increasingly	ADV
cjal-9190	143	15	perform	perform	VERB
cjal-9190	143	16	an	an	DET
cjal-9190	143	17	important	important	ADJ
cjal-9190	143	18	corporate	corporate	ADJ
cjal-9190	143	19	governance	governance	NOUN
cjal-9190	143	20	role	role	NOUN
cjal-9190	143	21	—	—	PUNCT
cjal-9190	143	22	with	with	ADP
cjal-9190	143	23	the	the	DET
cjal-9190	143	24	ccp	ccp	PROPN
cjal-9190	143	25	using	use	VERB
cjal-9190	143	26	its	its	PRON
cjal-9190	143	27	policy	policy	NOUN
cjal-9190	143	28	channeling	channel	VERB
cjal-9190	143	29	in	in	ADP
cjal-9190	143	30	a	a	DET
cjal-9190	143	31	targeted	target	VERB
cjal-9190	143	32	way	way	NOUN
cjal-9190	143	33	to	to	PART
cjal-9190	143	34	stabilize	stabilize	VERB
cjal-9190	143	35	the	the	DET
cjal-9190	143	36	market	market	NOUN
cjal-9190	143	37	in	in	ADP
cjal-9190	143	38	times	time	NOUN
cjal-9190	143	39	of	of	ADP
cjal-9190	143	40	crisis	crisis	NOUN
cjal-9190	143	41	,	,	PUNCT
cjal-9190	143	42	execute	execute	VERB
cjal-9190	143	43	important	important	ADJ
cjal-9190	143	44	legal	legal	ADJ
cjal-9190	143	45	and	and	CCONJ
cjal-9190	143	46	market	market	NOUN
cjal-9190	143	47	reforms	reform	NOUN
cjal-9190	143	48	,	,	PUNCT
cjal-9190	143	49	and	and	CCONJ
cjal-9190	143	50	to	to	PART
cjal-9190	143	51	maintain	maintain	VERB
cjal-9190	143	52	calm	calm	NOUN
cjal-9190	143	53	in	in	ADP
cjal-9190	143	54	society	society	NOUN
cjal-9190	143	55	during	during	ADP
cjal-9190	143	56	critical	critical	ADJ
cjal-9190	143	57	political	political	ADJ
cjal-9190	143	58	events	event	NOUN
cjal-9190	143	59	.	.	PUNCT
cjal-9190	144	1	this	this	PRON
cjal-9190	144	2	is	be	AUX
cjal-9190	144	3	what	what	PRON
cjal-9190	144	4	we	we	PRON
cjal-9190	144	5	term	term	VERB
cjal-9190	144	6	as	as	ADP
cjal-9190	144	7	the	the	DET
cjal-9190	144	8	“	"	PUNCT
cjal-9190	144	9	market	market	NOUN
cjal-9190	144	10	within	within	ADP
cjal-9190	144	11	the	the	DET
cjal-9190	144	12	state	state	NOUN
cjal-9190	144	13	”	"	PUNCT
cjal-9190	144	14	for	for	ADP
cjal-9190	144	15	institutional	institutional	ADJ
cjal-9190	144	16	investors	investor	NOUN
cjal-9190	144	17	in	in	ADP
cjal-9190	144	18	china.36	china.36	PROPN
cjal-9190	144	19	ii	ii	PROPN
cjal-9190	144	20	.	.	PUNCT
cjal-9190	145	1	the	the	DET
cjal-9190	145	2	rise	rise	NOUN
cjal-9190	145	3	of	of	ADP
cjal-9190	145	4	institutional	institutional	ADJ
cjal-9190	145	5	investors	investor	NOUN
cjal-9190	145	6	in	in	ADP
cjal-9190	145	7	china	china	PROPN
cjal-9190	145	8	–	–	PUNCT
cjal-9190	145	9	a	a	DET
cjal-9190	145	10	remarkable	remarkable	ADJ
cjal-9190	145	11	,	,	PUNCT
cjal-9190	145	12	yet	yet	ADV
cjal-9190	145	13	overlooked	overlook	VERB
cjal-9190	145	14	,	,	PUNCT
cjal-9190	145	15	history	history	NOUN
cjal-9190	145	16	a.	a.	NOUN
cjal-9190	145	17	institutional	institutional	PROPN
cjal-9190	145	18	investors	investor	NOUN
cjal-9190	145	19	in	in	ADP
cjal-9190	145	20	china	china	PROPN
cjal-9190	145	21	can	can	AUX
cjal-9190	145	22	no	no	ADV
cjal-9190	145	23	longer	long	ADV
cjal-9190	145	24	be	be	AUX
cjal-9190	145	25	ignored	ignore	VERB
cjal-9190	145	26	ronald	ronald	PROPN
cjal-9190	145	27	gilson	gilson	PROPN
cjal-9190	145	28	&	&	CCONJ
cjal-9190	145	29	curtis	curtis	PROPN
cjal-9190	145	30	milhaupt	milhaupt	PROPN
cjal-9190	145	31	,	,	PUNCT
cjal-9190	145	32	shifting	shift	VERB
cjal-9190	145	33	influences	influence	NOUN
cjal-9190	145	34	on	on	ADP
cjal-9190	145	35	corporate	corporate	ADJ
cjal-9190	145	36	governance	governance	NOUN
cjal-9190	145	37	:	:	PUNCT
cjal-9190	145	38	capital	capital	NOUN
cjal-9190	145	39	market	market	NOUN
cjal-9190	145	40	completeness	completeness	NOUN
cjal-9190	145	41	and	and	CCONJ
cjal-9190	145	42	policy	policy	NOUN
cjal-9190	145	43	channeling	channeling	NOUN
cjal-9190	145	44	(	(	PUNCT
cjal-9190	145	45	ecgi	ecgi	NOUN
cjal-9190	145	46	law	law	NOUN
cjal-9190	145	47	working	working	NOUN
cjal-9190	145	48	paper	paper	NOUN
cjal-9190	145	49	no	no	INTJ
cjal-9190	145	50	.	.	PUNCT
cjal-9190	146	1	546/2020	546/2020	NUM
cjal-9190	146	2	,	,	PUNCT
cjal-9190	146	3	jan	jan	PROPN
cjal-9190	146	4	.	.	PROPN
cjal-9190	146	5	2021	2021	NUM
cjal-9190	146	6	)	)	PUNCT
cjal-9190	146	7	,	,	PUNCT
cjal-9190	147	1	https://ssrn.com/abstract=3695309	https://ssrn.com/abstract=3695309	PROPN
cjal-9190	147	2	.	.	PUNCT
cjal-9190	148	1	in	in	ADP
cjal-9190	148	2	this	this	DET
cjal-9190	148	3	article	article	NOUN
cjal-9190	148	4	,	,	PUNCT
cjal-9190	148	5	we	we	PRON
cjal-9190	148	6	extend	extend	VERB
cjal-9190	148	7	the	the	DET
cjal-9190	148	8	use	use	NOUN
cjal-9190	148	9	of	of	ADP
cjal-9190	148	10	the	the	DET
cjal-9190	148	11	term	term	NOUN
cjal-9190	148	12	“	"	PUNCT
cjal-9190	148	13	policy	policy	NOUN
cjal-9190	148	14	channeling	channeling	NOUN
cjal-9190	148	15	”	"	PUNCT
cjal-9190	148	16	to	to	ADP
cjal-9190	148	17	institutional	institutional	ADJ
cjal-9190	148	18	investors	investor	NOUN
cjal-9190	148	19	in	in	ADP
cjal-9190	148	20	china	china	PROPN
cjal-9190	148	21	.	.	PUNCT
cjal-9190	149	1	in	in	ADP
cjal-9190	149	2	this	this	DET
cjal-9190	149	3	context	context	NOUN
cjal-9190	149	4	,	,	PUNCT
cjal-9190	149	5	“	"	PUNCT
cjal-9190	149	6	policy	policy	NOUN
cjal-9190	149	7	channeling	channeling	NOUN
cjal-9190	149	8	”	"	PUNCT
cjal-9190	149	9	refers	refer	VERB
cjal-9190	149	10	to	to	ADP
cjal-9190	149	11	the	the	DET
cjal-9190	149	12	ccp	ccp	PROPN
cjal-9190	149	13	’s	’s	PART
cjal-9190	149	14	instrumental	instrumental	ADJ
cjal-9190	149	15	use	use	NOUN
cjal-9190	149	16	of	of	ADP
cjal-9190	149	17	institutional	institutional	ADJ
cjal-9190	149	18	investors	investor	NOUN
cjal-9190	149	19	for	for	ADP
cjal-9190	149	20	economic	economic	ADJ
cjal-9190	149	21	policies	policy	NOUN
cjal-9190	149	22	or	or	CCONJ
cjal-9190	149	23	social	social	ADJ
cjal-9190	149	24	purposes	purpose	NOUN
cjal-9190	149	25	—	—	PUNCT
cjal-9190	149	26	as	as	SCONJ
cjal-9190	149	27	opposed	oppose	VERB
cjal-9190	149	28	to	to	ADP
cjal-9190	149	29	institutional	institutional	ADJ
cjal-9190	149	30	investors	investor	NOUN
cjal-9190	149	31	focusing	focus	VERB
cjal-9190	149	32	on	on	ADP
cjal-9190	149	33	maximizing	maximize	VERB
cjal-9190	149	34	the	the	DET
cjal-9190	149	35	value	value	NOUN
cjal-9190	149	36	of	of	ADP
cjal-9190	149	37	the	the	DET
cjal-9190	149	38	funds	fund	NOUN
cjal-9190	149	39	they	they	PRON
cjal-9190	149	40	own	own	VERB
cjal-9190	149	41	/	/	SYM
cjal-9190	149	42	manage	manage	VERB
cjal-9190	149	43	.	.	PUNCT
cjal-9190	150	1	35	35	NUM
cjal-9190	150	2	howson	howson	PROPN
cjal-9190	150	3	,	,	PUNCT
cjal-9190	150	4	supra	supra	PROPN
cjal-9190	150	5	note	note	NOUN
cjal-9190	150	6	9	9	NUM
cjal-9190	150	7	,	,	PUNCT
cjal-9190	150	8	at	at	ADP
cjal-9190	150	9	52	52	NUM
cjal-9190	150	10	;	;	PUNCT
cjal-9190	150	11	wang	wang	PROPN
cjal-9190	150	12	&	&	CCONJ
cjal-9190	150	13	tan	tan	PROPN
cjal-9190	150	14	,	,	PUNCT
cjal-9190	150	15	supra	supra	PROPN
cjal-9190	150	16	note	note	NOUN
cjal-9190	150	17	10	10	NUM
cjal-9190	150	18	,	,	PUNCT
cjal-9190	150	19	at	at	ADP
cjal-9190	150	20	1094	1094	NUM
cjal-9190	150	21	.	.	PUNCT
cjal-9190	151	1	36	36	NUM
cjal-9190	151	2	the	the	DET
cjal-9190	151	3	term	term	NOUN
cjal-9190	151	4	“	"	PUNCT
cjal-9190	151	5	market	market	NOUN
cjal-9190	151	6	in	in	ADP
cjal-9190	151	7	state	state	NOUN
cjal-9190	151	8	”	"	PUNCT
cjal-9190	151	9	was	be	AUX
cjal-9190	151	10	coined	coin	VERB
cjal-9190	151	11	by	by	ADP
cjal-9190	151	12	yongnian	yongnian	PROPN
cjal-9190	151	13	zheng	zheng	PROPN
cjal-9190	151	14	and	and	CCONJ
cjal-9190	151	15	yanjie	yanjie	PROPN
cjal-9190	151	16	huang	huang	PROPN
cjal-9190	151	17	in	in	ADP
cjal-9190	151	18	their	their	PRON
cjal-9190	151	19	book	book	NOUN
cjal-9190	151	20	,	,	PUNCT
cjal-9190	151	21	market	market	NOUN
cjal-9190	151	22	in	in	ADP
cjal-9190	151	23	state	state	NOUN
cjal-9190	151	24	:	:	PUNCT
cjal-9190	151	25	the	the	DET
cjal-9190	151	26	political	political	ADJ
cjal-9190	151	27	economy	economy	NOUN
cjal-9190	151	28	of	of	ADP
cjal-9190	151	29	domination	domination	NOUN
cjal-9190	151	30	in	in	ADP
cjal-9190	151	31	china	china	PROPN
cjal-9190	151	32	(	(	PUNCT
cjal-9190	151	33	cambridge	cambridge	PROPN
cjal-9190	151	34	university	university	PROPN
cjal-9190	151	35	press	press	NOUN
cjal-9190	151	36	,	,	PUNCT
cjal-9190	151	37	2018	2018	NUM
cjal-9190	151	38	)	)	PUNCT
cjal-9190	151	39	.	.	PUNCT
cjal-9190	152	1	2022	2022	NUM
cjal-9190	152	2	]	]	PUNCT
cjal-9190	152	3	columbia	columbia	PROPN
cjal-9190	152	4	journal	journal	PROPN
cjal-9190	152	5	of	of	ADP
cjal-9190	152	6	asian	asian	ADJ
cjal-9190	152	7	law	law	PROPN
cjal-9190	152	8	85	85	NUM
cjal-9190	152	9	the	the	DET
cjal-9190	152	10	meteoric	meteoric	ADJ
cjal-9190	152	11	rise	rise	NOUN
cjal-9190	152	12	of	of	ADP
cjal-9190	152	13	institutional	institutional	ADJ
cjal-9190	152	14	investors	investor	NOUN
cjal-9190	152	15	in	in	ADP
cjal-9190	152	16	china	china	PROPN
cjal-9190	152	17	is	be	AUX
cjal-9190	152	18	difficult	difficult	ADJ
cjal-9190	152	19	to	to	PART
cjal-9190	152	20	overstate	overstate	VERB
cjal-9190	152	21	.	.	PUNCT
cjal-9190	153	1	as	as	SCONJ
cjal-9190	153	2	is	be	AUX
cjal-9190	153	3	clear	clear	ADJ
cjal-9190	153	4	in	in	ADP
cjal-9190	153	5	chart	chart	NOUN
cjal-9190	153	6	1	1	NUM
cjal-9190	153	7	below	below	ADV
cjal-9190	153	8	,	,	PUNCT
cjal-9190	153	9	in	in	ADP
cjal-9190	153	10	2003	2003	NUM
cjal-9190	153	11	the	the	DET
cjal-9190	153	12	percentage	percentage	NOUN
cjal-9190	153	13	of	of	ADP
cjal-9190	153	14	the	the	DET
cjal-9190	153	15	a	a	DET
cjal-9190	153	16	-	-	PUNCT
cjal-9190	153	17	shares	share	NOUN
cjal-9190	153	18	market	market	NOUN
cjal-9190	153	19	owned	own	VERB
cjal-9190	153	20	by	by	ADP
cjal-9190	153	21	institutional	institutional	ADJ
cjal-9190	153	22	investors	investor	NOUN
cjal-9190	153	23	was	be	AUX
cjal-9190	153	24	a	a	DET
cjal-9190	153	25	miniscule	miniscule	ADJ
cjal-9190	153	26	1.4	1.4	NUM
cjal-9190	153	27	%	%	NOUN
cjal-9190	153	28	.	.	PUNCT
cjal-9190	154	1	by	by	ADP
cjal-9190	154	2	2008	2008	NUM
cjal-9190	154	3	,	,	PUNCT
cjal-9190	154	4	the	the	DET
cjal-9190	154	5	percentage	percentage	NOUN
cjal-9190	154	6	of	of	ADP
cjal-9190	154	7	institutional	institutional	ADJ
cjal-9190	154	8	investor	investor	NOUN
cjal-9190	154	9	ownership	ownership	NOUN
cjal-9190	154	10	had	have	AUX
cjal-9190	154	11	increased	increase	VERB
cjal-9190	154	12	more	more	ADJ
cjal-9190	154	13	than	than	ADP
cjal-9190	154	14	eightfold	eightfold	ADJ
cjal-9190	154	15	to	to	ADP
cjal-9190	154	16	11.8	11.8	NUM
cjal-9190	154	17	%	%	NOUN
cjal-9190	154	18	.	.	PUNCT
cjal-9190	155	1	as	as	ADP
cjal-9190	155	2	of	of	ADP
cjal-9190	155	3	2018	2018	NUM
cjal-9190	155	4	,	,	PUNCT
cjal-9190	155	5	institutional	institutional	ADJ
cjal-9190	155	6	investors	investor	NOUN
cjal-9190	155	7	held	hold	VERB
cjal-9190	155	8	18.7	18.7	NUM
cjal-9190	155	9	%	%	NOUN
cjal-9190	155	10	of	of	ADP
cjal-9190	155	11	the	the	DET
cjal-9190	155	12	market	market	NOUN
cjal-9190	155	13	capitalization	capitalization	NOUN
cjal-9190	155	14	of	of	ADP
cjal-9190	155	15	a	a	DET
cjal-9190	155	16	-	-	PUNCT
cjal-9190	155	17	shares	share	NOUN
cjal-9190	155	18	.	.	PUNCT
cjal-9190	156	1	chart	chart	NOUN
cjal-9190	156	2	1	1	NUM
cjal-9190	156	3	:	:	PUNCT
cjal-9190	156	4	a	a	DET
cjal-9190	156	5	-	-	PUNCT
cjal-9190	156	6	shares	share	NOUN
cjal-9190	156	7	investors	investor	NOUN
cjal-9190	156	8	based	base	VERB
cjal-9190	156	9	on	on	ADP
cjal-9190	156	10	market	market	NOUN
cjal-9190	156	11	capitalization	capitalization	NOUN
cjal-9190	156	12	(	(	PUNCT
cjal-9190	156	13	2003	2003	NUM
cjal-9190	156	14	to	to	ADP
cjal-9190	156	15	2018)37	2018)37	NUM
cjal-9190	156	16	37	37	NUM
cjal-9190	156	17	the	the	DET
cjal-9190	156	18	data	datum	NOUN
cjal-9190	156	19	is	be	AUX
cjal-9190	156	20	taken	take	VERB
cjal-9190	156	21	from	from	ADP
cjal-9190	156	22	cicc	cicc	NOUN
cjal-9190	156	23	global	global	PROPN
cjal-9190	156	24	institute	institute	PROPN
cjal-9190	156	25	(	(	PUNCT
cjal-9190	156	26	中金公司研究部	中金公司研究部	PROPN
cjal-9190	156	27	)	)	PUNCT
cjal-9190	156	28	,	,	PUNCT
cjal-9190	156	29	cicc	cicc	VERB
cjal-9190	156	30	:	:	PUNCT
cjal-9190	156	31	the	the	DET
cjal-9190	156	32	proportion	proportion	NOUN
cjal-9190	156	33	of	of	ADP
cjal-9190	156	34	retail	retail	ADJ
cjal-9190	156	35	investor	investor	NOUN
cjal-9190	156	36	in	in	ADP
cjal-9190	156	37	a	a	DET
cjal-9190	156	38	-	-	PUNCT
cjal-9190	156	39	shares	share	NOUN
cjal-9190	156	40	market	market	NOUN
cjal-9190	156	41	has	have	AUX
cjal-9190	156	42	declined	decline	VERB
cjal-9190	156	43	significantly	significantly	ADV
cjal-9190	156	44	(	(	PUNCT
cjal-9190	156	45	“	"	PUNCT
cjal-9190	156	46	中金	中金	VERB
cjal-9190	156	47	公	公	PROPN
cjal-9190	156	48	司	司	X
cjal-9190	156	49	：	：	PUNCT
cjal-9190	156	50	a	a	DET
cjal-9190	156	51	股	股	X
cjal-9190	156	52	“	"	PUNCT
cjal-9190	156	53	散	散	PROPN
cjal-9190	156	54	户	户	CCONJ
cjal-9190	156	55	化	化	PROPN
cjal-9190	156	56	”	"	PUNCT
cjal-9190	156	57	已	已	PROPN
cjal-9190	156	58	经	经	PROPN
cjal-9190	156	59	明	明	PROPN
cjal-9190	156	60	显	显	PROPN
cjal-9190	156	61	下	下	PROPN
cjal-9190	156	62	降	降	PROPN
cjal-9190	156	63	”	"	PUNCT
cjal-9190	156	64	)	)	PUNCT
cjal-9190	156	65	(	(	PUNCT
cjal-9190	156	66	july	july	PROPN
cjal-9190	156	67	2	2	NUM
cjal-9190	156	68	,	,	PUNCT
cjal-9190	156	69	2019	2019	NUM
cjal-9190	156	70	)	)	PUNCT
cjal-9190	156	71	,	,	PUNCT
cjal-9190	156	72	https://m.21jingji.com/article/20190702/herald/b39f0f661609f2353cdfafbb8d88b97	https://m.21jingji.com/article/20190702/herald/b39f0f661609f2353cdfafbb8d88b97	PROPN
cjal-9190	156	73	4.html	4.html	NUM
cjal-9190	156	74	.	.	PUNCT
cjal-9190	157	1	other	other	ADJ
cjal-9190	157	2	institutions	institution	NOUN
cjal-9190	157	3	include	include	VERB
cjal-9190	157	4	other	other	ADJ
cjal-9190	157	5	professional	professional	ADJ
cjal-9190	157	6	institutions	institution	NOUN
cjal-9190	157	7	(	(	PUNCT
cjal-9190	157	8	其他专业机构	其他专业机构	PROPN
cjal-9190	157	9	)	)	PUNCT
cjal-9190	157	10	and	and	CCONJ
cjal-9190	157	11	products	product	NOUN
cjal-9190	157	12	(	(	PUNCT
cjal-9190	157	13	such	such	ADJ
cjal-9190	157	14	as	as	ADP
cjal-9190	157	15	asset	asset	NOUN
cjal-9190	157	16	management	management	NOUN
cjal-9190	157	17	plans	plan	NOUN
cjal-9190	157	18	of	of	ADP
cjal-9190	157	19	futures	future	NOUN
cjal-9190	157	20	firms	firm	NOUN
cjal-9190	157	21	(	(	PUNCT
cjal-9190	157	22	期货公司资产管理计	期货公司资产管理计	ADJ
cjal-9190	157	23	划	划	NOUN
cjal-9190	157	24	)	)	PUNCT
cjal-9190	157	25	,	,	PUNCT
cjal-9190	157	26	financial	financial	ADJ
cjal-9190	157	27	companies	company	NOUN
cjal-9190	157	28	(	(	PUNCT
cjal-9190	157	29	财务公司	财务公司	NOUN
cjal-9190	157	30	)	)	PUNCT
cjal-9190	157	31	,	,	PUNCT
cjal-9190	157	32	and	and	CCONJ
cjal-9190	157	33	wealth	wealth	NOUN
cjal-9190	157	34	management	management	NOUN
cjal-9190	157	35	products	product	NOUN
cjal-9190	157	36	of	of	ADP
cjal-9190	157	37	commercial	commercial	ADJ
cjal-9190	157	38	banks	bank	NOUN
cjal-9190	157	39	(	(	PUNCT
cjal-9190	157	40	商业银行理财产品	商业银行理财产品	NOUN
cjal-9190	157	41	)	)	PUNCT
cjal-9190	157	42	)	)	PUNCT
cjal-9190	157	43	.	.	PUNCT
cjal-9190	158	1	total	total	ADJ
cjal-9190	158	2	institutional	institutional	ADJ
cjal-9190	158	3	investors	investor	NOUN
cjal-9190	158	4	refer	refer	VERB
cjal-9190	158	5	to	to	ADP
cjal-9190	158	6	investors	investor	NOUN
cjal-9190	158	7	excluding	exclude	VERB
cjal-9190	158	8	estimated	estimate	VERB
cjal-9190	158	9	individual	individual	ADJ
cjal-9190	158	10	investors	investor	NOUN
cjal-9190	158	11	,	,	PUNCT
cjal-9190	158	12	large	large	ADJ
cjal-9190	158	13	shareholders	shareholder	NOUN
cjal-9190	158	14	and	and	CCONJ
cjal-9190	158	15	related	related	ADJ
cjal-9190	158	16	parties	party	NOUN
cjal-9190	158	17	.	.	PUNCT
cjal-9190	159	1	70.6%70.0%70.3	70.6%70.0%70.3	NUM
cjal-9190	159	2	%	%	NOUN
cjal-9190	159	3	75.3%76.4	75.3%76.4	NOUN
cjal-9190	159	4	%	%	NOUN
cjal-9190	159	5	69.9	69.9	NUM
cjal-9190	159	6	%	%	NOUN
cjal-9190	159	7	66.4%66.5%66.3%64.6	66.4%66.5%66.3%64.6	NUM
cjal-9190	159	8	%	%	NOUN
cjal-9190	159	9	61.8%61.4%59.7%60.1%59.8%60.5	61.8%61.4%59.7%60.1%59.8%60.5	NUM
cjal-9190	159	10	%	%	NOUN
cjal-9190	159	11	28.0%27.4	28.0%27.4	NUM
cjal-9190	159	12	%	%	NOUN
cjal-9190	159	13	23.7	23.7	NUM
cjal-9190	159	14	%	%	NOUN
cjal-9190	159	15	17.5%13.5	17.5%13.5	NUM
cjal-9190	159	16	%	%	NOUN
cjal-9190	159	17	18.3	18.3	NUM
cjal-9190	159	18	%	%	NOUN
cjal-9190	159	19	22.0%23.8%22.8%24.0	22.0%23.8%22.8%24.0	NUM
cjal-9190	159	20	%	%	NOUN
cjal-9190	159	21	26.6	26.6	NUM
cjal-9190	159	22	%	%	NOUN
cjal-9190	159	23	2	2	NUM
cjal-9190	159	24	…	…	SYM
cjal-9190	159	25	24.8%23.8%23.1%20.7	24.8%23.8%23.1%20.7	NUM
cjal-9190	159	26	%	%	NOUN
cjal-9190	159	27	0.7	0.7	NUM
cjal-9190	159	28	%	%	NOUN
cjal-9190	159	29	0.9%0.9%0.9%0.9%1.5%1.5%1.5	0.9%0.9%0.9%0.9%1.5%1.5%1.5	NOUN
cjal-9190	159	30	%	%	NOUN
cjal-9190	159	31	1.1%1.3%2.1	1.1%1.3%2.1	NUM
cjal-9190	159	32	%	%	NOUN
cjal-9190	159	33	2.7	2.7	NUM
cjal-9190	159	34	%	%	NOUN
cjal-9190	159	35	3.2%2.9%3.5%3.3	3.2%2.9%3.5%3.3	NUM
cjal-9190	159	36	%	%	NOUN
cjal-9190	159	37	2.4%3.8%2.8%3.6	2.4%3.8%2.8%3.6	NUM
cjal-9190	159	38	%	%	NOUN
cjal-9190	159	39	4.0	4.0	NUM
cjal-9190	159	40	%	%	NOUN
cjal-9190	159	41	1.8	1.8	NUM
cjal-9190	159	42	%	%	NOUN
cjal-9190	159	43	2.2%3.4%2.4%2.4%3.2%3.2%3.3%2.8%3.2%3.5%2.9%3.5	2.2%3.4%2.4%2.4%3.2%3.2%3.3%2.8%3.2%3.5%2.9%3.5	NUM
cjal-9190	159	44	%	%	NOUN
cjal-9190	159	45	1.4%2.6%2.0%4.5%6.6%6.0%6.8%5.7%4.8%4.7%4.2%3.3%2.0%1.7%2.3%2.5	1.4%2.6%2.0%4.5%6.6%6.0%6.8%5.7%4.8%4.7%4.2%3.3%2.0%1.7%2.3%2.5	NUM
cjal-9190	159	46	%	%	NOUN
cjal-9190	159	47	1.4	1.4	NUM
cjal-9190	159	48	%	%	NOUN
cjal-9190	159	49	2.6	2.6	NUM
cjal-9190	159	50	%	%	NOUN
cjal-9190	159	51	6.0	6.0	NUM
cjal-9190	159	52	%	%	NOUN
cjal-9190	159	53	7.2	7.2	NUM
cjal-9190	159	54	%	%	NOUN
cjal-9190	159	55	10.1	10.1	NUM
cjal-9190	159	56	%	%	NOUN
cjal-9190	159	57	11.8%11.5	11.8%11.5	NUM
cjal-9190	159	58	%	%	NOUN
cjal-9190	159	59	10.7%10.8%11.3%11.6	10.7%10.8%11.3%11.6	NUM
cjal-9190	159	60	%	%	NOUN
cjal-9190	159	61	10.6	10.6	NUM
cjal-9190	159	62	%	%	NOUN
cjal-9190	159	63	15.5	15.5	NUM
cjal-9190	159	64	%	%	NOUN
cjal-9190	159	65	16.2	16.2	NUM
cjal-9190	159	66	%	%	NOUN
cjal-9190	159	67	17.1	17.1	NUM
cjal-9190	159	68	%	%	NOUN
cjal-9190	159	69	18.7	18.7	NUM
cjal-9190	159	70	%	%	NOUN
cjal-9190	159	71	0.0	0.0	NUM
cjal-9190	159	72	%	%	NOUN
cjal-9190	159	73	5.0	5.0	NUM
cjal-9190	159	74	%	%	NOUN
cjal-9190	159	75	10.0	10.0	NUM
cjal-9190	159	76	%	%	NOUN
cjal-9190	159	77	15.0	15.0	NUM
cjal-9190	159	78	%	%	NOUN
cjal-9190	159	79	20.0	20.0	NUM
cjal-9190	159	80	%	%	NOUN
cjal-9190	159	81	25.0	25.0	NUM
cjal-9190	159	82	%	%	NOUN
cjal-9190	159	83	30.0	30.0	NUM
cjal-9190	159	84	%	%	NOUN
cjal-9190	159	85	35.0	35.0	NUM
cjal-9190	159	86	%	%	NOUN
cjal-9190	159	87	40.0	40.0	NUM
cjal-9190	159	88	%	%	NOUN
cjal-9190	159	89	45.0	45.0	NUM
cjal-9190	159	90	%	%	NOUN
cjal-9190	159	91	50.0	50.0	NUM
cjal-9190	159	92	%	%	NOUN
cjal-9190	159	93	0	0	NUM
cjal-9190	159	94	%	%	NOUN
cjal-9190	159	95	10	10	NUM
cjal-9190	159	96	%	%	NOUN
cjal-9190	159	97	20	20	NUM
cjal-9190	159	98	%	%	NOUN
cjal-9190	159	99	30	30	NUM
cjal-9190	159	100	%	%	NOUN
cjal-9190	159	101	40	40	NUM
cjal-9190	159	102	%	%	NOUN
cjal-9190	159	103	50	50	NUM
cjal-9190	159	104	%	%	NOUN
cjal-9190	159	105	60	60	NUM
cjal-9190	159	106	%	%	NOUN
cjal-9190	159	107	70	70	NUM
cjal-9190	159	108	%	%	NOUN
cjal-9190	159	109	80	80	NUM
cjal-9190	159	110	%	%	NOUN
cjal-9190	159	111	90	90	NUM
cjal-9190	159	112	%	%	NOUN
cjal-9190	159	113	100	100	NUM
cjal-9190	159	114	%	%	NOUN
cjal-9190	159	115	20	20	NUM
cjal-9190	159	116	03	03	NUM
cjal-9190	159	117	20	20	NUM
cjal-9190	159	118	04	04	NUM
cjal-9190	159	119	20	20	NUM
cjal-9190	159	120	05	05	NUM
cjal-9190	159	121	20	20	NUM
cjal-9190	159	122	06	06	NUM
cjal-9190	159	123	20	20	NUM
cjal-9190	159	124	07	07	NUM
cjal-9190	159	125	20	20	NUM
cjal-9190	159	126	08	08	NUM
cjal-9190	159	127	20	20	NUM
cjal-9190	159	128	09	09	NUM
cjal-9190	159	129	20	20	NUM
cjal-9190	159	130	10	10	NUM
cjal-9190	159	131	20	20	NUM
cjal-9190	159	132	11	11	NUM
cjal-9190	159	133	20	20	NUM
cjal-9190	159	134	12	12	NUM
cjal-9190	159	135	20	20	NUM
cjal-9190	159	136	13	13	NUM
cjal-9190	159	137	20	20	NUM
cjal-9190	159	138	14	14	NUM
cjal-9190	159	139	20	20	NUM
cjal-9190	159	140	15	15	NUM
cjal-9190	159	141	20	20	NUM
cjal-9190	159	142	16	16	NUM
cjal-9190	159	143	20	20	NUM
cjal-9190	159	144	17	17	NUM
cjal-9190	159	145	20	20	NUM
cjal-9190	159	146	18	18	NUM
cjal-9190	159	147	public	public	ADJ
cjal-9190	159	148	raised	raise	VERB
cjal-9190	159	149	fund	fund	NOUN
cjal-9190	159	150	insurance	insurance	NOUN
cjal-9190	159	151	social	social	ADJ
cjal-9190	159	152	security	security	NOUN
cjal-9190	159	153	fund	fund	NOUN
cjal-9190	159	154	brokerage	brokerage	NOUN
cjal-9190	159	155	private	private	ADJ
cjal-9190	159	156	fund	fund	NOUN
cjal-9190	159	157	corporate	corporate	ADJ
cjal-9190	159	158	pension	pension	NOUN
cjal-9190	159	159	trust	trust	NOUN
cjal-9190	159	160	other	other	ADJ
cjal-9190	159	161	institutions	institution	NOUN
cjal-9190	159	162	foreign	foreign	ADJ
cjal-9190	159	163	capital	capital	NOUN
cjal-9190	159	164	estimated	estimate	VERB
cjal-9190	159	165	indivudal	indivudal	ADJ
cjal-9190	159	166	investors	investor	NOUN
cjal-9190	159	167	large	large	ADJ
cjal-9190	159	168	shareholders	shareholder	NOUN
cjal-9190	159	169	and	and	CCONJ
cjal-9190	159	170	related	related	ADJ
cjal-9190	159	171	parties	party	NOUN
cjal-9190	159	172	total	total	VERB
cjal-9190	159	173	institutional	institutional	ADJ
cjal-9190	159	174	investors	investor	NOUN
cjal-9190	159	175	86	86	NUM
cjal-9190	159	176	institutional	institutional	ADJ
cjal-9190	159	177	investors	investor	NOUN
cjal-9190	159	178	in	in	ADP
cjal-9190	159	179	china	china	PROPN
cjal-9190	160	1	[	[	X
cjal-9190	160	2	vol	vol	NOUN
cjal-9190	160	3	.	.	PUNCT
cjal-9190	160	4	35	35	NUM
cjal-9190	160	5	:	:	SYM
cjal-9190	160	6	74	74	NUM
cjal-9190	160	7	the	the	DET
cjal-9190	160	8	increase	increase	NOUN
cjal-9190	160	9	in	in	ADP
cjal-9190	160	10	control	control	NOUN
cjal-9190	160	11	that	that	SCONJ
cjal-9190	160	12	institutional	institutional	ADJ
cjal-9190	160	13	investors	investor	NOUN
cjal-9190	160	14	have	have	VERB
cjal-9190	160	15	over	over	ADP
cjal-9190	160	16	the	the	DET
cjal-9190	160	17	free	free	ADJ
cjal-9190	160	18	-	-	PUNCT
cjal-9190	160	19	float	float	NOUN
cjal-9190	160	20	in	in	ADP
cjal-9190	160	21	china	china	PROPN
cjal-9190	160	22	’s	’s	PART
cjal-9190	160	23	a	a	DET
cjal-9190	160	24	-	-	PUNCT
cjal-9190	160	25	shares	share	NOUN
cjal-9190	160	26	market	market	NOUN
cjal-9190	160	27	has	have	AUX
cjal-9190	160	28	been	be	AUX
cjal-9190	160	29	equally	equally	ADV
cjal-9190	160	30	dramatic.38	dramatic.38	ADJ
cjal-9190	160	31	as	as	SCONJ
cjal-9190	160	32	is	be	AUX
cjal-9190	160	33	evident	evident	ADJ
cjal-9190	160	34	in	in	ADP
cjal-9190	160	35	chart	chart	NOUN
cjal-9190	160	36	2	2	NUM
cjal-9190	160	37	below	below	ADV
cjal-9190	160	38	,	,	PUNCT
cjal-9190	160	39	in	in	ADP
cjal-9190	160	40	2003	2003	NUM
cjal-9190	160	41	institutional	institutional	ADJ
cjal-9190	160	42	investors	investor	NOUN
cjal-9190	160	43	controlled	control	VERB
cjal-9190	160	44	merely	merely	ADV
cjal-9190	160	45	4.6	4.6	NUM
cjal-9190	160	46	%	%	NOUN
cjal-9190	160	47	of	of	ADP
cjal-9190	160	48	the	the	DET
cjal-9190	160	49	free	free	ADJ
cjal-9190	160	50	-	-	PUNCT
cjal-9190	160	51	float	float	NOUN
cjal-9190	160	52	of	of	ADP
cjal-9190	160	53	a	a	DET
cjal-9190	160	54	-	-	PUNCT
cjal-9190	160	55	shares	share	NOUN
cjal-9190	160	56	.	.	PUNCT
cjal-9190	161	1	by	by	ADP
cjal-9190	161	2	2007	2007	NUM
cjal-9190	161	3	,	,	PUNCT
cjal-9190	161	4	the	the	DET
cjal-9190	161	5	portion	portion	NOUN
cjal-9190	161	6	of	of	ADP
cjal-9190	161	7	the	the	DET
cjal-9190	161	8	free	free	ADJ
cjal-9190	161	9	-	-	PUNCT
cjal-9190	161	10	float	float	NOUN
cjal-9190	161	11	controlled	control	VERB
cjal-9190	161	12	by	by	ADP
cjal-9190	161	13	institutional	institutional	ADJ
cjal-9190	161	14	investors	investor	NOUN
cjal-9190	161	15	had	have	AUX
cjal-9190	161	16	increased	increase	VERB
cjal-9190	161	17	more	more	ADJ
cjal-9190	161	18	than	than	ADP
cjal-9190	161	19	ninefold	ninefold	ADV
cjal-9190	161	20	to	to	ADP
cjal-9190	161	21	42.9	42.9	NUM
cjal-9190	161	22	%	%	NOUN
cjal-9190	161	23	and	and	CCONJ
cjal-9190	161	24	in	in	ADP
cjal-9190	161	25	2018	2018	NUM
cjal-9190	161	26	,	,	PUNCT
cjal-9190	161	27	reached	reach	VERB
cjal-9190	161	28	47.5%—making	47.5%—make	VERB
cjal-9190	161	29	institutional	institutional	ADJ
cjal-9190	161	30	investors	investor	NOUN
cjal-9190	161	31	china	china	PROPN
cjal-9190	161	32	’s	’s	PART
cjal-9190	161	33	most	most	ADV
cjal-9190	161	34	important	important	ADJ
cjal-9190	161	35	minority	minority	NOUN
cjal-9190	161	36	shareholders	shareholder	NOUN
cjal-9190	161	37	.	.	PUNCT
cjal-9190	162	1	as	as	ADP
cjal-9190	162	2	such	such	ADJ
cjal-9190	162	3	,	,	PUNCT
cjal-9190	162	4	it	it	PRON
cjal-9190	162	5	is	be	AUX
cjal-9190	162	6	now	now	ADV
cjal-9190	162	7	clear	clear	ADJ
cjal-9190	162	8	that	that	SCONJ
cjal-9190	162	9	institutional	institutional	ADJ
cjal-9190	162	10	investors	investor	NOUN
cjal-9190	162	11	are	be	AUX
cjal-9190	162	12	an	an	DET
cjal-9190	162	13	important	important	ADJ
cjal-9190	162	14	part	part	NOUN
cjal-9190	162	15	of	of	ADP
cjal-9190	162	16	chinese	chinese	ADJ
cjal-9190	162	17	corporate	corporate	ADJ
cjal-9190	162	18	governance	governance	NOUN
cjal-9190	162	19	.	.	PUNCT
cjal-9190	163	1	38	38	NUM
cjal-9190	163	2	“	"	PUNCT
cjal-9190	163	3	free	free	ADJ
cjal-9190	163	4	float	float	NOUN
cjal-9190	163	5	market	market	NOUN
cjal-9190	163	6	capitalization	capitalization	NOUN
cjal-9190	163	7	”	"	PUNCT
cjal-9190	163	8	is	be	AUX
cjal-9190	163	9	the	the	DET
cjal-9190	163	10	amount	amount	NOUN
cjal-9190	163	11	of	of	ADP
cjal-9190	163	12	capital	capital	NOUN
cjal-9190	163	13	stock	stock	NOUN
cjal-9190	163	14	(	(	PUNCT
cjal-9190	163	15	known	know	VERB
cjal-9190	163	16	as	as	ADP
cjal-9190	163	17	free	free	ADJ
cjal-9190	163	18	float	float	NOUN
cjal-9190	163	19	)	)	PUNCT
cjal-9190	163	20	that	that	PRON
cjal-9190	163	21	is	be	AUX
cjal-9190	163	22	left	leave	VERB
cjal-9190	163	23	after	after	ADP
cjal-9190	163	24	excluding	exclude	VERB
cjal-9190	163	25	the	the	DET
cjal-9190	163	26	illiquid	illiquid	ADJ
cjal-9190	163	27	shares	share	NOUN
cjal-9190	163	28	in	in	ADP
cjal-9190	163	29	the	the	DET
cjal-9190	163	30	share	share	NOUN
cjal-9190	163	31	capital	capital	NOUN
cjal-9190	163	32	of	of	ADP
cjal-9190	163	33	the	the	DET
cjal-9190	163	34	listed	list	VERB
cjal-9190	163	35	company	company	NOUN
cjal-9190	163	36	and	and	CCONJ
cjal-9190	163	37	the	the	DET
cjal-9190	163	38	basically	basically	ADV
cjal-9190	163	39	illiquid	illiquid	ADJ
cjal-9190	163	40	shares	share	NOUN
cjal-9190	163	41	due	due	ADJ
cjal-9190	163	42	to	to	ADP
cjal-9190	163	43	strategic	strategic	ADJ
cjal-9190	163	44	holdings	holding	NOUN
cjal-9190	163	45	or	or	CCONJ
cjal-9190	163	46	other	other	ADJ
cjal-9190	163	47	reasons	reason	NOUN
cjal-9190	163	48	multiplied	multiply	VERB
cjal-9190	163	49	by	by	ADP
cjal-9190	163	50	the	the	DET
cjal-9190	163	51	share	share	NOUN
cjal-9190	163	52	price	price	NOUN
cjal-9190	163	53	.	.	PUNCT
cjal-9190	164	1	it	it	PRON
cjal-9190	164	2	can	can	AUX
cjal-9190	164	3	reflect	reflect	VERB
cjal-9190	164	4	the	the	DET
cjal-9190	164	5	stock	stock	NOUN
cjal-9190	164	6	price	price	NOUN
cjal-9190	164	7	changes	change	NOUN
cjal-9190	164	8	of	of	ADP
cjal-9190	164	9	the	the	DET
cjal-9190	164	10	actual	actual	ADJ
cjal-9190	164	11	shares	share	NOUN
cjal-9190	164	12	in	in	ADP
cjal-9190	164	13	circulation	circulation	NOUN
cjal-9190	164	14	in	in	ADP
cjal-9190	164	15	the	the	DET
cjal-9190	164	16	market	market	NOUN
cjal-9190	164	17	.	.	PUNCT
cjal-9190	165	1	the	the	DET
cjal-9190	165	2	excluded	exclude	VERB
cjal-9190	165	3	illiquid	illiquid	ADJ
cjal-9190	165	4	shares	share	NOUN
cjal-9190	165	5	include	include	VERB
cjal-9190	165	6	:	:	PUNCT
cjal-9190	165	7	(	(	PUNCT
cjal-9190	165	8	i	i	NOUN
cjal-9190	165	9	)	)	PUNCT
cjal-9190	165	10	long	long	ADJ
cjal-9190	165	11	-	-	PUNCT
cjal-9190	165	12	term	term	NOUN
cjal-9190	165	13	shares	share	NOUN
cjal-9190	165	14	held	hold	VERB
cjal-9190	165	15	by	by	ADP
cjal-9190	165	16	the	the	DET
cjal-9190	165	17	company	company	NOUN
cjal-9190	165	18	's	's	PART
cjal-9190	165	19	founders	founder	NOUN
cjal-9190	165	20	,	,	PUNCT
cjal-9190	165	21	family	family	NOUN
cjal-9190	165	22	members	member	NOUN
cjal-9190	165	23	,	,	PUNCT
cjal-9190	165	24	senior	senior	ADJ
cjal-9190	165	25	managers	manager	NOUN
cjal-9190	165	26	;	;	PUNCT
cjal-9190	165	27	(	(	PUNCT
cjal-9190	165	28	ii	ii	X
cjal-9190	165	29	)	)	PUNCT
cjal-9190	165	30	state	state	NOUN
cjal-9190	165	31	-	-	PUNCT
cjal-9190	165	32	owned	own	VERB
cjal-9190	165	33	shareholders	shareholder	NOUN
cjal-9190	165	34	;	;	PUNCT
cjal-9190	165	35	(	(	PUNCT
cjal-9190	165	36	iii	iii	X
cjal-9190	165	37	)	)	PUNCT
cjal-9190	165	38	shares	share	NOUN
cjal-9190	165	39	held	hold	VERB
cjal-9190	165	40	by	by	ADP
cjal-9190	165	41	strategic	strategic	ADJ
cjal-9190	165	42	investors	investor	NOUN
cjal-9190	165	43	;	;	PUNCT
cjal-9190	165	44	(	(	PUNCT
cjal-9190	165	45	iv	iv	X
cjal-9190	165	46	)	)	PUNCT
cjal-9190	165	47	frozen	frozen	ADJ
cjal-9190	165	48	shares	share	NOUN
cjal-9190	165	49	;	;	PUNCT
cjal-9190	165	50	(	(	PUNCT
cjal-9190	165	51	v	v	NOUN
cjal-9190	165	52	)	)	PUNCT
cjal-9190	165	53	shares	share	NOUN
cjal-9190	165	54	held	hold	VERB
cjal-9190	165	55	by	by	ADP
cjal-9190	165	56	restricted	restricted	ADJ
cjal-9190	165	57	employees	employee	NOUN
cjal-9190	165	58	;	;	PUNCT
cjal-9190	165	59	and	and	CCONJ
cjal-9190	165	60	,	,	PUNCT
cjal-9190	165	61	(	(	PUNCT
cjal-9190	165	62	vi	vi	NOUN
cjal-9190	165	63	)	)	PUNCT
cjal-9190	165	64	cross	cross	ADJ
cjal-9190	165	65	-	-	ADJ
cjal-9190	165	66	held	held	ADJ
cjal-9190	165	67	shares	share	NOUN
cjal-9190	165	68	of	of	ADP
cjal-9190	165	69	listed	list	VERB
cjal-9190	165	70	companies	company	NOUN
cjal-9190	165	71	.	.	PUNCT
cjal-9190	166	1	the	the	DET
cjal-9190	166	2	restricted	restricted	ADJ
cjal-9190	166	3	shares	share	NOUN
cjal-9190	166	4	published	publish	VERB
cjal-9190	166	5	in	in	ADP
cjal-9190	166	6	the	the	DET
cjal-9190	166	7	public	public	ADJ
cjal-9190	166	8	notice	notice	NOUN
cjal-9190	166	9	of	of	ADP
cjal-9190	166	10	the	the	DET
cjal-9190	166	11	listed	list	VERB
cjal-9190	166	12	company	company	NOUN
cjal-9190	166	13	and	and	CCONJ
cjal-9190	166	14	the	the	DET
cjal-9190	166	15	shares	share	NOUN
cjal-9190	166	16	held	hold	VERB
cjal-9190	166	17	by	by	ADP
cjal-9190	166	18	the	the	DET
cjal-9190	166	19	above	above	ADJ
cjal-9190	166	20	six	six	NUM
cjal-9190	166	21	types	type	NOUN
cjal-9190	166	22	of	of	ADP
cjal-9190	166	23	shareholders	shareholder	NOUN
cjal-9190	166	24	and	and	CCONJ
cjal-9190	166	25	their	their	PRON
cjal-9190	166	26	persons	person	NOUN
cjal-9190	166	27	acting	act	VERB
cjal-9190	166	28	in	in	ADP
cjal-9190	166	29	concert	concert	NOUN
cjal-9190	166	30	over	over	ADP
cjal-9190	166	31	5	5	NUM
cjal-9190	166	32	%	%	NOUN
cjal-9190	166	33	are	be	AUX
cjal-9190	166	34	considered	consider	VERB
cjal-9190	166	35	as	as	ADP
cjal-9190	166	36	non	non	ADJ
cjal-9190	166	37	-	-	ADJ
cjal-9190	166	38	freely	freely	ADV
cjal-9190	166	39	circulated	circulate	VERB
cjal-9190	166	40	capital	capital	NOUN
cjal-9190	166	41	stock	stock	NOUN
cjal-9190	166	42	.	.	PUNCT
cjal-9190	167	1	see	see	VERB
cjal-9190	167	2	sse	sse	PROPN
cjal-9190	167	3	180	180	NUM
cjal-9190	167	4	and	and	CCONJ
cjal-9190	167	5	sse	sse	PRON
cjal-9190	167	6	50	50	NUM
cjal-9190	167	7	index	index	NOUN
cjal-9190	167	8	compilation	compilation	NOUN
cjal-9190	167	9	rules	rule	NOUN
cjal-9190	167	10	(	(	PUNCT
cjal-9190	167	11	上证	上证	PRON
cjal-9190	167	12	180、上证	180、上证	NUM
cjal-9190	167	13	50	50	NUM
cjal-9190	167	14	指数编制细则	指数编制细则	NOUN
cjal-9190	167	15	)	)	PUNCT
cjal-9190	167	16	,	,	PUNCT
cjal-9190	167	17	promulgated	promulgate	VERB
cjal-9190	167	18	by	by	ADP
cjal-9190	167	19	sse	sse	PROPN
cjal-9190	167	20	in	in	ADP
cjal-9190	167	21	june	june	PROPN
cjal-9190	167	22	,	,	PUNCT
cjal-9190	167	23	2010	2010	NUM
cjal-9190	167	24	,	,	PUNCT
cjal-9190	167	25	http://www.sse.com.cn/market/sseindex/indexlist/indexdetails/indexrules/c/index	http://www.sse.com.cn/market/sseindex/indexlist/indexdetails/indexrules/c/index	NOUN
cjal-9190	167	26	_	_	PRON
cjal-9190	167	27	methodology_cn_000010n16.pdf	methodology_cn_000010n16.pdf	PROPN
cjal-9190	167	28	.	.	PUNCT
cjal-9190	167	29	2022	2022	NUM
cjal-9190	167	30	]	]	PUNCT
cjal-9190	167	31	columbia	columbia	PROPN
cjal-9190	167	32	journal	journal	PROPN
cjal-9190	167	33	of	of	ADP
cjal-9190	167	34	asian	asian	ADJ
cjal-9190	167	35	law	law	NOUN
cjal-9190	167	36	87	87	NUM
cjal-9190	167	37	chart	chart	NOUN
cjal-9190	167	38	2	2	NUM
cjal-9190	167	39	:	:	PUNCT
cjal-9190	167	40	a	a	DET
cjal-9190	167	41	-	-	PUNCT
cjal-9190	167	42	shares	share	NOUN
cjal-9190	167	43	institutional	institutional	ADJ
cjal-9190	167	44	investors	investor	NOUN
cjal-9190	167	45	as	as	ADP
cjal-9190	167	46	a	a	DET
cjal-9190	167	47	percentage	percentage	NOUN
cjal-9190	167	48	of	of	ADP
cjal-9190	167	49	free	free	ADJ
cjal-9190	167	50	-	-	PUNCT
cjal-9190	167	51	float	float	NOUN
cjal-9190	167	52	market	market	NOUN
cjal-9190	167	53	(	(	PUNCT
cjal-9190	167	54	2003	2003	NUM
cjal-9190	167	55	to	to	ADP
cjal-9190	167	56	2018)39	2018)39	NUM
cjal-9190	167	57	the	the	DET
cjal-9190	167	58	global	global	ADJ
cjal-9190	167	59	institutional	institutional	ADJ
cjal-9190	167	60	investor	investor	NOUN
cjal-9190	167	61	community	community	NOUN
cjal-9190	167	62	has	have	AUX
cjal-9190	167	63	come	come	VERB
cjal-9190	167	64	to	to	PART
cjal-9190	167	65	recognize	recognize	VERB
cjal-9190	167	66	the	the	DET
cjal-9190	167	67	importance	importance	NOUN
cjal-9190	167	68	of	of	ADP
cjal-9190	167	69	institutional	institutional	ADJ
cjal-9190	167	70	investors	investor	NOUN
cjal-9190	167	71	in	in	ADP
cjal-9190	167	72	china	china	PROPN
cjal-9190	167	73	.	.	PUNCT
cjal-9190	168	1	recent	recent	ADJ
cjal-9190	168	2	reports	report	NOUN
cjal-9190	168	3	have	have	AUX
cjal-9190	168	4	identified	identify	VERB
cjal-9190	168	5	china	china	PROPN
cjal-9190	168	6	’s	’s	PART
cjal-9190	168	7	asset	asset	NOUN
cjal-9190	168	8	management	management	NOUN
cjal-9190	168	9	market	market	NOUN
cjal-9190	168	10	as	as	ADP
cjal-9190	168	11	the	the	DET
cjal-9190	168	12	world	world	NOUN
cjal-9190	168	13	’s	’s	PART
cjal-9190	168	14	most	most	ADV
cjal-9190	168	15	important	important	ADJ
cjal-9190	168	16	for	for	ADP
cjal-9190	168	17	growth	growth	NOUN
cjal-9190	168	18	in	in	ADP
cjal-9190	168	19	the	the	DET
cjal-9190	168	20	industry	industry	NOUN
cjal-9190	168	21	and	and	CCONJ
cjal-9190	168	22	have	have	AUX
cjal-9190	168	23	valued	value	VERB
cjal-9190	168	24	it	it	PRON
cjal-9190	168	25	at	at	ADP
cjal-9190	168	26	us$16	us$16	ADJ
cjal-9190	168	27	trillion	trillion	NUM
cjal-9190	168	28	.	.	PUNCT
cjal-9190	169	1	40	40	NUM
cjal-9190	170	1	yet	yet	ADV
cjal-9190	170	2	,	,	PUNCT
cjal-9190	170	3	surprisingly	surprisingly	ADV
cjal-9190	170	4	,	,	PUNCT
cjal-9190	170	5	even	even	ADV
cjal-9190	170	6	though	though	SCONJ
cjal-9190	170	7	the	the	DET
cjal-9190	170	8	role	role	NOUN
cjal-9190	170	9	of	of	ADP
cjal-9190	170	10	institutional	institutional	ADJ
cjal-9190	170	11	investors	investor	NOUN
cjal-9190	170	12	in	in	ADP
cjal-9190	170	13	corporate	corporate	ADJ
cjal-9190	170	14	governance	governance	NOUN
cjal-9190	170	15	has	have	AUX
cjal-9190	170	16	become	become	VERB
cjal-9190	170	17	a	a	DET
cjal-9190	170	18	core	core	NOUN
cjal-9190	170	19	issue	issue	NOUN
cjal-9190	170	20	among	among	ADP
cjal-9190	170	21	anglo	anglo	PROPN
cjal-9190	170	22	-	-	PUNCT
cjal-9190	170	23	america	america	PROPN
cjal-9190	170	24	’s	’s	PART
cjal-9190	170	25	leading	lead	VERB
cjal-9190	170	26	comparative	comparative	ADJ
cjal-9190	170	27	corporate	corporate	ADJ
cjal-9190	170	28	law	law	NOUN
cjal-9190	170	29	scholars	scholar	NOUN
cjal-9190	170	30	,	,	PUNCT
cjal-9190	170	31	the	the	DET
cjal-9190	170	32	remarkable	remarkable	ADJ
cjal-9190	170	33	rise	rise	NOUN
cjal-9190	170	34	of	of	ADP
cjal-9190	170	35	chinese	chinese	ADJ
cjal-9190	170	36	institutional	institutional	ADJ
cjal-9190	170	37	investors	investor	NOUN
cjal-9190	170	38	has	have	AUX
cjal-9190	170	39	been	be	AUX
cjal-9190	170	40	almost	almost	ADV
cjal-9190	170	41	entirely	entirely	ADV
cjal-9190	170	42	overlooked	overlook	VERB
cjal-9190	170	43	in	in	ADP
cjal-9190	170	44	the	the	DET
cjal-9190	170	45	legal	legal	ADJ
cjal-9190	170	46	literature.41	literature.41	NOUN
cjal-9190	170	47	39	39	NUM
cjal-9190	170	48	cicc	cicc	NOUN
cjal-9190	170	49	global	global	PROPN
cjal-9190	170	50	institute	institute	PROPN
cjal-9190	170	51	,	,	PUNCT
cjal-9190	170	52	supra	supra	PROPN
cjal-9190	170	53	note	note	VERB
cjal-9190	170	54	37	37	NUM
cjal-9190	170	55	.	.	PUNCT
cjal-9190	170	56	40	40	NUM
cjal-9190	170	57	wef	wef	PROPN
cjal-9190	170	58	report	report	NOUN
cjal-9190	170	59	,	,	PUNCT
cjal-9190	170	60	supra	supra	PROPN
cjal-9190	170	61	note	note	NOUN
cjal-9190	170	62	21	21	NUM
cjal-9190	170	63	.	.	PUNCT
cjal-9190	171	1	41	41	NUM
cjal-9190	171	2	rock	rock	NOUN
cjal-9190	171	3	,	,	PUNCT
cjal-9190	171	4	supra	supra	PROPN
cjal-9190	171	5	note	note	PROPN
cjal-9190	171	6	15	15	NUM
cjal-9190	171	7	(	(	PUNCT
cjal-9190	171	8	this	this	DET
cjal-9190	171	9	chapter	chapter	NOUN
cjal-9190	171	10	was	be	AUX
cjal-9190	171	11	part	part	NOUN
cjal-9190	171	12	of	of	ADP
cjal-9190	171	13	an	an	DET
cjal-9190	171	14	extensive	extensive	ADJ
cjal-9190	171	15	global	global	ADJ
cjal-9190	171	16	corporate	corporate	ADJ
cjal-9190	171	17	law	law	NOUN
cjal-9190	171	18	and	and	CCONJ
cjal-9190	171	19	governance	governance	NOUN
cjal-9190	171	20	research	research	NOUN
cjal-9190	171	21	project	project	NOUN
cjal-9190	171	22	,	,	PUNCT
cjal-9190	171	23	but	but	CCONJ
cjal-9190	171	24	there	there	PRON
cjal-9190	171	25	was	be	VERB
cjal-9190	171	26	not	not	PART
cjal-9190	171	27	a	a	DET
cjal-9190	171	28	single	single	ADJ
cjal-9190	171	29	mention	mention	NOUN
cjal-9190	171	30	of	of	ADP
cjal-9190	171	31	institutional	institutional	ADJ
cjal-9190	171	32	investors	investor	NOUN
cjal-9190	171	33	in	in	ADP
cjal-9190	171	34	china	china	PROPN
cjal-9190	171	35	.	.	PUNCT
cjal-9190	172	1	this	this	PRON
cjal-9190	172	2	is	be	AUX
cjal-9190	172	3	consistent	consistent	ADJ
cjal-9190	172	4	with	with	ADP
cjal-9190	172	5	the	the	DET
cjal-9190	172	6	most	most	ADJ
cjal-9190	172	7	of	of	ADP
cjal-9190	172	8	the	the	DET
cjal-9190	172	9	leading	lead	VERB
cjal-9190	172	10	literature	literature	NOUN
cjal-9190	172	11	on	on	ADP
cjal-9190	172	12	the	the	DET
cjal-9190	172	13	impact	impact	NOUN
cjal-9190	172	14	of	of	ADP
cjal-9190	172	15	institutional	institutional	ADJ
cjal-9190	172	16	investors	investor	NOUN
cjal-9190	172	17	on	on	ADP
cjal-9190	172	18	corporate	corporate	ADJ
cjal-9190	172	19	law	law	NOUN
cjal-9190	172	20	and	and	CCONJ
cjal-9190	172	21	governance	governance	NOUN
cjal-9190	172	22	,	,	PUNCT
cjal-9190	172	23	which	which	PRON
cjal-9190	172	24	has	have	AUX
cjal-9190	172	25	tended	tend	VERB
cjal-9190	172	26	to	to	PART
cjal-9190	172	27	focus	focus	VERB
cjal-9190	172	28	on	on	ADP
cjal-9190	172	29	the	the	DET
cjal-9190	172	30	us	us	PROPN
cjal-9190	172	31	and	and	CCONJ
cjal-9190	172	32	uk	uk	PROPN
cjal-9190	172	33	)	)	PUNCT
cjal-9190	172	34	.	.	PUNCT
cjal-9190	173	1	see	see	VERB
cjal-9190	173	2	generally	generally	ADV
cjal-9190	173	3	bebchuk	bebchuk	VERB
cjal-9190	173	4	et	et	PROPN
cjal-9190	173	5	al	al	PROPN
cjal-9190	173	6	.	.	PROPN
cjal-9190	173	7	,	,	PUNCT
cjal-9190	173	8	supra	supra	PROPN
cjal-9190	173	9	note	note	PROPN
cjal-9190	173	10	25	25	NUM
cjal-9190	173	11	,	,	PUNCT
cjal-9190	173	12	at	at	ADP
cjal-9190	173	13	92	92	NUM
cjal-9190	173	14	-	-	SYM
cjal-9190	173	15	93	93	NUM
cjal-9190	173	16	;	;	PUNCT
cjal-9190	173	17	coates	coate	NOUN
cjal-9190	173	18	,	,	PUNCT
cjal-9190	173	19	supra	supra	PROPN
cjal-9190	173	20	note	note	PROPN
cjal-9190	173	21	25	25	NUM
cjal-9190	173	22	;	;	PUNCT
cjal-9190	173	23	fisch	fisch	PROPN
cjal-9190	173	24	,	,	PUNCT
cjal-9190	173	25	supra	supra	PROPN
cjal-9190	173	26	note	note	PROPN
cjal-9190	173	27	25	25	NUM
cjal-9190	173	28	;	;	PUNCT
cjal-9190	173	29	gilson	gilson	PROPN
cjal-9190	173	30	&	&	CCONJ
cjal-9190	173	31	gordon	gordon	PROPN
cjal-9190	173	32	,	,	PUNCT
cjal-9190	173	33	supra	supra	PROPN
cjal-9190	173	34	note	note	PROPN
cjal-9190	173	35	25	25	NUM
cjal-9190	173	36	.	.	PUNCT
cjal-9190	174	1	95.4	95.4	NUM
cjal-9190	174	2	%	%	NOUN
cjal-9190	174	3	91.4	91.4	NUM
cjal-9190	174	4	%	%	NOUN
cjal-9190	174	5	79.9	79.9	NUM
cjal-9190	174	6	%	%	NOUN
cjal-9190	174	7	70.9	70.9	NUM
cjal-9190	174	8	%	%	NOUN
cjal-9190	174	9	57.1	57.1	NUM
cjal-9190	174	10	%	%	NOUN
cjal-9190	174	11	60.8	60.8	NUM
cjal-9190	174	12	%	%	NOUN
cjal-9190	174	13	65.6	65.6	NUM
cjal-9190	174	14	%	%	NOUN
cjal-9190	174	15	69.1%67.8%67.9%69.6	69.1%67.8%67.9%69.6	NUM
cjal-9190	174	16	%	%	NOUN
cjal-9190	174	17	72.4	72.4	NUM
cjal-9190	174	18	%	%	NOUN
cjal-9190	174	19	61.5%59.5%57.5	61.5%59.5%57.5	NUM
cjal-9190	174	20	%	%	NOUN
cjal-9190	174	21	52.5	52.5	NUM
cjal-9190	174	22	%	%	NOUN
cjal-9190	174	23	4.6	4.6	NUM
cjal-9190	174	24	%	%	NOUN
cjal-9190	174	25	8.6	8.6	NUM
cjal-9190	174	26	%	%	NOUN
cjal-9190	174	27	6.7	6.7	NUM
cjal-9190	174	28	%	%	NOUN
cjal-9190	174	29	18.1	18.1	NUM
cjal-9190	174	30	%	%	NOUN
cjal-9190	174	31	28.0%20.0	28.0%20.0	NUM
cjal-9190	174	32	%	%	NOUN
cjal-9190	174	33	20.4	20.4	NUM
cjal-9190	174	34	%	%	NOUN
cjal-9190	174	35	16.5	16.5	NUM
cjal-9190	174	36	%	%	NOUN
cjal-9190	174	37	14.2%13.3%11.0	14.2%13.3%11.0	NUM
cjal-9190	174	38	%	%	NOUN
cjal-9190	174	39	8.5	8.5	NUM
cjal-9190	174	40	%	%	NOUN
cjal-9190	174	41	4.9	4.9	NUM
cjal-9190	174	42	%	%	NOUN
cjal-9190	174	43	4.2	4.2	NUM
cjal-9190	174	44	%	%	NOUN
cjal-9190	174	45	5.8	5.8	NUM
cjal-9190	174	46	%	%	NOUN
cjal-9190	174	47	6.3	6.3	NUM
cjal-9190	174	48	%	%	NOUN
cjal-9190	174	49	13.4%7.1	13.4%7.1	NUM
cjal-9190	174	50	%	%	NOUN
cjal-9190	174	51	9.5	9.5	NUM
cjal-9190	174	52	%	%	NOUN
cjal-9190	174	53	11.2	11.2	NUM
cjal-9190	174	54	%	%	NOUN
cjal-9190	174	55	7.3	7.3	NUM
cjal-9190	174	56	%	%	NOUN
cjal-9190	174	57	6.9	6.9	NUM
cjal-9190	174	58	%	%	NOUN
cjal-9190	174	59	9.4	9.4	NUM
cjal-9190	174	60	%	%	NOUN
cjal-9190	174	61	9.0	9.0	NUM
cjal-9190	174	62	%	%	NOUN
cjal-9190	174	63	8.7	8.7	NUM
cjal-9190	174	64	%	%	NOUN
cjal-9190	174	65	7.2	7.2	NUM
cjal-9190	174	66	%	%	NOUN
cjal-9190	174	67	8.0	8.0	NUM
cjal-9190	174	68	%	%	NOUN
cjal-9190	174	69	8.8	8.8	NUM
cjal-9190	174	70	%	%	NOUN
cjal-9190	174	71	7.3	7.3	NUM
cjal-9190	174	72	%	%	NOUN
cjal-9190	174	73	9.0	9.0	NUM
cjal-9190	174	74	%	%	NOUN
cjal-9190	174	75	3.9	3.9	NUM
cjal-9190	174	76	%	%	NOUN
cjal-9190	174	77	1.7	1.7	NUM
cjal-9190	174	78	%	%	NOUN
cjal-9190	174	79	4.6	4.6	NUM
cjal-9190	174	80	%	%	NOUN
cjal-9190	174	81	2.6	2.6	NUM
cjal-9190	174	82	%	%	NOUN
cjal-9190	174	83	2.4	2.4	NUM
cjal-9190	174	84	%	%	NOUN
cjal-9190	174	85	3.6	3.6	NUM
cjal-9190	174	86	%	%	NOUN
cjal-9190	174	87	4.1	4.1	NUM
cjal-9190	174	88	%	%	NOUN
cjal-9190	174	89	4.1	4.1	NUM
cjal-9190	174	90	%	%	NOUN
cjal-9190	174	91	3.2	3.2	NUM
cjal-9190	174	92	%	%	NOUN
cjal-9190	174	93	2.7	2.7	NUM
cjal-9190	174	94	%	%	NOUN
cjal-9190	174	95	3.0	3.0	NUM
cjal-9190	174	96	%	%	NOUN
cjal-9190	174	97	2.9	2.9	NUM
cjal-9190	174	98	%	%	NOUN
cjal-9190	174	99	2.9	2.9	NUM
cjal-9190	174	100	%	%	NOUN
cjal-9190	174	101	0.0	0.0	NUM
cjal-9190	174	102	%	%	NOUN
cjal-9190	174	103	0.0	0.0	NUM
cjal-9190	174	104	%	%	NOUN
cjal-9190	174	105	0.0	0.0	NUM
cjal-9190	174	106	%	%	NOUN
cjal-9190	174	107	0.0	0.0	NUM
cjal-9190	174	108	%	%	NOUN
cjal-9190	174	109	1.5	1.5	NUM
cjal-9190	174	110	%	%	NOUN
cjal-9190	174	111	0.5	0.5	NUM
cjal-9190	174	112	%	%	NOUN
cjal-9190	174	113	1.2	1.2	NUM
cjal-9190	174	114	%	%	NOUN
cjal-9190	174	115	1.2	1.2	NUM
cjal-9190	174	116	%	%	NOUN
cjal-9190	174	117	1.1	1.1	NUM
cjal-9190	174	118	%	%	NOUN
cjal-9190	174	119	1.2	1.2	NUM
cjal-9190	174	120	%	%	NOUN
cjal-9190	174	121	0.9	0.9	NUM
cjal-9190	174	122	%	%	NOUN
cjal-9190	174	123	2.1	2.1	NUM
cjal-9190	174	124	%	%	NOUN
cjal-9190	174	125	2.2	2.2	NUM
cjal-9190	174	126	%	%	NOUN
cjal-9190	174	127	2.9	2.9	NUM
cjal-9190	174	128	%	%	NOUN
cjal-9190	174	129	2.8	2.8	NUM
cjal-9190	174	130	%	%	NOUN
cjal-9190	174	131	2.8	2.8	NUM
cjal-9190	174	132	%	%	NOUN
cjal-9190	174	133	5.9	5.9	NUM
cjal-9190	174	134	%	%	NOUN
cjal-9190	174	135	9.6	9.6	NUM
cjal-9190	174	136	%	%	NOUN
cjal-9190	174	137	7.0	7.0	NUM
cjal-9190	174	138	%	%	NOUN
cjal-9190	174	139	9.2	9.2	NUM
cjal-9190	174	140	%	%	NOUN
cjal-9190	174	141	1.0	1.0	NUM
cjal-9190	174	142	%	%	NOUN
cjal-9190	174	143	0.9	0.9	NUM
cjal-9190	174	144	%	%	NOUN
cjal-9190	174	145	0.4	0.4	NUM
cjal-9190	174	146	%	%	NOUN
cjal-9190	174	147	1.4	1.4	NUM
cjal-9190	174	148	%	%	NOUN
cjal-9190	174	149	2.2	2.2	NUM
cjal-9190	174	150	%	%	NOUN
cjal-9190	174	151	3.8	3.8	NUM
cjal-9190	174	152	%	%	NOUN
cjal-9190	174	153	1.3	1.3	NUM
cjal-9190	174	154	%	%	NOUN
cjal-9190	174	155	2.3	2.3	NUM
cjal-9190	174	156	%	%	NOUN
cjal-9190	174	157	1.5	1.5	NUM
cjal-9190	174	158	%	%	NOUN
cjal-9190	174	159	7.9	7.9	NUM
cjal-9190	174	160	%	%	NOUN
cjal-9190	174	161	7.2	7.2	NUM
cjal-9190	174	162	%	%	NOUN
cjal-9190	174	163	8.8	8.8	NUM
cjal-9190	174	164	%	%	NOUN
cjal-9190	174	165	8.4	8.4	NUM
cjal-9190	174	166	%	%	NOUN
cjal-9190	174	167	2.3	2.3	NUM
cjal-9190	174	168	%	%	NOUN
cjal-9190	174	169	2.9	2.9	NUM
cjal-9190	174	170	%	%	NOUN
cjal-9190	174	171	2.9	2.9	NUM
cjal-9190	174	172	%	%	NOUN
cjal-9190	174	173	2.9	2.9	NUM
cjal-9190	174	174	%	%	NOUN
cjal-9190	174	175	3.1	3.1	NUM
cjal-9190	174	176	%	%	NOUN
cjal-9190	174	177	3.7	3.7	NUM
cjal-9190	174	178	%	%	NOUN
cjal-9190	174	179	3.8	3.8	NUM
cjal-9190	174	180	%	%	NOUN
cjal-9190	174	181	3.9	3.9	NUM
cjal-9190	174	182	%	%	NOUN
cjal-9190	174	183	2.8	2.8	NUM
cjal-9190	174	184	%	%	NOUN
cjal-9190	174	185	3.2	3.2	NUM
cjal-9190	174	186	%	%	NOUN
cjal-9190	174	187	5.2	5.2	NUM
cjal-9190	174	188	%	%	NOUN
cjal-9190	174	189	6.7	6.7	NUM
cjal-9190	174	190	%	%	NOUN
cjal-9190	174	191	4.6	4.6	NUM
cjal-9190	174	192	%	%	NOUN
cjal-9190	174	193	8.6	8.6	NUM
cjal-9190	174	194	%	%	NOUN
cjal-9190	174	195	20.1	20.1	NUM
cjal-9190	174	196	%	%	NOUN
cjal-9190	174	197	29.1	29.1	NUM
cjal-9190	174	198	%	%	NOUN
cjal-9190	174	199	42.9	42.9	NUM
cjal-9190	174	200	%	%	NOUN
cjal-9190	174	201	39.2	39.2	NUM
cjal-9190	174	202	%	%	NOUN
cjal-9190	174	203	34.4	34.4	NUM
cjal-9190	174	204	%	%	NOUN
cjal-9190	174	205	30.9	30.9	NUM
cjal-9190	174	206	%	%	NOUN
cjal-9190	174	207	32.2%32.1	32.2%32.1	NUM
cjal-9190	174	208	%	%	NOUN
cjal-9190	174	209	30.4	30.4	NUM
cjal-9190	174	210	%	%	NOUN
cjal-9190	174	211	27.6	27.6	NUM
cjal-9190	174	212	%	%	NOUN
cjal-9190	174	213	38.5	38.5	NUM
cjal-9190	174	214	%	%	NOUN
cjal-9190	174	215	40.5	40.5	NUM
cjal-9190	174	216	%	%	NOUN
cjal-9190	174	217	42.5	42.5	NUM
cjal-9190	174	218	%	%	NOUN
cjal-9190	174	219	47.5	47.5	NUM
cjal-9190	174	220	%	%	NOUN
cjal-9190	174	221	0	0	NUM
cjal-9190	174	222	%	%	NOUN
cjal-9190	174	223	10	10	NUM
cjal-9190	174	224	%	%	NOUN
cjal-9190	174	225	20	20	NUM
cjal-9190	174	226	%	%	NOUN
cjal-9190	174	227	30	30	NUM
cjal-9190	174	228	%	%	NOUN
cjal-9190	174	229	40	40	NUM
cjal-9190	174	230	%	%	NOUN
cjal-9190	174	231	50	50	NUM
cjal-9190	174	232	%	%	NOUN
cjal-9190	174	233	60	60	NUM
cjal-9190	174	234	%	%	NOUN
cjal-9190	174	235	70	70	NUM
cjal-9190	174	236	%	%	NOUN
cjal-9190	174	237	80	80	NUM
cjal-9190	174	238	%	%	NOUN
cjal-9190	174	239	90	90	NUM
cjal-9190	174	240	%	%	NOUN
cjal-9190	174	241	100	100	NUM
cjal-9190	174	242	%	%	NOUN
cjal-9190	174	243	20	20	NUM
cjal-9190	174	244	03	03	NUM
cjal-9190	174	245	20	20	NUM
cjal-9190	174	246	04	04	NUM
cjal-9190	174	247	20	20	NUM
cjal-9190	174	248	05	05	NUM
cjal-9190	174	249	20	20	NUM
cjal-9190	174	250	06	06	NUM
cjal-9190	174	251	20	20	NUM
cjal-9190	174	252	07	07	NUM
cjal-9190	174	253	20	20	NUM
cjal-9190	174	254	08	08	NUM
cjal-9190	174	255	20	20	NUM
cjal-9190	174	256	09	09	NUM
cjal-9190	174	257	20	20	NUM
cjal-9190	174	258	10	10	NUM
cjal-9190	174	259	20	20	NUM
cjal-9190	174	260	11	11	NUM
cjal-9190	174	261	20	20	NUM
cjal-9190	174	262	12	12	NUM
cjal-9190	174	263	20	20	NUM
cjal-9190	174	264	13	13	NUM
cjal-9190	174	265	20	20	NUM
cjal-9190	174	266	14	14	NUM
cjal-9190	174	267	20	20	NUM
cjal-9190	174	268	15	15	NUM
cjal-9190	174	269	20	20	NUM
cjal-9190	174	270	16	16	NUM
cjal-9190	174	271	20	20	NUM
cjal-9190	174	272	17	17	NUM
cjal-9190	174	273	20	20	NUM
cjal-9190	174	274	18	18	NUM
cjal-9190	174	275	foreign	foreign	ADJ
cjal-9190	174	276	capital	capital	NOUN
cjal-9190	174	277	other	other	ADJ
cjal-9190	174	278	institutions	institution	NOUN
cjal-9190	174	279	trust	trust	VERB
cjal-9190	174	280	corporate	corporate	ADJ
cjal-9190	174	281	pension	pension	NOUN
cjal-9190	174	282	private	private	ADJ
cjal-9190	174	283	fund	fund	NOUN
cjal-9190	174	284	brokerage	brokerage	NOUN
cjal-9190	174	285	social	social	ADJ
cjal-9190	174	286	security	security	NOUN
cjal-9190	174	287	fund	fund	NOUN
cjal-9190	174	288	insurance	insurance	NOUN
cjal-9190	174	289	public	public	NOUN
cjal-9190	174	290	raised	raise	VERB
cjal-9190	174	291	fund	fund	NOUN
cjal-9190	174	292	estimated	estimate	VERB
cjal-9190	174	293	indivudal	indivudal	ADJ
cjal-9190	174	294	investors	investor	NOUN
cjal-9190	174	295	88	88	NUM
cjal-9190	174	296	institutional	institutional	ADJ
cjal-9190	174	297	investors	investor	NOUN
cjal-9190	174	298	in	in	ADP
cjal-9190	174	299	china	china	PROPN
cjal-9190	175	1	[	[	X
cjal-9190	175	2	vol	vol	NOUN
cjal-9190	175	3	.	.	PUNCT
cjal-9190	175	4	35	35	NUM
cjal-9190	175	5	:	:	SYM
cjal-9190	175	6	74	74	NUM
cjal-9190	175	7	before	before	ADP
cjal-9190	175	8	analyzing	analyze	VERB
cjal-9190	175	9	how	how	SCONJ
cjal-9190	175	10	institutional	institutional	ADJ
cjal-9190	175	11	investors	investor	NOUN
cjal-9190	175	12	fit	fit	VERB
cjal-9190	175	13	into	into	ADP
cjal-9190	175	14	the	the	DET
cjal-9190	175	15	china	china	PROPN
cjal-9190	175	16	model	model	NOUN
cjal-9190	175	17	of	of	ADP
cjal-9190	175	18	corporate	corporate	ADJ
cjal-9190	175	19	governance	governance	NOUN
cjal-9190	175	20	,	,	PUNCT
cjal-9190	175	21	it	it	PRON
cjal-9190	175	22	is	be	AUX
cjal-9190	175	23	essential	essential	ADJ
cjal-9190	175	24	to	to	PART
cjal-9190	175	25	recognize	recognize	VERB
cjal-9190	175	26	that	that	SCONJ
cjal-9190	175	27	institutional	institutional	ADJ
cjal-9190	175	28	investors	investor	NOUN
cjal-9190	175	29	in	in	ADP
cjal-9190	175	30	china	china	PROPN
cjal-9190	175	31	are	be	AUX
cjal-9190	175	32	not	not	PART
cjal-9190	175	33	monolithic	monolithic	ADJ
cjal-9190	175	34	.	.	PUNCT
cjal-9190	176	1	as	as	SCONJ
cjal-9190	176	2	illustrated	illustrate	VERB
cjal-9190	176	3	in	in	ADP
cjal-9190	176	4	the	the	DET
cjal-9190	176	5	taxonomy	taxonomy	NOUN
cjal-9190	176	6	of	of	ADP
cjal-9190	176	7	institutional	institutional	ADJ
cjal-9190	176	8	investors	investor	NOUN
cjal-9190	176	9	in	in	ADP
cjal-9190	176	10	chart	chart	NOUN
cjal-9190	176	11	3	3	NUM
cjal-9190	176	12	below	below	ADV
cjal-9190	176	13	,	,	PUNCT
cjal-9190	176	14	there	there	PRON
cjal-9190	176	15	are	be	VERB
cjal-9190	176	16	a	a	DET
cjal-9190	176	17	variety	variety	NOUN
cjal-9190	176	18	of	of	ADP
cjal-9190	176	19	institutional	institutional	ADJ
cjal-9190	176	20	investors	investor	NOUN
cjal-9190	176	21	in	in	ADP
cjal-9190	176	22	china	china	PROPN
cjal-9190	176	23	.	.	PUNCT
cjal-9190	177	1	it	it	PRON
cjal-9190	177	2	is	be	AUX
cjal-9190	177	3	important	important	ADJ
cjal-9190	177	4	to	to	PART
cjal-9190	177	5	understand	understand	VERB
cjal-9190	177	6	these	these	DET
cjal-9190	177	7	varieties	variety	NOUN
cjal-9190	177	8	as	as	SCONJ
cjal-9190	177	9	each	each	PRON
cjal-9190	177	10	of	of	ADP
cjal-9190	177	11	them	they	PRON
cjal-9190	177	12	is	be	AUX
cjal-9190	177	13	subject	subject	ADJ
cjal-9190	177	14	to	to	ADP
cjal-9190	177	15	different	different	ADJ
cjal-9190	177	16	regulatory	regulatory	ADJ
cjal-9190	177	17	regimes	regime	NOUN
cjal-9190	177	18	.	.	PUNCT
cjal-9190	178	1	by	by	ADP
cjal-9190	178	2	mapping	map	VERB
cjal-9190	178	3	the	the	DET
cjal-9190	178	4	regulatory	regulatory	ADJ
cjal-9190	178	5	developments	development	NOUN
cjal-9190	178	6	for	for	ADP
cjal-9190	178	7	each	each	DET
cjal-9190	178	8	variety	variety	NOUN
cjal-9190	178	9	,	,	PUNCT
cjal-9190	178	10	a	a	DET
cjal-9190	178	11	clear	clear	ADJ
cjal-9190	178	12	picture	picture	NOUN
cjal-9190	178	13	emerges	emerge	VERB
cjal-9190	178	14	of	of	ADP
cjal-9190	178	15	how	how	SCONJ
cjal-9190	178	16	the	the	DET
cjal-9190	178	17	chinese	chinese	ADJ
cjal-9190	178	18	government	government	NOUN
cjal-9190	178	19	has	have	AUX
cjal-9190	178	20	used	use	VERB
cjal-9190	178	21	its	its	PRON
cjal-9190	178	22	regulatory	regulatory	ADJ
cjal-9190	178	23	power	power	NOUN
cjal-9190	178	24	to	to	PART
cjal-9190	178	25	facilitate	facilitate	VERB
cjal-9190	178	26	and	and	CCONJ
cjal-9190	178	27	shape	shape	VERB
cjal-9190	178	28	the	the	DET
cjal-9190	178	29	growth	growth	NOUN
cjal-9190	178	30	of	of	ADP
cjal-9190	178	31	different	different	ADJ
cjal-9190	178	32	types	type	NOUN
cjal-9190	178	33	of	of	ADP
cjal-9190	178	34	institutional	institutional	ADJ
cjal-9190	178	35	investors	investor	NOUN
cjal-9190	178	36	over	over	ADP
cjal-9190	178	37	the	the	DET
cjal-9190	178	38	last	last	ADJ
cjal-9190	178	39	several	several	ADJ
cjal-9190	178	40	decades	decade	NOUN
cjal-9190	178	41	(	(	PUNCT
cjal-9190	178	42	see	see	VERB
cjal-9190	178	43	appendix	appendix	NOUN
cjal-9190	178	44	1	1	NUM
cjal-9190	178	45	,	,	PUNCT
cjal-9190	178	46	for	for	ADP
cjal-9190	178	47	a	a	DET
cjal-9190	178	48	summary	summary	NOUN
cjal-9190	178	49	of	of	ADP
cjal-9190	178	50	all	all	DET
cjal-9190	178	51	the	the	DET
cjal-9190	178	52	relevant	relevant	ADJ
cjal-9190	178	53	regulatory	regulatory	ADJ
cjal-9190	178	54	provisions	provision	NOUN
cjal-9190	178	55	related	relate	VERB
cjal-9190	178	56	to	to	ADP
cjal-9190	178	57	institutional	institutional	ADJ
cjal-9190	178	58	investors	investor	NOUN
cjal-9190	178	59	,	,	PUNCT
cjal-9190	178	60	listed	list	VERB
cjal-9190	178	61	in	in	ADP
cjal-9190	178	62	chronological	chronological	ADJ
cjal-9190	178	63	order	order	NOUN
cjal-9190	178	64	,	,	PUNCT
cjal-9190	178	65	and	and	CCONJ
cjal-9190	178	66	categorized	categorize	VERB
cjal-9190	178	67	based	base	VERB
cjal-9190	178	68	on	on	ADP
cjal-9190	178	69	the	the	DET
cjal-9190	178	70	type	type	NOUN
cjal-9190	178	71	of	of	ADP
cjal-9190	178	72	institutional	institutional	ADJ
cjal-9190	178	73	investor	investor	NOUN
cjal-9190	178	74	they	they	PRON
cjal-9190	178	75	regulate	regulate	VERB
cjal-9190	178	76	)	)	PUNCT
cjal-9190	178	77	.	.	PUNCT
cjal-9190	179	1	as	as	SCONJ
cjal-9190	179	2	examined	examine	VERB
cjal-9190	179	3	in	in	ADP
cjal-9190	179	4	detail	detail	NOUN
cjal-9190	179	5	in	in	ADP
cjal-9190	179	6	part	part	NOUN
cjal-9190	179	7	iv	iv	ADP
cjal-9190	179	8	,	,	PUNCT
cjal-9190	179	9	the	the	DET
cjal-9190	179	10	different	different	ADJ
cjal-9190	179	11	varieties	variety	NOUN
cjal-9190	179	12	of	of	ADP
cjal-9190	179	13	institutional	institutional	ADJ
cjal-9190	179	14	investors	investor	NOUN
cjal-9190	179	15	have	have	VERB
cjal-9190	179	16	distinct	distinct	ADJ
cjal-9190	179	17	regulatory	regulatory	ADJ
cjal-9190	179	18	regimes	regime	NOUN
cjal-9190	179	19	.	.	PUNCT
cjal-9190	180	1	as	as	ADP
cjal-9190	180	2	a	a	DET
cjal-9190	180	3	result	result	NOUN
cjal-9190	180	4	,	,	PUNCT
cjal-9190	180	5	the	the	DET
cjal-9190	180	6	manner	manner	NOUN
cjal-9190	180	7	and	and	CCONJ
cjal-9190	180	8	extent	extent	NOUN
cjal-9190	180	9	to	to	PART
cjal-9190	180	10	which	which	PRON
cjal-9190	180	11	each	each	DET
cjal-9190	180	12	variety	variety	NOUN
cjal-9190	180	13	is	be	AUX
cjal-9190	180	14	subject	subject	ADJ
cjal-9190	180	15	to	to	ADP
cjal-9190	180	16	direct	direct	ADJ
cjal-9190	180	17	and	and	CCONJ
cjal-9190	180	18	indirect	indirect	ADJ
cjal-9190	180	19	government	government	NOUN
cjal-9190	180	20	control	control	NOUN
cjal-9190	180	21	also	also	ADV
cjal-9190	180	22	differs	differ	VERB
cjal-9190	180	23	among	among	ADP
cjal-9190	180	24	them	they	PRON
cjal-9190	180	25	.	.	PUNCT
cjal-9190	181	1	however	however	ADV
cjal-9190	181	2	,	,	PUNCT
cjal-9190	181	3	despite	despite	SCONJ
cjal-9190	181	4	these	these	DET
cjal-9190	181	5	differences	difference	NOUN
cjal-9190	181	6	,	,	PUNCT
cjal-9190	181	7	our	our	PRON
cjal-9190	181	8	detailed	detailed	ADJ
cjal-9190	181	9	analysis	analysis	NOUN
cjal-9190	181	10	below	below	ADV
cjal-9190	181	11	reveals	reveal	VERB
cjal-9190	181	12	two	two	NUM
cjal-9190	181	13	features	feature	NOUN
cjal-9190	181	14	that	that	PRON
cjal-9190	181	15	cut	cut	VERB
cjal-9190	181	16	across	across	ADP
cjal-9190	181	17	all	all	DET
cjal-9190	181	18	varieties	variety	NOUN
cjal-9190	181	19	:	:	PUNCT
cjal-9190	181	20	(	(	PUNCT
cjal-9190	181	21	1	1	X
cjal-9190	181	22	)	)	PUNCT
cjal-9190	181	23	over	over	ADP
cjal-9190	181	24	the	the	DET
cjal-9190	181	25	last	last	ADJ
cjal-9190	181	26	several	several	ADJ
cjal-9190	181	27	decades	decade	NOUN
cjal-9190	181	28	the	the	DET
cjal-9190	181	29	chinese	chinese	ADJ
cjal-9190	181	30	government	government	NOUN
cjal-9190	181	31	has	have	AUX
cjal-9190	181	32	consistently	consistently	ADV
cjal-9190	181	33	used	use	VERB
cjal-9190	181	34	its	its	PRON
cjal-9190	181	35	regulatory	regulatory	ADJ
cjal-9190	181	36	power	power	NOUN
cjal-9190	181	37	to	to	PART
cjal-9190	181	38	facilitate	facilitate	VERB
cjal-9190	181	39	the	the	DET
cjal-9190	181	40	growth	growth	NOUN
cjal-9190	181	41	of	of	ADP
cjal-9190	181	42	institutional	institutional	ADJ
cjal-9190	181	43	investors	investor	NOUN
cjal-9190	181	44	overall	overall	ADV
cjal-9190	181	45	;	;	PUNCT
cjal-9190	181	46	and	and	CCONJ
cjal-9190	181	47	,	,	PUNCT
cjal-9190	181	48	(	(	PUNCT
cjal-9190	181	49	2	2	X
cjal-9190	181	50	)	)	PUNCT
cjal-9190	181	51	the	the	DET
cjal-9190	181	52	chinese	chinese	ADJ
cjal-9190	181	53	government	government	NOUN
cjal-9190	181	54	has	have	AUX
cjal-9190	181	55	designed	design	VERB
cjal-9190	181	56	a	a	DET
cjal-9190	181	57	regulatory	regulatory	ADJ
cjal-9190	181	58	regime	regime	NOUN
cjal-9190	181	59	for	for	ADP
cjal-9190	181	60	institutional	institutional	ADJ
cjal-9190	181	61	investors	investor	NOUN
cjal-9190	181	62	that	that	PRON
cjal-9190	181	63	reinforces	reinforce	VERB
cjal-9190	181	64	the	the	DET
cjal-9190	181	65	china	china	PROPN
cjal-9190	181	66	model	model	NOUN
cjal-9190	181	67	of	of	ADP
cjal-9190	181	68	corporate	corporate	ADJ
cjal-9190	181	69	governance	governance	NOUN
cjal-9190	181	70	,	,	PUNCT
cjal-9190	181	71	which	which	PRON
cjal-9190	181	72	aims	aim	VERB
cjal-9190	181	73	to	to	PART
cjal-9190	181	74	improve	improve	VERB
cjal-9190	181	75	the	the	DET
cjal-9190	181	76	efficiency	efficiency	NOUN
cjal-9190	181	77	of	of	ADP
cjal-9190	181	78	corporate	corporate	ADJ
cjal-9190	181	79	governance	governance	NOUN
cjal-9190	181	80	,	,	PUNCT
cjal-9190	181	81	while	while	SCONJ
cjal-9190	181	82	ensuring	ensure	VERB
cjal-9190	181	83	that	that	SCONJ
cjal-9190	181	84	the	the	DET
cjal-9190	181	85	ccp	ccp	PROPN
cjal-9190	181	86	maintains	maintain	VERB
cjal-9190	181	87	ultimate	ultimate	ADJ
cjal-9190	181	88	control	control	NOUN
cjal-9190	181	89	over	over	ADP
cjal-9190	181	90	the	the	DET
cjal-9190	181	91	financial	financial	ADJ
cjal-9190	181	92	system	system	NOUN
cjal-9190	181	93	.	.	PUNCT
cjal-9190	182	1	2022	2022	NUM
cjal-9190	182	2	]	]	PUNCT
cjal-9190	182	3	columbia	columbia	PROPN
cjal-9190	182	4	journal	journal	PROPN
cjal-9190	182	5	of	of	ADP
cjal-9190	182	6	asian	asian	ADJ
cjal-9190	182	7	law	law	NOUN
cjal-9190	182	8	89	89	NUM
cjal-9190	182	9	chart	chart	NOUN
cjal-9190	182	10	3	3	NUM
cjal-9190	182	11	:	:	PUNCT
cjal-9190	182	12	taxonomy	taxonomy	NOUN
cjal-9190	182	13	of	of	ADP
cjal-9190	182	14	institutional	institutional	ADJ
cjal-9190	182	15	investors	investor	NOUN
cjal-9190	182	16	in	in	ADP
cjal-9190	182	17	china	china	PROPN
cjal-9190	182	18	’s	’s	PART
cjal-9190	182	19	ashares	ashare	NOUN
cjal-9190	182	20	market42	market42	VERB
cjal-9190	182	21	42	42	NUM
cjal-9190	182	22	the	the	DET
cjal-9190	182	23	taxonomy	taxonomy	NOUN
cjal-9190	182	24	is	be	AUX
cjal-9190	182	25	based	base	VERB
cjal-9190	182	26	on	on	ADP
cjal-9190	182	27	ownership	ownership	NOUN
cjal-9190	182	28	structure	structure	NOUN
cjal-9190	182	29	of	of	ADP
cjal-9190	182	30	the	the	DET
cjal-9190	182	31	a	a	DET
cjal-9190	182	32	-	-	PUNCT
cjal-9190	182	33	shares	share	NOUN
cjal-9190	182	34	investors	investor	NOUN
cjal-9190	182	35	(	(	PUNCT
cjal-9190	182	36	起底	起底	ADP
cjal-9190	182	37	a	a	DET
cjal-9190	182	38	股投资者筹码	股投资者筹码	ADJ
cjal-9190	182	39	--	--	PUNCT
cjal-9190	182	40	a	a	DET
cjal-9190	182	41	股投资者结构专题	股投资者结构专题	NOUN
cjal-9190	182	42	2020q2	2020q2	NOUN
cjal-9190	182	43	)	)	PUNCT
cjal-9190	182	44	,	,	PUNCT
cjal-9190	182	45	sina	sina	PROPN
cjal-9190	182	46	finance	finance	PROPN
cjal-9190	182	47	(	(	PUNCT
cjal-9190	182	48	sept	sept	PROPN
cjal-9190	182	49	.	.	PROPN
cjal-9190	182	50	9	9	NUM
cjal-9190	182	51	,	,	PUNCT
cjal-9190	182	52	2020	2020	NUM
cjal-9190	182	53	)	)	PUNCT
cjal-9190	182	54	,	,	PUNCT
cjal-9190	182	55	https://finance.sina.com.cn/stock/stockzmt/2020-09-09/doc-iivhuipp3290986.shtml	https://finance.sina.com.cn/stock/stockzmt/2020-09-09/doc-iivhuipp3290986.shtml	PROPN
cjal-9190	182	56	.	.	PUNCT
cjal-9190	183	1	see	see	AUX
cjal-9190	183	2	also	also	ADV
cjal-9190	183	3	gupiao	gupiao	VERB
cjal-9190	183	4	touzizhe	touzizhe	ADJ
cjal-9190	183	5	fenlei	fenlei	X
cjal-9190	183	6	biaozhun	biaozhun	PROPN
cjal-9190	183	7	(	(	PUNCT
cjal-9190	183	8	股票投资者分类标准	股票投资者分类标准	NOUN
cjal-9190	183	9	)	)	PUNCT
cjal-9190	184	1	[	[	X
cjal-9190	184	2	the	the	DET
cjal-9190	184	3	criteria	criterion	NOUN
cjal-9190	184	4	for	for	ADP
cjal-9190	184	5	classifying	classify	VERB
cjal-9190	184	6	equity	equity	NOUN
cjal-9190	184	7	investors	investor	NOUN
cjal-9190	184	8	]	]	PUNCT
cjal-9190	184	9	in	in	ADP
cjal-9190	184	10	zhengquan	zhengquan	PROPN
cjal-9190	184	11	qihuoye	qihuoye	PROPN
cjal-9190	184	12	tongji	tongji	PROPN
cjal-9190	184	13	zhibiao	zhibiao	PROPN
cjal-9190	184	14	biaozhun	biaozhun	PROPN
cjal-9190	184	15	zhiyin	zhiyin	PROPN
cjal-9190	184	16	(	(	PUNCT
cjal-9190	184	17	证券期货业统计指标标准指引	证券期货业统计指标标准指引	PROPN
cjal-9190	184	18	)	)	PUNCT
cjal-9190	185	1	[	[	X
cjal-9190	185	2	the	the	DET
cjal-9190	185	3	guidelines	guideline	NOUN
cjal-9190	185	4	on	on	ADP
cjal-9190	185	5	the	the	DET
cjal-9190	185	6	statistical	statistical	ADJ
cjal-9190	185	7	indicator	indicator	NOUN
cjal-9190	185	8	standards	standard	NOUN
cjal-9190	185	9	for	for	ADP
cjal-9190	185	10	the	the	DET
cjal-9190	185	11	securities	security	NOUN
cjal-9190	185	12	and	and	CCONJ
cjal-9190	185	13	futures	future	NOUN
cjal-9190	185	14	industry	industry	NOUN
cjal-9190	185	15	]	]	PUNCT
cjal-9190	185	16	,	,	PUNCT
cjal-9190	185	17	promulgated	promulgate	VERB
cjal-9190	185	18	by	by	ADP
cjal-9190	185	19	csrc	csrc	NOUN
cjal-9190	185	20	on	on	ADP
cjal-9190	185	21	jan	jan	PROPN
cjal-9190	185	22	.	.	PROPN
cjal-9190	185	23	1	1	NUM
cjal-9190	185	24	,	,	PUNCT
cjal-9190	185	25	2020	2020	NUM
cjal-9190	185	26	,	,	PUNCT
cjal-9190	185	27	http://www.csrc.gov.cn/pub/zjhpublic/zjh/201912/p020191220532662778070.pdf	http://www.csrc.gov.cn/pub/zjhpublic/zjh/201912/p020191220532662778070.pdf	NOUN
cjal-9190	185	28	.	.	NOUN
cjal-9190	186	1	90	90	NUM
cjal-9190	186	2	institutional	institutional	ADJ
cjal-9190	186	3	investors	investor	NOUN
cjal-9190	186	4	in	in	ADP
cjal-9190	186	5	china	china	PROPN
cjal-9190	186	6	[	[	X
cjal-9190	186	7	vol	vol	NOUN
cjal-9190	186	8	.	.	PUNCT
cjal-9190	186	9	35	35	NUM
cjal-9190	186	10	:	:	SYM
cjal-9190	186	11	74	74	NUM
cjal-9190	186	12	b.	b.	NOUN
cjal-9190	186	13	foreign	foreign	ADJ
cjal-9190	186	14	institutional	institutional	ADJ
cjal-9190	186	15	investors	investor	NOUN
cjal-9190	186	16	:	:	PUNCT
cjal-9190	186	17	a	a	DET
cjal-9190	186	18	small	small	ADJ
cjal-9190	186	19	,	,	PUNCT
cjal-9190	186	20	but	but	CCONJ
cjal-9190	186	21	growing	grow	VERB
cjal-9190	186	22	,	,	PUNCT
cjal-9190	186	23	piece	piece	NOUN
cjal-9190	186	24	of	of	ADP
cjal-9190	186	25	the	the	DET
cjal-9190	186	26	taxonomy	taxonomy	NOUN
cjal-9190	186	27	the	the	DET
cjal-9190	186	28	first	first	ADJ
cjal-9190	186	29	important	important	ADJ
cjal-9190	186	30	bifurcation	bifurcation	NOUN
cjal-9190	186	31	in	in	ADP
cjal-9190	186	32	the	the	DET
cjal-9190	186	33	taxonomy	taxonomy	NOUN
cjal-9190	186	34	is	be	AUX
cjal-9190	186	35	between	between	ADP
cjal-9190	186	36	domestic	domestic	ADJ
cjal-9190	186	37	institutional	institutional	ADJ
cjal-9190	186	38	investors	investor	NOUN
cjal-9190	186	39	and	and	CCONJ
cjal-9190	186	40	foreign	foreign	ADJ
cjal-9190	186	41	institutional	institutional	ADJ
cjal-9190	186	42	investors	investor	NOUN
cjal-9190	186	43	.	.	PUNCT
cjal-9190	187	1	foreign	foreign	ADJ
cjal-9190	187	2	institutional	institutional	ADJ
cjal-9190	187	3	investors	investor	NOUN
cjal-9190	187	4	refer	refer	VERB
cjal-9190	187	5	to	to	ADP
cjal-9190	187	6	investors	investor	NOUN
cjal-9190	187	7	who	who	PRON
cjal-9190	187	8	enter	enter	VERB
cjal-9190	187	9	the	the	DET
cjal-9190	187	10	ashares	ashare	NOUN
cjal-9190	187	11	market	market	VERB
cjal-9190	187	12	through	through	ADP
cjal-9190	187	13	the	the	DET
cjal-9190	187	14	qualified	qualified	ADJ
cjal-9190	187	15	foreign	foreign	ADJ
cjal-9190	187	16	institutional	institutional	ADJ
cjal-9190	187	17	investors	investor	NOUN
cjal-9190	187	18	(	(	PUNCT
cjal-9190	187	19	qfii	qfii	ADJ
cjal-9190	187	20	)	)	PUNCT
cjal-9190	187	21	regime	regime	NOUN
cjal-9190	187	22	,	,	PUNCT
cjal-9190	187	23	the	the	DET
cjal-9190	187	24	renminbi	renminbi	NOUN
cjal-9190	187	25	qualified	qualified	ADJ
cjal-9190	187	26	foreign	foreign	ADJ
cjal-9190	187	27	institutional	institutional	ADJ
cjal-9190	187	28	investors	investor	NOUN
cjal-9190	187	29	(	(	PUNCT
cjal-9190	187	30	rqfii	rqfii	NOUN
cjal-9190	187	31	)	)	PUNCT
cjal-9190	187	32	regime	regime	NOUN
cjal-9190	187	33	,	,	PUNCT
cjal-9190	187	34	and	and	CCONJ
cjal-9190	187	35	mainland	mainland	NOUN
cjal-9190	187	36	-	-	PUNCT
cjal-9190	187	37	hong	hong	PROPN
cjal-9190	187	38	kong	kong	PROPN
cjal-9190	187	39	stock	stock	PROPN
cjal-9190	187	40	connect	connect	NOUN
cjal-9190	187	41	(	(	PUNCT
cjal-9190	187	42	lu	lu	PROPN
cjal-9190	187	43	gu	gu	NOUN
cjal-9190	187	44	tong	tong	PROPN
cjal-9190	187	45	)	)	PUNCT
cjal-9190	187	46	.	.	PUNCT
cjal-9190	188	1	china	china	PROPN
cjal-9190	188	2	is	be	AUX
cjal-9190	188	3	unique	unique	ADJ
cjal-9190	188	4	among	among	ADP
cjal-9190	188	5	most	most	ADJ
cjal-9190	188	6	major	major	ADJ
cjal-9190	188	7	economies	economy	NOUN
cjal-9190	188	8	with	with	ADP
cjal-9190	188	9	respect	respect	NOUN
cjal-9190	188	10	to	to	ADP
cjal-9190	188	11	how	how	SCONJ
cjal-9190	188	12	small	small	ADJ
cjal-9190	188	13	of	of	ADP
cjal-9190	188	14	a	a	DET
cjal-9190	188	15	percentage	percentage	NOUN
cjal-9190	188	16	of	of	ADP
cjal-9190	188	17	its	its	PRON
cjal-9190	188	18	stock	stock	NOUN
cjal-9190	188	19	market	market	NOUN
cjal-9190	188	20	is	be	AUX
cjal-9190	188	21	owned	own	VERB
cjal-9190	188	22	by	by	ADP
cjal-9190	188	23	foreign	foreign	ADJ
cjal-9190	188	24	institutional	institutional	ADJ
cjal-9190	188	25	investors.43	investors.43	PROPN
cjal-9190	188	26	as	as	SCONJ
cjal-9190	188	27	can	can	AUX
cjal-9190	188	28	be	be	AUX
cjal-9190	188	29	seen	see	VERB
cjal-9190	188	30	in	in	ADP
cjal-9190	188	31	chart	chart	NOUN
cjal-9190	188	32	1	1	NUM
cjal-9190	188	33	above	above	ADP
cjal-9190	188	34	,	,	PUNCT
cjal-9190	188	35	until	until	ADP
cjal-9190	188	36	2007	2007	NUM
cjal-9190	188	37	there	there	PRON
cjal-9190	188	38	was	be	VERB
cjal-9190	188	39	no	no	DET
cjal-9190	188	40	measurable	measurable	ADJ
cjal-9190	188	41	foreign	foreign	ADJ
cjal-9190	188	42	institutional	institutional	ADJ
cjal-9190	188	43	investor	investor	NOUN
cjal-9190	188	44	ownership	ownership	NOUN
cjal-9190	188	45	registered	register	VERB
cjal-9190	188	46	in	in	ADP
cjal-9190	188	47	the	the	DET
cjal-9190	188	48	a	a	DET
cjal-9190	188	49	-	-	PUNCT
cjal-9190	188	50	shares	share	NOUN
cjal-9190	188	51	market	market	NOUN
cjal-9190	188	52	.	.	PUNCT
cjal-9190	189	1	from	from	ADP
cjal-9190	189	2	2007	2007	NUM
cjal-9190	189	3	to	to	ADP
cjal-9190	189	4	2011	2011	NUM
cjal-9190	189	5	,	,	PUNCT
cjal-9190	189	6	the	the	DET
cjal-9190	189	7	level	level	NOUN
cjal-9190	189	8	of	of	ADP
cjal-9190	189	9	foreign	foreign	ADJ
cjal-9190	189	10	institutional	institutional	ADJ
cjal-9190	189	11	ownership	ownership	NOUN
cjal-9190	189	12	in	in	ADP
cjal-9190	189	13	the	the	DET
cjal-9190	189	14	a	a	DET
cjal-9190	189	15	-	-	PUNCT
cjal-9190	189	16	shares	share	NOUN
cjal-9190	189	17	market	market	NOUN
cjal-9190	189	18	was	be	AUX
cjal-9190	189	19	paltry	paltry	NOUN
cjal-9190	189	20	,	,	PUNCT
cjal-9190	189	21	remaining	remain	VERB
cjal-9190	189	22	at	at	ADP
cjal-9190	189	23	below	below	ADP
cjal-9190	189	24	1	1	NUM
cjal-9190	189	25	%	%	NOUN
cjal-9190	189	26	.	.	PUNCT
cjal-9190	190	1	although	although	SCONJ
cjal-9190	190	2	the	the	DET
cjal-9190	190	3	percentage	percentage	NOUN
cjal-9190	190	4	of	of	ADP
cjal-9190	190	5	foreign	foreign	ADJ
cjal-9190	190	6	institutional	institutional	ADJ
cjal-9190	190	7	investor	investor	NOUN
cjal-9190	190	8	ownership	ownership	NOUN
cjal-9190	190	9	has	have	AUX
cjal-9190	190	10	increased	increase	VERB
cjal-9190	190	11	since	since	SCONJ
cjal-9190	190	12	2016	2016	NUM
cjal-9190	190	13	,	,	PUNCT
cjal-9190	190	14	it	it	PRON
cjal-9190	190	15	registered	register	VERB
cjal-9190	190	16	at	at	ADP
cjal-9190	190	17	only	only	ADV
cjal-9190	190	18	2.8	2.8	NUM
cjal-9190	190	19	%	%	NOUN
cjal-9190	190	20	of	of	ADP
cjal-9190	190	21	the	the	DET
cjal-9190	190	22	a	a	DET
cjal-9190	190	23	-	-	PUNCT
cjal-9190	190	24	shares	share	NOUN
cjal-9190	190	25	market	market	NOUN
cjal-9190	190	26	in	in	ADP
cjal-9190	190	27	2018	2018	NUM
cjal-9190	190	28	.	.	PUNCT
cjal-9190	191	1	the	the	DET
cjal-9190	191	2	small	small	ADJ
cjal-9190	191	3	percentage	percentage	NOUN
cjal-9190	191	4	of	of	ADP
cjal-9190	191	5	the	the	DET
cjal-9190	191	6	a	a	DET
cjal-9190	191	7	-	-	PUNCT
cjal-9190	191	8	shares	share	NOUN
cjal-9190	191	9	market	market	NOUN
cjal-9190	191	10	owned	own	VERB
cjal-9190	191	11	by	by	ADP
cjal-9190	191	12	foreign	foreign	ADJ
cjal-9190	191	13	institutional	institutional	ADJ
cjal-9190	191	14	investors	investor	NOUN
cjal-9190	191	15	makes	make	VERB
cjal-9190	191	16	china	china	PROPN
cjal-9190	191	17	an	an	DET
cjal-9190	191	18	outlier	outlier	NOUN
cjal-9190	191	19	as	as	SCONJ
cjal-9190	191	20	foreign	foreign	ADJ
cjal-9190	191	21	institutional	institutional	ADJ
cjal-9190	191	22	investors	investor	NOUN
cjal-9190	191	23	have	have	AUX
cjal-9190	191	24	come	come	VERB
cjal-9190	191	25	to	to	PART
cjal-9190	191	26	play	play	VERB
cjal-9190	191	27	a	a	DET
cjal-9190	191	28	significant	significant	ADJ
cjal-9190	191	29	(	(	PUNCT
cjal-9190	191	30	and	and	CCONJ
cjal-9190	191	31	,	,	PUNCT
cjal-9190	191	32	in	in	ADP
cjal-9190	191	33	some	some	DET
cjal-9190	191	34	countries	country	NOUN
cjal-9190	191	35	such	such	ADJ
cjal-9190	191	36	as	as	ADP
cjal-9190	191	37	the	the	DET
cjal-9190	191	38	uk	uk	PROPN
cjal-9190	191	39	,	,	PUNCT
cjal-9190	191	40	even	even	ADV
cjal-9190	191	41	dominant	dominant	ADJ
cjal-9190	191	42	)	)	PUNCT
cjal-9190	191	43	role	role	NOUN
cjal-9190	191	44	in	in	ADP
cjal-9190	191	45	most	most	ADJ
cjal-9190	191	46	of	of	ADP
cjal-9190	191	47	the	the	DET
cjal-9190	191	48	world	world	NOUN
cjal-9190	191	49	’s	’s	PART
cjal-9190	191	50	other	other	ADJ
cjal-9190	191	51	major	major	ADJ
cjal-9190	191	52	stock	stock	NOUN
cjal-9190	191	53	markets.44	markets.44	NOUN
cjal-9190	191	54	relatedly	relatedly	ADV
cjal-9190	191	55	,	,	PUNCT
cjal-9190	191	56	the	the	DET
cjal-9190	191	57	us	us	PROPN
cjal-9190	191	58	“	"	PUNCT
cjal-9190	191	59	big	big	ADJ
cjal-9190	191	60	three	three	NUM
cjal-9190	191	61	”	"	PUNCT
cjal-9190	191	62	institutional	institutional	ADJ
cjal-9190	191	63	investors	investor	NOUN
cjal-9190	191	64	(	(	PUNCT
cjal-9190	191	65	blackrock	blackrock	PROPN
cjal-9190	191	66	,	,	PUNCT
cjal-9190	191	67	vanguard	vanguard	NOUN
cjal-9190	191	68	,	,	PUNCT
cjal-9190	191	69	and	and	CCONJ
cjal-9190	191	70	state	state	PROPN
cjal-9190	191	71	street	street	PROPN
cjal-9190	191	72	)	)	PUNCT
cjal-9190	191	73	—	—	PUNCT
cjal-9190	191	74	which	which	PRON
cjal-9190	191	75	have	have	AUX
cjal-9190	191	76	attracted	attract	VERB
cjal-9190	191	77	considerable	considerable	ADJ
cjal-9190	191	78	academic	academic	ADJ
cjal-9190	191	79	attention	attention	NOUN
cjal-9190	191	80	and	and	CCONJ
cjal-9190	191	81	are	be	AUX
cjal-9190	191	82	the	the	DET
cjal-9190	191	83	largest	large	ADJ
cjal-9190	191	84	institutional	institutional	ADJ
cjal-9190	191	85	investors	investor	NOUN
cjal-9190	191	86	globally	globally	ADV
cjal-9190	191	87	—	—	PUNCT
cjal-9190	191	88	have	have	AUX
cjal-9190	191	89	heretofore	heretofore	ADV
cjal-9190	191	90	owned	own	VERB
cjal-9190	191	91	a	a	DET
cjal-9190	191	92	miniscule	miniscule	ADJ
cjal-9190	191	93	percentage	percentage	NOUN
cjal-9190	191	94	of	of	ADP
cjal-9190	191	95	shares	share	NOUN
cjal-9190	191	96	in	in	ADP
cjal-9190	191	97	the	the	DET
cjal-9190	191	98	chinese	chinese	ADJ
cjal-9190	191	99	stock	stock	NOUN
cjal-9190	191	100	market.45	market.45	VERB
cjal-9190	191	101	the	the	DET
cjal-9190	191	102	small	small	ADJ
cjal-9190	191	103	percentage	percentage	NOUN
cjal-9190	191	104	of	of	ADP
cjal-9190	191	105	foreign	foreign	ADJ
cjal-9190	191	106	institutional	institutional	ADJ
cjal-9190	191	107	ownership	ownership	NOUN
cjal-9190	191	108	in	in	ADP
cjal-9190	191	109	the	the	DET
cjal-9190	191	110	chinese	chinese	ADJ
cjal-9190	191	111	stock	stock	NOUN
cjal-9190	191	112	market	market	NOUN
cjal-9190	191	113	is	be	AUX
cjal-9190	191	114	the	the	DET
cjal-9190	191	115	result	result	NOUN
cjal-9190	191	116	of	of	ADP
cjal-9190	191	117	strict	strict	ADJ
cjal-9190	191	118	regulatory	regulatory	ADJ
cjal-9190	191	119	caps	cap	NOUN
cjal-9190	191	120	that	that	PRON
cjal-9190	191	121	have	have	VERB
cjal-9190	191	122	43	43	NUM
cjal-9190	191	123	adriana	adriana	PROPN
cjal-9190	191	124	de	de	PROPN
cjal-9190	191	125	la	la	PROPN
cjal-9190	191	126	cruz	cruz	PROPN
cjal-9190	191	127	et	et	PROPN
cjal-9190	191	128	al	al	PROPN
cjal-9190	191	129	.	.	PROPN
cjal-9190	191	130	,	,	PUNCT
cjal-9190	191	131	owners	owner	NOUN
cjal-9190	191	132	of	of	ADP
cjal-9190	191	133	the	the	DET
cjal-9190	191	134	world	world	NOUN
cjal-9190	191	135	’s	’s	PART
cjal-9190	191	136	listed	list	VERB
cjal-9190	191	137	companies	company	NOUN
cjal-9190	191	138	,	,	PUNCT
cjal-9190	191	139	oecd	oecd	PROPN
cjal-9190	191	140	capital	capital	NOUN
cjal-9190	191	141	market	market	NOUN
cjal-9190	191	142	series	series	NOUN
cjal-9190	191	143	(	(	PUNCT
cjal-9190	191	144	oct	oct	PROPN
cjal-9190	191	145	.	.	PROPN
cjal-9190	191	146	17	17	NUM
cjal-9190	191	147	,	,	PUNCT
cjal-9190	191	148	2019	2019	NUM
cjal-9190	191	149	)	)	PUNCT
cjal-9190	191	150	,	,	PUNCT
cjal-9190	192	1	https://www.oecd.org/corporate/ownersof-the-worlds-listed-companies.htm	https://www.oecd.org/corporate/ownersof-the-worlds-listed-companies.htm	PROPN
cjal-9190	192	2	.	.	PROPN
cjal-9190	192	3	44	44	NUM
cjal-9190	192	4	wef	wef	PROPN
cjal-9190	192	5	report	report	NOUN
cjal-9190	192	6	,	,	PUNCT
cjal-9190	192	7	supra	supra	PROPN
cjal-9190	192	8	note	note	NOUN
cjal-9190	192	9	21	21	NUM
cjal-9190	192	10	.	.	PUNCT
cjal-9190	193	1	45	45	NUM
cjal-9190	193	2	see	see	VERB
cjal-9190	193	3	杨佼(yang	杨佼(yang	PROPN
cjal-9190	193	4	jiao	jiao	PROPN
cjal-9190	193	5	)	)	PUNCT
cjal-9190	193	6	,	,	PUNCT
cjal-9190	193	7	the	the	DET
cjal-9190	193	8	evolution	evolution	NOUN
cjal-9190	193	9	of	of	ADP
cjal-9190	193	10	a	a	DET
cjal-9190	193	11	-	-	PUNCT
cjal-9190	193	12	shares	share	NOUN
cjal-9190	193	13	investors	investor	NOUN
cjal-9190	193	14	in	in	ADP
cjal-9190	193	15	the	the	DET
cjal-9190	193	16	past	past	ADJ
cjal-9190	193	17	thirty	thirty	NUM
cjal-9190	193	18	years	year	NOUN
cjal-9190	193	19	:	:	PUNCT
cjal-9190	193	20	voice	voice	NOUN
cjal-9190	193	21	of	of	ADP
cjal-9190	193	22	institutional	institutional	ADJ
cjal-9190	193	23	investors	investor	NOUN
cjal-9190	193	24	increased	increase	VERB
cjal-9190	193	25	;	;	PUNCT
cjal-9190	193	26	the	the	DET
cjal-9190	193	27	percentage	percentage	NOUN
cjal-9190	193	28	of	of	ADP
cjal-9190	193	29	retail	retail	ADJ
cjal-9190	193	30	investors	investor	NOUN
cjal-9190	193	31	decreased	decrease	VERB
cjal-9190	193	32	to	to	ADP
cjal-9190	193	33	30	30	NUM
cjal-9190	193	34	%	%	NOUN
cjal-9190	193	35	(	(	PUNCT
cjal-9190	193	36	a	a	DET
cjal-9190	193	37	股投资者	股投资者	NOUN
cjal-9190	193	38	30	30	NUM
cjal-9190	193	39	年变迁：机构话语权提升，散户持股占比降	年变迁：机构话语权提升，散户持股占比降	NOUN
cjal-9190	193	40	至	至	NOUN
cjal-9190	193	41	30	30	NUM
cjal-9190	193	42	%	%	NOUN
cjal-9190	193	43	)	)	PUNCT
cjal-9190	193	44	,	,	PUNCT
cjal-9190	193	45	yicai	yicai	PROPN
cjal-9190	193	46	(	(	PUNCT
cjal-9190	193	47	nov	nov	PROPN
cjal-9190	193	48	.	.	PROPN
cjal-9190	193	49	30	30	NUM
cjal-9190	193	50	,	,	PUNCT
cjal-9190	193	51	2020	2020	NUM
cjal-9190	193	52	)	)	PUNCT
cjal-9190	193	53	,	,	PUNCT
cjal-9190	193	54	https://www.yicai.com/news/100858573.html	https://www.yicai.com/news/100858573.html	PROPN
cjal-9190	193	55	.	.	PUNCT
cjal-9190	194	1	major	major	ADJ
cjal-9190	194	2	institutional	institutional	ADJ
cjal-9190	194	3	investors	investor	NOUN
cjal-9190	194	4	such	such	ADJ
cjal-9190	194	5	as	as	ADP
cjal-9190	194	6	vanguard	vanguard	NOUN
cjal-9190	194	7	have	have	AUX
cjal-9190	194	8	relinquished	relinquish	VERB
cjal-9190	194	9	their	their	PRON
cjal-9190	194	10	bid	bid	NOUN
cjal-9190	194	11	for	for	ADP
cjal-9190	194	12	a	a	DET
cjal-9190	194	13	fund	fund	NOUN
cjal-9190	194	14	license	license	NOUN
cjal-9190	194	15	,	,	PUNCT
cjal-9190	194	16	and	and	CCONJ
cjal-9190	194	17	will	will	AUX
cjal-9190	194	18	instead	instead	ADV
cjal-9190	194	19	be	be	AUX
cjal-9190	194	20	relying	rely	VERB
cjal-9190	194	21	on	on	ADP
cjal-9190	194	22	their	their	PRON
cjal-9190	194	23	joint	joint	ADJ
cjal-9190	194	24	venture	venture	NOUN
cjal-9190	194	25	with	with	ADP
cjal-9190	194	26	ant	ant	ADJ
cjal-9190	194	27	financial	financial	NOUN
cjal-9190	194	28	.	.	PUNCT
cjal-9190	195	1	see	see	VERB
cjal-9190	195	2	shock	shock	NOUN
cjal-9190	195	3	and	and	CCONJ
cjal-9190	195	4	tears	tear	NOUN
cjal-9190	195	5	:	:	PUNCT
cjal-9190	195	6	behind	behind	ADP
cjal-9190	195	7	vanguard	vanguard	PROPN
cjal-9190	195	8	’s	’s	PART
cjal-9190	195	9	retreat	retreat	NOUN
cjal-9190	195	10	from	from	ADP
cjal-9190	195	11	china	china	PROPN
cjal-9190	195	12	market	market	NOUN
cjal-9190	195	13	,	,	PUNCT
cjal-9190	195	14	bloombergquint	bloombergquint	NOUN
cjal-9190	195	15	(	(	PUNCT
cjal-9190	195	16	apr	apr	PROPN
cjal-9190	195	17	.	.	PROPN
cjal-9190	195	18	30	30	NUM
cjal-9190	195	19	,	,	PUNCT
cjal-9190	195	20	2021	2021	NUM
cjal-9190	195	21	)	)	PUNCT
cjal-9190	195	22	,	,	PUNCT
cjal-9190	195	23	https://www.bloombergquint.com/markets/shock-and-tears-behind-vanguard-sretreat-from-china-s-market	https://www.bloombergquint.com/markets/shock-and-tears-behind-vanguard-sretreat-from-china-s-market	PROPN
cjal-9190	195	24	.	.	PROPN
cjal-9190	195	25	2022	2022	NUM
cjal-9190	195	26	]	]	PUNCT
cjal-9190	195	27	columbia	columbia	PROPN
cjal-9190	195	28	journal	journal	PROPN
cjal-9190	195	29	of	of	ADP
cjal-9190	195	30	asian	asian	ADJ
cjal-9190	195	31	law	law	PROPN
cjal-9190	195	32	91	91	NUM
cjal-9190	195	33	historically	historically	ADV
cjal-9190	195	34	been	be	AUX
cjal-9190	195	35	placed	place	VERB
cjal-9190	195	36	on	on	ADP
cjal-9190	195	37	foreign	foreign	ADJ
cjal-9190	195	38	institutional	institutional	ADJ
cjal-9190	195	39	investors	investor	NOUN
cjal-9190	195	40	.	.	PUNCT
cjal-9190	196	1	in	in	ADP
cjal-9190	196	2	2002	2002	NUM
cjal-9190	196	3	,	,	PUNCT
cjal-9190	196	4	the	the	DET
cjal-9190	196	5	chinese	chinese	ADJ
cjal-9190	196	6	government	government	NOUN
cjal-9190	196	7	launched	launch	VERB
cjal-9190	196	8	the	the	DET
cjal-9190	196	9	highly	highly	ADV
cjal-9190	196	10	restrictive	restrictive	ADJ
cjal-9190	196	11	qfii	qfii	ADJ
cjal-9190	196	12	scheme	scheme	NOUN
cjal-9190	196	13	,	,	PUNCT
cjal-9190	196	14	which	which	PRON
cjal-9190	196	15	for	for	ADP
cjal-9190	196	16	the	the	DET
cjal-9190	196	17	first	first	ADJ
cjal-9190	196	18	time	time	NOUN
cjal-9190	196	19	allowed	allow	VERB
cjal-9190	196	20	foreign	foreign	ADJ
cjal-9190	196	21	institutional	institutional	ADJ
cjal-9190	196	22	investors	investor	NOUN
cjal-9190	196	23	to	to	PART
cjal-9190	196	24	invest	invest	VERB
cjal-9190	196	25	in	in	ADP
cjal-9190	196	26	the	the	DET
cjal-9190	196	27	chinese	chinese	ADJ
cjal-9190	196	28	securities	security	NOUN
cjal-9190	196	29	market.46	market.46	PROPN
cjal-9190	196	30	this	this	PRON
cjal-9190	196	31	required	require	VERB
cjal-9190	196	32	foreign	foreign	ADJ
cjal-9190	196	33	investors	investor	NOUN
cjal-9190	196	34	to	to	PART
cjal-9190	196	35	apply	apply	VERB
cjal-9190	196	36	to	to	ADP
cjal-9190	196	37	the	the	DET
cjal-9190	196	38	csrc	csrc	NOUN
cjal-9190	196	39	for	for	ADP
cjal-9190	196	40	its	its	PRON
cjal-9190	196	41	approval	approval	NOUN
cjal-9190	196	42	to	to	PART
cjal-9190	196	43	invest	invest	VERB
cjal-9190	196	44	.	.	PUNCT
cjal-9190	197	1	if	if	SCONJ
cjal-9190	197	2	approved	approve	VERB
cjal-9190	197	3	,	,	PUNCT
cjal-9190	197	4	the	the	DET
cjal-9190	197	5	foreign	foreign	ADJ
cjal-9190	197	6	investor	investor	NOUN
cjal-9190	197	7	would	would	AUX
cjal-9190	197	8	receive	receive	VERB
cjal-9190	197	9	a	a	DET
cjal-9190	197	10	limited	limited	ADJ
cjal-9190	197	11	quota	quota	NOUN
cjal-9190	197	12	on	on	ADP
cjal-9190	197	13	the	the	DET
cjal-9190	197	14	approved	approve	VERB
cjal-9190	197	15	amount	amount	NOUN
cjal-9190	197	16	that	that	PRON
cjal-9190	197	17	could	could	AUX
cjal-9190	197	18	be	be	AUX
cjal-9190	197	19	invested	invest	VERB
cjal-9190	197	20	from	from	ADP
cjal-9190	197	21	the	the	DET
cjal-9190	197	22	state	state	NOUN
cjal-9190	197	23	administration	administration	NOUN
cjal-9190	197	24	of	of	ADP
cjal-9190	197	25	foreign	foreign	ADJ
cjal-9190	197	26	exchange	exchange	NOUN
cjal-9190	197	27	(	(	PUNCT
cjal-9190	197	28	safe	safe	ADJ
cjal-9190	197	29	)	)	PUNCT
cjal-9190	197	30	.	.	PUNCT
cjal-9190	198	1	the	the	DET
cjal-9190	198	2	approved	approve	VERB
cjal-9190	198	3	amount	amount	NOUN
cjal-9190	198	4	under	under	ADP
cjal-9190	198	5	the	the	DET
cjal-9190	198	6	safe	safe	ADJ
cjal-9190	198	7	investment	investment	NOUN
cjal-9190	198	8	quota	quota	NOUN
cjal-9190	198	9	was	be	AUX
cjal-9190	198	10	subject	subject	ADJ
cjal-9190	198	11	to	to	ADP
cjal-9190	198	12	a	a	DET
cjal-9190	198	13	one	one	NUM
cjal-9190	198	14	-	-	PUNCT
cjal-9190	198	15	year	year	NOUN
cjal-9190	198	16	lock	lock	NOUN
cjal-9190	198	17	-	-	PUNCT
cjal-9190	198	18	in	in	ADP
cjal-9190	198	19	period	period	NOUN
cjal-9190	198	20	during	during	ADP
cjal-9190	198	21	which	which	DET
cjal-9190	198	22	time	time	NOUN
cjal-9190	198	23	the	the	DET
cjal-9190	198	24	investment	investment	NOUN
cjal-9190	198	25	funds	fund	NOUN
cjal-9190	198	26	had	have	VERB
cjal-9190	198	27	to	to	PART
cjal-9190	198	28	remain	remain	VERB
cjal-9190	198	29	in	in	ADP
cjal-9190	198	30	china.47	china.47	NOUN
cjal-9190	198	31	under	under	ADP
cjal-9190	198	32	no	no	DET
cjal-9190	198	33	circumstances	circumstance	NOUN
cjal-9190	198	34	could	could	AUX
cjal-9190	198	35	the	the	DET
cjal-9190	198	36	total	total	ADJ
cjal-9190	198	37	combined	combine	VERB
cjal-9190	198	38	percentage	percentage	NOUN
cjal-9190	198	39	of	of	ADP
cjal-9190	198	40	shares	share	NOUN
cjal-9190	198	41	held	hold	VERB
cjal-9190	198	42	by	by	ADP
cjal-9190	198	43	all	all	DET
cjal-9190	198	44	the	the	DET
cjal-9190	198	45	qfiis	qfiis	NOUN
cjal-9190	198	46	in	in	ADP
cjal-9190	198	47	a	a	DET
cjal-9190	198	48	single	single	ADJ
cjal-9190	198	49	listed	list	VERB
cjal-9190	198	50	company	company	NOUN
cjal-9190	198	51	exceed	exceed	VERB
cjal-9190	198	52	20	20	NUM
cjal-9190	198	53	%	%	NOUN
cjal-9190	198	54	of	of	ADP
cjal-9190	198	55	its	its	PRON
cjal-9190	198	56	total	total	ADJ
cjal-9190	198	57	shares	share	NOUN
cjal-9190	198	58	nor	nor	CCONJ
cjal-9190	198	59	could	could	AUX
cjal-9190	198	60	a	a	DET
cjal-9190	198	61	single	single	ADJ
cjal-9190	198	62	foreign	foreign	ADJ
cjal-9190	198	63	investor	investor	NOUN
cjal-9190	198	64	own	own	VERB
cjal-9190	198	65	more	more	ADJ
cjal-9190	198	66	than	than	ADP
cjal-9190	198	67	10	10	NUM
cjal-9190	198	68	%	%	NOUN
cjal-9190	198	69	of	of	ADP
cjal-9190	198	70	shares	share	NOUN
cjal-9190	198	71	in	in	ADP
cjal-9190	198	72	a	a	DET
cjal-9190	198	73	listed	list	VERB
cjal-9190	198	74	company	company	NOUN
cjal-9190	198	75	.	.	PUNCT
cjal-9190	199	1	48	48	NUM
cjal-9190	199	2	in	in	ADP
cjal-9190	199	3	addition	addition	NOUN
cjal-9190	199	4	,	,	PUNCT
cjal-9190	199	5	to	to	PART
cjal-9190	199	6	qualify	qualify	VERB
cjal-9190	199	7	for	for	ADP
cjal-9190	199	8	the	the	DET
cjal-9190	199	9	qfiis	qfiis	NOUN
cjal-9190	199	10	scheme	scheme	NOUN
cjal-9190	199	11	,	,	PUNCT
cjal-9190	199	12	fund	fund	NOUN
cjal-9190	199	13	management	management	NOUN
cjal-9190	199	14	companies	company	NOUN
cjal-9190	199	15	had	have	VERB
cjal-9190	199	16	to	to	PART
cjal-9190	199	17	have	have	VERB
cjal-9190	199	18	a	a	DET
cjal-9190	199	19	minimum	minimum	NOUN
cjal-9190	199	20	of	of	ADP
cjal-9190	199	21	us$10	us$10	NOUN
cjal-9190	199	22	billion	billion	NUM
cjal-9190	199	23	in	in	ADP
cjal-9190	199	24	assets	asset	NOUN
cjal-9190	199	25	under	under	ADP
cjal-9190	199	26	management	management	NOUN
cjal-9190	199	27	in	in	ADP
cjal-9190	199	28	their	their	PRON
cjal-9190	199	29	previous	previous	ADJ
cjal-9190	199	30	financial	financial	ADJ
cjal-9190	199	31	year	year	NOUN
cjal-9190	199	32	and	and	CCONJ
cjal-9190	199	33	at	at	ADV
cjal-9190	199	34	least	least	ADV
cjal-9190	199	35	five	five	NUM
cjal-9190	199	36	years	year	NOUN
cjal-9190	199	37	of	of	ADP
cjal-9190	199	38	operational	operational	ADJ
cjal-9190	199	39	experience	experience	NOUN
cjal-9190	199	40	,	,	PUNCT
cjal-9190	199	41	while	while	SCONJ
cjal-9190	199	42	insurance	insurance	NOUN
cjal-9190	199	43	companies	company	NOUN
cjal-9190	199	44	were	be	AUX
cjal-9190	199	45	required	require	VERB
cjal-9190	199	46	to	to	PART
cjal-9190	199	47	have	have	VERB
cjal-9190	199	48	at	at	ADV
cjal-9190	199	49	least	least	ADV
cjal-9190	199	50	30	30	NUM
cjal-9190	199	51	years	year	NOUN
cjal-9190	199	52	of	of	ADP
cjal-9190	199	53	experience	experience	NOUN
cjal-9190	199	54	and	and	CCONJ
cjal-9190	199	55	paid	pay	VERB
cjal-9190	199	56	-	-	PUNCT
cjal-9190	199	57	in	in	ADP
cjal-9190	199	58	capital	capital	NOUN
cjal-9190	199	59	of	of	ADP
cjal-9190	199	60	at	at	ADV
cjal-9190	199	61	least	least	ADJ
cjal-9190	199	62	us$1	us$1	NUM
cjal-9190	199	63	billion	billion	NUM
cjal-9190	199	64	.	.	PUNCT
cjal-9190	200	1	49	49	NUM
cjal-9190	201	1	the	the	DET
cjal-9190	201	2	restrictions	restriction	NOUN
cjal-9190	201	3	limited	limit	VERB
cjal-9190	201	4	qfiis	qfiis	NOUN
cjal-9190	201	5	to	to	ADP
cjal-9190	201	6	major	major	ADJ
cjal-9190	201	7	international	international	ADJ
cjal-9190	201	8	investment	investment	NOUN
cjal-9190	201	9	banks	bank	NOUN
cjal-9190	201	10	who	who	PRON
cjal-9190	201	11	,	,	PUNCT
cjal-9190	201	12	due	due	ADP
cjal-9190	201	13	to	to	ADP
cjal-9190	201	14	the	the	DET
cjal-9190	201	15	strict	strict	ADJ
cjal-9190	201	16	quotas	quota	NOUN
cjal-9190	201	17	and	and	CCONJ
cjal-9190	201	18	restrictions	restriction	NOUN
cjal-9190	201	19	,	,	PUNCT
cjal-9190	201	20	individually	individually	ADV
cjal-9190	201	21	and	and	CCONJ
cjal-9190	201	22	collectively	collectively	ADV
cjal-9190	201	23	could	could	AUX
cjal-9190	201	24	only	only	ADV
cjal-9190	201	25	own	own	VERB
cjal-9190	201	26	a	a	DET
cjal-9190	201	27	small	small	ADJ
cjal-9190	201	28	percentage	percentage	NOUN
cjal-9190	201	29	of	of	ADP
cjal-9190	201	30	shares	share	NOUN
cjal-9190	201	31	in	in	ADP
cjal-9190	201	32	chinese	chinese	ADJ
cjal-9190	201	33	listed	list	VERB
cjal-9190	201	34	companies	company	NOUN
cjal-9190	201	35	.	.	PUNCT
cjal-9190	202	1	since	since	SCONJ
cjal-9190	202	2	2002	2002	NUM
cjal-9190	202	3	,	,	PUNCT
cjal-9190	202	4	as	as	SCONJ
cjal-9190	202	5	set	set	VERB
cjal-9190	202	6	out	out	ADP
cjal-9190	202	7	in	in	ADP
cjal-9190	202	8	detail	detail	NOUN
cjal-9190	202	9	in	in	ADP
cjal-9190	202	10	appendix	appendix	NOUN
cjal-9190	202	11	1	1	NUM
cjal-9190	202	12	,	,	PUNCT
cjal-9190	202	13	the	the	DET
cjal-9190	202	14	investment	investment	NOUN
cjal-9190	202	15	restrictions	restriction	NOUN
cjal-9190	202	16	and	and	CCONJ
cjal-9190	202	17	lock	lock	NOUN
cjal-9190	202	18	-	-	PUNCT
cjal-9190	202	19	in	in	ADP
cjal-9190	202	20	period	period	NOUN
cjal-9190	202	21	for	for	ADP
cjal-9190	202	22	qfiis	qfiis	NOUN
cjal-9190	202	23	have	have	AUX
cjal-9190	202	24	progressively	progressively	ADV
cjal-9190	202	25	been	be	AUX
cjal-9190	202	26	relaxed	relax	VERB
cjal-9190	202	27	to	to	PART
cjal-9190	202	28	facilitate	facilitate	VERB
cjal-9190	202	29	the	the	DET
cjal-9190	202	30	inflow	inflow	NOUN
cjal-9190	202	31	of	of	ADP
cjal-9190	202	32	more	more	ADJ
cjal-9190	202	33	foreign	foreign	ADJ
cjal-9190	202	34	institutional	institutional	ADJ
cjal-9190	202	35	investments	investment	NOUN
cjal-9190	202	36	.	.	PUNCT
cjal-9190	203	1	importantly	importantly	ADV
cjal-9190	203	2	,	,	PUNCT
cjal-9190	203	3	as	as	SCONJ
cjal-9190	203	4	part	part	NOUN
cjal-9190	203	5	of	of	ADP
cjal-9190	203	6	this	this	DET
cjal-9190	203	7	initiative	initiative	NOUN
cjal-9190	203	8	,	,	PUNCT
cjal-9190	203	9	in	in	ADP
cjal-9190	203	10	2005	2005	NUM
cjal-9190	203	11	the	the	DET
cjal-9190	203	12	ministry	ministry	PROPN
cjal-9190	203	13	of	of	ADP
cjal-9190	203	14	commerce	commerce	PROPN
cjal-9190	203	15	,	,	PUNCT
cjal-9190	203	16	the	the	DET
cjal-9190	203	17	csrc	csrc	NOUN
cjal-9190	203	18	,	,	PUNCT
cjal-9190	203	19	the	the	DET
cjal-9190	203	20	state	state	NOUN
cjal-9190	203	21	administration	administration	NOUN
cjal-9190	203	22	of	of	ADP
cjal-9190	203	23	taxation	taxation	NOUN
cjal-9190	203	24	,	,	PUNCT
cjal-9190	203	25	the	the	DET
cjal-9190	203	26	state	state	NOUN
cjal-9190	203	27	administration	administration	NOUN
cjal-9190	203	28	for	for	ADP
cjal-9190	203	29	industry	industry	NOUN
cjal-9190	203	30	and	and	CCONJ
cjal-9190	203	31	commerce	commerce	NOUN
cjal-9190	203	32	,	,	PUNCT
cjal-9190	203	33	and	and	CCONJ
cjal-9190	203	34	the	the	DET
cjal-9190	203	35	state	state	NOUN
cjal-9190	203	36	46	46	NUM
cjal-9190	203	37	hege	hege	NOUN
cjal-9190	203	38	jingwai	jingwai	NOUN
cjal-9190	203	39	jigou	jigou	PROPN
cjal-9190	203	40	touzizhe	touzizhe	PROPN
cjal-9190	203	41	jingnei	jingnei	VERB
cjal-9190	203	42	zhengquan	zhengquan	PROPN
cjal-9190	204	1	touzi	touzi	PROPN
cjal-9190	204	2	guanli	guanli	PROPN
cjal-9190	204	3	zanxing	zanxing	PROPN
cjal-9190	204	4	banfa(合	banfa(合	NOUN
cjal-9190	204	5	格境外机构投资者境内证券投资管理暂行办法	格境外机构投资者境内证券投资管理暂行办法	PROPN
cjal-9190	204	6	)	)	PUNCT
cjal-9190	205	1	[	[	X
cjal-9190	205	2	interim	interim	ADJ
cjal-9190	205	3	measures	measure	NOUN
cjal-9190	205	4	for	for	ADP
cjal-9190	205	5	the	the	DET
cjal-9190	205	6	administration	administration	NOUN
cjal-9190	205	7	of	of	ADP
cjal-9190	205	8	domestic	domestic	ADJ
cjal-9190	205	9	securities	security	NOUN
cjal-9190	205	10	investment	investment	NOUN
cjal-9190	205	11	by	by	ADP
cjal-9190	205	12	qualified	qualified	ADJ
cjal-9190	205	13	foreign	foreign	ADJ
cjal-9190	205	14	institutional	institutional	ADJ
cjal-9190	205	15	investors	investor	NOUN
cjal-9190	205	16	]	]	PUNCT
cjal-9190	205	17	,	,	PUNCT
cjal-9190	205	18	promulgated	promulgate	VERB
cjal-9190	205	19	by	by	ADP
cjal-9190	205	20	csrc	csrc	NOUN
cjal-9190	205	21	and	and	CCONJ
cjal-9190	205	22	pboc	pboc	NOUN
cjal-9190	205	23	on	on	ADP
cjal-9190	205	24	nov	nov	PROPN
cjal-9190	205	25	.	.	PROPN
cjal-9190	205	26	5	5	NUM
cjal-9190	205	27	,	,	PUNCT
cjal-9190	205	28	2002	2002	NUM
cjal-9190	205	29	.	.	PUNCT
cjal-9190	206	1	47	47	NUM
cjal-9190	206	2	wei	wei	PROPN
cjal-9190	206	3	huang	huang	PROPN
cjal-9190	206	4	&	&	CCONJ
cjal-9190	206	5	tao	tao	PROPN
cjal-9190	206	6	zhu	zhu	PROPN
cjal-9190	206	7	,	,	PUNCT
cjal-9190	206	8	foreign	foreign	ADJ
cjal-9190	206	9	institutional	institutional	ADJ
cjal-9190	206	10	investors	investor	NOUN
cjal-9190	206	11	and	and	CCONJ
cjal-9190	206	12	corporate	corporate	ADJ
cjal-9190	206	13	governance	governance	NOUN
cjal-9190	206	14	in	in	ADP
cjal-9190	206	15	emerging	emerge	VERB
cjal-9190	206	16	markets	market	NOUN
cjal-9190	206	17	:	:	PUNCT
cjal-9190	206	18	evidence	evidence	NOUN
cjal-9190	206	19	of	of	ADP
cjal-9190	206	20	a	a	DET
cjal-9190	206	21	split	split	ADJ
cjal-9190	206	22	-	-	PUNCT
cjal-9190	206	23	share	share	NOUN
cjal-9190	206	24	structure	structure	NOUN
cjal-9190	206	25	reform	reform	NOUN
cjal-9190	206	26	in	in	ADP
cjal-9190	206	27	china	china	PROPN
cjal-9190	206	28	,	,	PUNCT
cjal-9190	206	29	32	32	NUM
cjal-9190	206	30	j.	j.	PROPN
cjal-9190	206	31	corp	corp	PROPN
cjal-9190	206	32	.	.	PROPN
cjal-9190	206	33	fin	fin	PROPN
cjal-9190	206	34	.	.	PUNCT
cjal-9190	206	35	312	312	NUM
cjal-9190	206	36	,	,	PUNCT
cjal-9190	206	37	at	at	ADP
cjal-9190	206	38	n.10	n.10	ADP
cjal-9190	206	39	(	(	PUNCT
cjal-9190	206	40	2015	2015	NUM
cjal-9190	206	41	)	)	PUNCT
cjal-9190	206	42	.	.	PUNCT
cjal-9190	207	1	48	48	NUM
cjal-9190	207	2	see	see	VERB
cjal-9190	207	3	guanyu	guanyu	PROPN
cjal-9190	207	4	shishi	shishi	PROPN
cjal-9190	207	5	hege	hege	PROPN
cjal-9190	207	6	jingwai	jingwai	NOUN
cjal-9190	207	7	jigoou	jigoou	PROPN
cjal-9190	207	8	touzizhe	touzizhe	PROPN
cjal-9190	207	9	jingnei	jingnei	PROPN
cjal-9190	207	10	zhengquan	zhengquan	PROPN
cjal-9190	208	1	touzi	touzi	PROPN
cjal-9190	208	2	guanli	guanli	PROPN
cjal-9190	208	3	banfa	banfa	PROPN
cjal-9190	208	4	youguan	youguan	PROPN
cjal-9190	208	5	wenti	wenti	PROPN
cjal-9190	208	6	de	de	X
cjal-9190	208	7	tongzhi	tongzhi	PROPN
cjal-9190	208	8	(	(	PUNCT
cjal-9190	208	9	关于实施《合格境外机构投资者境内	关于实施《合格境外机构投资者境内	X
cjal-9190	208	10	证券投资管理办法》有关问题的通知	证券投资管理办法》有关问题的通知	PROPN
cjal-9190	208	11	)	)	PUNCT
cjal-9190	209	1	[	[	X
cjal-9190	209	2	notice	notice	NOUN
cjal-9190	209	3	on	on	ADP
cjal-9190	209	4	issues	issue	NOUN
cjal-9190	209	5	relating	relate	VERB
cjal-9190	209	6	to	to	ADP
cjal-9190	209	7	the	the	DET
cjal-9190	209	8	implementation	implementation	NOUN
cjal-9190	209	9	of	of	ADP
cjal-9190	209	10	the	the	DET
cjal-9190	209	11	measures	measure	NOUN
cjal-9190	209	12	for	for	ADP
cjal-9190	209	13	the	the	DET
cjal-9190	209	14	administration	administration	NOUN
cjal-9190	209	15	of	of	ADP
cjal-9190	209	16	domestic	domestic	ADJ
cjal-9190	209	17	securities	security	NOUN
cjal-9190	209	18	investment	investment	NOUN
cjal-9190	209	19	by	by	ADP
cjal-9190	209	20	qualified	qualified	ADJ
cjal-9190	209	21	foreign	foreign	ADJ
cjal-9190	209	22	institutional	institutional	ADJ
cjal-9190	209	23	investors	investor	NOUN
cjal-9190	209	24	]	]	PUNCT
cjal-9190	209	25	,	,	PUNCT
cjal-9190	209	26	promulgated	promulgate	VERB
cjal-9190	209	27	by	by	ADP
cjal-9190	209	28	csrc	csrc	NOUN
cjal-9190	209	29	on	on	ADP
cjal-9190	209	30	aug	aug	PROPN
cjal-9190	209	31	.	.	PROPN
cjal-9190	209	32	24	24	NUM
cjal-9190	209	33	,	,	PUNCT
cjal-9190	209	34	2006	2006	NUM
cjal-9190	209	35	,	,	PUNCT
cjal-9190	209	36	http://www.csrc.gov.cn/pub/newsite/flb/flfg/bmgf/jj/hgjw/201012/t20101231_1897	http://www.csrc.gov.cn/pub/newsite/flb/flfg/bmgf/jj/hgjw/201012/t20101231_1897	PROPN
cjal-9190	209	37	93.html	93.html	PROPN
cjal-9190	209	38	.	.	PROPN
cjal-9190	209	39	49	49	NUM
cjal-9190	210	1	huang	huang	PROPN
cjal-9190	210	2	&	&	CCONJ
cjal-9190	210	3	zhu	zhu	PROPN
cjal-9190	210	4	,	,	PUNCT
cjal-9190	210	5	supra	supra	PROPN
cjal-9190	210	6	note	note	PROPN
cjal-9190	210	7	47	47	NUM
cjal-9190	210	8	,	,	PUNCT
cjal-9190	210	9	at	at	ADP
cjal-9190	210	10	315	315	NUM
cjal-9190	210	11	.	.	PUNCT
cjal-9190	211	1	92	92	NUM
cjal-9190	211	2	institutional	institutional	ADJ
cjal-9190	211	3	investors	investor	NOUN
cjal-9190	211	4	in	in	ADP
cjal-9190	211	5	china	china	PROPN
cjal-9190	211	6	[	[	X
cjal-9190	211	7	vol	vol	NOUN
cjal-9190	211	8	.	.	PUNCT
cjal-9190	211	9	35	35	NUM
cjal-9190	211	10	:	:	SYM
cjal-9190	211	11	74	74	NUM
cjal-9190	211	12	administration	administration	NOUN
cjal-9190	211	13	of	of	ADP
cjal-9190	211	14	foreign	foreign	ADJ
cjal-9190	211	15	exchange	exchange	NOUN
cjal-9190	211	16	jointly	jointly	ADV
cjal-9190	211	17	issued	issue	VERB
cjal-9190	211	18	a	a	DET
cjal-9190	211	19	new	new	ADJ
cjal-9190	211	20	measure	measure	NOUN
cjal-9190	211	21	to	to	PART
cjal-9190	211	22	allow	allow	VERB
cjal-9190	211	23	strategic	strategic	ADJ
cjal-9190	211	24	investments	investment	NOUN
cjal-9190	211	25	in	in	ADP
cjal-9190	211	26	a	a	DET
cjal-9190	211	27	-	-	PUNCT
cjal-9190	211	28	shares	share	NOUN
cjal-9190	211	29	listed	list	VERB
cjal-9190	211	30	companies	company	NOUN
cjal-9190	211	31	by	by	ADP
cjal-9190	211	32	foreign	foreign	ADJ
cjal-9190	211	33	investors	investor	NOUN
cjal-9190	211	34	.	.	PUNCT
cjal-9190	212	1	the	the	DET
cjal-9190	212	2	measures	measure	NOUN
cjal-9190	212	3	took	take	VERB
cjal-9190	212	4	effect	effect	NOUN
cjal-9190	212	5	in	in	ADP
cjal-9190	212	6	2006	2006	NUM
cjal-9190	212	7	,	,	PUNCT
cjal-9190	212	8	and	and	CCONJ
cjal-9190	212	9	as	as	SCONJ
cjal-9190	212	10	is	be	AUX
cjal-9190	212	11	clear	clear	ADJ
cjal-9190	212	12	in	in	ADP
cjal-9190	212	13	chart	chart	NOUN
cjal-9190	212	14	1	1	NUM
cjal-9190	212	15	above	above	ADV
cjal-9190	212	16	,	,	PUNCT
cjal-9190	212	17	foreign	foreign	ADJ
cjal-9190	212	18	institutional	institutional	ADJ
cjal-9190	212	19	investors	investor	NOUN
cjal-9190	212	20	began	begin	VERB
cjal-9190	212	21	to	to	PART
cjal-9190	212	22	invest	invest	VERB
cjal-9190	212	23	in	in	ADP
cjal-9190	212	24	the	the	DET
cjal-9190	212	25	a	a	DET
cjal-9190	212	26	-	-	PUNCT
cjal-9190	212	27	shares	share	NOUN
cjal-9190	212	28	market	market	NOUN
cjal-9190	212	29	in	in	ADP
cjal-9190	212	30	2007.50	2007.50	NUM
cjal-9190	212	31	in	in	ADP
cjal-9190	212	32	2012	2012	NUM
cjal-9190	212	33	,	,	PUNCT
cjal-9190	212	34	the	the	DET
cjal-9190	212	35	limitations	limitation	NOUN
cjal-9190	212	36	on	on	ADP
cjal-9190	212	37	the	the	DET
cjal-9190	212	38	total	total	ADJ
cjal-9190	212	39	combined	combine	VERB
cjal-9190	212	40	percentage	percentage	NOUN
cjal-9190	212	41	of	of	ADP
cjal-9190	212	42	shares	share	NOUN
cjal-9190	212	43	held	hold	VERB
cjal-9190	212	44	by	by	ADP
cjal-9190	212	45	all	all	DET
cjal-9190	212	46	the	the	DET
cjal-9190	212	47	qfiis	qfiis	NOUN
cjal-9190	212	48	,	,	PUNCT
cjal-9190	212	49	rqfiis	rqfiis	ADJ
cjal-9190	212	50	,	,	PUNCT
cjal-9190	212	51	and	and	CCONJ
cjal-9190	212	52	mainland	mainland	NOUN
cjal-9190	212	53	-	-	PUNCT
cjal-9190	212	54	hong	hong	PROPN
cjal-9190	212	55	kong	kong	PROPN
cjal-9190	212	56	stock	stock	PROPN
cjal-9190	212	57	connect	connect	PROPN
cjal-9190	212	58	investors51	investors51	NOUN
cjal-9190	212	59	in	in	ADP
cjal-9190	212	60	a	a	DET
cjal-9190	212	61	single	single	ADJ
cjal-9190	212	62	listed	list	VERB
cjal-9190	212	63	company	company	NOUN
cjal-9190	212	64	was	be	AUX
cjal-9190	212	65	increased	increase	VERB
cjal-9190	212	66	to	to	ADP
cjal-9190	212	67	30%.52	30%.52	NUM
cjal-9190	212	68	in	in	ADP
cjal-9190	212	69	2018	2018	NUM
cjal-9190	212	70	,	,	PUNCT
cjal-9190	212	71	safe	safe	ADJ
cjal-9190	212	72	issued	issue	VERB
cjal-9190	212	73	new	new	ADJ
cjal-9190	212	74	provisions	provision	NOUN
cjal-9190	212	75	53	53	NUM
cjal-9190	212	76	that	that	PRON
cjal-9190	212	77	abolished	abolish	VERB
cjal-9190	212	78	the	the	DET
cjal-9190	212	79	lock	lock	NOUN
cjal-9190	212	80	-	-	PUNCT
cjal-9190	212	81	in	in	ADP
cjal-9190	212	82	50	50	NUM
cjal-9190	212	83	waiguo	waiguo	NOUN
cjal-9190	212	84	touzizhe	touzizhe	VERB
cjal-9190	212	85	dui	dui	PROPN
cjal-9190	212	86	shangshi	shangshi	VERB
cjal-9190	212	87	gongsi	gongsi	ADJ
cjal-9190	212	88	zhanlue	zhanlue	NOUN
cjal-9190	212	89	touzi	touzi	PROPN
cjal-9190	212	90	guanli	guanli	PROPN
cjal-9190	212	91	banfa	banfa	PROPN
cjal-9190	212	92	(	(	PUNCT
cjal-9190	212	93	外国投资	外国投资	NOUN
cjal-9190	212	94	者对上市公司战略投资管理办法	者对上市公司战略投资管理办法	PROPN
cjal-9190	212	95	)	)	PUNCT
cjal-9190	213	1	[	[	X
cjal-9190	213	2	administrative	administrative	ADJ
cjal-9190	213	3	measures	measure	NOUN
cjal-9190	213	4	for	for	ADP
cjal-9190	213	5	foreign	foreign	ADJ
cjal-9190	213	6	investors	investor	NOUN
cjal-9190	213	7	'	'	PART
cjal-9190	213	8	strategic	strategic	ADJ
cjal-9190	213	9	investments	investment	NOUN
cjal-9190	213	10	in	in	ADP
cjal-9190	213	11	listed	list	VERB
cjal-9190	213	12	companies	company	NOUN
cjal-9190	213	13	]	]	PUNCT
cjal-9190	213	14	,	,	PUNCT
cjal-9190	213	15	promulgated	promulgate	VERB
cjal-9190	213	16	by	by	ADP
cjal-9190	213	17	the	the	DET
cjal-9190	213	18	ministry	ministry	PROPN
cjal-9190	213	19	of	of	ADP
cjal-9190	213	20	commerce	commerce	PROPN
cjal-9190	213	21	,	,	PUNCT
cjal-9190	213	22	the	the	DET
cjal-9190	213	23	csrc	csrc	NOUN
cjal-9190	213	24	,	,	PUNCT
cjal-9190	213	25	the	the	DET
cjal-9190	213	26	state	state	NOUN
cjal-9190	213	27	administration	administration	NOUN
cjal-9190	213	28	of	of	ADP
cjal-9190	213	29	taxation	taxation	NOUN
cjal-9190	213	30	,	,	PUNCT
cjal-9190	213	31	the	the	DET
cjal-9190	213	32	state	state	NOUN
cjal-9190	213	33	administration	administration	NOUN
cjal-9190	213	34	for	for	ADP
cjal-9190	213	35	industry	industry	NOUN
cjal-9190	213	36	and	and	CCONJ
cjal-9190	213	37	commerce	commerce	NOUN
cjal-9190	213	38	,	,	PUNCT
cjal-9190	213	39	and	and	CCONJ
cjal-9190	213	40	the	the	DET
cjal-9190	213	41	safe	safe	ADJ
cjal-9190	213	42	on	on	ADP
cjal-9190	213	43	dec	dec	PROPN
cjal-9190	213	44	.	.	PROPN
cjal-9190	213	45	31	31	NUM
cjal-9190	213	46	,	,	PUNCT
cjal-9190	213	47	2005	2005	NUM
cjal-9190	213	48	.	.	PUNCT
cjal-9190	214	1	51	51	NUM
cjal-9190	214	2	“	"	PUNCT
cjal-9190	214	3	mainland	mainland	NOUN
cjal-9190	214	4	-	-	PUNCT
cjal-9190	214	5	hong	hong	PROPN
cjal-9190	214	6	kong	kong	PROPN
cjal-9190	214	7	stock	stock	PROPN
cjal-9190	214	8	connect	connect	PROPN
cjal-9190	214	9	investors	investor	NOUN
cjal-9190	214	10	”	"	PUNCT
cjal-9190	214	11	refers	refer	VERB
cjal-9190	214	12	to	to	ADP
cjal-9190	214	13	individual	individual	ADJ
cjal-9190	214	14	investors	investor	NOUN
cjal-9190	214	15	and	and	CCONJ
cjal-9190	214	16	institutional	institutional	ADJ
cjal-9190	214	17	investors	investor	NOUN
cjal-9190	214	18	who	who	PRON
cjal-9190	214	19	trade	trade	VERB
cjal-9190	214	20	shares	share	NOUN
cjal-9190	214	21	in	in	ADP
cjal-9190	214	22	sse	sse	NOUN
cjal-9190	214	23	and	and	CCONJ
cjal-9190	214	24	szse	szse	NOUN
cjal-9190	214	25	with	with	ADP
cjal-9190	214	26	hong	hong	PROPN
cjal-9190	214	27	kong	kong	PROPN
cjal-9190	214	28	securities	securities	PROPN
cjal-9190	214	29	clearing	clearing	PROPN
cjal-9190	214	30	co.	co.	PROPN
cjal-9190	214	31	,	,	PUNCT
cjal-9190	214	32	ltd	ltd	PROPN
cjal-9190	214	33	.	.	PROPN
cjal-9190	215	1	as	as	ADP
cjal-9190	215	2	the	the	DET
cjal-9190	215	3	nominee	nominee	NOUN
cjal-9190	215	4	shareholder	shareholder	NOUN
cjal-9190	215	5	.	.	PUNCT
cjal-9190	216	1	see	see	VERB
cjal-9190	216	2	shanghai	shanghai	PROPN
cjal-9190	216	3	zhengquan	zhengquan	PROPN
cjal-9190	216	4	jiaoyisuo	jiaoyisuo	PROPN
cjal-9190	216	5	hugangtong	hugangtong	PROPN
cjal-9190	216	6	shidian	shidian	PROPN
cjal-9190	216	7	banfa	banfa	PROPN
cjal-9190	216	8	(	(	PUNCT
cjal-9190	216	9	上海证券交易所沪港通试点办法	上海证券交易所沪港通试点办法	PROPN
cjal-9190	216	10	)	)	PUNCT
cjal-9190	217	1	[	[	X
cjal-9190	217	2	sse	sse	ADJ
cjal-9190	217	3	-	-	PUNCT
cjal-9190	217	4	hong	hong	PROPN
cjal-9190	217	5	kong	kong	PROPN
cjal-9190	217	6	stock	stock	PROPN
cjal-9190	217	7	connect	connect	PROPN
cjal-9190	217	8	pilot	pilot	NOUN
cjal-9190	217	9	scheme	scheme	NOUN
cjal-9190	217	10	]	]	PUNCT
cjal-9190	217	11	(	(	PUNCT
cjal-9190	217	12	promulgated	promulgate	VERB
cjal-9190	217	13	by	by	ADP
cjal-9190	217	14	shanghai	shanghai	PROPN
cjal-9190	217	15	stock	stock	PROPN
cjal-9190	217	16	exchange	exchange	PROPN
cjal-9190	217	17	,	,	PUNCT
cjal-9190	217	18	sept	sept	PROPN
cjal-9190	217	19	.	.	PROPN
cjal-9190	217	20	26	26	NUM
cjal-9190	217	21	,	,	PUNCT
cjal-9190	217	22	2014	2014	NUM
cjal-9190	217	23	,	,	PUNCT
cjal-9190	217	24	effective	effective	ADJ
cjal-9190	217	25	sept	sept	PROPN
cjal-9190	217	26	.	.	PROPN
cjal-9190	217	27	26	26	NUM
cjal-9190	217	28	,	,	PUNCT
cjal-9190	217	29	2014	2014	NUM
cjal-9190	217	30	,	,	PUNCT
cjal-9190	217	31	available	available	ADJ
cjal-9190	217	32	at	at	ADP
cjal-9190	217	33	http://www.sse.com.cn/aboutus/mediacenter/hotandd/c/c_20150912_3988783.shtm	http://www.sse.com.cn/aboutus/mediacenter/hotandd/c/c_20150912_3988783.shtm	PROPN
cjal-9190	217	34	l	l	NOUN
cjal-9190	217	35	;	;	PUNCT
cjal-9190	217	36	neidi	neidi	PROPN
cjal-9190	217	37	yu	yu	PROPN
cjal-9190	217	38	xianggang	xianggang	PROPN
cjal-9190	217	39	gupiao	gupiao	PROPN
cjal-9190	217	40	shichang	shichang	PROPN
cjal-9190	217	41	jiaoyi	jiaoyi	PROPN
cjal-9190	217	42	hulian	hulian	PROPN
cjal-9190	217	43	hutong	hutong	PROPN
cjal-9190	217	44	jizhi	jizhi	PROPN
cjal-9190	217	45	ruogan	ruogan	PROPN
cjal-9190	217	46	guiding	guiding	NOUN
cjal-9190	217	47	(	(	PUNCT
cjal-9190	217	48	内地与香港股票市场交易互联互通机制若干规定	内地与香港股票市场交易互联互通机制若干规定	NOUN
cjal-9190	217	49	)	)	PUNCT
cjal-9190	218	1	[	[	X
cjal-9190	218	2	several	several	ADJ
cjal-9190	218	3	provisions	provision	NOUN
cjal-9190	218	4	on	on	ADP
cjal-9190	218	5	the	the	DET
cjal-9190	218	6	inter	inter	ADJ
cjal-9190	218	7	-	-	ADJ
cjal-9190	218	8	connected	connected	ADJ
cjal-9190	218	9	mechanism	mechanism	NOUN
cjal-9190	218	10	for	for	ADP
cjal-9190	218	11	trading	trading	NOUN
cjal-9190	218	12	on	on	ADP
cjal-9190	218	13	stock	stock	NOUN
cjal-9190	218	14	markets	market	NOUN
cjal-9190	218	15	in	in	ADP
cjal-9190	218	16	the	the	DET
cjal-9190	218	17	mainland	mainland	NOUN
cjal-9190	218	18	and	and	CCONJ
cjal-9190	218	19	hong	hong	PROPN
cjal-9190	218	20	kong	kong	PROPN
cjal-9190	218	21	]	]	PUNCT
cjal-9190	218	22	(	(	PUNCT
cjal-9190	218	23	promulgated	promulgate	VERB
cjal-9190	218	24	by	by	ADP
cjal-9190	218	25	china	china	PROPN
cjal-9190	218	26	securities	securities	PROPN
cjal-9190	218	27	regulatory	regulatory	PROPN
cjal-9190	218	28	commission	commission	PROPN
cjal-9190	218	29	,	,	PUNCT
cjal-9190	218	30	sept	sept	PROPN
cjal-9190	218	31	.	.	PROPN
cjal-9190	218	32	30	30	NUM
cjal-9190	218	33	,	,	PUNCT
cjal-9190	218	34	2016	2016	NUM
cjal-9190	218	35	,	,	PUNCT
cjal-9190	218	36	effective	effective	ADJ
cjal-9190	218	37	sept	sept	PROPN
cjal-9190	218	38	.	.	PROPN
cjal-9190	218	39	30	30	NUM
cjal-9190	218	40	,	,	PUNCT
cjal-9190	218	41	2016	2016	NUM
cjal-9190	218	42	)	)	PUNCT
cjal-9190	218	43	,	,	PUNCT
cjal-9190	218	44	available	available	ADJ
cjal-9190	218	45	at	at	ADP
cjal-9190	218	46	http://app.westlawchina.com/maf/china/app/document?src=nr&docguid=i00000000	http://app.westlawchina.com/maf/china/app/document?src=nr&docguid=i00000000	PROPN
cjal-9190	218	47	00000157a366d4a56c57f541&lang	00000157a366d4a56c57f541&lang	X
cjal-9190	218	48	=	=	NOUN
cjal-9190	218	49	bi	bi	PROPN
cjal-9190	218	50	;	;	PUNCT
cjal-9190	218	51	neidi	neidi	PROPN
cjal-9190	218	52	yu	yu	PROPN
cjal-9190	218	53	xianggang	xianggang	PROPN
cjal-9190	218	54	gupiao	gupiao	PROPN
cjal-9190	218	55	shichang	shichang	PROPN
cjal-9190	218	56	jiaoyi	jiaoyi	PROPN
cjal-9190	218	57	hulian	hulian	PROPN
cjal-9190	218	58	hutong	hutong	PROPN
cjal-9190	218	59	jizhi	jizhi	PROPN
cjal-9190	218	60	dengji	dengji	PROPN
cjal-9190	218	61	cunguan	cunguan	PROPN
cjal-9190	218	62	jiesuan	jiesuan	PROPN
cjal-9190	218	63	yewu	yewu	PROPN
cjal-9190	218	64	shishi	shishi	X
cjal-9190	218	65	xize	xize	NOUN
cjal-9190	218	66	(	(	PUNCT
cjal-9190	218	67	内地与香港	内地与香港	NOUN
cjal-9190	218	68	股票市场交易互联互通机制登记、存管、结算业务实施细则	股票市场交易互联互通机制登记、存管、结算业务实施细则	PUNCT
cjal-9190	218	69	)	)	PUNCT
cjal-9190	219	1	[	[	X
cjal-9190	219	2	detailed	detailed	ADJ
cjal-9190	219	3	implementing	implement	VERB
cjal-9190	219	4	rules	rule	NOUN
cjal-9190	219	5	for	for	ADP
cjal-9190	219	6	registration	registration	NOUN
cjal-9190	219	7	,	,	PUNCT
cjal-9190	219	8	depository	depository	NOUN
cjal-9190	219	9	,	,	PUNCT
cjal-9190	219	10	and	and	CCONJ
cjal-9190	219	11	clearing	clear	VERB
cjal-9190	219	12	services	service	NOUN
cjal-9190	219	13	under	under	ADP
cjal-9190	219	14	the	the	DET
cjal-9190	219	15	interconnection	interconnection	NOUN
cjal-9190	219	16	mechanism	mechanism	NOUN
cjal-9190	219	17	for	for	ADP
cjal-9190	219	18	transactions	transaction	NOUN
cjal-9190	219	19	in	in	ADP
cjal-9190	219	20	the	the	DET
cjal-9190	219	21	mainland	mainland	NOUN
cjal-9190	219	22	and	and	CCONJ
cjal-9190	219	23	hong	hong	PROPN
cjal-9190	219	24	kong	kong	PROPN
cjal-9190	219	25	stock	stock	NOUN
cjal-9190	219	26	markets	market	NOUN
cjal-9190	219	27	]	]	PUNCT
cjal-9190	219	28	(	(	PUNCT
cjal-9190	219	29	promulgated	promulgate	VERB
cjal-9190	219	30	by	by	ADP
cjal-9190	219	31	china	china	PROPN
cjal-9190	219	32	securities	securities	PROPN
cjal-9190	219	33	depository	depository	PROPN
cjal-9190	219	34	and	and	CCONJ
cjal-9190	219	35	clearing	clearing	PROPN
cjal-9190	219	36	co.	co.	PROPN
cjal-9190	219	37	ltd	ltd	PROPN
cjal-9190	219	38	.	.	PROPN
cjal-9190	219	39	,	,	PUNCT
cjal-9190	219	40	sept	sept	PROPN
cjal-9190	219	41	.	.	PROPN
cjal-9190	219	42	30	30	NUM
cjal-9190	219	43	,	,	PUNCT
cjal-9190	219	44	2016	2016	NUM
cjal-9190	219	45	,	,	PUNCT
cjal-9190	219	46	effective	effective	ADJ
cjal-9190	219	47	sept	sept	PROPN
cjal-9190	219	48	.	.	PROPN
cjal-9190	219	49	30	30	NUM
cjal-9190	219	50	,	,	PUNCT
cjal-9190	219	51	2016	2016	NUM
cjal-9190	219	52	)	)	PUNCT
cjal-9190	219	53	,	,	PUNCT
cjal-9190	219	54	art	art	NOUN
cjal-9190	219	55	6	6	NUM
cjal-9190	219	56	,	,	PUNCT
cjal-9190	219	57	available	available	ADJ
cjal-9190	219	58	at	at	ADP
cjal-9190	219	59	http://www.chinaclear.cn/zdjs/editor_file/20160930195326513.pdf	http://www.chinaclear.cn/zdjs/editor_file/20160930195326513.pdf	PROPN
cjal-9190	219	60	.	.	PUNCT
cjal-9190	220	1	52	52	NUM
cjal-9190	220	2	guanyu	guanyu	NOUN
cjal-9190	220	3	shishi	shishi	PROPN
cjal-9190	220	4	hege	hege	PROPN
cjal-9190	220	5	jingwai	jingwai	NOUN
cjal-9190	220	6	jigoou	jigoou	PROPN
cjal-9190	220	7	touzizhe	touzizhe	PROPN
cjal-9190	220	8	jingnei	jingnei	PROPN
cjal-9190	220	9	zhengquan	zhengquan	PROPN
cjal-9190	221	1	touzi	touzi	PROPN
cjal-9190	221	2	guanli	guanli	PROPN
cjal-9190	221	3	banfa	banfa	PROPN
cjal-9190	221	4	youguan	youguan	PROPN
cjal-9190	221	5	wenti	wenti	PROPN
cjal-9190	221	6	de	de	X
cjal-9190	221	7	tongzhi	tongzhi	PROPN
cjal-9190	221	8	(	(	PUNCT
cjal-9190	221	9	关于实施《合格境外机构投资者境内证券投	关于实施《合格境外机构投资者境内证券投	NOUN
cjal-9190	221	10	资	资	X
cjal-9190	221	11	管	管	NOUN
cjal-9190	221	12	理	理	X
cjal-9190	221	13	办	办	NOUN
cjal-9190	221	14	法	法	ADP
cjal-9190	221	15	》	》	NOUN
cjal-9190	221	16	有	有	NOUN
cjal-9190	221	17	关	关	VERB
cjal-9190	221	18	问	问	X
cjal-9190	221	19	题	题	X
cjal-9190	221	20	的	的	X
cjal-9190	221	21	规	规	NOUN
cjal-9190	221	22	定	定	NOUN
cjal-9190	221	23	)	)	PUNCT
cjal-9190	222	1	[	[	X
cjal-9190	222	2	provisions	provision	NOUN
cjal-9190	222	3	on	on	ADP
cjal-9190	222	4	issues	issue	NOUN
cjal-9190	222	5	concerning	concern	VERB
cjal-9190	222	6	the	the	DET
cjal-9190	222	7	implementation	implementation	NOUN
cjal-9190	222	8	of	of	ADP
cjal-9190	222	9	the	the	DET
cjal-9190	222	10	administrative	administrative	ADJ
cjal-9190	222	11	measures	measure	NOUN
cjal-9190	222	12	for	for	ADP
cjal-9190	222	13	securities	security	NOUN
cjal-9190	222	14	investment	investment	NOUN
cjal-9190	222	15	made	make	VERB
cjal-9190	222	16	in	in	ADP
cjal-9190	222	17	china	china	PROPN
cjal-9190	222	18	by	by	ADP
cjal-9190	222	19	qualified	qualified	ADJ
cjal-9190	222	20	foreign	foreign	ADJ
cjal-9190	222	21	institutional	institutional	ADJ
cjal-9190	222	22	investors	investor	NOUN
cjal-9190	222	23	]	]	PUNCT
cjal-9190	222	24	(	(	PUNCT
cjal-9190	222	25	promulgated	promulgate	VERB
cjal-9190	222	26	by	by	ADP
cjal-9190	222	27	china	china	PROPN
cjal-9190	222	28	securities	securities	PROPN
cjal-9190	222	29	regulatory	regulatory	PROPN
cjal-9190	222	30	commission	commission	PROPN
cjal-9190	222	31	,	,	PUNCT
cjal-9190	222	32	july	july	PROPN
cjal-9190	222	33	27	27	NUM
cjal-9190	222	34	,	,	PUNCT
cjal-9190	222	35	2012	2012	NUM
cjal-9190	222	36	,	,	PUNCT
cjal-9190	222	37	effective	effective	ADJ
cjal-9190	222	38	,	,	PUNCT
cjal-9190	222	39	july	july	PROPN
cjal-9190	222	40	27	27	NUM
cjal-9190	222	41	,	,	PUNCT
cjal-9190	222	42	2012	2012	NUM
cjal-9190	222	43	)	)	PUNCT
cjal-9190	222	44	,	,	PUNCT
cjal-9190	222	45	art	art	NOUN
cjal-9190	222	46	9(2	9(2	NUM
cjal-9190	222	47	)	)	PUNCT
cjal-9190	222	48	,	,	PUNCT
cjal-9190	222	49	available	available	ADJ
cjal-9190	222	50	at	at	ADP
cjal-9190	222	51	http://www.csrc.gov.cn/pub/csrc_en/openingup/relatedpolices/qfii/201211/t201	http://www.csrc.gov.cn/pub/csrc_en/openingup/relatedpolices/qfii/201211/t201	ADJ
cjal-9190	222	52	21105_216513.html	21105_216513.html	NUM
cjal-9190	222	53	.	.	PROPN
cjal-9190	222	54	53	53	NUM
cjal-9190	222	55	hege	hege	NOUN
cjal-9190	222	56	jingwai	jingwai	NOUN
cjal-9190	222	57	jigou	jigou	PROPN
cjal-9190	222	58	touozizhe	touozizhe	PROPN
cjal-9190	222	59	jingnei	jingnei	PROPN
cjal-9190	222	60	zhengquan	zhengquan	PROPN
cjal-9190	222	61	touzi	touzi	PROPN
cjal-9190	222	62	waihui	waihui	PROPN
cjal-9190	222	63	guanli	guanli	PROPN
cjal-9190	222	64	guiding	guiding	NOUN
cjal-9190	222	65	(	(	PUNCT
cjal-9190	222	66	合格境外机构投资者境内证券投资外汇管理规定	合格境外机构投资者境内证券投资外汇管理规定	ADJ
cjal-9190	222	67	)	)	PUNCT
cjal-9190	223	1	[	[	X
cjal-9190	223	2	regulations	regulation	NOUN
cjal-9190	223	3	on	on	ADP
cjal-9190	223	4	foreign	foreign	ADJ
cjal-9190	223	5	exchange	exchange	NOUN
cjal-9190	223	6	administration	administration	NOUN
cjal-9190	223	7	for	for	ADP
cjal-9190	223	8	domestic	domestic	ADJ
cjal-9190	223	9	securities	security	NOUN
cjal-9190	223	10	investments	investment	NOUN
cjal-9190	223	11	by	by	ADP
cjal-9190	223	12	qualified	qualified	ADJ
cjal-9190	223	13	foreign	foreign	ADJ
cjal-9190	223	14	institutional	institutional	ADJ
cjal-9190	223	15	investors	investor	NOUN
cjal-9190	223	16	]	]	PUNCT
cjal-9190	223	17	(	(	PUNCT
cjal-9190	223	18	promulgated	promulgate	VERB
cjal-9190	223	19	by	by	ADP
cjal-9190	223	20	state	state	NOUN
cjal-9190	223	21	administration	administration	NOUN
cjal-9190	223	22	of	of	ADP
cjal-9190	223	23	foreign	foreign	ADJ
cjal-9190	223	24	exchange	exchange	NOUN
cjal-9190	223	25	,	,	PUNCT
cjal-9190	223	26	june	june	PROPN
cjal-9190	223	27	12	12	NUM
cjal-9190	223	28	,	,	PUNCT
cjal-9190	223	29	2018	2018	NUM
cjal-9190	223	30	,	,	PUNCT
cjal-9190	223	31	effective	effective	ADJ
cjal-9190	223	32	june	june	PROPN
cjal-9190	223	33	10	10	NUM
cjal-9190	223	34	,	,	PUNCT
cjal-9190	223	35	2018	2018	NUM
cjal-9190	223	36	)	)	PUNCT
cjal-9190	223	37	,	,	PUNCT
cjal-9190	223	38	available	available	ADJ
cjal-9190	223	39	at	at	ADP
cjal-9190	223	40	http://www.safe.gov.cn/en/2018/0612/1453.html	http://www.safe.gov.cn/en/2018/0612/1453.html	NOUN
cjal-9190	223	41	.	.	PUNCT
cjal-9190	224	1	2022	2022	NUM
cjal-9190	224	2	]	]	PUNCT
cjal-9190	224	3	columbia	columbia	PROPN
cjal-9190	224	4	journal	journal	PROPN
cjal-9190	224	5	of	of	ADP
cjal-9190	224	6	asian	asian	ADJ
cjal-9190	224	7	law	law	NOUN
cjal-9190	224	8	93	93	NUM
cjal-9190	224	9	period	period	NOUN
cjal-9190	224	10	and	and	CCONJ
cjal-9190	224	11	the	the	DET
cjal-9190	224	12	csrc	csrc	NOUN
cjal-9190	224	13	announced	announce	VERB
cjal-9190	224	14	that	that	SCONJ
cjal-9190	224	15	it	it	PRON
cjal-9190	224	16	would	would	AUX
cjal-9190	224	17	further	far	ADV
cjal-9190	224	18	relax	relax	VERB
cjal-9190	224	19	the	the	DET
cjal-9190	224	20	qualification	qualification	NOUN
cjal-9190	224	21	requirements	requirement	NOUN
cjal-9190	224	22	on	on	ADP
cjal-9190	224	23	foreign	foreign	ADJ
cjal-9190	224	24	investors	investor	NOUN
cjal-9190	224	25	.	.	PUNCT
cjal-9190	225	1	in	in	ADP
cjal-9190	225	2	2019	2019	NUM
cjal-9190	225	3	,	,	PUNCT
cjal-9190	225	4	safe	safe	ADJ
cjal-9190	225	5	announced	announce	VERB
cjal-9190	225	6	its	its	PRON
cjal-9190	225	7	decision	decision	NOUN
cjal-9190	225	8	to	to	PART
cjal-9190	225	9	abolish	abolish	VERB
cjal-9190	225	10	the	the	DET
cjal-9190	225	11	investment	investment	NOUN
cjal-9190	225	12	quota	quota	NOUN
cjal-9190	225	13	system	system	NOUN
cjal-9190	225	14	under	under	ADP
cjal-9190	225	15	the	the	DET
cjal-9190	225	16	qfii	qfii	ADJ
cjal-9190	225	17	scheme	scheme	NOUN
cjal-9190	225	18	and	and	CCONJ
cjal-9190	225	19	,	,	PUNCT
cjal-9190	225	20	in	in	ADP
cjal-9190	225	21	2020	2020	NUM
cjal-9190	225	22	,	,	PUNCT
cjal-9190	225	23	safe	safe	ADJ
cjal-9190	225	24	and	and	CCONJ
cjal-9190	225	25	people	people	NOUN
cjal-9190	225	26	’s	’s	PART
cjal-9190	225	27	bank	bank	PROPN
cjal-9190	225	28	of	of	ADP
cjal-9190	225	29	china	china	PROPN
cjal-9190	225	30	(	(	PUNCT
cjal-9190	225	31	pboc	pboc	NOUN
cjal-9190	225	32	)	)	PUNCT
cjal-9190	225	33	issued	issue	VERB
cjal-9190	225	34	a	a	DET
cjal-9190	225	35	new	new	ADJ
cjal-9190	225	36	regulation	regulation	NOUN
cjal-9190	225	37	to	to	PART
cjal-9190	225	38	simplify	simplify	VERB
cjal-9190	225	39	the	the	DET
cjal-9190	225	40	administrative	administrative	ADJ
cjal-9190	225	41	requirements	requirement	NOUN
cjal-9190	225	42	on	on	ADP
cjal-9190	225	43	domestic	domestic	ADJ
cjal-9190	225	44	investments	investment	NOUN
cjal-9190	225	45	by	by	ADP
cjal-9190	225	46	foreign	foreign	ADJ
cjal-9190	225	47	institutional	institutional	ADJ
cjal-9190	225	48	investors	investor	NOUN
cjal-9190	225	49	.	.	PUNCT
cjal-9190	226	1	54	54	NUM
cjal-9190	226	2	these	these	DET
cjal-9190	226	3	policies	policy	NOUN
cjal-9190	226	4	should	should	AUX
cjal-9190	226	5	make	make	VERB
cjal-9190	226	6	it	it	PRON
cjal-9190	226	7	more	more	ADV
cjal-9190	226	8	convenient	convenient	ADJ
cjal-9190	226	9	for	for	SCONJ
cjal-9190	226	10	foreign	foreign	ADJ
cjal-9190	226	11	investors	investor	NOUN
cjal-9190	226	12	to	to	PART
cjal-9190	226	13	invest	invest	VERB
cjal-9190	226	14	in	in	ADP
cjal-9190	226	15	a	a	DET
cjal-9190	226	16	-	-	PUNCT
cjal-9190	226	17	shares	share	NOUN
cjal-9190	226	18	in	in	ADP
cjal-9190	226	19	the	the	DET
cjal-9190	226	20	future	future	NOUN
cjal-9190	226	21	—	—	PUNCT
cjal-9190	226	22	but	but	CCONJ
cjal-9190	226	23	the	the	DET
cjal-9190	226	24	30	30	NUM
cjal-9190	226	25	%	%	NOUN
cjal-9190	226	26	cap	cap	NOUN
cjal-9190	226	27	on	on	ADP
cjal-9190	226	28	foreign	foreign	ADJ
cjal-9190	226	29	investor	investor	NOUN
cjal-9190	226	30	ownership	ownership	NOUN
cjal-9190	226	31	in	in	ADP
cjal-9190	226	32	a	a	DET
cjal-9190	226	33	single	single	ADJ
cjal-9190	226	34	a	a	DET
cjal-9190	226	35	-	-	PUNCT
cjal-9190	226	36	shares	share	NOUN
cjal-9190	226	37	company	company	NOUN
cjal-9190	226	38	will	will	AUX
cjal-9190	226	39	still	still	ADV
cjal-9190	226	40	limit	limit	VERB
cjal-9190	226	41	their	their	PRON
cjal-9190	226	42	ability	ability	NOUN
cjal-9190	226	43	to	to	PART
cjal-9190	226	44	influence	influence	VERB
cjal-9190	226	45	corporate	corporate	ADJ
cjal-9190	226	46	governance.55	governance.55	NOUN
cjal-9190	226	47	although	although	SCONJ
cjal-9190	226	48	the	the	DET
cjal-9190	226	49	average	average	ADJ
cjal-9190	226	50	percentage	percentage	NOUN
cjal-9190	226	51	of	of	ADP
cjal-9190	226	52	ownership	ownership	NOUN
cjal-9190	226	53	by	by	ADP
cjal-9190	226	54	foreign	foreign	ADJ
cjal-9190	226	55	institutional	institutional	ADJ
cjal-9190	226	56	investors	investor	NOUN
cjal-9190	226	57	in	in	ADP
cjal-9190	226	58	the	the	DET
cjal-9190	226	59	a	a	DET
cjal-9190	226	60	-	-	PUNCT
cjal-9190	226	61	shares	share	NOUN
cjal-9190	226	62	market	market	NOUN
cjal-9190	226	63	has	have	AUX
cjal-9190	226	64	remained	remain	VERB
cjal-9190	226	65	small	small	ADJ
cjal-9190	226	66	(	(	PUNCT
cjal-9190	226	67	below	below	ADP
cjal-9190	226	68	3	3	NUM
cjal-9190	226	69	%	%	NOUN
cjal-9190	226	70	)	)	PUNCT
cjal-9190	226	71	,	,	PUNCT
cjal-9190	226	72	it	it	PRON
cjal-9190	226	73	is	be	AUX
cjal-9190	226	74	noteworthy	noteworthy	ADJ
cjal-9190	226	75	that	that	SCONJ
cjal-9190	226	76	recently	recently	ADV
cjal-9190	226	77	they	they	PRON
cjal-9190	226	78	have	have	AUX
cjal-9190	226	79	collectively	collectively	ADV
cjal-9190	226	80	acquired	acquire	VERB
cjal-9190	226	81	significant	significant	ADJ
cjal-9190	226	82	minority	minority	NOUN
cjal-9190	226	83	holdings	holding	NOUN
cjal-9190	226	84	in	in	ADP
cjal-9190	226	85	some	some	DET
cjal-9190	226	86	high	high	ADJ
cjal-9190	226	87	profile	profile	NOUN
cjal-9190	226	88	listed	list	VERB
cjal-9190	226	89	companies.56	companies.56	PROPN
cjal-9190	226	90	for	for	ADP
cjal-9190	226	91	example	example	NOUN
cjal-9190	226	92	,	,	PUNCT
cjal-9190	226	93	as	as	ADP
cjal-9190	226	94	of	of	ADP
cjal-9190	226	95	30	30	NUM
cjal-9190	226	96	april	april	PROPN
cjal-9190	226	97	2020	2020	NUM
cjal-9190	226	98	,	,	PUNCT
cjal-9190	226	99	qfii	qfii	NOUN
cjal-9190	226	100	,	,	PUNCT
cjal-9190	226	101	rqfii	rqfii	NOUN
cjal-9190	226	102	,	,	PUNCT
cjal-9190	226	103	and	and	CCONJ
cjal-9190	226	104	shenzhen	shenzhen	PROPN
cjal-9190	226	105	connect	connect	VERB
cjal-9190	226	106	investors	investor	NOUN
cjal-9190	226	107	held	hold	VERB
cjal-9190	226	108	1.872	1.872	NUM
cjal-9190	226	109	billion	billion	NUM
cjal-9190	226	110	shares	share	NOUN
cjal-9190	226	111	of	of	ADP
cjal-9190	226	112	midea	midea	NOUN
cjal-9190	226	113	group	group	NOUN
cjal-9190	226	114	,	,	PUNCT
cjal-9190	226	115	accounting	account	VERB
cjal-9190	226	116	for	for	ADP
cjal-9190	226	117	26.74	26.74	NUM
cjal-9190	226	118	%	%	NOUN
cjal-9190	226	119	of	of	ADP
cjal-9190	226	120	its	its	PRON
cjal-9190	226	121	shares.57	shares.57	PROPN
cjal-9190	226	122	with	with	ADP
cjal-9190	226	123	chinese	chinese	ADJ
cjal-9190	226	124	listed	list	VERB
cjal-9190	226	125	companies	company	NOUN
cjal-9190	226	126	’	'	PUNCT
cjal-9190	226	127	54	54	NUM
cjal-9190	226	128	see	see	VERB
cjal-9190	226	129	guojia	guojia	NOUN
cjal-9190	226	130	waihui	waihui	PROPN
cjal-9190	226	131	guanliju	guanliju	PROPN
cjal-9190	226	132	quxiao	quxiao	PROPN
cjal-9190	226	133	hege	hege	PROPN
cjal-9190	226	134	jingwai	jingwai	NOUN
cjal-9190	226	135	touzizhe	touzizhe	VERB
cjal-9190	227	1	touzi	touzi	PROPN
cjal-9190	227	2	erdu	erdu	PROPN
cjal-9190	227	3	xianzhi	xianzhi	PROPN
cjal-9190	227	4	kuoda	kuoda	PROPN
cjal-9190	227	5	jingrong	jingrong	PROPN
cjal-9190	227	6	shichang	shichang	PROPN
cjal-9190	227	7	duiwai	duiwai	PROPN
cjal-9190	227	8	kaifang	kaifang	PROPN
cjal-9190	227	9	(	(	PUNCT
cjal-9190	227	10	国家外汇管理局：取消合格境外投资	国家外汇管理局：取消合格境外投资	NOUN
cjal-9190	227	11	者（qfii	者（qfii	PROPN
cjal-9190	227	12	/	/	SYM
cjal-9190	227	13	rqfii）投资额度限制	rqfii）投资额度限制	PROPN
cjal-9190	227	14	扩大金融市场对外开放	扩大金融市场对外开放	NOUN
cjal-9190	227	15	)	)	PUNCT
cjal-9190	228	1	[	[	X
cjal-9190	228	2	state	state	NOUN
cjal-9190	228	3	administration	administration	NOUN
cjal-9190	228	4	of	of	ADP
cjal-9190	228	5	foreign	foreign	ADJ
cjal-9190	228	6	exchange	exchange	NOUN
cjal-9190	228	7	(	(	PUNCT
cjal-9190	228	8	safe	safe	ADJ
cjal-9190	228	9	):	):	PUNCT
cjal-9190	228	10	cancellation	cancellation	NOUN
cjal-9190	228	11	of	of	ADP
cjal-9190	228	12	investment	investment	NOUN
cjal-9190	228	13	quota	quota	NOUN
cjal-9190	228	14	restrictions	restriction	NOUN
cjal-9190	228	15	for	for	ADP
cjal-9190	228	16	qualified	qualified	ADJ
cjal-9190	228	17	foreign	foreign	ADJ
cjal-9190	228	18	investors	investor	NOUN
cjal-9190	228	19	(	(	PUNCT
cjal-9190	228	20	qfii	qfii	ADJ
cjal-9190	228	21	/	/	SYM
cjal-9190	228	22	rqfii	rqfii	NOUN
cjal-9190	228	23	)	)	PUNCT
cjal-9190	228	24	and	and	CCONJ
cjal-9190	228	25	expand	expand	VERB
cjal-9190	228	26	the	the	DET
cjal-9190	228	27	financial	financial	ADJ
cjal-9190	228	28	market	market	NOUN
cjal-9190	228	29	opening	opening	NOUN
cjal-9190	228	30	]	]	PUNCT
cjal-9190	228	31	(	(	PUNCT
cjal-9190	228	32	promulgated	promulgate	VERB
cjal-9190	228	33	by	by	ADP
cjal-9190	228	34	state	state	NOUN
cjal-9190	228	35	administration	administration	NOUN
cjal-9190	228	36	of	of	ADP
cjal-9190	228	37	foreign	foreign	ADJ
cjal-9190	228	38	exchange	exchange	NOUN
cjal-9190	228	39	,	,	PUNCT
cjal-9190	228	40	sept	sept	PROPN
cjal-9190	228	41	.	.	PROPN
cjal-9190	228	42	10	10	NUM
cjal-9190	228	43	,	,	PUNCT
cjal-9190	228	44	2019	2019	NUM
cjal-9190	228	45	,	,	PUNCT
cjal-9190	228	46	effective	effective	ADJ
cjal-9190	228	47	sept	sept	PROPN
cjal-9190	228	48	.	.	PROPN
cjal-9190	228	49	10	10	NUM
cjal-9190	228	50	,	,	PUNCT
cjal-9190	228	51	2019	2019	NUM
cjal-9190	228	52	)	)	PUNCT
cjal-9190	228	53	,	,	PUNCT
cjal-9190	228	54	available	available	ADJ
cjal-9190	228	55	at	at	ADP
cjal-9190	228	56	http://www.safe.gov.cn/safe/2019/0910/14040.html	http://www.safe.gov.cn/safe/2019/0910/14040.html	PROPN
cjal-9190	228	57	;	;	PUNCT
cjal-9190	228	58	jingwai	jingwai	NOUN
cjal-9190	228	59	jigou	jigou	PROPN
cjal-9190	228	60	touzizhe	touzizhe	PROPN
cjal-9190	228	61	jingnei	jingnei	VERB
cjal-9190	228	62	zhengquan	zhengquan	PROPN
cjal-9190	228	63	qihuo	qihuo	PROPN
cjal-9190	228	64	touzi	touzi	PROPN
cjal-9190	228	65	zijin	zijin	NOUN
cjal-9190	228	66	guuanli	guuanli	PROPN
cjal-9190	228	67	guiding	guiding	NOUN
cjal-9190	228	68	(	(	PUNCT
cjal-9190	228	69	境	境	X
cjal-9190	228	70	外	外	PROPN
cjal-9190	228	71	机	机	NOUN
cjal-9190	228	72	构	构	PRON
cjal-9190	228	73	投	投	NOUN
cjal-9190	228	74	资	资	NOUN
cjal-9190	228	75	者	者	X
cjal-9190	228	76	境	境	X
cjal-9190	228	77	内	内	X
cjal-9190	228	78	证	证	X
cjal-9190	228	79	券	券	X
cjal-9190	228	80	期	期	PRON
cjal-9190	228	81	货	货	NOUN
cjal-9190	228	82	投	投	ADP
cjal-9190	228	83	资	资	NUM
cjal-9190	228	84	资	资	X
cjal-9190	228	85	金	金	X
cjal-9190	228	86	管	管	NOUN
cjal-9190	228	87	理	理	X
cjal-9190	228	88	规	规	NOUN
cjal-9190	228	89	定	定	NOUN
cjal-9190	228	90	)	)	PUNCT
cjal-9190	229	1	[	[	X
cjal-9190	229	2	provisions	provision	NOUN
cjal-9190	229	3	on	on	ADP
cjal-9190	229	4	the	the	DET
cjal-9190	229	5	administration	administration	NOUN
cjal-9190	229	6	of	of	ADP
cjal-9190	229	7	domestic	domestic	ADJ
cjal-9190	229	8	securities	security	NOUN
cjal-9190	229	9	and	and	CCONJ
cjal-9190	229	10	futures	future	NOUN
cjal-9190	229	11	investment	investment	NOUN
cjal-9190	229	12	funds	fund	NOUN
cjal-9190	229	13	of	of	ADP
cjal-9190	229	14	foreign	foreign	ADJ
cjal-9190	229	15	institutional	institutional	ADJ
cjal-9190	229	16	investors	investor	NOUN
cjal-9190	229	17	]	]	PUNCT
cjal-9190	229	18	(	(	PUNCT
cjal-9190	229	19	promulgated	promulgate	VERB
cjal-9190	229	20	by	by	ADP
cjal-9190	229	21	foreign	foreign	ADJ
cjal-9190	229	22	exchange	exchange	PROPN
cjal-9190	229	23	bureau	bureau	NOUN
cjal-9190	229	24	,	,	PUNCT
cjal-9190	229	25	people	people	NOUN
cjal-9190	229	26	’s	’s	PART
cjal-9190	229	27	bank	bank	PROPN
cjal-9190	229	28	of	of	ADP
cjal-9190	229	29	china	china	PROPN
cjal-9190	229	30	,	,	PUNCT
cjal-9190	229	31	may	may	AUX
cjal-9190	229	32	7	7	NUM
cjal-9190	229	33	,	,	PUNCT
cjal-9190	229	34	2020	2020	NUM
cjal-9190	229	35	,	,	PUNCT
cjal-9190	229	36	effective	effective	ADJ
cjal-9190	229	37	may	may	PROPN
cjal-9190	229	38	7	7	NUM
cjal-9190	229	39	,	,	PUNCT
cjal-9190	229	40	2020	2020	NUM
cjal-9190	229	41	)	)	PUNCT
cjal-9190	229	42	,	,	PUNCT
cjal-9190	229	43	available	available	ADJ
cjal-9190	229	44	at	at	ADP
cjal-9190	229	45	http://www.gov.cn/zhengce/zhengceku/2020-05/07/content_5509577.html	http://www.gov.cn/zhengce/zhengceku/2020-05/07/content_5509577.html	PROPN
cjal-9190	229	46	.	.	PUNCT
cjal-9190	229	47	55	55	NUM
cjal-9190	229	48	see	see	VERB
cjal-9190	229	49	guanyu	guanyu	PROPN
cjal-9190	229	50	shishi	shishi	PROPN
cjal-9190	229	51	hege	hege	PROPN
cjal-9190	229	52	jingwai	jingwai	NOUN
cjal-9190	229	53	jigoou	jigoou	PROPN
cjal-9190	229	54	touzizhe	touzizhe	PROPN
cjal-9190	229	55	jingnei	jingnei	PROPN
cjal-9190	229	56	zhengquan	zhengquan	PROPN
cjal-9190	230	1	touzi	touzi	PROPN
cjal-9190	230	2	guanli	guanli	PROPN
cjal-9190	230	3	banfa	banfa	PROPN
cjal-9190	230	4	youguan	youguan	PROPN
cjal-9190	230	5	wenti	wenti	PROPN
cjal-9190	230	6	de	de	PROPN
cjal-9190	230	7	tongzhi	tongzhi	PROPN
cjal-9190	230	8	(	(	PUNCT
cjal-9190	230	9	关于实施《合格境外机构投资者境内	关于实施《合格境外机构投资者境内	ADP
cjal-9190	230	10	证券投资管理办法》有关问题的规定	证券投资管理办法》有关问题的规定	NOUN
cjal-9190	230	11	)	)	PUNCT
cjal-9190	231	1	[	[	X
cjal-9190	231	2	provisions	provision	NOUN
cjal-9190	231	3	on	on	ADP
cjal-9190	231	4	issues	issue	NOUN
cjal-9190	231	5	concerning	concern	VERB
cjal-9190	231	6	the	the	DET
cjal-9190	231	7	implementation	implementation	NOUN
cjal-9190	231	8	of	of	ADP
cjal-9190	231	9	the	the	DET
cjal-9190	231	10	measures	measure	NOUN
cjal-9190	231	11	for	for	ADP
cjal-9190	231	12	the	the	DET
cjal-9190	231	13	administration	administration	NOUN
cjal-9190	231	14	of	of	ADP
cjal-9190	231	15	domestic	domestic	ADJ
cjal-9190	231	16	securities	security	NOUN
cjal-9190	231	17	and	and	CCONJ
cjal-9190	231	18	futures	future	NOUN
cjal-9190	231	19	investments	investment	NOUN
cjal-9190	231	20	by	by	ADP
cjal-9190	231	21	qualified	qualified	ADJ
cjal-9190	231	22	foreign	foreign	ADJ
cjal-9190	231	23	institutional	institutional	ADJ
cjal-9190	231	24	investors	investor	NOUN
cjal-9190	231	25	and	and	CCONJ
cjal-9190	231	26	rmb	rmb	VERB
cjal-9190	231	27	qualified	qualified	ADJ
cjal-9190	231	28	foreign	foreign	ADJ
cjal-9190	231	29	institutional	institutional	ADJ
cjal-9190	231	30	investors	investor	NOUN
cjal-9190	231	31	]	]	PUNCT
cjal-9190	231	32	(	(	PUNCT
cjal-9190	231	33	promulgated	promulgate	VERB
cjal-9190	231	34	by	by	ADP
cjal-9190	231	35	china	china	PROPN
cjal-9190	231	36	securities	securities	PROPN
cjal-9190	231	37	regulatory	regulatory	PROPN
cjal-9190	231	38	commission	commission	PROPN
cjal-9190	231	39	,	,	PUNCT
cjal-9190	231	40	sept	sept	PROPN
cjal-9190	231	41	.	.	PROPN
cjal-9190	231	42	25	25	NUM
cjal-9190	231	43	,	,	PUNCT
cjal-9190	231	44	2020	2020	NUM
cjal-9190	231	45	,	,	PUNCT
cjal-9190	231	46	effective	effective	ADJ
cjal-9190	231	47	nov	nov	PROPN
cjal-9190	231	48	.	.	PROPN
cjal-9190	231	49	1	1	NUM
cjal-9190	231	50	,	,	PUNCT
cjal-9190	231	51	2020	2020	NUM
cjal-9190	231	52	)	)	PUNCT
cjal-9190	231	53	,	,	PUNCT
cjal-9190	231	54	article	article	NOUN
cjal-9190	231	55	7(2	7(2	NUM
cjal-9190	231	56	)	)	PUNCT
cjal-9190	231	57	,	,	PUNCT
cjal-9190	231	58	available	available	ADJ
cjal-9190	231	59	at	at	ADP
cjal-9190	231	60	http://www.csrc.gov.cn/pub/csrc_en/newsfacts/release/202009/t20200925_383652	http://www.csrc.gov.cn/pub/csrc_en/newsfacts/release/202009/t20200925_383652	PROPN
cjal-9190	231	61	.	.	PROPN
cjal-9190	231	62	html	html	PROPN
cjal-9190	231	63	.	.	PUNCT
cjal-9190	232	1	56	56	NUM
cjal-9190	232	2	china	china	PROPN
cjal-9190	232	3	securities	securities	PROPN
cjal-9190	232	4	regulatory	regulatory	PROPN
cjal-9190	232	5	commission	commission	PROPN
cjal-9190	232	6	:	:	PUNCT
cjal-9190	232	7	the	the	DET
cjal-9190	232	8	largest	large	ADJ
cjal-9190	232	9	shareholder	shareholder	NOUN
cjal-9190	232	10	of	of	ADP
cjal-9190	232	11	over	over	ADP
cjal-9190	232	12	100	100	NUM
cjal-9190	232	13	listed	list	VERB
cjal-9190	232	14	companies	company	NOUN
cjal-9190	232	15	is	be	AUX
cjal-9190	232	16	a	a	DET
cjal-9190	232	17	foreign	foreign	ADJ
cjal-9190	232	18	strategic	strategic	ADJ
cjal-9190	232	19	investor	investor	NOUN
cjal-9190	232	20	(	(	PUNCT
cjal-9190	232	21	证监会：超百家上市公司第一大	证监会：超百家上市公司第一大	NOUN
cjal-9190	232	22	股	股	NOUN
cjal-9190	232	23	东	东	NOUN
cjal-9190	232	24	是	是	X
cjal-9190	232	25	外	外	PROPN
cjal-9190	232	26	资	资	NUM
cjal-9190	232	27	战	战	X
cjal-9190	232	28	略	略	PROPN
cjal-9190	232	29	投	投	ADP
cjal-9190	232	30	资	资	NOUN
cjal-9190	232	31	者	者	PROPN
cjal-9190	232	32	)	)	PUNCT
cjal-9190	232	33	,	,	PUNCT
cjal-9190	232	34	sohu.com	sohu.com	X
cjal-9190	232	35	(	(	PUNCT
cjal-9190	232	36	oct	oct	PROPN
cjal-9190	232	37	.	.	PROPN
cjal-9190	232	38	12	12	NUM
cjal-9190	232	39	,	,	PUNCT
cjal-9190	232	40	2020	2020	NUM
cjal-9190	232	41	,	,	PUNCT
cjal-9190	232	42	8.19	8.19	NUM
cjal-9190	232	43	pm	pm	NOUN
cjal-9190	232	44	)	)	PUNCT
cjal-9190	232	45	,	,	PUNCT
cjal-9190	232	46	https://www.sohu.com/a/424142681_561670	https://www.sohu.com/a/424142681_561670	PROPN
cjal-9190	232	47	;	;	PUNCT
cjal-9190	232	48	gao	gao	PROPN
cjal-9190	232	49	chang	chang	PROPN
cjal-9190	232	50	,	,	PUNCT
cjal-9190	232	51	accelerating	accelerate	VERB
cjal-9190	232	52	the	the	DET
cjal-9190	232	53	inflow	inflow	NOUN
cjal-9190	232	54	of	of	ADP
cjal-9190	232	55	foreign	foreign	ADJ
cjal-9190	232	56	capital	capital	NOUN
cjal-9190	232	57	into	into	ADP
cjal-9190	232	58	a	a	DET
cjal-9190	232	59	-	-	PUNCT
cjal-9190	232	60	shares	share	NOUN
cjal-9190	232	61	,	,	PUNCT
cjal-9190	232	62	3	3	NUM
cjal-9190	232	63	companies	company	NOUN
cjal-9190	232	64	are	be	AUX
cjal-9190	232	65	approaching	approach	VERB
cjal-9190	232	66	the	the	DET
cjal-9190	232	67	upper	upper	ADJ
cjal-9190	232	68	limit	limit	NOUN
cjal-9190	232	69	of	of	ADP
cjal-9190	232	70	shareholders	shareholder	NOUN
cjal-9190	232	71	(	(	PUNCT
cjal-9190	232	72	外资加速流入	外资加速流入	ADP
cjal-9190	232	73	a	a	DET
cjal-9190	232	74	股	股	PROPN
cjal-9190	232	75	3	3	NUM
cjal-9190	232	76	公司持股逼近上限被预警	公司持股逼近上限被预警	NOUN
cjal-9190	232	77	)	)	PUNCT
cjal-9190	232	78	,	,	PUNCT
cjal-9190	232	79	xinhua	xinhua	PROPN
cjal-9190	232	80	news	news	PROPN
cjal-9190	232	81	(	(	PUNCT
cjal-9190	232	82	may	may	PROPN
cjal-9190	232	83	27	27	NUM
cjal-9190	232	84	,	,	PUNCT
cjal-9190	232	85	9:16	9:16	NUM
cjal-9190	232	86	am	am	NOUN
cjal-9190	232	87	)	)	PUNCT
cjal-9190	232	88	,	,	PUNCT
cjal-9190	232	89	http://www.xinhuanet.com/fortune/202005/27/c_1126037849.html	http://www.xinhuanet.com/fortune/202005/27/c_1126037849.html	PROPN
cjal-9190	232	90	.	.	PUNCT
cjal-9190	233	1	57	57	NUM
cjal-9190	234	1	i	i	PRON
cjal-9190	234	2	d.	d.	PROPN
cjal-9190	234	3	94	94	NUM
cjal-9190	234	4	institutional	institutional	ADJ
cjal-9190	234	5	investors	investor	NOUN
cjal-9190	234	6	in	in	ADP
cjal-9190	234	7	china	china	PROPN
cjal-9190	234	8	[	[	X
cjal-9190	234	9	vol	vol	NOUN
cjal-9190	234	10	.	.	PUNCT
cjal-9190	234	11	35	35	NUM
cjal-9190	234	12	:	:	SYM
cjal-9190	234	13	74	74	NUM
cjal-9190	234	14	inclusion	inclusion	NOUN
cjal-9190	234	15	in	in	ADP
cjal-9190	234	16	the	the	DET
cjal-9190	234	17	msci	msci	PROPN
cjal-9190	234	18	emi	emi	PROPN
cjal-9190	234	19	and	and	CCONJ
cjal-9190	234	20	the	the	DET
cjal-9190	234	21	aforementioned	aforementioned	ADJ
cjal-9190	234	22	regulatory	regulatory	ADJ
cjal-9190	234	23	caps	cap	NOUN
cjal-9190	234	24	recently	recently	ADV
cjal-9190	234	25	abolished	abolish	VERB
cjal-9190	234	26	,	,	PUNCT
cjal-9190	234	27	it	it	PRON
cjal-9190	234	28	seems	seem	VERB
cjal-9190	234	29	possible	possible	ADJ
cjal-9190	234	30	that	that	SCONJ
cjal-9190	234	31	foreign	foreign	ADJ
cjal-9190	234	32	institutional	institutional	ADJ
cjal-9190	234	33	investors	investor	NOUN
cjal-9190	234	34	will	will	AUX
cjal-9190	234	35	acquire	acquire	VERB
cjal-9190	234	36	significant	significant	ADJ
cjal-9190	234	37	minority	minority	NOUN
cjal-9190	234	38	stakes	stake	NOUN
cjal-9190	234	39	in	in	ADP
cjal-9190	234	40	more	more	ADV
cjal-9190	234	41	high	high	ADJ
cjal-9190	234	42	-	-	PUNCT
cjal-9190	234	43	profile	profile	NOUN
cjal-9190	234	44	a	a	DET
cjal-9190	234	45	-	-	PUNCT
cjal-9190	234	46	shares	share	NOUN
cjal-9190	234	47	companies	company	NOUN
cjal-9190	234	48	in	in	ADP
cjal-9190	234	49	the	the	DET
cjal-9190	234	50	future	future	NOUN
cjal-9190	234	51	.	.	PUNCT
cjal-9190	235	1	there	there	PRON
cjal-9190	235	2	are	be	VERB
cjal-9190	235	3	two	two	NUM
cjal-9190	235	4	important	important	ADJ
cjal-9190	235	5	observations	observation	NOUN
cjal-9190	235	6	that	that	PRON
cjal-9190	235	7	arise	arise	VERB
cjal-9190	235	8	from	from	ADP
cjal-9190	235	9	our	our	PRON
cjal-9190	235	10	examination	examination	NOUN
cjal-9190	235	11	of	of	ADP
cjal-9190	235	12	the	the	DET
cjal-9190	235	13	regulatory	regulatory	ADJ
cjal-9190	235	14	developments	development	NOUN
cjal-9190	235	15	in	in	ADP
cjal-9190	235	16	the	the	DET
cjal-9190	235	17	foreign	foreign	ADJ
cjal-9190	235	18	component	component	NOUN
cjal-9190	235	19	of	of	ADP
cjal-9190	235	20	the	the	DET
cjal-9190	235	21	taxonomy	taxonomy	NOUN
cjal-9190	235	22	of	of	ADP
cjal-9190	235	23	institutional	institutional	ADJ
cjal-9190	235	24	investors	investor	NOUN
cjal-9190	235	25	in	in	ADP
cjal-9190	235	26	china	china	PROPN
cjal-9190	235	27	.	.	PUNCT
cjal-9190	236	1	first	first	ADV
cjal-9190	236	2	,	,	PUNCT
cjal-9190	236	3	the	the	DET
cjal-9190	236	4	remarkable	remarkable	ADJ
cjal-9190	236	5	rise	rise	NOUN
cjal-9190	236	6	of	of	ADP
cjal-9190	236	7	institutional	institutional	ADJ
cjal-9190	236	8	investors	investor	NOUN
cjal-9190	236	9	in	in	ADP
cjal-9190	236	10	china	china	PROPN
cjal-9190	236	11	has	have	AUX
cjal-9190	236	12	been	be	AUX
cjal-9190	236	13	driven	drive	VERB
cjal-9190	236	14	predominantly	predominantly	ADV
cjal-9190	236	15	by	by	ADP
cjal-9190	236	16	chinese	chinese	ADJ
cjal-9190	236	17	—	—	PUNCT
cjal-9190	236	18	not	not	PART
cjal-9190	236	19	foreign	foreign	ADJ
cjal-9190	236	20	—	—	PUNCT
cjal-9190	236	21	institutional	institutional	ADJ
cjal-9190	236	22	investors	investor	NOUN
cjal-9190	236	23	.	.	PUNCT
cjal-9190	237	1	it	it	PRON
cjal-9190	237	2	appears	appear	VERB
cjal-9190	237	3	that	that	SCONJ
cjal-9190	237	4	the	the	DET
cjal-9190	237	5	lack	lack	NOUN
cjal-9190	237	6	of	of	ADP
cjal-9190	237	7	foreign	foreign	ADJ
cjal-9190	237	8	investment	investment	NOUN
cjal-9190	237	9	has	have	AUX
cjal-9190	237	10	been	be	AUX
cjal-9190	237	11	the	the	DET
cjal-9190	237	12	direct	direct	ADJ
cjal-9190	237	13	result	result	NOUN
cjal-9190	237	14	of	of	ADP
cjal-9190	237	15	the	the	DET
cjal-9190	237	16	chinese	chinese	ADJ
cjal-9190	237	17	government	government	NOUN
cjal-9190	237	18	’s	’s	PART
cjal-9190	237	19	strict	strict	ADJ
cjal-9190	237	20	regulatory	regulatory	ADJ
cjal-9190	237	21	caps	cap	NOUN
cjal-9190	237	22	and	and	CCONJ
cjal-9190	237	23	restrictions	restriction	NOUN
cjal-9190	237	24	.	.	PUNCT
cjal-9190	238	1	empirical	empirical	ADJ
cjal-9190	238	2	evidence	evidence	NOUN
cjal-9190	238	3	supports	support	VERB
cjal-9190	238	4	this	this	DET
cjal-9190	238	5	conclusion	conclusion	NOUN
cjal-9190	238	6	as	as	SCONJ
cjal-9190	238	7	foreign	foreign	ADJ
cjal-9190	238	8	institutional	institutional	ADJ
cjal-9190	238	9	investment	investment	NOUN
cjal-9190	238	10	has	have	AUX
cjal-9190	238	11	increased	increase	VERB
cjal-9190	238	12	in	in	ADP
cjal-9190	238	13	lockstep	lockstep	NOUN
cjal-9190	238	14	each	each	DET
cjal-9190	238	15	time	time	NOUN
cjal-9190	238	16	the	the	DET
cjal-9190	238	17	quotas	quota	NOUN
cjal-9190	238	18	and	and	CCONJ
cjal-9190	238	19	restrictions	restriction	NOUN
cjal-9190	238	20	have	have	AUX
cjal-9190	238	21	been	be	AUX
cjal-9190	238	22	eased	ease	VERB
cjal-9190	238	23	.	.	PUNCT
cjal-9190	239	1	58	58	NUM
cjal-9190	239	2	as	as	ADP
cjal-9190	239	3	such	such	ADJ
cjal-9190	239	4	,	,	PUNCT
cjal-9190	239	5	the	the	DET
cjal-9190	239	6	chinese	chinese	ADJ
cjal-9190	239	7	government	government	NOUN
cjal-9190	239	8	,	,	PUNCT
cjal-9190	239	9	through	through	ADP
cjal-9190	239	10	its	its	PRON
cjal-9190	239	11	regulatory	regulatory	ADJ
cjal-9190	239	12	design	design	NOUN
cjal-9190	239	13	,	,	PUNCT
cjal-9190	239	14	has	have	AUX
cjal-9190	239	15	given	give	VERB
cjal-9190	239	16	itself	itself	PRON
cjal-9190	239	17	a	a	DET
cjal-9190	239	18	strong	strong	ADJ
cjal-9190	239	19	hand	hand	NOUN
cjal-9190	239	20	to	to	PART
cjal-9190	239	21	shape	shape	VERB
cjal-9190	239	22	and	and	CCONJ
cjal-9190	239	23	effectively	effectively	ADV
cjal-9190	239	24	control	control	VERB
cjal-9190	239	25	the	the	DET
cjal-9190	239	26	vast	vast	ADJ
cjal-9190	239	27	majority	majority	NOUN
cjal-9190	239	28	of	of	ADP
cjal-9190	239	29	the	the	DET
cjal-9190	239	30	market	market	NOUN
cjal-9190	239	31	for	for	ADP
cjal-9190	239	32	institutional	institutional	ADJ
cjal-9190	239	33	investors	investor	NOUN
cjal-9190	239	34	as	as	SCONJ
cjal-9190	239	35	they	they	PRON
cjal-9190	239	36	are	be	AUX
cjal-9190	239	37	overwhelmingly	overwhelmingly	ADV
cjal-9190	239	38	domestic	domestic	ADJ
cjal-9190	239	39	—	—	PUNCT
cjal-9190	239	40	a	a	DET
cjal-9190	239	41	stark	stark	ADJ
cjal-9190	239	42	contrast	contrast	NOUN
cjal-9190	239	43	to	to	ADP
cjal-9190	239	44	most	most	ADJ
cjal-9190	239	45	other	other	ADJ
cjal-9190	239	46	major	major	ADJ
cjal-9190	239	47	jurisdictions	jurisdiction	NOUN
cjal-9190	239	48	that	that	PRON
cjal-9190	239	49	have	have	AUX
cjal-9190	239	50	struggled	struggle	VERB
cjal-9190	239	51	to	to	PART
cjal-9190	239	52	effectively	effectively	ADV
cjal-9190	239	53	regulate	regulate	VERB
cjal-9190	239	54	foreign	foreign	ADJ
cjal-9190	239	55	institutional	institutional	ADJ
cjal-9190	239	56	investors	investor	NOUN
cjal-9190	239	57	which	which	PRON
cjal-9190	239	58	have	have	AUX
cjal-9190	239	59	composed	compose	VERB
cjal-9190	239	60	a	a	DET
cjal-9190	239	61	sizable	sizable	ADJ
cjal-9190	239	62	portion	portion	NOUN
cjal-9190	239	63	of	of	ADP
cjal-9190	239	64	their	their	PRON
cjal-9190	239	65	markets.59	markets.59	NOUN
cjal-9190	239	66	it	it	PRON
cjal-9190	239	67	has	have	AUX
cjal-9190	239	68	also	also	ADV
cjal-9190	239	69	allowed	allow	VERB
cjal-9190	239	70	chinese	chinese	ADJ
cjal-9190	239	71	institutional	institutional	ADJ
cjal-9190	239	72	investors	investor	NOUN
cjal-9190	239	73	to	to	PART
cjal-9190	239	74	develop	develop	VERB
cjal-9190	239	75	and	and	CCONJ
cjal-9190	239	76	capture	capture	VERB
cjal-9190	239	77	market	market	NOUN
cjal-9190	239	78	share	share	NOUN
cjal-9190	239	79	with	with	ADP
cjal-9190	239	80	limited	limited	ADJ
cjal-9190	239	81	competition	competition	NOUN
cjal-9190	239	82	from	from	ADP
cjal-9190	239	83	foreign	foreign	ADJ
cjal-9190	239	84	institutional	institutional	ADJ
cjal-9190	239	85	investors	investor	NOUN
cjal-9190	239	86	.	.	PUNCT
cjal-9190	240	1	second	second	ADV
cjal-9190	240	2	,	,	PUNCT
cjal-9190	240	3	the	the	DET
cjal-9190	240	4	small	small	ADJ
cjal-9190	240	5	ownership	ownership	NOUN
cjal-9190	240	6	stakes	stake	NOUN
cjal-9190	240	7	of	of	ADP
cjal-9190	240	8	foreign	foreign	ADJ
cjal-9190	240	9	institutional	institutional	ADJ
cjal-9190	240	10	investors	investor	NOUN
cjal-9190	240	11	have	have	AUX
cjal-9190	240	12	limited	limit	VERB
cjal-9190	240	13	their	their	PRON
cjal-9190	240	14	ability	ability	NOUN
cjal-9190	240	15	to	to	PART
cjal-9190	240	16	influence	influence	VERB
cjal-9190	240	17	chinese	chinese	ADJ
cjal-9190	240	18	corporate	corporate	ADJ
cjal-9190	240	19	governance	governance	NOUN
cjal-9190	240	20	—	—	PUNCT
cjal-9190	240	21	especially	especially	ADV
cjal-9190	240	22	as	as	SCONJ
cjal-9190	240	23	most	most	ADJ
cjal-9190	240	24	listed	list	VERB
cjal-9190	240	25	companies	company	NOUN
cjal-9190	240	26	in	in	ADP
cjal-9190	240	27	china	china	PROPN
cjal-9190	240	28	are	be	AUX
cjal-9190	240	29	dominated	dominate	VERB
cjal-9190	240	30	by	by	ADP
cjal-9190	240	31	powerful	powerful	ADJ
cjal-9190	240	32	domestic	domestic	ADJ
cjal-9190	240	33	controlling	control	VERB
cjal-9190	240	34	-	-	PUNCT
cjal-9190	240	35	block	block	NOUN
cjal-9190	240	36	shareholders	shareholder	NOUN
cjal-9190	240	37	.	.	PUNCT
cjal-9190	241	1	as	as	SCONJ
cjal-9190	241	2	examined	examine	VERB
cjal-9190	241	3	in	in	ADP
cjal-9190	241	4	detail	detail	NOUN
cjal-9190	241	5	in	in	ADP
cjal-9190	241	6	part	part	NOUN
cjal-9190	241	7	iii	iii	NUM
cjal-9190	241	8	below	below	ADV
cjal-9190	241	9	,	,	PUNCT
cjal-9190	241	10	there	there	PRON
cjal-9190	241	11	is	be	VERB
cjal-9190	241	12	some	some	DET
cjal-9190	241	13	empirical	empirical	ADJ
cjal-9190	241	14	evidence	evidence	NOUN
cjal-9190	241	15	suggesting	suggest	VERB
cjal-9190	241	16	that	that	SCONJ
cjal-9190	241	17	foreign	foreign	ADJ
cjal-9190	241	18	institutional	institutional	ADJ
cjal-9190	241	19	investors	investor	NOUN
cjal-9190	241	20	have	have	VERB
cjal-9190	241	21	on	on	ADP
cjal-9190	241	22	occasion	occasion	NOUN
cjal-9190	241	23	“	"	PUNCT
cjal-9190	241	24	punched	punch	VERB
cjal-9190	241	25	above	above	ADP
cjal-9190	241	26	their	their	PRON
cjal-9190	241	27	weight”60	weight”60	PROPN
cjal-9190	241	28	in	in	ADP
cjal-9190	241	29	their	their	PRON
cjal-9190	241	30	ability	ability	NOUN
cjal-9190	241	31	to	to	PART
cjal-9190	241	32	impact	impact	VERB
cjal-9190	241	33	corporate	corporate	ADJ
cjal-9190	241	34	governance	governance	NOUN
cjal-9190	241	35	in	in	ADP
cjal-9190	241	36	listed	list	VERB
cjal-9190	241	37	companies	company	NOUN
cjal-9190	241	38	in	in	ADP
cjal-9190	241	39	china	china	PROPN
cjal-9190	241	40	,	,	PUNCT
cjal-9190	241	41	despite	despite	SCONJ
cjal-9190	241	42	their	their	PRON
cjal-9190	241	43	small	small	ADJ
cjal-9190	241	44	minority	minority	NOUN
cjal-9190	241	45	shareholdings	shareholding	NOUN
cjal-9190	241	46	.	.	PUNCT
cjal-9190	242	1	however	however	ADV
cjal-9190	242	2	,	,	PUNCT
cjal-9190	242	3	as	as	SCONJ
cjal-9190	242	4	explained	explain	VERB
cjal-9190	242	5	in	in	ADP
cjal-9190	242	6	part	part	NOUN
cjal-9190	242	7	iv	iv	NUM
cjal-9190	242	8	,	,	PUNCT
cjal-9190	242	9	even	even	ADV
cjal-9190	242	10	if	if	SCONJ
cjal-9190	242	11	foreign	foreign	ADJ
cjal-9190	242	12	institutional	institutional	ADJ
cjal-9190	242	13	investors	investor	NOUN
cjal-9190	242	14	increase	increase	VERB
cjal-9190	242	15	their	their	PRON
cjal-9190	242	16	holdings	holding	NOUN
cjal-9190	242	17	and	and	CCONJ
cjal-9190	242	18	continue	continue	VERB
cjal-9190	242	19	to	to	PART
cjal-9190	242	20	sporadically	sporadically	ADV
cjal-9190	242	21	punch	punch	VERB
cjal-9190	242	22	above	above	ADP
cjal-9190	242	23	their	their	PRON
cjal-9190	242	24	weight	weight	NOUN
cjal-9190	242	25	,	,	PUNCT
cjal-9190	242	26	this	this	PRON
cjal-9190	242	27	will	will	AUX
cjal-9190	242	28	merely	merely	ADV
cjal-9190	242	29	continue	continue	VERB
cjal-9190	242	30	to	to	PART
cjal-9190	242	31	assist	assist	VERB
cjal-9190	242	32	with	with	ADP
cjal-9190	242	33	mitigating	mitigate	VERB
cjal-9190	242	34	the	the	DET
cjal-9190	242	35	extraction	extraction	NOUN
cjal-9190	242	36	of	of	ADP
cjal-9190	242	37	wealth	wealth	NOUN
cjal-9190	242	38	reducing	reduce	VERB
cjal-9190	242	39	private	private	ADJ
cjal-9190	242	40	benefits	benefit	NOUN
cjal-9190	242	41	of	of	ADP
cjal-9190	242	42	control	control	NOUN
cjal-9190	242	43	in	in	ADP
cjal-9190	242	44	a	a	DET
cjal-9190	242	45	-	-	PUNCT
cjal-9190	242	46	shares	share	NOUN
cjal-9190	242	47	companies	company	NOUN
cjal-9190	242	48	,	,	PUNCT
cjal-9190	242	49	but	but	CCONJ
cjal-9190	242	50	not	not	PART
cjal-9190	242	51	fundamentally	fundamentally	ADV
cjal-9190	242	52	change	change	VERB
cjal-9190	242	53	the	the	DET
cjal-9190	242	54	china	china	PROPN
cjal-9190	242	55	model	model	NOUN
cjal-9190	242	56	of	of	ADP
cjal-9190	242	57	corporate	corporate	ADJ
cjal-9190	242	58	governance	governance	NOUN
cjal-9190	242	59	—	—	PUNCT
cjal-9190	242	60	in	in	ADP
cjal-9190	242	61	which	which	PRON
cjal-9190	242	62	the	the	DET
cjal-9190	242	63	ccp	ccp	PROPN
cjal-9190	242	64	has	have	VERB
cjal-9190	242	65	ultimate	ultimate	ADJ
cjal-9190	242	66	control	control	NOUN
cjal-9190	242	67	over	over	ADP
cjal-9190	242	68	soiis	soiis	NOUN
cjal-9190	242	69	and	and	CCONJ
cjal-9190	242	70	poiis	poiis	NOUN
cjal-9190	242	71	,	,	PUNCT
cjal-9190	242	72	who	who	PRON
cjal-9190	242	73	dominate	dominate	VERB
cjal-9190	242	74	the	the	DET
cjal-9190	242	75	market	market	NOUN
cjal-9190	242	76	for	for	ADP
cjal-9190	242	77	institutional	institutional	ADJ
cjal-9190	242	78	investors	investor	NOUN
cjal-9190	242	79	in	in	ADP
cjal-9190	242	80	china	china	PROPN
cjal-9190	242	81	.	.	PUNCT
cjal-9190	243	1	58	58	NUM
cjal-9190	243	2	ningyue	ningyue	PROPN
cjal-9190	243	3	liu	liu	PROPN
cjal-9190	243	4	et	et	PROPN
cjal-9190	243	5	al	al	PROPN
cjal-9190	243	6	.	.	PROPN
cjal-9190	243	7	,	,	PUNCT
cjal-9190	243	8	the	the	DET
cjal-9190	243	9	investment	investment	NOUN
cjal-9190	243	10	behavior	behavior	NOUN
cjal-9190	243	11	of	of	ADP
cjal-9190	243	12	qualified	qualified	ADJ
cjal-9190	243	13	foreign	foreign	ADJ
cjal-9190	243	14	institutional	institutional	ADJ
cjal-9190	243	15	investors	investor	NOUN
cjal-9190	243	16	in	in	ADP
cjal-9190	243	17	china	china	PROPN
cjal-9190	243	18	,	,	PUNCT
cjal-9190	243	19	54	54	NUM
cjal-9190	243	20	j.	j.	PROPN
cjal-9190	243	21	multi	multi	PROPN
cjal-9190	243	22	.	.	PUNCT
cjal-9190	243	23	fin	fin	PROPN
cjal-9190	243	24	.	.	PUNCT
cjal-9190	243	25	mgmt	mgmt	PROPN
cjal-9190	243	26	.	.	PUNCT
cjal-9190	243	27	100614	100614	NUM
cjal-9190	243	28	,	,	PUNCT
cjal-9190	243	29	5	5	NUM
cjal-9190	243	30	(	(	PUNCT
cjal-9190	243	31	2020	2020	NUM
cjal-9190	243	32	)	)	PUNCT
cjal-9190	243	33	.	.	PUNCT
cjal-9190	244	1	59	59	NUM
cjal-9190	244	2	see	see	VERB
cjal-9190	244	3	brian	brian	PROPN
cjal-9190	244	4	r.	r.	PROPN
cjal-9190	244	5	cheffins	cheffins	PROPN
cjal-9190	244	6	,	,	PUNCT
cjal-9190	244	7	the	the	DET
cjal-9190	244	8	stewardship	stewardship	NOUN
cjal-9190	244	9	code	code	PROPN
cjal-9190	244	10	’s	’s	PART
cjal-9190	244	11	achilles	achille	NOUN
cjal-9190	244	12	’	'	PUNCT
cjal-9190	244	13	heel	heel	NOUN
cjal-9190	244	14	,	,	PUNCT
cjal-9190	244	15	73(6	73(6	NOUN
cjal-9190	244	16	)	)	PUNCT
cjal-9190	244	17	mod	mod	PROPN
cjal-9190	244	18	.	.	PUNCT
cjal-9190	244	19	l.	l.	PROPN
cjal-9190	244	20	rev	rev	PROPN
cjal-9190	244	21	.	.	PROPN
cjal-9190	244	22	1004	1004	NUM
cjal-9190	244	23	(	(	PUNCT
cjal-9190	244	24	2010	2010	NUM
cjal-9190	244	25	)	)	PUNCT
cjal-9190	244	26	.	.	PUNCT
cjal-9190	245	1	60	60	NUM
cjal-9190	245	2	huang	huang	PROPN
cjal-9190	245	3	&	&	CCONJ
cjal-9190	245	4	zhu	zhu	PROPN
cjal-9190	245	5	,	,	PUNCT
cjal-9190	245	6	supra	supra	PROPN
cjal-9190	245	7	note	note	PROPN
cjal-9190	245	8	47	47	NUM
cjal-9190	245	9	,	,	PUNCT
cjal-9190	245	10	at	at	ADP
cjal-9190	245	11	312–326	312–326	NUM
cjal-9190	245	12	.	.	PUNCT
cjal-9190	246	1	2022	2022	NUM
cjal-9190	246	2	]	]	PUNCT
cjal-9190	246	3	columbia	columbia	PROPN
cjal-9190	246	4	journal	journal	PROPN
cjal-9190	246	5	of	of	ADP
cjal-9190	246	6	asian	asian	ADJ
cjal-9190	246	7	law	law	NOUN
cjal-9190	246	8	95	95	NUM
cjal-9190	246	9	c.	c.	NOUN
cjal-9190	246	10	domestic	domestic	ADJ
cjal-9190	246	11	institutional	institutional	ADJ
cjal-9190	246	12	investors	investor	NOUN
cjal-9190	246	13	:	:	PUNCT
cjal-9190	246	14	the	the	DET
cjal-9190	246	15	core	core	NOUN
cjal-9190	246	16	of	of	ADP
cjal-9190	246	17	the	the	DET
cjal-9190	246	18	taxonomy	taxonomy	NOUN
cjal-9190	246	19	the	the	DET
cjal-9190	246	20	roots	root	NOUN
cjal-9190	246	21	of	of	ADP
cjal-9190	246	22	domestic	domestic	ADJ
cjal-9190	246	23	institutional	institutional	ADJ
cjal-9190	246	24	investors	investor	NOUN
cjal-9190	246	25	in	in	ADP
cjal-9190	246	26	china	china	PROPN
cjal-9190	246	27	can	can	AUX
cjal-9190	246	28	be	be	AUX
cjal-9190	246	29	traced	trace	VERB
cjal-9190	246	30	back	back	ADV
cjal-9190	246	31	to	to	ADP
cjal-9190	246	32	1991	1991	NUM
cjal-9190	246	33	when	when	SCONJ
cjal-9190	246	34	the	the	DET
cjal-9190	246	35	first	first	ADJ
cjal-9190	246	36	batch	batch	NOUN
cjal-9190	246	37	of	of	ADP
cjal-9190	246	38	securities	security	NOUN
cjal-9190	246	39	investment	investment	NOUN
cjal-9190	246	40	funds	fund	NOUN
cjal-9190	246	41	(	(	PUNCT
cjal-9190	246	42	sifs	sifs	PROPN
cjal-9190	246	43	,	,	PUNCT
cjal-9190	246	44	commonly	commonly	ADV
cjal-9190	246	45	referred	refer	VERB
cjal-9190	246	46	to	to	ADP
cjal-9190	246	47	as	as	ADP
cjal-9190	246	48	mutual	mutual	ADJ
cjal-9190	246	49	funds)—wuhan	funds)—wuhan	PUNCT
cjal-9190	246	50	securities	security	NOUN
cjal-9190	246	51	investment	investment	NOUN
cjal-9190	246	52	fund	fund	NOUN
cjal-9190	246	53	and	and	CCONJ
cjal-9190	246	54	nanshan	nanshan	PROPN
cjal-9190	246	55	venture	venture	PROPN
cjal-9190	246	56	capital	capital	PROPN
cjal-9190	246	57	fund	fund	PROPN
cjal-9190	246	58	—	—	PUNCT
cjal-9190	246	59	were	be	AUX
cjal-9190	246	60	established	establish	VERB
cjal-9190	246	61	.	.	PUNCT
cjal-9190	247	1	in	in	ADP
cjal-9190	247	2	its	its	PRON
cjal-9190	247	3	first	first	ADJ
cjal-9190	247	4	few	few	ADJ
cjal-9190	247	5	years	year	NOUN
cjal-9190	247	6	,	,	PUNCT
cjal-9190	247	7	the	the	DET
cjal-9190	247	8	security	security	NOUN
cjal-9190	247	9	investment	investment	NOUN
cjal-9190	247	10	fund	fund	NOUN
cjal-9190	247	11	industry	industry	NOUN
cjal-9190	247	12	was	be	AUX
cjal-9190	247	13	fledgling	fledgling	NOUN
cjal-9190	247	14	and	and	CCONJ
cjal-9190	247	15	remained	remain	VERB
cjal-9190	247	16	loosely	loosely	ADV
cjal-9190	247	17	regulated	regulated	ADJ
cjal-9190	247	18	.	.	PUNCT
cjal-9190	248	1	this	this	PRON
cjal-9190	248	2	started	start	VERB
cjal-9190	248	3	to	to	PART
cjal-9190	248	4	change	change	VERB
cjal-9190	248	5	in	in	ADP
cjal-9190	248	6	1997	1997	NUM
cjal-9190	248	7	when	when	SCONJ
cjal-9190	248	8	the	the	DET
cjal-9190	248	9	securities	security	NOUN
cjal-9190	248	10	commission	commission	PROPN
cjal-9190	248	11	of	of	ADP
cjal-9190	248	12	the	the	DET
cjal-9190	248	13	state	state	PROPN
cjal-9190	248	14	council	council	PROPN
cjal-9190	248	15	(	(	PUNCT
cjal-9190	248	16	currently	currently	ADV
cjal-9190	248	17	dissolved	dissolve	VERB
cjal-9190	248	18	)	)	PUNCT
cjal-9190	248	19	issued	issue	VERB
cjal-9190	248	20	the	the	DET
cjal-9190	248	21	“	"	PUNCT
cjal-9190	248	22	interim	interim	ADJ
cjal-9190	248	23	measures	measure	NOUN
cjal-9190	248	24	on	on	ADP
cjal-9190	248	25	the	the	DET
cjal-9190	248	26	management	management	NOUN
cjal-9190	248	27	of	of	ADP
cjal-9190	248	28	securities	security	NOUN
cjal-9190	248	29	investment	investment	NOUN
cjal-9190	248	30	funds	fund	NOUN
cjal-9190	248	31	”	"	PUNCT
cjal-9190	248	32	(	(	PUNCT
cjal-9190	248	33	sif	sif	PROPN
cjal-9190	248	34	interim	interim	ADJ
cjal-9190	248	35	measures	measure	NOUN
cjal-9190	248	36	)	)	PUNCT
cjal-9190	248	37	,	,	PUNCT
cjal-9190	248	38	which	which	PRON
cjal-9190	248	39	established	establish	VERB
cjal-9190	248	40	the	the	DET
cjal-9190	248	41	first	first	ADJ
cjal-9190	248	42	provisional	provisional	ADJ
cjal-9190	248	43	framework	framework	NOUN
cjal-9190	248	44	for	for	ADP
cjal-9190	248	45	the	the	DET
cjal-9190	248	46	industry	industry	NOUN
cjal-9190	248	47	.	.	PUNCT
cjal-9190	249	1	within	within	ADP
cjal-9190	249	2	a	a	DET
cjal-9190	249	3	few	few	ADJ
cjal-9190	249	4	years	year	NOUN
cjal-9190	249	5	,	,	PUNCT
cjal-9190	249	6	a	a	DET
cjal-9190	249	7	handful	handful	NOUN
cjal-9190	249	8	of	of	ADP
cjal-9190	249	9	asset	asset	NOUN
cjal-9190	249	10	management	management	NOUN
cjal-9190	249	11	companies	company	NOUN
cjal-9190	249	12	were	be	AUX
cjal-9190	249	13	established	establish	VERB
cjal-9190	249	14	,	,	PUNCT
cjal-9190	249	15	and	and	CCONJ
cjal-9190	249	16	several	several	ADJ
cjal-9190	249	17	close	close	ADV
cjal-9190	249	18	-	-	PUNCT
cjal-9190	249	19	ended	end	VERB
cjal-9190	249	20	funds	fund	NOUN
cjal-9190	249	21	were	be	AUX
cjal-9190	249	22	launched	launch	VERB
cjal-9190	249	23	.	.	PUNCT
cjal-9190	250	1	in	in	ADP
cjal-9190	250	2	addition	addition	NOUN
cjal-9190	250	3	,	,	PUNCT
cjal-9190	250	4	75	75	NUM
cjal-9190	250	5	closeended	closeended	ADJ
cjal-9190	250	6	funds	fund	NOUN
cjal-9190	250	7	,	,	PUNCT
cjal-9190	250	8	which	which	PRON
cjal-9190	250	9	were	be	AUX
cjal-9190	250	10	launched	launch	VERB
cjal-9190	250	11	prior	prior	ADV
cjal-9190	250	12	to	to	ADP
cjal-9190	250	13	the	the	DET
cjal-9190	250	14	introduction	introduction	NOUN
cjal-9190	250	15	of	of	ADP
cjal-9190	250	16	the	the	DET
cjal-9190	250	17	sif	sif	PROPN
cjal-9190	250	18	interim	interim	ADJ
cjal-9190	250	19	measures	measure	NOUN
cjal-9190	250	20	,	,	PUNCT
cjal-9190	250	21	continued	continue	VERB
cjal-9190	250	22	to	to	PART
cjal-9190	250	23	function.61	function.61	VERB
cjal-9190	250	24	at	at	ADP
cjal-9190	250	25	the	the	DET
cjal-9190	250	26	dawn	dawn	NOUN
cjal-9190	250	27	of	of	ADP
cjal-9190	250	28	the	the	DET
cjal-9190	250	29	new	new	ADJ
cjal-9190	250	30	millennium	millennium	NOUN
cjal-9190	250	31	,	,	PUNCT
cjal-9190	250	32	the	the	DET
cjal-9190	250	33	chinese	chinese	ADJ
cjal-9190	250	34	government	government	NOUN
cjal-9190	250	35	made	make	VERB
cjal-9190	250	36	it	it	PRON
cjal-9190	250	37	a	a	DET
cjal-9190	250	38	strategic	strategic	ADJ
cjal-9190	250	39	initiative	initiative	NOUN
cjal-9190	250	40	to	to	PART
cjal-9190	250	41	develop	develop	VERB
cjal-9190	250	42	sifs	sif	NOUN
cjal-9190	250	43	as	as	ADP
cjal-9190	250	44	a	a	DET
cjal-9190	250	45	mechanism	mechanism	NOUN
cjal-9190	250	46	to	to	PART
cjal-9190	250	47	stabilize	stabilize	VERB
cjal-9190	250	48	the	the	DET
cjal-9190	250	49	market	market	NOUN
cjal-9190	250	50	and	and	CCONJ
cjal-9190	250	51	improve	improve	VERB
cjal-9190	250	52	chinese	chinese	ADJ
cjal-9190	250	53	corporate	corporate	ADJ
cjal-9190	250	54	governance	governance	NOUN
cjal-9190	250	55	.	.	PUNCT
cjal-9190	251	1	in	in	ADP
cjal-9190	251	2	1999	1999	NUM
cjal-9190	251	3	,	,	PUNCT
cjal-9190	251	4	the	the	DET
cjal-9190	251	5	csrc	csrc	NOUN
cjal-9190	251	6	began	begin	VERB
cjal-9190	251	7	the	the	DET
cjal-9190	251	8	process	process	NOUN
cjal-9190	251	9	of	of	ADP
cjal-9190	251	10	liquidating	liquidating	NOUN
cjal-9190	251	11	and	and	CCONJ
cjal-9190	251	12	amalgamating	amalgamate	VERB
cjal-9190	251	13	the	the	DET
cjal-9190	251	14	75	75	NUM
cjal-9190	251	15	close	close	ADV
cjal-9190	251	16	-	-	PUNCT
cjal-9190	251	17	ended	end	VERB
cjal-9190	251	18	funds	fund	NOUN
cjal-9190	251	19	launched	launch	VERB
cjal-9190	251	20	prior	prior	ADV
cjal-9190	251	21	to	to	ADP
cjal-9190	251	22	the	the	DET
cjal-9190	251	23	introduction	introduction	NOUN
cjal-9190	251	24	of	of	ADP
cjal-9190	251	25	the	the	DET
cjal-9190	251	26	sif	sif	PROPN
cjal-9190	251	27	interim	interim	ADJ
cjal-9190	251	28	measures	measure	NOUN
cjal-9190	251	29	.	.	PUNCT
cjal-9190	252	1	in	in	ADP
cjal-9190	252	2	2000	2000	NUM
cjal-9190	252	3	,	,	PUNCT
cjal-9190	252	4	the	the	DET
cjal-9190	252	5	president	president	NOUN
cjal-9190	252	6	of	of	ADP
cjal-9190	252	7	the	the	DET
cjal-9190	252	8	csrc	csrc	NOUN
cjal-9190	252	9	and	and	CCONJ
cjal-9190	252	10	the	the	DET
cjal-9190	252	11	vicechairman	vicechairman	NOUN
cjal-9190	252	12	of	of	ADP
cjal-9190	252	13	the	the	DET
cjal-9190	252	14	standing	standing	PROPN
cjal-9190	252	15	committee	committee	PROPN
cjal-9190	252	16	of	of	ADP
cjal-9190	252	17	the	the	DET
cjal-9190	252	18	national	national	PROPN
cjal-9190	252	19	people	people	PROPN
cjal-9190	252	20	’s	’s	PART
cjal-9190	252	21	congress	congress	PROPN
cjal-9190	252	22	both	both	PRON
cjal-9190	252	23	made	make	VERB
cjal-9190	252	24	the	the	DET
cjal-9190	252	25	development	development	NOUN
cjal-9190	252	26	of	of	ADP
cjal-9190	252	27	sifs	sifs	PROPN
cjal-9190	252	28	a	a	DET
cjal-9190	252	29	priority	priority	NOUN
cjal-9190	252	30	to	to	PART
cjal-9190	252	31	facilitate	facilitate	VERB
cjal-9190	252	32	the	the	DET
cjal-9190	252	33	development	development	NOUN
cjal-9190	252	34	of	of	ADP
cjal-9190	252	35	institutional	institutional	ADJ
cjal-9190	252	36	investors.62	investors.62	NOUN
cjal-9190	252	37	their	their	PRON
cjal-9190	252	38	views	view	NOUN
cjal-9190	252	39	were	be	AUX
cjal-9190	252	40	echoed	echo	VERB
cjal-9190	252	41	in	in	ADP
cjal-9190	252	42	a	a	DET
cjal-9190	252	43	csrc	csrc	NOUN
cjal-9190	252	44	policy	policy	NOUN
cjal-9190	252	45	paper	paper	NOUN
cjal-9190	252	46	published	publish	VERB
cjal-9190	252	47	in	in	ADP
cjal-9190	252	48	2000	2000	NUM
cjal-9190	252	49	,	,	PUNCT
cjal-9190	252	50	which	which	PRON
cjal-9190	252	51	promoted	promote	VERB
cjal-9190	252	52	the	the	DET
cjal-9190	252	53	development	development	NOUN
cjal-9190	252	54	of	of	ADP
cjal-9190	252	55	sifs	sif	NOUN
cjal-9190	252	56	as	as	ADP
cjal-9190	252	57	a	a	DET
cjal-9190	252	58	mechanism	mechanism	NOUN
cjal-9190	252	59	to	to	PART
cjal-9190	252	60	stabilize	stabilize	VERB
cjal-9190	252	61	the	the	DET
cjal-9190	252	62	stock	stock	NOUN
cjal-9190	252	63	market	market	NOUN
cjal-9190	252	64	and	and	CCONJ
cjal-9190	252	65	monitor	monitor	VERB
cjal-9190	252	66	the	the	DET
cjal-9190	252	67	controllers	controller	NOUN
cjal-9190	252	68	of	of	ADP
cjal-9190	252	69	listed	list	VERB
cjal-9190	252	70	companies.63	companies.63	NOUN
cjal-9190	252	71	in	in	ADP
cjal-9190	252	72	2001	2001	NUM
cjal-9190	252	73	,	,	PUNCT
cjal-9190	252	74	china	china	PROPN
cjal-9190	252	75	’s	’s	PART
cjal-9190	252	76	first	first	ADJ
cjal-9190	252	77	open	open	ADV
cjal-9190	252	78	-	-	PUNCT
cjal-9190	252	79	ended	end	VERB
cjal-9190	252	80	sif	sif	NOUN
cjal-9190	252	81	was	be	AUX
cjal-9190	252	82	launched	launch	VERB
cjal-9190	252	83	,	,	PUNCT
cjal-9190	252	84	and	and	CCONJ
cjal-9190	252	85	openended	openende	VERB
cjal-9190	252	86	funds	fund	NOUN
cjal-9190	252	87	quickly	quickly	ADV
cjal-9190	252	88	came	come	VERB
cjal-9190	252	89	to	to	PART
cjal-9190	252	90	dominate	dominate	VERB
cjal-9190	252	91	the	the	DET
cjal-9190	252	92	industry.64	industry.64	NOUN
cjal-9190	252	93	in	in	ADP
cjal-9190	252	94	2002	2002	NUM
cjal-9190	252	95	,	,	PUNCT
cjal-9190	252	96	china	china	PROPN
cjal-9190	252	97	61	61	NUM
cjal-9190	252	98	in	in	ADP
cjal-9190	252	99	march	march	PROPN
cjal-9190	252	100	1998	1998	NUM
cjal-9190	252	101	,	,	PUNCT
cjal-9190	252	102	jin	jin	PROPN
cjal-9190	252	103	tai	tai	PROPN
cjal-9190	252	104	fund	fund	PROPN
cjal-9190	252	105	and	and	CCONJ
cjal-9190	252	106	kai	kai	PROPN
cjal-9190	252	107	yuan	yuan	PROPN
cjal-9190	252	108	fund	fund	NOUN
cjal-9190	252	109	became	become	VERB
cjal-9190	252	110	the	the	DET
cjal-9190	252	111	first	first	ADJ
cjal-9190	252	112	two	two	NUM
cjal-9190	252	113	regulated	regulated	ADJ
cjal-9190	252	114	funds	fund	NOUN
cjal-9190	252	115	permitted	permit	VERB
cjal-9190	252	116	under	under	ADP
cjal-9190	252	117	these	these	DET
cjal-9190	252	118	measures	measure	NOUN
cjal-9190	252	119	.	.	PUNCT
cjal-9190	253	1	between	between	ADP
cjal-9190	253	2	1998	1998	NUM
cjal-9190	253	3	to	to	ADP
cjal-9190	253	4	1999	1999	NUM
cjal-9190	253	5	,	,	PUNCT
cjal-9190	253	6	the	the	DET
cjal-9190	253	7	“	"	PUNCT
cjal-9190	253	8	old	old	ADJ
cjal-9190	253	9	ten	ten	NUM
cjal-9190	253	10	”	"	PUNCT
cjal-9190	253	11	sifs	sif	NOUN
cjal-9190	253	12	were	be	AUX
cjal-9190	253	13	established	establish	VERB
cjal-9190	253	14	,	,	PUNCT
cjal-9190	253	15	comprising	comprise	VERB
cjal-9190	253	16	10	10	NUM
cjal-9190	253	17	companies	company	NOUN
cjal-9190	253	18	including	include	VERB
cjal-9190	253	19	china	china	PROPN
cjal-9190	253	20	southern	southern	PROPN
cjal-9190	253	21	asset	asset	NOUN
cjal-9190	253	22	management	management	NOUN
cjal-9190	253	23	,	,	PUNCT
cjal-9190	253	24	guotai	guotai	NOUN
cjal-9190	253	25	asset	asset	NOUN
cjal-9190	253	26	management	management	NOUN
cjal-9190	253	27	,	,	PUNCT
cjal-9190	253	28	china	china	PROPN
cjal-9190	253	29	asset	asset	NOUN
cjal-9190	253	30	management	management	NOUN
cjal-9190	253	31	.	.	PUNCT
cjal-9190	254	1	62	62	NUM
cjal-9190	254	2	open	open	ADJ
cjal-9190	254	3	-	-	PUNCT
cjal-9190	254	4	end	end	NOUN
cjal-9190	254	5	mutual	mutual	ADJ
cjal-9190	254	6	fund	fund	NOUN
cjal-9190	254	7	should	should	AUX
cjal-9190	254	8	be	be	AUX
cjal-9190	254	9	the	the	DET
cjal-9190	254	10	main	main	ADJ
cjal-9190	254	11	institutional	institutional	ADJ
cjal-9190	254	12	investors	investor	NOUN
cjal-9190	254	13	.	.	PUNCT
cjal-9190	255	1	see	see	VERB
cjal-9190	255	2	zhou	zhou	PROPN
cjal-9190	255	3	xiaochuan	xiaochuan	PROPN
cjal-9190	255	4	points	point	VERB
cjal-9190	255	5	out	out	ADP
cjal-9190	255	6	:	:	PUNCT
cjal-9190	255	7	make	make	VERB
cjal-9190	255	8	the	the	DET
cjal-9190	255	9	fund	fund	NOUN
cjal-9190	255	10	a	a	DET
cjal-9190	255	11	major	major	ADJ
cjal-9190	255	12	institutional	institutional	ADJ
cjal-9190	255	13	investor	investor	NOUN
cjal-9190	255	14	as	as	ADV
cjal-9190	255	15	soon	soon	ADV
cjal-9190	255	16	as	as	ADP
cjal-9190	255	17	possible	possible	ADJ
cjal-9190	255	18	(	(	PUNCT
cjal-9190	255	19	周小川指出：尽早使基金成为主要机构投资者	周小川指出：尽早使基金成为主要机构投资者	PROPN
cjal-9190	255	20	)	)	PUNCT
cjal-9190	255	21	,	,	PUNCT
cjal-9190	255	22	shanghai	shanghai	PROPN
cjal-9190	255	23	securities	securities	PROPN
cjal-9190	255	24	daily	daily	PROPN
cjal-9190	255	25	(	(	PUNCT
cjal-9190	255	26	oct	oct	PROPN
cjal-9190	255	27	.	.	PROPN
cjal-9190	255	28	25	25	NUM
cjal-9190	255	29	,	,	PUNCT
cjal-9190	255	30	2000	2000	NUM
cjal-9190	255	31	,	,	PUNCT
cjal-9190	255	32	8.02	8.02	NUM
cjal-9190	255	33	am	am	NOUN
cjal-9190	255	34	)	)	PUNCT
cjal-9190	255	35	,	,	PUNCT
cjal-9190	255	36	http://finance.sina.com.cn/2000-1025/18600.html	http://finance.sina.com.cn/2000-1025/18600.html	PROPN
cjal-9190	255	37	.	.	PUNCT
cjal-9190	256	1	63	63	NUM
cjal-9190	256	2	kaifangshi	kaifangshi	PROPN
cjal-9190	256	3	zhengquan	zhengquan	PROPN
cjal-9190	256	4	touzi	touzi	PROPN
cjal-9190	256	5	jijin	jijin	PROPN
cjal-9190	256	6	shidian	shidian	PROPN
cjal-9190	256	7	bafa	bafa	PROPN
cjal-9190	256	8	(	(	PUNCT
cjal-9190	256	9	开放式证券投资基金试点办法	开放式证券投资基金试点办法	PROPN
cjal-9190	256	10	)	)	PUNCT
cjal-9190	256	11	[	[	X
cjal-9190	256	12	open	open	ADV
cjal-9190	256	13	-	-	PUNCT
cjal-9190	256	14	ended	end	VERB
cjal-9190	256	15	securities	security	NOUN
cjal-9190	256	16	investment	investment	NOUN
cjal-9190	256	17	fund	fund	NOUN
cjal-9190	256	18	pilot	pilot	NOUN
cjal-9190	256	19	scheme	scheme	NOUN
cjal-9190	256	20	]	]	PUNCT
cjal-9190	256	21	(	(	PUNCT
cjal-9190	256	22	promulgated	promulgate	VERB
cjal-9190	256	23	by	by	ADP
cjal-9190	256	24	china	china	PROPN
cjal-9190	256	25	securities	securities	PROPN
cjal-9190	256	26	regulatory	regulatory	PROPN
cjal-9190	256	27	commission	commission	PROPN
cjal-9190	256	28	,	,	PUNCT
cjal-9190	256	29	oct	oct	PROPN
cjal-9190	256	30	.	.	PROPN
cjal-9190	256	31	8	8	NUM
cjal-9190	256	32	,	,	PUNCT
cjal-9190	256	33	2000	2000	NUM
cjal-9190	256	34	,	,	PUNCT
cjal-9190	256	35	effective	effective	ADJ
cjal-9190	256	36	oct	oct	PROPN
cjal-9190	256	37	.	.	PROPN
cjal-9190	256	38	8	8	NUM
cjal-9190	256	39	,	,	PUNCT
cjal-9190	256	40	2020	2020	NUM
cjal-9190	256	41	)	)	PUNCT
cjal-9190	256	42	,	,	PUNCT
cjal-9190	256	43	available	available	ADJ
cjal-9190	256	44	at	at	ADP
cjal-9190	256	45	http://www.gov.cn/gongbao/content/2001/content_61025.htm	http://www.gov.cn/gongbao/content/2001/content_61025.htm	PROPN
cjal-9190	256	46	.	.	PUNCT
cjal-9190	256	47	64	64	NUM
cjal-9190	256	48	by	by	ADP
cjal-9190	256	49	the	the	DET
cjal-9190	256	50	end	end	NOUN
cjal-9190	256	51	of	of	ADP
cjal-9190	256	52	2002	2002	NUM
cjal-9190	256	53	,	,	PUNCT
cjal-9190	256	54	the	the	DET
cjal-9190	256	55	number	number	NOUN
cjal-9190	256	56	of	of	ADP
cjal-9190	256	57	open	open	ADV
cjal-9190	256	58	-	-	PUNCT
cjal-9190	256	59	ended	end	VERB
cjal-9190	256	60	sifs	sif	NOUN
cjal-9190	256	61	had	have	AUX
cjal-9190	256	62	increased	increase	VERB
cjal-9190	256	63	to	to	ADP
cjal-9190	256	64	17	17	NUM
cjal-9190	256	65	and	and	CCONJ
cjal-9190	256	66	it	it	PRON
cjal-9190	256	67	went	go	VERB
cjal-9190	256	68	on	on	ADP
cjal-9190	256	69	to	to	PART
cjal-9190	256	70	gradually	gradually	ADV
cjal-9190	256	71	replace	replace	VERB
cjal-9190	256	72	closed	closed	ADJ
cjal-9190	256	73	-	-	PUNCT
cjal-9190	256	74	ended	end	VERB
cjal-9190	256	75	funds	fund	NOUN
cjal-9190	256	76	.	.	PUNCT
cjal-9190	257	1	96	96	NUM
cjal-9190	257	2	institutional	institutional	ADJ
cjal-9190	257	3	investors	investor	NOUN
cjal-9190	257	4	in	in	ADP
cjal-9190	257	5	china	china	PROPN
cjal-9190	257	6	[	[	X
cjal-9190	257	7	vol	vol	NOUN
cjal-9190	257	8	.	.	PUNCT
cjal-9190	257	9	35	35	NUM
cjal-9190	257	10	:	:	SYM
cjal-9190	257	11	74	74	NUM
cjal-9190	257	12	designated	designate	VERB
cjal-9190	257	13	institutional	institutional	ADJ
cjal-9190	257	14	investors	investor	NOUN
cjal-9190	257	15	as	as	ADP
cjal-9190	257	16	an	an	DET
cjal-9190	257	17	important	important	ADJ
cjal-9190	257	18	feature	feature	NOUN
cjal-9190	257	19	of	of	ADP
cjal-9190	257	20	its	its	PRON
cjal-9190	257	21	corporate	corporate	ADJ
cjal-9190	257	22	governance	governance	NOUN
cjal-9190	257	23	system	system	NOUN
cjal-9190	257	24	by	by	ADP
cjal-9190	257	25	affirming	affirm	VERB
cjal-9190	257	26	in	in	ADP
cjal-9190	257	27	its	its	PRON
cjal-9190	257	28	inaugural	inaugural	ADJ
cjal-9190	257	29	corporate	corporate	ADJ
cjal-9190	257	30	governance	governance	NOUN
cjal-9190	257	31	code	code	NOUN
cjal-9190	257	32	that	that	SCONJ
cjal-9190	257	33	“	"	PUNCT
cjal-9190	257	34	institutional	institutional	ADJ
cjal-9190	257	35	investors	investor	NOUN
cjal-9190	257	36	shall	shall	AUX
cjal-9190	257	37	play	play	VERB
cjal-9190	257	38	a	a	DET
cjal-9190	257	39	role	role	NOUN
cjal-9190	257	40	in	in	ADP
cjal-9190	257	41	the	the	DET
cjal-9190	257	42	appointment	appointment	NOUN
cjal-9190	257	43	of	of	ADP
cjal-9190	257	44	company	company	NOUN
cjal-9190	257	45	directors	director	NOUN
cjal-9190	257	46	,	,	PUNCT
cjal-9190	257	47	the	the	DET
cjal-9190	257	48	compensation	compensation	NOUN
cjal-9190	257	49	and	and	CCONJ
cjal-9190	257	50	supervision	supervision	NOUN
cjal-9190	257	51	of	of	ADP
cjal-9190	257	52	management	management	NOUN
cjal-9190	257	53	and	and	CCONJ
cjal-9190	257	54	major	major	ADJ
cjal-9190	257	55	decision	decision	NOUN
cjal-9190	257	56	-	-	PUNCT
cjal-9190	257	57	making	make	VERB
cjal-9190	257	58	processes	process	NOUN
cjal-9190	257	59	.	.	PUNCT
cjal-9190	257	60	”	"	PUNCT
cjal-9190	258	1	65	65	NUM
cjal-9190	258	2	on	on	ADP
cjal-9190	258	3	28	28	NUM
cjal-9190	258	4	october	october	PROPN
cjal-9190	258	5	2003	2003	NUM
cjal-9190	258	6	,	,	PUNCT
cjal-9190	258	7	the	the	DET
cjal-9190	258	8	“	"	PUNCT
cjal-9190	258	9	prc	prc	PROPN
cjal-9190	258	10	securities	security	NOUN
cjal-9190	258	11	investment	investment	NOUN
cjal-9190	258	12	fund	fund	NOUN
cjal-9190	258	13	law	law	NOUN
cjal-9190	258	14	”	"	PUNCT
cjal-9190	258	15	was	be	AUX
cjal-9190	258	16	promulgated	promulgate	VERB
cjal-9190	258	17	,	,	PUNCT
cjal-9190	258	18	marking	mark	VERB
cjal-9190	258	19	a	a	DET
cjal-9190	258	20	major	major	ADJ
cjal-9190	258	21	milestone	milestone	NOUN
cjal-9190	258	22	as	as	SCONJ
cjal-9190	258	23	it	it	PRON
cjal-9190	258	24	was	be	AUX
cjal-9190	258	25	the	the	DET
cjal-9190	258	26	first	first	ADJ
cjal-9190	258	27	national	national	ADJ
cjal-9190	258	28	law	law	NOUN
cjal-9190	258	29	regulating	regulate	VERB
cjal-9190	258	30	sifs.66	sifs.66	NOUN
cjal-9190	258	31	as	as	SCONJ
cjal-9190	258	32	illustrated	illustrate	VERB
cjal-9190	258	33	in	in	ADP
cjal-9190	258	34	chart	chart	NOUN
cjal-9190	258	35	1	1	NUM
cjal-9190	258	36	and	and	CCONJ
cjal-9190	258	37	chart	chart	NOUN
cjal-9190	258	38	2	2	NUM
cjal-9190	258	39	above	above	ADV
cjal-9190	258	40	,	,	PUNCT
cjal-9190	258	41	until	until	ADP
cjal-9190	258	42	2005	2005	NUM
cjal-9190	258	43	,	,	PUNCT
cjal-9190	258	44	sifs	sif	NOUN
cjal-9190	258	45	were	be	AUX
cjal-9190	258	46	essentially	essentially	ADV
cjal-9190	258	47	the	the	DET
cjal-9190	258	48	only	only	ADJ
cjal-9190	258	49	type	type	NOUN
cjal-9190	258	50	of	of	ADP
cjal-9190	258	51	institutional	institutional	ADJ
cjal-9190	258	52	investor	investor	NOUN
cjal-9190	258	53	in	in	ADP
cjal-9190	258	54	the	the	DET
cjal-9190	258	55	market	market	NOUN
cjal-9190	258	56	.	.	PUNCT
cjal-9190	259	1	as	as	SCONJ
cjal-9190	259	2	the	the	DET
cjal-9190	259	3	stock	stock	NOUN
cjal-9190	259	4	market	market	NOUN
cjal-9190	259	5	strengthened	strengthen	VERB
cjal-9190	259	6	in	in	ADP
cjal-9190	259	7	2006	2006	NUM
cjal-9190	259	8	and	and	CCONJ
cjal-9190	259	9	boomed	boom	VERB
cjal-9190	259	10	in	in	ADP
cjal-9190	259	11	2007	2007	NUM
cjal-9190	259	12	,	,	PUNCT
cjal-9190	259	13	the	the	DET
cjal-9190	259	14	popularity	popularity	NOUN
cjal-9190	259	15	,	,	PUNCT
cjal-9190	259	16	profitability	profitability	NOUN
cjal-9190	259	17	,	,	PUNCT
cjal-9190	259	18	and	and	CCONJ
cjal-9190	259	19	size	size	NOUN
cjal-9190	259	20	of	of	ADP
cjal-9190	259	21	sifs	sif	NOUN
cjal-9190	259	22	increased	increase	VERB
cjal-9190	259	23	significantly	significantly	ADV
cjal-9190	259	24	—	—	PUNCT
cjal-9190	259	25	and	and	CCONJ
cjal-9190	259	26	they	they	PRON
cjal-9190	259	27	came	come	VERB
cjal-9190	259	28	to	to	PART
cjal-9190	259	29	account	account	VERB
cjal-9190	259	30	for	for	ADP
cjal-9190	259	31	6.6	6.6	NUM
cjal-9190	259	32	%	%	NOUN
cjal-9190	259	33	of	of	ADP
cjal-9190	259	34	capitalization	capitalization	NOUN
cjal-9190	259	35	and	and	CCONJ
cjal-9190	259	36	28	28	NUM
cjal-9190	259	37	%	%	NOUN
cjal-9190	259	38	of	of	ADP
cjal-9190	259	39	the	the	DET
cjal-9190	259	40	freefloat	freefloat	NOUN
cjal-9190	259	41	of	of	ADP
cjal-9190	259	42	the	the	DET
cjal-9190	259	43	a	a	DET
cjal-9190	259	44	-	-	PUNCT
cjal-9190	259	45	shares	share	NOUN
cjal-9190	259	46	market.67	market.67	NOUN
cjal-9190	259	47	since	since	SCONJ
cjal-9190	259	48	2003	2003	NUM
cjal-9190	259	49	,	,	PUNCT
cjal-9190	259	50	hedge	hedge	NOUN
cjal-9190	259	51	funds	fund	NOUN
cjal-9190	259	52	and	and	CCONJ
cjal-9190	259	53	index	index	NOUN
cjal-9190	259	54	funds	fund	NOUN
cjal-9190	259	55	have	have	AUX
cjal-9190	259	56	been	be	AUX
cjal-9190	259	57	gradually	gradually	ADV
cjal-9190	259	58	launched	launch	VERB
cjal-9190	259	59	,	,	PUNCT
cjal-9190	259	60	but	but	CCONJ
cjal-9190	259	61	open	open	ADJ
cjal-9190	259	62	-	-	PUNCT
cjal-9190	259	63	ended	end	VERB
cjal-9190	259	64	mutual	mutual	ADJ
cjal-9190	259	65	funds	fund	NOUN
cjal-9190	259	66	continue	continue	VERB
cjal-9190	259	67	to	to	PART
cjal-9190	259	68	dominate	dominate	VERB
cjal-9190	259	69	the	the	DET
cjal-9190	259	70	market	market	NOUN
cjal-9190	259	71	.	.	PUNCT
cjal-9190	260	1	68	68	NUM
cjal-9190	260	2	in	in	ADP
cjal-9190	260	3	april	april	PROPN
cjal-9190	260	4	2018	2018	NUM
cjal-9190	260	5	,	,	PUNCT
cjal-9190	260	6	the	the	DET
cjal-9190	260	7	guiding	guide	VERB
cjal-9190	260	8	opinions	opinion	NOUN
cjal-9190	260	9	on	on	ADP
cjal-9190	260	10	regulating	regulate	VERB
cjal-9190	260	11	the	the	DET
cjal-9190	260	12	asset	asset	NOUN
cjal-9190	260	13	management	management	NOUN
cjal-9190	260	14	business	business	NOUN
cjal-9190	260	15	of	of	ADP
cjal-9190	260	16	financial	financial	ADJ
cjal-9190	260	17	65	65	NUM
cjal-9190	260	18	shangshi	shangshi	ADJ
cjal-9190	260	19	gongsi	gongsi	ADJ
cjal-9190	260	20	zhili	zhili	PROPN
cjal-9190	260	21	zhunze	zhunze	NOUN
cjal-9190	260	22	(	(	PUNCT
cjal-9190	260	23	上市公司治理准则	上市公司治理准则	NOUN
cjal-9190	260	24	)	)	PUNCT
cjal-9190	261	1	[	[	X
cjal-9190	261	2	code	code	NOUN
cjal-9190	261	3	of	of	ADP
cjal-9190	261	4	corporate	corporate	ADJ
cjal-9190	261	5	governance	governance	NOUN
cjal-9190	261	6	for	for	ADP
cjal-9190	261	7	listed	list	VERB
cjal-9190	261	8	companies	company	NOUN
cjal-9190	261	9	in	in	ADP
cjal-9190	261	10	china	china	PROPN
cjal-9190	261	11	]	]	PUNCT
cjal-9190	261	12	(	(	PUNCT
cjal-9190	261	13	promulgated	promulgate	VERB
cjal-9190	261	14	by	by	ADP
cjal-9190	261	15	china	china	PROPN
cjal-9190	261	16	securities	securities	PROPN
cjal-9190	261	17	regulatory	regulatory	PROPN
cjal-9190	261	18	commission	commission	PROPN
cjal-9190	261	19	,	,	PUNCT
cjal-9190	261	20	jan	jan	PROPN
cjal-9190	261	21	.	.	PROPN
cjal-9190	261	22	7	7	NUM
cjal-9190	261	23	,	,	PUNCT
cjal-9190	261	24	2002	2002	NUM
cjal-9190	261	25	,	,	PUNCT
cjal-9190	261	26	effective	effective	ADJ
cjal-9190	261	27	jan	jan	PROPN
cjal-9190	261	28	.	.	PROPN
cjal-9190	261	29	7	7	NUM
cjal-9190	261	30	,	,	PUNCT
cjal-9190	261	31	2002	2002	NUM
cjal-9190	261	32	)	)	PUNCT
cjal-9190	261	33	,	,	PUNCT
cjal-9190	261	34	art	art	NOUN
cjal-9190	261	35	.	.	PUNCT
cjal-9190	262	1	11	11	NUM
cjal-9190	262	2	,	,	PUNCT
cjal-9190	262	3	available	available	ADJ
cjal-9190	262	4	at	at	ADP
cjal-9190	262	5	http://www.csrc.gov.cn/tianjin/tjfzyd/tjjflfg/tjbmgz/201210/t20121015_215801.htm	http://www.csrc.gov.cn/tianjin/tjfzyd/tjjflfg/tjbmgz/201210/t20121015_215801.htm	PROPN
cjal-9190	262	6	.	.	PUNCT
cjal-9190	263	1	see	see	VERB
cjal-9190	263	2	appendix	appendix	NOUN
cjal-9190	263	3	1	1	NUM
cjal-9190	263	4	.	.	NUM
cjal-9190	263	5	66	66	NUM
cjal-9190	263	6	zhonghua	zhonghua	PROPN
cjal-9190	263	7	renmin	renmin	PROPN
cjal-9190	263	8	gongheguo	gongheguo	PROPN
cjal-9190	263	9	zhengquan	zhengquan	PROPN
cjal-9190	263	10	toouzi	toouzi	PROPN
cjal-9190	263	11	jijinfa	jijinfa	PROPN
cjal-9190	263	12	(	(	PUNCT
cjal-9190	263	13	中华人民共和国证券	中华人民共和国证券	NOUN
cjal-9190	263	14	投资基金法	投资基金法	NOUN
cjal-9190	263	15	)	)	PUNCT
cjal-9190	264	1	[	[	X
cjal-9190	264	2	securities	security	NOUN
cjal-9190	264	3	investment	investment	NOUN
cjal-9190	264	4	fund	fund	NOUN
cjal-9190	264	5	law	law	NOUN
cjal-9190	264	6	of	of	ADP
cjal-9190	264	7	the	the	DET
cjal-9190	264	8	people	people	NOUN
cjal-9190	264	9	's	's	PART
cjal-9190	264	10	republic	republic	NOUN
cjal-9190	264	11	of	of	ADP
cjal-9190	264	12	china	china	PROPN
cjal-9190	264	13	]	]	PUNCT
cjal-9190	264	14	(	(	PUNCT
cjal-9190	264	15	promulgated	promulgate	VERB
cjal-9190	264	16	by	by	ADP
cjal-9190	264	17	the	the	DET
cjal-9190	264	18	standing	standing	NOUN
cjal-9190	264	19	comm	comm	NOUN
cjal-9190	264	20	.	.	PUNCT
cjal-9190	265	1	nat'l	nat'l	NOUN
cjal-9190	265	2	people	people	NOUN
cjal-9190	265	3	's	's	PART
cjal-9190	265	4	cong	cong	NOUN
cjal-9190	265	5	.	.	PROPN
cjal-9190	265	6	,	,	PUNCT
cjal-9190	265	7	oct	oct	PROPN
cjal-9190	265	8	.	.	PROPN
cjal-9190	265	9	28	28	NUM
cjal-9190	265	10	,	,	PUNCT
cjal-9190	265	11	2003	2003	NUM
cjal-9190	265	12	,	,	PUNCT
cjal-9190	265	13	rev'd	rev'd	VERB
cjal-9190	265	14	dec	dec	PROPN
cjal-9190	265	15	.	.	PROPN
cjal-9190	265	16	12	12	NUM
cjal-9190	265	17	,	,	PUNCT
cjal-9190	265	18	2012	2012	NUM
cjal-9190	265	19	,	,	PUNCT
cjal-9190	265	20	effective	effective	ADJ
cjal-9190	265	21	june	june	PROPN
cjal-9190	265	22	1	1	NUM
cjal-9190	265	23	,	,	PUNCT
cjal-9190	265	24	2013	2013	NUM
cjal-9190	265	25	)	)	PUNCT
cjal-9190	265	26	,	,	PUNCT
cjal-9190	265	27	available	available	ADJ
cjal-9190	265	28	at	at	ADP
cjal-9190	265	29	http://www.csrc.gov.cn/pub/csrc_en/laws/rfdm/statelaws/201303/t20130328_22282	http://www.csrc.gov.cn/pub/csrc_en/laws/rfdm/statelaws/201303/t20130328_22282	NOUN
cjal-9190	265	30	0.html	0.html	NUM
cjal-9190	265	31	.	.	PROPN
cjal-9190	265	32	67	67	NUM
cjal-9190	265	33	before	before	ADP
cjal-9190	265	34	2005	2005	NUM
cjal-9190	265	35	,	,	PUNCT
cjal-9190	265	36	the	the	DET
cjal-9190	265	37	subscription	subscription	NOUN
cjal-9190	265	38	of	of	ADP
cjal-9190	265	39	these	these	DET
cjal-9190	265	40	public	public	ADJ
cjal-9190	265	41	offering	offering	NOUN
cjal-9190	265	42	funds	fund	NOUN
cjal-9190	265	43	relied	rely	VERB
cjal-9190	265	44	on	on	ADP
cjal-9190	265	45	a	a	DET
cjal-9190	265	46	policy	policy	NOUN
cjal-9190	265	47	of	of	ADP
cjal-9190	265	48	apportionment	apportionment	NOUN
cjal-9190	265	49	,	,	PUNCT
cjal-9190	265	50	where	where	SCONJ
cjal-9190	265	51	banks	bank	NOUN
cjal-9190	265	52	often	often	ADV
cjal-9190	265	53	required	require	VERB
cjal-9190	265	54	employees	employee	NOUN
cjal-9190	265	55	to	to	PART
cjal-9190	265	56	subscribe	subscribe	VERB
cjal-9190	265	57	to	to	ADP
cjal-9190	265	58	funds	fund	NOUN
cjal-9190	265	59	proportional	proportional	ADJ
cjal-9190	265	60	to	to	ADP
cjal-9190	265	61	their	their	PRON
cjal-9190	265	62	top	top	ADJ
cjal-9190	265	63	-	-	PUNCT
cjal-9190	265	64	down	down	ADP
cjal-9190	265	65	allocations	allocation	NOUN
cjal-9190	265	66	.	.	PUNCT
cjal-9190	266	1	after	after	ADP
cjal-9190	266	2	2006	2006	NUM
cjal-9190	266	3	,	,	PUNCT
cjal-9190	266	4	the	the	DET
cjal-9190	266	5	stock	stock	NOUN
cjal-9190	266	6	market	market	NOUN
cjal-9190	266	7	began	begin	VERB
cjal-9190	266	8	to	to	PART
cjal-9190	266	9	strengthen	strengthen	VERB
cjal-9190	266	10	and	and	CCONJ
cjal-9190	266	11	securities	security	NOUN
cjal-9190	266	12	fund	fund	NOUN
cjal-9190	266	13	investment	investment	NOUN
cjal-9190	266	14	became	become	VERB
cjal-9190	266	15	a	a	DET
cjal-9190	266	16	successful	successful	ADJ
cjal-9190	266	17	way	way	NOUN
cjal-9190	266	18	of	of	ADP
cjal-9190	266	19	making	make	VERB
cjal-9190	266	20	money	money	NOUN
cjal-9190	266	21	.	.	PUNCT
cjal-9190	267	1	as	as	ADP
cjal-9190	267	2	a	a	DET
cjal-9190	267	3	result	result	NOUN
cjal-9190	267	4	,	,	PUNCT
cjal-9190	267	5	investors	investor	NOUN
cjal-9190	267	6	began	begin	VERB
cjal-9190	267	7	to	to	PART
cjal-9190	267	8	treat	treat	VERB
cjal-9190	267	9	these	these	DET
cjal-9190	267	10	funds	fund	NOUN
cjal-9190	267	11	differently	differently	ADV
cjal-9190	267	12	and	and	CCONJ
cjal-9190	267	13	more	more	ADJ
cjal-9190	267	14	investors	investor	NOUN
cjal-9190	267	15	began	begin	VERB
cjal-9190	267	16	to	to	PART
cjal-9190	267	17	subscribe	subscribe	VERB
cjal-9190	267	18	to	to	ADP
cjal-9190	267	19	the	the	DET
cjal-9190	267	20	fund	fund	NOUN
cjal-9190	267	21	on	on	ADP
cjal-9190	267	22	a	a	DET
cjal-9190	267	23	pro	pro	ADJ
cjal-9190	267	24	rata	rata	ADJ
cjal-9190	267	25	basis	basis	NOUN
cjal-9190	267	26	.	.	PUNCT
cjal-9190	268	1	with	with	ADP
cjal-9190	268	2	the	the	DET
cjal-9190	268	3	continued	continue	VERB
cjal-9190	268	4	unilateral	unilateral	ADJ
cjal-9190	268	5	rise	rise	NOUN
cjal-9190	268	6	in	in	ADP
cjal-9190	268	7	the	the	DET
cjal-9190	268	8	stock	stock	NOUN
cjal-9190	268	9	market	market	NOUN
cjal-9190	268	10	in	in	ADP
cjal-9190	268	11	2007	2007	NUM
cjal-9190	268	12	,	,	PUNCT
cjal-9190	268	13	the	the	DET
cjal-9190	268	14	size	size	NOUN
cjal-9190	268	15	of	of	ADP
cjal-9190	268	16	the	the	DET
cjal-9190	268	17	public	public	ADJ
cjal-9190	268	18	offering	offering	NOUN
cjal-9190	268	19	fund	fund	NOUN
cjal-9190	268	20	industry	industry	NOUN
cjal-9190	268	21	proliferated	proliferate	VERB
cjal-9190	268	22	,	,	PUNCT
cjal-9190	268	23	peaking	peak	VERB
cjal-9190	268	24	at	at	ADP
cjal-9190	268	25	rmb	rmb	PROPN
cjal-9190	268	26	3.2	3.2	NUM
cjal-9190	268	27	trillion	trillion	NUM
cjal-9190	268	28	.	.	PUNCT
cjal-9190	269	1	see	see	VERB
cjal-9190	269	2	liu	liu	PROPN
cjal-9190	269	3	xuefei	xuefei	PROPN
cjal-9190	269	4	(	(	PUNCT
cjal-9190	269	5	刘雪菲	刘雪菲	PROPN
cjal-9190	269	6	)	)	PUNCT
cjal-9190	269	7	,	,	PUNCT
cjal-9190	269	8	research	research	NOUN
cjal-9190	269	9	on	on	ADP
cjal-9190	269	10	the	the	DET
cjal-9190	269	11	development	development	NOUN
cjal-9190	269	12	strategy	strategy	NOUN
cjal-9190	269	13	of	of	ADP
cjal-9190	269	14	china	china	PROPN
cjal-9190	269	15	's	's	PART
cjal-9190	269	16	public	public	ADJ
cjal-9190	269	17	equity	equity	NOUN
cjal-9190	269	18	fund	fund	NOUN
cjal-9190	269	19	industry	industry	NOUN
cjal-9190	269	20	in	in	ADP
cjal-9190	269	21	2018	2018	NUM
cjal-9190	269	22	:	:	PUNCT
cjal-9190	269	23	competing	compete	VERB
cjal-9190	269	24	for	for	ADP
cjal-9190	269	25	big	big	ADJ
cjal-9190	269	26	asset	asset	NOUN
cjal-9190	269	27	management	management	NOUN
cjal-9190	269	28	,	,	PUNCT
cjal-9190	269	29	looking	look	VERB
cjal-9190	269	30	for	for	ADP
cjal-9190	269	31	crisis	crisis	NOUN
cjal-9190	269	32	and	and	CCONJ
cjal-9190	269	33	opportunities	opportunity	NOUN
cjal-9190	269	34	(	(	PUNCT
cjal-9190	269	35	2018	2018	NUM
cjal-9190	269	36	年中国公募基金行业发	年中国公募基金行业发	NOUN
cjal-9190	269	37	展战略研究：逐鹿大资管，寻基金的危与机	展战略研究：逐鹿大资管，寻基金的危与机	PROPN
cjal-9190	269	38	)	)	PUNCT
cjal-9190	269	39	,	,	PUNCT
cjal-9190	269	40	sohu.com	sohu.com	X
cjal-9190	269	41	(	(	PUNCT
cjal-9190	269	42	july	july	PROPN
cjal-9190	269	43	10	10	NUM
cjal-9190	269	44	,	,	PUNCT
cjal-9190	269	45	2018	2018	NUM
cjal-9190	269	46	,	,	PUNCT
cjal-9190	269	47	4.27	4.27	NUM
cjal-9190	269	48	pm	pm	NOUN
cjal-9190	269	49	)	)	PUNCT
cjal-9190	269	50	,	,	PUNCT
cjal-9190	269	51	https://www.sohu.com/a/240329974_313170	https://www.sohu.com/a/240329974_313170	PROPN
cjal-9190	269	52	.	.	PROPN
cjal-9190	269	53	68	68	NUM
cjal-9190	269	54	the	the	DET
cjal-9190	269	55	first	first	ADJ
cjal-9190	269	56	chinese	chinese	ADJ
cjal-9190	269	57	index	index	NOUN
cjal-9190	269	58	fund	fund	NOUN
cjal-9190	269	59	was	be	AUX
cjal-9190	269	60	set	set	VERB
cjal-9190	269	61	up	up	ADP
cjal-9190	269	62	in	in	ADP
cjal-9190	269	63	january	january	PROPN
cjal-9190	269	64	2003	2003	NUM
cjal-9190	269	65	,	,	PUNCT
cjal-9190	269	66	see	see	VERB
cjal-9190	269	67	how	how	SCONJ
cjal-9190	269	68	to	to	PART
cjal-9190	269	69	select	select	VERB
cjal-9190	269	70	index	index	NOUN
cjal-9190	269	71	fund	fund	NOUN
cjal-9190	269	72	(	(	PUNCT
cjal-9190	269	73	指数基金如何选	指数基金如何选	NOUN
cjal-9190	269	74	?	?	PUNCT
cjal-9190	269	75	)	)	PUNCT
cjal-9190	269	76	,	,	PUNCT
cjal-9190	269	77	economic	economic	ADJ
cjal-9190	269	78	daily	daily	NOUN
cjal-9190	269	79	(	(	PUNCT
cjal-9190	269	80	nov	nov	PROPN
cjal-9190	269	81	.	.	PROPN
cjal-9190	269	82	22	22	NUM
cjal-9190	269	83	,	,	PUNCT
cjal-9190	269	84	2019	2019	NUM
cjal-9190	269	85	,	,	PUNCT
cjal-9190	269	86	6:04	6:04	NUM
cjal-9190	269	87	am	am	NOUN
cjal-9190	269	88	)	)	PUNCT
cjal-9190	269	89	,	,	PUNCT
cjal-9190	269	90	https://finance.sina.com.cn/roll/2019-11-22/dociihnzahi2509827.shtml?source=cj&dv=	https://finance.sina.com.cn/roll/2019-11-22/dociihnzahi2509827.shtml?source=cj&dv=	PROPN
cjal-9190	269	91	;	;	PUNCT
cjal-9190	269	92	the	the	DET
cjal-9190	269	93	first	first	ADJ
cjal-9190	269	94	chinese	chinese	ADJ
cjal-9190	269	95	hedge	hedge	NOUN
cjal-9190	269	96	fund	fund	NOUN
cjal-9190	269	97	was	be	AUX
cjal-9190	269	98	launched	launch	VERB
cjal-9190	269	99	in	in	ADP
cjal-9190	269	100	september	september	PROPN
cjal-9190	269	101	2010	2010	NUM
cjal-9190	269	102	,	,	PUNCT
cjal-9190	269	103	see	see	VERB
cjal-9190	269	104	first	first	ADJ
cjal-9190	269	105	domestic	domestic	ADJ
cjal-9190	269	106	hedge	hedge	NOUN
cjal-9190	269	107	fund	fund	NOUN
cjal-9190	269	108	was	be	AUX
cjal-9190	269	109	launched	launch	VERB
cjal-9190	269	110	(	(	PUNCT
cjal-9190	269	111	国内首只对冲	国内首只对冲	NOUN
cjal-9190	269	112	基金产品面世	基金产品面世	PROPN
cjal-9190	269	113	易方达基金拨头筹	易方达基金拨头筹	NOUN
cjal-9190	269	114	)	)	PUNCT
cjal-9190	269	115	,	,	PUNCT
cjal-9190	269	116	renmin	renmin	PROPN
cjal-9190	269	117	daily	daily	PROPN
cjal-9190	269	118	(	(	PUNCT
cjal-9190	269	119	sept	sept	PROPN
cjal-9190	269	120	.	.	PROPN
cjal-9190	269	121	2	2	NUM
cjal-9190	269	122	,	,	PUNCT
cjal-9190	269	123	2010	2010	NUM
cjal-9190	269	124	,	,	PUNCT
cjal-9190	269	125	3.13	3.13	NUM
cjal-9190	269	126	am	am	NOUN
cjal-9190	269	127	)	)	PUNCT
cjal-9190	269	128	,	,	PUNCT
cjal-9190	269	129	https://finance.qq.com/a/20100902/001842.html	https://finance.qq.com/a/20100902/001842.html	X
cjal-9190	269	130	.	.	NOUN
cjal-9190	269	131	2022	2022	NUM
cjal-9190	269	132	]	]	PUNCT
cjal-9190	269	133	columbia	columbia	PROPN
cjal-9190	269	134	journal	journal	PROPN
cjal-9190	269	135	of	of	ADP
cjal-9190	269	136	asian	asian	ADJ
cjal-9190	269	137	law	law	NOUN
cjal-9190	269	138	97	97	NUM
cjal-9190	269	139	institutions	institution	NOUN
cjal-9190	269	140	69	69	NUM
cjal-9190	269	141	placed	place	VERB
cjal-9190	269	142	the	the	DET
cjal-9190	269	143	regulation	regulation	NOUN
cjal-9190	269	144	of	of	ADP
cjal-9190	269	145	sifs	sif	NOUN
cjal-9190	269	146	under	under	ADP
cjal-9190	269	147	the	the	DET
cjal-9190	269	148	unified	unified	ADJ
cjal-9190	269	149	supervision	supervision	NOUN
cjal-9190	269	150	of	of	ADP
cjal-9190	269	151	the	the	DET
cjal-9190	269	152	pboc	pboc	NOUN
cjal-9190	269	153	,	,	PUNCT
cjal-9190	269	154	the	the	DET
cjal-9190	269	155	china	china	PROPN
cjal-9190	269	156	banking	banking	PROPN
cjal-9190	269	157	and	and	CCONJ
cjal-9190	269	158	insurance	insurance	PROPN
cjal-9190	269	159	regulatory	regulatory	ADJ
cjal-9190	269	160	commission	commission	NOUN
cjal-9190	269	161	(	(	PUNCT
cjal-9190	269	162	cbirc	cbirc	NOUN
cjal-9190	269	163	)	)	PUNCT
cjal-9190	269	164	,	,	PUNCT
cjal-9190	269	165	and	and	CCONJ
cjal-9190	269	166	the	the	DET
cjal-9190	269	167	csrc.70	csrc.70	PROPN
cjal-9190	269	168	as	as	ADP
cjal-9190	269	169	of	of	ADP
cjal-9190	269	170	2019	2019	NUM
cjal-9190	269	171	,	,	PUNCT
cjal-9190	269	172	china	china	PROPN
cjal-9190	269	173	had	have	VERB
cjal-9190	269	174	a	a	DET
cjal-9190	269	175	total	total	NOUN
cjal-9190	269	176	of	of	ADP
cjal-9190	269	177	6084	6084	NUM
cjal-9190	269	178	public	public	ADJ
cjal-9190	269	179	offering	offering	NOUN
cjal-9190	269	180	funds	fund	NOUN
cjal-9190	269	181	with	with	ADP
cjal-9190	269	182	a	a	DET
cjal-9190	269	183	total	total	ADJ
cjal-9190	269	184	value	value	NOUN
cjal-9190	269	185	of	of	ADP
cjal-9190	269	186	rmb	rmb	PROPN
cjal-9190	269	187	14.66	14.66	NUM
cjal-9190	269	188	trillion	trillion	NUM
cjal-9190	269	189	—	—	PUNCT
cjal-9190	269	190	representing	represent	VERB
cjal-9190	269	191	over	over	ADP
cjal-9190	269	192	a	a	DET
cjal-9190	269	193	tenfold	tenfold	ADJ
cjal-9190	269	194	increase	increase	NOUN
cjal-9190	269	195	in	in	ADP
cjal-9190	269	196	the	the	DET
cjal-9190	269	197	number	number	NOUN
cjal-9190	269	198	of	of	ADP
cjal-9190	269	199	funds	fund	NOUN
cjal-9190	269	200	a	a	DET
cjal-9190	269	201	decade	decade	NOUN
cjal-9190	269	202	earlier	early	ADV
cjal-9190	269	203	and	and	CCONJ
cjal-9190	269	204	,	,	PUNCT
cjal-9190	269	205	in	in	ADP
cjal-9190	269	206	2020	2020	NUM
cjal-9190	269	207	,	,	PUNCT
cjal-9190	269	208	there	there	PRON
cjal-9190	269	209	were	be	VERB
cjal-9190	269	210	143	143	NUM
cjal-9190	269	211	fund	fund	NOUN
cjal-9190	269	212	management	management	NOUN
cjal-9190	269	213	companies	company	NOUN
cjal-9190	269	214	in	in	ADP
cjal-9190	269	215	china.71	china.71	PROPN
cjal-9190	269	216	despite	despite	SCONJ
cjal-9190	269	217	this	this	DET
cjal-9190	269	218	rapid	rapid	ADJ
cjal-9190	269	219	growth	growth	NOUN
cjal-9190	269	220	over	over	ADP
cjal-9190	269	221	the	the	DET
cjal-9190	269	222	past	past	ADJ
cjal-9190	269	223	decade	decade	NOUN
cjal-9190	269	224	in	in	ADP
cjal-9190	269	225	absolute	absolute	ADJ
cjal-9190	269	226	terms	term	NOUN
cjal-9190	269	227	,	,	PUNCT
cjal-9190	269	228	the	the	DET
cjal-9190	269	229	percentage	percentage	NOUN
cjal-9190	269	230	of	of	ADP
cjal-9190	269	231	market	market	NOUN
cjal-9190	269	232	capitalization	capitalization	NOUN
cjal-9190	269	233	and	and	CCONJ
cjal-9190	269	234	free	free	ADJ
cjal-9190	269	235	-	-	PUNCT
cjal-9190	269	236	float	float	NOUN
cjal-9190	269	237	of	of	ADP
cjal-9190	269	238	the	the	DET
cjal-9190	269	239	a	a	DET
cjal-9190	269	240	-	-	PUNCT
cjal-9190	269	241	shares	share	NOUN
cjal-9190	269	242	market	market	NOUN
cjal-9190	269	243	controlled	control	VERB
cjal-9190	269	244	by	by	ADP
cjal-9190	269	245	sifs	sifs	PROPN
cjal-9190	269	246	has	have	AUX
cjal-9190	269	247	declined	decline	VERB
cjal-9190	269	248	(	(	PUNCT
cjal-9190	269	249	see	see	VERB
cjal-9190	269	250	above	above	ADV
cjal-9190	269	251	,	,	PUNCT
cjal-9190	269	252	chart	chart	NOUN
cjal-9190	269	253	1	1	NUM
cjal-9190	269	254	and	and	CCONJ
cjal-9190	269	255	chart	chart	NOUN
cjal-9190	269	256	2	2	NUM
cjal-9190	269	257	)	)	PUNCT
cjal-9190	269	258	and	and	CCONJ
cjal-9190	269	259	now	now	ADV
cjal-9190	269	260	stands	stand	VERB
cjal-9190	269	261	at	at	ADP
cjal-9190	269	262	2.5	2.5	NUM
cjal-9190	269	263	%	%	NOUN
cjal-9190	269	264	and	and	CCONJ
cjal-9190	269	265	6.3	6.3	NUM
cjal-9190	269	266	%	%	NOUN
cjal-9190	269	267	respectively	respectively	ADV
cjal-9190	269	268	.	.	PUNCT
cjal-9190	270	1	this	this	PRON
cjal-9190	270	2	is	be	AUX
cjal-9190	270	3	due	due	ADJ
cjal-9190	270	4	to	to	ADP
cjal-9190	270	5	the	the	DET
cjal-9190	270	6	entry	entry	NOUN
cjal-9190	270	7	of	of	ADP
cjal-9190	270	8	other	other	ADJ
cjal-9190	270	9	types	type	NOUN
cjal-9190	270	10	of	of	ADP
cjal-9190	270	11	institutional	institutional	ADJ
cjal-9190	270	12	investors	investor	NOUN
cjal-9190	270	13	into	into	ADP
cjal-9190	270	14	the	the	DET
cjal-9190	270	15	market	market	NOUN
cjal-9190	270	16	and	and	CCONJ
cjal-9190	270	17	the	the	DET
cjal-9190	270	18	even	even	ADV
cjal-9190	270	19	more	more	ADV
cjal-9190	270	20	explosive	explosive	ADJ
cjal-9190	270	21	growth	growth	NOUN
cjal-9190	270	22	in	in	ADP
cjal-9190	270	23	the	the	DET
cjal-9190	270	24	capitalization	capitalization	NOUN
cjal-9190	270	25	of	of	ADP
cjal-9190	270	26	the	the	DET
cjal-9190	270	27	a	a	DET
cjal-9190	270	28	-	-	PUNCT
cjal-9190	270	29	shares	share	NOUN
cjal-9190	270	30	market	market	NOUN
cjal-9190	270	31	as	as	ADP
cjal-9190	270	32	a	a	DET
cjal-9190	270	33	whole	whole	NOUN
cjal-9190	270	34	,	,	PUNCT
cjal-9190	270	35	which	which	PRON
cjal-9190	270	36	we	we	PRON
cjal-9190	270	37	will	will	AUX
cjal-9190	270	38	now	now	ADV
cjal-9190	270	39	describe	describe	VERB
cjal-9190	270	40	.	.	PUNCT
cjal-9190	271	1	the	the	DET
cjal-9190	271	2	second	second	ADJ
cjal-9190	271	3	major	major	ADJ
cjal-9190	271	4	type	type	NOUN
cjal-9190	271	5	of	of	ADP
cjal-9190	271	6	domestic	domestic	ADJ
cjal-9190	271	7	institutional	institutional	ADJ
cjal-9190	271	8	investor	investor	NOUN
cjal-9190	271	9	to	to	PART
cjal-9190	271	10	enter	enter	VERB
cjal-9190	271	11	the	the	DET
cjal-9190	271	12	chinese	chinese	ADJ
cjal-9190	271	13	a	a	DET
cjal-9190	271	14	-	-	PUNCT
cjal-9190	271	15	shares	share	NOUN
cjal-9190	271	16	market	market	NOUN
cjal-9190	271	17	was	be	AUX
cjal-9190	271	18	insurance	insurance	NOUN
cjal-9190	271	19	companies.72	companies.72	NOUN
cjal-9190	271	20	in	in	ADP
cjal-9190	271	21	1980	1980	NUM
cjal-9190	271	22	,	,	PUNCT
cjal-9190	271	23	china	china	PROPN
cjal-9190	271	24	’s	’s	PART
cjal-9190	271	25	domestic	domestic	ADJ
cjal-9190	271	26	insurance	insurance	NOUN
cjal-9190	271	27	business	business	NOUN
cjal-9190	271	28	resumed	resume	VERB
cjal-9190	271	29	and	and	CCONJ
cjal-9190	271	30	the	the	DET
cjal-9190	271	31	management	management	NOUN
cjal-9190	271	32	of	of	ADP
cjal-9190	271	33	insurance	insurance	NOUN
cjal-9190	271	34	funds	fund	NOUN
cjal-9190	271	35	progressed	progress	VERB
cjal-9190	271	36	substantially	substantially	ADV
cjal-9190	271	37	after	after	ADP
cjal-9190	271	38	the	the	DET
cjal-9190	271	39	open	open	ADJ
cjal-9190	271	40	-	-	PUNCT
cjal-9190	271	41	door	door	NOUN
cjal-9190	271	42	and	and	CCONJ
cjal-9190	271	43	economic	economic	ADJ
cjal-9190	271	44	reform	reform	NOUN
cjal-9190	271	45	policies	policy	NOUN
cjal-9190	271	46	.	.	PUNCT
cjal-9190	272	1	73	73	NUM
cjal-9190	272	2	in	in	ADP
cjal-9190	272	3	2004	2004	NUM
cjal-9190	272	4	,	,	PUNCT
cjal-9190	272	5	the	the	DET
cjal-9190	272	6	china	china	PROPN
cjal-9190	272	7	69	69	NUM
cjal-9190	272	8	guanyu	guanyu	PROPN
cjal-9190	272	9	guifan	guifan	PROPN
cjal-9190	272	10	jinrong	jinrong	PROPN
cjal-9190	272	11	jigou	jigou	PROPN
cjal-9190	272	12	zichan	zichan	PROPN
cjal-9190	272	13	guanli	guanli	PROPN
cjal-9190	272	14	yewu	yewu	PROPN
cjal-9190	272	15	de	de	PROPN
cjal-9190	272	16	zhidao	zhidao	PROPN
cjal-9190	272	17	yijian	yijian	PROPN
cjal-9190	272	18	(	(	PUNCT
cjal-9190	272	19	关于规范	关于规范	PROPN
cjal-9190	272	20	金融机构资产管理业务的指导意见	金融机构资产管理业务的指导意见	PROPN
cjal-9190	272	21	)	)	PUNCT
cjal-9190	273	1	[	[	X
cjal-9190	273	2	guiding	guide	VERB
cjal-9190	273	3	opinions	opinion	NOUN
cjal-9190	273	4	of	of	ADP
cjal-9190	273	5	the	the	DET
cjal-9190	273	6	people	people	NOUN
cjal-9190	273	7	's	's	PART
cjal-9190	273	8	bank	bank	PROPN
cjal-9190	273	9	of	of	ADP
cjal-9190	273	10	china	china	PROPN
cjal-9190	273	11	,	,	PUNCT
cjal-9190	273	12	the	the	DET
cjal-9190	273	13	china	china	PROPN
cjal-9190	273	14	banking	banking	PROPN
cjal-9190	273	15	and	and	CCONJ
cjal-9190	273	16	insurance	insurance	PROPN
cjal-9190	273	17	regulatory	regulatory	ADJ
cjal-9190	273	18	commission	commission	NOUN
cjal-9190	273	19	,	,	PUNCT
cjal-9190	273	20	the	the	DET
cjal-9190	273	21	china	china	PROPN
cjal-9190	273	22	securities	securities	PROPN
cjal-9190	273	23	regulatory	regulatory	PROPN
cjal-9190	273	24	commission	commission	PROPN
cjal-9190	273	25	,	,	PUNCT
cjal-9190	273	26	and	and	CCONJ
cjal-9190	273	27	the	the	DET
cjal-9190	273	28	state	state	NOUN
cjal-9190	273	29	administration	administration	NOUN
cjal-9190	273	30	of	of	ADP
cjal-9190	273	31	foreign	foreign	ADJ
cjal-9190	273	32	exchange	exchange	NOUN
cjal-9190	273	33	on	on	ADP
cjal-9190	273	34	regulating	regulate	VERB
cjal-9190	273	35	the	the	DET
cjal-9190	273	36	asset	asset	NOUN
cjal-9190	273	37	management	management	NOUN
cjal-9190	273	38	business	business	NOUN
cjal-9190	273	39	of	of	ADP
cjal-9190	273	40	financial	financial	ADJ
cjal-9190	273	41	institutions	institution	NOUN
cjal-9190	273	42	]	]	PUNCT
cjal-9190	273	43	(	(	PUNCT
cjal-9190	273	44	promulgated	promulgate	VERB
cjal-9190	273	45	by	by	ADP
cjal-9190	273	46	people	people	NOUN
cjal-9190	273	47	’s	’s	PART
cjal-9190	273	48	bank	bank	PROPN
cjal-9190	273	49	of	of	ADP
cjal-9190	273	50	china	china	PROPN
cjal-9190	273	51	,	,	PUNCT
cjal-9190	273	52	apr	apr	PROPN
cjal-9190	273	53	.	.	PROPN
cjal-9190	273	54	27	27	NUM
cjal-9190	273	55	,	,	PUNCT
cjal-9190	273	56	2018	2018	NUM
cjal-9190	273	57	)	)	PUNCT
cjal-9190	273	58	,	,	PUNCT
cjal-9190	273	59	available	available	ADJ
cjal-9190	273	60	at	at	ADP
cjal-9190	273	61	http://www.pbc.gov.cn/en/3688006/index.html	http://www.pbc.gov.cn/en/3688006/index.html	PROPN
cjal-9190	273	62	.	.	PUNCT
cjal-9190	274	1	70	70	NUM
cjal-9190	274	2	see	see	VERB
cjal-9190	274	3	liu	liu	PROPN
cjal-9190	274	4	,	,	PUNCT
cjal-9190	274	5	supra	supra	PROPN
cjal-9190	274	6	note	note	NOUN
cjal-9190	274	7	67	67	NUM
cjal-9190	274	8	.	.	PUNCT
cjal-9190	275	1	71	71	NUM
cjal-9190	275	2	asset	asset	NOUN
cjal-9190	275	3	management	management	NOUN
cjal-9190	275	4	association	association	NOUN
cjal-9190	275	5	of	of	ADP
cjal-9190	275	6	china	china	PROPN
cjal-9190	275	7	,	,	PUNCT
cjal-9190	275	8	public	public	ADJ
cjal-9190	275	9	fund	fund	NOUN
cjal-9190	275	10	industry	industry	NOUN
cjal-9190	275	11	data	datum	NOUN
cjal-9190	275	12	(	(	PUNCT
cjal-9190	275	13	公募基金	公募基金	PROPN
cjal-9190	275	14	行	行	PROPN
cjal-9190	275	15	业	业	NOUN
cjal-9190	275	16	数	数	X
cjal-9190	275	17	据	据	PROPN
cjal-9190	275	18	)	)	PUNCT
cjal-9190	275	19	,	,	PUNCT
cjal-9190	275	20	http://www.amac.org.cn/researchstatistics/datastatistics/mutualfundindustrydata/.	http://www.amac.org.cn/researchstatistics/datastatistics/mutualfundindustrydata/.	PROPN
cjal-9190	275	21	72	72	NUM
cjal-9190	275	22	the	the	DET
cjal-9190	275	23	three	three	NUM
cjal-9190	275	24	types	type	NOUN
cjal-9190	275	25	of	of	ADP
cjal-9190	275	26	funds	fund	NOUN
cjal-9190	275	27	that	that	PRON
cjal-9190	275	28	insurance	insurance	NOUN
cjal-9190	275	29	companies	company	NOUN
cjal-9190	275	30	have	have	AUX
cjal-9190	275	31	include	include	VERB
cjal-9190	275	32	:	:	PUNCT
cjal-9190	275	33	(	(	PUNCT
cjal-9190	275	34	1	1	X
cjal-9190	275	35	)	)	PUNCT
cjal-9190	275	36	the	the	DET
cjal-9190	275	37	“	"	PUNCT
cjal-9190	275	38	funds	fund	NOUN
cjal-9190	275	39	owned	own	VERB
cjal-9190	275	40	by	by	ADP
cjal-9190	275	41	an	an	DET
cjal-9190	275	42	insurance	insurance	NOUN
cjal-9190	275	43	company	company	NOUN
cjal-9190	275	44	”	"	PUNCT
cjal-9190	275	45	(	(	PUNCT
cjal-9190	275	46	保险公司自有资金	保险公司自有资金	NOUN
cjal-9190	275	47	)	)	PUNCT
cjal-9190	275	48	,	,	PUNCT
cjal-9190	275	49	which	which	PRON
cjal-9190	275	50	refers	refer	VERB
cjal-9190	275	51	to	to	ADP
cjal-9190	275	52	the	the	DET
cjal-9190	275	53	funds	fund	NOUN
cjal-9190	275	54	accumulated	accumulate	VERB
cjal-9190	275	55	through	through	ADP
cjal-9190	275	56	insurance	insurance	NOUN
cjal-9190	275	57	premiums	premium	NOUN
cjal-9190	275	58	paid	pay	VERB
cjal-9190	275	59	by	by	ADP
cjal-9190	275	60	the	the	DET
cjal-9190	275	61	insured	insure	VERB
cjal-9190	275	62	or	or	CCONJ
cjal-9190	275	63	the	the	DET
cjal-9190	275	64	policyholder	policyholder	NOUN
cjal-9190	275	65	as	as	ADV
cjal-9190	275	66	well	well	ADV
cjal-9190	275	67	as	as	ADP
cjal-9190	275	68	the	the	DET
cjal-9190	275	69	funds	fund	NOUN
cjal-9190	275	70	provided	provide	VERB
cjal-9190	275	71	by	by	ADP
cjal-9190	275	72	its	its	PRON
cjal-9190	275	73	investors	investor	NOUN
cjal-9190	275	74	during	during	ADP
cjal-9190	275	75	its	its	PRON
cjal-9190	275	76	establishment	establishment	NOUN
cjal-9190	275	77	;	;	PUNCT
cjal-9190	275	78	(	(	PUNCT
cjal-9190	275	79	2	2	X
cjal-9190	275	80	)	)	PUNCT
cjal-9190	275	81	“	"	PUNCT
cjal-9190	275	82	insurance	insurance	NOUN
cjal-9190	275	83	products	product	NOUN
cjal-9190	275	84	”	"	PUNCT
cjal-9190	275	85	(	(	PUNCT
cjal-9190	275	86	保险产品	保险产品	ADJ
cjal-9190	275	87	)	)	PUNCT
cjal-9190	275	88	,	,	PUNCT
cjal-9190	275	89	which	which	PRON
cjal-9190	275	90	refer	refer	VERB
cjal-9190	275	91	to	to	ADP
cjal-9190	275	92	the	the	DET
cjal-9190	275	93	financial	financial	ADJ
cjal-9190	275	94	instruments	instrument	NOUN
cjal-9190	275	95	,	,	PUNCT
cjal-9190	275	96	products	product	NOUN
cjal-9190	275	97	and	and	CCONJ
cjal-9190	275	98	services	service	NOUN
cjal-9190	275	99	provided	provide	VERB
cjal-9190	275	100	by	by	ADP
cjal-9190	275	101	insurance	insurance	NOUN
cjal-9190	275	102	companies	company	NOUN
cjal-9190	275	103	to	to	ADP
cjal-9190	275	104	their	their	PRON
cjal-9190	275	105	customers	customer	NOUN
cjal-9190	275	106	in	in	ADP
cjal-9190	275	107	the	the	DET
cjal-9190	275	108	insurance	insurance	NOUN
cjal-9190	275	109	market	market	NOUN
cjal-9190	275	110	;	;	PUNCT
cjal-9190	275	111	and	and	CCONJ
cjal-9190	275	112	,	,	PUNCT
cjal-9190	275	113	(	(	PUNCT
cjal-9190	275	114	3	3	X
cjal-9190	275	115	)	)	PUNCT
cjal-9190	275	116	“	"	PUNCT
cjal-9190	275	117	insurance	insurance	NOUN
cjal-9190	275	118	asset	asset	NOUN
cjal-9190	275	119	management	management	NOUN
cjal-9190	275	120	products	product	NOUN
cjal-9190	275	121	”	"	PUNCT
cjal-9190	275	122	(	(	PUNCT
cjal-9190	275	123	保险资管产品	保险资管产品	PROPN
cjal-9190	275	124	)	)	PUNCT
cjal-9190	275	125	which	which	PRON
cjal-9190	275	126	are	be	AUX
cjal-9190	275	127	financial	financial	ADJ
cjal-9190	275	128	products	product	NOUN
cjal-9190	275	129	that	that	PRON
cjal-9190	275	130	are	be	AUX
cjal-9190	275	131	not	not	PART
cjal-9190	275	132	for	for	ADP
cjal-9190	275	133	public	public	ADJ
cjal-9190	275	134	distribution	distribution	NOUN
cjal-9190	275	135	.	.	PUNCT
cjal-9190	276	1	the	the	DET
cjal-9190	276	2	insurance	insurance	NOUN
cjal-9190	276	3	company	company	NOUN
cjal-9190	276	4	issuing	issue	VERB
cjal-9190	276	5	asset	asset	NOUN
cjal-9190	276	6	management	management	NOUN
cjal-9190	276	7	products	product	NOUN
cjal-9190	276	8	may	may	AUX
cjal-9190	276	9	sell	sell	VERB
cjal-9190	276	10	them	they	PRON
cjal-9190	276	11	by	by	ADP
cjal-9190	276	12	themselves	themselves	PRON
cjal-9190	276	13	or	or	CCONJ
cjal-9190	276	14	entrust	entrust	VERB
cjal-9190	276	15	the	the	DET
cjal-9190	276	16	products	product	NOUN
cjal-9190	276	17	to	to	ADP
cjal-9190	276	18	other	other	ADJ
cjal-9190	276	19	institutions	institution	NOUN
cjal-9190	276	20	to	to	PART
cjal-9190	276	21	sell	sell	VERB
cjal-9190	276	22	them	they	PRON
cjal-9190	276	23	with	with	ADP
cjal-9190	276	24	a	a	DET
cjal-9190	276	25	commission	commission	NOUN
cjal-9190	276	26	.	.	PUNCT
cjal-9190	277	1	institutions	institution	NOUN
cjal-9190	277	2	allowed	allow	VERB
cjal-9190	277	3	to	to	PART
cjal-9190	277	4	sell	sell	VERB
cjal-9190	277	5	such	such	ADJ
cjal-9190	277	6	products	product	NOUN
cjal-9190	277	7	on	on	ADP
cjal-9190	277	8	behalf	behalf	NOUN
cjal-9190	277	9	of	of	ADP
cjal-9190	277	10	the	the	DET
cjal-9190	277	11	insurance	insurance	NOUN
cjal-9190	277	12	company	company	NOUN
cjal-9190	277	13	are	be	AUX
cjal-9190	277	14	financial	financial	ADJ
cjal-9190	277	15	institutions	institution	NOUN
cjal-9190	277	16	or	or	CCONJ
cjal-9190	277	17	institutions	institution	NOUN
cjal-9190	277	18	recognised	recognise	VERB
cjal-9190	277	19	by	by	ADP
cjal-9190	277	20	the	the	DET
cjal-9190	277	21	cbrc	cbrc	NOUN
cjal-9190	277	22	,	,	PUNCT
cjal-9190	277	23	such	such	ADJ
cjal-9190	277	24	as	as	ADP
cjal-9190	277	25	banks	bank	NOUN
cjal-9190	277	26	,	,	PUNCT
cjal-9190	277	27	insurance	insurance	NOUN
cjal-9190	277	28	companies	company	NOUN
cjal-9190	277	29	,	,	PUNCT
cjal-9190	277	30	securities	security	NOUN
cjal-9190	277	31	brokerages	brokerage	NOUN
cjal-9190	277	32	,	,	PUNCT
cjal-9190	277	33	trusts	trust	NOUN
cjal-9190	277	34	,	,	PUNCT
cjal-9190	277	35	etc	etc	X
cjal-9190	277	36	.	.	X
cjal-9190	277	37	73	73	NUM
cjal-9190	277	38	yang	yang	PROPN
cjal-9190	277	39	qianwen	qianwen	PROPN
cjal-9190	277	40	(	(	PUNCT
cjal-9190	277	41	杨倩雯	杨倩雯	NOUN
cjal-9190	277	42	)	)	PUNCT
cjal-9190	277	43	,	,	PUNCT
cjal-9190	277	44	70	70	NUM
cjal-9190	277	45	years	year	NOUN
cjal-9190	277	46	of	of	ADP
cjal-9190	277	47	insurance	insurance	NOUN
cjal-9190	277	48	in	in	ADP
cjal-9190	277	49	china	china	PROPN
cjal-9190	277	50	:	:	PUNCT
cjal-9190	277	51	from	from	ADP
cjal-9190	277	52	a	a	DET
cjal-9190	277	53	big	big	ADJ
cjal-9190	277	54	insurance	insurance	NOUN
cjal-9190	277	55	country	country	NOUN
cjal-9190	277	56	to	to	ADP
cjal-9190	277	57	a	a	DET
cjal-9190	277	58	strong	strong	ADJ
cjal-9190	277	59	insurance	insurance	NOUN
cjal-9190	277	60	country	country	NOUN
cjal-9190	277	61	(	(	PUNCT
cjal-9190	277	62	中国保险	中国保险	NOUN
cjal-9190	277	63	70	70	NUM
cjal-9190	277	64	年：从保险大国走向保险强	年：从保险大国走向保险强	PROPN
cjal-9190	277	65	国	国	X
cjal-9190	277	66	)	)	PUNCT
cjal-9190	277	67	,	,	PUNCT
cjal-9190	277	68	yicai	yicai	PROPN
cjal-9190	277	69	(	(	PUNCT
cjal-9190	277	70	aug	aug	PROPN
cjal-9190	277	71	.	.	PROPN
cjal-9190	277	72	15	15	NUM
cjal-9190	277	73	,	,	PUNCT
cjal-9190	277	74	2019	2019	NUM
cjal-9190	277	75	,	,	PUNCT
cjal-9190	277	76	9.01	9.01	NUM
cjal-9190	277	77	pm	pm	NOUN
cjal-9190	277	78	)	)	PUNCT
cjal-9190	277	79	,	,	PUNCT
cjal-9190	277	80	https://www.yicai.com/news/100297014.html	https://www.yicai.com/news/100297014.html	PROPN
cjal-9190	277	81	(	(	PUNCT
cjal-9190	277	82	last	last	ADV
cjal-9190	277	83	visited	visit	VERB
cjal-9190	277	84	nov	nov	PROPN
cjal-9190	277	85	.	.	PROPN
cjal-9190	277	86	24	24	NUM
cjal-9190	277	87	,	,	PUNCT
cjal-9190	277	88	2011	2011	NUM
cjal-9190	277	89	)	)	PUNCT
cjal-9190	277	90	.	.	PUNCT
cjal-9190	278	1	98	98	NUM
cjal-9190	278	2	institutional	institutional	ADJ
cjal-9190	278	3	investors	investor	NOUN
cjal-9190	278	4	in	in	ADP
cjal-9190	278	5	china	china	PROPN
cjal-9190	278	6	[	[	X
cjal-9190	278	7	vol	vol	NOUN
cjal-9190	278	8	.	.	PUNCT
cjal-9190	278	9	35	35	NUM
cjal-9190	278	10	:	:	SYM
cjal-9190	278	11	74	74	NUM
cjal-9190	278	12	insurance	insurance	NOUN
cjal-9190	278	13	regulatory	regulatory	ADJ
cjal-9190	278	14	commission	commission	NOUN
cjal-9190	278	15	(	(	PUNCT
cjal-9190	278	16	circ	circ	PROPN
cjal-9190	278	17	)	)	PUNCT
cjal-9190	278	18	gave	give	VERB
cjal-9190	278	19	the	the	DET
cjal-9190	278	20	greenlight	greenlight	NOUN
cjal-9190	278	21	to	to	PART
cjal-9190	278	22	insurance	insurance	NOUN
cjal-9190	278	23	companies	company	NOUN
cjal-9190	278	24	to	to	PART
cjal-9190	278	25	directly	directly	ADV
cjal-9190	278	26	invest	invest	VERB
cjal-9190	278	27	in	in	ADP
cjal-9190	278	28	the	the	DET
cjal-9190	278	29	stock	stock	NOUN
cjal-9190	278	30	market.74	market.74	NOUN
cjal-9190	278	31	initially	initially	ADV
cjal-9190	278	32	,	,	PUNCT
cjal-9190	278	33	insurance	insurance	NOUN
cjal-9190	278	34	companies	company	NOUN
cjal-9190	278	35	and	and	CCONJ
cjal-9190	278	36	their	their	PRON
cjal-9190	278	37	asset	asset	NOUN
cjal-9190	278	38	management	management	NOUN
cjal-9190	278	39	subsidiaries	subsidiary	NOUN
cjal-9190	278	40	could	could	AUX
cjal-9190	278	41	only	only	ADV
cjal-9190	278	42	invest	invest	VERB
cjal-9190	278	43	up	up	ADP
cjal-9190	278	44	to	to	PART
cjal-9190	278	45	5	5	NUM
cjal-9190	278	46	%	%	NOUN
cjal-9190	278	47	of	of	ADP
cjal-9190	278	48	their	their	PRON
cjal-9190	278	49	total	total	ADJ
cjal-9190	278	50	assets	asset	NOUN
cjal-9190	278	51	into	into	ADP
cjal-9190	278	52	the	the	DET
cjal-9190	278	53	a	a	DET
cjal-9190	278	54	-	-	PUNCT
cjal-9190	278	55	shares	share	NOUN
cjal-9190	278	56	market.75	market.75	NOUN
cjal-9190	278	57	despite	despite	SCONJ
cjal-9190	278	58	this	this	DET
cjal-9190	278	59	restriction	restriction	NOUN
cjal-9190	278	60	,	,	PUNCT
cjal-9190	278	61	as	as	SCONJ
cjal-9190	278	62	shown	show	VERB
cjal-9190	278	63	in	in	ADP
cjal-9190	278	64	chart	chart	NOUN
cjal-9190	278	65	1	1	NUM
cjal-9190	278	66	and	and	CCONJ
cjal-9190	278	67	chart	chart	NOUN
cjal-9190	278	68	2	2	NUM
cjal-9190	278	69	above	above	ADV
cjal-9190	278	70	,	,	PUNCT
cjal-9190	278	71	in	in	ADP
cjal-9190	278	72	2005	2005	NUM
cjal-9190	278	73	,	,	PUNCT
cjal-9190	278	74	insurance	insurance	NOUN
cjal-9190	278	75	companies	company	NOUN
cjal-9190	278	76	quickly	quickly	ADV
cjal-9190	278	77	came	come	VERB
cjal-9190	278	78	to	to	PART
cjal-9190	278	79	hold	hold	VERB
cjal-9190	278	80	4	4	NUM
cjal-9190	278	81	%	%	NOUN
cjal-9190	278	82	of	of	ADP
cjal-9190	278	83	the	the	DET
cjal-9190	278	84	market	market	NOUN
cjal-9190	278	85	capitalization	capitalization	NOUN
cjal-9190	278	86	and	and	CCONJ
cjal-9190	278	87	13.4	13.4	NUM
cjal-9190	278	88	%	%	NOUN
cjal-9190	278	89	of	of	ADP
cjal-9190	278	90	the	the	DET
cjal-9190	278	91	free	free	ADJ
cjal-9190	278	92	-	-	PUNCT
cjal-9190	278	93	float	float	NOUN
cjal-9190	278	94	of	of	ADP
cjal-9190	278	95	the	the	DET
cjal-9190	278	96	a	a	DET
cjal-9190	278	97	-	-	PUNCT
cjal-9190	278	98	shares	share	NOUN
cjal-9190	278	99	market	market	NOUN
cjal-9190	278	100	.	.	PUNCT
cjal-9190	279	1	in	in	ADP
cjal-9190	279	2	2009	2009	NUM
cjal-9190	279	3	,	,	PUNCT
cjal-9190	279	4	the	the	DET
cjal-9190	279	5	revised	revise	VERB
cjal-9190	279	6	insurance	insurance	NOUN
cjal-9190	279	7	law	law	NOUN
cjal-9190	279	8	expanded	expand	VERB
cjal-9190	279	9	the	the	DET
cjal-9190	279	10	scope	scope	NOUN
cjal-9190	279	11	of	of	ADP
cjal-9190	279	12	investments	investment	NOUN
cjal-9190	279	13	permitted	permit	VERB
cjal-9190	279	14	for	for	ADP
cjal-9190	279	15	insurance	insurance	NOUN
cjal-9190	279	16	companies	company	NOUN
cjal-9190	279	17	,	,	PUNCT
cjal-9190	279	18	which	which	PRON
cjal-9190	279	19	allowed	allow	VERB
cjal-9190	279	20	them	they	PRON
cjal-9190	279	21	to	to	PART
cjal-9190	279	22	indirectly	indirectly	ADV
cjal-9190	279	23	invest	invest	VERB
cjal-9190	279	24	in	in	ADP
cjal-9190	279	25	the	the	DET
cjal-9190	279	26	stock	stock	NOUN
cjal-9190	279	27	market	market	NOUN
cjal-9190	279	28	through	through	ADP
cjal-9190	279	29	sifs.76	sifs.76	PROPN
cjal-9190	279	30	in	in	ADP
cjal-9190	279	31	2014	2014	NUM
cjal-9190	279	32	,	,	PUNCT
cjal-9190	279	33	the	the	DET
cjal-9190	279	34	circ	circ	NOUN
cjal-9190	279	35	raised	raise	VERB
cjal-9190	279	36	the	the	DET
cjal-9190	279	37	limit	limit	NOUN
cjal-9190	279	38	of	of	ADP
cjal-9190	279	39	the	the	DET
cjal-9190	279	40	proportion	proportion	NOUN
cjal-9190	279	41	of	of	ADP
cjal-9190	279	42	the	the	DET
cjal-9190	279	43	assets	asset	NOUN
cjal-9190	279	44	that	that	PRON
cjal-9190	279	45	insurance	insurance	NOUN
cjal-9190	279	46	companies	company	NOUN
cjal-9190	279	47	could	could	AUX
cjal-9190	279	48	invest	invest	VERB
cjal-9190	279	49	in	in	ADP
cjal-9190	279	50	equities	equity	NOUN
cjal-9190	279	51	to	to	ADP
cjal-9190	279	52	30%.77	30%.77	NUM
cjal-9190	279	53	the	the	DET
cjal-9190	279	54	ccp	ccp	PROPN
cjal-9190	279	55	has	have	AUX
cjal-9190	279	56	actively	actively	ADV
cjal-9190	279	57	encouraged	encourage	VERB
cjal-9190	279	58	insurance	insurance	NOUN
cjal-9190	279	59	companies	company	NOUN
cjal-9190	279	60	to	to	PART
cjal-9190	279	61	increase	increase	VERB
cjal-9190	279	62	their	their	PRON
cjal-9190	279	63	investment	investment	NOUN
cjal-9190	279	64	in	in	ADP
cjal-9190	279	65	the	the	DET
cjal-9190	279	66	a	a	DET
cjal-9190	279	67	-	-	PUNCT
cjal-9190	279	68	shares	share	NOUN
cjal-9190	279	69	market	market	NOUN
cjal-9190	279	70	.	.	PUNCT
cjal-9190	280	1	in	in	ADP
cjal-9190	280	2	2018	2018	NUM
cjal-9190	280	3	,	,	PUNCT
cjal-9190	280	4	as	as	SCONJ
cjal-9190	280	5	shown	show	VERB
cjal-9190	280	6	in	in	ADP
cjal-9190	280	7	chart	chart	NOUN
cjal-9190	280	8	1	1	NUM
cjal-9190	280	9	and	and	CCONJ
cjal-9190	280	10	chart	chart	NOUN
cjal-9190	280	11	2	2	NUM
cjal-9190	280	12	above	above	ADV
cjal-9190	280	13	,	,	PUNCT
cjal-9190	280	14	3.5	3.5	NUM
cjal-9190	280	15	%	%	NOUN
cjal-9190	280	16	of	of	ADP
cjal-9190	280	17	the	the	DET
cjal-9190	280	18	capitalization	capitalization	NOUN
cjal-9190	280	19	and	and	CCONJ
cjal-9190	280	20	9.0	9.0	NUM
cjal-9190	280	21	%	%	NOUN
cjal-9190	280	22	of	of	ADP
cjal-9190	280	23	the	the	DET
cjal-9190	280	24	free	free	ADJ
cjal-9190	280	25	-	-	PUNCT
cjal-9190	280	26	float	float	NOUN
cjal-9190	280	27	of	of	ADP
cjal-9190	280	28	the	the	DET
cjal-9190	280	29	a	a	DET
cjal-9190	280	30	-	-	PUNCT
cjal-9190	280	31	shares	share	NOUN
cjal-9190	280	32	market	market	NOUN
cjal-9190	280	33	were	be	AUX
cjal-9190	280	34	owned	own	VERB
cjal-9190	280	35	by	by	ADP
cjal-9190	280	36	insurance	insurance	NOUN
cjal-9190	280	37	companies	company	NOUN
cjal-9190	280	38	.	.	PUNCT
cjal-9190	281	1	in	in	ADP
cjal-9190	281	2	2019	2019	NUM
cjal-9190	281	3	,	,	PUNCT
cjal-9190	281	4	the	the	DET
cjal-9190	281	5	premiums	premium	NOUN
cjal-9190	281	6	collected	collect	VERB
cjal-9190	281	7	by	by	ADP
cjal-9190	281	8	the	the	DET
cjal-9190	281	9	chinese	chinese	ADJ
cjal-9190	281	10	insurance	insurance	NOUN
cjal-9190	281	11	industry	industry	NOUN
cjal-9190	281	12	totaled	total	VERB
cjal-9190	281	13	rmb	rmb	PROPN
cjal-9190	281	14	4.26	4.26	NUM
cjal-9190	281	15	trillion	trillion	NUM
cjal-9190	281	16	,	,	PUNCT
cjal-9190	281	17	ranking	rank	VERB
cjal-9190	281	18	third	third	ADV
cjal-9190	281	19	in	in	ADP
cjal-9190	281	20	the	the	DET
cjal-9190	281	21	world	world	NOUN
cjal-9190	281	22	in	in	ADP
cjal-9190	281	23	terms	term	NOUN
cjal-9190	281	24	of	of	ADP
cjal-9190	281	25	their	their	PRON
cjal-9190	281	26	total	total	ADJ
cjal-9190	281	27	size	size	NOUN
cjal-9190	281	28	,	,	PUNCT
cjal-9190	281	29	after	after	SCONJ
cjal-9190	281	30	the	the	DET
cjal-9190	281	31	united	united	PROPN
cjal-9190	281	32	states	states	PROPN
cjal-9190	281	33	and	and	CCONJ
cjal-9190	281	34	japan.78	japan.78	VERB
cjal-9190	281	35	as	as	ADV
cjal-9190	281	36	less	less	ADJ
cjal-9190	281	37	than	than	ADP
cjal-9190	281	38	20	20	NUM
cjal-9190	281	39	%	%	NOUN
cjal-9190	281	40	of	of	ADP
cjal-9190	281	41	insurance	insurance	NOUN
cjal-9190	281	42	funds	fund	NOUN
cjal-9190	281	43	are	be	AUX
cjal-9190	281	44	currently	currently	ADV
cjal-9190	281	45	invested	invest	VERB
cjal-9190	281	46	in	in	ADP
cjal-9190	281	47	equities	equity	NOUN
cjal-9190	281	48	—	—	PUNCT
cjal-9190	281	49	and	and	CCONJ
cjal-9190	281	50	the	the	DET
cjal-9190	281	51	cap	cap	NOUN
cjal-9190	281	52	is	be	AUX
cjal-9190	281	53	74	74	NUM
cjal-9190	281	54	xu	xu	PROPN
cjal-9190	281	55	binglan	binglan	NOUN
cjal-9190	281	56	,	,	PUNCT
cjal-9190	281	57	insurance	insurance	NOUN
cjal-9190	281	58	firms	firm	NOUN
cjal-9190	281	59	get	get	VERB
cjal-9190	281	60	greenlight	greenlight	NOUN
cjal-9190	281	61	on	on	ADP
cjal-9190	281	62	stocks	stock	NOUN
cjal-9190	281	63	,	,	PUNCT
cjal-9190	281	64	china	china	PROPN
cjal-9190	281	65	daily	daily	PROPN
cjal-9190	281	66	(	(	PUNCT
cjal-9190	281	67	oct	oct	PROPN
cjal-9190	281	68	.	.	PROPN
cjal-9190	281	69	25	25	NUM
cjal-9190	281	70	,	,	PUNCT
cjal-9190	281	71	2004	2004	NUM
cjal-9190	281	72	)	)	PUNCT
cjal-9190	281	73	,	,	PUNCT
cjal-9190	281	74	http://www.chinadaily.com.cn/english/doc/2004-10/25/content_385567.htm	http://www.chinadaily.com.cn/english/doc/2004-10/25/content_385567.htm	PROPN
cjal-9190	281	75	.	.	PROPN
cjal-9190	282	1	75	75	NUM
cjal-9190	282	2	baoxian	baoxian	PROPN
cjal-9190	282	3	jigou	jigou	PROPN
cjal-9190	282	4	touzizhe	touzizhe	PROPN
cjal-9190	282	5	gupiao	gupiao	PROPN
cjal-9190	282	6	touzi	touzi	PROPN
cjal-9190	282	7	guanli	guanli	PROPN
cjal-9190	282	8	zanxing	zanxing	PROPN
cjal-9190	282	9	banfa	banfa	NOUN
cjal-9190	282	10	(	(	PUNCT
cjal-9190	282	11	保险机构投资者	保险机构投资者	ADP
cjal-9190	282	12	股票投资管理暂行办法	股票投资管理暂行办法	PROPN
cjal-9190	282	13	)	)	PUNCT
cjal-9190	283	1	[	[	X
cjal-9190	283	2	interim	interim	ADJ
cjal-9190	283	3	measures	measure	NOUN
cjal-9190	283	4	for	for	ADP
cjal-9190	283	5	the	the	DET
cjal-9190	283	6	administration	administration	NOUN
cjal-9190	283	7	of	of	ADP
cjal-9190	283	8	stock	stock	NOUN
cjal-9190	283	9	investment	investment	NOUN
cjal-9190	283	10	by	by	ADP
cjal-9190	283	11	insurance	insurance	NOUN
cjal-9190	283	12	institutional	institutional	ADJ
cjal-9190	283	13	investors	investor	NOUN
cjal-9190	283	14	]	]	PUNCT
cjal-9190	283	15	(	(	PUNCT
cjal-9190	283	16	promulgated	promulgate	VERB
cjal-9190	283	17	by	by	ADP
cjal-9190	283	18	circ	circ	PROPN
cjal-9190	283	19	and	and	CCONJ
cjal-9190	283	20	csrc	csrc	PROPN
cjal-9190	283	21	on	on	ADP
cjal-9190	283	22	oct	oct	PROPN
cjal-9190	283	23	.	.	PROPN
cjal-9190	283	24	24	24	NUM
cjal-9190	283	25	,	,	PUNCT
cjal-9190	283	26	2004	2004	NUM
cjal-9190	283	27	)	)	PUNCT
cjal-9190	283	28	,	,	PUNCT
cjal-9190	283	29	available	available	ADJ
cjal-9190	283	30	at	at	ADP
cjal-9190	283	31	http://www.csrc.gov.cn/pub/newsite/flb/flfg/bmgz/jjl/201012/t20101231_189868.ht	http://www.csrc.gov.cn/pub/newsite/flb/flfg/bmgz/jjl/201012/t20101231_189868.ht	PRON
cjal-9190	283	32	ml	ml	NOUN
cjal-9190	283	33	.	.	PROPN
cjal-9190	283	34	76	76	NUM
cjal-9190	283	35	baoxianfa	baoxianfa	NOUN
cjal-9190	283	36	xiugai	xiugai	PROPN
cjal-9190	283	37	qingkuang	qingkuang	PROPN
cjal-9190	283	38	jieshao	jieshao	PROPN
cjal-9190	283	39	(	(	PUNCT
cjal-9190	283	40	保险法修改情况介绍	保险法修改情况介绍	PROPN
cjal-9190	283	41	)	)	PUNCT
cjal-9190	284	1	[	[	X
cjal-9190	284	2	information	information	NOUN
cjal-9190	284	3	on	on	ADP
cjal-9190	284	4	the	the	DET
cjal-9190	284	5	revision	revision	NOUN
cjal-9190	284	6	of	of	ADP
cjal-9190	284	7	insurance	insurance	NOUN
cjal-9190	284	8	law	law	NOUN
cjal-9190	284	9	]	]	PUNCT
cjal-9190	284	10	(	(	PUNCT
cjal-9190	284	11	promulgated	promulgate	VERB
cjal-9190	284	12	by	by	ADP
cjal-9190	284	13	the	the	DET
cjal-9190	284	14	national	national	PROPN
cjal-9190	284	15	people	people	PROPN
cjal-9190	284	16	’s	’s	PART
cjal-9190	284	17	congress	congress	PROPN
cjal-9190	284	18	on	on	ADP
cjal-9190	284	19	mar	mar	PROPN
cjal-9190	284	20	.	.	PROPN
cjal-9190	284	21	2	2	NUM
cjal-9190	284	22	,	,	PUNCT
cjal-9190	284	23	2009	2009	NUM
cjal-9190	284	24	)	)	PUNCT
cjal-9190	284	25	,	,	PUNCT
cjal-9190	284	26	available	available	ADJ
cjal-9190	284	27	at	at	ADP
cjal-9190	284	28	http://www.npc.gov.cn/zgrdw/huiyi/lfzt/bxf/200903/02/content_1480632.htm	http://www.npc.gov.cn/zgrdw/huiyi/lfzt/bxf/200903/02/content_1480632.htm	PROPN
cjal-9190	284	29	.	.	PUNCT
cjal-9190	285	1	77	77	NUM
cjal-9190	285	2	zhongguo	zhongguo	PROPN
cjal-9190	285	3	baoxian	baoxian	PROPN
cjal-9190	285	4	jiandu	jiandu	PROPN
cjal-9190	285	5	guanli	guanli	PROPN
cjal-9190	285	6	weiyuanhui	weiyuanhui	PROPN
cjal-9190	285	7	guanyu	guanyu	PROPN
cjal-9190	285	8	jiaqiang	jiaqiang	PROPN
cjal-9190	285	9	he	he	PRON
cjal-9190	285	10	gaijin	gaijin	VERB
cjal-9190	285	11	baoxian	baoxian	PROPN
cjal-9190	285	12	zijin	zijin	PROPN
cjal-9190	285	13	yunyong	yunyong	PROPN
cjal-9190	285	14	bili	bili	PROPN
cjal-9190	285	15	jianguan	jianguan	PROPN
cjal-9190	285	16	de	de	PROPN
cjal-9190	285	17	tongzhi	tongzhi	PROPN
cjal-9190	285	18	(	(	PUNCT
cjal-9190	285	19	中国保险监督管理委员会关于	中国保险监督管理委员会关于	PROPN
cjal-9190	285	20	加强和改进保险资金运用比例监管的通知	加强和改进保险资金运用比例监管的通知	X
cjal-9190	285	21	)	)	PUNCT
cjal-9190	286	1	[	[	X
cjal-9190	286	2	notice	notice	NOUN
cjal-9190	286	3	on	on	ADP
cjal-9190	286	4	strengthening	strengthen	VERB
cjal-9190	286	5	and	and	CCONJ
cjal-9190	286	6	improving	improve	VERB
cjal-9190	286	7	the	the	DET
cjal-9190	286	8	proportional	proportional	ADJ
cjal-9190	286	9	regulation	regulation	NOUN
cjal-9190	286	10	of	of	ADP
cjal-9190	286	11	the	the	DET
cjal-9190	286	12	utilization	utilization	NOUN
cjal-9190	286	13	of	of	ADP
cjal-9190	286	14	insurance	insurance	NOUN
cjal-9190	286	15	funds	fund	NOUN
cjal-9190	286	16	]	]	PUNCT
cjal-9190	286	17	(	(	PUNCT
cjal-9190	286	18	promulgated	promulgate	VERB
cjal-9190	286	19	by	by	ADP
cjal-9190	286	20	the	the	DET
cjal-9190	286	21	china	china	PROPN
cjal-9190	286	22	insurance	insurance	PROPN
cjal-9190	286	23	regulatory	regulatory	PROPN
cjal-9190	286	24	commission	commission	PROPN
cjal-9190	286	25	,	,	PUNCT
cjal-9190	286	26	feb	feb	PROPN
cjal-9190	286	27	.	.	PROPN
cjal-9190	286	28	19	19	NUM
cjal-9190	286	29	,	,	PUNCT
cjal-9190	286	30	2014	2014	NUM
cjal-9190	286	31	,	,	PUNCT
cjal-9190	286	32	effective	effective	ADJ
cjal-9190	286	33	feb	feb	PROPN
cjal-9190	286	34	.	.	PROPN
cjal-9190	286	35	19	19	NUM
cjal-9190	286	36	,	,	PUNCT
cjal-9190	286	37	2014	2014	NUM
cjal-9190	286	38	)	)	PUNCT
cjal-9190	286	39	,	,	PUNCT
cjal-9190	286	40	article	article	NOUN
cjal-9190	286	41	2	2	NUM
cjal-9190	286	42	,	,	PUNCT
cjal-9190	286	43	available	available	ADJ
cjal-9190	286	44	at	at	ADP
cjal-9190	286	45	https://mlaw.wkinfo.com.cn/legislation/detail/mtawmdqyodm3nte%3d	https://mlaw.wkinfo.com.cn/legislation/detail/mtawmdqyodm3nte%3d	NOUN
cjal-9190	286	46	.	.	PUNCT
cjal-9190	287	1	78	78	NUM
cjal-9190	287	2	original	original	ADJ
cjal-9190	287	3	insurance	insurance	NOUN
cjal-9190	287	4	premium	premium	NOUN
cjal-9190	287	5	income	income	NOUN
cjal-9190	287	6	in	in	ADP
cjal-9190	287	7	various	various	ADJ
cjal-9190	287	8	regions	region	NOUN
cjal-9190	287	9	across	across	ADP
cjal-9190	287	10	the	the	DET
cjal-9190	287	11	country	country	NOUN
cjal-9190	287	12	in	in	ADP
cjal-9190	287	13	december	december	PROPN
cjal-9190	287	14	2020	2020	NUM
cjal-9190	287	15	(	(	PUNCT
cjal-9190	287	16	2020	2020	NUM
cjal-9190	287	17	年	年	PROPN
cjal-9190	287	18	12	12	NUM
cjal-9190	287	19	月全国各地区原保险保费收入情况表	月全国各地区原保险保费收入情况表	NOUN
cjal-9190	287	20	)	)	PUNCT
cjal-9190	287	21	(	(	PUNCT
cjal-9190	287	22	promulgated	promulgate	VERB
cjal-9190	287	23	by	by	ADP
cjal-9190	287	24	the	the	DET
cjal-9190	287	25	china	china	PROPN
cjal-9190	287	26	banking	banking	PROPN
cjal-9190	287	27	and	and	CCONJ
cjal-9190	287	28	insurance	insurance	PROPN
cjal-9190	287	29	regulatory	regulatory	ADJ
cjal-9190	287	30	commission	commission	NOUN
cjal-9190	287	31	,	,	PUNCT
cjal-9190	287	32	jan	jan	PROPN
cjal-9190	287	33	.	.	PROPN
cjal-9190	287	34	28	28	NUM
cjal-9190	287	35	,	,	PUNCT
cjal-9190	287	36	2021	2021	NUM
cjal-9190	287	37	,	,	PUNCT
cjal-9190	287	38	effective	effective	ADJ
cjal-9190	287	39	jan	jan	PROPN
cjal-9190	287	40	.	.	PROPN
cjal-9190	287	41	28	28	NUM
cjal-9190	287	42	,	,	PUNCT
cjal-9190	287	43	2021	2021	NUM
cjal-9190	287	44	)	)	PUNCT
cjal-9190	287	45	,	,	PUNCT
cjal-9190	287	46	available	available	ADJ
cjal-9190	287	47	at	at	ADP
cjal-9190	287	48	https://www.cbirc.gov.cn/cn/view/pages/itemdetail.html?docid=963083&itemid=9	https://www.cbirc.gov.cn/cn/view/pages/itemdetail.html?docid=963083&itemid=9	PROPN
cjal-9190	287	49	54&generaltype=0	54&generaltype=0	NUM
cjal-9190	287	50	.	.	NOUN
cjal-9190	287	51	2022	2022	NUM
cjal-9190	287	52	]	]	PUNCT
cjal-9190	287	53	columbia	columbia	PROPN
cjal-9190	287	54	journal	journal	PROPN
cjal-9190	287	55	of	of	ADP
cjal-9190	287	56	asian	asian	ADJ
cjal-9190	287	57	law	law	NOUN
cjal-9190	287	58	99	99	NUM
cjal-9190	287	59	30%—there	30%—there	NUM
cjal-9190	287	60	is	be	AUX
cjal-9190	287	61	scope	scope	NOUN
cjal-9190	287	62	for	for	ADP
cjal-9190	287	63	future	future	ADJ
cjal-9190	287	64	growth	growth	NOUN
cjal-9190	287	65	in	in	ADP
cjal-9190	287	66	the	the	DET
cjal-9190	287	67	size	size	NOUN
cjal-9190	287	68	of	of	ADP
cjal-9190	287	69	the	the	DET
cjal-9190	287	70	investment	investment	NOUN
cjal-9190	287	71	by	by	ADP
cjal-9190	287	72	insurance	insurance	NOUN
cjal-9190	287	73	companies	company	NOUN
cjal-9190	287	74	in	in	ADP
cjal-9190	287	75	the	the	DET
cjal-9190	287	76	a	a	PRON
cjal-9190	287	77	-	-	PUNCT
cjal-9190	287	78	shares	share	NOUN
cjal-9190	287	79	market.79	market.79	VERB
cjal-9190	287	80	the	the	DET
cjal-9190	287	81	third	third	ADJ
cjal-9190	287	82	major	major	ADJ
cjal-9190	287	83	type	type	NOUN
cjal-9190	287	84	of	of	ADP
cjal-9190	287	85	domestic	domestic	ADJ
cjal-9190	287	86	institutional	institutional	ADJ
cjal-9190	287	87	investor	investor	NOUN
cjal-9190	287	88	to	to	PART
cjal-9190	287	89	enter	enter	VERB
cjal-9190	287	90	the	the	DET
cjal-9190	287	91	chinese	chinese	ADJ
cjal-9190	287	92	a	a	DET
cjal-9190	287	93	-	-	PUNCT
cjal-9190	287	94	shares	share	NOUN
cjal-9190	287	95	market	market	NOUN
cjal-9190	287	96	was	be	AUX
cjal-9190	287	97	pension	pension	NOUN
cjal-9190	287	98	funds	fund	NOUN
cjal-9190	287	99	.	.	PUNCT
cjal-9190	288	1	the	the	DET
cjal-9190	288	2	public	public	ADJ
cjal-9190	288	3	pension	pension	NOUN
cjal-9190	288	4	fund	fund	NOUN
cjal-9190	288	5	market	market	NOUN
cjal-9190	288	6	is	be	AUX
cjal-9190	288	7	bifurcated	bifurcate	VERB
cjal-9190	288	8	between	between	ADP
cjal-9190	288	9	government	government	NOUN
cjal-9190	288	10	pension	pension	NOUN
cjal-9190	288	11	funds	fund	NOUN
cjal-9190	288	12	—	—	PUNCT
cjal-9190	288	13	which	which	PRON
cjal-9190	288	14	are	be	AUX
cjal-9190	288	15	called	call	VERB
cjal-9190	288	16	social	social	ADJ
cjal-9190	288	17	security	security	NOUN
cjal-9190	288	18	funds	fund	NOUN
cjal-9190	288	19	(	(	PUNCT
cjal-9190	288	20	ssfs)—and	ssfs)—and	NUM
cjal-9190	288	21	corporate	corporate	ADJ
cjal-9190	288	22	pension	pension	NOUN
cjal-9190	288	23	funds	fund	NOUN
cjal-9190	288	24	—	—	PUNCT
cjal-9190	288	25	which	which	PRON
cjal-9190	288	26	are	be	AUX
cjal-9190	288	27	called	call	VERB
cjal-9190	288	28	enterprise	enterprise	NOUN
cjal-9190	288	29	annuities	annuity	NOUN
cjal-9190	288	30	.	.	PUNCT
cjal-9190	289	1	ssfs	ssfs	ADJ
cjal-9190	289	2	exist	exist	VERB
cjal-9190	289	3	at	at	ADP
cjal-9190	289	4	the	the	DET
cjal-9190	289	5	local	local	ADJ
cjal-9190	289	6	and	and	CCONJ
cjal-9190	289	7	national	national	ADJ
cjal-9190	289	8	levels	level	NOUN
cjal-9190	289	9	,	,	PUNCT
cjal-9190	289	10	the	the	DET
cjal-9190	289	11	largest	large	ADJ
cjal-9190	289	12	of	of	ADP
cjal-9190	289	13	which	which	PRON
cjal-9190	289	14	is	be	AUX
cjal-9190	289	15	the	the	DET
cjal-9190	289	16	national	national	ADJ
cjal-9190	289	17	social	social	ADJ
cjal-9190	289	18	security	security	NOUN
cjal-9190	289	19	fund	fund	NOUN
cjal-9190	289	20	(	(	PUNCT
cjal-9190	289	21	nssf	nssf	NOUN
cjal-9190	289	22	)	)	PUNCT
cjal-9190	289	23	.	.	PUNCT
cjal-9190	290	1	established	establish	VERB
cjal-9190	290	2	in	in	ADP
cjal-9190	290	3	2000	2000	NUM
cjal-9190	290	4	,	,	PUNCT
cjal-9190	290	5	the	the	DET
cjal-9190	290	6	nssf	nssf	NOUN
cjal-9190	290	7	’s	’s	PART
cjal-9190	290	8	operations	operation	NOUN
cjal-9190	290	9	are	be	AUX
cjal-9190	290	10	governed	govern	VERB
cjal-9190	290	11	by	by	ADP
cjal-9190	290	12	the	the	DET
cjal-9190	290	13	ministry	ministry	PROPN
cjal-9190	290	14	of	of	ADP
cjal-9190	290	15	finance	finance	PROPN
cjal-9190	290	16	(	(	PUNCT
cjal-9190	290	17	mof	mof	NOUN
cjal-9190	290	18	)	)	PUNCT
cjal-9190	290	19	and	and	CCONJ
cjal-9190	290	20	the	the	DET
cjal-9190	290	21	ministry	ministry	PROPN
cjal-9190	290	22	of	of	ADP
cjal-9190	290	23	labor	labor	NOUN
cjal-9190	290	24	and	and	CCONJ
cjal-9190	290	25	social	social	ADJ
cjal-9190	290	26	security	security	NOUN
cjal-9190	290	27	(	(	PUNCT
cjal-9190	290	28	molss	molss	ADJ
cjal-9190	290	29	,	,	PUNCT
cjal-9190	290	30	currently	currently	ADV
cjal-9190	290	31	dissolved	dissolve	VERB
cjal-9190	290	32	)	)	PUNCT
cjal-9190	290	33	;	;	PUNCT
cjal-9190	290	34	while	while	SCONJ
cjal-9190	290	35	the	the	DET
cjal-9190	290	36	csrc	csrc	NOUN
cjal-9190	290	37	and	and	CCONJ
cjal-9190	290	38	pboc	pboc	NOUN
cjal-9190	290	39	supervise	supervise	VERB
cjal-9190	290	40	the	the	DET
cjal-9190	290	41	activities	activity	NOUN
cjal-9190	290	42	of	of	ADP
cjal-9190	290	43	the	the	DET
cjal-9190	290	44	nssf	nssf	NOUN
cjal-9190	290	45	’s	’s	PART
cjal-9190	290	46	investment	investment	NOUN
cjal-9190	290	47	managers	manager	NOUN
cjal-9190	290	48	and	and	CCONJ
cjal-9190	290	49	are	be	AUX
cjal-9190	290	50	the	the	DET
cjal-9190	290	51	custodians	custodian	NOUN
cjal-9190	290	52	of	of	ADP
cjal-9190	290	53	its	its	PRON
cjal-9190	290	54	funds	fund	NOUN
cjal-9190	290	55	.	.	PUNCT
cjal-9190	291	1	from	from	ADP
cjal-9190	291	2	2001	2001	NUM
cjal-9190	291	3	to	to	ADP
cjal-9190	291	4	2016	2016	NUM
cjal-9190	291	5	,	,	PUNCT
cjal-9190	291	6	several	several	ADJ
cjal-9190	291	7	laws	law	NOUN
cjal-9190	291	8	were	be	AUX
cjal-9190	291	9	promulgated	promulgate	VERB
cjal-9190	291	10	to	to	PART
cjal-9190	291	11	increase	increase	VERB
cjal-9190	291	12	the	the	DET
cjal-9190	291	13	rate	rate	NOUN
cjal-9190	291	14	of	of	ADP
cjal-9190	291	15	return	return	NOUN
cjal-9190	291	16	of	of	ADP
cjal-9190	291	17	nssf	nssf	NOUN
cjal-9190	291	18	funds	fund	NOUN
cjal-9190	291	19	.	.	PUNCT
cjal-9190	292	1	80	80	NUM
cjal-9190	292	2	one	one	NUM
cjal-9190	292	3	of	of	ADP
cjal-9190	292	4	the	the	DET
cjal-9190	292	5	major	major	ADJ
cjal-9190	292	6	initiatives	initiative	NOUN
cjal-9190	292	7	has	have	AUX
cjal-9190	292	8	been	be	AUX
cjal-9190	292	9	to	to	PART
cjal-9190	292	10	facilitate	facilitate	VERB
cjal-9190	292	11	the	the	DET
cjal-9190	292	12	nssf	nssf	NOUN
cjal-9190	292	13	in	in	ADP
cjal-9190	292	14	investing	invest	VERB
cjal-9190	292	15	a	a	DET
cjal-9190	292	16	portion	portion	NOUN
cjal-9190	292	17	of	of	ADP
cjal-9190	292	18	its	its	PRON
cjal-9190	292	19	funds	fund	NOUN
cjal-9190	292	20	in	in	ADP
cjal-9190	292	21	the	the	DET
cjal-9190	292	22	a	a	DET
cjal-9190	292	23	-	-	PUNCT
cjal-9190	292	24	shares	share	NOUN
cjal-9190	292	25	market	market	NOUN
cjal-9190	292	26	.	.	PUNCT
cjal-9190	293	1	initially	initially	ADV
cjal-9190	293	2	,	,	PUNCT
cjal-9190	293	3	the	the	DET
cjal-9190	293	4	nssf	nssf	NOUN
cjal-9190	293	5	invested	invest	VERB
cjal-9190	293	6	directly	directly	ADV
cjal-9190	293	7	in	in	ADP
cjal-9190	293	8	the	the	DET
cjal-9190	293	9	a	a	DET
cjal-9190	293	10	-	-	PUNCT
cjal-9190	293	11	shares	share	NOUN
cjal-9190	293	12	market	market	NOUN
cjal-9190	293	13	.	.	PUNCT
cjal-9190	294	1	however	however	ADV
cjal-9190	294	2	,	,	PUNCT
cjal-9190	294	3	since	since	SCONJ
cjal-9190	294	4	2003	2003	NUM
cjal-9190	294	5	,	,	PUNCT
cjal-9190	294	6	the	the	DET
cjal-9190	294	7	nssf	nssf	NOUN
cjal-9190	294	8	has	have	AUX
cjal-9190	294	9	outsourced	outsource	VERB
cjal-9190	294	10	a	a	DET
cjal-9190	294	11	portion	portion	NOUN
cjal-9190	294	12	of	of	ADP
cjal-9190	294	13	its	its	PRON
cjal-9190	294	14	investments	investment	NOUN
cjal-9190	294	15	to	to	ADP
cjal-9190	294	16	private	private	ADJ
cjal-9190	294	17	fund	fund	NOUN
cjal-9190	294	18	managers,81	managers,81	NOUN
cjal-9190	294	19	resulting	result	VERB
cjal-9190	294	20	in	in	ADP
cjal-9190	294	21	it	it	PRON
cjal-9190	294	22	being	be	AUX
cjal-9190	294	23	both	both	CCONJ
cjal-9190	294	24	a	a	DET
cjal-9190	294	25	direct	direct	ADJ
cjal-9190	294	26	and	and	CCONJ
cjal-9190	294	27	indirect	indirect	ADJ
cjal-9190	294	28	investor	investor	NOUN
cjal-9190	294	29	in	in	ADP
cjal-9190	294	30	the	the	DET
cjal-9190	294	31	a	a	DET
cjal-9190	294	32	-	-	PUNCT
cjal-9190	294	33	shares	share	NOUN
cjal-9190	294	34	79	79	NUM
cjal-9190	294	35	see	see	NOUN
cjal-9190	294	36	insurance	insurance	NOUN
cjal-9190	294	37	business	business	NOUN
cjal-9190	294	38	operation	operation	NOUN
cjal-9190	294	39	table	table	NOUN
cjal-9190	294	40	(	(	PUNCT
cjal-9190	294	41	2020	2020	NUM
cjal-9190	294	42	年保险业	年保险业	VERB
cjal-9190	294	43	经	经	PROPN
cjal-9190	294	44	营情况表	营情况表	PROPN
cjal-9190	294	45	)	)	PUNCT
cjal-9190	294	46	(	(	PUNCT
cjal-9190	294	47	promulgated	promulgate	VERB
cjal-9190	294	48	by	by	ADP
cjal-9190	294	49	the	the	DET
cjal-9190	294	50	china	china	PROPN
cjal-9190	294	51	banking	banking	PROPN
cjal-9190	294	52	and	and	CCONJ
cjal-9190	294	53	insurance	insurance	PROPN
cjal-9190	294	54	regulatory	regulatory	ADJ
cjal-9190	294	55	commission	commission	NOUN
cjal-9190	294	56	,	,	PUNCT
cjal-9190	294	57	jan	jan	PROPN
cjal-9190	294	58	.	.	PROPN
cjal-9190	294	59	22	22	NUM
cjal-9190	294	60	,	,	PUNCT
cjal-9190	294	61	2021	2021	NUM
cjal-9190	294	62	,	,	PUNCT
cjal-9190	294	63	effective	effective	ADJ
cjal-9190	294	64	jan	jan	PROPN
cjal-9190	294	65	.	.	PROPN
cjal-9190	294	66	22	22	NUM
cjal-9190	294	67	,	,	PUNCT
cjal-9190	294	68	2021	2021	NUM
cjal-9190	294	69	)	)	PUNCT
cjal-9190	294	70	,	,	PUNCT
cjal-9190	294	71	available	available	ADJ
cjal-9190	294	72	at	at	ADP
cjal-9190	294	73	https://www.cbirc.gov.cn/cn/view/pages/itemdetail.html?docid=887993&itemid=9	https://www.cbirc.gov.cn/cn/view/pages/itemdetail.html?docid=887993&itemid=9	PROPN
cjal-9190	294	74	54&generaltype=0	54&generaltype=0	NUM
cjal-9190	294	75	.	.	NOUN
cjal-9190	294	76	80	80	NUM
cjal-9190	294	77	since	since	SCONJ
cjal-9190	294	78	2001	2001	NUM
cjal-9190	294	79	,	,	PUNCT
cjal-9190	294	80	various	various	ADJ
cjal-9190	294	81	regulations	regulation	NOUN
cjal-9190	294	82	were	be	AUX
cjal-9190	294	83	issued	issue	VERB
cjal-9190	294	84	to	to	PART
cjal-9190	294	85	facilitate	facilitate	VERB
cjal-9190	294	86	the	the	DET
cjal-9190	294	87	development	development	NOUN
cjal-9190	294	88	of	of	ADP
cjal-9190	294	89	ssfs	ssfs	ADJ
cjal-9190	294	90	,	,	PUNCT
cjal-9190	294	91	including	include	VERB
cjal-9190	294	92	:	:	PUNCT
cjal-9190	294	93	quanguo	quanguo	PROPN
cjal-9190	294	94	shehui	shehui	PROPN
cjal-9190	294	95	baozhang	baozhang	PROPN
cjal-9190	294	96	jijin	jijin	PROPN
cjal-9190	294	97	touzi	touzi	PROPN
cjal-9190	294	98	guanli	guanli	PROPN
cjal-9190	294	99	zanxing	zanxing	PROPN
cjal-9190	294	100	banfa	banfa	NOUN
cjal-9190	294	101	(	(	PUNCT
cjal-9190	294	102	全国社会	全国社会	NOUN
cjal-9190	294	103	保障基金投资管理暂行办法	保障基金投资管理暂行办法	VERB
cjal-9190	294	104	)	)	PUNCT
cjal-9190	295	1	[	[	X
cjal-9190	295	2	interim	interim	ADJ
cjal-9190	295	3	provisions	provision	NOUN
cjal-9190	295	4	on	on	ADP
cjal-9190	295	5	the	the	DET
cjal-9190	295	6	administration	administration	NOUN
cjal-9190	295	7	of	of	ADP
cjal-9190	295	8	investment	investment	NOUN
cjal-9190	295	9	by	by	ADP
cjal-9190	295	10	the	the	DET
cjal-9190	295	11	national	national	ADJ
cjal-9190	295	12	social	social	ADJ
cjal-9190	295	13	security	security	NOUN
cjal-9190	295	14	fund	fund	NOUN
cjal-9190	295	15	]	]	PUNCT
cjal-9190	295	16	(	(	PUNCT
cjal-9190	295	17	promulgated	promulgate	VERB
cjal-9190	295	18	by	by	ADP
cjal-9190	295	19	the	the	DET
cjal-9190	295	20	ministry	ministry	PROPN
cjal-9190	295	21	of	of	ADP
cjal-9190	295	22	finance	finance	PROPN
cjal-9190	295	23	and	and	CCONJ
cjal-9190	295	24	the	the	DET
cjal-9190	295	25	ministry	ministry	PROPN
cjal-9190	295	26	of	of	ADP
cjal-9190	295	27	labor	labor	NOUN
cjal-9190	295	28	and	and	CCONJ
cjal-9190	295	29	social	social	ADJ
cjal-9190	295	30	security	security	NOUN
cjal-9190	295	31	,	,	PUNCT
cjal-9190	295	32	dec	dec	PROPN
cjal-9190	295	33	.	.	PROPN
cjal-9190	295	34	13	13	NUM
cjal-9190	295	35	,	,	PUNCT
cjal-9190	295	36	2001	2001	NUM
cjal-9190	295	37	)	)	PUNCT
cjal-9190	295	38	;	;	PUNCT
cjal-9190	295	39	quanguo	quanguo	PROPN
cjal-9190	295	40	shehui	shehui	PROPN
cjal-9190	295	41	baozhang	baozhang	PROPN
cjal-9190	295	42	jijin	jijin	PROPN
cjal-9190	295	43	touzi	touzi	PROPN
cjal-9190	295	44	guanli	guanli	PROPN
cjal-9190	295	45	zanxing	zanxing	PROPN
cjal-9190	295	46	guiding	guiding	NOUN
cjal-9190	295	47	(	(	PUNCT
cjal-9190	295	48	全国社会保障基金境外投	全国社会保障基金境外投	NOUN
cjal-9190	295	49	资管理暂行规定	资管理暂行规定	PROPN
cjal-9190	295	50	)	)	PUNCT
cjal-9190	296	1	[	[	X
cjal-9190	296	2	interim	interim	ADJ
cjal-9190	296	3	provisions	provision	NOUN
cjal-9190	296	4	on	on	ADP
cjal-9190	296	5	the	the	DET
cjal-9190	296	6	administration	administration	NOUN
cjal-9190	296	7	of	of	ADP
cjal-9190	296	8	overseas	overseas	ADJ
cjal-9190	296	9	investment	investment	NOUN
cjal-9190	296	10	by	by	ADP
cjal-9190	296	11	the	the	DET
cjal-9190	296	12	national	national	ADJ
cjal-9190	296	13	social	social	ADJ
cjal-9190	296	14	security	security	NOUN
cjal-9190	296	15	fund	fund	NOUN
cjal-9190	296	16	]	]	PUNCT
cjal-9190	296	17	(	(	PUNCT
cjal-9190	296	18	promulgated	promulgate	VERB
cjal-9190	296	19	by	by	ADP
cjal-9190	296	20	the	the	DET
cjal-9190	296	21	ministry	ministry	PROPN
cjal-9190	296	22	of	of	ADP
cjal-9190	296	23	finance	finance	PROPN
cjal-9190	296	24	,	,	PUNCT
cjal-9190	296	25	ministry	ministry	PROPN
cjal-9190	296	26	of	of	ADP
cjal-9190	296	27	labor	labor	NOUN
cjal-9190	296	28	and	and	CCONJ
cjal-9190	296	29	social	social	ADJ
cjal-9190	296	30	security	security	NOUN
cjal-9190	296	31	and	and	CCONJ
cjal-9190	296	32	the	the	DET
cjal-9190	296	33	people	people	NOUN
cjal-9190	296	34	’s	’s	PART
cjal-9190	296	35	bank	bank	PROPN
cjal-9190	296	36	of	of	ADP
cjal-9190	296	37	china	china	PROPN
cjal-9190	296	38	,	,	PUNCT
cjal-9190	296	39	mar	mar	PROPN
cjal-9190	296	40	.	.	PROPN
cjal-9190	296	41	14	14	NUM
cjal-9190	296	42	,	,	PUNCT
cjal-9190	296	43	2006	2006	NUM
cjal-9190	296	44	,	,	PUNCT
cjal-9190	296	45	effective	effective	ADJ
cjal-9190	296	46	mar	mar	PROPN
cjal-9190	296	47	.	.	PROPN
cjal-9190	296	48	14	14	NUM
cjal-9190	296	49	,	,	PUNCT
cjal-9190	296	50	2006	2006	NUM
cjal-9190	296	51	)	)	PUNCT
cjal-9190	296	52	;	;	PUNCT
cjal-9190	296	53	quanguo	quanguo	PROPN
cjal-9190	296	54	shehui	shehui	PROPN
cjal-9190	296	55	baozhang	baozhang	PROPN
cjal-9190	296	56	jijin	jijin	PROPN
cjal-9190	296	57	tiaoli	tiaoli	PROPN
cjal-9190	296	58	(	(	PUNCT
cjal-9190	296	59	全国社会保	全国社会保	NOUN
cjal-9190	296	60	障基金条例	障基金条例	PROPN
cjal-9190	296	61	)	)	PUNCT
cjal-9190	297	1	[	[	X
cjal-9190	297	2	regulation	regulation	NOUN
cjal-9190	297	3	on	on	ADP
cjal-9190	297	4	the	the	DET
cjal-9190	297	5	national	national	ADJ
cjal-9190	297	6	social	social	ADJ
cjal-9190	297	7	security	security	NOUN
cjal-9190	297	8	fund	fund	NOUN
cjal-9190	297	9	]	]	PUNCT
cjal-9190	297	10	(	(	PUNCT
cjal-9190	297	11	promulgated	promulgate	VERB
cjal-9190	297	12	by	by	ADP
cjal-9190	297	13	the	the	DET
cjal-9190	297	14	state	state	PROPN
cjal-9190	297	15	council	council	PROPN
cjal-9190	297	16	,	,	PUNCT
cjal-9190	297	17	may	may	AUX
cjal-9190	297	18	1	1	NUM
cjal-9190	297	19	,	,	PUNCT
cjal-9190	297	20	2016	2016	NUM
cjal-9190	297	21	,	,	PUNCT
cjal-9190	297	22	effective	effective	ADJ
cjal-9190	297	23	may	may	PROPN
cjal-9190	297	24	1	1	NUM
cjal-9190	297	25	,	,	PUNCT
cjal-9190	297	26	2016	2016	NUM
cjal-9190	297	27	)	)	PUNCT
cjal-9190	297	28	.	.	PUNCT
cjal-9190	298	1	81	81	NUM
cjal-9190	298	2	national	national	ADJ
cjal-9190	298	3	social	social	ADJ
cjal-9190	298	4	security	security	NOUN
cjal-9190	298	5	fund	fund	NOUN
cjal-9190	298	6	(	(	PUNCT
cjal-9190	298	7	nssf	nssf	NOUN
cjal-9190	298	8	)	)	PUNCT
cjal-9190	298	9	entered	enter	VERB
cjal-9190	298	10	into	into	ADP
cjal-9190	298	11	an	an	DET
cjal-9190	298	12	agreement	agreement	NOUN
cjal-9190	298	13	with	with	ADP
cjal-9190	298	14	6	6	NUM
cjal-9190	298	15	fund	fund	NOUN
cjal-9190	298	16	management	management	NOUN
cjal-9190	298	17	companies	company	NOUN
cjal-9190	298	18	in	in	ADP
cjal-9190	298	19	2003	2003	NUM
cjal-9190	298	20	and	and	CCONJ
cjal-9190	298	21	entrusted	entrust	VERB
cjal-9190	298	22	them	they	PRON
cjal-9190	298	23	to	to	PART
cjal-9190	298	24	make	make	VERB
cjal-9190	298	25	investments	investment	NOUN
cjal-9190	298	26	in	in	ADP
cjal-9190	298	27	the	the	DET
cjal-9190	298	28	ashares	ashare	NOUN
cjal-9190	298	29	market	market	NOUN
cjal-9190	298	30	(	(	PUNCT
cjal-9190	298	31	“	"	PUNCT
cjal-9190	298	32	2003	2003	NUM
cjal-9190	298	33	年	年	PROPN
cjal-9190	298	34	社保基金正式进入股市	社保基金正式进入股市	NOUN
cjal-9190	298	35	)	)	PUNCT
cjal-9190	298	36	,	,	PUNCT
cjal-9190	298	37	sina	sina	PROPN
cjal-9190	298	38	(	(	PUNCT
cjal-9190	298	39	apr	apr	PROPN
cjal-9190	298	40	.	.	PROPN
cjal-9190	298	41	9	9	NUM
cjal-9190	298	42	,	,	PUNCT
cjal-9190	298	43	2018	2018	NUM
cjal-9190	298	44	)	)	PUNCT
cjal-9190	298	45	,	,	PUNCT
cjal-9190	298	46	http://finance.sina.com.cn/stock/marketresearch/2018-04-09/docifyteqtq6470236.shtml	http://finance.sina.com.cn/stock/marketresearch/2018-04-09/docifyteqtq6470236.shtml	X
cjal-9190	298	47	.	.	NOUN
cjal-9190	298	48	100	100	NUM
cjal-9190	298	49	institutional	institutional	ADJ
cjal-9190	298	50	investors	investor	NOUN
cjal-9190	298	51	in	in	ADP
cjal-9190	298	52	china	china	PROPN
cjal-9190	298	53	[	[	X
cjal-9190	298	54	vol	vol	NOUN
cjal-9190	298	55	.	.	PUNCT
cjal-9190	299	1	35	35	NUM
cjal-9190	299	2	:	:	SYM
cjal-9190	299	3	74	74	NUM
cjal-9190	299	4	market.82	market.82	NOUN
cjal-9190	299	5	the	the	DET
cjal-9190	299	6	portion	portion	NOUN
cjal-9190	299	7	of	of	ADP
cjal-9190	299	8	the	the	DET
cjal-9190	299	9	nssf	nssf	NOUN
cjal-9190	299	10	’s	’s	PART
cjal-9190	299	11	total	total	ADJ
cjal-9190	299	12	funds	fund	NOUN
cjal-9190	299	13	that	that	PRON
cjal-9190	299	14	can	can	AUX
cjal-9190	299	15	be	be	AUX
cjal-9190	299	16	invested	invest	VERB
cjal-9190	299	17	directly	directly	ADV
cjal-9190	299	18	and	and	CCONJ
cjal-9190	299	19	indirectly	indirectly	ADV
cjal-9190	299	20	in	in	ADP
cjal-9190	299	21	a	a	DET
cjal-9190	299	22	-	-	PUNCT
cjal-9190	299	23	shares	share	NOUN
cjal-9190	299	24	is	be	AUX
cjal-9190	299	25	currently	currently	ADV
cjal-9190	299	26	capped	cap	VERB
cjal-9190	299	27	at	at	ADP
cjal-9190	299	28	40	40	NUM
cjal-9190	299	29	%	%	NOUN
cjal-9190	299	30	.	.	PUNCT
cjal-9190	300	1	as	as	SCONJ
cjal-9190	300	2	illustrated	illustrate	VERB
cjal-9190	300	3	in	in	ADP
cjal-9190	300	4	chart	chart	NOUN
cjal-9190	300	5	1	1	NUM
cjal-9190	300	6	and	and	CCONJ
cjal-9190	300	7	chart	chart	NOUN
cjal-9190	300	8	2	2	NUM
cjal-9190	300	9	above	above	ADV
cjal-9190	300	10	,	,	PUNCT
cjal-9190	300	11	in	in	ADP
cjal-9190	300	12	2006	2006	NUM
cjal-9190	300	13	,	,	PUNCT
cjal-9190	300	14	ssfs	ssfs	PROPN
cjal-9190	300	15	accounted	account	VERB
cjal-9190	300	16	for	for	ADP
cjal-9190	300	17	0.9	0.9	NUM
cjal-9190	300	18	%	%	NOUN
cjal-9190	300	19	of	of	ADP
cjal-9190	300	20	capitalization	capitalization	NOUN
cjal-9190	300	21	and	and	CCONJ
cjal-9190	300	22	3.9	3.9	NUM
cjal-9190	300	23	%	%	NOUN
cjal-9190	300	24	of	of	ADP
cjal-9190	300	25	the	the	DET
cjal-9190	300	26	free	free	ADJ
cjal-9190	300	27	-	-	PUNCT
cjal-9190	300	28	float	float	NOUN
cjal-9190	300	29	of	of	ADP
cjal-9190	300	30	the	the	DET
cjal-9190	300	31	a	a	DET
cjal-9190	300	32	-	-	PUNCT
cjal-9190	300	33	shares	share	NOUN
cjal-9190	300	34	market	market	NOUN
cjal-9190	300	35	.	.	PUNCT
cjal-9190	301	1	although	although	SCONJ
cjal-9190	301	2	the	the	DET
cjal-9190	301	3	size	size	NOUN
cjal-9190	301	4	of	of	ADP
cjal-9190	301	5	the	the	DET
cjal-9190	301	6	nssf	nssf	NOUN
cjal-9190	301	7	has	have	AUX
cjal-9190	301	8	grown	grow	VERB
cjal-9190	301	9	substantially	substantially	ADV
cjal-9190	301	10	over	over	ADP
cjal-9190	301	11	the	the	DET
cjal-9190	301	12	past	past	ADJ
cjal-9190	301	13	decade	decade	NOUN
cjal-9190	301	14	—	—	PUNCT
cjal-9190	301	15	the	the	DET
cjal-9190	301	16	total	total	ADJ
cjal-9190	301	17	capitalization	capitalization	NOUN
cjal-9190	301	18	of	of	ADP
cjal-9190	301	19	the	the	DET
cjal-9190	301	20	ashares	ashare	NOUN
cjal-9190	301	21	market	market	NOUN
cjal-9190	301	22	has	have	AUX
cjal-9190	301	23	increased	increase	VERB
cjal-9190	301	24	concomitantly	concomitantly	ADV
cjal-9190	301	25	.	.	PUNCT
cjal-9190	302	1	as	as	ADP
cjal-9190	302	2	a	a	DET
cjal-9190	302	3	result	result	NOUN
cjal-9190	302	4	,	,	PUNCT
cjal-9190	302	5	over	over	ADP
cjal-9190	302	6	the	the	DET
cjal-9190	302	7	last	last	ADJ
cjal-9190	302	8	decade	decade	NOUN
cjal-9190	302	9	,	,	PUNCT
cjal-9190	302	10	ssfs	ssfs	PROPN
cjal-9190	302	11	have	have	AUX
cjal-9190	302	12	consistently	consistently	ADV
cjal-9190	302	13	accounted	account	VERB
cjal-9190	302	14	for	for	ADP
cjal-9190	302	15	approximately	approximately	ADV
cjal-9190	302	16	1	1	NUM
cjal-9190	302	17	%	%	NOUN
cjal-9190	302	18	to	to	PART
cjal-9190	302	19	2	2	NUM
cjal-9190	302	20	%	%	NOUN
cjal-9190	302	21	of	of	ADP
cjal-9190	302	22	the	the	DET
cjal-9190	302	23	total	total	ADJ
cjal-9190	302	24	capitalization	capitalization	NOUN
cjal-9190	302	25	and	and	CCONJ
cjal-9190	302	26	2	2	NUM
cjal-9190	302	27	%	%	NOUN
cjal-9190	302	28	to	to	PART
cjal-9190	302	29	4	4	NUM
cjal-9190	302	30	%	%	NOUN
cjal-9190	302	31	of	of	ADP
cjal-9190	302	32	the	the	DET
cjal-9190	302	33	free	free	ADJ
cjal-9190	302	34	-	-	PUNCT
cjal-9190	302	35	float	float	NOUN
cjal-9190	302	36	of	of	ADP
cjal-9190	302	37	the	the	DET
cjal-9190	302	38	ashares	ashare	NOUN
cjal-9190	302	39	market	market	NOUN
cjal-9190	302	40	.	.	PUNCT
cjal-9190	303	1	in	in	ADP
cjal-9190	303	2	2011	2011	NUM
cjal-9190	303	3	,	,	PUNCT
cjal-9190	303	4	the	the	DET
cjal-9190	303	5	revised	revise	VERB
cjal-9190	303	6	measures	measure	NOUN
cjal-9190	303	7	for	for	ADP
cjal-9190	303	8	the	the	DET
cjal-9190	303	9	management	management	NOUN
cjal-9190	303	10	of	of	ADP
cjal-9190	303	11	enterprise	enterprise	NOUN
cjal-9190	303	12	annuity	annuity	NOUN
cjal-9190	303	13	funds	fund	NOUN
cjal-9190	303	14	was	be	AUX
cjal-9190	303	15	promulgated	promulgate	VERB
cjal-9190	303	16	,	,	PUNCT
cjal-9190	303	17	which	which	PRON
cjal-9190	303	18	limited	limit	VERB
cjal-9190	303	19	the	the	DET
cjal-9190	303	20	amount	amount	NOUN
cjal-9190	303	21	that	that	PRON
cjal-9190	303	22	corporate	corporate	ADJ
cjal-9190	303	23	pension	pension	NOUN
cjal-9190	303	24	funds	fund	NOUN
cjal-9190	303	25	could	could	AUX
cjal-9190	303	26	invest	invest	VERB
cjal-9190	303	27	in	in	ADP
cjal-9190	303	28	equities	equity	NOUN
cjal-9190	303	29	to	to	ADP
cjal-9190	303	30	30	30	NUM
cjal-9190	303	31	%	%	NOUN
cjal-9190	303	32	of	of	ADP
cjal-9190	303	33	their	their	PRON
cjal-9190	303	34	financial	financial	ADJ
cjal-9190	303	35	net	net	ADJ
cjal-9190	303	36	worth	worth	NOUN
cjal-9190	303	37	.	.	PUNCT
cjal-9190	304	1	as	as	SCONJ
cjal-9190	304	2	shown	show	VERB
cjal-9190	304	3	in	in	ADP
cjal-9190	304	4	chart	chart	NOUN
cjal-9190	304	5	1	1	NUM
cjal-9190	304	6	and	and	CCONJ
cjal-9190	304	7	chart	chart	NOUN
cjal-9190	304	8	2	2	NUM
cjal-9190	304	9	above	above	ADV
cjal-9190	304	10	,	,	PUNCT
cjal-9190	304	11	corporate	corporate	ADJ
cjal-9190	304	12	pension	pension	NOUN
cjal-9190	304	13	funds	fund	NOUN
cjal-9190	304	14	started	start	VERB
cjal-9190	304	15	investing	invest	VERB
cjal-9190	304	16	in	in	ADP
cjal-9190	304	17	the	the	DET
cjal-9190	304	18	a	a	DET
cjal-9190	304	19	-	-	PUNCT
cjal-9190	304	20	shares	share	NOUN
cjal-9190	304	21	market	market	NOUN
cjal-9190	304	22	in	in	ADP
cjal-9190	304	23	2012	2012	NUM
cjal-9190	304	24	.	.	PUNCT
cjal-9190	305	1	presently	presently	ADV
cjal-9190	305	2	,	,	PUNCT
cjal-9190	305	3	corporate	corporate	ADJ
cjal-9190	305	4	pension	pension	NOUN
cjal-9190	305	5	funds	fund	NOUN
cjal-9190	305	6	remain	remain	VERB
cjal-9190	305	7	a	a	DET
cjal-9190	305	8	small	small	ADJ
cjal-9190	305	9	portion	portion	NOUN
cjal-9190	305	10	of	of	ADP
cjal-9190	305	11	the	the	DET
cjal-9190	305	12	ashares	ashare	NOUN
cjal-9190	305	13	market	market	NOUN
cjal-9190	305	14	,	,	PUNCT
cjal-9190	305	15	accounting	account	VERB
cjal-9190	305	16	for	for	ADP
cjal-9190	305	17	less	less	ADJ
cjal-9190	305	18	than	than	ADP
cjal-9190	305	19	0.5	0.5	NUM
cjal-9190	305	20	%	%	NOUN
cjal-9190	305	21	of	of	ADP
cjal-9190	305	22	its	its	PRON
cjal-9190	305	23	capitalization	capitalization	NOUN
cjal-9190	305	24	and	and	CCONJ
cjal-9190	305	25	free	free	ADJ
cjal-9190	305	26	float	float	NOUN
cjal-9190	305	27	—	—	PUNCT
cjal-9190	305	28	but	but	CCONJ
cjal-9190	305	29	they	they	PRON
cjal-9190	305	30	have	have	AUX
cjal-9190	305	31	been	be	AUX
cjal-9190	305	32	increasing	increase	VERB
cjal-9190	305	33	gradually	gradually	ADV
cjal-9190	305	34	in	in	ADP
cjal-9190	305	35	importance	importance	NOUN
cjal-9190	305	36	since	since	SCONJ
cjal-9190	305	37	2007	2007	NUM
cjal-9190	305	38	and	and	CCONJ
cjal-9190	305	39	their	their	PRON
cjal-9190	305	40	total	total	ADJ
cjal-9190	305	41	cumulative	cumulative	ADJ
cjal-9190	305	42	value	value	NOUN
cjal-9190	305	43	reached	reach	VERB
cjal-9190	305	44	approximately	approximately	ADV
cjal-9190	305	45	rmb	rmb	VERB
cjal-9190	305	46	300	300	NUM
cjal-9190	305	47	billion	billion	NUM
cjal-9190	305	48	by	by	ADP
cjal-9190	305	49	the	the	DET
cjal-9190	305	50	end	end	NOUN
cjal-9190	305	51	of	of	ADP
cjal-9190	305	52	2020.83	2020.83	NUM
cjal-9190	305	53	the	the	DET
cjal-9190	305	54	fourth	fourth	ADJ
cjal-9190	305	55	major	major	ADJ
cjal-9190	305	56	type	type	NOUN
cjal-9190	305	57	of	of	ADP
cjal-9190	305	58	domestic	domestic	ADJ
cjal-9190	305	59	institutional	institutional	ADJ
cjal-9190	305	60	investor	investor	NOUN
cjal-9190	305	61	to	to	PART
cjal-9190	305	62	enter	enter	VERB
cjal-9190	305	63	the	the	DET
cjal-9190	305	64	chinese	chinese	ADJ
cjal-9190	305	65	a	a	DET
cjal-9190	305	66	-	-	PUNCT
cjal-9190	305	67	shares	share	NOUN
cjal-9190	305	68	market	market	NOUN
cjal-9190	305	69	was	be	AUX
cjal-9190	305	70	chinese	chinese	ADJ
cjal-9190	305	71	securities	security	NOUN
cjal-9190	305	72	institutions	institution	NOUN
cjal-9190	305	73	.	.	PUNCT
cjal-9190	306	1	securities	security	NOUN
cjal-9190	306	2	institutions	institution	NOUN
cjal-9190	306	3	(	(	PUNCT
cjal-9190	306	4	zheng	zheng	PROPN
cjal-9190	306	5	quan	quan	PROPN
cjal-9190	306	6	ji	ji	PROPN
cjal-9190	306	7	gou	gou	PROPN
cjal-9190	306	8	/	/	SYM
cjal-9190	306	9	quan	quan	PROPN
cjal-9190	306	10	shang	shang	PROPN
cjal-9190	306	11	)	)	PUNCT
cjal-9190	306	12	are	be	AUX
cjal-9190	306	13	the	the	DET
cjal-9190	306	14	chinese	chinese	ADJ
cjal-9190	306	15	version	version	NOUN
cjal-9190	306	16	of	of	ADP
cjal-9190	306	17	international	international	ADJ
cjal-9190	306	18	investment	investment	NOUN
cjal-9190	306	19	banks	bank	NOUN
cjal-9190	306	20	.	.	PUNCT
cjal-9190	307	1	they	they	PRON
cjal-9190	307	2	invest	invest	VERB
cjal-9190	307	3	their	their	PRON
cjal-9190	307	4	own	own	ADJ
cjal-9190	307	5	capital	capital	NOUN
cjal-9190	307	6	and	and	CCONJ
cjal-9190	307	7	the	the	DET
cjal-9190	307	8	capital	capital	NOUN
cjal-9190	307	9	of	of	ADP
cjal-9190	307	10	their	their	PRON
cjal-9190	307	11	clients	client	NOUN
cjal-9190	307	12	in	in	ADP
cjal-9190	307	13	a	a	DET
cjal-9190	307	14	variety	variety	NOUN
cjal-9190	307	15	of	of	ADP
cjal-9190	307	16	investments	investment	NOUN
cjal-9190	307	17	,	,	PUNCT
cjal-9190	307	18	including	include	VERB
cjal-9190	307	19	the	the	DET
cjal-9190	307	20	a	a	DET
cjal-9190	307	21	-	-	PUNCT
cjal-9190	307	22	shares	share	NOUN
cjal-9190	307	23	market.84	market.84	NOUN
cjal-9190	307	24	in	in	ADP
cjal-9190	307	25	2007	2007	NUM
cjal-9190	307	26	and	and	CCONJ
cjal-9190	307	27	2014	2014	NUM
cjal-9190	307	28	,	,	PUNCT
cjal-9190	307	29	the	the	DET
cjal-9190	307	30	government	government	NOUN
cjal-9190	307	31	82	82	NUM
cjal-9190	307	32	zhou	zhou	PROPN
cjal-9190	307	33	jingya	jingya	PROPN
cjal-9190	307	34	,	,	PUNCT
cjal-9190	307	35	nssf	nssf	NOUN
cjal-9190	307	36	indirectly	indirectly	ADV
cjal-9190	307	37	invested	invest	VERB
cjal-9190	307	38	in	in	ADP
cjal-9190	307	39	index	index	NOUN
cjal-9190	307	40	funds	fund	NOUN
cjal-9190	307	41	(	(	PUNCT
cjal-9190	307	42	间接参与”股指期货融资	间接参与”股指期货融资	NOUN
cjal-9190	307	43	融	融	NOUN
cjal-9190	307	44	券	券	PROPN
cjal-9190	307	45	)	)	PUNCT
cjal-9190	307	46	,	,	PUNCT
cjal-9190	307	47	cbn	cbn	PROPN
cjal-9190	307	48	daily	daily	PROPN
cjal-9190	307	49	news	news	PROPN
cjal-9190	307	50	(	(	PUNCT
cjal-9190	307	51	mar	mar	PROPN
cjal-9190	307	52	.	.	PROPN
cjal-9190	307	53	30	30	NUM
cjal-9190	307	54	,	,	PUNCT
cjal-9190	307	55	2010	2010	NUM
cjal-9190	307	56	)	)	PUNCT
cjal-9190	307	57	,	,	PUNCT
cjal-9190	307	58	https://finance.qq.com/a/20100330/000302.htm	https://finance.qq.com/a/20100330/000302.htm	X
cjal-9190	307	59	.	.	PROPN
cjal-9190	307	60	83	83	NUM
cjal-9190	307	61	deng	deng	PROPN
cjal-9190	307	62	xiongying	xiongying	PROPN
cjal-9190	307	63	,	,	PUNCT
cjal-9190	307	64	corporate	corporate	ADJ
cjal-9190	307	65	pension	pension	NOUN
cjal-9190	307	66	fund	fund	NOUN
cjal-9190	307	67	growth	growth	NOUN
cjal-9190	307	68	burst	burst	NOUN
cjal-9190	307	69	(	(	PUNCT
cjal-9190	307	70	3	3	NUM
cjal-9190	307	71	万亿年内可破！年金	万亿年内可破！年金	NOUN
cjal-9190	307	72	规模进入爆发增长期，权益投资占比有望上升	规模进入爆发增长期，权益投资占比有望上升	NOUN
cjal-9190	307	73	)	)	PUNCT
cjal-9190	307	74	,	,	PUNCT
cjal-9190	307	75	securities	security	NOUN
cjal-9190	307	76	daily	daily	ADJ
cjal-9190	307	77	(	(	PUNCT
cjal-9190	307	78	oct	oct	PROPN
cjal-9190	307	79	.	.	PROPN
cjal-9190	307	80	5	5	NUM
cjal-9190	307	81	,	,	PUNCT
cjal-9190	307	82	2020	2020	NUM
cjal-9190	307	83	)	)	PUNCT
cjal-9190	307	84	,	,	PUNCT
cjal-9190	307	85	https://news.stcn.com/sd/202010/t20201005_2407640.html	https://news.stcn.com/sd/202010/t20201005_2407640.html	PROPN
cjal-9190	307	86	.	.	PUNCT
cjal-9190	307	87	84	84	NUM
cjal-9190	307	88	as	as	SCONJ
cjal-9190	307	89	shown	show	VERB
cjal-9190	307	90	in	in	ADP
cjal-9190	307	91	the	the	DET
cjal-9190	307	92	taxonomy	taxonomy	NOUN
cjal-9190	307	93	of	of	ADP
cjal-9190	307	94	institutional	institutional	ADJ
cjal-9190	307	95	investors	investor	NOUN
cjal-9190	307	96	in	in	ADP
cjal-9190	307	97	china	china	PROPN
cjal-9190	307	98	’s	’s	PART
cjal-9190	307	99	a	a	DET
cjal-9190	307	100	-	-	PUNCT
cjal-9190	307	101	shares	share	NOUN
cjal-9190	307	102	market	market	NOUN
cjal-9190	307	103	in	in	ADP
cjal-9190	307	104	chart	chart	NOUN
cjal-9190	307	105	3	3	NUM
cjal-9190	307	106	above	above	ADV
cjal-9190	307	107	,	,	PUNCT
cjal-9190	307	108	there	there	PRON
cjal-9190	307	109	are	be	VERB
cjal-9190	307	110	four	four	NUM
cjal-9190	307	111	types	type	NOUN
cjal-9190	307	112	of	of	ADP
cjal-9190	307	113	securities	security	NOUN
cjal-9190	307	114	institutions	institution	NOUN
cjal-9190	307	115	in	in	ADP
cjal-9190	307	116	china	china	PROPN
cjal-9190	307	117	:	:	PUNCT
cjal-9190	307	118	(	(	PUNCT
cjal-9190	307	119	1	1	X
cjal-9190	307	120	)	)	PUNCT
cjal-9190	307	121	“	"	PUNCT
cjal-9190	307	122	brokerage	brokerage	NOUN
cjal-9190	307	123	proprietary	proprietary	ADJ
cjal-9190	307	124	securities	security	NOUN
cjal-9190	307	125	”	"	PUNCT
cjal-9190	307	126	(	(	PUNCT
cjal-9190	307	127	券商自营	券商自营	NOUN
cjal-9190	307	128	)	)	PUNCT
cjal-9190	307	129	,	,	PUNCT
cjal-9190	307	130	which	which	PRON
cjal-9190	307	131	refers	refer	VERB
cjal-9190	307	132	specifically	specifically	ADV
cjal-9190	307	133	to	to	ADP
cjal-9190	307	134	securities	security	NOUN
cjal-9190	307	135	companies	company	NOUN
cjal-9190	307	136	investing	invest	VERB
cjal-9190	307	137	in	in	ADP
cjal-9190	307	138	their	their	PRON
cjal-9190	307	139	own	own	ADJ
cjal-9190	307	140	name	name	NOUN
cjal-9190	307	141	,	,	PUNCT
cjal-9190	307	142	with	with	ADP
cjal-9190	307	143	their	their	PRON
cjal-9190	307	144	own	own	ADJ
cjal-9190	307	145	funds	fund	NOUN
cjal-9190	307	146	or	or	CCONJ
cjal-9190	307	147	with	with	ADP
cjal-9190	307	148	other	other	ADJ
cjal-9190	307	149	funds	fund	NOUN
cjal-9190	307	150	,	,	PUNCT
cjal-9190	307	151	buying	buy	VERB
cjal-9190	307	152	and	and	CCONJ
cjal-9190	307	153	selling	sell	VERB
cjal-9190	307	154	securities	security	NOUN
cjal-9190	307	155	products	product	NOUN
cjal-9190	307	156	for	for	ADP
cjal-9190	307	157	themselves	themselves	PRON
cjal-9190	307	158	;	;	PUNCT
cjal-9190	307	159	(	(	PUNCT
cjal-9190	307	160	2	2	X
cjal-9190	307	161	)	)	PUNCT
cjal-9190	307	162	“	"	PUNCT
cjal-9190	307	163	brokerage	brokerage	NOUN
cjal-9190	307	164	collective	collective	ADJ
cjal-9190	307	165	wealth	wealth	NOUN
cjal-9190	307	166	management	management	NOUN
cjal-9190	307	167	firms	firm	NOUN
cjal-9190	307	168	”	"	PUNCT
cjal-9190	307	169	(	(	PUNCT
cjal-9190	307	170	券商集合理财	券商集合理财	ADJ
cjal-9190	307	171	)	)	PUNCT
cjal-9190	307	172	,	,	PUNCT
cjal-9190	307	173	which	which	PRON
cjal-9190	307	174	is	be	AUX
cjal-9190	307	175	also	also	ADV
cjal-9190	307	176	known	know	VERB
cjal-9190	307	177	as	as	ADP
cjal-9190	307	178	the	the	DET
cjal-9190	307	179	“	"	PUNCT
cjal-9190	307	180	collective	collective	ADJ
cjal-9190	307	181	asset	asset	NOUN
cjal-9190	307	182	management	management	NOUN
cjal-9190	307	183	business	business	NOUN
cjal-9190	307	184	”	"	PUNCT
cjal-9190	307	185	,	,	PUNCT
cjal-9190	307	186	and	and	CCONJ
cjal-9190	307	187	refers	refer	VERB
cjal-9190	307	188	to	to	ADP
cjal-9190	307	189	a	a	DET
cjal-9190	307	190	financial	financial	ADJ
cjal-9190	307	191	product	product	NOUN
cjal-9190	307	192	issued	issue	VERB
cjal-9190	307	193	by	by	ADP
cjal-9190	307	194	a	a	DET
cjal-9190	307	195	securities	security	NOUN
cjal-9190	307	196	company	company	NOUN
cjal-9190	307	197	that	that	PRON
cjal-9190	307	198	pools	pool	VERB
cjal-9190	307	199	the	the	DET
cjal-9190	307	200	assets	asset	NOUN
cjal-9190	307	201	of	of	ADP
cjal-9190	307	202	its	its	PRON
cjal-9190	307	203	clients	client	NOUN
cjal-9190	307	204	and	and	CCONJ
cjal-9190	307	205	is	be	AUX
cjal-9190	307	206	managed	manage	VERB
cjal-9190	307	207	by	by	ADP
cjal-9190	307	208	professional	professional	ADJ
cjal-9190	307	209	investors	investor	NOUN
cjal-9190	307	210	(	(	PUNCT
cjal-9190	307	211	brokerage	brokerage	NOUN
cjal-9190	307	212	firms	firm	NOUN
cjal-9190	307	213	)	)	PUNCT
cjal-9190	307	214	;	;	PUNCT
cjal-9190	307	215	(	(	PUNCT
cjal-9190	307	216	3	3	X
cjal-9190	307	217	)	)	PUNCT
cjal-9190	307	218	“	"	PUNCT
cjal-9190	307	219	directed	direct	VERB
cjal-9190	307	220	asset	asset	NOUN
cjal-9190	307	221	management	management	NOUN
cjal-9190	307	222	securities	security	NOUN
cjal-9190	307	223	firms	firm	NOUN
cjal-9190	307	224	”	"	PUNCT
cjal-9190	307	225	(	(	PUNCT
cjal-9190	307	226	券商定向资管	券商定向资管	NOUN
cjal-9190	307	227	)	)	PUNCT
cjal-9190	307	228	,	,	PUNCT
cjal-9190	307	229	which	which	PRON
cjal-9190	307	230	mainly	mainly	ADV
cjal-9190	307	231	refers	refer	VERB
cjal-9190	307	232	to	to	ADP
cjal-9190	307	233	the	the	DET
cjal-9190	307	234	activities	activity	NOUN
cjal-9190	307	235	of	of	ADP
cjal-9190	307	236	securities	security	NOUN
cjal-9190	307	237	firms	firm	NOUN
cjal-9190	307	238	accepting	accept	VERB
cjal-9190	307	239	single	single	ADJ
cjal-9190	307	240	client	client	NOUN
cjal-9190	307	241	entrustment	entrustment	NOUN
cjal-9190	307	242	,	,	PUNCT
cjal-9190	307	243	signing	sign	VERB
cjal-9190	307	244	contracts	contract	NOUN
cjal-9190	307	245	with	with	ADP
cjal-9190	307	246	clients	client	NOUN
cjal-9190	307	247	,	,	PUNCT
cjal-9190	307	248	and	and	CCONJ
cjal-9190	307	249	managing	manage	VERB
cjal-9190	307	250	client	client	NOUN
cjal-9190	307	251	entrusted	entrust	VERB
cjal-9190	307	252	assets	asset	NOUN
cjal-9190	307	253	2022	2022	NUM
cjal-9190	307	254	]	]	PUNCT
cjal-9190	307	255	columbia	columbia	PROPN
cjal-9190	307	256	journal	journal	PROPN
cjal-9190	307	257	of	of	ADP
cjal-9190	307	258	asian	asian	ADJ
cjal-9190	307	259	law	law	PROPN
cjal-9190	307	260	101	101	NUM
cjal-9190	307	261	enacted	enact	VERB
cjal-9190	307	262	several	several	ADJ
cjal-9190	307	263	policies	policy	NOUN
cjal-9190	307	264	which	which	PRON
cjal-9190	307	265	provided	provide	VERB
cjal-9190	307	266	greater	great	ADJ
cjal-9190	307	267	access	access	NOUN
cjal-9190	307	268	to	to	ADP
cjal-9190	307	269	,	,	PUNCT
cjal-9190	307	270	and	and	CCONJ
cjal-9190	307	271	accelerated	accelerate	VERB
cjal-9190	307	272	trading	trading	NOUN
cjal-9190	307	273	in	in	ADP
cjal-9190	307	274	,	,	PUNCT
cjal-9190	307	275	the	the	DET
cjal-9190	307	276	a	a	DET
cjal-9190	307	277	-	-	PUNCT
cjal-9190	307	278	shares	share	NOUN
cjal-9190	307	279	market	market	NOUN
cjal-9190	307	280	.	.	PUNCT
cjal-9190	308	1	these	these	DET
cjal-9190	308	2	reforms	reform	NOUN
cjal-9190	308	3	appear	appear	VERB
cjal-9190	308	4	to	to	PART
cjal-9190	308	5	have	have	AUX
cjal-9190	308	6	sparked	spark	VERB
cjal-9190	308	7	the	the	DET
cjal-9190	308	8	establishment	establishment	NOUN
cjal-9190	308	9	of	of	ADP
cjal-9190	308	10	securities	security	NOUN
cjal-9190	308	11	institutions	institution	NOUN
cjal-9190	308	12	as	as	ADP
cjal-9190	308	13	significant	significant	ADJ
cjal-9190	308	14	institutional	institutional	ADJ
cjal-9190	308	15	investors	investor	NOUN
cjal-9190	308	16	in	in	ADP
cjal-9190	308	17	2007	2007	NUM
cjal-9190	308	18	and	and	CCONJ
cjal-9190	308	19	propelled	propel	VERB
cjal-9190	308	20	their	their	PRON
cjal-9190	308	21	growth	growth	NOUN
cjal-9190	308	22	after	after	ADP
cjal-9190	308	23	2014	2014	NUM
cjal-9190	308	24	.	.	PUNCT
cjal-9190	309	1	as	as	SCONJ
cjal-9190	309	2	shown	show	VERB
cjal-9190	309	3	in	in	ADP
cjal-9190	309	4	chart	chart	NOUN
cjal-9190	309	5	1	1	NUM
cjal-9190	309	6	and	and	CCONJ
cjal-9190	309	7	chart	chart	NOUN
cjal-9190	309	8	2	2	NUM
cjal-9190	309	9	above	above	ADV
cjal-9190	309	10	,	,	PUNCT
cjal-9190	309	11	securities	security	NOUN
cjal-9190	309	12	institutions	institution	NOUN
cjal-9190	309	13	first	first	ADV
cjal-9190	309	14	accounted	account	VERB
cjal-9190	309	15	for	for	ADP
cjal-9190	309	16	an	an	DET
cjal-9190	309	17	extremely	extremely	ADV
cjal-9190	309	18	small	small	ADJ
cjal-9190	309	19	percentage	percentage	NOUN
cjal-9190	309	20	of	of	ADP
cjal-9190	309	21	the	the	DET
cjal-9190	309	22	a	a	DET
cjal-9190	309	23	-	-	PUNCT
cjal-9190	309	24	shares	share	NOUN
cjal-9190	309	25	market	market	NOUN
cjal-9190	309	26	in	in	ADP
cjal-9190	309	27	2007	2007	NUM
cjal-9190	309	28	;	;	PUNCT
cjal-9190	309	29	but	but	CCONJ
cjal-9190	309	30	since	since	SCONJ
cjal-9190	309	31	2016	2016	NUM
cjal-9190	309	32	have	have	AUX
cjal-9190	309	33	consistently	consistently	ADV
cjal-9190	309	34	accounted	account	VERB
cjal-9190	309	35	for	for	ADP
cjal-9190	309	36	approximately	approximately	ADV
cjal-9190	309	37	1	1	NUM
cjal-9190	309	38	%	%	NOUN
cjal-9190	309	39	of	of	ADP
cjal-9190	309	40	the	the	DET
cjal-9190	309	41	total	total	ADJ
cjal-9190	309	42	capitalization	capitalization	NOUN
cjal-9190	309	43	and	and	CCONJ
cjal-9190	309	44	3	3	NUM
cjal-9190	309	45	%	%	NOUN
cjal-9190	309	46	of	of	ADP
cjal-9190	309	47	the	the	DET
cjal-9190	309	48	free	free	ADJ
cjal-9190	309	49	-	-	PUNCT
cjal-9190	309	50	float	float	NOUN
cjal-9190	309	51	of	of	ADP
cjal-9190	309	52	the	the	DET
cjal-9190	309	53	market	market	NOUN
cjal-9190	309	54	.	.	PUNCT
cjal-9190	310	1	the	the	DET
cjal-9190	310	2	fifth	fifth	ADJ
cjal-9190	310	3	major	major	ADJ
cjal-9190	310	4	type	type	NOUN
cjal-9190	310	5	of	of	ADP
cjal-9190	310	6	domestic	domestic	ADJ
cjal-9190	310	7	institutional	institutional	ADJ
cjal-9190	310	8	investor	investor	NOUN
cjal-9190	310	9	to	to	PART
cjal-9190	310	10	enter	enter	VERB
cjal-9190	310	11	the	the	DET
cjal-9190	310	12	chinese	chinese	ADJ
cjal-9190	310	13	a	a	DET
cjal-9190	310	14	-	-	PUNCT
cjal-9190	310	15	shares	share	NOUN
cjal-9190	310	16	market	market	NOUN
cjal-9190	310	17	was	be	AUX
cjal-9190	310	18	trust	trust	NOUN
cjal-9190	310	19	companies	company	NOUN
cjal-9190	310	20	.	.	PUNCT
cjal-9190	311	1	prior	prior	ADV
cjal-9190	311	2	to	to	ADP
cjal-9190	311	3	2012	2012	NUM
cjal-9190	311	4	,	,	PUNCT
cjal-9190	311	5	the	the	DET
cjal-9190	311	6	csrc	csrc	NOUN
cjal-9190	311	7	had	have	VERB
cjal-9190	311	8	strict	strict	ADJ
cjal-9190	311	9	restrictions	restriction	NOUN
cjal-9190	311	10	on	on	ADP
cjal-9190	311	11	the	the	DET
cjal-9190	311	12	ability	ability	NOUN
cjal-9190	311	13	of	of	ADP
cjal-9190	311	14	trust	trust	NOUN
cjal-9190	311	15	companies	company	NOUN
cjal-9190	311	16	to	to	PART
cjal-9190	311	17	hold	hold	VERB
cjal-9190	311	18	a	a	DET
cjal-9190	311	19	-	-	PUNCT
cjal-9190	311	20	shares	share	NOUN
cjal-9190	311	21	.	.	PUNCT
cjal-9190	312	1	in	in	ADP
cjal-9190	312	2	august	august	PROPN
cjal-9190	312	3	2012	2012	NUM
cjal-9190	312	4	,	,	PUNCT
cjal-9190	312	5	a	a	DET
cjal-9190	312	6	notice	notice	NOUN
cjal-9190	312	7	was	be	AUX
cjal-9190	312	8	issued	issue	VERB
cjal-9190	312	9	to	to	PART
cjal-9190	312	10	officially	officially	ADV
cjal-9190	312	11	abolish	abolish	VERB
cjal-9190	312	12	the	the	DET
cjal-9190	312	13	restrictions	restriction	NOUN
cjal-9190	312	14	on	on	ADP
cjal-9190	312	15	trust	trust	NOUN
cjal-9190	312	16	companies	company	NOUN
cjal-9190	312	17	investing	invest	VERB
cjal-9190	312	18	their	their	PRON
cjal-9190	312	19	funds	fund	NOUN
cjal-9190	312	20	on	on	ADP
cjal-9190	312	21	the	the	DET
cjal-9190	312	22	stock	stock	NOUN
cjal-9190	312	23	exchange.85	exchange.85	NOUN
cjal-9190	312	24	as	as	ADP
cjal-9190	312	25	of	of	ADP
cjal-9190	312	26	2018	2018	NUM
cjal-9190	312	27	,	,	PUNCT
cjal-9190	312	28	trust	trust	NOUN
cjal-9190	312	29	companies	company	NOUN
cjal-9190	312	30	accounted	account	VERB
cjal-9190	312	31	for	for	ADP
cjal-9190	312	32	0.7	0.7	NUM
cjal-9190	312	33	%	%	NOUN
cjal-9190	312	34	of	of	ADP
cjal-9190	312	35	the	the	DET
cjal-9190	312	36	total	total	ADJ
cjal-9190	312	37	capitalization	capitalization	NOUN
cjal-9190	312	38	and	and	CCONJ
cjal-9190	312	39	1.5	1.5	NUM
cjal-9190	312	40	%	%	NOUN
cjal-9190	312	41	of	of	ADP
cjal-9190	312	42	the	the	DET
cjal-9190	312	43	free	free	ADJ
cjal-9190	312	44	-	-	PUNCT
cjal-9190	312	45	float	float	NOUN
cjal-9190	312	46	of	of	ADP
cjal-9190	312	47	the	the	DET
cjal-9190	312	48	a	a	DET
cjal-9190	312	49	-	-	PUNCT
cjal-9190	312	50	shares	share	NOUN
cjal-9190	312	51	market	market	NOUN
cjal-9190	312	52	.	.	PUNCT
cjal-9190	313	1	the	the	DET
cjal-9190	313	2	sixth	sixth	ADJ
cjal-9190	313	3	major	major	ADJ
cjal-9190	313	4	type	type	NOUN
cjal-9190	313	5	of	of	ADP
cjal-9190	313	6	domestic	domestic	ADJ
cjal-9190	313	7	institutional	institutional	ADJ
cjal-9190	313	8	investor	investor	NOUN
cjal-9190	313	9	to	to	PART
cjal-9190	313	10	enter	enter	VERB
cjal-9190	313	11	the	the	DET
cjal-9190	313	12	chinese	chinese	ADJ
cjal-9190	313	13	a	a	DET
cjal-9190	313	14	-	-	PUNCT
cjal-9190	313	15	shares	share	NOUN
cjal-9190	313	16	market	market	NOUN
cjal-9190	313	17	was	be	AUX
cjal-9190	313	18	private	private	ADJ
cjal-9190	313	19	investment	investment	NOUN
cjal-9190	313	20	funds	fund	NOUN
cjal-9190	313	21	.	.	PUNCT
cjal-9190	314	1	these	these	PRON
cjal-9190	314	2	are	be	AUX
cjal-9190	314	3	private	private	ADJ
cjal-9190	314	4	funds	fund	NOUN
cjal-9190	314	5	,	,	PUNCT
cjal-9190	314	6	which	which	PRON
cjal-9190	314	7	normally	normally	ADV
cjal-9190	314	8	receive	receive	VERB
cjal-9190	314	9	their	their	PRON
cjal-9190	314	10	capital	capital	NOUN
cjal-9190	314	11	from	from	ADP
cjal-9190	314	12	high	high	ADJ
cjal-9190	314	13	-	-	PUNCT
cjal-9190	314	14	networth	networth	NOUN
cjal-9190	314	15	individuals	individual	NOUN
cjal-9190	314	16	and	and	CCONJ
cjal-9190	314	17	are	be	AUX
cjal-9190	314	18	managed	manage	VERB
cjal-9190	314	19	by	by	ADP
cjal-9190	314	20	investment	investment	NOUN
cjal-9190	314	21	professionals	professional	NOUN
cjal-9190	314	22	who	who	PRON
cjal-9190	314	23	launch	launch	VERB
cjal-9190	314	24	such	such	ADJ
cjal-9190	314	25	funds	fund	NOUN
cjal-9190	314	26	.	.	PUNCT
cjal-9190	315	1	private	private	ADJ
cjal-9190	315	2	investment	investment	NOUN
cjal-9190	315	3	funds	fund	NOUN
cjal-9190	315	4	have	have	AUX
cjal-9190	315	5	existed	exist	VERB
cjal-9190	315	6	since	since	SCONJ
cjal-9190	315	7	the	the	DET
cjal-9190	315	8	early	early	ADJ
cjal-9190	315	9	2000s	2000s	NUM
cjal-9190	315	10	.	.	PUNCT
cjal-9190	316	1	however	however	ADV
cjal-9190	316	2	,	,	PUNCT
cjal-9190	316	3	historically	historically	ADV
cjal-9190	316	4	,	,	PUNCT
cjal-9190	316	5	due	due	ADP
cjal-9190	316	6	to	to	ADP
cjal-9190	316	7	legal	legal	ADJ
cjal-9190	316	8	restrictions	restriction	NOUN
cjal-9190	316	9	on	on	ADP
cjal-9190	316	10	the	the	DET
cjal-9190	316	11	establishment	establishment	NOUN
cjal-9190	316	12	of	of	ADP
cjal-9190	316	13	private	private	ADJ
cjal-9190	316	14	investment	investment	NOUN
cjal-9190	316	15	funds	fund	NOUN
cjal-9190	316	16	,	,	PUNCT
cjal-9190	316	17	they	they	PRON
cjal-9190	316	18	could	could	AUX
cjal-9190	316	19	only	only	ADV
cjal-9190	316	20	invest	invest	VERB
cjal-9190	316	21	in	in	ADP
cjal-9190	316	22	the	the	DET
cjal-9190	316	23	stock	stock	NOUN
cjal-9190	316	24	market	market	NOUN
cjal-9190	316	25	indirectly	indirectly	ADV
cjal-9190	316	26	by	by	ADP
cjal-9190	316	27	opening	open	VERB
cjal-9190	316	28	accounts	account	NOUN
cjal-9190	316	29	in	in	ADP
cjal-9190	316	30	the	the	DET
cjal-9190	316	31	name	name	NOUN
cjal-9190	316	32	of	of	ADP
cjal-9190	316	33	corporations	corporation	NOUN
cjal-9190	316	34	,	,	PUNCT
cjal-9190	316	35	partnerships	partnership	NOUN
cjal-9190	316	36	,	,	PUNCT
cjal-9190	316	37	or	or	CCONJ
cjal-9190	316	38	purchasing	purchase	VERB
cjal-9190	316	39	products	product	NOUN
cjal-9190	316	40	from	from	ADP
cjal-9190	316	41	trust	trust	NOUN
cjal-9190	316	42	companies	company	NOUN
cjal-9190	316	43	.	.	PUNCT
cjal-9190	317	1	this	this	DET
cjal-9190	317	2	restriction	restriction	NOUN
cjal-9190	317	3	resulted	result	VERB
cjal-9190	317	4	in	in	ADP
cjal-9190	317	5	private	private	ADJ
cjal-9190	317	6	investment	investment	NOUN
cjal-9190	317	7	funds	fund	NOUN
cjal-9190	317	8	incurring	incur	VERB
cjal-9190	317	9	high	high	ADJ
cjal-9190	317	10	operational	operational	ADJ
cjal-9190	317	11	costs	cost	NOUN
cjal-9190	317	12	.	.	PUNCT
cjal-9190	318	1	in	in	ADP
cjal-9190	318	2	2014	2014	NUM
cjal-9190	318	3	,	,	PUNCT
cjal-9190	318	4	the	the	DET
cjal-9190	318	5	securities	security	NOUN
cjal-9190	318	6	investment	investment	NOUN
cjal-9190	318	7	fund	fund	NOUN
cjal-9190	318	8	law	law	NOUN
cjal-9190	318	9	was	be	AUX
cjal-9190	318	10	amended	amend	VERB
cjal-9190	318	11	to	to	PART
cjal-9190	318	12	explicitly	explicitly	ADV
cjal-9190	318	13	recognize	recognize	VERB
cjal-9190	318	14	private	private	ADJ
cjal-9190	318	15	investment	investment	NOUN
cjal-9190	318	16	funds	fund	NOUN
cjal-9190	318	17	and	and	CCONJ
cjal-9190	318	18	permit	permit	VERB
cjal-9190	318	19	them	they	PRON
cjal-9190	318	20	to	to	PART
cjal-9190	318	21	open	open	VERB
cjal-9190	318	22	trading	trading	NOUN
cjal-9190	318	23	accounts	account	NOUN
cjal-9190	318	24	to	to	PART
cjal-9190	318	25	invest	invest	VERB
cjal-9190	318	26	directly	directly	ADV
cjal-9190	318	27	in	in	ADP
cjal-9190	318	28	the	the	DET
cjal-9190	318	29	a	a	DET
cjal-9190	318	30	-	-	PUNCT
cjal-9190	318	31	shares	share	NOUN
cjal-9190	318	32	market.86	market.86	NOUN
cjal-9190	318	33	as	as	SCONJ
cjal-9190	318	34	can	can	AUX
cjal-9190	318	35	be	be	AUX
cjal-9190	318	36	seen	see	VERB
cjal-9190	318	37	in	in	ADP
cjal-9190	318	38	chart	chart	NOUN
cjal-9190	318	39	1	1	NUM
cjal-9190	318	40	and	and	CCONJ
cjal-9190	318	41	chart	chart	NOUN
cjal-9190	318	42	2	2	NUM
cjal-9190	318	43	above	above	ADV
cjal-9190	318	44	,	,	PUNCT
cjal-9190	318	45	through	through	ADP
cjal-9190	318	46	clients	client	NOUN
cjal-9190	318	47	’	'	PUNCT
cjal-9190	318	48	accounts	account	NOUN
cjal-9190	318	49	according	accord	VERB
cjal-9190	318	50	to	to	ADP
cjal-9190	318	51	the	the	DET
cjal-9190	318	52	manner	manner	NOUN
cjal-9190	318	53	,	,	PUNCT
cjal-9190	318	54	conditions	condition	NOUN
cjal-9190	318	55	,	,	PUNCT
cjal-9190	318	56	requirements	requirement	NOUN
cjal-9190	318	57	and	and	CCONJ
cjal-9190	318	58	restrictions	restriction	NOUN
cjal-9190	318	59	agreed	agree	VERB
cjal-9190	318	60	in	in	ADP
cjal-9190	318	61	the	the	DET
cjal-9190	318	62	contracts	contract	NOUN
cjal-9190	318	63	;	;	PUNCT
cjal-9190	318	64	and	and	CCONJ
cjal-9190	318	65	,	,	PUNCT
cjal-9190	318	66	(	(	PUNCT
cjal-9190	318	67	4	4	X
cjal-9190	318	68	)	)	PUNCT
cjal-9190	318	69	“	"	PUNCT
cjal-9190	318	70	dedicated	dedicated	ADJ
cjal-9190	318	71	asset	asset	NOUN
cjal-9190	318	72	management	management	NOUN
cjal-9190	318	73	by	by	ADP
cjal-9190	318	74	securities	security	NOUN
cjal-9190	318	75	companies	company	NOUN
cjal-9190	318	76	”	"	PUNCT
cjal-9190	318	77	(	(	PUNCT
cjal-9190	318	78	券商专项计划	券商专项计划	PROPN
cjal-9190	318	79	)	)	PUNCT
cjal-9190	318	80	,	,	PUNCT
cjal-9190	318	81	which	which	PRON
cjal-9190	318	82	mainly	mainly	ADV
cjal-9190	318	83	refers	refer	VERB
cjal-9190	318	84	to	to	ADP
cjal-9190	318	85	asset	asset	NOUN
cjal-9190	318	86	securitization	securitization	NOUN
cjal-9190	318	87	financing	financing	NOUN
cjal-9190	318	88	.	.	PUNCT
cjal-9190	319	1	85	85	NUM
cjal-9190	319	2	zhongguo	zhongguo	PROPN
cjal-9190	319	3	zhengquan	zhengquan	PROPN
cjal-9190	319	4	dengji	dengji	PROPN
cjal-9190	319	5	jiesuan	jiesuan	PROPN
cjal-9190	319	6	youoxian	youoxian	PROPN
cjal-9190	319	7	zeren	zeren	PROPN
cjal-9190	319	8	goongsi	goongsi	PROPN
cjal-9190	319	9	guanyu	guanyu	PROPN
cjal-9190	319	10	xintuo	xintuo	PROPN
cjal-9190	319	11	chanpin	chanpin	PROPN
cjal-9190	319	12	kaihu	kaihu	PROPN
cjal-9190	319	13	yu	yu	PROPN
cjal-9190	319	14	jiesuan	jiesuan	PROPN
cjal-9190	319	15	youguan	youguan	PROPN
cjal-9190	319	16	wenti	wenti	PROPN
cjal-9190	319	17	de	de	PROPN
cjal-9190	319	18	tongzhi	tongzhi	PROPN
cjal-9190	319	19	(	(	PUNCT
cjal-9190	319	20	中国证券登记结算有限	中国证券登记结算有限	NOUN
cjal-9190	319	21	责任公司关于信托产品开户与结算有关问题的通知	责任公司关于信托产品开户与结算有关问题的通知	PROPN
cjal-9190	319	22	)	)	PUNCT
cjal-9190	320	1	[	[	X
cjal-9190	320	2	notice	notice	NOUN
cjal-9190	320	3	of	of	ADP
cjal-9190	320	4	the	the	DET
cjal-9190	320	5	china	china	PROPN
cjal-9190	320	6	securities	securities	PROPN
cjal-9190	320	7	depository	depository	PROPN
cjal-9190	320	8	and	and	CCONJ
cjal-9190	320	9	clearing	clearing	NOUN
cjal-9190	320	10	corporation	corporation	NOUN
cjal-9190	320	11	limited	limit	VERB
cjal-9190	320	12	on	on	ADP
cjal-9190	320	13	issues	issue	NOUN
cjal-9190	320	14	concerning	concern	VERB
cjal-9190	320	15	the	the	DET
cjal-9190	320	16	account	account	NOUN
cjal-9190	320	17	opening	opening	NOUN
cjal-9190	320	18	and	and	CCONJ
cjal-9190	320	19	settlement	settlement	NOUN
cjal-9190	320	20	for	for	ADP
cjal-9190	320	21	trust	trust	NOUN
cjal-9190	320	22	products	product	NOUN
cjal-9190	320	23	]	]	PUNCT
cjal-9190	320	24	(	(	PUNCT
cjal-9190	320	25	promulgated	promulgate	VERB
cjal-9190	320	26	by	by	ADP
cjal-9190	320	27	the	the	DET
cjal-9190	320	28	china	china	PROPN
cjal-9190	320	29	securities	securities	PROPN
cjal-9190	320	30	depository	depository	PROPN
cjal-9190	320	31	&	&	CCONJ
cjal-9190	320	32	clearing	clearing	PROPN
cjal-9190	320	33	co.	co.	PROPN
cjal-9190	320	34	,	,	PUNCT
cjal-9190	320	35	ltd	ltd	PROPN
cjal-9190	320	36	.	.	PROPN
cjal-9190	320	37	(	(	PUNCT
cjal-9190	320	38	csdc	csdc	NUM
cjal-9190	320	39	)	)	PUNCT
cjal-9190	320	40	,	,	PUNCT
cjal-9190	320	41	aug	aug	PROPN
cjal-9190	320	42	.	.	PROPN
cjal-9190	320	43	31	31	NUM
cjal-9190	320	44	,	,	PUNCT
cjal-9190	320	45	2004	2004	NUM
cjal-9190	320	46	,	,	PUNCT
cjal-9190	320	47	effective	effective	ADJ
cjal-9190	320	48	aug	aug	PROPN
cjal-9190	320	49	.	.	PROPN
cjal-9190	320	50	31	31	NUM
cjal-9190	320	51	,	,	PUNCT
cjal-9190	320	52	2004	2004	NUM
cjal-9190	320	53	)	)	PUNCT
cjal-9190	320	54	,	,	PUNCT
cjal-9190	320	55	available	available	ADJ
cjal-9190	320	56	at	at	ADP
cjal-9190	320	57	http://lawinfochina.com/display.aspx?id=a007308c15320202bdfb&lib=law	http://lawinfochina.com/display.aspx?id=a007308c15320202bdfb&lib=law	PROPN
cjal-9190	320	58	86	86	NUM
cjal-9190	320	59	csdc	csdc	NUM
cjal-9190	320	60	,	,	PUNCT
cjal-9190	320	61	zhou	zhou	PROPN
cjal-9190	320	62	ming	ming	PROPN
cjal-9190	320	63	:	:	PUNCT
cjal-9190	320	64	private	private	ADJ
cjal-9190	320	65	investment	investment	NOUN
cjal-9190	320	66	funds	fund	NOUN
cjal-9190	320	67	now	now	ADV
cjal-9190	320	68	admitted	admit	VERB
cjal-9190	320	69	for	for	ADP
cjal-9190	320	70	account	account	NOUN
cjal-9190	320	71	opening	opening	NOUN
cjal-9190	320	72	and	and	CCONJ
cjal-9190	320	73	trading	trading	NOUN
cjal-9190	320	74	(	(	PUNCT
cjal-9190	320	75	apr	apr	NOUN
cjal-9190	320	76	.	.	PROPN
cjal-9190	320	77	1	1	NUM
cjal-9190	320	78	,	,	PUNCT
cjal-9190	320	79	2014	2014	NUM
cjal-9190	320	80	)	)	PUNCT
cjal-9190	320	81	,	,	PUNCT
cjal-9190	320	82	http://www.chinaclear.cn/english/sdc/201404/017e5994a0f34ba680b4ced5dd8f7a1	http://www.chinaclear.cn/english/sdc/201404/017e5994a0f34ba680b4ced5dd8f7a1	PROPN
cjal-9190	320	83	8.shtml	8.shtml	NUM
cjal-9190	320	84	.	.	PUNCT
cjal-9190	321	1	102	102	NUM
cjal-9190	321	2	institutional	institutional	ADJ
cjal-9190	321	3	investors	investor	NOUN
cjal-9190	321	4	in	in	ADP
cjal-9190	321	5	china	china	PROPN
cjal-9190	321	6	[	[	X
cjal-9190	321	7	vol	vol	NOUN
cjal-9190	321	8	.	.	PUNCT
cjal-9190	321	9	35	35	NUM
cjal-9190	321	10	:	:	SYM
cjal-9190	321	11	74	74	NUM
cjal-9190	321	12	this	this	DET
cjal-9190	321	13	change	change	NOUN
cjal-9190	321	14	in	in	ADP
cjal-9190	321	15	the	the	DET
cjal-9190	321	16	law	law	NOUN
cjal-9190	321	17	created	create	VERB
cjal-9190	321	18	a	a	DET
cjal-9190	321	19	significant	significant	ADJ
cjal-9190	321	20	new	new	ADJ
cjal-9190	321	21	category	category	NOUN
cjal-9190	321	22	of	of	ADP
cjal-9190	321	23	institutional	institutional	ADJ
cjal-9190	321	24	investor	investor	NOUN
cjal-9190	321	25	,	,	PUNCT
cjal-9190	321	26	which	which	PRON
cjal-9190	321	27	by	by	ADP
cjal-9190	321	28	2018	2018	NUM
cjal-9190	321	29	accounted	account	VERB
cjal-9190	321	30	for	for	ADP
cjal-9190	321	31	3.6	3.6	NUM
cjal-9190	321	32	%	%	NOUN
cjal-9190	321	33	of	of	ADP
cjal-9190	321	34	the	the	DET
cjal-9190	321	35	total	total	ADJ
cjal-9190	321	36	capitalization	capitalization	NOUN
cjal-9190	321	37	and	and	CCONJ
cjal-9190	321	38	9.2	9.2	NUM
cjal-9190	321	39	%	%	NOUN
cjal-9190	321	40	of	of	ADP
cjal-9190	321	41	the	the	DET
cjal-9190	321	42	free	free	ADJ
cjal-9190	321	43	-	-	PUNCT
cjal-9190	321	44	float	float	NOUN
cjal-9190	321	45	of	of	ADP
cjal-9190	321	46	the	the	DET
cjal-9190	321	47	a	a	DET
cjal-9190	321	48	-	-	PUNCT
cjal-9190	321	49	shares	share	NOUN
cjal-9190	321	50	market	market	NOUN
cjal-9190	321	51	.	.	PUNCT
cjal-9190	322	1	there	there	PRON
cjal-9190	322	2	are	be	VERB
cjal-9190	322	3	four	four	NUM
cjal-9190	322	4	conclusions	conclusion	NOUN
cjal-9190	322	5	that	that	PRON
cjal-9190	322	6	can	can	AUX
cjal-9190	322	7	be	be	AUX
cjal-9190	322	8	drawn	draw	VERB
cjal-9190	322	9	from	from	ADP
cjal-9190	322	10	the	the	DET
cjal-9190	322	11	domestic	domestic	ADJ
cjal-9190	322	12	side	side	NOUN
cjal-9190	322	13	of	of	ADP
cjal-9190	322	14	the	the	DET
cjal-9190	322	15	china	china	PROPN
cjal-9190	322	16	institutional	institutional	ADJ
cjal-9190	322	17	investor	investor	NOUN
cjal-9190	322	18	taxonomy	taxonomy	NOUN
cjal-9190	322	19	.	.	PUNCT
cjal-9190	323	1	first	first	ADV
cjal-9190	323	2	,	,	PUNCT
cjal-9190	323	3	the	the	DET
cjal-9190	323	4	government	government	NOUN
cjal-9190	323	5	has	have	AUX
cjal-9190	323	6	consistently	consistently	ADV
cjal-9190	323	7	promoted	promote	VERB
cjal-9190	323	8	the	the	DET
cjal-9190	323	9	growth	growth	NOUN
cjal-9190	323	10	of	of	ADP
cjal-9190	323	11	institutional	institutional	ADJ
cjal-9190	323	12	investors	investor	NOUN
cjal-9190	323	13	in	in	ADP
cjal-9190	323	14	the	the	DET
cjal-9190	323	15	a	a	DET
cjal-9190	323	16	-	-	PUNCT
cjal-9190	323	17	shares	share	NOUN
cjal-9190	323	18	market	market	NOUN
cjal-9190	323	19	.	.	PUNCT
cjal-9190	324	1	since	since	SCONJ
cjal-9190	324	2	the	the	DET
cjal-9190	324	3	1990s	1990s	NUM
cjal-9190	324	4	,	,	PUNCT
cjal-9190	324	5	the	the	DET
cjal-9190	324	6	government	government	NOUN
cjal-9190	324	7	has	have	AUX
cjal-9190	324	8	had	have	VERB
cjal-9190	324	9	an	an	DET
cjal-9190	324	10	explicit	explicit	ADJ
cjal-9190	324	11	policy	policy	NOUN
cjal-9190	324	12	of	of	ADP
cjal-9190	324	13	expanding	expand	VERB
cjal-9190	324	14	the	the	DET
cjal-9190	324	15	size	size	NOUN
cjal-9190	324	16	and	and	CCONJ
cjal-9190	324	17	scope	scope	NOUN
cjal-9190	324	18	of	of	ADP
cjal-9190	324	19	domestic	domestic	ADJ
cjal-9190	324	20	institutional	institutional	ADJ
cjal-9190	324	21	investors	investor	NOUN
cjal-9190	324	22	.	.	PUNCT
cjal-9190	325	1	it	it	PRON
cjal-9190	325	2	has	have	AUX
cjal-9190	325	3	achieved	achieve	VERB
cjal-9190	325	4	this	this	PRON
cjal-9190	325	5	by	by	ADP
cjal-9190	325	6	making	make	VERB
cjal-9190	325	7	the	the	DET
cjal-9190	325	8	growth	growth	NOUN
cjal-9190	325	9	of	of	ADP
cjal-9190	325	10	institutional	institutional	ADJ
cjal-9190	325	11	investors	investor	NOUN
cjal-9190	325	12	an	an	DET
cjal-9190	325	13	explicit	explicit	ADJ
cjal-9190	325	14	policy	policy	NOUN
cjal-9190	325	15	of	of	ADP
cjal-9190	325	16	the	the	DET
cjal-9190	325	17	ccp	ccp	PROPN
cjal-9190	325	18	and	and	CCONJ
cjal-9190	325	19	,	,	PUNCT
cjal-9190	325	20	in	in	ADP
cjal-9190	325	21	turn	turn	NOUN
cjal-9190	325	22	,	,	PUNCT
cjal-9190	325	23	by	by	ADP
cjal-9190	325	24	consistently	consistently	ADV
cjal-9190	325	25	promulgating	promulgate	VERB
cjal-9190	325	26	laws	law	NOUN
cjal-9190	325	27	relaxing	relax	VERB
cjal-9190	325	28	investment	investment	NOUN
cjal-9190	325	29	restrictions	restriction	NOUN
cjal-9190	325	30	to	to	PART
cjal-9190	325	31	encourage	encourage	VERB
cjal-9190	325	32	an	an	DET
cjal-9190	325	33	increasingly	increasingly	ADV
cjal-9190	325	34	wide	wide	ADJ
cjal-9190	325	35	scope	scope	NOUN
cjal-9190	325	36	of	of	ADP
cjal-9190	325	37	financial	financial	ADJ
cjal-9190	325	38	institutions	institution	NOUN
cjal-9190	325	39	and	and	CCONJ
cjal-9190	325	40	investment	investment	NOUN
cjal-9190	325	41	managers	manager	NOUN
cjal-9190	325	42	to	to	PART
cjal-9190	325	43	invest	invest	VERB
cjal-9190	325	44	their	their	PRON
cjal-9190	325	45	capital	capital	NOUN
cjal-9190	325	46	in	in	ADP
cjal-9190	325	47	the	the	DET
cjal-9190	325	48	a	a	DET
cjal-9190	325	49	-	-	PUNCT
cjal-9190	325	50	shares	share	NOUN
cjal-9190	325	51	market	market	NOUN
cjal-9190	325	52	.	.	PUNCT
cjal-9190	326	1	this	this	PRON
cjal-9190	326	2	has	have	AUX
cjal-9190	326	3	made	make	VERB
cjal-9190	326	4	domestic	domestic	ADJ
cjal-9190	326	5	institutional	institutional	ADJ
cjal-9190	326	6	investors	investor	NOUN
cjal-9190	326	7	the	the	DET
cjal-9190	326	8	primary	primary	ADJ
cjal-9190	326	9	driver	driver	NOUN
cjal-9190	326	10	of	of	ADP
cjal-9190	326	11	the	the	DET
cjal-9190	326	12	growth	growth	NOUN
cjal-9190	326	13	within	within	ADP
cjal-9190	326	14	institutional	institutional	ADJ
cjal-9190	326	15	investors	investor	NOUN
cjal-9190	326	16	in	in	ADP
cjal-9190	326	17	china	china	PROPN
cjal-9190	326	18	and	and	CCONJ
cjal-9190	326	19	resulted	result	VERB
cjal-9190	326	20	in	in	ADP
cjal-9190	326	21	china	china	PROPN
cjal-9190	326	22	having	have	VERB
cjal-9190	326	23	the	the	DET
cjal-9190	326	24	world	world	NOUN
cjal-9190	326	25	’s	’s	PART
cjal-9190	326	26	most	most	ADV
cjal-9190	326	27	important	important	ADJ
cjal-9190	326	28	growth	growth	NOUN
cjal-9190	326	29	market	market	NOUN
cjal-9190	326	30	for	for	ADP
cjal-9190	326	31	asset	asset	NOUN
cjal-9190	326	32	management	management	NOUN
cjal-9190	326	33	.	.	PUNCT
cjal-9190	327	1	second	second	ADJ
cjal-9190	327	2	,	,	PUNCT
cjal-9190	327	3	as	as	SCONJ
cjal-9190	327	4	china	china	PROPN
cjal-9190	327	5	’s	’s	PART
cjal-9190	327	6	market	market	NOUN
cjal-9190	327	7	for	for	ADP
cjal-9190	327	8	institutional	institutional	ADJ
cjal-9190	327	9	investors	investor	NOUN
cjal-9190	327	10	has	have	AUX
cjal-9190	327	11	grown	grow	VERB
cjal-9190	327	12	,	,	PUNCT
cjal-9190	327	13	it	it	PRON
cjal-9190	327	14	has	have	AUX
cjal-9190	327	15	become	become	AUX
cjal-9190	327	16	increasingly	increasingly	ADV
cjal-9190	327	17	atomized	atomize	VERB
cjal-9190	327	18	.	.	PUNCT
cjal-9190	328	1	as	as	SCONJ
cjal-9190	328	2	illuminated	illuminated	ADJ
cjal-9190	328	3	above	above	ADP
cjal-9190	328	4	sifs	sif	NOUN
cjal-9190	328	5	were	be	AUX
cjal-9190	328	6	the	the	DET
cjal-9190	328	7	only	only	ADJ
cjal-9190	328	8	significant	significant	ADJ
cjal-9190	328	9	institutional	institutional	ADJ
cjal-9190	328	10	investor	investor	NOUN
cjal-9190	328	11	in	in	ADP
cjal-9190	328	12	the	the	DET
cjal-9190	328	13	a	a	DET
cjal-9190	328	14	-	-	PUNCT
cjal-9190	328	15	shares	share	NOUN
cjal-9190	328	16	market	market	NOUN
cjal-9190	328	17	before	before	ADP
cjal-9190	328	18	2005	2005	NUM
cjal-9190	328	19	and	and	CCONJ
cjal-9190	328	20	until	until	ADP
cjal-9190	328	21	2010	2010	NUM
cjal-9190	328	22	,	,	PUNCT
cjal-9190	328	23	they	they	PRON
cjal-9190	328	24	accounted	account	VERB
cjal-9190	328	25	for	for	ADP
cjal-9190	328	26	more	more	ADJ
cjal-9190	328	27	than	than	ADP
cjal-9190	328	28	50	50	NUM
cjal-9190	328	29	%	%	NOUN
cjal-9190	328	30	of	of	ADP
cjal-9190	328	31	the	the	DET
cjal-9190	328	32	market	market	NOUN
cjal-9190	328	33	.	.	PUNCT
cjal-9190	329	1	however	however	ADV
cjal-9190	329	2	,	,	PUNCT
cjal-9190	329	3	there	there	PRON
cjal-9190	329	4	are	be	VERB
cjal-9190	329	5	at	at	ADV
cjal-9190	329	6	least	least	ADJ
cjal-9190	329	7	six	six	NUM
cjal-9190	329	8	major	major	ADJ
cjal-9190	329	9	categories	category	NOUN
cjal-9190	329	10	of	of	ADP
cjal-9190	329	11	institutional	institutional	ADJ
cjal-9190	329	12	investors	investor	NOUN
cjal-9190	329	13	today	today	NOUN
cjal-9190	329	14	—	—	PUNCT
cjal-9190	329	15	none	none	NOUN
cjal-9190	329	16	of	of	ADP
cjal-9190	329	17	which	which	PRON
cjal-9190	329	18	hold	hold	VERB
cjal-9190	329	19	more	more	ADJ
cjal-9190	329	20	than	than	ADP
cjal-9190	329	21	4	4	NUM
cjal-9190	329	22	%	%	NOUN
cjal-9190	329	23	of	of	ADP
cjal-9190	329	24	the	the	DET
cjal-9190	329	25	total	total	ADJ
cjal-9190	329	26	capitalization	capitalization	NOUN
cjal-9190	329	27	of	of	ADP
cjal-9190	329	28	the	the	DET
cjal-9190	329	29	a	a	DET
cjal-9190	329	30	-	-	PUNCT
cjal-9190	329	31	shares	share	NOUN
cjal-9190	329	32	market	market	NOUN
cjal-9190	329	33	.	.	PUNCT
cjal-9190	330	1	this	this	DET
cjal-9190	330	2	atomization	atomization	NOUN
cjal-9190	330	3	of	of	ADP
cjal-9190	330	4	institutional	institutional	ADJ
cjal-9190	330	5	investors	investor	NOUN
cjal-9190	330	6	requires	require	VERB
cjal-9190	330	7	a	a	DET
cjal-9190	330	8	more	more	ADV
cjal-9190	330	9	nuanced	nuanced	ADJ
cjal-9190	330	10	understanding	understanding	NOUN
cjal-9190	330	11	of	of	ADP
cjal-9190	330	12	what	what	PRON
cjal-9190	330	13	drives	drive	VERB
cjal-9190	330	14	each	each	PRON
cjal-9190	330	15	of	of	ADP
cjal-9190	330	16	the	the	DET
cjal-9190	330	17	categories	category	NOUN
cjal-9190	330	18	and	and	CCONJ
cjal-9190	330	19	cautions	caution	VERB
cjal-9190	330	20	against	against	ADP
cjal-9190	330	21	speaking	speak	VERB
cjal-9190	330	22	generally	generally	ADV
cjal-9190	330	23	about	about	ADP
cjal-9190	330	24	“	"	PUNCT
cjal-9190	330	25	institutional	institutional	ADJ
cjal-9190	330	26	investors	investor	NOUN
cjal-9190	330	27	”	"	PUNCT
cjal-9190	330	28	in	in	ADP
cjal-9190	330	29	china	china	PROPN
cjal-9190	330	30	—	—	PUNCT
cjal-9190	330	31	which	which	PRON
cjal-9190	330	32	may	may	AUX
cjal-9190	330	33	have	have	AUX
cjal-9190	330	34	been	be	AUX
cjal-9190	330	35	more	more	ADV
cjal-9190	330	36	justified	justified	ADJ
cjal-9190	330	37	in	in	ADP
cjal-9190	330	38	the	the	DET
cjal-9190	330	39	early	early	ADJ
cjal-9190	330	40	2000s	2000s	NUM
cjal-9190	330	41	when	when	SCONJ
cjal-9190	330	42	sifs	sifs	PROPN
cjal-9190	330	43	dominated	dominate	VERB
cjal-9190	330	44	the	the	DET
cjal-9190	330	45	market	market	NOUN
cjal-9190	330	46	.	.	PUNCT
cjal-9190	331	1	third	third	ADV
cjal-9190	331	2	,	,	PUNCT
cjal-9190	331	3	as	as	SCONJ
cjal-9190	331	4	discussed	discuss	VERB
cjal-9190	331	5	in	in	ADP
cjal-9190	331	6	more	more	ADJ
cjal-9190	331	7	detail	detail	NOUN
cjal-9190	331	8	in	in	ADP
cjal-9190	331	9	part	part	NOUN
cjal-9190	331	10	iv	iv	ADP
cjal-9190	331	11	below	below	ADV
cjal-9190	331	12	,	,	PUNCT
cjal-9190	331	13	the	the	DET
cjal-9190	331	14	different	different	ADJ
cjal-9190	331	15	varieties	variety	NOUN
cjal-9190	331	16	of	of	ADP
cjal-9190	331	17	domestic	domestic	ADJ
cjal-9190	331	18	institutional	institutional	ADJ
cjal-9190	331	19	investors	investor	NOUN
cjal-9190	331	20	have	have	VERB
cjal-9190	331	21	different	different	ADJ
cjal-9190	331	22	levels	level	NOUN
cjal-9190	331	23	of	of	ADP
cjal-9190	331	24	independence	independence	NOUN
cjal-9190	331	25	from	from	ADP
cjal-9190	331	26	the	the	DET
cjal-9190	331	27	government	government	NOUN
cjal-9190	331	28	.	.	PUNCT
cjal-9190	332	1	for	for	ADP
cjal-9190	332	2	example	example	NOUN
cjal-9190	332	3	,	,	PUNCT
cjal-9190	332	4	most	most	ADJ
cjal-9190	332	5	trust	trust	NOUN
cjal-9190	332	6	companies87	companies87	NOUN
cjal-9190	332	7	and	and	CCONJ
cjal-9190	332	8	securities	security	NOUN
cjal-9190	332	9	companies88	companies88	NOUN
cjal-9190	332	10	are	be	AUX
cjal-9190	332	11	soiis	soiis	ADJ
cjal-9190	332	12	and	and	CCONJ
cjal-9190	332	13	,	,	PUNCT
cjal-9190	332	14	therefore	therefore	ADV
cjal-9190	332	15	,	,	PUNCT
cjal-9190	332	16	the	the	DET
cjal-9190	332	17	87	87	NUM
cjal-9190	332	18	see	see	VERB
cjal-9190	332	19	registered	register	VERB
cjal-9190	332	20	capital	capital	NOUN
cjal-9190	332	21	and	and	CCONJ
cjal-9190	332	22	shareholder	shareholder	NOUN
cjal-9190	332	23	background	background	NOUN
cjal-9190	332	24	of	of	ADP
cjal-9190	332	25	68	68	NUM
cjal-9190	332	26	trust	trust	NOUN
cjal-9190	332	27	companies	company	NOUN
cjal-9190	332	28	in	in	ADP
cjal-9190	332	29	2021	2021	NUM
cjal-9190	332	30	(	(	PUNCT
cjal-9190	332	31	2021	2021	NUM
cjal-9190	332	32	年最新	年最新	NOUN
cjal-9190	332	33	68	68	NUM
cjal-9190	332	34	家信托公司注册资本及股东背景	家信托公司注册资本及股东背景	NOUN
cjal-9190	332	35	)	)	PUNCT
cjal-9190	332	36	,	,	PUNCT
cjal-9190	332	37	sina	sina	PROPN
cjal-9190	332	38	finance	finance	PROPN
cjal-9190	332	39	(	(	PUNCT
cjal-9190	332	40	feb	feb	PROPN
cjal-9190	332	41	.	.	PROPN
cjal-9190	332	42	22	22	NUM
cjal-9190	332	43	,	,	PUNCT
cjal-9190	332	44	2021	2021	NUM
cjal-9190	332	45	)	)	PUNCT
cjal-9190	332	46	,	,	PUNCT
cjal-9190	332	47	available	available	ADJ
cjal-9190	332	48	at	at	ADP
cjal-9190	332	49	https://finance.sina.cn/fund/sm/2021-02-22/detailikftpnny9049345.d.html?from=wap	https://finance.sina.cn/fund/sm/2021-02-22/detailikftpnny9049345.d.html?from=wap	PROPN
cjal-9190	332	50	.	.	PUNCT
cjal-9190	333	1	88	88	NUM
cjal-9190	333	2	8	8	NUM
cjal-9190	333	3	out	out	ADP
cjal-9190	333	4	of	of	ADP
cjal-9190	333	5	the	the	DET
cjal-9190	333	6	top	top	ADJ
cjal-9190	333	7	10	10	NUM
cjal-9190	333	8	securities	security	NOUN
cjal-9190	333	9	companies	company	NOUN
cjal-9190	333	10	are	be	AUX
cjal-9190	333	11	actually	actually	ADV
cjal-9190	333	12	controlled	control	VERB
cjal-9190	333	13	by	by	ADP
cjal-9190	333	14	the	the	DET
cjal-9190	333	15	government	government	NOUN
cjal-9190	333	16	,	,	PUNCT
cjal-9190	333	17	including	include	VERB
cjal-9190	333	18	huatai	huatai	PROPN
cjal-9190	333	19	securities	securities	PROPN
cjal-9190	333	20	co.	co.	PROPN
cjal-9190	333	21	,	,	PUNCT
cjal-9190	333	22	ltd	ltd	PROPN
cjal-9190	333	23	.	.	PROPN
cjal-9190	334	1	(	(	PUNCT
cjal-9190	334	2	the	the	DET
cjal-9190	334	3	actual	actual	ADJ
cjal-9190	334	4	controller	controller	NOUN
cjal-9190	334	5	is	be	AUX
cjal-9190	334	6	sasac	sasac	NOUN
cjal-9190	334	7	of	of	ADP
cjal-9190	334	8	jiangsu	jiangsu	PROPN
cjal-9190	334	9	province	province	PROPN
cjal-9190	334	10	)	)	PUNCT
cjal-9190	334	11	,	,	PUNCT
cjal-9190	334	12	guotai	guotai	PROPN
cjal-9190	334	13	junan	junan	PROPN
cjal-9190	334	14	securities	securities	PROPN
cjal-9190	334	15	co.	co.	PROPN
cjal-9190	334	16	,	,	PUNCT
cjal-9190	334	17	ltd	ltd	PROPN
cjal-9190	334	18	.	.	PROPN
cjal-9190	335	1	(	(	PUNCT
cjal-9190	335	2	the	the	DET
cjal-9190	335	3	actual	actual	ADJ
cjal-9190	335	4	controller	controller	NOUN
cjal-9190	335	5	is	be	AUX
cjal-9190	335	6	sasac	sasac	NOUN
cjal-9190	335	7	of	of	ADP
cjal-9190	335	8	shanghai	shanghai	PROPN
cjal-9190	335	9	city	city	PROPN
cjal-9190	335	10	)	)	PUNCT
cjal-9190	335	11	,	,	PUNCT
cjal-9190	335	12	china	china	PROPN
cjal-9190	335	13	merchants	merchants	PROPN
cjal-9190	335	14	securities	securities	PROPN
cjal-9190	335	15	co.	co.	PROPN
cjal-9190	335	16	,	,	PUNCT
cjal-9190	335	17	ltd	ltd	PROPN
cjal-9190	335	18	.	.	PROPN
cjal-9190	336	1	(	(	PUNCT
cjal-9190	336	2	the	the	DET
cjal-9190	336	3	actual	actual	ADJ
cjal-9190	336	4	controller	controller	NOUN
cjal-9190	336	5	is	be	AUX
cjal-9190	336	6	state	state	NOUN
cjal-9190	336	7	council	council	PROPN
cjal-9190	336	8	)	)	PUNCT
cjal-9190	336	9	,	,	PUNCT
cjal-9190	336	10	shenwan	shenwan	PROPN
cjal-9190	336	11	hongyuan	hongyuan	PROPN
cjal-9190	336	12	group	group	PROPN
cjal-9190	336	13	co.	co.	PROPN
cjal-9190	336	14	,	,	PUNCT
cjal-9190	336	15	ltd	ltd	PROPN
cjal-9190	336	16	.	.	PROPN
cjal-9190	337	1	(	(	PUNCT
cjal-9190	337	2	the	the	DET
cjal-9190	337	3	actual	actual	ADJ
cjal-9190	337	4	controller	controller	NOUN
cjal-9190	337	5	is	be	AUX
cjal-9190	337	6	state	state	NOUN
cjal-9190	337	7	council	council	PROPN
cjal-9190	337	8	)	)	PUNCT
cjal-9190	337	9	,	,	PUNCT
cjal-9190	337	10	haitong	haitong	PROPN
cjal-9190	337	11	securities	securities	PROPN
cjal-9190	337	12	co.	co.	PROPN
cjal-9190	337	13	,	,	PUNCT
cjal-9190	337	14	ltd	ltd	PROPN
cjal-9190	337	15	.	.	PROPN
cjal-9190	338	1	(	(	PUNCT
cjal-9190	338	2	the	the	DET
cjal-9190	338	3	actual	actual	ADJ
cjal-9190	338	4	controller	controller	NOUN
cjal-9190	338	5	is	be	AUX
cjal-9190	338	6	sasac	sasac	NOUN
cjal-9190	338	7	of	of	ADP
cjal-9190	338	8	shanghai	shanghai	PROPN
cjal-9190	338	9	city	city	PROPN
cjal-9190	338	10	)	)	PUNCT
cjal-9190	338	11	,	,	PUNCT
cjal-9190	338	12	china	china	PROPN
cjal-9190	338	13	galaxy	galaxy	PROPN
cjal-9190	338	14	securities	securities	PROPN
cjal-9190	338	15	co.	co.	PROPN
cjal-9190	338	16	,	,	PUNCT
cjal-9190	338	17	ltd	ltd	PROPN
cjal-9190	338	18	.	.	PROPN
cjal-9190	339	1	(	(	PUNCT
cjal-9190	339	2	the	the	DET
cjal-9190	339	3	actual	actual	ADJ
cjal-9190	339	4	controller	controller	NOUN
cjal-9190	339	5	is	be	AUX
cjal-9190	339	6	state	state	NOUN
cjal-9190	339	7	council	council	PROPN
cjal-9190	339	8	)	)	PUNCT
cjal-9190	339	9	,	,	PUNCT
cjal-9190	339	10	2022	2022	NUM
cjal-9190	339	11	]	]	PUNCT
cjal-9190	339	12	columbia	columbia	PROPN
cjal-9190	339	13	journal	journal	PROPN
cjal-9190	339	14	of	of	ADP
cjal-9190	339	15	asian	asian	ADJ
cjal-9190	339	16	law	law	PROPN
cjal-9190	339	17	103	103	NUM
cjal-9190	339	18	ccp	ccp	PROPN
cjal-9190	339	19	can	can	AUX
cjal-9190	339	20	more	more	ADV
cjal-9190	339	21	directly	directly	ADV
cjal-9190	339	22	control	control	VERB
cjal-9190	339	23	their	their	PRON
cjal-9190	339	24	engagement	engagement	NOUN
cjal-9190	339	25	and	and	CCONJ
cjal-9190	339	26	voting	voting	NOUN
cjal-9190	339	27	policies	policy	NOUN
cjal-9190	339	28	as	as	ADP
cjal-9190	339	29	institutional	institutional	ADJ
cjal-9190	339	30	investors	investor	NOUN
cjal-9190	339	31	—	—	PUNCT
cjal-9190	339	32	which	which	PRON
cjal-9190	339	33	may	may	AUX
cjal-9190	339	34	allow	allow	VERB
cjal-9190	339	35	the	the	DET
cjal-9190	339	36	ccp	ccp	PROPN
cjal-9190	339	37	to	to	PART
cjal-9190	339	38	utilize	utilize	VERB
cjal-9190	339	39	them	they	PRON
cjal-9190	339	40	more	more	ADV
cjal-9190	339	41	directly	directly	ADV
cjal-9190	339	42	for	for	ADP
cjal-9190	339	43	policy	policy	NOUN
cjal-9190	339	44	channeling	channeling	NOUN
cjal-9190	339	45	.	.	PUNCT
cjal-9190	340	1	while	while	SCONJ
cjal-9190	340	2	some	some	PRON
cjal-9190	340	3	of	of	ADP
cjal-9190	340	4	the	the	DET
cjal-9190	340	5	largest	large	ADJ
cjal-9190	340	6	insurance	insurance	NOUN
cjal-9190	340	7	companies	company	NOUN
cjal-9190	340	8	are	be	AUX
cjal-9190	340	9	soes	soe	NOUN
cjal-9190	340	10	,	,	PUNCT
cjal-9190	340	11	there	there	PRON
cjal-9190	340	12	has	have	AUX
cjal-9190	340	13	been	be	AUX
cjal-9190	340	14	a	a	DET
cjal-9190	340	15	proliferation	proliferation	NOUN
cjal-9190	340	16	of	of	ADP
cjal-9190	340	17	private	private	ADJ
cjal-9190	340	18	insurance	insurance	NOUN
cjal-9190	340	19	companies	company	NOUN
cjal-9190	340	20	who	who	PRON
cjal-9190	340	21	act	act	VERB
cjal-9190	340	22	as	as	ADV
cjal-9190	340	23	poiis	poiis	ADJ
cjal-9190	340	24	in	in	ADP
cjal-9190	340	25	china	china	PROPN
cjal-9190	340	26	.	.	PUNCT
cjal-9190	341	1	as	as	ADP
cjal-9190	341	2	such	such	ADJ
cjal-9190	341	3	,	,	PUNCT
cjal-9190	341	4	as	as	SCONJ
cjal-9190	341	5	explained	explain	VERB
cjal-9190	341	6	in	in	ADP
cjal-9190	341	7	part	part	NOUN
cjal-9190	341	8	iv	iv	NUM
cjal-9190	341	9	,	,	PUNCT
cjal-9190	341	10	these	these	DET
cjal-9190	341	11	poiis	poiis	NOUN
cjal-9190	341	12	are	be	AUX
cjal-9190	341	13	more	more	ADV
cjal-9190	341	14	independent	independent	ADJ
cjal-9190	341	15	from	from	ADP
cjal-9190	341	16	the	the	DET
cjal-9190	341	17	ccp	ccp	PROPN
cjal-9190	341	18	,	,	PUNCT
cjal-9190	341	19	but	but	CCONJ
cjal-9190	341	20	the	the	DET
cjal-9190	341	21	ccp	ccp	PROPN
cjal-9190	341	22	may	may	AUX
cjal-9190	341	23	still	still	ADV
cjal-9190	341	24	use	use	VERB
cjal-9190	341	25	its	its	PRON
cjal-9190	341	26	indirect	indirect	ADJ
cjal-9190	341	27	control	control	NOUN
cjal-9190	341	28	over	over	ADP
cjal-9190	341	29	them	they	PRON
cjal-9190	341	30	for	for	ADP
cjal-9190	341	31	policy	policy	NOUN
cjal-9190	341	32	channeling	channeling	NOUN
cjal-9190	341	33	.	.	PUNCT
cjal-9190	342	1	also	also	ADV
cjal-9190	342	2	,	,	PUNCT
cjal-9190	342	3	the	the	DET
cjal-9190	342	4	empirical	empirical	ADJ
cjal-9190	342	5	research	research	NOUN
cjal-9190	342	6	and	and	CCONJ
cjal-9190	342	7	our	our	PRON
cjal-9190	342	8	hand	hand	NOUN
cjal-9190	342	9	-	-	PUNCT
cjal-9190	342	10	collected	collect	VERB
cjal-9190	342	11	evidence	evidence	NOUN
cjal-9190	342	12	from	from	ADP
cjal-9190	342	13	activist	activist	ADJ
cjal-9190	342	14	campaigns	campaign	NOUN
cjal-9190	342	15	in	in	ADP
cjal-9190	342	16	part	part	NOUN
cjal-9190	342	17	iii	iii	NUM
cjal-9190	342	18	demonstrate	demonstrate	VERB
cjal-9190	342	19	the	the	DET
cjal-9190	342	20	need	need	NOUN
cjal-9190	342	21	to	to	PART
cjal-9190	342	22	recognize	recognize	VERB
cjal-9190	342	23	the	the	DET
cjal-9190	342	24	varieties	variety	NOUN
cjal-9190	342	25	of	of	ADP
cjal-9190	342	26	institutional	institutional	ADJ
cjal-9190	342	27	investors	investor	NOUN
cjal-9190	342	28	in	in	ADP
cjal-9190	342	29	china	china	PROPN
cjal-9190	342	30	—	—	PUNCT
cjal-9190	342	31	especially	especially	ADV
cjal-9190	342	32	the	the	DET
cjal-9190	342	33	distinction	distinction	NOUN
cjal-9190	342	34	between	between	ADP
cjal-9190	342	35	soiis	soiis	NOUN
cjal-9190	342	36	,	,	PUNCT
cjal-9190	342	37	poiis	poiis	ADJ
cjal-9190	342	38	,	,	PUNCT
cjal-9190	342	39	and	and	CCONJ
cjal-9190	342	40	foiis	foiis	ADJ
cjal-9190	342	41	—	—	PUNCT
cjal-9190	342	42	as	as	SCONJ
cjal-9190	342	43	this	this	PRON
cjal-9190	342	44	appears	appear	VERB
cjal-9190	342	45	to	to	PART
cjal-9190	342	46	affect	affect	VERB
cjal-9190	342	47	their	their	PRON
cjal-9190	342	48	impact	impact	NOUN
cjal-9190	342	49	on	on	ADP
cjal-9190	342	50	corporate	corporate	ADJ
cjal-9190	342	51	governance	governance	NOUN
cjal-9190	342	52	.	.	PUNCT
cjal-9190	343	1	fourth	fourth	ADJ
cjal-9190	343	2	,	,	PUNCT
cjal-9190	343	3	even	even	ADV
cjal-9190	343	4	if	if	SCONJ
cjal-9190	343	5	all	all	DET
cjal-9190	343	6	institutional	institutional	ADJ
cjal-9190	343	7	investors	investor	NOUN
cjal-9190	343	8	were	be	AUX
cjal-9190	343	9	to	to	PART
cjal-9190	343	10	speak	speak	VERB
cjal-9190	343	11	with	with	ADP
cjal-9190	343	12	one	one	NUM
cjal-9190	343	13	voice	voice	NOUN
cjal-9190	343	14	(	(	PUNCT
cjal-9190	343	15	which	which	PRON
cjal-9190	343	16	is	be	AUX
cjal-9190	343	17	clearly	clearly	ADV
cjal-9190	343	18	not	not	PART
cjal-9190	343	19	the	the	DET
cjal-9190	343	20	case	case	NOUN
cjal-9190	343	21	)	)	PUNCT
cjal-9190	343	22	,	,	PUNCT
cjal-9190	343	23	collectively	collectively	ADV
cjal-9190	343	24	institutional	institutional	ADJ
cjal-9190	343	25	investors	investor	NOUN
cjal-9190	343	26	will	will	AUX
cjal-9190	343	27	still	still	ADV
cjal-9190	343	28	be	be	AUX
cjal-9190	343	29	the	the	DET
cjal-9190	343	30	minority	minority	NOUN
cjal-9190	343	31	shareholders	shareholder	NOUN
cjal-9190	343	32	in	in	ADP
cjal-9190	343	33	almost	almost	ADV
cjal-9190	343	34	every	every	PRON
cjal-9190	343	35	chinese	chinese	ADJ
cjal-9190	343	36	listed	list	VERB
cjal-9190	343	37	company	company	NOUN
cjal-9190	343	38	.	.	PUNCT
cjal-9190	344	1	this	this	PRON
cjal-9190	344	2	is	be	AUX
cjal-9190	344	3	significant	significant	ADJ
cjal-9190	344	4	as	as	SCONJ
cjal-9190	344	5	it	it	PRON
cjal-9190	344	6	distinguishes	distinguish	VERB
cjal-9190	344	7	china	china	PROPN
cjal-9190	344	8	from	from	ADP
cjal-9190	344	9	the	the	DET
cjal-9190	344	10	uk	uk	PROPN
cjal-9190	344	11	and	and	CCONJ
cjal-9190	344	12	us	we	PRON
cjal-9190	344	13	,	,	PUNCT
cjal-9190	344	14	where	where	SCONJ
cjal-9190	344	15	institutional	institutional	ADJ
cjal-9190	344	16	shareholders	shareholder	NOUN
cjal-9190	344	17	collectively	collectively	ADV
cjal-9190	344	18	control	control	VERB
cjal-9190	344	19	a	a	DET
cjal-9190	344	20	majority	majority	NOUN
cjal-9190	344	21	of	of	ADP
cjal-9190	344	22	shares	share	NOUN
cjal-9190	344	23	in	in	ADP
cjal-9190	344	24	most	most	ADJ
cjal-9190	344	25	listed	list	VERB
cjal-9190	344	26	companies	company	NOUN
cjal-9190	344	27	—	—	PUNCT
cjal-9190	344	28	this	this	PRON
cjal-9190	344	29	gives	give	VERB
cjal-9190	344	30	them	they	PRON
cjal-9190	344	31	the	the	DET
cjal-9190	344	32	legal	legal	ADJ
cjal-9190	344	33	right	right	NOUN
cjal-9190	344	34	to	to	PART
cjal-9190	344	35	collectively	collectively	ADV
cjal-9190	344	36	“	"	PUNCT
cjal-9190	344	37	steward	steward	ADJ
cjal-9190	344	38	”	"	PUNCT
cjal-9190	344	39	them.89	them.89	NOUN
cjal-9190	344	40	however	however	ADV
cjal-9190	344	41	,	,	PUNCT
cjal-9190	344	42	in	in	ADP
cjal-9190	344	43	china	china	PROPN
cjal-9190	344	44	,	,	PUNCT
cjal-9190	344	45	similar	similar	ADJ
cjal-9190	344	46	to	to	ADP
cjal-9190	344	47	in	in	ADP
cjal-9190	344	48	most	most	ADJ
cjal-9190	344	49	non	non	ADJ
cjal-9190	344	50	-	-	ADJ
cjal-9190	344	51	uk	uk	ADJ
cjal-9190	344	52	-	-	PUNCT
cjal-9190	344	53	us	us	PROPN
cjal-9190	344	54	jurisdictions	jurisdiction	NOUN
cjal-9190	344	55	,	,	PUNCT
cjal-9190	344	56	the	the	DET
cjal-9190	344	57	ability	ability	NOUN
cjal-9190	344	58	of	of	ADP
cjal-9190	344	59	institutional	institutional	ADJ
cjal-9190	344	60	investors	investor	NOUN
cjal-9190	344	61	to	to	PART
cjal-9190	344	62	collectively	collectively	ADV
cjal-9190	344	63	steward	steward	VERB
cjal-9190	344	64	listed	list	VERB
cjal-9190	344	65	companies	company	NOUN
cjal-9190	344	66	normally	normally	ADV
cjal-9190	344	67	does	do	AUX
cjal-9190	344	68	not	not	PART
cjal-9190	344	69	exist	exist	VERB
cjal-9190	344	70	—	—	PUNCT
cjal-9190	344	71	which	which	PRON
cjal-9190	344	72	makes	make	VERB
cjal-9190	344	73	understanding	understand	VERB
cjal-9190	344	74	the	the	DET
cjal-9190	344	75	role	role	NOUN
cjal-9190	344	76	institutional	institutional	ADJ
cjal-9190	344	77	investors	investor	NOUN
cjal-9190	344	78	can	can	AUX
cjal-9190	344	79	play	play	VERB
cjal-9190	344	80	as	as	ADP
cjal-9190	344	81	minority	minority	NOUN
cjal-9190	344	82	shareholders	shareholder	NOUN
cjal-9190	344	83	,	,	PUNCT
cjal-9190	344	84	in	in	ADP
cjal-9190	344	85	the	the	DET
cjal-9190	344	86	context	context	NOUN
cjal-9190	344	87	of	of	ADP
cjal-9190	344	88	companies	company	NOUN
cjal-9190	344	89	with	with	ADP
cjal-9190	344	90	a	a	DET
cjal-9190	344	91	dominant	dominant	ADJ
cjal-9190	344	92	controlling	control	VERB
cjal-9190	344	93	block	block	NOUN
cjal-9190	344	94	shareholder	shareholder	NOUN
cjal-9190	344	95	,	,	PUNCT
cjal-9190	344	96	critically	critically	ADV
cjal-9190	344	97	important	important	ADJ
cjal-9190	344	98	.	.	PUNCT
cjal-9190	345	1	90	90	NUM
cjal-9190	346	1	as	as	ADP
cjal-9190	346	2	our	our	PRON
cjal-9190	346	3	handcollected	handcollected	ADJ
cjal-9190	346	4	evidence	evidence	NOUN
cjal-9190	346	5	from	from	ADP
cjal-9190	346	6	activist	activist	ADJ
cjal-9190	346	7	campaigns	campaign	NOUN
cjal-9190	346	8	by	by	ADP
cjal-9190	346	9	institutional	institutional	ADJ
cjal-9190	346	10	investors	investor	NOUN
cjal-9190	346	11	who	who	PRON
cjal-9190	346	12	are	be	AUX
cjal-9190	346	13	minority	minority	NOUN
cjal-9190	346	14	shareholders	shareholder	NOUN
cjal-9190	346	15	in	in	ADP
cjal-9190	346	16	part	part	NOUN
cjal-9190	346	17	iii	iii	NUM
cjal-9190	346	18	demonstrates	demonstrate	NOUN
cjal-9190	346	19	,	,	PUNCT
cjal-9190	346	20	institutional	institutional	ADJ
cjal-9190	346	21	investors	investor	NOUN
cjal-9190	346	22	are	be	AUX
cjal-9190	346	23	increasingly	increasingly	ADV
cjal-9190	346	24	engaging	engage	VERB
cjal-9190	346	25	in	in	ADP
cjal-9190	346	26	shareholder	shareholder	NOUN
cjal-9190	346	27	activism	activism	NOUN
cjal-9190	346	28	to	to	PART
cjal-9190	346	29	spur	spur	VERB
cjal-9190	346	30	corporate	corporate	ADJ
cjal-9190	346	31	governance	governance	NOUN
cjal-9190	346	32	change	change	NOUN
cjal-9190	346	33	.	.	PUNCT
cjal-9190	347	1	as	as	SCONJ
cjal-9190	347	2	expected	expect	VERB
cjal-9190	347	3	,	,	PUNCT
cjal-9190	347	4	these	these	DET
cjal-9190	347	5	campaigns	campaign	NOUN
cjal-9190	347	6	tend	tend	VERB
cjal-9190	347	7	to	to	PART
cjal-9190	347	8	be	be	AUX
cjal-9190	347	9	in	in	ADP
cjal-9190	347	10	a	a	DET
cjal-9190	347	11	-	-	PUNCT
cjal-9190	347	12	shares	share	NOUN
cjal-9190	347	13	companies	company	NOUN
cjal-9190	347	14	with	with	ADP
cjal-9190	347	15	more	more	ADJ
cjal-9190	347	16	dispersed	disperse	VERB
cjal-9190	347	17	shareholders	shareholder	NOUN
cjal-9190	347	18	.	.	PUNCT
cjal-9190	348	1	however	however	ADV
cjal-9190	348	2	,	,	PUNCT
cjal-9190	348	3	somewhat	somewhat	ADV
cjal-9190	348	4	surprisingly	surprisingly	ADV
cjal-9190	348	5	,	,	PUNCT
cjal-9190	348	6	soiis	soiis	NOUN
cjal-9190	348	7	have	have	AUX
cjal-9190	348	8	led	lead	VERB
cjal-9190	348	9	the	the	DET
cjal-9190	348	10	majority	majority	NOUN
cjal-9190	348	11	of	of	ADP
cjal-9190	348	12	these	these	DET
cjal-9190	348	13	activist	activist	ADJ
cjal-9190	348	14	campaigns	campaign	NOUN
cjal-9190	348	15	,	,	PUNCT
cjal-9190	348	16	and	and	CCONJ
cjal-9190	348	17	,	,	PUNCT
cjal-9190	348	18	in	in	ADP
cjal-9190	348	19	some	some	DET
cjal-9190	348	20	cases	case	NOUN
cjal-9190	348	21	,	,	PUNCT
cjal-9190	348	22	have	have	AUX
cjal-9190	348	23	succeeded	succeed	VERB
cjal-9190	348	24	in	in	ADP
cjal-9190	348	25	these	these	DET
cjal-9190	348	26	campaigns	campaign	NOUN
cjal-9190	348	27	against	against	ADP
cjal-9190	348	28	soes	soe	NOUN
cjal-9190	348	29	.	.	PUNCT
cjal-9190	349	1	it	it	PRON
cjal-9190	349	2	is	be	AUX
cjal-9190	349	3	to	to	ADP
cjal-9190	349	4	this	this	PRON
cjal-9190	349	5	that	that	SCONJ
cjal-9190	349	6	we	we	PRON
cjal-9190	349	7	now	now	ADV
cjal-9190	349	8	turn	turn	VERB
cjal-9190	349	9	.	.	PUNCT
cjal-9190	350	1	cicc	cicc	NOUN
cjal-9190	350	2	(	(	PUNCT
cjal-9190	350	3	the	the	DET
cjal-9190	350	4	actual	actual	ADJ
cjal-9190	350	5	controller	controller	NOUN
cjal-9190	350	6	is	be	AUX
cjal-9190	350	7	state	state	NOUN
cjal-9190	350	8	council	council	PROPN
cjal-9190	350	9	)	)	PUNCT
cjal-9190	350	10	,	,	PUNCT
cjal-9190	350	11	and	and	CCONJ
cjal-9190	350	12	china	china	PROPN
cjal-9190	350	13	securities	securities	PROPN
cjal-9190	350	14	co.	co.	PROPN
cjal-9190	350	15	,	,	PUNCT
cjal-9190	350	16	ltd	ltd	PROPN
cjal-9190	350	17	.	.	PROPN
cjal-9190	351	1	(	(	PUNCT
cjal-9190	351	2	the	the	DET
cjal-9190	351	3	actual	actual	ADJ
cjal-9190	351	4	controller	controller	NOUN
cjal-9190	351	5	is	be	AUX
cjal-9190	351	6	sasac	sasac	NOUN
cjal-9190	351	7	of	of	ADP
cjal-9190	351	8	beijing	beijing	PROPN
cjal-9190	351	9	city	city	PROPN
cjal-9190	351	10	)	)	PUNCT
cjal-9190	351	11	.	.	PUNCT
cjal-9190	352	1	see	see	VERB
cjal-9190	352	2	ranking	ranking	NOUN
cjal-9190	352	3	of	of	ADP
cjal-9190	352	4	securities	security	NOUN
cjal-9190	352	5	companies	company	NOUN
cjal-9190	352	6	by	by	ADP
cjal-9190	352	7	2020	2020	NUM
cjal-9190	352	8	operating	operating	NOUN
cjal-9190	352	9	performance	performance	NOUN
cjal-9190	352	10	indicators	indicator	NOUN
cjal-9190	352	11	(	(	PUNCT
cjal-9190	352	12	证券公司	证券公司	PROPN
cjal-9190	352	13	2020	2020	NUM
cjal-9190	352	14	年经营业绩指标排名	年经营业绩指标排名	NOUN
cjal-9190	352	15	情况	情况	PROPN
cjal-9190	352	16	)	)	PUNCT
cjal-9190	352	17	(	(	PUNCT
cjal-9190	352	18	promulgated	promulgate	VERB
cjal-9190	352	19	by	by	ADP
cjal-9190	352	20	the	the	DET
cjal-9190	352	21	securities	securities	PROPN
cjal-9190	352	22	association	association	PROPN
cjal-9190	352	23	of	of	ADP
cjal-9190	352	24	china	china	PROPN
cjal-9190	352	25	(	(	PUNCT
cjal-9190	352	26	sac	sac	NOUN
cjal-9190	352	27	)	)	PUNCT
cjal-9190	352	28	,	,	PUNCT
cjal-9190	352	29	jun	jun	PROPN
cjal-9190	352	30	.	.	PROPN
cjal-9190	352	31	18	18	NUM
cjal-9190	352	32	,	,	PUNCT
cjal-9190	352	33	2021	2021	NUM
cjal-9190	352	34	,	,	PUNCT
cjal-9190	352	35	effective	effective	ADJ
cjal-9190	352	36	jun	jun	PROPN
cjal-9190	352	37	.	.	PROPN
cjal-9190	352	38	18	18	NUM
cjal-9190	352	39	,	,	PUNCT
cjal-9190	352	40	2021	2021	NUM
cjal-9190	352	41	)	)	PUNCT
cjal-9190	352	42	,	,	PUNCT
cjal-9190	352	43	available	available	ADJ
cjal-9190	352	44	at	at	ADP
cjal-9190	352	45	https://www.sac.net.cn/hysj/zqgsyjpm/202106/p020210621502887608210.pdf	https://www.sac.net.cn/hysj/zqgsyjpm/202106/p020210621502887608210.pdf	PROPN
cjal-9190	352	46	;	;	PUNCT
cjal-9190	352	47	the	the	DET
cjal-9190	352	48	information	information	NOUN
cjal-9190	352	49	of	of	ADP
cjal-9190	352	50	actual	actual	ADJ
cjal-9190	352	51	controller	controller	NOUN
cjal-9190	352	52	is	be	AUX
cjal-9190	352	53	taken	take	VERB
cjal-9190	352	54	from	from	ADP
cjal-9190	352	55	“	"	PUNCT
cjal-9190	352	56	qichacha	qichacha	ADJ
cjal-9190	352	57	”	"	PUNCT
cjal-9190	352	58	(	(	PUNCT
cjal-9190	352	59	an	an	DET
cjal-9190	352	60	enterprise	enterprise	NOUN
cjal-9190	352	61	information	information	NOUN
cjal-9190	352	62	enquiry	enquiry	NOUN
cjal-9190	352	63	system	system	NOUN
cjal-9190	352	64	)	)	PUNCT
cjal-9190	352	65	,	,	PUNCT
cjal-9190	352	66	https://www.qcc.com/	https://www.qcc.com/	PROPN
cjal-9190	352	67	(	(	PUNCT
cjal-9190	352	68	last	last	ADV
cjal-9190	352	69	visited	visit	VERB
cjal-9190	352	70	july	july	PROPN
cjal-9190	352	71	15	15	NUM
cjal-9190	352	72	,	,	PUNCT
cjal-9190	352	73	2021	2021	NUM
cjal-9190	352	74	)	)	PUNCT
cjal-9190	352	75	.	.	PUNCT
cjal-9190	353	1	89	89	NUM
cjal-9190	353	2	dan	dan	PROPN
cjal-9190	353	3	w.	w.	PROPN
cjal-9190	353	4	puchniak	puchniak	PROPN
cjal-9190	353	5	,	,	PUNCT
cjal-9190	353	6	the	the	DET
cjal-9190	353	7	false	false	ADJ
cjal-9190	353	8	hope	hope	NOUN
cjal-9190	353	9	of	of	ADP
cjal-9190	353	10	stewardship	stewardship	NOUN
cjal-9190	353	11	in	in	ADP
cjal-9190	353	12	the	the	DET
cjal-9190	353	13	context	context	NOUN
cjal-9190	353	14	of	of	ADP
cjal-9190	353	15	controlling	control	VERB
cjal-9190	353	16	shareholders	shareholder	NOUN
cjal-9190	353	17	:	:	PUNCT
cjal-9190	353	18	making	make	VERB
cjal-9190	353	19	sense	sense	NOUN
cjal-9190	353	20	out	out	ADP
cjal-9190	353	21	of	of	ADP
cjal-9190	353	22	the	the	DET
cjal-9190	353	23	global	global	ADJ
cjal-9190	353	24	transplant	transplant	NOUN
cjal-9190	353	25	of	of	ADP
cjal-9190	353	26	a	a	DET
cjal-9190	353	27	legal	legal	ADJ
cjal-9190	353	28	misfit	misfit	NOUN
cjal-9190	353	29	,	,	PUNCT
cjal-9190	353	30	am	be	AUX
cjal-9190	353	31	.	.	PUNCT
cjal-9190	354	1	j.	j.	PROPN
cjal-9190	354	2	comp	comp	PROPN
cjal-9190	354	3	.	.	PUNCT
cjal-9190	355	1	l.	l.	PROPN
cjal-9190	355	2	(	(	PUNCT
cjal-9190	355	3	forthcoming	forthcoming	ADJ
cjal-9190	355	4	2022	2022	NUM
cjal-9190	355	5	)	)	PUNCT
cjal-9190	355	6	.	.	PUNCT
cjal-9190	356	1	90	90	NUM
cjal-9190	357	1	i	i	PRON
cjal-9190	357	2	d.	d.	PROPN
cjal-9190	357	3	104	104	NUM
cjal-9190	357	4	institutional	institutional	ADJ
cjal-9190	357	5	investors	investor	NOUN
cjal-9190	357	6	in	in	ADP
cjal-9190	357	7	china	china	PROPN
cjal-9190	357	8	[	[	X
cjal-9190	357	9	vol	vol	NOUN
cjal-9190	357	10	.	.	PUNCT
cjal-9190	357	11	35	35	NUM
cjal-9190	357	12	:	:	SYM
cjal-9190	357	13	74	74	NUM
cjal-9190	357	14	iii	iii	NOUN
cjal-9190	357	15	.	.	PUNCT
cjal-9190	358	1	filling	fill	VERB
cjal-9190	358	2	the	the	DET
cjal-9190	358	3	gap	gap	NOUN
cjal-9190	358	4	in	in	ADP
cjal-9190	358	5	the	the	DET
cjal-9190	358	6	legal	legal	ADJ
cjal-9190	358	7	literature	literature	NOUN
cjal-9190	358	8	on	on	ADP
cjal-9190	358	9	institutional	institutional	ADJ
cjal-9190	358	10	investors	investor	NOUN
cjal-9190	358	11	in	in	ADP
cjal-9190	358	12	china	china	PROPN
cjal-9190	358	13	:	:	PUNCT
cjal-9190	358	14	empirical	empirical	ADJ
cjal-9190	358	15	research	research	NOUN
cjal-9190	358	16	and	and	CCONJ
cjal-9190	358	17	activist	activist	ADJ
cjal-9190	358	18	campaigns	campaign	NOUN
cjal-9190	358	19	a.	a.	NOUN
cjal-9190	358	20	illuminating	illuminate	VERB
cjal-9190	358	21	the	the	DET
cjal-9190	358	22	gap	gap	NOUN
cjal-9190	358	23	in	in	ADP
cjal-9190	358	24	the	the	DET
cjal-9190	358	25	legal	legal	ADJ
cjal-9190	358	26	literature	literature	NOUN
cjal-9190	358	27	as	as	SCONJ
cjal-9190	358	28	demonstrated	demonstrate	VERB
cjal-9190	358	29	in	in	ADP
cjal-9190	358	30	part	part	PROPN
cjal-9190	358	31	ii	ii	PROPN
cjal-9190	358	32	,	,	PUNCT
cjal-9190	358	33	there	there	PRON
cjal-9190	358	34	has	have	AUX
cjal-9190	358	35	been	be	AUX
cjal-9190	358	36	a	a	DET
cjal-9190	358	37	meteoric	meteoric	ADJ
cjal-9190	358	38	rise	rise	NOUN
cjal-9190	358	39	in	in	ADP
cjal-9190	358	40	the	the	DET
cjal-9190	358	41	size	size	NOUN
cjal-9190	358	42	,	,	PUNCT
cjal-9190	358	43	ownership	ownership	NOUN
cjal-9190	358	44	stake	stake	NOUN
cjal-9190	358	45	,	,	PUNCT
cjal-9190	358	46	and	and	CCONJ
cjal-9190	358	47	free	free	ADJ
cjal-9190	358	48	-	-	PUNCT
cjal-9190	358	49	float	float	NOUN
cjal-9190	358	50	of	of	ADP
cjal-9190	358	51	shares	share	NOUN
cjal-9190	358	52	that	that	PRON
cjal-9190	358	53	institutional	institutional	ADJ
cjal-9190	358	54	investors	investor	NOUN
cjal-9190	358	55	have	have	VERB
cjal-9190	358	56	in	in	ADP
cjal-9190	358	57	the	the	DET
cjal-9190	358	58	a	a	DET
cjal-9190	358	59	-	-	PUNCT
cjal-9190	358	60	shares	share	NOUN
cjal-9190	358	61	market	market	NOUN
cjal-9190	358	62	.	.	PUNCT
cjal-9190	359	1	however	however	ADV
cjal-9190	359	2	,	,	PUNCT
cjal-9190	359	3	as	as	SCONJ
cjal-9190	359	4	noted	note	VERB
cjal-9190	359	5	above	above	ADV
cjal-9190	359	6	,	,	PUNCT
cjal-9190	359	7	the	the	DET
cjal-9190	359	8	rise	rise	NOUN
cjal-9190	359	9	of	of	ADP
cjal-9190	359	10	institutional	institutional	ADJ
cjal-9190	359	11	investors	investor	NOUN
cjal-9190	359	12	in	in	ADP
cjal-9190	359	13	china	china	PROPN
cjal-9190	359	14	has	have	AUX
cjal-9190	359	15	been	be	AUX
cjal-9190	359	16	almost	almost	ADV
cjal-9190	359	17	entirely	entirely	ADV
cjal-9190	359	18	overlooked	overlook	VERB
cjal-9190	359	19	in	in	ADP
cjal-9190	359	20	the	the	DET
cjal-9190	359	21	legal	legal	ADJ
cjal-9190	359	22	literature.91	literature.91	NOUN
cjal-9190	359	23	this	this	PRON
cjal-9190	359	24	is	be	AUX
cjal-9190	359	25	somewhat	somewhat	ADV
cjal-9190	359	26	surprising	surprising	ADJ
cjal-9190	359	27	as	as	ADP
cjal-9190	359	28	the	the	DET
cjal-9190	359	29	role	role	NOUN
cjal-9190	359	30	of	of	ADP
cjal-9190	359	31	institutional	institutional	ADJ
cjal-9190	359	32	investors	investor	NOUN
cjal-9190	359	33	in	in	ADP
cjal-9190	359	34	corporate	corporate	ADJ
cjal-9190	359	35	governance	governance	NOUN
cjal-9190	359	36	—	—	PUNCT
cjal-9190	359	37	particularly	particularly	ADV
cjal-9190	359	38	in	in	ADP
cjal-9190	359	39	the	the	DET
cjal-9190	359	40	united	united	PROPN
cjal-9190	359	41	states	states	PROPN
cjal-9190	359	42	and	and	CCONJ
cjal-9190	359	43	united	united	ADJ
cjal-9190	359	44	kingdom	kingdom	PROPN
cjal-9190	359	45	—	—	PUNCT
cjal-9190	359	46	has	have	AUX
cjal-9190	359	47	become	become	VERB
cjal-9190	359	48	a	a	DET
cjal-9190	359	49	major	major	ADJ
cjal-9190	359	50	focal	focal	ADJ
cjal-9190	359	51	point	point	NOUN
cjal-9190	359	52	for	for	ADP
cjal-9190	359	53	many	many	ADJ
cjal-9190	359	54	of	of	ADP
cjal-9190	359	55	the	the	DET
cjal-9190	359	56	most	most	ADV
cjal-9190	359	57	prominent	prominent	ADJ
cjal-9190	359	58	corporate	corporate	ADJ
cjal-9190	359	59	law	law	NOUN
cjal-9190	359	60	scholars.92	scholars.92	NOUN
cjal-9190	359	61	we	we	PRON
cjal-9190	359	62	suspect	suspect	VERB
cjal-9190	359	63	that	that	SCONJ
cjal-9190	359	64	this	this	DET
cjal-9190	359	65	gap	gap	NOUN
cjal-9190	359	66	in	in	ADP
cjal-9190	359	67	the	the	DET
cjal-9190	359	68	legal	legal	ADJ
cjal-9190	359	69	literature	literature	NOUN
cjal-9190	359	70	may	may	AUX
cjal-9190	359	71	have	have	AUX
cjal-9190	359	72	arisen	arise	VERB
cjal-9190	359	73	for	for	ADP
cjal-9190	359	74	three	three	NUM
cjal-9190	359	75	reasons	reason	NOUN
cjal-9190	359	76	.	.	PUNCT
cjal-9190	360	1	first	first	ADV
cjal-9190	360	2	,	,	PUNCT
cjal-9190	360	3	comparative	comparative	ADJ
cjal-9190	360	4	corporate	corporate	ADJ
cjal-9190	360	5	law	law	NOUN
cjal-9190	360	6	scholars	scholar	NOUN
cjal-9190	360	7	have	have	AUX
cjal-9190	360	8	primarily	primarily	ADV
cjal-9190	360	9	focused	focus	VERB
cjal-9190	360	10	on	on	ADP
cjal-9190	360	11	the	the	DET
cjal-9190	360	12	chinese	chinese	ADJ
cjal-9190	360	13	government	government	NOUN
cjal-9190	360	14	as	as	ADP
cjal-9190	360	15	china	china	PROPN
cjal-9190	360	16	’s	’s	PART
cjal-9190	360	17	most	most	ADV
cjal-9190	360	18	powerful	powerful	ADJ
cjal-9190	360	19	controlling	control	VERB
cjal-9190	360	20	shareholder	shareholder	NOUN
cjal-9190	360	21	through	through	ADP
cjal-9190	360	22	its	its	PRON
cjal-9190	360	23	ownership	ownership	NOUN
cjal-9190	360	24	of	of	ADP
cjal-9190	360	25	nonfinancial	nonfinancial	ADJ
cjal-9190	360	26	soes	soe	NOUN
cjal-9190	360	27	—	—	PUNCT
cjal-9190	360	28	which	which	PRON
cjal-9190	360	29	may	may	AUX
cjal-9190	360	30	have	have	AUX
cjal-9190	360	31	caused	cause	VERB
cjal-9190	360	32	the	the	DET
cjal-9190	360	33	rise	rise	NOUN
cjal-9190	360	34	in	in	ADP
cjal-9190	360	35	the	the	DET
cjal-9190	360	36	shareholder	shareholder	NOUN
cjal-9190	360	37	power	power	NOUN
cjal-9190	360	38	of	of	ADP
cjal-9190	360	39	institutional	institutional	ADJ
cjal-9190	360	40	investors	investor	NOUN
cjal-9190	360	41	to	to	PART
cjal-9190	360	42	be	be	AUX
cjal-9190	360	43	overlooked	overlook	VERB
cjal-9190	360	44	.	.	PUNCT
cjal-9190	361	1	93	93	NUM
cjal-9190	361	2	second	second	ADJ
cjal-9190	361	3	,	,	PUNCT
cjal-9190	361	4	the	the	DET
cjal-9190	361	5	atomization	atomization	NOUN
cjal-9190	361	6	of	of	ADP
cjal-9190	361	7	china	china	PROPN
cjal-9190	361	8	’s	’s	PART
cjal-9190	361	9	institutional	institutional	ADJ
cjal-9190	361	10	investors	investor	NOUN
cjal-9190	361	11	highlighted	highlight	VERB
cjal-9190	361	12	in	in	ADP
cjal-9190	361	13	part	part	NOUN
cjal-9190	361	14	ii	ii	PROPN
cjal-9190	361	15	may	may	AUX
cjal-9190	361	16	have	have	AUX
cjal-9190	361	17	made	make	VERB
cjal-9190	361	18	the	the	DET
cjal-9190	361	19	collective	collective	ADJ
cjal-9190	361	20	rise	rise	NOUN
cjal-9190	361	21	of	of	ADP
cjal-9190	361	22	institutional	institutional	ADJ
cjal-9190	361	23	investors	investor	NOUN
cjal-9190	361	24	in	in	ADP
cjal-9190	361	25	china	china	PROPN
cjal-9190	361	26	less	less	ADV
cjal-9190	361	27	conspicuous	conspicuous	ADJ
cjal-9190	361	28	and	and	CCONJ
cjal-9190	361	29	makes	make	VERB
cjal-9190	361	30	analyzing	analyze	VERB
cjal-9190	361	31	their	their	PRON
cjal-9190	361	32	impact	impact	NOUN
cjal-9190	361	33	on	on	ADP
cjal-9190	361	34	corporate	corporate	ADJ
cjal-9190	361	35	governance	governance	NOUN
cjal-9190	361	36	more	more	ADV
cjal-9190	361	37	complex	complex	ADJ
cjal-9190	361	38	.	.	PUNCT
cjal-9190	362	1	third	third	ADJ
cjal-9190	362	2	,	,	PUNCT
cjal-9190	362	3	the	the	DET
cjal-9190	362	4	rise	rise	NOUN
cjal-9190	362	5	of	of	ADP
cjal-9190	362	6	institutional	institutional	ADJ
cjal-9190	362	7	investors	investor	NOUN
cjal-9190	362	8	in	in	ADP
cjal-9190	362	9	china	china	PROPN
cjal-9190	362	10	is	be	AUX
cjal-9190	362	11	uniquely	uniquely	ADV
cjal-9190	362	12	domestically	domestically	ADV
cjal-9190	362	13	driven	drive	VERB
cjal-9190	362	14	,	,	PUNCT
cjal-9190	362	15	with	with	ADP
cjal-9190	362	16	the	the	DET
cjal-9190	362	17	big	big	ADJ
cjal-9190	362	18	three	three	NUM
cjal-9190	362	19	american	american	ADJ
cjal-9190	362	20	institutional	institutional	ADJ
cjal-9190	362	21	investors	investor	NOUN
cjal-9190	362	22	—	—	PUNCT
cjal-9190	362	23	which	which	PRON
cjal-9190	362	24	have	have	AUX
cjal-9190	362	25	been	be	AUX
cjal-9190	362	26	the	the	DET
cjal-9190	362	27	focus	focus	NOUN
cjal-9190	362	28	of	of	ADP
cjal-9190	362	29	considerable	considerable	ADJ
cjal-9190	362	30	academic	academic	ADJ
cjal-9190	362	31	attention	attention	NOUN
cjal-9190	362	32	—	—	PUNCT
cjal-9190	362	33	playing	play	VERB
cjal-9190	362	34	an	an	DET
cjal-9190	362	35	inconsequential	inconsequential	ADJ
cjal-9190	362	36	role	role	NOUN
cjal-9190	362	37	in	in	ADP
cjal-9190	362	38	its	its	PRON
cjal-9190	362	39	development.94	development.94	NOUN
cjal-9190	362	40	however	however	ADV
cjal-9190	362	41	,	,	PUNCT
cjal-9190	362	42	despite	despite	SCONJ
cjal-9190	362	43	the	the	DET
cjal-9190	362	44	dearth	dearth	NOUN
cjal-9190	362	45	in	in	ADP
cjal-9190	362	46	legal	legal	ADJ
cjal-9190	362	47	scholarship	scholarship	NOUN
cjal-9190	362	48	,	,	PUNCT
cjal-9190	362	49	over	over	ADP
cjal-9190	362	50	the	the	DET
cjal-9190	362	51	past	past	ADJ
cjal-9190	362	52	decade	decade	NOUN
cjal-9190	362	53	,	,	PUNCT
cjal-9190	362	54	there	there	PRON
cjal-9190	362	55	have	have	AUX
cjal-9190	362	56	been	be	AUX
cjal-9190	362	57	a	a	DET
cjal-9190	362	58	number	number	NOUN
cjal-9190	362	59	of	of	ADP
cjal-9190	362	60	empirical	empirical	ADJ
cjal-9190	362	61	studies	study	NOUN
cjal-9190	362	62	in	in	ADP
cjal-9190	362	63	the	the	DET
cjal-9190	362	64	business	business	NOUN
cjal-9190	362	65	school	school	NOUN
cjal-9190	362	66	literature	literature	NOUN
cjal-9190	362	67	that	that	PRON
cjal-9190	362	68	provide	provide	VERB
cjal-9190	362	69	interesting	interesting	ADJ
cjal-9190	362	70	insights	insight	NOUN
cjal-9190	362	71	into	into	ADP
cjal-9190	362	72	the	the	DET
cjal-9190	362	73	role	role	NOUN
cjal-9190	362	74	played	play	VERB
cjal-9190	362	75	by	by	ADP
cjal-9190	362	76	institutional	institutional	ADJ
cjal-9190	362	77	investors	investor	NOUN
cjal-9190	362	78	in	in	ADP
cjal-9190	362	79	chinese	chinese	ADJ
cjal-9190	362	80	corporate	corporate	ADJ
cjal-9190	362	81	governance	governance	NOUN
cjal-9190	362	82	.	.	PUNCT
cjal-9190	363	1	as	as	SCONJ
cjal-9190	363	2	these	these	DET
cjal-9190	363	3	studies	study	NOUN
cjal-9190	363	4	use	use	VERB
cjal-9190	363	5	different	different	ADJ
cjal-9190	363	6	datasets	dataset	NOUN
cjal-9190	363	7	,	,	PUNCT
cjal-9190	363	8	cover	cover	VERB
cjal-9190	363	9	different	different	ADJ
cjal-9190	363	10	time	time	NOUN
cjal-9190	363	11	periods	period	NOUN
cjal-9190	363	12	,	,	PUNCT
cjal-9190	363	13	and	and	CCONJ
cjal-9190	363	14	focus	focus	VERB
cjal-9190	363	15	on	on	ADP
cjal-9190	363	16	different	different	ADJ
cjal-9190	363	17	issues	issue	NOUN
cjal-9190	363	18	(	(	PUNCT
cjal-9190	363	19	as	as	SCONJ
cjal-9190	363	20	would	would	AUX
cjal-9190	363	21	be	be	AUX
cjal-9190	363	22	expected	expect	VERB
cjal-9190	363	23	)	)	PUNCT
cjal-9190	363	24	,	,	PUNCT
cjal-9190	363	25	there	there	PRON
cjal-9190	363	26	is	be	VERB
cjal-9190	363	27	some	some	DET
cjal-9190	363	28	variation	variation	NOUN
cjal-9190	363	29	(	(	PUNCT
cjal-9190	363	30	and	and	CCONJ
cjal-9190	363	31	91	91	NUM
cjal-9190	363	32	xi	xi	ADJ
cjal-9190	363	33	,	,	PUNCT
cjal-9190	363	34	supra	supra	PROPN
cjal-9190	363	35	note	note	NOUN
cjal-9190	363	36	24	24	NUM
cjal-9190	363	37	.	.	PUNCT
cjal-9190	364	1	92	92	NUM
cjal-9190	364	2	bebchuk	bebchuk	NOUN
cjal-9190	364	3	et	et	PROPN
cjal-9190	364	4	al	al	PROPN
cjal-9190	364	5	.	.	PROPN
cjal-9190	364	6	,	,	PUNCT
cjal-9190	364	7	supra	supra	PROPN
cjal-9190	364	8	note	note	PROPN
cjal-9190	364	9	25	25	NUM
cjal-9190	364	10	,	,	PUNCT
cjal-9190	364	11	at	at	ADP
cjal-9190	364	12	92	92	NUM
cjal-9190	364	13	-	-	SYM
cjal-9190	364	14	93	93	NUM
cjal-9190	364	15	;	;	PUNCT
cjal-9190	364	16	coates	coate	NOUN
cjal-9190	364	17	,	,	PUNCT
cjal-9190	364	18	supra	supra	PROPN
cjal-9190	364	19	note	note	PROPN
cjal-9190	364	20	25	25	NUM
cjal-9190	364	21	,	,	PUNCT
cjal-9190	364	22	at	at	ADP
cjal-9190	364	23	2	2	NUM
cjal-9190	364	24	-	-	SYM
cjal-9190	364	25	5	5	NUM
cjal-9190	364	26	;	;	PUNCT
cjal-9190	364	27	fisch	fisch	PROPN
cjal-9190	364	28	,	,	PUNCT
cjal-9190	364	29	supra	supra	PROPN
cjal-9190	364	30	note	note	PROPN
cjal-9190	364	31	25	25	NUM
cjal-9190	364	32	;	;	PUNCT
cjal-9190	364	33	gilson	gilson	PROPN
cjal-9190	364	34	&	&	CCONJ
cjal-9190	364	35	gordon	gordon	PROPN
cjal-9190	364	36	,	,	PUNCT
cjal-9190	364	37	supra	supra	PROPN
cjal-9190	364	38	note	note	PROPN
cjal-9190	364	39	25	25	NUM
cjal-9190	364	40	,	,	PUNCT
cjal-9190	364	41	at	at	ADP
cjal-9190	364	42	865	865	NUM
cjal-9190	364	43	,	,	PUNCT
cjal-9190	364	44	874–876	874–876	NUM
cjal-9190	364	45	.	.	PUNCT
cjal-9190	365	1	93	93	NUM
cjal-9190	365	2	lin	lin	PROPN
cjal-9190	365	3	&	&	CCONJ
cjal-9190	365	4	milhaupt	milhaupt	PROPN
cjal-9190	365	5	,	,	PUNCT
cjal-9190	365	6	supra	supra	PROPN
cjal-9190	365	7	note	note	PROPN
cjal-9190	365	8	7	7	NUM
cjal-9190	365	9	;	;	PUNCT
cjal-9190	365	10	wang	wang	PROPN
cjal-9190	365	11	,	,	PUNCT
cjal-9190	365	12	supra	supra	PROPN
cjal-9190	365	13	note	note	PROPN
cjal-9190	365	14	13	13	NUM
cjal-9190	365	15	;	;	PUNCT
cjal-9190	365	16	howson	howson	PROPN
cjal-9190	365	17	,	,	PUNCT
cjal-9190	365	18	supra	supra	PROPN
cjal-9190	365	19	note	note	NOUN
cjal-9190	365	20	9	9	NUM
cjal-9190	365	21	,	,	PUNCT
cjal-9190	365	22	at	at	ADP
cjal-9190	365	23	5152	5152	NUM
cjal-9190	365	24	;	;	PUNCT
cjal-9190	365	25	milhaupt	milhaupt	ADJ
cjal-9190	365	26	,	,	PUNCT
cjal-9190	365	27	supra	supra	PROPN
cjal-9190	365	28	note	note	NOUN
cjal-9190	365	29	6	6	NUM
cjal-9190	365	30	,	,	PUNCT
cjal-9190	365	31	at	at	ADP
cjal-9190	365	32	362	362	NUM
cjal-9190	365	33	;	;	PUNCT
cjal-9190	365	34	wang	wang	PROPN
cjal-9190	365	35	&	&	CCONJ
cjal-9190	365	36	tan	tan	PROPN
cjal-9190	365	37	,	,	PUNCT
cjal-9190	365	38	supra	supra	PROPN
cjal-9190	365	39	note	note	NOUN
cjal-9190	365	40	10	10	NUM
cjal-9190	365	41	,	,	PUNCT
cjal-9190	365	42	at	at	ADP
cjal-9190	365	43	1094	1094	NUM
cjal-9190	365	44	.	.	PUNCT
cjal-9190	366	1	94	94	NUM
cjal-9190	366	2	jan	jan	PROPN
cjal-9190	366	3	fichtner	fichtner	PROPN
cjal-9190	366	4	&	&	CCONJ
cjal-9190	366	5	eelke	eelke	ADJ
cjal-9190	366	6	m.	m.	NOUN
cjal-9190	366	7	heemskerk	heemskerk	PROPN
cjal-9190	366	8	,	,	PUNCT
cjal-9190	366	9	the	the	DET
cjal-9190	366	10	new	new	ADJ
cjal-9190	366	11	permanent	permanent	ADJ
cjal-9190	366	12	universal	universal	ADJ
cjal-9190	366	13	owners	owner	NOUN
cjal-9190	366	14	:	:	PUNCT
cjal-9190	366	15	index	index	NOUN
cjal-9190	366	16	funds	fund	NOUN
cjal-9190	366	17	,	,	PUNCT
cjal-9190	366	18	patient	patient	ADJ
cjal-9190	366	19	capital	capital	NOUN
cjal-9190	366	20	,	,	PUNCT
cjal-9190	366	21	and	and	CCONJ
cjal-9190	366	22	the	the	DET
cjal-9190	366	23	distinction	distinction	NOUN
cjal-9190	366	24	between	between	ADP
cjal-9190	366	25	feeble	feeble	ADJ
cjal-9190	366	26	and	and	CCONJ
cjal-9190	366	27	forceful	forceful	ADJ
cjal-9190	366	28	stewardship	stewardship	NOUN
cjal-9190	366	29	,	,	PUNCT
cjal-9190	366	30	49(4	49(4	NOUN
cjal-9190	366	31	)	)	PUNCT
cjal-9190	366	32	econ	econ	PROPN
cjal-9190	366	33	.	.	PUNCT
cjal-9190	367	1	&	&	CCONJ
cjal-9190	367	2	soc’y	soc’y	PROPN
cjal-9190	367	3	(	(	PUNCT
cjal-9190	367	4	2020	2020	NUM
cjal-9190	367	5	)	)	PUNCT
cjal-9190	367	6	;	;	PUNCT
cjal-9190	367	7	lucian	lucian	PROPN
cjal-9190	367	8	bebchuk	bebchuk	PROPN
cjal-9190	367	9	&	&	CCONJ
cjal-9190	367	10	scott	scott	PROPN
cjal-9190	367	11	hirst	hirst	PROPN
cjal-9190	367	12	,	,	PUNCT
cjal-9190	367	13	the	the	DET
cjal-9190	367	14	specter	specter	NOUN
cjal-9190	367	15	of	of	ADP
cjal-9190	367	16	the	the	DET
cjal-9190	367	17	giant	giant	ADJ
cjal-9190	367	18	three	three	NUM
cjal-9190	367	19	,	,	PUNCT
cjal-9190	367	20	99	99	NUM
cjal-9190	367	21	b.u	b.u	PROPN
cjal-9190	367	22	.	.	PROPN
cjal-9190	367	23	l.	l.	PROPN
cjal-9190	367	24	rev	rev	PROPN
cjal-9190	367	25	.	.	PROPN
cjal-9190	367	26	721	721	NUM
cjal-9190	367	27	(	(	PUNCT
cjal-9190	367	28	2019	2019	NUM
cjal-9190	367	29	)	)	PUNCT
cjal-9190	367	30	;	;	PUNCT
cjal-9190	367	31	lucian	lucian	PROPN
cjal-9190	367	32	bebchuk	bebchuk	PROPN
cjal-9190	367	33	&	&	CCONJ
cjal-9190	367	34	scott	scott	PROPN
cjal-9190	367	35	hirst	hirst	PROPN
cjal-9190	367	36	,	,	PUNCT
cjal-9190	367	37	index	index	NOUN
cjal-9190	367	38	funds	fund	NOUN
cjal-9190	367	39	and	and	CCONJ
cjal-9190	367	40	the	the	DET
cjal-9190	367	41	future	future	NOUN
cjal-9190	367	42	of	of	ADP
cjal-9190	367	43	corporate	corporate	ADJ
cjal-9190	367	44	governance	governance	NOUN
cjal-9190	367	45	:	:	PUNCT
cjal-9190	367	46	theory	theory	NOUN
cjal-9190	367	47	,	,	PUNCT
cjal-9190	367	48	evidence	evidence	NOUN
cjal-9190	367	49	,	,	PUNCT
cjal-9190	367	50	and	and	CCONJ
cjal-9190	367	51	policy	policy	NOUN
cjal-9190	367	52	,	,	PUNCT
cjal-9190	367	53	119	119	NUM
cjal-9190	367	54	colum	colum	NOUN
cjal-9190	367	55	.	.	PUNCT
cjal-9190	368	1	l.	l.	PROPN
cjal-9190	368	2	rev	rev	PROPN
cjal-9190	368	3	.	.	PROPN
cjal-9190	369	1	2029	2029	NUM
cjal-9190	369	2	(	(	PUNCT
cjal-9190	369	3	2019	2019	NUM
cjal-9190	369	4	)	)	PUNCT
cjal-9190	369	5	.	.	PUNCT
cjal-9190	370	1	2022	2022	NUM
cjal-9190	370	2	]	]	PUNCT
cjal-9190	370	3	columbia	columbia	PROPN
cjal-9190	370	4	journal	journal	PROPN
cjal-9190	370	5	of	of	ADP
cjal-9190	370	6	asian	asian	ADJ
cjal-9190	370	7	law	law	NOUN
cjal-9190	370	8	105	105	NUM
cjal-9190	370	9	even	even	ADV
cjal-9190	370	10	incongruency	incongruency	NOUN
cjal-9190	370	11	)	)	PUNCT
cjal-9190	370	12	in	in	ADP
cjal-9190	370	13	their	their	PRON
cjal-9190	370	14	findings	finding	NOUN
cjal-9190	370	15	.	.	PUNCT
cjal-9190	371	1	also	also	ADV
cjal-9190	371	2	,	,	PUNCT
cjal-9190	371	3	as	as	SCONJ
cjal-9190	371	4	many	many	ADJ
cjal-9190	371	5	of	of	ADP
cjal-9190	371	6	the	the	DET
cjal-9190	371	7	empirical	empirical	ADJ
cjal-9190	371	8	studies	study	NOUN
cjal-9190	371	9	focus	focus	VERB
cjal-9190	371	10	on	on	ADP
cjal-9190	371	11	data	datum	NOUN
cjal-9190	371	12	which	which	PRON
cjal-9190	371	13	extend	extend	VERB
cjal-9190	371	14	back	back	ADV
cjal-9190	371	15	over	over	ADP
cjal-9190	371	16	a	a	DET
cjal-9190	371	17	decade	decade	NOUN
cjal-9190	371	18	,	,	PUNCT
cjal-9190	371	19	the	the	DET
cjal-9190	371	20	focus	focus	NOUN
cjal-9190	371	21	tends	tend	VERB
cjal-9190	371	22	to	to	PART
cjal-9190	371	23	be	be	AUX
cjal-9190	371	24	on	on	ADP
cjal-9190	371	25	sifs	sif	NOUN
cjal-9190	371	26	.	.	PUNCT
cjal-9190	372	1	this	this	PRON
cjal-9190	372	2	makes	make	VERB
cjal-9190	372	3	sense	sense	NOUN
cjal-9190	372	4	because	because	SCONJ
cjal-9190	372	5	,	,	PUNCT
cjal-9190	372	6	as	as	SCONJ
cjal-9190	372	7	shown	show	VERB
cjal-9190	372	8	in	in	ADP
cjal-9190	372	9	part	part	PROPN
cjal-9190	372	10	ii	ii	PROPN
cjal-9190	372	11	,	,	PUNCT
cjal-9190	372	12	sifs	sifs	PROPN
cjal-9190	372	13	were	be	AUX
cjal-9190	372	14	the	the	DET
cjal-9190	372	15	only	only	ADJ
cjal-9190	372	16	significant	significant	ADJ
cjal-9190	372	17	institutional	institutional	ADJ
cjal-9190	372	18	investor	investor	NOUN
cjal-9190	372	19	in	in	ADP
cjal-9190	372	20	the	the	DET
cjal-9190	372	21	a	a	DET
cjal-9190	372	22	-	-	PUNCT
cjal-9190	372	23	shares	share	NOUN
cjal-9190	372	24	market	market	NOUN
cjal-9190	372	25	until	until	ADP
cjal-9190	372	26	2005	2005	NUM
cjal-9190	372	27	and	and	CCONJ
cjal-9190	372	28	until	until	ADP
cjal-9190	372	29	2010	2010	NUM
cjal-9190	372	30	they	they	PRON
cjal-9190	372	31	accounted	account	VERB
cjal-9190	372	32	for	for	ADP
cjal-9190	372	33	more	more	ADJ
cjal-9190	372	34	than	than	ADP
cjal-9190	372	35	50	50	NUM
cjal-9190	372	36	%	%	NOUN
cjal-9190	372	37	of	of	ADP
cjal-9190	372	38	the	the	DET
cjal-9190	372	39	market.95	market.95	NOUN
cjal-9190	372	40	keeping	keep	VERB
cjal-9190	372	41	these	these	DET
cjal-9190	372	42	limitations	limitation	NOUN
cjal-9190	372	43	in	in	ADP
cjal-9190	372	44	mind	mind	NOUN
cjal-9190	372	45	,	,	PUNCT
cjal-9190	372	46	we	we	PRON
cjal-9190	372	47	analyze	analyze	VERB
cjal-9190	372	48	this	this	DET
cjal-9190	372	49	interesting	interesting	ADJ
cjal-9190	372	50	body	body	NOUN
cjal-9190	372	51	of	of	ADP
cjal-9190	372	52	empirical	empirical	ADJ
cjal-9190	372	53	studies	study	NOUN
cjal-9190	372	54	below	below	ADV
cjal-9190	372	55	.	.	PUNCT
cjal-9190	373	1	in	in	ADP
cjal-9190	373	2	addition	addition	NOUN
cjal-9190	373	3	,	,	PUNCT
cjal-9190	373	4	we	we	PRON
cjal-9190	373	5	attempt	attempt	VERB
cjal-9190	373	6	to	to	PART
cjal-9190	373	7	address	address	VERB
cjal-9190	373	8	some	some	PRON
cjal-9190	373	9	of	of	ADP
cjal-9190	373	10	the	the	DET
cjal-9190	373	11	shortcomings	shortcoming	NOUN
cjal-9190	373	12	in	in	ADP
cjal-9190	373	13	the	the	DET
cjal-9190	373	14	empirical	empirical	ADJ
cjal-9190	373	15	studies	study	NOUN
cjal-9190	373	16	by	by	ADP
cjal-9190	373	17	analyzing	analyze	VERB
cjal-9190	373	18	our	our	PRON
cjal-9190	373	19	hand	hand	NOUN
cjal-9190	373	20	-	-	PUNCT
cjal-9190	373	21	collected	collect	VERB
cjal-9190	373	22	summary	summary	NOUN
cjal-9190	373	23	of	of	ADP
cjal-9190	373	24	the	the	DET
cjal-9190	373	25	publicly	publicly	ADV
cjal-9190	373	26	reported	report	VERB
cjal-9190	373	27	representative	representative	ADJ
cjal-9190	373	28	activist	activist	NOUN
cjal-9190	373	29	campaigns	campaign	NOUN
cjal-9190	373	30	that	that	SCONJ
cjal-9190	373	31	institutional	institutional	ADJ
cjal-9190	373	32	investors	investor	NOUN
cjal-9190	373	33	have	have	AUX
cjal-9190	373	34	undertaken	undertake	VERB
cjal-9190	373	35	in	in	ADP
cjal-9190	373	36	china	china	PROPN
cjal-9190	373	37	(	(	PUNCT
cjal-9190	373	38	see	see	VERB
cjal-9190	373	39	appendix	appendix	NOUN
cjal-9190	373	40	2	2	NUM
cjal-9190	373	41	)	)	PUNCT
cjal-9190	373	42	.	.	PUNCT
cjal-9190	374	1	ultimately	ultimately	ADV
cjal-9190	374	2	,	,	PUNCT
cjal-9190	374	3	the	the	DET
cjal-9190	374	4	empirical	empirical	ADJ
cjal-9190	374	5	studies	study	NOUN
cjal-9190	374	6	and	and	CCONJ
cjal-9190	374	7	activist	activist	ADJ
cjal-9190	374	8	campaigns	campaign	NOUN
cjal-9190	374	9	demonstrate	demonstrate	VERB
cjal-9190	374	10	that	that	SCONJ
cjal-9190	374	11	the	the	DET
cjal-9190	374	12	taxonomy	taxonomy	NOUN
cjal-9190	374	13	of	of	ADP
cjal-9190	374	14	institutional	institutional	ADJ
cjal-9190	374	15	investors	investor	NOUN
cjal-9190	374	16	analyzed	analyze	VERB
cjal-9190	374	17	in	in	ADP
cjal-9190	374	18	part	part	NOUN
cjal-9190	374	19	ii	ii	PROPN
cjal-9190	374	20	matters	matter	NOUN
cjal-9190	374	21	,	,	PUNCT
cjal-9190	374	22	as	as	SCONJ
cjal-9190	374	23	different	different	ADJ
cjal-9190	374	24	types	type	NOUN
cjal-9190	374	25	of	of	ADP
cjal-9190	374	26	institutional	institutional	ADJ
cjal-9190	374	27	investors	investor	NOUN
cjal-9190	374	28	appear	appear	VERB
cjal-9190	374	29	to	to	PART
cjal-9190	374	30	play	play	VERB
cjal-9190	374	31	different	different	ADJ
cjal-9190	374	32	roles	role	NOUN
cjal-9190	374	33	in	in	ADP
cjal-9190	374	34	chinese	chinese	ADJ
cjal-9190	374	35	corporate	corporate	ADJ
cjal-9190	374	36	governance	governance	NOUN
cjal-9190	374	37	.	.	PUNCT
cjal-9190	375	1	also	also	ADV
cjal-9190	375	2	,	,	PUNCT
cjal-9190	375	3	the	the	DET
cjal-9190	375	4	empirical	empirical	ADJ
cjal-9190	375	5	studies	study	NOUN
cjal-9190	375	6	and	and	CCONJ
cjal-9190	375	7	activist	activist	ADJ
cjal-9190	375	8	campaigns	campaign	NOUN
cjal-9190	375	9	suggest	suggest	VERB
cjal-9190	375	10	that	that	SCONJ
cjal-9190	375	11	the	the	DET
cjal-9190	375	12	influence	influence	NOUN
cjal-9190	375	13	that	that	PRON
cjal-9190	375	14	the	the	DET
cjal-9190	375	15	government	government	NOUN
cjal-9190	375	16	has	have	VERB
cjal-9190	375	17	over	over	ADP
cjal-9190	375	18	soiis	soiis	NOUN
cjal-9190	375	19	—	—	PUNCT
cjal-9190	375	20	and	and	CCONJ
cjal-9190	375	21	,	,	PUNCT
cjal-9190	375	22	in	in	ADP
cjal-9190	375	23	some	some	DET
cjal-9190	375	24	instances	instance	NOUN
cjal-9190	375	25	,	,	PUNCT
cjal-9190	375	26	poiis	poiis	ADJ
cjal-9190	375	27	—	—	PUNCT
cjal-9190	375	28	may	may	AUX
cjal-9190	375	29	have	have	VERB
cjal-9190	375	30	a	a	DET
cjal-9190	375	31	significant	significant	ADJ
cjal-9190	375	32	effect	effect	NOUN
cjal-9190	375	33	on	on	ADP
cjal-9190	375	34	their	their	PRON
cjal-9190	375	35	impact	impact	NOUN
cjal-9190	375	36	on	on	ADP
cjal-9190	375	37	corporate	corporate	ADJ
cjal-9190	375	38	governance	governance	NOUN
cjal-9190	375	39	.	.	PUNCT
cjal-9190	376	1	relatedly	relatedly	ADV
cjal-9190	376	2	,	,	PUNCT
cjal-9190	376	3	there	there	PRON
cjal-9190	376	4	is	be	VERB
cjal-9190	376	5	some	some	DET
cjal-9190	376	6	evidence	evidence	NOUN
cjal-9190	376	7	that	that	SCONJ
cjal-9190	376	8	the	the	DET
cjal-9190	376	9	impact	impact	NOUN
cjal-9190	376	10	that	that	PRON
cjal-9190	376	11	institutional	institutional	ADJ
cjal-9190	376	12	investors	investor	NOUN
cjal-9190	376	13	have	have	VERB
cjal-9190	376	14	on	on	ADP
cjal-9190	376	15	the	the	DET
cjal-9190	376	16	corporate	corporate	ADJ
cjal-9190	376	17	governance	governance	NOUN
cjal-9190	376	18	of	of	ADP
cjal-9190	376	19	their	their	PRON
cjal-9190	376	20	investee	investee	NOUN
cjal-9190	376	21	companies	company	NOUN
cjal-9190	376	22	may	may	AUX
cjal-9190	376	23	be	be	AUX
cjal-9190	376	24	contingent	contingent	ADJ
cjal-9190	376	25	on	on	ADP
cjal-9190	376	26	whether	whether	SCONJ
cjal-9190	376	27	the	the	DET
cjal-9190	376	28	investee	investee	NOUN
cjal-9190	376	29	company	company	NOUN
cjal-9190	376	30	is	be	AUX
cjal-9190	376	31	an	an	DET
cjal-9190	376	32	soe	soe	PROPN
cjal-9190	376	33	or	or	CCONJ
cjal-9190	376	34	poe	poe	PROPN
cjal-9190	376	35	.	.	PUNCT
cjal-9190	377	1	importantly	importantly	ADV
cjal-9190	377	2	,	,	PUNCT
cjal-9190	377	3	and	and	CCONJ
cjal-9190	377	4	somewhat	somewhat	ADV
cjal-9190	377	5	surprisingly	surprisingly	ADV
cjal-9190	377	6	,	,	PUNCT
cjal-9190	377	7	our	our	PRON
cjal-9190	377	8	analysis	analysis	NOUN
cjal-9190	377	9	also	also	ADV
cjal-9190	377	10	reveals	reveal	VERB
cjal-9190	377	11	that	that	SCONJ
cjal-9190	377	12	soiis	soiis	NOUN
cjal-9190	377	13	have	have	AUX
cjal-9190	377	14	undertaken	undertake	VERB
cjal-9190	377	15	a	a	DET
cjal-9190	377	16	majority	majority	NOUN
cjal-9190	377	17	of	of	ADP
cjal-9190	377	18	the	the	DET
cjal-9190	377	19	activist	activist	ADJ
cjal-9190	377	20	campaigns	campaign	NOUN
cjal-9190	377	21	and	and	CCONJ
cjal-9190	377	22	that	that	SCONJ
cjal-9190	377	23	soes	soe	NOUN
cjal-9190	377	24	have	have	AUX
cjal-9190	377	25	been	be	AUX
cjal-9190	377	26	the	the	DET
cjal-9190	377	27	target	target	NOUN
cjal-9190	377	28	of	of	ADP
cjal-9190	377	29	a	a	DET
cjal-9190	377	30	number	number	NOUN
cjal-9190	377	31	of	of	ADP
cjal-9190	377	32	successful	successful	ADJ
cjal-9190	377	33	activist	activist	ADJ
cjal-9190	377	34	campaigns	campaign	NOUN
cjal-9190	377	35	.	.	PUNCT
cjal-9190	378	1	taken	take	VERB
cjal-9190	378	2	together	together	ADV
cjal-9190	378	3	,	,	PUNCT
cjal-9190	378	4	these	these	DET
cjal-9190	378	5	results	result	NOUN
cjal-9190	378	6	highlight	highlight	VERB
cjal-9190	378	7	the	the	DET
cjal-9190	378	8	important	important	ADJ
cjal-9190	378	9	impact	impact	NOUN
cjal-9190	378	10	that	that	PRON
cjal-9190	378	11	the	the	DET
cjal-9190	378	12	ccp	ccp	PROPN
cjal-9190	378	13	’s	’s	PART
cjal-9190	378	14	ability	ability	NOUN
cjal-9190	378	15	to	to	PART
cjal-9190	378	16	influence	influence	VERB
cjal-9190	378	17	soiis	soiis	NOUN
cjal-9190	378	18	,	,	PUNCT
cjal-9190	378	19	and	and	CCONJ
cjal-9190	378	20	in	in	ADP
cjal-9190	378	21	some	some	DET
cjal-9190	378	22	cases	case	NOUN
cjal-9190	378	23	poiis	poiis	ADJ
cjal-9190	378	24	,	,	PUNCT
cjal-9190	378	25	has	have	VERB
cjal-9190	378	26	on	on	ADP
cjal-9190	378	27	the	the	DET
cjal-9190	378	28	function	function	NOUN
cjal-9190	378	29	they	they	PRON
cjal-9190	378	30	play	play	VERB
cjal-9190	378	31	in	in	ADP
cjal-9190	378	32	chinese	chinese	ADJ
cjal-9190	378	33	corporate	corporate	ADJ
cjal-9190	378	34	governance	governance	NOUN
cjal-9190	378	35	—	—	PUNCT
cjal-9190	378	36	and	and	CCONJ
cjal-9190	378	37	how	how	SCONJ
cjal-9190	378	38	the	the	DET
cjal-9190	378	39	insulation	insulation	NOUN
cjal-9190	378	40	of	of	ADP
cjal-9190	378	41	foiis	foiis	NOUN
cjal-9190	378	42	from	from	ADP
cjal-9190	378	43	the	the	DET
cjal-9190	378	44	ccp	ccp	PROPN
cjal-9190	378	45	’s	’s	PART
cjal-9190	378	46	influence	influence	NOUN
cjal-9190	378	47	matters	matter	VERB
cjal-9190	378	48	.	.	PUNCT
cjal-9190	379	1	the	the	DET
cjal-9190	379	2	mechanisms	mechanism	NOUN
cjal-9190	379	3	and	and	CCONJ
cjal-9190	379	4	tactics	tactic	NOUN
cjal-9190	379	5	that	that	PRON
cjal-9190	379	6	the	the	DET
cjal-9190	379	7	ccp	ccp	PROPN
cjal-9190	379	8	uses	use	VERB
cjal-9190	379	9	to	to	PART
cjal-9190	379	10	wield	wield	VERB
cjal-9190	379	11	its	its	PRON
cjal-9190	379	12	influence	influence	NOUN
cjal-9190	379	13	,	,	PUNCT
cjal-9190	379	14	and	and	CCONJ
cjal-9190	379	15	the	the	DET
cjal-9190	379	16	policy	policy	NOUN
cjal-9190	379	17	channeling	channel	VERB
cjal-9190	379	18	reasons	reason	NOUN
cjal-9190	379	19	for	for	ADP
cjal-9190	379	20	wielding	wield	VERB
cjal-9190	379	21	its	its	PRON
cjal-9190	379	22	influence	influence	NOUN
cjal-9190	379	23	,	,	PUNCT
cjal-9190	379	24	are	be	AUX
cjal-9190	379	25	the	the	DET
cjal-9190	379	26	focus	focus	NOUN
cjal-9190	379	27	of	of	ADP
cjal-9190	379	28	part	part	NOUN
cjal-9190	379	29	iv	iv	NUM
cjal-9190	379	30	.	.	PUNCT
cjal-9190	380	1	for	for	ADP
cjal-9190	380	2	now	now	ADV
cjal-9190	380	3	,	,	PUNCT
cjal-9190	380	4	we	we	PRON
cjal-9190	380	5	turn	turn	VERB
cjal-9190	380	6	to	to	ADP
cjal-9190	380	7	analyzing	analyze	VERB
cjal-9190	380	8	the	the	DET
cjal-9190	380	9	interesting	interesting	ADJ
cjal-9190	380	10	body	body	NOUN
cjal-9190	380	11	of	of	ADP
cjal-9190	380	12	empirical	empirical	ADJ
cjal-9190	380	13	studies	study	NOUN
cjal-9190	380	14	for	for	ADP
cjal-9190	380	15	a	a	DET
cjal-9190	380	16	more	more	ADV
cjal-9190	380	17	granular	granular	ADJ
cjal-9190	380	18	view	view	NOUN
cjal-9190	380	19	of	of	ADP
cjal-9190	380	20	the	the	DET
cjal-9190	380	21	impact	impact	NOUN
cjal-9190	380	22	of	of	ADP
cjal-9190	380	23	institutional	institutional	ADJ
cjal-9190	380	24	investors	investor	NOUN
cjal-9190	380	25	in	in	ADP
cjal-9190	380	26	chinese	chinese	ADJ
cjal-9190	380	27	corporate	corporate	ADJ
cjal-9190	380	28	governance	governance	NOUN
cjal-9190	380	29	.	.	PUNCT
cjal-9190	381	1	b.	b.	PROPN
cjal-9190	382	1	an	an	DET
cjal-9190	382	2	analysis	analysis	NOUN
cjal-9190	382	3	of	of	ADP
cjal-9190	382	4	the	the	DET
cjal-9190	382	5	existing	exist	VERB
cjal-9190	382	6	empirical	empirical	ADJ
cjal-9190	382	7	research	research	NOUN
cjal-9190	382	8	keeping	keeping	NOUN
cjal-9190	382	9	in	in	ADP
cjal-9190	382	10	mind	mind	NOUN
cjal-9190	382	11	the	the	DET
cjal-9190	382	12	limitations	limitation	NOUN
cjal-9190	382	13	on	on	ADP
cjal-9190	382	14	the	the	DET
cjal-9190	382	15	empirical	empirical	ADJ
cjal-9190	382	16	studies	study	NOUN
cjal-9190	382	17	highlighted	highlight	VERB
cjal-9190	382	18	above	above	ADV
cjal-9190	382	19	,	,	PUNCT
cjal-9190	382	20	there	there	PRON
cjal-9190	382	21	are	be	VERB
cjal-9190	382	22	at	at	ADV
cjal-9190	382	23	least	least	ADJ
cjal-9190	382	24	three	three	NUM
cjal-9190	382	25	meaningful	meaningful	ADJ
cjal-9190	382	26	general	general	ADJ
cjal-9190	382	27	observations	observation	NOUN
cjal-9190	382	28	that	that	PRON
cjal-9190	382	29	can	can	AUX
cjal-9190	382	30	be	be	AUX
cjal-9190	382	31	drawn	draw	VERB
cjal-9190	382	32	from	from	ADP
cjal-9190	382	33	this	this	DET
cjal-9190	382	34	body	body	NOUN
cjal-9190	382	35	of	of	ADP
cjal-9190	382	36	empirical	empirical	ADJ
cjal-9190	382	37	research	research	NOUN
cjal-9190	382	38	.	.	PUNCT
cjal-9190	383	1	first	first	ADV
cjal-9190	383	2	,	,	PUNCT
cjal-9190	383	3	most	most	ADJ
cjal-9190	383	4	of	of	ADP
cjal-9190	383	5	the	the	DET
cjal-9190	383	6	empirical	empirical	ADJ
cjal-9190	383	7	studies	study	NOUN
cjal-9190	383	8	find	find	VERB
cjal-9190	383	9	that	that	SCONJ
cjal-9190	383	10	the	the	DET
cjal-9190	383	11	impact	impact	NOUN
cjal-9190	383	12	that	that	PRON
cjal-9190	383	13	institutional	institutional	ADJ
cjal-9190	383	14	investors	investor	NOUN
cjal-9190	383	15	have	have	VERB
cjal-9190	383	16	on	on	ADP
cjal-9190	383	17	the	the	DET
cjal-9190	383	18	corporate	corporate	ADJ
cjal-9190	383	19	governance	governance	NOUN
cjal-9190	383	20	of	of	ADP
cjal-9190	383	21	a	a	DET
cjal-9190	383	22	-	-	PUNCT
cjal-9190	383	23	shares	share	NOUN
cjal-9190	383	24	companies	company	NOUN
cjal-9190	383	25	is	be	AUX
cjal-9190	383	26	contingent	contingent	ADJ
cjal-9190	383	27	on	on	ADP
cjal-9190	383	28	the	the	DET
cjal-9190	383	29	type	type	NOUN
cjal-9190	383	30	of	of	ADP
cjal-9190	383	31	institutional	institutional	ADJ
cjal-9190	383	32	investor	investor	NOUN
cjal-9190	383	33	—	—	PUNCT
cjal-9190	383	34	with	with	ADP
cjal-9190	383	35	95	95	NUM
cjal-9190	383	36	see	see	VERB
cjal-9190	383	37	supra	supra	PROPN
cjal-9190	383	38	part	part	PROPN
cjal-9190	383	39	ii	ii	PROPN
cjal-9190	383	40	.	.	PROPN
cjal-9190	383	41	106	106	NUM
cjal-9190	383	42	institutional	institutional	ADJ
cjal-9190	383	43	investors	investor	NOUN
cjal-9190	383	44	in	in	ADP
cjal-9190	383	45	china	china	PROPN
cjal-9190	384	1	[	[	X
cjal-9190	384	2	vol	vol	NOUN
cjal-9190	384	3	.	.	PUNCT
cjal-9190	384	4	35	35	NUM
cjal-9190	384	5	:	:	SYM
cjal-9190	384	6	74	74	NUM
cjal-9190	384	7	statistically	statistically	ADV
cjal-9190	384	8	significant	significant	ADJ
cjal-9190	384	9	differences	difference	NOUN
cjal-9190	384	10	in	in	ADP
cjal-9190	384	11	several	several	ADJ
cjal-9190	384	12	studies	study	NOUN
cjal-9190	384	13	being	be	AUX
cjal-9190	384	14	found	find	VERB
cjal-9190	384	15	between	between	ADP
cjal-9190	384	16	domestic	domestic	ADJ
cjal-9190	384	17	institutional	institutional	ADJ
cjal-9190	384	18	investors	investor	NOUN
cjal-9190	384	19	and	and	CCONJ
cjal-9190	384	20	foreign	foreign	ADJ
cjal-9190	384	21	institutional	institutional	ADJ
cjal-9190	384	22	investors	investor	NOUN
cjal-9190	384	23	,	,	PUNCT
cjal-9190	384	24	96	96	NUM
cjal-9190	384	25	and	and	CCONJ
cjal-9190	384	26	between	between	ADP
cjal-9190	384	27	sifs	sif	NOUN
cjal-9190	384	28	and	and	CCONJ
cjal-9190	384	29	other	other	ADJ
cjal-9190	384	30	types	type	NOUN
cjal-9190	384	31	of	of	ADP
cjal-9190	384	32	institutional	institutional	ADJ
cjal-9190	384	33	investors	investor	NOUN
cjal-9190	384	34	.	.	PUNCT
cjal-9190	385	1	97	97	NUM
cjal-9190	385	2	second	second	ADJ
cjal-9190	385	3	,	,	PUNCT
cjal-9190	385	4	several	several	ADJ
cjal-9190	385	5	empirical	empirical	ADJ
cjal-9190	385	6	studies	study	NOUN
cjal-9190	385	7	find	find	VERB
cjal-9190	385	8	a	a	DET
cjal-9190	385	9	statistically	statistically	ADV
cjal-9190	385	10	significant	significant	ADJ
cjal-9190	385	11	difference	difference	NOUN
cjal-9190	385	12	in	in	ADP
cjal-9190	385	13	the	the	DET
cjal-9190	385	14	impact	impact	NOUN
cjal-9190	385	15	that	that	PRON
cjal-9190	385	16	certain	certain	ADJ
cjal-9190	385	17	institutional	institutional	ADJ
cjal-9190	385	18	investors	investor	NOUN
cjal-9190	385	19	have	have	VERB
cjal-9190	385	20	on	on	ADP
cjal-9190	385	21	corporate	corporate	ADJ
cjal-9190	385	22	governance	governance	NOUN
cjal-9190	385	23	based	base	VERB
cjal-9190	385	24	on	on	ADP
cjal-9190	385	25	the	the	DET
cjal-9190	385	26	extent	extent	NOUN
cjal-9190	385	27	to	to	PART
cjal-9190	385	28	which	which	PRON
cjal-9190	385	29	the	the	DET
cjal-9190	385	30	institutional	institutional	ADJ
cjal-9190	385	31	investor	investor	NOUN
cjal-9190	385	32	is	be	AUX
cjal-9190	385	33	insulated	insulate	VERB
cjal-9190	385	34	from	from	ADP
cjal-9190	385	35	government	government	NOUN
cjal-9190	385	36	pressure	pressure	NOUN
cjal-9190	385	37	—	—	PUNCT
cjal-9190	385	38	due	due	ADP
cjal-9190	385	39	to	to	ADP
cjal-9190	385	40	their	their	PRON
cjal-9190	385	41	size	size	NOUN
cjal-9190	385	42	,	,	PUNCT
cjal-9190	385	43	independence	independence	NOUN
cjal-9190	385	44	from	from	ADP
cjal-9190	385	45	direct	direct	ADJ
cjal-9190	385	46	government	government	NOUN
cjal-9190	385	47	ownership	ownership	NOUN
cjal-9190	385	48	,	,	PUNCT
cjal-9190	385	49	or	or	CCONJ
cjal-9190	385	50	foreign	foreign	ADJ
cjal-9190	385	51	status	status	NOUN
cjal-9190	385	52	.	.	PUNCT
cjal-9190	386	1	98	98	NUM
cjal-9190	386	2	third	third	ADJ
cjal-9190	386	3	,	,	PUNCT
cjal-9190	386	4	several	several	ADJ
cjal-9190	386	5	empirical	empirical	ADJ
cjal-9190	386	6	studies	study	NOUN
cjal-9190	386	7	find	find	VERB
cjal-9190	386	8	that	that	SCONJ
cjal-9190	386	9	the	the	DET
cjal-9190	386	10	impact	impact	NOUN
cjal-9190	386	11	that	that	PRON
cjal-9190	386	12	institutional	institutional	ADJ
cjal-9190	386	13	investors	investor	NOUN
cjal-9190	386	14	have	have	VERB
cjal-9190	386	15	on	on	ADP
cjal-9190	386	16	the	the	DET
cjal-9190	386	17	corporate	corporate	ADJ
cjal-9190	386	18	governance	governance	NOUN
cjal-9190	386	19	of	of	ADP
cjal-9190	386	20	a	a	DET
cjal-9190	386	21	-	-	PUNCT
cjal-9190	386	22	shares	share	NOUN
cjal-9190	386	23	companies	company	NOUN
cjal-9190	386	24	is	be	AUX
cjal-9190	386	25	contingent	contingent	ADJ
cjal-9190	386	26	on	on	ADP
cjal-9190	386	27	the	the	DET
cjal-9190	386	28	type	type	NOUN
cjal-9190	386	29	of	of	ADP
cjal-9190	386	30	company	company	NOUN
cjal-9190	386	31	in	in	ADP
cjal-9190	386	32	which	which	PRON
cjal-9190	386	33	institutional	institutional	ADJ
cjal-9190	386	34	investors	investor	NOUN
cjal-9190	386	35	own	own	VERB
cjal-9190	386	36	shares	share	NOUN
cjal-9190	386	37	—	—	PUNCT
cjal-9190	386	38	with	with	ADP
cjal-9190	386	39	statistically	statistically	ADV
cjal-9190	386	40	significant	significant	ADJ
cjal-9190	386	41	differences	difference	NOUN
cjal-9190	386	42	in	in	ADP
cjal-9190	386	43	several	several	ADJ
cjal-9190	386	44	studies	study	NOUN
cjal-9190	386	45	being	be	AUX
cjal-9190	386	46	found	find	VERB
cjal-9190	386	47	between	between	ADP
cjal-9190	386	48	soes	soe	NOUN
cjal-9190	386	49	and	and	CCONJ
cjal-9190	386	50	poes.99	poes.99	NOUN
cjal-9190	386	51	collectively	collectively	ADV
cjal-9190	386	52	,	,	PUNCT
cjal-9190	386	53	these	these	DET
cjal-9190	386	54	observations	observation	NOUN
cjal-9190	386	55	confirm	confirm	VERB
cjal-9190	386	56	that	that	SCONJ
cjal-9190	386	57	the	the	DET
cjal-9190	386	58	taxonomy	taxonomy	NOUN
cjal-9190	386	59	of	of	ADP
cjal-9190	386	60	institutional	institutional	ADJ
cjal-9190	386	61	investors	investor	NOUN
cjal-9190	386	62	analyzed	analyze	VERB
cjal-9190	386	63	in	in	ADP
cjal-9190	386	64	part	part	PROPN
cjal-9190	386	65	ii	ii	PROPN
cjal-9190	386	66	is	be	AUX
cjal-9190	386	67	important	important	ADJ
cjal-9190	386	68	as	as	SCONJ
cjal-9190	386	69	there	there	PRON
cjal-9190	386	70	is	be	VERB
cjal-9190	386	71	significant	significant	ADJ
cjal-9190	386	72	empirical	empirical	ADJ
cjal-9190	386	73	evidence	evidence	NOUN
cjal-9190	386	74	demonstrating	demonstrate	VERB
cjal-9190	386	75	that	that	SCONJ
cjal-9190	386	76	the	the	DET
cjal-9190	386	77	impact	impact	NOUN
cjal-9190	386	78	of	of	ADP
cjal-9190	386	79	institutional	institutional	ADJ
cjal-9190	386	80	investors	investor	NOUN
cjal-9190	386	81	on	on	ADP
cjal-9190	386	82	corporate	corporate	ADJ
cjal-9190	386	83	governance	governance	NOUN
cjal-9190	386	84	in	in	ADP
cjal-9190	386	85	china	china	PROPN
cjal-9190	386	86	’s	’s	PART
cjal-9190	386	87	a	a	DET
cjal-9190	386	88	-	-	PUNCT
cjal-9190	386	89	shares	share	NOUN
cjal-9190	386	90	companies	company	NOUN
cjal-9190	386	91	differs	differ	VERB
cjal-9190	386	92	based	base	VERB
cjal-9190	386	93	on	on	ADP
cjal-9190	386	94	the	the	DET
cjal-9190	386	95	type	type	NOUN
cjal-9190	386	96	of	of	ADP
cjal-9190	386	97	institutional	institutional	ADJ
cjal-9190	386	98	investor	investor	NOUN
cjal-9190	386	99	.	.	PUNCT
cjal-9190	387	1	the	the	DET
cjal-9190	387	2	empirical	empirical	ADJ
cjal-9190	387	3	evidence	evidence	NOUN
cjal-9190	387	4	confirming	confirm	VERB
cjal-9190	387	5	the	the	DET
cjal-9190	387	6	importance	importance	NOUN
cjal-9190	387	7	of	of	ADP
cjal-9190	387	8	the	the	DET
cjal-9190	387	9	extent	extent	NOUN
cjal-9190	387	10	to	to	PART
cjal-9190	387	11	which	which	PRON
cjal-9190	387	12	institutional	institutional	ADJ
cjal-9190	387	13	investors	investor	NOUN
cjal-9190	387	14	are	be	AUX
cjal-9190	387	15	insulated	insulate	VERB
cjal-9190	387	16	from	from	ADP
cjal-9190	387	17	government	government	NOUN
cjal-9190	387	18	pressure	pressure	NOUN
cjal-9190	387	19	suggests	suggest	VERB
cjal-9190	387	20	that	that	SCONJ
cjal-9190	387	21	there	there	PRON
cjal-9190	387	22	is	be	VERB
cjal-9190	387	23	also	also	ADV
cjal-9190	387	24	a	a	DET
cjal-9190	387	25	need	need	NOUN
cjal-9190	387	26	to	to	PART
cjal-9190	387	27	understand	understand	VERB
cjal-9190	387	28	the	the	DET
cjal-9190	387	29	channels	channel	NOUN
cjal-9190	387	30	through	through	ADP
cjal-9190	387	31	which	which	PRON
cjal-9190	387	32	the	the	DET
cjal-9190	387	33	government	government	NOUN
cjal-9190	387	34	influences	influence	VERB
cjal-9190	387	35	institutional	institutional	ADJ
cjal-9190	387	36	investors	investor	NOUN
cjal-9190	387	37	and	and	CCONJ
cjal-9190	387	38	the	the	DET
cjal-9190	387	39	extent	extent	NOUN
cjal-9190	387	40	to	to	PART
cjal-9190	387	41	which	which	PRON
cjal-9190	387	42	different	different	ADJ
cjal-9190	387	43	types	type	NOUN
cjal-9190	387	44	of	of	ADP
cjal-9190	387	45	institutional	institutional	ADJ
cjal-9190	387	46	investors	investor	NOUN
cjal-9190	387	47	are	be	AUX
cjal-9190	387	48	influenced	influence	VERB
cjal-9190	387	49	by	by	ADP
cjal-9190	387	50	these	these	DET
cjal-9190	387	51	policy	policy	NOUN
cjal-9190	387	52	channels	channel	NOUN
cjal-9190	387	53	—	—	PUNCT
cjal-9190	387	54	which	which	PRON
cjal-9190	387	55	is	be	AUX
cjal-9190	387	56	the	the	DET
cjal-9190	387	57	focus	focus	NOUN
cjal-9190	387	58	of	of	ADP
cjal-9190	387	59	part	part	NOUN
cjal-9190	387	60	iv	iv	ADP
cjal-9190	387	61	below	below	ADV
cjal-9190	387	62	.	.	PUNCT
cjal-9190	388	1	the	the	DET
cjal-9190	388	2	empirical	empirical	ADJ
cjal-9190	388	3	evidence	evidence	NOUN
cjal-9190	388	4	that	that	SCONJ
cjal-9190	388	5	the	the	DET
cjal-9190	388	6	impact	impact	NOUN
cjal-9190	388	7	of	of	ADP
cjal-9190	388	8	institutional	institutional	ADJ
cjal-9190	388	9	investors	investor	NOUN
cjal-9190	388	10	on	on	ADP
cjal-9190	388	11	corporate	corporate	ADJ
cjal-9190	388	12	governance	governance	NOUN
cjal-9190	388	13	differs	differ	VERB
cjal-9190	388	14	depending	depend	VERB
cjal-9190	388	15	on	on	ADP
cjal-9190	388	16	whether	whether	SCONJ
cjal-9190	388	17	the	the	DET
cjal-9190	388	18	investee	investee	NOUN
cjal-9190	388	19	company	company	NOUN
cjal-9190	388	20	is	be	AUX
cjal-9190	388	21	a	a	DET
cjal-9190	388	22	soe	soe	PROPN
cjal-9190	388	23	or	or	CCONJ
cjal-9190	388	24	poe	poe	PROPN
cjal-9190	388	25	requires	require	VERB
cjal-9190	388	26	further	further	ADJ
cjal-9190	388	27	analysis	analysis	NOUN
cjal-9190	388	28	—	—	PUNCT
cjal-9190	388	29	which	which	PRON
cjal-9190	388	30	is	be	AUX
cjal-9190	388	31	also	also	ADV
cjal-9190	388	32	provided	provide	VERB
cjal-9190	388	33	in	in	ADP
cjal-9190	388	34	part	part	NOUN
cjal-9190	388	35	iv	iv	ADP
cjal-9190	388	36	below	below	ADV
cjal-9190	388	37	.	.	PUNCT
cjal-9190	389	1	96	96	NUM
cjal-9190	389	2	yongjia	yongjia	PROPN
cjal-9190	389	3	rebecca	rebecca	PROPN
cjal-9190	389	4	lin	lin	PROPN
cjal-9190	389	5	&	&	CCONJ
cjal-9190	389	6	xiaoqing	xiaoqing	PROPN
cjal-9190	389	7	maggie	maggie	PROPN
cjal-9190	389	8	fu	fu	PROPN
cjal-9190	389	9	,	,	PUNCT
cjal-9190	389	10	does	do	VERB
cjal-9190	389	11	institutional	institutional	ADJ
cjal-9190	389	12	ownership	ownership	NOUN
cjal-9190	389	13	influence	influence	NOUN
cjal-9190	389	14	firm	firm	NOUN
cjal-9190	389	15	performance	performance	NOUN
cjal-9190	389	16	?	?	PUNCT
cjal-9190	390	1	evidence	evidence	NOUN
cjal-9190	390	2	from	from	ADP
cjal-9190	390	3	china	china	PROPN
cjal-9190	390	4	,	,	PUNCT
cjal-9190	390	5	49	49	NUM
cjal-9190	390	6	int’l	int’l	NUM
cjal-9190	390	7	.	.	PUNCT
cjal-9190	391	1	rev	rev	PROPN
cjal-9190	391	2	.	.	PROPN
cjal-9190	391	3	econ	econ	PROPN
cjal-9190	391	4	.	.	PUNCT
cjal-9190	392	1	fin	fin	PROPN
cjal-9190	392	2	.	.	PUNCT
cjal-9190	393	1	17	17	NUM
cjal-9190	393	2	(	(	PUNCT
cjal-9190	393	3	2017	2017	NUM
cjal-9190	393	4	)	)	PUNCT
cjal-9190	393	5	(	(	PUNCT
cjal-9190	393	6	results	result	NOUN
cjal-9190	393	7	show	show	VERB
cjal-9190	393	8	that	that	SCONJ
cjal-9190	393	9	foreign	foreign	ADJ
cjal-9190	393	10	and	and	CCONJ
cjal-9190	393	11	large	large	ADJ
cjal-9190	393	12	institutional	institutional	ADJ
cjal-9190	393	13	shareholders	shareholder	NOUN
cjal-9190	393	14	have	have	VERB
cjal-9190	393	15	the	the	DET
cjal-9190	393	16	greatest	great	ADJ
cjal-9190	393	17	positive	positive	ADJ
cjal-9190	393	18	effects	effect	NOUN
cjal-9190	393	19	on	on	ADP
cjal-9190	393	20	firm	firm	ADJ
cjal-9190	393	21	performance	performance	NOUN
cjal-9190	393	22	)	)	PUNCT
cjal-9190	393	23	;	;	PUNCT
cjal-9190	393	24	huang	huang	PROPN
cjal-9190	393	25	&	&	CCONJ
cjal-9190	393	26	zhu	zhu	PROPN
cjal-9190	393	27	,	,	PUNCT
cjal-9190	393	28	supra	supra	PROPN
cjal-9190	393	29	note	note	NOUN
cjal-9190	393	30	47	47	NUM
cjal-9190	393	31	at	at	ADP
cjal-9190	393	32	324	324	NUM
cjal-9190	393	33	(	(	PUNCT
cjal-9190	393	34	results	result	NOUN
cjal-9190	393	35	suggest	suggest	VERB
cjal-9190	393	36	that	that	SCONJ
cjal-9190	393	37	foreign	foreign	ADJ
cjal-9190	393	38	institutional	institutional	ADJ
cjal-9190	393	39	investors	investor	NOUN
cjal-9190	393	40	are	be	AUX
cjal-9190	393	41	less	less	ADV
cjal-9190	393	42	prone	prone	ADJ
cjal-9190	393	43	to	to	ADP
cjal-9190	393	44	political	political	ADJ
cjal-9190	393	45	pressure	pressure	NOUN
cjal-9190	393	46	from	from	ADP
cjal-9190	393	47	the	the	DET
cjal-9190	393	48	controlling	control	VERB
cjal-9190	393	49	state	state	NOUN
cjal-9190	393	50	shareholders	shareholder	NOUN
cjal-9190	393	51	and	and	CCONJ
cjal-9190	393	52	are	be	AUX
cjal-9190	393	53	more	more	ADV
cjal-9190	393	54	likely	likely	ADJ
cjal-9190	393	55	to	to	PART
cjal-9190	393	56	perform	perform	VERB
cjal-9190	393	57	an	an	DET
cjal-9190	393	58	unbiased	unbiased	ADJ
cjal-9190	393	59	monitoring	monitoring	NOUN
cjal-9190	393	60	role	role	NOUN
cjal-9190	393	61	)	)	PUNCT
cjal-9190	393	62	;	;	PUNCT
cjal-9190	394	1	reena	reena	PROPN
cjal-9190	394	2	aggarwal	aggarwal	PROPN
cjal-9190	394	3	,	,	PUNCT
cjal-9190	394	4	may	may	PROPN
cjal-9190	394	5	hu	hu	PROPN
cjal-9190	394	6	&	&	CCONJ
cjal-9190	394	7	jingjing	jingjing	PROPN
cjal-9190	394	8	yang	yang	PROPN
cjal-9190	394	9	,	,	PUNCT
cjal-9190	394	10	fraud	fraud	NOUN
cjal-9190	394	11	,	,	PUNCT
cjal-9190	394	12	market	market	NOUN
cjal-9190	394	13	reaction	reaction	NOUN
cjal-9190	394	14	,	,	PUNCT
cjal-9190	394	15	and	and	CCONJ
cjal-9190	394	16	the	the	DET
cjal-9190	394	17	role	role	NOUN
cjal-9190	394	18	of	of	ADP
cjal-9190	394	19	institutional	institutional	ADJ
cjal-9190	394	20	investors	investor	NOUN
cjal-9190	394	21	in	in	ADP
cjal-9190	394	22	chinese	chinese	ADJ
cjal-9190	394	23	listed	list	VERB
cjal-9190	394	24	firm	firm	NOUN
cjal-9190	394	25	,	,	PUNCT
cjal-9190	394	26	41	41	NUM
cjal-9190	394	27	j.	j.	PROPN
cjal-9190	394	28	port	port	PROPN
cjal-9190	394	29	.	.	PUNCT
cjal-9190	395	1	mgmt	mgmt	PROPN
cjal-9190	395	2	.	.	PROPN
cjal-9190	396	1	92	92	NUM
cjal-9190	396	2	,	,	PUNCT
cjal-9190	396	3	107	107	NUM
cjal-9190	396	4	(	(	PUNCT
cjal-9190	396	5	2015	2015	NUM
cjal-9190	396	6	)	)	PUNCT
cjal-9190	396	7	(	(	PUNCT
cjal-9190	396	8	results	result	NOUN
cjal-9190	396	9	show	show	VERB
cjal-9190	396	10	the	the	DET
cjal-9190	396	11	opposite	opposite	NOUN
cjal-9190	396	12	,	,	PUNCT
cjal-9190	396	13	that	that	SCONJ
cjal-9190	396	14	domestic	domestic	ADJ
cjal-9190	396	15	mutual	mutual	ADJ
cjal-9190	396	16	funds	fund	NOUN
cjal-9190	396	17	are	be	AUX
cjal-9190	396	18	the	the	DET
cjal-9190	396	19	only	only	ADJ
cjal-9190	396	20	type	type	NOUN
cjal-9190	396	21	of	of	ADP
cjal-9190	396	22	institutional	institutional	ADJ
cjal-9190	396	23	investor	investor	NOUN
cjal-9190	396	24	who	who	PRON
cjal-9190	396	25	will	will	AUX
cjal-9190	396	26	play	play	VERB
cjal-9190	396	27	any	any	DET
cjal-9190	396	28	role	role	NOUN
cjal-9190	396	29	in	in	ADP
cjal-9190	396	30	monitoring	monitoring	NOUN
cjal-9190	396	31	)	)	PUNCT
cjal-9190	396	32	.	.	PUNCT
cjal-9190	397	1	97	97	NUM
cjal-9190	397	2	several	several	ADJ
cjal-9190	397	3	articles	article	NOUN
cjal-9190	397	4	generally	generally	ADV
cjal-9190	397	5	suggest	suggest	VERB
cjal-9190	397	6	that	that	SCONJ
cjal-9190	397	7	sifs	sif	NOUN
cjal-9190	397	8	,	,	PUNCT
cjal-9190	397	9	more	more	ADV
cjal-9190	397	10	so	so	ADV
cjal-9190	397	11	than	than	ADP
cjal-9190	397	12	other	other	ADJ
cjal-9190	397	13	institutional	institutional	ADJ
cjal-9190	397	14	investors	investor	NOUN
cjal-9190	397	15	,	,	PUNCT
cjal-9190	397	16	are	be	AUX
cjal-9190	397	17	the	the	DET
cjal-9190	397	18	best	good	ADJ
cjal-9190	397	19	at	at	ADP
cjal-9190	397	20	corporate	corporate	ADJ
cjal-9190	397	21	governance	governance	NOUN
cjal-9190	397	22	monitoring	monitoring	NOUN
cjal-9190	397	23	as	as	ADP
cjal-9190	397	24	compared	compare	VERB
cjal-9190	397	25	to	to	ADP
cjal-9190	397	26	other	other	ADJ
cjal-9190	397	27	institutional	institutional	ADJ
cjal-9190	397	28	investors	investor	NOUN
cjal-9190	397	29	:	:	PUNCT
cjal-9190	397	30	michael	michael	PROPN
cjal-9190	397	31	firth	firth	PROPN
cjal-9190	397	32	et	et	PROPN
cjal-9190	397	33	al	al	PROPN
cjal-9190	397	34	.	.	PROPN
cjal-9190	397	35	,	,	PUNCT
cjal-9190	397	36	institutional	institutional	ADJ
cjal-9190	397	37	stock	stock	NOUN
cjal-9190	397	38	ownership	ownership	NOUN
cjal-9190	397	39	and	and	CCONJ
cjal-9190	397	40	firms	firm	NOUN
cjal-9190	397	41	’	’	PART
cjal-9190	397	42	cash	cash	NOUN
cjal-9190	397	43	dividend	dividend	NOUN
cjal-9190	397	44	policies	policy	NOUN
cjal-9190	397	45	:	:	PUNCT
cjal-9190	397	46	evidence	evidence	NOUN
cjal-9190	397	47	from	from	ADP
cjal-9190	397	48	china	china	PROPN
cjal-9190	397	49	,	,	PUNCT
cjal-9190	397	50	65	65	NUM
cjal-9190	397	51	j.	j.	PROPN
cjal-9190	397	52	banking	banking	PROPN
cjal-9190	397	53	&	&	CCONJ
cjal-9190	397	54	fin	fin	PROPN
cjal-9190	397	55	.	.	PROPN
cjal-9190	397	56	,	,	PUNCT
cjal-9190	397	57	91	91	NUM
cjal-9190	397	58	,	,	PUNCT
cjal-9190	397	59	105	105	NUM
cjal-9190	397	60	(	(	PUNCT
cjal-9190	397	61	2016	2016	NUM
cjal-9190	397	62	)	)	PUNCT
cjal-9190	397	63	;	;	PUNCT
cjal-9190	397	64	jing	je	VERB
cjal-9190	397	65	chi	chi	PROPN
cjal-9190	397	66	et	et	PROPN
cjal-9190	397	67	al	al	PROPN
cjal-9190	397	68	.	.	PROPN
cjal-9190	397	69	,	,	PUNCT
cjal-9190	397	70	institutional	institutional	ADJ
cjal-9190	397	71	stock	stock	NOUN
cjal-9190	397	72	ownership	ownership	NOUN
cjal-9190	397	73	and	and	CCONJ
cjal-9190	397	74	firm	firm	ADJ
cjal-9190	397	75	innovation	innovation	NOUN
cjal-9190	397	76	:	:	PUNCT
cjal-9190	397	77	evidence	evidence	NOUN
cjal-9190	397	78	from	from	ADP
cjal-9190	397	79	china	china	PROPN
cjal-9190	397	80	,	,	PUNCT
cjal-9190	397	81	50	50	NUM
cjal-9190	397	82	j.	j.	PROPN
cjal-9190	397	83	multinatl	multinatl	PROPN
cjal-9190	397	84	.	.	PUNCT
cjal-9190	398	1	fin	fin	PROPN
cjal-9190	398	2	.	.	PUNCT
cjal-9190	399	1	mgmt	mgmt	PROPN
cjal-9190	399	2	.	.	PROPN
cjal-9190	400	1	44	44	NUM
cjal-9190	400	2	,	,	PUNCT
cjal-9190	400	3	55	55	NUM
cjal-9190	400	4	(	(	PUNCT
cjal-9190	400	5	2019	2019	NUM
cjal-9190	400	6	)	)	PUNCT
cjal-9190	400	7	;	;	PUNCT
cjal-9190	400	8	amon	amon	PROPN
cjal-9190	400	9	chizema	chizema	PROPN
cjal-9190	400	10	et	et	PROPN
cjal-9190	400	11	.	.	PUNCT
cjal-9190	401	1	al	al	PROPN
cjal-9190	401	2	,	,	PUNCT
cjal-9190	401	3	mutual	mutual	ADJ
cjal-9190	401	4	funds	fund	NOUN
cjal-9190	401	5	,	,	PUNCT
cjal-9190	401	6	tunneling	tunneling	NOUN
cjal-9190	401	7	and	and	CCONJ
cjal-9190	401	8	firm	firm	ADJ
cjal-9190	401	9	performance	performance	NOUN
cjal-9190	401	10	:	:	PUNCT
cjal-9190	401	11	evidence	evidence	NOUN
cjal-9190	401	12	from	from	ADP
cjal-9190	401	13	china	china	PROPN
cjal-9190	401	14	,	,	PUNCT
cjal-9190	401	15	55	55	NUM
cjal-9190	401	16	rev	rev	VERB
cjal-9190	401	17	.	.	PUNCT
cjal-9190	402	1	quant	quant	NOUN
cjal-9190	402	2	.	.	PUNCT
cjal-9190	403	1	fin	fin	NOUN
cjal-9190	403	2	.	.	PUNCT
cjal-9190	404	1	355	355	NUM
cjal-9190	404	2	,	,	PUNCT
cjal-9190	404	3	382	382	NUM
cjal-9190	404	4	-	-	SYM
cjal-9190	404	5	83	83	NUM
cjal-9190	404	6	(	(	PUNCT
cjal-9190	404	7	2020	2020	NUM
cjal-9190	404	8	)	)	PUNCT
cjal-9190	404	9	.	.	PUNCT
cjal-9190	405	1	98	98	NUM
cjal-9190	405	2	lin	lin	PROPN
cjal-9190	405	3	&	&	CCONJ
cjal-9190	405	4	fu	fu	PROPN
cjal-9190	405	5	,	,	PUNCT
cjal-9190	405	6	supra	supra	PROPN
cjal-9190	405	7	note	note	NOUN
cjal-9190	405	8	96	96	NUM
cjal-9190	405	9	,	,	PUNCT
cjal-9190	405	10	at	at	ADP
cjal-9190	405	11	18	18	NUM
cjal-9190	405	12	.	.	PUNCT
cjal-9190	405	13	99	99	NUM
cjal-9190	406	1	i	i	NOUN
cjal-9190	406	2	d.	d.	PROPN
cjal-9190	406	3	2022	2022	NUM
cjal-9190	406	4	]	]	PUNCT
cjal-9190	406	5	columbia	columbia	PROPN
cjal-9190	406	6	journal	journal	PROPN
cjal-9190	406	7	of	of	ADP
cjal-9190	406	8	asian	asian	ADJ
cjal-9190	406	9	law	law	PROPN
cjal-9190	406	10	107	107	NUM
cjal-9190	406	11	a	a	DET
cjal-9190	406	12	review	review	NOUN
cjal-9190	406	13	of	of	ADP
cjal-9190	406	14	these	these	DET
cjal-9190	406	15	empirical	empirical	ADJ
cjal-9190	406	16	studies	study	NOUN
cjal-9190	406	17	also	also	ADV
cjal-9190	406	18	suggests	suggest	VERB
cjal-9190	406	19	some	some	DET
cjal-9190	406	20	more	more	ADV
cjal-9190	406	21	specific	specific	ADJ
cjal-9190	406	22	normative	normative	ADJ
cjal-9190	406	23	implications	implication	NOUN
cjal-9190	406	24	of	of	ADP
cjal-9190	406	25	the	the	DET
cjal-9190	406	26	rise	rise	NOUN
cjal-9190	406	27	of	of	ADP
cjal-9190	406	28	institutional	institutional	ADJ
cjal-9190	406	29	investors	investor	NOUN
cjal-9190	406	30	on	on	ADP
cjal-9190	406	31	chinese	chinese	ADJ
cjal-9190	406	32	corporate	corporate	ADJ
cjal-9190	406	33	governance	governance	NOUN
cjal-9190	406	34	.	.	PUNCT
cjal-9190	407	1	several	several	ADJ
cjal-9190	407	2	studies	study	NOUN
cjal-9190	407	3	suggest	suggest	VERB
cjal-9190	407	4	that	that	SCONJ
cjal-9190	407	5	sifs	sif	NOUN
cjal-9190	407	6	—	—	PUNCT
cjal-9190	407	7	particularly	particularly	ADV
cjal-9190	407	8	domestic	domestic	ADJ
cjal-9190	407	9	sifs	sif	NOUN
cjal-9190	407	10	when	when	SCONJ
cjal-9190	407	11	compared	compare	VERB
cjal-9190	407	12	with	with	ADP
cjal-9190	407	13	other	other	ADJ
cjal-9190	407	14	types	type	NOUN
cjal-9190	407	15	of	of	ADP
cjal-9190	407	16	institutional	institutional	ADJ
cjal-9190	407	17	investors	investor	NOUN
cjal-9190	407	18	—	—	PUNCT
cjal-9190	407	19	improve	improve	VERB
cjal-9190	407	20	the	the	DET
cjal-9190	407	21	corporate	corporate	ADJ
cjal-9190	407	22	governance	governance	NOUN
cjal-9190	407	23	of	of	ADP
cjal-9190	407	24	a	a	DET
cjal-9190	407	25	-	-	PUNCT
cjal-9190	407	26	shares	share	NOUN
cjal-9190	407	27	companies	company	NOUN
cjal-9190	407	28	.	.	PUNCT
cjal-9190	408	1	yuan	yuan	PROPN
cjal-9190	408	2	,	,	PUNCT
cjal-9190	408	3	xiao	xiao	PROPN
cjal-9190	408	4	,	,	PUNCT
cjal-9190	408	5	and	and	CCONJ
cjal-9190	408	6	zou	zou	PROPN
cjal-9190	408	7	(	(	PUNCT
cjal-9190	408	8	2008	2008	NUM
cjal-9190	408	9	)	)	PUNCT
cjal-9190	408	10	,	,	PUNCT
cjal-9190	408	11	published	publish	VERB
cjal-9190	408	12	a	a	DET
cjal-9190	408	13	pioneering	pioneer	VERB
cjal-9190	408	14	study	study	NOUN
cjal-9190	408	15	that	that	PRON
cjal-9190	408	16	found	find	VERB
cjal-9190	408	17	statistically	statistically	ADV
cjal-9190	408	18	significant	significant	ADJ
cjal-9190	408	19	empirical	empirical	ADJ
cjal-9190	408	20	evidence	evidence	NOUN
cjal-9190	408	21	that	that	SCONJ
cjal-9190	408	22	ownership	ownership	NOUN
cjal-9190	408	23	by	by	ADP
cjal-9190	408	24	domestic	domestic	ADJ
cjal-9190	408	25	sifs	sif	NOUN
cjal-9190	408	26	had	have	AUX
cjal-9190	408	27	a	a	DET
cjal-9190	408	28	positive	positive	ADJ
cjal-9190	408	29	impact	impact	NOUN
cjal-9190	408	30	on	on	ADP
cjal-9190	408	31	the	the	DET
cjal-9190	408	32	performance	performance	NOUN
cjal-9190	408	33	of	of	ADP
cjal-9190	408	34	ashares	ashare	NOUN
cjal-9190	408	35	companies100	companies100	PROPN
cjal-9190	408	36	—	—	PUNCT
cjal-9190	408	37	which	which	PRON
cjal-9190	408	38	has	have	AUX
cjal-9190	408	39	been	be	AUX
cjal-9190	408	40	repeatedly	repeatedly	ADV
cjal-9190	408	41	cited	cite	VERB
cjal-9190	408	42	in	in	ADP
cjal-9190	408	43	support	support	NOUN
cjal-9190	408	44	of	of	ADP
cjal-9190	408	45	the	the	DET
cjal-9190	408	46	chinese	chinese	ADJ
cjal-9190	408	47	government	government	NOUN
cjal-9190	408	48	’s	’s	PART
cjal-9190	408	49	consistent	consistent	ADJ
cjal-9190	408	50	effort	effort	NOUN
cjal-9190	408	51	over	over	ADP
cjal-9190	408	52	the	the	DET
cjal-9190	408	53	past	past	ADJ
cjal-9190	408	54	two	two	NUM
cjal-9190	408	55	decades	decade	NOUN
cjal-9190	408	56	to	to	PART
cjal-9190	408	57	promote	promote	VERB
cjal-9190	408	58	sifs	sif	NOUN
cjal-9190	408	59	as	as	ADP
cjal-9190	408	60	a	a	DET
cjal-9190	408	61	valuable	valuable	ADJ
cjal-9190	408	62	corporate	corporate	ADJ
cjal-9190	408	63	governance	governance	NOUN
cjal-9190	408	64	mechanism.101	mechanism.101	NOUN
cjal-9190	408	65	in	in	ADP
cjal-9190	408	66	a	a	DET
cjal-9190	408	67	later	later	ADJ
cjal-9190	408	68	article	article	NOUN
cjal-9190	408	69	,	,	PUNCT
cjal-9190	408	70	aggarwal	aggarwal	PROPN
cjal-9190	408	71	,	,	PUNCT
cjal-9190	408	72	hu	hu	PROPN
cjal-9190	408	73	,	,	PUNCT
cjal-9190	408	74	and	and	CCONJ
cjal-9190	408	75	yang	yang	PROPN
cjal-9190	408	76	(	(	PUNCT
cjal-9190	408	77	2015	2015	NUM
cjal-9190	408	78	)	)	PUNCT
cjal-9190	408	79	,	,	PUNCT
cjal-9190	408	80	found	find	VERB
cjal-9190	408	81	that	that	SCONJ
cjal-9190	408	82	domestic	domestic	ADJ
cjal-9190	408	83	sifs	sif	NOUN
cjal-9190	408	84	are	be	AUX
cjal-9190	408	85	the	the	DET
cjal-9190	408	86	only	only	ADJ
cjal-9190	408	87	type	type	NOUN
cjal-9190	408	88	of	of	ADP
cjal-9190	408	89	institutional	institutional	ADJ
cjal-9190	408	90	investor	investor	NOUN
cjal-9190	408	91	to	to	PART
cjal-9190	408	92	play	play	VERB
cjal-9190	408	93	a	a	DET
cjal-9190	408	94	positive	positive	ADJ
cjal-9190	408	95	monitoring	monitoring	NOUN
cjal-9190	408	96	role	role	NOUN
cjal-9190	408	97	in	in	ADP
cjal-9190	408	98	chinese	chinese	ADJ
cjal-9190	408	99	corporate	corporate	ADJ
cjal-9190	408	100	governance	governance	NOUN
cjal-9190	408	101	—	—	PUNCT
cjal-9190	408	102	based	base	VERB
cjal-9190	408	103	on	on	ADP
cjal-9190	408	104	a	a	DET
cjal-9190	408	105	positive	positive	ADJ
cjal-9190	408	106	correlation	correlation	NOUN
cjal-9190	408	107	between	between	ADP
cjal-9190	408	108	higher	high	ADJ
cjal-9190	408	109	domestic	domestic	ADJ
cjal-9190	408	110	sif	sif	NOUN
cjal-9190	408	111	ownership	ownership	NOUN
cjal-9190	408	112	and	and	CCONJ
cjal-9190	408	113	lower	low	ADJ
cjal-9190	408	114	fraud	fraud	NOUN
cjal-9190	408	115	.	.	PUNCT
cjal-9190	409	1	102	102	NUM
cjal-9190	409	2	they	they	PRON
cjal-9190	409	3	also	also	ADV
cjal-9190	409	4	suggest	suggest	VERB
cjal-9190	409	5	that	that	SCONJ
cjal-9190	409	6	foreign	foreign	ADJ
cjal-9190	409	7	institutional	institutional	ADJ
cjal-9190	409	8	investors	investor	NOUN
cjal-9190	409	9	are	be	AUX
cjal-9190	409	10	ineffective	ineffective	ADJ
cjal-9190	409	11	monitors	monitor	NOUN
cjal-9190	409	12	due	due	ADP
cjal-9190	409	13	to	to	ADP
cjal-9190	409	14	their	their	PRON
cjal-9190	409	15	small	small	ADJ
cjal-9190	409	16	ownership	ownership	NOUN
cjal-9190	409	17	stakes	stake	NOUN
cjal-9190	409	18	and	and	CCONJ
cjal-9190	409	19	other	other	ADJ
cjal-9190	409	20	domestic	domestic	ADJ
cjal-9190	409	21	institutional	institutional	ADJ
cjal-9190	409	22	investors	investor	NOUN
cjal-9190	409	23	(	(	PUNCT
cjal-9190	409	24	i.e.	i.e.	X
cjal-9190	409	25	,	,	PUNCT
cjal-9190	409	26	insurance	insurance	NOUN
cjal-9190	409	27	companies	company	NOUN
cjal-9190	409	28	,	,	PUNCT
cjal-9190	409	29	pension	pension	NOUN
cjal-9190	409	30	funds	fund	NOUN
cjal-9190	409	31	,	,	PUNCT
cjal-9190	409	32	and	and	CCONJ
cjal-9190	409	33	trusts	trust	NOUN
cjal-9190	409	34	)	)	PUNCT
cjal-9190	409	35	are	be	AUX
cjal-9190	409	36	compromised	compromise	VERB
cjal-9190	409	37	by	by	ADP
cjal-9190	409	38	their	their	PRON
cjal-9190	409	39	business	business	NOUN
cjal-9190	409	40	relationships	relationship	NOUN
cjal-9190	409	41	with	with	ADP
cjal-9190	409	42	the	the	DET
cjal-9190	409	43	investee	investee	NOUN
cjal-9190	409	44	companies	company	NOUN
cjal-9190	409	45	they	they	PRON
cjal-9190	409	46	are	be	AUX
cjal-9190	409	47	supposed	suppose	VERB
cjal-9190	409	48	to	to	PART
cjal-9190	409	49	monitor.103	monitor.103	VERB
cjal-9190	409	50	in	in	ADP
cjal-9190	409	51	a	a	DET
cjal-9190	409	52	similar	similar	ADJ
cjal-9190	409	53	vein	vein	NOUN
cjal-9190	409	54	,	,	PUNCT
cjal-9190	410	1	firth	firth	PROPN
cjal-9190	410	2	et	et	PROPN
cjal-9190	410	3	al	al	PROPN
cjal-9190	410	4	.	.	PROPN
cjal-9190	411	1	(	(	PUNCT
cjal-9190	411	2	2016	2016	NUM
cjal-9190	411	3	)	)	PUNCT
cjal-9190	411	4	conclude	conclude	VERB
cjal-9190	411	5	that	that	SCONJ
cjal-9190	411	6	sifs	sif	NOUN
cjal-9190	411	7	improve	improve	VERB
cjal-9190	411	8	corporate	corporate	ADJ
cjal-9190	411	9	governance	governance	NOUN
cjal-9190	411	10	monitoring	monitoring	NOUN
cjal-9190	411	11	based	base	VERB
cjal-9190	411	12	on	on	ADP
cjal-9190	411	13	evidence	evidence	NOUN
cjal-9190	411	14	of	of	ADP
cjal-9190	411	15	a	a	DET
cjal-9190	411	16	positive	positive	ADJ
cjal-9190	411	17	correlation	correlation	NOUN
cjal-9190	411	18	between	between	ADP
cjal-9190	411	19	sif	sif	NOUN
cjal-9190	411	20	ownership	ownership	NOUN
cjal-9190	411	21	and	and	CCONJ
cjal-9190	411	22	higher	high	ADJ
cjal-9190	411	23	cash	cash	NOUN
cjal-9190	411	24	dividends	dividend	NOUN
cjal-9190	411	25	—	—	PUNCT
cjal-9190	411	26	which	which	PRON
cjal-9190	411	27	is	be	AUX
cjal-9190	411	28	absent	absent	ADJ
cjal-9190	411	29	with	with	ADP
cjal-9190	411	30	respect	respect	NOUN
cjal-9190	411	31	to	to	ADP
cjal-9190	411	32	other	other	ADJ
cjal-9190	411	33	institutional	institutional	ADJ
cjal-9190	411	34	investors	investor	NOUN
cjal-9190	411	35	such	such	ADJ
cjal-9190	411	36	as	as	ADP
cjal-9190	411	37	banks	bank	NOUN
cjal-9190	411	38	,	,	PUNCT
cjal-9190	411	39	insurance	insurance	NOUN
cjal-9190	411	40	companies	company	NOUN
cjal-9190	411	41	,	,	PUNCT
cjal-9190	411	42	and	and	CCONJ
cjal-9190	411	43	securities	security	NOUN
cjal-9190	411	44	companies	company	NOUN
cjal-9190	411	45	.	.	PUNCT
cjal-9190	412	1	104	104	NUM
cjal-9190	412	2	chi	chi	PROPN
cjal-9190	412	3	,	,	PUNCT
cjal-9190	412	4	liao	liao	PROPN
cjal-9190	412	5	,	,	PUNCT
cjal-9190	412	6	and	and	CCONJ
cjal-9190	412	7	yang	yang	PROPN
cjal-9190	412	8	(	(	PUNCT
cjal-9190	412	9	2019	2019	NUM
cjal-9190	412	10	)	)	PUNCT
cjal-9190	412	11	similarly	similarly	ADV
cjal-9190	412	12	find	find	VERB
cjal-9190	412	13	that	that	SCONJ
cjal-9190	412	14	sifs	sif	NOUN
cjal-9190	412	15	significantly	significantly	ADV
cjal-9190	412	16	increases	increase	VERB
cjal-9190	412	17	firm	firm	ADJ
cjal-9190	412	18	innovation	innovation	NOUN
cjal-9190	412	19	,	,	PUNCT
cjal-9190	412	20	but	but	CCONJ
cjal-9190	412	21	this	this	DET
cjal-9190	412	22	effect	effect	NOUN
cjal-9190	412	23	is	be	AUX
cjal-9190	412	24	not	not	PART
cjal-9190	412	25	found	find	VERB
cjal-9190	412	26	for	for	ADP
cjal-9190	412	27	other	other	ADJ
cjal-9190	412	28	types	type	NOUN
cjal-9190	412	29	of	of	ADP
cjal-9190	412	30	institutional	institutional	ADJ
cjal-9190	412	31	investors	investor	NOUN
cjal-9190	412	32	,	,	PUNCT
cjal-9190	412	33	such	such	ADJ
cjal-9190	412	34	as	as	ADP
cjal-9190	412	35	insurance	insurance	NOUN
cjal-9190	412	36	companies	company	NOUN
cjal-9190	412	37	,	,	PUNCT
cjal-9190	412	38	pension	pension	NOUN
cjal-9190	412	39	funds	fund	NOUN
cjal-9190	412	40	,	,	PUNCT
cjal-9190	412	41	or	or	CCONJ
cjal-9190	412	42	qfiis.105	qfiis.105	NUM
cjal-9190	412	43	chizema	chizema	NOUN
cjal-9190	412	44	et	et	PROPN
cjal-9190	412	45	al	al	PROPN
cjal-9190	412	46	.	.	PROPN
cjal-9190	413	1	(	(	PUNCT
cjal-9190	413	2	2019	2019	NUM
cjal-9190	413	3	)	)	PUNCT
cjal-9190	413	4	also	also	ADV
cjal-9190	413	5	find	find	VERB
cjal-9190	413	6	that	that	SCONJ
cjal-9190	413	7	an	an	DET
cjal-9190	413	8	increase	increase	NOUN
cjal-9190	413	9	in	in	ADP
cjal-9190	413	10	sif	sif	NOUN
cjal-9190	413	11	ownership	ownership	NOUN
cjal-9190	413	12	improves	improve	VERB
cjal-9190	413	13	firm	firm	ADJ
cjal-9190	413	14	performance	performance	NOUN
cjal-9190	413	15	in	in	ADP
cjal-9190	413	16	a	a	DET
cjal-9190	413	17	-	-	PUNCT
cjal-9190	413	18	shares	share	NOUN
cjal-9190	413	19	companies	company	NOUN
cjal-9190	413	20	by	by	ADP
cjal-9190	413	21	effectively	effectively	ADV
cjal-9190	413	22	mitigating	mitigate	VERB
cjal-9190	413	23	the	the	DET
cjal-9190	413	24	tunneling	tunneling	NOUN
cjal-9190	413	25	behavior	behavior	NOUN
cjal-9190	413	26	of	of	ADP
cjal-9190	413	27	controlling	control	VERB
cjal-9190	413	28	shareholders.106	shareholders.106	PROPN
cjal-9190	413	29	collectively	collectively	ADV
cjal-9190	413	30	,	,	PUNCT
cjal-9190	413	31	these	these	DET
cjal-9190	413	32	empirical	empirical	ADJ
cjal-9190	413	33	studies	study	NOUN
cjal-9190	413	34	suggest	suggest	VERB
cjal-9190	413	35	that	that	SCONJ
cjal-9190	413	36	sifs	sif	NOUN
cjal-9190	413	37	—	—	PUNCT
cjal-9190	413	38	particularly	particularly	ADV
cjal-9190	413	39	domestic	domestic	ADJ
cjal-9190	413	40	sifs	sif	NOUN
cjal-9190	413	41	in	in	ADP
cjal-9190	413	42	comparison	comparison	NOUN
cjal-9190	413	43	to	to	ADP
cjal-9190	413	44	other	other	ADJ
cjal-9190	413	45	types	type	NOUN
cjal-9190	413	46	of	of	ADP
cjal-9190	413	47	institutional	institutional	ADJ
cjal-9190	413	48	investors	investor	NOUN
cjal-9190	413	49	—	—	PUNCT
cjal-9190	413	50	improve	improve	VERB
cjal-9190	413	51	the	the	DET
cjal-9190	413	52	corporate	corporate	ADJ
cjal-9190	413	53	governance	governance	NOUN
cjal-9190	413	54	in	in	ADP
cjal-9190	413	55	a	a	DET
cjal-9190	413	56	-	-	PUNCT
cjal-9190	413	57	shares	share	NOUN
cjal-9190	413	58	companies	company	NOUN
cjal-9190	413	59	.	.	PUNCT
cjal-9190	414	1	100	100	NUM
cjal-9190	414	2	rongli	rongli	NOUN
cjal-9190	414	3	yuan	yuan	PROPN
cjal-9190	414	4	et	et	PROPN
cjal-9190	414	5	al	al	PROPN
cjal-9190	414	6	.	.	PROPN
cjal-9190	414	7	,	,	PUNCT
cjal-9190	414	8	mutual	mutual	ADJ
cjal-9190	414	9	funds	fund	NOUN
cjal-9190	414	10	’	'	PUNCT
cjal-9190	414	11	ownership	ownership	NOUN
cjal-9190	414	12	and	and	CCONJ
cjal-9190	414	13	firm	firm	ADJ
cjal-9190	414	14	performance	performance	NOUN
cjal-9190	414	15	:	:	PUNCT
cjal-9190	414	16	evidence	evidence	NOUN
cjal-9190	414	17	from	from	ADP
cjal-9190	414	18	china	china	PROPN
cjal-9190	414	19	,	,	PUNCT
cjal-9190	414	20	32	32	NUM
cjal-9190	414	21	j.	j.	PROPN
cjal-9190	414	22	banking	banking	PROPN
cjal-9190	414	23	&	&	CCONJ
cjal-9190	414	24	fin	fin	PROPN
cjal-9190	414	25	.	.	PUNCT
cjal-9190	414	26	1552	1552	NUM
cjal-9190	414	27	,	,	PUNCT
cjal-9190	414	28	at	at	ADP
cjal-9190	414	29	1563	1563	NUM
cjal-9190	414	30	(	(	PUNCT
cjal-9190	414	31	2008	2008	NUM
cjal-9190	414	32	)	)	PUNCT
cjal-9190	414	33	.	.	PUNCT
cjal-9190	415	1	101	101	NUM
cjal-9190	415	2	lin	lin	PROPN
cjal-9190	415	3	&	&	CCONJ
cjal-9190	415	4	fu	fu	PROPN
cjal-9190	415	5	,	,	PUNCT
cjal-9190	415	6	supra	supra	PROPN
cjal-9190	415	7	note	note	NOUN
cjal-9190	415	8	96	96	NUM
cjal-9190	415	9	,	,	PUNCT
cjal-9190	415	10	at	at	ADP
cjal-9190	415	11	18	18	NUM
cjal-9190	415	12	.	.	PUNCT
cjal-9190	415	13	102	102	NUM
cjal-9190	415	14	aggarwal	aggarwal	NOUN
cjal-9190	415	15	et	et	NOUN
cjal-9190	415	16	al	al	PROPN
cjal-9190	415	17	.	.	PROPN
cjal-9190	415	18	,	,	PUNCT
cjal-9190	415	19	supra	supra	PROPN
cjal-9190	415	20	note	note	NOUN
cjal-9190	415	21	96	96	NUM
cjal-9190	415	22	,	,	PUNCT
cjal-9190	415	23	at	at	ADP
cjal-9190	415	24	107	107	NUM
cjal-9190	415	25	.	.	PUNCT
cjal-9190	415	26	103	103	NUM
cjal-9190	416	1	i	i	PRON
cjal-9190	416	2	d.	d.	PROPN
cjal-9190	416	3	104	104	NUM
cjal-9190	416	4	firth	firth	PROPN
cjal-9190	416	5	et	et	PROPN
cjal-9190	416	6	al	al	PROPN
cjal-9190	416	7	.	.	PROPN
cjal-9190	416	8	,	,	PUNCT
cjal-9190	416	9	supra	supra	PROPN
cjal-9190	416	10	note	note	PROPN
cjal-9190	416	11	97	97	NUM
cjal-9190	416	12	,	,	PUNCT
cjal-9190	416	13	at	at	ADP
cjal-9190	416	14	105	105	NUM
cjal-9190	416	15	(	(	PUNCT
cjal-9190	416	16	without	without	ADP
cjal-9190	416	17	examining	examine	VERB
cjal-9190	416	18	the	the	DET
cjal-9190	416	19	distinction	distinction	NOUN
cjal-9190	416	20	between	between	ADP
cjal-9190	416	21	foreign	foreign	ADJ
cjal-9190	416	22	and	and	CCONJ
cjal-9190	416	23	domestic	domestic	ADJ
cjal-9190	416	24	sifs	sif	NOUN
cjal-9190	416	25	)	)	PUNCT
cjal-9190	416	26	.	.	PUNCT
cjal-9190	417	1	105	105	NUM
cjal-9190	417	2	chi	chi	NOUN
cjal-9190	417	3	et	et	PROPN
cjal-9190	417	4	al	al	PROPN
cjal-9190	417	5	.	.	PROPN
cjal-9190	417	6	,	,	PUNCT
cjal-9190	417	7	supra	supra	PROPN
cjal-9190	417	8	note	note	PROPN
cjal-9190	417	9	97	97	NUM
cjal-9190	417	10	,	,	PUNCT
cjal-9190	417	11	at	at	ADP
cjal-9190	417	12	54	54	NUM
cjal-9190	417	13	.	.	PUNCT
cjal-9190	417	14	106	106	NUM
cjal-9190	417	15	chizema	chizema	NOUN
cjal-9190	417	16	et	et	PROPN
cjal-9190	417	17	al	al	PROPN
cjal-9190	417	18	.	.	PROPN
cjal-9190	417	19	,	,	PUNCT
cjal-9190	417	20	supra	supra	PROPN
cjal-9190	417	21	note	note	PROPN
cjal-9190	417	22	97	97	NUM
cjal-9190	417	23	,	,	PUNCT
cjal-9190	417	24	at	at	ADP
cjal-9190	417	25	382	382	NUM
cjal-9190	417	26	.	.	NOUN
cjal-9190	417	27	108	108	NUM
cjal-9190	417	28	institutional	institutional	ADJ
cjal-9190	417	29	investors	investor	NOUN
cjal-9190	417	30	in	in	ADP
cjal-9190	417	31	china	china	PROPN
cjal-9190	418	1	[	[	X
cjal-9190	418	2	vol	vol	NOUN
cjal-9190	418	3	.	.	PUNCT
cjal-9190	418	4	35	35	NUM
cjal-9190	418	5	:	:	SYM
cjal-9190	418	6	74	74	NUM
cjal-9190	418	7	however	however	ADV
cjal-9190	418	8	,	,	PUNCT
cjal-9190	418	9	for	for	ADP
cjal-9190	418	10	three	three	NUM
cjal-9190	418	11	reasons	reason	NOUN
cjal-9190	418	12	,	,	PUNCT
cjal-9190	418	13	this	this	DET
cjal-9190	418	14	conclusion	conclusion	NOUN
cjal-9190	418	15	may	may	AUX
cjal-9190	418	16	not	not	PART
cjal-9190	418	17	be	be	AUX
cjal-9190	418	18	as	as	ADV
cjal-9190	418	19	definitive	definitive	ADJ
cjal-9190	418	20	as	as	SCONJ
cjal-9190	418	21	it	it	PRON
cjal-9190	418	22	appears	appear	VERB
cjal-9190	418	23	.	.	PUNCT
cjal-9190	419	1	first	first	ADV
cjal-9190	419	2	,	,	PUNCT
cjal-9190	419	3	all	all	DET
cjal-9190	419	4	these	these	DET
cjal-9190	419	5	studies	study	NOUN
cjal-9190	419	6	suffer	suffer	VERB
cjal-9190	419	7	from	from	ADP
cjal-9190	419	8	the	the	DET
cjal-9190	419	9	risk	risk	NOUN
cjal-9190	419	10	of	of	ADP
cjal-9190	419	11	endogeneity	endogeneity	NOUN
cjal-9190	419	12	as	as	SCONJ
cjal-9190	419	13	it	it	PRON
cjal-9190	419	14	makes	make	VERB
cjal-9190	419	15	sense	sense	NOUN
cjal-9190	419	16	that	that	SCONJ
cjal-9190	419	17	sifs	sif	NOUN
cjal-9190	419	18	would	would	AUX
cjal-9190	419	19	invest	invest	VERB
cjal-9190	419	20	in	in	ADP
cjal-9190	419	21	companies	company	NOUN
cjal-9190	419	22	with	with	ADP
cjal-9190	419	23	better	well	ADJ
cjal-9190	419	24	corporate	corporate	ADJ
cjal-9190	419	25	governance	governance	NOUN
cjal-9190	419	26	,	,	PUNCT
cjal-9190	419	27	raising	raise	VERB
cjal-9190	419	28	the	the	DET
cjal-9190	419	29	specter	specter	NOUN
cjal-9190	419	30	of	of	ADP
cjal-9190	419	31	reverse	reverse	ADJ
cjal-9190	419	32	causality	causality	NOUN
cjal-9190	419	33	.	.	PUNCT
cjal-9190	420	1	second	second	ADJ
cjal-9190	420	2	,	,	PUNCT
cjal-9190	420	3	none	none	NOUN
cjal-9190	420	4	of	of	ADP
cjal-9190	420	5	these	these	DET
cjal-9190	420	6	studies	study	NOUN
cjal-9190	420	7	provide	provide	VERB
cjal-9190	420	8	a	a	DET
cjal-9190	420	9	detailed	detailed	ADJ
cjal-9190	420	10	explanation	explanation	NOUN
cjal-9190	420	11	of	of	ADP
cjal-9190	420	12	how	how	SCONJ
cjal-9190	420	13	sifs	sif	NOUN
cjal-9190	420	14	,	,	PUNCT
cjal-9190	420	15	with	with	ADP
cjal-9190	420	16	their	their	PRON
cjal-9190	420	17	minority	minority	NOUN
cjal-9190	420	18	shareholdings	shareholding	NOUN
cjal-9190	420	19	,	,	PUNCT
cjal-9190	420	20	produce	produce	VERB
cjal-9190	420	21	a	a	DET
cjal-9190	420	22	statistically	statistically	ADV
cjal-9190	420	23	significant	significant	ADJ
cjal-9190	420	24	impact	impact	NOUN
cjal-9190	420	25	on	on	ADP
cjal-9190	420	26	corporate	corporate	ADJ
cjal-9190	420	27	governance	governance	NOUN
cjal-9190	420	28	.	.	PUNCT
cjal-9190	421	1	third	third	ADJ
cjal-9190	421	2	,	,	PUNCT
cjal-9190	421	3	many	many	ADJ
cjal-9190	421	4	of	of	ADP
cjal-9190	421	5	these	these	DET
cjal-9190	421	6	studies	study	NOUN
cjal-9190	421	7	are	be	AUX
cjal-9190	421	8	based	base	VERB
cjal-9190	421	9	on	on	ADP
cjal-9190	421	10	at	at	ADP
cjal-9190	421	11	least	least	ADJ
cjal-9190	421	12	some	some	PRON
cjal-9190	421	13	pre-2010	pre-2010	ADJ
cjal-9190	421	14	data	datum	NOUN
cjal-9190	421	15	,	,	PUNCT
cjal-9190	421	16	which	which	PRON
cjal-9190	421	17	preceded	precede	VERB
cjal-9190	421	18	the	the	DET
cjal-9190	421	19	atomization	atomization	NOUN
cjal-9190	421	20	of	of	ADP
cjal-9190	421	21	institutional	institutional	ADJ
cjal-9190	421	22	investors	investor	NOUN
cjal-9190	421	23	and	and	CCONJ
cjal-9190	421	24	were	be	AUX
cjal-9190	421	25	collected	collect	VERB
cjal-9190	421	26	at	at	ADP
cjal-9190	421	27	a	a	DET
cjal-9190	421	28	time	time	NOUN
cjal-9190	421	29	when	when	SCONJ
cjal-9190	421	30	sifs	sifs	PROPN
cjal-9190	421	31	dominated	dominate	VERB
cjal-9190	421	32	the	the	DET
cjal-9190	421	33	institutional	institutional	ADJ
cjal-9190	421	34	investors	investor	NOUN
cjal-9190	421	35	market	market	NOUN
cjal-9190	421	36	,	,	PUNCT
cjal-9190	421	37	raising	raise	VERB
cjal-9190	421	38	the	the	DET
cjal-9190	421	39	possibility	possibility	NOUN
cjal-9190	421	40	that	that	SCONJ
cjal-9190	421	41	other	other	ADJ
cjal-9190	421	42	types	type	NOUN
cjal-9190	421	43	of	of	ADP
cjal-9190	421	44	institutional	institutional	ADJ
cjal-9190	421	45	investors	investor	NOUN
cjal-9190	421	46	may	may	AUX
cjal-9190	421	47	now	now	ADV
cjal-9190	421	48	have	have	AUX
cjal-9190	421	49	a	a	DET
cjal-9190	421	50	greater	great	ADJ
cjal-9190	421	51	impact	impact	NOUN
cjal-9190	421	52	given	give	VERB
cjal-9190	421	53	their	their	PRON
cjal-9190	421	54	increased	increase	VERB
cjal-9190	421	55	shareholdings	shareholding	NOUN
cjal-9190	421	56	.	.	PUNCT
cjal-9190	422	1	however	however	ADV
cjal-9190	422	2	,	,	PUNCT
cjal-9190	422	3	even	even	ADV
cjal-9190	422	4	considering	consider	VERB
cjal-9190	422	5	these	these	DET
cjal-9190	422	6	complicating	complicate	VERB
cjal-9190	422	7	factors	factor	NOUN
cjal-9190	422	8	,	,	PUNCT
cjal-9190	422	9	this	this	DET
cjal-9190	422	10	body	body	NOUN
cjal-9190	422	11	of	of	ADP
cjal-9190	422	12	empirical	empirical	ADJ
cjal-9190	422	13	evidence	evidence	NOUN
cjal-9190	422	14	suggests	suggest	VERB
cjal-9190	422	15	that	that	SCONJ
cjal-9190	422	16	there	there	PRON
cjal-9190	422	17	is	be	VERB
cjal-9190	422	18	reason	reason	NOUN
cjal-9190	422	19	to	to	PART
cjal-9190	422	20	believe	believe	VERB
cjal-9190	422	21	that	that	SCONJ
cjal-9190	422	22	domestic	domestic	ADJ
cjal-9190	422	23	sifs	sif	NOUN
cjal-9190	422	24	appear	appear	VERB
cjal-9190	422	25	to	to	PART
cjal-9190	422	26	improve	improve	VERB
cjal-9190	422	27	chinese	chinese	ADJ
cjal-9190	422	28	corporate	corporate	ADJ
cjal-9190	422	29	governance	governance	NOUN
cjal-9190	422	30	by	by	ADP
cjal-9190	422	31	acting	act	VERB
cjal-9190	422	32	as	as	ADP
cjal-9190	422	33	a	a	DET
cjal-9190	422	34	monitor	monitor	NOUN
cjal-9190	422	35	of	of	ADP
cjal-9190	422	36	corporate	corporate	ADJ
cjal-9190	422	37	controllers	controller	NOUN
cjal-9190	422	38	.	.	PUNCT
cjal-9190	423	1	in	in	ADP
cjal-9190	423	2	this	this	DET
cjal-9190	423	3	context	context	NOUN
cjal-9190	423	4	,	,	PUNCT
cjal-9190	423	5	it	it	PRON
cjal-9190	423	6	is	be	AUX
cjal-9190	423	7	noteworthy	noteworthy	ADJ
cjal-9190	423	8	that	that	SCONJ
cjal-9190	423	9	one	one	NUM
cjal-9190	423	10	of	of	ADP
cjal-9190	423	11	the	the	DET
cjal-9190	423	12	most	most	ADV
cjal-9190	423	13	cited	cite	VERB
cjal-9190	423	14	empirical	empirical	ADJ
cjal-9190	423	15	studies	study	NOUN
cjal-9190	423	16	on	on	ADP
cjal-9190	423	17	the	the	DET
cjal-9190	423	18	impact	impact	NOUN
cjal-9190	423	19	of	of	ADP
cjal-9190	423	20	institutional	institutional	ADJ
cjal-9190	423	21	investors	investor	NOUN
cjal-9190	423	22	in	in	ADP
cjal-9190	423	23	the	the	DET
cjal-9190	423	24	ashares	ashare	NOUN
cjal-9190	423	25	market	market	NOUN
cjal-9190	423	26	provides	provide	VERB
cjal-9190	423	27	strong	strong	ADJ
cjal-9190	423	28	empirical	empirical	ADJ
cjal-9190	423	29	evidence	evidence	NOUN
cjal-9190	423	30	that	that	SCONJ
cjal-9190	423	31	in	in	ADP
cjal-9190	423	32	certain	certain	ADJ
cjal-9190	423	33	circumstances	circumstance	NOUN
cjal-9190	423	34	the	the	DET
cjal-9190	423	35	government	government	NOUN
cjal-9190	423	36	can	can	AUX
cjal-9190	423	37	—	—	PUNCT
cjal-9190	423	38	and	and	CCONJ
cjal-9190	423	39	will	will	AUX
cjal-9190	423	40	—	—	PUNCT
cjal-9190	423	41	also	also	ADV
cjal-9190	423	42	exert	exert	VERB
cjal-9190	423	43	political	political	ADJ
cjal-9190	423	44	pressure	pressure	NOUN
cjal-9190	423	45	on	on	ADP
cjal-9190	423	46	sifs	sif	NOUN
cjal-9190	423	47	to	to	PART
cjal-9190	423	48	achieve	achieve	VERB
cjal-9190	423	49	its	its	PRON
cjal-9190	423	50	political	political	ADJ
cjal-9190	423	51	and	and	CCONJ
cjal-9190	423	52	economic	economic	ADJ
cjal-9190	423	53	objectives	objective	NOUN
cjal-9190	423	54	.	.	PUNCT
cjal-9190	424	1	historically	historically	ADV
cjal-9190	424	2	,	,	PUNCT
cjal-9190	424	3	the	the	DET
cjal-9190	424	4	a	a	DET
cjal-9190	424	5	-	-	PUNCT
cjal-9190	424	6	shares	share	NOUN
cjal-9190	424	7	market	market	NOUN
cjal-9190	424	8	was	be	AUX
cjal-9190	424	9	divided	divide	VERB
cjal-9190	424	10	into	into	ADP
cjal-9190	424	11	tradable	tradable	ADJ
cjal-9190	424	12	and	and	CCONJ
cjal-9190	424	13	nontradable	nontradable	ADJ
cjal-9190	424	14	shares	share	NOUN
cjal-9190	424	15	.	.	PUNCT
cjal-9190	425	1	in	in	ADP
cjal-9190	425	2	2005	2005	NUM
cjal-9190	425	3	,	,	PUNCT
cjal-9190	425	4	to	to	PART
cjal-9190	425	5	remedy	remedy	VERB
cjal-9190	425	6	the	the	DET
cjal-9190	425	7	incentive	incentive	NOUN
cjal-9190	425	8	and	and	CCONJ
cjal-9190	425	9	corporate	corporate	ADJ
cjal-9190	425	10	governance	governance	NOUN
cjal-9190	425	11	problems	problem	NOUN
cjal-9190	425	12	created	create	VERB
cjal-9190	425	13	by	by	ADP
cjal-9190	425	14	this	this	DET
cjal-9190	425	15	unique	unique	ADJ
cjal-9190	425	16	feature	feature	NOUN
cjal-9190	425	17	of	of	ADP
cjal-9190	425	18	the	the	DET
cjal-9190	425	19	a	a	DET
cjal-9190	425	20	-	-	PUNCT
cjal-9190	425	21	shares	share	NOUN
cjal-9190	425	22	market	market	NOUN
cjal-9190	425	23	,	,	PUNCT
cjal-9190	425	24	the	the	DET
cjal-9190	425	25	chinese	chinese	ADJ
cjal-9190	425	26	government	government	NOUN
cjal-9190	425	27	initiated	initiate	VERB
cjal-9190	425	28	the	the	DET
cjal-9190	425	29	“	"	PUNCT
cjal-9190	425	30	split	split	ADJ
cjal-9190	425	31	share	share	NOUN
cjal-9190	425	32	structure	structure	NOUN
cjal-9190	425	33	reform	reform	NOUN
cjal-9190	425	34	”	"	PUNCT
cjal-9190	425	35	to	to	PART
cjal-9190	425	36	convert	convert	VERB
cjal-9190	425	37	non	non	ADJ
cjal-9190	425	38	-	-	ADJ
cjal-9190	425	39	tradable	tradable	ADJ
cjal-9190	425	40	shares	share	NOUN
cjal-9190	425	41	into	into	ADP
cjal-9190	425	42	tradable	tradable	ADJ
cjal-9190	425	43	shares	share	NOUN
cjal-9190	425	44	.	.	PUNCT
cjal-9190	426	1	107	107	NUM
cjal-9190	426	2	to	to	PART
cjal-9190	426	3	compensate	compensate	VERB
cjal-9190	426	4	tradable	tradable	ADJ
cjal-9190	426	5	shareholders	shareholder	NOUN
cjal-9190	426	6	for	for	ADP
cjal-9190	426	7	the	the	DET
cjal-9190	426	8	dilution	dilution	NOUN
cjal-9190	426	9	in	in	ADP
cjal-9190	426	10	their	their	PRON
cjal-9190	426	11	stock	stock	NOUN
cjal-9190	426	12	values	value	NOUN
cjal-9190	426	13	that	that	PRON
cjal-9190	426	14	would	would	AUX
cjal-9190	426	15	result	result	VERB
cjal-9190	426	16	from	from	ADP
cjal-9190	426	17	the	the	DET
cjal-9190	426	18	reform	reform	NOUN
cjal-9190	426	19	,	,	PUNCT
cjal-9190	426	20	the	the	DET
cjal-9190	426	21	government	government	NOUN
cjal-9190	426	22	established	establish	VERB
cjal-9190	426	23	a	a	DET
cjal-9190	426	24	requirement	requirement	NOUN
cjal-9190	426	25	that	that	SCONJ
cjal-9190	426	26	in	in	ADP
cjal-9190	426	27	each	each	DET
cjal-9190	426	28	company	company	NOUN
cjal-9190	426	29	,	,	PUNCT
cjal-9190	426	30	an	an	DET
cjal-9190	426	31	amount	amount	NOUN
cjal-9190	426	32	of	of	ADP
cjal-9190	426	33	compensation	compensation	NOUN
cjal-9190	426	34	had	have	AUX
cjal-9190	426	35	to	to	PART
cjal-9190	426	36	be	be	AUX
cjal-9190	426	37	proposed	propose	VERB
cjal-9190	426	38	by	by	ADP
cjal-9190	426	39	the	the	DET
cjal-9190	426	40	non	non	ADJ
cjal-9190	426	41	-	-	ADJ
cjal-9190	426	42	tradable	tradable	ADJ
cjal-9190	426	43	shareholders	shareholder	NOUN
cjal-9190	426	44	to	to	ADP
cjal-9190	426	45	the	the	DET
cjal-9190	426	46	tradable	tradable	ADJ
cjal-9190	426	47	shareholders	shareholder	NOUN
cjal-9190	426	48	,	,	PUNCT
cjal-9190	426	49	and	and	CCONJ
cjal-9190	426	50	that	that	SCONJ
cjal-9190	426	51	the	the	DET
cjal-9190	426	52	proposal	proposal	NOUN
cjal-9190	426	53	had	have	VERB
cjal-9190	426	54	to	to	PART
cjal-9190	426	55	be	be	AUX
cjal-9190	426	56	approved	approve	VERB
cjal-9190	426	57	by	by	ADP
cjal-9190	426	58	two	two	NUM
cjal-9190	426	59	-	-	PUNCT
cjal-9190	426	60	thirds	third	NOUN
cjal-9190	426	61	of	of	ADP
cjal-9190	426	62	the	the	DET
cjal-9190	426	63	tradable	tradable	ADJ
cjal-9190	426	64	shareholders	shareholder	NOUN
cjal-9190	426	65	for	for	ADP
cjal-9190	426	66	the	the	DET
cjal-9190	426	67	reform	reform	NOUN
cjal-9190	426	68	to	to	PART
cjal-9190	426	69	be	be	AUX
cjal-9190	426	70	finalized.108	finalized.108	NUM
cjal-9190	426	71	if	if	SCONJ
cjal-9190	426	72	the	the	DET
cjal-9190	426	73	proposal	proposal	NOUN
cjal-9190	426	74	was	be	AUX
cjal-9190	426	75	not	not	PART
cjal-9190	426	76	approved	approve	VERB
cjal-9190	426	77	,	,	PUNCT
cjal-9190	426	78	a	a	DET
cjal-9190	426	79	three	three	NUM
cjal-9190	426	80	-	-	PUNCT
cjal-9190	426	81	month	month	NOUN
cjal-9190	426	82	waiting	waiting	NOUN
cjal-9190	426	83	period	period	NOUN
cjal-9190	426	84	was	be	AUX
cjal-9190	426	85	required	require	VERB
cjal-9190	426	86	before	before	SCONJ
cjal-9190	426	87	another	another	DET
cjal-9190	426	88	proposal	proposal	NOUN
cjal-9190	426	89	could	could	AUX
cjal-9190	426	90	be	be	AUX
cjal-9190	426	91	put	put	VERB
cjal-9190	426	92	forward	forward	ADV
cjal-9190	426	93	—	—	PUNCT
cjal-9190	426	94	which	which	PRON
cjal-9190	426	95	would	would	AUX
cjal-9190	426	96	delay	delay	VERB
cjal-9190	426	97	the	the	DET
cjal-9190	426	98	reform	reform	NOUN
cjal-9190	426	99	process	process	NOUN
cjal-9190	426	100	and	and	CCONJ
cjal-9190	426	101	,	,	PUNCT
cjal-9190	426	102	if	if	SCONJ
cjal-9190	426	103	it	it	PRON
cjal-9190	426	104	occurred	occur	VERB
cjal-9190	426	105	in	in	ADP
cjal-9190	426	106	too	too	ADV
cjal-9190	426	107	many	many	ADJ
cjal-9190	426	108	companies	company	NOUN
cjal-9190	426	109	,	,	PUNCT
cjal-9190	426	110	would	would	AUX
cjal-9190	426	111	be	be	AUX
cjal-9190	426	112	seen	see	VERB
cjal-9190	426	113	as	as	ADP
cjal-9190	426	114	a	a	DET
cjal-9190	426	115	black	black	ADJ
cjal-9190	426	116	mark	mark	NOUN
cjal-9190	426	117	on	on	ADP
cjal-9190	426	118	the	the	DET
cjal-9190	426	119	government	government	NOUN
cjal-9190	426	120	officials	official	NOUN
cjal-9190	426	121	responsible	responsible	ADJ
cjal-9190	426	122	for	for	ADP
cjal-9190	426	123	the	the	DET
cjal-9190	426	124	reform.109	reform.109	NOUN
cjal-9190	426	125	as	as	ADP
cjal-9190	426	126	an	an	DET
cjal-9190	426	127	earlier	early	ADJ
cjal-9190	426	128	attempt	attempt	NOUN
cjal-9190	426	129	at	at	ADP
cjal-9190	426	130	reforming	reform	VERB
cjal-9190	426	131	china	china	PROPN
cjal-9190	426	132	’s	’s	PART
cjal-9190	426	133	unique	unique	ADJ
cjal-9190	426	134	split	split	NOUN
cjal-9190	426	135	share	share	NOUN
cjal-9190	426	136	structure	structure	NOUN
cjal-9190	426	137	in	in	ADP
cjal-9190	426	138	2001	2001	NUM
cjal-9190	426	139	had	have	AUX
cjal-9190	426	140	failed	fail	VERB
cjal-9190	426	141	,	,	PUNCT
cjal-9190	426	142	the	the	DET
cjal-9190	426	143	csrc	csrc	NOUN
cjal-9190	426	144	was	be	AUX
cjal-9190	426	145	determined	determine	VERB
cjal-9190	426	146	for	for	ADP
cjal-9190	426	147	this	this	DET
cjal-9190	426	148	new	new	ADJ
cjal-9190	426	149	107	107	NUM
cjal-9190	426	150	huang	huang	PROPN
cjal-9190	426	151	&	&	CCONJ
cjal-9190	426	152	zhu	zhu	PROPN
cjal-9190	426	153	,	,	PUNCT
cjal-9190	426	154	supra	supra	PROPN
cjal-9190	426	155	note	note	PROPN
cjal-9190	426	156	47	47	NUM
cjal-9190	426	157	,	,	PUNCT
cjal-9190	426	158	at	at	ADP
cjal-9190	426	159	313	313	NUM
cjal-9190	426	160	.	.	NUM
cjal-9190	426	161	108	108	NUM
cjal-9190	427	1	i	i	PRON
cjal-9190	427	2	d.	d.	PROPN
cjal-9190	427	3	109	109	NUM
cjal-9190	427	4	i	i	PROPN
cjal-9190	427	5	d.	d.	PROPN
cjal-9190	427	6	;	;	PUNCT
cjal-9190	427	7	michael	michael	PROPN
cjal-9190	427	8	firth	firth	PROPN
cjal-9190	427	9	et	et	PROPN
cjal-9190	427	10	al	al	PROPN
cjal-9190	427	11	.	.	PROPN
cjal-9190	427	12	,	,	PUNCT
cjal-9190	427	13	friend	friend	NOUN
cjal-9190	427	14	or	or	CCONJ
cjal-9190	427	15	foe	foe	NOUN
cjal-9190	427	16	?	?	PUNCT
cjal-9190	428	1	the	the	DET
cjal-9190	428	2	role	role	NOUN
cjal-9190	428	3	of	of	ADP
cjal-9190	428	4	state	state	NOUN
cjal-9190	428	5	and	and	CCONJ
cjal-9190	428	6	mutual	mutual	ADJ
cjal-9190	428	7	fund	fund	NOUN
cjal-9190	428	8	ownership	ownership	NOUN
cjal-9190	428	9	in	in	ADP
cjal-9190	428	10	the	the	DET
cjal-9190	428	11	split	split	ADJ
cjal-9190	428	12	share	share	NOUN
cjal-9190	428	13	structure	structure	NOUN
cjal-9190	428	14	reform	reform	NOUN
cjal-9190	428	15	in	in	ADP
cjal-9190	428	16	china	china	PROPN
cjal-9190	428	17	,	,	PUNCT
cjal-9190	428	18	45	45	NUM
cjal-9190	428	19	j.	j.	PROPN
cjal-9190	428	20	fin	fin	PROPN
cjal-9190	428	21	.	.	PROPN
cjal-9190	428	22	&	&	CCONJ
cjal-9190	428	23	quant	quant	PROPN
cjal-9190	428	24	.	.	PUNCT
cjal-9190	429	1	anal	anal	PROPN
cjal-9190	429	2	.	.	PUNCT
cjal-9190	430	1	685	685	NUM
cjal-9190	430	2	,	,	PUNCT
cjal-9190	430	3	689	689	NUM
cjal-9190	430	4	(	(	PUNCT
cjal-9190	430	5	2010	2010	NUM
cjal-9190	430	6	)	)	PUNCT
cjal-9190	430	7	.	.	PUNCT
cjal-9190	431	1	2022	2022	NUM
cjal-9190	431	2	]	]	PUNCT
cjal-9190	431	3	columbia	columbia	PROPN
cjal-9190	431	4	journal	journal	PROPN
cjal-9190	431	5	of	of	ADP
cjal-9190	431	6	asian	asian	ADJ
cjal-9190	431	7	law	law	NOUN
cjal-9190	431	8	109	109	NUM
cjal-9190	431	9	reform	reform	NOUN
cjal-9190	431	10	scheme	scheme	NOUN
cjal-9190	431	11	to	to	PART
cjal-9190	431	12	proceed	proceed	VERB
cjal-9190	431	13	smoothly	smoothly	ADV
cjal-9190	431	14	,	,	PUNCT
cjal-9190	431	15	and	and	CCONJ
cjal-9190	431	16	it	it	PRON
cjal-9190	431	17	set	set	VERB
cjal-9190	431	18	the	the	DET
cjal-9190	431	19	end	end	NOUN
cjal-9190	431	20	of	of	ADP
cjal-9190	431	21	2006	2006	NUM
cjal-9190	431	22	as	as	ADP
cjal-9190	431	23	the	the	DET
cjal-9190	431	24	deadline	deadline	NOUN
cjal-9190	431	25	for	for	SCONJ
cjal-9190	431	26	all	all	DET
cjal-9190	431	27	a	a	DET
cjal-9190	431	28	-	-	PUNCT
cjal-9190	431	29	shares	share	NOUN
cjal-9190	431	30	companies	company	NOUN
cjal-9190	431	31	to	to	PART
cjal-9190	431	32	complete	complete	VERB
cjal-9190	431	33	the	the	DET
cjal-9190	431	34	reform.110	reform.110	PROPN
cjal-9190	431	35	firth	firth	PROPN
cjal-9190	431	36	,	,	PUNCT
cjal-9190	431	37	lin	lin	PROPN
cjal-9190	431	38	,	,	PUNCT
cjal-9190	431	39	and	and	CCONJ
cjal-9190	431	40	zou	zou	PROPN
cjal-9190	431	41	(	(	PUNCT
cjal-9190	431	42	2010	2010	NUM
cjal-9190	431	43	)	)	PUNCT
cjal-9190	431	44	examined	examine	VERB
cjal-9190	431	45	the	the	DET
cjal-9190	431	46	impact	impact	NOUN
cjal-9190	431	47	of	of	ADP
cjal-9190	431	48	state	state	NOUN
cjal-9190	431	49	shareholders	shareholder	NOUN
cjal-9190	431	50	and	and	CCONJ
cjal-9190	431	51	sifs	sif	NOUN
cjal-9190	431	52	on	on	ADP
cjal-9190	431	53	the	the	DET
cjal-9190	431	54	amount	amount	NOUN
cjal-9190	431	55	of	of	ADP
cjal-9190	431	56	the	the	DET
cjal-9190	431	57	compensation	compensation	NOUN
cjal-9190	431	58	received	receive	VERB
cjal-9190	431	59	by	by	ADP
cjal-9190	431	60	tradable	tradable	ADJ
cjal-9190	431	61	shareholders	shareholder	NOUN
cjal-9190	431	62	in	in	ADP
cjal-9190	431	63	the	the	DET
cjal-9190	431	64	split	split	ADJ
cjal-9190	431	65	share	share	NOUN
cjal-9190	431	66	reform	reform	NOUN
cjal-9190	431	67	of	of	ADP
cjal-9190	431	68	a	a	DET
cjal-9190	431	69	-	-	PUNCT
cjal-9190	431	70	shares	share	NOUN
cjal-9190	431	71	companies	company	NOUN
cjal-9190	431	72	.	.	PUNCT
cjal-9190	432	1	they	they	PRON
cjal-9190	432	2	found	find	VERB
cjal-9190	432	3	that	that	SCONJ
cjal-9190	432	4	there	there	PRON
cjal-9190	432	5	was	be	VERB
cjal-9190	432	6	a	a	DET
cjal-9190	432	7	positive	positive	ADJ
cjal-9190	432	8	statistically	statistically	ADV
cjal-9190	432	9	significant	significant	ADJ
cjal-9190	432	10	relationship	relationship	NOUN
cjal-9190	432	11	between	between	ADP
cjal-9190	432	12	state	state	NOUN
cjal-9190	432	13	ownership	ownership	NOUN
cjal-9190	432	14	and	and	CCONJ
cjal-9190	432	15	the	the	DET
cjal-9190	432	16	compensation	compensation	NOUN
cjal-9190	432	17	received	receive	VERB
cjal-9190	432	18	by	by	ADP
cjal-9190	432	19	tradable	tradable	ADJ
cjal-9190	432	20	shareholders.111	shareholders.111	NOUN
cjal-9190	432	21	considering	consider	VERB
cjal-9190	432	22	the	the	DET
cjal-9190	432	23	earlier	early	ADV
cjal-9190	432	24	failed	fail	VERB
cjal-9190	432	25	attempt	attempt	NOUN
cjal-9190	432	26	to	to	PART
cjal-9190	432	27	reform	reform	VERB
cjal-9190	432	28	the	the	DET
cjal-9190	432	29	split	split	ADJ
cjal-9190	432	30	share	share	NOUN
cjal-9190	432	31	structure	structure	NOUN
cjal-9190	432	32	,	,	PUNCT
cjal-9190	432	33	they	they	PRON
cjal-9190	432	34	reasoned	reason	VERB
cjal-9190	432	35	that	that	SCONJ
cjal-9190	432	36	the	the	DET
cjal-9190	432	37	government	government	NOUN
cjal-9190	432	38	bureaucrats	bureaucrat	NOUN
cjal-9190	432	39	overseeing	oversee	VERB
cjal-9190	432	40	the	the	DET
cjal-9190	432	41	non	non	ADJ
cjal-9190	432	42	-	-	ADJ
cjal-9190	432	43	tradable	tradable	ADJ
cjal-9190	432	44	shares	share	NOUN
cjal-9190	432	45	in	in	ADP
cjal-9190	432	46	soes	soe	NOUN
cjal-9190	432	47	had	have	VERB
cjal-9190	432	48	strong	strong	ADJ
cjal-9190	432	49	incentives	incentive	NOUN
cjal-9190	432	50	to	to	PART
cjal-9190	432	51	offer	offer	VERB
cjal-9190	432	52	higher	high	ADJ
cjal-9190	432	53	compensation	compensation	NOUN
cjal-9190	432	54	to	to	PART
cjal-9190	432	55	tradable	tradable	VERB
cjal-9190	432	56	shareholders	shareholder	NOUN
cjal-9190	432	57	as	as	SCONJ
cjal-9190	432	58	this	this	PRON
cjal-9190	432	59	would	would	AUX
cjal-9190	432	60	ensure	ensure	VERB
cjal-9190	432	61	the	the	DET
cjal-9190	432	62	reform	reform	NOUN
cjal-9190	432	63	proceeded	proceed	VERB
cjal-9190	432	64	as	as	ADV
cjal-9190	432	65	quickly	quickly	ADV
cjal-9190	432	66	as	as	ADP
cjal-9190	432	67	possible	possible	ADJ
cjal-9190	432	68	by	by	ADP
cjal-9190	432	69	setting	set	VERB
cjal-9190	432	70	a	a	DET
cjal-9190	432	71	positive	positive	ADJ
cjal-9190	432	72	example	example	NOUN
cjal-9190	432	73	for	for	SCONJ
cjal-9190	432	74	other	other	ADJ
cjal-9190	432	75	a	a	DET
cjal-9190	432	76	-	-	PUNCT
cjal-9190	432	77	shares	share	NOUN
cjal-9190	432	78	companies	company	NOUN
cjal-9190	432	79	to	to	PART
cjal-9190	432	80	follow	follow	VERB
cjal-9190	432	81	.	.	PUNCT
cjal-9190	433	1	112	112	NUM
cjal-9190	433	2	a	a	DET
cjal-9190	433	3	successful	successful	ADJ
cjal-9190	433	4	reform	reform	NOUN
cjal-9190	433	5	would	would	AUX
cjal-9190	433	6	also	also	ADV
cjal-9190	433	7	advance	advance	VERB
cjal-9190	433	8	the	the	DET
cjal-9190	433	9	government	government	NOUN
cjal-9190	433	10	’s	’s	PART
cjal-9190	433	11	goal	goal	NOUN
cjal-9190	433	12	of	of	ADP
cjal-9190	433	13	listing	list	VERB
cjal-9190	433	14	more	more	ADJ
cjal-9190	433	15	soes	soe	NOUN
cjal-9190	433	16	as	as	SCONJ
cjal-9190	433	17	it	it	PRON
cjal-9190	433	18	would	would	AUX
cjal-9190	433	19	avoid	avoid	VERB
cjal-9190	433	20	shareholder	shareholder	NOUN
cjal-9190	433	21	conflict	conflict	NOUN
cjal-9190	433	22	and	and	CCONJ
cjal-9190	433	23	create	create	VERB
cjal-9190	433	24	favorable	favorable	ADJ
cjal-9190	433	25	investor	investor	NOUN
cjal-9190	433	26	sentiment.113	sentiment.113	NOUN
cjal-9190	433	27	for	for	ADP
cjal-9190	433	28	the	the	DET
cjal-9190	433	29	bureaucrats	bureaucrat	NOUN
cjal-9190	433	30	proposing	propose	VERB
cjal-9190	433	31	the	the	DET
cjal-9190	433	32	compensation	compensation	NOUN
cjal-9190	433	33	packages	package	NOUN
cjal-9190	433	34	on	on	ADP
cjal-9190	433	35	behalf	behalf	NOUN
cjal-9190	433	36	of	of	ADP
cjal-9190	433	37	the	the	DET
cjal-9190	433	38	non	non	ADJ
cjal-9190	433	39	-	-	ADJ
cjal-9190	433	40	tradable	tradable	ADJ
cjal-9190	433	41	shareholders	shareholder	NOUN
cjal-9190	433	42	,	,	PUNCT
cjal-9190	433	43	completing	complete	VERB
cjal-9190	433	44	the	the	DET
cjal-9190	433	45	reform	reform	NOUN
cjal-9190	433	46	quickly	quickly	ADV
cjal-9190	433	47	would	would	AUX
cjal-9190	433	48	provide	provide	VERB
cjal-9190	433	49	them	they	PRON
cjal-9190	433	50	with	with	ADP
cjal-9190	433	51	political	political	ADJ
cjal-9190	433	52	credit	credit	NOUN
cjal-9190	433	53	for	for	ADP
cjal-9190	433	54	executing	execute	VERB
cjal-9190	433	55	the	the	DET
cjal-9190	433	56	reform	reform	NOUN
cjal-9190	433	57	successfully	successfully	ADV
cjal-9190	433	58	,	,	PUNCT
cjal-9190	433	59	which	which	PRON
cjal-9190	433	60	would	would	AUX
cjal-9190	433	61	move	move	VERB
cjal-9190	433	62	them	they	PRON
cjal-9190	433	63	up	up	ADP
cjal-9190	433	64	the	the	DET
cjal-9190	433	65	political	political	ADJ
cjal-9190	433	66	hierarchy.114	hierarchy.114	NOUN
cjal-9190	433	67	thus	thus	ADV
cjal-9190	433	68	,	,	PUNCT
cjal-9190	433	69	the	the	DET
cjal-9190	433	70	empirical	empirical	ADJ
cjal-9190	433	71	evidence	evidence	NOUN
cjal-9190	433	72	that	that	SCONJ
cjal-9190	433	73	bureaucrats	bureaucrat	NOUN
cjal-9190	433	74	in	in	ADP
cjal-9190	433	75	soes	soe	NOUN
cjal-9190	433	76	offered	offer	VERB
cjal-9190	433	77	statistically	statistically	ADV
cjal-9190	433	78	significant	significant	ADJ
cjal-9190	433	79	higher	high	ADJ
cjal-9190	433	80	compensation	compensation	NOUN
cjal-9190	433	81	to	to	PART
cjal-9190	433	82	tradable	tradable	ADJ
cjal-9190	433	83	shareholders	shareholder	NOUN
cjal-9190	433	84	makes	make	VERB
cjal-9190	433	85	perfect	perfect	ADJ
cjal-9190	433	86	sense	sense	NOUN
cjal-9190	433	87	—	—	PUNCT
cjal-9190	433	88	it	it	PRON
cjal-9190	433	89	allowed	allow	VERB
cjal-9190	433	90	bureaucrats	bureaucrat	NOUN
cjal-9190	433	91	to	to	PART
cjal-9190	433	92	capture	capture	VERB
cjal-9190	433	93	political	political	ADJ
cjal-9190	433	94	benefits	benefit	NOUN
cjal-9190	433	95	of	of	ADP
cjal-9190	433	96	control	control	NOUN
cjal-9190	433	97	by	by	ADP
cjal-9190	433	98	executing	execute	VERB
cjal-9190	433	99	an	an	DET
cjal-9190	433	100	efficient	efficient	ADJ
cjal-9190	433	101	reform	reform	NOUN
cjal-9190	433	102	,	,	PUNCT
cjal-9190	433	103	while	while	SCONJ
cjal-9190	433	104	not	not	PART
cjal-9190	433	105	suffering	suffer	VERB
cjal-9190	433	106	any	any	DET
cjal-9190	433	107	direct	direct	ADJ
cjal-9190	433	108	consequences	consequence	NOUN
cjal-9190	433	109	of	of	ADP
cjal-9190	433	110	providing	provide	VERB
cjal-9190	433	111	higher	high	ADJ
cjal-9190	433	112	compensation	compensation	NOUN
cjal-9190	433	113	which	which	PRON
cjal-9190	433	114	came	come	VERB
cjal-9190	433	115	from	from	ADP
cjal-9190	433	116	the	the	DET
cjal-9190	433	117	government	government	NOUN
cjal-9190	433	118	.	.	PUNCT
cjal-9190	434	1	conversely	conversely	ADV
cjal-9190	434	2	,	,	PUNCT
cjal-9190	434	3	in	in	ADP
cjal-9190	434	4	poes	poe	NOUN
cjal-9190	434	5	,	,	PUNCT
cjal-9190	434	6	where	where	SCONJ
cjal-9190	434	7	private	private	ADJ
cjal-9190	434	8	investors	investor	NOUN
cjal-9190	434	9	owned	own	VERB
cjal-9190	434	10	non	non	ADJ
cjal-9190	434	11	-	-	ADJ
cjal-9190	434	12	tradable	tradable	ADJ
cjal-9190	434	13	shares	share	NOUN
cjal-9190	434	14	,	,	PUNCT
cjal-9190	434	15	they	they	PRON
cjal-9190	434	16	would	would	AUX
cjal-9190	434	17	directly	directly	ADV
cjal-9190	434	18	suffer	suffer	VERB
cjal-9190	434	19	the	the	DET
cjal-9190	434	20	cost	cost	NOUN
cjal-9190	434	21	of	of	ADP
cjal-9190	434	22	providing	provide	VERB
cjal-9190	434	23	higher	high	ADJ
cjal-9190	434	24	compensation	compensation	NOUN
cjal-9190	434	25	to	to	PART
cjal-9190	434	26	tradable	tradable	VERB
cjal-9190	434	27	shareholders	shareholder	NOUN
cjal-9190	434	28	and	and	CCONJ
cjal-9190	434	29	would	would	AUX
cjal-9190	434	30	not	not	PART
cjal-9190	434	31	receive	receive	VERB
cjal-9190	434	32	any	any	DET
cjal-9190	434	33	political	political	ADJ
cjal-9190	434	34	benefits	benefit	NOUN
cjal-9190	434	35	for	for	ADP
cjal-9190	434	36	an	an	DET
cjal-9190	434	37	efficient	efficient	ADJ
cjal-9190	434	38	reform	reform	NOUN
cjal-9190	434	39	—	—	PUNCT
cjal-9190	434	40	which	which	PRON
cjal-9190	434	41	explains	explain	VERB
cjal-9190	434	42	why	why	SCONJ
cjal-9190	434	43	in	in	ADP
cjal-9190	434	44	poes	poe	NOUN
cjal-9190	434	45	there	there	PRON
cjal-9190	434	46	was	be	VERB
cjal-9190	434	47	statistically	statistically	ADV
cjal-9190	434	48	significant	significant	ADJ
cjal-9190	434	49	lower	low	ADJ
cjal-9190	434	50	compensation	compensation	NOUN
cjal-9190	434	51	provided	provide	VERB
cjal-9190	434	52	to	to	ADP
cjal-9190	434	53	tradable	tradable	ADJ
cjal-9190	434	54	shareholders	shareholder	NOUN
cjal-9190	434	55	.	.	PUNCT
cjal-9190	435	1	interestingly	interestingly	ADV
cjal-9190	435	2	,	,	PUNCT
cjal-9190	435	3	firth	firth	PROPN
cjal-9190	435	4	,	,	PUNCT
cjal-9190	435	5	lin	lin	PROPN
cjal-9190	435	6	,	,	PUNCT
cjal-9190	435	7	and	and	CCONJ
cjal-9190	435	8	zou	zou	PROPN
cjal-9190	435	9	also	also	ADV
cjal-9190	435	10	found	find	VERB
cjal-9190	435	11	a	a	DET
cjal-9190	435	12	statistically	statistically	ADV
cjal-9190	435	13	significant	significant	ADJ
cjal-9190	435	14	negative	negative	ADJ
cjal-9190	435	15	relationship	relationship	NOUN
cjal-9190	435	16	between	between	ADP
cjal-9190	435	17	sif	sif	NOUN
cjal-9190	435	18	ownership	ownership	NOUN
cjal-9190	435	19	of	of	ADP
cjal-9190	435	20	tradable	tradable	ADJ
cjal-9190	435	21	shares	share	NOUN
cjal-9190	435	22	and	and	CCONJ
cjal-9190	435	23	the	the	DET
cjal-9190	435	24	amount	amount	NOUN
cjal-9190	435	25	of	of	ADP
cjal-9190	435	26	compensation	compensation	NOUN
cjal-9190	435	27	provided	provide	VERB
cjal-9190	435	28	to	to	ADP
cjal-9190	435	29	tradable	tradable	ADJ
cjal-9190	435	30	shareholders	shareholder	NOUN
cjal-9190	435	31	—	—	PUNCT
cjal-9190	435	32	which	which	PRON
cjal-9190	435	33	is	be	AUX
cjal-9190	435	34	contrary	contrary	ADJ
cjal-9190	435	35	to	to	ADP
cjal-9190	435	36	the	the	DET
cjal-9190	435	37	evidence	evidence	NOUN
cjal-9190	435	38	from	from	ADP
cjal-9190	435	39	the	the	DET
cjal-9190	435	40	other	other	ADJ
cjal-9190	435	41	empirical	empirical	ADJ
cjal-9190	435	42	studies	study	NOUN
cjal-9190	435	43	reviewed	review	VERB
cjal-9190	435	44	above	above	ADP
cjal-9190	435	45	that	that	DET
cjal-9190	435	46	sifs	sif	NOUN
cjal-9190	435	47	improve	improve	VERB
cjal-9190	435	48	corporate	corporate	ADJ
cjal-9190	435	49	governance	governance	NOUN
cjal-9190	435	50	and	and	CCONJ
cjal-9190	435	51	protect	protect	NOUN
cjal-9190	435	52	(	(	PUNCT
cjal-9190	435	53	minority	minority	NOUN
cjal-9190	435	54	)	)	PUNCT
cjal-9190	435	55	shareholders	shareholder	NOUN
cjal-9190	435	56	’	'	PUNCT
cjal-9190	435	57	interests.115	interests.115	PROPN
cjal-9190	435	58	they	they	PRON
cjal-9190	435	59	also	also	ADV
cjal-9190	435	60	found	find	VERB
cjal-9190	435	61	that	that	SCONJ
cjal-9190	435	62	“	"	PUNCT
cjal-9190	435	63	[	[	X
cjal-9190	435	64	sif	sif	X
cjal-9190	435	65	]	]	X
cjal-9190	435	66	ownership	ownership	NOUN
cjal-9190	435	67	weakens	weaken	VERB
cjal-9190	435	68	the	the	DET
cjal-9190	435	69	positive	positive	ADJ
cjal-9190	435	70	link	link	NOUN
cjal-9190	435	71	between	between	ADP
cjal-9190	435	72	state	state	NOUN
cjal-9190	435	73	110	110	NUM
cjal-9190	435	74	robin	robin	PROPN
cjal-9190	435	75	hui	hui	PROPN
cjal-9190	435	76	huang	huang	PROPN
cjal-9190	435	77	,	,	PUNCT
cjal-9190	435	78	the	the	DET
cjal-9190	435	79	new	new	ADJ
cjal-9190	435	80	takeover	takeover	NOUN
cjal-9190	435	81	regulation	regulation	NOUN
cjal-9190	435	82	in	in	ADP
cjal-9190	435	83	china	china	PROPN
cjal-9190	435	84	:	:	PUNCT
cjal-9190	435	85	evolution	evolution	NOUN
cjal-9190	435	86	and	and	CCONJ
cjal-9190	435	87	enhancement	enhancement	NOUN
cjal-9190	435	88	,	,	PUNCT
cjal-9190	435	89	42	42	NUM
cjal-9190	435	90	int’l	int’l	NUM
cjal-9190	435	91	law	law	NOUN
cjal-9190	435	92	.	.	PUNCT
cjal-9190	436	1	153	153	NUM
cjal-9190	436	2	,	,	PUNCT
cjal-9190	436	3	156	156	NUM
cjal-9190	436	4	-	-	SYM
cjal-9190	436	5	157	157	NUM
cjal-9190	436	6	(	(	PUNCT
cjal-9190	436	7	2008	2008	NUM
cjal-9190	436	8	)	)	PUNCT
cjal-9190	436	9	.	.	PUNCT
cjal-9190	437	1	111	111	NUM
cjal-9190	437	2	firth	firth	PROPN
cjal-9190	437	3	et	et	PROPN
cjal-9190	437	4	al	al	PROPN
cjal-9190	437	5	.	.	PROPN
cjal-9190	437	6	,	,	PUNCT
cjal-9190	437	7	supra	supra	PROPN
cjal-9190	437	8	109	109	NUM
cjal-9190	437	9	,	,	PUNCT
cjal-9190	437	10	at	at	ADP
cjal-9190	437	11	697	697	NUM
cjal-9190	437	12	.	.	PUNCT
cjal-9190	437	13	112	112	NUM
cjal-9190	437	14	i	i	PRON
cjal-9190	437	15	d.	d.	PROPN
cjal-9190	437	16	at	at	ADP
cjal-9190	437	17	690	690	NUM
cjal-9190	437	18	.	.	NOUN
cjal-9190	437	19	113	113	NUM
cjal-9190	437	20	i	i	PRON
cjal-9190	437	21	d.	d.	PROPN
cjal-9190	437	22	at	at	ADP
cjal-9190	437	23	689	689	NUM
cjal-9190	437	24	.	.	PUNCT
cjal-9190	438	1	114	114	NUM
cjal-9190	439	1	i	i	PRON
cjal-9190	439	2	d.	d.	PROPN
cjal-9190	439	3	at	at	ADP
cjal-9190	439	4	689	689	NUM
cjal-9190	439	5	-	-	SYM
cjal-9190	439	6	690	690	NUM
cjal-9190	439	7	.	.	NOUN
cjal-9190	439	8	115	115	NUM
cjal-9190	440	1	i	i	PRON
cjal-9190	440	2	d.	d.	PROPN
cjal-9190	440	3	at	at	ADP
cjal-9190	440	4	697	697	NUM
cjal-9190	440	5	.	.	PUNCT
cjal-9190	441	1	110	110	NUM
cjal-9190	441	2	institutional	institutional	ADJ
cjal-9190	441	3	investors	investor	NOUN
cjal-9190	441	4	in	in	ADP
cjal-9190	441	5	china	china	PROPN
cjal-9190	441	6	[	[	X
cjal-9190	441	7	vol	vol	NOUN
cjal-9190	441	8	.	.	PUNCT
cjal-9190	441	9	35	35	NUM
cjal-9190	441	10	:	:	SYM
cjal-9190	441	11	74	74	NUM
cjal-9190	441	12	ownership	ownership	NOUN
cjal-9190	441	13	and	and	CCONJ
cjal-9190	441	14	compensation	compensation	NOUN
cjal-9190	441	15	,	,	PUNCT
cjal-9190	441	16	suggesting	suggest	VERB
cjal-9190	441	17	that	that	SCONJ
cjal-9190	441	18	[	[	X
cjal-9190	441	19	sifs	sif	NOUN
cjal-9190	441	20	]	]	PUNCT
cjal-9190	441	21	help	help	VERB
cjal-9190	441	22	state	state	NOUN
cjal-9190	441	23	-	-	PUNCT
cjal-9190	441	24	owned	own	VERB
cjal-9190	441	25	firms	firm	NOUN
cjal-9190	441	26	get	get	VERB
cjal-9190	441	27	the	the	DET
cjal-9190	441	28	reform	reform	NOUN
cjal-9190	441	29	done	do	VERB
cjal-9190	441	30	more	more	ADV
cjal-9190	441	31	quickly	quickly	ADV
cjal-9190	441	32	and	and	CCONJ
cjal-9190	441	33	at	at	ADP
cjal-9190	441	34	a	a	DET
cjal-9190	441	35	relatively	relatively	ADV
cjal-9190	441	36	lower	low	ADJ
cjal-9190	441	37	cost”.116	cost”.116	PROPN
cjal-9190	441	38	importantly	importantly	ADV
cjal-9190	441	39	,	,	PUNCT
cjal-9190	441	40	firth	firth	PROPN
cjal-9190	441	41	,	,	PUNCT
cjal-9190	441	42	lin	lin	PROPN
cjal-9190	441	43	,	,	PUNCT
cjal-9190	441	44	and	and	CCONJ
cjal-9190	441	45	zou	zou	PROPN
cjal-9190	441	46	identified	identify	VERB
cjal-9190	441	47	and	and	CCONJ
cjal-9190	441	48	explained	explain	VERB
cjal-9190	441	49	a	a	DET
cjal-9190	441	50	unique	unique	ADJ
cjal-9190	441	51	policy	policy	NOUN
cjal-9190	441	52	channel	channel	NOUN
cjal-9190	441	53	that	that	PRON
cjal-9190	441	54	was	be	AUX
cjal-9190	441	55	used	use	VERB
cjal-9190	441	56	in	in	ADP
cjal-9190	441	57	the	the	DET
cjal-9190	441	58	context	context	NOUN
cjal-9190	441	59	of	of	ADP
cjal-9190	441	60	this	this	DET
cjal-9190	441	61	reform	reform	NOUN
cjal-9190	441	62	to	to	PART
cjal-9190	441	63	put	put	VERB
cjal-9190	441	64	pressure	pressure	NOUN
cjal-9190	441	65	on	on	ADP
cjal-9190	441	66	domestic	domestic	ADJ
cjal-9190	441	67	sifs	sif	NOUN
cjal-9190	441	68	to	to	PART
cjal-9190	441	69	work	work	VERB
cjal-9190	441	70	with	with	ADP
cjal-9190	441	71	the	the	DET
cjal-9190	441	72	government	government	NOUN
cjal-9190	441	73	to	to	PART
cjal-9190	441	74	ensure	ensure	VERB
cjal-9190	441	75	a	a	DET
cjal-9190	441	76	quick	quick	ADJ
cjal-9190	441	77	and	and	CCONJ
cjal-9190	441	78	noncontentious	noncontentious	ADJ
cjal-9190	441	79	reform.117	reform.117	ADJ
cjal-9190	441	80	specifically	specifically	ADV
cjal-9190	441	81	,	,	PUNCT
cjal-9190	441	82	for	for	ADP
cjal-9190	441	83	the	the	DET
cjal-9190	441	84	purpose	purpose	NOUN
cjal-9190	441	85	of	of	ADP
cjal-9190	441	86	the	the	DET
cjal-9190	441	87	split	split	ADJ
cjal-9190	441	88	share	share	NOUN
cjal-9190	441	89	reform	reform	NOUN
cjal-9190	441	90	,	,	PUNCT
cjal-9190	441	91	the	the	DET
cjal-9190	441	92	crsc	crsc	NOUN
cjal-9190	441	93	removed	remove	VERB
cjal-9190	441	94	the	the	DET
cjal-9190	441	95	authority	authority	NOUN
cjal-9190	441	96	from	from	ADP
cjal-9190	441	97	fund	fund	NOUN
cjal-9190	441	98	managers	manager	NOUN
cjal-9190	441	99	who	who	PRON
cjal-9190	441	100	normally	normally	ADV
cjal-9190	441	101	decide	decide	VERB
cjal-9190	441	102	how	how	SCONJ
cjal-9190	441	103	to	to	PART
cjal-9190	441	104	vote	vote	VERB
cjal-9190	441	105	using	use	VERB
cjal-9190	441	106	shares	share	NOUN
cjal-9190	441	107	under	under	ADP
cjal-9190	441	108	their	their	PRON
cjal-9190	441	109	management	management	NOUN
cjal-9190	441	110	in	in	ADP
cjal-9190	441	111	accordance	accordance	NOUN
cjal-9190	441	112	with	with	ADP
cjal-9190	441	113	market	market	NOUN
cjal-9190	441	114	forces	force	NOUN
cjal-9190	441	115	and	and	CCONJ
cjal-9190	441	116	reallocated	reallocate	VERB
cjal-9190	441	117	the	the	DET
cjal-9190	441	118	voting	voting	NOUN
cjal-9190	441	119	rights	right	NOUN
cjal-9190	441	120	to	to	ADP
cjal-9190	441	121	the	the	DET
cjal-9190	441	122	investment	investment	NOUN
cjal-9190	441	123	decision	decision	NOUN
cjal-9190	441	124	committee	committee	NOUN
cjal-9190	441	125	(	(	PUNCT
cjal-9190	441	126	idc	idc	PROPN
cjal-9190	441	127	)	)	PUNCT
cjal-9190	441	128	of	of	ADP
cjal-9190	441	129	the	the	DET
cjal-9190	441	130	fund	fund	NOUN
cjal-9190	441	131	management	management	NOUN
cjal-9190	441	132	companies.118	companies.118	PROPN
cjal-9190	441	133	as	as	SCONJ
cjal-9190	441	134	explained	explain	VERB
cjal-9190	441	135	in	in	ADP
cjal-9190	441	136	more	more	ADJ
cjal-9190	441	137	detail	detail	NOUN
cjal-9190	441	138	in	in	ADP
cjal-9190	441	139	part	part	NOUN
cjal-9190	441	140	iv	iv	ADP
cjal-9190	441	141	,	,	PUNCT
cjal-9190	441	142	this	this	DET
cjal-9190	441	143	reallocation	reallocation	NOUN
cjal-9190	441	144	of	of	ADP
cjal-9190	441	145	voting	voting	NOUN
cjal-9190	441	146	rights	right	NOUN
cjal-9190	441	147	was	be	AUX
cjal-9190	441	148	critically	critically	ADV
cjal-9190	441	149	important	important	ADJ
cjal-9190	441	150	as	as	SCONJ
cjal-9190	441	151	the	the	DET
cjal-9190	441	152	csrc	csrc	NOUN
cjal-9190	441	153	has	have	VERB
cjal-9190	441	154	a	a	DET
cjal-9190	441	155	veto	veto	NOUN
cjal-9190	441	156	power	power	NOUN
cjal-9190	441	157	over	over	ADP
cjal-9190	441	158	the	the	DET
cjal-9190	441	159	appointment	appointment	NOUN
cjal-9190	441	160	and	and	CCONJ
cjal-9190	441	161	removal	removal	NOUN
cjal-9190	441	162	of	of	ADP
cjal-9190	441	163	the	the	DET
cjal-9190	441	164	members	member	NOUN
cjal-9190	441	165	of	of	ADP
cjal-9190	441	166	the	the	DET
cjal-9190	441	167	idcs	idc	NOUN
cjal-9190	441	168	of	of	ADP
cjal-9190	441	169	fund	fund	NOUN
cjal-9190	441	170	management	management	NOUN
cjal-9190	441	171	companies	company	NOUN
cjal-9190	441	172	,	,	PUNCT
cjal-9190	441	173	119	119	NUM
cjal-9190	441	174	who	who	PRON
cjal-9190	441	175	are	be	AUX
cjal-9190	441	176	often	often	ADV
cjal-9190	441	177	former	former	ADJ
cjal-9190	441	178	government	government	NOUN
cjal-9190	441	179	officials	official	NOUN
cjal-9190	441	180	and	and	CCONJ
cjal-9190	441	181	ccp	ccp	PROPN
cjal-9190	441	182	members	member	NOUN
cjal-9190	441	183	.	.	PUNCT
cjal-9190	442	1	also	also	ADV
cjal-9190	442	2	,	,	PUNCT
cjal-9190	442	3	to	to	PART
cjal-9190	442	4	speed	speed	VERB
cjal-9190	442	5	up	up	ADP
cjal-9190	442	6	the	the	DET
cjal-9190	442	7	reform	reform	NOUN
cjal-9190	442	8	process	process	NOUN
cjal-9190	442	9	“	"	PUNCT
cjal-9190	442	10	the	the	DET
cjal-9190	442	11	csrc	csrc	NOUN
cjal-9190	442	12	put	put	VERB
cjal-9190	442	13	direct	direct	ADJ
cjal-9190	442	14	pressure	pressure	NOUN
cjal-9190	442	15	on	on	ADP
cjal-9190	442	16	mutual	mutual	ADJ
cjal-9190	442	17	funds	fund	NOUN
cjal-9190	442	18	to	to	PART
cjal-9190	442	19	vote	vote	VERB
cjal-9190	442	20	in	in	ADP
cjal-9190	442	21	the	the	DET
cjal-9190	442	22	interest	interest	NOUN
cjal-9190	442	23	of	of	ADP
cjal-9190	442	24	expediting	expedite	VERB
cjal-9190	442	25	the	the	DET
cjal-9190	442	26	reform	reform	NOUN
cjal-9190	442	27	…	…	PUNCT
cjal-9190	443	1	[	[	X
cjal-9190	443	2	by	by	ADP
cjal-9190	443	3	holding	hold	VERB
cjal-9190	443	4	]	]	PUNCT
cjal-9190	443	5	regular	regular	ADJ
cjal-9190	443	6	meetings	meeting	NOUN
cjal-9190	443	7	with	with	ADP
cjal-9190	443	8	all	all	DET
cjal-9190	443	9	fund	fund	NOUN
cjal-9190	443	10	management	management	NOUN
cjal-9190	443	11	firms	firm	NOUN
cjal-9190	443	12	and	and	CCONJ
cjal-9190	443	13	[	[	X
cjal-9190	443	14	using	use	VERB
cjal-9190	443	15	]	]	PUNCT
cjal-9190	443	16	these	these	DET
cjal-9190	443	17	occasions	occasion	NOUN
cjal-9190	443	18	to	to	PART
cjal-9190	443	19	stress	stress	VERB
cjal-9190	443	20	the	the	DET
cjal-9190	443	21	need	need	NOUN
cjal-9190	443	22	for	for	ADP
cjal-9190	443	23	reaching	reach	VERB
cjal-9190	443	24	a	a	DET
cjal-9190	443	25	speedy	speedy	ADJ
cjal-9190	443	26	and	and	CCONJ
cjal-9190	443	27	noncontentious	noncontentious	ADJ
cjal-9190	443	28	conclusion	conclusion	NOUN
cjal-9190	443	29	to	to	ADP
cjal-9190	443	30	the	the	DET
cjal-9190	443	31	share	share	NOUN
cjal-9190	443	32	structure	structure	NOUN
cjal-9190	443	33	reform	reform	NOUN
cjal-9190	443	34	proposals	proposal	NOUN
cjal-9190	443	35	”	"	PUNCT
cjal-9190	443	36	.	.	PUNCT
cjal-9190	444	1	120	120	NUM
cjal-9190	444	2	firth	firth	PROPN
cjal-9190	444	3	,	,	PUNCT
cjal-9190	444	4	lin	lin	PROPN
cjal-9190	444	5	,	,	PUNCT
cjal-9190	444	6	and	and	CCONJ
cjal-9190	444	7	zou	zou	PROPN
cjal-9190	444	8	also	also	ADV
cjal-9190	444	9	found	find	VERB
cjal-9190	444	10	a	a	DET
cjal-9190	444	11	statistically	statistically	ADV
cjal-9190	444	12	significant	significant	ADJ
cjal-9190	444	13	negative	negative	ADJ
cjal-9190	444	14	relationship	relationship	NOUN
cjal-9190	444	15	between	between	ADP
cjal-9190	444	16	ownership	ownership	NOUN
cjal-9190	444	17	of	of	ADP
cjal-9190	444	18	voting	vote	VERB
cjal-9190	444	19	shares	share	NOUN
cjal-9190	444	20	by	by	ADP
cjal-9190	444	21	other	other	ADJ
cjal-9190	444	22	institutional	institutional	ADJ
cjal-9190	444	23	investors	investor	NOUN
cjal-9190	444	24	(	(	PUNCT
cjal-9190	444	25	e.g.	e.g.	ADV
cjal-9190	444	26	,	,	PUNCT
cjal-9190	444	27	insurance	insurance	NOUN
cjal-9190	444	28	companies	company	NOUN
cjal-9190	444	29	,	,	PUNCT
cjal-9190	444	30	securities	security	NOUN
cjal-9190	444	31	companies	company	NOUN
cjal-9190	444	32	,	,	PUNCT
cjal-9190	444	33	and	and	CCONJ
cjal-9190	444	34	investment	investment	NOUN
cjal-9190	444	35	trusts	trust	NOUN
cjal-9190	444	36	)	)	PUNCT
cjal-9190	444	37	and	and	CCONJ
cjal-9190	444	38	compensation	compensation	NOUN
cjal-9190	444	39	.	.	PUNCT
cjal-9190	445	1	121	121	NUM
cjal-9190	445	2	they	they	PRON
cjal-9190	445	3	concluded	conclude	VERB
cjal-9190	445	4	that	that	SCONJ
cjal-9190	445	5	this	this	DET
cjal-9190	445	6	empirical	empirical	ADJ
cjal-9190	445	7	finding	finding	NOUN
cjal-9190	445	8	may	may	AUX
cjal-9190	445	9	be	be	AUX
cjal-9190	445	10	due	due	ADJ
cjal-9190	445	11	to	to	ADP
cjal-9190	445	12	the	the	DET
cjal-9190	445	13	relationship	relationship	NOUN
cjal-9190	445	14	these	these	DET
cjal-9190	445	15	other	other	ADJ
cjal-9190	445	16	institutional	institutional	ADJ
cjal-9190	445	17	investors	investor	NOUN
cjal-9190	445	18	have	have	VERB
cjal-9190	445	19	with	with	ADP
cjal-9190	445	20	the	the	DET
cjal-9190	445	21	management	management	NOUN
cjal-9190	445	22	of	of	ADP
cjal-9190	445	23	the	the	DET
cjal-9190	445	24	investee	investee	NOUN
cjal-9190	445	25	companies	company	NOUN
cjal-9190	445	26	—	—	PUNCT
cjal-9190	445	27	which	which	PRON
cjal-9190	445	28	would	would	AUX
cjal-9190	445	29	provide	provide	VERB
cjal-9190	445	30	an	an	DET
cjal-9190	445	31	incentive	incentive	NOUN
cjal-9190	445	32	for	for	SCONJ
cjal-9190	445	33	these	these	DET
cjal-9190	445	34	other	other	ADJ
cjal-9190	445	35	institutional	institutional	ADJ
cjal-9190	445	36	investors	investor	NOUN
cjal-9190	445	37	to	to	PART
cjal-9190	445	38	support	support	VERB
cjal-9190	445	39	the	the	DET
cjal-9190	445	40	compensation	compensation	NOUN
cjal-9190	445	41	proposed	propose	VERB
cjal-9190	445	42	by	by	ADP
cjal-9190	445	43	the	the	DET
cjal-9190	445	44	management	management	NOUN
cjal-9190	445	45	that	that	PRON
cjal-9190	445	46	was	be	AUX
cjal-9190	445	47	backed	back	VERB
cjal-9190	445	48	by	by	ADP
cjal-9190	445	49	non	non	ADJ
cjal-9190	445	50	-	-	ADJ
cjal-9190	445	51	tradable	tradable	ADJ
cjal-9190	445	52	shareholders	shareholder	NOUN
cjal-9190	445	53	.	.	PUNCT
cjal-9190	446	1	122	122	NUM
cjal-9190	446	2	importantly	importantly	ADV
cjal-9190	446	3	,	,	PUNCT
cjal-9190	446	4	they	they	PRON
cjal-9190	446	5	also	also	ADV
cjal-9190	446	6	posit	posit	VERB
cjal-9190	446	7	that	that	SCONJ
cjal-9190	446	8	these	these	DET
cjal-9190	446	9	other	other	ADJ
cjal-9190	446	10	institutional	institutional	ADJ
cjal-9190	446	11	investors	investor	NOUN
cjal-9190	446	12	“	"	PUNCT
cjal-9190	446	13	are	be	AUX
cjal-9190	446	14	116	116	NUM
cjal-9190	446	15	i	i	PRON
cjal-9190	446	16	d.	d.	PROPN
cjal-9190	446	17	at	at	ADP
cjal-9190	446	18	703	703	NUM
cjal-9190	446	19	.	.	PUNCT
cjal-9190	447	1	117	117	NUM
cjal-9190	448	1	i	i	PROPN
cjal-9190	448	2	d.	d.	PROPN
cjal-9190	448	3	at	at	ADP
cjal-9190	448	4	692	692	NUM
cjal-9190	448	5	-	-	NUM
cjal-9190	448	6	693	693	NUM
cjal-9190	448	7	.	.	PUNCT
cjal-9190	448	8	118	118	NUM
cjal-9190	449	1	i	i	NOUN
cjal-9190	449	2	d.	d.	PROPN
cjal-9190	449	3	at	at	ADP
cjal-9190	449	4	693	693	NUM
cjal-9190	449	5	.	.	PUNCT
cjal-9190	450	1	see	see	VERB
cjal-9190	450	2	also	also	ADV
cjal-9190	450	3	,	,	PUNCT
cjal-9190	450	4	liu	liu	PROPN
cjal-9190	450	5	ying	ying	PROPN
cjal-9190	450	6	(	(	PUNCT
cjal-9190	450	7	刘瑛	刘瑛	NOUN
cjal-9190	450	8	)	)	PUNCT
cjal-9190	450	9	,	,	PUNCT
cjal-9190	450	10	difficult	difficult	ADJ
cjal-9190	450	11	for	for	SCONJ
cjal-9190	450	12	fund	fund	NOUN
cjal-9190	450	13	managers	manager	NOUN
cjal-9190	450	14	to	to	PART
cjal-9190	450	15	participate	participate	VERB
cjal-9190	450	16	in	in	ADP
cjal-9190	450	17	split	split	ADJ
cjal-9190	450	18	share	share	NOUN
cjal-9190	450	19	reform	reform	NOUN
cjal-9190	450	20	as	as	SCONJ
cjal-9190	450	21	the	the	DET
cjal-9190	450	22	voting	voting	NOUN
cjal-9190	450	23	right	right	NOUN
cjal-9190	450	24	is	be	AUX
cjal-9190	450	25	reallocated	reallocate	VERB
cjal-9190	450	26	(	(	PUNCT
cjal-9190	450	27	股改投票权上收	股改投票权上收	ADV
cjal-9190	450	28	基金经	基金经	ADV
cjal-9190	450	29	理翻云覆雨难	理翻云覆雨难	ADJ
cjal-9190	450	30	)	)	PUNCT
cjal-9190	450	31	,	,	PUNCT
cjal-9190	450	32	china	china	PROPN
cjal-9190	450	33	business	business	PROPN
cjal-9190	450	34	news	news	PROPN
cjal-9190	450	35	(	(	PUNCT
cjal-9190	450	36	第一财经日报	第一财经日报	PROPN
cjal-9190	450	37	)	)	PUNCT
cjal-9190	450	38	(	(	PUNCT
cjal-9190	450	39	aug	aug	PROPN
cjal-9190	450	40	.	.	PROPN
cjal-9190	450	41	31	31	NUM
cjal-9190	450	42	,	,	PUNCT
cjal-9190	450	43	2005	2005	NUM
cjal-9190	450	44	,	,	PUNCT
cjal-9190	450	45	9:28	9:28	NUM
cjal-9190	450	46	am	am	NOUN
cjal-9190	450	47	)	)	PUNCT
cjal-9190	450	48	,	,	PUNCT
cjal-9190	450	49	http://futures.money.hexun.com/1303024.shtml	http://futures.money.hexun.com/1303024.shtml	X
cjal-9190	450	50	.	.	PROPN
cjal-9190	451	1	119	119	NUM
cjal-9190	451	2	zhengquan	zhengquan	PROPN
cjal-9190	451	3	touzi	touzi	PROPN
cjal-9190	451	4	jijin	jijin	PROPN
cjal-9190	451	5	fa	fa	PROPN
cjal-9190	451	6	(	(	PUNCT
cjal-9190	451	7	证券投资基金法	证券投资基金法	NOUN
cjal-9190	451	8	)	)	PUNCT
cjal-9190	452	1	[	[	X
cjal-9190	452	2	securities	security	NOUN
cjal-9190	452	3	investment	investment	NOUN
cjal-9190	452	4	fund	fund	NOUN
cjal-9190	452	5	law	law	NOUN
cjal-9190	452	6	]	]	PUNCT
cjal-9190	452	7	(	(	PUNCT
cjal-9190	452	8	promulgated	promulgate	VERB
cjal-9190	452	9	by	by	ADP
cjal-9190	452	10	the	the	DET
cjal-9190	452	11	standing	standing	NOUN
cjal-9190	452	12	comm	comm	NOUN
cjal-9190	452	13	.	.	PUNCT
cjal-9190	453	1	nat’l	nat’l	PROPN
cjal-9190	453	2	people	people	NOUN
cjal-9190	453	3	’s	’s	PART
cjal-9190	453	4	cong	cong	PROPN
cjal-9190	453	5	.	.	PROPN
cjal-9190	454	1	,	,	PUNCT
cjal-9190	454	2	effective	effective	ADJ
cjal-9190	454	3	oct	oct	PROPN
cjal-9190	454	4	.	.	PROPN
cjal-9190	454	5	28	28	NUM
cjal-9190	454	6	,	,	PUNCT
cjal-9190	454	7	2003	2003	NUM
cjal-9190	454	8	and	and	CCONJ
cjal-9190	454	9	revised	revise	VERB
cjal-9190	454	10	on	on	ADP
cjal-9190	454	11	dec	dec	PROPN
cjal-9190	454	12	.	.	PROPN
cjal-9190	454	13	28	28	NUM
cjal-9190	454	14	,	,	PUNCT
cjal-9190	454	15	2012	2012	NUM
cjal-9190	454	16	)	)	PUNCT
cjal-9190	454	17	ord	ord	PROPN
cjal-9190	454	18	.	.	PUNCT
cjal-9190	455	1	no	no	INTJ
cjal-9190	455	2	.	.	NOUN
cjal-9190	456	1	23	23	NUM
cjal-9190	456	2	of	of	ADP
cjal-9190	456	3	the	the	DET
cjal-9190	456	4	president	president	NOUN
cjal-9190	456	5	,	,	PUNCT
cjal-9190	456	6	available	available	ADJ
cjal-9190	456	7	at	at	ADP
cjal-9190	456	8	http://english.www.gov.cn/services/investment/2014/08/23/content_281474982978	http://english.www.gov.cn/services/investment/2014/08/23/content_281474982978	PROPN
cjal-9190	456	9	075.htm	075.htm	NUM
cjal-9190	456	10	.	.	PUNCT
cjal-9190	457	1	120	120	NUM
cjal-9190	457	2	firth	firth	PROPN
cjal-9190	457	3	et	et	PROPN
cjal-9190	457	4	al	al	PROPN
cjal-9190	457	5	.	.	PROPN
cjal-9190	457	6	,	,	PUNCT
cjal-9190	457	7	supra	supra	PROPN
cjal-9190	457	8	note	note	PROPN
cjal-9190	457	9	109	109	NUM
cjal-9190	457	10	,	,	PUNCT
cjal-9190	457	11	at	at	ADP
cjal-9190	457	12	692	692	NUM
cjal-9190	457	13	.	.	NUM
cjal-9190	457	14	121	121	NUM
cjal-9190	457	15	i	i	PRON
cjal-9190	457	16	d.	d.	NOUN
cjal-9190	457	17	at	at	ADP
cjal-9190	457	18	697	697	NUM
cjal-9190	457	19	.	.	NUM
cjal-9190	457	20	122	122	NUM
cjal-9190	458	1	i	i	PRON
cjal-9190	458	2	d.	d.	PROPN
cjal-9190	458	3	2022	2022	NUM
cjal-9190	458	4	]	]	PUNCT
cjal-9190	458	5	columbia	columbia	PROPN
cjal-9190	458	6	journal	journal	PROPN
cjal-9190	458	7	of	of	ADP
cjal-9190	458	8	asian	asian	ADJ
cjal-9190	458	9	law	law	NOUN
cjal-9190	458	10	111	111	NUM
cjal-9190	458	11	owned	own	VERB
cjal-9190	458	12	by	by	ADP
cjal-9190	458	13	the	the	DET
cjal-9190	458	14	state	state	NOUN
cjal-9190	459	1	[	[	X
cjal-9190	459	2	and	and	CCONJ
cjal-9190	459	3	]	]	PUNCT
cjal-9190	459	4	may	may	AUX
cjal-9190	459	5	also	also	ADV
cjal-9190	459	6	be	be	AUX
cjal-9190	459	7	under	under	ADP
cjal-9190	459	8	pressure	pressure	NOUN
cjal-9190	459	9	from	from	ADP
cjal-9190	459	10	the	the	DET
cjal-9190	459	11	csrc	csrc	NOUN
cjal-9190	459	12	to	to	PART
cjal-9190	459	13	agree	agree	VERB
cjal-9190	459	14	to	to	ADP
cjal-9190	459	15	the	the	DET
cjal-9190	459	16	compensation	compensation	NOUN
cjal-9190	459	17	terms”—suggesting	terms”—suggeste	VERB
cjal-9190	459	18	that	that	PRON
cjal-9190	459	19	these	these	DET
cjal-9190	459	20	other	other	ADJ
cjal-9190	459	21	institutional	institutional	ADJ
cjal-9190	459	22	investors	investor	NOUN
cjal-9190	459	23	were	be	AUX
cjal-9190	459	24	also	also	ADV
cjal-9190	459	25	coopted	coopte	VERB
cjal-9190	459	26	by	by	ADP
cjal-9190	459	27	government	government	NOUN
cjal-9190	459	28	pressure	pressure	NOUN
cjal-9190	459	29	to	to	PART
cjal-9190	459	30	ensure	ensure	VERB
cjal-9190	459	31	that	that	SCONJ
cjal-9190	459	32	the	the	DET
cjal-9190	459	33	split	split	NOUN
cjal-9190	459	34	share	share	NOUN
cjal-9190	459	35	reform	reform	NOUN
cjal-9190	459	36	was	be	AUX
cjal-9190	459	37	quick	quick	ADJ
cjal-9190	459	38	and	and	CCONJ
cjal-9190	459	39	noncontentious.123	noncontentious.123	NOUN
cjal-9190	459	40	in	in	ADP
cjal-9190	459	41	another	another	DET
cjal-9190	459	42	follow	follow	VERB
cjal-9190	459	43	-	-	PUNCT
cjal-9190	459	44	up	up	ADP
cjal-9190	459	45	study	study	NOUN
cjal-9190	459	46	on	on	ADP
cjal-9190	459	47	the	the	DET
cjal-9190	459	48	split	split	ADJ
cjal-9190	459	49	share	share	NOUN
cjal-9190	459	50	reform	reform	NOUN
cjal-9190	459	51	,	,	PUNCT
cjal-9190	459	52	huang	huang	PROPN
cjal-9190	459	53	and	and	CCONJ
cjal-9190	459	54	zhu	zhu	PROPN
cjal-9190	459	55	(	(	PUNCT
cjal-9190	459	56	2015	2015	NUM
cjal-9190	459	57	)	)	PUNCT
cjal-9190	459	58	confirmed	confirm	VERB
cjal-9190	459	59	the	the	DET
cjal-9190	459	60	statistically	statistically	ADV
cjal-9190	459	61	significant	significant	ADJ
cjal-9190	459	62	positive	positive	ADJ
cjal-9190	459	63	relationship	relationship	NOUN
cjal-9190	459	64	between	between	ADP
cjal-9190	459	65	state	state	NOUN
cjal-9190	459	66	ownership	ownership	NOUN
cjal-9190	459	67	and	and	CCONJ
cjal-9190	459	68	higher	high	ADJ
cjal-9190	459	69	compensation	compensation	NOUN
cjal-9190	459	70	.	.	PUNCT
cjal-9190	460	1	124	124	NUM
cjal-9190	460	2	they	they	PRON
cjal-9190	460	3	also	also	ADV
cjal-9190	460	4	confirmed	confirm	VERB
cjal-9190	460	5	that	that	SCONJ
cjal-9190	460	6	this	this	DET
cjal-9190	460	7	positive	positive	ADJ
cjal-9190	460	8	relationship	relationship	NOUN
cjal-9190	460	9	decreased	decrease	VERB
cjal-9190	460	10	with	with	ADP
cjal-9190	460	11	the	the	DET
cjal-9190	460	12	level	level	NOUN
cjal-9190	460	13	of	of	ADP
cjal-9190	460	14	sif	sif	NOUN
cjal-9190	460	15	ownership	ownership	NOUN
cjal-9190	460	16	—	—	PUNCT
cjal-9190	460	17	suggesting	suggest	VERB
cjal-9190	460	18	that	that	SCONJ
cjal-9190	460	19	“	"	PUNCT
cjal-9190	460	20	the	the	DET
cjal-9190	460	21	controlling	control	VERB
cjal-9190	460	22	state	state	NOUN
cjal-9190	460	23	shareholders	shareholder	NOUN
cjal-9190	460	24	may	may	AUX
cjal-9190	460	25	exert	exert	VERB
cjal-9190	460	26	political	political	ADJ
cjal-9190	460	27	influence	influence	NOUN
cjal-9190	460	28	on	on	ADP
cjal-9190	460	29	[	[	X
cjal-9190	460	30	sif	sif	X
cjal-9190	460	31	]	]	PUNCT
cjal-9190	460	32	managers	manager	NOUN
cjal-9190	460	33	and	and	CCONJ
cjal-9190	460	34	offer	offer	VERB
cjal-9190	460	35	a	a	DET
cjal-9190	460	36	lower	low	ADJ
cjal-9190	460	37	compensation	compensation	NOUN
cjal-9190	460	38	ratio	ratio	NOUN
cjal-9190	460	39	for	for	ADP
cjal-9190	460	40	companies	company	NOUN
cjal-9190	460	41	with	with	ADP
cjal-9190	460	42	[	[	X
cjal-9190	460	43	sif	sif	X
cjal-9190	460	44	]	]	X
cjal-9190	460	45	ownership	ownership	NOUN
cjal-9190	460	46	.	.	PUNCT
cjal-9190	460	47	”125	”125	PUNCT
cjal-9190	461	1	huang	huang	PROPN
cjal-9190	461	2	and	and	CCONJ
cjal-9190	461	3	zhu	zhu	PROPN
cjal-9190	461	4	then	then	ADV
cjal-9190	461	5	extended	extend	VERB
cjal-9190	461	6	on	on	ADP
cjal-9190	461	7	firth	firth	PROPN
cjal-9190	461	8	,	,	PUNCT
cjal-9190	461	9	lin	lin	PROPN
cjal-9190	461	10	,	,	PUNCT
cjal-9190	461	11	and	and	CCONJ
cjal-9190	461	12	zou	zou	NOUN
cjal-9190	461	13	’s	’s	PART
cjal-9190	461	14	research	research	NOUN
cjal-9190	461	15	by	by	ADP
cjal-9190	461	16	examining	examine	VERB
cjal-9190	461	17	the	the	DET
cjal-9190	461	18	relationship	relationship	NOUN
cjal-9190	461	19	between	between	ADP
cjal-9190	461	20	the	the	DET
cjal-9190	461	21	amount	amount	NOUN
cjal-9190	461	22	of	of	ADP
cjal-9190	461	23	compensation	compensation	NOUN
cjal-9190	461	24	and	and	CCONJ
cjal-9190	461	25	the	the	DET
cjal-9190	461	26	level	level	NOUN
cjal-9190	461	27	of	of	ADP
cjal-9190	461	28	qfii	qfii	ADJ
cjal-9190	461	29	ownership	ownership	NOUN
cjal-9190	461	30	.	.	PUNCT
cjal-9190	462	1	they	they	PRON
cjal-9190	462	2	found	find	VERB
cjal-9190	462	3	a	a	DET
cjal-9190	462	4	statistically	statistically	ADV
cjal-9190	462	5	significant	significant	ADJ
cjal-9190	462	6	positive	positive	ADJ
cjal-9190	462	7	relationship	relationship	NOUN
cjal-9190	462	8	,	,	PUNCT
cjal-9190	462	9	“	"	PUNCT
cjal-9190	462	10	suggesting	suggest	VERB
cjal-9190	462	11	that	that	SCONJ
cjal-9190	462	12	qfiis	qfiis	NOUN
cjal-9190	462	13	are	be	AUX
cjal-9190	462	14	less	less	ADV
cjal-9190	462	15	prone	prone	ADJ
cjal-9190	462	16	to	to	ADP
cjal-9190	462	17	political	political	ADJ
cjal-9190	462	18	pressure	pressure	NOUN
cjal-9190	462	19	.	.	PUNCT
cjal-9190	462	20	”	"	PUNCT
cjal-9190	463	1	126	126	NUM
cjal-9190	463	2	based	base	VERB
cjal-9190	463	3	on	on	ADP
cjal-9190	463	4	several	several	ADJ
cjal-9190	463	5	statistically	statistically	ADV
cjal-9190	463	6	significant	significant	ADJ
cjal-9190	463	7	empirical	empirical	ADJ
cjal-9190	463	8	findings	finding	NOUN
cjal-9190	463	9	,	,	PUNCT
cjal-9190	463	10	they	they	PRON
cjal-9190	463	11	concluded	conclude	VERB
cjal-9190	463	12	that	that	SCONJ
cjal-9190	463	13	“	"	PUNCT
cjal-9190	463	14	foreign	foreign	ADJ
cjal-9190	463	15	institutional	institutional	ADJ
cjal-9190	463	16	investors	investor	NOUN
cjal-9190	463	17	are	be	AUX
cjal-9190	463	18	less	less	ADV
cjal-9190	463	19	prone	prone	ADJ
cjal-9190	463	20	to	to	ADP
cjal-9190	463	21	political	political	ADJ
cjal-9190	463	22	pressure	pressure	NOUN
cjal-9190	463	23	than	than	ADP
cjal-9190	463	24	their	their	PRON
cjal-9190	463	25	local	local	ADJ
cjal-9190	463	26	peers	peer	NOUN
cjal-9190	463	27	and	and	CCONJ
cjal-9190	463	28	are	be	AUX
cjal-9190	463	29	more	more	ADV
cjal-9190	463	30	likely	likely	ADJ
cjal-9190	463	31	to	to	PART
cjal-9190	463	32	perform	perform	VERB
cjal-9190	463	33	arm	arm	NOUN
cjal-9190	463	34	’s	’s	PART
cjal-9190	463	35	length	length	NOUN
cjal-9190	463	36	monitoring	monitoring	NOUN
cjal-9190	463	37	.	.	PUNCT
cjal-9190	463	38	”	"	PUNCT
cjal-9190	464	1	127	127	NUM
cjal-9190	464	2	in	in	ADP
cjal-9190	464	3	part	part	NOUN
cjal-9190	464	4	iv	iv	NUM
cjal-9190	464	5	,	,	PUNCT
cjal-9190	464	6	we	we	PRON
cjal-9190	464	7	identify	identify	VERB
cjal-9190	464	8	and	and	CCONJ
cjal-9190	464	9	explain	explain	VERB
cjal-9190	464	10	the	the	DET
cjal-9190	464	11	specific	specific	ADJ
cjal-9190	464	12	regulatory	regulatory	ADJ
cjal-9190	464	13	architecture	architecture	NOUN
cjal-9190	464	14	which	which	PRON
cjal-9190	464	15	makes	make	VERB
cjal-9190	464	16	it	it	PRON
cjal-9190	464	17	clear	clear	ADJ
cjal-9190	464	18	why	why	SCONJ
cjal-9190	464	19	this	this	PRON
cjal-9190	464	20	is	be	AUX
cjal-9190	464	21	the	the	DET
cjal-9190	464	22	case	case	NOUN
cjal-9190	464	23	.	.	PUNCT
cjal-9190	465	1	there	there	PRON
cjal-9190	465	2	are	be	VERB
cjal-9190	465	3	five	five	NUM
cjal-9190	465	4	important	important	ADJ
cjal-9190	465	5	observations	observation	NOUN
cjal-9190	465	6	that	that	PRON
cjal-9190	465	7	can	can	AUX
cjal-9190	465	8	be	be	AUX
cjal-9190	465	9	derived	derive	VERB
cjal-9190	465	10	from	from	ADP
cjal-9190	465	11	the	the	DET
cjal-9190	465	12	empirical	empirical	ADJ
cjal-9190	465	13	evidence	evidence	NOUN
cjal-9190	465	14	from	from	ADP
cjal-9190	465	15	the	the	DET
cjal-9190	465	16	split	split	ADJ
cjal-9190	465	17	share	share	NOUN
cjal-9190	465	18	reform	reform	NOUN
cjal-9190	465	19	.	.	PUNCT
cjal-9190	466	1	first	first	ADV
cjal-9190	466	2	,	,	PUNCT
cjal-9190	466	3	it	it	PRON
cjal-9190	466	4	demonstrates	demonstrate	VERB
cjal-9190	466	5	how	how	SCONJ
cjal-9190	466	6	the	the	DET
cjal-9190	466	7	ccp	ccp	PROPN
cjal-9190	466	8	’s	’s	PART
cjal-9190	466	9	influence	influence	NOUN
cjal-9190	466	10	over	over	ADP
cjal-9190	466	11	institutional	institutional	ADJ
cjal-9190	466	12	investors	investor	NOUN
cjal-9190	466	13	can	can	AUX
cjal-9190	466	14	be	be	AUX
cjal-9190	466	15	used	use	VERB
cjal-9190	466	16	for	for	ADP
cjal-9190	466	17	policy	policy	NOUN
cjal-9190	466	18	channeling	channeling	NOUN
cjal-9190	466	19	—	—	PUNCT
cjal-9190	466	20	which	which	PRON
cjal-9190	466	21	reaffirms	reaffirm	VERB
cjal-9190	466	22	the	the	DET
cjal-9190	466	23	importance	importance	NOUN
cjal-9190	466	24	of	of	ADP
cjal-9190	466	25	understanding	understand	VERB
cjal-9190	466	26	how	how	SCONJ
cjal-9190	466	27	the	the	DET
cjal-9190	466	28	policy	policy	NOUN
cjal-9190	466	29	channels	channel	NOUN
cjal-9190	466	30	for	for	ADP
cjal-9190	466	31	institutional	institutional	ADJ
cjal-9190	466	32	investors	investor	NOUN
cjal-9190	466	33	work	work	VERB
cjal-9190	466	34	as	as	SCONJ
cjal-9190	466	35	they	they	PRON
cjal-9190	466	36	can	can	AUX
cjal-9190	466	37	turn	turn	VERB
cjal-9190	466	38	the	the	DET
cjal-9190	466	39	role	role	NOUN
cjal-9190	466	40	of	of	ADP
cjal-9190	466	41	institutional	institutional	ADJ
cjal-9190	466	42	investors	investor	NOUN
cjal-9190	466	43	on	on	ADP
cjal-9190	466	44	its	its	PRON
cjal-9190	466	45	head	head	NOUN
cjal-9190	466	46	.	.	PUNCT
cjal-9190	467	1	second	second	ADV
cjal-9190	467	2	,	,	PUNCT
cjal-9190	467	3	it	it	PRON
cjal-9190	467	4	demonstrates	demonstrate	VERB
cjal-9190	467	5	how	how	SCONJ
cjal-9190	467	6	different	different	ADJ
cjal-9190	467	7	types	type	NOUN
cjal-9190	467	8	of	of	ADP
cjal-9190	467	9	institutional	institutional	ADJ
cjal-9190	467	10	investors	investor	NOUN
cjal-9190	467	11	are	be	AUX
cjal-9190	467	12	impacted	impact	VERB
cjal-9190	467	13	differently	differently	ADV
cjal-9190	467	14	by	by	ADP
cjal-9190	467	15	policy	policy	NOUN
cjal-9190	467	16	channeling	channeling	NOUN
cjal-9190	467	17	(	(	PUNCT
cjal-9190	467	18	in	in	ADP
cjal-9190	467	19	this	this	DET
cjal-9190	467	20	case	case	NOUN
cjal-9190	467	21	,	,	PUNCT
cjal-9190	467	22	the	the	DET
cjal-9190	467	23	difference	difference	NOUN
cjal-9190	467	24	between	between	ADP
cjal-9190	467	25	domestic	domestic	ADJ
cjal-9190	467	26	and	and	CCONJ
cjal-9190	467	27	foreign	foreign	ADJ
cjal-9190	467	28	institutional	institutional	ADJ
cjal-9190	467	29	investors	investor	NOUN
cjal-9190	467	30	)	)	PUNCT
cjal-9190	467	31	and	and	CCONJ
cjal-9190	467	32	how	how	SCONJ
cjal-9190	467	33	understanding	understanding	ADJ
cjal-9190	467	34	the	the	DET
cjal-9190	467	35	extent	extent	NOUN
cjal-9190	467	36	to	to	PART
cjal-9190	467	37	which	which	PRON
cjal-9190	467	38	the	the	DET
cjal-9190	467	39	ccp	ccp	PROPN
cjal-9190	467	40	can	can	AUX
cjal-9190	467	41	influence	influence	VERB
cjal-9190	467	42	different	different	ADJ
cjal-9190	467	43	types	type	NOUN
cjal-9190	467	44	of	of	ADP
cjal-9190	467	45	institutional	institutional	ADJ
cjal-9190	467	46	investors	investor	NOUN
cjal-9190	467	47	is	be	AUX
cjal-9190	467	48	critically	critically	ADV
cjal-9190	467	49	important	important	ADJ
cjal-9190	467	50	.	.	PUNCT
cjal-9190	468	1	third	third	ADJ
cjal-9190	468	2	,	,	PUNCT
cjal-9190	468	3	it	it	PRON
cjal-9190	468	4	demonstrates	demonstrate	VERB
cjal-9190	468	5	how	how	SCONJ
cjal-9190	468	6	the	the	DET
cjal-9190	468	7	ccp	ccp	PROPN
cjal-9190	468	8	may	may	AUX
cjal-9190	468	9	quickly	quickly	ADV
cjal-9190	468	10	rearrange	rearrange	VERB
cjal-9190	468	11	the	the	DET
cjal-9190	468	12	regulatory	regulatory	ADJ
cjal-9190	468	13	environment	environment	NOUN
cjal-9190	468	14	—	—	PUNCT
cjal-9190	468	15	in	in	ADP
cjal-9190	468	16	this	this	DET
cjal-9190	468	17	case	case	NOUN
cjal-9190	468	18	by	by	ADP
cjal-9190	468	19	reallocating	reallocate	VERB
cjal-9190	468	20	the	the	DET
cjal-9190	468	21	voting	voting	NOUN
cjal-9190	468	22	rights	right	NOUN
cjal-9190	468	23	from	from	ADP
cjal-9190	468	24	fund	fund	NOUN
cjal-9190	468	25	managers	manager	NOUN
cjal-9190	468	26	to	to	ADP
cjal-9190	468	27	the	the	DET
cjal-9190	468	28	idc	idc	NOUN
cjal-9190	468	29	—	—	PUNCT
cjal-9190	468	30	to	to	PART
cjal-9190	468	31	enhance	enhance	VERB
cjal-9190	468	32	its	its	PRON
cjal-9190	468	33	ability	ability	NOUN
cjal-9190	468	34	to	to	PART
cjal-9190	468	35	use	use	VERB
cjal-9190	468	36	certain	certain	ADJ
cjal-9190	468	37	types	type	NOUN
cjal-9190	468	38	of	of	ADP
cjal-9190	468	39	institutional	institutional	ADJ
cjal-9190	468	40	investors	investor	NOUN
cjal-9190	468	41	for	for	ADP
cjal-9190	468	42	policy	policy	NOUN
cjal-9190	468	43	channeling	channel	VERB
cjal-9190	468	44	in	in	ADP
cjal-9190	468	45	particular	particular	ADJ
cjal-9190	468	46	situations	situation	NOUN
cjal-9190	468	47	.	.	PUNCT
cjal-9190	469	1	fourth	fourth	ADJ
cjal-9190	469	2	,	,	PUNCT
cjal-9190	469	3	it	it	PRON
cjal-9190	469	4	demonstrates	demonstrate	VERB
cjal-9190	469	5	how	how	SCONJ
cjal-9190	469	6	even	even	ADV
cjal-9190	469	7	when	when	SCONJ
cjal-9190	469	8	the	the	DET
cjal-9190	469	9	ccp	ccp	PROPN
cjal-9190	469	10	wants	want	VERB
cjal-9190	469	11	to	to	PART
cjal-9190	469	12	policy	policy	NOUN
cjal-9190	469	13	channel	channel	NOUN
cjal-9190	469	14	free	free	ADJ
cjal-9190	469	15	market	market	NOUN
cjal-9190	469	16	forces	force	NOUN
cjal-9190	469	17	remain	remain	VERB
cjal-9190	469	18	important	important	ADJ
cjal-9190	469	19	—	—	PUNCT
cjal-9190	469	20	in	in	ADP
cjal-9190	469	21	this	this	DET
cjal-9190	469	22	case	case	NOUN
cjal-9190	469	23	the	the	DET
cjal-9190	469	24	ccp	ccp	PROPN
cjal-9190	469	25	could	could	AUX
cjal-9190	469	26	have	have	AUX
cjal-9190	469	27	decided	decide	VERB
cjal-9190	469	28	the	the	DET
cjal-9190	469	29	level	level	NOUN
cjal-9190	469	30	of	of	ADP
cjal-9190	469	31	compensation	compensation	NOUN
cjal-9190	469	32	by	by	ADP
cjal-9190	469	33	fiat	fiat	NOUN
cjal-9190	469	34	,	,	PUNCT
cjal-9190	469	35	but	but	CCONJ
cjal-9190	469	36	instead	instead	ADV
cjal-9190	469	37	it	it	PRON
cjal-9190	469	38	123	123	NUM
cjal-9190	469	39	i	i	PRON
cjal-9190	469	40	d.	d.	VERB
cjal-9190	469	41	at	at	ADP
cjal-9190	469	42	698	698	NUM
cjal-9190	469	43	.	.	PUNCT
cjal-9190	470	1	124	124	NUM
cjal-9190	470	2	huang	huang	PROPN
cjal-9190	470	3	&	&	CCONJ
cjal-9190	470	4	zhu	zhu	PROPN
cjal-9190	470	5	,	,	PUNCT
cjal-9190	470	6	supra	supra	PROPN
cjal-9190	470	7	note	note	PROPN
cjal-9190	470	8	47	47	NUM
cjal-9190	470	9	,	,	PUNCT
cjal-9190	470	10	at	at	ADP
cjal-9190	470	11	314	314	NUM
cjal-9190	470	12	.	.	PUNCT
cjal-9190	471	1	125	125	NUM
cjal-9190	472	1	i	i	NOUN
cjal-9190	472	2	d.	d.	PROPN
cjal-9190	472	3	126	126	NUM
cjal-9190	473	1	i	i	PRON
cjal-9190	473	2	d.	d.	PROPN
cjal-9190	473	3	at	at	ADP
cjal-9190	473	4	314	314	NUM
cjal-9190	473	5	,	,	PUNCT
cjal-9190	473	6	319	319	NUM
cjal-9190	473	7	-	-	SYM
cjal-9190	473	8	320	320	NUM
cjal-9190	473	9	.	.	PUNCT
cjal-9190	474	1	127	127	NUM
cjal-9190	474	2	i	i	PRON
cjal-9190	474	3	d.	d.	PROPN
cjal-9190	474	4	at	at	ADP
cjal-9190	474	5	314	314	NUM
cjal-9190	474	6	.	.	PUNCT
cjal-9190	475	1	112	112	NUM
cjal-9190	475	2	institutional	institutional	ADJ
cjal-9190	475	3	investors	investor	NOUN
cjal-9190	475	4	in	in	ADP
cjal-9190	475	5	china	china	PROPN
cjal-9190	475	6	[	[	X
cjal-9190	475	7	vol	vol	NOUN
cjal-9190	475	8	.	.	PUNCT
cjal-9190	475	9	35	35	NUM
cjal-9190	475	10	:	:	SYM
cjal-9190	475	11	74	74	NUM
cjal-9190	475	12	chose	choose	VERB
cjal-9190	475	13	to	to	PART
cjal-9190	475	14	subject	subject	VERB
cjal-9190	475	15	the	the	DET
cjal-9190	475	16	compensation	compensation	NOUN
cjal-9190	475	17	to	to	ADP
cjal-9190	475	18	market	market	NOUN
cjal-9190	475	19	forces	force	NOUN
cjal-9190	475	20	and	and	CCONJ
cjal-9190	475	21	then	then	ADV
cjal-9190	475	22	to	to	PART
cjal-9190	475	23	use	use	VERB
cjal-9190	475	24	policy	policy	NOUN
cjal-9190	475	25	channeling	channel	VERB
cjal-9190	475	26	to	to	PART
cjal-9190	475	27	shape	shape	VERB
cjal-9190	475	28	the	the	DET
cjal-9190	475	29	outcome.128	outcome.128	ADJ
cjal-9190	475	30	fifth	fifth	NOUN
cjal-9190	475	31	,	,	PUNCT
cjal-9190	475	32	the	the	DET
cjal-9190	475	33	ability	ability	NOUN
cjal-9190	475	34	for	for	ADP
cjal-9190	475	35	foreign	foreign	ADJ
cjal-9190	475	36	institutional	institutional	ADJ
cjal-9190	475	37	investors	investor	NOUN
cjal-9190	475	38	to	to	PART
cjal-9190	475	39	have	have	AUX
cjal-9190	475	40	a	a	DET
cjal-9190	475	41	significant	significant	ADJ
cjal-9190	475	42	impact	impact	NOUN
cjal-9190	475	43	was	be	AUX
cjal-9190	475	44	unique	unique	ADJ
cjal-9190	475	45	in	in	ADP
cjal-9190	475	46	this	this	DET
cjal-9190	475	47	case	case	NOUN
cjal-9190	475	48	.	.	PUNCT
cjal-9190	476	1	as	as	SCONJ
cjal-9190	476	2	the	the	DET
cjal-9190	476	3	compensation	compensation	NOUN
cjal-9190	476	4	offered	offer	VERB
cjal-9190	476	5	by	by	ADP
cjal-9190	476	6	non	non	ADJ
cjal-9190	476	7	-	-	ADJ
cjal-9190	476	8	tradable	tradable	ADJ
cjal-9190	476	9	shareholders	shareholder	NOUN
cjal-9190	476	10	had	have	VERB
cjal-9190	476	11	to	to	PART
cjal-9190	476	12	be	be	AUX
cjal-9190	476	13	approved	approve	VERB
cjal-9190	476	14	by	by	ADP
cjal-9190	476	15	two	two	NUM
cjal-9190	476	16	-	-	PUNCT
cjal-9190	476	17	thirds	third	NOUN
cjal-9190	476	18	of	of	ADP
cjal-9190	476	19	tradable	tradable	ADJ
cjal-9190	476	20	shareholders	shareholder	NOUN
cjal-9190	476	21	this	this	PRON
cjal-9190	476	22	increased	increase	VERB
cjal-9190	476	23	the	the	DET
cjal-9190	476	24	voice	voice	NOUN
cjal-9190	476	25	of	of	ADP
cjal-9190	476	26	foreign	foreign	ADJ
cjal-9190	476	27	institutional	institutional	ADJ
cjal-9190	476	28	investors	investor	NOUN
cjal-9190	476	29	which	which	PRON
cjal-9190	476	30	,	,	PUNCT
cjal-9190	476	31	as	as	SCONJ
cjal-9190	476	32	highlighted	highlight	VERB
cjal-9190	476	33	in	in	ADP
cjal-9190	476	34	part	part	PROPN
cjal-9190	476	35	ii	ii	PROPN
cjal-9190	476	36	,	,	PUNCT
cjal-9190	476	37	normally	normally	ADV
cjal-9190	476	38	only	only	ADV
cjal-9190	476	39	own	own	VERB
cjal-9190	476	40	a	a	DET
cjal-9190	476	41	small	small	ADJ
cjal-9190	476	42	minority	minority	NOUN
cjal-9190	476	43	of	of	ADP
cjal-9190	476	44	shares	share	NOUN
cjal-9190	476	45	in	in	ADP
cjal-9190	476	46	a	a	DET
cjal-9190	476	47	-	-	PUNCT
cjal-9190	476	48	shares	share	NOUN
cjal-9190	476	49	companies	company	NOUN
cjal-9190	476	50	.	.	PUNCT
cjal-9190	477	1	also	also	ADV
cjal-9190	477	2	,	,	PUNCT
cjal-9190	477	3	on	on	ADP
cjal-9190	477	4	average	average	ADJ
cjal-9190	477	5	,	,	PUNCT
cjal-9190	477	6	only	only	ADV
cjal-9190	477	7	35	35	NUM
cjal-9190	477	8	%	%	NOUN
cjal-9190	477	9	of	of	ADP
cjal-9190	477	10	tradable	tradable	ADJ
cjal-9190	477	11	shareholders	shareholder	NOUN
cjal-9190	477	12	chose	choose	VERB
cjal-9190	477	13	to	to	PART
cjal-9190	477	14	exercise	exercise	VERB
cjal-9190	477	15	their	their	PRON
cjal-9190	477	16	votes	vote	NOUN
cjal-9190	477	17	in	in	ADP
cjal-9190	477	18	the	the	DET
cjal-9190	477	19	split	split	ADJ
cjal-9190	477	20	share	share	NOUN
cjal-9190	477	21	reform	reform	NOUN
cjal-9190	477	22	proposals	proposal	NOUN
cjal-9190	477	23	—	—	PUNCT
cjal-9190	477	24	suggesting	suggest	VERB
cjal-9190	477	25	that	that	SCONJ
cjal-9190	477	26	a	a	DET
cjal-9190	477	27	(	(	PUNCT
cjal-9190	477	28	foreign	foreign	ADJ
cjal-9190	477	29	)	)	PUNCT
cjal-9190	477	30	tradable	tradable	ADJ
cjal-9190	477	31	shareholder	shareholder	NOUN
cjal-9190	477	32	with	with	ADP
cjal-9190	477	33	as	as	ADV
cjal-9190	477	34	little	little	ADJ
cjal-9190	477	35	as	as	ADP
cjal-9190	477	36	3.5	3.5	NUM
cjal-9190	477	37	%	%	NOUN
cjal-9190	477	38	of	of	ADP
cjal-9190	477	39	the	the	DET
cjal-9190	477	40	total	total	ADJ
cjal-9190	477	41	shares	share	NOUN
cjal-9190	477	42	may	may	AUX
cjal-9190	477	43	have	have	AUX
cjal-9190	477	44	been	be	AUX
cjal-9190	477	45	able	able	ADJ
cjal-9190	477	46	to	to	PART
cjal-9190	477	47	veto	veto	VERB
cjal-9190	477	48	the	the	DET
cjal-9190	477	49	proposal	proposal	NOUN
cjal-9190	477	50	,	,	PUNCT
cjal-9190	477	51	making	make	VERB
cjal-9190	477	52	the	the	DET
cjal-9190	477	53	split	split	ADJ
cjal-9190	477	54	shareholder	shareholder	NOUN
cjal-9190	477	55	reform	reform	NOUN
cjal-9190	477	56	atypical	atypical	ADJ
cjal-9190	477	57	in	in	ADP
cjal-9190	477	58	terms	term	NOUN
cjal-9190	477	59	of	of	ADP
cjal-9190	477	60	the	the	DET
cjal-9190	477	61	ability	ability	NOUN
cjal-9190	477	62	of	of	ADP
cjal-9190	477	63	small	small	ADJ
cjal-9190	477	64	minority	minority	NOUN
cjal-9190	477	65	foreign	foreign	ADJ
cjal-9190	477	66	institutional	institutional	ADJ
cjal-9190	477	67	investors	investor	NOUN
cjal-9190	477	68	to	to	PART
cjal-9190	477	69	have	have	AUX
cjal-9190	477	70	formal	formal	ADJ
cjal-9190	477	71	veto	veto	NOUN
cjal-9190	477	72	power.129	power.129	VERB
cjal-9190	477	73	however	however	ADV
cjal-9190	477	74	,	,	PUNCT
cjal-9190	477	75	even	even	ADV
cjal-9190	477	76	outside	outside	ADP
cjal-9190	477	77	of	of	ADP
cjal-9190	477	78	the	the	DET
cjal-9190	477	79	context	context	NOUN
cjal-9190	477	80	of	of	ADP
cjal-9190	477	81	the	the	DET
cjal-9190	477	82	split	split	ADJ
cjal-9190	477	83	share	share	NOUN
cjal-9190	477	84	reform	reform	NOUN
cjal-9190	477	85	,	,	PUNCT
cjal-9190	477	86	there	there	PRON
cjal-9190	477	87	is	be	VERB
cjal-9190	477	88	a	a	DET
cjal-9190	477	89	body	body	NOUN
cjal-9190	477	90	of	of	ADP
cjal-9190	477	91	empirical	empirical	ADJ
cjal-9190	477	92	research	research	NOUN
cjal-9190	477	93	which	which	PRON
cjal-9190	477	94	suggests	suggest	VERB
cjal-9190	477	95	that	that	SCONJ
cjal-9190	477	96	foreign	foreign	ADJ
cjal-9190	477	97	institutional	institutional	ADJ
cjal-9190	477	98	investors	investor	NOUN
cjal-9190	477	99	may	may	AUX
cjal-9190	477	100	have	have	VERB
cjal-9190	477	101	a	a	DET
cjal-9190	477	102	positive	positive	ADJ
cjal-9190	477	103	impact	impact	NOUN
cjal-9190	477	104	on	on	ADP
cjal-9190	477	105	the	the	DET
cjal-9190	477	106	corporate	corporate	ADJ
cjal-9190	477	107	governance	governance	NOUN
cjal-9190	477	108	of	of	ADP
cjal-9190	477	109	a	a	DET
cjal-9190	477	110	-	-	PUNCT
cjal-9190	477	111	shares	share	NOUN
cjal-9190	477	112	companies	company	NOUN
cjal-9190	477	113	—	—	PUNCT
cjal-9190	477	114	with	with	ADP
cjal-9190	477	115	the	the	DET
cjal-9190	477	116	most	most	ADV
cjal-9190	477	117	consistent	consistent	ADJ
cjal-9190	477	118	evidence	evidence	NOUN
cjal-9190	477	119	of	of	ADP
cjal-9190	477	120	this	this	DET
cjal-9190	477	121	effect	effect	NOUN
cjal-9190	477	122	in	in	ADP
cjal-9190	477	123	poes	poe	NOUN
cjal-9190	477	124	(	(	PUNCT
cjal-9190	477	125	and	and	CCONJ
cjal-9190	477	126	sometimes	sometimes	ADV
cjal-9190	477	127	contrary	contrary	ADJ
cjal-9190	477	128	evidence	evidence	NOUN
cjal-9190	477	129	in	in	ADP
cjal-9190	477	130	soes	soe	NOUN
cjal-9190	477	131	)	)	PUNCT
cjal-9190	477	132	.	.	PUNCT
cjal-9190	478	1	hai	hai	PROPN
cjal-9190	478	2	,	,	PUNCT
cjal-9190	478	3	min	min	PROPN
cjal-9190	478	4	,	,	PUNCT
cjal-9190	478	5	and	and	CCONJ
cjal-9190	478	6	barth	barth	NOUN
cjal-9190	478	7	(	(	PUNCT
cjal-9190	478	8	2018	2018	NUM
cjal-9190	478	9	)	)	PUNCT
cjal-9190	478	10	,	,	PUNCT
cjal-9190	478	11	found	find	VERB
cjal-9190	478	12	a	a	DET
cjal-9190	478	13	statistically	statistically	ADV
cjal-9190	478	14	significant	significant	ADJ
cjal-9190	478	15	positive	positive	ADJ
cjal-9190	478	16	relationship	relationship	NOUN
cjal-9190	478	17	between	between	ADP
cjal-9190	478	18	qfii	qfii	ADJ
cjal-9190	478	19	ownership	ownership	NOUN
cjal-9190	478	20	and	and	CCONJ
cjal-9190	478	21	various	various	ADJ
cjal-9190	478	22	measures	measure	NOUN
cjal-9190	478	23	of	of	ADP
cjal-9190	478	24	good	good	ADJ
cjal-9190	478	25	corporate	corporate	ADJ
cjal-9190	478	26	governance	governance	NOUN
cjal-9190	478	27	,	,	PUNCT
cjal-9190	478	28	which	which	PRON
cjal-9190	478	29	suggests	suggest	VERB
cjal-9190	478	30	qfiis	qfiis	NOUN
cjal-9190	478	31	reduce	reduce	VERB
cjal-9190	478	32	agency	agency	NOUN
cjal-9190	478	33	costs.130	costs.130	NOUN
cjal-9190	478	34	however	however	ADV
cjal-9190	478	35	,	,	PUNCT
cjal-9190	478	36	this	this	DET
cjal-9190	478	37	effect	effect	NOUN
cjal-9190	478	38	disappeared	disappear	VERB
cjal-9190	478	39	in	in	ADP
cjal-9190	478	40	soes	soe	NOUN
cjal-9190	478	41	,	,	PUNCT
cjal-9190	478	42	and	and	CCONJ
cjal-9190	478	43	they	they	PRON
cjal-9190	478	44	attributed	attribute	VERB
cjal-9190	478	45	to	to	ADP
cjal-9190	478	46	the	the	DET
cjal-9190	478	47	negative	negative	ADJ
cjal-9190	478	48	effects	effect	NOUN
cjal-9190	478	49	of	of	ADP
cjal-9190	478	50	political	political	ADJ
cjal-9190	478	51	pressure	pressure	NOUN
cjal-9190	478	52	in	in	ADP
cjal-9190	478	53	soes	soe	NOUN
cjal-9190	478	54	on	on	ADP
cjal-9190	478	55	the	the	DET
cjal-9190	478	56	ability	ability	NOUN
cjal-9190	478	57	of	of	ADP
cjal-9190	478	58	qfiis	qfiis	NOUN
cjal-9190	478	59	to	to	PART
cjal-9190	478	60	improve	improve	VERB
cjal-9190	478	61	corporate	corporate	ADJ
cjal-9190	478	62	governance	governance	NOUN
cjal-9190	478	63	.	.	PUNCT
cjal-9190	479	1	131	131	NUM
cjal-9190	479	2	liu	liu	PROPN
cjal-9190	479	3	,	,	PUNCT
cjal-9190	479	4	bredin	bredin	NOUN
cjal-9190	479	5	,	,	PUNCT
cjal-9190	479	6	and	and	CCONJ
cjal-9190	479	7	cao	cao	PROPN
cjal-9190	479	8	(	(	PUNCT
cjal-9190	479	9	2020	2020	NUM
cjal-9190	479	10	)	)	PUNCT
cjal-9190	479	11	,	,	PUNCT
cjal-9190	479	12	found	find	VERB
cjal-9190	479	13	a	a	DET
cjal-9190	479	14	statistically	statistically	ADV
cjal-9190	479	15	significant	significant	ADJ
cjal-9190	479	16	positive	positive	ADJ
cjal-9190	479	17	relationship	relationship	NOUN
cjal-9190	479	18	between	between	ADP
cjal-9190	479	19	the	the	DET
cjal-9190	479	20	presence	presence	NOUN
cjal-9190	479	21	of	of	ADP
cjal-9190	479	22	qfiis	qfiis	NOUN
cjal-9190	479	23	and	and	CCONJ
cjal-9190	479	24	better	well	ADJ
cjal-9190	479	25	operating	operating	NOUN
cjal-9190	479	26	performance	performance	NOUN
cjal-9190	479	27	in	in	ADP
cjal-9190	479	28	a	a	DET
cjal-9190	479	29	-	-	PUNCT
cjal-9190	479	30	shares	share	NOUN
cjal-9190	479	31	companies	company	NOUN
cjal-9190	479	32	,	,	PUNCT
cjal-9190	479	33	with	with	ADP
cjal-9190	479	34	this	this	DET
cjal-9190	479	35	positive	positive	ADJ
cjal-9190	479	36	effect	effect	NOUN
cjal-9190	479	37	less	less	ADV
cjal-9190	479	38	pronounced	pronounce	VERB
cjal-9190	479	39	in	in	ADP
cjal-9190	479	40	soes.132	soes.132	PROPN
cjal-9190	479	41	li	li	PROPN
cjal-9190	479	42	(	(	PUNCT
cjal-9190	479	43	2017	2017	NUM
cjal-9190	479	44	)	)	PUNCT
cjal-9190	479	45	,	,	PUNCT
cjal-9190	479	46	found	find	VERB
cjal-9190	479	47	a	a	DET
cjal-9190	479	48	statistically	statistically	ADV
cjal-9190	479	49	significant	significant	ADJ
cjal-9190	479	50	negative	negative	ADJ
cjal-9190	479	51	relationship	relationship	NOUN
cjal-9190	479	52	between	between	ADP
cjal-9190	479	53	qfii	qfii	ADJ
cjal-9190	479	54	holdings	holding	NOUN
cjal-9190	479	55	and	and	CCONJ
cjal-9190	479	56	wealth	wealth	NOUN
cjal-9190	479	57	tunneling	tunneling	NOUN
cjal-9190	479	58	,	,	PUNCT
cjal-9190	479	59	but	but	CCONJ
cjal-9190	479	60	this	this	DET
cjal-9190	479	61	effect	effect	NOUN
cjal-9190	479	62	was	be	AUX
cjal-9190	479	63	less	less	ADV
cjal-9190	479	64	pronounced	pronounce	VERB
cjal-9190	479	65	in	in	ADP
cjal-9190	479	66	soes	soe	NOUN
cjal-9190	479	67	.	.	PUNCT
cjal-9190	480	1	133	133	NUM
cjal-9190	480	2	lin	lin	PROPN
cjal-9190	480	3	and	and	CCONJ
cjal-9190	480	4	fu	fu	PROPN
cjal-9190	480	5	(	(	PUNCT
cjal-9190	480	6	2017	2017	NUM
cjal-9190	480	7	)	)	PUNCT
cjal-9190	480	8	found	find	VERB
cjal-9190	480	9	statistically	statistically	ADV
cjal-9190	480	10	128	128	NUM
cjal-9190	480	11	it	it	PRON
cjal-9190	480	12	should	should	AUX
cjal-9190	480	13	be	be	AUX
cjal-9190	480	14	noted	note	VERB
cjal-9190	480	15	that	that	SCONJ
cjal-9190	480	16	before	before	ADP
cjal-9190	480	17	the	the	DET
cjal-9190	480	18	split	split	ADJ
cjal-9190	480	19	share	share	NOUN
cjal-9190	480	20	structure	structure	NOUN
cjal-9190	480	21	reform	reform	NOUN
cjal-9190	480	22	in	in	ADP
cjal-9190	480	23	2005	2005	NUM
cjal-9190	480	24	,	,	PUNCT
cjal-9190	480	25	the	the	DET
cjal-9190	480	26	state	state	PROPN
cjal-9190	480	27	council	council	PROPN
cjal-9190	480	28	issued	issue	VERB
cjal-9190	480	29	a	a	DET
cjal-9190	480	30	government	government	NOUN
cjal-9190	480	31	-	-	PUNCT
cjal-9190	480	32	imposed	impose	VERB
cjal-9190	480	33	reform	reform	NOUN
cjal-9190	480	34	plan	plan	NOUN
cjal-9190	480	35	in	in	ADP
cjal-9190	480	36	2001	2001	NUM
cjal-9190	480	37	to	to	PART
cjal-9190	480	38	sell	sell	VERB
cjal-9190	480	39	the	the	DET
cjal-9190	480	40	non	non	ADJ
cjal-9190	480	41	-	-	ADJ
cjal-9190	480	42	tradable	tradable	ADJ
cjal-9190	480	43	shares	share	NOUN
cjal-9190	480	44	at	at	ADP
cjal-9190	480	45	the	the	DET
cjal-9190	480	46	market	market	NOUN
cjal-9190	480	47	price	price	NOUN
cjal-9190	480	48	to	to	PART
cjal-9190	480	49	make	make	VERB
cjal-9190	480	50	them	they	PRON
cjal-9190	480	51	tradable	tradable	ADJ
cjal-9190	480	52	.	.	PUNCT
cjal-9190	481	1	however	however	ADV
cjal-9190	481	2	,	,	PUNCT
cjal-9190	481	3	this	this	DET
cjal-9190	481	4	reform	reform	NOUN
cjal-9190	481	5	was	be	AUX
cjal-9190	481	6	followed	follow	VERB
cjal-9190	481	7	by	by	ADP
cjal-9190	481	8	a	a	DET
cjal-9190	481	9	plunge	plunge	NOUN
cjal-9190	481	10	in	in	ADP
cjal-9190	481	11	the	the	DET
cjal-9190	481	12	share	share	NOUN
cjal-9190	481	13	price	price	NOUN
cjal-9190	481	14	.	.	PUNCT
cjal-9190	482	1	to	to	PART
cjal-9190	482	2	stabilize	stabilize	VERB
cjal-9190	482	3	the	the	DET
cjal-9190	482	4	a	a	DET
cjal-9190	482	5	-	-	PUNCT
cjal-9190	482	6	shares	share	NOUN
cjal-9190	482	7	market	market	NOUN
cjal-9190	482	8	,	,	PUNCT
cjal-9190	482	9	the	the	DET
cjal-9190	482	10	csrc	csrc	NOUN
cjal-9190	482	11	announced	announce	VERB
cjal-9190	482	12	the	the	DET
cjal-9190	482	13	suspension	suspension	NOUN
cjal-9190	482	14	of	of	ADP
cjal-9190	482	15	the	the	DET
cjal-9190	482	16	reform	reform	NOUN
cjal-9190	482	17	.	.	PUNCT
cjal-9190	483	1	in	in	ADP
cjal-9190	483	2	2005	2005	NUM
cjal-9190	483	3	,	,	PUNCT
cjal-9190	483	4	after	after	ADP
cjal-9190	483	5	the	the	DET
cjal-9190	483	6	unsuccessful	unsuccessful	ADJ
cjal-9190	483	7	experience	experience	NOUN
cjal-9190	483	8	of	of	ADP
cjal-9190	483	9	government	government	NOUN
cjal-9190	483	10	-	-	PUNCT
cjal-9190	483	11	imposed	impose	VERB
cjal-9190	483	12	reform	reform	NOUN
cjal-9190	483	13	,	,	PUNCT
cjal-9190	483	14	the	the	DET
cjal-9190	483	15	csrc	csrc	NOUN
cjal-9190	483	16	chose	choose	VERB
cjal-9190	483	17	the	the	DET
cjal-9190	483	18	split	split	ADJ
cjal-9190	483	19	share	share	NOUN
cjal-9190	483	20	structure	structure	NOUN
cjal-9190	483	21	reform	reform	NOUN
cjal-9190	483	22	where	where	SCONJ
cjal-9190	483	23	the	the	DET
cjal-9190	483	24	tradable	tradable	ADJ
cjal-9190	483	25	shareholders	shareholder	NOUN
cjal-9190	483	26	could	could	AUX
cjal-9190	483	27	receive	receive	VERB
cjal-9190	483	28	compensation	compensation	NOUN
cjal-9190	483	29	subject	subject	NOUN
cjal-9190	483	30	to	to	ADP
cjal-9190	483	31	market	market	NOUN
cjal-9190	483	32	forces	force	NOUN
cjal-9190	483	33	.	.	PUNCT
cjal-9190	484	1	see	see	VERB
cjal-9190	484	2	huang	huang	PROPN
cjal-9190	484	3	,	,	PUNCT
cjal-9190	484	4	supra	supra	PROPN
cjal-9190	484	5	note	note	NOUN
cjal-9190	484	6	110	110	NUM
cjal-9190	484	7	.	.	PUNCT
cjal-9190	485	1	129	129	NUM
cjal-9190	485	2	firth	firth	PROPN
cjal-9190	485	3	et	et	PROPN
cjal-9190	485	4	al	al	PROPN
cjal-9190	485	5	.	.	PROPN
cjal-9190	485	6	,	,	PUNCT
cjal-9190	485	7	supra	supra	PROPN
cjal-9190	485	8	note	note	PROPN
cjal-9190	485	9	109	109	NUM
cjal-9190	485	10	,	,	PUNCT
cjal-9190	485	11	at	at	ADP
cjal-9190	485	12	690	690	NUM
cjal-9190	485	13	.	.	NUM
cjal-9190	485	14	130	130	NUM
cjal-9190	485	15	jiang	jiang	PROPN
cjal-9190	485	16	hai	hai	PROPN
cjal-9190	485	17	et	et	PROPN
cjal-9190	485	18	al	al	PROPN
cjal-9190	485	19	.	.	PROPN
cjal-9190	485	20	,	,	PUNCT
cjal-9190	485	21	on	on	ADP
cjal-9190	485	22	foreign	foreign	ADJ
cjal-9190	485	23	shareholders	shareholder	NOUN
cjal-9190	485	24	and	and	CCONJ
cjal-9190	485	25	agency	agency	NOUN
cjal-9190	485	26	costs	cost	NOUN
cjal-9190	485	27	:	:	PUNCT
cjal-9190	485	28	new	new	ADJ
cjal-9190	485	29	evidence	evidence	NOUN
cjal-9190	485	30	from	from	ADP
cjal-9190	485	31	china	china	PROPN
cjal-9190	485	32	,	,	PUNCT
cjal-9190	485	33	54	54	NUM
cjal-9190	485	34	emerg	emerg	NOUN
cjal-9190	485	35	.	.	PUNCT
cjal-9190	486	1	mkt	mkt	PROPN
cjal-9190	486	2	.	.	PUNCT
cjal-9190	487	1	fin	fin	PROPN
cjal-9190	487	2	.	.	PUNCT
cjal-9190	487	3	&	&	CCONJ
cjal-9190	487	4	trade	trade	PROPN
cjal-9190	487	5	2815	2815	NUM
cjal-9190	487	6	,	,	PUNCT
cjal-9190	487	7	2831	2831	NUM
cjal-9190	487	8	(	(	PUNCT
cjal-9190	487	9	2018	2018	NUM
cjal-9190	487	10	)	)	PUNCT
cjal-9190	487	11	.	.	PUNCT
cjal-9190	488	1	131	131	NUM
cjal-9190	489	1	i	i	PRON
cjal-9190	489	2	d.	d.	PROPN
cjal-9190	489	3	at	at	ADP
cjal-9190	489	4	2821	2821	NUM
cjal-9190	489	5	.	.	PUNCT
cjal-9190	490	1	132	132	NUM
cjal-9190	490	2	liu	liu	PROPN
cjal-9190	490	3	et	et	PROPN
cjal-9190	490	4	al	al	PROPN
cjal-9190	490	5	.	.	PROPN
cjal-9190	490	6	,	,	PUNCT
cjal-9190	490	7	supra	supra	PROPN
cjal-9190	490	8	note	note	PROPN
cjal-9190	490	9	58	58	NUM
cjal-9190	490	10	,	,	PUNCT
cjal-9190	490	11	at	at	ADP
cjal-9190	490	12	14	14	NUM
cjal-9190	490	13	.	.	PUNCT
cjal-9190	490	14	133	133	NUM
cjal-9190	490	15	zhengyu	zhengyu	PROPN
cjal-9190	490	16	li	li	PROPN
cjal-9190	490	17	,	,	PUNCT
cjal-9190	490	18	the	the	DET
cjal-9190	490	19	impact	impact	NOUN
cjal-9190	490	20	of	of	ADP
cjal-9190	490	21	qualified	qualified	ADJ
cjal-9190	490	22	foreign	foreign	ADJ
cjal-9190	490	23	institutional	institutional	ADJ
cjal-9190	490	24	investors	investor	NOUN
cjal-9190	490	25	on	on	ADP
cjal-9190	490	26	controlling	control	VERB
cjal-9190	490	27	shareholder	shareholder	NOUN
cjal-9190	490	28	’s	’s	PART
cjal-9190	490	29	tunneling	tunneling	NOUN
cjal-9190	490	30	:	:	PUNCT
cjal-9190	490	31	evidence	evidence	NOUN
cjal-9190	490	32	of	of	ADP
cjal-9190	490	33	listed	list	VERB
cjal-9190	490	34	companies	company	NOUN
cjal-9190	490	35	in	in	ADP
cjal-9190	490	36	china	china	PROPN
cjal-9190	490	37	,	,	PUNCT
cjal-9190	490	38	7	7	NUM
cjal-9190	490	39	am	am	NOUN
cjal-9190	490	40	.	.	PUNCT
cjal-9190	491	1	j.	j.	PROPN
cjal-9190	491	2	indus	indus	PROPN
cjal-9190	491	3	.	.	PUNCT
cjal-9190	491	4	&	&	CCONJ
cjal-9190	491	5	bus	bus	PROPN
cjal-9190	491	6	.	.	PUNCT
cjal-9190	492	1	mgmt	mgmt	PROPN
cjal-9190	492	2	.	.	PUNCT
cjal-9190	493	1	522	522	NUM
cjal-9190	493	2	,	,	PUNCT
cjal-9190	493	3	534	534	NUM
cjal-9190	493	4	(	(	PUNCT
cjal-9190	493	5	2017	2017	NUM
cjal-9190	493	6	)	)	PUNCT
cjal-9190	493	7	.	.	PUNCT
cjal-9190	494	1	2022	2022	NUM
cjal-9190	494	2	]	]	PUNCT
cjal-9190	494	3	columbia	columbia	PROPN
cjal-9190	494	4	journal	journal	PROPN
cjal-9190	494	5	of	of	ADP
cjal-9190	494	6	asian	asian	ADJ
cjal-9190	494	7	law	law	NOUN
cjal-9190	494	8	113	113	NUM
cjal-9190	494	9	significant	significant	ADJ
cjal-9190	494	10	empirical	empirical	ADJ
cjal-9190	494	11	evidence	evidence	NOUN
cjal-9190	494	12	demonstrating	demonstrate	VERB
cjal-9190	494	13	that	that	SCONJ
cjal-9190	494	14	institutional	institutional	ADJ
cjal-9190	494	15	investor	investor	NOUN
cjal-9190	494	16	ownership	ownership	NOUN
cjal-9190	494	17	positively	positively	ADV
cjal-9190	494	18	affects	affect	VERB
cjal-9190	494	19	the	the	DET
cjal-9190	494	20	performance	performance	NOUN
cjal-9190	494	21	of	of	ADP
cjal-9190	494	22	a	a	DET
cjal-9190	494	23	-	-	PUNCT
cjal-9190	494	24	shares	share	NOUN
cjal-9190	494	25	companies	company	NOUN
cjal-9190	494	26	—	—	PUNCT
cjal-9190	494	27	with	with	ADP
cjal-9190	494	28	pressure	pressure	NOUN
cjal-9190	494	29	-	-	PUNCT
cjal-9190	494	30	insensitive	insensitive	ADJ
cjal-9190	494	31	,	,	PUNCT
cjal-9190	494	32	foreign	foreign	ADJ
cjal-9190	494	33	,	,	PUNCT
cjal-9190	494	34	and	and	CCONJ
cjal-9190	494	35	large	large	ADJ
cjal-9190	494	36	institutional	institutional	ADJ
cjal-9190	494	37	shareholders	shareholder	NOUN
cjal-9190	494	38	having	have	VERB
cjal-9190	494	39	greater	great	ADJ
cjal-9190	494	40	positive	positive	ADJ
cjal-9190	494	41	effects	effect	NOUN
cjal-9190	494	42	on	on	ADP
cjal-9190	494	43	firm	firm	ADJ
cjal-9190	494	44	performance	performance	NOUN
cjal-9190	494	45	than	than	ADP
cjal-9190	494	46	pressure	pressure	NOUN
cjal-9190	494	47	-	-	PUNCT
cjal-9190	494	48	sensitive	sensitive	ADJ
cjal-9190	494	49	,	,	PUNCT
cjal-9190	494	50	domestic	domestic	ADJ
cjal-9190	494	51	,	,	PUNCT
cjal-9190	494	52	and	and	CCONJ
cjal-9190	494	53	small	small	ADJ
cjal-9190	494	54	institutional	institutional	ADJ
cjal-9190	494	55	shareholders.134	shareholders.134	PROPN
cjal-9190	494	56	liu	liu	PROPN
cjal-9190	494	57	et	et	PROPN
cjal-9190	494	58	al	al	PROPN
cjal-9190	494	59	.	.	PROPN
cjal-9190	495	1	(	(	PUNCT
cjal-9190	495	2	2018	2018	NUM
cjal-9190	495	3	)	)	PUNCT
cjal-9190	495	4	,	,	PUNCT
cjal-9190	495	5	found	find	VERB
cjal-9190	495	6	statistically	statistically	ADV
cjal-9190	495	7	significant	significant	ADJ
cjal-9190	495	8	strong	strong	ADJ
cjal-9190	495	9	empirical	empirical	ADJ
cjal-9190	495	10	evidence	evidence	NOUN
cjal-9190	495	11	that	that	SCONJ
cjal-9190	495	12	qfii	qfii	ADJ
cjal-9190	495	13	and	and	CCONJ
cjal-9190	495	14	sif	sif	ADJ
cjal-9190	495	15	ownership	ownership	NOUN
cjal-9190	495	16	significantly	significantly	ADV
cjal-9190	495	17	improve	improve	VERB
cjal-9190	495	18	corporate	corporate	ADJ
cjal-9190	495	19	transparency	transparency	NOUN
cjal-9190	495	20	and	and	CCONJ
cjal-9190	495	21	governance.135	governance.135	NOUN
cjal-9190	495	22	taken	take	VERB
cjal-9190	495	23	together	together	ADV
cjal-9190	495	24	,	,	PUNCT
cjal-9190	495	25	this	this	DET
cjal-9190	495	26	set	set	NOUN
cjal-9190	495	27	of	of	ADP
cjal-9190	495	28	empirical	empirical	ADJ
cjal-9190	495	29	evidence	evidence	NOUN
cjal-9190	495	30	seems	seem	VERB
cjal-9190	495	31	to	to	PART
cjal-9190	495	32	suggest	suggest	VERB
cjal-9190	495	33	that	that	SCONJ
cjal-9190	495	34	foreign	foreign	ADJ
cjal-9190	495	35	institutional	institutional	ADJ
cjal-9190	495	36	investors	investor	NOUN
cjal-9190	495	37	have	have	VERB
cjal-9190	495	38	a	a	DET
cjal-9190	495	39	positive	positive	ADJ
cjal-9190	495	40	impact	impact	NOUN
cjal-9190	495	41	on	on	ADP
cjal-9190	495	42	corporate	corporate	ADJ
cjal-9190	495	43	governance	governance	NOUN
cjal-9190	495	44	in	in	ADP
cjal-9190	495	45	a	a	DET
cjal-9190	495	46	-	-	PUNCT
cjal-9190	495	47	shares	share	NOUN
cjal-9190	495	48	companies	company	NOUN
cjal-9190	495	49	—	—	PUNCT
cjal-9190	495	50	especially	especially	ADV
cjal-9190	495	51	in	in	ADP
cjal-9190	495	52	poes	poe	NOUN
cjal-9190	495	53	.	.	PUNCT
cjal-9190	496	1	it	it	PRON
cjal-9190	496	2	also	also	ADV
cjal-9190	496	3	suggests	suggest	VERB
cjal-9190	496	4	that	that	SCONJ
cjal-9190	496	5	understanding	understand	VERB
cjal-9190	496	6	the	the	DET
cjal-9190	496	7	role	role	NOUN
cjal-9190	496	8	played	play	VERB
cjal-9190	496	9	by	by	ADP
cjal-9190	496	10	the	the	DET
cjal-9190	496	11	state	state	NOUN
cjal-9190	496	12	is	be	AUX
cjal-9190	496	13	critically	critically	ADV
cjal-9190	496	14	important	important	ADJ
cjal-9190	496	15	for	for	ADP
cjal-9190	496	16	understanding	understand	VERB
cjal-9190	496	17	the	the	DET
cjal-9190	496	18	impact	impact	NOUN
cjal-9190	496	19	of	of	ADP
cjal-9190	496	20	institutional	institutional	ADJ
cjal-9190	496	21	shareholders	shareholder	NOUN
cjal-9190	496	22	in	in	ADP
cjal-9190	496	23	china	china	PROPN
cjal-9190	496	24	—	—	PUNCT
cjal-9190	496	25	as	as	SCONJ
cjal-9190	496	26	the	the	DET
cjal-9190	496	27	positive	positive	ADJ
cjal-9190	496	28	corporate	corporate	ADJ
cjal-9190	496	29	governance	governance	NOUN
cjal-9190	496	30	impact	impact	NOUN
cjal-9190	496	31	of	of	ADP
cjal-9190	496	32	foreign	foreign	ADJ
cjal-9190	496	33	institutional	institutional	ADJ
cjal-9190	496	34	investors	investor	NOUN
cjal-9190	496	35	seems	seem	VERB
cjal-9190	496	36	to	to	PART
cjal-9190	496	37	be	be	AUX
cjal-9190	496	38	negatively	negatively	ADV
cjal-9190	496	39	affected	affect	VERB
cjal-9190	496	40	in	in	ADP
cjal-9190	496	41	soes	soe	NOUN
cjal-9190	496	42	where	where	SCONJ
cjal-9190	496	43	the	the	DET
cjal-9190	496	44	state	state	NOUN
cjal-9190	496	45	is	be	AUX
cjal-9190	496	46	the	the	DET
cjal-9190	496	47	controlling	control	VERB
cjal-9190	496	48	shareholder	shareholder	NOUN
cjal-9190	496	49	.	.	PUNCT
cjal-9190	497	1	however	however	ADV
cjal-9190	497	2	,	,	PUNCT
cjal-9190	497	3	as	as	SCONJ
cjal-9190	497	4	shown	show	VERB
cjal-9190	497	5	in	in	ADP
cjal-9190	497	6	part	part	NOUN
cjal-9190	497	7	ii	ii	PROPN
cjal-9190	497	8	and	and	CCONJ
cjal-9190	497	9	acknowledged	acknowledge	VERB
cjal-9190	497	10	in	in	ADP
cjal-9190	497	11	several	several	ADJ
cjal-9190	497	12	of	of	ADP
cjal-9190	497	13	these	these	DET
cjal-9190	497	14	studies,136	studies,136	ADJ
cjal-9190	497	15	foreign	foreign	ADJ
cjal-9190	497	16	institutional	institutional	ADJ
cjal-9190	497	17	investors	investor	NOUN
cjal-9190	497	18	collectively	collectively	ADV
cjal-9190	497	19	,	,	PUNCT
cjal-9190	497	20	on	on	ADP
cjal-9190	497	21	average	average	ADJ
cjal-9190	497	22	,	,	PUNCT
cjal-9190	497	23	have	have	AUX
cjal-9190	497	24	only	only	ADV
cjal-9190	497	25	accounted	account	VERB
cjal-9190	497	26	for	for	ADP
cjal-9190	497	27	between	between	ADP
cjal-9190	497	28	approximately	approximately	ADV
cjal-9190	497	29	1	1	NUM
cjal-9190	497	30	%	%	NOUN
cjal-9190	497	31	to	to	PART
cjal-9190	497	32	3	3	NUM
cjal-9190	497	33	%	%	NOUN
cjal-9190	497	34	of	of	ADP
cjal-9190	497	35	a	a	DET
cjal-9190	497	36	-	-	PUNCT
cjal-9190	497	37	shares	share	NOUN
cjal-9190	497	38	market	market	NOUN
cjal-9190	497	39	capitalization	capitalization	NOUN
cjal-9190	497	40	over	over	ADP
cjal-9190	497	41	the	the	DET
cjal-9190	497	42	past	past	ADJ
cjal-9190	497	43	two	two	NUM
cjal-9190	497	44	decades	decade	NOUN
cjal-9190	497	45	,	,	PUNCT
cjal-9190	497	46	which	which	PRON
cjal-9190	497	47	makes	make	VERB
cjal-9190	497	48	the	the	DET
cjal-9190	497	49	consistent	consistent	ADJ
cjal-9190	497	50	empirical	empirical	ADJ
cjal-9190	497	51	evidence	evidence	NOUN
cjal-9190	497	52	of	of	ADP
cjal-9190	497	53	their	their	PRON
cjal-9190	497	54	positive	positive	ADJ
cjal-9190	497	55	impact	impact	NOUN
cjal-9190	497	56	on	on	ADP
cjal-9190	497	57	corporate	corporate	ADJ
cjal-9190	497	58	governance	governance	NOUN
cjal-9190	497	59	somewhat	somewhat	ADV
cjal-9190	497	60	puzzling	puzzling	ADJ
cjal-9190	497	61	.	.	PUNCT
cjal-9190	498	1	also	also	ADV
cjal-9190	498	2	,	,	PUNCT
cjal-9190	498	3	similar	similar	ADJ
cjal-9190	498	4	to	to	ADP
cjal-9190	498	5	our	our	PRON
cjal-9190	498	6	observation	observation	NOUN
cjal-9190	498	7	regarding	regard	VERB
cjal-9190	498	8	the	the	DET
cjal-9190	498	9	empirical	empirical	ADJ
cjal-9190	498	10	evidence	evidence	NOUN
cjal-9190	498	11	that	that	SCONJ
cjal-9190	498	12	domestic	domestic	ADJ
cjal-9190	498	13	sifs	sif	NOUN
cjal-9190	498	14	have	have	AUX
cjal-9190	498	15	a	a	DET
cjal-9190	498	16	positive	positive	ADJ
cjal-9190	498	17	impact	impact	NOUN
cjal-9190	498	18	on	on	ADP
cjal-9190	498	19	corporate	corporate	ADJ
cjal-9190	498	20	governance	governance	NOUN
cjal-9190	498	21	,	,	PUNCT
cjal-9190	498	22	the	the	DET
cjal-9190	498	23	fact	fact	NOUN
cjal-9190	498	24	that	that	SCONJ
cjal-9190	498	25	foreign	foreign	ADJ
cjal-9190	498	26	institutional	institutional	ADJ
cjal-9190	498	27	investors	investor	NOUN
cjal-9190	498	28	are	be	AUX
cjal-9190	498	29	likely	likely	ADJ
cjal-9190	498	30	to	to	PART
cjal-9190	498	31	invest	invest	VERB
cjal-9190	498	32	in	in	ADP
cjal-9190	498	33	companies	company	NOUN
cjal-9190	498	34	that	that	PRON
cjal-9190	498	35	have	have	VERB
cjal-9190	498	36	better	well	ADJ
cjal-9190	498	37	corporate	corporate	ADJ
cjal-9190	498	38	governance	governance	NOUN
cjal-9190	498	39	,	,	PUNCT
cjal-9190	498	40	raises	raise	VERB
cjal-9190	498	41	the	the	DET
cjal-9190	498	42	possibility	possibility	NOUN
cjal-9190	498	43	that	that	SCONJ
cjal-9190	498	44	these	these	DET
cjal-9190	498	45	studies	study	NOUN
cjal-9190	498	46	are	be	AUX
cjal-9190	498	47	confounded	confound	VERB
cjal-9190	498	48	by	by	ADP
cjal-9190	498	49	reverse	reverse	ADJ
cjal-9190	498	50	causality	causality	NOUN
cjal-9190	498	51	.	.	PUNCT
cjal-9190	499	1	the	the	DET
cjal-9190	499	2	opacity	opacity	NOUN
cjal-9190	499	3	of	of	ADP
cjal-9190	499	4	exactly	exactly	ADV
cjal-9190	499	5	how	how	SCONJ
cjal-9190	499	6	foreign	foreign	ADJ
cjal-9190	499	7	institutional	institutional	ADJ
cjal-9190	499	8	investors	investor	NOUN
cjal-9190	499	9	may	may	AUX
cjal-9190	499	10	exercise	exercise	VERB
cjal-9190	499	11	their	their	PRON
cjal-9190	499	12	minority	minority	NOUN
cjal-9190	499	13	power	power	NOUN
cjal-9190	499	14	to	to	PART
cjal-9190	499	15	have	have	VERB
cjal-9190	499	16	a	a	DET
cjal-9190	499	17	statistically	statistically	ADV
cjal-9190	499	18	significant	significant	ADJ
cjal-9190	499	19	impact	impact	NOUN
cjal-9190	499	20	on	on	ADP
cjal-9190	499	21	corporate	corporate	ADJ
cjal-9190	499	22	governance	governance	NOUN
cjal-9190	499	23	highlights	highlight	NOUN
cjal-9190	499	24	an	an	DET
cjal-9190	499	25	issue	issue	NOUN
cjal-9190	499	26	that	that	PRON
cjal-9190	499	27	cuts	cut	VERB
cjal-9190	499	28	across	across	ADP
cjal-9190	499	29	all	all	DET
cjal-9190	499	30	types	type	NOUN
cjal-9190	499	31	of	of	ADP
cjal-9190	499	32	institutional	institutional	ADJ
cjal-9190	499	33	investors	investor	NOUN
cjal-9190	499	34	in	in	ADP
cjal-9190	499	35	the	the	DET
cjal-9190	499	36	a	a	DET
cjal-9190	499	37	-	-	PUNCT
cjal-9190	499	38	shares	share	NOUN
cjal-9190	499	39	market	market	NOUN
cjal-9190	499	40	.	.	PUNCT
cjal-9190	500	1	as	as	SCONJ
cjal-9190	500	2	explained	explain	VERB
cjal-9190	500	3	in	in	ADP
cjal-9190	500	4	part	part	PROPN
cjal-9190	500	5	ii	ii	PROPN
cjal-9190	500	6	,	,	PUNCT
cjal-9190	500	7	although	although	SCONJ
cjal-9190	500	8	there	there	PRON
cjal-9190	500	9	has	have	AUX
cjal-9190	500	10	been	be	AUX
cjal-9190	500	11	a	a	DET
cjal-9190	500	12	meteoric	meteoric	ADJ
cjal-9190	500	13	rise	rise	NOUN
cjal-9190	500	14	in	in	ADP
cjal-9190	500	15	the	the	DET
cjal-9190	500	16	overall	overall	ADJ
cjal-9190	500	17	percentage	percentage	NOUN
cjal-9190	500	18	of	of	ADP
cjal-9190	500	19	institutional	institutional	ADJ
cjal-9190	500	20	investors	investor	NOUN
cjal-9190	500	21	in	in	ADP
cjal-9190	500	22	the	the	DET
cjal-9190	500	23	a	a	DET
cjal-9190	500	24	-	-	PUNCT
cjal-9190	500	25	shares	share	NOUN
cjal-9190	500	26	market	market	NOUN
cjal-9190	500	27	from	from	ADP
cjal-9190	500	28	1.4	1.4	NUM
cjal-9190	500	29	%	%	NOUN
cjal-9190	500	30	in	in	ADP
cjal-9190	500	31	2003	2003	NUM
cjal-9190	500	32	to	to	ADP
cjal-9190	500	33	18.7	18.7	NUM
cjal-9190	500	34	%	%	NOUN
cjal-9190	500	35	in	in	ADP
cjal-9190	500	36	2018	2018	NUM
cjal-9190	500	37	137	137	NUM
cjal-9190	500	38	,	,	PUNCT
cjal-9190	500	39	collectively	collectively	ADV
cjal-9190	500	40	they	they	PRON
cjal-9190	500	41	still	still	ADV
cjal-9190	500	42	,	,	PUNCT
cjal-9190	500	43	on	on	ADP
cjal-9190	500	44	average	average	ADJ
cjal-9190	500	45	,	,	PUNCT
cjal-9190	500	46	make	make	VERB
cjal-9190	500	47	up	up	ADP
cjal-9190	500	48	a	a	DET
cjal-9190	500	49	minority	minority	NOUN
cjal-9190	500	50	of	of	ADP
cjal-9190	500	51	shareholders	shareholder	NOUN
cjal-9190	500	52	in	in	ADP
cjal-9190	500	53	a	a	DET
cjal-9190	500	54	-	-	PUNCT
cjal-9190	500	55	shares	share	NOUN
cjal-9190	500	56	companies	company	NOUN
cjal-9190	500	57	—	—	PUNCT
cjal-9190	500	58	and	and	CCONJ
cjal-9190	500	59	most	most	ADJ
cjal-9190	500	60	a	a	DET
cjal-9190	500	61	-	-	PUNCT
cjal-9190	500	62	shares	share	NOUN
cjal-9190	500	63	companies	company	NOUN
cjal-9190	500	64	have	have	VERB
cjal-9190	500	65	a	a	DET
cjal-9190	500	66	dominant	dominant	ADJ
cjal-9190	500	67	controlling	control	VERB
cjal-9190	500	68	shareholder	shareholder	NOUN
cjal-9190	500	69	.	.	PUNCT
cjal-9190	501	1	this	this	PRON
cjal-9190	501	2	raises	raise	VERB
cjal-9190	501	3	the	the	DET
cjal-9190	501	4	question	question	NOUN
cjal-9190	501	5	of	of	ADP
cjal-9190	501	6	exactly	exactly	ADV
cjal-9190	501	7	how	how	SCONJ
cjal-9190	501	8	institutional	institutional	ADJ
cjal-9190	501	9	investors	investor	NOUN
cjal-9190	501	10	have	have	AUX
cjal-9190	501	11	exercised	exercise	VERB
cjal-9190	501	12	their	their	PRON
cjal-9190	501	13	power	power	NOUN
cjal-9190	501	14	to	to	PART
cjal-9190	501	15	impact	impact	VERB
cjal-9190	501	16	corporate	corporate	ADJ
cjal-9190	501	17	governance	governance	NOUN
cjal-9190	501	18	in	in	ADP
cjal-9190	501	19	a	a	DET
cjal-9190	501	20	-	-	PUNCT
cjal-9190	501	21	shares	share	NOUN
cjal-9190	501	22	companies	company	NOUN
cjal-9190	501	23	.	.	PUNCT
cjal-9190	502	1	134	134	NUM
cjal-9190	502	2	lin	lin	PROPN
cjal-9190	502	3	&	&	CCONJ
cjal-9190	502	4	fu	fu	PROPN
cjal-9190	502	5	,	,	PUNCT
cjal-9190	502	6	supra	supra	PROPN
cjal-9190	502	7	note	note	NOUN
cjal-9190	502	8	96	96	NUM
cjal-9190	502	9	,	,	PUNCT
cjal-9190	502	10	at	at	ADP
cjal-9190	502	11	54	54	NUM
cjal-9190	502	12	(	(	PUNCT
cjal-9190	502	13	i.e.	i.e.	X
cjal-9190	502	14	,	,	PUNCT
cjal-9190	502	15	institutional	institutional	ADJ
cjal-9190	502	16	investors	investor	NOUN
cjal-9190	502	17	lacking	lack	VERB
cjal-9190	502	18	a	a	DET
cjal-9190	502	19	business	business	NOUN
cjal-9190	502	20	relationship	relationship	NOUN
cjal-9190	502	21	with	with	ADP
cjal-9190	502	22	the	the	DET
cjal-9190	502	23	investee	investee	NOUN
cjal-9190	502	24	company	company	NOUN
cjal-9190	502	25	)	)	PUNCT
cjal-9190	502	26	.	.	PUNCT
cjal-9190	503	1	135	135	NUM
cjal-9190	503	2	ningyue	ningyue	PROPN
cjal-9190	503	3	liu	liu	PROPN
cjal-9190	503	4	et	et	PROPN
cjal-9190	503	5	al	al	PROPN
cjal-9190	503	6	.	.	PROPN
cjal-9190	503	7	,	,	PUNCT
cjal-9190	503	8	institutional	institutional	ADJ
cjal-9190	503	9	ownership	ownership	NOUN
cjal-9190	503	10	and	and	CCONJ
cjal-9190	503	11	corporate	corporate	ADJ
cjal-9190	503	12	transparency	transparency	NOUN
cjal-9190	503	13	in	in	ADP
cjal-9190	503	14	china	china	PROPN
cjal-9190	503	15	,	,	PUNCT
cjal-9190	503	16	24	24	NUM
cjal-9190	503	17	fin	fin	NOUN
cjal-9190	503	18	.	.	PUNCT
cjal-9190	504	1	res	re	NOUN
cjal-9190	504	2	.	.	PUNCT
cjal-9190	505	1	letters	letter	NOUN
cjal-9190	505	2	328	328	NUM
cjal-9190	505	3	,	,	PUNCT
cjal-9190	505	4	332	332	NUM
cjal-9190	505	5	(	(	PUNCT
cjal-9190	505	6	2018	2018	NUM
cjal-9190	505	7	)	)	PUNCT
cjal-9190	505	8	.	.	PUNCT
cjal-9190	506	1	136	136	NUM
cjal-9190	506	2	liu	liu	PROPN
cjal-9190	506	3	et	et	PROPN
cjal-9190	506	4	al	al	PROPN
cjal-9190	506	5	.	.	PROPN
cjal-9190	506	6	,	,	PUNCT
cjal-9190	506	7	supra	supra	PROPN
cjal-9190	506	8	note	note	PROPN
cjal-9190	506	9	58	58	NUM
cjal-9190	506	10	,	,	PUNCT
cjal-9190	506	11	at	at	ADP
cjal-9190	506	12	14	14	NUM
cjal-9190	506	13	;	;	PUNCT
cjal-9190	506	14	lin	lin	PROPN
cjal-9190	506	15	&	&	CCONJ
cjal-9190	506	16	fu	fu	PROPN
cjal-9190	506	17	,	,	PUNCT
cjal-9190	506	18	supra	supra	PROPN
cjal-9190	506	19	note	note	NOUN
cjal-9190	506	20	96	96	NUM
cjal-9190	506	21	,	,	PUNCT
cjal-9190	506	22	at	at	ADP
cjal-9190	506	23	17	17	NUM
cjal-9190	506	24	.	.	PUNCT
cjal-9190	506	25	137	137	NUM
cjal-9190	506	26	see	see	VERB
cjal-9190	506	27	supra	supra	PROPN
cjal-9190	506	28	part	part	PROPN
cjal-9190	506	29	ii	ii	PROPN
cjal-9190	506	30	.	.	PROPN
cjal-9190	506	31	114	114	NUM
cjal-9190	506	32	institutional	institutional	ADJ
cjal-9190	506	33	investors	investor	NOUN
cjal-9190	506	34	in	in	ADP
cjal-9190	506	35	china	china	PROPN
cjal-9190	507	1	[	[	X
cjal-9190	507	2	vol	vol	NOUN
cjal-9190	507	3	.	.	PUNCT
cjal-9190	507	4	35	35	NUM
cjal-9190	507	5	:	:	SYM
cjal-9190	507	6	74	74	NUM
cjal-9190	507	7	to	to	PART
cjal-9190	507	8	shed	shed	VERB
cjal-9190	507	9	some	some	DET
cjal-9190	507	10	light	light	NOUN
cjal-9190	507	11	on	on	ADP
cjal-9190	507	12	this	this	DET
cjal-9190	507	13	question	question	NOUN
cjal-9190	507	14	,	,	PUNCT
cjal-9190	507	15	we	we	PRON
cjal-9190	507	16	now	now	ADV
cjal-9190	507	17	consider	consider	VERB
cjal-9190	507	18	our	our	PRON
cjal-9190	507	19	individual	individual	ADJ
cjal-9190	507	20	hand	hand	NOUN
cjal-9190	507	21	-	-	PUNCT
cjal-9190	507	22	collected	collect	VERB
cjal-9190	507	23	case	case	NOUN
cjal-9190	507	24	studies	study	NOUN
cjal-9190	507	25	that	that	PRON
cjal-9190	507	26	provide	provide	VERB
cjal-9190	507	27	a	a	DET
cjal-9190	507	28	window	window	NOUN
cjal-9190	507	29	into	into	ADP
cjal-9190	507	30	exactly	exactly	ADV
cjal-9190	507	31	how	how	SCONJ
cjal-9190	507	32	institutional	institutional	ADJ
cjal-9190	507	33	investors	investor	NOUN
cjal-9190	507	34	have	have	AUX
cjal-9190	507	35	had	have	AUX
cjal-9190	507	36	an	an	DET
cjal-9190	507	37	impact	impact	NOUN
cjal-9190	507	38	on	on	ADP
cjal-9190	507	39	the	the	DET
cjal-9190	507	40	corporate	corporate	ADJ
cjal-9190	507	41	governance	governance	NOUN
cjal-9190	507	42	of	of	ADP
cjal-9190	507	43	a	a	DET
cjal-9190	507	44	-	-	PUNCT
cjal-9190	507	45	shares	share	NOUN
cjal-9190	507	46	companies	company	NOUN
cjal-9190	507	47	.	.	PUNCT
cjal-9190	508	1	c.	c.	PROPN
cjal-9190	508	2	activist	activist	NOUN
cjal-9190	508	3	campaigns	campaign	NOUN
cjal-9190	508	4	:	:	PUNCT
cjal-9190	508	5	how	how	SCONJ
cjal-9190	508	6	institutional	institutional	ADJ
cjal-9190	508	7	investors	investor	NOUN
cjal-9190	508	8	as	as	SCONJ
cjal-9190	508	9	minority	minority	NOUN
cjal-9190	508	10	shareholders	shareholder	NOUN
cjal-9190	508	11	impact	impact	VERB
cjal-9190	508	12	corporate	corporate	ADJ
cjal-9190	508	13	governance	governance	NOUN
cjal-9190	508	14	in	in	ADP
cjal-9190	508	15	china	china	PROPN
cjal-9190	508	16	to	to	PART
cjal-9190	508	17	gain	gain	VERB
cjal-9190	508	18	a	a	DET
cjal-9190	508	19	better	well	ADJ
cjal-9190	508	20	understanding	understanding	NOUN
cjal-9190	508	21	of	of	ADP
cjal-9190	508	22	how	how	SCONJ
cjal-9190	508	23	institutional	institutional	ADJ
cjal-9190	508	24	investors	investor	NOUN
cjal-9190	508	25	may	may	AUX
cjal-9190	508	26	be	be	AUX
cjal-9190	508	27	having	have	VERB
cjal-9190	508	28	an	an	DET
cjal-9190	508	29	impact	impact	NOUN
cjal-9190	508	30	on	on	ADP
cjal-9190	508	31	the	the	DET
cjal-9190	508	32	corporate	corporate	ADJ
cjal-9190	508	33	governance	governance	NOUN
cjal-9190	508	34	in	in	ADP
cjal-9190	508	35	a	a	DET
cjal-9190	508	36	-	-	PUNCT
cjal-9190	508	37	shares	share	NOUN
cjal-9190	508	38	companies	company	NOUN
cjal-9190	508	39	,	,	PUNCT
cjal-9190	508	40	we	we	PRON
cjal-9190	508	41	undertook	undertake	VERB
cjal-9190	508	42	an	an	DET
cjal-9190	508	43	extensive	extensive	ADJ
cjal-9190	508	44	search	search	NOUN
cjal-9190	508	45	using	use	VERB
cjal-9190	508	46	chinese	chinese	ADJ
cjal-9190	508	47	and	and	CCONJ
cjal-9190	508	48	english	english	ADJ
cjal-9190	508	49	language	language	NOUN
cjal-9190	508	50	sources	source	NOUN
cjal-9190	508	51	to	to	PART
cjal-9190	508	52	attempt	attempt	VERB
cjal-9190	508	53	to	to	PART
cjal-9190	508	54	locate	locate	VERB
cjal-9190	508	55	all	all	DET
cjal-9190	508	56	the	the	DET
cjal-9190	508	57	reported	report	VERB
cjal-9190	508	58	representative	representative	ADJ
cjal-9190	508	59	instances	instance	NOUN
cjal-9190	508	60	in	in	ADP
cjal-9190	508	61	which	which	PRON
cjal-9190	508	62	institutional	institutional	ADJ
cjal-9190	508	63	investors	investor	NOUN
cjal-9190	508	64	have	have	AUX
cjal-9190	508	65	taken	take	VERB
cjal-9190	508	66	steps	step	NOUN
cjal-9190	508	67	to	to	PART
cjal-9190	508	68	intervene	intervene	VERB
cjal-9190	508	69	in	in	ADP
cjal-9190	508	70	the	the	DET
cjal-9190	508	71	corporate	corporate	ADJ
cjal-9190	508	72	governance	governance	NOUN
cjal-9190	508	73	of	of	ADP
cjal-9190	508	74	a	a	DET
cjal-9190	508	75	-	-	PUNCT
cjal-9190	508	76	shares	share	NOUN
cjal-9190	508	77	companies	company	NOUN
cjal-9190	508	78	(	(	PUNCT
cjal-9190	508	79	activist	activist	NOUN
cjal-9190	508	80	campaigns).138	campaigns).138	PROPN
cjal-9190	508	81	based	base	VERB
cjal-9190	508	82	on	on	ADP
cjal-9190	508	83	our	our	PRON
cjal-9190	508	84	detailed	detailed	ADJ
cjal-9190	508	85	review	review	NOUN
cjal-9190	508	86	of	of	ADP
cjal-9190	508	87	all	all	PRON
cjal-9190	508	88	of	of	ADP
cjal-9190	508	89	the	the	DET
cjal-9190	508	90	reported	report	VERB
cjal-9190	508	91	representative	representative	ADJ
cjal-9190	508	92	activist	activist	NOUN
cjal-9190	508	93	campaigns	campaign	NOUN
cjal-9190	508	94	that	that	SCONJ
cjal-9190	508	95	we	we	PRON
cjal-9190	508	96	could	could	AUX
cjal-9190	508	97	locate	locate	VERB
cjal-9190	508	98	,	,	PUNCT
cjal-9190	508	99	a	a	DET
cjal-9190	508	100	summary	summary	NOUN
cjal-9190	508	101	of	of	ADP
cjal-9190	508	102	which	which	PRON
cjal-9190	508	103	is	be	AUX
cjal-9190	508	104	in	in	ADP
cjal-9190	508	105	appendix	appendix	NOUN
cjal-9190	508	106	2	2	NUM
cjal-9190	508	107	below	below	ADV
cjal-9190	508	108	,	,	PUNCT
cjal-9190	508	109	they	they	PRON
cjal-9190	508	110	reveal	reveal	VERB
cjal-9190	508	111	six	six	NUM
cjal-9190	508	112	important	important	ADJ
cjal-9190	508	113	insights	insight	NOUN
cjal-9190	508	114	about	about	ADP
cjal-9190	508	115	how	how	SCONJ
cjal-9190	508	116	institutional	institutional	ADJ
cjal-9190	508	117	investors	investor	NOUN
cjal-9190	508	118	in	in	ADP
cjal-9190	508	119	china	china	PROPN
cjal-9190	508	120	have	have	AUX
cjal-9190	508	121	had	have	AUX
cjal-9190	508	122	an	an	DET
cjal-9190	508	123	impact	impact	NOUN
cjal-9190	508	124	on	on	ADP
cjal-9190	508	125	corporate	corporate	ADJ
cjal-9190	508	126	governance	governance	NOUN
cjal-9190	508	127	.	.	PUNCT
cjal-9190	509	1	first	first	ADV
cjal-9190	509	2	,	,	PUNCT
cjal-9190	509	3	institutional	institutional	ADJ
cjal-9190	509	4	investors	investor	NOUN
cjal-9190	509	5	have	have	AUX
cjal-9190	509	6	not	not	PART
cjal-9190	509	7	used	use	VERB
cjal-9190	509	8	activist	activist	ADJ
cjal-9190	509	9	campaigns	campaign	NOUN
cjal-9190	509	10	to	to	PART
cjal-9190	509	11	intervene	intervene	VERB
cjal-9190	509	12	in	in	ADP
cjal-9190	509	13	the	the	DET
cjal-9190	509	14	corporate	corporate	ADJ
cjal-9190	509	15	governance	governance	NOUN
cjal-9190	509	16	of	of	ADP
cjal-9190	509	17	a	a	DET
cjal-9190	509	18	-	-	PUNCT
cjal-9190	509	19	shares	share	NOUN
cjal-9190	509	20	companies	company	NOUN
cjal-9190	509	21	very	very	ADV
cjal-9190	509	22	often	often	ADV
cjal-9190	509	23	.	.	PUNCT
cjal-9190	510	1	as	as	SCONJ
cjal-9190	510	2	shown	show	VERB
cjal-9190	510	3	in	in	ADP
cjal-9190	510	4	appendix	appendix	NOUN
cjal-9190	510	5	2	2	NUM
cjal-9190	510	6	,	,	PUNCT
cjal-9190	510	7	from	from	ADP
cjal-9190	510	8	1994	1994	NUM
cjal-9190	510	9	to	to	ADP
cjal-9190	510	10	2021	2021	NUM
cjal-9190	510	11	,	,	PUNCT
cjal-9190	510	12	there	there	PRON
cjal-9190	510	13	were	be	VERB
cjal-9190	510	14	only	only	ADV
cjal-9190	510	15	43	43	NUM
cjal-9190	510	16	activist	activist	ADJ
cjal-9190	510	17	campaigns	campaign	NOUN
cjal-9190	510	18	,	,	PUNCT
cjal-9190	510	19	which	which	PRON
cjal-9190	510	20	on	on	ADP
cjal-9190	510	21	average	average	ADJ
cjal-9190	510	22	amounts	amount	NOUN
cjal-9190	510	23	to	to	ADP
cjal-9190	510	24	1.54	1.54	NUM
cjal-9190	510	25	campaigns	campaign	NOUN
cjal-9190	510	26	per	per	ADP
cjal-9190	510	27	year	year	NOUN
cjal-9190	510	28	.	.	PUNCT
cjal-9190	511	1	by	by	ADP
cjal-9190	511	2	comparison	comparison	NOUN
cjal-9190	511	3	,	,	PUNCT
cjal-9190	511	4	from	from	ADP
cjal-9190	511	5	2018	2018	NUM
cjal-9190	511	6	to	to	ADP
cjal-9190	511	7	2020	2020	NUM
cjal-9190	511	8	,	,	PUNCT
cjal-9190	511	9	there	there	PRON
cjal-9190	511	10	were	be	VERB
cjal-9190	511	11	116	116	NUM
cjal-9190	511	12	activist	activist	ADJ
cjal-9190	511	13	campaigns	campaign	NOUN
cjal-9190	511	14	per	per	ADP
cjal-9190	511	15	year	year	NOUN
cjal-9190	511	16	in	in	ADP
cjal-9190	511	17	the	the	DET
cjal-9190	511	18	united	united	PROPN
cjal-9190	511	19	states	states	PROPN
cjal-9190	511	20	.	.	PUNCT
cjal-9190	512	1	139	139	NUM
cjal-9190	512	2	this	this	DET
cjal-9190	512	3	stark	stark	ADJ
cjal-9190	512	4	difference	difference	NOUN
cjal-9190	512	5	138	138	NUM
cjal-9190	512	6	to	to	PART
cjal-9190	512	7	attempt	attempt	VERB
cjal-9190	512	8	to	to	PART
cjal-9190	512	9	locate	locate	VERB
cjal-9190	512	10	all	all	DET
cjal-9190	512	11	reported	report	VERB
cjal-9190	512	12	instances	instance	NOUN
cjal-9190	512	13	in	in	ADP
cjal-9190	512	14	which	which	PRON
cjal-9190	512	15	institutional	institutional	ADJ
cjal-9190	512	16	investors	investor	NOUN
cjal-9190	512	17	have	have	AUX
cjal-9190	512	18	taken	take	VERB
cjal-9190	512	19	steps	step	NOUN
cjal-9190	512	20	to	to	PART
cjal-9190	512	21	intervene	intervene	VERB
cjal-9190	512	22	in	in	ADP
cjal-9190	512	23	the	the	DET
cjal-9190	512	24	corporate	corporate	ADJ
cjal-9190	512	25	governance	governance	NOUN
cjal-9190	512	26	of	of	ADP
cjal-9190	512	27	a	a	DET
cjal-9190	512	28	-	-	PUNCT
cjal-9190	512	29	shares	share	NOUN
cjal-9190	512	30	companies	company	NOUN
cjal-9190	512	31	,	,	PUNCT
cjal-9190	512	32	we	we	PRON
cjal-9190	512	33	took	take	VERB
cjal-9190	512	34	the	the	DET
cjal-9190	512	35	following	following	ADJ
cjal-9190	512	36	steps	step	NOUN
cjal-9190	512	37	:	:	PUNCT
cjal-9190	512	38	for	for	ADP
cjal-9190	512	39	activist	activist	ADJ
cjal-9190	512	40	campaigns	campaign	NOUN
cjal-9190	512	41	that	that	PRON
cjal-9190	512	42	occurred	occur	VERB
cjal-9190	512	43	from	from	ADP
cjal-9190	512	44	1994	1994	NUM
cjal-9190	512	45	to	to	ADP
cjal-9190	512	46	2015	2015	NUM
cjal-9190	512	47	,	,	PUNCT
cjal-9190	512	48	we	we	PRON
cjal-9190	512	49	extracted	extract	VERB
cjal-9190	512	50	the	the	DET
cjal-9190	512	51	information	information	NOUN
cjal-9190	512	52	about	about	ADP
cjal-9190	512	53	activist	activist	ADJ
cjal-9190	512	54	campaigns	campaign	NOUN
cjal-9190	512	55	from	from	ADP
cjal-9190	512	56	a	a	DET
cjal-9190	512	57	research	research	NOUN
cjal-9190	512	58	report	report	NOUN
cjal-9190	512	59	prepared	prepare	VERB
cjal-9190	512	60	by	by	ADP
cjal-9190	512	61	the	the	DET
cjal-9190	512	62	shanghai	shanghai	PROPN
cjal-9190	512	63	stock	stock	PROPN
cjal-9190	512	64	exchange	exchange	PROPN
cjal-9190	512	65	,	,	PUNCT
cjal-9190	512	66	which	which	PRON
cjal-9190	512	67	is	be	AUX
cjal-9190	512	68	considered	consider	VERB
cjal-9190	512	69	to	to	PART
cjal-9190	512	70	be	be	AUX
cjal-9190	512	71	the	the	DET
cjal-9190	512	72	most	most	ADV
cjal-9190	512	73	accurate	accurate	ADJ
cjal-9190	512	74	record	record	NOUN
cjal-9190	512	75	of	of	ADP
cjal-9190	512	76	activist	activist	ADJ
cjal-9190	512	77	campaigns	campaign	NOUN
cjal-9190	512	78	for	for	ADP
cjal-9190	512	79	this	this	DET
cjal-9190	512	80	period	period	NOUN
cjal-9190	512	81	:	:	PUNCT
cjal-9190	513	1	xinchun	xinchun	PROPN
cjal-9190	513	2	wu	wu	PROPN
cjal-9190	513	3	,	,	PUNCT
cjal-9190	513	4	dali	dali	PROPN
cjal-9190	513	5	tuijin	tuijin	PROPN
cjal-9190	513	6	jigou	jigou	PROPN
cjal-9190	513	7	touzi	touzi	PROPN
cjal-9190	513	8	zhe	zhe	PROPN
cjal-9190	513	9	canyu	canyu	PROPN
cjal-9190	513	10	shangshi	shangshi	VERB
cjal-9190	513	11	gongsi	gongsi	ADJ
cjal-9190	513	12	zhili	zhili	NOUN
cjal-9190	513	13	(	(	PUNCT
cjal-9190	513	14	大力推进机构投资者参与上市公司治理	大力推进机构投资者参与上市公司治理	NOUN
cjal-9190	513	15	)	)	PUNCT
cjal-9190	514	1	[	[	X
cjal-9190	514	2	vigorously	vigorously	ADV
cjal-9190	514	3	promoting	promote	VERB
cjal-9190	514	4	institutional	institutional	ADJ
cjal-9190	514	5	investors	investor	NOUN
cjal-9190	514	6	'	'	PART
cjal-9190	514	7	participation	participation	NOUN
cjal-9190	514	8	in	in	ADP
cjal-9190	514	9	the	the	DET
cjal-9190	514	10	governance	governance	NOUN
cjal-9190	514	11	of	of	ADP
cjal-9190	514	12	listed	list	VERB
cjal-9190	514	13	companies	company	NOUN
cjal-9190	514	14	]	]	PUNCT
cjal-9190	514	15	,	,	PUNCT
cjal-9190	514	16	shanghai	shanghai	PROPN
cjal-9190	514	17	stock	stock	PROPN
cjal-9190	514	18	exchange	exchange	PROPN
cjal-9190	514	19	capital	capital	PROPN
cjal-9190	514	20	market	market	PROPN
cjal-9190	514	21	research	research	PROPN
cjal-9190	514	22	institute	institute	PROPN
cjal-9190	514	23	(	(	PUNCT
cjal-9190	514	24	2015	2015	NUM
cjal-9190	514	25	)	)	PUNCT
cjal-9190	514	26	,	,	PUNCT
cjal-9190	514	27	http://www.sse.com.cn/aboutus/research/research/c/3986593.pdf	http://www.sse.com.cn/aboutus/research/research/c/3986593.pdf	NOUN
cjal-9190	514	28	.	.	PUNCT
cjal-9190	515	1	in	in	ADP
cjal-9190	515	2	june	june	PROPN
cjal-9190	515	3	2021	2021	NUM
cjal-9190	515	4	,	,	PUNCT
cjal-9190	515	5	for	for	ADP
cjal-9190	515	6	activist	activist	ADJ
cjal-9190	515	7	campaigns	campaign	NOUN
cjal-9190	515	8	that	that	PRON
cjal-9190	515	9	occurred	occur	VERB
cjal-9190	515	10	from	from	ADP
cjal-9190	515	11	2016	2016	NUM
cjal-9190	515	12	to	to	ADP
cjal-9190	515	13	2021	2021	NUM
cjal-9190	515	14	,	,	PUNCT
cjal-9190	515	15	we	we	PRON
cjal-9190	515	16	searched	search	VERB
cjal-9190	515	17	in	in	ADP
cjal-9190	515	18	chinese	chinese	PROPN
cjal-9190	515	19	and	and	CCONJ
cjal-9190	515	20	english	english	PROPN
cjal-9190	515	21	on	on	ADP
cjal-9190	515	22	the	the	DET
cjal-9190	515	23	internet	internet	NOUN
cjal-9190	515	24	for	for	ADP
cjal-9190	515	25	activist	activist	ADJ
cjal-9190	515	26	campaigns	campaign	NOUN
cjal-9190	515	27	involving	involve	VERB
cjal-9190	515	28	institutional	institutional	ADJ
cjal-9190	515	29	investors	investor	NOUN
cjal-9190	515	30	.	.	PUNCT
cjal-9190	516	1	we	we	PRON
cjal-9190	516	2	used	use	VERB
cjal-9190	516	3	several	several	ADJ
cjal-9190	516	4	search	search	NOUN
cjal-9190	516	5	engines	engine	NOUN
cjal-9190	516	6	and	and	CCONJ
cjal-9190	516	7	library	library	NOUN
cjal-9190	516	8	databases	database	NOUN
cjal-9190	516	9	for	for	ADP
cjal-9190	516	10	our	our	PRON
cjal-9190	516	11	searches	search	NOUN
cjal-9190	516	12	which	which	PRON
cjal-9190	516	13	used	use	VERB
cjal-9190	516	14	a	a	DET
cjal-9190	516	15	variety	variety	NOUN
cjal-9190	516	16	of	of	ADP
cjal-9190	516	17	key	key	ADJ
cjal-9190	516	18	words	word	NOUN
cjal-9190	516	19	including	include	VERB
cjal-9190	516	20	:	:	PUNCT
cjal-9190	516	21	“	"	PUNCT
cjal-9190	516	22	activist	activist	ADJ
cjal-9190	516	23	shareholder	shareholder	NOUN
cjal-9190	516	24	campaigns	campaign	NOUN
cjal-9190	516	25	”	"	PUNCT
cjal-9190	516	26	(	(	PUNCT
cjal-9190	516	27	“	"	PUNCT
cjal-9190	516	28	激	激	PROPN
cjal-9190	516	29	进股东活动	进股东活动	NOUN
cjal-9190	516	30	”	"	PUNCT
cjal-9190	516	31	)	)	PUNCT
cjal-9190	516	32	,	,	PUNCT
cjal-9190	516	33	“	"	PUNCT
cjal-9190	516	34	shareholder	shareholder	NOUN
cjal-9190	516	35	activism	activism	NOUN
cjal-9190	516	36	”	"	PUNCT
cjal-9190	516	37	(	(	PUNCT
cjal-9190	516	38	“	"	PUNCT
cjal-9190	516	39	股东激进主义	股东激进主义	NOUN
cjal-9190	516	40	”	"	PUNCT
cjal-9190	516	41	)	)	PUNCT
cjal-9190	516	42	,	,	PUNCT
cjal-9190	516	43	“	"	PUNCT
cjal-9190	516	44	institutional	institutional	ADJ
cjal-9190	516	45	investor	investor	NOUN
cjal-9190	516	46	activism	activism	NOUN
cjal-9190	516	47	”	"	PUNCT
cjal-9190	516	48	(	(	PUNCT
cjal-9190	516	49	“	"	PUNCT
cjal-9190	516	50	机构投资者激进主义	机构投资者激进主义	NOUN
cjal-9190	516	51	”	"	PUNCT
cjal-9190	516	52	)	)	PUNCT
cjal-9190	516	53	,	,	PUNCT
cjal-9190	516	54	“	"	PUNCT
cjal-9190	516	55	institutional	institutional	ADJ
cjal-9190	516	56	shareholder	shareholder	NOUN
cjal-9190	516	57	activism	activism	NOUN
cjal-9190	516	58	”	"	PUNCT
cjal-9190	516	59	(	(	PUNCT
cjal-9190	516	60	“	"	PUNCT
cjal-9190	516	61	机构股	机构股	VERB
cjal-9190	516	62	东	东	X
cjal-9190	516	63	激	激	PROPN
cjal-9190	516	64	进	进	ADP
cjal-9190	516	65	主	主	X
cjal-9190	516	66	义	义	NOUN
cjal-9190	516	67	”	"	PUNCT
cjal-9190	516	68	)	)	PUNCT
cjal-9190	516	69	,	,	PUNCT
cjal-9190	516	70	“	"	PUNCT
cjal-9190	516	71	institutional	institutional	ADJ
cjal-9190	516	72	shareholder	shareholder	NOUN
cjal-9190	516	73	lawsuits	lawsuit	NOUN
cjal-9190	516	74	”	"	PUNCT
cjal-9190	516	75	(	(	PUNCT
cjal-9190	516	76	“	"	PUNCT
cjal-9190	516	77	机	机	PROPN
cjal-9190	516	78	构	构	X
cjal-9190	516	79	股	股	PRON
cjal-9190	516	80	东	东	X
cjal-9190	516	81	诉	诉	X
cjal-9190	516	82	讼	讼	PROPN
cjal-9190	516	83	”	"	PUNCT
cjal-9190	516	84	)	)	PUNCT
cjal-9190	516	85	,	,	PUNCT
cjal-9190	516	86	“	"	PUNCT
cjal-9190	516	87	institutional	institutional	ADJ
cjal-9190	516	88	shareholder	shareholder	NOUN
cjal-9190	516	89	veto	veto	NOUN
cjal-9190	516	90	”	"	PUNCT
cjal-9190	516	91	(	(	PUNCT
cjal-9190	516	92	“	"	PUNCT
cjal-9190	516	93	机构股东否决	机构股东否决	NOUN
cjal-9190	516	94	”	"	PUNCT
cjal-9190	516	95	)	)	PUNCT
cjal-9190	516	96	,	,	PUNCT
cjal-9190	516	97	and	and	CCONJ
cjal-9190	516	98	“	"	PUNCT
cjal-9190	516	99	institutional	institutional	ADJ
cjal-9190	516	100	shareholder	shareholder	NOUN
cjal-9190	516	101	proposals	proposal	NOUN
cjal-9190	516	102	”	"	PUNCT
cjal-9190	516	103	(	(	PUNCT
cjal-9190	516	104	“	"	PUNCT
cjal-9190	516	105	机构股东提议	机构股东提议	PROPN
cjal-9190	516	106	”	"	PUNCT
cjal-9190	516	107	)	)	PUNCT
cjal-9190	516	108	.	.	PUNCT
cjal-9190	517	1	139	139	NUM
cjal-9190	517	2	lazard	lazard	ADJ
cjal-9190	517	3	,	,	PUNCT
cjal-9190	517	4	2018	2018	NUM
cjal-9190	517	5	review	review	NOUN
cjal-9190	517	6	of	of	ADP
cjal-9190	517	7	shareholder	shareholder	NOUN
cjal-9190	517	8	activism	activism	NOUN
cjal-9190	517	9	,	,	PUNCT
cjal-9190	517	10	at	at	ADP
cjal-9190	517	11	12	12	NUM
cjal-9190	517	12	(	(	PUNCT
cjal-9190	517	13	2018	2018	NUM
cjal-9190	517	14	)	)	PUNCT
cjal-9190	517	15	,	,	PUNCT
cjal-9190	517	16	https://www.lazard.com/media/450805/lazards-2018-review-of-shareholder	https://www.lazard.com/media/450805/lazards-2018-review-of-shareholder	NOUN
cjal-9190	517	17	2022	2022	NUM
cjal-9190	517	18	]	]	PUNCT
cjal-9190	517	19	columbia	columbia	PROPN
cjal-9190	517	20	journal	journal	PROPN
cjal-9190	517	21	of	of	ADP
cjal-9190	517	22	asian	asian	ADJ
cjal-9190	517	23	law	law	NOUN
cjal-9190	517	24	115	115	NUM
cjal-9190	517	25	between	between	ADP
cjal-9190	517	26	chinese	chinese	ADJ
cjal-9190	517	27	and	and	CCONJ
cjal-9190	517	28	american	american	ADJ
cjal-9190	517	29	corporate	corporate	ADJ
cjal-9190	517	30	governance	governance	NOUN
cjal-9190	517	31	is	be	AUX
cjal-9190	517	32	unsurprising	unsurprising	ADJ
cjal-9190	517	33	considering	consider	VERB
cjal-9190	517	34	that	that	SCONJ
cjal-9190	517	35	most	most	ADJ
cjal-9190	517	36	a	a	DET
cjal-9190	517	37	-	-	PUNCT
cjal-9190	517	38	shares	share	NOUN
cjal-9190	517	39	companies	company	NOUN
cjal-9190	517	40	have	have	VERB
cjal-9190	517	41	a	a	DET
cjal-9190	517	42	dominant	dominant	ADJ
cjal-9190	517	43	controlling	control	VERB
cjal-9190	517	44	shareholder	shareholder	NOUN
cjal-9190	517	45	and	and	CCONJ
cjal-9190	517	46	institutional	institutional	ADJ
cjal-9190	517	47	investors	investor	NOUN
cjal-9190	517	48	normally	normally	ADV
cjal-9190	517	49	are	be	AUX
cjal-9190	517	50	small	small	ADJ
cjal-9190	517	51	minority	minority	NOUN
cjal-9190	517	52	shareholders	shareholder	NOUN
cjal-9190	517	53	—	—	PUNCT
cjal-9190	517	54	the	the	DET
cjal-9190	517	55	opposite	opposite	NOUN
cjal-9190	517	56	to	to	ADP
cjal-9190	517	57	the	the	DET
cjal-9190	517	58	united	united	PROPN
cjal-9190	517	59	states	states	PROPN
cjal-9190	517	60	where	where	SCONJ
cjal-9190	517	61	institutional	institutional	ADJ
cjal-9190	517	62	shareholders	shareholder	NOUN
cjal-9190	517	63	hold	hold	VERB
cjal-9190	517	64	80	80	NUM
cjal-9190	517	65	%	%	NOUN
cjal-9190	517	66	of	of	ADP
cjal-9190	517	67	shares	share	NOUN
cjal-9190	517	68	in	in	ADP
cjal-9190	517	69	listed	list	VERB
cjal-9190	517	70	companies	company	NOUN
cjal-9190	517	71	and	and	CCONJ
cjal-9190	517	72	the	the	DET
cjal-9190	517	73	vast	vast	ADJ
cjal-9190	517	74	majority	majority	NOUN
cjal-9190	517	75	of	of	ADP
cjal-9190	517	76	listed	list	VERB
cjal-9190	517	77	companies	company	NOUN
cjal-9190	517	78	lack	lack	VERB
cjal-9190	517	79	a	a	DET
cjal-9190	517	80	dominant	dominant	ADJ
cjal-9190	517	81	controlling	control	VERB
cjal-9190	517	82	shareholder	shareholder	NOUN
cjal-9190	517	83	.	.	PUNCT
cjal-9190	518	1	140	140	NUM
cjal-9190	518	2	the	the	DET
cjal-9190	518	3	ability	ability	NOUN
cjal-9190	518	4	of	of	ADP
cjal-9190	518	5	institutional	institutional	ADJ
cjal-9190	518	6	investors	investor	NOUN
cjal-9190	518	7	to	to	PART
cjal-9190	518	8	engage	engage	VERB
cjal-9190	518	9	in	in	ADP
cjal-9190	518	10	shareholder	shareholder	NOUN
cjal-9190	518	11	activism	activism	NOUN
cjal-9190	518	12	is	be	AUX
cjal-9190	518	13	significantly	significantly	ADV
cjal-9190	518	14	curtailed	curtail	VERB
cjal-9190	518	15	when	when	SCONJ
cjal-9190	518	16	they	they	PRON
cjal-9190	518	17	are	be	AUX
cjal-9190	518	18	a	a	DET
cjal-9190	518	19	small	small	ADJ
cjal-9190	518	20	minority	minority	NOUN
cjal-9190	518	21	shareholder	shareholder	NOUN
cjal-9190	518	22	in	in	ADP
cjal-9190	518	23	a	a	DET
cjal-9190	518	24	company	company	NOUN
cjal-9190	518	25	with	with	ADP
cjal-9190	518	26	a	a	DET
cjal-9190	518	27	dominant	dominant	ADJ
cjal-9190	518	28	controlling	control	VERB
cjal-9190	518	29	shareholder.141	shareholder.141	NOUN
cjal-9190	518	30	as	as	ADP
cjal-9190	518	31	such	such	ADJ
cjal-9190	518	32	,	,	PUNCT
cjal-9190	518	33	it	it	PRON
cjal-9190	518	34	is	be	AUX
cjal-9190	518	35	unsurprising	unsurprising	ADJ
cjal-9190	518	36	that	that	SCONJ
cjal-9190	518	37	our	our	PRON
cjal-9190	518	38	review	review	NOUN
cjal-9190	518	39	of	of	ADP
cjal-9190	518	40	the	the	DET
cjal-9190	518	41	43	43	NUM
cjal-9190	518	42	activist	activist	ADJ
cjal-9190	518	43	campaigns	campaign	NOUN
cjal-9190	518	44	revealed	reveal	VERB
cjal-9190	518	45	that	that	SCONJ
cjal-9190	518	46	they	they	PRON
cjal-9190	518	47	targeted	target	VERB
cjal-9190	518	48	a	a	DET
cjal-9190	518	49	-	-	PUNCT
cjal-9190	518	50	shares	share	NOUN
cjal-9190	518	51	companies	company	NOUN
cjal-9190	518	52	which	which	PRON
cjal-9190	518	53	were	be	AUX
cjal-9190	518	54	corporate	corporate	ADJ
cjal-9190	518	55	governance	governance	NOUN
cjal-9190	518	56	outliers	outlier	NOUN
cjal-9190	518	57	:	:	PUNCT
cjal-9190	518	58	76.7	76.7	NUM
cjal-9190	518	59	%	%	NOUN
cjal-9190	518	60	of	of	ADP
cjal-9190	518	61	companies	company	NOUN
cjal-9190	518	62	did	do	AUX
cjal-9190	518	63	not	not	PART
cjal-9190	518	64	have	have	VERB
cjal-9190	518	65	a	a	DET
cjal-9190	518	66	dominant	dominant	ADJ
cjal-9190	518	67	controlling	control	VERB
cjal-9190	518	68	shareholder	shareholder	NOUN
cjal-9190	518	69	and	and	CCONJ
cjal-9190	518	70	62.8	62.8	NUM
cjal-9190	518	71	%	%	NOUN
cjal-9190	518	72	of	of	ADP
cjal-9190	518	73	institutional	institutional	ADJ
cjal-9190	518	74	investors	investor	NOUN
cjal-9190	518	75	involved	involve	VERB
cjal-9190	518	76	in	in	ADP
cjal-9190	518	77	the	the	DET
cjal-9190	518	78	campaigns	campaign	NOUN
cjal-9190	518	79	owned	own	VERB
cjal-9190	518	80	more	more	ADJ
cjal-9190	518	81	than	than	ADP
cjal-9190	518	82	5	5	NUM
cjal-9190	518	83	%	%	NOUN
cjal-9190	518	84	of	of	ADP
cjal-9190	518	85	the	the	DET
cjal-9190	518	86	company	company	NOUN
cjal-9190	518	87	’s	’s	PART
cjal-9190	518	88	shares.142	shares.142	PROPN
cjal-9190	518	89	although	although	SCONJ
cjal-9190	518	90	,	,	PUNCT
cjal-9190	518	91	at	at	ADP
cjal-9190	518	92	the	the	DET
cjal-9190	518	93	earlier	early	ADJ
cjal-9190	518	94	stage	stage	NOUN
cjal-9190	518	95	of	of	ADP
cjal-9190	518	96	the	the	DET
cjal-9190	518	97	development	development	NOUN
cjal-9190	518	98	of	of	ADP
cjal-9190	518	99	the	the	DET
cjal-9190	518	100	a	a	DET
cjal-9190	518	101	-	-	PUNCT
cjal-9190	518	102	shares	share	NOUN
cjal-9190	518	103	market	market	NOUN
cjal-9190	518	104	,	,	PUNCT
cjal-9190	518	105	most	most	ADJ
cjal-9190	518	106	of	of	ADP
cjal-9190	518	107	the	the	DET
cjal-9190	518	108	listed	list	VERB
cjal-9190	518	109	companies	company	NOUN
cjal-9190	518	110	were	be	AUX
cjal-9190	518	111	soes,143	soes,143	PROPN
cjal-9190	518	112	dispersedly	dispersedly	NOUN
cjal-9190	518	113	held	hold	VERB
cjal-9190	518	114	a	a	DET
cjal-9190	518	115	-	-	PUNCT
cjal-9190	518	116	shares	share	NOUN
cjal-9190	518	117	companies	company	NOUN
cjal-9190	518	118	without	without	ADP
cjal-9190	518	119	a	a	DET
cjal-9190	518	120	dominant	dominant	ADJ
cjal-9190	518	121	controlling	control	VERB
cjal-9190	518	122	shareholder	shareholder	NOUN
cjal-9190	518	123	are	be	AUX
cjal-9190	518	124	becoming	become	VERB
cjal-9190	518	125	more	more	ADV
cjal-9190	518	126	common	common	ADJ
cjal-9190	518	127	.	.	PUNCT
cjal-9190	519	1	this	this	PRON
cjal-9190	519	2	suggests	suggest	VERB
cjal-9190	519	3	that	that	SCONJ
cjal-9190	519	4	there	there	PRON
cjal-9190	519	5	may	may	AUX
cjal-9190	519	6	be	be	AUX
cjal-9190	519	7	more	more	ADJ
cjal-9190	519	8	activist	activist	ADJ
cjal-9190	519	9	campaigns	campaign	NOUN
cjal-9190	519	10	by	by	ADP
cjal-9190	519	11	institutional	institutional	ADJ
cjal-9190	519	12	shareholders	shareholder	NOUN
cjal-9190	519	13	in	in	ADP
cjal-9190	519	14	a	a	DET
cjal-9190	519	15	-	-	PUNCT
cjal-9190	519	16	shares	share	NOUN
cjal-9190	519	17	companies	company	NOUN
cjal-9190	519	18	in	in	ADP
cjal-9190	519	19	the	the	DET
cjal-9190	519	20	future	future	NOUN
cjal-9190	519	21	.	.	PUNCT
cjal-9190	520	1	this	this	PRON
cjal-9190	520	2	may	may	AUX
cjal-9190	520	3	explain	explain	VERB
cjal-9190	520	4	why	why	SCONJ
cjal-9190	520	5	,	,	PUNCT
cjal-9190	520	6	as	as	SCONJ
cjal-9190	520	7	shown	show	VERB
cjal-9190	520	8	in	in	ADP
cjal-9190	520	9	appendix	appendix	NOUN
cjal-9190	520	10	2	2	NUM
cjal-9190	520	11	,	,	PUNCT
cjal-9190	520	12	there	there	PRON
cjal-9190	520	13	were	be	VERB
cjal-9190	520	14	more	more	ADJ
cjal-9190	520	15	than	than	ADP
cjal-9190	520	16	three	three	NUM
cjal-9190	520	17	times	time	NOUN
cjal-9190	520	18	as	as	ADP
cjal-9190	520	19	many	many	ADJ
cjal-9190	520	20	activist	activist	ADJ
cjal-9190	520	21	campaigns	campaign	NOUN
cjal-9190	520	22	from	from	ADP
cjal-9190	520	23	2011	2011	NUM
cjal-9190	520	24	to	to	ADP
cjal-9190	520	25	2021	2021	NUM
cjal-9190	520	26	than	than	SCONJ
cjal-9190	520	27	there	there	PRON
cjal-9190	520	28	were	be	VERB
cjal-9190	520	29	from	from	ADP
cjal-9190	520	30	2000	2000	NUM
cjal-9190	520	31	to	to	ADP
cjal-9190	520	32	2010	2010	NUM
cjal-9190	520	33	—	—	PUNCT
cjal-9190	520	34	as	as	SCONJ
cjal-9190	520	35	a	a	DET
cjal-9190	520	36	-	-	PUNCT
cjal-9190	520	37	shares	share	NOUN
cjal-9190	520	38	companies	company	NOUN
cjal-9190	520	39	have	have	AUX
cjal-9190	520	40	become	become	AUX
cjal-9190	520	41	more	more	ADV
cjal-9190	520	42	dispersedly	dispersedly	ADV
cjal-9190	520	43	held	hold	VERB
cjal-9190	520	44	over	over	ADP
cjal-9190	520	45	the	the	DET
cjal-9190	520	46	past	past	ADJ
cjal-9190	520	47	decade	decade	NOUN
cjal-9190	520	48	.	.	PUNCT
cjal-9190	521	1	second	second	ADJ
cjal-9190	521	2	,	,	PUNCT
cjal-9190	521	3	activist	activist	ADJ
cjal-9190	521	4	campaigns	campaign	NOUN
cjal-9190	521	5	by	by	ADP
cjal-9190	521	6	foiis	foiis	PROPN
cjal-9190	521	7	are	be	AUX
cjal-9190	521	8	extremely	extremely	ADV
cjal-9190	521	9	rare	rare	ADJ
cjal-9190	521	10	.	.	PUNCT
cjal-9190	522	1	based	base	VERB
cjal-9190	522	2	on	on	ADP
cjal-9190	522	3	appendix	appendix	NOUN
cjal-9190	522	4	2	2	NUM
cjal-9190	522	5	,	,	PUNCT
cjal-9190	522	6	only	only	ADV
cjal-9190	522	7	2	2	NUM
cjal-9190	522	8	out	out	ADP
cjal-9190	522	9	of	of	ADP
cjal-9190	522	10	the	the	DET
cjal-9190	522	11	43	43	NUM
cjal-9190	522	12	activist	activist	ADJ
cjal-9190	522	13	campaigns	campaign	NOUN
cjal-9190	522	14	involved	involve	VERB
cjal-9190	522	15	foiis	foiis	NOUN
cjal-9190	522	16	and	and	CCONJ
cjal-9190	522	17	in	in	ADP
cjal-9190	522	18	1	1	NUM
cjal-9190	522	19	out	out	ADP
cjal-9190	522	20	of	of	ADP
cjal-9190	522	21	the	the	DET
cjal-9190	522	22	2	2	NUM
cjal-9190	522	23	activist	activist	ADJ
cjal-9190	522	24	campaigns	campaign	NOUN
cjal-9190	522	25	involving	involve	VERB
cjal-9190	522	26	foiis	foiis	NOUN
cjal-9190	522	27	,	,	PUNCT
cjal-9190	522	28	the	the	DET
cjal-9190	522	29	foii	foii	NOUN
cjal-9190	522	30	joined	join	VERB
cjal-9190	522	31	with	with	ADP
cjal-9190	522	32	a	a	DET
cjal-9190	522	33	poii	poii	NOUN
cjal-9190	522	34	to	to	PART
cjal-9190	522	35	undertake	undertake	VERB
cjal-9190	522	36	the	the	DET
cjal-9190	522	37	campaign	campaign	NOUN
cjal-9190	522	38	.	.	PUNCT
cjal-9190	523	1	based	base	VERB
cjal-9190	523	2	on	on	ADP
cjal-9190	523	3	the	the	DET
cjal-9190	523	4	search	search	NOUN
cjal-9190	523	5	we	we	PRON
cjal-9190	523	6	conducted	conduct	VERB
cjal-9190	523	7	to	to	PART
cjal-9190	523	8	create	create	VERB
cjal-9190	523	9	appendix	appendix	NOUN
cjal-9190	523	10	2	2	NUM
cjal-9190	523	11	,	,	PUNCT
cjal-9190	523	12	we	we	PRON
cjal-9190	523	13	could	could	AUX
cjal-9190	523	14	not	not	PART
cjal-9190	523	15	find	find	VERB
cjal-9190	523	16	even	even	ADV
cjal-9190	523	17	a	a	DET
cjal-9190	523	18	single	single	ADJ
cjal-9190	523	19	activist	activist	NOUN
cjal-9190	523	20	campaign	campaign	NOUN
cjal-9190	523	21	involving	involve	VERB
cjal-9190	523	22	an	an	DET
cjal-9190	523	23	foii	foii	NOUN
cjal-9190	523	24	after	after	ADP
cjal-9190	523	25	2012	2012	NUM
cjal-9190	523	26	.	.	PUNCT
cjal-9190	524	1	this	this	PRON
cjal-9190	524	2	is	be	AUX
cjal-9190	524	3	unsurprising	unsurprising	ADJ
cjal-9190	524	4	considering	consider	VERB
cjal-9190	524	5	that	that	SCONJ
cjal-9190	524	6	,	,	PUNCT
cjal-9190	524	7	as	as	SCONJ
cjal-9190	524	8	highlighted	highlight	VERB
cjal-9190	524	9	in	in	ADP
cjal-9190	524	10	part	part	PROPN
cjal-9190	524	11	ii	ii	PROPN
cjal-9190	524	12	,	,	PUNCT
cjal-9190	524	13	foreign	foreign	ADJ
cjal-9190	524	14	institutional	institutional	ADJ
cjal-9190	524	15	investors	investor	NOUN
cjal-9190	524	16	did	do	AUX
cjal-9190	524	17	not	not	PART
cjal-9190	524	18	hold	hold	VERB
cjal-9190	524	19	any	any	DET
cjal-9190	524	20	meaningful	meaningful	ADJ
cjal-9190	524	21	percentage	percentage	NOUN
cjal-9190	524	22	of	of	ADP
cjal-9190	524	23	ashares	ashare	NOUN
cjal-9190	524	24	companies	company	NOUN
cjal-9190	524	25	until	until	ADP
cjal-9190	524	26	2007	2007	NUM
cjal-9190	524	27	and	and	CCONJ
cjal-9190	524	28	since	since	SCONJ
cjal-9190	524	29	then	then	ADV
cjal-9190	524	30	they	they	PRON
cjal-9190	524	31	have	have	AUX
cjal-9190	524	32	held	hold	VERB
cjal-9190	524	33	only	only	ADV
cjal-9190	524	34	between	between	ADP
cjal-9190	524	35	1	1	NUM
cjal-9190	524	36	%	%	NOUN
cjal-9190	524	37	to	to	PART
cjal-9190	524	38	3	3	NUM
cjal-9190	524	39	%	%	NOUN
cjal-9190	524	40	of	of	ADP
cjal-9190	524	41	the	the	DET
cjal-9190	524	42	shareholder	shareholder	NOUN
cjal-9190	524	43	capitalization	capitalization	NOUN
cjal-9190	524	44	of	of	ADP
cjal-9190	524	45	a	a	DET
cjal-9190	524	46	-	-	PUNCT
cjal-9190	524	47	shares	share	NOUN
cjal-9190	524	48	activism.pdf	activism.pdf	NOUN
cjal-9190	524	49	;	;	PUNCT
cjal-9190	524	50	lazard	lazard	PROPN
cjal-9190	524	51	,	,	PUNCT
cjal-9190	524	52	2019	2019	NUM
cjal-9190	524	53	review	review	NOUN
cjal-9190	524	54	of	of	ADP
cjal-9190	524	55	shareholder	shareholder	NOUN
cjal-9190	524	56	activism	activism	NOUN
cjal-9190	524	57	,	,	PUNCT
cjal-9190	524	58	at	at	ADP
cjal-9190	524	59	8	8	NUM
cjal-9190	524	60	(	(	PUNCT
cjal-9190	524	61	2019	2019	NUM
cjal-9190	524	62	)	)	PUNCT
cjal-9190	524	63	,	,	PUNCT
cjal-9190	524	64	https://www.lazard.com/media/451141/lazards-2019-review-of-shareholderactivism-vf.pdf	https://www.lazard.com/media/451141/lazards-2019-review-of-shareholderactivism-vf.pdf	PROPN
cjal-9190	524	65	;	;	PUNCT
cjal-9190	524	66	lazard	lazard	PROPN
cjal-9190	524	67	,	,	PUNCT
cjal-9190	524	68	2020	2020	NUM
cjal-9190	524	69	review	review	NOUN
cjal-9190	524	70	of	of	ADP
cjal-9190	524	71	shareholder	shareholder	NOUN
cjal-9190	524	72	activism	activism	NOUN
cjal-9190	524	73	,	,	PUNCT
cjal-9190	524	74	at	at	ADP
cjal-9190	524	75	6	6	NUM
cjal-9190	524	76	(	(	PUNCT
cjal-9190	524	77	2020	2020	NUM
cjal-9190	524	78	)	)	PUNCT
cjal-9190	524	79	,	,	PUNCT
cjal-9190	524	80	https://www.lazard.com/perspective/lazards-annual-review-of-shareholderactivism-2020/.	https://www.lazard.com/perspective/lazards-annual-review-of-shareholderactivism-2020/.	PROPN
cjal-9190	524	81	140	140	NUM
cjal-9190	524	82	de	de	PROPN
cjal-9190	524	83	la	la	PROPN
cjal-9190	524	84	cruz	cruz	PROPN
cjal-9190	524	85	et	et	PROPN
cjal-9190	524	86	al	al	PROPN
cjal-9190	524	87	.	.	PROPN
cjal-9190	524	88	,	,	PUNCT
cjal-9190	524	89	supra	supra	PROPN
cjal-9190	524	90	note	note	PROPN
cjal-9190	524	91	43	43	NUM
cjal-9190	524	92	,	,	PUNCT
cjal-9190	524	93	at	at	ADP
cjal-9190	524	94	12	12	NUM
cjal-9190	524	95	;	;	PUNCT
cjal-9190	524	96	puchniak	puchniak	NOUN
cjal-9190	524	97	,	,	PUNCT
cjal-9190	524	98	supra	supra	PROPN
cjal-9190	524	99	note	note	PROPN
cjal-9190	524	100	89	89	NUM
cjal-9190	524	101	.	.	SYM
cjal-9190	524	102	141	141	NUM
cjal-9190	524	103	yu	yu	PROPN
cjal-9190	524	104	-	-	PUNCT
cjal-9190	524	105	hsin	hsin	PROPN
cjal-9190	524	106	lin	lin	PROPN
cjal-9190	524	107	,	,	PUNCT
cjal-9190	524	108	when	when	SCONJ
cjal-9190	524	109	activists	activist	NOUN
cjal-9190	524	110	meet	meet	VERB
cjal-9190	524	111	controlling	control	VERB
cjal-9190	524	112	shareholders	shareholder	NOUN
cjal-9190	524	113	in	in	ADP
cjal-9190	524	114	the	the	DET
cjal-9190	524	115	shadow	shadow	NOUN
cjal-9190	524	116	of	of	ADP
cjal-9190	524	117	the	the	DET
cjal-9190	524	118	law	law	NOUN
cjal-9190	524	119	:	:	PUNCT
cjal-9190	524	120	a	a	DET
cjal-9190	524	121	case	case	NOUN
cjal-9190	524	122	study	study	NOUN
cjal-9190	524	123	of	of	ADP
cjal-9190	524	124	hong	hong	PROPN
cjal-9190	524	125	kong	kong	PROPN
cjal-9190	524	126	,	,	PUNCT
cjal-9190	524	127	14	14	NUM
cjal-9190	524	128	asian	asian	PROPN
cjal-9190	524	129	j.	j.	PROPN
cjal-9190	524	130	comp	comp	PROPN
cjal-9190	524	131	.	.	PUNCT
cjal-9190	525	1	l.	l.	PROPN
cjal-9190	525	2	1	1	NUM
cjal-9190	525	3	,	,	PUNCT
cjal-9190	525	4	at	at	ADP
cjal-9190	525	5	7	7	NUM
cjal-9190	525	6	-	-	SYM
cjal-9190	525	7	8	8	NUM
cjal-9190	525	8	(	(	PUNCT
cjal-9190	525	9	2019	2019	NUM
cjal-9190	525	10	)	)	PUNCT
cjal-9190	525	11	.	.	PUNCT
cjal-9190	526	1	142	142	NUM
cjal-9190	526	2	the	the	DET
cjal-9190	526	3	“	"	PUNCT
cjal-9190	526	4	dominant	dominant	ADJ
cjal-9190	526	5	controlling	control	VERB
cjal-9190	526	6	shareholder	shareholder	NOUN
cjal-9190	526	7	”	"	PUNCT
cjal-9190	526	8	here	here	ADV
cjal-9190	526	9	refers	refer	VERB
cjal-9190	526	10	to	to	ADP
cjal-9190	526	11	shareholders	shareholder	NOUN
cjal-9190	526	12	who	who	PRON
cjal-9190	526	13	control	control	VERB
cjal-9190	526	14	the	the	DET
cjal-9190	526	15	investee	investee	NOUN
cjal-9190	526	16	’s	’s	PART
cjal-9190	526	17	shares	share	NOUN
cjal-9190	526	18	of	of	ADP
cjal-9190	526	19	over	over	ADP
cjal-9190	526	20	50	50	NUM
cjal-9190	526	21	%	%	NOUN
cjal-9190	526	22	.	.	PUNCT
cjal-9190	527	1	the	the	DET
cjal-9190	527	2	data	datum	NOUN
cjal-9190	527	3	is	be	AUX
cjal-9190	527	4	taken	take	VERB
cjal-9190	527	5	from	from	ADP
cjal-9190	527	6	disclosures	disclosure	NOUN
cjal-9190	527	7	of	of	ADP
cjal-9190	527	8	investee	investee	NOUN
cjal-9190	527	9	companies	company	NOUN
cjal-9190	527	10	.	.	PUNCT
cjal-9190	528	1	see	see	VERB
cjal-9190	528	2	http://eid.csrc.gov.cn/.	http://eid.csrc.gov.cn/.	PROPN
cjal-9190	528	3	143	143	NUM
cjal-9190	528	4	robin	robin	PROPN
cjal-9190	528	5	hui	hui	PROPN
cjal-9190	528	6	huang	huang	PROPN
cjal-9190	528	7	,	,	PUNCT
cjal-9190	528	8	shareholder	shareholder	NOUN
cjal-9190	528	9	derivative	derivative	ADJ
cjal-9190	528	10	litigation	litigation	NOUN
cjal-9190	528	11	in	in	ADP
cjal-9190	528	12	china	china	PROPN
cjal-9190	528	13	:	:	PUNCT
cjal-9190	528	14	empirical	empirical	ADJ
cjal-9190	528	15	findings	finding	NOUN
cjal-9190	528	16	and	and	CCONJ
cjal-9190	528	17	comparative	comparative	ADJ
cjal-9190	528	18	analysis	analysis	NOUN
cjal-9190	528	19	,	,	PUNCT
cjal-9190	528	20	27	27	NUM
cjal-9190	528	21	banking	banking	NOUN
cjal-9190	528	22	&	&	CCONJ
cjal-9190	528	23	fin	fin	PROPN
cjal-9190	528	24	.	.	PUNCT
cjal-9190	529	1	l.	l.	PROPN
cjal-9190	529	2	rev	rev	PROPN
cjal-9190	529	3	.	.	PROPN
cjal-9190	529	4	619	619	NUM
cjal-9190	529	5	,	,	PUNCT
cjal-9190	529	6	649	649	NUM
cjal-9190	529	7	(	(	PUNCT
cjal-9190	529	8	2012	2012	NUM
cjal-9190	529	9	)	)	PUNCT
cjal-9190	529	10	.	.	PUNCT
cjal-9190	530	1	116	116	NUM
cjal-9190	530	2	institutional	institutional	ADJ
cjal-9190	530	3	investors	investor	NOUN
cjal-9190	530	4	in	in	ADP
cjal-9190	530	5	china	china	PROPN
cjal-9190	530	6	[	[	X
cjal-9190	530	7	vol	vol	NOUN
cjal-9190	530	8	.	.	PUNCT
cjal-9190	530	9	35	35	NUM
cjal-9190	530	10	:	:	SYM
cjal-9190	530	11	74	74	NUM
cjal-9190	530	12	companies	company	NOUN
cjal-9190	530	13	.	.	PUNCT
cjal-9190	531	1	in	in	ADP
cjal-9190	531	2	addition	addition	NOUN
cjal-9190	531	3	,	,	PUNCT
cjal-9190	531	4	although	although	SCONJ
cjal-9190	531	5	the	the	DET
cjal-9190	531	6	regulations	regulation	NOUN
cjal-9190	531	7	limiting	limit	VERB
cjal-9190	531	8	foreign	foreign	ADJ
cjal-9190	531	9	institutional	institutional	ADJ
cjal-9190	531	10	investors	investor	NOUN
cjal-9190	531	11	have	have	AUX
cjal-9190	531	12	been	be	AUX
cjal-9190	531	13	gradually	gradually	ADV
cjal-9190	531	14	relaxed	relax	VERB
cjal-9190	531	15	,	,	PUNCT
cjal-9190	531	16	there	there	PRON
cjal-9190	531	17	is	be	VERB
cjal-9190	531	18	still	still	ADV
cjal-9190	531	19	a	a	DET
cjal-9190	531	20	30	30	NUM
cjal-9190	531	21	%	%	NOUN
cjal-9190	531	22	cap	cap	NOUN
cjal-9190	531	23	on	on	ADP
cjal-9190	531	24	the	the	DET
cjal-9190	531	25	percentage	percentage	NOUN
cjal-9190	531	26	of	of	ADP
cjal-9190	531	27	shares	share	NOUN
cjal-9190	531	28	that	that	PRON
cjal-9190	531	29	foreign	foreign	ADJ
cjal-9190	531	30	institutional	institutional	ADJ
cjal-9190	531	31	investors	investor	NOUN
cjal-9190	531	32	can	can	AUX
cjal-9190	531	33	own	own	VERB
cjal-9190	531	34	in	in	ADP
cjal-9190	531	35	an	an	DET
cjal-9190	531	36	a	a	DET
cjal-9190	531	37	-	-	PUNCT
cjal-9190	531	38	shares	share	NOUN
cjal-9190	531	39	company	company	NOUN
cjal-9190	531	40	—	—	PUNCT
cjal-9190	531	41	which	which	PRON
cjal-9190	531	42	prevents	prevent	VERB
cjal-9190	531	43	foreign	foreign	ADJ
cjal-9190	531	44	institutional	institutional	ADJ
cjal-9190	531	45	investors	investor	NOUN
cjal-9190	531	46	from	from	ADP
cjal-9190	531	47	being	be	AUX
cjal-9190	531	48	able	able	ADJ
cjal-9190	531	49	to	to	PART
cjal-9190	531	50	execute	execute	VERB
cjal-9190	531	51	,	,	PUNCT
cjal-9190	531	52	or	or	CCONJ
cjal-9190	531	53	even	even	ADV
cjal-9190	531	54	to	to	PART
cjal-9190	531	55	threaten	threaten	VERB
cjal-9190	531	56	to	to	PART
cjal-9190	531	57	execute	execute	VERB
cjal-9190	531	58	,	,	PUNCT
cjal-9190	531	59	a	a	DET
cjal-9190	531	60	change	change	NOUN
cjal-9190	531	61	of	of	ADP
cjal-9190	531	62	control	control	NOUN
cjal-9190	531	63	in	in	ADP
cjal-9190	531	64	a	a	DET
cjal-9190	531	65	-	-	PUNCT
cjal-9190	531	66	shares	shares	NOUN
cjal-9190	531	67	companies.144	companies.144	NOUN
cjal-9190	531	68	it	it	PRON
cjal-9190	531	69	is	be	AUX
cjal-9190	531	70	interesting	interesting	ADJ
cjal-9190	531	71	that	that	SCONJ
cjal-9190	531	72	out	out	ADP
cjal-9190	531	73	of	of	ADP
cjal-9190	531	74	the	the	DET
cjal-9190	531	75	two	two	NUM
cjal-9190	531	76	activist	activist	ADJ
cjal-9190	531	77	campaigns	campaign	NOUN
cjal-9190	531	78	involving	involve	VERB
cjal-9190	531	79	foreign	foreign	ADJ
cjal-9190	531	80	institutional	institutional	ADJ
cjal-9190	531	81	investors	investor	NOUN
cjal-9190	531	82	,	,	PUNCT
cjal-9190	531	83	one	one	NUM
cjal-9190	531	84	targeted	target	VERB
cjal-9190	531	85	an	an	DET
cjal-9190	531	86	soe	soe	PROPN
cjal-9190	531	87	and	and	CCONJ
cjal-9190	531	88	the	the	DET
cjal-9190	531	89	other	other	ADJ
cjal-9190	531	90	targeted	target	VERB
cjal-9190	531	91	a	a	DET
cjal-9190	531	92	poe	poe	PROPN
cjal-9190	531	93	,	,	PUNCT
cjal-9190	531	94	and	and	CCONJ
cjal-9190	531	95	both	both	PRON
cjal-9190	531	96	were	be	AUX
cjal-9190	531	97	successful	successful	ADJ
cjal-9190	531	98	.	.	PUNCT
cjal-9190	532	1	in	in	ADP
cjal-9190	532	2	the	the	DET
cjal-9190	532	3	case	case	NOUN
cjal-9190	532	4	targeting	target	VERB
cjal-9190	532	5	an	an	DET
cjal-9190	532	6	soe	soe	PROPN
cjal-9190	532	7	,	,	PUNCT
cjal-9190	532	8	the	the	DET
cjal-9190	532	9	foreign	foreign	ADJ
cjal-9190	532	10	institutional	institutional	ADJ
cjal-9190	532	11	investors	investor	NOUN
cjal-9190	532	12	partnered	partner	VERB
cjal-9190	532	13	with	with	ADP
cjal-9190	532	14	private	private	ADJ
cjal-9190	532	15	domestic	domestic	ADJ
cjal-9190	532	16	institutional	institutional	ADJ
cjal-9190	532	17	investors	investor	NOUN
cjal-9190	532	18	to	to	PART
cjal-9190	532	19	elect	elect	VERB
cjal-9190	532	20	their	their	PRON
cjal-9190	532	21	directorial	directorial	ADJ
cjal-9190	532	22	candidate	candidate	NOUN
cjal-9190	532	23	over	over	ADP
cjal-9190	532	24	another	another	DET
cjal-9190	532	25	candidate	candidate	NOUN
cjal-9190	532	26	who	who	PRON
cjal-9190	532	27	was	be	AUX
cjal-9190	532	28	supported	support	VERB
cjal-9190	532	29	by	by	ADP
cjal-9190	532	30	a	a	DET
cjal-9190	532	31	government	government	NOUN
cjal-9190	532	32	shareholder	shareholder	NOUN
cjal-9190	532	33	which	which	PRON
cjal-9190	532	34	was	be	AUX
cjal-9190	532	35	the	the	DET
cjal-9190	532	36	actual	actual	ADJ
cjal-9190	532	37	controller	controller	NOUN
cjal-9190	532	38	of	of	ADP
cjal-9190	532	39	the	the	DET
cjal-9190	532	40	soe	soe	PROPN
cjal-9190	532	41	.	.	PROPN
cjal-9190	533	1	as	as	SCONJ
cjal-9190	533	2	explained	explain	VERB
cjal-9190	533	3	in	in	ADP
cjal-9190	533	4	more	more	ADJ
cjal-9190	533	5	detail	detail	NOUN
cjal-9190	533	6	in	in	ADP
cjal-9190	533	7	part	part	NOUN
cjal-9190	533	8	iv	iv	ADP
cjal-9190	533	9	,	,	PUNCT
cjal-9190	533	10	this	this	PRON
cjal-9190	533	11	illustrates	illustrate	VERB
cjal-9190	533	12	how	how	SCONJ
cjal-9190	533	13	foreign	foreign	ADJ
cjal-9190	533	14	institutional	institutional	ADJ
cjal-9190	533	15	investors	investor	NOUN
cjal-9190	533	16	in	in	ADP
cjal-9190	533	17	some	some	DET
cjal-9190	533	18	circumstances	circumstance	NOUN
cjal-9190	533	19	may	may	AUX
cjal-9190	533	20	be	be	AUX
cjal-9190	533	21	able	able	ADJ
cjal-9190	533	22	to	to	PART
cjal-9190	533	23	have	have	VERB
cjal-9190	533	24	a	a	DET
cjal-9190	533	25	positive	positive	ADJ
cjal-9190	533	26	impact	impact	NOUN
cjal-9190	533	27	on	on	ADP
cjal-9190	533	28	corporate	corporate	ADJ
cjal-9190	533	29	governance	governance	NOUN
cjal-9190	533	30	as	as	SCONJ
cjal-9190	533	31	they	they	PRON
cjal-9190	533	32	are	be	AUX
cjal-9190	533	33	more	more	ADV
cjal-9190	533	34	insulated	insulated	ADJ
cjal-9190	533	35	from	from	ADP
cjal-9190	533	36	the	the	DET
cjal-9190	533	37	mechanisms	mechanism	NOUN
cjal-9190	533	38	that	that	PRON
cjal-9190	533	39	the	the	DET
cjal-9190	533	40	ccp	ccp	PROPN
cjal-9190	533	41	uses	use	VERB
cjal-9190	533	42	to	to	PART
cjal-9190	533	43	carry	carry	VERB
cjal-9190	533	44	out	out	ADP
cjal-9190	533	45	policy	policy	NOUN
cjal-9190	533	46	channeling	channel	VERB
cjal-9190	533	47	in	in	ADP
cjal-9190	533	48	soiis	soiis	NOUN
cjal-9190	533	49	and	and	CCONJ
cjal-9190	533	50	poiis	poiis	ADJ
cjal-9190	533	51	.	.	PUNCT
cjal-9190	534	1	third	third	ADJ
cjal-9190	534	2	,	,	PUNCT
cjal-9190	534	3	13	13	NUM
cjal-9190	534	4	out	out	ADP
cjal-9190	534	5	of	of	ADP
cjal-9190	534	6	the	the	DET
cjal-9190	534	7	43	43	NUM
cjal-9190	534	8	activist	activist	ADJ
cjal-9190	534	9	campaigns	campaign	NOUN
cjal-9190	534	10	listed	list	VERB
cjal-9190	534	11	in	in	ADP
cjal-9190	534	12	appendix	appendix	NOUN
cjal-9190	534	13	2	2	NUM
cjal-9190	534	14	were	be	AUX
cjal-9190	534	15	undertaken	undertake	VERB
cjal-9190	534	16	by	by	ADP
cjal-9190	534	17	soiis	soiis	NOUN
cjal-9190	534	18	,	,	PUNCT
cjal-9190	534	19	while	while	SCONJ
cjal-9190	534	20	23	23	NUM
cjal-9190	534	21	were	be	AUX
cjal-9190	534	22	undertaken	undertake	VERB
cjal-9190	534	23	by	by	ADP
cjal-9190	534	24	poiis	poiis	NOUN
cjal-9190	534	25	,	,	PUNCT
cjal-9190	534	26	with	with	ADP
cjal-9190	534	27	poiis	poiis	ADJ
cjal-9190	534	28	and	and	CCONJ
cjal-9190	534	29	soiis	soiis	NOUN
cjal-9190	534	30	collaborating	collaborate	VERB
cjal-9190	534	31	in	in	ADP
cjal-9190	534	32	5	5	NUM
cjal-9190	534	33	activist	activist	ADJ
cjal-9190	534	34	campaigns	campaign	NOUN
cjal-9190	534	35	and	and	CCONJ
cjal-9190	534	36	a	a	DET
cjal-9190	534	37	poii	poii	NOUN
cjal-9190	534	38	and	and	CCONJ
cjal-9190	534	39	an	an	DET
cjal-9190	534	40	foii	foii	NOUN
cjal-9190	534	41	collaborating	collaborate	VERB
cjal-9190	534	42	in	in	ADP
cjal-9190	534	43	1	1	NUM
cjal-9190	534	44	activist	activist	NOUN
cjal-9190	534	45	campaign.145	campaign.145	NOUN
cjal-9190	534	46	it	it	PRON
cjal-9190	534	47	is	be	AUX
cjal-9190	534	48	noteworthy	noteworthy	ADJ
cjal-9190	534	49	that	that	SCONJ
cjal-9190	534	50	prior	prior	ADV
cjal-9190	534	51	to	to	ADP
cjal-9190	534	52	2010	2010	NUM
cjal-9190	534	53	,	,	PUNCT
cjal-9190	534	54	half	half	NOUN
cjal-9190	534	55	of	of	ADP
cjal-9190	534	56	the	the	DET
cjal-9190	534	57	activist	activist	ADJ
cjal-9190	534	58	campaigns	campaign	NOUN
cjal-9190	534	59	were	be	AUX
cjal-9190	534	60	undertaken	undertake	VERB
cjal-9190	534	61	by	by	ADP
cjal-9190	534	62	soiis	soiis	NOUN
cjal-9190	534	63	,	,	PUNCT
cjal-9190	534	64	which	which	PRON
cjal-9190	534	65	are	be	AUX
cjal-9190	534	66	owned	own	VERB
cjal-9190	534	67	by	by	ADP
cjal-9190	534	68	the	the	DET
cjal-9190	534	69	government	government	NOUN
cjal-9190	534	70	and	and	CCONJ
cjal-9190	534	71	ultimately	ultimately	ADV
cjal-9190	534	72	controlled	control	VERB
cjal-9190	534	73	by	by	ADP
cjal-9190	534	74	the	the	DET
cjal-9190	534	75	ccp	ccp	PROPN
cjal-9190	534	76	directly	directly	ADV
cjal-9190	534	77	or	or	CCONJ
cjal-9190	534	78	indirectly	indirectly	ADV
cjal-9190	534	79	;	;	PUNCT
cjal-9190	534	80	whereas	whereas	SCONJ
cjal-9190	534	81	since	since	SCONJ
cjal-9190	534	82	2010	2010	NUM
cjal-9190	534	83	,	,	PUNCT
cjal-9190	534	84	over	over	ADP
cjal-9190	534	85	half	half	NOUN
cjal-9190	534	86	of	of	ADP
cjal-9190	534	87	the	the	DET
cjal-9190	534	88	activist	activist	ADJ
cjal-9190	534	89	campaigns	campaign	NOUN
cjal-9190	534	90	were	be	AUX
cjal-9190	534	91	undertaken	undertake	VERB
cjal-9190	534	92	by	by	ADP
cjal-9190	534	93	poiis.146	poiis.146	NOUN
cjal-9190	534	94	this	this	PRON
cjal-9190	534	95	suggests	suggest	VERB
cjal-9190	534	96	an	an	DET
cjal-9190	534	97	increasing	increase	VERB
cjal-9190	534	98	reliance	reliance	NOUN
cjal-9190	534	99	on	on	ADP
cjal-9190	534	100	the	the	DET
cjal-9190	534	101	private	private	ADJ
cjal-9190	534	102	market	market	NOUN
cjal-9190	534	103	for	for	ADP
cjal-9190	534	104	institutional	institutional	ADJ
cjal-9190	534	105	investors	investor	NOUN
cjal-9190	534	106	,	,	PUNCT
cjal-9190	534	107	in	in	ADP
cjal-9190	534	108	which	which	PRON
cjal-9190	534	109	the	the	DET
cjal-9190	534	110	ccp	ccp	PROPN
cjal-9190	534	111	only	only	ADV
cjal-9190	534	112	exercises	exercise	VERB
cjal-9190	534	113	indirect	indirect	ADJ
cjal-9190	534	114	control	control	NOUN
cjal-9190	534	115	.	.	PUNCT
cjal-9190	535	1	as	as	SCONJ
cjal-9190	535	2	discussed	discuss	VERB
cjal-9190	535	3	in	in	ADP
cjal-9190	535	4	part	part	NOUN
cjal-9190	535	5	iv	iv	NOUN
cjal-9190	535	6	,	,	PUNCT
cjal-9190	535	7	to	to	ADP
cjal-9190	535	8	varying	vary	VERB
cjal-9190	535	9	extents	extent	NOUN
cjal-9190	535	10	,	,	PUNCT
cjal-9190	535	11	the	the	DET
cjal-9190	535	12	ccp	ccp	PROPN
cjal-9190	535	13	through	through	ADP
cjal-9190	535	14	a	a	DET
cjal-9190	535	15	matrix	matrix	NOUN
cjal-9190	535	16	of	of	ADP
cjal-9190	535	17	policy	policy	NOUN
cjal-9190	535	18	channels	channel	NOUN
cjal-9190	535	19	may	may	AUX
cjal-9190	535	20	also	also	ADV
cjal-9190	535	21	control	control	VERB
cjal-9190	535	22	institutional	institutional	ADJ
cjal-9190	535	23	investors	investor	NOUN
cjal-9190	535	24	which	which	PRON
cjal-9190	535	25	it	it	PRON
cjal-9190	535	26	does	do	AUX
cjal-9190	535	27	not	not	PART
cjal-9190	535	28	directly	directly	ADV
cjal-9190	535	29	own	own	VERB
cjal-9190	535	30	.	.	PUNCT
cjal-9190	536	1	taken	take	VERB
cjal-9190	536	2	together	together	ADV
cjal-9190	536	3	,	,	PUNCT
cjal-9190	536	4	this	this	PRON
cjal-9190	536	5	challenges	challenge	VERB
cjal-9190	536	6	the	the	DET
cjal-9190	536	7	idea	idea	NOUN
cjal-9190	536	8	that	that	SCONJ
cjal-9190	536	9	the	the	DET
cjal-9190	536	10	rise	rise	NOUN
cjal-9190	536	11	of	of	ADP
cjal-9190	536	12	institutional	institutional	ADJ
cjal-9190	536	13	investors	investor	NOUN
cjal-9190	536	14	in	in	ADP
cjal-9190	536	15	china	china	PROPN
cjal-9190	536	16	may	may	AUX
cjal-9190	536	17	threaten	threaten	VERB
cjal-9190	536	18	the	the	DET
cjal-9190	536	19	ccp	ccp	PROPN
cjal-9190	536	20	’s	’s	PART
cjal-9190	536	21	ultimate	ultimate	ADJ
cjal-9190	536	22	control	control	NOUN
cjal-9190	536	23	.	.	PUNCT
cjal-9190	537	1	however	however	ADV
cjal-9190	537	2	,	,	PUNCT
cjal-9190	537	3	as	as	SCONJ
cjal-9190	537	4	we	we	PRON
cjal-9190	537	5	explain	explain	VERB
cjal-9190	537	6	in	in	ADP
cjal-9190	537	7	part	part	NOUN
cjal-9190	537	8	iv	iv	NOUN
cjal-9190	537	9	,	,	PUNCT
cjal-9190	537	10	merely	merely	ADV
cjal-9190	537	11	because	because	SCONJ
cjal-9190	537	12	the	the	DET
cjal-9190	537	13	ccp	ccp	PROPN
cjal-9190	537	14	directly	directly	ADV
cjal-9190	537	15	or	or	CCONJ
cjal-9190	537	16	indirectly	indirectly	ADV
cjal-9190	537	17	controls	control	VERB
cjal-9190	537	18	soes	soe	NOUN
cjal-9190	537	19	does	do	AUX
cjal-9190	537	20	not	not	PART
cjal-9190	537	21	mean	mean	VERB
cjal-9190	537	22	that	that	SCONJ
cjal-9190	537	23	free	free	ADJ
cjal-9190	537	24	-	-	PUNCT
cjal-9190	537	25	market	market	NOUN
cjal-9190	537	26	forces	force	NOUN
cjal-9190	537	27	are	be	AUX
cjal-9190	537	28	irrelevant	irrelevant	ADJ
cjal-9190	537	29	.	.	PUNCT
cjal-9190	538	1	on	on	ADP
cjal-9190	538	2	the	the	DET
cjal-9190	538	3	contrary	contrary	NOUN
cjal-9190	538	4	,	,	PUNCT
cjal-9190	538	5	in	in	ADP
cjal-9190	538	6	normal	normal	ADJ
cjal-9190	538	7	times	time	NOUN
cjal-9190	538	8	free	free	ADJ
cjal-9190	538	9	-	-	PUNCT
cjal-9190	538	10	market	market	NOUN
cjal-9190	538	11	forces	force	NOUN
cjal-9190	538	12	govern	govern	VERB
cjal-9190	538	13	the	the	DET
cjal-9190	538	14	behavior	behavior	NOUN
cjal-9190	538	15	of	of	ADP
cjal-9190	538	16	soiis	soiis	NOUN
cjal-9190	538	17	and	and	CCONJ
cjal-9190	538	18	poiis	poiis	ADJ
cjal-9190	538	19	,	,	PUNCT
cjal-9190	538	20	like	like	ADP
cjal-9190	538	21	institutional	institutional	ADJ
cjal-9190	538	22	144	144	NUM
cjal-9190	538	23	see	see	NOUN
cjal-9190	538	24	supra	supra	PROPN
cjal-9190	538	25	part	part	PROPN
cjal-9190	538	26	ii	ii	PROPN
cjal-9190	538	27	.	.	PROPN
cjal-9190	538	28	145	145	NUM
cjal-9190	538	29	there	there	PRON
cjal-9190	538	30	was	be	VERB
cjal-9190	538	31	1	1	NUM
cjal-9190	538	32	activist	activist	NOUN
cjal-9190	538	33	campaign	campaign	NOUN
cjal-9190	538	34	that	that	PRON
cjal-9190	538	35	was	be	AUX
cjal-9190	538	36	undertaken	undertake	VERB
cjal-9190	538	37	by	by	ADP
cjal-9190	538	38	an	an	DET
cjal-9190	538	39	foii	foii	NOUN
cjal-9190	538	40	.	.	PUNCT
cjal-9190	539	1	see	see	VERB
cjal-9190	539	2	below	below	ADV
cjal-9190	539	3	,	,	PUNCT
cjal-9190	539	4	appendix	appendix	VERB
cjal-9190	539	5	2	2	NUM
cjal-9190	539	6	.	.	NOUN
cjal-9190	539	7	146	146	NUM
cjal-9190	539	8	from	from	ADP
cjal-9190	539	9	1994	1994	NUM
cjal-9190	539	10	to	to	ADP
cjal-9190	539	11	2010	2010	NUM
cjal-9190	539	12	,	,	PUNCT
cjal-9190	539	13	50	50	NUM
cjal-9190	539	14	%	%	NOUN
cjal-9190	539	15	(	(	PUNCT
cjal-9190	539	16	5	5	NUM
cjal-9190	539	17	out	out	ADP
cjal-9190	539	18	of	of	ADP
cjal-9190	539	19	10	10	NUM
cjal-9190	539	20	)	)	PUNCT
cjal-9190	539	21	of	of	ADP
cjal-9190	539	22	the	the	DET
cjal-9190	539	23	activist	activist	ADJ
cjal-9190	539	24	campaigns	campaign	NOUN
cjal-9190	539	25	were	be	AUX
cjal-9190	539	26	undertaken	undertake	VERB
cjal-9190	539	27	by	by	ADP
cjal-9190	539	28	soiis	soiis	NOUN
cjal-9190	539	29	,	,	PUNCT
cjal-9190	539	30	with	with	ADP
cjal-9190	539	31	soiis	soiis	NOUN
cjal-9190	539	32	and	and	CCONJ
cjal-9190	539	33	poiis	poiis	ADJ
cjal-9190	539	34	collaborating	collaborate	VERB
cjal-9190	539	35	in	in	ADP
cjal-9190	539	36	20	20	NUM
cjal-9190	539	37	%	%	NOUN
cjal-9190	539	38	(	(	PUNCT
cjal-9190	539	39	2	2	NUM
cjal-9190	539	40	out	out	ADP
cjal-9190	539	41	of	of	ADP
cjal-9190	539	42	10	10	NUM
cjal-9190	539	43	)	)	PUNCT
cjal-9190	539	44	of	of	ADP
cjal-9190	539	45	the	the	DET
cjal-9190	539	46	activist	activist	ADJ
cjal-9190	539	47	campaigns	campaign	NOUN
cjal-9190	539	48	;	;	PUNCT
cjal-9190	539	49	whereas	whereas	SCONJ
cjal-9190	539	50	from	from	ADP
cjal-9190	539	51	2011	2011	NUM
cjal-9190	539	52	to	to	ADP
cjal-9190	539	53	2021	2021	NUM
cjal-9190	539	54	,	,	PUNCT
cjal-9190	539	55	60.6	60.6	NUM
cjal-9190	539	56	%	%	NOUN
cjal-9190	539	57	(	(	PUNCT
cjal-9190	539	58	20	20	NUM
cjal-9190	539	59	out	out	ADP
cjal-9190	539	60	of	of	ADP
cjal-9190	539	61	33	33	NUM
cjal-9190	539	62	)	)	PUNCT
cjal-9190	539	63	of	of	ADP
cjal-9190	539	64	the	the	DET
cjal-9190	539	65	activist	activist	ADJ
cjal-9190	539	66	campaigns	campaign	NOUN
cjal-9190	539	67	were	be	AUX
cjal-9190	539	68	undertaken	undertake	VERB
cjal-9190	539	69	by	by	ADP
cjal-9190	539	70	poiis	poiis	NOUN
cjal-9190	539	71	,	,	PUNCT
cjal-9190	539	72	with	with	ADP
cjal-9190	539	73	soiis	soiis	NOUN
cjal-9190	539	74	and	and	CCONJ
cjal-9190	539	75	poiis	poiis	ADJ
cjal-9190	539	76	collaborating	collaborate	VERB
cjal-9190	539	77	in	in	ADP
cjal-9190	539	78	9.1	9.1	NUM
cjal-9190	539	79	%	%	NOUN
cjal-9190	539	80	(	(	PUNCT
cjal-9190	539	81	3	3	NUM
cjal-9190	539	82	out	out	ADP
cjal-9190	539	83	of	of	ADP
cjal-9190	539	84	33	33	NUM
cjal-9190	539	85	)	)	PUNCT
cjal-9190	539	86	of	of	ADP
cjal-9190	539	87	the	the	DET
cjal-9190	539	88	activist	activist	ADJ
cjal-9190	539	89	campaigns	campaign	NOUN
cjal-9190	539	90	and	and	CCONJ
cjal-9190	539	91	an	an	DET
cjal-9190	539	92	foii	foii	NOUN
cjal-9190	539	93	and	and	CCONJ
cjal-9190	539	94	a	a	DET
cjal-9190	539	95	poii	poii	ADJ
cjal-9190	539	96	collaborating	collaborate	VERB
cjal-9190	539	97	in	in	ADP
cjal-9190	539	98	1	1	NUM
cjal-9190	539	99	activist	activist	ADJ
cjal-9190	539	100	campaign	campaign	NOUN
cjal-9190	539	101	.	.	PUNCT
cjal-9190	540	1	see	see	VERB
cjal-9190	540	2	below	below	ADV
cjal-9190	540	3	,	,	PUNCT
cjal-9190	540	4	appendix	appendix	VERB
cjal-9190	540	5	2	2	NUM
cjal-9190	540	6	.	.	NOUN
cjal-9190	540	7	2022	2022	NUM
cjal-9190	540	8	]	]	PUNCT
cjal-9190	540	9	columbia	columbia	PROPN
cjal-9190	540	10	journal	journal	PROPN
cjal-9190	540	11	of	of	ADP
cjal-9190	540	12	asian	asian	ADJ
cjal-9190	540	13	law	law	NOUN
cjal-9190	540	14	117	117	NUM
cjal-9190	540	15	investors	investor	NOUN
cjal-9190	540	16	in	in	ADP
cjal-9190	540	17	other	other	ADJ
cjal-9190	540	18	financial	financial	ADJ
cjal-9190	540	19	markets	market	NOUN
cjal-9190	540	20	.	.	PUNCT
cjal-9190	541	1	however	however	ADV
cjal-9190	541	2	,	,	PUNCT
cjal-9190	541	3	in	in	ADP
cjal-9190	541	4	extraordinary	extraordinary	ADJ
cjal-9190	541	5	times	time	NOUN
cjal-9190	541	6	(	(	PUNCT
cjal-9190	541	7	e.g.	e.g.	ADV
cjal-9190	541	8	,	,	PUNCT
cjal-9190	541	9	when	when	SCONJ
cjal-9190	541	10	there	there	PRON
cjal-9190	541	11	is	be	VERB
cjal-9190	541	12	market	market	NOUN
cjal-9190	541	13	instability	instability	NOUN
cjal-9190	541	14	,	,	PUNCT
cjal-9190	541	15	or	or	CCONJ
cjal-9190	541	16	the	the	DET
cjal-9190	541	17	government	government	NOUN
cjal-9190	541	18	wants	want	VERB
cjal-9190	541	19	to	to	PART
cjal-9190	541	20	undertake	undertake	VERB
cjal-9190	541	21	a	a	DET
cjal-9190	541	22	major	major	ADJ
cjal-9190	541	23	reform	reform	NOUN
cjal-9190	541	24	)	)	PUNCT
cjal-9190	541	25	both	both	DET
cjal-9190	541	26	soiis	soiis	ADJ
cjal-9190	541	27	directly	directly	ADV
cjal-9190	541	28	and	and	CCONJ
cjal-9190	541	29	poiis	poii	VERB
cjal-9190	541	30	indirectly	indirectly	ADV
cjal-9190	541	31	may	may	AUX
cjal-9190	541	32	serve	serve	VERB
cjal-9190	541	33	as	as	ADP
cjal-9190	541	34	agents	agent	NOUN
cjal-9190	541	35	to	to	PART
cjal-9190	541	36	execute	execute	VERB
cjal-9190	541	37	government	government	NOUN
cjal-9190	541	38	policy	policy	NOUN
cjal-9190	541	39	.	.	PUNCT
cjal-9190	542	1	this	this	DET
cjal-9190	542	2	reliance	reliance	NOUN
cjal-9190	542	3	on	on	ADP
cjal-9190	542	4	market	market	NOUN
cjal-9190	542	5	forces	force	NOUN
cjal-9190	542	6	in	in	ADP
cjal-9190	542	7	regular	regular	ADJ
cjal-9190	542	8	times	time	NOUN
cjal-9190	542	9	and	and	CCONJ
cjal-9190	542	10	use	use	NOUN
cjal-9190	542	11	of	of	ADP
cjal-9190	542	12	policy	policy	NOUN
cjal-9190	542	13	channeling	channel	VERB
cjal-9190	542	14	for	for	ADP
cjal-9190	542	15	extraordinary	extraordinary	ADJ
cjal-9190	542	16	purposes	purpose	NOUN
cjal-9190	542	17	is	be	AUX
cjal-9190	542	18	a	a	DET
cjal-9190	542	19	phenomenon	phenomenon	NOUN
cjal-9190	542	20	which	which	PRON
cjal-9190	542	21	we	we	PRON
cjal-9190	542	22	explain	explain	VERB
cjal-9190	542	23	as	as	ADP
cjal-9190	542	24	the	the	DET
cjal-9190	542	25	institutional	institutional	ADJ
cjal-9190	542	26	shareholder	shareholder	NOUN
cjal-9190	542	27	“	"	PUNCT
cjal-9190	542	28	market	market	NOUN
cjal-9190	542	29	within	within	ADP
cjal-9190	542	30	the	the	DET
cjal-9190	542	31	state	state	NOUN
cjal-9190	542	32	”	"	PUNCT
cjal-9190	542	33	in	in	ADP
cjal-9190	542	34	the	the	DET
cjal-9190	542	35	conclusion	conclusion	NOUN
cjal-9190	542	36	.	.	PUNCT
cjal-9190	543	1	fourth	fourth	ADJ
cjal-9190	543	2	,	,	PUNCT
cjal-9190	543	3	soes	soe	NOUN
cjal-9190	543	4	were	be	AUX
cjal-9190	543	5	the	the	DET
cjal-9190	543	6	target	target	NOUN
cjal-9190	543	7	in	in	ADP
cjal-9190	543	8	11	11	NUM
cjal-9190	543	9	out	out	ADP
cjal-9190	543	10	of	of	ADP
cjal-9190	543	11	43	43	NUM
cjal-9190	543	12	activist	activist	ADJ
cjal-9190	543	13	campaigns	campaign	NOUN
cjal-9190	543	14	,	,	PUNCT
cjal-9190	543	15	and	and	CCONJ
cjal-9190	543	16	there	there	PRON
cjal-9190	543	17	were	be	VERB
cjal-9190	543	18	7	7	NUM
cjal-9190	543	19	cases	case	NOUN
cjal-9190	543	20	in	in	ADP
cjal-9190	543	21	which	which	PRON
cjal-9190	543	22	a	a	DET
cjal-9190	543	23	poii	poii	NOUN
cjal-9190	543	24	targeted	target	VERB
cjal-9190	543	25	an	an	DET
cjal-9190	543	26	soe	soe	PROPN
cjal-9190	543	27	.	.	PUNCT
cjal-9190	544	1	it	it	PRON
cjal-9190	544	2	is	be	AUX
cjal-9190	544	3	noteworthy	noteworthy	ADJ
cjal-9190	544	4	that	that	SCONJ
cjal-9190	544	5	in	in	ADP
cjal-9190	544	6	4	4	NUM
cjal-9190	544	7	of	of	ADP
cjal-9190	544	8	these	these	DET
cjal-9190	544	9	cases	case	NOUN
cjal-9190	544	10	the	the	DET
cjal-9190	544	11	poii	poii	NOUN
cjal-9190	544	12	succeeded	succeed	VERB
cjal-9190	544	13	in	in	ADP
cjal-9190	544	14	its	its	PRON
cjal-9190	544	15	campaign	campaign	NOUN
cjal-9190	544	16	.	.	PUNCT
cjal-9190	545	1	this	this	PRON
cjal-9190	545	2	illustrates	illustrate	VERB
cjal-9190	545	3	how	how	SCONJ
cjal-9190	545	4	the	the	DET
cjal-9190	545	5	government	government	NOUN
cjal-9190	545	6	has	have	AUX
cjal-9190	545	7	allowed	allow	VERB
cjal-9190	545	8	poiis	poiis	ADJ
cjal-9190	545	9	to	to	PART
cjal-9190	545	10	serve	serve	VERB
cjal-9190	545	11	as	as	ADP
cjal-9190	545	12	a	a	DET
cjal-9190	545	13	check	check	NOUN
cjal-9190	545	14	on	on	ADP
cjal-9190	545	15	soes	soe	NOUN
cjal-9190	545	16	—	—	PUNCT
cjal-9190	545	17	which	which	PRON
cjal-9190	545	18	further	further	ADJ
cjal-9190	545	19	highlights	highlight	VERB
cjal-9190	545	20	the	the	DET
cjal-9190	545	21	complexity	complexity	NOUN
cjal-9190	545	22	and	and	CCONJ
cjal-9190	545	23	sophistication	sophistication	NOUN
cjal-9190	545	24	of	of	ADP
cjal-9190	545	25	china	china	PROPN
cjal-9190	545	26	’s	’s	PART
cjal-9190	545	27	market	market	NOUN
cjal-9190	545	28	within	within	ADP
cjal-9190	545	29	the	the	DET
cjal-9190	545	30	state	state	NOUN
cjal-9190	545	31	.	.	PUNCT
cjal-9190	546	1	as	as	SCONJ
cjal-9190	546	2	explained	explain	VERB
cjal-9190	546	3	in	in	ADP
cjal-9190	546	4	part	part	NOUN
cjal-9190	546	5	iv	iv	ADP
cjal-9190	546	6	,	,	PUNCT
cjal-9190	546	7	although	although	SCONJ
cjal-9190	546	8	the	the	DET
cjal-9190	546	9	government	government	NOUN
cjal-9190	546	10	has	have	AUX
cjal-9190	546	11	promoted	promote	VERB
cjal-9190	546	12	the	the	DET
cjal-9190	546	13	emergence	emergence	NOUN
cjal-9190	546	14	of	of	ADP
cjal-9190	546	15	poiis	poiis	NOUN
cjal-9190	546	16	to	to	PART
cjal-9190	546	17	serve	serve	VERB
cjal-9190	546	18	as	as	ADP
cjal-9190	546	19	a	a	DET
cjal-9190	546	20	useful	useful	ADJ
cjal-9190	546	21	check	check	NOUN
cjal-9190	546	22	on	on	ADP
cjal-9190	546	23	soes	soe	NOUN
cjal-9190	546	24	,	,	PUNCT
cjal-9190	546	25	it	it	PRON
cjal-9190	546	26	has	have	AUX
cjal-9190	546	27	also	also	ADV
cjal-9190	546	28	developed	develop	VERB
cjal-9190	546	29	policy	policy	NOUN
cjal-9190	546	30	channels	channel	NOUN
cjal-9190	546	31	that	that	PRON
cjal-9190	546	32	ensure	ensure	VERB
cjal-9190	546	33	that	that	SCONJ
cjal-9190	546	34	the	the	DET
cjal-9190	546	35	ccp	ccp	PROPN
cjal-9190	546	36	maintains	maintain	VERB
cjal-9190	546	37	ultimate	ultimate	ADJ
cjal-9190	546	38	(	(	PUNCT
cjal-9190	546	39	indirect	indirect	ADJ
cjal-9190	546	40	)	)	PUNCT
cjal-9190	546	41	control	control	NOUN
cjal-9190	546	42	over	over	ADP
cjal-9190	546	43	poiis	poiis	NOUN
cjal-9190	546	44	.	.	PUNCT
cjal-9190	547	1	in	in	ADP
cjal-9190	547	2	addition	addition	NOUN
cjal-9190	547	3	,	,	PUNCT
cjal-9190	547	4	poes	poe	NOUN
cjal-9190	547	5	were	be	AUX
cjal-9190	547	6	the	the	DET
cjal-9190	547	7	target	target	NOUN
cjal-9190	547	8	in	in	ADP
cjal-9190	547	9	32	32	NUM
cjal-9190	547	10	out	out	ADP
cjal-9190	547	11	of	of	ADP
cjal-9190	547	12	43	43	NUM
cjal-9190	547	13	activist	activist	ADJ
cjal-9190	547	14	campaigns	campaign	NOUN
cjal-9190	547	15	,	,	PUNCT
cjal-9190	547	16	with	with	ADP
cjal-9190	547	17	14	14	NUM
cjal-9190	547	18	of	of	ADP
cjal-9190	547	19	them	they	PRON
cjal-9190	547	20	involving	involve	VERB
cjal-9190	547	21	soiis	soiis	NOUN
cjal-9190	547	22	,	,	PUNCT
cjal-9190	547	23	which	which	PRON
cjal-9190	547	24	demonstrates	demonstrate	VERB
cjal-9190	547	25	that	that	SCONJ
cjal-9190	547	26	this	this	PRON
cjal-9190	547	27	may	may	AUX
cjal-9190	547	28	be	be	AUX
cjal-9190	547	29	another	another	DET
cjal-9190	547	30	policy	policy	NOUN
cjal-9190	547	31	channel	channel	NOUN
cjal-9190	547	32	in	in	ADP
cjal-9190	547	33	which	which	PRON
cjal-9190	547	34	the	the	DET
cjal-9190	547	35	state	state	NOUN
cjal-9190	547	36	can	can	AUX
cjal-9190	547	37	influence	influence	VERB
cjal-9190	547	38	or	or	CCONJ
cjal-9190	547	39	police	police	NOUN
cjal-9190	547	40	poes	poe	NOUN
cjal-9190	547	41	.	.	PUNCT
cjal-9190	548	1	it	it	PRON
cjal-9190	548	2	is	be	AUX
cjal-9190	548	3	interesting	interesting	ADJ
cjal-9190	548	4	that	that	SCONJ
cjal-9190	548	5	only	only	ADV
cjal-9190	548	6	6	6	NUM
cjal-9190	548	7	of	of	ADP
cjal-9190	548	8	these	these	DET
cjal-9190	548	9	campaigns	campaign	NOUN
cjal-9190	548	10	succeeded	succeed	VERB
cjal-9190	548	11	—	—	PUNCT
cjal-9190	548	12	again	again	ADV
cjal-9190	548	13	illustrating	illustrate	VERB
cjal-9190	548	14	how	how	SCONJ
cjal-9190	548	15	soiis	soiis	NOUN
cjal-9190	548	16	are	be	AUX
cjal-9190	548	17	bound	bind	VERB
cjal-9190	548	18	by	by	ADP
cjal-9190	548	19	the	the	DET
cjal-9190	548	20	laws	law	NOUN
cjal-9190	548	21	and	and	CCONJ
cjal-9190	548	22	market	market	NOUN
cjal-9190	548	23	-	-	PUNCT
cjal-9190	548	24	forces	force	NOUN
cjal-9190	548	25	.	.	PUNCT
cjal-9190	549	1	merely	merely	ADV
cjal-9190	549	2	because	because	SCONJ
cjal-9190	549	3	the	the	DET
cjal-9190	549	4	state	state	NOUN
cjal-9190	549	5	is	be	AUX
cjal-9190	549	6	the	the	DET
cjal-9190	549	7	direct	direct	ADJ
cjal-9190	549	8	owner	owner	NOUN
cjal-9190	549	9	of	of	ADP
cjal-9190	549	10	soiis	soiis	NOUN
cjal-9190	549	11	does	do	AUX
cjal-9190	549	12	not	not	PART
cjal-9190	549	13	axiomatically	axiomatically	ADV
cjal-9190	549	14	result	result	VERB
cjal-9190	549	15	in	in	ADP
cjal-9190	549	16	a	a	DET
cjal-9190	549	17	successful	successful	ADJ
cjal-9190	549	18	activist	activist	NOUN
cjal-9190	549	19	campaign	campaign	NOUN
cjal-9190	549	20	.	.	PUNCT
cjal-9190	550	1	fifth	fifth	ADJ
cjal-9190	550	2	,	,	PUNCT
cjal-9190	550	3	the	the	DET
cjal-9190	550	4	evolution	evolution	NOUN
cjal-9190	550	5	of	of	ADP
cjal-9190	550	6	the	the	DET
cjal-9190	550	7	types	type	NOUN
cjal-9190	550	8	of	of	ADP
cjal-9190	550	9	institutional	institutional	ADJ
cjal-9190	550	10	investors	investor	NOUN
cjal-9190	550	11	that	that	PRON
cjal-9190	550	12	have	have	AUX
cjal-9190	550	13	executed	execute	VERB
cjal-9190	550	14	activist	activist	ADJ
cjal-9190	550	15	campaigns	campaign	NOUN
cjal-9190	550	16	confirms	confirm	VERB
cjal-9190	550	17	our	our	PRON
cjal-9190	550	18	observation	observation	NOUN
cjal-9190	550	19	in	in	ADP
cjal-9190	550	20	part	part	NOUN
cjal-9190	550	21	ii	ii	NOUN
cjal-9190	550	22	that	that	SCONJ
cjal-9190	550	23	the	the	DET
cjal-9190	550	24	market	market	NOUN
cjal-9190	550	25	for	for	ADP
cjal-9190	550	26	institutional	institutional	ADJ
cjal-9190	550	27	investors	investor	NOUN
cjal-9190	550	28	in	in	ADP
cjal-9190	550	29	a	a	DET
cjal-9190	550	30	-	-	PUNCT
cjal-9190	550	31	shares	share	NOUN
cjal-9190	550	32	companies	company	NOUN
cjal-9190	550	33	has	have	AUX
cjal-9190	550	34	become	become	AUX
cjal-9190	550	35	increasingly	increasingly	ADV
cjal-9190	550	36	atomized	atomize	VERB
cjal-9190	550	37	.	.	PUNCT
cjal-9190	551	1	as	as	SCONJ
cjal-9190	551	2	illuminated	illuminate	VERB
cjal-9190	551	3	in	in	ADP
cjal-9190	551	4	part	part	PROPN
cjal-9190	551	5	ii	ii	PROPN
cjal-9190	551	6	,	,	PUNCT
cjal-9190	551	7	prior	prior	ADV
cjal-9190	551	8	to	to	ADP
cjal-9190	551	9	2010	2010	NUM
cjal-9190	551	10	,	,	PUNCT
cjal-9190	551	11	sifs	sif	NOUN
cjal-9190	551	12	dominated	dominate	VERB
cjal-9190	551	13	the	the	DET
cjal-9190	551	14	market	market	NOUN
cjal-9190	551	15	.	.	PUNCT
cjal-9190	552	1	as	as	ADP
cjal-9190	552	2	such	such	ADJ
cjal-9190	552	3	,	,	PUNCT
cjal-9190	552	4	it	it	PRON
cjal-9190	552	5	is	be	AUX
cjal-9190	552	6	unsurprising	unsurprising	ADJ
cjal-9190	552	7	that	that	SCONJ
cjal-9190	552	8	,	,	PUNCT
cjal-9190	552	9	prior	prior	ADV
cjal-9190	552	10	to	to	ADP
cjal-9190	552	11	2011	2011	NUM
cjal-9190	552	12	,	,	PUNCT
cjal-9190	552	13	8	8	NUM
cjal-9190	552	14	out	out	ADP
cjal-9190	552	15	of	of	ADP
cjal-9190	552	16	10	10	NUM
cjal-9190	552	17	activist	activist	ADJ
cjal-9190	552	18	campaigns	campaign	NOUN
cjal-9190	552	19	were	be	AUX
cjal-9190	552	20	executed	execute	VERB
cjal-9190	552	21	by	by	ADP
cjal-9190	552	22	sifs	sif	NOUN
cjal-9190	552	23	.	.	PUNCT
cjal-9190	553	1	however	however	ADV
cjal-9190	553	2	,	,	PUNCT
cjal-9190	553	3	from	from	ADP
cjal-9190	553	4	2011	2011	NUM
cjal-9190	553	5	to	to	ADP
cjal-9190	553	6	2021	2021	NUM
cjal-9190	553	7	,	,	PUNCT
cjal-9190	553	8	20	20	NUM
cjal-9190	553	9	out	out	ADP
cjal-9190	553	10	of	of	ADP
cjal-9190	553	11	33	33	NUM
cjal-9190	553	12	activist	activist	ADJ
cjal-9190	553	13	campaigns	campaign	NOUN
cjal-9190	553	14	were	be	AUX
cjal-9190	553	15	undertaken	undertake	VERB
cjal-9190	553	16	by	by	ADP
cjal-9190	553	17	other	other	ADJ
cjal-9190	553	18	types	type	NOUN
cjal-9190	553	19	of	of	ADP
cjal-9190	553	20	institutional	institutional	ADJ
cjal-9190	553	21	investors	investor	NOUN
cjal-9190	553	22	such	such	ADJ
cjal-9190	553	23	as	as	ADP
cjal-9190	553	24	trust	trust	NOUN
cjal-9190	553	25	companies	company	NOUN
cjal-9190	553	26	,	,	PUNCT
cjal-9190	553	27	securities	security	NOUN
cjal-9190	553	28	companies	company	NOUN
cjal-9190	553	29	,	,	PUNCT
cjal-9190	553	30	insurance	insurance	NOUN
cjal-9190	553	31	companies	company	NOUN
cjal-9190	553	32	,	,	PUNCT
cjal-9190	553	33	and	and	CCONJ
cjal-9190	553	34	other	other	ADJ
cjal-9190	553	35	professional	professional	ADJ
cjal-9190	553	36	institutions	institution	NOUN
cjal-9190	553	37	—	—	PUNCT
cjal-9190	553	38	illustrating	illustrate	VERB
cjal-9190	553	39	how	how	SCONJ
cjal-9190	553	40	other	other	ADJ
cjal-9190	553	41	types	type	NOUN
cjal-9190	553	42	of	of	ADP
cjal-9190	553	43	institutional	institutional	ADJ
cjal-9190	553	44	investors	investor	NOUN
cjal-9190	553	45	have	have	AUX
cjal-9190	553	46	started	start	VERB
cjal-9190	553	47	to	to	PART
cjal-9190	553	48	participate	participate	VERB
cjal-9190	553	49	in	in	ADP
cjal-9190	553	50	the	the	DET
cjal-9190	553	51	corporate	corporate	ADJ
cjal-9190	553	52	governance	governance	NOUN
cjal-9190	553	53	of	of	ADP
cjal-9190	553	54	investee	investee	NOUN
cjal-9190	553	55	companies	company	NOUN
cjal-9190	553	56	.	.	PUNCT
cjal-9190	554	1	this	this	PRON
cjal-9190	554	2	reinforces	reinforce	VERB
cjal-9190	554	3	the	the	DET
cjal-9190	554	4	importance	importance	NOUN
cjal-9190	554	5	of	of	ADP
cjal-9190	554	6	the	the	DET
cjal-9190	554	7	taxonomy	taxonomy	NOUN
cjal-9190	554	8	of	of	ADP
cjal-9190	554	9	institutional	institutional	ADJ
cjal-9190	554	10	investors	investor	NOUN
cjal-9190	554	11	described	describe	VERB
cjal-9190	554	12	in	in	ADP
cjal-9190	554	13	part	part	PROPN
cjal-9190	554	14	ii	ii	PROPN
cjal-9190	554	15	and	and	CCONJ
cjal-9190	554	16	highlights	highlight	NOUN
cjal-9190	554	17	why	why	SCONJ
cjal-9190	554	18	understanding	understand	VERB
cjal-9190	554	19	the	the	DET
cjal-9190	554	20	different	different	ADJ
cjal-9190	554	21	types	type	NOUN
cjal-9190	554	22	of	of	ADP
cjal-9190	554	23	regulatory	regulatory	ADJ
cjal-9190	554	24	regimes	regime	NOUN
cjal-9190	554	25	impacting	impact	VERB
cjal-9190	554	26	different	different	ADJ
cjal-9190	554	27	types	type	NOUN
cjal-9190	554	28	of	of	ADP
cjal-9190	554	29	institutional	institutional	ADJ
cjal-9190	554	30	investors	investor	NOUN
cjal-9190	554	31	is	be	AUX
cjal-9190	554	32	important	important	ADJ
cjal-9190	554	33	—	—	PUNCT
cjal-9190	554	34	which	which	PRON
cjal-9190	554	35	is	be	AUX
cjal-9190	554	36	the	the	DET
cjal-9190	554	37	focus	focus	NOUN
cjal-9190	554	38	of	of	ADP
cjal-9190	554	39	part	part	NOUN
cjal-9190	554	40	iv	iv	NOUN
cjal-9190	554	41	.	.	PUNCT
cjal-9190	554	42	sixth	sixth	ADJ
cjal-9190	554	43	,	,	PUNCT
cjal-9190	554	44	58.1	58.1	NUM
cjal-9190	554	45	%	%	NOUN
cjal-9190	554	46	(	(	PUNCT
cjal-9190	554	47	25	25	NUM
cjal-9190	554	48	out	out	ADP
cjal-9190	554	49	of	of	ADP
cjal-9190	554	50	43	43	NUM
cjal-9190	554	51	)	)	PUNCT
cjal-9190	554	52	activist	activist	ADJ
cjal-9190	554	53	campaigns	campaign	NOUN
cjal-9190	554	54	listed	list	VERB
cjal-9190	554	55	in	in	ADP
cjal-9190	554	56	appendix	appendix	NOUN
cjal-9190	554	57	2	2	NUM
cjal-9190	554	58	were	be	AUX
cjal-9190	554	59	successful	successful	ADJ
cjal-9190	554	60	,	,	PUNCT
cjal-9190	554	61	with	with	ADP
cjal-9190	554	62	successful	successful	ADJ
cjal-9190	554	63	campaigns	campaign	NOUN
cjal-9190	554	64	normally	normally	ADV
cjal-9190	554	65	resulting	result	VERB
cjal-9190	554	66	in	in	ADP
cjal-9190	554	67	institutional	institutional	ADJ
cjal-9190	554	68	investors	investor	NOUN
cjal-9190	554	69	having	have	VERB
cjal-9190	554	70	an	an	DET
cjal-9190	554	71	impact	impact	NOUN
cjal-9190	554	72	on	on	ADP
cjal-9190	554	73	corporate	corporate	ADJ
cjal-9190	554	74	governance	governance	NOUN
cjal-9190	554	75	by	by	ADP
cjal-9190	554	76	preventing	prevent	VERB
cjal-9190	554	77	the	the	DET
cjal-9190	554	78	company	company	NOUN
cjal-9190	554	79	from	from	ADP
cjal-9190	554	80	engaging	engage	VERB
cjal-9190	554	81	in	in	ADP
cjal-9190	554	82	a	a	DET
cjal-9190	554	83	transaction	transaction	NOUN
cjal-9190	554	84	118	118	NUM
cjal-9190	554	85	institutional	institutional	ADJ
cjal-9190	554	86	investors	investor	NOUN
cjal-9190	554	87	in	in	ADP
cjal-9190	554	88	china	china	PROPN
cjal-9190	555	1	[	[	X
cjal-9190	555	2	vol	vol	NOUN
cjal-9190	555	3	.	.	PUNCT
cjal-9190	555	4	35	35	NUM
cjal-9190	555	5	:	:	SYM
cjal-9190	555	6	74	74	NUM
cjal-9190	555	7	that	that	PRON
cjal-9190	555	8	would	would	AUX
cjal-9190	555	9	harm	harm	VERB
cjal-9190	555	10	minority	minority	NOUN
cjal-9190	555	11	shareholders	shareholder	NOUN
cjal-9190	555	12	or	or	CCONJ
cjal-9190	555	13	providing	provide	VERB
cjal-9190	555	14	minority	minority	NOUN
cjal-9190	555	15	shareholders	shareholder	NOUN
cjal-9190	555	16	with	with	ADP
cjal-9190	555	17	a	a	DET
cjal-9190	555	18	voice	voice	NOUN
cjal-9190	555	19	on	on	ADP
cjal-9190	555	20	the	the	DET
cjal-9190	555	21	board	board	NOUN
cjal-9190	555	22	.	.	PUNCT
cjal-9190	556	1	to	to	PART
cjal-9190	556	2	succeed	succeed	VERB
cjal-9190	556	3	,	,	PUNCT
cjal-9190	556	4	small	small	ADJ
cjal-9190	556	5	minority	minority	NOUN
cjal-9190	556	6	institutional	institutional	ADJ
cjal-9190	556	7	investors	investor	NOUN
cjal-9190	556	8	have	have	AUX
cjal-9190	556	9	had	have	VERB
cjal-9190	556	10	to	to	PART
cjal-9190	556	11	convince	convince	VERB
cjal-9190	556	12	other	other	ADJ
cjal-9190	556	13	investors	investor	NOUN
cjal-9190	556	14	to	to	PART
cjal-9190	556	15	support	support	VERB
cjal-9190	556	16	their	their	PRON
cjal-9190	556	17	proposals	proposal	NOUN
cjal-9190	556	18	—	—	PUNCT
cjal-9190	556	19	reinforcing	reinforce	VERB
cjal-9190	556	20	the	the	DET
cjal-9190	556	21	observation	observation	NOUN
cjal-9190	556	22	that	that	SCONJ
cjal-9190	556	23	such	such	ADJ
cjal-9190	556	24	campaigns	campaign	NOUN
cjal-9190	556	25	normally	normally	ADV
cjal-9190	556	26	only	only	ADV
cjal-9190	556	27	have	have	AUX
cjal-9190	556	28	a	a	DET
cjal-9190	556	29	chance	chance	NOUN
cjal-9190	556	30	to	to	PART
cjal-9190	556	31	succeed	succeed	VERB
cjal-9190	556	32	in	in	ADP
cjal-9190	556	33	dispersed	disperse	VERB
cjal-9190	556	34	companies	company	NOUN
cjal-9190	556	35	without	without	ADP
cjal-9190	556	36	a	a	DET
cjal-9190	556	37	dominant	dominant	ADJ
cjal-9190	556	38	controlling	control	VERB
cjal-9190	556	39	shareholder	shareholder	NOUN
cjal-9190	556	40	.	.	PUNCT
cjal-9190	557	1	the	the	DET
cjal-9190	557	2	only	only	ADJ
cjal-9190	557	3	successful	successful	ADJ
cjal-9190	557	4	hostile	hostile	ADJ
cjal-9190	557	5	takeover	takeover	NOUN
cjal-9190	557	6	bid	bid	NOUN
cjal-9190	557	7	by	by	ADP
cjal-9190	557	8	an	an	DET
cjal-9190	557	9	institutional	institutional	ADJ
cjal-9190	557	10	investor	investor	NOUN
cjal-9190	557	11	was	be	AUX
cjal-9190	557	12	executed	execute	VERB
cjal-9190	557	13	in	in	ADP
cjal-9190	557	14	2017	2017	NUM
cjal-9190	557	15	by	by	ADP
cjal-9190	557	16	zhemin	zhemin	NOUN
cjal-9190	557	17	tianhong	tianhong	NOUN
cjal-9190	557	18	investment	investment	NOUN
cjal-9190	557	19	partnership	partnership	NOUN
cjal-9190	557	20	(	(	PUNCT
cjal-9190	557	21	l.p	l.p	PROPN
cjal-9190	557	22	.	.	PROPN
cjal-9190	557	23	)	)	PUNCT
cjal-9190	557	24	in	in	ADP
cjal-9190	557	25	its	its	PRON
cjal-9190	557	26	successful	successful	ADJ
cjal-9190	557	27	$	$	SYM
cjal-9190	557	28	2.7	2.7	NUM
cjal-9190	557	29	billion	billion	NUM
cjal-9190	557	30	hostile	hostile	ADJ
cjal-9190	557	31	takeover	takeover	NOUN
cjal-9190	557	32	bid	bid	NOUN
cjal-9190	557	33	for	for	ADP
cjal-9190	557	34	zhenxing	zhenxing	NOUN
cjal-9190	557	35	biopharmaceutical	biopharmaceutical	PROPN
cjal-9190	557	36	and	and	CCONJ
cjal-9190	557	37	chemical	chemical	PROPN
cjal-9190	557	38	co.	co.	PROPN
cjal-9190	557	39	,	,	PUNCT
cjal-9190	557	40	ltd	ltd	PROPN
cjal-9190	557	41	.	.	PROPN
cjal-9190	557	42	147	147	NUM
cjal-9190	557	43	arguably	arguably	ADV
cjal-9190	557	44	the	the	DET
cjal-9190	557	45	key	key	NOUN
cjal-9190	557	46	to	to	ADP
cjal-9190	557	47	zhemin	zhemin	VERB
cjal-9190	557	48	tianhong	tianhong	NOUN
cjal-9190	557	49	investment	investment	NOUN
cjal-9190	557	50	partnership	partnership	NOUN
cjal-9190	557	51	(	(	PUNCT
cjal-9190	557	52	l.p	l.p	PROPN
cjal-9190	557	53	.	.	PROPN
cjal-9190	557	54	)	)	PUNCT
cjal-9190	557	55	’s	’s	PART
cjal-9190	557	56	success	success	NOUN
cjal-9190	557	57	was	be	AUX
cjal-9190	557	58	that	that	SCONJ
cjal-9190	557	59	zhenxing	zhenxing	NOUN
cjal-9190	557	60	biopharmaceutical	biopharmaceutical	NOUN
cjal-9190	557	61	was	be	AUX
cjal-9190	557	62	an	an	DET
cjal-9190	557	63	outlier	outlier	NOUN
cjal-9190	557	64	among	among	ADP
cjal-9190	557	65	a	a	DET
cjal-9190	557	66	-	-	PUNCT
cjal-9190	557	67	shares	share	NOUN
cjal-9190	557	68	companies	company	NOUN
cjal-9190	557	69	in	in	ADP
cjal-9190	557	70	terms	term	NOUN
cjal-9190	557	71	of	of	ADP
cjal-9190	557	72	having	have	VERB
cjal-9190	557	73	an	an	DET
cjal-9190	557	74	extremely	extremely	ADV
cjal-9190	557	75	dispersed	disperse	VERB
cjal-9190	557	76	shareholding	shareholding	NOUN
cjal-9190	557	77	structure	structure	NOUN
cjal-9190	557	78	—	—	PUNCT
cjal-9190	557	79	illustrating	illustrate	VERB
cjal-9190	557	80	how	how	SCONJ
cjal-9190	557	81	dispersed	disperse	VERB
cjal-9190	557	82	shareholding	shareholding	NOUN
cjal-9190	557	83	is	be	AUX
cjal-9190	557	84	a	a	DET
cjal-9190	557	85	key	key	ADJ
cjal-9190	557	86	factor	factor	NOUN
cjal-9190	557	87	in	in	ADP
cjal-9190	557	88	the	the	DET
cjal-9190	557	89	success	success	NOUN
cjal-9190	557	90	of	of	ADP
cjal-9190	557	91	activist	activist	ADJ
cjal-9190	557	92	campaigns	campaign	NOUN
cjal-9190	557	93	in	in	ADP
cjal-9190	557	94	a	a	DET
cjal-9190	557	95	-	-	PUNCT
cjal-9190	557	96	shares	share	NOUN
cjal-9190	557	97	companies	company	NOUN
cjal-9190	557	98	.	.	PUNCT
cjal-9190	558	1	finally	finally	ADV
cjal-9190	558	2	,	,	PUNCT
cjal-9190	558	3	we	we	PRON
cjal-9190	558	4	would	would	AUX
cjal-9190	558	5	be	be	AUX
cjal-9190	558	6	remiss	remiss	ADJ
cjal-9190	558	7	to	to	PART
cjal-9190	558	8	not	not	PART
cjal-9190	558	9	acknowledge	acknowledge	VERB
cjal-9190	558	10	what	what	PRON
cjal-9190	558	11	these	these	DET
cjal-9190	558	12	case	case	NOUN
cjal-9190	558	13	studies	study	NOUN
cjal-9190	558	14	can	can	AUX
cjal-9190	558	15	not	not	PART
cjal-9190	558	16	tell	tell	VERB
cjal-9190	558	17	us	we	PRON
cjal-9190	558	18	.	.	PUNCT
cjal-9190	559	1	institutional	institutional	ADJ
cjal-9190	559	2	investors	investor	NOUN
cjal-9190	559	3	often	often	ADV
cjal-9190	559	4	meet	meet	VERB
cjal-9190	559	5	and	and	CCONJ
cjal-9190	559	6	communicate	communicate	VERB
cjal-9190	559	7	with	with	ADP
cjal-9190	559	8	investee	investee	NOUN
cjal-9190	559	9	companies	company	NOUN
cjal-9190	559	10	informally	informally	ADV
cjal-9190	559	11	—	—	PUNCT
cjal-9190	559	12	which	which	PRON
cjal-9190	559	13	may	may	AUX
cjal-9190	559	14	have	have	VERB
cjal-9190	559	15	an	an	DET
cjal-9190	559	16	impact	impact	NOUN
cjal-9190	559	17	on	on	ADP
cjal-9190	559	18	corporate	corporate	ADJ
cjal-9190	559	19	governance	governance	NOUN
cjal-9190	559	20	.	.	PUNCT
cjal-9190	560	1	although	although	SCONJ
cjal-9190	560	2	most	most	ADJ
cjal-9190	560	3	of	of	ADP
cjal-9190	560	4	this	this	DET
cjal-9190	560	5	communication	communication	NOUN
cjal-9190	560	6	is	be	AUX
cjal-9190	560	7	normally	normally	ADV
cjal-9190	560	8	unobservable	unobservable	ADJ
cjal-9190	560	9	,	,	PUNCT
cjal-9190	560	10	cheng	cheng	PROPN
cjal-9190	560	11	et	et	PROPN
cjal-9190	560	12	al	al	PROPN
cjal-9190	560	13	.	.	PROPN
cjal-9190	560	14	examined	examine	VERB
cjal-9190	560	15	the	the	DET
cjal-9190	560	16	impact	impact	NOUN
cjal-9190	560	17	of	of	ADP
cjal-9190	560	18	“	"	PUNCT
cjal-9190	560	19	site	site	NOUN
cjal-9190	560	20	visits	visit	NOUN
cjal-9190	560	21	”	"	PUNCT
cjal-9190	560	22	(	(	PUNCT
cjal-9190	560	23	i.e.	i.e.	X
cjal-9190	560	24	,	,	PUNCT
cjal-9190	560	25	when	when	SCONJ
cjal-9190	560	26	investors	investor	NOUN
cjal-9190	560	27	visit	visit	VERB
cjal-9190	560	28	corporate	corporate	ADJ
cjal-9190	560	29	headquarters	headquarter	NOUN
cjal-9190	560	30	or	or	CCONJ
cjal-9190	560	31	manufacturing	manufacturing	NOUN
cjal-9190	560	32	facilities	facility	NOUN
cjal-9190	560	33	to	to	PART
cjal-9190	560	34	meet	meet	VERB
cjal-9190	560	35	with	with	ADP
cjal-9190	560	36	managers	manager	NOUN
cjal-9190	560	37	in	in	ADP
cjal-9190	560	38	a	a	DET
cjal-9190	560	39	-	-	PUNCT
cjal-9190	560	40	shares	share	NOUN
cjal-9190	560	41	companies).148	companies).148	NOUN
cjal-9190	560	42	these	these	DET
cjal-9190	560	43	“	"	PUNCT
cjal-9190	560	44	site	site	NOUN
cjal-9190	560	45	visits	visit	NOUN
cjal-9190	560	46	”	"	PUNCT
cjal-9190	560	47	are	be	AUX
cjal-9190	560	48	required	require	VERB
cjal-9190	560	49	to	to	PART
cjal-9190	560	50	be	be	AUX
cjal-9190	560	51	disclosed	disclose	VERB
cjal-9190	560	52	in	in	ADP
cjal-9190	560	53	the	the	DET
cjal-9190	560	54	annual	annual	ADJ
cjal-9190	560	55	reports	report	NOUN
cjal-9190	560	56	of	of	ADP
cjal-9190	560	57	a	a	DET
cjal-9190	560	58	-	-	PUNCT
cjal-9190	560	59	shares	share	NOUN
cjal-9190	560	60	companies	company	NOUN
cjal-9190	560	61	.	.	PUNCT
cjal-9190	561	1	they	they	PRON
cjal-9190	561	2	found	find	VERB
cjal-9190	561	3	a	a	DET
cjal-9190	561	4	significant	significant	ADJ
cjal-9190	561	5	positive	positive	ADJ
cjal-9190	561	6	market	market	NOUN
cjal-9190	561	7	reaction	reaction	NOUN
cjal-9190	561	8	to	to	ADP
cjal-9190	561	9	corporate	corporate	ADJ
cjal-9190	561	10	site	site	NOUN
cjal-9190	561	11	visits	visit	NOUN
cjal-9190	561	12	and	and	CCONJ
cjal-9190	561	13	that	that	SCONJ
cjal-9190	561	14	the	the	DET
cjal-9190	561	15	market	market	NOUN
cjal-9190	561	16	reaction	reaction	NOUN
cjal-9190	561	17	was	be	AUX
cjal-9190	561	18	stronger	strong	ADJ
cjal-9190	561	19	for	for	ADP
cjal-9190	561	20	visits	visit	NOUN
cjal-9190	561	21	conducted	conduct	VERB
cjal-9190	561	22	by	by	ADP
cjal-9190	561	23	sif	sif	NOUN
cjal-9190	561	24	managers.149	managers.149	NOUN
cjal-9190	561	25	this	this	PRON
cjal-9190	561	26	suggests	suggest	VERB
cjal-9190	561	27	that	that	SCONJ
cjal-9190	561	28	some	some	PRON
cjal-9190	561	29	of	of	ADP
cjal-9190	561	30	the	the	DET
cjal-9190	561	31	empirical	empirical	ADJ
cjal-9190	561	32	evidence	evidence	NOUN
cjal-9190	561	33	described	describe	VERB
cjal-9190	561	34	above	above	ADP
cjal-9190	561	35	,	,	PUNCT
cjal-9190	561	36	which	which	PRON
cjal-9190	561	37	finds	find	VERB
cjal-9190	561	38	that	that	SCONJ
cjal-9190	561	39	sifs	sif	NOUN
cjal-9190	561	40	have	have	VERB
cjal-9190	561	41	a	a	DET
cjal-9190	561	42	positive	positive	ADJ
cjal-9190	561	43	impact	impact	NOUN
cjal-9190	561	44	on	on	ADP
cjal-9190	561	45	corporate	corporate	ADJ
cjal-9190	561	46	governance	governance	NOUN
cjal-9190	561	47	,	,	PUNCT
cjal-9190	561	48	may	may	AUX
cjal-9190	561	49	result	result	VERB
cjal-9190	561	50	from	from	ADP
cjal-9190	561	51	informal	informal	ADJ
cjal-9190	561	52	activities	activity	NOUN
cjal-9190	561	53	and	and	CCONJ
cjal-9190	561	54	may	may	AUX
cjal-9190	561	55	not	not	PART
cjal-9190	561	56	be	be	AUX
cjal-9190	561	57	reflected	reflect	VERB
cjal-9190	561	58	in	in	ADP
cjal-9190	561	59	activist	activist	ADJ
cjal-9190	561	60	campaigns	campaign	NOUN
cjal-9190	561	61	.	.	PUNCT
cjal-9190	562	1	we	we	PRON
cjal-9190	562	2	are	be	AUX
cjal-9190	562	3	unaware	unaware	ADJ
cjal-9190	562	4	of	of	ADP
cjal-9190	562	5	any	any	DET
cjal-9190	562	6	similar	similar	ADJ
cjal-9190	562	7	research	research	NOUN
cjal-9190	562	8	that	that	PRON
cjal-9190	562	9	has	have	AUX
cjal-9190	562	10	focused	focus	VERB
cjal-9190	562	11	on	on	ADP
cjal-9190	562	12	foreign	foreign	ADJ
cjal-9190	562	13	institutional	institutional	ADJ
cjal-9190	562	14	investors	investor	NOUN
cjal-9190	562	15	,	,	PUNCT
cjal-9190	562	16	but	but	CCONJ
cjal-9190	562	17	this	this	PRON
cjal-9190	562	18	also	also	ADV
cjal-9190	562	19	raises	raise	VERB
cjal-9190	562	20	the	the	DET
cjal-9190	562	21	possibility	possibility	NOUN
cjal-9190	562	22	that	that	SCONJ
cjal-9190	562	23	the	the	DET
cjal-9190	562	24	empirical	empirical	ADJ
cjal-9190	562	25	evidence	evidence	NOUN
cjal-9190	562	26	which	which	PRON
cjal-9190	562	27	suggests	suggest	VERB
cjal-9190	562	28	that	that	SCONJ
cjal-9190	562	29	they	they	PRON
cjal-9190	562	30	have	have	VERB
cjal-9190	562	31	a	a	DET
cjal-9190	562	32	positive	positive	ADJ
cjal-9190	562	33	impact	impact	NOUN
cjal-9190	562	34	on	on	ADP
cjal-9190	562	35	the	the	DET
cjal-9190	562	36	corporate	corporate	ADJ
cjal-9190	562	37	governance	governance	NOUN
cjal-9190	562	38	of	of	ADP
cjal-9190	562	39	a	a	DET
cjal-9190	562	40	-	-	PUNCT
cjal-9190	562	41	shares	share	NOUN
cjal-9190	562	42	companies	company	NOUN
cjal-9190	562	43	may	may	AUX
cjal-9190	562	44	be	be	AUX
cjal-9190	562	45	related	relate	VERB
cjal-9190	562	46	to	to	ADP
cjal-9190	562	47	their	their	PRON
cjal-9190	562	48	informal	informal	ADJ
cjal-9190	562	49	activities	activity	NOUN
cjal-9190	562	50	.	.	PUNCT
cjal-9190	563	1	more	more	ADJ
cjal-9190	563	2	research	research	NOUN
cjal-9190	563	3	will	will	AUX
cjal-9190	563	4	have	have	VERB
cjal-9190	563	5	to	to	PART
cjal-9190	563	6	be	be	AUX
cjal-9190	563	7	done	do	VERB
cjal-9190	563	8	to	to	PART
cjal-9190	563	9	confirm	confirm	VERB
cjal-9190	563	10	whether	whether	SCONJ
cjal-9190	563	11	this	this	PRON
cjal-9190	563	12	is	be	AUX
cjal-9190	563	13	the	the	DET
cjal-9190	563	14	case	case	NOUN
cjal-9190	563	15	.	.	PUNCT
cjal-9190	564	1	147	147	NUM
cjal-9190	564	2	zhenxing	zhenxing	NOUN
cjal-9190	564	3	biopharmaceutical	biopharmaceutical	NOUN
cjal-9190	564	4	and	and	CCONJ
cjal-9190	564	5	chemical	chemical	PROPN
cjal-9190	564	6	co.	co.	PROPN
cjal-9190	564	7	,	,	PUNCT
cjal-9190	564	8	ltd	ltd	PROPN
cjal-9190	564	9	.	.	PROPN
cjal-9190	564	10	has	have	AUX
cjal-9190	564	11	changed	change	VERB
cjal-9190	564	12	its	its	PRON
cjal-9190	564	13	name	name	NOUN
cjal-9190	564	14	to	to	ADP
cjal-9190	564	15	pacific	pacific	PROPN
cjal-9190	564	16	shuanglin	shuanglin	PROPN
cjal-9190	564	17	bio	bio	PROPN
cjal-9190	564	18	-	-	PUNCT
cjal-9190	564	19	pharmacy	pharmacy	PROPN
cjal-9190	564	20	co.	co.	PROPN
cjal-9190	564	21	,	,	PUNCT
cjal-9190	564	22	ltd	ltd	PROPN
cjal-9190	564	23	.	.	PROPN
cjal-9190	564	24	,	,	PUNCT
cjal-9190	564	25	see	see	VERB
cjal-9190	564	26	,	,	PUNCT
cjal-9190	564	27	fu	fu	NOUN
cjal-9190	564	28	jianqing	jianqe	VERB
cjal-9190	564	29	(	(	PUNCT
cjal-9190	564	30	付健青	付健青	ADV
cjal-9190	564	31	)	)	PUNCT
cjal-9190	564	32	,	,	PUNCT
cjal-9190	564	33	decoding	decode	VERB
cjal-9190	564	34	the	the	DET
cjal-9190	564	35	first	first	ADJ
cjal-9190	564	36	successful	successful	ADJ
cjal-9190	564	37	market	market	NOUN
cjal-9190	564	38	-	-	PUNCT
cjal-9190	564	39	oriented	orient	VERB
cjal-9190	564	40	hostile	hostile	ADJ
cjal-9190	564	41	acquisition	acquisition	NOUN
cjal-9190	564	42	of	of	ADP
cjal-9190	564	43	a	a	DET
cjal-9190	564	44	-	-	PUNCT
cjal-9190	564	45	shares	share	NOUN
cjal-9190	564	46	(	(	PUNCT
cjal-9190	564	47	解码	解码	NOUN
cjal-9190	564	48	a	a	DET
cjal-9190	564	49	股首例	股首例	NOUN
cjal-9190	565	1	成	成	PRON
cjal-9190	565	2	功	功	VERB
cjal-9190	565	3	市	市	PROPN
cjal-9190	565	4	场	场	PROPN
cjal-9190	565	5	化	化	PROPN
cjal-9190	565	6	敌	敌	PROPN
cjal-9190	565	7	意	意	PROPN
cjal-9190	565	8	收	收	X
cjal-9190	565	9	购	购	ADP
cjal-9190	565	10	案	案	PROPN
cjal-9190	565	11	)	)	PUNCT
cjal-9190	565	12	,	,	PUNCT
cjal-9190	565	13	jnj	jnj	PROPN
cjal-9190	565	14	(	(	PUNCT
cjal-9190	565	15	june	june	PROPN
cjal-9190	565	16	29	29	NUM
cjal-9190	565	17	,	,	PUNCT
cjal-9190	565	18	2018	2018	NUM
cjal-9190	565	19	)	)	PUNCT
cjal-9190	565	20	,	,	PUNCT
cjal-9190	565	21	https://m.jrj.com.cn/madapter/stock/2018/06/29033024743240.shtml	https://m.jrj.com.cn/madapter/stock/2018/06/29033024743240.shtml	NUM
cjal-9190	565	22	.	.	PUNCT
cjal-9190	566	1	148	148	NUM
cjal-9190	566	2	qiang	qiang	PROPN
cjal-9190	566	3	cheng	cheng	PROPN
cjal-9190	566	4	et	et	PROPN
cjal-9190	566	5	al	al	PROPN
cjal-9190	566	6	.	.	PROPN
cjal-9190	566	7	,	,	PUNCT
cjal-9190	566	8	do	do	VERB
cjal-9190	566	9	corporate	corporate	ADJ
cjal-9190	566	10	site	site	NOUN
cjal-9190	566	11	visits	visit	NOUN
cjal-9190	566	12	impact	impact	NOUN
cjal-9190	566	13	stock	stock	NOUN
cjal-9190	566	14	prices	price	NOUN
cjal-9190	566	15	?	?	PUNCT
cjal-9190	567	1	36	36	NUM
cjal-9190	567	2	contemp	contemp	NOUN
cjal-9190	567	3	.	.	PUNCT
cjal-9190	568	1	acct	acct	NOUN
cjal-9190	568	2	.	.	PUNCT
cjal-9190	569	1	res	re	NOUN
cjal-9190	569	2	.	.	PUNCT
cjal-9190	570	1	359	359	NUM
cjal-9190	570	2	,	,	PUNCT
cjal-9190	570	3	364	364	NUM
cjal-9190	570	4	(	(	PUNCT
cjal-9190	570	5	2019	2019	NUM
cjal-9190	570	6	)	)	PUNCT
cjal-9190	570	7	.	.	PUNCT
cjal-9190	571	1	149	149	NUM
cjal-9190	572	1	i	i	PRON
cjal-9190	572	2	d.	d.	PROPN
cjal-9190	572	3	at	at	ADP
cjal-9190	572	4	381	381	NUM
cjal-9190	572	5	.	.	PUNCT
cjal-9190	572	6	2022	2022	NUM
cjal-9190	572	7	]	]	PUNCT
cjal-9190	572	8	columbia	columbia	PROPN
cjal-9190	572	9	journal	journal	PROPN
cjal-9190	572	10	of	of	ADP
cjal-9190	572	11	asian	asian	ADJ
cjal-9190	572	12	law	law	NOUN
cjal-9190	572	13	119	119	NUM
cjal-9190	572	14	in	in	ADP
cjal-9190	572	15	sum	sum	NOUN
cjal-9190	572	16	,	,	PUNCT
cjal-9190	572	17	the	the	DET
cjal-9190	572	18	relative	relative	ADJ
cjal-9190	572	19	infrequency	infrequency	NOUN
cjal-9190	572	20	of	of	ADP
cjal-9190	572	21	activist	activist	ADJ
cjal-9190	572	22	campaigns	campaign	NOUN
cjal-9190	572	23	illustrates	illustrate	VERB
cjal-9190	572	24	how	how	SCONJ
cjal-9190	572	25	a	a	DET
cjal-9190	572	26	-	-	PUNCT
cjal-9190	572	27	shares	share	NOUN
cjal-9190	572	28	companies	company	NOUN
cjal-9190	572	29	are	be	AUX
cjal-9190	572	30	still	still	ADV
cjal-9190	572	31	dominated	dominate	VERB
cjal-9190	572	32	by	by	ADP
cjal-9190	572	33	controlling	control	VERB
cjal-9190	572	34	shareholders	shareholder	NOUN
cjal-9190	572	35	—	—	PUNCT
cjal-9190	572	36	with	with	ADP
cjal-9190	572	37	institutional	institutional	ADJ
cjal-9190	572	38	shareholders	shareholder	NOUN
cjal-9190	572	39	remaining	remain	VERB
cjal-9190	572	40	a	a	DET
cjal-9190	572	41	small	small	ADJ
cjal-9190	572	42	minority	minority	NOUN
cjal-9190	572	43	.	.	PUNCT
cjal-9190	573	1	however	however	ADV
cjal-9190	573	2	,	,	PUNCT
cjal-9190	573	3	the	the	DET
cjal-9190	573	4	rise	rise	NOUN
cjal-9190	573	5	in	in	ADP
cjal-9190	573	6	the	the	DET
cjal-9190	573	7	number	number	NOUN
cjal-9190	573	8	of	of	ADP
cjal-9190	573	9	activist	activist	ADJ
cjal-9190	573	10	campaigns	campaign	NOUN
cjal-9190	573	11	over	over	ADP
cjal-9190	573	12	the	the	DET
cjal-9190	573	13	last	last	ADJ
cjal-9190	573	14	decade	decade	NOUN
cjal-9190	573	15	appears	appear	VERB
cjal-9190	573	16	to	to	PART
cjal-9190	573	17	confirm	confirm	VERB
cjal-9190	573	18	the	the	DET
cjal-9190	573	19	rising	rise	VERB
cjal-9190	573	20	shareholder	shareholder	NOUN
cjal-9190	573	21	power	power	NOUN
cjal-9190	573	22	of	of	ADP
cjal-9190	573	23	institutional	institutional	ADJ
cjal-9190	573	24	investors	investor	NOUN
cjal-9190	573	25	highlighted	highlight	VERB
cjal-9190	573	26	in	in	ADP
cjal-9190	573	27	part	part	PROPN
cjal-9190	573	28	ii	ii	PROPN
cjal-9190	573	29	.	.	PUNCT
cjal-9190	574	1	the	the	DET
cjal-9190	574	2	increasing	increase	VERB
cjal-9190	574	3	variety	variety	NOUN
cjal-9190	574	4	in	in	ADP
cjal-9190	574	5	the	the	DET
cjal-9190	574	6	types	type	NOUN
cjal-9190	574	7	of	of	ADP
cjal-9190	574	8	institutional	institutional	ADJ
cjal-9190	574	9	investors	investor	NOUN
cjal-9190	574	10	executing	execute	VERB
cjal-9190	574	11	activist	activist	ADJ
cjal-9190	574	12	campaigns	campaign	NOUN
cjal-9190	574	13	also	also	ADV
cjal-9190	574	14	confirms	confirm	VERB
cjal-9190	574	15	the	the	DET
cjal-9190	574	16	atomization	atomization	NOUN
cjal-9190	574	17	of	of	ADP
cjal-9190	574	18	institutional	institutional	ADJ
cjal-9190	574	19	investors	investor	NOUN
cjal-9190	574	20	and	and	CCONJ
cjal-9190	574	21	the	the	DET
cjal-9190	574	22	value	value	NOUN
cjal-9190	574	23	of	of	ADP
cjal-9190	574	24	the	the	DET
cjal-9190	574	25	taxonomy	taxonomy	NOUN
cjal-9190	574	26	of	of	ADP
cjal-9190	574	27	institutional	institutional	ADJ
cjal-9190	574	28	investors	investor	NOUN
cjal-9190	574	29	in	in	ADP
cjal-9190	574	30	part	part	PROPN
cjal-9190	574	31	ii	ii	PROPN
cjal-9190	574	32	.	.	PUNCT
cjal-9190	575	1	perhaps	perhaps	ADV
cjal-9190	575	2	,	,	PUNCT
cjal-9190	575	3	most	most	ADV
cjal-9190	575	4	interesting	interesting	ADJ
cjal-9190	575	5	,	,	PUNCT
cjal-9190	575	6	is	be	AUX
cjal-9190	575	7	the	the	DET
cjal-9190	575	8	extent	extent	NOUN
cjal-9190	575	9	to	to	PART
cjal-9190	575	10	which	which	DET
cjal-9190	575	11	soiis	soiis	NOUN
cjal-9190	575	12	have	have	AUX
cjal-9190	575	13	executed	execute	VERB
cjal-9190	575	14	campaigns	campaign	NOUN
cjal-9190	575	15	against	against	ADP
cjal-9190	575	16	soes	soe	NOUN
cjal-9190	575	17	and	and	CCONJ
cjal-9190	575	18	poiis	poiis	NOUN
cjal-9190	575	19	have	have	AUX
cjal-9190	575	20	succeeded	succeed	VERB
cjal-9190	575	21	in	in	ADP
cjal-9190	575	22	campaigns	campaign	NOUN
cjal-9190	575	23	against	against	ADP
cjal-9190	575	24	soes	soe	NOUN
cjal-9190	575	25	.	.	PUNCT
cjal-9190	576	1	this	this	PRON
cjal-9190	576	2	illustrates	illustrate	VERB
cjal-9190	576	3	the	the	DET
cjal-9190	576	4	complexity	complexity	NOUN
cjal-9190	576	5	and	and	CCONJ
cjal-9190	576	6	sophistication	sophistication	NOUN
cjal-9190	576	7	of	of	ADP
cjal-9190	576	8	china	china	PROPN
cjal-9190	576	9	’s	’s	PART
cjal-9190	576	10	unique	unique	ADJ
cjal-9190	576	11	system	system	NOUN
cjal-9190	576	12	of	of	ADP
cjal-9190	576	13	corporate	corporate	ADJ
cjal-9190	576	14	governance	governance	NOUN
cjal-9190	576	15	,	,	PUNCT
cjal-9190	576	16	in	in	ADP
cjal-9190	576	17	which	which	PRON
cjal-9190	576	18	the	the	DET
cjal-9190	576	19	ccp	ccp	PROPN
cjal-9190	576	20	maintains	maintain	VERB
cjal-9190	576	21	ultimate	ultimate	ADJ
cjal-9190	576	22	control	control	NOUN
cjal-9190	576	23	,	,	PUNCT
cjal-9190	576	24	while	while	SCONJ
cjal-9190	576	25	promoting	promote	VERB
cjal-9190	576	26	checks	check	NOUN
cjal-9190	576	27	and	and	CCONJ
cjal-9190	576	28	balances	balance	NOUN
cjal-9190	576	29	within	within	ADP
cjal-9190	576	30	the	the	DET
cjal-9190	576	31	government	government	NOUN
cjal-9190	576	32	and	and	CCONJ
cjal-9190	576	33	a	a	DET
cjal-9190	576	34	“	"	PUNCT
cjal-9190	576	35	free	free	ADJ
cjal-9190	576	36	market	market	NOUN
cjal-9190	576	37	within	within	ADP
cjal-9190	576	38	the	the	DET
cjal-9190	576	39	state	state	NOUN
cjal-9190	576	40	”	"	PUNCT
cjal-9190	576	41	.	.	PUNCT
cjal-9190	577	1	it	it	PRON
cjal-9190	577	2	is	be	AUX
cjal-9190	577	3	to	to	ADP
cjal-9190	577	4	this	this	PRON
cjal-9190	577	5	that	that	SCONJ
cjal-9190	577	6	we	we	PRON
cjal-9190	577	7	now	now	ADV
cjal-9190	577	8	turn	turn	VERB
cjal-9190	577	9	.	.	PUNCT
cjal-9190	578	1	iv	iv	X
cjal-9190	578	2	.	.	PUNCT
cjal-9190	579	1	the	the	DET
cjal-9190	579	2	dual	dual	ADJ
cjal-9190	579	3	roles	role	NOUN
cjal-9190	579	4	of	of	ADP
cjal-9190	579	5	institutional	institutional	ADJ
cjal-9190	579	6	investors	investor	NOUN
cjal-9190	579	7	in	in	ADP
cjal-9190	579	8	china	china	PROPN
cjal-9190	579	9	:	:	PUNCT
cjal-9190	579	10	corporate	corporate	ADJ
cjal-9190	579	11	governance	governance	NOUN
cjal-9190	579	12	and	and	CCONJ
cjal-9190	579	13	policy	policy	NOUN
cjal-9190	579	14	channeling	channel	VERB
cjal-9190	579	15	a.	a.	NOUN
cjal-9190	579	16	illuminating	illuminate	VERB
cjal-9190	579	17	the	the	DET
cjal-9190	579	18	ccps	ccp	NOUN
cjal-9190	579	19	targeted	target	VERB
cjal-9190	579	20	use	use	NOUN
cjal-9190	579	21	of	of	ADP
cjal-9190	579	22	policy	policy	NOUN
cjal-9190	579	23	channeling	channel	VERB
cjal-9190	579	24	in	in	ADP
cjal-9190	579	25	an	an	DET
cjal-9190	579	26	otherwise	otherwise	ADV
cjal-9190	579	27	free	free	ADJ
cjal-9190	579	28	-	-	PUNCT
cjal-9190	579	29	market	market	NOUN
cjal-9190	579	30	the	the	DET
cjal-9190	579	31	empirical	empirical	ADJ
cjal-9190	579	32	research	research	NOUN
cjal-9190	579	33	and	and	CCONJ
cjal-9190	579	34	activist	activist	ADJ
cjal-9190	579	35	campaigns	campaign	NOUN
cjal-9190	579	36	in	in	ADP
cjal-9190	579	37	part	part	NOUN
cjal-9190	579	38	iii	iii	NUM
cjal-9190	579	39	suggest	suggest	VERB
cjal-9190	579	40	that	that	SCONJ
cjal-9190	579	41	there	there	PRON
cjal-9190	579	42	is	be	VERB
cjal-9190	579	43	a	a	DET
cjal-9190	579	44	complex	complex	ADJ
cjal-9190	579	45	relationship	relationship	NOUN
cjal-9190	579	46	between	between	ADP
cjal-9190	579	47	the	the	DET
cjal-9190	579	48	ccp	ccp	PROPN
cjal-9190	579	49	and	and	CCONJ
cjal-9190	579	50	the	the	DET
cjal-9190	579	51	role	role	NOUN
cjal-9190	579	52	that	that	PRON
cjal-9190	579	53	institutional	institutional	ADJ
cjal-9190	579	54	investors	investor	NOUN
cjal-9190	579	55	play	play	VERB
cjal-9190	579	56	in	in	ADP
cjal-9190	579	57	chinese	chinese	ADJ
cjal-9190	579	58	corporate	corporate	ADJ
cjal-9190	579	59	governance	governance	NOUN
cjal-9190	579	60	.	.	PUNCT
cjal-9190	580	1	this	this	DET
cjal-9190	580	2	part	part	NOUN
cjal-9190	580	3	aims	aim	VERB
cjal-9190	580	4	to	to	PART
cjal-9190	580	5	make	make	VERB
cjal-9190	580	6	sense	sense	NOUN
cjal-9190	580	7	out	out	ADP
cjal-9190	580	8	of	of	ADP
cjal-9190	580	9	this	this	DET
cjal-9190	580	10	complexity	complexity	NOUN
cjal-9190	580	11	by	by	ADP
cjal-9190	580	12	mapping	map	VERB
cjal-9190	580	13	the	the	DET
cjal-9190	580	14	formal	formal	ADJ
cjal-9190	580	15	and	and	CCONJ
cjal-9190	580	16	informal	informal	ADJ
cjal-9190	580	17	mechanisms	mechanism	NOUN
cjal-9190	580	18	that	that	PRON
cjal-9190	580	19	the	the	DET
cjal-9190	580	20	ccp	ccp	PROPN
cjal-9190	580	21	utilizes	utilize	VERB
cjal-9190	580	22	to	to	PART
cjal-9190	580	23	engage	engage	VERB
cjal-9190	580	24	in	in	ADP
cjal-9190	580	25	policy	policy	NOUN
cjal-9190	580	26	channeling	channeling	NOUN
cjal-9190	580	27	.	.	PUNCT
cjal-9190	581	1	we	we	PRON
cjal-9190	581	2	demonstrate	demonstrate	VERB
cjal-9190	581	3	that	that	SCONJ
cjal-9190	581	4	the	the	DET
cjal-9190	581	5	ccp	ccp	PROPN
cjal-9190	581	6	can	can	AUX
cjal-9190	581	7	—	—	PUNCT
cjal-9190	581	8	and	and	CCONJ
cjal-9190	581	9	has	have	AUX
cjal-9190	581	10	—	—	PUNCT
cjal-9190	581	11	used	use	VERB
cjal-9190	581	12	various	various	ADJ
cjal-9190	581	13	mechanisms	mechanism	NOUN
cjal-9190	581	14	to	to	PART
cjal-9190	581	15	engage	engage	VERB
cjal-9190	581	16	in	in	ADP
cjal-9190	581	17	policy	policy	NOUN
cjal-9190	581	18	channeling	channel	VERB
cjal-9190	581	19	in	in	ADP
cjal-9190	581	20	soiis	soiis	NOUN
cjal-9190	581	21	and	and	CCONJ
cjal-9190	581	22	poiis	poiis	ADJ
cjal-9190	581	23	.	.	PUNCT
cjal-9190	582	1	interestingly	interestingly	ADV
cjal-9190	582	2	,	,	PUNCT
cjal-9190	582	3	for	for	ADP
cjal-9190	582	4	soiis	soiis	NOUN
cjal-9190	582	5	and	and	CCONJ
cjal-9190	582	6	poiis	poiis	NOUN
cjal-9190	582	7	there	there	PRON
cjal-9190	582	8	are	be	VERB
cjal-9190	582	9	two	two	NUM
cjal-9190	582	10	distinct	distinct	ADJ
cjal-9190	582	11	paths	path	NOUN
cjal-9190	582	12	—	—	PUNCT
cjal-9190	582	13	composed	compose	VERB
cjal-9190	582	14	of	of	ADP
cjal-9190	582	15	various	various	ADJ
cjal-9190	582	16	government	government	NOUN
cjal-9190	582	17	bodies	body	NOUN
cjal-9190	582	18	,	,	PUNCT
cjal-9190	582	19	regulations	regulation	NOUN
cjal-9190	582	20	,	,	PUNCT
cjal-9190	582	21	and	and	CCONJ
cjal-9190	582	22	tactics	tactic	NOUN
cjal-9190	582	23	—	—	PUNCT
cjal-9190	582	24	for	for	ADP
cjal-9190	582	25	engaging	engage	VERB
cjal-9190	582	26	in	in	ADP
cjal-9190	582	27	policy	policy	NOUN
cjal-9190	582	28	channeling	channeling	NOUN
cjal-9190	582	29	;	;	PUNCT
cjal-9190	582	30	with	with	ADP
cjal-9190	582	31	foiis	foiis	PROPN
cjal-9190	582	32	being	be	AUX
cjal-9190	582	33	largely	largely	ADV
cjal-9190	582	34	insulated	insulate	VERB
cjal-9190	582	35	from	from	ADP
cjal-9190	582	36	both	both	DET
cjal-9190	582	37	paths	path	NOUN
cjal-9190	582	38	.	.	PUNCT
cjal-9190	583	1	equally	equally	ADV
cjal-9190	583	2	as	as	ADV
cjal-9190	583	3	important	important	ADJ
cjal-9190	583	4	is	be	AUX
cjal-9190	583	5	our	our	PRON
cjal-9190	583	6	evidence	evidence	NOUN
cjal-9190	583	7	that	that	SCONJ
cjal-9190	583	8	the	the	DET
cjal-9190	583	9	ccp	ccp	PROPN
cjal-9190	583	10	uses	use	VERB
cjal-9190	583	11	its	its	PRON
cjal-9190	583	12	power	power	NOUN
cjal-9190	583	13	to	to	ADP
cjal-9190	583	14	policy	policy	NOUN
cjal-9190	583	15	channel	channel	NOUN
cjal-9190	583	16	in	in	ADP
cjal-9190	583	17	a	a	DET
cjal-9190	583	18	targeted	target	VERB
cjal-9190	583	19	and	and	CCONJ
cjal-9190	583	20	limited	limited	ADJ
cjal-9190	583	21	way	way	NOUN
cjal-9190	583	22	surrounding	surround	VERB
cjal-9190	583	23	significant	significant	ADJ
cjal-9190	583	24	stock	stock	NOUN
cjal-9190	583	25	market	market	NOUN
cjal-9190	583	26	and	and	CCONJ
cjal-9190	583	27	political	political	ADJ
cjal-9190	583	28	events	event	NOUN
cjal-9190	583	29	.	.	PUNCT
cjal-9190	584	1	on	on	ADP
cjal-9190	584	2	a	a	DET
cjal-9190	584	3	day	day	NOUN
cjal-9190	584	4	-	-	PUNCT
cjal-9190	584	5	to	to	ADP
cjal-9190	584	6	-	-	PUNCT
cjal-9190	584	7	day	day	NOUN
cjal-9190	584	8	basis	basis	NOUN
cjal-9190	584	9	,	,	PUNCT
cjal-9190	584	10	absent	absent	ADJ
cjal-9190	584	11	these	these	DET
cjal-9190	584	12	extraordinary	extraordinary	ADJ
cjal-9190	584	13	events	event	NOUN
cjal-9190	584	14	,	,	PUNCT
cjal-9190	584	15	institutional	institutional	ADJ
cjal-9190	584	16	investors	investor	NOUN
cjal-9190	584	17	in	in	ADP
cjal-9190	584	18	china	china	PROPN
cjal-9190	584	19	appear	appear	VERB
cjal-9190	584	20	to	to	PART
cjal-9190	584	21	be	be	AUX
cjal-9190	584	22	driven	drive	VERB
cjal-9190	584	23	by	by	ADP
cjal-9190	584	24	free	free	ADJ
cjal-9190	584	25	market	market	NOUN
cjal-9190	584	26	-	-	PUNCT
cjal-9190	584	27	forces	force	NOUN
cjal-9190	584	28	.	.	PUNCT
cjal-9190	585	1	empirical	empirical	ADJ
cjal-9190	585	2	,	,	PUNCT
cjal-9190	585	3	interview	interview	NOUN
cjal-9190	585	4	,	,	PUNCT
cjal-9190	585	5	and	and	CCONJ
cjal-9190	585	6	case	case	NOUN
cjal-9190	585	7	study	study	NOUN
cjal-9190	585	8	evidence	evidence	NOUN
cjal-9190	585	9	suggests	suggest	VERB
cjal-9190	585	10	that	that	SCONJ
cjal-9190	585	11	institutional	institutional	ADJ
cjal-9190	585	12	investors	investor	NOUN
cjal-9190	585	13	often	often	ADV
cjal-9190	585	14	serve	serve	VERB
cjal-9190	585	15	an	an	DET
cjal-9190	585	16	important	important	ADJ
cjal-9190	585	17	corporate	corporate	ADJ
cjal-9190	585	18	governance	governance	NOUN
cjal-9190	585	19	function	function	NOUN
cjal-9190	585	20	by	by	ADP
cjal-9190	585	21	acting	act	VERB
cjal-9190	585	22	as	as	ADP
cjal-9190	585	23	a	a	DET
cjal-9190	585	24	check	check	NOUN
cjal-9190	585	25	on	on	ADP
cjal-9190	585	26	corporate	corporate	ADJ
cjal-9190	585	27	controllers	controller	NOUN
cjal-9190	585	28	in	in	ADP
cjal-9190	585	29	soes	soe	NOUN
cjal-9190	585	30	and	and	CCONJ
cjal-9190	585	31	poes	poe	NOUN
cjal-9190	585	32	.	.	PUNCT
cjal-9190	586	1	this	this	PRON
cjal-9190	586	2	fits	fit	VERB
cjal-9190	586	3	with	with	ADP
cjal-9190	586	4	other	other	ADJ
cjal-9190	586	5	research	research	NOUN
cjal-9190	586	6	on	on	ADP
cjal-9190	586	7	chinese	chinese	ADJ
cjal-9190	586	8	corporate	corporate	ADJ
cjal-9190	586	9	governance	governance	NOUN
cjal-9190	586	10	that	that	PRON
cjal-9190	586	11	demonstrates	demonstrate	VERB
cjal-9190	586	12	that	that	SCONJ
cjal-9190	586	13	the	the	DET
cjal-9190	586	14	government	government	NOUN
cjal-9190	586	15	has	have	AUX
cjal-9190	586	16	created	create	VERB
cjal-9190	586	17	a	a	DET
cjal-9190	586	18	system	system	NOUN
cjal-9190	586	19	to	to	PART
cjal-9190	586	20	mitigate	mitigate	VERB
cjal-9190	586	21	private	private	ADJ
cjal-9190	586	22	benefits	benefit	NOUN
cjal-9190	586	23	of	of	ADP
cjal-9190	586	24	120	120	NUM
cjal-9190	586	25	institutional	institutional	ADJ
cjal-9190	586	26	investors	investor	NOUN
cjal-9190	586	27	in	in	ADP
cjal-9190	586	28	china	china	PROPN
cjal-9190	587	1	[	[	X
cjal-9190	587	2	vol	vol	NOUN
cjal-9190	587	3	.	.	PUNCT
cjal-9190	587	4	35	35	NUM
cjal-9190	587	5	:	:	SYM
cjal-9190	587	6	74	74	NUM
cjal-9190	587	7	control	control	NOUN
cjal-9190	587	8	—	—	PUNCT
cjal-9190	587	9	even	even	ADV
cjal-9190	587	10	when	when	SCONJ
cjal-9190	587	11	it	it	PRON
cjal-9190	587	12	means	mean	VERB
cjal-9190	587	13	constraining	constrain	VERB
cjal-9190	587	14	the	the	DET
cjal-9190	587	15	power	power	NOUN
cjal-9190	587	16	of	of	ADP
cjal-9190	587	17	soes	soe	NOUN
cjal-9190	587	18	—	—	PUNCT
cjal-9190	587	19	while	while	SCONJ
cjal-9190	587	20	at	at	ADP
cjal-9190	587	21	the	the	DET
cjal-9190	587	22	same	same	ADJ
cjal-9190	587	23	time	time	NOUN
cjal-9190	587	24	ensuring	ensure	VERB
cjal-9190	587	25	the	the	DET
cjal-9190	587	26	ccp	ccp	PROPN
cjal-9190	587	27	maintains	maintain	VERB
cjal-9190	587	28	ultimate	ultimate	ADJ
cjal-9190	587	29	control.150	control.150	NOUN
cjal-9190	587	30	ultimately	ultimately	ADV
cjal-9190	587	31	,	,	PUNCT
cjal-9190	587	32	it	it	PRON
cjal-9190	587	33	appears	appear	VERB
cjal-9190	587	34	that	that	SCONJ
cjal-9190	587	35	institutional	institutional	ADJ
cjal-9190	587	36	investors	investor	NOUN
cjal-9190	587	37	play	play	VERB
cjal-9190	587	38	an	an	DET
cjal-9190	587	39	important	important	ADJ
cjal-9190	587	40	function	function	NOUN
cjal-9190	587	41	within	within	ADP
cjal-9190	587	42	the	the	DET
cjal-9190	587	43	unique	unique	ADJ
cjal-9190	587	44	china	china	PROPN
cjal-9190	587	45	model	model	NOUN
cjal-9190	587	46	of	of	ADP
cjal-9190	587	47	corporate	corporate	ADJ
cjal-9190	587	48	governance	governance	NOUN
cjal-9190	587	49	.	.	PUNCT
cjal-9190	588	1	the	the	DET
cjal-9190	588	2	ccp	ccp	PROPN
cjal-9190	588	3	does	do	AUX
cjal-9190	588	4	not	not	PART
cjal-9190	588	5	micro	micro	VERB
cjal-9190	588	6	-	-	VERB
cjal-9190	588	7	manage	manage	VERB
cjal-9190	588	8	institutional	institutional	ADJ
cjal-9190	588	9	investors	investor	NOUN
cjal-9190	588	10	in	in	ADP
cjal-9190	588	11	a	a	DET
cjal-9190	588	12	way	way	NOUN
cjal-9190	588	13	that	that	PRON
cjal-9190	588	14	some	some	DET
cjal-9190	588	15	conceptions	conception	NOUN
cjal-9190	588	16	of	of	ADP
cjal-9190	588	17	“	"	PUNCT
cjal-9190	588	18	state	state	NOUN
cjal-9190	588	19	capitalism	capitalism	NOUN
cjal-9190	588	20	”	"	PUNCT
cjal-9190	588	21	may	may	AUX
cjal-9190	588	22	suggest.151	suggest.151	VERB
cjal-9190	588	23	rather	rather	ADV
cjal-9190	588	24	,	,	PUNCT
cjal-9190	588	25	institutional	institutional	ADJ
cjal-9190	588	26	investors	investor	NOUN
cjal-9190	588	27	normally	normally	ADV
cjal-9190	588	28	function	function	VERB
cjal-9190	588	29	according	accord	VERB
cjal-9190	588	30	to	to	ADP
cjal-9190	588	31	freemarket	freemarket	NOUN
cjal-9190	588	32	forces	force	NOUN
cjal-9190	588	33	and	and	CCONJ
cjal-9190	588	34	perform	perform	VERB
cjal-9190	588	35	an	an	DET
cjal-9190	588	36	important	important	ADJ
cjal-9190	588	37	corporate	corporate	ADJ
cjal-9190	588	38	governance	governance	NOUN
cjal-9190	588	39	role	role	NOUN
cjal-9190	588	40	—	—	PUNCT
cjal-9190	588	41	with	with	ADP
cjal-9190	588	42	the	the	DET
cjal-9190	588	43	ccp	ccp	PROPN
cjal-9190	588	44	using	use	VERB
cjal-9190	588	45	its	its	PRON
cjal-9190	588	46	various	various	ADJ
cjal-9190	588	47	mechanisms	mechanism	NOUN
cjal-9190	588	48	for	for	ADP
cjal-9190	588	49	policy	policy	NOUN
cjal-9190	588	50	channeling	channel	VERB
cjal-9190	588	51	to	to	PART
cjal-9190	588	52	execute	execute	VERB
cjal-9190	588	53	important	important	ADJ
cjal-9190	588	54	policies	policy	NOUN
cjal-9190	588	55	,	,	PUNCT
cjal-9190	588	56	which	which	PRON
cjal-9190	588	57	may	may	AUX
cjal-9190	588	58	benefit	benefit	VERB
cjal-9190	588	59	the	the	DET
cjal-9190	588	60	market	market	NOUN
cjal-9190	588	61	and	and	CCONJ
cjal-9190	588	62	society	society	NOUN
cjal-9190	588	63	,	,	PUNCT
cjal-9190	588	64	while	while	SCONJ
cjal-9190	588	65	also	also	ADV
cjal-9190	588	66	possibly	possibly	ADV
cjal-9190	588	67	blunting	blunt	VERB
cjal-9190	588	68	the	the	DET
cjal-9190	588	69	effectiveness	effectiveness	NOUN
cjal-9190	588	70	of	of	ADP
cjal-9190	588	71	efficient	efficient	ADJ
cjal-9190	588	72	corporate	corporate	ADJ
cjal-9190	588	73	governance	governance	NOUN
cjal-9190	588	74	.	.	PUNCT
cjal-9190	589	1	this	this	DET
cjal-9190	589	2	system	system	NOUN
cjal-9190	589	3	is	be	AUX
cjal-9190	589	4	what	what	PRON
cjal-9190	589	5	we	we	PRON
cjal-9190	589	6	explain	explain	VERB
cjal-9190	589	7	in	in	ADP
cjal-9190	589	8	the	the	DET
cjal-9190	589	9	conclusion	conclusion	NOUN
cjal-9190	589	10	as	as	ADP
cjal-9190	589	11	“	"	PUNCT
cjal-9190	589	12	the	the	DET
cjal-9190	589	13	market	market	NOUN
cjal-9190	589	14	within	within	ADP
cjal-9190	589	15	the	the	DET
cjal-9190	589	16	state	state	NOUN
cjal-9190	589	17	”	"	PUNCT
cjal-9190	589	18	for	for	ADP
cjal-9190	589	19	institutional	institutional	ADJ
cjal-9190	589	20	investors	investor	NOUN
cjal-9190	589	21	in	in	ADP
cjal-9190	589	22	china	china	PROPN
cjal-9190	589	23	.	.	PUNCT
cjal-9190	590	1	b.	b.	PROPN
cjal-9190	590	2	illuminating	illuminating	NOUN
cjal-9190	590	3	,	,	PUNCT
cjal-9190	590	4	classifying	classify	VERB
cjal-9190	590	5	,	,	PUNCT
cjal-9190	590	6	and	and	CCONJ
cjal-9190	590	7	mapping	map	VERB
cjal-9190	590	8	the	the	DET
cjal-9190	590	9	ccp	ccp	PROPN
cjal-9190	590	10	’s	’s	PART
cjal-9190	590	11	mechanisms	mechanism	NOUN
cjal-9190	590	12	for	for	ADP
cjal-9190	590	13	policy	policy	NOUN
cjal-9190	590	14	channeling	channel	VERB
cjal-9190	590	15	the	the	DET
cjal-9190	590	16	split	split	ADJ
cjal-9190	590	17	share	share	NOUN
cjal-9190	590	18	reform	reform	NOUN
cjal-9190	590	19	research	research	NOUN
cjal-9190	590	20	provides	provide	VERB
cjal-9190	590	21	convincing	convincing	ADJ
cjal-9190	590	22	empirical	empirical	ADJ
cjal-9190	590	23	evidence	evidence	NOUN
cjal-9190	590	24	that	that	SCONJ
cjal-9190	590	25	the	the	DET
cjal-9190	590	26	ccp	ccp	PROPN
cjal-9190	590	27	can	can	AUX
cjal-9190	590	28	—	—	PUNCT
cjal-9190	590	29	and	and	CCONJ
cjal-9190	590	30	has	have	AUX
cjal-9190	590	31	—	—	PUNCT
cjal-9190	590	32	used	use	VERB
cjal-9190	590	33	its	its	PRON
cjal-9190	590	34	regulatory	regulatory	ADJ
cjal-9190	590	35	power	power	NOUN
cjal-9190	590	36	to	to	PART
cjal-9190	590	37	transform	transform	VERB
cjal-9190	590	38	domestic	domestic	ADJ
cjal-9190	590	39	institutional	institutional	ADJ
cjal-9190	590	40	investors	investor	NOUN
cjal-9190	590	41	into	into	ADP
cjal-9190	590	42	a	a	DET
cjal-9190	590	43	mechanism	mechanism	NOUN
cjal-9190	590	44	for	for	ADP
cjal-9190	590	45	policy	policy	NOUN
cjal-9190	590	46	channeling.152	channeling.152	PROPN
cjal-9190	590	47	the	the	DET
cjal-9190	590	48	ccp	ccp	PROPN
cjal-9190	590	49	’s	’s	PART
cjal-9190	590	50	use	use	NOUN
cjal-9190	590	51	of	of	ADP
cjal-9190	590	52	institutional	institutional	ADJ
cjal-9190	590	53	investors	investor	NOUN
cjal-9190	590	54	to	to	PART
cjal-9190	590	55	achieve	achieve	VERB
cjal-9190	590	56	its	its	PRON
cjal-9190	590	57	political	political	ADJ
cjal-9190	590	58	goals	goal	NOUN
cjal-9190	590	59	comports	comport	VERB
cjal-9190	590	60	with	with	ADP
cjal-9190	590	61	the	the	DET
cjal-9190	590	62	more	more	ADV
cjal-9190	590	63	recent	recent	ADJ
cjal-9190	590	64	creation	creation	NOUN
cjal-9190	590	65	of	of	ADP
cjal-9190	590	66	a	a	DET
cjal-9190	590	67	“	"	PUNCT
cjal-9190	590	68	national	national	ADJ
cjal-9190	590	69	team	team	NOUN
cjal-9190	590	70	”	"	PUNCT
cjal-9190	590	71	of	of	ADP
cjal-9190	590	72	government	government	NOUN
cjal-9190	590	73	-	-	PUNCT
cjal-9190	590	74	controlled	control	VERB
cjal-9190	590	75	soiis	soiis	NOUN
cjal-9190	590	76	which	which	PRON
cjal-9190	590	77	were	be	AUX
cjal-9190	590	78	tapped	tap	VERB
cjal-9190	590	79	to	to	PART
cjal-9190	590	80	stabilize	stabilize	VERB
cjal-9190	590	81	the	the	DET
cjal-9190	590	82	a	a	DET
cjal-9190	590	83	-	-	PUNCT
cjal-9190	590	84	shares	share	NOUN
cjal-9190	590	85	market	market	NOUN
cjal-9190	590	86	after	after	ADP
cjal-9190	590	87	its	its	PRON
cjal-9190	590	88	collapse	collapse	NOUN
cjal-9190	590	89	in	in	ADP
cjal-9190	590	90	2015	2015	NUM
cjal-9190	590	91	.	.	PUNCT
cjal-9190	591	1	153	153	NUM
cjal-9190	591	2	although	although	SCONJ
cjal-9190	591	3	,	,	PUNCT
cjal-9190	591	4	as	as	ADP
cjal-9190	591	5	150	150	NUM
cjal-9190	591	6	howson	howson	PROPN
cjal-9190	591	7	,	,	PUNCT
cjal-9190	591	8	supra	supra	PROPN
cjal-9190	591	9	note	note	NOUN
cjal-9190	591	10	9	9	NUM
cjal-9190	591	11	,	,	PUNCT
cjal-9190	591	12	at	at	ADP
cjal-9190	591	13	52	52	NUM
cjal-9190	591	14	;	;	PUNCT
cjal-9190	591	15	wang	wang	PROPN
cjal-9190	591	16	&	&	CCONJ
cjal-9190	591	17	tan	tan	PROPN
cjal-9190	591	18	,	,	PUNCT
cjal-9190	591	19	supra	supra	PROPN
cjal-9190	591	20	note	note	NOUN
cjal-9190	591	21	10	10	NUM
cjal-9190	591	22	,	,	PUNCT
cjal-9190	591	23	at	at	ADP
cjal-9190	591	24	1094	1094	NUM
cjal-9190	591	25	.	.	PUNCT
cjal-9190	592	1	151	151	NUM
cjal-9190	592	2	telephone	telephone	NOUN
cjal-9190	592	3	interview	interview	NOUN
cjal-9190	592	4	,	,	PUNCT
cjal-9190	592	5	30	30	NUM
cjal-9190	592	6	may	may	NOUN
cjal-9190	592	7	2021	2021	NUM
cjal-9190	592	8	,	,	PUNCT
cjal-9190	592	9	investment	investment	NOUN
cjal-9190	592	10	manager	manager	NOUN
cjal-9190	592	11	cicc	cicc	NOUN
cjal-9190	592	12	(	(	PUNCT
cjal-9190	592	13	shenzhen	shenzhen	PROPN
cjal-9190	592	14	)	)	PUNCT
cjal-9190	592	15	;	;	PUNCT
cjal-9190	592	16	telephone	telephone	NOUN
cjal-9190	592	17	interview	interview	NOUN
cjal-9190	592	18	,	,	PUNCT
cjal-9190	592	19	may	may	AUX
cjal-9190	592	20	30	30	NUM
cjal-9190	592	21	,	,	PUNCT
cjal-9190	592	22	2021	2021	NUM
cjal-9190	592	23	,	,	PUNCT
cjal-9190	592	24	legal	legal	ADJ
cjal-9190	592	25	counsel	counsel	NOUN
cjal-9190	592	26	,	,	PUNCT
cjal-9190	592	27	dbs	dbs	PROPN
cjal-9190	592	28	securities	securities	PROPN
cjal-9190	592	29	(	(	PUNCT
cjal-9190	592	30	china	china	PROPN
cjal-9190	592	31	)	)	PUNCT
cjal-9190	592	32	;	;	PUNCT
cjal-9190	592	33	telephone	telephone	NOUN
cjal-9190	592	34	interview	interview	NOUN
cjal-9190	592	35	,	,	PUNCT
cjal-9190	592	36	may	may	AUX
cjal-9190	592	37	30	30	NUM
cjal-9190	592	38	,	,	PUNCT
cjal-9190	592	39	2021	2021	NUM
cjal-9190	592	40	,	,	PUNCT
cjal-9190	592	41	senior	senior	ADJ
cjal-9190	592	42	manager	manager	NOUN
cjal-9190	592	43	,	,	PUNCT
cjal-9190	592	44	cms	cms	PROPN
cjal-9190	592	45	(	(	PUNCT
cjal-9190	592	46	shanghai	shanghai	PROPN
cjal-9190	592	47	)	)	PUNCT
cjal-9190	592	48	;	;	PUNCT
cjal-9190	592	49	telephone	telephone	NOUN
cjal-9190	592	50	interview	interview	NOUN
cjal-9190	592	51	,	,	PUNCT
cjal-9190	592	52	may	may	AUX
cjal-9190	592	53	30	30	NUM
cjal-9190	592	54	,	,	PUNCT
cjal-9190	592	55	2021	2021	NUM
cjal-9190	592	56	,	,	PUNCT
cjal-9190	592	57	legal	legal	ADJ
cjal-9190	592	58	counsel	counsel	NOUN
cjal-9190	592	59	,	,	PUNCT
cjal-9190	592	60	dbs	dbs	PROPN
cjal-9190	592	61	securities	securities	PROPN
cjal-9190	592	62	(	(	PUNCT
cjal-9190	592	63	china	china	PROPN
cjal-9190	592	64	)	)	PUNCT
cjal-9190	592	65	;	;	PUNCT
cjal-9190	592	66	telephone	telephone	NOUN
cjal-9190	592	67	interview	interview	NOUN
cjal-9190	592	68	,	,	PUNCT
cjal-9190	592	69	may	may	AUX
cjal-9190	592	70	30	30	NUM
cjal-9190	592	71	,	,	PUNCT
cjal-9190	592	72	2021	2021	NUM
cjal-9190	592	73	,	,	PUNCT
cjal-9190	592	74	partner	partner	NOUN
cjal-9190	592	75	,	,	PUNCT
cjal-9190	592	76	global	global	ADJ
cjal-9190	592	77	law	law	NOUN
cjal-9190	592	78	office	office	NOUN
cjal-9190	592	79	(	(	PUNCT
cjal-9190	592	80	beijing	beijing	PROPN
cjal-9190	592	81	)	)	PUNCT
cjal-9190	592	82	;	;	PUNCT
cjal-9190	592	83	telephone	telephone	NOUN
cjal-9190	592	84	interview	interview	NOUN
cjal-9190	592	85	,	,	PUNCT
cjal-9190	592	86	may	may	AUX
cjal-9190	592	87	31	31	NUM
cjal-9190	592	88	,	,	PUNCT
cjal-9190	592	89	2021	2021	NUM
cjal-9190	592	90	,	,	PUNCT
cjal-9190	592	91	legal	legal	ADJ
cjal-9190	592	92	officer	officer	NOUN
cjal-9190	592	93	,	,	PUNCT
cjal-9190	592	94	safe	safe	ADJ
cjal-9190	592	95	;	;	PUNCT
cjal-9190	592	96	andrew	andrew	PROPN
cjal-9190	592	97	szamosszegi	szamosszegi	PROPN
cjal-9190	592	98	&	&	CCONJ
cjal-9190	592	99	cole	cole	PROPN
cjal-9190	592	100	kyle	kyle	PROPN
cjal-9190	592	101	,	,	PUNCT
cjal-9190	592	102	an	an	DET
cjal-9190	592	103	analysis	analysis	NOUN
cjal-9190	592	104	of	of	ADP
cjal-9190	592	105	state	state	NOUN
cjal-9190	592	106	-	-	PUNCT
cjal-9190	592	107	owned	own	VERB
cjal-9190	592	108	enterprises	enterprise	NOUN
cjal-9190	592	109	and	and	CCONJ
cjal-9190	592	110	state	state	NOUN
cjal-9190	592	111	capitalism	capitalism	NOUN
cjal-9190	592	112	in	in	ADP
cjal-9190	592	113	china	china	PROPN
cjal-9190	592	114	,	,	PUNCT
cjal-9190	592	115	us	us	PROPN
cjal-9190	592	116	-	-	PUNCT
cjal-9190	592	117	china	china	PROPN
cjal-9190	592	118	economic	economic	ADJ
cjal-9190	592	119	and	and	CCONJ
cjal-9190	592	120	security	security	NOUN
cjal-9190	592	121	review	review	NOUN
cjal-9190	592	122	commission	commission	NOUN
cjal-9190	592	123	,	,	PUNCT
cjal-9190	592	124	at	at	ADP
cjal-9190	592	125	52	52	NUM
cjal-9190	592	126	(	(	PUNCT
cjal-9190	592	127	oct	oct	PROPN
cjal-9190	592	128	.	.	PROPN
cjal-9190	592	129	26	26	NUM
cjal-9190	592	130	,	,	PUNCT
cjal-9190	592	131	2011	2011	NUM
cjal-9190	592	132	)	)	PUNCT
cjal-9190	592	133	.	.	PUNCT
cjal-9190	593	1	152	152	NUM
cjal-9190	593	2	firth	firth	PROPN
cjal-9190	593	3	et	et	PROPN
cjal-9190	593	4	al	al	PROPN
cjal-9190	593	5	.	.	PROPN
cjal-9190	593	6	,	,	PUNCT
cjal-9190	593	7	supra	supra	PROPN
cjal-9190	593	8	note	note	PROPN
cjal-9190	593	9	109	109	NUM
cjal-9190	593	10	,	,	PUNCT
cjal-9190	593	11	at	at	ADP
cjal-9190	593	12	697	697	NUM
cjal-9190	593	13	;	;	PUNCT
cjal-9190	593	14	huang	huang	PROPN
cjal-9190	593	15	&	&	CCONJ
cjal-9190	593	16	zhu	zhu	PROPN
cjal-9190	593	17	,	,	PUNCT
cjal-9190	593	18	supra	supra	PROPN
cjal-9190	593	19	note	note	PROPN
cjal-9190	593	20	47	47	NUM
cjal-9190	593	21	,	,	PUNCT
cjal-9190	593	22	at	at	ADP
cjal-9190	593	23	314	314	NUM
cjal-9190	593	24	;	;	PUNCT
cjal-9190	593	25	see	see	VERB
cjal-9190	593	26	supra	supra	PROPN
cjal-9190	593	27	part	part	PROPN
cjal-9190	593	28	iii	iii	PROPN
cjal-9190	593	29	.	.	PROPN
cjal-9190	593	30	153	153	NUM
cjal-9190	593	31	moxy	moxy	NOUN
cjal-9190	593	32	ying	ying	PROPN
cjal-9190	593	33	,	,	PUNCT
cjal-9190	593	34	when	when	SCONJ
cjal-9190	593	35	stocks	stock	NOUN
cjal-9190	593	36	crash	crash	NOUN
cjal-9190	593	37	,	,	PUNCT
cjal-9190	593	38	china	china	PROPN
cjal-9190	593	39	turns	turn	VERB
cjal-9190	593	40	to	to	ADP
cjal-9190	593	41	its	its	PRON
cjal-9190	593	42	‘	'	PUNCT
cjal-9190	593	43	national	national	ADJ
cjal-9190	593	44	team	team	NOUN
cjal-9190	593	45	’	'	PUNCT
cjal-9190	593	46	,	,	PUNCT
cjal-9190	593	47	washington	washington	PROPN
cjal-9190	593	48	post	post	PROPN
cjal-9190	593	49	(	(	PUNCT
cjal-9190	593	50	mar	mar	PROPN
cjal-9190	593	51	.	.	PROPN
cjal-9190	593	52	9	9	NUM
cjal-9190	593	53	,	,	PUNCT
cjal-9190	593	54	2021	2021	NUM
cjal-9190	593	55	)	)	PUNCT
cjal-9190	593	56	,	,	PUNCT
cjal-9190	593	57	https://www.washingtonpost.com/business/when-stocks-crash-china-turns-to-itsnational-team/2021/03/09/d13c540a-80df-11eb-be22-32d331d87530_story.html	https://www.washingtonpost.com/business/when-stocks-crash-china-turns-to-itsnational-team/2021/03/09/d13c540a-80df-11eb-be22-32d331d87530_story.html	PROPN
cjal-9190	593	58	;	;	PUNCT
cjal-9190	593	59	hudson	hudson	PROPN
cjal-9190	593	60	lockett	lockett	PROPN
cjal-9190	593	61	&	&	CCONJ
cjal-9190	593	62	sun	sun	PROPN
cjal-9190	593	63	yu	yu	PROPN
cjal-9190	593	64	,	,	PUNCT
cjal-9190	593	65	how	how	SCONJ
cjal-9190	593	66	the	the	DET
cjal-9190	593	67	invisible	invisible	ADJ
cjal-9190	593	68	hand	hand	NOUN
cjal-9190	593	69	of	of	ADP
cjal-9190	593	70	the	the	DET
cjal-9190	593	71	state	state	NOUN
cjal-9190	593	72	works	work	VERB
cjal-9190	593	73	in	in	ADP
cjal-9190	593	74	chinese	chinese	ADJ
cjal-9190	593	75	stocks	stock	NOUN
cjal-9190	593	76	,	,	PUNCT
cjal-9190	593	77	financial	financial	ADJ
cjal-9190	593	78	times	time	NOUN
cjal-9190	593	79	(	(	PUNCT
cjal-9190	593	80	feb	feb	PROPN
cjal-9190	593	81	.	.	PROPN
cjal-9190	593	82	4	4	NUM
cjal-9190	593	83	,	,	PUNCT
cjal-9190	593	84	2020	2020	NUM
cjal-9190	593	85	)	)	PUNCT
cjal-9190	593	86	,	,	PUNCT
cjal-9190	593	87	https://www.ft.com/content/0d41cb6e4717-11ea-aeb3-955839e06441	https://www.ft.com/content/0d41cb6e4717-11ea-aeb3-955839e06441	NOUN
cjal-9190	593	88	;	;	PUNCT
cjal-9190	593	89	evelyn	evelyn	PROPN
cjal-9190	593	90	cheng	cheng	PROPN
cjal-9190	593	91	,	,	PUNCT
cjal-9190	593	92	goldman	goldman	NOUN
cjal-9190	593	93	:	:	PUNCT
cjal-9190	593	94	government	government	NOUN
cjal-9190	593	95	-	-	PUNCT
cjal-9190	593	96	directed	direct	VERB
cjal-9190	593	97	traders	trader	NOUN
cjal-9190	593	98	bought	buy	VERB
cjal-9190	593	99	up	up	ADP
cjal-9190	593	100	billions	billion	NOUN
cjal-9190	593	101	in	in	ADP
cjal-9190	593	102	chinese	chinese	ADJ
cjal-9190	593	103	stocks	stock	NOUN
cjal-9190	593	104	last	last	ADJ
cjal-9190	593	105	quarter	quarter	NOUN
cjal-9190	593	106	,	,	PUNCT
cjal-9190	593	107	cnbc	cnbc	PROPN
cjal-9190	593	108	(	(	PUNCT
cjal-9190	593	109	sept	sept	PROPN
cjal-9190	593	110	.	.	PROPN
cjal-9190	593	111	11	11	NUM
cjal-9190	593	112	,	,	PUNCT
cjal-9190	593	113	2018	2018	NUM
cjal-9190	593	114	)	)	PUNCT
cjal-9190	593	115	,	,	PUNCT
cjal-9190	593	116	https://www.cnbc.com/2018/09/11/goldman-government-directed-traders-boughtnearly-17-billion-in-local-stocks-last-quarter.html	https://www.cnbc.com/2018/09/11/goldman-government-directed-traders-boughtnearly-17-billion-in-local-stocks-last-quarter.html	PROPN
cjal-9190	593	117	;	;	PUNCT
cjal-9190	593	118	shen	shen	PROPN
cjal-9190	593	119	hong	hong	PROPN
cjal-9190	593	120	&	&	CCONJ
cjal-9190	593	121	stella	stella	PROPN
cjal-9190	593	122	yifan	yifan	PROPN
cjal-9190	593	123	xie	xie	PROPN
cjal-9190	593	124	,	,	PUNCT
cjal-9190	593	125	that	that	PRON
cjal-9190	593	126	calm	calm	VERB
cjal-9190	593	127	chinese	chinese	ADJ
cjal-9190	593	128	stock	stock	NOUN
cjal-9190	593	129	market	market	NOUN
cjal-9190	593	130	?	?	PUNCT
cjal-9190	594	1	it	it	PRON
cjal-9190	594	2	’s	’s	AUX
cjal-9190	594	3	engineered	engineer	VERB
cjal-9190	594	4	by	by	ADP
cjal-9190	594	5	the	the	DET
cjal-9190	594	6	state	state	NOUN
cjal-9190	594	7	,	,	PUNCT
cjal-9190	594	8	wall	wall	PROPN
cjal-9190	594	9	street	street	PROPN
cjal-9190	594	10	journal	journal	PROPN
cjal-9190	594	11	(	(	PUNCT
cjal-9190	594	12	may	may	PROPN
cjal-9190	594	13	31	31	NUM
cjal-9190	594	14	,	,	PUNCT
cjal-9190	594	15	2018	2018	NUM
cjal-9190	594	16	)	)	PUNCT
cjal-9190	594	17	,	,	PUNCT
cjal-9190	594	18	https://www.wsj.com/articles/that-calm-chinese-stockmarket-its-engineered-by-the-government-1527775089?mod=e2tw	https://www.wsj.com/articles/that-calm-chinese-stockmarket-its-engineered-by-the-government-1527775089?mod=e2tw	PROPN
cjal-9190	594	19	.	.	PUNCT
cjal-9190	595	1	2022	2022	NUM
cjal-9190	595	2	]	]	PUNCT
cjal-9190	595	3	columbia	columbia	PROPN
cjal-9190	595	4	journal	journal	PROPN
cjal-9190	595	5	of	of	ADP
cjal-9190	595	6	asian	asian	ADJ
cjal-9190	595	7	law	law	PROPN
cjal-9190	595	8	121	121	NUM
cjal-9190	595	9	explained	explain	VERB
cjal-9190	595	10	in	in	ADP
cjal-9190	595	11	part	part	PROPN
cjal-9190	595	12	ii	ii	PROPN
cjal-9190	595	13	,	,	PUNCT
cjal-9190	595	14	the	the	DET
cjal-9190	595	15	ccp	ccp	PROPN
cjal-9190	595	16	has	have	VERB
cjal-9190	595	17	a	a	DET
cjal-9190	595	18	long	long	ADJ
cjal-9190	595	19	history	history	NOUN
cjal-9190	595	20	of	of	ADP
cjal-9190	595	21	using	use	VERB
cjal-9190	595	22	its	its	PRON
cjal-9190	595	23	regulatory	regulatory	ADJ
cjal-9190	595	24	power	power	NOUN
cjal-9190	595	25	to	to	PART
cjal-9190	595	26	promote	promote	VERB
cjal-9190	595	27	institutional	institutional	ADJ
cjal-9190	595	28	investors	investor	NOUN
cjal-9190	595	29	as	as	ADP
cjal-9190	595	30	a	a	DET
cjal-9190	595	31	market	market	NOUN
cjal-9190	595	32	stabilizing	stabilizing	NOUN
cjal-9190	595	33	mechanism	mechanism	NOUN
cjal-9190	595	34	,	,	PUNCT
cjal-9190	595	35	the	the	DET
cjal-9190	595	36	enormous	enormous	ADJ
cjal-9190	595	37	scale	scale	NOUN
cjal-9190	595	38	of	of	ADP
cjal-9190	595	39	investment	investment	NOUN
cjal-9190	595	40	and	and	CCONJ
cjal-9190	595	41	strategic	strategic	ADJ
cjal-9190	595	42	coordination	coordination	NOUN
cjal-9190	595	43	of	of	ADP
cjal-9190	595	44	a	a	DET
cjal-9190	595	45	select	select	ADJ
cjal-9190	595	46	group	group	NOUN
cjal-9190	595	47	of	of	ADP
cjal-9190	595	48	soiis	soiis	NOUN
cjal-9190	595	49	in	in	ADP
cjal-9190	595	50	2015	2015	NUM
cjal-9190	595	51	crystallized	crystallize	VERB
cjal-9190	595	52	the	the	DET
cjal-9190	595	53	idea	idea	NOUN
cjal-9190	595	54	of	of	ADP
cjal-9190	595	55	the	the	DET
cjal-9190	595	56	national	national	ADJ
cjal-9190	595	57	team	team	NOUN
cjal-9190	595	58	as	as	ADP
cjal-9190	595	59	an	an	DET
cjal-9190	595	60	important	important	ADJ
cjal-9190	595	61	feature	feature	NOUN
cjal-9190	595	62	of	of	ADP
cjal-9190	595	63	the	the	DET
cjal-9190	595	64	a	a	DET
cjal-9190	595	65	-	-	PUNCT
cjal-9190	595	66	shares	share	NOUN
cjal-9190	595	67	market	market	NOUN
cjal-9190	595	68	—	—	PUNCT
cjal-9190	595	69	which	which	PRON
cjal-9190	595	70	investors	investor	NOUN
cjal-9190	595	71	now	now	ADV
cjal-9190	595	72	count	count	VERB
cjal-9190	595	73	on	on	ADP
cjal-9190	595	74	to	to	PART
cjal-9190	595	75	intervene	intervene	VERB
cjal-9190	595	76	in	in	ADP
cjal-9190	595	77	times	time	NOUN
cjal-9190	595	78	of	of	ADP
cjal-9190	595	79	market	market	NOUN
cjal-9190	595	80	volatility.154	volatility.154	VERB
cjal-9190	595	81	there	there	PRON
cjal-9190	595	82	is	be	VERB
cjal-9190	595	83	also	also	ADV
cjal-9190	595	84	empirical	empirical	ADJ
cjal-9190	595	85	and	and	CCONJ
cjal-9190	595	86	anecdotal	anecdotal	ADJ
cjal-9190	595	87	evidence	evidence	NOUN
cjal-9190	595	88	that	that	SCONJ
cjal-9190	595	89	beyond	beyond	ADP
cjal-9190	595	90	being	be	AUX
cjal-9190	595	91	a	a	DET
cjal-9190	595	92	mechanism	mechanism	NOUN
cjal-9190	595	93	to	to	PART
cjal-9190	595	94	facilitate	facilitate	VERB
cjal-9190	595	95	regulatory	regulatory	ADJ
cjal-9190	595	96	reforms	reform	NOUN
cjal-9190	595	97	and	and	CCONJ
cjal-9190	595	98	stabilize	stabilize	VERB
cjal-9190	595	99	the	the	DET
cjal-9190	595	100	ashares	ashare	NOUN
cjal-9190	595	101	market	market	NOUN
cjal-9190	595	102	,	,	PUNCT
cjal-9190	595	103	the	the	DET
cjal-9190	595	104	ccp	ccp	PROPN
cjal-9190	595	105	uses	use	VERB
cjal-9190	595	106	its	its	PRON
cjal-9190	595	107	ownership	ownership	NOUN
cjal-9190	595	108	and	and	CCONJ
cjal-9190	595	109	control	control	NOUN
cjal-9190	595	110	over	over	ADP
cjal-9190	595	111	soiis	soiis	NOUN
cjal-9190	595	112	to	to	PART
cjal-9190	595	113	achieve	achieve	VERB
cjal-9190	595	114	more	more	ADJ
cjal-9190	595	115	overt	overt	ADJ
cjal-9190	595	116	political	political	ADJ
cjal-9190	595	117	objectives	objective	NOUN
cjal-9190	595	118	.	.	PUNCT
cjal-9190	596	1	there	there	PRON
cjal-9190	596	2	is	be	VERB
cjal-9190	596	3	evidence	evidence	NOUN
cjal-9190	596	4	that	that	SCONJ
cjal-9190	596	5	prior	prior	ADV
cjal-9190	596	6	to	to	ADP
cjal-9190	596	7	major	major	ADJ
cjal-9190	596	8	ccp	ccp	PROPN
cjal-9190	596	9	political	political	ADJ
cjal-9190	596	10	events	event	NOUN
cjal-9190	596	11	and	and	CCONJ
cjal-9190	596	12	meetings	meeting	NOUN
cjal-9190	596	13	,	,	PUNCT
cjal-9190	596	14	the	the	DET
cjal-9190	596	15	government	government	NOUN
cjal-9190	596	16	uses	use	VERB
cjal-9190	596	17	its	its	PRON
cjal-9190	596	18	control	control	NOUN
cjal-9190	596	19	over	over	ADP
cjal-9190	596	20	soiis	soiis	NOUN
cjal-9190	596	21	to	to	PART
cjal-9190	596	22	ensure	ensure	VERB
cjal-9190	596	23	a	a	DET
cjal-9190	596	24	general	general	ADJ
cjal-9190	596	25	level	level	NOUN
cjal-9190	596	26	of	of	ADP
cjal-9190	596	27	social	social	ADJ
cjal-9190	596	28	stability	stability	NOUN
cjal-9190	596	29	by	by	ADP
cjal-9190	596	30	keeping	keep	VERB
cjal-9190	596	31	the	the	DET
cjal-9190	596	32	markets	market	NOUN
cjal-9190	596	33	calm.155	calm.155	VERB
cjal-9190	596	34	the	the	DET
cjal-9190	596	35	extent	extent	NOUN
cjal-9190	596	36	to	to	PART
cjal-9190	596	37	which	which	PRON
cjal-9190	596	38	market	market	NOUN
cjal-9190	596	39	stability	stability	NOUN
cjal-9190	596	40	is	be	AUX
cjal-9190	596	41	crucial	crucial	ADJ
cjal-9190	596	42	for	for	ADP
cjal-9190	596	43	social	social	ADJ
cjal-9190	596	44	stability	stability	NOUN
cjal-9190	596	45	in	in	ADP
cjal-9190	596	46	china	china	PROPN
cjal-9190	596	47	is	be	AUX
cjal-9190	596	48	evident	evident	ADJ
cjal-9190	596	49	from	from	ADP
cjal-9190	596	50	the	the	DET
cjal-9190	596	51	fact	fact	NOUN
cjal-9190	596	52	that	that	SCONJ
cjal-9190	596	53	,	,	PUNCT
cjal-9190	596	54	with	with	ADP
cjal-9190	596	55	over	over	ADP
cjal-9190	596	56	100	100	NUM
cjal-9190	596	57	million	million	NUM
cjal-9190	596	58	chinese	chinese	ADJ
cjal-9190	596	59	citizens	citizen	NOUN
cjal-9190	596	60	invested	invest	VERB
cjal-9190	596	61	in	in	ADP
cjal-9190	596	62	the	the	DET
cjal-9190	596	63	a	a	DET
cjal-9190	596	64	-	-	PUNCT
cjal-9190	596	65	shares	share	NOUN
cjal-9190	596	66	market	market	NOUN
cjal-9190	596	67	,	,	PUNCT
cjal-9190	596	68	shareholders	shareholder	NOUN
cjal-9190	596	69	form	form	VERB
cjal-9190	596	70	an	an	DET
cjal-9190	596	71	even	even	ADV
cjal-9190	596	72	larger	large	ADJ
cjal-9190	596	73	constituency	constituency	NOUN
cjal-9190	596	74	than	than	ADP
cjal-9190	596	75	ccp	ccp	PROPN
cjal-9190	596	76	members.156	members.156	PROPN
cjal-9190	596	77	there	there	PRON
cjal-9190	596	78	is	be	VERB
cjal-9190	596	79	also	also	ADV
cjal-9190	596	80	empirical	empirical	ADJ
cjal-9190	596	81	and	and	CCONJ
cjal-9190	596	82	anecdotal	anecdotal	ADJ
cjal-9190	596	83	evidence	evidence	NOUN
cjal-9190	596	84	that	that	PRON
cjal-9190	596	85	the	the	DET
cjal-9190	596	86	ccp	ccp	PROPN
cjal-9190	596	87	uses	use	VERB
cjal-9190	596	88	its	its	PRON
cjal-9190	596	89	formal	formal	ADJ
cjal-9190	596	90	and	and	CCONJ
cjal-9190	596	91	informal	informal	ADJ
cjal-9190	596	92	power	power	NOUN
cjal-9190	596	93	to	to	PART
cjal-9190	596	94	pressure	pressure	NOUN
cjal-9190	596	95	poiis	poiis	NOUN
cjal-9190	596	96	—	—	PUNCT
cjal-9190	596	97	a	a	DET
cjal-9190	596	98	tactic	tactic	NOUN
cjal-9190	596	99	that	that	PRON
cjal-9190	596	100	has	have	AUX
cjal-9190	596	101	become	become	AUX
cjal-9190	596	102	known	know	VERB
cjal-9190	596	103	as	as	ADP
cjal-9190	596	104	“	"	PUNCT
cjal-9190	596	105	window	window	NOUN
cjal-9190	596	106	guidance”—to	guidance”—to	PROPN
cjal-9190	596	107	reinforce	reinforce	VERB
cjal-9190	596	108	its	its	PRON
cjal-9190	596	109	policy	policy	NOUN
cjal-9190	596	110	channeling	channel	VERB
cjal-9190	596	111	through	through	ADP
cjal-9190	596	112	institutional	institutional	ADJ
cjal-9190	596	113	investors	investor	NOUN
cjal-9190	596	114	.	.	PUNCT
cjal-9190	597	1	157	157	NUM
cjal-9190	597	2	in	in	ADP
cjal-9190	597	3	addition	addition	NOUN
cjal-9190	597	4	to	to	ADP
cjal-9190	597	5	the	the	DET
cjal-9190	597	6	154	154	NUM
cjal-9190	597	7	i	i	PROPN
cjal-9190	597	8	d.	d.	PROPN
cjal-9190	597	9	;	;	PUNCT
cjal-9190	597	10	narayanan	narayanan	PROPN
cjal-9190	597	11	somasundaram	somasundaram	PROPN
cjal-9190	597	12	,	,	PUNCT
cjal-9190	597	13	chinese	chinese	ADJ
cjal-9190	597	14	government	government	NOUN
cjal-9190	597	15	-	-	PUNCT
cjal-9190	597	16	back	back	NOUN
cjal-9190	597	17	funds	fund	NOUN
cjal-9190	597	18	snap	snap	VERB
cjal-9190	597	19	up	up	ADP
cjal-9190	597	20	stocks	stock	NOUN
cjal-9190	597	21	to	to	PART
cjal-9190	597	22	halt	halt	VERB
cjal-9190	597	23	plunge	plunge	NOUN
cjal-9190	597	24	,	,	PUNCT
cjal-9190	597	25	nikkei	nikkei	PROPN
cjal-9190	597	26	asian	asian	PROPN
cjal-9190	597	27	rev	rev	PROPN
cjal-9190	597	28	.	.	PUNCT
cjal-9190	598	1	(	(	PUNCT
cjal-9190	598	2	mar	mar	PROPN
cjal-9190	598	3	.	.	PROPN
cjal-9190	598	4	9	9	NUM
cjal-9190	598	5	,	,	PUNCT
cjal-9190	598	6	2021	2021	NUM
cjal-9190	598	7	)	)	PUNCT
cjal-9190	598	8	.	.	PUNCT
cjal-9190	599	1	155	155	NUM
cjal-9190	599	2	shen	shen	PROPN
cjal-9190	599	3	&	&	CCONJ
cjal-9190	599	4	xie	xie	PROPN
cjal-9190	599	5	,	,	PUNCT
cjal-9190	599	6	supra	supra	PROPN
cjal-9190	599	7	note	note	PROPN
cjal-9190	599	8	153	153	NUM
cjal-9190	599	9	.	.	PUNCT
cjal-9190	600	1	156	156	NUM
cjal-9190	600	2	charlotte	charlotte	PROPN
cjal-9190	600	3	yang	yang	PROPN
cjal-9190	600	4	,	,	PUNCT
cjal-9190	600	5	caixin	caixin	PROPN
cjal-9190	600	6	explains	explain	VERB
cjal-9190	600	7	:	:	PUNCT
cjal-9190	600	8	how	how	SCONJ
cjal-9190	600	9	a	a	DET
cjal-9190	600	10	stock	stock	NOUN
cjal-9190	600	11	market	market	NOUN
cjal-9190	600	12	crash	crash	NOUN
cjal-9190	600	13	created	create	VERB
cjal-9190	600	14	china	china	PROPN
cjal-9190	600	15	’s	’s	PART
cjal-9190	600	16	‘	'	PUNCT
cjal-9190	600	17	national	national	ADJ
cjal-9190	600	18	team	team	NOUN
cjal-9190	600	19	’	'	PUNCT
cjal-9190	600	20	,	,	PUNCT
cjal-9190	600	21	caixin	caixin	PROPN
cjal-9190	600	22	(	(	PUNCT
cjal-9190	600	23	oct	oct	PROPN
cjal-9190	600	24	.	.	PROPN
cjal-9190	600	25	19	19	NUM
cjal-9190	600	26	,	,	PUNCT
cjal-9190	600	27	2018	2018	NUM
cjal-9190	600	28	)	)	PUNCT
cjal-9190	600	29	,	,	PUNCT
cjal-9190	600	30	https://www.caixinglobal.com/2018-1019/caixin-explains-how-a-stock-market-crash-created-chinas-national-team101337087.html	https://www.caixinglobal.com/2018-1019/caixin-explains-how-a-stock-market-crash-created-chinas-national-team101337087.html	PROPN
cjal-9190	600	31	.	.	PUNCT
cjal-9190	601	1	157	157	NUM
cjal-9190	601	2	telephone	telephone	NOUN
cjal-9190	601	3	interview	interview	NOUN
cjal-9190	601	4	,	,	PUNCT
cjal-9190	601	5	may	may	AUX
cjal-9190	601	6	30	30	NUM
cjal-9190	601	7	,	,	PUNCT
cjal-9190	601	8	2021	2021	NUM
cjal-9190	601	9	,	,	PUNCT
cjal-9190	601	10	partner	partner	NOUN
cjal-9190	601	11	,	,	PUNCT
cjal-9190	601	12	global	global	ADJ
cjal-9190	601	13	law	law	NOUN
cjal-9190	601	14	office	office	NOUN
cjal-9190	601	15	(	(	PUNCT
cjal-9190	601	16	beijing	beijing	PROPN
cjal-9190	601	17	)	)	PUNCT
cjal-9190	601	18	;	;	PUNCT
cjal-9190	601	19	telephone	telephone	NOUN
cjal-9190	601	20	interview	interview	NOUN
cjal-9190	601	21	,	,	PUNCT
cjal-9190	601	22	may	may	AUX
cjal-9190	601	23	30	30	NUM
cjal-9190	601	24	,	,	PUNCT
cjal-9190	601	25	2021	2021	NUM
cjal-9190	601	26	,	,	PUNCT
cjal-9190	601	27	investment	investment	NOUN
cjal-9190	601	28	manager	manager	NOUN
cjal-9190	601	29	,	,	PUNCT
cjal-9190	601	30	cms	cms	PROPN
cjal-9190	601	31	(	(	PUNCT
cjal-9190	601	32	shanghai	shanghai	PROPN
cjal-9190	601	33	)	)	PUNCT
cjal-9190	601	34	;	;	PUNCT
cjal-9190	601	35	telephone	telephone	NOUN
cjal-9190	601	36	interview	interview	NOUN
cjal-9190	601	37	,	,	PUNCT
cjal-9190	601	38	may	may	AUX
cjal-9190	601	39	30	30	NUM
cjal-9190	601	40	,	,	PUNCT
cjal-9190	601	41	2021	2021	NUM
cjal-9190	601	42	,	,	PUNCT
cjal-9190	601	43	legal	legal	ADJ
cjal-9190	601	44	counsel	counsel	NOUN
cjal-9190	601	45	,	,	PUNCT
cjal-9190	601	46	dbs	dbs	PROPN
cjal-9190	601	47	securities	securities	PROPN
cjal-9190	601	48	(	(	PUNCT
cjal-9190	601	49	china	china	PROPN
cjal-9190	601	50	)	)	PUNCT
cjal-9190	601	51	;	;	PUNCT
cjal-9190	601	52	telephone	telephone	NOUN
cjal-9190	601	53	interview	interview	NOUN
cjal-9190	601	54	,	,	PUNCT
cjal-9190	601	55	may	may	AUX
cjal-9190	601	56	30	30	NUM
cjal-9190	601	57	,	,	PUNCT
cjal-9190	601	58	2021	2021	NUM
cjal-9190	601	59	,	,	PUNCT
cjal-9190	601	60	investment	investment	NOUN
cjal-9190	601	61	manager	manager	NOUN
cjal-9190	601	62	,	,	PUNCT
cjal-9190	601	63	cicc	cicc	NOUN
cjal-9190	601	64	(	(	PUNCT
cjal-9190	601	65	shenzhen	shenzhen	PROPN
cjal-9190	601	66	)	)	PUNCT
cjal-9190	601	67	.	.	PUNCT
cjal-9190	602	1	see	see	VERB
cjal-9190	602	2	also	also	ADV
cjal-9190	602	3	lockett	lockett	PROPN
cjal-9190	602	4	&	&	CCONJ
cjal-9190	602	5	yu	yu	PROPN
cjal-9190	602	6	,	,	PUNCT
cjal-9190	602	7	supra	supra	PROPN
cjal-9190	602	8	note	note	PROPN
cjal-9190	602	9	153	153	NUM
cjal-9190	602	10	;	;	PUNCT
cjal-9190	602	11	cheng	cheng	PROPN
cjal-9190	602	12	pangyue	pangyue	PROPN
cjal-9190	602	13	,	,	PUNCT
cjal-9190	602	14	drivers	driver	NOUN
cjal-9190	602	15	of	of	ADP
cjal-9190	602	16	institutional	institutional	ADJ
cjal-9190	602	17	investors	investor	NOUN
cjal-9190	602	18	’	'	PUNCT
cjal-9190	602	19	shareholder	shareholder	NOUN
cjal-9190	602	20	behaviour	behaviour	NOUN
cjal-9190	602	21	in	in	ADP
cjal-9190	602	22	china	china	PROPN
cjal-9190	602	23	’s	’s	PART
cjal-9190	602	24	listed	list	VERB
cjal-9190	602	25	companies	company	NOUN
cjal-9190	602	26	:	:	PUNCT
cjal-9190	602	27	a	a	DET
cjal-9190	602	28	socio	socio	NOUN
cjal-9190	602	29	-	-	PUNCT
cjal-9190	602	30	legal	legal	ADJ
cjal-9190	602	31	research	research	NOUN
cjal-9190	602	32	of	of	ADP
cjal-9190	602	33	incentives	incentive	NOUN
cjal-9190	602	34	and	and	CCONJ
cjal-9190	602	35	challenges	challenge	NOUN
cjal-9190	602	36	in	in	ADP
cjal-9190	602	37	the	the	DET
cjal-9190	602	38	new	new	ADJ
cjal-9190	602	39	era	era	NOUN
cjal-9190	602	40	,	,	PUNCT
cjal-9190	602	41	at	at	ADP
cjal-9190	602	42	25	25	NUM
cjal-9190	602	43	(	(	PUNCT
cjal-9190	602	44	on	on	ADP
cjal-9190	602	45	file	file	NOUN
cjal-9190	602	46	with	with	ADP
cjal-9190	602	47	authors	author	NOUN
cjal-9190	602	48	)	)	PUNCT
cjal-9190	602	49	;	;	PUNCT
cjal-9190	602	50	see	see	VERB
cjal-9190	602	51	zhengquan	zhengquan	PROPN
cjal-9190	602	52	jijin	jijin	PROPN
cjal-9190	602	53	jingying	jingying	PROPN
cjal-9190	602	54	jigou	jigou	PROPN
cjal-9190	602	55	dongshi	dongshi	PROPN
cjal-9190	602	56	,	,	PUNCT
cjal-9190	602	57	jianshi	jianshi	PROPN
cjal-9190	602	58	,	,	PUNCT
cjal-9190	603	1	gaoji	gaoji	PROPN
cjal-9190	603	2	guanli	guanli	PROPN
cjal-9190	603	3	renyuan	renyuan	PROPN
cjal-9190	604	1	ji	ji	PROPN
cjal-9190	604	2	jiuye	jiuye	PROPN
cjal-9190	604	3	renyuan	renyuan	PROPN
cjal-9190	604	4	jiandu	jiandu	PROPN
cjal-9190	604	5	guanli	guanli	PROPN
cjal-9190	604	6	banfa	banfa	PROPN
cjal-9190	604	7	(	(	PUNCT
cjal-9190	604	8	zhengqiu	zhengqiu	PROPN
cjal-9190	604	9	yijiangao	yijiangao	PROPN
cjal-9190	604	10	)	)	PUNCT
cjal-9190	604	11	(	(	PUNCT
cjal-9190	604	12	证券基金经营机构董事、监	证券基金经营机构董事、监	NOUN
cjal-9190	604	13	事、高级管理人员及从业人员监督管理办法(征求意见稿	事、高级管理人员及从业人员监督管理办法(征求意见稿	PROPN
cjal-9190	604	14	)	)	PUNCT
cjal-9190	604	15	)	)	PUNCT
cjal-9190	605	1	[	[	X
cjal-9190	605	2	supervision	supervision	NOUN
cjal-9190	605	3	and	and	CCONJ
cjal-9190	605	4	administration	administration	NOUN
cjal-9190	605	5	measures	measure	NOUN
cjal-9190	605	6	for	for	ADP
cjal-9190	605	7	directors	director	NOUN
cjal-9190	605	8	,	,	PUNCT
cjal-9190	605	9	supervisors	supervisor	NOUN
cjal-9190	605	10	,	,	PUNCT
cjal-9190	605	11	senior	senior	ADJ
cjal-9190	605	12	management	management	NOUN
cjal-9190	605	13	and	and	CCONJ
cjal-9190	605	14	practitioners	practitioner	NOUN
cjal-9190	605	15	of	of	ADP
cjal-9190	605	16	securities	security	NOUN
cjal-9190	605	17	and	and	CCONJ
cjal-9190	605	18	fund	fund	NOUN
cjal-9190	605	19	management	management	NOUN
cjal-9190	605	20	organizations	organization	NOUN
cjal-9190	605	21	(	(	PUNCT
cjal-9190	605	22	consultation	consultation	NOUN
cjal-9190	605	23	paper	paper	NOUN
cjal-9190	605	24	)	)	PUNCT
cjal-9190	605	25	]	]	PUNCT
cjal-9190	605	26	(	(	PUNCT
cjal-9190	605	27	promulgated	promulgate	VERB
cjal-9190	605	28	by	by	ADP
cjal-9190	605	29	the	the	DET
cjal-9190	605	30	csrc	csrc	NOUN
cjal-9190	605	31	on	on	ADP
cjal-9190	605	32	nov	nov	PROPN
cjal-9190	605	33	.	.	PROPN
cjal-9190	605	34	20	20	NUM
cjal-9190	605	35	,	,	PUNCT
cjal-9190	605	36	2020	2020	NUM
cjal-9190	605	37	)	)	PUNCT
cjal-9190	605	38	,	,	PUNCT
cjal-9190	605	39	section	section	NOUN
cjal-9190	605	40	3(1	3(1	NUM
cjal-9190	605	41	)	)	PUNCT
cjal-9190	605	42	(	(	PUNCT
cjal-9190	605	43	the	the	DET
cjal-9190	605	44	appointment	appointment	NOUN
cjal-9190	605	45	of	of	ADP
cjal-9190	605	46	directors	director	NOUN
cjal-9190	605	47	,	,	PUNCT
cjal-9190	605	48	supervisors	supervisor	NOUN
cjal-9190	605	49	,	,	PUNCT
cjal-9190	605	50	senior	senior	ADJ
cjal-9190	605	51	management	management	NOUN
cjal-9190	605	52	and	and	CCONJ
cjal-9190	605	53	branch	branch	NOUN
cjal-9190	605	54	heads	head	NOUN
cjal-9190	605	55	by	by	ADP
cjal-9190	605	56	securities	security	NOUN
cjal-9190	605	57	and	and	CCONJ
cjal-9190	605	58	fund	fund	NOUN
cjal-9190	605	59	operators	operator	NOUN
cjal-9190	605	60	should	should	AUX
cjal-9190	605	61	be	be	AUX
cjal-9190	605	62	filed	file	VERB
cjal-9190	605	63	with	with	ADP
cjal-9190	605	64	the	the	DET
cjal-9190	605	65	relevant	relevant	ADJ
cjal-9190	605	66	dispatching	dispatch	VERB
cjal-9190	605	67	agencies	agency	NOUN
cjal-9190	605	68	of	of	ADP
cjal-9190	605	69	csrc	csrc	NOUN
cjal-9190	605	70	in	in	ADP
cjal-9190	605	71	accordance	accordance	NOUN
cjal-9190	605	72	with	with	ADP
cjal-9190	605	73	the	the	DET
cjal-9190	605	74	law	law	NOUN
cjal-9190	605	75	)	)	PUNCT
cjal-9190	605	76	.	.	PUNCT
cjal-9190	606	1	tomoyuki	tomoyuki	PROPN
cjal-9190	606	2	fukumoto	fukumoto	NOUN
cjal-9190	606	3	et	et	PROPN
cjal-9190	606	4	al	al	PROPN
cjal-9190	606	5	.	.	PROPN
cjal-9190	606	6	,	,	PUNCT
cjal-9190	606	7	effectiveness	effectiveness	NOUN
cjal-9190	606	8	of	of	ADP
cjal-9190	606	9	window	window	NOUN
cjal-9190	606	10	guidance	guidance	NOUN
cjal-9190	606	11	and	and	CCONJ
cjal-9190	606	12	financial	financial	ADJ
cjal-9190	606	13	environment	environment	NOUN
cjal-9190	606	14	–	–	PUNCT
cjal-9190	606	15	in	in	ADP
cjal-9190	606	16	light	light	NOUN
cjal-9190	606	17	of	of	ADP
cjal-9190	606	18	japan	japan	PROPN
cjal-9190	606	19	’s	’s	PART
cjal-9190	606	20	experience	experience	NOUN
cjal-9190	606	21	of	of	ADP
cjal-9190	606	22	financial	financial	ADJ
cjal-9190	606	23	liberalization	liberalization	NOUN
cjal-9190	606	24	and	and	CCONJ
cjal-9190	606	25	a	a	DET
cjal-9190	606	26	bubble	bubble	NOUN
cjal-9190	606	27	economy	economy	NOUN
cjal-9190	606	28	,	,	PUNCT
cjal-9190	606	29	bank	bank	PROPN
cjal-9190	606	30	of	of	ADP
cjal-9190	606	31	japan	japan	PROPN
cjal-9190	606	32	rev	rev	PROPN
cjal-9190	606	33	.	.	PROPN
cjal-9190	607	1	(	(	PUNCT
cjal-9190	607	2	aug	aug	PROPN
cjal-9190	607	3	.	.	PROPN
cjal-9190	607	4	2010	2010	NUM
cjal-9190	607	5	)	)	PUNCT
cjal-9190	607	6	,	,	PUNCT
cjal-9190	607	7	https://www.boj.or.jp/en/research/wps_rev/rev_2010/data/rev10e04.pdf	https://www.boj.or.jp/en/research/wps_rev/rev_2010/data/rev10e04.pdf	PROPN
cjal-9190	607	8	.	.	PROPN
cjal-9190	607	9	122	122	NUM
cjal-9190	607	10	institutional	institutional	ADJ
cjal-9190	607	11	investors	investor	NOUN
cjal-9190	607	12	in	in	ADP
cjal-9190	607	13	china	china	PROPN
cjal-9190	607	14	[	[	X
cjal-9190	607	15	vol	vol	NOUN
cjal-9190	607	16	.	.	PUNCT
cjal-9190	608	1	35	35	NUM
cjal-9190	608	2	:	:	SYM
cjal-9190	608	3	74	74	NUM
cjal-9190	608	4	empirical	empirical	ADJ
cjal-9190	608	5	evidence	evidence	NOUN
cjal-9190	608	6	demonstrating	demonstrate	VERB
cjal-9190	608	7	the	the	DET
cjal-9190	608	8	control	control	NOUN
cjal-9190	608	9	over	over	ADP
cjal-9190	608	10	poiis	poiis	NOUN
cjal-9190	608	11	to	to	PART
cjal-9190	608	12	facilitate	facilitate	VERB
cjal-9190	608	13	the	the	DET
cjal-9190	608	14	split	split	ADJ
cjal-9190	608	15	share	share	NOUN
cjal-9190	608	16	reform	reform	NOUN
cjal-9190	608	17	,	,	PUNCT
cjal-9190	608	18	anecdotal	anecdotal	ADJ
cjal-9190	608	19	evidence	evidence	NOUN
cjal-9190	608	20	suggests	suggest	VERB
cjal-9190	608	21	that	that	SCONJ
cjal-9190	608	22	window	window	NOUN
cjal-9190	608	23	guidance	guidance	NOUN
cjal-9190	608	24	is	be	AUX
cjal-9190	608	25	used	use	VERB
cjal-9190	608	26	to	to	PART
cjal-9190	608	27	alter	alter	VERB
cjal-9190	608	28	the	the	DET
cjal-9190	608	29	behavior	behavior	NOUN
cjal-9190	608	30	of	of	ADP
cjal-9190	608	31	poiis	poiis	NOUN
cjal-9190	608	32	to	to	PART
cjal-9190	608	33	bolster	bolster	VERB
cjal-9190	608	34	the	the	DET
cjal-9190	608	35	ccps	ccp	NOUN
cjal-9190	608	36	ability	ability	NOUN
cjal-9190	608	37	to	to	PART
cjal-9190	608	38	utilize	utilize	VERB
cjal-9190	608	39	domestic	domestic	ADJ
cjal-9190	608	40	institutional	institutional	ADJ
cjal-9190	608	41	investors	investor	NOUN
cjal-9190	608	42	to	to	PART
cjal-9190	608	43	achieve	achieve	VERB
cjal-9190	608	44	social	social	ADJ
cjal-9190	608	45	stability	stability	NOUN
cjal-9190	608	46	surrounding	surround	VERB
cjal-9190	608	47	major	major	ADJ
cjal-9190	608	48	political	political	ADJ
cjal-9190	608	49	events.158	events.158	NOUN
cjal-9190	608	50	perhaps	perhaps	ADV
cjal-9190	608	51	unsurprisingly	unsurprisingly	ADV
cjal-9190	608	52	,	,	PUNCT
cjal-9190	608	53	the	the	DET
cjal-9190	608	54	empirical	empirical	ADJ
cjal-9190	608	55	evidence	evidence	NOUN
cjal-9190	608	56	in	in	ADP
cjal-9190	608	57	part	part	NOUN
cjal-9190	608	58	iii	iii	NOUN
cjal-9190	608	59	suggests	suggest	VERB
cjal-9190	608	60	that	that	SCONJ
cjal-9190	608	61	the	the	DET
cjal-9190	608	62	ccps	ccp	NOUN
cjal-9190	608	63	ability	ability	NOUN
cjal-9190	608	64	to	to	PART
cjal-9190	608	65	use	use	VERB
cjal-9190	608	66	foiis	foiis	NOUN
cjal-9190	608	67	as	as	ADP
cjal-9190	608	68	a	a	DET
cjal-9190	608	69	conduit	conduit	NOUN
cjal-9190	608	70	for	for	ADP
cjal-9190	608	71	policy	policy	NOUN
cjal-9190	608	72	channeling	channeling	NOUN
cjal-9190	608	73	is	be	AUX
cjal-9190	608	74	considerably	considerably	ADV
cjal-9190	608	75	more	more	ADV
cjal-9190	608	76	limited	limited	ADJ
cjal-9190	608	77	,	,	PUNCT
cjal-9190	608	78	if	if	SCONJ
cjal-9190	608	79	not	not	PART
cjal-9190	608	80	non	non	ADJ
cjal-9190	608	81	-	-	ADJ
cjal-9190	608	82	existent	existent	ADJ
cjal-9190	608	83	.	.	PUNCT
cjal-9190	609	1	this	this	PRON
cjal-9190	609	2	is	be	AUX
cjal-9190	609	3	supported	support	VERB
cjal-9190	609	4	by	by	ADP
cjal-9190	609	5	the	the	DET
cjal-9190	609	6	empirical	empirical	ADJ
cjal-9190	609	7	evidence	evidence	NOUN
cjal-9190	609	8	regarding	regard	VERB
cjal-9190	609	9	the	the	DET
cjal-9190	609	10	split	split	ADJ
cjal-9190	609	11	share	share	NOUN
cjal-9190	609	12	reform	reform	NOUN
cjal-9190	609	13	which	which	PRON
cjal-9190	609	14	suggests	suggest	VERB
cjal-9190	609	15	that	that	SCONJ
cjal-9190	609	16	qfiis	qfiis	NOUN
cjal-9190	609	17	acted	act	VERB
cjal-9190	609	18	in	in	ADP
cjal-9190	609	19	the	the	DET
cjal-9190	609	20	interest	interest	NOUN
cjal-9190	609	21	of	of	ADP
cjal-9190	609	22	their	their	PRON
cjal-9190	609	23	beneficiaries	beneficiary	NOUN
cjal-9190	609	24	and	and	CCONJ
cjal-9190	609	25	their	their	PRON
cjal-9190	609	26	investee	investee	NOUN
cjal-9190	609	27	companies	company	NOUN
cjal-9190	609	28	’	'	PUNCT
cjal-9190	609	29	tradable	tradable	ADJ
cjal-9190	609	30	shareholders	shareholder	NOUN
cjal-9190	609	31	in	in	ADP
cjal-9190	609	32	negotiating	negotiate	VERB
cjal-9190	609	33	the	the	DET
cjal-9190	609	34	compensation	compensation	NOUN
cjal-9190	609	35	in	in	ADP
cjal-9190	609	36	the	the	DET
cjal-9190	609	37	reform	reform	NOUN
cjal-9190	609	38	—	—	PUNCT
cjal-9190	609	39	as	as	SCONJ
cjal-9190	609	40	opposed	oppose	VERB
cjal-9190	609	41	to	to	ADP
cjal-9190	609	42	jettisoning	jettison	VERB
cjal-9190	609	43	their	their	PRON
cjal-9190	609	44	interests	interest	NOUN
cjal-9190	609	45	to	to	PART
cjal-9190	609	46	make	make	VERB
cjal-9190	609	47	the	the	DET
cjal-9190	609	48	ccp	ccp	PROPN
cjal-9190	609	49	’s	’s	PART
cjal-9190	609	50	market	market	NOUN
cjal-9190	609	51	reform	reform	NOUN
cjal-9190	609	52	a	a	DET
cjal-9190	609	53	success.159	success.159	PROPN
cjal-9190	609	54	there	there	PRON
cjal-9190	609	55	appears	appear	VERB
cjal-9190	609	56	to	to	PART
cjal-9190	609	57	be	be	AUX
cjal-9190	609	58	no	no	DET
cjal-9190	609	59	evidence	evidence	NOUN
cjal-9190	609	60	that	that	SCONJ
cjal-9190	609	61	qfiis	qfiis	NOUN
cjal-9190	609	62	have	have	AUX
cjal-9190	609	63	participated	participate	VERB
cjal-9190	609	64	in	in	ADP
cjal-9190	609	65	any	any	DET
cjal-9190	609	66	market	market	NOUN
cjal-9190	609	67	stabilization	stabilization	NOUN
cjal-9190	609	68	efforts	effort	NOUN
cjal-9190	609	69	,	,	PUNCT
cjal-9190	609	70	including	include	VERB
cjal-9190	609	71	the	the	DET
cjal-9190	609	72	campaign	campaign	NOUN
cjal-9190	609	73	carried	carry	VERB
cjal-9190	609	74	out	out	ADP
cjal-9190	609	75	by	by	ADP
cjal-9190	609	76	the	the	DET
cjal-9190	609	77	national	national	ADJ
cjal-9190	609	78	team	team	NOUN
cjal-9190	609	79	following	follow	VERB
cjal-9190	609	80	the	the	DET
cjal-9190	609	81	2015	2015	NUM
cjal-9190	609	82	market	market	NOUN
cjal-9190	609	83	collapse	collapse	NOUN
cjal-9190	609	84	.	.	PUNCT
cjal-9190	610	1	the	the	DET
cjal-9190	610	2	independence	independence	NOUN
cjal-9190	610	3	of	of	ADP
cjal-9190	610	4	qfiis	qfiis	NOUN
cjal-9190	610	5	from	from	ADP
cjal-9190	610	6	the	the	DET
cjal-9190	610	7	ccp	ccp	PROPN
cjal-9190	610	8	may	may	AUX
cjal-9190	610	9	also	also	ADV
cjal-9190	610	10	help	help	VERB
cjal-9190	610	11	explain	explain	VERB
cjal-9190	610	12	why	why	SCONJ
cjal-9190	610	13	several	several	ADJ
cjal-9190	610	14	empirical	empirical	ADJ
cjal-9190	610	15	studies	study	NOUN
cjal-9190	610	16	examined	examine	VERB
cjal-9190	610	17	in	in	ADP
cjal-9190	610	18	part	part	NOUN
cjal-9190	610	19	iii	iii	NUM
cjal-9190	610	20	found	find	VERB
cjal-9190	610	21	that	that	SCONJ
cjal-9190	610	22	qfiis	qfiis	NOUN
cjal-9190	610	23	played	play	VERB
cjal-9190	610	24	a	a	DET
cjal-9190	610	25	positive	positive	ADJ
cjal-9190	610	26	monitoring	monitoring	NOUN
cjal-9190	610	27	role	role	NOUN
cjal-9190	610	28	in	in	ADP
cjal-9190	610	29	ashares	ashare	NOUN
cjal-9190	610	30	companies	company	NOUN
cjal-9190	610	31	,	,	PUNCT
cjal-9190	610	32	despite	despite	SCONJ
cjal-9190	610	33	their	their	PRON
cjal-9190	610	34	modest	modest	ADJ
cjal-9190	610	35	shareholdings	shareholding	NOUN
cjal-9190	610	36	—	—	PUNCT
cjal-9190	610	37	which	which	PRON
cjal-9190	610	38	,	,	PUNCT
cjal-9190	610	39	as	as	SCONJ
cjal-9190	610	40	explained	explain	VERB
cjal-9190	610	41	in	in	ADP
cjal-9190	610	42	part	part	PROPN
cjal-9190	610	43	ii	ii	PROPN
cjal-9190	610	44	,	,	PUNCT
cjal-9190	610	45	have	have	AUX
cjal-9190	610	46	historically	historically	ADV
cjal-9190	610	47	been	be	AUX
cjal-9190	610	48	limited	limit	VERB
cjal-9190	610	49	by	by	ADP
cjal-9190	610	50	strict	strict	ADJ
cjal-9190	610	51	regulatory	regulatory	ADJ
cjal-9190	610	52	caps	cap	NOUN
cjal-9190	610	53	that	that	PRON
cjal-9190	610	54	have	have	AUX
cjal-9190	610	55	only	only	ADV
cjal-9190	610	56	recently	recently	ADV
cjal-9190	610	57	been	be	AUX
cjal-9190	610	58	relaxed	relax	VERB
cjal-9190	610	59	.	.	PUNCT
cjal-9190	611	1	taking	take	VERB
cjal-9190	611	2	a	a	DET
cjal-9190	611	3	step	step	NOUN
cjal-9190	611	4	back	back	ADV
cjal-9190	611	5	,	,	PUNCT
cjal-9190	611	6	based	base	VERB
cjal-9190	611	7	on	on	ADP
cjal-9190	611	8	the	the	DET
cjal-9190	611	9	ability	ability	NOUN
cjal-9190	611	10	of	of	ADP
cjal-9190	611	11	the	the	DET
cjal-9190	611	12	ccp	ccp	PROPN
cjal-9190	611	13	to	to	PART
cjal-9190	611	14	utilize	utilize	VERB
cjal-9190	611	15	institutional	institutional	ADJ
cjal-9190	611	16	investors	investor	NOUN
cjal-9190	611	17	for	for	ADP
cjal-9190	611	18	the	the	DET
cjal-9190	611	19	purpose	purpose	NOUN
cjal-9190	611	20	of	of	ADP
cjal-9190	611	21	policy	policy	NOUN
cjal-9190	611	22	channeling	channeling	NOUN
cjal-9190	611	23	,	,	PUNCT
cjal-9190	611	24	institutional	institutional	ADJ
cjal-9190	611	25	investors	investor	NOUN
cjal-9190	611	26	in	in	ADP
cjal-9190	611	27	china	china	PROPN
cjal-9190	611	28	can	can	AUX
cjal-9190	611	29	be	be	AUX
cjal-9190	611	30	classified	classify	VERB
cjal-9190	611	31	into	into	ADP
cjal-9190	611	32	three	three	NUM
cjal-9190	611	33	broad	broad	ADJ
cjal-9190	611	34	categories	category	NOUN
cjal-9190	611	35	,	,	PUNCT
cjal-9190	611	36	as	as	SCONJ
cjal-9190	611	37	depicted	depict	VERB
cjal-9190	611	38	in	in	ADP
cjal-9190	611	39	diagram	diagram	NOUN
cjal-9190	611	40	1	1	NUM
cjal-9190	611	41	below	below	ADV
cjal-9190	611	42	.	.	PUNCT
cjal-9190	612	1	the	the	DET
cjal-9190	612	2	first	first	ADJ
cjal-9190	612	3	category	category	NOUN
cjal-9190	612	4	,	,	PUNCT
cjal-9190	612	5	statecontrolled	statecontrolled	ADJ
cjal-9190	612	6	institutional	institutional	ADJ
cjal-9190	612	7	investors	investor	NOUN
cjal-9190	612	8	,	,	PUNCT
cjal-9190	612	9	is	be	AUX
cjal-9190	612	10	composed	compose	VERB
cjal-9190	612	11	of	of	ADP
cjal-9190	612	12	china	china	PROPN
cjal-9190	612	13	’s	’s	PART
cjal-9190	612	14	soiis	soiis	NOUN
cjal-9190	612	15	.	.	PUNCT
cjal-9190	613	1	the	the	DET
cjal-9190	613	2	ccp	ccp	PROPN
cjal-9190	613	3	exercises	exercise	VERB
cjal-9190	613	4	two	two	NUM
cjal-9190	613	5	-	-	PUNCT
cjal-9190	613	6	tiers	tier	NOUN
cjal-9190	613	7	of	of	ADP
cjal-9190	613	8	control	control	NOUN
cjal-9190	613	9	over	over	ADP
cjal-9190	613	10	soiis	soiis	NOUN
cjal-9190	613	11	through	through	ADP
cjal-9190	613	12	both	both	PRON
cjal-9190	613	13	its	its	PRON
cjal-9190	613	14	shareholding	shareholding	NOUN
cjal-9190	613	15	network	network	NOUN
cjal-9190	613	16	and	and	CCONJ
cjal-9190	613	17	the	the	DET
cjal-9190	613	18	appointment	appointment	NOUN
cjal-9190	613	19	of	of	ADP
cjal-9190	613	20	the	the	DET
cjal-9190	613	21	“	"	PUNCT
cjal-9190	613	22	first	first	ADJ
cjal-9190	613	23	in	in	ADP
cjal-9190	613	24	command	command	NOUN
cjal-9190	613	25	”	"	PUNCT
cjal-9190	613	26	(	(	PUNCT
cjal-9190	613	27	yi	yi	NOUN
cjal-9190	613	28	ba	ba	PROPN
cjal-9190	613	29	shou	shou	PROPN
cjal-9190	613	30	)	)	PUNCT
cjal-9190	613	31	of	of	ADP
cjal-9190	613	32	soiis.160	soiis.160	PROPN
cjal-9190	613	33	first	first	ADV
cjal-9190	613	34	,	,	PUNCT
cjal-9190	613	35	as	as	ADP
cjal-9190	613	36	the	the	DET
cjal-9190	613	37	controlling	control	VERB
cjal-9190	613	38	shareholder	shareholder	NOUN
cjal-9190	613	39	or	or	CCONJ
cjal-9190	613	40	actual	actual	ADJ
cjal-9190	613	41	controller	controller	NOUN
cjal-9190	613	42	who	who	PRON
cjal-9190	613	43	holds	hold	VERB
cjal-9190	613	44	over	over	ADP
cjal-9190	613	45	50	50	NUM
cjal-9190	613	46	%	%	NOUN
cjal-9190	613	47	of	of	ADP
cjal-9190	613	48	the	the	DET
cjal-9190	613	49	shares	share	NOUN
cjal-9190	613	50	of	of	ADP
cjal-9190	613	51	soiis	soiis	NOUN
cjal-9190	613	52	directly	directly	ADV
cjal-9190	613	53	or	or	CCONJ
cjal-9190	613	54	indirectly	indirectly	ADV
cjal-9190	613	55	,	,	PUNCT
cjal-9190	613	56	the	the	DET
cjal-9190	613	57	government	government	NOUN
cjal-9190	613	58	agencies	agency	NOUN
cjal-9190	613	59	are	be	AUX
cjal-9190	613	60	able	able	ADJ
cjal-9190	613	61	to	to	PART
cjal-9190	613	62	exercise	exercise	VERB
cjal-9190	613	63	legal	legal	ADJ
cjal-9190	613	64	control	control	NOUN
cjal-9190	613	65	over	over	ADP
cjal-9190	613	66	soiis.161	soiis.161	ADJ
cjal-9190	613	67	as	as	SCONJ
cjal-9190	613	68	illustrated	illustrate	VERB
cjal-9190	613	69	in	in	ADP
cjal-9190	613	70	diagram	diagram	NOUN
cjal-9190	613	71	1	1	NUM
cjal-9190	613	72	below	below	ADV
cjal-9190	613	73	,	,	PUNCT
cjal-9190	613	74	the	the	DET
cjal-9190	613	75	institutional	institutional	ADJ
cjal-9190	613	76	architecture	architecture	NOUN
cjal-9190	613	77	that	that	PRON
cjal-9190	613	78	has	have	AUX
cjal-9190	613	79	progressively	progressively	ADV
cjal-9190	613	80	been	be	AUX
cjal-9190	613	81	developed	develop	VERB
cjal-9190	613	82	during	during	ADP
cjal-9190	613	83	the	the	DET
cjal-9190	613	84	soe	soe	PROPN
cjal-9190	613	85	reform	reform	NOUN
cjal-9190	613	86	process	process	NOUN
cjal-9190	613	87	has	have	AUX
cjal-9190	613	88	created	create	VERB
cjal-9190	613	89	a	a	DET
cjal-9190	613	90	complex	complex	ADJ
cjal-9190	613	91	network	network	NOUN
cjal-9190	613	92	of	of	ADP
cjal-9190	613	93	different	different	ADJ
cjal-9190	613	94	government	government	NOUN
cjal-9190	613	95	agencies	agency	NOUN
cjal-9190	613	96	(	(	PUNCT
cjal-9190	613	97	e.g.	e.g.	ADV
cjal-9190	613	98	,	,	PUNCT
cjal-9190	613	99	the	the	DET
cjal-9190	613	100	state	state	PROPN
cjal-9190	613	101	council	council	PROPN
cjal-9190	613	102	,	,	PUNCT
cjal-9190	613	103	state	state	NOUN
cjal-9190	613	104	-	-	PUNCT
cjal-9190	613	105	owned	own	VERB
cjal-9190	613	106	assets	asset	NOUN
cjal-9190	613	107	supervision	supervision	NOUN
cjal-9190	613	108	and	and	CCONJ
cjal-9190	613	109	administration	administration	PROPN
cjal-9190	613	110	158	158	PROPN
cjal-9190	613	111	shen	shen	PROPN
cjal-9190	613	112	&	&	CCONJ
cjal-9190	613	113	xie	xie	PROPN
cjal-9190	613	114	,	,	PUNCT
cjal-9190	613	115	supra	supra	PROPN
cjal-9190	613	116	note	note	PROPN
cjal-9190	614	1	153	153	NUM
cjal-9190	614	2	.	.	PROPN
cjal-9190	614	3	159	159	NUM
cjal-9190	615	1	huang	huang	PROPN
cjal-9190	615	2	&	&	CCONJ
cjal-9190	615	3	zhu	zhu	PROPN
cjal-9190	615	4	,	,	PUNCT
cjal-9190	615	5	supra	supra	PROPN
cjal-9190	615	6	note	note	PROPN
cjal-9190	615	7	47	47	NUM
cjal-9190	615	8	,	,	PUNCT
cjal-9190	615	9	at	at	ADP
cjal-9190	615	10	319	319	NUM
cjal-9190	615	11	.	.	PUNCT
cjal-9190	615	12	160	160	NUM
cjal-9190	616	1	the	the	DET
cjal-9190	616	2	chairman	chairman	NOUN
cjal-9190	616	3	of	of	ADP
cjal-9190	616	4	the	the	DET
cjal-9190	616	5	board	board	NOUN
cjal-9190	616	6	,	,	PUNCT
cjal-9190	616	7	general	general	ADJ
cjal-9190	616	8	manager	manager	NOUN
cjal-9190	616	9	,	,	PUNCT
cjal-9190	616	10	and	and	CCONJ
cjal-9190	616	11	party	party	PROPN
cjal-9190	616	12	committee	committee	NOUN
cjal-9190	616	13	secretary	secretary	NOUN
cjal-9190	616	14	are	be	AUX
cjal-9190	616	15	often	often	ADV
cjal-9190	616	16	referred	refer	VERB
cjal-9190	616	17	to	to	ADP
cjal-9190	616	18	collectively	collectively	ADV
cjal-9190	616	19	using	use	VERB
cjal-9190	616	20	the	the	DET
cjal-9190	616	21	political	political	ADJ
cjal-9190	616	22	term	term	NOUN
cjal-9190	616	23	the	the	DET
cjal-9190	616	24	“	"	PUNCT
cjal-9190	616	25	first	first	ADJ
cjal-9190	616	26	in	in	ADP
cjal-9190	616	27	command	command	NOUN
cjal-9190	616	28	”	"	PUNCT
cjal-9190	616	29	(	(	PUNCT
cjal-9190	616	30	yi	yi	NOUN
cjal-9190	616	31	ba	ba	PROPN
cjal-9190	616	32	shou	shou	PROPN
cjal-9190	616	33	)	)	PUNCT
cjal-9190	616	34	of	of	ADP
cjal-9190	616	35	the	the	DET
cjal-9190	616	36	soiis	soiis	NOUN
cjal-9190	616	37	.	.	PUNCT
cjal-9190	617	1	161	161	NUM
cjal-9190	617	2	the	the	DET
cjal-9190	617	3	data	datum	NOUN
cjal-9190	617	4	is	be	AUX
cjal-9190	617	5	taken	take	VERB
cjal-9190	617	6	from	from	ADP
cjal-9190	617	7	“	"	PUNCT
cjal-9190	617	8	qichacha	qichacha	ADJ
cjal-9190	617	9	”	"	PUNCT
cjal-9190	617	10	(	(	PUNCT
cjal-9190	617	11	an	an	DET
cjal-9190	617	12	enterprise	enterprise	NOUN
cjal-9190	617	13	information	information	NOUN
cjal-9190	617	14	enquiry	enquiry	NOUN
cjal-9190	617	15	system	system	NOUN
cjal-9190	617	16	):	):	PUNCT
cjal-9190	617	17	https://www.qcc.com/	https://www.qcc.com/	PROPN
cjal-9190	617	18	>	>	X
cjal-9190	617	19	last	last	NOUN
cjal-9190	617	20	accessed	access	VERB
cjal-9190	617	21	on	on	ADP
cjal-9190	617	22	jun	jun	PROPN
cjal-9190	617	23	.	.	PROPN
cjal-9190	617	24	13	13	NUM
cjal-9190	617	25	,	,	PUNCT
cjal-9190	617	26	2021	2021	NUM
cjal-9190	617	27	.	.	PUNCT
cjal-9190	618	1	2022	2022	NUM
cjal-9190	618	2	]	]	PUNCT
cjal-9190	618	3	columbia	columbia	PROPN
cjal-9190	618	4	journal	journal	PROPN
cjal-9190	618	5	of	of	ADP
cjal-9190	618	6	asian	asian	ADJ
cjal-9190	618	7	law	law	PROPN
cjal-9190	618	8	123	123	NUM
cjal-9190	618	9	commission	commission	NOUN
cjal-9190	618	10	of	of	ADP
cjal-9190	618	11	the	the	DET
cjal-9190	618	12	state	state	PROPN
cjal-9190	618	13	council	council	PROPN
cjal-9190	618	14	(	(	PUNCT
cjal-9190	618	15	sasac	sasac	NOUN
cjal-9190	618	16	)	)	PUNCT
cjal-9190	618	17	,	,	PUNCT
cjal-9190	618	18	and	and	CCONJ
cjal-9190	618	19	the	the	DET
cjal-9190	618	20	ministry	ministry	PROPN
cjal-9190	618	21	of	of	ADP
cjal-9190	618	22	finance	finance	PROPN
cjal-9190	618	23	and	and	CCONJ
cjal-9190	618	24	state	state	PROPN
cjal-9190	618	25	administration	administration	NOUN
cjal-9190	618	26	of	of	ADP
cjal-9190	618	27	foreign	foreign	ADJ
cjal-9190	618	28	exchange	exchange	NOUN
cjal-9190	618	29	(	(	PUNCT
cjal-9190	618	30	safe	safe	ADJ
cjal-9190	618	31	)	)	PUNCT
cjal-9190	618	32	)	)	PUNCT
cjal-9190	618	33	holding	hold	VERB
cjal-9190	618	34	shares	share	NOUN
cjal-9190	618	35	in	in	ADP
cjal-9190	618	36	soiis	soiis	NOUN
cjal-9190	618	37	on	on	ADP
cjal-9190	618	38	behalf	behalf	NOUN
cjal-9190	618	39	of	of	ADP
cjal-9190	618	40	the	the	DET
cjal-9190	618	41	state.162	state.162	NOUN
cjal-9190	618	42	however	however	ADV
cjal-9190	618	43	,	,	PUNCT
cjal-9190	618	44	it	it	PRON
cjal-9190	618	45	should	should	AUX
cjal-9190	618	46	be	be	AUX
cjal-9190	618	47	noted	note	VERB
cjal-9190	618	48	that	that	SCONJ
cjal-9190	618	49	more	more	ADV
cjal-9190	618	50	recently	recently	ADV
cjal-9190	618	51	,	,	PUNCT
cjal-9190	618	52	the	the	DET
cjal-9190	618	53	government	government	NOUN
cjal-9190	618	54	policy	policy	NOUN
cjal-9190	618	55	has	have	AUX
cjal-9190	618	56	been	be	AUX
cjal-9190	618	57	to	to	PART
cjal-9190	618	58	consolidate	consolidate	VERB
cjal-9190	618	59	the	the	DET
cjal-9190	618	60	state	state	NOUN
cjal-9190	618	61	-	-	PUNCT
cjal-9190	618	62	owned	own	VERB
cjal-9190	618	63	shares	share	NOUN
cjal-9190	618	64	of	of	ADP
cjal-9190	618	65	soiis	soiis	NOUN
cjal-9190	618	66	into	into	ADP
cjal-9190	618	67	mof	mof	NOUN
cjal-9190	618	68	in	in	ADP
cjal-9190	618	69	order	order	NOUN
cjal-9190	618	70	to	to	PART
cjal-9190	618	71	simplify	simplify	VERB
cjal-9190	618	72	the	the	DET
cjal-9190	618	73	shareholding	shareholding	NOUN
cjal-9190	618	74	network	network	NOUN
cjal-9190	618	75	between	between	ADP
cjal-9190	618	76	government	government	NOUN
cjal-9190	618	77	agencies	agency	NOUN
cjal-9190	618	78	and	and	CCONJ
cjal-9190	618	79	soiis	soiis	NOUN
cjal-9190	618	80	and	and	CCONJ
cjal-9190	618	81	to	to	PART
cjal-9190	618	82	strengthen	strengthen	VERB
cjal-9190	618	83	the	the	DET
cjal-9190	618	84	government	government	NOUN
cjal-9190	618	85	’s	’s	PART
cjal-9190	618	86	control	control	NOUN
cjal-9190	618	87	over	over	ADP
cjal-9190	618	88	state	state	NOUN
cjal-9190	618	89	-	-	PUNCT
cjal-9190	618	90	owned	own	VERB
cjal-9190	618	91	shares.163	shares.163	NOUN
cjal-9190	618	92	as	as	ADP
cjal-9190	618	93	the	the	DET
cjal-9190	618	94	major	major	ADJ
cjal-9190	618	95	shareholder	shareholder	NOUN
cjal-9190	618	96	of	of	ADP
cjal-9190	618	97	soiis	soiis	NOUN
cjal-9190	618	98	,	,	PUNCT
cjal-9190	618	99	the	the	DET
cjal-9190	618	100	mof	mof	NOUN
cjal-9190	618	101	is	be	AUX
cjal-9190	618	102	able	able	ADJ
cjal-9190	618	103	to	to	PART
cjal-9190	618	104	exercise	exercise	VERB
cjal-9190	618	105	its	its	PRON
cjal-9190	618	106	shareholder	shareholder	NOUN
cjal-9190	618	107	rights	right	NOUN
cjal-9190	618	108	under	under	ADP
cjal-9190	618	109	the	the	DET
cjal-9190	618	110	prc	prc	PROPN
cjal-9190	618	111	company	company	NOUN
cjal-9190	618	112	law	law	NOUN
cjal-9190	618	113	(	(	PUNCT
cjal-9190	618	114	e.g.	e.g.	ADV
cjal-9190	618	115	,	,	PUNCT
cjal-9190	618	116	participating	participate	VERB
cjal-9190	618	117	in	in	ADP
cjal-9190	618	118	appointment	appointment	NOUN
cjal-9190	618	119	and	and	CCONJ
cjal-9190	618	120	dismissal	dismissal	NOUN
cjal-9190	618	121	of	of	ADP
cjal-9190	618	122	senior	senior	ADJ
cjal-9190	618	123	managers164	managers164	PROPN
cjal-9190	618	124	,	,	PUNCT
cjal-9190	618	125	revision	revision	NOUN
cjal-9190	618	126	of	of	ADP
cjal-9190	618	127	the	the	DET
cjal-9190	618	128	articles	article	NOUN
cjal-9190	618	129	of	of	ADP
cjal-9190	618	130	association	association	NOUN
cjal-9190	618	131	,	,	PUNCT
cjal-9190	618	132	and	and	CCONJ
cjal-9190	618	133	other	other	ADJ
cjal-9190	618	134	decision	decision	NOUN
cjal-9190	618	135	-	-	PUNCT
cjal-9190	618	136	making	make	VERB
cjal-9190	618	137	processes	process	NOUN
cjal-9190	618	138	)	)	PUNCT
cjal-9190	618	139	165	165	NUM
cjal-9190	618	140	to	to	PART
cjal-9190	618	141	control	control	VERB
cjal-9190	618	142	the	the	DET
cjal-9190	618	143	corporate	corporate	ADJ
cjal-9190	618	144	governance	governance	NOUN
cjal-9190	618	145	of	of	ADP
cjal-9190	618	146	soiis	soiis	NOUN
cjal-9190	618	147	.	.	PUNCT
cjal-9190	619	1	notably	notably	ADV
cjal-9190	619	2	,	,	PUNCT
cjal-9190	619	3	this	this	PRON
cjal-9190	619	4	does	do	AUX
cjal-9190	619	5	not	not	PART
cjal-9190	619	6	mean	mean	VERB
cjal-9190	619	7	that	that	SCONJ
cjal-9190	619	8	mof	mof	X
cjal-9190	619	9	exercises	exercise	VERB
cjal-9190	619	10	any	any	DET
cjal-9190	619	11	external	external	ADJ
cjal-9190	619	12	regulatory	regulatory	ADJ
cjal-9190	619	13	power	power	NOUN
cjal-9190	619	14	over	over	ADP
cjal-9190	619	15	these	these	DET
cjal-9190	619	16	soiis	soiis	NOUN
cjal-9190	619	17	—	—	PUNCT
cjal-9190	619	18	which	which	PRON
cjal-9190	619	19	is	be	AUX
cjal-9190	619	20	critically	critically	ADV
cjal-9190	619	21	important	important	ADJ
cjal-9190	619	22	as	as	SCONJ
cjal-9190	619	23	all	all	DET
cjal-9190	619	24	the	the	DET
cjal-9190	619	25	domestic	domestic	ADJ
cjal-9190	619	26	institutional	institutional	ADJ
cjal-9190	619	27	investors	investor	NOUN
cjal-9190	619	28	including	include	VERB
cjal-9190	619	29	soiis	soiis	NOUN
cjal-9190	619	30	and	and	CCONJ
cjal-9190	619	31	poiis	poiis	NOUN
cjal-9190	619	32	are	be	AUX
cjal-9190	619	33	effectively	effectively	ADV
cjal-9190	619	34	regulated	regulate	VERB
cjal-9190	619	35	by	by	ADP
cjal-9190	619	36	the	the	DET
cjal-9190	619	37	three	three	NUM
cjal-9190	619	38	financial	financial	ADJ
cjal-9190	619	39	regulatory	regulatory	ADJ
cjal-9190	619	40	agencies	agency	NOUN
cjal-9190	619	41	(	(	PUNCT
cjal-9190	619	42	i.e.	i.e.	X
cjal-9190	619	43	,	,	PUNCT
cjal-9190	619	44	pboc	pboc	NOUN
cjal-9190	619	45	,	,	PUNCT
cjal-9190	619	46	cbirc	cbirc	NOUN
cjal-9190	619	47	and	and	CCONJ
cjal-9190	619	48	csrc	csrc	NOUN
cjal-9190	619	49	,	,	PUNCT
cjal-9190	619	50	the	the	DET
cjal-9190	619	51	three	three	NUM
cjal-9190	619	52	agencies	agency	NOUN
cjal-9190	619	53	are	be	AUX
cjal-9190	619	54	also	also	ADV
cjal-9190	619	55	known	know	VERB
cjal-9190	619	56	as	as	ADP
cjal-9190	619	57	‘	'	PUNCT
cjal-9190	619	58	one	one	NUM
cjal-9190	619	59	bank	bank	NOUN
cjal-9190	619	60	and	and	CCONJ
cjal-9190	619	61	two	two	NUM
cjal-9190	619	62	commissions	commission	NOUN
cjal-9190	619	63	’	'	PUNCT
cjal-9190	619	64	,	,	PUNCT
cjal-9190	619	65	yi	yi	PROPN
cjal-9190	619	66	hang	hang	VERB
cjal-9190	619	67	162	162	NUM
cjal-9190	619	68	see	see	VERB
cjal-9190	620	1	qiye	qiye	PROPN
cjal-9190	620	2	guoyou	guoyou	PROPN
cjal-9190	621	1	zichan	zichan	PROPN
cjal-9190	621	2	fa	fa	PROPN
cjal-9190	621	3	(	(	PUNCT
cjal-9190	621	4	中华人民共和国企业国有资产法	中华人民共和国企业国有资产法	PROPN
cjal-9190	621	5	)	)	PUNCT
cjal-9190	622	1	[	[	X
cjal-9190	622	2	law	law	NOUN
cjal-9190	622	3	of	of	ADP
cjal-9190	622	4	the	the	DET
cjal-9190	622	5	state	state	NOUN
cjal-9190	622	6	-	-	PUNCT
cjal-9190	622	7	owned	own	VERB
cjal-9190	622	8	assets	asset	NOUN
cjal-9190	622	9	of	of	ADP
cjal-9190	622	10	enterprises	enterprise	NOUN
cjal-9190	622	11	]	]	PUNCT
cjal-9190	622	12	(	(	PUNCT
cjal-9190	622	13	promulgated	promulgate	VERB
cjal-9190	622	14	by	by	ADP
cjal-9190	622	15	the	the	DET
cjal-9190	622	16	standing	standing	PROPN
cjal-9190	622	17	committee	committee	PROPN
cjal-9190	622	18	of	of	ADP
cjal-9190	622	19	the	the	DET
cjal-9190	622	20	national	national	PROPN
cjal-9190	622	21	people	people	PROPN
cjal-9190	622	22	’s	’s	PART
cjal-9190	622	23	congress	congress	PROPN
cjal-9190	622	24	on	on	ADP
cjal-9190	622	25	oct	oct	PROPN
cjal-9190	622	26	.	.	PROPN
cjal-9190	622	27	28	28	NUM
cjal-9190	622	28	,	,	PUNCT
cjal-9190	622	29	2008	2008	NUM
cjal-9190	622	30	)	)	PUNCT
cjal-9190	622	31	article	article	NOUN
cjal-9190	622	32	4	4	NUM
cjal-9190	622	33	and	and	CCONJ
cjal-9190	622	34	11	11	NUM
cjal-9190	622	35	.	.	PUNCT
cjal-9190	623	1	the	the	DET
cjal-9190	623	2	state	state	PROPN
cjal-9190	623	3	council	council	PROPN
cjal-9190	623	4	and	and	CCONJ
cjal-9190	623	5	the	the	DET
cjal-9190	623	6	local	local	ADJ
cjal-9190	623	7	people	people	NOUN
cjal-9190	623	8	’s	’s	PART
cjal-9190	623	9	governments	government	NOUN
cjal-9190	623	10	perform	perform	VERB
cjal-9190	623	11	respectively	respectively	ADV
cjal-9190	623	12	the	the	DET
cjal-9190	623	13	investor	investor	NOUN
cjal-9190	623	14	’s	’s	PART
cjal-9190	623	15	functions	function	NOUN
cjal-9190	623	16	for	for	ADP
cjal-9190	623	17	state	state	NOUN
cjal-9190	623	18	-	-	PUNCT
cjal-9190	623	19	invested	invest	VERB
cjal-9190	623	20	enterprises	enterprise	NOUN
cjal-9190	623	21	and	and	CCONJ
cjal-9190	623	22	enjoy	enjoy	VERB
cjal-9190	623	23	the	the	DET
cjal-9190	623	24	investor	investor	NOUN
cjal-9190	623	25	’s	’s	PART
cjal-9190	623	26	rights	right	NOUN
cjal-9190	623	27	and	and	CCONJ
cjal-9190	623	28	interests	interest	NOUN
cjal-9190	623	29	on	on	ADP
cjal-9190	623	30	behalf	behalf	NOUN
cjal-9190	623	31	of	of	ADP
cjal-9190	623	32	the	the	DET
cjal-9190	623	33	state	state	NOUN
cjal-9190	623	34	.	.	PUNCT
cjal-9190	624	1	the	the	DET
cjal-9190	624	2	central	central	ADJ
cjal-9190	624	3	sasac	sasac	NOUN
cjal-9190	624	4	,	,	PUNCT
cjal-9190	624	5	local	local	ADJ
cjal-9190	624	6	sasac	sasac	NOUN
cjal-9190	624	7	or	or	CCONJ
cjal-9190	624	8	other	other	ADJ
cjal-9190	624	9	government	government	NOUN
cjal-9190	624	10	agencies	agency	NOUN
cjal-9190	624	11	can	can	AUX
cjal-9190	624	12	perform	perform	VERB
cjal-9190	624	13	the	the	DET
cjal-9190	624	14	investor	investor	NOUN
cjal-9190	624	15	’s	’s	PART
cjal-9190	624	16	functions	function	NOUN
cjal-9190	624	17	and	and	CCONJ
cjal-9190	624	18	enjoy	enjoy	VERB
cjal-9190	624	19	the	the	DET
cjal-9190	624	20	investor	investor	NOUN
cjal-9190	624	21	’s	’s	PART
cjal-9190	624	22	rights	right	NOUN
cjal-9190	624	23	and	and	CCONJ
cjal-9190	624	24	interests	interest	NOUN
cjal-9190	624	25	of	of	ADP
cjal-9190	624	26	the	the	DET
cjal-9190	624	27	state	state	NOUN
cjal-9190	624	28	on	on	ADP
cjal-9190	624	29	the	the	DET
cjal-9190	624	30	authorization	authorization	NOUN
cjal-9190	624	31	of	of	ADP
cjal-9190	624	32	the	the	DET
cjal-9190	624	33	state	state	NOUN
cjal-9190	624	34	council	council	PROPN
cjal-9190	624	35	and	and	CCONJ
cjal-9190	624	36	the	the	DET
cjal-9190	624	37	local	local	ADJ
cjal-9190	624	38	people	people	NOUN
cjal-9190	624	39	’s	’s	PART
cjal-9190	624	40	governments	government	NOUN
cjal-9190	624	41	.	.	PUNCT
cjal-9190	625	1	for	for	ADP
cjal-9190	625	2	example	example	NOUN
cjal-9190	625	3	,	,	PUNCT
cjal-9190	625	4	as	as	SCONJ
cjal-9190	625	5	depicted	depict	VERB
cjal-9190	625	6	in	in	ADP
cjal-9190	625	7	diagram	diagram	NOUN
cjal-9190	625	8	1	1	NUM
cjal-9190	625	9	below	below	ADV
cjal-9190	625	10	,	,	PUNCT
cjal-9190	625	11	the	the	DET
cjal-9190	625	12	state	state	NOUN
cjal-9190	625	13	council	council	PROPN
cjal-9190	625	14	directly	directly	ADV
cjal-9190	625	15	controls	control	VERB
cjal-9190	625	16	citic	citic	ADJ
cjal-9190	625	17	group	group	NOUN
cjal-9190	625	18	and	and	CCONJ
cjal-9190	625	19	china	china	PROPN
cjal-9190	625	20	everbright	everbright	PROPN
cjal-9190	625	21	group	group	PROPN
cjal-9190	625	22	;	;	PUNCT
cjal-9190	625	23	sasac	sasac	NOUN
cjal-9190	625	24	indirectly	indirectly	ADV
cjal-9190	625	25	controls	control	VERB
cjal-9190	625	26	zhonghai	zhonghai	PROPN
cjal-9190	625	27	trust	trust	PROPN
cjal-9190	625	28	co.	co.	PROPN
cjal-9190	625	29	,	,	PUNCT
cjal-9190	625	30	ltd	ltd	PROPN
cjal-9190	625	31	.	.	PROPN
cjal-9190	625	32	,	,	PUNCT
cjal-9190	625	33	china	china	PROPN
cjal-9190	625	34	huadian	huadian	PROPN
cjal-9190	625	35	finance	finance	PROPN
cjal-9190	625	36	co.	co.	PROPN
cjal-9190	625	37	,	,	PUNCT
cjal-9190	625	38	ltd	ltd	PROPN
cjal-9190	625	39	.	.	PROPN
cjal-9190	625	40	and	and	CCONJ
cjal-9190	625	41	china	china	PROPN
cjal-9190	625	42	state	state	PROPN
cjal-9190	625	43	shipbuilding	shipbuilding	PROPN
cjal-9190	625	44	finance	finance	PROPN
cjal-9190	625	45	co.	co.	PROPN
cjal-9190	625	46	,	,	PUNCT
cjal-9190	625	47	ltd	ltd	PROPN
cjal-9190	625	48	.	.	PROPN
cjal-9190	625	49	;	;	PUNCT
cjal-9190	625	50	additionally	additionally	ADV
cjal-9190	625	51	,	,	PUNCT
cjal-9190	625	52	the	the	DET
cjal-9190	625	53	state	state	NOUN
cjal-9190	625	54	council	council	PROPN
cjal-9190	625	55	indirectly	indirectly	ADV
cjal-9190	625	56	controls	control	VERB
cjal-9190	625	57	soiis	soiis	NOUN
cjal-9190	625	58	such	such	ADJ
cjal-9190	625	59	as	as	ADP
cjal-9190	625	60	guotai	guotai	PROPN
cjal-9190	625	61	fund	fund	PROPN
cjal-9190	625	62	management	management	PROPN
cjal-9190	625	63	co.	co.	PROPN
cjal-9190	625	64	,	,	PUNCT
cjal-9190	625	65	ltd	ltd	PROPN
cjal-9190	625	66	.	.	PROPN
cjal-9190	625	67	,	,	PUNCT
cjal-9190	625	68	boc	boc	VERB
cjal-9190	625	69	wealth	wealth	PROPN
cjal-9190	625	70	management	management	PROPN
cjal-9190	625	71	co.	co.	PROPN
cjal-9190	625	72	,	,	PUNCT
cjal-9190	625	73	ltd	ltd	PROPN
cjal-9190	625	74	.	.	PROPN
cjal-9190	625	75	and	and	CCONJ
cjal-9190	625	76	ccb	ccb	PROPN
cjal-9190	625	77	wealth	wealth	PROPN
cjal-9190	625	78	management	management	PROPN
cjal-9190	625	79	co.	co.	PROPN
cjal-9190	625	80	,	,	PUNCT
cjal-9190	625	81	ltd	ltd	PROPN
cjal-9190	625	82	.	.	PROPN
cjal-9190	625	83	through	through	ADP
cjal-9190	625	84	central	central	ADJ
cjal-9190	625	85	huijin	huijin	PROPN
cjal-9190	625	86	investment	investment	PROPN
cjal-9190	625	87	co.	co.	PROPN
cjal-9190	625	88	,	,	PUNCT
cjal-9190	625	89	ltd	ltd	PROPN
cjal-9190	625	90	.	.	PROPN
cjal-9190	625	91	,	,	PUNCT
cjal-9190	625	92	which	which	PRON
cjal-9190	625	93	is	be	AUX
cjal-9190	625	94	the	the	DET
cjal-9190	625	95	second	second	ADJ
cjal-9190	625	96	-	-	PUNCT
cjal-9190	625	97	tier	tier	NOUN
cjal-9190	625	98	subsidiary	subsidiary	NOUN
cjal-9190	625	99	of	of	ADP
cjal-9190	625	100	the	the	DET
cjal-9190	625	101	state	state	NOUN
cjal-9190	625	102	council	council	PROPN
cjal-9190	625	103	.	.	PUNCT
cjal-9190	626	1	163	163	NUM
cjal-9190	626	2	see	see	VERB
cjal-9190	626	3	guanyu	guanyu	PROPN
cjal-9190	626	4	wanshan	wanshan	PROPN
cjal-9190	626	5	guoyou	guoyou	PROPN
cjal-9190	626	6	jinrong	jinrong	PROPN
cjal-9190	626	7	ziben	ziben	PROPN
cjal-9190	626	8	guanli	guanli	PROPN
cjal-9190	626	9	de	de	PROPN
cjal-9190	626	10	zhidao	zhidao	PROPN
cjal-9190	626	11	yijian	yijian	PROPN
cjal-9190	626	12	(	(	PUNCT
cjal-9190	626	13	关于完	关于完	PROPN
cjal-9190	626	14	善国有金融资本管理的指导意见	善国有金融资本管理的指导意见	NOUN
cjal-9190	626	15	)	)	PUNCT
cjal-9190	627	1	[	[	X
cjal-9190	627	2	guiding	guide	VERB
cjal-9190	627	3	opinions	opinion	NOUN
cjal-9190	627	4	of	of	ADP
cjal-9190	627	5	the	the	DET
cjal-9190	627	6	cpc	cpc	PROPN
cjal-9190	627	7	central	central	PROPN
cjal-9190	627	8	committee	committee	PROPN
cjal-9190	627	9	and	and	CCONJ
cjal-9190	627	10	the	the	DET
cjal-9190	627	11	state	state	NOUN
cjal-9190	627	12	council	council	PROPN
cjal-9190	627	13	on	on	ADP
cjal-9190	627	14	improving	improve	VERB
cjal-9190	627	15	the	the	DET
cjal-9190	627	16	management	management	NOUN
cjal-9190	627	17	of	of	ADP
cjal-9190	627	18	state	state	NOUN
cjal-9190	627	19	financial	financial	ADJ
cjal-9190	627	20	capital	capital	NOUN
cjal-9190	627	21	]	]	PUNCT
cjal-9190	627	22	(	(	PUNCT
cjal-9190	627	23	promulgated	promulgate	VERB
cjal-9190	627	24	by	by	ADP
cjal-9190	627	25	the	the	DET
cjal-9190	627	26	state	state	PROPN
cjal-9190	627	27	council	council	PROPN
cjal-9190	627	28	,	,	PUNCT
cjal-9190	627	29	june	june	PROPN
cjal-9190	627	30	30	30	NUM
cjal-9190	627	31	,	,	PUNCT
cjal-9190	627	32	2018	2018	NUM
cjal-9190	627	33	,	,	PUNCT
cjal-9190	627	34	effective	effective	ADJ
cjal-9190	627	35	june	june	PROPN
cjal-9190	627	36	30	30	NUM
cjal-9190	627	37	,	,	PUNCT
cjal-9190	627	38	2018	2018	NUM
cjal-9190	627	39	)	)	PUNCT
cjal-9190	627	40	;	;	PUNCT
cjal-9190	627	41	guoyou	guoyou	PROPN
cjal-9190	627	42	jinrong	jinrong	PROPN
cjal-9190	627	43	ziben	ziben	PROPN
cjal-9190	627	44	chuzi	chuzi	PROPN
cjal-9190	627	45	ren	ren	PROPN
cjal-9190	627	46	zhize	zhize	NOUN
cjal-9190	627	47	zhan	zhan	PROPN
cjal-9190	627	48	hang	hang	PROPN
cjal-9190	627	49	guiding	guiding	NOUN
cjal-9190	627	50	(	(	PUNCT
cjal-9190	627	51	国有金融资本出资人	国有金融资本出资人	NOUN
cjal-9190	627	52	职责暂行规定	职责暂行规定	PROPN
cjal-9190	627	53	)	)	PUNCT
cjal-9190	628	1	[	[	X
cjal-9190	628	2	the	the	DET
cjal-9190	628	3	interim	interim	ADJ
cjal-9190	628	4	provisions	provision	NOUN
cjal-9190	628	5	on	on	ADP
cjal-9190	628	6	the	the	DET
cjal-9190	628	7	duties	duty	NOUN
cjal-9190	628	8	of	of	ADP
cjal-9190	628	9	state	state	NOUN
cjal-9190	628	10	-	-	PUNCT
cjal-9190	628	11	owned	own	VERB
cjal-9190	628	12	financial	financial	ADJ
cjal-9190	628	13	capital	capital	NOUN
cjal-9190	628	14	contributors	contributor	NOUN
cjal-9190	628	15	]	]	PUNCT
cjal-9190	628	16	(	(	PUNCT
cjal-9190	628	17	promulgated	promulgate	VERB
cjal-9190	628	18	by	by	ADP
cjal-9190	628	19	the	the	DET
cjal-9190	628	20	general	general	ADJ
cjal-9190	628	21	office	office	NOUN
cjal-9190	628	22	of	of	ADP
cjal-9190	628	23	the	the	DET
cjal-9190	628	24	state	state	PROPN
cjal-9190	628	25	council	council	PROPN
cjal-9190	628	26	,	,	PUNCT
cjal-9190	628	27	mar	mar	PROPN
cjal-9190	628	28	.	.	PROPN
cjal-9190	628	29	9	9	NUM
cjal-9190	628	30	,	,	PUNCT
cjal-9190	628	31	2020	2020	NUM
cjal-9190	628	32	,	,	PUNCT
cjal-9190	628	33	effective	effective	ADJ
cjal-9190	628	34	nov	nov	PROPN
cjal-9190	628	35	.	.	PROPN
cjal-9190	628	36	7	7	NUM
cjal-9190	628	37	,	,	PUNCT
cjal-9190	628	38	2019	2019	NUM
cjal-9190	628	39	)	)	PUNCT
cjal-9190	628	40	;	;	PUNCT
cjal-9190	628	41	guoyou	guoyou	PROPN
cjal-9190	628	42	jinrong	jinrong	PROPN
cjal-9190	628	43	ziben	ziben	PROPN
cjal-9190	628	44	guanli	guanli	PROPN
cjal-9190	628	45	tiaoli	tiaoli	PROPN
cjal-9190	628	46	zhengqiu	zhengqiu	PROPN
cjal-9190	628	47	yijian	yijian	PROPN
cjal-9190	628	48	gao	gao	PROPN
cjal-9190	628	49	(	(	PUNCT
cjal-9190	628	50	国有金融资本管理条例征求意见稿	国有金融资本管理条例征求意见稿	PROPN
cjal-9190	628	51	)	)	PUNCT
cjal-9190	628	52	[	[	X
cjal-9190	628	53	regulations	regulation	NOUN
cjal-9190	628	54	on	on	ADP
cjal-9190	628	55	the	the	DET
cjal-9190	628	56	management	management	NOUN
cjal-9190	628	57	of	of	ADP
cjal-9190	628	58	state	state	NOUN
cjal-9190	628	59	-	-	PUNCT
cjal-9190	628	60	owned	own	VERB
cjal-9190	628	61	financial	financial	ADJ
cjal-9190	628	62	capital	capital	NOUN
cjal-9190	628	63	(	(	PUNCT
cjal-9190	628	64	draft	draft	NOUN
cjal-9190	628	65	for	for	ADP
cjal-9190	628	66	comments	comment	NOUN
cjal-9190	628	67	)	)	PUNCT
cjal-9190	628	68	]	]	PUNCT
cjal-9190	628	69	,	,	PUNCT
cjal-9190	628	70	(	(	PUNCT
cjal-9190	628	71	promulgated	promulgate	VERB
cjal-9190	628	72	by	by	ADP
cjal-9190	628	73	mof	mof	X
cjal-9190	628	74	may	may	PROPN
cjal-9190	628	75	11	11	NUM
cjal-9190	628	76	,	,	PUNCT
cjal-9190	628	77	2020	2020	NUM
cjal-9190	628	78	,	,	PUNCT
cjal-9190	628	79	effective	effective	ADJ
cjal-9190	628	80	may	may	PROPN
cjal-9190	628	81	11	11	NUM
cjal-9190	628	82	,	,	PUNCT
cjal-9190	628	83	2020	2020	NUM
cjal-9190	628	84	)	)	PUNCT
cjal-9190	628	85	.	.	PUNCT
cjal-9190	629	1	164	164	NUM
cjal-9190	629	2	“	"	PUNCT
cjal-9190	629	3	senior	senior	ADJ
cjal-9190	629	4	managers	manager	NOUN
cjal-9190	629	5	”	"	PUNCT
cjal-9190	629	6	includes	include	VERB
cjal-9190	629	7	directors	director	NOUN
cjal-9190	629	8	and	and	CCONJ
cjal-9190	629	9	supervisors	supervisor	NOUN
cjal-9190	629	10	.	.	PUNCT
cjal-9190	630	1	165	165	NUM
cjal-9190	630	2	see	see	VERB
cjal-9190	630	3	gongsi	gongsi	PROPN
cjal-9190	630	4	fa	fa	PROPN
cjal-9190	630	5	(	(	PUNCT
cjal-9190	630	6	公司法	公司法	NOUN
cjal-9190	630	7	)	)	PUNCT
cjal-9190	630	8	[	[	X
cjal-9190	630	9	company	company	NOUN
cjal-9190	630	10	law	law	NOUN
cjal-9190	630	11	]	]	PUNCT
cjal-9190	630	12	(	(	PUNCT
cjal-9190	630	13	promulgated	promulgate	VERB
cjal-9190	630	14	by	by	ADP
cjal-9190	630	15	order	order	NOUN
cjal-9190	630	16	no	no	NOUN
cjal-9190	630	17	.	.	PROPN
cjal-9190	631	1	16	16	NUM
cjal-9190	631	2	of	of	ADP
cjal-9190	631	3	president	president	NOUN
cjal-9190	631	4	,	,	PUNCT
cjal-9190	631	5	adopted	adopt	VERB
cjal-9190	631	6	at	at	ADP
cjal-9190	631	7	the	the	DET
cjal-9190	631	8	sixth	sixth	ADJ
cjal-9190	631	9	session	session	NOUN
cjal-9190	631	10	of	of	ADP
cjal-9190	631	11	the	the	DET
cjal-9190	631	12	standing	standing	PROPN
cjal-9190	631	13	committee	committee	PROPN
cjal-9190	631	14	of	of	ADP
cjal-9190	631	15	the	the	DET
cjal-9190	631	16	13th	13th	ADJ
cjal-9190	631	17	national	national	PROPN
cjal-9190	631	18	people	people	NOUN
cjal-9190	631	19	’s	’s	PART
cjal-9190	631	20	congress	congress	PROPN
cjal-9190	631	21	on	on	ADP
cjal-9190	631	22	oct	oct	PROPN
cjal-9190	631	23	.	.	PROPN
cjal-9190	631	24	26	26	NUM
cjal-9190	631	25	,	,	PUNCT
cjal-9190	631	26	2018	2018	NUM
cjal-9190	631	27	)	)	PUNCT
cjal-9190	632	1	art.37	art.37	NOUN
cjal-9190	632	2	.	.	PROPN
cjal-9190	632	3	124	124	NUM
cjal-9190	632	4	institutional	institutional	ADJ
cjal-9190	632	5	investors	investor	NOUN
cjal-9190	632	6	in	in	ADP
cjal-9190	632	7	china	china	PROPN
cjal-9190	633	1	[	[	X
cjal-9190	633	2	vol	vol	NOUN
cjal-9190	633	3	.	.	PUNCT
cjal-9190	633	4	35	35	NUM
cjal-9190	633	5	:	:	SYM
cjal-9190	633	6	74	74	NUM
cjal-9190	633	7	liang	liang	PROPN
cjal-9190	633	8	hui	hui	PROPN
cjal-9190	633	9	)	)	PUNCT
cjal-9190	633	10	.	.	PUNCT
cjal-9190	634	1	specifically	specifically	ADV
cjal-9190	634	2	,	,	PUNCT
cjal-9190	634	3	banks	bank	NOUN
cjal-9190	634	4	,	,	PUNCT
cjal-9190	634	5	insurance	insurance	NOUN
cjal-9190	634	6	companies	company	NOUN
cjal-9190	634	7	and	and	CCONJ
cjal-9190	634	8	other	other	ADJ
cjal-9190	634	9	institutional	institutional	ADJ
cjal-9190	634	10	investors	investor	NOUN
cjal-9190	634	11	such	such	ADJ
cjal-9190	634	12	as	as	ADP
cjal-9190	634	13	financial	financial	ADJ
cjal-9190	634	14	asset	asset	NOUN
cjal-9190	634	15	management	management	NOUN
cjal-9190	634	16	companies	company	NOUN
cjal-9190	634	17	,	,	PUNCT
cjal-9190	634	18	trust	trust	NOUN
cjal-9190	634	19	companies	company	NOUN
cjal-9190	634	20	and	and	CCONJ
cjal-9190	634	21	financing	financing	NOUN
cjal-9190	634	22	companies	company	NOUN
cjal-9190	634	23	are	be	AUX
cjal-9190	634	24	subject	subject	ADJ
cjal-9190	634	25	to	to	ADP
cjal-9190	634	26	the	the	DET
cjal-9190	634	27	regulation	regulation	NOUN
cjal-9190	634	28	of	of	ADP
cjal-9190	634	29	cbirc	cbirc	NOUN
cjal-9190	634	30	;	;	PUNCT
cjal-9190	634	31	whereas	whereas	SCONJ
cjal-9190	634	32	securities	security	NOUN
cjal-9190	634	33	companies	company	NOUN
cjal-9190	634	34	and	and	CCONJ
cjal-9190	634	35	sif	sif	NOUN
cjal-9190	634	36	firms	firm	NOUN
cjal-9190	634	37	are	be	AUX
cjal-9190	634	38	regulated	regulate	VERB
cjal-9190	634	39	by	by	ADP
cjal-9190	634	40	csrc.166	csrc.166	NOUN
cjal-9190	634	41	in	in	ADP
cjal-9190	634	42	addition	addition	NOUN
cjal-9190	634	43	,	,	PUNCT
cjal-9190	634	44	according	accord	VERB
cjal-9190	634	45	to	to	ADP
cjal-9190	634	46	the	the	DET
cjal-9190	634	47	interim	interim	ADJ
cjal-9190	634	48	measures	measure	NOUN
cjal-9190	634	49	for	for	ADP
cjal-9190	634	50	the	the	DET
cjal-9190	634	51	supervision	supervision	NOUN
cjal-9190	634	52	and	and	CCONJ
cjal-9190	634	53	administration	administration	NOUN
cjal-9190	634	54	of	of	ADP
cjal-9190	634	55	financial	financial	ADJ
cjal-9190	634	56	holding	hold	VERB
cjal-9190	634	57	companies	company	NOUN
cjal-9190	634	58	,	,	PUNCT
cjal-9190	634	59	which	which	PRON
cjal-9190	634	60	was	be	AUX
cjal-9190	634	61	issued	issue	VERB
cjal-9190	634	62	recently	recently	ADV
cjal-9190	634	63	on	on	ADP
cjal-9190	634	64	september	september	PROPN
cjal-9190	634	65	11	11	NUM
cjal-9190	634	66	,	,	PUNCT
cjal-9190	634	67	2020	2020	NUM
cjal-9190	634	68	,	,	PUNCT
cjal-9190	634	69	the	the	DET
cjal-9190	634	70	financial	financial	ADJ
cjal-9190	634	71	holding	hold	VERB
cjal-9190	634	72	companies	company	NOUN
cjal-9190	634	73	are	be	AUX
cjal-9190	634	74	subject	subject	ADJ
cjal-9190	634	75	to	to	ADP
cjal-9190	634	76	the	the	DET
cjal-9190	634	77	regulation	regulation	NOUN
cjal-9190	634	78	of	of	ADP
cjal-9190	634	79	the	the	DET
cjal-9190	634	80	pboc.167	pboc.167	ADJ
cjal-9190	634	81	second	second	NOUN
cjal-9190	634	82	,	,	PUNCT
cjal-9190	634	83	for	for	ADP
cjal-9190	634	84	soiis	soiis	NOUN
cjal-9190	634	85	which	which	PRON
cjal-9190	634	86	are	be	AUX
cjal-9190	634	87	listed	list	VERB
cjal-9190	634	88	in	in	ADP
cjal-9190	634	89	the	the	DET
cjal-9190	634	90	directory	directory	NOUN
cjal-9190	634	91	of	of	ADP
cjal-9190	634	92	central	central	ADJ
cjal-9190	634	93	financial	financial	ADJ
cjal-9190	634	94	enterprises	enterprise	NOUN
cjal-9190	634	95	,	,	PUNCT
cjal-9190	634	96	the	the	DET
cjal-9190	634	97	ccp	ccp	PROPN
cjal-9190	634	98	is	be	AUX
cjal-9190	634	99	able	able	ADJ
cjal-9190	634	100	to	to	PART
cjal-9190	634	101	exercise	exercise	VERB
cjal-9190	634	102	its	its	PRON
cjal-9190	634	103	control	control	NOUN
cjal-9190	634	104	through	through	ADP
cjal-9190	634	105	the	the	DET
cjal-9190	634	106	appointment	appointment	NOUN
cjal-9190	634	107	of	of	ADP
cjal-9190	634	108	their	their	PRON
cjal-9190	634	109	first	first	ADJ
cjal-9190	634	110	in	in	ADP
cjal-9190	634	111	command.168	command.168	NOUN
cjal-9190	634	112	according	accord	VERB
cjal-9190	634	113	to	to	ADP
cjal-9190	634	114	the	the	DET
cjal-9190	634	115	interim	interim	ADJ
cjal-9190	634	116	regulations	regulation	NOUN
cjal-9190	634	117	on	on	ADP
cjal-9190	634	118	the	the	DET
cjal-9190	634	119	management	management	NOUN
cjal-9190	634	120	of	of	ADP
cjal-9190	634	121	the	the	DET
cjal-9190	634	122	leading	lead	VERB
cjal-9190	634	123	personnel	personnel	NOUN
cjal-9190	634	124	of	of	ADP
cjal-9190	634	125	central	central	ADJ
cjal-9190	634	126	financial	financial	ADJ
cjal-9190	634	127	enterprises	enterprise	NOUN
cjal-9190	634	128	,	,	PUNCT
cjal-9190	634	129	which	which	PRON
cjal-9190	634	130	was	be	AUX
cjal-9190	634	131	issued	issue	VERB
cjal-9190	634	132	by	by	ADP
cjal-9190	634	133	the	the	DET
cjal-9190	634	134	general	general	ADJ
cjal-9190	634	135	office	office	NOUN
cjal-9190	634	136	of	of	ADP
cjal-9190	634	137	the	the	DET
cjal-9190	634	138	ccp	ccp	PROPN
cjal-9190	634	139	in	in	ADP
cjal-9190	634	140	2011	2011	NUM
cjal-9190	634	141	,	,	PUNCT
cjal-9190	634	142	the	the	DET
cjal-9190	634	143	appointment	appointment	NOUN
cjal-9190	634	144	of	of	ADP
cjal-9190	634	145	the	the	DET
cjal-9190	634	146	senior	senior	ADJ
cjal-9190	634	147	managers	manager	NOUN
cjal-9190	634	148	of	of	ADP
cjal-9190	634	149	central	central	ADJ
cjal-9190	634	150	financial	financial	ADJ
cjal-9190	634	151	enterprises	enterprise	NOUN
cjal-9190	634	152	shall	shall	AUX
cjal-9190	634	153	be	be	AUX
cjal-9190	634	154	administered	administer	VERB
cjal-9190	634	155	by	by	ADP
cjal-9190	634	156	the	the	DET
cjal-9190	634	157	ccp	ccp	PROPN
cjal-9190	634	158	(	(	PUNCT
cjal-9190	634	159	which	which	PRON
cjal-9190	634	160	relies	rely	VERB
cjal-9190	634	161	on	on	ADP
cjal-9190	634	162	the	the	DET
cjal-9190	634	163	principle	principle	NOUN
cjal-9190	634	164	referred	refer	VERB
cjal-9190	634	165	to	to	ADP
cjal-9190	634	166	in	in	ADP
cjal-9190	634	167	chinese	chinese	PROPN
cjal-9190	634	168	as	as	ADP
cjal-9190	634	169	“	"	PUNCT
cjal-9190	634	170	dang	dang	PROPN
cjal-9190	634	171	guan	guan	PROPN
cjal-9190	634	172	gan	gan	PROPN
cjal-9190	634	173	bu	bu	ADP
cjal-9190	634	174	”	"	PUNCT
cjal-9190	634	175	(	(	PUNCT
cjal-9190	634	176	which	which	PRON
cjal-9190	634	177	in	in	ADP
cjal-9190	634	178	english	english	PROPN
cjal-9190	634	179	can	can	AUX
cjal-9190	634	180	roughly	roughly	ADV
cjal-9190	634	181	be	be	AUX
cjal-9190	634	182	translated	translate	VERB
cjal-9190	634	183	as	as	ADP
cjal-9190	634	184	“	"	PUNCT
cjal-9190	634	185	the	the	DET
cjal-9190	634	186	party	party	NOUN
cjal-9190	634	187	administers	administer	VERB
cjal-9190	634	188	the	the	DET
cjal-9190	634	189	management	management	NOUN
cjal-9190	634	190	of	of	ADP
cjal-9190	634	191	cadres”).169	cadres”).169	PUNCT
cjal-9190	634	192	in	in	ADP
cjal-9190	634	193	addition	addition	NOUN
cjal-9190	634	194	,	,	PUNCT
cjal-9190	634	195	for	for	SCONJ
cjal-9190	634	196	the	the	DET
cjal-9190	634	197	senior	senior	ADJ
cjal-9190	634	198	managers	manager	NOUN
cjal-9190	634	199	in	in	ADP
cjal-9190	634	200	166	166	NUM
cjal-9190	634	201	see	see	VERB
cjal-9190	634	202	baoxian	baoxian	PROPN
cjal-9190	634	203	gongsi	gongsi	ADJ
cjal-9190	634	204	guanli	guanli	PROPN
cjal-9190	634	205	guiding	guiding	NOUN
cjal-9190	634	206	(	(	PUNCT
cjal-9190	634	207	保险公司管理规定	保险公司管理规定	PROPN
cjal-9190	634	208	)	)	PUNCT
cjal-9190	634	209	,	,	PUNCT
cjal-9190	635	1	[	[	X
cjal-9190	635	2	provisions	provision	NOUN
cjal-9190	635	3	on	on	ADP
cjal-9190	635	4	the	the	DET
cjal-9190	635	5	administration	administration	NOUN
cjal-9190	635	6	of	of	ADP
cjal-9190	635	7	insurance	insurance	NOUN
cjal-9190	635	8	companies	company	NOUN
cjal-9190	635	9	]	]	PUNCT
cjal-9190	635	10	(	(	PUNCT
cjal-9190	635	11	promulgated	promulgate	VERB
cjal-9190	635	12	by	by	ADP
cjal-9190	635	13	circ	circ	PROPN
cjal-9190	635	14	sep	sep	PROPN
cjal-9190	635	15	.	.	PROPN
cjal-9190	635	16	9	9	NUM
cjal-9190	635	17	,	,	PUNCT
cjal-9190	635	18	2009	2009	NUM
cjal-9190	635	19	,	,	PUNCT
cjal-9190	635	20	adopted	adopt	VERB
cjal-9190	635	21	oct	oct	PROPN
cjal-9190	635	22	.	.	PROPN
cjal-9190	635	23	19	19	NUM
cjal-9190	635	24	,	,	PUNCT
cjal-9190	635	25	2015	2015	NUM
cjal-9190	635	26	)	)	PUNCT
cjal-9190	635	27	;	;	PUNCT
cjal-9190	635	28	yinhang	yinhang	PRON
cjal-9190	635	29	ye	ye	PROPN
cjal-9190	635	30	jiandu	jiandu	NOUN
cjal-9190	635	31	guanli	guanli	PROPN
cjal-9190	635	32	fa	fa	PROPN
cjal-9190	635	33	(	(	PUNCT
cjal-9190	635	34	银行业监督管理法	银行业监督管理法	PROPN
cjal-9190	635	35	)	)	PUNCT
cjal-9190	636	1	[	[	X
cjal-9190	636	2	banking	banking	NOUN
cjal-9190	636	3	supervision	supervision	NOUN
cjal-9190	636	4	law	law	NOUN
cjal-9190	636	5	]	]	PUNCT
cjal-9190	636	6	(	(	PUNCT
cjal-9190	636	7	promulgated	promulgate	VERB
cjal-9190	636	8	by	by	ADP
cjal-9190	636	9	the	the	DET
cjal-9190	636	10	standing	standing	NOUN
cjal-9190	636	11	comm	comm	NOUN
cjal-9190	636	12	.	.	PUNCT
cjal-9190	637	1	nat’l	nat’l	PROPN
cjal-9190	637	2	people	people	NOUN
cjal-9190	637	3	’s	’s	PART
cjal-9190	637	4	cong	cong	PROPN
cjal-9190	637	5	.	.	PUNCT
cjal-9190	638	1	,	,	PUNCT
cjal-9190	638	2	dec	dec	PROPN
cjal-9190	638	3	.	.	PROPN
cjal-9190	638	4	27	27	NUM
cjal-9190	638	5	,	,	PUNCT
cjal-9190	638	6	2003,adopted	2003,adopte	VERB
cjal-9190	638	7	at	at	ADP
cjal-9190	638	8	the	the	DET
cjal-9190	638	9	24th	24th	ADJ
cjal-9190	638	10	meeting	meeting	NOUN
cjal-9190	638	11	of	of	ADP
cjal-9190	638	12	the	the	DET
cjal-9190	638	13	standing	standing	NOUN
cjal-9190	638	14	comm	comm	NOUN
cjal-9190	638	15	.	.	PUNCT
cjal-9190	639	1	nat’l	nat’l	PROPN
cjal-9190	639	2	people	people	NOUN
cjal-9190	639	3	’s	’s	PART
cjal-9190	639	4	cong	cong	PROPN
cjal-9190	639	5	.	.	PUNCT
cjal-9190	640	1	oct	oct	PROPN
cjal-9190	640	2	.	.	PROPN
cjal-9190	640	3	31	31	NUM
cjal-9190	640	4	,	,	PUNCT
cjal-9190	640	5	2006	2006	NUM
cjal-9190	640	6	)	)	PUNCT
cjal-9190	640	7	;	;	PUNCT
cjal-9190	640	8	di	di	X
cjal-9190	640	9	shisan	shisan	PROPN
cjal-9190	640	10	jie	jie	PROPN
cjal-9190	640	11	quanguo	quanguo	PROPN
cjal-9190	640	12	renmin	renmin	PROPN
cjal-9190	640	13	daibiao	daibiao	PROPN
cjal-9190	640	14	dahui	dahui	PROPN
cjal-9190	640	15	di	di	PROPN
cjal-9190	640	16	yi	yi	PROPN
cjal-9190	640	17	ci	ci	PROPN
cjal-9190	640	18	huiyi	huiyi	PROPN
cjal-9190	640	19	guanyu	guanyu	PROPN
cjal-9190	640	20	guownyuan	guownyuan	PROPN
cjal-9190	640	21	jigou	jigou	PROPN
cjal-9190	640	22	gaige	gaige	PROPN
cjal-9190	640	23	fangan	fangan	PROPN
cjal-9190	640	24	de	de	X
cjal-9190	640	25	jueding	juede	VERB
cjal-9190	640	26	(	(	PUNCT
cjal-9190	640	27	第十三届全国人民	第十三届全国人民	PROPN
cjal-9190	640	28	代表大会第一次会议关于国务院机构改革方案的决定	代表大会第一次会议关于国务院机构改革方案的决定	NOUN
cjal-9190	640	29	)	)	PUNCT
cjal-9190	641	1	[	[	X
cjal-9190	641	2	decision	decision	NOUN
cjal-9190	641	3	of	of	ADP
cjal-9190	641	4	the	the	DET
cjal-9190	641	5	first	first	ADJ
cjal-9190	641	6	session	session	NOUN
cjal-9190	641	7	of	of	ADP
cjal-9190	641	8	the	the	DET
cjal-9190	641	9	thirteenth	thirteenth	ADJ
cjal-9190	641	10	national	national	PROPN
cjal-9190	641	11	people	people	NOUN
cjal-9190	641	12	's	's	PART
cjal-9190	641	13	congress	congress	PROPN
cjal-9190	641	14	on	on	ADP
cjal-9190	641	15	the	the	DET
cjal-9190	641	16	state	state	PROPN
cjal-9190	641	17	council	council	PROPN
cjal-9190	641	18	institutional	institutional	ADJ
cjal-9190	641	19	reform	reform	NOUN
cjal-9190	641	20	proposal	proposal	NOUN
cjal-9190	641	21	]	]	PUNCT
cjal-9190	641	22	(	(	PUNCT
cjal-9190	641	23	adopted	adopt	VERB
cjal-9190	641	24	at	at	ADP
cjal-9190	641	25	the	the	DET
cjal-9190	641	26	first	first	ADJ
cjal-9190	641	27	session	session	NOUN
cjal-9190	641	28	of	of	ADP
cjal-9190	641	29	the	the	DET
cjal-9190	641	30	thirteenth	thirteenth	ADJ
cjal-9190	641	31	national	national	PROPN
cjal-9190	641	32	people	people	NOUN
cjal-9190	641	33	's	's	PART
cjal-9190	641	34	congress	congress	PROPN
cjal-9190	641	35	on	on	ADP
cjal-9190	641	36	mar	mar	PROPN
cjal-9190	641	37	.	.	PROPN
cjal-9190	641	38	17	17	NUM
cjal-9190	641	39	,	,	PUNCT
cjal-9190	641	40	2018	2018	NUM
cjal-9190	641	41	)	)	PUNCT
cjal-9190	641	42	;	;	PUNCT
cjal-9190	641	43	zhengquan	zhengquan	PROPN
cjal-9190	641	44	gongsi	gongsi	PROPN
cjal-9190	641	45	jiandu	jiandu	PROPN
cjal-9190	641	46	guanli	guanli	NOUN
cjal-9190	641	47	tiaoli(证券公司监督管理条例)[regulations	tiaoli(证券公司监督管理条例)[regulation	NOUN
cjal-9190	641	48	on	on	ADP
cjal-9190	641	49	the	the	DET
cjal-9190	641	50	supervision	supervision	NOUN
cjal-9190	641	51	and	and	CCONJ
cjal-9190	641	52	administration	administration	NOUN
cjal-9190	641	53	of	of	ADP
cjal-9190	641	54	securities	security	NOUN
cjal-9190	641	55	companies	company	NOUN
cjal-9190	641	56	]	]	PUNCT
cjal-9190	641	57	(	(	PUNCT
cjal-9190	641	58	promulgated	promulgate	VERB
cjal-9190	641	59	by	by	ADP
cjal-9190	641	60	the	the	DET
cjal-9190	641	61	state	state	PROPN
cjal-9190	641	62	council	council	PROPN
cjal-9190	641	63	april	april	PROPN
cjal-9190	641	64	23	23	NUM
cjal-9190	641	65	,	,	PUNCT
cjal-9190	641	66	2008	2008	NUM
cjal-9190	641	67	,	,	PUNCT
cjal-9190	641	68	adopted	adopt	VERB
cjal-9190	641	69	july	july	PROPN
cjal-9190	641	70	29	29	NUM
cjal-9190	641	71	,	,	PUNCT
cjal-9190	641	72	2014	2014	NUM
cjal-9190	641	73	)	)	PUNCT
cjal-9190	641	74	;	;	PUNCT
cjal-9190	641	75	zhengquan	zhengquan	PROPN
cjal-9190	641	76	touzi	touzi	PROPN
cjal-9190	641	77	jijin	jijin	PROPN
cjal-9190	641	78	guanli	guanli	PROPN
cjal-9190	641	79	gongsi	gongsi	PROPN
cjal-9190	641	80	guanli	guanli	PROPN
cjal-9190	641	81	banfa	banfa	NOUN
cjal-9190	641	82	(	(	PUNCT
cjal-9190	641	83	证券投资基金	证券投资基金	NOUN
cjal-9190	641	84	管理公司管理办法	管理公司管理办法	ADJ
cjal-9190	641	85	)	)	PUNCT
cjal-9190	642	1	[	[	X
cjal-9190	642	2	the	the	DET
cjal-9190	642	3	measures	measure	NOUN
cjal-9190	642	4	for	for	ADP
cjal-9190	642	5	the	the	DET
cjal-9190	642	6	administration	administration	NOUN
cjal-9190	642	7	of	of	ADP
cjal-9190	642	8	securities	securities	PROPN
cjal-9190	642	9	investment	investment	NOUN
cjal-9190	642	10	fund	fund	NOUN
cjal-9190	642	11	management	management	NOUN
cjal-9190	642	12	companies	company	NOUN
cjal-9190	642	13	]	]	PUNCT
cjal-9190	642	14	(	(	PUNCT
cjal-9190	642	15	promulgated	promulgate	VERB
cjal-9190	642	16	by	by	ADP
cjal-9190	642	17	csrc	csrc	PROPN
cjal-9190	642	18	nov	nov	PROPN
cjal-9190	642	19	.	.	PROPN
cjal-9190	642	20	1	1	NUM
cjal-9190	642	21	,	,	PUNCT
cjal-9190	642	22	2012	2012	NUM
cjal-9190	642	23	,	,	PUNCT
cjal-9190	642	24	effective	effective	ADJ
cjal-9190	642	25	nov	nov	PROPN
cjal-9190	642	26	.	.	PROPN
cjal-9190	642	27	1	1	NUM
cjal-9190	642	28	,	,	PUNCT
cjal-9190	642	29	2012	2012	NUM
cjal-9190	642	30	)	)	PUNCT
cjal-9190	642	31	.	.	PUNCT
cjal-9190	643	1	167	167	NUM
cjal-9190	643	2	‘	'	PUNCT
cjal-9190	643	3	financial	financial	ADJ
cjal-9190	643	4	holding	hold	VERB
cjal-9190	643	5	company	company	NOUN
cjal-9190	643	6	’	'	PUNCT
cjal-9190	643	7	refers	refer	VERB
cjal-9190	643	8	to	to	ADP
cjal-9190	643	9	limited	limit	VERB
cjal-9190	643	10	liability	liability	NOUN
cjal-9190	643	11	companies	company	NOUN
cjal-9190	643	12	or	or	CCONJ
cjal-9190	643	13	companies	company	NOUN
cjal-9190	643	14	limited	limit	VERB
cjal-9190	643	15	by	by	ADP
cjal-9190	643	16	shares	share	NOUN
cjal-9190	643	17	that	that	PRON
cjal-9190	643	18	are	be	AUX
cjal-9190	643	19	formed	form	VERB
cjal-9190	643	20	according	accord	VERB
cjal-9190	643	21	to	to	ADP
cjal-9190	643	22	the	the	DET
cjal-9190	643	23	law	law	NOUN
cjal-9190	643	24	,	,	PUNCT
cjal-9190	643	25	that	that	PRON
cjal-9190	643	26	control	control	VERB
cjal-9190	643	27	two	two	NUM
cjal-9190	643	28	or	or	CCONJ
cjal-9190	643	29	more	more	ADV
cjal-9190	643	30	different	different	ADJ
cjal-9190	643	31	types	type	NOUN
cjal-9190	643	32	of	of	ADP
cjal-9190	643	33	financial	financial	ADJ
cjal-9190	643	34	institutions	institution	NOUN
cjal-9190	643	35	,	,	PUNCT
cjal-9190	643	36	and	and	CCONJ
cjal-9190	643	37	that	that	SCONJ
cjal-9190	643	38	only	only	ADV
cjal-9190	643	39	conduct	conduct	VERB
cjal-9190	643	40	equity	equity	NOUN
cjal-9190	643	41	investment	investment	NOUN
cjal-9190	643	42	management	management	NOUN
cjal-9190	643	43	and	and	CCONJ
cjal-9190	643	44	do	do	AUX
cjal-9190	643	45	not	not	PART
cjal-9190	643	46	directly	directly	ADV
cjal-9190	643	47	carry	carry	VERB
cjal-9190	643	48	out	out	ADP
cjal-9190	643	49	commercial	commercial	ADJ
cjal-9190	643	50	business	business	NOUN
cjal-9190	643	51	activities	activity	NOUN
cjal-9190	643	52	.	.	PUNCT
cjal-9190	644	1	168	168	NUM
cjal-9190	644	2	see	see	VERB
cjal-9190	644	3	,	,	PUNCT
cjal-9190	644	4	zhongyang	zhongyang	PROPN
cjal-9190	644	5	jinrong	jinrong	PROPN
cjal-9190	645	1	qiye	qiye	PROPN
cjal-9190	645	2	minglu	minglu	PROPN
cjal-9190	645	3	(	(	PUNCT
cjal-9190	645	4	中央金融企业名录	中央金融企业名录	NOUN
cjal-9190	645	5	)	)	PUNCT
cjal-9190	646	1	[	[	X
cjal-9190	646	2	directory	directory	NOUN
cjal-9190	646	3	of	of	ADP
cjal-9190	646	4	central	central	ADJ
cjal-9190	646	5	financial	financial	ADJ
cjal-9190	646	6	enterprises	enterprise	NOUN
cjal-9190	646	7	]	]	PUNCT
cjal-9190	646	8	(	(	PUNCT
cjal-9190	646	9	promulgated	promulgate	VERB
cjal-9190	646	10	by	by	ADP
cjal-9190	646	11	finance	finance	NOUN
cjal-9190	646	12	department	department	PROPN
cjal-9190	646	13	of	of	ADP
cjal-9190	646	14	mof	mof	PROPN
cjal-9190	646	15	,	,	PUNCT
cjal-9190	646	16	feb	feb	PROPN
cjal-9190	646	17	.	.	PROPN
cjal-9190	646	18	20	20	NUM
cjal-9190	646	19	,	,	PUNCT
cjal-9190	646	20	2021	2021	NUM
cjal-9190	646	21	,	,	PUNCT
cjal-9190	646	22	feb	feb	PROPN
cjal-9190	646	23	.	.	PROPN
cjal-9190	646	24	20	20	NUM
cjal-9190	646	25	,	,	PUNCT
cjal-9190	646	26	2021	2021	NUM
cjal-9190	646	27	)	)	PUNCT
cjal-9190	646	28	http://bgt.mof.gov.cn/zhuantilanmu/rdwyh/czyw/202102/t20210219_3658752.htm	http://bgt.mof.gov.cn/zhuantilanmu/rdwyh/czyw/202102/t20210219_3658752.htm	PROPN
cjal-9190	646	29	169	169	NUM
cjal-9190	646	30	see	see	VERB
cjal-9190	646	31	zhongguan	zhongguan	PROPN
cjal-9190	646	32	jinrong	jinrong	PROPN
cjal-9190	646	33	qiye	qiye	PROPN
cjal-9190	646	34	lingdao	lingdao	PROPN
cjal-9190	646	35	renyuan	renyuan	PROPN
cjal-9190	646	36	guanli	guanli	PROPN
cjal-9190	646	37	zanxing	zanxing	PROPN
cjal-9190	646	38	guiding	guide	VERB
cjal-9190	646	39	(	(	PUNCT
cjal-9190	646	40	中管金	中管金	PROPN
cjal-9190	646	41	融企业领导人员管理暂行规定	融企业领导人员管理暂行规定	PROPN
cjal-9190	646	42	)	)	PUNCT
cjal-9190	647	1	[	[	X
cjal-9190	647	2	interim	interim	ADJ
cjal-9190	647	3	regulations	regulation	NOUN
cjal-9190	647	4	on	on	ADP
cjal-9190	647	5	the	the	DET
cjal-9190	647	6	management	management	NOUN
cjal-9190	647	7	of	of	ADP
cjal-9190	647	8	leading	lead	VERB
cjal-9190	647	9	personnel	personnel	NOUN
cjal-9190	647	10	of	of	ADP
cjal-9190	647	11	central	central	ADJ
cjal-9190	647	12	financial	financial	ADJ
cjal-9190	647	13	enterprises	enterprise	NOUN
cjal-9190	647	14	]	]	PUNCT
cjal-9190	647	15	(	(	PUNCT
cjal-9190	647	16	promulgated	promulgate	VERB
cjal-9190	647	17	by	by	ADP
cjal-9190	647	18	the	the	DET
cjal-9190	647	19	general	general	ADJ
cjal-9190	647	20	2022	2022	NUM
cjal-9190	647	21	]	]	PUNCT
cjal-9190	647	22	columbia	columbia	PROPN
cjal-9190	647	23	journal	journal	PROPN
cjal-9190	647	24	of	of	ADP
cjal-9190	647	25	asian	asian	ADJ
cjal-9190	647	26	law	law	NOUN
cjal-9190	647	27	125	125	NUM
cjal-9190	647	28	soiis	soiis	NOUN
cjal-9190	647	29	who	who	PRON
cjal-9190	647	30	are	be	AUX
cjal-9190	647	31	government	government	NOUN
cjal-9190	647	32	officials	official	NOUN
cjal-9190	647	33	and	and	CCONJ
cjal-9190	647	34	who	who	PRON
cjal-9190	647	35	are	be	AUX
cjal-9190	647	36	ccp	ccp	PROPN
cjal-9190	647	37	members	member	NOUN
cjal-9190	647	38	,	,	PUNCT
cjal-9190	647	39	they	they	PRON
cjal-9190	647	40	are	be	AUX
cjal-9190	647	41	bound	bind	VERB
cjal-9190	647	42	by	by	ADP
cjal-9190	647	43	the	the	DET
cjal-9190	647	44	law	law	NOUN
cjal-9190	647	45	of	of	ADP
cjal-9190	647	46	the	the	DET
cjal-9190	647	47	people	people	NOUN
cjal-9190	647	48	’s	’s	PART
cjal-9190	647	49	republic	republic	NOUN
cjal-9190	647	50	of	of	ADP
cjal-9190	647	51	china	china	PROPN
cjal-9190	647	52	on	on	ADP
cjal-9190	647	53	administrative	administrative	ADJ
cjal-9190	647	54	discipline	discipline	NOUN
cjal-9190	647	55	for	for	ADP
cjal-9190	647	56	public	public	ADJ
cjal-9190	647	57	officials	official	NOUN
cjal-9190	647	58	and	and	CCONJ
cjal-9190	647	59	related	relate	VERB
cjal-9190	647	60	ccp	ccp	PROPN
cjal-9190	647	61	regulations	regulation	NOUN
cjal-9190	647	62	.	.	PUNCT
cjal-9190	648	1	170	170	NUM
cjal-9190	648	2	these	these	DET
cjal-9190	648	3	mechanisms	mechanism	NOUN
cjal-9190	648	4	ensure	ensure	VERB
cjal-9190	648	5	that	that	SCONJ
cjal-9190	648	6	the	the	DET
cjal-9190	648	7	ccp	ccp	PROPN
cjal-9190	648	8	maintains	maintain	VERB
cjal-9190	648	9	control	control	NOUN
cjal-9190	648	10	over	over	ADP
cjal-9190	648	11	the	the	DET
cjal-9190	648	12	governance	governance	NOUN
cjal-9190	648	13	of	of	ADP
cjal-9190	648	14	soiis	soiis	NOUN
cjal-9190	648	15	and	and	CCONJ
cjal-9190	648	16	illustrates	illustrate	VERB
cjal-9190	648	17	how	how	SCONJ
cjal-9190	648	18	the	the	DET
cjal-9190	648	19	ccp	ccp	PROPN
cjal-9190	648	20	can	can	AUX
cjal-9190	648	21	effectively	effectively	ADV
cjal-9190	648	22	exact	exact	VERB
cjal-9190	648	23	its	its	PRON
cjal-9190	648	24	control	control	NOUN
cjal-9190	648	25	over	over	ADP
cjal-9190	648	26	soiis	soiis	NOUN
cjal-9190	648	27	for	for	ADP
cjal-9190	648	28	the	the	DET
cjal-9190	648	29	purpose	purpose	NOUN
cjal-9190	648	30	of	of	ADP
cjal-9190	648	31	policy	policy	NOUN
cjal-9190	648	32	channeling	channeling	NOUN
cjal-9190	648	33	.	.	PUNCT
cjal-9190	649	1	it	it	PRON
cjal-9190	649	2	is	be	AUX
cjal-9190	649	3	noteworthy	noteworthy	ADJ
cjal-9190	649	4	that	that	SCONJ
cjal-9190	649	5	although	although	SCONJ
cjal-9190	649	6	all	all	DET
cjal-9190	649	7	the	the	DET
cjal-9190	649	8	members	member	NOUN
cjal-9190	649	9	of	of	ADP
cjal-9190	649	10	the	the	DET
cjal-9190	649	11	national	national	ADJ
cjal-9190	649	12	team	team	NOUN
cjal-9190	649	13	are	be	AUX
cjal-9190	649	14	state	state	NOUN
cjal-9190	649	15	-	-	PUNCT
cjal-9190	649	16	controlled	control	VERB
cjal-9190	649	17	institutional	institutional	ADJ
cjal-9190	649	18	investors	investor	NOUN
cjal-9190	649	19	,	,	PUNCT
cjal-9190	649	20	there	there	PRON
cjal-9190	649	21	are	be	VERB
cjal-9190	649	22	many	many	ADJ
cjal-9190	649	23	soiis	soiis	NOUN
cjal-9190	649	24	in	in	ADP
cjal-9190	649	25	this	this	DET
cjal-9190	649	26	category	category	NOUN
cjal-9190	649	27	that	that	PRON
cjal-9190	649	28	are	be	AUX
cjal-9190	649	29	not	not	PART
cjal-9190	649	30	part	part	NOUN
cjal-9190	649	31	of	of	ADP
cjal-9190	649	32	the	the	DET
cjal-9190	649	33	national	national	ADJ
cjal-9190	649	34	team.171	team.171	INTJ
cjal-9190	649	35	this	this	PRON
cjal-9190	649	36	makes	make	VERB
cjal-9190	649	37	sense	sense	NOUN
cjal-9190	649	38	as	as	SCONJ
cjal-9190	649	39	the	the	DET
cjal-9190	649	40	national	national	ADJ
cjal-9190	649	41	team	team	NOUN
cjal-9190	649	42	merely	merely	ADV
cjal-9190	649	43	refers	refer	VERB
cjal-9190	649	44	to	to	ADP
cjal-9190	649	45	the	the	DET
cjal-9190	649	46	soiis	soiis	NOUN
cjal-9190	649	47	that	that	PRON
cjal-9190	649	48	were	be	AUX
cjal-9190	649	49	tapped	tap	VERB
cjal-9190	649	50	to	to	PART
cjal-9190	649	51	stabilize	stabilize	VERB
cjal-9190	649	52	the	the	DET
cjal-9190	649	53	markets	market	NOUN
cjal-9190	649	54	in	in	ADP
cjal-9190	649	55	2015	2015	NUM
cjal-9190	649	56	and	and	CCONJ
cjal-9190	649	57	is	be	AUX
cjal-9190	649	58	a	a	DET
cjal-9190	649	59	loose	loose	ADJ
cjal-9190	649	60	category	category	NOUN
cjal-9190	649	61	that	that	PRON
cjal-9190	649	62	appears	appear	VERB
cjal-9190	649	63	to	to	PART
cjal-9190	649	64	evolve	evolve	VERB
cjal-9190	649	65	based	base	VERB
cjal-9190	649	66	on	on	ADP
cjal-9190	649	67	market	market	NOUN
cjal-9190	649	68	circumstances.172	circumstances.172	NOUN
cjal-9190	649	69	in	in	ADP
cjal-9190	649	70	this	this	DET
cjal-9190	649	71	sense	sense	NOUN
cjal-9190	649	72	,	,	PUNCT
cjal-9190	649	73	the	the	DET
cjal-9190	649	74	national	national	ADJ
cjal-9190	649	75	team	team	NOUN
cjal-9190	649	76	is	be	AUX
cjal-9190	649	77	an	an	DET
cjal-9190	649	78	illustration	illustration	NOUN
cjal-9190	649	79	of	of	ADP
cjal-9190	649	80	how	how	SCONJ
cjal-9190	649	81	the	the	DET
cjal-9190	649	82	ccp	ccp	PROPN
cjal-9190	649	83	can	can	AUX
cjal-9190	649	84	quickly	quickly	ADV
cjal-9190	649	85	and	and	CCONJ
cjal-9190	649	86	effectively	effectively	ADV
cjal-9190	649	87	utilize	utilize	VERB
cjal-9190	649	88	soiis	soiis	NOUN
cjal-9190	649	89	for	for	ADP
cjal-9190	649	90	policy	policy	NOUN
cjal-9190	649	91	channeling	channeling	NOUN
cjal-9190	649	92	and	and	CCONJ
cjal-9190	649	93	is	be	AUX
cjal-9190	649	94	not	not	PART
cjal-9190	649	95	a	a	DET
cjal-9190	649	96	fixed	fix	VERB
cjal-9190	649	97	category	category	NOUN
cjal-9190	649	98	of	of	ADP
cjal-9190	649	99	institutional	institutional	ADJ
cjal-9190	649	100	investors	investor	NOUN
cjal-9190	649	101	unto	unto	ADP
cjal-9190	649	102	itself	itself	PRON
cjal-9190	649	103	.	.	PUNCT
cjal-9190	650	1	the	the	DET
cjal-9190	650	2	second	second	ADJ
cjal-9190	650	3	category	category	NOUN
cjal-9190	650	4	is	be	AUX
cjal-9190	650	5	state	state	NOUN
cjal-9190	650	6	-	-	PUNCT
cjal-9190	650	7	influenced	influence	VERB
cjal-9190	650	8	institutional	institutional	ADJ
cjal-9190	650	9	investors	investor	NOUN
cjal-9190	650	10	,	,	PUNCT
cjal-9190	650	11	which	which	PRON
cjal-9190	650	12	includes	include	VERB
cjal-9190	650	13	domestic	domestic	ADJ
cjal-9190	650	14	poiis	poiis	NOUN
cjal-9190	650	15	in	in	ADP
cjal-9190	650	16	china	china	PROPN
cjal-9190	650	17	.	.	PUNCT
cjal-9190	651	1	as	as	SCONJ
cjal-9190	651	2	all	all	DET
cjal-9190	651	3	state	state	NOUN
cjal-9190	651	4	-	-	PUNCT
cjal-9190	651	5	influenced	influence	VERB
cjal-9190	651	6	institutional	institutional	ADJ
cjal-9190	651	7	investors	investor	NOUN
cjal-9190	651	8	are	be	AUX
cjal-9190	651	9	privately	privately	ADV
cjal-9190	651	10	owned	own	VERB
cjal-9190	651	11	,	,	PUNCT
cjal-9190	651	12	unlike	unlike	ADP
cjal-9190	651	13	in	in	ADP
cjal-9190	651	14	state	state	NOUN
cjal-9190	651	15	-	-	PUNCT
cjal-9190	651	16	controlled	control	VERB
cjal-9190	651	17	institutional	institutional	ADJ
cjal-9190	651	18	investors	investor	NOUN
cjal-9190	651	19	,	,	PUNCT
cjal-9190	651	20	the	the	DET
cjal-9190	651	21	ccp	ccp	PROPN
cjal-9190	651	22	does	do	AUX
cjal-9190	651	23	not	not	PART
cjal-9190	651	24	have	have	VERB
cjal-9190	651	25	the	the	DET
cjal-9190	651	26	ability	ability	NOUN
cjal-9190	651	27	to	to	PART
cjal-9190	651	28	directly	directly	ADV
cjal-9190	651	29	control	control	VERB
cjal-9190	651	30	poiis	poiis	ADJ
cjal-9190	651	31	through	through	ADP
cjal-9190	651	32	the	the	DET
cjal-9190	651	33	exercise	exercise	NOUN
cjal-9190	651	34	of	of	ADP
cjal-9190	651	35	its	its	PRON
cjal-9190	651	36	shareholders	shareholder	NOUN
cjal-9190	651	37	’	'	PUNCT
cjal-9190	651	38	rights	right	NOUN
cjal-9190	651	39	and	and	CCONJ
cjal-9190	651	40	,	,	PUNCT
cjal-9190	651	41	in	in	ADP
cjal-9190	651	42	office	office	NOUN
cjal-9190	651	43	of	of	ADP
cjal-9190	651	44	the	the	DET
cjal-9190	651	45	chinese	chinese	ADJ
cjal-9190	651	46	communist	communist	PROPN
cjal-9190	651	47	party	party	PROPN
cjal-9190	651	48	,	,	PUNCT
cjal-9190	651	49	nov	nov	PROPN
cjal-9190	651	50	.	.	PROPN
cjal-9190	651	51	16	16	NUM
cjal-9190	651	52	,	,	PUNCT
cjal-9190	651	53	2011	2011	NUM
cjal-9190	651	54	,	,	PUNCT
cjal-9190	651	55	article	article	NOUN
cjal-9190	651	56	3	3	NUM
cjal-9190	651	57	,	,	PUNCT
cjal-9190	651	58	available	available	ADJ
cjal-9190	651	59	at	at	ADP
cjal-9190	651	60	https://jjjcz.mee.gov.cn/djfg/dnfgzd/gfxwj/201810/t20181015_693971.html	https://jjjcz.mee.gov.cn/djfg/dnfgzd/gfxwj/201810/t20181015_693971.html	NOUN
cjal-9190	651	61	:	:	PUNCT
cjal-9190	651	62	the	the	DET
cjal-9190	651	63	management	management	NOUN
cjal-9190	651	64	of	of	ADP
cjal-9190	651	65	the	the	DET
cjal-9190	651	66	leading	lead	VERB
cjal-9190	651	67	personnel	personnel	NOUN
cjal-9190	651	68	of	of	ADP
cjal-9190	651	69	financial	financial	ADJ
cjal-9190	651	70	enterprises	enterprise	NOUN
cjal-9190	651	71	shall	shall	AUX
cjal-9190	651	72	adhere	adhere	VERB
cjal-9190	651	73	to	to	ADP
cjal-9190	651	74	the	the	DET
cjal-9190	651	75	principle	principle	NOUN
cjal-9190	651	76	of	of	ADP
cjal-9190	651	77	the	the	DET
cjal-9190	651	78	party	party	NOUN
cjal-9190	651	79	administers	administer	VERB
cjal-9190	651	80	the	the	DET
cjal-9190	651	81	management	management	NOUN
cjal-9190	651	82	of	of	ADP
cjal-9190	651	83	cadres	cadre	NOUN
cjal-9190	651	84	;	;	PUNCT
cjal-9190	651	85	adhere	adhere	VERB
cjal-9190	651	86	to	to	ADP
cjal-9190	651	87	the	the	DET
cjal-9190	651	88	criteria	criterion	NOUN
cjal-9190	651	89	of	of	ADP
cjal-9190	651	90	both	both	DET
cjal-9190	651	91	virtue	virtue	NOUN
cjal-9190	651	92	and	and	CCONJ
cjal-9190	651	93	talent	talent	NOUN
cjal-9190	651	94	and	and	CCONJ
cjal-9190	651	95	with	with	ADP
cjal-9190	651	96	virtue	virtue	NOUN
cjal-9190	651	97	as	as	ADP
cjal-9190	651	98	the	the	DET
cjal-9190	651	99	first	first	ADJ
cjal-9190	651	100	priority	priority	NOUN
cjal-9190	651	101	;	;	PUNCT
cjal-9190	651	102	adhere	adhere	VERB
cjal-9190	651	103	to	to	ADP
cjal-9190	651	104	democracy	democracy	NOUN
cjal-9190	651	105	,	,	PUNCT
cjal-9190	651	106	openness	openness	NOUN
cjal-9190	651	107	,	,	PUNCT
cjal-9190	651	108	competition	competition	NOUN
cjal-9190	651	109	and	and	CCONJ
cjal-9190	651	110	meritocracy	meritocracy	NOUN
cjal-9190	651	111	;	;	PUNCT
cjal-9190	651	112	adhere	adhere	VERB
cjal-9190	651	113	to	to	ADP
cjal-9190	651	114	the	the	DET
cjal-9190	651	115	unity	unity	NOUN
cjal-9190	651	116	of	of	ADP
cjal-9190	651	117	rights	right	NOUN
cjal-9190	651	118	and	and	CCONJ
cjal-9190	651	119	responsibilities	responsibility	NOUN
cjal-9190	651	120	,	,	PUNCT
cjal-9190	651	121	incentives	incentive	NOUN
cjal-9190	651	122	and	and	CCONJ
cjal-9190	651	123	constraints	constraint	NOUN
cjal-9190	651	124	;	;	PUNCT
cjal-9190	651	125	adhere	adhere	VERB
cjal-9190	651	126	to	to	ADP
cjal-9190	651	127	the	the	DET
cjal-9190	651	128	combination	combination	NOUN
cjal-9190	651	129	of	of	ADP
cjal-9190	651	130	the	the	DET
cjal-9190	651	131	acceptance	acceptance	NOUN
cjal-9190	651	132	of	of	ADP
cjal-9190	651	133	investors	investor	NOUN
cjal-9190	651	134	,	,	PUNCT
cjal-9190	651	135	the	the	DET
cjal-9190	651	136	market	market	NOUN
cjal-9190	651	137	and	and	CCONJ
cjal-9190	651	138	employees	employee	NOUN
cjal-9190	651	139	;	;	PUNCT
cjal-9190	651	140	adhere	adhere	VERB
cjal-9190	651	141	to	to	ADP
cjal-9190	651	142	the	the	DET
cjal-9190	651	143	law	law	NOUN
cjal-9190	651	144	and	and	CCONJ
cjal-9190	651	145	procedural	procedural	ADJ
cjal-9190	651	146	compliance	compliance	NOUN
cjal-9190	651	147	.	.	PUNCT
cjal-9190	652	1	170	170	NUM
cjal-9190	652	2	cheng	cheng	PROPN
cjal-9190	652	3	,	,	PUNCT
cjal-9190	652	4	supra	supra	PROPN
cjal-9190	652	5	note	note	PROPN
cjal-9190	652	6	157	157	NUM
cjal-9190	652	7	,	,	PUNCT
cjal-9190	652	8	at	at	ADP
cjal-9190	652	9	25	25	NUM
cjal-9190	652	10	.	.	PUNCT
cjal-9190	653	1	it	it	PRON
cjal-9190	653	2	must	must	AUX
cjal-9190	653	3	be	be	AUX
cjal-9190	653	4	noted	note	VERB
cjal-9190	653	5	that	that	SCONJ
cjal-9190	653	6	strictly	strictly	ADV
cjal-9190	653	7	speaking	speak	VERB
cjal-9190	653	8	,	,	PUNCT
cjal-9190	653	9	senior	senior	ADJ
cjal-9190	653	10	managers	manager	NOUN
cjal-9190	653	11	of	of	ADP
cjal-9190	653	12	soiis	soiis	NOUN
cjal-9190	653	13	do	do	AUX
cjal-9190	653	14	not	not	PART
cjal-9190	653	15	have	have	VERB
cjal-9190	653	16	formal	formal	ADJ
cjal-9190	653	17	administrative	administrative	ADJ
cjal-9190	653	18	levels	level	NOUN
cjal-9190	653	19	or	or	CCONJ
cjal-9190	653	20	ranks	rank	NOUN
cjal-9190	653	21	.	.	PUNCT
cjal-9190	654	1	see	see	VERB
cjal-9190	654	2	zhonggong	zhonggong	PROPN
cjal-9190	654	3	zhongyang	zhongyang	PROPN
cjal-9190	654	4	guanyu	guanyu	PROPN
cjal-9190	654	5	guoyou	guoyou	PROPN
cjal-9190	654	6	qiye	qiye	PROPN
cjal-9190	654	7	gaige	gaige	PROPN
cjal-9190	655	1	he	he	PRON
cjal-9190	655	2	fazhan	fazhan	VERB
cjal-9190	655	3	ruogan	ruogan	VERB
cjal-9190	655	4	zhongda	zhongda	PROPN
cjal-9190	655	5	wenti	wenti	X
cjal-9190	655	6	de	de	X
cjal-9190	655	7	jueding	juede	VERB
cjal-9190	655	8	(	(	PUNCT
cjal-9190	655	9	中共中央关于国有企业改革和发展若干重大问题的决定	中共中央关于国有企业改革和发展若干重大问题的决定	PROPN
cjal-9190	655	10	)	)	PUNCT
cjal-9190	656	1	[	[	X
cjal-9190	656	2	decision	decision	NOUN
cjal-9190	656	3	on	on	ADP
cjal-9190	656	4	several	several	ADJ
cjal-9190	656	5	major	major	ADJ
cjal-9190	656	6	issues	issue	NOUN
cjal-9190	656	7	concerning	concern	VERB
cjal-9190	656	8	the	the	DET
cjal-9190	656	9	reform	reform	NOUN
cjal-9190	656	10	and	and	CCONJ
cjal-9190	656	11	development	development	NOUN
cjal-9190	656	12	of	of	ADP
cjal-9190	656	13	state	state	NOUN
cjal-9190	656	14	-	-	PUNCT
cjal-9190	656	15	owned	own	VERB
cjal-9190	656	16	enterprises	enterprise	NOUN
cjal-9190	656	17	]	]	PUNCT
cjal-9190	656	18	(	(	PUNCT
cjal-9190	656	19	promulgated	promulgate	VERB
cjal-9190	656	20	by	by	ADP
cjal-9190	656	21	the	the	DET
cjal-9190	656	22	general	general	ADJ
cjal-9190	656	23	office	office	NOUN
cjal-9190	656	24	of	of	ADP
cjal-9190	656	25	the	the	DET
cjal-9190	656	26	chinese	chinese	ADJ
cjal-9190	656	27	communist	communist	PROPN
cjal-9190	656	28	party	party	PROPN
cjal-9190	656	29	,	,	PUNCT
cjal-9190	656	30	sept	sept	PROPN
cjal-9190	656	31	.	.	PROPN
cjal-9190	656	32	22	22	NUM
cjal-9190	656	33	,	,	PUNCT
cjal-9190	656	34	1999	1999	NUM
cjal-9190	656	35	,	,	PUNCT
cjal-9190	656	36	effective	effective	ADJ
cjal-9190	656	37	september	september	PROPN
cjal-9190	656	38	22	22	NUM
cjal-9190	656	39	,	,	PUNCT
cjal-9190	656	40	1999	1999	NUM
cjal-9190	656	41	)	)	PUNCT
cjal-9190	656	42	.	.	PUNCT
cjal-9190	657	1	however	however	ADV
cjal-9190	657	2	,	,	PUNCT
cjal-9190	657	3	as	as	SCONJ
cjal-9190	657	4	many	many	ADJ
cjal-9190	657	5	of	of	ADP
cjal-9190	657	6	those	those	PRON
cjal-9190	657	7	“	"	PUNCT
cjal-9190	657	8	first	first	ADV
cjal-9190	657	9	in	in	ADP
cjal-9190	657	10	command	command	NOUN
cjal-9190	657	11	”	"	PUNCT
cjal-9190	657	12	are	be	AUX
cjal-9190	657	13	appointed	appoint	VERB
cjal-9190	657	14	and	and	CCONJ
cjal-9190	657	15	removed	remove	VERB
cjal-9190	657	16	by	by	ADP
cjal-9190	657	17	the	the	DET
cjal-9190	657	18	organization	organization	NOUN
cjal-9190	657	19	department	department	PROPN
cjal-9190	657	20	of	of	ADP
cjal-9190	657	21	the	the	DET
cjal-9190	657	22	ccp	ccp	PROPN
cjal-9190	657	23	,	,	PUNCT
cjal-9190	657	24	they	they	PRON
cjal-9190	657	25	have	have	VERB
cjal-9190	657	26	an	an	DET
cjal-9190	657	27	administrative	administrative	ADJ
cjal-9190	657	28	level	level	NOUN
cjal-9190	657	29	or	or	CCONJ
cjal-9190	657	30	rank	rank	NOUN
cjal-9190	657	31	.	.	PUNCT
cjal-9190	658	1	it	it	PRON
cjal-9190	658	2	must	must	AUX
cjal-9190	658	3	be	be	AUX
cjal-9190	658	4	noted	note	VERB
cjal-9190	658	5	that	that	SCONJ
cjal-9190	658	6	not	not	PART
cjal-9190	658	7	all	all	DET
cjal-9190	658	8	senior	senior	ADJ
cjal-9190	658	9	managers	manager	NOUN
cjal-9190	658	10	of	of	ADP
cjal-9190	658	11	soiis	soiis	NOUN
cjal-9190	658	12	are	be	AUX
cjal-9190	658	13	government	government	NOUN
cjal-9190	658	14	officials	official	NOUN
cjal-9190	658	15	and	and	CCONJ
cjal-9190	658	16	,	,	PUNCT
cjal-9190	658	17	therefore	therefore	ADV
cjal-9190	658	18	,	,	PUNCT
cjal-9190	658	19	not	not	PART
cjal-9190	658	20	all	all	PRON
cjal-9190	658	21	of	of	ADP
cjal-9190	658	22	them	they	PRON
cjal-9190	658	23	have	have	VERB
cjal-9190	658	24	to	to	PART
cjal-9190	658	25	follow	follow	VERB
cjal-9190	658	26	the	the	DET
cjal-9190	658	27	zhonghua	zhonghua	PROPN
cjal-9190	658	28	renmin	renmin	PROPN
cjal-9190	658	29	gongheguo	gongheguo	PROPN
cjal-9190	658	30	gongzhi	gongzhi	PROPN
cjal-9190	658	31	renyuan	renyuan	PROPN
cjal-9190	658	32	zhengwu	zhengwu	PROPN
cjal-9190	658	33	chufen	chufen	PROPN
cjal-9190	659	1	fa	fa	PROPN
cjal-9190	660	1	(	(	PUNCT
cjal-9190	660	2	中华人民共和国公职人员政务处分法	中华人民共和国公职人员政务处分法	PROPN
cjal-9190	660	3	)	)	PUNCT
cjal-9190	661	1	[	[	X
cjal-9190	661	2	law	law	NOUN
cjal-9190	661	3	of	of	ADP
cjal-9190	661	4	the	the	DET
cjal-9190	661	5	people	people	NOUN
cjal-9190	661	6	’s	’s	PART
cjal-9190	661	7	republic	republic	NOUN
cjal-9190	661	8	of	of	ADP
cjal-9190	661	9	china	china	PROPN
cjal-9190	661	10	on	on	ADP
cjal-9190	661	11	administrative	administrative	ADJ
cjal-9190	661	12	discipline	discipline	NOUN
cjal-9190	661	13	for	for	ADP
cjal-9190	661	14	public	public	ADJ
cjal-9190	661	15	officials	official	NOUN
cjal-9190	661	16	]	]	PUNCT
cjal-9190	661	17	(	(	PUNCT
cjal-9190	661	18	promulgated	promulgate	VERB
cjal-9190	661	19	by	by	ADP
cjal-9190	661	20	the	the	DET
cjal-9190	661	21	standing	standing	PROPN
cjal-9190	661	22	committee	committee	PROPN
cjal-9190	661	23	of	of	ADP
cjal-9190	661	24	the	the	DET
cjal-9190	661	25	national	national	PROPN
cjal-9190	661	26	people	people	PROPN
cjal-9190	661	27	’s	’s	PART
cjal-9190	661	28	congress	congress	PROPN
cjal-9190	661	29	on	on	ADP
cjal-9190	661	30	june	june	PROPN
cjal-9190	661	31	20	20	NUM
cjal-9190	661	32	,	,	PUNCT
cjal-9190	661	33	2020	2020	NUM
cjal-9190	661	34	)	)	PUNCT
cjal-9190	661	35	.	.	PUNCT
cjal-9190	662	1	only	only	ADV
cjal-9190	662	2	those	those	PRON
cjal-9190	662	3	who	who	PRON
cjal-9190	662	4	were	be	AUX
cjal-9190	662	5	government	government	NOUN
cjal-9190	662	6	officials	official	NOUN
cjal-9190	662	7	before	before	SCONJ
cjal-9190	662	8	they	they	PRON
cjal-9190	662	9	joined	join	VERB
cjal-9190	662	10	soiis	soiis	NOUN
cjal-9190	662	11	will	will	AUX
cjal-9190	662	12	be	be	AUX
cjal-9190	662	13	subjected	subject	VERB
cjal-9190	662	14	to	to	ADP
cjal-9190	662	15	this	this	DET
cjal-9190	662	16	law	law	NOUN
cjal-9190	662	17	.	.	PUNCT
cjal-9190	663	1	171	171	NUM
cjal-9190	663	2	ying	ying	PROPN
cjal-9190	663	3	,	,	PUNCT
cjal-9190	663	4	supra	supra	PROPN
cjal-9190	663	5	note	note	PROPN
cjal-9190	663	6	153	153	NUM
cjal-9190	663	7	;	;	PUNCT
cjal-9190	663	8	see	see	VERB
cjal-9190	663	9	diagram	diagram	NOUN
cjal-9190	663	10	1	1	NUM
cjal-9190	663	11	below	below	ADV
cjal-9190	663	12	.	.	PUNCT
cjal-9190	664	1	172	172	NUM
cjal-9190	664	2	ying	ying	PROPN
cjal-9190	664	3	,	,	PUNCT
cjal-9190	664	4	supra	supra	PROPN
cjal-9190	664	5	note153	note153	PROPN
cjal-9190	664	6	;	;	PUNCT
cjal-9190	664	7	cheng	cheng	PROPN
cjal-9190	664	8	,	,	PUNCT
cjal-9190	664	9	supra	supra	PROPN
cjal-9190	664	10	note	note	PROPN
cjal-9190	664	11	153	153	NUM
cjal-9190	664	12	;	;	PUNCT
cjal-9190	664	13	yang	yang	PROPN
cjal-9190	664	14	,	,	PUNCT
cjal-9190	664	15	supra	supra	PROPN
cjal-9190	664	16	note	note	PROPN
cjal-9190	665	1	156	156	NUM
cjal-9190	665	2	.	.	PUNCT
cjal-9190	666	1	126	126	NUM
cjal-9190	666	2	institutional	institutional	ADJ
cjal-9190	666	3	investors	investor	NOUN
cjal-9190	666	4	in	in	ADP
cjal-9190	666	5	china	china	PROPN
cjal-9190	666	6	[	[	X
cjal-9190	666	7	vol	vol	NOUN
cjal-9190	666	8	.	.	PUNCT
cjal-9190	666	9	35	35	NUM
cjal-9190	666	10	:	:	SYM
cjal-9190	666	11	74	74	NUM
cjal-9190	666	12	turn	turn	NOUN
cjal-9190	666	13	,	,	PUNCT
cjal-9190	666	14	by	by	ADP
cjal-9190	666	15	directly	directly	ADV
cjal-9190	666	16	appointing	appoint	VERB
cjal-9190	666	17	senior	senior	ADJ
cjal-9190	666	18	managers	manager	NOUN
cjal-9190	666	19	of	of	ADP
cjal-9190	666	20	soiis	soiis	NOUN
cjal-9190	666	21	.	.	PUNCT
cjal-9190	667	1	also	also	ADV
cjal-9190	667	2	,	,	PUNCT
cjal-9190	667	3	the	the	DET
cjal-9190	667	4	senior	senior	ADJ
cjal-9190	667	5	managers	manager	NOUN
cjal-9190	667	6	of	of	ADP
cjal-9190	667	7	poiis	poiis	NOUN
cjal-9190	667	8	are	be	AUX
cjal-9190	667	9	generally	generally	ADV
cjal-9190	667	10	recruited	recruit	VERB
cjal-9190	667	11	from	from	ADP
cjal-9190	667	12	the	the	DET
cjal-9190	667	13	private	private	ADJ
cjal-9190	667	14	sector	sector	NOUN
cjal-9190	667	15	and	and	CCONJ
cjal-9190	667	16	receive	receive	VERB
cjal-9190	667	17	market	market	NOUN
cjal-9190	667	18	-	-	PUNCT
cjal-9190	667	19	based	base	VERB
cjal-9190	667	20	salaries	salary	NOUN
cjal-9190	667	21	,	,	PUNCT
cjal-9190	667	22	unlike	unlike	ADP
cjal-9190	667	23	the	the	DET
cjal-9190	667	24	public	public	ADJ
cjal-9190	667	25	regulated	regulate	VERB
cjal-9190	667	26	salaries	salary	NOUN
cjal-9190	667	27	of	of	ADP
cjal-9190	667	28	the	the	DET
cjal-9190	667	29	government	government	NOUN
cjal-9190	667	30	officials	official	NOUN
cjal-9190	667	31	who	who	PRON
cjal-9190	667	32	compose	compose	VERB
cjal-9190	667	33	most	most	ADJ
cjal-9190	667	34	of	of	ADP
cjal-9190	667	35	the	the	DET
cjal-9190	667	36	first	first	ADJ
cjal-9190	667	37	in	in	ADP
cjal-9190	667	38	command	command	NOUN
cjal-9190	667	39	in	in	ADP
cjal-9190	667	40	soiis.173	soiis.173	PROPN
cjal-9190	667	41	however	however	ADV
cjal-9190	667	42	,	,	PUNCT
cjal-9190	667	43	despite	despite	SCONJ
cjal-9190	667	44	the	the	DET
cjal-9190	667	45	apparent	apparent	ADJ
cjal-9190	667	46	free	free	ADJ
cjal-9190	667	47	-	-	PUNCT
cjal-9190	667	48	market	market	NOUN
cjal-9190	667	49	appearance	appearance	NOUN
cjal-9190	667	50	of	of	ADP
cjal-9190	667	51	poiis	poiis	NOUN
cjal-9190	667	52	,	,	PUNCT
cjal-9190	667	53	they	they	PRON
cjal-9190	667	54	are	be	AUX
cjal-9190	667	55	categorized	categorize	VERB
cjal-9190	667	56	as	as	ADP
cjal-9190	667	57	state	state	NOUN
cjal-9190	667	58	-	-	PUNCT
cjal-9190	667	59	influenced	influence	VERB
cjal-9190	667	60	institutional	institutional	ADJ
cjal-9190	667	61	investors	investor	NOUN
cjal-9190	667	62	because	because	SCONJ
cjal-9190	667	63	of	of	ADP
cjal-9190	667	64	the	the	DET
cjal-9190	667	65	formal	formal	ADJ
cjal-9190	667	66	and	and	CCONJ
cjal-9190	667	67	informal	informal	ADJ
cjal-9190	667	68	mechanisms	mechanism	NOUN
cjal-9190	667	69	that	that	PRON
cjal-9190	667	70	the	the	DET
cjal-9190	667	71	ccp	ccp	PROPN
cjal-9190	667	72	may	may	AUX
cjal-9190	667	73	use	use	VERB
cjal-9190	667	74	to	to	PART
cjal-9190	667	75	influence	influence	VERB
cjal-9190	667	76	poiis	poii	VERB
cjal-9190	667	77	to	to	PART
cjal-9190	667	78	engage	engage	VERB
cjal-9190	667	79	in	in	ADP
cjal-9190	667	80	policy	policy	NOUN
cjal-9190	667	81	channeling	channeling	NOUN
cjal-9190	667	82	.	.	PUNCT
cjal-9190	668	1	in	in	ADP
cjal-9190	668	2	terms	term	NOUN
cjal-9190	668	3	of	of	ADP
cjal-9190	668	4	formal	formal	ADJ
cjal-9190	668	5	power	power	NOUN
cjal-9190	668	6	,	,	PUNCT
cjal-9190	668	7	although	although	SCONJ
cjal-9190	668	8	the	the	DET
cjal-9190	668	9	senior	senior	ADJ
cjal-9190	668	10	managers	manager	NOUN
cjal-9190	668	11	in	in	ADP
cjal-9190	668	12	poiis	poiis	NOUN
cjal-9190	668	13	are	be	AUX
cjal-9190	668	14	not	not	PART
cjal-9190	668	15	directly	directly	ADV
cjal-9190	668	16	appointed	appoint	VERB
cjal-9190	668	17	by	by	ADP
cjal-9190	668	18	the	the	DET
cjal-9190	668	19	ccp	ccp	PROPN
cjal-9190	668	20	,	,	PUNCT
cjal-9190	668	21	they	they	PRON
cjal-9190	668	22	are	be	AUX
cjal-9190	668	23	required	require	VERB
cjal-9190	668	24	to	to	PART
cjal-9190	668	25	be	be	AUX
cjal-9190	668	26	approved	approve	VERB
cjal-9190	668	27	by	by	ADP
cjal-9190	668	28	relevant	relevant	ADJ
cjal-9190	668	29	regulatory	regulatory	ADJ
cjal-9190	668	30	government	government	NOUN
cjal-9190	668	31	agencies	agency	NOUN
cjal-9190	668	32	(	(	PUNCT
cjal-9190	668	33	i.e.	i.e.	X
cjal-9190	668	34	,	,	PUNCT
cjal-9190	668	35	pboc	pboc	NOUN
cjal-9190	668	36	,	,	PUNCT
cjal-9190	668	37	cbirc	cbirc	NOUN
cjal-9190	668	38	or	or	CCONJ
cjal-9190	668	39	csrc	csrc	NOUN
cjal-9190	668	40	)	)	PUNCT
cjal-9190	668	41	before	before	ADP
cjal-9190	668	42	their	their	PRON
cjal-9190	668	43	appointment	appointment	NOUN
cjal-9190	668	44	.	.	PUNCT
cjal-9190	669	1	as	as	SCONJ
cjal-9190	669	2	mentioned	mention	VERB
cjal-9190	669	3	above	above	ADV
cjal-9190	669	4	,	,	PUNCT
cjal-9190	669	5	domestic	domestic	ADJ
cjal-9190	669	6	institutional	institutional	ADJ
cjal-9190	669	7	investors	investor	NOUN
cjal-9190	669	8	are	be	AUX
cjal-9190	669	9	regulated	regulate	VERB
cjal-9190	669	10	by	by	ADP
cjal-9190	669	11	pboc	pboc	NOUN
cjal-9190	669	12	,	,	PUNCT
cjal-9190	669	13	cbirc	cbirc	NOUN
cjal-9190	669	14	or	or	CCONJ
cjal-9190	669	15	csrc	csrc	NOUN
cjal-9190	669	16	depending	depend	VERB
cjal-9190	669	17	on	on	ADP
cjal-9190	669	18	the	the	DET
cjal-9190	669	19	financial	financial	ADJ
cjal-9190	669	20	industry	industry	NOUN
cjal-9190	669	21	that	that	SCONJ
cjal-9190	669	22	they	they	PRON
cjal-9190	669	23	are	be	AUX
cjal-9190	669	24	a	a	DET
cjal-9190	669	25	part	part	NOUN
cjal-9190	669	26	of	of	ADP
cjal-9190	669	27	.	.	PUNCT
cjal-9190	670	1	historically	historically	ADV
cjal-9190	670	2	,	,	PUNCT
cjal-9190	670	3	part	part	NOUN
cjal-9190	670	4	of	of	ADP
cjal-9190	670	5	the	the	DET
cjal-9190	670	6	regulatory	regulatory	ADJ
cjal-9190	670	7	power	power	NOUN
cjal-9190	670	8	of	of	ADP
cjal-9190	670	9	these	these	DET
cjal-9190	670	10	three	three	NUM
cjal-9190	670	11	government	government	NOUN
cjal-9190	670	12	agencies	agency	NOUN
cjal-9190	670	13	is	be	AUX
cjal-9190	670	14	derived	derive	VERB
cjal-9190	670	15	through	through	ADP
cjal-9190	670	16	their	their	PRON
cjal-9190	670	17	power	power	NOUN
cjal-9190	670	18	to	to	PART
cjal-9190	670	19	approve	approve	VERB
cjal-9190	670	20	the	the	DET
cjal-9190	670	21	appointment	appointment	NOUN
cjal-9190	670	22	of	of	ADP
cjal-9190	670	23	senior	senior	ADJ
cjal-9190	670	24	managers	manager	NOUN
cjal-9190	670	25	of	of	ADP
cjal-9190	670	26	poiis.174	poiis.174	ADV
cjal-9190	670	27	taking	take	VERB
cjal-9190	670	28	sif	sif	ADJ
cjal-9190	670	29	firms	firm	NOUN
cjal-9190	670	30	as	as	ADP
cjal-9190	670	31	an	an	DET
cjal-9190	670	32	example	example	NOUN
cjal-9190	670	33	,	,	PUNCT
cjal-9190	670	34	normally	normally	ADV
cjal-9190	670	35	,	,	PUNCT
cjal-9190	670	36	every	every	DET
cjal-9190	670	37	sif	sif	NOUN
cjal-9190	670	38	has	have	VERB
cjal-9190	670	39	an	an	DET
cjal-9190	670	40	investment	investment	NOUN
cjal-9190	670	41	decision	decision	NOUN
cjal-9190	670	42	committee	committee	NOUN
cjal-9190	670	43	(	(	PUNCT
cjal-9190	670	44	idc	idc	PROPN
cjal-9190	670	45	)	)	PUNCT
cjal-9190	670	46	which	which	PRON
cjal-9190	670	47	is	be	AUX
cjal-9190	670	48	responsible	responsible	ADJ
cjal-9190	670	49	for	for	ADP
cjal-9190	670	50	173	173	NUM
cjal-9190	670	51	cheng	cheng	PROPN
cjal-9190	670	52	,	,	PUNCT
cjal-9190	670	53	supra	supra	PROPN
cjal-9190	670	54	note	note	PROPN
cjal-9190	670	55	157	157	NUM
cjal-9190	670	56	,	,	PUNCT
cjal-9190	670	57	at	at	ADP
cjal-9190	670	58	22	22	NUM
cjal-9190	670	59	.	.	PUNCT
cjal-9190	671	1	telephone	telephone	NOUN
cjal-9190	671	2	interview	interview	NOUN
cjal-9190	671	3	with	with	ADP
cjal-9190	671	4	legal	legal	ADJ
cjal-9190	671	5	counsel	counsel	NOUN
cjal-9190	671	6	,	,	PUNCT
cjal-9190	671	7	ms	ms	PROPN
cjal-9190	671	8	.	.	PROPN
cjal-9190	671	9	c	c	PROPN
cjal-9190	671	10	,	,	PUNCT
cjal-9190	671	11	dbs	dbs	PROPN
cjal-9190	671	12	(	(	PUNCT
cjal-9190	671	13	securities	security	NOUN
cjal-9190	671	14	)	)	PUNCT
cjal-9190	671	15	(	(	PUNCT
cjal-9190	671	16	mar	mar	PROPN
cjal-9190	671	17	.	.	PROPN
cjal-9190	671	18	30	30	NUM
cjal-9190	671	19	,	,	PUNCT
cjal-9190	671	20	2021	2021	NUM
cjal-9190	671	21	)	)	PUNCT
cjal-9190	671	22	(	(	PUNCT
cjal-9190	671	23	on	on	ADP
cjal-9190	671	24	file	file	NOUN
cjal-9190	671	25	with	with	ADP
cjal-9190	671	26	author	author	NOUN
cjal-9190	671	27	)	)	PUNCT
cjal-9190	671	28	.	.	PUNCT
cjal-9190	672	1	174	174	NUM
cjal-9190	672	2	see	see	VERB
cjal-9190	672	3	yinhangye	yinhangye	PROPN
cjal-9190	672	4	jinrong	jinrong	PROPN
cjal-9190	672	5	jigou	jigou	PROPN
cjal-9190	672	6	dongshi	dongshi	VERB
cjal-9190	672	7	(	(	PUNCT
cjal-9190	672	8	lishi	lishi	ADJ
cjal-9190	672	9	)	)	PUNCT
cjal-9190	672	10	he	he	PRON
cjal-9190	672	11	gaoji	gaoji	VERB
cjal-9190	672	12	guanli	guanli	PROPN
cjal-9190	672	13	renyuan	renyuan	PROPN
cjal-9190	672	14	renzhi	renzhi	PROPN
cjal-9190	672	15	zige	zige	PROPN
cjal-9190	672	16	guanli	guanli	PROPN
cjal-9190	672	17	banfa	banfa	PROPN
cjal-9190	672	18	(	(	PUNCT
cjal-9190	672	19	银行业金融机构董事（理事）和高级管理人员任职资格管	银行业金融机构董事（理事）和高级管理人员任职资格管	INTJ
cjal-9190	672	20	理办法	理办法	PROPN
cjal-9190	672	21	)	)	PUNCT
cjal-9190	673	1	[	[	X
cjal-9190	673	2	the	the	DET
cjal-9190	673	3	measures	measure	NOUN
cjal-9190	673	4	for	for	ADP
cjal-9190	673	5	the	the	DET
cjal-9190	673	6	administration	administration	NOUN
cjal-9190	673	7	of	of	ADP
cjal-9190	673	8	the	the	DET
cjal-9190	673	9	office	office	NOUN
cjal-9190	673	10	-	-	PUNCT
cjal-9190	673	11	holding	hold	VERB
cjal-9190	673	12	qualifications	qualification	NOUN
cjal-9190	673	13	of	of	ADP
cjal-9190	673	14	the	the	DET
cjal-9190	673	15	directors	director	NOUN
cjal-9190	673	16	and	and	CCONJ
cjal-9190	673	17	senior	senior	ADJ
cjal-9190	673	18	managers	manager	NOUN
cjal-9190	673	19	of	of	ADP
cjal-9190	673	20	banking	bank	VERB
cjal-9190	673	21	financial	financial	ADJ
cjal-9190	673	22	institutions	institution	NOUN
cjal-9190	673	23	]	]	PUNCT
cjal-9190	673	24	(	(	PUNCT
cjal-9190	673	25	promulgated	promulgate	VERB
cjal-9190	673	26	by	by	ADP
cjal-9190	673	27	the	the	DET
cjal-9190	673	28	banking	banking	NOUN
cjal-9190	673	29	regulatory	regulatory	ADJ
cjal-9190	673	30	comm’n	comm’n	NOUN
cjal-9190	673	31	,	,	PUNCT
cjal-9190	673	32	nov	nov	PROPN
cjal-9190	673	33	.	.	PROPN
cjal-9190	673	34	18	18	NUM
cjal-9190	673	35	,	,	PUNCT
cjal-9190	673	36	2013	2013	NUM
cjal-9190	673	37	,	,	PUNCT
cjal-9190	673	38	effective	effective	ADJ
cjal-9190	673	39	dec	dec	PROPN
cjal-9190	673	40	.	.	PROPN
cjal-9190	673	41	18	18	NUM
cjal-9190	673	42	,	,	PUNCT
cjal-9190	673	43	2013	2013	NUM
cjal-9190	673	44	)	)	PUNCT
cjal-9190	673	45	,	,	PUNCT
cjal-9190	673	46	available	available	ADJ
cjal-9190	673	47	at	at	ADP
cjal-9190	673	48	http://www.lawinfochina.com/display.aspx?id=15460&lib=law	http://www.lawinfochina.com/display.aspx?id=15460&lib=law	NOUN
cjal-9190	673	49	.	.	PUNCT
cjal-9190	674	1	baoxian	baoxian	PROPN
cjal-9190	674	2	gongsi	gongsi	PROPN
cjal-9190	674	3	dongshi	dongshi	PROPN
cjal-9190	674	4	,	,	PUNCT
cjal-9190	674	5	jianshi	jianshi	PROPN
cjal-9190	674	6	he	he	PRON
cjal-9190	674	7	gaoji	gaoji	PROPN
cjal-9190	674	8	guanli	guanli	PROPN
cjal-9190	674	9	renyuan	renyuan	PROPN
cjal-9190	674	10	renzhi	renzhi	PROPN
cjal-9190	674	11	zige	zige	PROPN
cjal-9190	674	12	guanli	guanli	PROPN
cjal-9190	674	13	guiding	guiding	NOUN
cjal-9190	674	14	(	(	PUNCT
cjal-9190	674	15	保险公司董事、监事和高级管理人员任职资格管理规定	保险公司董事、监事和高级管理人员任职资格管理规定	NUM
cjal-9190	674	16	)	)	PUNCT
cjal-9190	675	1	[	[	X
cjal-9190	675	2	provisions	provision	NOUN
cjal-9190	675	3	on	on	ADP
cjal-9190	675	4	the	the	DET
cjal-9190	675	5	administration	administration	NOUN
cjal-9190	675	6	of	of	ADP
cjal-9190	675	7	the	the	DET
cjal-9190	675	8	office	office	NOUN
cjal-9190	675	9	qualifications	qualification	NOUN
cjal-9190	675	10	for	for	ADP
cjal-9190	675	11	the	the	DET
cjal-9190	675	12	directors	director	NOUN
cjal-9190	675	13	,	,	PUNCT
cjal-9190	675	14	supervisors	supervisor	NOUN
cjal-9190	675	15	and	and	CCONJ
cjal-9190	675	16	senior	senior	ADJ
cjal-9190	675	17	executives	executive	NOUN
cjal-9190	675	18	of	of	ADP
cjal-9190	675	19	insurance	insurance	NOUN
cjal-9190	675	20	companies	company	NOUN
cjal-9190	675	21	]	]	PUNCT
cjal-9190	675	22	(	(	PUNCT
cjal-9190	675	23	promulgated	promulgate	VERB
cjal-9190	675	24	by	by	ADP
cjal-9190	675	25	the	the	DET
cjal-9190	675	26	ins	in	NOUN
cjal-9190	675	27	.	.	PUNCT
cjal-9190	676	1	regulatory	regulatory	ADJ
cjal-9190	676	2	comm’n	comm’n	NOUN
cjal-9190	676	3	,	,	PUNCT
cjal-9190	676	4	jan	jan	PROPN
cjal-9190	676	5	.	.	PROPN
cjal-9190	676	6	23	23	NUM
cjal-9190	676	7	,	,	PUNCT
cjal-9190	676	8	2014	2014	NUM
cjal-9190	676	9	,	,	PUNCT
cjal-9190	676	10	effective	effective	ADJ
cjal-9190	676	11	january	january	PROPN
cjal-9190	676	12	23	23	NUM
cjal-9190	676	13	,	,	PUNCT
cjal-9190	676	14	2014	2014	NUM
cjal-9190	676	15	)	)	PUNCT
cjal-9190	676	16	,	,	PUNCT
cjal-9190	676	17	available	available	ADJ
cjal-9190	676	18	at	at	ADP
cjal-9190	676	19	https://plus.lexis.com/api/permalink/a430af2d-e5cb-4862-a076cbcdb35199e0/?context=1530671	https://plus.lexis.com/api/permalink/a430af2d-e5cb-4862-a076cbcdb35199e0/?context=1530671	PROPN
cjal-9190	676	20	.	.	PUNCT
cjal-9190	677	1	zhengquan	zhengquan	PROPN
cjal-9190	677	2	gongsi	gongsi	PROPN
cjal-9190	677	3	dongshi	dongshi	PROPN
cjal-9190	677	4	,	,	PUNCT
cjal-9190	677	5	jianshi	jianshi	PROPN
cjal-9190	677	6	he	he	PRON
cjal-9190	677	7	gaoji	gaoji	PROPN
cjal-9190	677	8	guanli	guanli	PROPN
cjal-9190	677	9	renyuan	renyuan	PROPN
cjal-9190	677	10	renzhi	renzhi	PROPN
cjal-9190	677	11	zige	zige	PROPN
cjal-9190	677	12	jianguan	jianguan	PROPN
cjal-9190	677	13	banfa	banfa	PROPN
cjal-9190	677	14	(	(	PUNCT
cjal-9190	677	15	证券公司董事、监事和高级管理人	证券公司董事、监事和高级管理人	NUM
cjal-9190	677	16	员任职资格监管办法	员任职资格监管办法	NOUN
cjal-9190	677	17	)	)	PUNCT
cjal-9190	678	1	[	[	X
cjal-9190	678	2	measures	measure	NOUN
cjal-9190	678	3	for	for	ADP
cjal-9190	678	4	the	the	DET
cjal-9190	678	5	supervision	supervision	NOUN
cjal-9190	678	6	and	and	CCONJ
cjal-9190	678	7	administration	administration	NOUN
cjal-9190	678	8	of	of	ADP
cjal-9190	678	9	the	the	DET
cjal-9190	678	10	professional	professional	ADJ
cjal-9190	678	11	qualifications	qualification	NOUN
cjal-9190	678	12	of	of	ADP
cjal-9190	678	13	directors	director	NOUN
cjal-9190	678	14	,	,	PUNCT
cjal-9190	678	15	supervisors	supervisor	NOUN
cjal-9190	678	16	and	and	CCONJ
cjal-9190	678	17	senior	senior	ADJ
cjal-9190	678	18	managers	manager	NOUN
cjal-9190	678	19	of	of	ADP
cjal-9190	678	20	securities	security	NOUN
cjal-9190	678	21	companies	company	NOUN
cjal-9190	678	22	]	]	PUNCT
cjal-9190	678	23	(	(	PUNCT
cjal-9190	678	24	promulgated	promulgate	VERB
cjal-9190	678	25	by	by	ADP
cjal-9190	678	26	the	the	DET
cjal-9190	678	27	sec	sec	PROPN
cjal-9190	678	28	.	.	PUNCT
cjal-9190	679	1	regulatory	regulatory	ADJ
cjal-9190	679	2	comm’n	comm’n	NOUN
cjal-9190	679	3	,	,	PUNCT
cjal-9190	679	4	oct	oct	PROPN
cjal-9190	679	5	.	.	PROPN
cjal-9190	679	6	20	20	NUM
cjal-9190	679	7	,	,	PUNCT
cjal-9190	679	8	2006	2006	NUM
cjal-9190	679	9	,	,	PUNCT
cjal-9190	679	10	revised	revise	VERB
cjal-9190	679	11	october	october	PROPN
cjal-9190	679	12	19	19	NUM
cjal-9190	679	13	,	,	PUNCT
cjal-9190	679	14	2012	2012	NUM
cjal-9190	679	15	)	)	PUNCT
cjal-9190	679	16	available	available	ADJ
cjal-9190	679	17	at	at	ADP
cjal-9190	679	18	http://www.csrc.gov.cn/pub/csrc_en/laws/rfdm/departmentrules/201212/t2012120	http://www.csrc.gov.cn/pub/csrc_en/laws/rfdm/departmentrules/201212/t2012120	PROPN
cjal-9190	679	19	4_217601.html	4_217601.html	NUM
cjal-9190	679	20	.	.	PUNCT
cjal-9190	680	1	zhengquan	zhengquan	PROPN
cjal-9190	680	2	touzi	touzi	PROPN
cjal-9190	680	3	jijin	jijin	PROPN
cjal-9190	680	4	guanli	guanli	PROPN
cjal-9190	680	5	gongsi	gongsi	PROPN
cjal-9190	680	6	gaoji	gaoji	PROPN
cjal-9190	680	7	guanli	guanli	PROPN
cjal-9190	680	8	renyuan	renyuan	PROPN
cjal-9190	680	9	renzhi	renzhi	PROPN
cjal-9190	680	10	guanli	guanli	PROPN
cjal-9190	680	11	banfa	banfa	PROPN
cjal-9190	680	12	(	(	PUNCT
cjal-9190	680	13	证券投资基金管理公司高级管理人员任职管理办法	证券投资基金管理公司高级管理人员任职管理办法	NOUN
cjal-9190	680	14	)	)	PUNCT
cjal-9190	681	1	[	[	X
cjal-9190	681	2	the	the	DET
cjal-9190	681	3	measures	measure	NOUN
cjal-9190	681	4	for	for	ADP
cjal-9190	681	5	the	the	DET
cjal-9190	681	6	administration	administration	NOUN
cjal-9190	681	7	of	of	ADP
cjal-9190	681	8	post	post	ADJ
cjal-9190	681	9	-	-	ADJ
cjal-9190	681	10	holding	holding	NOUN
cjal-9190	681	11	of	of	ADP
cjal-9190	681	12	senior	senior	ADJ
cjal-9190	681	13	officers	officer	NOUN
cjal-9190	681	14	of	of	ADP
cjal-9190	681	15	securities	security	NOUN
cjal-9190	681	16	investment	investment	NOUN
cjal-9190	681	17	fund	fund	NOUN
cjal-9190	681	18	management	management	NOUN
cjal-9190	681	19	companies	company	NOUN
cjal-9190	681	20	]	]	PUNCT
cjal-9190	681	21	(	(	PUNCT
cjal-9190	681	22	promulgated	promulgate	VERB
cjal-9190	681	23	by	by	ADP
cjal-9190	681	24	the	the	DET
cjal-9190	681	25	sec	sec	PROPN
cjal-9190	681	26	.	.	PUNCT
cjal-9190	682	1	regulatory	regulatory	ADJ
cjal-9190	682	2	comm’n	comm’n	NOUN
cjal-9190	682	3	,	,	PUNCT
cjal-9190	682	4	sept	sept	PROPN
cjal-9190	682	5	.	.	PROPN
cjal-9190	682	6	22	22	NUM
cjal-9190	682	7	,	,	PUNCT
cjal-9190	682	8	2004	2004	NUM
cjal-9190	682	9	,	,	PUNCT
cjal-9190	682	10	effective	effective	ADJ
cjal-9190	682	11	oct	oct	PROPN
cjal-9190	682	12	.	.	PROPN
cjal-9190	682	13	1	1	NUM
cjal-9190	682	14	,	,	PUNCT
cjal-9190	682	15	2004	2004	NUM
cjal-9190	682	16	)	)	PUNCT
cjal-9190	682	17	available	available	ADJ
cjal-9190	682	18	at	at	ADP
cjal-9190	682	19	http://www.lawinfochina.com/display.aspx?id=3737&lib=law	http://www.lawinfochina.com/display.aspx?id=3737&lib=law	NOUN
cjal-9190	682	20	.	.	PUNCT
cjal-9190	683	1	2022	2022	NUM
cjal-9190	683	2	]	]	PUNCT
cjal-9190	683	3	columbia	columbia	PROPN
cjal-9190	683	4	journal	journal	PROPN
cjal-9190	683	5	of	of	ADP
cjal-9190	683	6	asian	asian	ADJ
cjal-9190	683	7	law	law	NOUN
cjal-9190	683	8	127	127	NUM
cjal-9190	683	9	making	make	VERB
cjal-9190	683	10	high	high	ADJ
cjal-9190	683	11	level	level	NOUN
cjal-9190	683	12	business	business	NOUN
cjal-9190	683	13	and	and	CCONJ
cjal-9190	683	14	policy	policy	NOUN
cjal-9190	683	15	decisions	decision	NOUN
cjal-9190	683	16	in	in	ADP
cjal-9190	683	17	the	the	DET
cjal-9190	683	18	sif	sif	NOUN
cjal-9190	683	19	.	.	PROPN
cjal-9190	683	20	175	175	NUM
cjal-9190	684	1	the	the	DET
cjal-9190	684	2	idc	idc	PROPN
cjal-9190	684	3	is	be	AUX
cjal-9190	684	4	composed	compose	VERB
cjal-9190	684	5	of	of	ADP
cjal-9190	684	6	the	the	DET
cjal-9190	684	7	sif	sif	PROPN
cjal-9190	684	8	firm	firm	NOUN
cjal-9190	684	9	’s	’s	PART
cjal-9190	684	10	senior	senior	ADJ
cjal-9190	684	11	managers,176	managers,176	NOUN
cjal-9190	684	12	which	which	PRON
cjal-9190	684	13	give	give	VERB
cjal-9190	684	14	them	they	PRON
cjal-9190	684	15	an	an	DET
cjal-9190	684	16	air	air	NOUN
cjal-9190	684	17	of	of	ADP
cjal-9190	684	18	independence	independence	NOUN
cjal-9190	684	19	as	as	SCONJ
cjal-9190	684	20	they	they	PRON
cjal-9190	684	21	are	be	AUX
cjal-9190	684	22	private	private	ADJ
cjal-9190	684	23	sector	sector	NOUN
cjal-9190	684	24	employees	employee	NOUN
cjal-9190	684	25	.	.	PUNCT
cjal-9190	685	1	177	177	NUM
cjal-9190	685	2	historically	historically	ADV
cjal-9190	685	3	,	,	PUNCT
cjal-9190	685	4	the	the	DET
cjal-9190	685	5	csrc	csrc	NOUN
cjal-9190	685	6	had	have	VERB
cjal-9190	685	7	a	a	DET
cjal-9190	685	8	veto	veto	NOUN
cjal-9190	685	9	power	power	NOUN
cjal-9190	685	10	over	over	ADP
cjal-9190	685	11	the	the	DET
cjal-9190	685	12	appointment	appointment	NOUN
cjal-9190	685	13	and	and	CCONJ
cjal-9190	685	14	removal	removal	NOUN
cjal-9190	685	15	of	of	ADP
cjal-9190	685	16	all	all	DET
cjal-9190	685	17	idc	idc	PROPN
cjal-9190	685	18	members	member	NOUN
cjal-9190	685	19	which	which	PRON
cjal-9190	685	20	it	it	PRON
cjal-9190	685	21	could	could	AUX
cjal-9190	685	22	exercise	exercise	VERB
cjal-9190	685	23	due	due	ADP
cjal-9190	685	24	to	to	ADP
cjal-9190	685	25	the	the	DET
cjal-9190	685	26	fact	fact	NOUN
cjal-9190	685	27	that	that	SCONJ
cjal-9190	685	28	the	the	DET
cjal-9190	685	29	appointment	appointment	NOUN
cjal-9190	685	30	of	of	ADP
cjal-9190	685	31	all	all	DET
cjal-9190	685	32	executives	executive	NOUN
cjal-9190	685	33	of	of	ADP
cjal-9190	685	34	securities	security	NOUN
cjal-9190	685	35	companies	company	NOUN
cjal-9190	685	36	had	have	AUX
cjal-9190	685	37	to	to	PART
cjal-9190	685	38	be	be	AUX
cjal-9190	685	39	reported	report	VERB
cjal-9190	685	40	to	to	ADP
cjal-9190	685	41	the	the	DET
cjal-9190	685	42	csrc	csrc	NOUN
cjal-9190	685	43	for	for	ADP
cjal-9190	685	44	filing.178	filing.178	PROPN
cjal-9190	685	45	notably	notably	ADV
cjal-9190	685	46	,	,	PUNCT
cjal-9190	685	47	following	follow	VERB
cjal-9190	685	48	the	the	DET
cjal-9190	685	49	new	new	ADJ
cjal-9190	685	50	securities	security	NOUN
cjal-9190	685	51	law	law	NOUN
cjal-9190	685	52	,	,	PUNCT
cjal-9190	685	53	which	which	PRON
cjal-9190	685	54	came	come	VERB
cjal-9190	685	55	into	into	ADP
cjal-9190	685	56	force	force	NOUN
cjal-9190	685	57	on	on	ADP
cjal-9190	685	58	march	march	PROPN
cjal-9190	685	59	1	1	NUM
cjal-9190	685	60	,	,	PUNCT
cjal-9190	685	61	2020	2020	NUM
cjal-9190	685	62	,	,	PUNCT
cjal-9190	685	63	several	several	ADJ
cjal-9190	685	64	laws	law	NOUN
cjal-9190	685	65	and	and	CCONJ
cjal-9190	685	66	regulations	regulation	NOUN
cjal-9190	685	67	were	be	AUX
cjal-9190	685	68	issued	issue	VERB
cjal-9190	685	69	to	to	PART
cjal-9190	685	70	revise	revise	VERB
cjal-9190	685	71	the	the	DET
cjal-9190	685	72	ex	ex	NOUN
cjal-9190	685	73	-	-	ADJ
cjal-9190	685	74	ante	ante	ADJ
cjal-9190	685	75	approval	approval	NOUN
cjal-9190	685	76	requirement	requirement	NOUN
cjal-9190	685	77	of	of	ADP
cjal-9190	685	78	the	the	DET
cjal-9190	685	79	appointment	appointment	NOUN
cjal-9190	685	80	of	of	ADP
cjal-9190	685	81	poiis	poiis	ADJ
cjal-9190	685	82	’	'	PUNCT
cjal-9190	685	83	senior	senior	ADJ
cjal-9190	685	84	managers	manager	NOUN
cjal-9190	685	85	to	to	ADP
cjal-9190	685	86	only	only	ADV
cjal-9190	685	87	ex	ex	ADJ
cjal-9190	685	88	-	-	ADJ
cjal-9190	685	89	post	post	ADJ
cjal-9190	685	90	filing.179	filing.179	NOUN
cjal-9190	685	91	however	however	ADV
cjal-9190	685	92	,	,	PUNCT
cjal-9190	685	93	it	it	PRON
cjal-9190	685	94	is	be	AUX
cjal-9190	685	95	too	too	ADV
cjal-9190	685	96	early	early	ADJ
cjal-9190	685	97	to	to	PART
cjal-9190	685	98	tell	tell	VERB
cjal-9190	685	99	whether	whether	SCONJ
cjal-9190	685	100	this	this	PRON
cjal-9190	685	101	will	will	AUX
cjal-9190	685	102	make	make	VERB
cjal-9190	685	103	a	a	DET
cjal-9190	685	104	difference	difference	NOUN
cjal-9190	685	105	in	in	ADP
cjal-9190	685	106	the	the	DET
cjal-9190	685	107	csrc	csrc	NOUN
cjal-9190	685	108	’s	’s	PART
cjal-9190	685	109	actual	actual	ADJ
cjal-9190	685	110	influence	influence	NOUN
cjal-9190	685	111	over	over	ADP
cjal-9190	685	112	poiis	poiis	ADJ
cjal-9190	685	113	.	.	PUNCT
cjal-9190	686	1	in	in	ADP
cjal-9190	686	2	terms	term	NOUN
cjal-9190	686	3	of	of	ADP
cjal-9190	686	4	informal	informal	ADJ
cjal-9190	686	5	mechanisms	mechanism	NOUN
cjal-9190	686	6	,	,	PUNCT
cjal-9190	686	7	research	research	NOUN
cjal-9190	686	8	based	base	VERB
cjal-9190	686	9	on	on	ADP
cjal-9190	686	10	anonymous	anonymous	ADJ
cjal-9190	686	11	interviews	interview	NOUN
cjal-9190	686	12	with	with	ADP
cjal-9190	686	13	senior	senior	ADJ
cjal-9190	686	14	employees	employee	NOUN
cjal-9190	686	15	in	in	ADP
cjal-9190	686	16	poiis	poiis	ADJ
cjal-9190	686	17	suggests	suggest	VERB
cjal-9190	686	18	that	that	SCONJ
cjal-9190	686	19	the	the	DET
cjal-9190	686	20	csrc	csrc	NOUN
cjal-9190	686	21	uses	use	VERB
cjal-9190	686	22	window	window	NOUN
cjal-9190	686	23	guidance	guidance	NOUN
cjal-9190	686	24	to	to	PART
cjal-9190	686	25	effectively	effectively	ADV
cjal-9190	686	26	control	control	VERB
cjal-9190	686	27	the	the	DET
cjal-9190	686	28	selection	selection	NOUN
cjal-9190	686	29	of	of	ADP
cjal-9190	686	30	senior	senior	ADJ
cjal-9190	686	31	managers	manager	NOUN
cjal-9190	686	32	(	(	PUNCT
cjal-9190	686	33	who	who	PRON
cjal-9190	686	34	are	be	AUX
cjal-9190	686	35	also	also	ADV
cjal-9190	686	36	the	the	DET
cjal-9190	686	37	175	175	NUM
cjal-9190	686	38	cheng	cheng	PROPN
cjal-9190	686	39	,	,	PUNCT
cjal-9190	686	40	supra	supra	PROPN
cjal-9190	686	41	note	note	PROPN
cjal-9190	686	42	157	157	NUM
cjal-9190	686	43	,	,	PUNCT
cjal-9190	686	44	at	at	ADP
cjal-9190	686	45	26	26	NUM
cjal-9190	686	46	.	.	PUNCT
cjal-9190	687	1	telephone	telephone	NOUN
cjal-9190	687	2	interview	interview	NOUN
cjal-9190	687	3	with	with	ADP
cjal-9190	687	4	fund	fund	NOUN
cjal-9190	687	5	manager	manager	NOUN
cjal-9190	687	6	,	,	PUNCT
cjal-9190	687	7	mr	mr	PROPN
cjal-9190	687	8	.	.	PROPN
cjal-9190	687	9	y	y	PROPN
cjal-9190	687	10	,	,	PUNCT
cjal-9190	687	11	gf	gf	PROPN
cjal-9190	687	12	securities	security	NOUN
cjal-9190	687	13	(	(	PUNCT
cjal-9190	687	14	mar	mar	PROPN
cjal-9190	687	15	.	.	PROPN
cjal-9190	687	16	18	18	NUM
cjal-9190	687	17	,	,	PUNCT
cjal-9190	687	18	2021	2021	NUM
cjal-9190	687	19	)	)	PUNCT
cjal-9190	687	20	(	(	PUNCT
cjal-9190	687	21	on	on	ADP
cjal-9190	687	22	file	file	NOUN
cjal-9190	687	23	with	with	ADP
cjal-9190	687	24	author	author	NOUN
cjal-9190	687	25	)	)	PUNCT
cjal-9190	687	26	.	.	PUNCT
cjal-9190	688	1	176	176	NUM
cjal-9190	688	2	which	which	PRON
cjal-9190	688	3	generally	generally	ADV
cjal-9190	688	4	consists	consist	VERB
cjal-9190	688	5	of	of	ADP
cjal-9190	688	6	the	the	DET
cjal-9190	688	7	principals	principal	NOUN
cjal-9190	688	8	of	of	ADP
cjal-9190	688	9	management	management	NOUN
cjal-9190	688	10	(	(	PUNCT
cjal-9190	688	11	including	include	VERB
cjal-9190	688	12	the	the	DET
cjal-9190	688	13	chairman	chairman	NOUN
cjal-9190	688	14	,	,	PUNCT
cjal-9190	688	15	general	general	ADJ
cjal-9190	688	16	manager	manager	NOUN
cjal-9190	688	17	,	,	PUNCT
cjal-9190	688	18	chief	chief	ADJ
cjal-9190	688	19	financial	financial	ADJ
cjal-9190	688	20	officer	officer	NOUN
cjal-9190	688	21	)	)	PUNCT
cjal-9190	688	22	.	.	PUNCT
cjal-9190	689	1	telephone	telephone	NOUN
cjal-9190	689	2	interview	interview	NOUN
cjal-9190	689	3	with	with	ADP
cjal-9190	689	4	fund	fund	NOUN
cjal-9190	689	5	manager	manager	NOUN
cjal-9190	689	6	,	,	PUNCT
cjal-9190	689	7	mr	mr	PROPN
cjal-9190	689	8	.	.	PROPN
cjal-9190	689	9	y	y	PROPN
cjal-9190	689	10	,	,	PUNCT
cjal-9190	689	11	gf	gf	PROPN
cjal-9190	689	12	securities	security	NOUN
cjal-9190	689	13	(	(	PUNCT
cjal-9190	689	14	mar.18	mar.18	NOUN
cjal-9190	689	15	,	,	PUNCT
cjal-9190	689	16	2021	2021	NUM
cjal-9190	689	17	)	)	PUNCT
cjal-9190	689	18	(	(	PUNCT
cjal-9190	689	19	on	on	ADP
cjal-9190	689	20	file	file	NOUN
cjal-9190	689	21	with	with	ADP
cjal-9190	689	22	author	author	NOUN
cjal-9190	689	23	)	)	PUNCT
cjal-9190	689	24	.	.	PUNCT
cjal-9190	690	1	telephone	telephone	NOUN
cjal-9190	690	2	interview	interview	NOUN
cjal-9190	690	3	with	with	ADP
cjal-9190	690	4	legal	legal	ADJ
cjal-9190	690	5	counsel	counsel	NOUN
cjal-9190	690	6	,	,	PUNCT
cjal-9190	690	7	china	china	PROPN
cjal-9190	690	8	international	international	PROPN
cjal-9190	690	9	capital	capital	PROPN
cjal-9190	690	10	corporation	corporation	NOUN
cjal-9190	690	11	(	(	PUNCT
cjal-9190	690	12	mar.30	mar.30	NOUN
cjal-9190	690	13	,	,	PUNCT
cjal-9190	690	14	2021	2021	NUM
cjal-9190	690	15	)	)	PUNCT
cjal-9190	690	16	(	(	PUNCT
cjal-9190	690	17	on	on	ADP
cjal-9190	690	18	file	file	NOUN
cjal-9190	690	19	with	with	ADP
cjal-9190	690	20	author	author	NOUN
cjal-9190	690	21	)	)	PUNCT
cjal-9190	690	22	.	.	PUNCT
cjal-9190	691	1	177	177	NUM
cjal-9190	691	2	yu	yu	PROPN
cjal-9190	691	3	jin	jin	PROPN
cjal-9190	691	4	&	&	CCONJ
cjal-9190	691	5	hou	hou	PROPN
cjal-9190	691	6	wei	wei	PROPN
cjal-9190	691	7	xiang	xiang	PROPN
cjal-9190	691	8	(	(	PUNCT
cjal-9190	691	9	于瑾	于瑾	NOUN
cjal-9190	691	10	&	&	CCONJ
cjal-9190	691	11	侯伟相	侯伟相	PROPN
cjal-9190	691	12	)	)	PUNCT
cjal-9190	691	13	,	,	PUNCT
cjal-9190	691	14	investment	investment	NOUN
cjal-9190	691	15	decision	decision	NOUN
cjal-9190	691	16	-	-	PUNCT
cjal-9190	691	17	making	make	VERB
cjal-9190	691	18	committee	committee	NOUN
cjal-9190	691	19	characteristics	characteristic	NOUN
cjal-9190	691	20	and	and	CCONJ
cjal-9190	691	21	investment	investment	NOUN
cjal-9190	691	22	performance	performance	NOUN
cjal-9190	691	23	and	and	CCONJ
cjal-9190	691	24	ability	ability	NOUN
cjal-9190	691	25	(	(	PUNCT
cjal-9190	691	26	投资决策委员	投资决策委员	ADJ
cjal-9190	691	27	会特征与投资业绩，投资能力	会特征与投资业绩，投资能力	NOUN
cjal-9190	691	28	—	—	PUNCT
cjal-9190	691	29	基于公募基金的研究	基于公募基金的研究	NOUN
cjal-9190	691	30	)	)	PUNCT
cjal-9190	691	31	,	,	PUNCT
cjal-9190	691	32	6	6	NUM
cjal-9190	691	33	rev	rev	VERB
cjal-9190	691	34	.	.	PUNCT
cjal-9190	691	35	inv	inv	PROPN
cjal-9190	691	36	.	.	PUNCT
cjal-9190	691	37	stud	stud	PROPN
cjal-9190	691	38	.	.	PUNCT
cjal-9190	692	1	(	(	PUNCT
cjal-9190	692	2	投资	投资	NOUN
cjal-9190	692	3	研究	研究	PROPN
cjal-9190	692	4	)	)	PUNCT
cjal-9190	692	5	116	116	NUM
cjal-9190	692	6	(	(	PUNCT
cjal-9190	692	7	2017	2017	NUM
cjal-9190	692	8	)	)	PUNCT
cjal-9190	692	9	.	.	PUNCT
cjal-9190	693	1	178	178	NUM
cjal-9190	693	2	zhengquan	zhengquan	PROPN
cjal-9190	693	3	gongsi	gongsi	PROPN
cjal-9190	693	4	lei	lei	PROPN
cjal-9190	693	5	baobei	baobei	PROPN
cjal-9190	693	6	zhiyin	zhiyin	PROPN
cjal-9190	693	7	(	(	PUNCT
cjal-9190	693	8	证券公司类报备指引	证券公司类报备指引	PROPN
cjal-9190	693	9	)	)	PUNCT
cjal-9190	694	1	[	[	X
cjal-9190	694	2	securities	security	NOUN
cjal-9190	694	3	company	company	NOUN
cjal-9190	694	4	filing	filing	NOUN
cjal-9190	694	5	guidelines	guideline	NOUN
cjal-9190	694	6	]	]	PUNCT
cjal-9190	694	7	(	(	PUNCT
cjal-9190	694	8	promulgated	promulgate	VERB
cjal-9190	694	9	by	by	ADP
cjal-9190	694	10	the	the	DET
cjal-9190	694	11	sec	sec	PROPN
cjal-9190	694	12	.	.	PUNCT
cjal-9190	695	1	regulatory	regulatory	ADJ
cjal-9190	695	2	comm’n	comm’n	NOUN
cjal-9190	695	3	,	,	PUNCT
cjal-9190	695	4	sept	sept	PROPN
cjal-9190	695	5	.	.	PROPN
cjal-9190	695	6	14	14	NUM
cjal-9190	695	7	,	,	PUNCT
cjal-9190	695	8	2015	2015	NUM
cjal-9190	695	9	,	,	PUNCT
cjal-9190	695	10	available	available	ADJ
cjal-9190	695	11	at	at	ADP
cjal-9190	695	12	http://www.csrc.gov.cn/zjhpublicofheb/bszn/201509/t20150914_283941.htm	http://www.csrc.gov.cn/zjhpublicofheb/bszn/201509/t20150914_283941.htm	PROPN
cjal-9190	695	13	.	.	PUNCT
cjal-9190	696	1	179	179	NUM
cjal-9190	696	2	see	see	VERB
cjal-9190	696	3	zhengquan	zhengquan	PROPN
cjal-9190	696	4	fa	fa	PROPN
cjal-9190	696	5	(	(	PUNCT
cjal-9190	696	6	证券法	证券法	NOUN
cjal-9190	696	7	)	)	PUNCT
cjal-9190	697	1	[	[	X
cjal-9190	697	2	securities	security	NOUN
cjal-9190	697	3	law	law	NOUN
cjal-9190	697	4	]	]	PUNCT
cjal-9190	697	5	(	(	PUNCT
cjal-9190	697	6	promulgated	promulgate	VERB
cjal-9190	697	7	by	by	ADP
cjal-9190	697	8	the	the	DET
cjal-9190	697	9	standing	standing	NOUN
cjal-9190	697	10	comm	comm	NOUN
cjal-9190	697	11	.	.	PUNCT
cjal-9190	698	1	nat’l	nat’l	PROPN
cjal-9190	698	2	people	people	NOUN
cjal-9190	698	3	’s	’s	PART
cjal-9190	698	4	cong	cong	PROPN
cjal-9190	698	5	.	.	PUNCT
cjal-9190	699	1	,	,	PUNCT
cjal-9190	699	2	dec	dec	PROPN
cjal-9190	699	3	.	.	PROPN
cjal-9190	699	4	28	28	NUM
cjal-9190	699	5	,	,	PUNCT
cjal-9190	699	6	2019	2019	NUM
cjal-9190	699	7	,	,	PUNCT
cjal-9190	699	8	effective	effective	ADJ
cjal-9190	699	9	mar	mar	PROPN
cjal-9190	699	10	.	.	PROPN
cjal-9190	699	11	1	1	NUM
cjal-9190	699	12	,	,	PUNCT
cjal-9190	699	13	2020	2020	NUM
cjal-9190	699	14	)	)	PUNCT
cjal-9190	699	15	available	available	ADJ
cjal-9190	699	16	at	at	ADP
cjal-9190	699	17	http://www.npc.gov.cn/englishnpc/c23934/202109/9886ca6f805e4663a9a725d6f72	http://www.npc.gov.cn/englishnpc/c23934/202109/9886ca6f805e4663a9a725d6f72	PROPN
cjal-9190	699	18	066dd.shtml	066dd.shtml	PROPN
cjal-9190	699	19	.	.	PUNCT
cjal-9190	700	1	zhengquan	zhengquan	PROPN
cjal-9190	700	2	jijin	jijin	PROPN
cjal-9190	700	3	jingying	jingying	PROPN
cjal-9190	700	4	jigou	jigou	PROPN
cjal-9190	700	5	dongshi	dongshi	PROPN
cjal-9190	700	6	,	,	PUNCT
cjal-9190	700	7	jianshi	jianshi	PROPN
cjal-9190	700	8	,	,	PUNCT
cjal-9190	700	9	gaoji	gaoji	PROPN
cjal-9190	700	10	guanli	guanli	PROPN
cjal-9190	700	11	renyuan	renyuan	PROPN
cjal-9190	700	12	ji	ji	PROPN
cjal-9190	700	13	congye	congye	PROPN
cjal-9190	700	14	renyuan	renyuan	PROPN
cjal-9190	700	15	jiandu	jiandu	PROPN
cjal-9190	700	16	guanli	guanli	PROPN
cjal-9190	700	17	banfa	banfa	PROPN
cjal-9190	700	18	(	(	PUNCT
cjal-9190	700	19	zhengqiu	zhengqiu	PROPN
cjal-9190	700	20	yijiangao	yijiangao	PROPN
cjal-9190	700	21	)	)	PUNCT
cjal-9190	700	22	(	(	PUNCT
cjal-9190	700	23	证券基金	证券基金	VERB
cjal-9190	700	24	经营机构董事、监事、高级管理人员及从业人员监督管理办法（征求意见稿	经营机构董事、监事、高级管理人员及从业人员监督管理办法（征求意见稿	PROPN
cjal-9190	700	25	）	）	PUNCT
cjal-9190	700	26	）	）	PUNCT
cjal-9190	701	1	[	[	X
cjal-9190	701	2	the	the	DET
cjal-9190	701	3	measures	measure	NOUN
cjal-9190	701	4	for	for	ADP
cjal-9190	701	5	the	the	DET
cjal-9190	701	6	supervision	supervision	NOUN
cjal-9190	701	7	and	and	CCONJ
cjal-9190	701	8	administration	administration	NOUN
cjal-9190	701	9	of	of	ADP
cjal-9190	701	10	directors	director	NOUN
cjal-9190	701	11	,	,	PUNCT
cjal-9190	701	12	supervisors	supervisor	NOUN
cjal-9190	701	13	,	,	PUNCT
cjal-9190	701	14	senior	senior	ADJ
cjal-9190	701	15	managers	manager	NOUN
cjal-9190	701	16	and	and	CCONJ
cjal-9190	701	17	practitioners	practitioner	NOUN
cjal-9190	701	18	of	of	ADP
cjal-9190	701	19	securities	security	NOUN
cjal-9190	701	20	and	and	CCONJ
cjal-9190	701	21	fund	fund	NOUN
cjal-9190	701	22	management	management	NOUN
cjal-9190	701	23	institutions	institution	NOUN
cjal-9190	701	24	(	(	PUNCT
cjal-9190	701	25	draft	draft	VERB
cjal-9190	701	26	for	for	ADP
cjal-9190	701	27	comments	comment	NOUN
cjal-9190	701	28	)	)	PUNCT
cjal-9190	701	29	]	]	PUNCT
cjal-9190	701	30	(	(	PUNCT
cjal-9190	701	31	promulgated	promulgate	VERB
cjal-9190	701	32	by	by	ADP
cjal-9190	701	33	the	the	DET
cjal-9190	701	34	sec	sec	PROPN
cjal-9190	701	35	.	.	PUNCT
cjal-9190	702	1	regulatory	regulatory	ADJ
cjal-9190	702	2	comm’n	comm’n	NOUN
cjal-9190	702	3	,	,	PUNCT
cjal-9190	702	4	nov	nov	PROPN
cjal-9190	702	5	.	.	PROPN
cjal-9190	702	6	20	20	NUM
cjal-9190	702	7	,	,	PUNCT
cjal-9190	702	8	2020	2020	NUM
cjal-9190	702	9	)	)	PUNCT
cjal-9190	702	10	available	available	ADJ
cjal-9190	702	11	at	at	ADP
cjal-9190	702	12	http://www.moj.gov.cn/news/content/202011/20/zlk_3260352.html	http://www.moj.gov.cn/news/content/202011/20/zlk_3260352.html	PROPN
cjal-9190	702	13	.	.	PUNCT
cjal-9190	703	1	jinrong	jinrong	PROPN
cjal-9190	703	2	konggu	konggu	PROPN
cjal-9190	703	3	gongsi	gongsi	PROPN
cjal-9190	703	4	dongshi	dongshi	PROPN
cjal-9190	703	5	,	,	PUNCT
cjal-9190	703	6	jianshi	jianshi	PROPN
cjal-9190	703	7	,	,	PUNCT
cjal-9190	703	8	gaoji	gaoji	PROPN
cjal-9190	703	9	guanli	guanli	PROPN
cjal-9190	703	10	renyuan	renyuan	PROPN
cjal-9190	703	11	renzhi	renzhi	PROPN
cjal-9190	703	12	beian	beian	PROPN
cjal-9190	703	13	guanli	guanli	PROPN
cjal-9190	703	14	zanxing	zanxing	NOUN
cjal-9190	703	15	guiding	guide	VERB
cjal-9190	703	16	(	(	PUNCT
cjal-9190	703	17	金融控股公司董事、监事、高级	金融控股公司董事、监事、高级	PROPN
cjal-9190	703	18	管理人员任职备案管理暂行规定	管理人员任职备案管理暂行规定	PROPN
cjal-9190	703	19	)	)	PUNCT
cjal-9190	704	1	[	[	X
cjal-9190	704	2	the	the	DET
cjal-9190	704	3	interim	interim	ADJ
cjal-9190	704	4	provisions	provision	NOUN
cjal-9190	704	5	on	on	ADP
cjal-9190	704	6	the	the	DET
cjal-9190	704	7	administration	administration	NOUN
cjal-9190	704	8	of	of	ADP
cjal-9190	704	9	recordation	recordation	NOUN
cjal-9190	704	10	for	for	ADP
cjal-9190	704	11	the	the	DET
cjal-9190	704	12	office	office	NOUN
cjal-9190	704	13	-	-	PUNCT
cjal-9190	704	14	holding	holding	NOUN
cjal-9190	704	15	of	of	ADP
cjal-9190	704	16	directors	director	NOUN
cjal-9190	704	17	,	,	PUNCT
cjal-9190	704	18	supervisors	supervisor	NOUN
cjal-9190	704	19	,	,	PUNCT
cjal-9190	704	20	and	and	CCONJ
cjal-9190	704	21	senior	senior	ADJ
cjal-9190	704	22	executives	executive	NOUN
cjal-9190	704	23	of	of	ADP
cjal-9190	704	24	financial	financial	ADJ
cjal-9190	704	25	holding	hold	VERB
cjal-9190	704	26	companies	company	NOUN
cjal-9190	704	27	]	]	PUNCT
cjal-9190	704	28	(	(	PUNCT
cjal-9190	704	29	promulgated	promulgate	VERB
cjal-9190	704	30	by	by	ADP
cjal-9190	704	31	the	the	DET
cjal-9190	704	32	people	people	NOUN
cjal-9190	704	33	’s	’s	PART
cjal-9190	704	34	bank	bank	PROPN
cjal-9190	704	35	of	of	ADP
cjal-9190	704	36	china	china	PROPN
cjal-9190	704	37	,	,	PUNCT
cjal-9190	704	38	march	march	PROPN
cjal-9190	704	39	31	31	NUM
cjal-9190	704	40	,	,	PUNCT
cjal-9190	704	41	2021	2021	NUM
cjal-9190	704	42	,	,	PUNCT
cjal-9190	704	43	effective	effective	ADJ
cjal-9190	704	44	may	may	PROPN
cjal-9190	704	45	1	1	NUM
cjal-9190	704	46	,	,	PUNCT
cjal-9190	704	47	2021	2021	NUM
cjal-9190	704	48	)	)	PUNCT
cjal-9190	704	49	available	available	ADJ
cjal-9190	704	50	at	at	ADP
cjal-9190	704	51	https://www.lawinfochina.com/display.aspx?id=35219&lib=law	https://www.lawinfochina.com/display.aspx?id=35219&lib=law	PROPN
cjal-9190	704	52	.	.	PROPN
cjal-9190	705	1	128	128	NUM
cjal-9190	705	2	institutional	institutional	ADJ
cjal-9190	705	3	investors	investor	NOUN
cjal-9190	705	4	in	in	ADP
cjal-9190	705	5	china	china	PROPN
cjal-9190	705	6	[	[	X
cjal-9190	705	7	vol	vol	NOUN
cjal-9190	705	8	.	.	PUNCT
cjal-9190	705	9	35	35	NUM
cjal-9190	705	10	:	:	SYM
cjal-9190	705	11	74	74	NUM
cjal-9190	705	12	idc	idc	PROPN
cjal-9190	705	13	members),180	members),180	PROPN
cjal-9190	705	14	and	and	CCONJ
cjal-9190	705	15	idcs	idc	NOUN
cjal-9190	705	16	are	be	AUX
cjal-9190	705	17	often	often	ADV
cjal-9190	705	18	composed	compose	VERB
cjal-9190	705	19	of	of	ADP
cjal-9190	705	20	ccp	ccp	PROPN
cjal-9190	705	21	members.181	members.181	PROPN
cjal-9190	705	22	the	the	DET
cjal-9190	705	23	csrc	csrc	NOUN
cjal-9190	705	24	’s	’s	PART
cjal-9190	705	25	window	window	NOUN
cjal-9190	705	26	guidance	guidance	NOUN
cjal-9190	705	27	,	,	PUNCT
cjal-9190	705	28	combined	combine	VERB
cjal-9190	705	29	with	with	ADP
cjal-9190	705	30	its	its	PRON
cjal-9190	705	31	formal	formal	ADJ
cjal-9190	705	32	veto	veto	NOUN
cjal-9190	705	33	power	power	NOUN
cjal-9190	705	34	,	,	PUNCT
cjal-9190	705	35	suggests	suggest	VERB
cjal-9190	705	36	that	that	SCONJ
cjal-9190	705	37	idcs	idc	NOUN
cjal-9190	705	38	provide	provide	VERB
cjal-9190	705	39	a	a	DET
cjal-9190	705	40	conduit	conduit	NOUN
cjal-9190	705	41	for	for	SCONJ
cjal-9190	705	42	the	the	DET
cjal-9190	705	43	ccp	ccp	PROPN
cjal-9190	705	44	to	to	PART
cjal-9190	705	45	pressure	pressure	VERB
cjal-9190	705	46	poiis	poiis	ADV
cjal-9190	705	47	to	to	PART
cjal-9190	705	48	engage	engage	VERB
cjal-9190	705	49	in	in	ADP
cjal-9190	705	50	policy	policy	NOUN
cjal-9190	705	51	channeling.182	channeling.182	NOUN
cjal-9190	705	52	however	however	ADV
cjal-9190	705	53	,	,	PUNCT
cjal-9190	705	54	it	it	PRON
cjal-9190	705	55	must	must	AUX
cjal-9190	705	56	be	be	AUX
cjal-9190	705	57	noted	note	VERB
cjal-9190	705	58	that	that	SCONJ
cjal-9190	705	59	generally	generally	ADV
cjal-9190	705	60	speaking	speak	VERB
cjal-9190	705	61	,	,	PUNCT
cjal-9190	705	62	the	the	DET
cjal-9190	705	63	idc	idc	PROPN
cjal-9190	705	64	would	would	AUX
cjal-9190	705	65	not	not	PART
cjal-9190	705	66	interfere	interfere	VERB
cjal-9190	705	67	in	in	ADP
cjal-9190	705	68	the	the	DET
cjal-9190	705	69	day	day	NOUN
cjal-9190	705	70	-	-	PUNCT
cjal-9190	705	71	to	to	ADP
cjal-9190	705	72	-	-	PUNCT
cjal-9190	705	73	day	day	NOUN
cjal-9190	705	74	investment	investment	NOUN
cjal-9190	705	75	activities	activity	NOUN
cjal-9190	705	76	in	in	ADP
cjal-9190	705	77	the	the	DET
cjal-9190	705	78	sif	sif	NOUN
cjal-9190	705	79	,	,	PUNCT
cjal-9190	705	80	as	as	SCONJ
cjal-9190	705	81	it	it	PRON
cjal-9190	705	82	normally	normally	ADV
cjal-9190	705	83	delegates	delegate	VERB
cjal-9190	705	84	its	its	PRON
cjal-9190	705	85	authority	authority	NOUN
cjal-9190	705	86	over	over	ADP
cjal-9190	705	87	investment	investment	NOUN
cjal-9190	705	88	decisions	decision	NOUN
cjal-9190	705	89	to	to	ADP
cjal-9190	705	90	the	the	DET
cjal-9190	705	91	sif	sif	PROPN
cjal-9190	705	92	’s	’s	PART
cjal-9190	705	93	fund	fund	NOUN
cjal-9190	705	94	managers	manager	NOUN
cjal-9190	705	95	.	.	PUNCT
cjal-9190	706	1	183	183	NUM
cjal-9190	706	2	research	research	NOUN
cjal-9190	706	3	based	base	VERB
cjal-9190	706	4	on	on	ADP
cjal-9190	706	5	anonymous	anonymous	ADJ
cjal-9190	706	6	interviews	interview	NOUN
cjal-9190	706	7	with	with	ADP
cjal-9190	706	8	senior	senior	ADJ
cjal-9190	706	9	managers	manager	NOUN
cjal-9190	706	10	in	in	ADP
cjal-9190	706	11	sifs	sifs	PROPN
cjal-9190	706	12	suggests	suggest	VERB
cjal-9190	706	13	that	that	SCONJ
cjal-9190	706	14	under	under	ADP
cjal-9190	706	15	normal	normal	ADJ
cjal-9190	706	16	circumstances	circumstance	NOUN
cjal-9190	706	17	the	the	DET
cjal-9190	706	18	idc	idc	PROPN
cjal-9190	706	19	does	do	AUX
cjal-9190	706	20	not	not	PART
cjal-9190	706	21	intervene	intervene	VERB
cjal-9190	706	22	in	in	ADP
cjal-9190	706	23	decisions	decision	NOUN
cjal-9190	706	24	of	of	ADP
cjal-9190	706	25	fund	fund	NOUN
cjal-9190	706	26	managers	manager	NOUN
cjal-9190	706	27	with	with	ADP
cjal-9190	706	28	respect	respect	NOUN
cjal-9190	706	29	to	to	ADP
cjal-9190	706	30	what	what	DET
cjal-9190	706	31	stock	stock	NOUN
cjal-9190	706	32	they	they	PRON
cjal-9190	706	33	choose	choose	VERB
cjal-9190	706	34	to	to	PART
cjal-9190	706	35	purchase	purchase	VERB
cjal-9190	706	36	nor	nor	CCONJ
cjal-9190	706	37	in	in	ADP
cjal-9190	706	38	how	how	SCONJ
cjal-9190	706	39	fund	fund	NOUN
cjal-9190	706	40	managers	manager	NOUN
cjal-9190	706	41	choose	choose	VERB
cjal-9190	706	42	to	to	PART
cjal-9190	706	43	engage	engage	VERB
cjal-9190	706	44	in	in	ADP
cjal-9190	706	45	the	the	DET
cjal-9190	706	46	corporate	corporate	ADJ
cjal-9190	706	47	governance	governance	NOUN
cjal-9190	706	48	of	of	ADP
cjal-9190	706	49	investee	investee	NOUN
cjal-9190	706	50	companies.184	companies.184	VERB
cjal-9190	706	51	the	the	DET
cjal-9190	706	52	ccp	ccp	PROPN
cjal-9190	706	53	’s	’s	PART
cjal-9190	706	54	ability	ability	NOUN
cjal-9190	706	55	to	to	PART
cjal-9190	706	56	directly	directly	ADV
cjal-9190	706	57	control	control	VERB
cjal-9190	706	58	the	the	DET
cjal-9190	706	59	dayto	dayto	PROPN
cjal-9190	706	60	-	-	PUNCT
cjal-9190	706	61	day	day	NOUN
cjal-9190	706	62	investment	investment	NOUN
cjal-9190	706	63	activities	activity	NOUN
cjal-9190	706	64	in	in	ADP
cjal-9190	706	65	sifs	sifs	PROPN
cjal-9190	706	66	is	be	AUX
cjal-9190	706	67	limited	limit	VERB
cjal-9190	706	68	as	as	SCONJ
cjal-9190	706	69	fund	fund	NOUN
cjal-9190	706	70	managers	manager	NOUN
cjal-9190	706	71	are	be	AUX
cjal-9190	706	72	not	not	PART
cjal-9190	706	73	within	within	ADP
cjal-9190	706	74	the	the	DET
cjal-9190	706	75	list	list	NOUN
cjal-9190	706	76	of	of	ADP
cjal-9190	706	77	senior	senior	ADJ
cjal-9190	706	78	managers	manager	NOUN
cjal-9190	706	79	whose	whose	DET
cjal-9190	706	80	appointments	appointment	NOUN
cjal-9190	706	81	are	be	AUX
cjal-9190	706	82	subject	subject	ADJ
cjal-9190	706	83	to	to	ADP
cjal-9190	706	84	the	the	DET
cjal-9190	706	85	approval	approval	NOUN
cjal-9190	706	86	of	of	ADP
cjal-9190	706	87	the	the	DET
cjal-9190	706	88	csrc.185	csrc.185	NOUN
cjal-9190	706	89	however	however	ADV
cjal-9190	706	90	,	,	PUNCT
cjal-9190	706	91	as	as	SCONJ
cjal-9190	706	92	highlighted	highlight	VERB
cjal-9190	706	93	in	in	ADP
cjal-9190	706	94	part	part	NOUN
cjal-9190	706	95	iii	iii	NOUN
cjal-9190	706	96	,	,	PUNCT
cjal-9190	706	97	for	for	ADP
cjal-9190	706	98	the	the	DET
cjal-9190	706	99	purpose	purpose	NOUN
cjal-9190	706	100	of	of	ADP
cjal-9190	706	101	the	the	DET
cjal-9190	706	102	split	split	ADJ
cjal-9190	706	103	share	share	NOUN
cjal-9190	706	104	reform	reform	NOUN
cjal-9190	706	105	the	the	DET
cjal-9190	706	106	relevant	relevant	ADJ
cjal-9190	706	107	voting	voting	NOUN
cjal-9190	706	108	decision	decision	NOUN
cjal-9190	706	109	in	in	ADP
cjal-9190	706	110	investee	investee	NOUN
cjal-9190	706	111	companies	company	NOUN
cjal-9190	706	112	was	be	AUX
cjal-9190	706	113	reallocated	reallocate	VERB
cjal-9190	706	114	from	from	ADP
cjal-9190	706	115	fund	fund	NOUN
cjal-9190	706	116	managers	manager	NOUN
cjal-9190	706	117	to	to	ADP
cjal-9190	706	118	the	the	DET
cjal-9190	706	119	idc	idc	PROPN
cjal-9190	706	120	.	.	PUNCT
cjal-9190	707	1	this	this	PRON
cjal-9190	707	2	illustrates	illustrate	VERB
cjal-9190	707	3	how	how	SCONJ
cjal-9190	707	4	the	the	DET
cjal-9190	707	5	ccp	ccp	X
cjal-9190	707	6	can	can	AUX
cjal-9190	707	7	,	,	PUNCT
cjal-9190	707	8	and	and	CCONJ
cjal-9190	707	9	has	have	AUX
cjal-9190	707	10	,	,	PUNCT
cjal-9190	707	11	used	use	VERB
cjal-9190	707	12	its	its	PRON
cjal-9190	707	13	regulatory	regulatory	ADJ
cjal-9190	707	14	power	power	NOUN
cjal-9190	707	15	and	and	CCONJ
cjal-9190	707	16	indirect	indirect	ADJ
cjal-9190	707	17	control	control	NOUN
cjal-9190	707	18	over	over	ADP
cjal-9190	707	19	idcs	idc	NOUN
cjal-9190	707	20	to	to	PART
cjal-9190	707	21	engage	engage	VERB
cjal-9190	707	22	in	in	ADP
cjal-9190	707	23	policy	policy	NOUN
cjal-9190	707	24	channeling	channeling	NOUN
cjal-9190	707	25	.	.	PUNCT
cjal-9190	708	1	in	in	ADP
cjal-9190	708	2	addition	addition	NOUN
cjal-9190	708	3	,	,	PUNCT
cjal-9190	708	4	senior	senior	ADJ
cjal-9190	708	5	fund	fund	NOUN
cjal-9190	708	6	managers	manager	NOUN
cjal-9190	708	7	in	in	ADP
cjal-9190	708	8	sifs	sif	NOUN
cjal-9190	708	9	are	be	AUX
cjal-9190	708	10	licensed	license	VERB
cjal-9190	708	11	by	by	ADP
cjal-9190	708	12	the	the	DET
cjal-9190	708	13	securities	securities	PROPN
cjal-9190	708	14	association	association	PROPN
cjal-9190	708	15	of	of	ADP
cjal-9190	708	16	china	china	PROPN
cjal-9190	708	17	(	(	PUNCT
cjal-9190	708	18	sac	sac	NOUN
cjal-9190	708	19	)	)	PUNCT
cjal-9190	708	20	,	,	PUNCT
cjal-9190	708	21	which	which	PRON
cjal-9190	708	22	is	be	AUX
cjal-9190	708	23	a	a	DET
cjal-9190	708	24	non	non	ADJ
cjal-9190	708	25	-	-	ADJ
cjal-9190	708	26	profit	profit	ADJ
cjal-9190	708	27	organization	organization	NOUN
cjal-9190	708	28	under	under	ADP
cjal-9190	708	29	the	the	DET
cjal-9190	708	30	supervision	supervision	NOUN
cjal-9190	708	31	and	and	CCONJ
cjal-9190	708	32	guidance	guidance	NOUN
cjal-9190	708	33	of	of	ADP
cjal-9190	708	34	the	the	DET
cjal-9190	708	35	csrc.186	csrc.186	NOUN
cjal-9190	708	36	this	this	PRON
cjal-9190	708	37	provides	provide	VERB
cjal-9190	708	38	another	another	DET
cjal-9190	708	39	possible	possible	ADJ
cjal-9190	708	40	avenue	avenue	NOUN
cjal-9190	708	41	for	for	SCONJ
cjal-9190	708	42	the	the	DET
cjal-9190	708	43	ccp	ccp	PROPN
cjal-9190	708	44	to	to	PART
cjal-9190	708	45	exact	exact	VERB
cjal-9190	708	46	pressure	pressure	NOUN
cjal-9190	708	47	on	on	ADP
cjal-9190	708	48	poiis	poiis	NOUN
cjal-9190	708	49	for	for	ADP
cjal-9190	708	50	the	the	DET
cjal-9190	708	51	purpose	purpose	NOUN
cjal-9190	708	52	of	of	ADP
cjal-9190	708	53	policy	policy	NOUN
cjal-9190	708	54	channeling	channeling	NOUN
cjal-9190	708	55	,	,	PUNCT
cjal-9190	708	56	even	even	ADV
cjal-9190	708	57	when	when	SCONJ
cjal-9190	708	58	the	the	DET
cjal-9190	708	59	idc	idc	PROPN
cjal-9190	708	60	does	do	AUX
cjal-9190	708	61	not	not	PART
cjal-9190	708	62	interfere	interfere	VERB
cjal-9190	708	63	in	in	ADP
cjal-9190	708	64	the	the	DET
cjal-9190	708	65	decisions	decision	NOUN
cjal-9190	708	66	of	of	ADP
cjal-9190	708	67	fund	fund	NOUN
cjal-9190	708	68	managers	manager	NOUN
cjal-9190	708	69	.	.	PUNCT
cjal-9190	709	1	180	180	NUM
cjal-9190	709	2	cheng	cheng	PROPN
cjal-9190	709	3	,	,	PUNCT
cjal-9190	709	4	supra	supra	PROPN
cjal-9190	709	5	note157	note157	PROPN
cjal-9190	709	6	,	,	PUNCT
cjal-9190	709	7	at	at	ADP
cjal-9190	709	8	24	24	NUM
cjal-9190	709	9	-	-	SYM
cjal-9190	709	10	25	25	NUM
cjal-9190	709	11	.	.	PUNCT
cjal-9190	709	12	181	181	NUM
cjal-9190	709	13	firth	firth	PROPN
cjal-9190	709	14	et	et	PROPN
cjal-9190	709	15	al	al	PROPN
cjal-9190	709	16	.	.	PROPN
cjal-9190	709	17	,	,	PUNCT
cjal-9190	709	18	supra	supra	PROPN
cjal-9190	709	19	note	note	PROPN
cjal-9190	709	20	109	109	NUM
cjal-9190	709	21	,	,	PUNCT
cjal-9190	709	22	at	at	ADP
cjal-9190	709	23	693	693	NUM
cjal-9190	709	24	.	.	NOUN
cjal-9190	709	25	182	182	NUM
cjal-9190	709	26	mo	mo	PROPN
cjal-9190	709	27	shensheng	shensheng	PROPN
cjal-9190	709	28	,	,	PUNCT
cjal-9190	709	29	(	(	PUNCT
cjal-9190	709	30	莫中生	莫中生	PROPN
cjal-9190	709	31	)	)	PUNCT
cjal-9190	709	32	,	,	PUNCT
cjal-9190	709	33	financial	financial	ADJ
cjal-9190	709	34	restructuring	restructuring	NOUN
cjal-9190	709	35	and	and	CCONJ
cjal-9190	709	36	economic	economic	ADJ
cjal-9190	709	37	development	development	NOUN
cjal-9190	709	38	in	in	ADP
cjal-9190	709	39	china	china	PROPN
cjal-9190	709	40	from	from	ADP
cjal-9190	709	41	the	the	DET
cjal-9190	709	42	perspective	perspective	NOUN
cjal-9190	709	43	of	of	ADP
cjal-9190	709	44	institutional	institutional	ADJ
cjal-9190	709	45	arrangement	arrangement	NOUN
cjal-9190	709	46	(	(	PUNCT
cjal-9190	709	47	制度安排视角下的中	制度安排视角下的中	ADJ
cjal-9190	709	48	国金融结构调整与经济发展	国金融结构调整与经济发展	NOUN
cjal-9190	709	49	)	)	PUNCT
cjal-9190	709	50	(	(	PUNCT
cjal-9190	709	51	ph.d	ph.d	PROPN
cjal-9190	709	52	.	.	PUNCT
cjal-9190	709	53	dissertation	dissertation	NOUN
cjal-9190	709	54	,	,	PUNCT
cjal-9190	709	55	zhejiang	zhejiang	PROPN
cjal-9190	709	56	university	university	PROPN
cjal-9190	709	57	)	)	PUNCT
cjal-9190	709	58	(	(	PUNCT
cjal-9190	709	59	2014	2014	NUM
cjal-9190	709	60	)	)	PUNCT
cjal-9190	709	61	)	)	PUNCT
cjal-9190	709	62	.	.	PUNCT
cjal-9190	710	1	183	183	NUM
cjal-9190	710	2	cheng	cheng	PROPN
cjal-9190	710	3	,	,	PUNCT
cjal-9190	710	4	supra	supra	PROPN
cjal-9190	710	5	note	note	PROPN
cjal-9190	710	6	157	157	NUM
cjal-9190	710	7	,	,	PUNCT
cjal-9190	710	8	at	at	ADP
cjal-9190	710	9	26	26	NUM
cjal-9190	710	10	;	;	PUNCT
cjal-9190	710	11	.	.	PUNCT
cjal-9190	711	1	see	see	VERB
cjal-9190	711	2	zhengquan	zhengquan	PROPN
cjal-9190	711	3	touzi	touzi	PROPN
cjal-9190	711	4	jijin	jijin	PROPN
cjal-9190	711	5	guanli	guanli	PROPN
cjal-9190	711	6	gongsi	gongsi	PROPN
cjal-9190	711	7	gongping	gongpe	VERB
cjal-9190	711	8	jiaoyi	jiaoyi	PROPN
cjal-9190	711	9	zhidu	zhidu	PROPN
cjal-9190	711	10	zhidao	zhidao	PROPN
cjal-9190	711	11	yijian	yijian	PROPN
cjal-9190	711	12	(	(	PUNCT
cjal-9190	711	13	证券投资基金管理公司公平交易制度指导	证券投资基金管理公司公平交易制度指导	ADJ
cjal-9190	711	14	意见	意见	NOUN
cjal-9190	711	15	)	)	PUNCT
cjal-9190	712	1	[	[	X
cjal-9190	712	2	guiding	guide	VERB
cjal-9190	712	3	opinions	opinion	NOUN
cjal-9190	712	4	on	on	ADP
cjal-9190	712	5	the	the	DET
cjal-9190	712	6	fair	fair	ADJ
cjal-9190	712	7	trade	trade	NOUN
cjal-9190	712	8	rules	rule	NOUN
cjal-9190	712	9	for	for	ADP
cjal-9190	712	10	securities	security	NOUN
cjal-9190	712	11	investment	investment	NOUN
cjal-9190	712	12	fund	fund	NOUN
cjal-9190	712	13	management	management	NOUN
cjal-9190	712	14	companies	company	NOUN
cjal-9190	712	15	]	]	PUNCT
cjal-9190	712	16	(	(	PUNCT
cjal-9190	712	17	promulgated	promulgate	VERB
cjal-9190	712	18	by	by	ADP
cjal-9190	712	19	the	the	DET
cjal-9190	712	20	sec	sec	PROPN
cjal-9190	712	21	.	.	PUNCT
cjal-9190	712	22	regulatory	regulatory	ADJ
cjal-9190	712	23	comm’n	comm’n	NOUN
cjal-9190	712	24	,	,	PUNCT
cjal-9190	712	25	aug	aug	PROPN
cjal-9190	712	26	.	.	PROPN
cjal-9190	712	27	3	3	NUM
cjal-9190	712	28	,	,	PUNCT
cjal-9190	712	29	2011	2011	NUM
cjal-9190	712	30	,	,	PUNCT
cjal-9190	712	31	effective	effective	ADJ
cjal-9190	712	32	aug	aug	PROPN
cjal-9190	712	33	.	.	PROPN
cjal-9190	712	34	3	3	NUM
cjal-9190	712	35	,	,	PUNCT
cjal-9190	712	36	2011	2011	NUM
cjal-9190	712	37	)	)	PUNCT
cjal-9190	712	38	available	available	ADJ
cjal-9190	712	39	at	at	ADP
cjal-9190	712	40	https://plus.lexis.com/api/permalink/7630d5ba-a79e-4042-b5a6b99c1368be2f/?context=1530671	https://plus.lexis.com/api/permalink/7630d5ba-a79e-4042-b5a6b99c1368be2f/?context=1530671	PROPN
cjal-9190	712	41	.	.	PUNCT
cjal-9190	713	1	184	184	NUM
cjal-9190	713	2	cheng	cheng	PROPN
cjal-9190	713	3	,	,	PUNCT
cjal-9190	713	4	supra	supra	PROPN
cjal-9190	713	5	note	note	PROPN
cjal-9190	713	6	157	157	NUM
cjal-9190	713	7	,	,	PUNCT
cjal-9190	713	8	at	at	ADP
cjal-9190	713	9	26	26	NUM
cjal-9190	713	10	.	.	PUNCT
cjal-9190	714	1	telephone	telephone	NOUN
cjal-9190	714	2	interview	interview	NOUN
cjal-9190	714	3	with	with	ADP
cjal-9190	714	4	mr	mr	PROPN
cjal-9190	714	5	.	.	PROPN
cjal-9190	714	6	z	z	PROPN
cjal-9190	714	7	,	,	PUNCT
cjal-9190	714	8	fund	fund	NOUN
cjal-9190	714	9	manager	manager	NOUN
cjal-9190	714	10	,	,	PUNCT
cjal-9190	714	11	china	china	PROPN
cjal-9190	714	12	international	international	PROPN
cjal-9190	714	13	capital	capital	PROPN
cjal-9190	714	14	corporation	corporation	PROPN
cjal-9190	714	15	limited	limit	VERB
cjal-9190	714	16	(	(	PUNCT
cjal-9190	714	17	may	may	PROPN
cjal-9190	714	18	26	26	NUM
cjal-9190	714	19	,	,	PUNCT
cjal-9190	714	20	2020	2020	NUM
cjal-9190	714	21	)	)	PUNCT
cjal-9190	714	22	.	.	PUNCT
cjal-9190	715	1	telephone	telephone	NOUN
cjal-9190	715	2	interview	interview	NOUN
cjal-9190	715	3	with	with	ADP
cjal-9190	715	4	ms	ms	PROPN
cjal-9190	715	5	.	.	PROPN
cjal-9190	715	6	x	x	PROPN
cjal-9190	715	7	,	,	PUNCT
cjal-9190	715	8	legal	legal	ADJ
cjal-9190	715	9	counsel	counsel	NOUN
cjal-9190	715	10	,	,	PUNCT
cjal-9190	715	11	china	china	PROPN
cjal-9190	715	12	international	international	PROPN
cjal-9190	715	13	capital	capital	PROPN
cjal-9190	715	14	corporation	corporation	PROPN
cjal-9190	715	15	limited	limit	VERB
cjal-9190	715	16	(	(	PUNCT
cjal-9190	715	17	mar	mar	PROPN
cjal-9190	715	18	.	.	PROPN
cjal-9190	715	19	3	3	NUM
cjal-9190	715	20	,	,	PUNCT
cjal-9190	715	21	2021	2021	NUM
cjal-9190	715	22	)	)	PUNCT
cjal-9190	715	23	.	.	PUNCT
cjal-9190	716	1	telephone	telephone	NOUN
cjal-9190	716	2	interview	interview	NOUN
cjal-9190	716	3	with	with	ADP
cjal-9190	716	4	mr	mr	PROPN
cjal-9190	716	5	.	.	PROPN
cjal-9190	716	6	y	y	PROPN
cjal-9190	716	7	,	,	PUNCT
cjal-9190	716	8	fund	fund	NOUN
cjal-9190	716	9	manager	manager	NOUN
cjal-9190	716	10	,	,	PUNCT
cjal-9190	716	11	gf	gf	PROPN
cjal-9190	716	12	securities	security	NOUN
cjal-9190	716	13	(	(	PUNCT
cjal-9190	716	14	mar	mar	PROPN
cjal-9190	716	15	.	.	PROPN
cjal-9190	716	16	18	18	NUM
cjal-9190	716	17	,	,	PUNCT
cjal-9190	716	18	2021	2021	NUM
cjal-9190	716	19	)	)	PUNCT
cjal-9190	716	20	(	(	PUNCT
cjal-9190	716	21	on	on	ADP
cjal-9190	716	22	file	file	NOUN
cjal-9190	716	23	with	with	ADP
cjal-9190	716	24	author	author	NOUN
cjal-9190	716	25	)	)	PUNCT
cjal-9190	716	26	.	.	PUNCT
cjal-9190	717	1	telephone	telephone	NOUN
cjal-9190	717	2	interview	interview	NOUN
cjal-9190	717	3	ms	ms	PROPN
cjal-9190	717	4	.	.	PROPN
cjal-9190	717	5	c	c	PROPN
cjal-9190	717	6	,	,	PUNCT
cjal-9190	717	7	legal	legal	ADJ
cjal-9190	717	8	counsel	counsel	NOUN
cjal-9190	717	9	,	,	PUNCT
cjal-9190	717	10	dbs	dbs	PROPN
cjal-9190	717	11	securities	securities	PROPN
cjal-9190	717	12	(	(	PUNCT
cjal-9190	717	13	china	china	PROPN
cjal-9190	717	14	)	)	PUNCT
cjal-9190	717	15	(	(	PUNCT
cjal-9190	717	16	mar	mar	PROPN
cjal-9190	717	17	.	.	PROPN
cjal-9190	717	18	31	31	NUM
cjal-9190	717	19	,	,	PUNCT
cjal-9190	717	20	2021	2021	NUM
cjal-9190	717	21	)	)	PUNCT
cjal-9190	717	22	.	.	PUNCT
cjal-9190	718	1	telephone	telephone	NOUN
cjal-9190	718	2	interview	interview	NOUN
cjal-9190	718	3	with	with	ADP
cjal-9190	718	4	ms	ms	PROPN
cjal-9190	718	5	.	.	PROPN
cjal-9190	718	6	j	j	PROPN
cjal-9190	718	7	,	,	PUNCT
cjal-9190	718	8	senior	senior	ADJ
cjal-9190	718	9	manager	manager	NOUN
cjal-9190	718	10	,	,	PUNCT
cjal-9190	718	11	cms	cms	PROPN
cjal-9190	718	12	(	(	PUNCT
cjal-9190	718	13	shanghai	shanghai	PROPN
cjal-9190	718	14	)	)	PUNCT
cjal-9190	718	15	(	(	PUNCT
cjal-9190	718	16	mar	mar	PROPN
cjal-9190	718	17	.	.	PROPN
cjal-9190	718	18	30	30	NUM
cjal-9190	718	19	,	,	PUNCT
cjal-9190	718	20	2021	2021	NUM
cjal-9190	718	21	)	)	PUNCT
cjal-9190	718	22	.	.	PUNCT
cjal-9190	719	1	185	185	NUM
cjal-9190	719	2	cheng	cheng	PROPN
cjal-9190	719	3	,	,	PUNCT
cjal-9190	719	4	supra	supra	PROPN
cjal-9190	719	5	note	note	PROPN
cjal-9190	719	6	157	157	NUM
cjal-9190	719	7	,	,	PUNCT
cjal-9190	719	8	at	at	ADP
cjal-9190	719	9	24	24	NUM
cjal-9190	719	10	.	.	PUNCT
cjal-9190	720	1	186	186	NUM
cjal-9190	720	2	cheng	cheng	PROPN
cjal-9190	720	3	,	,	PUNCT
cjal-9190	720	4	supra	supra	PROPN
cjal-9190	720	5	note	note	PROPN
cjal-9190	720	6	157	157	NUM
cjal-9190	720	7	,	,	PUNCT
cjal-9190	720	8	at	at	ADP
cjal-9190	720	9	26	26	NUM
cjal-9190	720	10	.	.	PUNCT
cjal-9190	720	11	2022	2022	NUM
cjal-9190	720	12	]	]	PUNCT
cjal-9190	720	13	columbia	columbia	PROPN
cjal-9190	720	14	journal	journal	PROPN
cjal-9190	720	15	of	of	ADP
cjal-9190	720	16	asian	asian	ADJ
cjal-9190	720	17	law	law	PROPN
cjal-9190	720	18	129	129	NUM
cjal-9190	720	19	the	the	DET
cjal-9190	720	20	third	third	ADJ
cjal-9190	720	21	category	category	NOUN
cjal-9190	720	22	is	be	AUX
cjal-9190	720	23	foreign	foreign	ADJ
cjal-9190	720	24	-	-	PUNCT
cjal-9190	720	25	owned	own	VERB
cjal-9190	720	26	institutional	institutional	ADJ
cjal-9190	720	27	investors	investor	NOUN
cjal-9190	720	28	(	(	PUNCT
cjal-9190	720	29	foiis	foiis	PROPN
cjal-9190	720	30	)	)	PUNCT
cjal-9190	720	31	,	,	PUNCT
cjal-9190	720	32	which	which	PRON
cjal-9190	720	33	includes	include	VERB
cjal-9190	720	34	all	all	DET
cjal-9190	720	35	qfiis	qfiis	NOUN
cjal-9190	720	36	and	and	CCONJ
cjal-9190	720	37	the	the	DET
cjal-9190	720	38	other	other	ADJ
cjal-9190	720	39	foreign	foreign	ADJ
cjal-9190	720	40	institutional	institutional	ADJ
cjal-9190	720	41	investors	investor	NOUN
cjal-9190	720	42	described	describe	VERB
cjal-9190	720	43	in	in	ADP
cjal-9190	720	44	part	part	PROPN
cjal-9190	720	45	ii	ii	PROPN
cjal-9190	720	46	.	.	PUNCT
cjal-9190	721	1	as	as	SCONJ
cjal-9190	721	2	mentioned	mention	VERB
cjal-9190	721	3	above	above	ADV
cjal-9190	721	4	,	,	PUNCT
cjal-9190	721	5	there	there	PRON
cjal-9190	721	6	is	be	VERB
cjal-9190	721	7	no	no	DET
cjal-9190	721	8	evidence	evidence	NOUN
cjal-9190	721	9	that	that	SCONJ
cjal-9190	721	10	the	the	DET
cjal-9190	721	11	ccp	ccp	PROPN
cjal-9190	721	12	uses	use	VERB
cjal-9190	721	13	foiis	foiis	PROPN
cjal-9190	721	14	as	as	ADP
cjal-9190	721	15	a	a	DET
cjal-9190	721	16	mechanism	mechanism	NOUN
cjal-9190	721	17	for	for	ADP
cjal-9190	721	18	policy	policy	NOUN
cjal-9190	721	19	channeling	channeling	NOUN
cjal-9190	721	20	.	.	PUNCT
cjal-9190	722	1	the	the	DET
cjal-9190	722	2	senior	senior	ADJ
cjal-9190	722	3	managers	manager	NOUN
cjal-9190	722	4	of	of	ADP
cjal-9190	722	5	foiis	foiis	PROPN
cjal-9190	722	6	are	be	AUX
cjal-9190	722	7	not	not	PART
cjal-9190	722	8	required	require	VERB
cjal-9190	722	9	to	to	PART
cjal-9190	722	10	seek	seek	VERB
cjal-9190	722	11	the	the	DET
cjal-9190	722	12	approval	approval	NOUN
cjal-9190	722	13	of	of	ADP
cjal-9190	722	14	the	the	DET
cjal-9190	722	15	csrc	csrc	NOUN
cjal-9190	722	16	.	.	PUNCT
cjal-9190	723	1	187	187	NUM
cjal-9190	724	1	moreover	moreover	ADV
cjal-9190	724	2	,	,	PUNCT
cjal-9190	724	3	the	the	DET
cjal-9190	724	4	person	person	NOUN
cjal-9190	724	5	in	in	ADP
cjal-9190	724	6	charge	charge	NOUN
cjal-9190	724	7	of	of	ADP
cjal-9190	724	8	the	the	DET
cjal-9190	724	9	qfii	qfii	NOUN
cjal-9190	724	10	’s	’s	PART
cjal-9190	724	11	chinese	chinese	ADJ
cjal-9190	724	12	investments	investment	NOUN
cjal-9190	724	13	does	do	AUX
cjal-9190	724	14	not	not	PART
cjal-9190	724	15	have	have	VERB
cjal-9190	724	16	to	to	PART
cjal-9190	724	17	meet	meet	VERB
cjal-9190	724	18	the	the	DET
cjal-9190	724	19	licensing	licensing	NOUN
cjal-9190	724	20	requirements	requirement	NOUN
cjal-9190	724	21	of	of	ADP
cjal-9190	724	22	the	the	DET
cjal-9190	724	23	sac	sac	NOUN
cjal-9190	724	24	,	,	PUNCT
cjal-9190	724	25	the	the	DET
cjal-9190	724	26	only	only	ADJ
cjal-9190	724	27	requirement	requirement	NOUN
cjal-9190	724	28	is	be	AUX
cjal-9190	724	29	for	for	SCONJ
cjal-9190	724	30	them	they	PRON
cjal-9190	724	31	to	to	PART
cjal-9190	724	32	meet	meet	VERB
cjal-9190	724	33	the	the	DET
cjal-9190	724	34	qualifications	qualification	NOUN
cjal-9190	724	35	for	for	ADP
cjal-9190	724	36	investment	investment	NOUN
cjal-9190	724	37	professionals	professional	NOUN
cjal-9190	724	38	in	in	ADP
cjal-9190	724	39	their	their	PRON
cjal-9190	724	40	respective	respective	ADJ
cjal-9190	724	41	home	home	NOUN
cjal-9190	724	42	jurisdictions.188	jurisdictions.188	PROPN
cjal-9190	724	43	as	as	ADP
cjal-9190	724	44	such	such	ADJ
cjal-9190	724	45	,	,	PUNCT
cjal-9190	724	46	with	with	ADP
cjal-9190	724	47	respect	respect	NOUN
cjal-9190	724	48	to	to	ADP
cjal-9190	724	49	foiis	foiis	NOUN
cjal-9190	724	50	the	the	DET
cjal-9190	724	51	ccp	ccp	PROPN
cjal-9190	724	52	lacks	lack	VERB
cjal-9190	724	53	the	the	DET
cjal-9190	724	54	direct	direct	ADJ
cjal-9190	724	55	channels	channel	NOUN
cjal-9190	724	56	of	of	ADP
cjal-9190	724	57	authority	authority	NOUN
cjal-9190	724	58	it	it	PRON
cjal-9190	724	59	has	have	VERB
cjal-9190	724	60	over	over	ADP
cjal-9190	724	61	soiis	soiis	NOUN
cjal-9190	724	62	and	and	CCONJ
cjal-9190	724	63	the	the	DET
cjal-9190	724	64	indirect	indirect	ADJ
cjal-9190	724	65	channels	channel	NOUN
cjal-9190	724	66	for	for	ADP
cjal-9190	724	67	window	window	NOUN
cjal-9190	724	68	guidance	guidance	NOUN
cjal-9190	724	69	it	it	PRON
cjal-9190	724	70	has	have	AUX
cjal-9190	724	71	over	over	ADP
cjal-9190	724	72	poiis	poiis	ADJ
cjal-9190	724	73	,	,	PUNCT
cjal-9190	724	74	leaving	leave	VERB
cjal-9190	724	75	foiis	foiis	NOUN
cjal-9190	724	76	considerably	considerably	ADV
cjal-9190	724	77	more	more	ADV
cjal-9190	724	78	insulated	insulated	ADJ
cjal-9190	724	79	from	from	ADP
cjal-9190	724	80	the	the	DET
cjal-9190	724	81	primary	primary	ADJ
cjal-9190	724	82	mechanisms	mechanism	NOUN
cjal-9190	724	83	that	that	PRON
cjal-9190	724	84	the	the	DET
cjal-9190	724	85	ccp	ccp	PROPN
cjal-9190	724	86	uses	use	VERB
cjal-9190	724	87	to	to	PART
cjal-9190	724	88	engage	engage	VERB
cjal-9190	724	89	in	in	ADP
cjal-9190	724	90	policy	policy	NOUN
cjal-9190	724	91	channeling	channeling	NOUN
cjal-9190	724	92	,	,	PUNCT
cjal-9190	724	93	which	which	PRON
cjal-9190	724	94	may	may	AUX
cjal-9190	724	95	provide	provide	VERB
cjal-9190	724	96	one	one	NUM
cjal-9190	724	97	reason	reason	NOUN
cjal-9190	724	98	for	for	ADP
cjal-9190	724	99	the	the	DET
cjal-9190	724	100	empirical	empirical	ADJ
cjal-9190	724	101	evidence	evidence	NOUN
cjal-9190	724	102	in	in	ADP
cjal-9190	724	103	part	part	NOUN
cjal-9190	724	104	iii	iii	NUM
cjal-9190	724	105	that	that	SCONJ
cjal-9190	724	106	they	they	PRON
cjal-9190	724	107	improve	improve	VERB
cjal-9190	724	108	corporate	corporate	ADJ
cjal-9190	724	109	governance	governance	NOUN
cjal-9190	724	110	in	in	ADP
cjal-9190	724	111	their	their	PRON
cjal-9190	724	112	investee	investee	NOUN
cjal-9190	724	113	companies	company	NOUN
cjal-9190	724	114	.	.	PUNCT
cjal-9190	725	1	however	however	ADV
cjal-9190	725	2	,	,	PUNCT
cjal-9190	725	3	based	base	VERB
cjal-9190	725	4	on	on	ADP
cjal-9190	725	5	the	the	DET
cjal-9190	725	6	evidence	evidence	NOUN
cjal-9190	725	7	concerning	concern	VERB
cjal-9190	725	8	foiis	foiis	NOUN
cjal-9190	725	9	in	in	ADP
cjal-9190	725	10	part	part	PROPN
cjal-9190	725	11	ii	ii	PROPN
cjal-9190	725	12	,	,	PUNCT
cjal-9190	725	13	it	it	PRON
cjal-9190	725	14	could	could	AUX
cjal-9190	725	15	be	be	AUX
cjal-9190	725	16	argued	argue	VERB
cjal-9190	725	17	that	that	SCONJ
cjal-9190	725	18	by	by	ADP
cjal-9190	725	19	strategically	strategically	ADV
cjal-9190	725	20	capping	cap	VERB
cjal-9190	725	21	the	the	DET
cjal-9190	725	22	total	total	ADJ
cjal-9190	725	23	amount	amount	NOUN
cjal-9190	725	24	of	of	ADP
cjal-9190	725	25	investment	investment	NOUN
cjal-9190	725	26	by	by	ADP
cjal-9190	725	27	foiis	foiis	NOUN
cjal-9190	725	28	and	and	CCONJ
cjal-9190	725	29	their	their	PRON
cjal-9190	725	30	ability	ability	NOUN
cjal-9190	725	31	to	to	PART
cjal-9190	725	32	purchase	purchase	VERB
cjal-9190	725	33	a	a	DET
cjal-9190	725	34	controlling	control	VERB
cjal-9190	725	35	shareholder	shareholder	NOUN
cjal-9190	725	36	stake	stake	NOUN
cjal-9190	725	37	in	in	ADP
cjal-9190	725	38	a	a	DET
cjal-9190	725	39	-	-	PUNCT
cjal-9190	725	40	shares	share	NOUN
cjal-9190	725	41	companies	company	NOUN
cjal-9190	725	42	,	,	PUNCT
cjal-9190	725	43	the	the	DET
cjal-9190	725	44	ccp	ccp	PROPN
cjal-9190	725	45	has	have	AUX
cjal-9190	725	46	ensured	ensure	VERB
cjal-9190	725	47	that	that	SCONJ
cjal-9190	725	48	foiis	foiis	PROPN
cjal-9190	725	49	will	will	AUX
cjal-9190	725	50	not	not	PART
cjal-9190	725	51	be	be	AUX
cjal-9190	725	52	major	major	ADJ
cjal-9190	725	53	players	player	NOUN
cjal-9190	725	54	in	in	ADP
cjal-9190	725	55	the	the	DET
cjal-9190	725	56	a	a	DET
cjal-9190	725	57	-	-	PUNCT
cjal-9190	725	58	shares	share	NOUN
cjal-9190	725	59	market	market	NOUN
cjal-9190	725	60	.	.	PUNCT
cjal-9190	726	1	despite	despite	SCONJ
cjal-9190	726	2	the	the	DET
cjal-9190	726	3	recent	recent	ADJ
cjal-9190	726	4	relaxation	relaxation	NOUN
cjal-9190	726	5	of	of	ADP
cjal-9190	726	6	these	these	DET
cjal-9190	726	7	restrictions	restriction	NOUN
cjal-9190	726	8	,	,	PUNCT
cjal-9190	726	9	there	there	PRON
cjal-9190	726	10	is	be	VERB
cjal-9190	726	11	no	no	DET
cjal-9190	726	12	evidence	evidence	NOUN
cjal-9190	726	13	that	that	SCONJ
cjal-9190	726	14	the	the	DET
cjal-9190	726	15	irrelevance	irrelevance	NOUN
cjal-9190	726	16	of	of	ADP
cjal-9190	726	17	foiis	foiis	NOUN
cjal-9190	726	18	in	in	ADP
cjal-9190	726	19	policy	policy	NOUN
cjal-9190	726	20	channeling	channeling	NOUN
cjal-9190	726	21	will	will	AUX
cjal-9190	726	22	change	change	VERB
cjal-9190	726	23	in	in	ADP
cjal-9190	726	24	the	the	DET
cjal-9190	726	25	foreseeable	foreseeable	ADJ
cjal-9190	726	26	future	future	NOUN
cjal-9190	726	27	.	.	PUNCT
cjal-9190	727	1	this	this	PRON
cjal-9190	727	2	comports	comport	VERB
cjal-9190	727	3	with	with	ADP
cjal-9190	727	4	the	the	DET
cjal-9190	727	5	observation	observation	NOUN
cjal-9190	727	6	made	make	VERB
cjal-9190	727	7	in	in	ADP
cjal-9190	727	8	part	part	NOUN
cjal-9190	727	9	iii	iii	NOUN
cjal-9190	727	10	that	that	SCONJ
cjal-9190	727	11	activist	activist	ADJ
cjal-9190	727	12	campaigns	campaign	NOUN
cjal-9190	727	13	by	by	ADP
cjal-9190	727	14	foiis	foiis	PROPN
cjal-9190	727	15	are	be	AUX
cjal-9190	727	16	extremely	extremely	ADV
cjal-9190	727	17	rare	rare	ADJ
cjal-9190	727	18	.	.	PUNCT
cjal-9190	728	1	c.	c.	PROPN
cjal-9190	728	2	day	day	PROPN
cjal-9190	728	3	-	-	PUNCT
cjal-9190	728	4	to	to	ADP
cjal-9190	728	5	-	-	PUNCT
cjal-9190	728	6	day	day	NOUN
cjal-9190	728	7	corporate	corporate	ADJ
cjal-9190	728	8	governance	governance	NOUN
cjal-9190	728	9	function	function	NOUN
cjal-9190	728	10	of	of	ADP
cjal-9190	728	11	institutional	institutional	ADJ
cjal-9190	728	12	investors	investor	NOUN
cjal-9190	728	13	in	in	ADP
cjal-9190	728	14	china	china	PROPN
cjal-9190	728	15	187	187	NUM
cjal-9190	728	16	see	see	VERB
cjal-9190	728	17	hege	hege	NOUN
cjal-9190	728	18	jingwai	jingwai	PROPN
cjal-9190	728	19	jigou	jigou	PROPN
cjal-9190	728	20	touzizhe	touzizhe	ADV
cjal-9190	728	21	he	he	PRON
cjal-9190	728	22	renminbi	renminbi	PROPN
cjal-9190	728	23	hege	hege	PROPN
cjal-9190	728	24	jingwai	jingwai	PROPN
cjal-9190	728	25	jigou	jigou	PROPN
cjal-9190	728	26	touzizhe	touzizhe	PROPN
cjal-9190	728	27	jingnei	jingnei	VERB
cjal-9190	728	28	zhengquan	zhengquan	PROPN
cjal-9190	728	29	qihuo	qihuo	PROPN
cjal-9190	728	30	touzi	touzi	PROPN
cjal-9190	728	31	guanli	guanli	PROPN
cjal-9190	728	32	banfa	banfa	PROPN
cjal-9190	728	33	(	(	PUNCT
cjal-9190	728	34	合格境外机构投资者和人民币合	合格境外机构投资者和人民币合	NOUN
cjal-9190	728	35	格境外机构投资者境内证券期货投资管理办法	格境外机构投资者境内证券期货投资管理办法	NOUN
cjal-9190	728	36	)	)	PUNCT
cjal-9190	729	1	[	[	X
cjal-9190	729	2	the	the	DET
cjal-9190	729	3	administrative	administrative	ADJ
cjal-9190	729	4	measures	measure	NOUN
cjal-9190	729	5	for	for	ADP
cjal-9190	729	6	securities	security	NOUN
cjal-9190	729	7	and	and	CCONJ
cjal-9190	729	8	futures	future	NOUN
cjal-9190	729	9	investment	investment	NOUN
cjal-9190	729	10	made	make	VERB
cjal-9190	729	11	in	in	ADP
cjal-9190	729	12	china	china	PROPN
cjal-9190	729	13	by	by	ADP
cjal-9190	729	14	qualified	qualified	ADJ
cjal-9190	729	15	foreign	foreign	ADJ
cjal-9190	729	16	institutional	institutional	ADJ
cjal-9190	729	17	investors	investor	NOUN
cjal-9190	729	18	and	and	CCONJ
cjal-9190	729	19	rmb	rmb	VERB
cjal-9190	729	20	qualified	qualified	ADJ
cjal-9190	729	21	foreign	foreign	ADJ
cjal-9190	729	22	institutional	institutional	ADJ
cjal-9190	729	23	investors	investor	NOUN
cjal-9190	729	24	]	]	PUNCT
cjal-9190	729	25	(	(	PUNCT
cjal-9190	729	26	promulgated	promulgate	VERB
cjal-9190	729	27	by	by	ADP
cjal-9190	729	28	the	the	DET
cjal-9190	729	29	sec	sec	PROPN
cjal-9190	729	30	.	.	PUNCT
cjal-9190	730	1	regulation	regulation	NOUN
cjal-9190	730	2	comm’n	comm’n	NOUN
cjal-9190	730	3	,	,	PUNCT
cjal-9190	730	4	people	people	NOUN
cjal-9190	730	5	’s	’s	PART
cjal-9190	730	6	bank	bank	PROPN
cjal-9190	730	7	of	of	ADP
cjal-9190	730	8	china	china	PROPN
cjal-9190	730	9	,	,	PUNCT
cjal-9190	730	10	and	and	CCONJ
cjal-9190	730	11	state	state	NOUN
cjal-9190	730	12	admin	admin	PROPN
cjal-9190	730	13	.	.	PUNCT
cjal-9190	730	14	of	of	ADP
cjal-9190	730	15	foreign	foreign	ADJ
cjal-9190	730	16	exchange	exchange	NOUN
cjal-9190	730	17	,	,	PUNCT
cjal-9190	730	18	sept	sept	PROPN
cjal-9190	730	19	.	.	PROPN
cjal-9190	730	20	25	25	NUM
cjal-9190	730	21	,	,	PUNCT
cjal-9190	730	22	2020	2020	NUM
cjal-9190	730	23	,	,	PUNCT
cjal-9190	730	24	effective	effective	ADJ
cjal-9190	730	25	nov	nov	PROPN
cjal-9190	730	26	.	.	PROPN
cjal-9190	730	27	1	1	NUM
cjal-9190	730	28	,	,	PUNCT
cjal-9190	730	29	2020	2020	NUM
cjal-9190	730	30	)	)	PUNCT
cjal-9190	730	31	art	art	NOUN
cjal-9190	730	32	.	.	PUNCT
cjal-9190	731	1	6	6	NUM
cjal-9190	731	2	:	:	PUNCT
cjal-9190	731	3	whoever	whoever	PRON
cjal-9190	731	4	applies	apply	VERB
cjal-9190	731	5	for	for	ADP
cjal-9190	731	6	the	the	DET
cjal-9190	731	7	qualification	qualification	NOUN
cjal-9190	731	8	as	as	ADP
cjal-9190	731	9	a	a	DET
cjal-9190	731	10	qualified	qualified	ADJ
cjal-9190	731	11	foreign	foreign	ADJ
cjal-9190	731	12	investor	investor	NOUN
cjal-9190	731	13	shall	shall	AUX
cjal-9190	731	14	meet	meet	VERB
cjal-9190	731	15	the	the	DET
cjal-9190	731	16	following	following	ADJ
cjal-9190	731	17	conditions	condition	NOUN
cjal-9190	731	18	:	:	PUNCT
cjal-9190	731	19	…	…	PUNCT
cjal-9190	731	20	(	(	PUNCT
cjal-9190	731	21	2	2	X
cjal-9190	731	22	)	)	PUNCT
cjal-9190	731	23	the	the	DET
cjal-9190	731	24	principal	principal	ADJ
cjal-9190	731	25	person	person	NOUN
cjal-9190	731	26	in	in	ADP
cjal-9190	731	27	charge	charge	NOUN
cjal-9190	731	28	of	of	ADP
cjal-9190	731	29	its	its	PRON
cjal-9190	731	30	investment	investment	NOUN
cjal-9190	731	31	in	in	ADP
cjal-9190	731	32	china	china	PROPN
cjal-9190	731	33	satisfies	satisfy	VERB
cjal-9190	731	34	the	the	DET
cjal-9190	731	35	relevant	relevant	ADJ
cjal-9190	731	36	requirements	requirement	NOUN
cjal-9190	731	37	for	for	ADP
cjal-9190	731	38	practicing	practice	VERB
cjal-9190	731	39	qualifications	qualification	NOUN
cjal-9190	731	40	prescribed	prescribe	VERB
cjal-9190	731	41	by	by	ADP
cjal-9190	731	42	the	the	DET
cjal-9190	731	43	foreign	foreign	ADJ
cjal-9190	731	44	country	country	NOUN
cjal-9190	731	45	or	or	CCONJ
cjal-9190	731	46	region	region	NOUN
cjal-9190	731	47	where	where	SCONJ
cjal-9190	731	48	the	the	DET
cjal-9190	731	49	applicant	applicant	NOUN
cjal-9190	731	50	is	be	AUX
cjal-9190	731	51	located	locate	VERB
cjal-9190	731	52	(	(	PUNCT
cjal-9190	731	53	if	if	SCONJ
cjal-9190	731	54	any	any	PRON
cjal-9190	731	55	)	)	PUNCT
cjal-9190	731	56	…	…	PUNCT
cjal-9190	731	57	188	188	NUM
cjal-9190	731	58	cheng	cheng	NOUN
cjal-9190	731	59	,	,	PUNCT
cjal-9190	731	60	supra	supra	PROPN
cjal-9190	731	61	note	note	PROPN
cjal-9190	731	62	157	157	NUM
cjal-9190	731	63	,	,	PUNCT
cjal-9190	731	64	at	at	ADP
cjal-9190	731	65	26	26	NUM
cjal-9190	731	66	.	.	PUNCT
cjal-9190	732	1	see	see	VERB
cjal-9190	732	2	service	service	NOUN
cjal-9190	732	3	guide	guide	NOUN
cjal-9190	732	4	for	for	ADP
cjal-9190	732	5	administrative	administrative	ADJ
cjal-9190	732	6	licensing	licensing	NOUN
cjal-9190	732	7	matters	matter	NOUN
cjal-9190	732	8	:	:	PUNCT
cjal-9190	732	9	qualified	qualified	ADJ
cjal-9190	732	10	foreign	foreign	ADJ
cjal-9190	732	11	investor	investor	NOUN
cjal-9190	732	12	qualification	qualification	NOUN
cjal-9190	732	13	approval	approval	NOUN
cjal-9190	732	14	(	(	PUNCT
cjal-9190	732	15	promulgated	promulgate	VERB
cjal-9190	732	16	by	by	ADP
cjal-9190	732	17	the	the	DET
cjal-9190	732	18	sec	sec	PROPN
cjal-9190	732	19	.	.	PUNCT
cjal-9190	733	1	regulatory	regulatory	ADJ
cjal-9190	733	2	comm’n	comm’n	NOUN
cjal-9190	733	3	,	,	PUNCT
cjal-9190	733	4	september	september	PROPN
cjal-9190	733	5	25	25	NUM
cjal-9190	733	6	,	,	PUNCT
cjal-9190	733	7	2020	2020	NUM
cjal-9190	733	8	)	)	PUNCT
cjal-9190	733	9	available	available	ADJ
cjal-9190	733	10	at	at	ADP
cjal-9190	733	11	http://www.csrc.gov.cn/pub/csrc_en/laws/overrule/announcement/202009/p02020	http://www.csrc.gov.cn/pub/csrc_en/laws/overrule/announcement/202009/p02020	PROPN
cjal-9190	733	12	0925690263056120.pdf	0925690263056120.pdf	NOUN
cjal-9190	733	13	.	.	PUNCT
cjal-9190	734	1	130	130	NUM
cjal-9190	734	2	institutional	institutional	ADJ
cjal-9190	734	3	investors	investor	NOUN
cjal-9190	734	4	in	in	ADP
cjal-9190	734	5	china	china	PROPN
cjal-9190	734	6	[	[	X
cjal-9190	734	7	vol	vol	NOUN
cjal-9190	734	8	.	.	PUNCT
cjal-9190	734	9	35	35	NUM
cjal-9190	734	10	:	:	SYM
cjal-9190	734	11	74	74	NUM
cjal-9190	734	12	equally	equally	ADV
cjal-9190	734	13	as	as	ADV
cjal-9190	734	14	important	important	ADJ
cjal-9190	734	15	as	as	ADP
cjal-9190	734	16	recognizing	recognize	VERB
cjal-9190	734	17	the	the	DET
cjal-9190	734	18	ccp	ccp	PROPN
cjal-9190	734	19	’s	’s	PART
cjal-9190	734	20	ability	ability	NOUN
cjal-9190	734	21	to	to	PART
cjal-9190	734	22	use	use	VERB
cjal-9190	734	23	institutional	institutional	ADJ
cjal-9190	734	24	investors	investor	NOUN
cjal-9190	734	25	as	as	ADP
cjal-9190	734	26	a	a	DET
cjal-9190	734	27	powerful	powerful	ADJ
cjal-9190	734	28	mechanism	mechanism	NOUN
cjal-9190	734	29	for	for	ADP
cjal-9190	734	30	policy	policy	NOUN
cjal-9190	734	31	channeling	channeling	NOUN
cjal-9190	734	32	,	,	PUNCT
cjal-9190	734	33	is	be	AUX
cjal-9190	734	34	the	the	DET
cjal-9190	734	35	observation	observation	NOUN
cjal-9190	734	36	that	that	SCONJ
cjal-9190	734	37	the	the	DET
cjal-9190	734	38	ccp	ccp	PROPN
cjal-9190	734	39	appears	appear	VERB
cjal-9190	734	40	to	to	PART
cjal-9190	734	41	use	use	VERB
cjal-9190	734	42	this	this	DET
cjal-9190	734	43	power	power	NOUN
cjal-9190	734	44	only	only	ADV
cjal-9190	734	45	in	in	ADP
cjal-9190	734	46	a	a	DET
cjal-9190	734	47	selective	selective	ADJ
cjal-9190	734	48	and	and	CCONJ
cjal-9190	734	49	targeted	target	VERB
cjal-9190	734	50	manner	manner	NOUN
cjal-9190	734	51	.	.	PUNCT
cjal-9190	735	1	in	in	ADP
cjal-9190	735	2	the	the	DET
cjal-9190	735	3	case	case	NOUN
cjal-9190	735	4	of	of	ADP
cjal-9190	735	5	poiis	poiis	NOUN
cjal-9190	735	6	,	,	PUNCT
cjal-9190	735	7	as	as	SCONJ
cjal-9190	735	8	highlighted	highlight	VERB
cjal-9190	735	9	above	above	ADV
cjal-9190	735	10	,	,	PUNCT
cjal-9190	735	11	empirical	empirical	ADJ
cjal-9190	735	12	and	and	CCONJ
cjal-9190	735	13	anecdotal	anecdotal	ADJ
cjal-9190	735	14	evidence	evidence	NOUN
cjal-9190	735	15	suggests	suggest	VERB
cjal-9190	735	16	that	that	SCONJ
cjal-9190	735	17	the	the	DET
cjal-9190	735	18	ccp	ccp	PROPN
cjal-9190	735	19	’s	’s	PART
cjal-9190	735	20	use	use	NOUN
cjal-9190	735	21	of	of	ADP
cjal-9190	735	22	policy	policy	NOUN
cjal-9190	735	23	channeling	channeling	NOUN
cjal-9190	735	24	is	be	AUX
cjal-9190	735	25	reserved	reserve	VERB
cjal-9190	735	26	to	to	PART
cjal-9190	735	27	facilitate	facilitate	VERB
cjal-9190	735	28	major	major	ADJ
cjal-9190	735	29	reforms	reform	NOUN
cjal-9190	735	30	,	,	PUNCT
cjal-9190	735	31	to	to	PART
cjal-9190	735	32	stabilize	stabilize	VERB
cjal-9190	735	33	the	the	DET
cjal-9190	735	34	market	market	NOUN
cjal-9190	735	35	in	in	ADP
cjal-9190	735	36	times	time	NOUN
cjal-9190	735	37	of	of	ADP
cjal-9190	735	38	crisis	crisis	NOUN
cjal-9190	735	39	,	,	PUNCT
cjal-9190	735	40	or	or	CCONJ
cjal-9190	735	41	to	to	PART
cjal-9190	735	42	ensure	ensure	VERB
cjal-9190	735	43	social	social	ADJ
cjal-9190	735	44	stability	stability	NOUN
cjal-9190	735	45	surrounding	surround	VERB
cjal-9190	735	46	major	major	ADJ
cjal-9190	735	47	political	political	ADJ
cjal-9190	735	48	events.189	events.189	NOUN
cjal-9190	735	49	based	base	VERB
cjal-9190	735	50	on	on	ADP
cjal-9190	735	51	interviews	interview	NOUN
cjal-9190	735	52	conducted	conduct	VERB
cjal-9190	735	53	by	by	ADP
cjal-9190	735	54	one	one	NUM
cjal-9190	735	55	of	of	ADP
cjal-9190	735	56	us	we	PRON
cjal-9190	735	57	in	in	ADP
cjal-9190	735	58	2020	2020	NUM
cjal-9190	735	59	and	and	CCONJ
cjal-9190	735	60	2021	2021	NUM
cjal-9190	735	61	,	,	PUNCT
cjal-9190	735	62	senior	senior	ADJ
cjal-9190	735	63	employees	employee	NOUN
cjal-9190	735	64	in	in	ADP
cjal-9190	735	65	poiis	poiis	ADJ
cjal-9190	735	66	uniformly	uniformly	ADV
cjal-9190	735	67	were	be	AUX
cjal-9190	735	68	of	of	ADP
cjal-9190	735	69	the	the	DET
cjal-9190	735	70	view	view	NOUN
cjal-9190	735	71	that	that	SCONJ
cjal-9190	735	72	in	in	ADP
cjal-9190	735	73	“	"	PUNCT
cjal-9190	735	74	normal	normal	ADJ
cjal-9190	735	75	times	time	NOUN
cjal-9190	735	76	”	"	PUNCT
cjal-9190	735	77	poiis	poiis	NOUN
cjal-9190	735	78	worked	work	VERB
cjal-9190	735	79	as	as	ADP
cjal-9190	735	80	asset	asset	NOUN
cjal-9190	735	81	owners	owner	NOUN
cjal-9190	735	82	and/or	and/or	CCONJ
cjal-9190	735	83	asset	asset	NOUN
cjal-9190	735	84	managers	manager	NOUN
cjal-9190	735	85	to	to	PART
cjal-9190	735	86	maximize	maximize	VERB
cjal-9190	735	87	the	the	DET
cjal-9190	735	88	returns	return	NOUN
cjal-9190	735	89	for	for	ADP
cjal-9190	735	90	their	their	PRON
cjal-9190	735	91	ultimate	ultimate	ADJ
cjal-9190	735	92	beneficiaries	beneficiary	NOUN
cjal-9190	735	93	—	—	PUNCT
cjal-9190	735	94	and	and	CCONJ
cjal-9190	735	95	not	not	PART
cjal-9190	735	96	for	for	ADP
cjal-9190	735	97	policy	policy	NOUN
cjal-9190	735	98	channeling.190	channeling.190	NOUN
cjal-9190	736	1	this	this	DET
cjal-9190	736	2	finding	finding	NOUN
cjal-9190	736	3	is	be	AUX
cjal-9190	736	4	confirmed	confirm	VERB
cjal-9190	736	5	by	by	ADP
cjal-9190	736	6	another	another	DET
cjal-9190	736	7	research	research	NOUN
cjal-9190	736	8	project	project	NOUN
cjal-9190	736	9	which	which	PRON
cjal-9190	736	10	concluded	conclude	VERB
cjal-9190	736	11	,	,	PUNCT
cjal-9190	736	12	based	base	VERB
cjal-9190	736	13	on	on	ADP
cjal-9190	736	14	anonymous	anonymous	ADJ
cjal-9190	736	15	interviews	interview	NOUN
cjal-9190	736	16	of	of	ADP
cjal-9190	736	17	executives	executive	NOUN
cjal-9190	736	18	in	in	ADP
cjal-9190	736	19	poiis	poiis	NOUN
cjal-9190	736	20	,	,	PUNCT
cjal-9190	736	21	that	that	SCONJ
cjal-9190	736	22	on	on	ADP
cjal-9190	736	23	a	a	DET
cjal-9190	736	24	day	day	NOUN
cjal-9190	736	25	-	-	PUNCT
cjal-9190	736	26	to	to	ADP
cjal-9190	736	27	-	-	PUNCT
cjal-9190	736	28	day	day	NOUN
cjal-9190	736	29	basis	basis	NOUN
cjal-9190	736	30	they	they	PRON
cjal-9190	736	31	were	be	AUX
cjal-9190	736	32	driven	drive	VERB
cjal-9190	736	33	by	by	ADP
cjal-9190	736	34	free	free	ADJ
cjal-9190	736	35	-	-	PUNCT
cjal-9190	736	36	market	market	NOUN
cjal-9190	736	37	forces	force	NOUN
cjal-9190	736	38	,	,	PUNCT
cjal-9190	736	39	and	and	CCONJ
cjal-9190	736	40	not	not	PART
cjal-9190	736	41	policy	policy	NOUN
cjal-9190	736	42	channeling.191	channeling.191	NOUN
cjal-9190	736	43	we	we	PRON
cjal-9190	736	44	recognize	recognize	VERB
cjal-9190	736	45	that	that	SCONJ
cjal-9190	736	46	the	the	DET
cjal-9190	736	47	answers	answer	NOUN
cjal-9190	736	48	provided	provide	VERB
cjal-9190	736	49	by	by	ADP
cjal-9190	736	50	the	the	DET
cjal-9190	736	51	employees	employee	NOUN
cjal-9190	736	52	who	who	PRON
cjal-9190	736	53	were	be	AUX
cjal-9190	736	54	interviewed	interview	VERB
cjal-9190	736	55	in	in	ADP
cjal-9190	736	56	poiis	poiis	NOUN
cjal-9190	736	57	may	may	AUX
cjal-9190	736	58	be	be	AUX
cjal-9190	736	59	self	self	NOUN
cjal-9190	736	60	-	-	PUNCT
cjal-9190	736	61	serving	serve	VERB
cjal-9190	736	62	.	.	PUNCT
cjal-9190	737	1	however	however	ADV
cjal-9190	737	2	,	,	PUNCT
cjal-9190	737	3	with	with	ADP
cjal-9190	737	4	respect	respect	NOUN
cjal-9190	737	5	to	to	ADP
cjal-9190	737	6	poiis	poiis	ADJ
cjal-9190	737	7	,	,	PUNCT
cjal-9190	737	8	particularly	particularly	ADV
cjal-9190	737	9	sifs	sif	NOUN
cjal-9190	737	10	,	,	PUNCT
cjal-9190	737	11	this	this	PRON
cjal-9190	737	12	comports	comport	VERB
cjal-9190	737	13	with	with	ADP
cjal-9190	737	14	the	the	DET
cjal-9190	737	15	empirical	empirical	ADJ
cjal-9190	737	16	studies	study	NOUN
cjal-9190	737	17	described	describe	VERB
cjal-9190	737	18	in	in	ADP
cjal-9190	737	19	part	part	NOUN
cjal-9190	737	20	iii	iii	NUM
cjal-9190	737	21	demonstrating	demonstrate	VERB
cjal-9190	737	22	the	the	DET
cjal-9190	737	23	positive	positive	ADJ
cjal-9190	737	24	impact	impact	NOUN
cjal-9190	737	25	that	that	PRON
cjal-9190	737	26	sifs	sif	VERB
cjal-9190	737	27	tend	tend	VERB
cjal-9190	737	28	to	to	PART
cjal-9190	737	29	have	have	VERB
cjal-9190	737	30	on	on	ADP
cjal-9190	737	31	the	the	DET
cjal-9190	737	32	performance	performance	NOUN
cjal-9190	737	33	of	of	ADP
cjal-9190	737	34	a	a	DET
cjal-9190	737	35	-	-	PUNCT
cjal-9190	737	36	shares	share	NOUN
cjal-9190	737	37	companies	company	NOUN
cjal-9190	737	38	—	—	PUNCT
cjal-9190	737	39	with	with	ADP
cjal-9190	737	40	the	the	DET
cjal-9190	737	41	notable	notable	ADJ
cjal-9190	737	42	exception	exception	NOUN
cjal-9190	737	43	of	of	ADP
cjal-9190	737	44	the	the	DET
cjal-9190	737	45	split	split	ADJ
cjal-9190	737	46	share	share	NOUN
cjal-9190	737	47	reform	reform	NOUN
cjal-9190	737	48	,	,	PUNCT
cjal-9190	737	49	which	which	PRON
cjal-9190	737	50	was	be	AUX
cjal-9190	737	51	an	an	DET
cjal-9190	737	52	extraordinary	extraordinary	ADJ
cjal-9190	737	53	situation	situation	NOUN
cjal-9190	737	54	where	where	SCONJ
cjal-9190	737	55	an	an	DET
cjal-9190	737	56	important	important	ADJ
cjal-9190	737	57	ccp	ccp	PROPN
cjal-9190	737	58	policy	policy	NOUN
cjal-9190	737	59	objective	objective	NOUN
cjal-9190	737	60	was	be	AUX
cjal-9190	737	61	involved.192	involved.192	NOUN
cjal-9190	737	62	it	it	PRON
cjal-9190	737	63	is	be	AUX
cjal-9190	737	64	also	also	ADV
cjal-9190	737	65	supported	support	VERB
cjal-9190	737	66	by	by	ADP
cjal-9190	737	67	the	the	DET
cjal-9190	737	68	evidence	evidence	NOUN
cjal-9190	737	69	in	in	ADP
cjal-9190	737	70	part	part	NOUN
cjal-9190	737	71	iii	iii	NOUN
cjal-9190	737	72	of	of	ADP
cjal-9190	737	73	the	the	DET
cjal-9190	737	74	increasing	increase	VERB
cjal-9190	737	75	number	number	NOUN
cjal-9190	737	76	of	of	ADP
cjal-9190	737	77	activist	activist	ADJ
cjal-9190	737	78	campaigns	campaign	NOUN
cjal-9190	737	79	by	by	ADP
cjal-9190	737	80	poiis	poiis	NOUN
cjal-9190	737	81	and	and	CCONJ
cjal-9190	737	82	,	,	PUNCT
cjal-9190	737	83	most	most	ADV
cjal-9190	737	84	importantly	importantly	ADV
cjal-9190	737	85	,	,	PUNCT
cjal-9190	737	86	that	that	SCONJ
cjal-9190	737	87	half	half	NOUN
cjal-9190	737	88	of	of	ADP
cjal-9190	737	89	the	the	DET
cjal-9190	737	90	activist	activist	ADJ
cjal-9190	737	91	campaigns	campaign	NOUN
cjal-9190	737	92	carried	carry	VERB
cjal-9190	737	93	out	out	ADP
cjal-9190	737	94	against	against	ADP
cjal-9190	737	95	soes	soe	NOUN
cjal-9190	737	96	have	have	AUX
cjal-9190	737	97	been	be	AUX
cjal-9190	737	98	successful.193	successful.193	ADJ
cjal-9190	737	99	although	although	SCONJ
cjal-9190	737	100	the	the	DET
cjal-9190	737	101	number	number	NOUN
cjal-9190	737	102	of	of	ADP
cjal-9190	737	103	activist	activist	ADJ
cjal-9190	737	104	campaigns	campaign	NOUN
cjal-9190	737	105	has	have	AUX
cjal-9190	737	106	been	be	AUX
cjal-9190	737	107	relatively	relatively	ADV
cjal-9190	737	108	small	small	ADJ
cjal-9190	737	109	,	,	PUNCT
cjal-9190	737	110	this	this	PRON
cjal-9190	737	111	illustrates	illustrate	VERB
cjal-9190	737	112	that	that	SCONJ
cjal-9190	737	113	outside	outside	ADP
cjal-9190	737	114	of	of	ADP
cjal-9190	737	115	major	major	ADJ
cjal-9190	737	116	events	event	NOUN
cjal-9190	737	117	and	and	CCONJ
cjal-9190	737	118	reforms	reform	NOUN
cjal-9190	737	119	,	,	PUNCT
cjal-9190	737	120	the	the	DET
cjal-9190	737	121	ccp	ccp	PROPN
cjal-9190	737	122	has	have	AUX
cjal-9190	737	123	sometimes	sometimes	ADV
cjal-9190	737	124	allowed	allow	VERB
cjal-9190	737	125	poiis	poiis	NOUN
cjal-9190	737	126	to	to	PART
cjal-9190	737	127	play	play	VERB
cjal-9190	737	128	an	an	DET
cjal-9190	737	129	active	active	ADJ
cjal-9190	737	130	market	market	NOUN
cjal-9190	737	131	-	-	PUNCT
cjal-9190	737	132	based	base	VERB
cjal-9190	737	133	role	role	NOUN
cjal-9190	737	134	as	as	ADP
cjal-9190	737	135	institutional	institutional	ADJ
cjal-9190	737	136	investors	investor	NOUN
cjal-9190	737	137	—	—	PUNCT
cjal-9190	737	138	even	even	ADV
cjal-9190	737	139	when	when	SCONJ
cjal-9190	737	140	it	it	PRON
cjal-9190	737	141	involves	involve	VERB
cjal-9190	737	142	challenging	challenge	VERB
cjal-9190	737	143	the	the	DET
cjal-9190	737	144	corporate	corporate	ADJ
cjal-9190	737	145	governance	governance	NOUN
cjal-9190	737	146	of	of	ADP
cjal-9190	737	147	soes	soe	NOUN
cjal-9190	737	148	.	.	PUNCT
cjal-9190	738	1	this	this	PRON
cjal-9190	738	2	suggests	suggest	VERB
cjal-9190	738	3	that	that	SCONJ
cjal-9190	738	4	although	although	SCONJ
cjal-9190	738	5	the	the	DET
cjal-9190	738	6	ccp	ccp	PROPN
cjal-9190	738	7	may	may	AUX
cjal-9190	738	8	transform	transform	VERB
cjal-9190	738	9	poiis	poiis	ADV
cjal-9190	738	10	into	into	ADP
cjal-9190	738	11	state	state	NOUN
cjal-9190	738	12	-	-	PUNCT
cjal-9190	738	13	influenced	influence	VERB
cjal-9190	738	14	institutional	institutional	ADJ
cjal-9190	738	15	investors	investor	NOUN
cjal-9190	738	16	,	,	PUNCT
cjal-9190	738	17	it	it	PRON
cjal-9190	738	18	appears	appear	VERB
cjal-9190	738	19	to	to	PART
cjal-9190	738	20	exercise	exercise	VERB
cjal-9190	738	21	its	its	PRON
cjal-9190	738	22	power	power	NOUN
cjal-9190	738	23	in	in	ADP
cjal-9190	738	24	a	a	DET
cjal-9190	738	25	targeted	target	VERB
cjal-9190	738	26	manner	manner	NOUN
cjal-9190	738	27	to	to	PART
cjal-9190	738	28	achieve	achieve	VERB
cjal-9190	738	29	specific	specific	ADJ
cjal-9190	738	30	189	189	NUM
cjal-9190	738	31	shen	shen	NOUN
cjal-9190	738	32	&	&	CCONJ
cjal-9190	738	33	xie	xie	PROPN
cjal-9190	738	34	,	,	PUNCT
cjal-9190	738	35	supra	supra	PROPN
cjal-9190	738	36	note	note	PROPN
cjal-9190	738	37	153	153	NUM
cjal-9190	738	38	.	.	PUNCT
cjal-9190	738	39	190	190	NUM
cjal-9190	738	40	telephone	telephone	NOUN
cjal-9190	738	41	interview	interview	NOUN
cjal-9190	738	42	with	with	ADP
cjal-9190	738	43	mr	mr	PROPN
cjal-9190	738	44	.	.	PROPN
cjal-9190	738	45	z	z	PROPN
cjal-9190	738	46	,	,	PUNCT
cjal-9190	738	47	fund	fund	NOUN
cjal-9190	738	48	manager	manager	NOUN
cjal-9190	738	49	,	,	PUNCT
cjal-9190	738	50	china	china	PROPN
cjal-9190	738	51	international	international	PROPN
cjal-9190	738	52	capital	capital	PROPN
cjal-9190	738	53	corporation	corporation	PROPN
cjal-9190	738	54	limited	limit	VERB
cjal-9190	738	55	(	(	PUNCT
cjal-9190	738	56	may	may	PROPN
cjal-9190	738	57	26	26	NUM
cjal-9190	738	58	,	,	PUNCT
cjal-9190	738	59	2020	2020	NUM
cjal-9190	738	60	)	)	PUNCT
cjal-9190	738	61	.	.	PUNCT
cjal-9190	739	1	telephone	telephone	NOUN
cjal-9190	739	2	interview	interview	NOUN
cjal-9190	739	3	with	with	ADP
cjal-9190	739	4	ms	ms	PROPN
cjal-9190	739	5	.	.	PROPN
cjal-9190	739	6	c	c	PROPN
cjal-9190	739	7	,	,	PUNCT
cjal-9190	739	8	legal	legal	ADJ
cjal-9190	739	9	counsel	counsel	NOUN
cjal-9190	739	10	,	,	PUNCT
cjal-9190	739	11	dbs	dbs	PROPN
cjal-9190	739	12	securities	security	NOUN
cjal-9190	739	13	(	(	PUNCT
cjal-9190	739	14	mar	mar	PROPN
cjal-9190	739	15	.	.	PROPN
cjal-9190	739	16	31	31	NUM
cjal-9190	739	17	,	,	PUNCT
cjal-9190	739	18	2021	2021	NUM
cjal-9190	739	19	)	)	PUNCT
cjal-9190	739	20	.	.	PUNCT
cjal-9190	740	1	telephone	telephone	NOUN
cjal-9190	740	2	interview	interview	NOUN
cjal-9190	740	3	with	with	ADP
cjal-9190	740	4	ms	ms	PROPN
cjal-9190	740	5	.	.	PROPN
cjal-9190	740	6	j	j	PROPN
cjal-9190	740	7	,	,	PUNCT
cjal-9190	740	8	senior	senior	ADJ
cjal-9190	740	9	manager	manager	NOUN
cjal-9190	740	10	,	,	PUNCT
cjal-9190	740	11	cms	cms	PROPN
cjal-9190	740	12	(	(	PUNCT
cjal-9190	740	13	mar	mar	PROPN
cjal-9190	740	14	.	.	PROPN
cjal-9190	740	15	30	30	NUM
cjal-9190	740	16	2021	2021	NUM
cjal-9190	740	17	)	)	PUNCT
cjal-9190	740	18	;	;	PUNCT
cjal-9190	740	19	telephone	telephone	NOUN
cjal-9190	740	20	interview	interview	NOUN
cjal-9190	740	21	with	with	ADP
cjal-9190	740	22	mr	mr	PROPN
cjal-9190	740	23	.	.	PROPN
cjal-9190	740	24	y	y	PROPN
cjal-9190	740	25	,	,	PUNCT
cjal-9190	740	26	fund	fund	NOUN
cjal-9190	740	27	manager	manager	NOUN
cjal-9190	740	28	,	,	PUNCT
cjal-9190	740	29	gf	gf	PROPN
cjal-9190	740	30	securities	security	NOUN
cjal-9190	740	31	(	(	PUNCT
cjal-9190	740	32	mar	mar	PROPN
cjal-9190	740	33	.	.	PROPN
cjal-9190	740	34	18	18	NUM
cjal-9190	740	35	,	,	PUNCT
cjal-9190	740	36	2021	2021	NUM
cjal-9190	740	37	)	)	PUNCT
cjal-9190	740	38	(	(	PUNCT
cjal-9190	740	39	on	on	ADP
cjal-9190	740	40	file	file	NOUN
cjal-9190	740	41	with	with	ADP
cjal-9190	740	42	author	author	NOUN
cjal-9190	740	43	)	)	PUNCT
cjal-9190	740	44	.	.	PUNCT
cjal-9190	741	1	191	191	NUM
cjal-9190	741	2	cheng	cheng	PROPN
cjal-9190	741	3	,	,	PUNCT
cjal-9190	741	4	supra	supra	PROPN
cjal-9190	741	5	note	note	PROPN
cjal-9190	741	6	157	157	NUM
cjal-9190	741	7	,	,	PUNCT
cjal-9190	741	8	at	at	ADP
cjal-9190	741	9	24	24	NUM
cjal-9190	741	10	.	.	PUNCT
cjal-9190	742	1	telephone	telephone	NOUN
cjal-9190	742	2	interview	interview	NOUN
cjal-9190	742	3	with	with	ADP
cjal-9190	742	4	mr	mr	PROPN
cjal-9190	742	5	.	.	PROPN
cjal-9190	742	6	li	li	PROPN
cjal-9190	742	7	,	,	PUNCT
cjal-9190	742	8	fund	fund	NOUN
cjal-9190	742	9	manager	manager	NOUN
cjal-9190	742	10	,	,	PUNCT
cjal-9190	742	11	china	china	PROPN
cjal-9190	742	12	international	international	PROPN
cjal-9190	742	13	capital	capital	PROPN
cjal-9190	742	14	corporation	corporation	NOUN
cjal-9190	742	15	(	(	PUNCT
cjal-9190	742	16	may	may	PROPN
cjal-9190	742	17	26	26	NUM
cjal-9190	742	18	,	,	PUNCT
cjal-9190	742	19	2020	2020	NUM
cjal-9190	742	20	)	)	PUNCT
cjal-9190	742	21	.	.	PUNCT
cjal-9190	743	1	telephone	telephone	NOUN
cjal-9190	743	2	interview	interview	NOUN
cjal-9190	743	3	with	with	ADP
cjal-9190	743	4	ms	ms	PROPN
cjal-9190	743	5	.	.	PROPN
cjal-9190	743	6	c	c	PROPN
cjal-9190	743	7	,	,	PUNCT
cjal-9190	743	8	legal	legal	ADJ
cjal-9190	743	9	counsel	counsel	NOUN
cjal-9190	743	10	,	,	PUNCT
cjal-9190	743	11	dbs	dbs	PROPN
cjal-9190	743	12	securities	security	NOUN
cjal-9190	743	13	(	(	PUNCT
cjal-9190	743	14	mar	mar	PROPN
cjal-9190	743	15	.	.	PROPN
cjal-9190	743	16	31	31	NUM
cjal-9190	743	17	2021	2021	NUM
cjal-9190	743	18	)	)	PUNCT
cjal-9190	743	19	.	.	PUNCT
cjal-9190	744	1	telephone	telephone	NOUN
cjal-9190	744	2	interview	interview	NOUN
cjal-9190	744	3	with	with	ADP
cjal-9190	744	4	ms	ms	PROPN
cjal-9190	744	5	.	.	PROPN
cjal-9190	744	6	j	j	PROPN
cjal-9190	744	7	,	,	PUNCT
cjal-9190	744	8	senior	senior	ADJ
cjal-9190	744	9	manager	manager	NOUN
cjal-9190	744	10	,	,	PUNCT
cjal-9190	744	11	cms	cms	PROPN
cjal-9190	744	12	(	(	PUNCT
cjal-9190	744	13	mar	mar	PROPN
cjal-9190	744	14	.	.	PROPN
cjal-9190	744	15	30	30	NUM
cjal-9190	744	16	2021	2021	NUM
cjal-9190	744	17	)	)	PUNCT
cjal-9190	744	18	.	.	PUNCT
cjal-9190	745	1	telephone	telephone	NOUN
cjal-9190	745	2	interview	interview	NOUN
cjal-9190	745	3	with	with	ADP
cjal-9190	745	4	mr	mr	PROPN
cjal-9190	745	5	.	.	PROPN
cjal-9190	745	6	y	y	PROPN
cjal-9190	745	7	,	,	PUNCT
cjal-9190	745	8	fund	fund	NOUN
cjal-9190	745	9	manager	manager	NOUN
cjal-9190	745	10	,	,	PUNCT
cjal-9190	745	11	gf	gf	PROPN
cjal-9190	745	12	securities	security	NOUN
cjal-9190	745	13	(	(	PUNCT
cjal-9190	745	14	mar	mar	PROPN
cjal-9190	745	15	.	.	PROPN
cjal-9190	745	16	18	18	NUM
cjal-9190	745	17	,	,	PUNCT
cjal-9190	745	18	2021	2021	NUM
cjal-9190	745	19	)	)	PUNCT
cjal-9190	745	20	.	.	PUNCT
cjal-9190	746	1	telephone	telephone	NOUN
cjal-9190	746	2	interview	interview	NOUN
cjal-9190	746	3	with	with	ADP
cjal-9190	746	4	ms	ms	PROPN
cjal-9190	746	5	.	.	PROPN
cjal-9190	746	6	k	k	PROPN
cjal-9190	746	7	,	,	PUNCT
cjal-9190	746	8	partner	partner	NOUN
cjal-9190	746	9	,	,	PUNCT
cjal-9190	746	10	global	global	ADJ
cjal-9190	746	11	law	law	NOUN
cjal-9190	746	12	office	office	NOUN
cjal-9190	746	13	(	(	PUNCT
cjal-9190	746	14	mar	mar	PROPN
cjal-9190	746	15	.	.	PROPN
cjal-9190	746	16	30	30	NUM
cjal-9190	746	17	,	,	PUNCT
cjal-9190	746	18	2021	2021	NUM
cjal-9190	746	19	)	)	PUNCT
cjal-9190	746	20	(	(	PUNCT
cjal-9190	746	21	on	on	ADP
cjal-9190	746	22	file	file	NOUN
cjal-9190	746	23	with	with	ADP
cjal-9190	746	24	author	author	NOUN
cjal-9190	746	25	)	)	PUNCT
cjal-9190	746	26	.	.	PUNCT
cjal-9190	747	1	192	192	NUM
cjal-9190	747	2	firth	firth	PROPN
cjal-9190	747	3	et	et	PROPN
cjal-9190	747	4	al	al	PROPN
cjal-9190	747	5	.	.	PROPN
cjal-9190	747	6	,	,	PUNCT
cjal-9190	747	7	supra	supra	PROPN
cjal-9190	747	8	note	note	PROPN
cjal-9190	747	9	109	109	NUM
cjal-9190	747	10	,	,	PUNCT
cjal-9190	747	11	at	at	ADP
cjal-9190	747	12	697	697	NUM
cjal-9190	747	13	;	;	PUNCT
cjal-9190	747	14	huang	huang	PROPN
cjal-9190	747	15	&	&	CCONJ
cjal-9190	747	16	zhu	zhu	PROPN
cjal-9190	747	17	,	,	PUNCT
cjal-9190	747	18	supra	supra	PROPN
cjal-9190	747	19	note	note	PROPN
cjal-9190	747	20	47	47	NUM
cjal-9190	747	21	,	,	PUNCT
cjal-9190	747	22	at	at	ADP
cjal-9190	747	23	314	314	NUM
cjal-9190	747	24	.	.	PUNCT
cjal-9190	748	1	193	193	NUM
cjal-9190	748	2	see	see	VERB
cjal-9190	748	3	appendix	appendix	NOUN
cjal-9190	748	4	2	2	NUM
cjal-9190	748	5	.	.	NOUN
cjal-9190	748	6	2022	2022	NUM
cjal-9190	748	7	]	]	PUNCT
cjal-9190	748	8	columbia	columbia	PROPN
cjal-9190	748	9	journal	journal	PROPN
cjal-9190	748	10	of	of	ADP
cjal-9190	748	11	asian	asian	ADJ
cjal-9190	748	12	law	law	NOUN
cjal-9190	748	13	131	131	NUM
cjal-9190	748	14	and	and	CCONJ
cjal-9190	748	15	important	important	ADJ
cjal-9190	748	16	policy	policy	NOUN
cjal-9190	748	17	objectives	objective	NOUN
cjal-9190	748	18	—	—	PUNCT
cjal-9190	748	19	with	with	ADP
cjal-9190	748	20	poiis	poiis	NOUN
cjal-9190	748	21	normally	normally	ADV
cjal-9190	748	22	being	be	AUX
cjal-9190	748	23	driven	drive	VERB
cjal-9190	748	24	by	by	ADP
cjal-9190	748	25	free	free	ADJ
cjal-9190	748	26	-	-	PUNCT
cjal-9190	748	27	market	market	NOUN
cjal-9190	748	28	forces	force	NOUN
cjal-9190	748	29	.	.	PUNCT
cjal-9190	749	1	in	in	ADP
cjal-9190	749	2	terms	term	NOUN
cjal-9190	749	3	of	of	ADP
cjal-9190	749	4	soiis	soiis	NOUN
cjal-9190	749	5	,	,	PUNCT
cjal-9190	749	6	the	the	DET
cjal-9190	749	7	evidence	evidence	NOUN
cjal-9190	749	8	from	from	ADP
cjal-9190	749	9	activist	activist	ADJ
cjal-9190	749	10	campaigns	campaign	NOUN
cjal-9190	749	11	in	in	ADP
cjal-9190	749	12	part	part	NOUN
cjal-9190	749	13	iii	iii	NUM
cjal-9190	749	14	also	also	ADV
cjal-9190	749	15	suggests	suggest	VERB
cjal-9190	749	16	that	that	SCONJ
cjal-9190	749	17	in	in	ADP
cjal-9190	749	18	normal	normal	ADJ
cjal-9190	749	19	times	time	NOUN
cjal-9190	749	20	soiis	soiis	NOUN
cjal-9190	749	21	are	be	AUX
cjal-9190	749	22	driven	drive	VERB
cjal-9190	749	23	by	by	ADP
cjal-9190	749	24	freemarket	freemarket	NOUN
cjal-9190	749	25	forces	force	NOUN
cjal-9190	749	26	to	to	PART
cjal-9190	749	27	improve	improve	VERB
cjal-9190	749	28	the	the	DET
cjal-9190	749	29	corporate	corporate	ADJ
cjal-9190	749	30	governance	governance	NOUN
cjal-9190	749	31	of	of	ADP
cjal-9190	749	32	their	their	PRON
cjal-9190	749	33	investee	investee	NOUN
cjal-9190	749	34	companies	company	NOUN
cjal-9190	749	35	.	.	PUNCT
cjal-9190	750	1	this	this	PRON
cjal-9190	750	2	is	be	AUX
cjal-9190	750	3	suggested	suggest	VERB
cjal-9190	750	4	by	by	ADP
cjal-9190	750	5	the	the	DET
cjal-9190	750	6	fact	fact	NOUN
cjal-9190	750	7	that	that	SCONJ
cjal-9190	750	8	a	a	DET
cjal-9190	750	9	majority	majority	NOUN
cjal-9190	750	10	of	of	ADP
cjal-9190	750	11	activist	activist	ADJ
cjal-9190	750	12	campaigns	campaign	NOUN
cjal-9190	750	13	undertaken	undertake	VERB
cjal-9190	750	14	in	in	ADP
cjal-9190	750	15	the	the	DET
cjal-9190	750	16	a	a	DET
cjal-9190	750	17	-	-	PUNCT
cjal-9190	750	18	shares	share	NOUN
cjal-9190	750	19	market	market	NOUN
cjal-9190	750	20	were	be	AUX
cjal-9190	750	21	conducted	conduct	VERB
cjal-9190	750	22	by	by	ADP
cjal-9190	750	23	soiis	soiis	NOUN
cjal-9190	750	24	.	.	PUNCT
cjal-9190	751	1	194	194	NUM
cjal-9190	751	2	interestingly	interestingly	ADV
cjal-9190	751	3	,	,	PUNCT
cjal-9190	751	4	a	a	DET
cjal-9190	751	5	significant	significant	ADJ
cjal-9190	751	6	number	number	NOUN
cjal-9190	751	7	of	of	ADP
cjal-9190	751	8	these	these	DET
cjal-9190	751	9	campaigns	campaign	NOUN
cjal-9190	751	10	targeted	target	VERB
cjal-9190	751	11	soes	soe	NOUN
cjal-9190	751	12	—	—	PUNCT
cjal-9190	751	13	suggesting	suggest	VERB
cjal-9190	751	14	that	that	SCONJ
cjal-9190	751	15	the	the	DET
cjal-9190	751	16	ccp	ccp	PROPN
cjal-9190	751	17	realizes	realize	VERB
cjal-9190	751	18	the	the	DET
cjal-9190	751	19	corporate	corporate	ADJ
cjal-9190	751	20	governance	governance	NOUN
cjal-9190	751	21	and	and	CCONJ
cjal-9190	751	22	economic	economic	ADJ
cjal-9190	751	23	benefits	benefit	NOUN
cjal-9190	751	24	of	of	ADP
cjal-9190	751	25	having	have	VERB
cjal-9190	751	26	soiis	soiis	NOUN
cjal-9190	751	27	serve	serve	VERB
cjal-9190	751	28	as	as	ADP
cjal-9190	751	29	a	a	DET
cjal-9190	751	30	check	check	NOUN
cjal-9190	751	31	on	on	ADP
cjal-9190	751	32	the	the	DET
cjal-9190	751	33	controlling	control	VERB
cjal-9190	751	34	shareholder	shareholder	NOUN
cjal-9190	751	35	power	power	NOUN
cjal-9190	751	36	of	of	ADP
cjal-9190	751	37	soes	soe	NOUN
cjal-9190	751	38	,	,	PUNCT
cjal-9190	751	39	which	which	PRON
cjal-9190	751	40	is	be	AUX
cjal-9190	751	41	congruent	congruent	ADJ
cjal-9190	751	42	with	with	ADP
cjal-9190	751	43	the	the	DET
cjal-9190	751	44	ccp	ccp	PROPN
cjal-9190	751	45	’s	’s	PART
cjal-9190	751	46	long	long	ADV
cjal-9190	751	47	-	-	PUNCT
cjal-9190	751	48	standing	stand	VERB
cjal-9190	751	49	policy	policy	NOUN
cjal-9190	751	50	to	to	PART
cjal-9190	751	51	support	support	VERB
cjal-9190	751	52	the	the	DET
cjal-9190	751	53	development	development	NOUN
cjal-9190	751	54	of	of	ADP
cjal-9190	751	55	institutional	institutional	ADJ
cjal-9190	751	56	investors	investor	NOUN
cjal-9190	751	57	as	as	ADP
cjal-9190	751	58	a	a	DET
cjal-9190	751	59	mechanism	mechanism	NOUN
cjal-9190	751	60	to	to	PART
cjal-9190	751	61	improve	improve	VERB
cjal-9190	751	62	corporate	corporate	ADJ
cjal-9190	751	63	governance	governance	NOUN
cjal-9190	751	64	and	and	CCONJ
cjal-9190	751	65	stabilize	stabilize	VERB
cjal-9190	751	66	the	the	DET
cjal-9190	751	67	stock	stock	NOUN
cjal-9190	751	68	market.195	market.195	ADP
cjal-9190	751	69	the	the	DET
cjal-9190	751	70	activist	activist	ADJ
cjal-9190	751	71	campaigns	campaign	NOUN
cjal-9190	751	72	by	by	ADP
cjal-9190	751	73	soiis	soiis	NOUN
cjal-9190	751	74	against	against	ADP
cjal-9190	751	75	poes	poe	NOUN
cjal-9190	751	76	also	also	ADV
cjal-9190	751	77	suggest	suggest	VERB
cjal-9190	751	78	that	that	SCONJ
cjal-9190	751	79	the	the	DET
cjal-9190	751	80	ccp	ccp	PROPN
cjal-9190	751	81	uses	use	VERB
cjal-9190	751	82	soiis	soiis	NOUN
cjal-9190	751	83	as	as	ADP
cjal-9190	751	84	a	a	DET
cjal-9190	751	85	mechanism	mechanism	NOUN
cjal-9190	751	86	to	to	PART
cjal-9190	751	87	serve	serve	VERB
cjal-9190	751	88	as	as	ADP
cjal-9190	751	89	a	a	DET
cjal-9190	751	90	check	check	NOUN
cjal-9190	751	91	on	on	ADP
cjal-9190	751	92	controlling	control	VERB
cjal-9190	751	93	shareholder	shareholder	NOUN
cjal-9190	751	94	power	power	NOUN
cjal-9190	751	95	more	more	ADJ
cjal-9190	751	96	generally.196	generally.196	NOUN
cjal-9190	751	97	this	this	PRON
cjal-9190	751	98	comports	comport	VERB
cjal-9190	751	99	with	with	ADP
cjal-9190	751	100	the	the	DET
cjal-9190	751	101	government	government	NOUN
cjal-9190	751	102	’s	’s	PART
cjal-9190	751	103	creation	creation	NOUN
cjal-9190	751	104	of	of	ADP
cjal-9190	751	105	the	the	DET
cjal-9190	751	106	china	china	PROPN
cjal-9190	751	107	securities	securities	PROPN
cjal-9190	751	108	investor	investor	PROPN
cjal-9190	751	109	services	service	NOUN
cjal-9190	751	110	centre	centre	NOUN
cjal-9190	751	111	(	(	PUNCT
cjal-9190	751	112	isc)—a	isc)—a	ADJ
cjal-9190	751	113	non	non	ADJ
cjal-9190	751	114	-	-	ADJ
cjal-9190	751	115	profit	profit	ADJ
cjal-9190	751	116	organization	organization	NOUN
cjal-9190	751	117	that	that	PRON
cjal-9190	751	118	owns	own	VERB
cjal-9190	751	119	100	100	NUM
cjal-9190	751	120	shares	share	NOUN
cjal-9190	751	121	in	in	ADP
cjal-9190	751	122	all	all	DET
cjal-9190	751	123	a	a	DET
cjal-9190	751	124	-	-	PUNCT
cjal-9190	751	125	shares	share	NOUN
cjal-9190	751	126	companies	company	NOUN
cjal-9190	751	127	for	for	ADP
cjal-9190	751	128	the	the	DET
cjal-9190	751	129	purpose	purpose	NOUN
cjal-9190	751	130	of	of	ADP
cjal-9190	751	131	facilitating	facilitate	VERB
cjal-9190	751	132	lawsuits	lawsuit	NOUN
cjal-9190	751	133	to	to	PART
cjal-9190	751	134	protect	protect	VERB
cjal-9190	751	135	minority	minority	NOUN
cjal-9190	751	136	shareholders	shareholder	NOUN
cjal-9190	751	137	’	'	PUNCT
cjal-9190	751	138	rights.197	rights.197	NOUN
cjal-9190	751	139	as	as	ADP
cjal-9190	751	140	of	of	ADP
cjal-9190	751	141	april	april	PROPN
cjal-9190	751	142	2020	2020	NUM
cjal-9190	751	143	,	,	PUNCT
cjal-9190	751	144	the	the	DET
cjal-9190	751	145	isc	isc	PROPN
cjal-9190	751	146	had	have	AUX
cjal-9190	751	147	facilitated	facilitate	VERB
cjal-9190	751	148	25	25	NUM
cjal-9190	751	149	cases	case	NOUN
cjal-9190	751	150	by	by	ADP
cjal-9190	751	151	appointing	appoint	VERB
cjal-9190	751	152	attorneys	attorney	NOUN
cjal-9190	751	153	for	for	ADP
cjal-9190	751	154	the	the	DET
cjal-9190	751	155	claimant	claimant	ADJ
cjal-9190	751	156	minority	minority	NOUN
cjal-9190	751	157	shareholders	shareholder	NOUN
cjal-9190	751	158	and	and	CCONJ
cjal-9190	751	159	had	have	AUX
cjal-9190	751	160	successfully	successfully	ADV
cjal-9190	751	161	filed	file	VERB
cjal-9190	751	162	a	a	DET
cjal-9190	751	163	lawsuit	lawsuit	NOUN
cjal-9190	751	164	in	in	ADP
cjal-9190	751	165	its	its	PRON
cjal-9190	751	166	own	own	ADJ
cjal-9190	751	167	name	name	NOUN
cjal-9190	751	168	to	to	PART
cjal-9190	751	169	invalidate	invalidate	VERB
cjal-9190	751	170	a	a	DET
cjal-9190	751	171	corporate	corporate	ADJ
cjal-9190	751	172	resolution	resolution	NOUN
cjal-9190	751	173	in	in	ADP
cjal-9190	751	174	an	an	DET
cjal-9190	751	175	investee	investee	NOUN
cjal-9190	751	176	company.198	company.198	NOUN
cjal-9190	751	177	the	the	DET
cjal-9190	751	178	isc	isc	PROPN
cjal-9190	751	179	also	also	ADV
cjal-9190	751	180	acts	act	VERB
cjal-9190	751	181	as	as	ADP
cjal-9190	751	182	a	a	DET
cjal-9190	751	183	mediator	mediator	NOUN
cjal-9190	751	184	to	to	PART
cjal-9190	751	185	help	help	VERB
cjal-9190	751	186	resolve	resolve	VERB
cjal-9190	751	187	corporate	corporate	ADJ
cjal-9190	751	188	governance	governance	NOUN
cjal-9190	751	189	disputes	dispute	NOUN
cjal-9190	751	190	between	between	ADP
cjal-9190	751	191	institutional	institutional	ADJ
cjal-9190	751	192	investors	investor	NOUN
cjal-9190	751	193	and	and	CCONJ
cjal-9190	751	194	investee	investee	NOUN
cjal-9190	751	195	companies	company	NOUN
cjal-9190	751	196	free	free	ADJ
cjal-9190	751	197	of	of	ADP
cjal-9190	751	198	charge	charge	NOUN
cjal-9190	751	199	.	.	PUNCT
cjal-9190	752	1	199	199	NUM
cjal-9190	752	2	this	this	PRON
cjal-9190	752	3	is	be	AUX
cjal-9190	752	4	congruent	congruent	ADJ
cjal-9190	752	5	with	with	ADP
cjal-9190	752	6	the	the	DET
cjal-9190	752	7	amendments	amendment	NOUN
cjal-9190	752	8	made	make	VERB
cjal-9190	752	9	to	to	ADP
cjal-9190	752	10	the	the	DET
cjal-9190	752	11	2020	2020	NUM
cjal-9190	752	12	corporate	corporate	ADJ
cjal-9190	752	13	governance	governance	NOUN
cjal-9190	752	14	code	code	NOUN
cjal-9190	752	15	,	,	PUNCT
cjal-9190	752	16	which	which	PRON
cjal-9190	752	17	encourages	encourage	VERB
cjal-9190	752	18	institutional	institutional	ADJ
cjal-9190	752	19	investors	investor	NOUN
cjal-9190	752	20	to	to	PART
cjal-9190	752	21	be	be	AUX
cjal-9190	752	22	actively	actively	ADV
cjal-9190	752	23	engaged	engage	VERB
cjal-9190	752	24	in	in	ADP
cjal-9190	752	25	the	the	DET
cjal-9190	752	26	194	194	NUM
cjal-9190	753	1	i	i	PRON
cjal-9190	753	2	d.	d.	PROPN
cjal-9190	753	3	195	195	NUM
cjal-9190	754	1	i	i	PROPN
cjal-9190	754	2	d.	d.	PROPN
cjal-9190	754	3	196	196	NUM
cjal-9190	755	1	i	i	PRON
cjal-9190	755	2	d.	d.	PROPN
cjal-9190	755	3	197	197	NUM
cjal-9190	756	1	robin	robin	PROPN
cjal-9190	756	2	hui	hui	PROPN
cjal-9190	756	3	huang	huang	PROPN
cjal-9190	756	4	,	,	PUNCT
cjal-9190	756	5	rethinking	rethink	VERB
cjal-9190	756	6	the	the	DET
cjal-9190	756	7	relationship	relationship	NOUN
cjal-9190	756	8	between	between	ADP
cjal-9190	756	9	public	public	ADJ
cjal-9190	756	10	regulation	regulation	NOUN
cjal-9190	756	11	and	and	CCONJ
cjal-9190	756	12	private	private	ADJ
cjal-9190	756	13	litigation	litigation	NOUN
cjal-9190	756	14	:	:	PUNCT
cjal-9190	756	15	evidence	evidence	NOUN
cjal-9190	756	16	from	from	ADP
cjal-9190	756	17	securities	security	NOUN
cjal-9190	756	18	class	class	NOUN
cjal-9190	756	19	action	action	NOUN
cjal-9190	756	20	in	in	ADP
cjal-9190	756	21	china	china	PROPN
cjal-9190	756	22	,	,	PUNCT
cjal-9190	756	23	19	19	NUM
cjal-9190	756	24	theoretical	theoretical	ADJ
cjal-9190	756	25	inquiries	inquiry	NOUN
cjal-9190	756	26	l.	l.	PROPN
cjal-9190	756	27	333	333	NUM
cjal-9190	756	28	,	,	PUNCT
cjal-9190	756	29	359	359	NUM
cjal-9190	756	30	(	(	PUNCT
cjal-9190	756	31	2018	2018	NUM
cjal-9190	756	32	)	)	PUNCT
cjal-9190	756	33	;	;	PUNCT
cjal-9190	756	34	cheng	cheng	PROPN
cjal-9190	756	35	,	,	PUNCT
cjal-9190	756	36	supra	supra	PROPN
cjal-9190	756	37	note	note	PROPN
cjal-9190	756	38	157	157	NUM
cjal-9190	756	39	,	,	PUNCT
cjal-9190	756	40	at	at	ADP
cjal-9190	756	41	20	20	NUM
cjal-9190	756	42	.	.	SYM
cjal-9190	757	1	198	198	NUM
cjal-9190	757	2	cheng	cheng	PROPN
cjal-9190	757	3	,	,	PUNCT
cjal-9190	757	4	supra	supra	PROPN
cjal-9190	757	5	note	note	PROPN
cjal-9190	757	6	157	157	NUM
cjal-9190	757	7	,	,	PUNCT
cjal-9190	757	8	at	at	ADP
cjal-9190	757	9	24	24	NUM
cjal-9190	757	10	;	;	PUNCT
cjal-9190	757	11	china	china	PROPN
cjal-9190	757	12	securities	securities	PROPN
cjal-9190	757	13	investor	investor	PROPN
cjal-9190	757	14	services	service	NOUN
cjal-9190	757	15	center	center	NOUN
cjal-9190	757	16	,	,	PUNCT
cjal-9190	757	17	rights	right	NOUN
cjal-9190	757	18	protection	protection	NOUN
cjal-9190	757	19	service	service	NOUN
cjal-9190	757	20	(	(	PUNCT
cjal-9190	757	21	中	中	NOUN
cjal-9190	758	1	证	证	NOUN
cjal-9190	758	2	中	中	NOUN
cjal-9190	758	3	小	小	PRON
cjal-9190	758	4	投	投	NOUN
cjal-9190	758	5	资	资	X
cjal-9190	758	6	者	者	VERB
cjal-9190	758	7	服	服	PUNCT
cjal-9190	758	8	务	务	NOUN
cjal-9190	758	9	中	中	NOUN
cjal-9190	758	10	心	心	NOUN
cjal-9190	758	11	)	)	PUNCT
cjal-9190	758	12	,	,	PUNCT
cjal-9190	758	13	http://www.isc.com.cn/html/wqfw/.	http://www.isc.com.cn/html/wqfw/.	PROPN
cjal-9190	758	14	199	199	NUM
cjal-9190	758	15	cheng	cheng	NOUN
cjal-9190	758	16	,	,	PUNCT
cjal-9190	758	17	supra	supra	PROPN
cjal-9190	758	18	note	note	PROPN
cjal-9190	758	19	157	157	NUM
cjal-9190	758	20	,	,	PUNCT
cjal-9190	758	21	at	at	ADP
cjal-9190	758	22	24	24	NUM
cjal-9190	758	23	;	;	PUNCT
cjal-9190	758	24	guan	guan	PROPN
cjal-9190	758	25	yu	yu	PROPN
cjal-9190	758	26	quan	quan	PROPN
cjal-9190	758	27	mian	mian	PROPN
cjal-9190	758	28	tui	tui	PROPN
cjal-9190	758	29	jing	jing	PROPN
cjal-9190	758	30	zheng	zheng	PROPN
cjal-9190	758	31	quan	quan	PROPN
cjal-9190	758	32	qi	qi	PROPN
cjal-9190	758	33	huo	huo	PROPN
cjal-9190	759	1	jiu	jiu	PROPN
cjal-9190	759	2	feng	feng	PROPN
cjal-9190	759	3	duo	duo	PROPN
cjal-9190	759	4	yuan	yuan	PROPN
cjal-9190	759	5	hua	hua	PROPN
cjal-9190	759	6	jie	jie	PROPN
cjal-9190	759	7	ji	ji	PROPN
cjal-9190	759	8	zhi	zhi	PROPN
cjal-9190	759	9	jian	jian	PROPN
cjal-9190	759	10	she	she	PRON
cjal-9190	759	11	de	de	PROPN
cjal-9190	759	12	yi	yi	PROPN
cjal-9190	759	13	jian	jian	PROPN
cjal-9190	759	14	de	de	PROPN
cjal-9190	759	15	tong	tong	PROPN
cjal-9190	759	16	zhi	zhi	PROPN
cjal-9190	759	17	(	(	PUNCT
cjal-9190	759	18	关于全面推进	关于全面推进	NOUN
cjal-9190	759	19	证券期货纠纷多元化解机制建设的意见的通知	证券期货纠纷多元化解机制建设的意见的通知	ADJ
cjal-9190	759	20	)	)	PUNCT
cjal-9190	760	1	[	[	X
cjal-9190	760	2	notice	notice	NOUN
cjal-9190	760	3	on	on	ADP
cjal-9190	760	4	comprehensively	comprehensively	ADV
cjal-9190	760	5	advancing	advance	VERB
cjal-9190	760	6	establishment	establishment	NOUN
cjal-9190	760	7	of	of	ADP
cjal-9190	760	8	diversified	diversified	ADJ
cjal-9190	760	9	resolution	resolution	NOUN
cjal-9190	760	10	mechanism	mechanism	NOUN
cjal-9190	760	11	of	of	ADP
cjal-9190	760	12	securities	security	NOUN
cjal-9190	760	13	and	and	CCONJ
cjal-9190	760	14	futures	future	NOUN
cjal-9190	760	15	disputes	dispute	NOUN
cjal-9190	760	16	]	]	PUNCT
cjal-9190	760	17	,	,	PUNCT
cjal-9190	760	18	(	(	PUNCT
cjal-9190	760	19	promulgated	promulgate	VERB
cjal-9190	760	20	by	by	ADP
cjal-9190	760	21	the	the	DET
cjal-9190	760	22	supreme	supreme	PROPN
cjal-9190	760	23	people	people	PROPN
cjal-9190	760	24	’s	’s	PART
cjal-9190	760	25	court	court	NOUN
cjal-9190	760	26	of	of	ADP
cjal-9190	760	27	prc	prc	PROPN
cjal-9190	760	28	and	and	CCONJ
cjal-9190	760	29	the	the	DET
cjal-9190	760	30	china	china	PROPN
cjal-9190	760	31	securities	securities	PROPN
cjal-9190	760	32	regulatory	regulatory	PROPN
cjal-9190	760	33	commission	commission	PROPN
cjal-9190	760	34	on	on	ADP
cjal-9190	760	35	nov	nov	PROPN
cjal-9190	760	36	.	.	PROPN
cjal-9190	760	37	13	13	NUM
cjal-9190	760	38	,	,	PUNCT
cjal-9190	760	39	2018	2018	NUM
cjal-9190	760	40	)	)	PUNCT
cjal-9190	760	41	,	,	PUNCT
cjal-9190	761	1	[	[	X
cjal-9190	761	2	2018	2018	NUM
cjal-9190	761	3	]	]	PUNCT
cjal-9190	761	4	no	no	INTJ
cjal-9190	761	5	.	.	NOUN
cjal-9190	761	6	305	305	NUM
cjal-9190	761	7	of	of	ADP
cjal-9190	761	8	the	the	DET
cjal-9190	761	9	spc	spc	PROPN
cjal-9190	761	10	.	.	PROPN
cjal-9190	761	11	132	132	NUM
cjal-9190	761	12	institutional	institutional	ADJ
cjal-9190	761	13	investors	investor	NOUN
cjal-9190	761	14	in	in	ADP
cjal-9190	761	15	china	china	PROPN
cjal-9190	762	1	[	[	X
cjal-9190	762	2	vol	vol	NOUN
cjal-9190	762	3	.	.	PUNCT
cjal-9190	762	4	35	35	NUM
cjal-9190	762	5	:	:	SYM
cjal-9190	762	6	74	74	NUM
cjal-9190	762	7	corporate	corporate	ADJ
cjal-9190	762	8	governance	governance	NOUN
cjal-9190	762	9	of	of	ADP
cjal-9190	762	10	their	their	PRON
cjal-9190	762	11	investee	investee	NOUN
cjal-9190	762	12	companies.200	companies.200	NOUN
cjal-9190	762	13	as	as	SCONJ
cjal-9190	762	14	highlighted	highlight	VERB
cjal-9190	762	15	in	in	ADP
cjal-9190	762	16	part	part	PROPN
cjal-9190	762	17	ii	ii	PROPN
cjal-9190	762	18	,	,	PUNCT
cjal-9190	762	19	this	this	PRON
cjal-9190	762	20	is	be	AUX
cjal-9190	762	21	unsurprising	unsurprising	ADJ
cjal-9190	762	22	based	base	VERB
cjal-9190	762	23	on	on	ADP
cjal-9190	762	24	the	the	DET
cjal-9190	762	25	long	long	ADJ
cjal-9190	762	26	history	history	NOUN
cjal-9190	762	27	of	of	ADP
cjal-9190	762	28	the	the	DET
cjal-9190	762	29	ccp	ccp	PROPN
cjal-9190	762	30	promoting	promote	VERB
cjal-9190	762	31	the	the	DET
cjal-9190	762	32	development	development	NOUN
cjal-9190	762	33	of	of	ADP
cjal-9190	762	34	institutional	institutional	ADJ
cjal-9190	762	35	investors	investor	NOUN
cjal-9190	762	36	as	as	ADP
cjal-9190	762	37	a	a	DET
cjal-9190	762	38	mechanism	mechanism	NOUN
cjal-9190	762	39	to	to	PART
cjal-9190	762	40	stabilize	stabilize	VERB
cjal-9190	762	41	the	the	DET
cjal-9190	762	42	market	market	NOUN
cjal-9190	762	43	and	and	CCONJ
cjal-9190	762	44	improve	improve	VERB
cjal-9190	762	45	corporate	corporate	ADJ
cjal-9190	762	46	governance	governance	NOUN
cjal-9190	762	47	.	.	PUNCT
cjal-9190	763	1	it	it	PRON
cjal-9190	763	2	also	also	ADV
cjal-9190	763	3	provides	provide	VERB
cjal-9190	763	4	strong	strong	ADJ
cjal-9190	763	5	evidence	evidence	NOUN
cjal-9190	763	6	that	that	SCONJ
cjal-9190	763	7	on	on	ADP
cjal-9190	763	8	a	a	DET
cjal-9190	763	9	day	day	NOUN
cjal-9190	763	10	-	-	PUNCT
cjal-9190	763	11	to	to	ADP
cjal-9190	763	12	-	-	PUNCT
cjal-9190	763	13	day	day	NOUN
cjal-9190	763	14	basis	basis	NOUN
cjal-9190	763	15	—	—	PUNCT
cjal-9190	763	16	outside	outside	ADV
cjal-9190	763	17	of	of	ADP
cjal-9190	763	18	extraordinary	extraordinary	ADJ
cjal-9190	763	19	political	political	ADJ
cjal-9190	763	20	and	and	CCONJ
cjal-9190	763	21	market	market	NOUN
cjal-9190	763	22	events	event	NOUN
cjal-9190	763	23	—	—	PUNCT
cjal-9190	763	24	the	the	DET
cjal-9190	763	25	ccp	ccp	PROPN
cjal-9190	763	26	not	not	PART
cjal-9190	763	27	only	only	ADV
cjal-9190	763	28	allows	allow	VERB
cjal-9190	763	29	,	,	PUNCT
cjal-9190	763	30	but	but	CCONJ
cjal-9190	763	31	encourages	encourage	NOUN
cjal-9190	763	32	,	,	PUNCT
cjal-9190	763	33	institutional	institutional	ADJ
cjal-9190	763	34	investors	investor	NOUN
cjal-9190	763	35	to	to	PART
cjal-9190	763	36	be	be	AUX
cjal-9190	763	37	actively	actively	ADV
cjal-9190	763	38	engaged	engage	VERB
cjal-9190	763	39	shareholders	shareholder	NOUN
cjal-9190	763	40	driven	drive	VERB
cjal-9190	763	41	primarily	primarily	ADV
cjal-9190	763	42	by	by	ADP
cjal-9190	763	43	free	free	ADJ
cjal-9190	763	44	-	-	PUNCT
cjal-9190	763	45	market	market	NOUN
cjal-9190	763	46	forces	force	NOUN
cjal-9190	763	47	.	.	PUNCT
cjal-9190	764	1	finally	finally	ADV
cjal-9190	764	2	,	,	PUNCT
cjal-9190	764	3	to	to	PART
cjal-9190	764	4	be	be	AUX
cjal-9190	764	5	clear	clear	ADJ
cjal-9190	764	6	,	,	PUNCT
cjal-9190	764	7	we	we	PRON
cjal-9190	764	8	are	be	AUX
cjal-9190	764	9	not	not	PART
cjal-9190	764	10	suggesting	suggest	VERB
cjal-9190	764	11	that	that	SCONJ
cjal-9190	764	12	the	the	DET
cjal-9190	764	13	system	system	NOUN
cjal-9190	764	14	is	be	AUX
cjal-9190	764	15	perfectly	perfectly	ADV
cjal-9190	764	16	bifurcated	bifurcate	VERB
cjal-9190	764	17	between	between	ADP
cjal-9190	764	18	soiis	soiis	NOUN
cjal-9190	764	19	/	/	SYM
cjal-9190	764	20	poiis	poiis	NOUN
cjal-9190	764	21	always	always	ADV
cjal-9190	764	22	serving	serve	VERB
cjal-9190	764	23	as	as	ADP
cjal-9190	764	24	an	an	DET
cjal-9190	764	25	effective	effective	ADJ
cjal-9190	764	26	mechanism	mechanism	NOUN
cjal-9190	764	27	for	for	ADP
cjal-9190	764	28	policy	policy	NOUN
cjal-9190	764	29	channeling	channel	VERB
cjal-9190	764	30	in	in	ADP
cjal-9190	764	31	extraordinary	extraordinary	ADJ
cjal-9190	764	32	times	time	NOUN
cjal-9190	764	33	and	and	CCONJ
cjal-9190	764	34	always	always	ADV
cjal-9190	764	35	being	be	AUX
cjal-9190	764	36	an	an	DET
cjal-9190	764	37	efficient	efficient	ADJ
cjal-9190	764	38	corporate	corporate	ADJ
cjal-9190	764	39	governance	governance	NOUN
cjal-9190	764	40	mechanism	mechanism	NOUN
cjal-9190	764	41	on	on	ADP
cjal-9190	764	42	a	a	DET
cjal-9190	764	43	dayto	dayto	NOUN
cjal-9190	764	44	-	-	PUNCT
cjal-9190	764	45	day	day	NOUN
cjal-9190	764	46	basis	basis	NOUN
cjal-9190	764	47	.	.	PUNCT
cjal-9190	765	1	empirical	empirical	ADJ
cjal-9190	765	2	studies	study	NOUN
cjal-9190	765	3	in	in	ADP
cjal-9190	765	4	part	part	NOUN
cjal-9190	765	5	iii	iii	NUM
cjal-9190	765	6	suggest	suggest	VERB
cjal-9190	765	7	that	that	SCONJ
cjal-9190	765	8	in	in	ADP
cjal-9190	765	9	some	some	DET
cjal-9190	765	10	instances	instance	NOUN
cjal-9190	765	11	soiis	soiis	NOUN
cjal-9190	765	12	may	may	AUX
cjal-9190	765	13	be	be	AUX
cjal-9190	765	14	less	less	ADV
cjal-9190	765	15	effective	effective	ADJ
cjal-9190	765	16	than	than	ADP
cjal-9190	765	17	poiis	poiis	ADJ
cjal-9190	765	18	and/or	and/or	CCONJ
cjal-9190	765	19	foiis	foiis	ADJ
cjal-9190	765	20	in	in	ADP
cjal-9190	765	21	monitoring	monitor	VERB
cjal-9190	765	22	investee	investee	NOUN
cjal-9190	765	23	companies	company	NOUN
cjal-9190	765	24	.	.	PUNCT
cjal-9190	766	1	201	201	NUM
cjal-9190	766	2	in	in	ADP
cjal-9190	766	3	other	other	ADJ
cjal-9190	766	4	instances	instance	NOUN
cjal-9190	766	5	,	,	PUNCT
cjal-9190	766	6	empirical	empirical	ADJ
cjal-9190	766	7	evidence	evidence	NOUN
cjal-9190	766	8	suggests	suggest	VERB
cjal-9190	766	9	that	that	SCONJ
cjal-9190	766	10	soes	soe	NOUN
cjal-9190	766	11	may	may	AUX
cjal-9190	766	12	be	be	AUX
cjal-9190	766	13	more	more	ADV
cjal-9190	766	14	insulated	insulated	ADJ
cjal-9190	766	15	against	against	ADP
cjal-9190	766	16	corporate	corporate	ADJ
cjal-9190	766	17	governance	governance	NOUN
cjal-9190	766	18	pressure	pressure	NOUN
cjal-9190	766	19	from	from	ADP
cjal-9190	766	20	institutional	institutional	ADJ
cjal-9190	766	21	investors	investor	NOUN
cjal-9190	766	22	than	than	SCONJ
cjal-9190	766	23	poes.202	poes.202	PROPN
cjal-9190	766	24	this	this	PRON
cjal-9190	766	25	suggests	suggest	VERB
cjal-9190	766	26	that	that	SCONJ
cjal-9190	766	27	sometimes	sometimes	ADV
cjal-9190	766	28	,	,	PUNCT
cjal-9190	766	29	on	on	ADP
cjal-9190	766	30	a	a	DET
cjal-9190	766	31	day	day	NOUN
cjal-9190	766	32	-	-	PUNCT
cjal-9190	766	33	to	to	ADP
cjal-9190	766	34	-	-	PUNCT
cjal-9190	766	35	day	day	NOUN
cjal-9190	766	36	basis	basis	NOUN
cjal-9190	766	37	,	,	PUNCT
cjal-9190	766	38	the	the	DET
cjal-9190	766	39	lack	lack	NOUN
cjal-9190	766	40	of	of	ADP
cjal-9190	766	41	independence	independence	NOUN
cjal-9190	766	42	from	from	ADP
cjal-9190	766	43	the	the	DET
cjal-9190	766	44	government	government	NOUN
cjal-9190	766	45	may	may	AUX
cjal-9190	766	46	blunt	blunt	VERB
cjal-9190	766	47	the	the	DET
cjal-9190	766	48	effectiveness	effectiveness	NOUN
cjal-9190	766	49	of	of	ADP
cjal-9190	766	50	soiis	soiis	NOUN
cjal-9190	766	51	and	and	CCONJ
cjal-9190	766	52	shield	shield	NOUN
cjal-9190	766	53	soes	soe	NOUN
cjal-9190	766	54	from	from	ADP
cjal-9190	766	55	effective	effective	ADJ
cjal-9190	766	56	monitoring	monitoring	NOUN
cjal-9190	766	57	by	by	ADP
cjal-9190	766	58	institutional	institutional	ADJ
cjal-9190	766	59	investors	investor	NOUN
cjal-9190	766	60	.	.	PUNCT
cjal-9190	767	1	this	this	PRON
cjal-9190	767	2	may	may	AUX
cjal-9190	767	3	be	be	AUX
cjal-9190	767	4	more	more	ADV
cjal-9190	767	5	likely	likely	ADJ
cjal-9190	767	6	to	to	PART
cjal-9190	767	7	occur	occur	VERB
cjal-9190	767	8	when	when	SCONJ
cjal-9190	767	9	the	the	DET
cjal-9190	767	10	circumstances	circumstance	NOUN
cjal-9190	767	11	in	in	ADP
cjal-9190	767	12	a	a	DET
cjal-9190	767	13	given	give	VERB
cjal-9190	767	14	case	case	NOUN
cjal-9190	767	15	elevate	elevate	VERB
cjal-9190	767	16	a	a	DET
cjal-9190	767	17	corporate	corporate	ADJ
cjal-9190	767	18	governance	governance	NOUN
cjal-9190	767	19	issue	issue	NOUN
cjal-9190	767	20	into	into	ADP
cjal-9190	767	21	an	an	DET
cjal-9190	767	22	issue	issue	NOUN
cjal-9190	767	23	of	of	ADP
cjal-9190	767	24	political	political	ADJ
cjal-9190	767	25	importance	importance	NOUN
cjal-9190	767	26	to	to	ADP
cjal-9190	767	27	the	the	DET
cjal-9190	767	28	ccp	ccp	PROPN
cjal-9190	767	29	.	.	PUNCT
cjal-9190	768	1	however	however	ADV
cjal-9190	768	2	,	,	PUNCT
cjal-9190	768	3	based	base	VERB
cjal-9190	768	4	on	on	ADP
cjal-9190	768	5	the	the	DET
cjal-9190	768	6	totality	totality	NOUN
cjal-9190	768	7	of	of	ADP
cjal-9190	768	8	the	the	DET
cjal-9190	768	9	empirical	empirical	ADJ
cjal-9190	768	10	,	,	PUNCT
cjal-9190	768	11	case	case	NOUN
cjal-9190	768	12	study	study	NOUN
cjal-9190	768	13	,	,	PUNCT
cjal-9190	768	14	and	and	CCONJ
cjal-9190	768	15	interview	interview	NOUN
cjal-9190	768	16	evidence	evidence	NOUN
cjal-9190	768	17	,	,	PUNCT
cjal-9190	768	18	it	it	PRON
cjal-9190	768	19	is	be	AUX
cjal-9190	768	20	our	our	PRON
cjal-9190	768	21	view	view	NOUN
cjal-9190	768	22	that	that	SCONJ
cjal-9190	768	23	this	this	PRON
cjal-9190	768	24	stylized	stylize	VERB
cjal-9190	768	25	picture	picture	NOUN
cjal-9190	768	26	of	of	ADP
cjal-9190	768	27	the	the	DET
cjal-9190	768	28	ccps	ccp	NOUN
cjal-9190	768	29	formal	formal	ADJ
cjal-9190	768	30	and	and	CCONJ
cjal-9190	768	31	informal	informal	ADJ
cjal-9190	768	32	targeted	target	VERB
cjal-9190	768	33	use	use	NOUN
cjal-9190	768	34	of	of	ADP
cjal-9190	768	35	policy	policy	NOUN
cjal-9190	768	36	channeling	channeling	NOUN
cjal-9190	768	37	(	(	PUNCT
cjal-9190	768	38	or	or	CCONJ
cjal-9190	768	39	lack	lack	NOUN
cjal-9190	768	40	thereof	thereof	ADV
cjal-9190	768	41	)	)	PUNCT
cjal-9190	768	42	,	,	PUNCT
cjal-9190	768	43	as	as	SCONJ
cjal-9190	768	44	depicted	depict	VERB
cjal-9190	768	45	in	in	ADP
cjal-9190	768	46	diagram	diagram	NOUN
cjal-9190	768	47	1	1	NUM
cjal-9190	768	48	,	,	PUNCT
cjal-9190	768	49	largely	largely	ADV
cjal-9190	768	50	approximates	approximate	VERB
cjal-9190	768	51	what	what	PRON
cjal-9190	768	52	plays	play	VERB
cjal-9190	768	53	out	out	ADP
cjal-9190	768	54	in	in	ADP
cjal-9190	768	55	practice	practice	NOUN
cjal-9190	768	56	.	.	PUNCT
cjal-9190	769	1	200	200	NUM
cjal-9190	769	2	see	see	VERB
cjal-9190	769	3	supra	supra	PROPN
cjal-9190	769	4	part	part	PROPN
cjal-9190	769	5	ii	ii	PROPN
cjal-9190	769	6	(	(	PUNCT
cjal-9190	769	7	principle	principle	NOUN
cjal-9190	769	8	11	11	NUM
cjal-9190	769	9	of	of	ADP
cjal-9190	769	10	the	the	DET
cjal-9190	769	11	chinese	chinese	ADJ
cjal-9190	769	12	corporate	corporate	ADJ
cjal-9190	769	13	governance	governance	NOUN
cjal-9190	769	14	code	code	NOUN
cjal-9190	769	15	)	)	PUNCT
cjal-9190	769	16	201	201	NUM
cjal-9190	769	17	see	see	VERB
cjal-9190	769	18	supra	supra	PROPN
cjal-9190	769	19	part	part	PROPN
cjal-9190	769	20	iii	iii	PROPN
cjal-9190	769	21	.	.	PUNCT
cjal-9190	770	1	202	202	NUM
cjal-9190	770	2	see	see	VERB
cjal-9190	770	3	supra	supra	PROPN
cjal-9190	770	4	part	part	PROPN
cjal-9190	770	5	iii	iii	PROPN
cjal-9190	770	6	.	.	PROPN
cjal-9190	770	7	2022	2022	NUM
cjal-9190	770	8	]	]	PUNCT
cjal-9190	770	9	columbia	columbia	PROPN
cjal-9190	770	10	journal	journal	PROPN
cjal-9190	770	11	of	of	ADP
cjal-9190	770	12	asian	asian	ADJ
cjal-9190	770	13	law	law	PROPN
cjal-9190	770	14	133	133	NUM
cjal-9190	770	15	diagram	diagram	NOUN
cjal-9190	770	16	1	1	NUM
cjal-9190	770	17	:	:	PUNCT
cjal-9190	770	18	network	network	NOUN
cjal-9190	770	19	of	of	ADP
cjal-9190	770	20	influence	influence	NOUN
cjal-9190	770	21	over	over	ADP
cjal-9190	770	22	institutional	institutional	ADJ
cjal-9190	770	23	investors	investor	NOUN
cjal-9190	770	24	in	in	ADP
cjal-9190	770	25	china203	china203	PROPN
cjal-9190	770	26	203	203	NUM
cjal-9190	770	27	institutional	institutional	ADJ
cjal-9190	770	28	investors	investor	NOUN
cjal-9190	770	29	in	in	ADP
cjal-9190	770	30	diagram	diagram	NOUN
cjal-9190	770	31	1	1	NUM
cjal-9190	770	32	include	include	VERB
cjal-9190	770	33	general	general	ADJ
cjal-9190	770	34	legal	legal	ADJ
cjal-9190	770	35	persons	person	NOUN
cjal-9190	770	36	and	and	CCONJ
cjal-9190	770	37	non	non	ADJ
cjal-9190	770	38	-	-	ADJ
cjal-9190	770	39	legalperson	legalperson	ADJ
cjal-9190	770	40	enterprises	enterprise	NOUN
cjal-9190	770	41	,	,	PUNCT
cjal-9190	770	42	domestic	domestic	ADJ
cjal-9190	770	43	professional	professional	ADJ
cjal-9190	770	44	institutional	institutional	ADJ
cjal-9190	770	45	investors	investor	NOUN
cjal-9190	770	46	and	and	CCONJ
cjal-9190	770	47	foreign	foreign	ADJ
cjal-9190	770	48	institutional	institutional	ADJ
cjal-9190	770	49	investors	investor	NOUN
cjal-9190	770	50	,	,	PUNCT
cjal-9190	770	51	see	see	VERB
cjal-9190	770	52	supra	supra	PROPN
cjal-9190	770	53	chart	chart	PROPN
cjal-9190	770	54	3	3	NUM
cjal-9190	770	55	.	.	NOUN
cjal-9190	770	56	134	134	NUM
cjal-9190	770	57	institutional	institutional	ADJ
cjal-9190	770	58	investors	investor	NOUN
cjal-9190	770	59	in	in	ADP
cjal-9190	770	60	china	china	PROPN
cjal-9190	771	1	[	[	X
cjal-9190	771	2	vol	vol	NOUN
cjal-9190	771	3	.	.	PUNCT
cjal-9190	771	4	35	35	NUM
cjal-9190	771	5	:	:	SYM
cjal-9190	771	6	74	74	NUM
cjal-9190	771	7	v.	v.	ADP
cjal-9190	771	8	institutional	institutional	ADJ
cjal-9190	771	9	investors	investor	NOUN
cjal-9190	771	10	in	in	ADP
cjal-9190	771	11	china	china	PROPN
cjal-9190	771	12	:	:	PUNCT
cjal-9190	771	13	the	the	DET
cjal-9190	771	14	market	market	NOUN
cjal-9190	771	15	within	within	ADP
cjal-9190	771	16	the	the	DET
cjal-9190	771	17	state	state	NOUN
cjal-9190	771	18	institutional	institutional	ADJ
cjal-9190	771	19	investors	investor	NOUN
cjal-9190	771	20	have	have	AUX
cjal-9190	771	21	clearly	clearly	ADV
cjal-9190	771	22	become	become	VERB
cjal-9190	771	23	an	an	DET
cjal-9190	771	24	important	important	ADJ
cjal-9190	771	25	feature	feature	NOUN
cjal-9190	771	26	of	of	ADP
cjal-9190	771	27	chinese	chinese	ADJ
cjal-9190	771	28	corporate	corporate	ADJ
cjal-9190	771	29	governance	governance	NOUN
cjal-9190	771	30	that	that	PRON
cjal-9190	771	31	can	can	AUX
cjal-9190	771	32	no	no	ADV
cjal-9190	771	33	longer	long	ADV
cjal-9190	771	34	be	be	AUX
cjal-9190	771	35	ignored	ignore	VERB
cjal-9190	771	36	.	.	PUNCT
cjal-9190	772	1	this	this	DET
cjal-9190	772	2	article	article	NOUN
cjal-9190	772	3	takes	take	VERB
cjal-9190	772	4	the	the	DET
cjal-9190	772	5	first	first	ADJ
cjal-9190	772	6	step	step	NOUN
cjal-9190	772	7	,	,	PUNCT
cjal-9190	772	8	in	in	ADP
cjal-9190	772	9	what	what	PRON
cjal-9190	772	10	will	will	AUX
cjal-9190	772	11	likely	likely	ADV
cjal-9190	772	12	require	require	VERB
cjal-9190	772	13	an	an	DET
cjal-9190	772	14	academic	academic	ADJ
cjal-9190	772	15	marathon	marathon	NOUN
cjal-9190	772	16	,	,	PUNCT
cjal-9190	772	17	to	to	PART
cjal-9190	772	18	gain	gain	VERB
cjal-9190	772	19	an	an	DET
cjal-9190	772	20	accurate	accurate	ADJ
cjal-9190	772	21	understanding	understanding	NOUN
cjal-9190	772	22	of	of	ADP
cjal-9190	772	23	the	the	DET
cjal-9190	772	24	role	role	NOUN
cjal-9190	772	25	that	that	PRON
cjal-9190	772	26	institutional	institutional	ADJ
cjal-9190	772	27	investors	investor	NOUN
cjal-9190	772	28	play	play	VERB
cjal-9190	772	29	in	in	ADP
cjal-9190	772	30	china	china	PROPN
cjal-9190	772	31	’s	’s	PART
cjal-9190	772	32	unique	unique	ADJ
cjal-9190	772	33	model	model	NOUN
cjal-9190	772	34	of	of	ADP
cjal-9190	772	35	corporate	corporate	ADJ
cjal-9190	772	36	governance	governance	NOUN
cjal-9190	772	37	.	.	PUNCT
cjal-9190	773	1	from	from	ADP
cjal-9190	773	2	a	a	DET
cjal-9190	773	3	broader	broad	ADJ
cjal-9190	773	4	perspective	perspective	NOUN
cjal-9190	773	5	,	,	PUNCT
cjal-9190	773	6	there	there	PRON
cjal-9190	773	7	are	be	VERB
cjal-9190	773	8	three	three	NUM
cjal-9190	773	9	general	general	ADJ
cjal-9190	773	10	observations	observation	NOUN
cjal-9190	773	11	that	that	PRON
cjal-9190	773	12	can	can	AUX
cjal-9190	773	13	be	be	AUX
cjal-9190	773	14	drawn	draw	VERB
cjal-9190	773	15	from	from	ADP
cjal-9190	773	16	the	the	DET
cjal-9190	773	17	rise	rise	NOUN
cjal-9190	773	18	of	of	ADP
cjal-9190	773	19	institutional	institutional	ADJ
cjal-9190	773	20	investors	investor	NOUN
cjal-9190	773	21	in	in	ADP
cjal-9190	773	22	china	china	PROPN
cjal-9190	773	23	.	.	PUNCT
cjal-9190	774	1	first	first	ADV
cjal-9190	774	2	,	,	PUNCT
cjal-9190	774	3	the	the	DET
cjal-9190	774	4	rise	rise	NOUN
cjal-9190	774	5	of	of	ADP
cjal-9190	774	6	institutional	institutional	ADJ
cjal-9190	774	7	investors	investor	NOUN
cjal-9190	774	8	does	do	AUX
cjal-9190	774	9	not	not	PART
cjal-9190	774	10	portend	portend	VERB
cjal-9190	774	11	the	the	DET
cjal-9190	774	12	rise	rise	NOUN
cjal-9190	774	13	of	of	ADP
cjal-9190	774	14	an	an	DET
cjal-9190	774	15	anglo	anglo	ADJ
cjal-9190	774	16	-	-	PUNCT
cjal-9190	774	17	american	american	ADJ
cjal-9190	774	18	system	system	NOUN
cjal-9190	774	19	of	of	ADP
cjal-9190	774	20	corporate	corporate	ADJ
cjal-9190	774	21	governance	governance	NOUN
cjal-9190	774	22	or	or	CCONJ
cjal-9190	774	23	westernstyle	westernstyle	NOUN
cjal-9190	774	24	capitalism	capitalism	NOUN
cjal-9190	774	25	.	.	PUNCT
cjal-9190	775	1	at	at	ADP
cjal-9190	775	2	first	first	ADJ
cjal-9190	775	3	blush	blush	NOUN
cjal-9190	775	4	,	,	PUNCT
cjal-9190	775	5	the	the	DET
cjal-9190	775	6	rise	rise	NOUN
cjal-9190	775	7	in	in	ADP
cjal-9190	775	8	institutional	institutional	ADJ
cjal-9190	775	9	investors	investor	NOUN
cjal-9190	775	10	may	may	AUX
cjal-9190	775	11	suggest	suggest	VERB
cjal-9190	775	12	that	that	SCONJ
cjal-9190	775	13	china	china	PROPN
cjal-9190	775	14	is	be	AUX
cjal-9190	775	15	converging	converge	VERB
cjal-9190	775	16	on	on	ADP
cjal-9190	775	17	the	the	DET
cjal-9190	775	18	anglo	anglo	ADJ
cjal-9190	775	19	-	-	PUNCT
cjal-9190	775	20	american	american	ADJ
cjal-9190	775	21	model	model	NOUN
cjal-9190	775	22	of	of	ADP
cjal-9190	775	23	corporate	corporate	ADJ
cjal-9190	775	24	governance	governance	NOUN
cjal-9190	775	25	,	,	PUNCT
cjal-9190	775	26	with	with	ADP
cjal-9190	775	27	institutional	institutional	ADJ
cjal-9190	775	28	investors	investor	NOUN
cjal-9190	775	29	at	at	ADP
cjal-9190	775	30	its	its	PRON
cjal-9190	775	31	core	core	NOUN
cjal-9190	775	32	.	.	PUNCT
cjal-9190	776	1	however	however	ADV
cjal-9190	776	2	,	,	PUNCT
cjal-9190	776	3	if	if	SCONJ
cjal-9190	776	4	the	the	DET
cjal-9190	776	5	percentage	percentage	NOUN
cjal-9190	776	6	of	of	ADP
cjal-9190	776	7	the	the	DET
cjal-9190	776	8	a	a	DET
cjal-9190	776	9	-	-	PUNCT
cjal-9190	776	10	shares	share	NOUN
cjal-9190	776	11	market	market	NOUN
cjal-9190	776	12	controlled	control	VERB
cjal-9190	776	13	by	by	ADP
cjal-9190	776	14	institutional	institutional	ADJ
cjal-9190	776	15	investors	investor	NOUN
cjal-9190	776	16	continues	continue	VERB
cjal-9190	776	17	to	to	PART
cjal-9190	776	18	rise	rise	VERB
cjal-9190	776	19	,	,	PUNCT
cjal-9190	776	20	what	what	PRON
cjal-9190	776	21	will	will	AUX
cjal-9190	776	22	arise	arise	VERB
cjal-9190	776	23	will	will	AUX
cjal-9190	776	24	be	be	AUX
cjal-9190	776	25	uniquely	uniquely	ADV
cjal-9190	776	26	chinese	chinese	ADJ
cjal-9190	776	27	.	.	PUNCT
cjal-9190	777	1	the	the	DET
cjal-9190	777	2	primary	primary	ADJ
cjal-9190	777	3	reason	reason	NOUN
cjal-9190	777	4	for	for	ADP
cjal-9190	777	5	this	this	PRON
cjal-9190	777	6	,	,	PUNCT
cjal-9190	777	7	as	as	SCONJ
cjal-9190	777	8	has	have	AUX
cjal-9190	777	9	been	be	AUX
cjal-9190	777	10	shown	show	VERB
cjal-9190	777	11	,	,	PUNCT
cjal-9190	777	12	is	be	AUX
cjal-9190	777	13	that	that	SCONJ
cjal-9190	777	14	the	the	DET
cjal-9190	777	15	ccp	ccp	PROPN
cjal-9190	777	16	will	will	AUX
cjal-9190	777	17	maintain	maintain	VERB
cjal-9190	777	18	its	its	PRON
cjal-9190	777	19	ultimate	ultimate	ADJ
cjal-9190	777	20	control	control	NOUN
cjal-9190	777	21	over	over	ADP
cjal-9190	777	22	most	most	ADJ
cjal-9190	777	23	institutional	institutional	ADJ
cjal-9190	777	24	investors	investor	NOUN
cjal-9190	777	25	—	—	PUNCT
cjal-9190	777	26	a	a	DET
cjal-9190	777	27	unique	unique	ADJ
cjal-9190	777	28	feature	feature	NOUN
cjal-9190	777	29	of	of	ADP
cjal-9190	777	30	the	the	DET
cjal-9190	777	31	china	china	PROPN
cjal-9190	777	32	model	model	NOUN
cjal-9190	777	33	without	without	ADP
cjal-9190	777	34	an	an	DET
cjal-9190	777	35	equivalent	equivalent	NOUN
cjal-9190	777	36	in	in	ADP
cjal-9190	777	37	angloamerican	angloamerican	ADJ
cjal-9190	777	38	corporate	corporate	ADJ
cjal-9190	777	39	governance	governance	NOUN
cjal-9190	777	40	.	.	PUNCT
cjal-9190	778	1	second	second	ADJ
cjal-9190	778	2	,	,	PUNCT
cjal-9190	778	3	the	the	DET
cjal-9190	778	4	complexity	complexity	NOUN
cjal-9190	778	5	of	of	ADP
cjal-9190	778	6	china	china	PROPN
cjal-9190	778	7	’s	’s	PART
cjal-9190	778	8	regulation	regulation	NOUN
cjal-9190	778	9	of	of	ADP
cjal-9190	778	10	institutional	institutional	ADJ
cjal-9190	778	11	investors	investor	NOUN
cjal-9190	778	12	and	and	CCONJ
cjal-9190	778	13	its	its	PRON
cjal-9190	778	14	government	government	NOUN
cjal-9190	778	15	-	-	PUNCT
cjal-9190	778	16	centered	center	VERB
cjal-9190	778	17	system	system	NOUN
cjal-9190	778	18	of	of	ADP
cjal-9190	778	19	corporate	corporate	ADJ
cjal-9190	778	20	governance	governance	NOUN
cjal-9190	778	21	requires	require	VERB
cjal-9190	778	22	further	further	ADJ
cjal-9190	778	23	analysis	analysis	NOUN
cjal-9190	778	24	.	.	PUNCT
cjal-9190	779	1	this	this	DET
cjal-9190	779	2	article	article	NOUN
cjal-9190	779	3	identifies	identify	VERB
cjal-9190	779	4	the	the	DET
cjal-9190	779	5	varieties	variety	NOUN
cjal-9190	779	6	of	of	ADP
cjal-9190	779	7	institutional	institutional	ADJ
cjal-9190	779	8	investors	investor	NOUN
cjal-9190	779	9	in	in	ADP
cjal-9190	779	10	china	china	PROPN
cjal-9190	779	11	and	and	CCONJ
cjal-9190	779	12	maps	map	VERB
cjal-9190	779	13	out	out	ADP
cjal-9190	779	14	the	the	DET
cjal-9190	779	15	various	various	ADJ
cjal-9190	779	16	government	government	NOUN
cjal-9190	779	17	bodies	body	NOUN
cjal-9190	779	18	,	,	PUNCT
cjal-9190	779	19	regulations	regulation	NOUN
cjal-9190	779	20	,	,	PUNCT
cjal-9190	779	21	and	and	CCONJ
cjal-9190	779	22	tactics	tactic	NOUN
cjal-9190	779	23	that	that	PRON
cjal-9190	779	24	provide	provide	VERB
cjal-9190	779	25	the	the	DET
cjal-9190	779	26	ccp	ccp	PROPN
cjal-9190	779	27	with	with	ADP
cjal-9190	779	28	the	the	DET
cjal-9190	779	29	ability	ability	NOUN
cjal-9190	779	30	to	to	PART
cjal-9190	779	31	use	use	VERB
cjal-9190	779	32	soiis	soiis	NOUN
cjal-9190	779	33	and	and	CCONJ
cjal-9190	779	34	poiis	poiis	ADJ
cjal-9190	779	35	as	as	ADP
cjal-9190	779	36	mechanisms	mechanism	NOUN
cjal-9190	779	37	for	for	ADP
cjal-9190	779	38	policy	policy	NOUN
cjal-9190	779	39	channeling	channeling	NOUN
cjal-9190	779	40	.	.	PUNCT
cjal-9190	780	1	it	it	PRON
cjal-9190	780	2	also	also	ADV
cjal-9190	780	3	demonstrates	demonstrate	VERB
cjal-9190	780	4	that	that	SCONJ
cjal-9190	780	5	institutional	institutional	ADJ
cjal-9190	780	6	investors	investor	NOUN
cjal-9190	780	7	,	,	PUNCT
cjal-9190	780	8	on	on	ADP
cjal-9190	780	9	a	a	DET
cjal-9190	780	10	day	day	NOUN
cjal-9190	780	11	-	-	PUNCT
cjal-9190	780	12	to	to	ADP
cjal-9190	780	13	-	-	PUNCT
cjal-9190	780	14	day	day	NOUN
cjal-9190	780	15	basis	basis	NOUN
cjal-9190	780	16	,	,	PUNCT
cjal-9190	780	17	increasingly	increasingly	ADV
cjal-9190	780	18	appear	appear	VERB
cjal-9190	780	19	to	to	PART
cjal-9190	780	20	work	work	VERB
cjal-9190	780	21	as	as	ADP
cjal-9190	780	22	an	an	DET
cjal-9190	780	23	effective	effective	ADJ
cjal-9190	780	24	mechanism	mechanism	NOUN
cjal-9190	780	25	to	to	PART
cjal-9190	780	26	improve	improve	VERB
cjal-9190	780	27	corporate	corporate	ADJ
cjal-9190	780	28	governance	governance	NOUN
cjal-9190	780	29	.	.	PUNCT
cjal-9190	781	1	however	however	ADV
cjal-9190	781	2	,	,	PUNCT
cjal-9190	781	3	a	a	DET
cjal-9190	781	4	more	more	ADV
cjal-9190	781	5	detailed	detailed	ADJ
cjal-9190	781	6	understanding	understanding	NOUN
cjal-9190	781	7	of	of	ADP
cjal-9190	781	8	the	the	DET
cjal-9190	781	9	functioning	functioning	NOUN
cjal-9190	781	10	of	of	ADP
cjal-9190	781	11	each	each	PRON
cjal-9190	781	12	of	of	ADP
cjal-9190	781	13	the	the	DET
cjal-9190	781	14	varieties	variety	NOUN
cjal-9190	781	15	of	of	ADP
cjal-9190	781	16	institutional	institutional	ADJ
cjal-9190	781	17	investors	investor	NOUN
cjal-9190	781	18	—	—	PUNCT
cjal-9190	781	19	which	which	PRON
cjal-9190	781	20	may	may	AUX
cjal-9190	781	21	be	be	AUX
cjal-9190	781	22	more	more	ADV
cjal-9190	781	23	suitable	suitable	ADJ
cjal-9190	781	24	for	for	ADP
cjal-9190	781	25	a	a	DET
cjal-9190	781	26	book	book	NOUN
cjal-9190	781	27	than	than	ADP
cjal-9190	781	28	an	an	DET
cjal-9190	781	29	article	article	NOUN
cjal-9190	781	30	—	—	PUNCT
cjal-9190	781	31	would	would	AUX
cjal-9190	781	32	add	add	VERB
cjal-9190	781	33	greater	great	ADJ
cjal-9190	781	34	insight	insight	NOUN
cjal-9190	781	35	into	into	ADP
cjal-9190	781	36	china	china	PROPN
cjal-9190	781	37	’s	’s	PART
cjal-9190	781	38	increasingly	increasingly	ADV
cjal-9190	781	39	atomized	atomize	VERB
cjal-9190	781	40	market	market	NOUN
cjal-9190	781	41	for	for	ADP
cjal-9190	781	42	institutional	institutional	ADJ
cjal-9190	781	43	investors	investor	NOUN
cjal-9190	781	44	.	.	PUNCT
cjal-9190	782	1	also	also	ADV
cjal-9190	782	2	,	,	PUNCT
cjal-9190	782	3	the	the	DET
cjal-9190	782	4	role	role	NOUN
cjal-9190	782	5	played	play	VERB
cjal-9190	782	6	by	by	ADP
cjal-9190	782	7	institutional	institutional	ADJ
cjal-9190	782	8	investors	investor	NOUN
cjal-9190	782	9	in	in	ADP
cjal-9190	782	10	china	china	PROPN
cjal-9190	782	11	’s	’s	PART
cjal-9190	782	12	autochthonous	autochthonous	ADJ
cjal-9190	782	13	government	government	NOUN
cjal-9190	782	14	-	-	PUNCT
cjal-9190	782	15	controlled	control	VERB
cjal-9190	782	16	system	system	NOUN
cjal-9190	782	17	of	of	ADP
cjal-9190	782	18	corporate	corporate	ADJ
cjal-9190	782	19	governance	governance	NOUN
cjal-9190	782	20	—	—	PUNCT
cjal-9190	782	21	with	with	ADP
cjal-9190	782	22	the	the	DET
cjal-9190	782	23	unique	unique	ADJ
cjal-9190	782	24	internal	internal	ADJ
cjal-9190	782	25	checks	check	NOUN
cjal-9190	782	26	and	and	CCONJ
cjal-9190	782	27	balances	balance	NOUN
cjal-9190	782	28	suggested	suggest	VERB
cjal-9190	782	29	by	by	ADP
cjal-9190	782	30	soiis	soiis	NOUN
cjal-9190	782	31	successfully	successfully	ADV
cjal-9190	782	32	engaging	engage	VERB
cjal-9190	782	33	in	in	ADP
cjal-9190	782	34	activist	activist	ADJ
cjal-9190	782	35	campaigns	campaign	NOUN
cjal-9190	782	36	against	against	ADP
cjal-9190	782	37	soes	soe	NOUN
cjal-9190	782	38	—	—	PUNCT
cjal-9190	782	39	is	be	AUX
cjal-9190	782	40	a	a	DET
cjal-9190	782	41	promising	promising	ADJ
cjal-9190	782	42	avenue	avenue	NOUN
cjal-9190	782	43	for	for	ADP
cjal-9190	782	44	future	future	ADJ
cjal-9190	782	45	research	research	NOUN
cjal-9190	782	46	.	.	PUNCT
cjal-9190	783	1	third	third	ADJ
cjal-9190	783	2	,	,	PUNCT
cjal-9190	783	3	the	the	DET
cjal-9190	783	4	complexity	complexity	NOUN
cjal-9190	783	5	of	of	ADP
cjal-9190	783	6	china	china	PROPN
cjal-9190	783	7	’s	’s	PART
cjal-9190	783	8	regulation	regulation	NOUN
cjal-9190	783	9	of	of	ADP
cjal-9190	783	10	institutional	institutional	ADJ
cjal-9190	783	11	investors	investor	NOUN
cjal-9190	783	12	and	and	CCONJ
cjal-9190	783	13	the	the	DET
cjal-9190	783	14	unique	unique	ADJ
cjal-9190	783	15	model	model	NOUN
cjal-9190	783	16	of	of	ADP
cjal-9190	783	17	corporate	corporate	ADJ
cjal-9190	783	18	governance	governance	NOUN
cjal-9190	783	19	it	it	PRON
cjal-9190	783	20	has	have	AUX
cjal-9190	783	21	created	create	VERB
cjal-9190	783	22	do	do	AUX
cjal-9190	783	23	not	not	PART
cjal-9190	783	24	paint	paint	VERB
cjal-9190	783	25	a	a	DET
cjal-9190	783	26	picture	picture	NOUN
cjal-9190	783	27	of	of	ADP
cjal-9190	783	28	the	the	DET
cjal-9190	783	29	ccp	ccp	PROPN
cjal-9190	783	30	micro	micro	PROPN
cjal-9190	783	31	-	-	ADJ
cjal-9190	783	32	managing	manage	VERB
cjal-9190	783	33	corporate	corporate	ADJ
cjal-9190	783	34	governance	governance	NOUN
cjal-9190	783	35	in	in	ADP
cjal-9190	783	36	the	the	DET
cjal-9190	783	37	way	way	NOUN
cjal-9190	783	38	that	that	PRON
cjal-9190	783	39	some	some	DET
cjal-9190	783	40	notions	notion	NOUN
cjal-9190	783	41	of	of	ADP
cjal-9190	783	42	“	"	PUNCT
cjal-9190	783	43	state	state	NOUN
cjal-9190	783	44	capitalism	capitalism	NOUN
cjal-9190	783	45	”	"	PUNCT
cjal-9190	783	46	may	may	AUX
cjal-9190	783	47	2022	2022	NUM
cjal-9190	783	48	]	]	PUNCT
cjal-9190	783	49	columbia	columbia	PROPN
cjal-9190	783	50	journal	journal	PROPN
cjal-9190	783	51	of	of	ADP
cjal-9190	783	52	asian	asian	ADJ
cjal-9190	783	53	law	law	NOUN
cjal-9190	783	54	135	135	NUM
cjal-9190	783	55	suggest.204	suggest.204	NUM
cjal-9190	783	56	rather	rather	ADV
cjal-9190	783	57	,	,	PUNCT
cjal-9190	783	58	it	it	PRON
cjal-9190	783	59	appears	appear	VERB
cjal-9190	783	60	that	that	SCONJ
cjal-9190	783	61	,	,	PUNCT
cjal-9190	783	62	on	on	ADP
cjal-9190	783	63	a	a	DET
cjal-9190	783	64	day	day	NOUN
cjal-9190	783	65	-	-	PUNCT
cjal-9190	783	66	to	to	ADP
cjal-9190	783	67	-	-	PUNCT
cjal-9190	783	68	day	day	NOUN
cjal-9190	783	69	basis	basis	NOUN
cjal-9190	783	70	,	,	PUNCT
cjal-9190	783	71	the	the	DET
cjal-9190	783	72	chinese	chinese	ADJ
cjal-9190	783	73	government	government	NOUN
cjal-9190	783	74	purposefully	purposefully	ADV
cjal-9190	783	75	allows	allow	VERB
cjal-9190	783	76	the	the	DET
cjal-9190	783	77	free	free	ADJ
cjal-9190	783	78	market	market	NOUN
cjal-9190	783	79	to	to	PART
cjal-9190	783	80	govern	govern	VERB
cjal-9190	783	81	the	the	DET
cjal-9190	783	82	relationship	relationship	NOUN
cjal-9190	783	83	between	between	ADP
cjal-9190	783	84	institutional	institutional	ADJ
cjal-9190	783	85	investors	investor	NOUN
cjal-9190	783	86	and	and	CCONJ
cjal-9190	783	87	companies	company	NOUN
cjal-9190	783	88	even	even	ADV
cjal-9190	783	89	when	when	SCONJ
cjal-9190	783	90	it	it	PRON
cjal-9190	783	91	has	have	VERB
cjal-9190	783	92	ultimate	ultimate	ADJ
cjal-9190	783	93	control	control	NOUN
cjal-9190	783	94	over	over	ADP
cjal-9190	783	95	both	both	PRON
cjal-9190	783	96	.	.	PUNCT
cjal-9190	784	1	however	however	ADV
cjal-9190	784	2	,	,	PUNCT
cjal-9190	784	3	when	when	SCONJ
cjal-9190	784	4	there	there	PRON
cjal-9190	784	5	is	be	VERB
cjal-9190	784	6	a	a	DET
cjal-9190	784	7	need	need	NOUN
cjal-9190	784	8	to	to	PART
cjal-9190	784	9	push	push	VERB
cjal-9190	784	10	through	through	ADP
cjal-9190	784	11	a	a	DET
cjal-9190	784	12	major	major	ADJ
cjal-9190	784	13	reform	reform	NOUN
cjal-9190	784	14	,	,	PUNCT
cjal-9190	784	15	stabilize	stabilize	VERB
cjal-9190	784	16	the	the	DET
cjal-9190	784	17	market	market	NOUN
cjal-9190	784	18	,	,	PUNCT
cjal-9190	784	19	or	or	CCONJ
cjal-9190	784	20	maintain	maintain	VERB
cjal-9190	784	21	calm	calm	NOUN
cjal-9190	784	22	in	in	ADP
cjal-9190	784	23	society	society	NOUN
cjal-9190	784	24	for	for	ADP
cjal-9190	784	25	important	important	ADJ
cjal-9190	784	26	political	political	ADJ
cjal-9190	784	27	reasons	reason	NOUN
cjal-9190	784	28	,	,	PUNCT
cjal-9190	784	29	institutional	institutional	ADJ
cjal-9190	784	30	investors	investor	NOUN
cjal-9190	784	31	are	be	AUX
cjal-9190	784	32	used	use	VERB
cjal-9190	784	33	as	as	ADP
cjal-9190	784	34	an	an	DET
cjal-9190	784	35	effective	effective	ADJ
cjal-9190	784	36	mechanism	mechanism	NOUN
cjal-9190	784	37	for	for	SCONJ
cjal-9190	784	38	the	the	DET
cjal-9190	784	39	ccp	ccp	PROPN
cjal-9190	784	40	to	to	PART
cjal-9190	784	41	engage	engage	VERB
cjal-9190	784	42	in	in	ADP
cjal-9190	784	43	policy	policy	NOUN
cjal-9190	784	44	channeling	channeling	NOUN
cjal-9190	784	45	.	.	PUNCT
cjal-9190	785	1	this	this	PRON
cjal-9190	785	2	suggests	suggest	VERB
cjal-9190	785	3	that	that	SCONJ
cjal-9190	785	4	the	the	DET
cjal-9190	785	5	free	free	ADJ
cjal-9190	785	6	market	market	NOUN
cjal-9190	785	7	is	be	AUX
cjal-9190	785	8	the	the	DET
cjal-9190	785	9	de	de	X
cjal-9190	785	10	facto	facto	X
cjal-9190	785	11	norm	norm	NOUN
cjal-9190	785	12	and	and	CCONJ
cjal-9190	785	13	that	that	SCONJ
cjal-9190	785	14	the	the	DET
cjal-9190	785	15	ccp	ccp	PROPN
cjal-9190	785	16	uses	use	VERB
cjal-9190	785	17	its	its	PRON
cjal-9190	785	18	power	power	NOUN
cjal-9190	785	19	to	to	PART
cjal-9190	785	20	intervene	intervene	VERB
cjal-9190	785	21	in	in	ADP
cjal-9190	785	22	a	a	DET
cjal-9190	785	23	targeted	target	VERB
cjal-9190	785	24	manner	manner	NOUN
cjal-9190	785	25	.	.	PUNCT
cjal-9190	786	1	rather	rather	ADV
cjal-9190	786	2	than	than	ADP
cjal-9190	786	3	suggesting	suggest	VERB
cjal-9190	786	4	that	that	SCONJ
cjal-9190	786	5	china	china	PROPN
cjal-9190	786	6	is	be	AUX
cjal-9190	786	7	governed	govern	VERB
cjal-9190	786	8	by	by	ADP
cjal-9190	786	9	“	"	PUNCT
cjal-9190	786	10	state	state	NOUN
cjal-9190	786	11	capitalism	capitalism	NOUN
cjal-9190	786	12	,	,	PUNCT
cjal-9190	786	13	”	"	PUNCT
cjal-9190	786	14	where	where	SCONJ
cjal-9190	786	15	soes	soe	NOUN
cjal-9190	786	16	have	have	VERB
cjal-9190	786	17	the	the	DET
cjal-9190	786	18	dominant	dominant	ADJ
cjal-9190	786	19	position	position	NOUN
cjal-9190	786	20	in	in	ADP
cjal-9190	786	21	major	major	ADJ
cjal-9190	786	22	industries	industry	NOUN
cjal-9190	786	23	,	,	PUNCT
cjal-9190	786	24	205	205	NUM
cjal-9190	786	25	our	our	PRON
cjal-9190	786	26	analysis	analysis	NOUN
cjal-9190	786	27	of	of	ADP
cjal-9190	786	28	institutional	institutional	ADJ
cjal-9190	786	29	investors	investor	NOUN
cjal-9190	786	30	seems	seem	VERB
cjal-9190	786	31	to	to	PART
cjal-9190	786	32	suggest	suggest	VERB
cjal-9190	786	33	that	that	SCONJ
cjal-9190	786	34	china	china	PROPN
cjal-9190	786	35	is	be	AUX
cjal-9190	786	36	better	well	ADV
cjal-9190	786	37	described	describe	VERB
cjal-9190	786	38	as	as	ADP
cjal-9190	786	39	a	a	DET
cjal-9190	786	40	system	system	NOUN
cjal-9190	786	41	defined	define	VERB
cjal-9190	786	42	by	by	ADP
cjal-9190	786	43	“	"	PUNCT
cjal-9190	786	44	the	the	DET
cjal-9190	786	45	market	market	NOUN
cjal-9190	786	46	within	within	ADP
cjal-9190	786	47	the	the	DET
cjal-9190	786	48	state	state	NOUN
cjal-9190	786	49	,	,	PUNCT
cjal-9190	786	50	”	"	PUNCT
cjal-9190	786	51	where	where	SCONJ
cjal-9190	786	52	the	the	DET
cjal-9190	786	53	free	free	ADJ
cjal-9190	786	54	market	market	NOUN
cjal-9190	786	55	and	and	CCONJ
cjal-9190	786	56	the	the	DET
cjal-9190	786	57	state	state	NOUN
cjal-9190	786	58	coexist	coexist	NOUN
cjal-9190	786	59	,	,	PUNCT
cjal-9190	786	60	and	and	CCONJ
cjal-9190	786	61	the	the	DET
cjal-9190	786	62	free	free	ADJ
cjal-9190	786	63	market	market	NOUN
cjal-9190	786	64	functions	function	NOUN
cjal-9190	786	65	within	within	ADP
cjal-9190	786	66	the	the	DET
cjal-9190	786	67	boundaries	boundary	NOUN
cjal-9190	786	68	set	set	VERB
cjal-9190	786	69	by	by	ADP
cjal-9190	786	70	the	the	DET
cjal-9190	786	71	state.206	state.206	PROPN
cjal-9190	786	72	204	204	NUM
cjal-9190	786	73	telephone	telephone	NOUN
cjal-9190	786	74	interview	interview	NOUN
cjal-9190	786	75	,	,	PUNCT
cjal-9190	786	76	may	may	AUX
cjal-9190	786	77	30	30	NUM
cjal-9190	786	78	,	,	PUNCT
cjal-9190	786	79	2021	2021	NUM
cjal-9190	786	80	,	,	PUNCT
cjal-9190	786	81	partner	partner	NOUN
cjal-9190	786	82	,	,	PUNCT
cjal-9190	786	83	global	global	ADJ
cjal-9190	786	84	law	law	NOUN
cjal-9190	786	85	office	office	NOUN
cjal-9190	786	86	(	(	PUNCT
cjal-9190	786	87	beijing	beijing	PROPN
cjal-9190	786	88	)	)	PUNCT
cjal-9190	786	89	;	;	PUNCT
cjal-9190	787	1	telephone	telephone	NOUN
cjal-9190	787	2	interview	interview	NOUN
cjal-9190	787	3	,	,	PUNCT
cjal-9190	787	4	may	may	AUX
cjal-9190	787	5	30	30	NUM
cjal-9190	787	6	,	,	PUNCT
cjal-9190	787	7	2021	2021	NUM
cjal-9190	787	8	,	,	PUNCT
cjal-9190	787	9	investment	investment	NOUN
cjal-9190	787	10	manager	manager	NOUN
cjal-9190	787	11	,	,	PUNCT
cjal-9190	787	12	cms	cms	PROPN
cjal-9190	787	13	(	(	PUNCT
cjal-9190	787	14	shanghai	shanghai	PROPN
cjal-9190	787	15	)	)	PUNCT
cjal-9190	787	16	;	;	PUNCT
cjal-9190	787	17	telephone	telephone	NOUN
cjal-9190	787	18	interview	interview	NOUN
cjal-9190	787	19	,	,	PUNCT
cjal-9190	787	20	may	may	AUX
cjal-9190	787	21	30	30	NUM
cjal-9190	787	22	,	,	PUNCT
cjal-9190	787	23	2021	2021	NUM
cjal-9190	787	24	,	,	PUNCT
cjal-9190	787	25	legal	legal	ADJ
cjal-9190	787	26	counsel	counsel	NOUN
cjal-9190	787	27	,	,	PUNCT
cjal-9190	787	28	dbs	dbs	PROPN
cjal-9190	787	29	securities	securities	PROPN
cjal-9190	787	30	(	(	PUNCT
cjal-9190	787	31	china	china	PROPN
cjal-9190	787	32	)	)	PUNCT
cjal-9190	787	33	;	;	PUNCT
cjal-9190	787	34	telephone	telephone	NOUN
cjal-9190	787	35	interview	interview	NOUN
cjal-9190	787	36	,	,	PUNCT
cjal-9190	787	37	may	may	AUX
cjal-9190	787	38	30	30	NUM
cjal-9190	787	39	,	,	PUNCT
cjal-9190	787	40	2021	2021	NUM
cjal-9190	787	41	,	,	PUNCT
cjal-9190	787	42	investment	investment	NOUN
cjal-9190	787	43	manager	manager	NOUN
cjal-9190	787	44	,	,	PUNCT
cjal-9190	787	45	cicc	cicc	NOUN
cjal-9190	787	46	(	(	PUNCT
cjal-9190	787	47	shenzhen	shenzhen	PROPN
cjal-9190	787	48	)	)	PUNCT
cjal-9190	787	49	.	.	PUNCT
cjal-9190	788	1	see	see	VERB
cjal-9190	788	2	also	also	ADV
cjal-9190	788	3	,	,	PUNCT
cjal-9190	788	4	wang	wang	PROPN
cjal-9190	788	5	feng(王丰	feng(王丰	PROPN
cjal-9190	788	6	)	)	PUNCT
cjal-9190	788	7	,	,	PUNCT
cjal-9190	788	8	the	the	DET
cjal-9190	788	9	definition	definition	NOUN
cjal-9190	788	10	of	of	ADP
cjal-9190	788	11	socialist	socialist	ADJ
cjal-9190	788	12	market	market	NOUN
cjal-9190	788	13	economy	economy	NOUN
cjal-9190	788	14	with	with	ADP
cjal-9190	788	15	chinese	chinese	ADJ
cjal-9190	788	16	characteristics	characteristic	NOUN
cjal-9190	788	17	—	—	PUNCT
cjal-9190	788	18	based	base	VERB
cjal-9190	788	19	on	on	ADP
cjal-9190	788	20	the	the	DET
cjal-9190	788	21	critique	critique	NOUN
cjal-9190	788	22	of	of	ADP
cjal-9190	788	23	“	"	PUNCT
cjal-9190	788	24	neo	neo	ADJ
cjal-9190	788	25	-	-	NOUN
cjal-9190	788	26	state	state	NOUN
cjal-9190	788	27	capitalism	capitalism	NOUN
cjal-9190	788	28	”	"	PUNCT
cjal-9190	788	29	(	(	PUNCT
cjal-9190	788	30	中国特色社会	中国特色社会	VERB
cjal-9190	788	31	主义市场经济的界说	主义市场经济的界说	NOUN
cjal-9190	788	32	——	——	PUNCT
cjal-9190	788	33	基于对“新国家资本主义”的批判	基于对“新国家资本主义”的批判	PROPN
cjal-9190	788	34	)	)	PUNCT
cjal-9190	788	35	,	,	PUNCT
cjal-9190	788	36	28	28	NUM
cjal-9190	788	37	j.	j.	PROPN
cjal-9190	788	38	mgmt	mgmt	PROPN
cjal-9190	788	39	.	.	PUNCT
cjal-9190	789	1	(	(	PUNCT
cjal-9190	789	2	管	管	NOUN
cjal-9190	789	3	理学刊	理学刊	NOUN
cjal-9190	789	4	)	)	PUNCT
cjal-9190	789	5	15	15	NUM
cjal-9190	789	6	,	,	PUNCT
cjal-9190	789	7	17	17	NUM
cjal-9190	789	8	(	(	PUNCT
cjal-9190	789	9	2015	2015	NUM
cjal-9190	789	10	)	)	PUNCT
cjal-9190	789	11	.	.	PUNCT
cjal-9190	790	1	205	205	NUM
cjal-9190	790	2	the	the	DET
cjal-9190	790	3	rise	rise	NOUN
cjal-9190	790	4	of	of	ADP
cjal-9190	790	5	state	state	NOUN
cjal-9190	790	6	capitalism	capitalism	NOUN
cjal-9190	790	7	:	:	PUNCT
cjal-9190	790	8	the	the	DET
cjal-9190	790	9	emerging	emerge	VERB
cjal-9190	790	10	world	world	NOUN
cjal-9190	790	11	’s	’s	PART
cjal-9190	790	12	new	new	ADJ
cjal-9190	790	13	model	model	NOUN
cjal-9190	790	14	,	,	PUNCT
cjal-9190	790	15	the	the	DET
cjal-9190	790	16	economist	economist	NOUN
cjal-9190	790	17	(	(	PUNCT
cjal-9190	790	18	jan	jan	PROPN
cjal-9190	790	19	.	.	PROPN
cjal-9190	790	20	21	21	NUM
cjal-9190	790	21	,	,	PUNCT
cjal-9190	790	22	2012	2012	NUM
cjal-9190	790	23	)	)	PUNCT
cjal-9190	790	24	,	,	PUNCT
cjal-9190	790	25	https://www.economist.com/leaders/2012/01/21/therise-of-state-capitalism	https://www.economist.com/leaders/2012/01/21/therise-of-state-capitalism	NOUN
cjal-9190	790	26	.	.	PUNCT
cjal-9190	791	1	206	206	NUM
cjal-9190	791	2	yongnian	yongnian	PROPN
cjal-9190	791	3	zheng	zheng	PROPN
cjal-9190	791	4	and	and	CCONJ
cjal-9190	791	5	yanjie	yanjie	PROPN
cjal-9190	791	6	huang	huang	PROPN
cjal-9190	791	7	,	,	PUNCT
cjal-9190	791	8	market	market	NOUN
cjal-9190	791	9	in	in	ADP
cjal-9190	791	10	state	state	NOUN
cjal-9190	791	11	:	:	PUNCT
cjal-9190	791	12	the	the	DET
cjal-9190	791	13	political	political	ADJ
cjal-9190	791	14	economy	economy	NOUN
cjal-9190	791	15	of	of	ADP
cjal-9190	791	16	domination	domination	NOUN
cjal-9190	791	17	in	in	ADP
cjal-9190	791	18	china	china	PROPN
cjal-9190	791	19	,	,	PUNCT
cjal-9190	791	20	29	29	NUM
cjal-9190	791	21	,	,	PUNCT
cjal-9190	791	22	31	31	NUM
cjal-9190	791	23	-	-	SYM
cjal-9190	791	24	32	32	NUM
cjal-9190	791	25	(	(	PUNCT
cjal-9190	791	26	2018	2018	NUM
cjal-9190	791	27	)	)	PUNCT
cjal-9190	791	28	.	.	PUNCT
cjal-9190	792	1	136	136	NUM
cjal-9190	792	2	institutional	institutional	ADJ
cjal-9190	792	3	investors	investor	NOUN
cjal-9190	792	4	in	in	ADP
cjal-9190	792	5	china	china	PROPN
cjal-9190	792	6	[	[	X
cjal-9190	792	7	vol	vol	NOUN
cjal-9190	792	8	.	.	PUNCT
cjal-9190	792	9	35	35	NUM
cjal-9190	792	10	:	:	SYM
cjal-9190	792	11	74	74	NUM
cjal-9190	792	12	appendices	appendix	NOUN
cjal-9190	792	13	appendix	appendix	VERB
cjal-9190	792	14	1	1	NUM
cjal-9190	792	15	:	:	PUNCT
cjal-9190	792	16	legal	legal	ADJ
cjal-9190	792	17	developments	development	NOUN
cjal-9190	792	18	and	and	CCONJ
cjal-9190	792	19	the	the	DET
cjal-9190	792	20	government	government	NOUN
cjal-9190	792	21	’s	’s	PART
cjal-9190	792	22	role	role	NOUN
cjal-9190	792	23	in	in	ADP
cjal-9190	792	24	developing	develop	VERB
cjal-9190	792	25	institutional	institutional	ADJ
cjal-9190	792	26	investors	investor	NOUN
cjal-9190	792	27	in	in	ADP
cjal-9190	792	28	china	china	PROPN
cjal-9190	792	29	1978	1978	NUM
cjal-9190	792	30	-	-	SYM
cjal-9190	792	31	2020207	2020207	NUM
cjal-9190	792	32	dates	date	VERB
cjal-9190	792	33	law	law	NOUN
cjal-9190	792	34	/	/	SYM
cjal-9190	792	35	policy	policy	NOUN
cjal-9190	792	36	implications	implication	NOUN
cjal-9190	792	37	and	and	CCONJ
cjal-9190	792	38	significance	significance	NOUN
cjal-9190	792	39	all	all	DET
cjal-9190	792	40	institutional	institutional	ADJ
cjal-9190	792	41	investors	investor	NOUN
cjal-9190	792	42	2002	2002	NUM
cjal-9190	792	43	the	the	DET
cjal-9190	792	44	china	china	PROPN
cjal-9190	792	45	securities	securities	PROPN
cjal-9190	792	46	regulatory	regulatory	PROPN
cjal-9190	792	47	commission	commission	PROPN
cjal-9190	792	48	and	and	CCONJ
cjal-9190	792	49	state	state	NOUN
cjal-9190	792	50	economic	economic	ADJ
cjal-9190	792	51	and	and	CCONJ
cjal-9190	792	52	trade	trade	NOUN
cjal-9190	792	53	commission	commission	NOUN
cjal-9190	792	54	promulgated	promulgate	VERB
cjal-9190	792	55	the	the	DET
cjal-9190	792	56	“	"	PUNCT
cjal-9190	792	57	code	code	NOUN
cjal-9190	792	58	of	of	ADP
cjal-9190	792	59	corporate	corporate	ADJ
cjal-9190	792	60	governance	governance	NOUN
cjal-9190	792	61	for	for	ADP
cjal-9190	792	62	listed	list	VERB
cjal-9190	792	63	companies	company	NOUN
cjal-9190	792	64	in	in	ADP
cjal-9190	792	65	china	china	PROPN
cjal-9190	792	66	.	.	PUNCT
cjal-9190	792	67	”	"	PUNCT
cjal-9190	793	1	china	china	PROPN
cjal-9190	793	2	designated	designate	VERB
cjal-9190	793	3	institutional	institutional	ADJ
cjal-9190	793	4	investors	investor	NOUN
cjal-9190	793	5	as	as	ADP
cjal-9190	793	6	an	an	DET
cjal-9190	793	7	important	important	ADJ
cjal-9190	793	8	feature	feature	NOUN
cjal-9190	793	9	of	of	ADP
cjal-9190	793	10	its	its	PRON
cjal-9190	793	11	corporate	corporate	ADJ
cjal-9190	793	12	governance	governance	NOUN
cjal-9190	793	13	system	system	NOUN
cjal-9190	793	14	by	by	ADP
cjal-9190	793	15	affirming	affirm	VERB
cjal-9190	793	16	in	in	ADP
cjal-9190	793	17	its	its	PRON
cjal-9190	793	18	inaugural	inaugural	ADJ
cjal-9190	793	19	corporate	corporate	ADJ
cjal-9190	793	20	governance	governance	NOUN
cjal-9190	793	21	code	code	NOUN
cjal-9190	793	22	that	that	SCONJ
cjal-9190	793	23	“	"	PUNCT
cjal-9190	793	24	institutional	institutional	ADJ
cjal-9190	793	25	investors	investor	NOUN
cjal-9190	793	26	shall	shall	AUX
cjal-9190	793	27	play	play	VERB
cjal-9190	793	28	a	a	DET
cjal-9190	793	29	role	role	NOUN
cjal-9190	793	30	in	in	ADP
cjal-9190	793	31	the	the	DET
cjal-9190	793	32	appointment	appointment	NOUN
cjal-9190	793	33	of	of	ADP
cjal-9190	793	34	company	company	NOUN
cjal-9190	793	35	directors	director	NOUN
cjal-9190	793	36	,	,	PUNCT
cjal-9190	793	37	the	the	DET
cjal-9190	793	38	compensation	compensation	NOUN
cjal-9190	793	39	and	and	CCONJ
cjal-9190	793	40	supervision	supervision	NOUN
cjal-9190	793	41	of	of	ADP
cjal-9190	793	42	management	management	NOUN
cjal-9190	793	43	and	and	CCONJ
cjal-9190	793	44	major	major	ADJ
cjal-9190	793	45	decision	decision	NOUN
cjal-9190	793	46	-	-	PUNCT
cjal-9190	793	47	making	make	VERB
cjal-9190	793	48	processes	process	NOUN
cjal-9190	793	49	.	.	PUNCT
cjal-9190	793	50	”	"	PUNCT
cjal-9190	794	1	2018	2018	NUM
cjal-9190	794	2	revised	revise	VERB
cjal-9190	794	3	code	code	NOUN
cjal-9190	794	4	of	of	ADP
cjal-9190	794	5	corporate	corporate	ADJ
cjal-9190	794	6	governance	governance	NOUN
cjal-9190	794	7	chapter	chapter	NOUN
cjal-9190	794	8	7	7	NUM
cjal-9190	794	9	concerning	concern	VERB
cjal-9190	794	10	institutional	institutional	ADJ
cjal-9190	794	11	investors	investor	NOUN
cjal-9190	794	12	and	and	CCONJ
cjal-9190	794	13	other	other	ADJ
cjal-9190	794	14	related	related	ADJ
cjal-9190	794	15	institutions	institution	NOUN
cjal-9190	794	16	has	have	AUX
cjal-9190	794	17	been	be	AUX
cjal-9190	794	18	added	add	VERB
cjal-9190	794	19	into	into	ADP
cjal-9190	794	20	the	the	DET
cjal-9190	794	21	revised	revise	VERB
cjal-9190	794	22	code	code	NOUN
cjal-9190	794	23	.	.	PUNCT
cjal-9190	795	1	article	article	NOUN
cjal-9190	795	2	78	78	NUM
cjal-9190	795	3	encourages	encourage	VERB
cjal-9190	795	4	institutional	institutional	ADJ
cjal-9190	795	5	investors	investor	NOUN
cjal-9190	795	6	such	such	ADJ
cjal-9190	795	7	as	as	ADP
cjal-9190	795	8	the	the	DET
cjal-9190	795	9	managers	manager	NOUN
cjal-9190	795	10	of	of	ADP
cjal-9190	795	11	social	social	ADJ
cjal-9190	795	12	security	security	NOUN
cjal-9190	795	13	funds	fund	NOUN
cjal-9190	795	14	,	,	PUNCT
cjal-9190	795	15	enterprise	enterprise	NOUN
cjal-9190	795	16	annuities	annuity	NOUN
cjal-9190	795	17	,	,	PUNCT
cjal-9190	795	18	insurance	insurance	NOUN
cjal-9190	795	19	funds	fund	NOUN
cjal-9190	795	20	,	,	PUNCT
cjal-9190	795	21	public	public	ADJ
cjal-9190	795	22	funds	fund	NOUN
cjal-9190	795	23	,	,	PUNCT
cjal-9190	795	24	and	and	CCONJ
cjal-9190	795	25	other	other	ADJ
cjal-9190	795	26	investment	investment	NOUN
cjal-9190	795	27	entities	entity	NOUN
cjal-9190	795	28	under	under	ADP
cjal-9190	795	29	the	the	DET
cjal-9190	795	30	supervisory	supervisory	ADJ
cjal-9190	795	31	and	and	CCONJ
cjal-9190	795	32	regulatory	regulatory	ADJ
cjal-9190	795	33	remits	remit	NOUN
cjal-9190	795	34	of	of	ADP
cjal-9190	795	35	national	national	ADJ
cjal-9190	795	36	financial	financial	ADJ
cjal-9190	795	37	regulatory	regulatory	ADJ
cjal-9190	795	38	authorities	authority	NOUN
cjal-9190	795	39	,	,	PUNCT
cjal-9190	795	40	to	to	PART
cjal-9190	795	41	engage	engage	VERB
cjal-9190	795	42	in	in	ADP
cjal-9190	795	43	corporate	corporate	ADJ
cjal-9190	795	44	governance	governance	NOUN
cjal-9190	795	45	reasonably	reasonably	ADV
cjal-9190	795	46	by	by	ADP
cjal-9190	795	47	exercising	exercise	VERB
cjal-9190	795	48	their	their	PRON
cjal-9190	795	49	shareholder	shareholder	NOUN
cjal-9190	795	50	rights	right	NOUN
cjal-9190	795	51	such	such	ADJ
cjal-9190	795	52	as	as	ADP
cjal-9190	795	53	voting	voting	NOUN
cjal-9190	795	54	rights	right	NOUN
cjal-9190	795	55	,	,	PUNCT
cjal-9190	795	56	inquiry	inquiry	NOUN
cjal-9190	795	57	rights	right	NOUN
cjal-9190	795	58	,	,	PUNCT
cjal-9190	795	59	and	and	CCONJ
cjal-9190	795	60	advisory	advisory	ADJ
cjal-9190	795	61	rights	right	NOUN
cjal-9190	795	62	in	in	ADP
cjal-9190	795	63	accordance	accordance	NOUN
cjal-9190	795	64	with	with	ADP
cjal-9190	795	65	laws	law	NOUN
cjal-9190	795	66	.	.	PUNCT
cjal-9190	796	1	article	article	NOUN
cjal-9190	796	2	79	79	NUM
cjal-9190	796	3	states	state	VERB
cjal-9190	796	4	that	that	SCONJ
cjal-9190	796	5	institutional	institutional	ADJ
cjal-9190	796	6	investors	investor	NOUN
cjal-9190	796	7	may	may	AUX
cjal-9190	796	8	play	play	VERB
cjal-9190	796	9	an	an	DET
cjal-9190	796	10	active	active	ADJ
cjal-9190	796	11	role	role	NOUN
cjal-9190	796	12	in	in	ADP
cjal-9190	796	13	corporate	corporate	ADJ
cjal-9190	796	14	governance	governance	NOUN
cjal-9190	796	15	by	by	ADP
cjal-9190	796	16	participating	participate	VERB
cjal-9190	796	17	in	in	ADP
cjal-9190	796	18	decision	decision	NOUN
cjal-9190	796	19	-	-	PUNCT
cjal-9190	796	20	making	making	NOUN
cjal-9190	796	21	on	on	ADP
cjal-9190	796	22	major	major	ADJ
cjal-9190	796	23	issues	issue	NOUN
cjal-9190	796	24	,	,	PUNCT
cjal-9190	796	25	recommending	recommend	VERB
cjal-9190	796	26	candidates	candidate	NOUN
cjal-9190	796	27	for	for	ADP
cjal-9190	796	28	directors	director	NOUN
cjal-9190	796	29	and	and	CCONJ
cjal-9190	796	30	supervisors	supervisor	NOUN
cjal-9190	796	31	,	,	PUNCT
cjal-9190	796	32	and	and	CCONJ
cjal-9190	796	33	supervising	supervise	VERB
cjal-9190	796	34	the	the	DET
cjal-9190	796	35	performance	performance	NOUN
cjal-9190	796	36	of	of	ADP
cjal-9190	796	37	directors	director	NOUN
cjal-9190	796	38	and	and	CCONJ
cjal-9190	796	39	supervisors	supervisor	NOUN
cjal-9190	796	40	in	in	ADP
cjal-9190	796	41	accordance	accordance	NOUN
cjal-9190	796	42	with	with	ADP
cjal-9190	796	43	laws	law	NOUN
cjal-9190	796	44	and	and	CCONJ
cjal-9190	796	45	regulations	regulation	NOUN
cjal-9190	796	46	and	and	CCONJ
cjal-9190	796	47	the	the	DET
cjal-9190	796	48	company	company	NOUN
cjal-9190	796	49	’s	’s	PART
cjal-9190	796	50	articles	article	NOUN
cjal-9190	796	51	of	of	ADP
cjal-9190	796	52	association	association	NOUN
cjal-9190	796	53	.	.	PUNCT
cjal-9190	797	1	article	article	NOUN
cjal-9190	797	2	82	82	NUM
cjal-9190	797	3	highlights	highlight	NOUN
cjal-9190	797	4	that	that	PRON
cjal-9190	797	5	minority	minority	NOUN
cjal-9190	797	6	investors	investor	NOUN
cjal-9190	797	7	protection	protection	NOUN
cjal-9190	797	8	agencies	agency	NOUN
cjal-9190	797	9	should	should	AUX
cjal-9190	797	10	play	play	VERB
cjal-9190	797	11	an	an	DET
cjal-9190	797	12	active	active	ADJ
cjal-9190	797	13	role	role	NOUN
cjal-9190	797	14	in	in	ADP
cjal-9190	797	15	the	the	DET
cjal-9190	797	16	governance	governance	NOUN
cjal-9190	797	17	of	of	ADP
cjal-9190	797	18	listed	list	VERB
cjal-9190	797	19	companies	company	NOUN
cjal-9190	797	20	and	and	CCONJ
cjal-9190	797	21	protect	protect	VERB
cjal-9190	797	22	the	the	DET
cjal-9190	797	23	legitimate	legitimate	ADJ
cjal-9190	797	24	rights	right	NOUN
cjal-9190	797	25	and	and	CCONJ
cjal-9190	797	26	interests	interest	NOUN
cjal-9190	797	27	of	of	ADP
cjal-9190	797	28	minority	minority	NOUN
cjal-9190	797	29	investors	investor	NOUN
cjal-9190	797	30	through	through	ADP
cjal-9190	797	31	“	"	PUNCT
cjal-9190	797	32	holding	hold	VERB
cjal-9190	797	33	shares	share	NOUN
cjal-9190	797	34	for	for	ADP
cjal-9190	797	35	exercising	exercise	VERB
cjal-9190	797	36	rights	right	NOUN
cjal-9190	797	37	”	"	PUNCT
cjal-9190	797	38	and	and	CCONJ
cjal-9190	797	39	other	other	ADJ
cjal-9190	797	40	channels	channel	NOUN
cjal-9190	797	41	.	.	PUNCT
cjal-9190	798	1	domestic	domestic	ADJ
cjal-9190	798	2	institutional	institutional	ADJ
cjal-9190	798	3	investors	investor	NOUN
cjal-9190	798	4	securities	security	NOUN
cjal-9190	798	5	investment	investment	NOUN
cjal-9190	798	6	funds	fund	NOUN
cjal-9190	798	7	1985	1985	NUM
cjal-9190	798	8	-	-	SYM
cjal-9190	798	9	1990	1990	NUM
cjal-9190	798	10	china	china	PROPN
cjal-9190	798	11	’s	’s	PART
cjal-9190	798	12	domestic	domestic	ADJ
cjal-9190	798	13	financial	financial	ADJ
cjal-9190	798	14	institutions	institution	NOUN
cjal-9190	798	15	cooperated	cooperate	VERB
cjal-9190	798	16	with	with	ADP
cjal-9190	798	17	overseas	overseas	ADJ
cjal-9190	798	18	financial	financial	ADJ
cjal-9190	798	19	institutions	institution	NOUN
cjal-9190	798	20	,	,	PUNCT
cjal-9190	798	21	launching	launch	VERB
cjal-9190	798	22	a	a	DET
cjal-9190	798	23	“	"	PUNCT
cjal-9190	798	24	china	china	PROPN
cjal-9190	798	25	investment	investment	PROPN
cjal-9190	798	26	fund	fund	PROPN
cjal-9190	798	27	”	"	PUNCT
cjal-9190	798	28	.	.	PUNCT
cjal-9190	799	1	with	with	ADP
cjal-9190	799	2	the	the	DET
cjal-9190	799	3	injection	injection	NOUN
cjal-9190	799	4	of	of	ADP
cjal-9190	799	5	overseas	overseas	ADJ
cjal-9190	799	6	funds	fund	NOUN
cjal-9190	799	7	into	into	ADP
cjal-9190	799	8	the	the	DET
cjal-9190	799	9	chinese	chinese	ADJ
cjal-9190	799	10	investment	investment	NOUN
cjal-9190	799	11	fund	fund	NOUN
cjal-9190	799	12	,	,	PUNCT
cjal-9190	799	13	it	it	PRON
cjal-9190	799	14	stimulated	stimulate	VERB
cjal-9190	799	15	the	the	DET
cjal-9190	799	16	development	development	NOUN
cjal-9190	799	17	of	of	ADP
cjal-9190	799	18	the	the	DET
cjal-9190	799	19	domestic	domestic	ADJ
cjal-9190	799	20	investment	investment	NOUN
cjal-9190	799	21	fund	fund	NOUN
cjal-9190	799	22	industry.208	industry.208	NOUN
cjal-9190	799	23	207	207	NUM
cjal-9190	799	24	this	this	DET
cjal-9190	799	25	table	table	NOUN
cjal-9190	799	26	seeks	seek	VERB
cjal-9190	799	27	to	to	PART
cjal-9190	799	28	highlight	highlight	VERB
cjal-9190	799	29	the	the	DET
cjal-9190	799	30	most	most	ADV
cjal-9190	799	31	important	important	ADJ
cjal-9190	799	32	legal	legal	ADJ
cjal-9190	799	33	developments	development	NOUN
cjal-9190	799	34	in	in	ADP
cjal-9190	799	35	relation	relation	NOUN
cjal-9190	799	36	to	to	ADP
cjal-9190	799	37	the	the	DET
cjal-9190	799	38	development	development	NOUN
cjal-9190	799	39	of	of	ADP
cjal-9190	799	40	institutional	institutional	ADJ
cjal-9190	799	41	investors	investor	NOUN
cjal-9190	799	42	in	in	ADP
cjal-9190	799	43	china	china	PROPN
cjal-9190	799	44	.	.	PUNCT
cjal-9190	800	1	208	208	NUM
cjal-9190	800	2	liu	liu	PROPN
cjal-9190	800	3	,	,	PUNCT
cjal-9190	800	4	supra	supra	PROPN
cjal-9190	800	5	note	note	PROPN
cjal-9190	800	6	67	67	NUM
cjal-9190	800	7	.	.	PUNCT
cjal-9190	800	8	2022	2022	NUM
cjal-9190	800	9	]	]	PUNCT
cjal-9190	800	10	columbia	columbia	PROPN
cjal-9190	800	11	journal	journal	PROPN
cjal-9190	800	12	of	of	ADP
cjal-9190	800	13	asian	asian	ADJ
cjal-9190	800	14	law	law	NOUN
cjal-9190	800	15	137	137	NUM
cjal-9190	800	16	dates	date	VERB
cjal-9190	800	17	law	law	NOUN
cjal-9190	800	18	/	/	SYM
cjal-9190	800	19	policy	policy	NOUN
cjal-9190	800	20	implications	implication	NOUN
cjal-9190	800	21	and	and	CCONJ
cjal-9190	800	22	significance	significance	NOUN
cjal-9190	800	23	14	14	NUM
cjal-9190	800	24	nov	nov	NOUN
cjal-9190	800	25	.	.	PROPN
cjal-9190	800	26	1997	1997	NUM
cjal-9190	800	27	the	the	DET
cjal-9190	800	28	state	state	PROPN
cjal-9190	800	29	council	council	PROPN
cjal-9190	800	30	promulgated	promulgate	VERB
cjal-9190	800	31	the	the	DET
cjal-9190	800	32	“	"	PUNCT
cjal-9190	800	33	interim	interim	ADJ
cjal-9190	800	34	measures	measure	NOUN
cjal-9190	800	35	on	on	ADP
cjal-9190	800	36	the	the	DET
cjal-9190	800	37	management	management	NOUN
cjal-9190	800	38	of	of	ADP
cjal-9190	800	39	securities	security	NOUN
cjal-9190	800	40	investment	investment	NOUN
cjal-9190	800	41	funds	fund	NOUN
cjal-9190	800	42	”	"	PUNCT
cjal-9190	800	43	(	(	PUNCT
cjal-9190	800	44	证券投	证券投	NOUN
cjal-9190	800	45	资基金管理暂行办法	资基金管理暂行办法	NOUN
cjal-9190	800	46	)	)	PUNCT
cjal-9190	800	47	.	.	PUNCT
cjal-9190	801	1	regulators	regulator	NOUN
cjal-9190	801	2	started	start	VERB
cjal-9190	801	3	to	to	PART
cjal-9190	801	4	regulate	regulate	VERB
cjal-9190	801	5	securities	security	NOUN
cjal-9190	801	6	investment	investment	NOUN
cjal-9190	801	7	funds	fund	NOUN
cjal-9190	801	8	in	in	ADP
cjal-9190	801	9	china	china	PROPN
cjal-9190	801	10	.	.	PUNCT
cjal-9190	802	1	jin	jin	PROPN
cjal-9190	802	2	tai	tai	PROPN
cjal-9190	802	3	fund	fund	PROPN
cjal-9190	802	4	and	and	CCONJ
cjal-9190	802	5	kai	kai	PROPN
cjal-9190	802	6	yuan	yuan	PROPN
cjal-9190	802	7	fund	fund	NOUN
cjal-9190	802	8	became	become	VERB
cjal-9190	802	9	the	the	DET
cjal-9190	802	10	first	first	ADJ
cjal-9190	802	11	two	two	NUM
cjal-9190	802	12	regulated	regulated	ADJ
cjal-9190	802	13	funds	fund	NOUN
cjal-9190	802	14	permitted	permit	VERB
cjal-9190	802	15	under	under	ADP
cjal-9190	802	16	the	the	DET
cjal-9190	802	17	measures	measure	NOUN
cjal-9190	802	18	.	.	PUNCT
cjal-9190	803	1	the	the	DET
cjal-9190	803	2	“	"	PUNCT
cjal-9190	803	3	old	old	ADJ
cjal-9190	803	4	ten	ten	ADJ
cjal-9190	803	5	”	"	PUNCT
cjal-9190	803	6	fund	fund	NOUN
cjal-9190	803	7	management	management	NOUN
cjal-9190	803	8	companies	company	NOUN
cjal-9190	803	9	were	be	AUX
cjal-9190	803	10	established	establish	VERB
cjal-9190	803	11	between	between	ADP
cjal-9190	803	12	1998	1998	NUM
cjal-9190	803	13	-	-	SYM
cjal-9190	803	14	1999	1999	NUM
cjal-9190	803	15	,	,	PUNCT
cjal-9190	803	16	comprising	comprising	NOUN
cjal-9190	803	17	of	of	ADP
cjal-9190	803	18	10	10	NUM
cjal-9190	803	19	companies	company	NOUN
cjal-9190	803	20	,	,	PUNCT
cjal-9190	803	21	including	include	VERB
cjal-9190	803	22	the	the	DET
cjal-9190	803	23	china	china	PROPN
cjal-9190	803	24	southern	southern	PROPN
cjal-9190	803	25	fund	fund	PROPN
cjal-9190	803	26	management	management	NOUN
cjal-9190	803	27	,	,	PUNCT
cjal-9190	803	28	guotai	guotai	PROPN
cjal-9190	803	29	fund	fund	NOUN
cjal-9190	803	30	management	management	NOUN
cjal-9190	803	31	,	,	PUNCT
cjal-9190	803	32	china	china	PROPN
cjal-9190	803	33	fund	fund	PROPN
cjal-9190	803	34	management	management	NOUN
cjal-9190	803	35	.	.	PUNCT
cjal-9190	804	1	at	at	ADP
cjal-9190	804	2	the	the	DET
cjal-9190	804	3	beginning	beginning	NOUN
cjal-9190	804	4	of	of	ADP
cjal-9190	804	5	march	march	PROPN
cjal-9190	804	6	1999	1999	NUM
cjal-9190	804	7	,	,	PUNCT
cjal-9190	804	8	the	the	DET
cjal-9190	804	9	csrc	csrc	NOUN
cjal-9190	804	10	began	begin	VERB
cjal-9190	804	11	the	the	DET
cjal-9190	804	12	process	process	NOUN
cjal-9190	804	13	of	of	ADP
cjal-9190	804	14	standardizing	standardize	VERB
cjal-9190	804	15	and	and	CCONJ
cjal-9190	804	16	liquidating	liquidate	VERB
cjal-9190	804	17	the	the	DET
cjal-9190	804	18	75	75	NUM
cjal-9190	804	19	funds	fund	NOUN
cjal-9190	804	20	that	that	PRON
cjal-9190	804	21	were	be	AUX
cjal-9190	804	22	established	establish	VERB
cjal-9190	804	23	prior	prior	ADV
cjal-9190	804	24	to	to	ADP
cjal-9190	804	25	the	the	DET
cjal-9190	804	26	measures	measure	NOUN
cjal-9190	804	27	in	in	ADP
cjal-9190	804	28	order	order	NOUN
cjal-9190	804	29	to	to	PART
cjal-9190	804	30	bring	bring	VERB
cjal-9190	804	31	them	they	PRON
cjal-9190	804	32	in	in	ADP
cjal-9190	804	33	line	line	NOUN
cjal-9190	804	34	with	with	ADP
cjal-9190	804	35	the	the	DET
cjal-9190	804	36	measures	measure	NOUN
cjal-9190	804	37	.	.	PUNCT
cjal-9190	805	1	by	by	ADP
cjal-9190	805	2	the	the	DET
cjal-9190	805	3	end	end	NOUN
cjal-9190	805	4	of	of	ADP
cjal-9190	805	5	september	september	PROPN
cjal-9190	805	6	2003	2003	NUM
cjal-9190	805	7	,	,	PUNCT
cjal-9190	805	8	these	these	DET
cjal-9190	805	9	75	75	NUM
cjal-9190	805	10	funds	fund	NOUN
cjal-9190	805	11	were	be	AUX
cjal-9190	805	12	consolidated	consolidate	VERB
cjal-9190	805	13	into	into	ADP
cjal-9190	805	14	29	29	NUM
cjal-9190	805	15	.	.	PUNCT
cjal-9190	806	1	sept	sept	PROPN
cjal-9190	806	2	.	.	PROPN
cjal-9190	806	3	2001	2001	NUM
cjal-9190	806	4	china	china	PROPN
cjal-9190	806	5	’s	’s	PART
cjal-9190	806	6	first	first	ADJ
cjal-9190	806	7	open	open	ADV
cjal-9190	806	8	-	-	PUNCT
cjal-9190	806	9	ended	end	VERB
cjal-9190	806	10	securities	security	NOUN
cjal-9190	806	11	investment	investment	NOUN
cjal-9190	806	12	fund	fund	PROPN
cjal-9190	806	13	,	,	PUNCT
cjal-9190	806	14	hua	hua	PROPN
cjal-9190	806	15	-	-	PUNCT
cjal-9190	806	16	an	an	DET
cjal-9190	806	17	innovation	innovation	NOUN
cjal-9190	806	18	investment	investment	NOUN
cjal-9190	806	19	fund	fund	NOUN
cjal-9190	806	20	,	,	PUNCT
cjal-9190	806	21	came	come	VERB
cjal-9190	806	22	into	into	ADP
cjal-9190	806	23	existence	existence	NOUN
cjal-9190	806	24	.	.	PUNCT
cjal-9190	807	1	this	this	PRON
cjal-9190	807	2	marked	mark	VERB
cjal-9190	807	3	the	the	DET
cjal-9190	807	4	start	start	NOUN
cjal-9190	807	5	of	of	ADP
cjal-9190	807	6	a	a	DET
cjal-9190	807	7	new	new	ADJ
cjal-9190	807	8	era	era	NOUN
cjal-9190	807	9	,	,	PUNCT
cjal-9190	807	10	where	where	SCONJ
cjal-9190	807	11	public	public	ADJ
cjal-9190	807	12	offering	offering	NOUN
cjal-9190	807	13	funds	fund	NOUN
cjal-9190	807	14	began	begin	VERB
cjal-9190	807	15	to	to	PART
cjal-9190	807	16	adopt	adopt	VERB
cjal-9190	807	17	an	an	DET
cjal-9190	807	18	open	open	ADV
cjal-9190	807	19	-	-	PUNCT
cjal-9190	807	20	ended	end	VERB
cjal-9190	807	21	fund	fund	NOUN
cjal-9190	807	22	model	model	NOUN
cjal-9190	807	23	.	.	PUNCT
cjal-9190	808	1	by	by	ADP
cjal-9190	808	2	the	the	DET
cjal-9190	808	3	end	end	NOUN
cjal-9190	808	4	of	of	ADP
cjal-9190	808	5	2002	2002	NUM
cjal-9190	808	6	,	,	PUNCT
cjal-9190	808	7	the	the	DET
cjal-9190	808	8	number	number	NOUN
cjal-9190	808	9	of	of	ADP
cjal-9190	808	10	openended	openende	VERB
cjal-9190	808	11	securities	security	NOUN
cjal-9190	808	12	investment	investment	NOUN
cjal-9190	808	13	funds	fund	NOUN
cjal-9190	808	14	had	have	AUX
cjal-9190	808	15	increased	increase	VERB
cjal-9190	808	16	to	to	ADP
cjal-9190	808	17	17	17	NUM
cjal-9190	808	18	,	,	PUNCT
cjal-9190	808	19	and	and	CCONJ
cjal-9190	808	20	it	it	PRON
cjal-9190	808	21	went	go	VERB
cjal-9190	808	22	on	on	ADP
cjal-9190	808	23	to	to	PART
cjal-9190	808	24	gradually	gradually	ADV
cjal-9190	808	25	replace	replace	VERB
cjal-9190	808	26	closed	closed	ADJ
cjal-9190	808	27	-	-	PUNCT
cjal-9190	808	28	ended	end	VERB
cjal-9190	808	29	funds	fund	NOUN
cjal-9190	808	30	as	as	SCONJ
cjal-9190	808	31	opened	open	VERB
cjal-9190	808	32	-	-	PUNCT
cjal-9190	808	33	ended	end	VERB
cjal-9190	808	34	funds	fund	NOUN
cjal-9190	808	35	had	have	VERB
cjal-9190	808	36	more	more	ADJ
cjal-9190	808	37	advantages	advantage	NOUN
cjal-9190	808	38	.	.	PUNCT
cjal-9190	809	1	this	this	DET
cjal-9190	809	2	period	period	NOUN
cjal-9190	809	3	was	be	AUX
cjal-9190	809	4	also	also	ADV
cjal-9190	809	5	the	the	DET
cjal-9190	809	6	norming	norming	NOUN
cjal-9190	809	7	stage	stage	NOUN
cjal-9190	809	8	for	for	ADP
cjal-9190	809	9	the	the	DET
cjal-9190	809	10	industry	industry	NOUN
cjal-9190	809	11	.	.	PUNCT
cjal-9190	810	1	28	28	NUM
cjal-9190	810	2	oct	oct	PROPN
cjal-9190	810	3	.	.	PROPN
cjal-9190	810	4	2003	2003	NUM
cjal-9190	810	5	the	the	DET
cjal-9190	810	6	“	"	PUNCT
cjal-9190	810	7	prc	prc	PROPN
cjal-9190	810	8	securities	security	NOUN
cjal-9190	810	9	investment	investment	NOUN
cjal-9190	810	10	fund	fund	NOUN
cjal-9190	810	11	law	law	NOUN
cjal-9190	810	12	”	"	PUNCT
cjal-9190	810	13	(	(	PUNCT
cjal-9190	810	14	证	证	PRON
cjal-9190	810	15	券投资基金法	券投资基金法	NOUN
cjal-9190	810	16	)	)	PUNCT
cjal-9190	810	17	was	be	AUX
cjal-9190	810	18	promulgated	promulgate	VERB
cjal-9190	810	19	and	and	CCONJ
cjal-9190	810	20	implemented	implement	VERB
cjal-9190	810	21	.	.	PUNCT
cjal-9190	811	1	this	this	DET
cjal-9190	811	2	law	law	NOUN
cjal-9190	811	3	accelerated	accelerate	VERB
cjal-9190	811	4	the	the	DET
cjal-9190	811	5	development	development	NOUN
cjal-9190	811	6	of	of	ADP
cjal-9190	811	7	securities	security	NOUN
cjal-9190	811	8	investment	investment	NOUN
cjal-9190	811	9	funds	fund	NOUN
cjal-9190	811	10	.	.	PUNCT
cjal-9190	812	1	by	by	ADP
cjal-9190	812	2	the	the	DET
cjal-9190	812	3	end	end	NOUN
cjal-9190	812	4	of	of	ADP
cjal-9190	812	5	2003	2003	NUM
cjal-9190	812	6	,	,	PUNCT
cjal-9190	812	7	there	there	PRON
cjal-9190	812	8	were	be	VERB
cjal-9190	812	9	three	three	NUM
cjal-9190	812	10	money	money	NOUN
cjal-9190	812	11	market	market	NOUN
cjal-9190	812	12	funds	fund	NOUN
cjal-9190	812	13	in	in	ADP
cjal-9190	812	14	china	china	PROPN
cjal-9190	812	15	.	.	PUNCT
cjal-9190	813	1	however	however	ADV
cjal-9190	813	2	,	,	PUNCT
cjal-9190	813	3	as	as	ADP
cjal-9190	813	4	of	of	ADP
cjal-9190	813	5	2005	2005	NUM
cjal-9190	813	6	,	,	PUNCT
cjal-9190	813	7	fund	fund	NOUN
cjal-9190	813	8	management	management	NOUN
cjal-9190	813	9	companies	company	NOUN
cjal-9190	813	10	still	still	ADV
cjal-9190	813	11	had	have	VERB
cjal-9190	813	12	little	little	ADJ
cjal-9190	813	13	influence	influence	NOUN
cjal-9190	813	14	in	in	ADP
cjal-9190	813	15	the	the	DET
cjal-9190	813	16	capital	capital	NOUN
cjal-9190	813	17	market	market	NOUN
cjal-9190	813	18	because	because	SCONJ
cjal-9190	813	19	the	the	DET
cjal-9190	813	20	size	size	NOUN
cjal-9190	813	21	of	of	ADP
cjal-9190	813	22	the	the	DET
cjal-9190	813	23	industry	industry	NOUN
cjal-9190	813	24	remained	remain	VERB
cjal-9190	813	25	relatively	relatively	ADV
cjal-9190	813	26	small	small	ADJ
cjal-9190	813	27	,	,	PUNCT
cjal-9190	813	28	and	and	CCONJ
cjal-9190	813	29	the	the	DET
cjal-9190	813	30	strategy	strategy	NOUN
cjal-9190	813	31	it	it	PRON
cjal-9190	813	32	adopted	adopt	VERB
cjal-9190	813	33	,	,	PUNCT
cjal-9190	813	34	value	value	NOUN
cjal-9190	813	35	investing	investing	NOUN
cjal-9190	813	36	,	,	PUNCT
cjal-9190	813	37	was	be	AUX
cjal-9190	813	38	yet	yet	ADV
cjal-9190	813	39	to	to	PART
cjal-9190	813	40	be	be	AUX
cjal-9190	813	41	widely	widely	ADV
cjal-9190	813	42	accepted.209	accepted.209	VERB
cjal-9190	813	43	209	209	NUM
cjal-9190	814	1	i	i	PROPN
cjal-9190	814	2	d.	d.	PROPN
cjal-9190	814	3	138	138	NUM
cjal-9190	814	4	institutional	institutional	ADJ
cjal-9190	814	5	investors	investor	NOUN
cjal-9190	814	6	in	in	ADP
cjal-9190	814	7	china	china	PROPN
cjal-9190	814	8	[	[	X
cjal-9190	814	9	vol	vol	NOUN
cjal-9190	814	10	.	.	PUNCT
cjal-9190	814	11	35	35	NUM
cjal-9190	814	12	:	:	SYM
cjal-9190	814	13	74	74	NUM
cjal-9190	814	14	dates	date	VERB
cjal-9190	814	15	law	law	NOUN
cjal-9190	814	16	/	/	SYM
cjal-9190	814	17	policy	policy	NOUN
cjal-9190	814	18	implications	implication	NOUN
cjal-9190	814	19	and	and	CCONJ
cjal-9190	814	20	significance	significance	NOUN
cjal-9190	814	21	27	27	NUM
cjal-9190	814	22	apr	apr	NOUN
cjal-9190	814	23	.	.	PUNCT
cjal-9190	814	24	2018	2018	NUM
cjal-9190	815	1	the	the	DET
cjal-9190	815	2	guiding	guide	VERB
cjal-9190	815	3	opinions	opinion	NOUN
cjal-9190	815	4	on	on	ADP
cjal-9190	815	5	regulating	regulate	VERB
cjal-9190	815	6	the	the	DET
cjal-9190	815	7	asset	asset	NOUN
cjal-9190	815	8	management	management	NOUN
cjal-9190	815	9	business	business	NOUN
cjal-9190	815	10	of	of	ADP
cjal-9190	815	11	financial	financial	ADJ
cjal-9190	815	12	institutions	institution	NOUN
cjal-9190	815	13	(	(	PUNCT
cjal-9190	815	14	no	no	INTJ
cjal-9190	815	15	.	.	NOUN
cjal-9190	815	16	106	106	NUM
cjal-9190	816	1	[	[	SYM
cjal-9190	816	2	2018	2018	NUM
cjal-9190	816	3	]	]	PUNCT
cjal-9190	816	4	of	of	ADP
cjal-9190	816	5	the	the	DET
cjal-9190	816	6	people	people	NOUN
cjal-9190	816	7	’s	’s	PART
cjal-9190	816	8	bank	bank	PROPN
cjal-9190	816	9	of	of	ADP
cjal-9190	816	10	china	china	PROPN
cjal-9190	816	11	)	)	PUNCT
cjal-9190	817	1	(	(	PUNCT
cjal-9190	817	2	关于规范	关于规范	PROPN
cjal-9190	817	3	金融机构资产管理业务的	金融机构资产管理业务的	PROPN
cjal-9190	817	4	指导意见	指导意见	PROPN
cjal-9190	817	5	)	)	PUNCT
cjal-9190	817	6	was	be	AUX
cjal-9190	817	7	promulgated	promulgate	VERB
cjal-9190	817	8	by	by	ADP
cjal-9190	817	9	pboc	pboc	NOUN
cjal-9190	817	10	,	,	PUNCT
cjal-9190	817	11	cbirc	cbirc	NOUN
cjal-9190	817	12	,	,	PUNCT
cjal-9190	817	13	csrc	csrc	NOUN
cjal-9190	817	14	,	,	PUNCT
cjal-9190	817	15	and	and	CCONJ
cjal-9190	817	16	safe	safe	ADJ
cjal-9190	817	17	.	.	PUNCT
cjal-9190	818	1	the	the	DET
cjal-9190	818	2	opinion	opinion	NOUN
cjal-9190	818	3	standardized	standardize	VERB
cjal-9190	818	4	the	the	DET
cjal-9190	818	5	regulation	regulation	NOUN
cjal-9190	818	6	of	of	ADP
cjal-9190	818	7	securities	security	NOUN
cjal-9190	818	8	investment	investment	NOUN
cjal-9190	818	9	funds	fund	NOUN
cjal-9190	818	10	under	under	ADP
cjal-9190	818	11	the	the	DET
cjal-9190	818	12	unified	unified	ADJ
cjal-9190	818	13	supervision	supervision	NOUN
cjal-9190	818	14	of	of	ADP
cjal-9190	818	15	the	the	DET
cjal-9190	818	16	people	people	NOUN
cjal-9190	818	17	’s	’s	PART
cjal-9190	818	18	bank	bank	PROPN
cjal-9190	818	19	of	of	ADP
cjal-9190	818	20	china	china	PROPN
cjal-9190	818	21	,	,	PUNCT
cjal-9190	818	22	the	the	DET
cjal-9190	818	23	china	china	PROPN
cjal-9190	818	24	banking	banking	PROPN
cjal-9190	818	25	and	and	CCONJ
cjal-9190	818	26	insurance	insurance	PROPN
cjal-9190	818	27	regulatory	regulatory	ADJ
cjal-9190	818	28	commission	commission	NOUN
cjal-9190	818	29	,	,	PUNCT
cjal-9190	818	30	and	and	CCONJ
cjal-9190	818	31	the	the	DET
cjal-9190	818	32	csrc	csrc	NOUN
cjal-9190	818	33	.	.	PUNCT
cjal-9190	819	1	the	the	DET
cjal-9190	819	2	guidelines	guideline	NOUN
cjal-9190	819	3	unified	unify	VERB
cjal-9190	819	4	regulation	regulation	NOUN
cjal-9190	819	5	standards	standard	NOUN
cjal-9190	819	6	for	for	ADP
cjal-9190	819	7	all	all	DET
cjal-9190	819	8	asset	asset	NOUN
cjal-9190	819	9	management	management	NOUN
cjal-9190	819	10	products	product	NOUN
cjal-9190	819	11	issued	issue	VERB
cjal-9190	819	12	by	by	ADP
cjal-9190	819	13	an	an	DET
cjal-9190	819	14	asset	asset	NOUN
cjal-9190	819	15	management	management	NOUN
cjal-9190	819	16	business	business	NOUN
cjal-9190	819	17	such	such	ADJ
cjal-9190	819	18	as	as	ADP
cjal-9190	819	19	financial	financial	ADJ
cjal-9190	819	20	services	service	NOUN
cjal-9190	819	21	provided	provide	VERB
cjal-9190	819	22	by	by	ADP
cjal-9190	819	23	banks	bank	NOUN
cjal-9190	819	24	,	,	PUNCT
cjal-9190	819	25	trusts	trust	NOUN
cjal-9190	819	26	,	,	PUNCT
cjal-9190	819	27	securities	security	NOUN
cjal-9190	819	28	companies	company	NOUN
cjal-9190	819	29	,	,	PUNCT
cjal-9190	819	30	funds	fund	NOUN
cjal-9190	819	31	,	,	PUNCT
cjal-9190	819	32	futures	future	NOUN
cjal-9190	819	33	companies	company	NOUN
cjal-9190	819	34	,	,	PUNCT
cjal-9190	819	35	insurance	insurance	NOUN
cjal-9190	819	36	asset	asset	NOUN
cjal-9190	819	37	management	management	NOUN
cjal-9190	819	38	institutions	institution	NOUN
cjal-9190	819	39	,	,	PUNCT
cjal-9190	819	40	or	or	CCONJ
cjal-9190	819	41	financial	financial	ADJ
cjal-9190	819	42	asset	asset	NOUN
cjal-9190	819	43	investment	investment	NOUN
cjal-9190	819	44	companies	company	NOUN
cjal-9190	819	45	.	.	PUNCT
cjal-9190	820	1	the	the	DET
cjal-9190	820	2	guidelines	guideline	NOUN
cjal-9190	820	3	regulate	regulate	VERB
cjal-9190	820	4	the	the	DET
cjal-9190	820	5	risks	risk	NOUN
cjal-9190	820	6	present	present	ADJ
cjal-9190	820	7	in	in	ADP
cjal-9190	820	8	various	various	ADJ
cjal-9190	820	9	aspects	aspect	NOUN
cjal-9190	820	10	of	of	ADP
cjal-9190	820	11	the	the	DET
cjal-9190	820	12	asset	asset	NOUN
cjal-9190	820	13	management	management	NOUN
cjal-9190	820	14	business	business	NOUN
cjal-9190	820	15	,	,	PUNCT
cjal-9190	820	16	such	such	ADJ
cjal-9190	820	17	as	as	ADP
cjal-9190	820	18	product	product	NOUN
cjal-9190	820	19	nesting	nesting	NOUN
cjal-9190	820	20	,	,	PUNCT
cjal-9190	820	21	capital	capital	NOUN
cjal-9190	820	22	pool	pool	NOUN
cjal-9190	820	23	operations	operation	NOUN
cjal-9190	820	24	,	,	PUNCT
cjal-9190	820	25	non	non	ADJ
cjal-9190	820	26	-	-	ADJ
cjal-9190	820	27	standard	standard	ADJ
cjal-9190	820	28	asset	asset	NOUN
cjal-9190	820	29	investment	investment	NOUN
cjal-9190	820	30	,	,	PUNCT
cjal-9190	820	31	rigid	rigid	ADJ
cjal-9190	820	32	repayment	repayment	NOUN
cjal-9190	820	33	,	,	PUNCT
cjal-9190	820	34	and	and	CCONJ
cjal-9190	820	35	the	the	DET
cjal-9190	820	36	disorderly	disorderly	ADJ
cjal-9190	820	37	business	business	NOUN
cjal-9190	820	38	operation	operation	NOUN
cjal-9190	820	39	of	of	ADP
cjal-9190	820	40	non	non	ADJ
cjal-9190	820	41	-	-	ADJ
cjal-9190	820	42	financial	financial	ADJ
cjal-9190	820	43	institutions	institution	NOUN
cjal-9190	820	44	.	.	PUNCT
cjal-9190	821	1	6	6	NUM
cjal-9190	821	2	jan	jan	PROPN
cjal-9190	821	3	.	.	PROPN
cjal-9190	821	4	2020	2020	NUM
cjal-9190	821	5	guiding	guide	VERB
cjal-9190	821	6	opinions	opinion	NOUN
cjal-9190	821	7	of	of	ADP
cjal-9190	821	8	the	the	DET
cjal-9190	821	9	china	china	PROPN
cjal-9190	821	10	banking	banking	PROPN
cjal-9190	821	11	and	and	CCONJ
cjal-9190	821	12	insurance	insurance	NOUN
cjal-9190	821	13	regulatory	regulatory	ADJ
cjal-9190	821	14	commission	commission	NOUN
cjal-9190	821	15	on	on	ADP
cjal-9190	821	16	promoting	promote	VERB
cjal-9190	821	17	the	the	DET
cjal-9190	821	18	high	high	ADJ
cjal-9190	821	19	-	-	PUNCT
cjal-9190	821	20	quality	quality	NOUN
cjal-9190	821	21	development	development	NOUN
cjal-9190	821	22	of	of	ADP
cjal-9190	821	23	banking	banking	NOUN
cjal-9190	821	24	and	and	CCONJ
cjal-9190	821	25	insurance	insurance	NOUN
cjal-9190	821	26	industries	industry	NOUN
cjal-9190	821	27	(	(	PUNCT
cjal-9190	821	28	中国银保监会关于推进	中国银保监会关于推进	ADJ
cjal-9190	821	29	银行业和保险业高质量发	银行业和保险业高质量发	NOUN
cjal-9190	821	30	展的指导意见	展的指导意见	PROPN
cjal-9190	821	31	)	)	PUNCT
cjal-9190	821	32	were	be	AUX
cjal-9190	821	33	issued	issue	VERB
cjal-9190	821	34	.	.	PUNCT
cjal-9190	822	1	foreign	foreign	ADJ
cjal-9190	822	2	-	-	PUNCT
cjal-9190	822	3	funded	fund	VERB
cjal-9190	822	4	banks	bank	NOUN
cjal-9190	822	5	are	be	AUX
cjal-9190	822	6	encouraged	encourage	VERB
cjal-9190	822	7	to	to	PART
cjal-9190	822	8	collaborate	collaborate	VERB
cjal-9190	822	9	with	with	ADP
cjal-9190	822	10	their	their	PRON
cjal-9190	822	11	parent	parent	NOUN
cjal-9190	822	12	banks	bank	NOUN
cjal-9190	822	13	in	in	ADP
cjal-9190	822	14	the	the	DET
cjal-9190	822	15	featured	feature	VERB
cjal-9190	822	16	business	business	NOUN
cjal-9190	822	17	,	,	PUNCT
cjal-9190	822	18	including	include	VERB
cjal-9190	822	19	the	the	DET
cjal-9190	822	20	wealth	wealth	NOUN
cjal-9190	822	21	management	management	NOUN
cjal-9190	822	22	business	business	NOUN
cjal-9190	822	23	.	.	PUNCT
cjal-9190	823	1	foreign	foreign	ADJ
cjal-9190	823	2	financial	financial	ADJ
cjal-9190	823	3	institutions	institution	NOUN
cjal-9190	823	4	are	be	AUX
cjal-9190	823	5	encouraged	encourage	VERB
cjal-9190	823	6	to	to	PART
cjal-9190	823	7	make	make	VERB
cjal-9190	823	8	equity	equity	NOUN
cjal-9190	823	9	investment(s	investment(s	PROPN
cjal-9190	823	10	)	)	PUNCT
cjal-9190	823	11	in	in	ADP
cjal-9190	823	12	the	the	DET
cjal-9190	823	13	wealth	wealth	NOUN
cjal-9190	823	14	management	management	NOUN
cjal-9190	823	15	subsidiaries	subsidiary	NOUN
cjal-9190	823	16	of	of	ADP
cjal-9190	823	17	commercial	commercial	ADJ
cjal-9190	823	18	banks	bank	NOUN
cjal-9190	823	19	.	.	PUNCT
cjal-9190	824	1	foreign	foreign	ADJ
cjal-9190	824	2	asset	asset	NOUN
cjal-9190	824	3	management	management	NOUN
cjal-9190	824	4	institutions	institution	NOUN
cjal-9190	824	5	are	be	AUX
cjal-9190	824	6	allowed	allow	VERB
cjal-9190	824	7	to	to	PART
cjal-9190	824	8	set	set	VERB
cjal-9190	824	9	up	up	ADP
cjal-9190	824	10	foreign	foreign	ADJ
cjal-9190	824	11	-	-	PUNCT
cjal-9190	824	12	controlled	control	VERB
cjal-9190	824	13	joint	joint	ADJ
cjal-9190	824	14	venture	venture	NOUN
cjal-9190	824	15	wealth	wealth	NOUN
cjal-9190	824	16	management	management	NOUN
cjal-9190	824	17	companies	company	NOUN
cjal-9190	824	18	with	with	ADP
cjal-9190	824	19	subsidiaries	subsidiary	NOUN
cjal-9190	824	20	of	of	ADP
cjal-9190	824	21	domestic	domestic	ADJ
cjal-9190	824	22	funded	fund	VERB
cjal-9190	824	23	banks	bank	NOUN
cjal-9190	824	24	or	or	CCONJ
cjal-9190	824	25	insurance	insurance	NOUN
cjal-9190	824	26	companies	company	NOUN
cjal-9190	824	27	.	.	PUNCT
cjal-9190	825	1	national	national	ADJ
cjal-9190	825	2	social	social	ADJ
cjal-9190	825	3	security	security	NOUN
cjal-9190	825	4	fund	fund	NOUN
cjal-9190	825	5	(	(	PUNCT
cjal-9190	825	6	nssf	nssf	NOUN
cjal-9190	825	7	)	)	PUNCT
cjal-9190	825	8	aug	aug	PROPN
cjal-9190	825	9	.	.	PROPN
cjal-9190	825	10	2000	2000	NUM
cjal-9190	826	1	the	the	DET
cjal-9190	826	2	nssf	nssf	NOUN
cjal-9190	826	3	was	be	AUX
cjal-9190	826	4	established	establish	VERB
cjal-9190	826	5	.	.	PUNCT
cjal-9190	827	1	2011	2011	NUM
cjal-9190	827	2	china	china	PROPN
cjal-9190	827	3	’s	’s	PART
cjal-9190	827	4	basic	basic	ADJ
cjal-9190	827	5	pension	pension	NOUN
cjal-9190	827	6	fund	fund	NOUN
cjal-9190	827	7	officially	officially	ADV
cjal-9190	827	8	entered	enter	VERB
cjal-9190	827	9	the	the	DET
cjal-9190	827	10	market.210	market.210	NOUN
cjal-9190	827	11	with	with	ADP
cjal-9190	827	12	the	the	DET
cjal-9190	827	13	approval	approval	NOUN
cjal-9190	827	14	of	of	ADP
cjal-9190	827	15	the	the	DET
cjal-9190	827	16	state	state	NOUN
cjal-9190	827	17	council	council	PROPN
cjal-9190	827	18	,	,	PUNCT
cjal-9190	827	19	the	the	DET
cjal-9190	827	20	nssf	nssf	NOUN
cjal-9190	827	21	was	be	AUX
cjal-9190	827	22	entrusted	entrust	VERB
cjal-9190	827	23	with	with	ADP
cjal-9190	827	24	the	the	DET
cjal-9190	827	25	investment	investment	NOUN
cjal-9190	827	26	operations	operation	NOUN
cjal-9190	827	27	of	of	ADP
cjal-9190	827	28	the	the	DET
cjal-9190	827	29	basic	basic	ADJ
cjal-9190	827	30	pension	pension	NOUN
cjal-9190	827	31	funds	fund	NOUN
cjal-9190	827	32	of	of	ADP
cjal-9190	827	33	guangdong	guangdong	PROPN
cjal-9190	827	34	and	and	CCONJ
cjal-9190	827	35	shandong	shandong	PROPN
cjal-9190	827	36	province	province	PROPN
cjal-9190	827	37	in	in	ADP
cjal-9190	827	38	2012	2012	NUM
cjal-9190	827	39	and	and	CCONJ
cjal-9190	827	40	2015	2015	NUM
cjal-9190	827	41	respectively	respectively	ADV
cjal-9190	827	42	,	,	PUNCT
cjal-9190	827	43	each	each	PRON
cjal-9190	827	44	valued	value	VERB
cjal-9190	827	45	at	at	ADP
cjal-9190	827	46	rmb	rmb	PROPN
cjal-9190	827	47	100	100	NUM
cjal-9190	827	48	billion	billion	NUM
cjal-9190	827	49	,	,	PUNCT
cjal-9190	827	50	and	and	CCONJ
cjal-9190	827	51	has	have	AUX
cjal-9190	827	52	achieved	achieve	VERB
cjal-9190	827	53	high	high	ADJ
cjal-9190	827	54	rates	rate	NOUN
cjal-9190	827	55	of	of	ADP
cjal-9190	827	56	return.211	return.211	PROPN
cjal-9190	827	57	210	210	NUM
cjal-9190	827	58	capital	capital	NOUN
cjal-9190	827	59	markets	market	NOUN
cjal-9190	827	60	institute	institute	PROPN
cjal-9190	827	61	of	of	ADP
cjal-9190	827	62	sse	sse	PROPN
cjal-9190	827	63	(	(	PUNCT
cjal-9190	827	64	上海证券交易所资本研究院	上海证券交易所资本研究院	PROPN
cjal-9190	827	65	)	)	PUNCT
cjal-9190	827	66	,	,	PUNCT
cjal-9190	827	67	study	study	VERB
cjal-9190	827	68	on	on	ADP
cjal-9190	827	69	the	the	DET
cjal-9190	827	70	development	development	NOUN
cjal-9190	827	71	of	of	ADP
cjal-9190	827	72	long	long	ADJ
cjal-9190	827	73	-	-	PUNCT
cjal-9190	827	74	term	term	NOUN
cjal-9190	827	75	funds	fund	NOUN
cjal-9190	827	76	and	and	CCONJ
cjal-9190	827	77	their	their	PRON
cjal-9190	827	78	entry	entry	NOUN
cjal-9190	827	79	into	into	ADP
cjal-9190	827	80	the	the	DET
cjal-9190	827	81	market	market	NOUN
cjal-9190	827	82	(	(	PUNCT
cjal-9190	827	83	长期资金发展	长期资金发展	NOUN
cjal-9190	827	84	现状及入市问题研究	现状及入市问题研究	ADJ
cjal-9190	827	85	)	)	PUNCT
cjal-9190	827	86	,	,	PUNCT
cjal-9190	827	87	sse	sse	PROPN
cjal-9190	827	88	research	research	NOUN
cjal-9190	827	89	reports	report	NOUN
cjal-9190	827	90	(	(	PUNCT
cjal-9190	827	91	上证研报	上证研报	PROPN
cjal-9190	827	92	)	)	PUNCT
cjal-9190	827	93	,	,	PUNCT
cjal-9190	827	94	at	at	ADP
cjal-9190	827	95	1	1	NUM
cjal-9190	827	96	,	,	PUNCT
cjal-9190	827	97	5	5	NUM
cjal-9190	827	98	(	(	PUNCT
cjal-9190	827	99	2019	2019	NUM
cjal-9190	827	100	)	)	PUNCT
cjal-9190	827	101	,	,	PUNCT
cjal-9190	827	102	http://www.sse.com.cn/aboutus/research/report/c/4800716.pdf	http://www.sse.com.cn/aboutus/research/report/c/4800716.pdf	PROPN
cjal-9190	827	103	.	.	PROPN
cjal-9190	827	104	211	211	NUM
cjal-9190	828	1	i	i	PRON
cjal-9190	828	2	d.	d.	PROPN
cjal-9190	828	3	2022	2022	NUM
cjal-9190	828	4	]	]	PUNCT
cjal-9190	828	5	columbia	columbia	PROPN
cjal-9190	828	6	journal	journal	PROPN
cjal-9190	828	7	of	of	ADP
cjal-9190	828	8	asian	asian	ADJ
cjal-9190	828	9	law	law	NOUN
cjal-9190	828	10	139	139	NUM
cjal-9190	828	11	dates	date	NOUN
cjal-9190	828	12	law	law	NOUN
cjal-9190	828	13	/	/	SYM
cjal-9190	828	14	policy	policy	NOUN
cjal-9190	828	15	implications	implication	NOUN
cjal-9190	828	16	and	and	CCONJ
cjal-9190	828	17	significance	significance	NOUN
cjal-9190	828	18	23	23	NUM
cjal-9190	828	19	aug	aug	NOUN
cjal-9190	828	20	.	.	PROPN
cjal-9190	828	21	2015	2015	NUM
cjal-9190	828	22	the	the	DET
cjal-9190	828	23	state	state	NOUN
cjal-9190	828	24	council	council	PROPN
cjal-9190	828	25	promulgated	promulgate	VERB
cjal-9190	828	26	the	the	DET
cjal-9190	828	27	“	"	PUNCT
cjal-9190	828	28	measures	measure	NOUN
cjal-9190	828	29	for	for	ADP
cjal-9190	828	30	the	the	DET
cjal-9190	828	31	administration	administration	NOUN
cjal-9190	828	32	of	of	ADP
cjal-9190	828	33	investment	investment	NOUN
cjal-9190	828	34	in	in	ADP
cjal-9190	828	35	basic	basic	ADJ
cjal-9190	828	36	pension	pension	NOUN
cjal-9190	828	37	insurance	insurance	NOUN
cjal-9190	828	38	funds	fund	NOUN
cjal-9190	828	39	”	"	PUNCT
cjal-9190	828	40	(	(	PUNCT
cjal-9190	828	41	基本养	基本养	PROPN
cjal-9190	828	42	老保险基金投资管理办	老保险基金投资管理办	PROPN
cjal-9190	828	43	法	法	X
cjal-9190	828	44	)	)	PUNCT
cjal-9190	828	45	.	.	PUNCT
cjal-9190	829	1	the	the	DET
cjal-9190	829	2	measures	measure	NOUN
cjal-9190	829	3	broadened	broaden	VERB
cjal-9190	829	4	the	the	DET
cjal-9190	829	5	scope	scope	NOUN
cjal-9190	829	6	of	of	ADP
cjal-9190	829	7	investment	investment	NOUN
cjal-9190	829	8	for	for	ADP
cjal-9190	829	9	the	the	DET
cjal-9190	829	10	funds	fund	NOUN
cjal-9190	829	11	,	,	PUNCT
cjal-9190	829	12	stipulating	stipulate	VERB
cjal-9190	829	13	that	that	SCONJ
cjal-9190	829	14	the	the	DET
cjal-9190	829	15	proportion	proportion	NOUN
cjal-9190	829	16	of	of	ADP
cjal-9190	829	17	investment	investment	NOUN
cjal-9190	829	18	in	in	ADP
cjal-9190	829	19	stocks	stock	NOUN
cjal-9190	829	20	,	,	PUNCT
cjal-9190	829	21	stock	stock	NOUN
cjal-9190	829	22	funds	fund	NOUN
cjal-9190	829	23	,	,	PUNCT
cjal-9190	829	24	hybrid	hybrid	ADJ
cjal-9190	829	25	funds	fund	NOUN
cjal-9190	829	26	,	,	PUNCT
cjal-9190	829	27	and	and	CCONJ
cjal-9190	829	28	stock	stock	NOUN
cjal-9190	829	29	pension	pension	NOUN
cjal-9190	829	30	products	product	NOUN
cjal-9190	829	31	should	should	AUX
cjal-9190	829	32	not	not	PART
cjal-9190	829	33	be	be	AUX
cjal-9190	829	34	higher	high	ADJ
cjal-9190	829	35	than	than	ADP
cjal-9190	829	36	30	30	NUM
cjal-9190	829	37	%	%	NOUN
cjal-9190	829	38	of	of	ADP
cjal-9190	829	39	the	the	DET
cjal-9190	829	40	net	net	ADJ
cjal-9190	829	41	asset	asset	NOUN
cjal-9190	829	42	value	value	NOUN
cjal-9190	829	43	of	of	ADP
cjal-9190	829	44	the	the	DET
cjal-9190	829	45	funds	fund	NOUN
cjal-9190	829	46	,	,	PUNCT
cjal-9190	829	47	and	and	CCONJ
cjal-9190	829	48	allowing	allow	VERB
cjal-9190	829	49	the	the	DET
cjal-9190	829	50	funds	fund	NOUN
cjal-9190	829	51	to	to	PART
cjal-9190	829	52	participate	participate	VERB
cjal-9190	829	53	in	in	ADP
cjal-9190	829	54	the	the	DET
cjal-9190	829	55	trading	trading	NOUN
cjal-9190	829	56	of	of	ADP
cjal-9190	829	57	stock	stock	NOUN
cjal-9190	829	58	index	index	NOUN
cjal-9190	829	59	futures	future	NOUN
cjal-9190	829	60	and	and	CCONJ
cjal-9190	829	61	treasury	treasury	PROPN
cjal-9190	829	62	bond	bond	NOUN
cjal-9190	829	63	futures	future	NOUN
cjal-9190	829	64	for	for	ADP
cjal-9190	829	65	the	the	DET
cjal-9190	829	66	purpose	purpose	NOUN
cjal-9190	829	67	of	of	ADP
cjal-9190	829	68	value	value	NOUN
cjal-9190	829	69	preservation	preservation	NOUN
cjal-9190	829	70	.	.	PUNCT
cjal-9190	830	1	1	1	NUM
cjal-9190	830	2	may	may	PROPN
cjal-9190	830	3	2016	2016	NUM
cjal-9190	830	4	the	the	DET
cjal-9190	830	5	nssf	nssf	NOUN
cjal-9190	830	6	is	be	AUX
cjal-9190	830	7	required	require	VERB
cjal-9190	830	8	to	to	PART
cjal-9190	830	9	comply	comply	VERB
cjal-9190	830	10	with	with	ADP
cjal-9190	830	11	the	the	DET
cjal-9190	830	12	“	"	PUNCT
cjal-9190	830	13	regulation	regulation	NOUN
cjal-9190	830	14	on	on	ADP
cjal-9190	830	15	the	the	DET
cjal-9190	830	16	national	national	ADJ
cjal-9190	830	17	social	social	ADJ
cjal-9190	830	18	security	security	NOUN
cjal-9190	830	19	fund	fund	NOUN
cjal-9190	830	20	”	"	PUNCT
cjal-9190	830	21	(	(	PUNCT
cjal-9190	830	22	全国社会	全国社会	NOUN
cjal-9190	831	1	保	保	X
cjal-9190	831	2	险	险	PROPN
cjal-9190	831	3	基	基	NUM
cjal-9190	831	4	金	金	X
cjal-9190	831	5	条	条	X
cjal-9190	831	6	例	例	PROPN
cjal-9190	831	7	)	)	PUNCT
cjal-9190	831	8	(	(	PUNCT
cjal-9190	831	9	“	"	PUNCT
cjal-9190	831	10	regulation	regulation	NOUN
cjal-9190	831	11	”	"	PUNCT
cjal-9190	831	12	)	)	PUNCT
cjal-9190	831	13	,	,	PUNCT
cjal-9190	831	14	which	which	PRON
cjal-9190	831	15	came	come	VERB
cjal-9190	831	16	into	into	ADP
cjal-9190	831	17	force	force	NOUN
cjal-9190	831	18	on	on	ADP
cjal-9190	831	19	1	1	NUM
cjal-9190	831	20	may	may	PROPN
cjal-9190	831	21	2016	2016	NUM
cjal-9190	831	22	.	.	PUNCT
cjal-9190	832	1	the	the	DET
cjal-9190	832	2	regulation	regulation	NOUN
cjal-9190	832	3	consists	consist	VERB
cjal-9190	832	4	of	of	ADP
cjal-9190	832	5	clear	clear	ADJ
cjal-9190	832	6	rules	rule	NOUN
cjal-9190	832	7	for	for	ADP
cjal-9190	832	8	the	the	DET
cjal-9190	832	9	asset	asset	NOUN
cjal-9190	832	10	management	management	NOUN
cjal-9190	832	11	of	of	ADP
cjal-9190	832	12	the	the	DET
cjal-9190	832	13	nssf	nssf	NOUN
cjal-9190	832	14	,	,	PUNCT
cjal-9190	832	15	regarding	regard	VERB
cjal-9190	832	16	the	the	DET
cjal-9190	832	17	financing	financing	NOUN
cjal-9190	832	18	,	,	PUNCT
cjal-9190	832	19	management	management	NOUN
cjal-9190	832	20	,	,	PUNCT
cjal-9190	832	21	and	and	CCONJ
cjal-9190	832	22	use	use	NOUN
cjal-9190	832	23	of	of	ADP
cjal-9190	832	24	the	the	DET
cjal-9190	832	25	fund	fund	NOUN
cjal-9190	832	26	.	.	PUNCT
cjal-9190	833	1	on	on	ADP
cjal-9190	833	2	top	top	NOUN
cjal-9190	833	3	of	of	ADP
cjal-9190	833	4	the	the	DET
cjal-9190	833	5	regulation	regulation	NOUN
cjal-9190	833	6	,	,	PUNCT
cjal-9190	833	7	the	the	DET
cjal-9190	833	8	nssf	nssf	NOUN
cjal-9190	833	9	is	be	AUX
cjal-9190	833	10	also	also	ADV
cjal-9190	833	11	required	require	VERB
cjal-9190	833	12	to	to	PART
cjal-9190	833	13	comply	comply	VERB
cjal-9190	833	14	with	with	ADP
cjal-9190	833	15	the	the	DET
cjal-9190	833	16	prc	prc	PROPN
cjal-9190	833	17	social	social	ADJ
cjal-9190	833	18	insurance	insurance	NOUN
cjal-9190	833	19	law	law	NOUN
cjal-9190	833	20	,	,	PUNCT
cjal-9190	833	21	the	the	DET
cjal-9190	833	22	interim	interim	ADJ
cjal-9190	833	23	provisions	provision	NOUN
cjal-9190	833	24	on	on	ADP
cjal-9190	833	25	the	the	DET
cjal-9190	833	26	administration	administration	NOUN
cjal-9190	833	27	of	of	ADP
cjal-9190	833	28	investment	investment	NOUN
cjal-9190	833	29	by	by	ADP
cjal-9190	833	30	the	the	DET
cjal-9190	833	31	national	national	ADJ
cjal-9190	833	32	social	social	PROPN
cjal-9190	833	33	security	security	NOUN
cjal-9190	833	34	fund	fund	NOUN
cjal-9190	833	35	(	(	PUNCT
cjal-9190	833	36	“	"	PUNCT
cjal-9190	833	37	interim	interim	ADJ
cjal-9190	833	38	provisions	provision	NOUN
cjal-9190	833	39	”	"	PUNCT
cjal-9190	833	40	)	)	PUNCT
cjal-9190	833	41	,	,	PUNCT
cjal-9190	833	42	the	the	DET
cjal-9190	833	43	interim	interim	ADJ
cjal-9190	833	44	provisions	provision	NOUN
cjal-9190	833	45	on	on	ADP
cjal-9190	833	46	the	the	DET
cjal-9190	833	47	administration	administration	NOUN
cjal-9190	833	48	of	of	ADP
cjal-9190	833	49	overseas	overseas	ADJ
cjal-9190	833	50	investment	investment	NOUN
cjal-9190	833	51	by	by	ADP
cjal-9190	833	52	the	the	DET
cjal-9190	833	53	national	national	ADJ
cjal-9190	833	54	social	social	PROPN
cjal-9190	833	55	security	security	NOUN
cjal-9190	833	56	fund	fund	NOUN
cjal-9190	833	57	,	,	PUNCT
cjal-9190	833	58	and	and	CCONJ
cjal-9190	833	59	any	any	DET
cjal-9190	833	60	other	other	ADJ
cjal-9190	833	61	relevant	relevant	ADJ
cjal-9190	833	62	documents	document	NOUN
cjal-9190	833	63	approved	approve	VERB
cjal-9190	833	64	by	by	ADP
cjal-9190	833	65	the	the	DET
cjal-9190	833	66	state	state	PROPN
cjal-9190	833	67	council	council	PROPN
cjal-9190	833	68	,	,	PUNCT
cjal-9190	833	69	the	the	DET
cjal-9190	833	70	ministry	ministry	PROPN
cjal-9190	833	71	of	of	ADP
cjal-9190	833	72	finance	finance	PROPN
cjal-9190	833	73	and	and	CCONJ
cjal-9190	833	74	the	the	DET
cjal-9190	833	75	ministry	ministry	PROPN
cjal-9190	833	76	of	of	ADP
cjal-9190	833	77	human	human	ADJ
cjal-9190	833	78	resources	resource	NOUN
cjal-9190	833	79	and	and	CCONJ
cjal-9190	833	80	social	social	ADJ
cjal-9190	833	81	security	security	NOUN
cjal-9190	833	82	in	in	ADP
cjal-9190	833	83	its	its	PRON
cjal-9190	833	84	operation	operation	NOUN
cjal-9190	833	85	and	and	CCONJ
cjal-9190	833	86	investment	investment	NOUN
cjal-9190	833	87	of	of	ADP
cjal-9190	833	88	the	the	DET
cjal-9190	833	89	ssf	ssf	NOUN
cjal-9190	833	90	.	.	PUNCT
cjal-9190	834	1	nov	nov	PROPN
cjal-9190	834	2	.	.	PROPN
cjal-9190	834	3	2016	2016	NUM
cjal-9190	834	4	the	the	DET
cjal-9190	834	5	state	state	NOUN
cjal-9190	834	6	announced	announce	VERB
cjal-9190	834	7	the	the	DET
cjal-9190	834	8	four	four	NUM
cjal-9190	834	9	custodians	custodian	NOUN
cjal-9190	834	10	of	of	ADP
cjal-9190	834	11	the	the	DET
cjal-9190	834	12	pension	pension	NOUN
cjal-9190	834	13	funds	fund	NOUN
cjal-9190	834	14	,	,	PUNCT
cjal-9190	834	15	namely	namely	ADV
cjal-9190	834	16	,	,	PUNCT
cjal-9190	834	17	the	the	DET
cjal-9190	834	18	industrial	industrial	ADJ
cjal-9190	834	19	and	and	CCONJ
cjal-9190	834	20	commercial	commercial	ADJ
cjal-9190	834	21	bank	bank	PROPN
cjal-9190	834	22	of	of	ADP
cjal-9190	834	23	china	china	PROPN
cjal-9190	834	24	,	,	PUNCT
cjal-9190	834	25	the	the	DET
cjal-9190	834	26	bank	bank	NOUN
cjal-9190	834	27	of	of	ADP
cjal-9190	834	28	china	china	PROPN
cjal-9190	834	29	,	,	PUNCT
cjal-9190	834	30	the	the	DET
cjal-9190	834	31	bank	bank	NOUN
cjal-9190	834	32	of	of	ADP
cjal-9190	834	33	communications	communication	NOUN
cjal-9190	834	34	,	,	PUNCT
cjal-9190	834	35	and	and	CCONJ
cjal-9190	834	36	the	the	DET
cjal-9190	834	37	china	china	PROPN
cjal-9190	834	38	merchants	merchants	PROPN
cjal-9190	834	39	bank	bank	PROPN
cjal-9190	834	40	.	.	PUNCT
cjal-9190	835	1	insurance	insurance	NOUN
cjal-9190	835	2	fund	fund	PROPN
cjal-9190	835	3	1	1	NUM
cjal-9190	835	4	oct	oct	PROPN
cjal-9190	835	5	.	.	PROPN
cjal-9190	835	6	2009	2009	NUM
cjal-9190	835	7	the	the	DET
cjal-9190	835	8	revised	revise	VERB
cjal-9190	835	9	insurance	insurance	NOUN
cjal-9190	835	10	law	law	NOUN
cjal-9190	835	11	of	of	ADP
cjal-9190	835	12	the	the	DET
cjal-9190	835	13	people	people	NOUN
cjal-9190	835	14	's	's	PART
cjal-9190	835	15	republic	republic	NOUN
cjal-9190	835	16	of	of	ADP
cjal-9190	835	17	china	china	PROPN
cjal-9190	835	18	came	come	VERB
cjal-9190	835	19	into	into	ADP
cjal-9190	835	20	force	force	NOUN
cjal-9190	835	21	.	.	PUNCT
cjal-9190	836	1	the	the	DET
cjal-9190	836	2	revised	revise	VERB
cjal-9190	836	3	insurance	insurance	NOUN
cjal-9190	836	4	law	law	NOUN
cjal-9190	836	5	significantly	significantly	ADV
cjal-9190	836	6	expanded	expand	VERB
cjal-9190	836	7	the	the	DET
cjal-9190	836	8	scope	scope	NOUN
cjal-9190	836	9	of	of	ADP
cjal-9190	836	10	investments	investment	NOUN
cjal-9190	836	11	permitted	permit	VERB
cjal-9190	836	12	for	for	ADP
cjal-9190	836	13	insurance	insurance	NOUN
cjal-9190	836	14	companies	company	NOUN
cjal-9190	836	15	in	in	ADP
cjal-9190	836	16	china	china	PROPN
cjal-9190	836	17	.	.	PUNCT
cjal-9190	837	1	30	30	NUM
cjal-9190	837	2	july	july	PROPN
cjal-9190	837	3	2010	2010	NUM
cjal-9190	837	4	the	the	DET
cjal-9190	837	5	circ	circ	NOUN
cjal-9190	837	6	promulgated	promulgate	VERB
cjal-9190	837	7	the	the	DET
cjal-9190	837	8	“	"	PUNCT
cjal-9190	837	9	temporary	temporary	ADJ
cjal-9190	837	10	measures	measure	NOUN
cjal-9190	837	11	for	for	ADP
cjal-9190	837	12	the	the	DET
cjal-9190	837	13	administration	administration	NOUN
cjal-9190	837	14	of	of	ADP
cjal-9190	837	15	the	the	DET
cjal-9190	837	16	utilization	utilization	NOUN
cjal-9190	837	17	of	of	ADP
cjal-9190	837	18	insurance	insurance	NOUN
cjal-9190	837	19	funds	fund	NOUN
cjal-9190	837	20	”	"	PUNCT
cjal-9190	837	21	(	(	PUNCT
cjal-9190	837	22	保险资金运用管理	保险资金运用管理	NOUN
cjal-9190	837	23	暂行办法	暂行办法	PROPN
cjal-9190	837	24	)	)	PUNCT
cjal-9190	837	25	.	.	PUNCT
cjal-9190	838	1	provided	provide	VERB
cjal-9190	838	2	guidance	guidance	NOUN
cjal-9190	838	3	for	for	ADP
cjal-9190	838	4	using	use	VERB
cjal-9190	838	5	insurance	insurance	NOUN
cjal-9190	838	6	funds	fund	NOUN
cjal-9190	838	7	.	.	PUNCT
cjal-9190	839	1	5	5	NUM
cjal-9190	839	2	sept	sept	PROPN
cjal-9190	839	3	.	.	PROPN
cjal-9190	839	4	2010	2010	NUM
cjal-9190	839	5	the	the	DET
cjal-9190	839	6	circ	circ	NOUN
cjal-9190	839	7	issued	issue	VERB
cjal-9190	839	8	“	"	PUNCT
cjal-9190	839	9	interim	interim	ADJ
cjal-9190	839	10	measures	measure	NOUN
cjal-9190	839	11	for	for	ADP
cjal-9190	839	12	equity	equity	NOUN
cjal-9190	839	13	investment	investment	NOUN
cjal-9190	839	14	with	with	ADP
cjal-9190	839	15	insurance	insurance	NOUN
cjal-9190	839	16	funds	fund	NOUN
cjal-9190	839	17	”	"	PUNCT
cjal-9190	839	18	(	(	PUNCT
cjal-9190	839	19	保险资金投资股	保险资金投资股	NOUN
cjal-9190	839	20	权暂行办法	权暂行办法	ADJ
cjal-9190	839	21	)	)	PUNCT
cjal-9190	839	22	.	.	PUNCT
cjal-9190	840	1	insurance	insurance	NOUN
cjal-9190	840	2	funds	fund	NOUN
cjal-9190	840	3	were	be	AUX
cjal-9190	840	4	allowed	allow	VERB
cjal-9190	840	5	to	to	PART
cjal-9190	840	6	make	make	VERB
cjal-9190	840	7	equity	equity	NOUN
cjal-9190	840	8	investments	investment	NOUN
cjal-9190	840	9	.	.	PUNCT
cjal-9190	841	1	140	140	NUM
cjal-9190	841	2	institutional	institutional	ADJ
cjal-9190	841	3	investors	investor	NOUN
cjal-9190	841	4	in	in	ADP
cjal-9190	841	5	china	china	PROPN
cjal-9190	841	6	[	[	X
cjal-9190	841	7	vol	vol	NOUN
cjal-9190	841	8	.	.	PUNCT
cjal-9190	841	9	35	35	NUM
cjal-9190	841	10	:	:	SYM
cjal-9190	841	11	74	74	NUM
cjal-9190	841	12	dates	date	VERB
cjal-9190	841	13	law	law	NOUN
cjal-9190	841	14	/	/	SYM
cjal-9190	841	15	policy	policy	NOUN
cjal-9190	841	16	implications	implication	NOUN
cjal-9190	841	17	and	and	CCONJ
cjal-9190	841	18	significance	significance	NOUN
cjal-9190	841	19	19	19	NUM
cjal-9190	841	20	feb	feb	NOUN
cjal-9190	841	21	.	.	PROPN
cjal-9190	841	22	2014	2014	NUM
cjal-9190	842	1	the	the	DET
cjal-9190	842	2	notice	notice	NOUN
cjal-9190	842	3	of	of	ADP
cjal-9190	842	4	the	the	DET
cjal-9190	842	5	china	china	PROPN
cjal-9190	842	6	insurance	insurance	PROPN
cjal-9190	842	7	regulatory	regulatory	ADJ
cjal-9190	842	8	commission	commission	NOUN
cjal-9190	842	9	on	on	ADP
cjal-9190	842	10	strengthening	strengthen	VERB
cjal-9190	842	11	and	and	CCONJ
cjal-9190	842	12	improving	improve	VERB
cjal-9190	842	13	the	the	DET
cjal-9190	842	14	proportional	proportional	ADJ
cjal-9190	842	15	regulation	regulation	NOUN
cjal-9190	842	16	of	of	ADP
cjal-9190	842	17	the	the	DET
cjal-9190	842	18	utilization	utilization	NOUN
cjal-9190	842	19	of	of	ADP
cjal-9190	842	20	insurance	insurance	NOUN
cjal-9190	842	21	funds	fund	NOUN
cjal-9190	842	22	(	(	PUNCT
cjal-9190	842	23	关于加	关于加	PROPN
cjal-9190	842	24	强和改进保险资金运用比	强和改进保险资金运用比	NOUN
cjal-9190	842	25	例监管的通知	例监管的通知	ADV
cjal-9190	842	26	)	)	PUNCT
cjal-9190	842	27	was	be	AUX
cjal-9190	842	28	issued	issue	VERB
cjal-9190	842	29	by	by	ADP
cjal-9190	842	30	circ	circ	PROPN
cjal-9190	842	31	.	.	PUNCT
cjal-9190	843	1	the	the	DET
cjal-9190	843	2	notice	notice	NOUN
cjal-9190	843	3	raised	raise	VERB
cjal-9190	843	4	the	the	DET
cjal-9190	843	5	limit	limit	NOUN
cjal-9190	843	6	of	of	ADP
cjal-9190	843	7	the	the	DET
cjal-9190	843	8	proportion	proportion	NOUN
cjal-9190	843	9	of	of	ADP
cjal-9190	843	10	the	the	DET
cjal-9190	843	11	assets	asset	NOUN
cjal-9190	843	12	of	of	ADP
cjal-9190	843	13	insurance	insurance	NOUN
cjal-9190	843	14	funds	fund	NOUN
cjal-9190	843	15	invested	invest	VERB
cjal-9190	843	16	in	in	ADP
cjal-9190	843	17	equity	equity	NOUN
cjal-9190	843	18	assets	asset	NOUN
cjal-9190	843	19	from	from	ADP
cjal-9190	843	20	25	25	NUM
cjal-9190	843	21	%	%	NOUN
cjal-9190	843	22	to	to	PART
cjal-9190	843	23	30	30	NUM
cjal-9190	843	24	%	%	NOUN
cjal-9190	843	25	.	.	PUNCT
cjal-9190	844	1	this	this	DET
cjal-9190	844	2	amendment	amendment	NOUN
cjal-9190	844	3	allowed	allow	VERB
cjal-9190	844	4	insurance	insurance	NOUN
cjal-9190	844	5	funds	fund	NOUN
cjal-9190	844	6	to	to	PART
cjal-9190	844	7	invest	invest	VERB
cjal-9190	844	8	more	more	ADJ
cjal-9190	844	9	in	in	ADP
cjal-9190	844	10	the	the	DET
cjal-9190	844	11	securities	security	NOUN
cjal-9190	844	12	market	market	NOUN
cjal-9190	844	13	to	to	PART
cjal-9190	844	14	maximize	maximize	VERB
cjal-9190	844	15	their	their	PRON
cjal-9190	844	16	profits	profit	NOUN
cjal-9190	844	17	.	.	PUNCT
cjal-9190	845	1	by	by	ADP
cjal-9190	845	2	the	the	DET
cjal-9190	845	3	end	end	NOUN
cjal-9190	845	4	of	of	ADP
cjal-9190	845	5	2019	2019	NUM
cjal-9190	845	6	,	,	PUNCT
cjal-9190	845	7	the	the	DET
cjal-9190	845	8	outstanding	outstanding	ADJ
cjal-9190	845	9	balance	balance	NOUN
cjal-9190	845	10	of	of	ADP
cjal-9190	845	11	insurance	insurance	NOUN
cjal-9190	845	12	funds	fund	NOUN
cjal-9190	845	13	had	have	AUX
cjal-9190	845	14	reached	reach	VERB
cjal-9190	845	15	rmb18.5	rmb18.5	PROPN
cjal-9190	845	16	trillion	trillion	NUM
cjal-9190	845	17	,	,	PUNCT
cjal-9190	845	18	13.15	13.15	NUM
cjal-9190	845	19	%	%	NOUN
cjal-9190	845	20	of	of	ADP
cjal-9190	845	21	which	which	PRON
cjal-9190	845	22	was	be	AUX
cjal-9190	845	23	invested	invest	VERB
cjal-9190	845	24	in	in	ADP
cjal-9190	845	25	stocks	stock	NOUN
cjal-9190	845	26	and	and	CCONJ
cjal-9190	845	27	funds.212	funds.212	NUM
cjal-9190	845	28	27	27	NUM
cjal-9190	845	29	jan	jan	PROPN
cjal-9190	845	30	.	.	PROPN
cjal-9190	845	31	2018	2018	NUM
cjal-9190	845	32	the	the	DET
cjal-9190	845	33	measures	measure	NOUN
cjal-9190	845	34	for	for	ADP
cjal-9190	845	35	the	the	DET
cjal-9190	845	36	administration	administration	NOUN
cjal-9190	845	37	of	of	ADP
cjal-9190	845	38	the	the	DET
cjal-9190	845	39	utilization	utilization	NOUN
cjal-9190	845	40	of	of	ADP
cjal-9190	845	41	insurance	insurance	NOUN
cjal-9190	845	42	funds	fund	NOUN
cjal-9190	845	43	(	(	PUNCT
cjal-9190	845	44	保险资金运用管理	保险资金运用管理	NOUN
cjal-9190	845	45	办法	办法	PROPN
cjal-9190	845	46	)	)	PUNCT
cjal-9190	845	47	was	be	AUX
cjal-9190	845	48	issued	issue	VERB
cjal-9190	845	49	by	by	ADP
cjal-9190	845	50	circ	circ	PROPN
cjal-9190	845	51	.	.	PUNCT
cjal-9190	846	1	these	these	DET
cjal-9190	846	2	measures	measure	NOUN
cjal-9190	846	3	expanded	expand	VERB
cjal-9190	846	4	the	the	DET
cjal-9190	846	5	scope	scope	NOUN
cjal-9190	846	6	of	of	ADP
cjal-9190	846	7	investment	investment	NOUN
cjal-9190	846	8	by	by	ADP
cjal-9190	846	9	insurance	insurance	NOUN
cjal-9190	846	10	funds	fund	NOUN
cjal-9190	846	11	,	,	PUNCT
cjal-9190	846	12	including	include	VERB
cjal-9190	846	13	investment	investment	NOUN
cjal-9190	846	14	into	into	ADP
cjal-9190	846	15	securitization	securitization	NOUN
cjal-9190	846	16	products	product	NOUN
cjal-9190	846	17	,	,	PUNCT
cjal-9190	846	18	setting	set	VERB
cjal-9190	846	19	up	up	ADP
cjal-9190	846	20	private	private	ADJ
cjal-9190	846	21	funds	fund	NOUN
cjal-9190	846	22	by	by	ADP
cjal-9190	846	23	insurance	insurance	NOUN
cjal-9190	846	24	asset	asset	NOUN
cjal-9190	846	25	management	management	NOUN
cjal-9190	846	26	firms	firm	NOUN
cjal-9190	846	27	,	,	PUNCT
cjal-9190	846	28	investment	investment	NOUN
cjal-9190	846	29	into	into	ADP
cjal-9190	846	30	the	the	DET
cjal-9190	846	31	venture	venture	NOUN
cjal-9190	846	32	capital	capital	NOUN
cjal-9190	846	33	sector	sector	NOUN
cjal-9190	846	34	.	.	PUNCT
cjal-9190	847	1	foreign	foreign	ADJ
cjal-9190	847	2	institutional	institutional	ADJ
cjal-9190	847	3	investors	investor	NOUN
cjal-9190	847	4	5	5	NUM
cjal-9190	847	5	nov	nov	PROPN
cjal-9190	847	6	.	.	PROPN
cjal-9190	847	7	2002	2002	NUM
cjal-9190	847	8	the	the	DET
cjal-9190	847	9	interim	interim	ADJ
cjal-9190	847	10	measures	measure	NOUN
cjal-9190	847	11	on	on	ADP
cjal-9190	847	12	the	the	DET
cjal-9190	847	13	administration	administration	NOUN
cjal-9190	847	14	of	of	ADP
cjal-9190	847	15	domestic	domestic	ADJ
cjal-9190	847	16	securities	security	NOUN
cjal-9190	847	17	investment	investment	NOUN
cjal-9190	847	18	by	by	ADP
cjal-9190	847	19	qualified	qualified	ADJ
cjal-9190	847	20	foreign	foreign	ADJ
cjal-9190	847	21	institutional	institutional	ADJ
cjal-9190	847	22	investors	investor	NOUN
cjal-9190	847	23	(	(	PUNCT
cjal-9190	847	24	合格	合格	ADV
cjal-9190	847	25	境外机构投资者境内证券	境外机构投资者境内证券	ADJ
cjal-9190	847	26	投资管理暂行办法	投资管理暂行办法	PROPN
cjal-9190	847	27	)	)	PUNCT
cjal-9190	847	28	were	be	AUX
cjal-9190	847	29	promulgated	promulgate	VERB
cjal-9190	847	30	by	by	ADP
cjal-9190	847	31	csrc	csrc	NOUN
cjal-9190	847	32	and	and	CCONJ
cjal-9190	847	33	pboc	pboc	NOUN
cjal-9190	847	34	.	.	PUNCT
cjal-9190	848	1	foreign	foreign	ADJ
cjal-9190	848	2	investors	investor	NOUN
cjal-9190	848	3	must	must	AUX
cjal-9190	848	4	comply	comply	VERB
cjal-9190	848	5	with	with	ADP
cjal-9190	848	6	this	this	DET
cjal-9190	848	7	measure	measure	NOUN
cjal-9190	848	8	in	in	ADP
cjal-9190	848	9	order	order	NOUN
cjal-9190	848	10	to	to	PART
cjal-9190	848	11	make	make	VERB
cjal-9190	848	12	investment	investment	NOUN
cjal-9190	848	13	in	in	ADP
cjal-9190	848	14	china	china	PROPN
cjal-9190	848	15	’s	’s	PART
cjal-9190	848	16	securities	security	NOUN
cjal-9190	848	17	market	market	NOUN
cjal-9190	848	18	.	.	PUNCT
cjal-9190	849	1	4	4	NUM
cjal-9190	849	2	may	may	PROPN
cjal-9190	849	3	2011	2011	NUM
cjal-9190	849	4	guidelines	guideline	NOUN
cjal-9190	849	5	on	on	ADP
cjal-9190	849	6	the	the	DET
cjal-9190	849	7	participation	participation	NOUN
cjal-9190	849	8	of	of	ADP
cjal-9190	849	9	qualified	qualified	ADJ
cjal-9190	849	10	foreign	foreign	ADJ
cjal-9190	849	11	institutional	institutional	ADJ
cjal-9190	849	12	investors	investor	NOUN
cjal-9190	849	13	in	in	ADP
cjal-9190	849	14	stock	stock	NOUN
cjal-9190	849	15	index	index	NOUN
cjal-9190	849	16	futures	future	NOUN
cjal-9190	849	17	trading	trading	NOUN
cjal-9190	849	18	(	(	PUNCT
cjal-9190	849	19	合格境外	合格境外	PROPN
cjal-9190	849	20	机构投资者参与股指期货	机构投资者参与股指期货	PROPN
cjal-9190	849	21	交易指引	交易指引	PROPN
cjal-9190	849	22	)	)	PUNCT
cjal-9190	849	23	were	be	AUX
cjal-9190	849	24	issued	issue	VERB
cjal-9190	849	25	by	by	ADP
cjal-9190	849	26	the	the	DET
cjal-9190	849	27	csrc	csrc	NOUN
cjal-9190	849	28	.	.	PUNCT
cjal-9190	850	1	qfiis	qfiis	NOUN
cjal-9190	850	2	participating	participate	VERB
cjal-9190	850	3	in	in	ADP
cjal-9190	850	4	stock	stock	NOUN
cjal-9190	850	5	index	index	NOUN
cjal-9190	850	6	futures	future	NOUN
cjal-9190	850	7	trading	trading	NOUN
cjal-9190	850	8	may	may	AUX
cjal-9190	850	9	only	only	ADV
cjal-9190	850	10	conduct	conduct	VERB
cjal-9190	850	11	hedging	hedging	NOUN
cjal-9190	850	12	transactions	transaction	NOUN
cjal-9190	850	13	pursuant	pursuant	ADJ
cjal-9190	850	14	to	to	ADP
cjal-9190	850	15	the	the	DET
cjal-9190	850	16	relevant	relevant	ADJ
cjal-9190	850	17	provisions	provision	NOUN
cjal-9190	850	18	of	of	ADP
cjal-9190	850	19	the	the	DET
cjal-9190	850	20	china	china	PROPN
cjal-9190	850	21	financial	financial	PROPN
cjal-9190	850	22	futures	futures	PROPN
cjal-9190	850	23	exchange	exchange	NOUN
cjal-9190	850	24	(	(	PUNCT
cjal-9190	850	25	cffe	cffe	ADJ
cjal-9190	850	26	)	)	PUNCT
cjal-9190	850	27	.	.	PUNCT
cjal-9190	851	1	in	in	ADP
cjal-9190	851	2	addition	addition	NOUN
cjal-9190	851	3	,	,	PUNCT
cjal-9190	851	4	both	both	CCONJ
cjal-9190	851	5	the	the	DET
cjal-9190	851	6	value	value	NOUN
cjal-9190	851	7	of	of	ADP
cjal-9190	851	8	stock	stock	NOUN
cjal-9190	851	9	index	index	NOUN
cjal-9190	851	10	futures	future	NOUN
cjal-9190	851	11	contracts	contract	NOUN
cjal-9190	851	12	held	hold	VERB
cjal-9190	851	13	by	by	ADP
cjal-9190	851	14	a	a	DET
cjal-9190	851	15	qfii	qfii	NOUN
cjal-9190	851	16	at	at	ADP
cjal-9190	851	17	the	the	DET
cjal-9190	851	18	end	end	NOUN
cjal-9190	851	19	of	of	ADP
cjal-9190	851	20	any	any	DET
cjal-9190	851	21	trading	trading	NOUN
cjal-9190	851	22	day	day	NOUN
cjal-9190	851	23	and	and	CCONJ
cjal-9190	851	24	the	the	DET
cjal-9190	851	25	trading	trading	NOUN
cjal-9190	851	26	amount	amount	NOUN
cjal-9190	851	27	of	of	ADP
cjal-9190	851	28	stock	stock	NOUN
cjal-9190	851	29	index	index	NOUN
cjal-9190	851	30	futures	future	NOUN
cjal-9190	851	31	(	(	PUNCT
cjal-9190	851	32	except	except	SCONJ
cjal-9190	851	33	closing	closing	NOUN
cjal-9190	851	34	positions	position	NOUN
cjal-9190	851	35	)	)	PUNCT
cjal-9190	851	36	of	of	ADP
cjal-9190	851	37	it	it	PRON
cjal-9190	851	38	during	during	ADP
cjal-9190	851	39	any	any	DET
cjal-9190	851	40	trading	trading	NOUN
cjal-9190	851	41	day	day	NOUN
cjal-9190	851	42	shall	shall	AUX
cjal-9190	851	43	not	not	PART
cjal-9190	851	44	exceed	exceed	VERB
cjal-9190	851	45	its	its	PRON
cjal-9190	851	46	investment	investment	NOUN
cjal-9190	851	47	quotas	quota	NOUN
cjal-9190	851	48	,	,	PUNCT
cjal-9190	851	49	thus	thus	ADV
cjal-9190	851	50	preventing	prevent	VERB
cjal-9190	851	51	shortselling	shortselling	NOUN
cjal-9190	851	52	.	.	PUNCT
cjal-9190	852	1	212	212	NUM
cjal-9190	852	2	cbirc	cbirc	NOUN
cjal-9190	852	3	,	,	PUNCT
cjal-9190	852	4	supra	supra	PROPN
cjal-9190	852	5	note	note	NOUN
cjal-9190	852	6	79	79	NUM
cjal-9190	852	7	.	.	PUNCT
cjal-9190	852	8	2022	2022	NUM
cjal-9190	852	9	]	]	PUNCT
cjal-9190	852	10	columbia	columbia	PROPN
cjal-9190	852	11	journal	journal	PROPN
cjal-9190	852	12	of	of	ADP
cjal-9190	852	13	asian	asian	ADJ
cjal-9190	852	14	law	law	NOUN
cjal-9190	852	15	141	141	NUM
cjal-9190	852	16	dates	date	NOUN
cjal-9190	852	17	law	law	NOUN
cjal-9190	852	18	/	/	SYM
cjal-9190	852	19	policy	policy	NOUN
cjal-9190	852	20	implications	implication	NOUN
cjal-9190	852	21	and	and	CCONJ
cjal-9190	852	22	significance	significance	NOUN
cjal-9190	852	23	10	10	NUM
cjal-9190	852	24	june	june	PROPN
cjal-9190	852	25	2018	2018	NUM
cjal-9190	852	26	the	the	DET
cjal-9190	852	27	provisions	provision	NOUN
cjal-9190	852	28	on	on	ADP
cjal-9190	852	29	the	the	DET
cjal-9190	852	30	foreign	foreign	PROPN
cjal-9190	852	31	exchange	exchange	PROPN
cjal-9190	852	32	administration	administration	NOUN
cjal-9190	852	33	of	of	ADP
cjal-9190	852	34	domestic	domestic	ADJ
cjal-9190	852	35	securities	security	NOUN
cjal-9190	852	36	investment	investment	NOUN
cjal-9190	852	37	by	by	ADP
cjal-9190	852	38	qualified	qualified	ADJ
cjal-9190	852	39	foreign	foreign	ADJ
cjal-9190	852	40	institutional	institutional	ADJ
cjal-9190	852	41	investors	investor	NOUN
cjal-9190	852	42	(	(	PUNCT
cjal-9190	852	43	合格	合格	ADV
cjal-9190	852	44	境外机构投资者境内证券	境外机构投资者境内证券	ADJ
cjal-9190	852	45	投资外汇管理规定	投资外汇管理规定	NOUN
cjal-9190	852	46	)	)	PUNCT
cjal-9190	852	47	were	be	AUX
cjal-9190	852	48	issued	issue	VERB
cjal-9190	852	49	by	by	ADP
cjal-9190	852	50	the	the	DET
cjal-9190	852	51	safe	safe	NOUN
cjal-9190	852	52	.	.	PUNCT
cjal-9190	853	1	the	the	DET
cjal-9190	853	2	state	state	NOUN
cjal-9190	853	3	shall	shall	AUX
cjal-9190	853	4	conduct	conduct	VERB
cjal-9190	853	5	quota	quota	NOUN
cjal-9190	853	6	management	management	NOUN
cjal-9190	853	7	of	of	ADP
cjal-9190	853	8	qfiis	qfiis	NOUN
cjal-9190	853	9	’	'	PUNCT
cjal-9190	853	10	domestic	domestic	ADJ
cjal-9190	853	11	securities	security	NOUN
cjal-9190	853	12	investment	investment	NOUN
cjal-9190	853	13	,	,	PUNCT
cjal-9190	853	14	and	and	CCONJ
cjal-9190	853	15	the	the	DET
cjal-9190	853	16	investment	investment	NOUN
cjal-9190	853	17	quota	quota	NOUN
cjal-9190	853	18	of	of	ADP
cjal-9190	853	19	a	a	DET
cjal-9190	853	20	single	single	ADJ
cjal-9190	853	21	qfii	qfii	NOUN
cjal-9190	853	22	shall	shall	AUX
cjal-9190	853	23	be	be	AUX
cjal-9190	853	24	subject	subject	ADJ
cjal-9190	853	25	to	to	ADP
cjal-9190	853	26	the	the	DET
cjal-9190	853	27	recording	recording	NOUN
cjal-9190	853	28	and	and	CCONJ
cjal-9190	853	29	approval	approval	NOUN
cjal-9190	853	30	by	by	ADP
cjal-9190	853	31	the	the	DET
cjal-9190	853	32	safe	safe	ADJ
cjal-9190	853	33	.	.	PUNCT
cjal-9190	854	1	qfiis	qfiis	PROPN
cjal-9190	854	2	may	may	AUX
cjal-9190	854	3	,	,	PUNCT
cjal-9190	854	4	after	after	ADP
cjal-9190	854	5	obtaining	obtain	VERB
cjal-9190	854	6	the	the	DET
cjal-9190	854	7	qualification	qualification	NOUN
cjal-9190	854	8	license	license	NOUN
cjal-9190	854	9	from	from	ADP
cjal-9190	854	10	the	the	DET
cjal-9190	854	11	csrc	csrc	NOUN
cjal-9190	854	12	,	,	PUNCT
cjal-9190	854	13	obtain	obtain	VERB
cjal-9190	854	14	an	an	DET
cjal-9190	854	15	investment	investment	NOUN
cjal-9190	854	16	quota	quota	NOUN
cjal-9190	854	17	of	of	ADP
cjal-9190	854	18	not	not	PART
cjal-9190	854	19	more	more	ADJ
cjal-9190	854	20	than	than	ADP
cjal-9190	854	21	a	a	DET
cjal-9190	854	22	certain	certain	ADJ
cjal-9190	854	23	proportion	proportion	NOUN
cjal-9190	854	24	(	(	PUNCT
cjal-9190	854	25	“	"	PUNCT
cjal-9190	854	26	basic	basic	ADJ
cjal-9190	854	27	quota	quota	NOUN
cjal-9190	854	28	”	"	PUNCT
cjal-9190	854	29	)	)	PUNCT
cjal-9190	854	30	of	of	ADP
cjal-9190	854	31	its	its	PRON
cjal-9190	854	32	asset	asset	NOUN
cjal-9190	854	33	size	size	NOUN
cjal-9190	854	34	or	or	CCONJ
cjal-9190	854	35	the	the	DET
cjal-9190	854	36	size	size	NOUN
cjal-9190	854	37	of	of	ADP
cjal-9190	854	38	securities	security	NOUN
cjal-9190	854	39	assets	asset	NOUN
cjal-9190	854	40	managed	manage	VERB
cjal-9190	854	41	by	by	ADP
cjal-9190	854	42	it	it	PRON
cjal-9190	854	43	(	(	PUNCT
cjal-9190	854	44	“	"	PUNCT
cjal-9190	854	45	asset	asset	NOUN
cjal-9190	854	46	size	size	NOUN
cjal-9190	854	47	”	"	PUNCT
cjal-9190	854	48	)	)	PUNCT
cjal-9190	854	49	.	.	PUNCT
cjal-9190	855	1	any	any	DET
cjal-9190	855	2	application	application	NOUN
cjal-9190	855	3	for	for	ADP
cjal-9190	855	4	an	an	DET
cjal-9190	855	5	investment	investment	NOUN
cjal-9190	855	6	quota	quota	NOUN
cjal-9190	855	7	beyond	beyond	ADP
cjal-9190	855	8	the	the	DET
cjal-9190	855	9	basic	basic	ADJ
cjal-9190	855	10	quota	quota	NOUN
cjal-9190	855	11	must	must	AUX
cjal-9190	855	12	be	be	AUX
cjal-9190	855	13	subject	subject	ADJ
cjal-9190	855	14	to	to	ADP
cjal-9190	855	15	approval	approval	NOUN
cjal-9190	855	16	by	by	ADP
cjal-9190	855	17	the	the	DET
cjal-9190	855	18	safe	safe	NOUN
cjal-9190	855	19	.	.	PUNCT
cjal-9190	856	1	the	the	DET
cjal-9190	856	2	investment	investment	NOUN
cjal-9190	856	3	quota	quota	NOUN
cjal-9190	856	4	of	of	ADP
cjal-9190	856	5	a	a	DET
cjal-9190	856	6	foreign	foreign	ADJ
cjal-9190	856	7	sovereign	sovereign	ADJ
cjal-9190	856	8	fund	fund	NOUN
cjal-9190	856	9	,	,	PUNCT
cjal-9190	856	10	central	central	ADJ
cjal-9190	856	11	bank	bank	NOUN
cjal-9190	856	12	,	,	PUNCT
cjal-9190	856	13	monetary	monetary	ADJ
cjal-9190	856	14	authority	authority	NOUN
cjal-9190	856	15	,	,	PUNCT
cjal-9190	856	16	or	or	CCONJ
cjal-9190	856	17	other	other	ADJ
cjal-9190	856	18	institution	institution	NOUN
cjal-9190	856	19	shall	shall	AUX
cjal-9190	856	20	not	not	PART
cjal-9190	856	21	be	be	AUX
cjal-9190	856	22	subject	subject	ADJ
cjal-9190	856	23	to	to	ADP
cjal-9190	856	24	the	the	DET
cjal-9190	856	25	restriction	restriction	NOUN
cjal-9190	856	26	of	of	ADP
cjal-9190	856	27	the	the	DET
cjal-9190	856	28	proportion	proportion	NOUN
cjal-9190	856	29	of	of	ADP
cjal-9190	856	30	asset	asset	NOUN
cjal-9190	856	31	size	size	NOUN
cjal-9190	856	32	,	,	PUNCT
cjal-9190	856	33	and	and	CCONJ
cjal-9190	856	34	such	such	ADJ
cjal-9190	856	35	institution	institution	NOUN
cjal-9190	856	36	may	may	AUX
cjal-9190	856	37	obtain	obtain	VERB
cjal-9190	856	38	a	a	DET
cjal-9190	856	39	corresponding	corresponding	ADJ
cjal-9190	856	40	investment	investment	NOUN
cjal-9190	856	41	quota	quota	NOUN
cjal-9190	856	42	based	base	VERB
cjal-9190	856	43	on	on	ADP
cjal-9190	856	44	its	its	PRON
cjal-9190	856	45	needs	need	NOUN
cjal-9190	856	46	for	for	ADP
cjal-9190	856	47	investment	investment	NOUN
cjal-9190	856	48	in	in	ADP
cjal-9190	856	49	the	the	DET
cjal-9190	856	50	domestic	domestic	ADJ
cjal-9190	856	51	securities	security	NOUN
cjal-9190	856	52	market	market	NOUN
cjal-9190	856	53	.	.	PUNCT
cjal-9190	857	1	the	the	DET
cjal-9190	857	2	standards	standard	NOUN
cjal-9190	857	3	for	for	ADP
cjal-9190	857	4	the	the	DET
cjal-9190	857	5	basic	basic	ADJ
cjal-9190	857	6	quota	quota	NOUN
cjal-9190	857	7	of	of	ADP
cjal-9190	857	8	a	a	DET
cjal-9190	857	9	qfii	qfii	NOUN
cjal-9190	857	10	are	be	AUX
cjal-9190	857	11	as	as	SCONJ
cjal-9190	857	12	follows	follow	VERB
cjal-9190	857	13	:	:	PUNCT
cjal-9190	857	14	(	(	PUNCT
cjal-9190	857	15	1	1	X
cjal-9190	857	16	)	)	PUNCT
cjal-9190	857	17	if	if	SCONJ
cjal-9190	857	18	the	the	DET
cjal-9190	857	19	assets	asset	NOUN
cjal-9190	857	20	of	of	ADP
cjal-9190	857	21	(	(	PUNCT
cjal-9190	857	22	or	or	CCONJ
cjal-9190	857	23	assets	asset	NOUN
cjal-9190	857	24	managed	manage	VERB
cjal-9190	857	25	by	by	ADP
cjal-9190	857	26	)	)	PUNCT
cjal-9190	857	27	a	a	DET
cjal-9190	857	28	qfii	qfii	NOUN
cjal-9190	857	29	or	or	CCONJ
cjal-9190	857	30	the	the	DET
cjal-9190	857	31	group	group	NOUN
cjal-9190	857	32	to	to	PART
cjal-9190	857	33	which	which	PRON
cjal-9190	857	34	it	it	PRON
cjal-9190	857	35	is	be	AUX
cjal-9190	857	36	affiliated	affiliate	VERB
cjal-9190	857	37	are	be	AUX
cjal-9190	857	38	mainly	mainly	ADV
cjal-9190	857	39	outside	outside	ADP
cjal-9190	857	40	china	china	PROPN
cjal-9190	857	41	,	,	PUNCT
cjal-9190	857	42	the	the	DET
cjal-9190	857	43	formula	formula	NOUN
cjal-9190	857	44	for	for	ADP
cjal-9190	857	45	calculating	calculate	VERB
cjal-9190	857	46	the	the	DET
cjal-9190	857	47	basic	basic	ADJ
cjal-9190	857	48	quota	quota	NOUN
cjal-9190	857	49	is	be	AUX
cjal-9190	857	50	:	:	PUNCT
cjal-9190	857	51	usd	usd	NOUN
cjal-9190	857	52	100	100	NUM
cjal-9190	857	53	million	million	NUM
cjal-9190	857	54	+	+	CCONJ
cjal-9190	857	55	average	average	ADJ
cjal-9190	857	56	asset	asset	NOUN
cjal-9190	857	57	size	size	NOUN
cjal-9190	857	58	in	in	ADP
cjal-9190	857	59	the	the	DET
cjal-9190	857	60	last	last	ADJ
cjal-9190	857	61	three	three	NUM
cjal-9190	857	62	years	year	NOUN
cjal-9190	857	63	*	*	SYM
cjal-9190	857	64	0.2	0.2	NUM
cjal-9190	857	65	%	%	NOUN
cjal-9190	857	66	obtained	obtain	VERB
cjal-9190	857	67	quota	quota	NOUN
cjal-9190	857	68	for	for	ADP
cjal-9190	857	69	rmb	rmb	PROPN
cjal-9190	857	70	qualified	qualified	ADJ
cjal-9190	857	71	foreign	foreign	ADJ
cjal-9190	857	72	institutional	institutional	ADJ
cjal-9190	857	73	investors	investor	NOUN
cjal-9190	857	74	(	(	PUNCT
cjal-9190	857	75	in	in	ADP
cjal-9190	857	76	usd	usd	NOUN
cjal-9190	857	77	,	,	PUNCT
cjal-9190	857	78	hereinafter	hereinafter	NOUN
cjal-9190	857	79	referred	refer	VERB
cjal-9190	857	80	to	to	ADP
cjal-9190	857	81	as	as	ADP
cjal-9190	857	82	the	the	DET
cjal-9190	857	83	“	"	PUNCT
cjal-9190	857	84	rqfii	rqfii	ADJ
cjal-9190	857	85	quota	quota	NOUN
cjal-9190	857	86	”	"	PUNCT
cjal-9190	857	87	)	)	PUNCT
cjal-9190	857	88	;	;	PUNCT
cjal-9190	857	89	(	(	PUNCT
cjal-9190	857	90	2	2	X
cjal-9190	857	91	)	)	PUNCT
cjal-9190	857	92	if	if	SCONJ
cjal-9190	857	93	the	the	DET
cjal-9190	857	94	assets	asset	NOUN
cjal-9190	857	95	of	of	ADP
cjal-9190	857	96	(	(	PUNCT
cjal-9190	857	97	or	or	CCONJ
cjal-9190	857	98	assets	asset	NOUN
cjal-9190	857	99	managed	manage	VERB
cjal-9190	857	100	by	by	ADP
cjal-9190	857	101	)	)	PUNCT
cjal-9190	857	102	a	a	DET
cjal-9190	857	103	qfii	qfii	NOUN
cjal-9190	857	104	or	or	CCONJ
cjal-9190	857	105	the	the	DET
cjal-9190	857	106	group	group	NOUN
cjal-9190	857	107	to	to	PART
cjal-9190	857	108	which	which	PRON
cjal-9190	857	109	it	it	PRON
cjal-9190	857	110	is	be	AUX
cjal-9190	857	111	affiliated	affiliate	VERB
cjal-9190	857	112	are	be	AUX
cjal-9190	857	113	mainly	mainly	ADV
cjal-9190	857	114	within	within	ADP
cjal-9190	857	115	china	china	PROPN
cjal-9190	857	116	,	,	PUNCT
cjal-9190	857	117	the	the	DET
cjal-9190	857	118	formula	formula	NOUN
cjal-9190	857	119	for	for	ADP
cjal-9190	857	120	calculating	calculate	VERB
cjal-9190	857	121	the	the	DET
cjal-9190	857	122	basic	basic	ADJ
cjal-9190	857	123	quota	quota	NOUN
cjal-9190	857	124	is	be	AUX
cjal-9190	857	125	:	:	PUNCT
cjal-9190	857	126	rmb	rmb	VERB
cjal-9190	857	127	five	five	NUM
cjal-9190	857	128	billion	billion	NUM
cjal-9190	857	129	or	or	CCONJ
cjal-9190	857	130	its	its	PRON
cjal-9190	857	131	equivalent	equivalent	ADJ
cjal-9190	857	132	+	+	CCONJ
cjal-9190	857	133	asset	asset	NOUN
cjal-9190	857	134	size	size	NOUN
cjal-9190	857	135	in	in	ADP
cjal-9190	857	136	the	the	DET
cjal-9190	857	137	last	last	ADJ
cjal-9190	857	138	year	year	NOUN
cjal-9190	857	139	*	*	PUNCT
cjal-9190	857	140	80	80	NUM
cjal-9190	857	141	%	%	NOUN
cjal-9190	857	142	—	—	PUNCT
cjal-9190	857	143	obtained	obtain	VERB
cjal-9190	857	144	rqfii	rqfii	ADJ
cjal-9190	857	145	quota	quota	NOUN
cjal-9190	857	146	(	(	PUNCT
cjal-9190	857	147	in	in	ADP
cjal-9190	857	148	usd	usd	NOUN
cjal-9190	857	149	)	)	PUNCT
cjal-9190	857	150	;	;	PUNCT
cjal-9190	857	151	(	(	PUNCT
cjal-9190	857	152	3	3	X
cjal-9190	857	153	)	)	PUNCT
cjal-9190	857	154	the	the	DET
cjal-9190	857	155	basic	basic	ADJ
cjal-9190	857	156	quota	quota	NOUN
cjal-9190	857	157	shall	shall	AUX
cjal-9190	857	158	not	not	PART
cjal-9190	857	159	exceed	exceed	VERB
cjal-9190	857	160	usd	usd	NOUN
cjal-9190	857	161	five	five	NUM
cjal-9190	857	162	billion	billion	NUM
cjal-9190	857	163	(	(	PUNCT
cjal-9190	857	164	including	include	VERB
cjal-9190	857	165	institutions	institution	NOUN
cjal-9190	857	166	such	such	ADJ
cjal-9190	857	167	as	as	ADP
cjal-9190	857	168	foreign	foreign	ADJ
cjal-9190	857	169	sovereign	sovereign	ADJ
cjal-9190	857	170	funds	fund	NOUN
cjal-9190	857	171	,	,	PUNCT
cjal-9190	857	172	central	central	ADJ
cjal-9190	857	173	banks	bank	NOUN
cjal-9190	857	174	,	,	PUNCT
cjal-9190	857	175	and	and	CCONJ
cjal-9190	857	176	monetary	monetary	ADJ
cjal-9190	857	177	authorities	authority	NOUN
cjal-9190	857	178	)	)	PUNCT
cjal-9190	857	179	;	;	PUNCT
cjal-9190	857	180	(	(	PUNCT
cjal-9190	857	181	4	4	X
cjal-9190	857	182	)	)	PUNCT
cjal-9190	857	183	the	the	DET
cjal-9190	857	184	basic	basic	ADJ
cjal-9190	857	185	quota	quota	NOUN
cjal-9190	857	186	shall	shall	AUX
cjal-9190	857	187	not	not	PART
cjal-9190	857	188	be	be	AUX
cjal-9190	857	189	less	less	ADJ
cjal-9190	857	190	than	than	ADP
cjal-9190	857	191	usd	usd	NOUN
cjal-9190	857	192	20	20	NUM
cjal-9190	857	193	million	million	NUM
cjal-9190	857	194	.	.	PUNCT
cjal-9190	858	1	10	10	NUM
cjal-9190	858	2	sept	sept	PROPN
cjal-9190	858	3	.	.	PROPN
cjal-9190	858	4	2019	2019	NUM
cjal-9190	858	5	the	the	DET
cjal-9190	858	6	safe	safe	ADJ
cjal-9190	858	7	announced	announce	VERB
cjal-9190	858	8	its	its	PRON
cjal-9190	858	9	decision	decision	NOUN
cjal-9190	858	10	to	to	PART
cjal-9190	858	11	abolish	abolish	VERB
cjal-9190	858	12	the	the	DET
cjal-9190	858	13	investment	investment	NOUN
cjal-9190	858	14	quota	quota	NOUN
cjal-9190	858	15	system	system	NOUN
cjal-9190	858	16	under	under	ADP
cjal-9190	858	17	the	the	DET
cjal-9190	858	18	qfii	qfii	ADJ
cjal-9190	858	19	and	and	CCONJ
cjal-9190	858	20	rqfii	rqfii	ADJ
cjal-9190	858	21	schemes	scheme	NOUN
cjal-9190	858	22	pursuant	pursuant	ADJ
cjal-9190	858	23	to	to	ADP
cjal-9190	858	24	the	the	DET
cjal-9190	858	25	approval	approval	NOUN
cjal-9190	858	26	of	of	ADP
cjal-9190	858	27	the	the	DET
cjal-9190	858	28	state	state	NOUN
cjal-9190	858	29	council	council	PROPN
cjal-9190	858	30	.	.	PUNCT
cjal-9190	859	1	moreover	moreover	ADV
cjal-9190	859	2	,	,	PUNCT
cjal-9190	859	3	the	the	DET
cjal-9190	859	4	restrictions	restriction	NOUN
cjal-9190	859	5	on	on	ADP
cjal-9190	859	6	the	the	DET
cjal-9190	859	7	pilot	pilot	NOUN
cjal-9190	859	8	countries	country	NOUN
cjal-9190	859	9	and	and	CCONJ
cjal-9190	859	10	regions	region	NOUN
cjal-9190	859	11	under	under	ADP
cjal-9190	859	12	the	the	DET
cjal-9190	859	13	rqfii	rqfii	ADJ
cjal-9190	859	14	scheme	scheme	NOUN
cjal-9190	859	15	were	be	AUX
cjal-9190	859	16	removed	remove	VERB
cjal-9190	859	17	.	.	PUNCT
cjal-9190	860	1	this	this	DET
cjal-9190	860	2	decision	decision	NOUN
cjal-9190	860	3	marked	mark	VERB
cjal-9190	860	4	a	a	DET
cjal-9190	860	5	major	major	ADJ
cjal-9190	860	6	step	step	NOUN
cjal-9190	860	7	taken	take	VERB
cjal-9190	860	8	by	by	ADP
cjal-9190	860	9	the	the	DET
cjal-9190	860	10	safe	safe	ADJ
cjal-9190	860	11	to	to	PART
cjal-9190	860	12	deepen	deepen	VERB
cjal-9190	860	13	the	the	DET
cjal-9190	860	14	reform	reform	NOUN
cjal-9190	860	15	and	and	CCONJ
cjal-9190	860	16	opening	opening	NOUN
cjal-9190	860	17	-	-	PUNCT
cjal-9190	860	18	up	up	NOUN
cjal-9190	860	19	of	of	ADP
cjal-9190	860	20	the	the	DET
cjal-9190	860	21	chinese	chinese	ADJ
cjal-9190	860	22	financial	financial	ADJ
cjal-9190	860	23	market	market	NOUN
cjal-9190	860	24	.	.	PUNCT
cjal-9190	861	1	142	142	NUM
cjal-9190	861	2	institutional	institutional	ADJ
cjal-9190	861	3	investors	investor	NOUN
cjal-9190	861	4	in	in	ADP
cjal-9190	861	5	china	china	PROPN
cjal-9190	861	6	[	[	X
cjal-9190	861	7	vol	vol	NOUN
cjal-9190	861	8	.	.	PUNCT
cjal-9190	861	9	35	35	NUM
cjal-9190	861	10	:	:	SYM
cjal-9190	861	11	74	74	NUM
cjal-9190	861	12	dates	date	VERB
cjal-9190	861	13	law	law	NOUN
cjal-9190	861	14	/	/	SYM
cjal-9190	861	15	policy	policy	NOUN
cjal-9190	861	16	implications	implication	NOUN
cjal-9190	861	17	and	and	CCONJ
cjal-9190	861	18	significance	significance	NOUN
cjal-9190	861	19	7	7	NUM
cjal-9190	861	20	may	may	NOUN
cjal-9190	861	21	2020	2020	NUM
cjal-9190	861	22	the	the	DET
cjal-9190	861	23	pboc	pboc	NOUN
cjal-9190	861	24	and	and	CCONJ
cjal-9190	861	25	the	the	DET
cjal-9190	861	26	safe	safe	ADJ
cjal-9190	861	27	issued	issue	VERB
cjal-9190	861	28	the	the	DET
cjal-9190	861	29	regulations	regulation	NOUN
cjal-9190	861	30	on	on	ADP
cjal-9190	861	31	funds	fund	NOUN
cjal-9190	861	32	of	of	ADP
cjal-9190	861	33	securities	security	NOUN
cjal-9190	861	34	and	and	CCONJ
cjal-9190	861	35	futures	future	NOUN
cjal-9190	861	36	investment	investment	NOUN
cjal-9190	861	37	by	by	ADP
cjal-9190	861	38	foreign	foreign	ADJ
cjal-9190	861	39	institutional	institutional	ADJ
cjal-9190	861	40	investors	investor	NOUN
cjal-9190	861	41	(	(	PUNCT
cjal-9190	861	42	境外机构投资者	境外机构投资者	VERB
cjal-9190	861	43	境内证券期货投资资金管	境内证券期货投资资金管	PROPN
cjal-9190	861	44	理规定	理规定	PROPN
cjal-9190	861	45	)	)	PUNCT
cjal-9190	861	46	.	.	PUNCT
cjal-9190	862	1	the	the	DET
cjal-9190	862	2	regulations	regulation	NOUN
cjal-9190	862	3	have	have	AUX
cjal-9190	862	4	clarified	clarify	VERB
cjal-9190	862	5	and	and	CCONJ
cjal-9190	862	6	simplified	simplify	VERB
cjal-9190	862	7	the	the	DET
cjal-9190	862	8	management	management	NOUN
cjal-9190	862	9	requirements	requirement	NOUN
cjal-9190	862	10	for	for	ADP
cjal-9190	862	11	qfiis	qfiis	NOUN
cjal-9190	862	12	’	'	PUNCT
cjal-9190	862	13	investments	investment	NOUN
cjal-9190	862	14	in	in	ADP
cjal-9190	862	15	securities	security	NOUN
cjal-9190	862	16	and	and	CCONJ
cjal-9190	862	17	futures	future	NOUN
cjal-9190	862	18	in	in	ADP
cjal-9190	862	19	china	china	PROPN
cjal-9190	862	20	,	,	PUNCT
cjal-9190	862	21	thus	thus	ADV
cjal-9190	862	22	facilitating	facilitate	VERB
cjal-9190	862	23	the	the	DET
cjal-9190	862	24	further	further	ADJ
cjal-9190	862	25	participation	participation	NOUN
cjal-9190	862	26	of	of	ADP
cjal-9190	862	27	foreign	foreign	ADJ
cjal-9190	862	28	investors	investor	NOUN
cjal-9190	862	29	in	in	ADP
cjal-9190	862	30	china	china	PROPN
cjal-9190	862	31	's	's	PART
cjal-9190	862	32	financial	financial	ADJ
cjal-9190	862	33	market	market	NOUN
cjal-9190	862	34	.	.	PUNCT
cjal-9190	863	1	the	the	DET
cjal-9190	863	2	key	key	ADJ
cjal-9190	863	3	points	point	NOUN
cjal-9190	863	4	of	of	ADP
cjal-9190	863	5	the	the	DET
cjal-9190	863	6	regulations	regulation	NOUN
cjal-9190	863	7	include	include	VERB
cjal-9190	863	8	:	:	PUNCT
cjal-9190	863	9	(	(	PUNCT
cjal-9190	863	10	1	1	X
cjal-9190	863	11	)	)	PUNCT
cjal-9190	863	12	restrictions	restriction	NOUN
cjal-9190	863	13	on	on	ADP
cjal-9190	863	14	investment	investment	NOUN
cjal-9190	863	15	quota	quota	NOUN
cjal-9190	863	16	of	of	ADP
cjal-9190	863	17	the	the	DET
cjal-9190	863	18	qfii	qfii	ADJ
cjal-9190	863	19	and	and	CCONJ
cjal-9190	863	20	rqfii	rqfii	NOUN
cjal-9190	863	21	have	have	AUX
cjal-9190	863	22	been	be	AUX
cjal-9190	863	23	scrapped	scrap	VERB
cjal-9190	863	24	and	and	CCONJ
cjal-9190	863	25	replaced	replace	VERB
cjal-9190	863	26	by	by	ADP
cjal-9190	863	27	registration	registration	NOUN
cjal-9190	863	28	-	-	PUNCT
cjal-9190	863	29	based	base	VERB
cjal-9190	863	30	rules	rule	NOUN
cjal-9190	863	31	for	for	ADP
cjal-9190	863	32	qfiis	qfiis	NOUN
cjal-9190	863	33	to	to	PART
cjal-9190	863	34	register	register	VERB
cjal-9190	863	35	their	their	PRON
cjal-9190	863	36	cross	cross	ADJ
cjal-9190	863	37	-	-	ADJ
cjal-9190	863	38	border	border	ADJ
cjal-9190	863	39	funds	fund	NOUN
cjal-9190	863	40	transfer	transfer	VERB
cjal-9190	863	41	and	and	CCONJ
cjal-9190	863	42	currency	currency	NOUN
cjal-9190	863	43	exchange	exchange	NOUN
cjal-9190	863	44	with	with	ADP
cjal-9190	863	45	the	the	DET
cjal-9190	863	46	safe	safe	ADJ
cjal-9190	863	47	;	;	PUNCT
cjal-9190	863	48	(	(	PUNCT
cjal-9190	863	49	2	2	X
cjal-9190	863	50	)	)	PUNCT
cjal-9190	863	51	integrated	integrate	VERB
cjal-9190	863	52	management	management	NOUN
cjal-9190	863	53	will	will	AUX
cjal-9190	863	54	be	be	AUX
cjal-9190	863	55	implemented	implement	VERB
cjal-9190	863	56	for	for	ADP
cjal-9190	863	57	both	both	CCONJ
cjal-9190	863	58	renminbi	renminbi	NOUN
cjal-9190	863	59	and	and	CCONJ
cjal-9190	863	60	foreign	foreign	ADJ
cjal-9190	863	61	currencies	currency	NOUN
cjal-9190	863	62	and	and	CCONJ
cjal-9190	863	63	qfiis	qfiis	NOUN
cjal-9190	863	64	are	be	AUX
cjal-9190	863	65	given	give	VERB
cjal-9190	863	66	the	the	DET
cjal-9190	863	67	freedom	freedom	NOUN
cjal-9190	863	68	to	to	PART
cjal-9190	863	69	choose	choose	VERB
cjal-9190	863	70	which	which	DET
cjal-9190	863	71	currency	currency	NOUN
cjal-9190	863	72	and	and	CCONJ
cjal-9190	863	73	when	when	SCONJ
cjal-9190	863	74	they	they	PRON
cjal-9190	863	75	remit	remit	VERB
cjal-9190	863	76	money	money	NOUN
cjal-9190	863	77	into	into	ADP
cjal-9190	863	78	the	the	DET
cjal-9190	863	79	country	country	NOUN
cjal-9190	863	80	;	;	PUNCT
cjal-9190	863	81	(	(	PUNCT
cjal-9190	863	82	3	3	X
cjal-9190	863	83	)	)	PUNCT
cjal-9190	863	84	the	the	DET
cjal-9190	863	85	procedures	procedure	NOUN
cjal-9190	863	86	for	for	ADP
cjal-9190	863	87	qfiis	qfiis	NOUN
cjal-9190	863	88	’	'	PUNCT
cjal-9190	863	89	outward	outward	ADJ
cjal-9190	863	90	remittance	remittance	NOUN
cjal-9190	863	91	have	have	AUX
cjal-9190	863	92	been	be	AUX
cjal-9190	863	93	significantly	significantly	ADV
cjal-9190	863	94	simplified	simplify	VERB
cjal-9190	863	95	as	as	SCONJ
cjal-9190	863	96	tax	tax	NOUN
cjal-9190	863	97	commitment	commitment	NOUN
cjal-9190	863	98	letters	letter	NOUN
cjal-9190	863	99	signed	sign	VERB
cjal-9190	863	100	by	by	ADP
cjal-9190	863	101	qfiis	qfiis	NOUN
cjal-9190	863	102	will	will	AUX
cjal-9190	863	103	replace	replace	VERB
cjal-9190	863	104	previously	previously	ADV
cjal-9190	863	105	required	require	VERB
cjal-9190	863	106	documents	document	NOUN
cjal-9190	863	107	including	include	VERB
cjal-9190	863	108	the	the	DET
cjal-9190	863	109	special	special	ADJ
cjal-9190	863	110	audit	audit	NOUN
cjal-9190	863	111	reports	report	NOUN
cjal-9190	863	112	on	on	ADP
cjal-9190	863	113	investment	investment	NOUN
cjal-9190	863	114	returns	return	NOUN
cjal-9190	863	115	and	and	CCONJ
cjal-9190	863	116	tax	tax	NOUN
cjal-9190	863	117	clearance	clearance	NOUN
cjal-9190	863	118	or	or	CCONJ
cjal-9190	863	119	tax	tax	NOUN
cjal-9190	863	120	filing	filing	NOUN
cjal-9190	863	121	certificates	certificate	NOUN
cjal-9190	863	122	issued	issue	VERB
cjal-9190	863	123	by	by	ADP
cjal-9190	863	124	chinese	chinese	ADJ
cjal-9190	863	125	certified	certify	VERB
cjal-9190	863	126	public	public	ADJ
cjal-9190	863	127	accountants	accountant	NOUN
cjal-9190	863	128	;	;	PUNCT
cjal-9190	863	129	(	(	PUNCT
cjal-9190	863	130	4	4	X
cjal-9190	863	131	)	)	PUNCT
cjal-9190	863	132	the	the	DET
cjal-9190	863	133	limit	limit	NOUN
cjal-9190	863	134	on	on	ADP
cjal-9190	863	135	the	the	DET
cjal-9190	863	136	number	number	NOUN
cjal-9190	863	137	of	of	ADP
cjal-9190	863	138	custodians	custodian	NOUN
cjal-9190	863	139	is	be	AUX
cjal-9190	863	140	lifted	lift	VERB
cjal-9190	863	141	,	,	PUNCT
cjal-9190	863	142	allowing	allow	VERB
cjal-9190	863	143	a	a	DET
cjal-9190	863	144	single	single	ADJ
cjal-9190	863	145	qfii	qfii	NOUN
cjal-9190	863	146	to	to	PART
cjal-9190	863	147	entrust	entrust	VERB
cjal-9190	863	148	multiple	multiple	ADJ
cjal-9190	863	149	domestic	domestic	ADJ
cjal-9190	863	150	custodians	custodian	NOUN
cjal-9190	863	151	and	and	CCONJ
cjal-9190	863	152	appoint	appoint	VERB
cjal-9190	863	153	one	one	NUM
cjal-9190	863	154	of	of	ADP
cjal-9190	863	155	them	they	PRON
cjal-9190	863	156	as	as	ADP
cjal-9190	863	157	the	the	DET
cjal-9190	863	158	main	main	ADJ
cjal-9190	863	159	custodian	custodian	NOUN
cjal-9190	863	160	;	;	PUNCT
cjal-9190	863	161	(	(	PUNCT
cjal-9190	863	162	5	5	X
cjal-9190	863	163	)	)	PUNCT
cjal-9190	863	164	foreign	foreign	ADJ
cjal-9190	863	165	exchange	exchange	NOUN
cjal-9190	863	166	risk	risk	NOUN
cjal-9190	863	167	and	and	CCONJ
cjal-9190	863	168	investment	investment	NOUN
cjal-9190	863	169	risk	risk	NOUN
cjal-9190	863	170	management	management	NOUN
cjal-9190	863	171	mechanism	mechanism	NOUN
cjal-9190	863	172	for	for	ADP
cjal-9190	863	173	qfiis	qfiis	NOUN
cjal-9190	863	174	’	'	PUNCT
cjal-9190	863	175	domestic	domestic	ADJ
cjal-9190	863	176	securities	security	NOUN
cjal-9190	863	177	investment	investment	NOUN
cjal-9190	863	178	will	will	AUX
cjal-9190	863	179	be	be	AUX
cjal-9190	863	180	further	far	ADV
cjal-9190	863	181	enhanced	enhance	VERB
cjal-9190	863	182	.	.	PUNCT
cjal-9190	864	1	2022	2022	NUM
cjal-9190	864	2	]	]	PUNCT
cjal-9190	864	3	columbia	columbia	PROPN
cjal-9190	864	4	journal	journal	PROPN
cjal-9190	864	5	of	of	ADP
cjal-9190	864	6	asian	asian	ADJ
cjal-9190	864	7	law	law	NOUN
cjal-9190	864	8	143	143	NUM
cjal-9190	864	9	appendix	appendix	NOUN
cjal-9190	864	10	2	2	NUM
cjal-9190	864	11	:	:	PUNCT
cjal-9190	864	12	representative	representative	ADJ
cjal-9190	864	13	activism	activism	NOUN
cjal-9190	864	14	cases	case	NOUN
cjal-9190	864	15	by	by	ADP
cjal-9190	864	16	institutional	institutional	ADJ
cjal-9190	864	17	investors	investor	NOUN
cjal-9190	864	18	in	in	ADP
cjal-9190	864	19	china	china	PROPN
cjal-9190	864	20	(	(	PUNCT
cjal-9190	864	21	1994	1994	NUM
cjal-9190	864	22	-	-	SYM
cjal-9190	864	23	present)213	present)213	NUM
cjal-9190	864	24	r	r	NOUN
cjal-9190	864	25	esult	esult	NOUN
cjal-9190	864	26	(	(	PUNCT
cjal-9190	864	27	w	w	NOUN
cjal-9190	864	28	h	h	NOUN
cjal-9190	864	29	ether	ether	VERB
cjal-9190	864	30	the	the	DET
cjal-9190	864	31	goal	goal	NOUN
cjal-9190	864	32	h	h	NOUN
cjal-9190	864	33	as	as	SCONJ
cjal-9190	864	34	b	b	PROPN
cjal-9190	864	35	een	een	PROPN
cjal-9190	864	36	ach	ach	PROPN
cjal-9190	864	37	ieved	ieve	VERB
cjal-9190	864	38	)	)	PUNCT
cjal-9190	864	39	t	t	PROPN
cjal-9190	864	40	ype	ype	NOUN
cjal-9190	864	41	of	of	ADP
cjal-9190	864	42	a	a	DET
cjal-9190	864	43	ctivists	ctivist	NOUN
cjal-9190	864	44	as	as	ADP
cjal-9190	864	45	of	of	ADP
cjal-9190	864	46	the	the	DET
cjal-9190	864	47	d	d	PROPN
cjal-9190	864	48	ay	ay	PROPN
cjal-9190	864	49	of	of	ADP
cjal-9190	864	50	th	th	X
cjal-9190	864	51	e	e	NOUN
cjal-9190	864	52	a	a	DET
cjal-9190	864	53	ctivism	ctivism	NOUN
cjal-9190	864	54	a	a	DET
cjal-9190	864	55	ctivism	ctivism	NOUN
cjal-9190	864	56	s	s	PART
cjal-9190	864	57	trategies	trategie	NOUN
cjal-9190	864	58	in	in	ADP
cjal-9190	864	59	stitutional	stitutional	ADJ
cjal-9190	864	60	investor	investor	NOUN
cjal-9190	864	61	g	g	PROPN
cjal-9190	864	62	oal	oal	PROPN
cjal-9190	864	63	t	t	PROPN
cjal-9190	864	64	ype	ype	PROPN
cjal-9190	864	65	of	of	ADP
cjal-9190	864	66	the	the	DET
cjal-9190	864	67	t	t	PROPN
cjal-9190	864	68	arget	arget	NOUN
cjal-9190	864	69	c	c	PROPN
cjal-9190	864	70	om	om	PROPN
cjal-9190	864	71	pan	pan	PROPN
cjal-9190	864	72	y	y	PROPN
cjal-9190	864	73	as	as	ADP
cjal-9190	864	74	of	of	ADP
cjal-9190	864	75	the	the	DET
cjal-9190	864	76	d	d	PROPN
cjal-9190	864	77	ay	ay	PROPN
cjal-9190	864	78	of	of	ADP
cjal-9190	864	79	th	th	X
cjal-9190	864	80	e	e	NOUN
cjal-9190	864	81	a	a	DET
cjal-9190	864	82	ctivism	ctivism	NOUN
cjal-9190	864	83	t	t	NOUN
cjal-9190	864	84	arget	arget	VERB
cjal-9190	864	85	c	c	PROPN
cjal-9190	864	86	om	om	PROPN
cjal-9190	864	87	p	p	PROPN
cjal-9190	864	88	any	any	DET
cjal-9190	864	89	y	y	PROPN
cjal-9190	864	90	ear	ear	NOUN
cjal-9190	865	1	n	n	CCONJ
cjal-9190	865	2	o.	o.	PROPN
cjal-9190	865	3	f	f	PROPN
cjal-9190	865	4	ailed	ail	VERB
cjal-9190	865	5	s	s	PROPN
cjal-9190	865	6	o	o	PROPN
cjal-9190	865	7	ii	ii	PROPN
cjal-9190	865	8	,	,	PUNCT
cjal-9190	865	9	s	s	PART
cjal-9190	865	10	ecurities	ecuritie	NOUN
cjal-9190	865	11	com	com	NOUN
cjal-9190	865	12	pany	pany	NOUN
cjal-9190	865	13	,	,	PUNCT
cjal-9190	865	14	f	f	PROPN
cjal-9190	865	15	ounded	ounde	VERB
cjal-9190	865	16	by	by	ADP
cjal-9190	865	17	5	5	NUM
cjal-9190	865	18	so	so	CCONJ
cjal-9190	865	19	e	e	NOUN
cjal-9190	865	20	s	s	PROPN
cjal-9190	865	21	in	in	ADP
cjal-9190	865	22	1992	1992	NUM
cjal-9190	865	23	,	,	PUNCT
cjal-9190	865	24	but	but	CCONJ
cjal-9190	865	25	the	the	DET
cjal-9190	865	26	proportion	proportion	NOUN
cjal-9190	865	27	of	of	ADP
cjal-9190	865	28	state	state	NOUN
cjal-9190	865	29	-	-	PUNCT
cjal-9190	865	30	ow	ow	PROPN
cjal-9190	865	31	ned	ned	PROPN
cjal-9190	865	32	shares	share	NOUN
cjal-9190	865	33	w	w	ADP
cjal-9190	865	34	as	as	ADP
cjal-9190	865	35	unknow	unknow	PROPN
cjal-9190	865	36	n.	n.	PROPN
cjal-9190	865	37	t	t	PROPN
cjal-9190	865	38	eam	eam	PROPN
cjal-9190	865	39	ing	ing	PROPN
cjal-9190	865	40	-	-	PUNCT
cjal-9190	865	41	up	up	NOUN
cjal-9190	865	42	w	w	PROPN
cjal-9190	865	43	ith	ith	PROPN
cjal-9190	865	44	other	other	ADJ
cjal-9190	865	45	institutional	institutional	ADJ
cjal-9190	865	46	investors	investor	NOUN
cjal-9190	865	47	inform	inform	VERB
cjal-9190	865	48	al	al	PROPN
cjal-9190	865	49	influence	influence	NOUN
cjal-9190	865	50	:	:	PUNCT
cjal-9190	865	51	held	hold	VERB
cjal-9190	865	52	a	a	DET
cjal-9190	865	53	press	press	NOUN
cjal-9190	865	54	conference	conference	NOUN
cjal-9190	865	55	to	to	PART
cjal-9190	865	56	ask	ask	VERB
cjal-9190	865	57	for	for	ADP
cjal-9190	865	58	a	a	DET
cjal-9190	865	59	governance	governance	NOUN
cjal-9190	865	60	change	change	NOUN
cjal-9190	865	61	through	through	ADP
cjal-9190	865	62	restructuring	restructure	VERB
cjal-9190	865	63	jun	jun	PROPN
cjal-9190	865	64	’	'	PUNCT
cjal-9190	865	65	an	an	DET
cjal-9190	865	66	s	s	NOUN
cjal-9190	865	67	ecurities	ecuritie	NOUN
cjal-9190	865	68	(	(	PUNCT
cjal-9190	865	69	now	now	ADV
cjal-9190	865	70	g	g	PROPN
cjal-9190	865	71	uotai	uotai	PROPN
cjal-9190	865	72	jun	jun	PROPN
cjal-9190	865	73	’	'	PUNCT
cjal-9190	865	74	an	an	DET
cjal-9190	865	75	securities	security	NOUN
cjal-9190	865	76	,	,	PUNCT
cjal-9190	865	77	国	国	PROPN
cjal-9190	865	78	泰	泰	PROPN
cjal-9190	865	79	君	君	ADP
cjal-9190	865	80	安	安	X
cjal-9190	865	81	证	证	INTJ
cjal-9190	865	82	券	券	X
cjal-9190	865	83	股	股	X
cjal-9190	865	84	份	份	X
cjal-9190	865	85	有	有	NUM
cjal-9190	865	86	限	限	PROPN
cjal-9190	865	87	公	公	PROPN
cjal-9190	865	88	司	司	PROPN
cjal-9190	865	89	)	)	PUNCT
cjal-9190	865	90	and	and	CCONJ
cjal-9190	865	91	others	other	NOUN
cjal-9190	865	92	c	c	VERB
cjal-9190	865	93	laim	laim	VERB
cjal-9190	865	94	ed	ed	NOUN
cjal-9190	866	1	that	that	SCONJ
cjal-9190	866	2	som	som	NOUN
cjal-9190	866	3	e	e	PROPN
cjal-9190	866	4	m	m	PROPN
cjal-9190	866	5	inority	inority	NOUN
cjal-9190	866	6	shareholders	shareholder	NOUN
cjal-9190	866	7	had	have	VERB
cjal-9190	866	8	team	team	NOUN
cjal-9190	866	9	ed	ed	NOUN
cjal-9190	866	10	up	up	ADP
cjal-9190	866	11	to	to	PART
cjal-9190	866	12	propose	propose	VERB
cjal-9190	866	13	a	a	DET
cjal-9190	866	14	restructuring	restructuring	NOUN
cjal-9190	866	15	of	of	ADP
cjal-9190	866	16	the	the	DET
cjal-9190	866	17	com	com	NOUN
cjal-9190	866	18	pany	pany	NOUN
cjal-9190	866	19	p	p	X
cjal-9190	866	20	o	o	NOUN
cjal-9190	866	21	e	e	X
cjal-9190	866	22	c	c	PROPN
cjal-9190	866	23	hina	hina	PROPN
cjal-9190	866	24	v	v	ADP
cjal-9190	866	25	anke	anke	PROPN
cjal-9190	866	26	c	c	PROPN
cjal-9190	866	27	o.	o.	PROPN
cjal-9190	866	28	,	,	PUNCT
cjal-9190	866	29	l	l	NOUN
cjal-9190	866	30	td	td	NOUN
cjal-9190	866	31	.	.	PUNCT
cjal-9190	867	1	万	万	AUX
cjal-9190	867	2	科	科	X
cjal-9190	867	3	企	企	X
cjal-9190	867	4	业	业	X
cjal-9190	867	5	股	股	X
cjal-9190	867	6	份	份	X
cjal-9190	867	7	有	有	NUM
cjal-9190	867	8	限	限	PROPN
cjal-9190	867	9	公	公	PROPN
cjal-9190	867	10	司	司	SYM
cjal-9190	867	11	1994	1994	NUM
cjal-9190	867	12	1	1	NUM
cjal-9190	867	13	s	s	PART
cjal-9190	867	14	ucceeded	ucceeded	ADJ
cjal-9190	867	15	(	(	PUNCT
cjal-9190	867	16	h	h	NOUN
cjal-9190	867	17	shares	share	NOUN
cjal-9190	867	18	w	w	PROPN
cjal-9190	867	19	ere	ere	PROPN
cjal-9190	867	20	issued	issue	VERB
cjal-9190	867	21	in	in	ADP
cjal-9190	867	22	2004	2004	NUM
cjal-9190	867	23	,	,	PUNCT
cjal-9190	867	24	after	after	ADP
cjal-9190	867	25	a	a	DET
cjal-9190	867	26	tw	tw	ADJ
cjal-9190	867	27	o	o	NOUN
cjal-9190	867	28	-	-	PUNCT
cjal-9190	867	29	year	year	NOUN
cjal-9190	867	30	delay	delay	NOUN
cjal-9190	867	31	)	)	PUNCT
cjal-9190	867	32	s	s	AUX
cjal-9190	867	33	o	o	PROPN
cjal-9190	867	34	ii	ii	PROPN
cjal-9190	867	35	,	,	PUNCT
cjal-9190	867	36	s	s	VERB
cjal-9190	867	37	if	if	SCONJ
cjal-9190	867	38	firm	firm	ADJ
cjal-9190	867	39	,	,	PUNCT
cjal-9190	867	40	state	state	PROPN
cjal-9190	867	41	c	c	PROPN
cjal-9190	867	42	ouncil	ouncil	PROPN
cjal-9190	867	43	,	,	PUNCT
cjal-9190	867	44	m	m	VERB
cjal-9190	867	45	o	o	NOUN
cjal-9190	868	1	f	f	X
cjal-9190	868	2	,	,	PUNCT
cjal-9190	868	3	sa	sa	PROPN
cjal-9190	868	4	s	s	PROPN
cjal-9190	868	5	a	a	DET
cjal-9190	868	6	c	c	NOUN
cjal-9190	868	7	and	and	CCONJ
cjal-9190	868	8	other	other	ADJ
cjal-9190	868	9	governm	governm	PROPN
cjal-9190	868	10	ent	ent	PROPN
cjal-9190	868	11	agencies	agency	NOUN
cjal-9190	868	12	indirectly	indirectly	ADV
cjal-9190	868	13	held	hold	VERB
cjal-9190	868	14	over	over	ADP
cjal-9190	868	15	50	50	NUM
cjal-9190	868	16	%	%	NOUN
cjal-9190	868	17	of	of	ADP
cjal-9190	868	18	the	the	DET
cjal-9190	868	19	shares	share	NOUN
cjal-9190	868	20	e	e	NOUN
cjal-9190	868	21	xercise	xercise	NOUN
cjal-9190	868	22	of	of	ADP
cjal-9190	868	23	voting	voting	NOUN
cjal-9190	868	24	rights	right	NOUN
cjal-9190	868	25	o	o	NOUN
cjal-9190	868	26	pposing	ppose	VERB
cjal-9190	868	27	shareholder	shareholder	NOUN
cjal-9190	868	28	proposal	proposal	NOUN
cjal-9190	868	29	to	to	PART
cjal-9190	868	30	prevent	prevent	VERB
cjal-9190	868	31	the	the	DET
cjal-9190	868	32	decrease	decrease	NOUN
cjal-9190	868	33	in	in	ADP
cjal-9190	868	34	share	share	NOUN
cjal-9190	868	35	price	price	NOUN
cjal-9190	868	36	d	d	PROPN
cjal-9190	868	37	acheng	acheng	PROPN
cjal-9190	868	38	f	f	PROPN
cjal-9190	868	39	und	und	PROPN
cjal-9190	868	40	m	m	PROPN
cjal-9190	868	41	anagem	anagem	PROPN
cjal-9190	868	42	ent	ent	PROPN
cjal-9190	868	43	大	大	PROPN
cjal-9190	868	44	成	成	PRON
cjal-9190	868	45	基	基	X
cjal-9190	868	46	金	金	X
cjal-9190	868	47	管	管	NOUN
cjal-9190	868	48	理	理	X
cjal-9190	868	49	有	有	NOUN
cjal-9190	868	50	限	限	PROPN
cjal-9190	868	51	公	公	PROPN
cjal-9190	868	52	司	司	NOUN
cjal-9190	868	53	and	and	CCONJ
cjal-9190	868	54	others	other	NOUN
cjal-9190	868	55	o	o	PROPN
cjal-9190	868	56	bjection	bjection	NOUN
cjal-9190	868	57	to	to	ADP
cjal-9190	868	58	the	the	DET
cjal-9190	868	59	issuance	issuance	NOUN
cjal-9190	868	60	of	of	ADP
cjal-9190	868	61	additional	additional	ADJ
cjal-9190	868	62	h	h	NOUN
cjal-9190	868	63	shares	share	NOUN
cjal-9190	868	64	p	p	NOUN
cjal-9190	868	65	o	o	X
cjal-9190	868	66	e	e	X
cjal-9190	868	67	z	z	NOUN
cjal-9190	868	68	t	t	PROPN
cjal-9190	868	69	e	e	X
cjal-9190	868	70	c	c	NOUN
cjal-9190	868	71	orporation	orporation	NOUN
cjal-9190	868	72	中	中	NOUN
cjal-9190	868	73	兴	兴	X
cjal-9190	868	74	通	通	X
cjal-9190	868	75	讯	讯	X
cjal-9190	868	76	股	股	X
cjal-9190	868	77	份	份	X
cjal-9190	868	78	有	有	NUM
cjal-9190	868	79	限	限	PROPN
cjal-9190	868	80	公	公	PROPN
cjal-9190	868	81	司	司	SYM
cjal-9190	868	82	2002	2002	NUM
cjal-9190	868	83	2	2	NUM
cjal-9190	868	84	213	213	NUM
cjal-9190	868	85	institutional	institutional	ADJ
cjal-9190	868	86	investors	investor	NOUN
cjal-9190	868	87	in	in	ADP
cjal-9190	868	88	appendix	appendix	ADJ
cjal-9190	868	89	2	2	NUM
cjal-9190	868	90	include	include	VERB
cjal-9190	868	91	general	general	ADJ
cjal-9190	868	92	legal	legal	ADJ
cjal-9190	868	93	persons	person	NOUN
cjal-9190	868	94	and	and	CCONJ
cjal-9190	868	95	non	non	ADJ
cjal-9190	868	96	-	-	ADJ
cjal-9190	868	97	legalperson	legalperson	ADJ
cjal-9190	868	98	enterprises	enterprise	NOUN
cjal-9190	868	99	,	,	PUNCT
cjal-9190	868	100	domestic	domestic	ADJ
cjal-9190	868	101	professional	professional	ADJ
cjal-9190	868	102	institutional	institutional	ADJ
cjal-9190	868	103	investors	investor	NOUN
cjal-9190	868	104	and	and	CCONJ
cjal-9190	868	105	foreign	foreign	ADJ
cjal-9190	868	106	institutional	institutional	ADJ
cjal-9190	868	107	investors	investor	NOUN
cjal-9190	868	108	,	,	PUNCT
cjal-9190	868	109	see	see	VERB
cjal-9190	868	110	supra	supra	PROPN
cjal-9190	868	111	chart	chart	PROPN
cjal-9190	868	112	3	3	NUM
cjal-9190	868	113	.	.	X
cjal-9190	868	114	144	144	NUM
cjal-9190	868	115	institutional	institutional	ADJ
cjal-9190	868	116	investors	investor	NOUN
cjal-9190	868	117	in	in	ADP
cjal-9190	868	118	china	china	PROPN
cjal-9190	868	119	[	[	X
cjal-9190	868	120	vol	vol	NOUN
cjal-9190	868	121	.	.	PUNCT
cjal-9190	869	1	35	35	NUM
cjal-9190	869	2	:	:	SYM
cjal-9190	869	3	74	74	NUM
cjal-9190	869	4	failed	fail	VERB
cjal-9190	869	5	so	so	SCONJ
cjal-9190	869	6	ii	ii	PROPN
cjal-9190	869	7	,	,	PUNCT
cjal-9190	869	8	s	s	VERB
cjal-9190	869	9	if	if	SCONJ
cjal-9190	869	10	firm	firm	ADJ
cjal-9190	869	11	,	,	PUNCT
cjal-9190	869	12	s	s	VERB
cjal-9190	869	13	a	a	DET
cjal-9190	869	14	s	s	NOUN
cjal-9190	869	15	a	a	DET
cjal-9190	869	16	c	c	NOUN
cjal-9190	869	17	of	of	ADP
cjal-9190	869	18	the	the	DET
cjal-9190	869	19	g	g	PROPN
cjal-9190	869	20	overnm	overnm	PROPN
cjal-9190	869	21	ent	ent	PROPN
cjal-9190	869	22	of	of	ADP
cjal-9190	869	23	b	b	PROPN
cjal-9190	869	24	eijing	eijing	NOUN
cjal-9190	869	25	c	c	NOUN
cjal-9190	869	26	ity	ity	PROPN
cjal-9190	869	27	,	,	PUNCT
cjal-9190	869	28	the	the	DET
cjal-9190	869	29	g	g	PROPN
cjal-9190	869	30	overnm	overnm	PROPN
cjal-9190	869	31	ent	ent	PROPN
cjal-9190	869	32	of	of	ADP
cjal-9190	869	33	b	b	PROPN
cjal-9190	869	34	eijing	eijing	NOUN
cjal-9190	869	35	c	c	NOUN
cjal-9190	869	36	ity	ity	NOUN
cjal-9190	869	37	,	,	PUNCT
cjal-9190	869	38	and	and	CCONJ
cjal-9190	869	39	sa	sa	PROPN
cjal-9190	869	40	sa	sa	PROPN
cjal-9190	869	41	c	c	PROPN
cjal-9190	869	42	of	of	ADP
cjal-9190	869	43	the	the	DET
cjal-9190	869	44	g	g	PROPN
cjal-9190	869	45	overnm	overnm	PROPN
cjal-9190	869	46	ent	ent	PROPN
cjal-9190	869	47	of	of	ADP
cjal-9190	869	48	c	c	PROPN
cjal-9190	869	49	hongqing	hongqe	VERB
cjal-9190	869	50	c	c	PROPN
cjal-9190	869	51	ity	ity	PROPN
cjal-9190	869	52	held	hold	VERB
cjal-9190	869	53	over	over	ADP
cjal-9190	869	54	50	50	NUM
cjal-9190	869	55	%	%	NOUN
cjal-9190	869	56	of	of	ADP
cjal-9190	869	57	the	the	DET
cjal-9190	869	58	shares	share	NOUN
cjal-9190	869	59	t	t	PROPN
cjal-9190	869	60	eam	eam	PROPN
cjal-9190	869	61	ing	ing	PROPN
cjal-9190	869	62	-	-	PUNCT
cjal-9190	869	63	up	up	NOUN
cjal-9190	869	64	w	w	PROPN
cjal-9190	869	65	ith	ith	PROPN
cjal-9190	869	66	other	other	ADJ
cjal-9190	869	67	institutional	institutional	ADJ
cjal-9190	869	68	investors	investor	NOUN
cjal-9190	869	69	o	o	X
cjal-9190	869	70	bject	bject	ADJ
cjal-9190	869	71	shareholder	shareholder	NOUN
cjal-9190	869	72	proposal	proposal	NOUN
cjal-9190	869	73	to	to	PART
cjal-9190	869	74	prevent	prevent	VERB
cjal-9190	869	75	the	the	DET
cjal-9190	869	76	decrease	decrease	NOUN
cjal-9190	869	77	in	in	ADP
cjal-9190	869	78	share	share	NOUN
cjal-9190	869	79	price	price	NOUN
cjal-9190	869	80	c	c	PROPN
cjal-9190	869	81	hina	hina	VERB
cjal-9190	869	82	a	a	DET
cjal-9190	869	83	sset	sset	NOUN
cjal-9190	869	84	m	m	NOUN
cjal-9190	869	85	anagem	anagem	PROPN
cjal-9190	869	86	ent	ent	PROPN
cjal-9190	869	87	c	c	PROPN
cjal-9190	869	88	o.	o.	PROPN
cjal-9190	869	89	,	,	PUNCT
cjal-9190	869	90	l	l	PROPN
cjal-9190	869	91	td	td	NOUN
cjal-9190	869	92	.	.	PUNCT
cjal-9190	870	1	华	华	AUX
cjal-9190	870	2	夏	夏	ADP
cjal-9190	870	3	基	基	PROPN
cjal-9190	870	4	金	金	X
cjal-9190	870	5	管	管	NOUN
cjal-9190	870	6	理	理	X
cjal-9190	870	7	有	有	NOUN
cjal-9190	870	8	限	限	PROPN
cjal-9190	870	9	公	公	PROPN
cjal-9190	870	10	司	司	NOUN
cjal-9190	870	11	and	and	CCONJ
cjal-9190	870	12	others	other	NOUN
cjal-9190	870	13	o	o	PROPN
cjal-9190	870	14	bjection	bjection	NOUN
cjal-9190	870	15	to	to	ADP
cjal-9190	870	16	the	the	DET
cjal-9190	870	17	issuance	issuance	NOUN
cjal-9190	870	18	of	of	ADP
cjal-9190	870	19	convertible	convertible	ADJ
cjal-9190	870	20	bonds	bond	NOUN
cjal-9190	870	21	po	po	X
cjal-9190	870	22	e	e	X
cjal-9190	870	23	(	(	PUNCT
cjal-9190	870	24	but	but	CCONJ
cjal-9190	870	25	the	the	DET
cjal-9190	870	26	state	state	NOUN
cjal-9190	870	27	held	hold	VERB
cjal-9190	870	28	over	over	ADP
cjal-9190	870	29	30	30	NUM
cjal-9190	870	30	%	%	NOUN
cjal-9190	870	31	of	of	ADP
cjal-9190	870	32	the	the	DET
cjal-9190	870	33	shares	share	NOUN
cjal-9190	870	34	)	)	PUNCT
cjal-9190	870	35	c	c	PROPN
cjal-9190	870	36	hina	hina	PROPN
cjal-9190	870	37	m	m	PROPN
cjal-9190	870	38	erchants	erchants	PROPN
cjal-9190	870	39	b	b	PROPN
cjal-9190	870	40	ank	ank	PROPN
cjal-9190	870	41	招	招	PROPN
cjal-9190	870	42	商	商	X
cjal-9190	870	43	银	银	NOUN
cjal-9190	870	44	行	行	X
cjal-9190	870	45	股	股	X
cjal-9190	870	46	份	份	X
cjal-9190	870	47	有	有	NUM
cjal-9190	870	48	限	限	PROPN
cjal-9190	870	49	公	公	PROPN
cjal-9190	870	50	司	司	SYM
cjal-9190	870	51	2003	2003	NUM
cjal-9190	870	52	3	3	NUM
cjal-9190	870	53	succeeded	succeed	VERB
cjal-9190	870	54	so	so	ADV
cjal-9190	870	55	ii	ii	PROPN
cjal-9190	870	56	,	,	PUNCT
cjal-9190	870	57	sif	sif	PROPN
cjal-9190	870	58	firm	firm	NOUN
cjal-9190	870	59	,	,	PUNCT
cjal-9190	870	60	s	s	VERB
cjal-9190	870	61	a	a	DET
cjal-9190	870	62	s	s	NOUN
cjal-9190	870	63	a	a	DET
cjal-9190	870	64	c	c	NOUN
cjal-9190	870	65	of	of	ADP
cjal-9190	870	66	the	the	DET
cjal-9190	870	67	g	g	PROPN
cjal-9190	870	68	overnm	overnm	PROPN
cjal-9190	870	69	ent	ent	PROPN
cjal-9190	870	70	of	of	ADP
cjal-9190	870	71	b	b	PROPN
cjal-9190	870	72	eijing	eijing	NOUN
cjal-9190	870	73	c	c	NOUN
cjal-9190	870	74	ity	ity	PROPN
cjal-9190	870	75	,	,	PUNCT
cjal-9190	870	76	the	the	DET
cjal-9190	870	77	g	g	PROPN
cjal-9190	870	78	overnm	overnm	PROPN
cjal-9190	870	79	ent	ent	PROPN
cjal-9190	870	80	of	of	ADP
cjal-9190	870	81	b	b	PROPN
cjal-9190	870	82	eijing	eijing	NOUN
cjal-9190	870	83	c	c	NOUN
cjal-9190	870	84	ity	ity	NOUN
cjal-9190	870	85	,	,	PUNCT
cjal-9190	870	86	and	and	CCONJ
cjal-9190	870	87	s	s	VERB
cjal-9190	870	88	a	a	DET
cjal-9190	870	89	sa	sa	NOUN
cjal-9190	870	90	c	c	NOUN
cjal-9190	870	91	of	of	ADP
cjal-9190	870	92	the	the	DET
cjal-9190	870	93	g	g	PROPN
cjal-9190	870	94	overnm	overnm	PROPN
cjal-9190	870	95	ent	ent	PROPN
cjal-9190	870	96	of	of	ADP
cjal-9190	870	97	c	c	PROPN
cjal-9190	870	98	hongqing	hongqe	VERB
cjal-9190	870	99	c	c	PROPN
cjal-9190	870	100	ity	ity	PROPN
cjal-9190	870	101	held	hold	VERB
cjal-9190	870	102	over	over	ADP
cjal-9190	870	103	50	50	NUM
cjal-9190	870	104	%	%	NOUN
cjal-9190	870	105	of	of	ADP
cjal-9190	870	106	the	the	DET
cjal-9190	870	107	shares	share	NOUN
cjal-9190	870	108	(	(	PUNCT
cjal-9190	870	109	c	c	NOUN
cjal-9190	870	110	hina	hina	VERB
cjal-9190	870	111	a	a	DET
cjal-9190	870	112	sset	sset	ADJ
cjal-9190	870	113	m	m	NOUN
cjal-9190	870	114	anagem	anagem	PROPN
cjal-9190	870	115	ent	ent	PROPN
cjal-9190	870	116	)	)	PUNCT
cjal-9190	870	117	po	po	PROPN
cjal-9190	870	118	ii	ii	PROPN
cjal-9190	870	119	,	,	PUNCT
cjal-9190	870	120	s	s	VERB
cjal-9190	870	121	if	if	SCONJ
cjal-9190	870	122	firm	firm	ADJ
cjal-9190	870	123	(	(	PUNCT
cjal-9190	870	124	b	b	PROPN
cjal-9190	870	125	oshi	oshi	PROPN
cjal-9190	870	126	)	)	PUNCT
cjal-9190	870	127	t	t	PROPN
cjal-9190	870	128	eam	eam	PROPN
cjal-9190	870	129	ing	ing	PROPN
cjal-9190	870	130	-	-	PUNCT
cjal-9190	870	131	up	up	NOUN
cjal-9190	870	132	w	w	PROPN
cjal-9190	870	133	ith	ith	PROPN
cjal-9190	870	134	other	other	ADJ
cjal-9190	870	135	institutional	institutional	ADJ
cjal-9190	870	136	investors	investor	NOUN
cjal-9190	870	137	c	c	AUX
cjal-9190	870	138	hina	hina	VERB
cjal-9190	870	139	a	a	DET
cjal-9190	870	140	sset	sset	NOUN
cjal-9190	870	141	m	m	NOUN
cjal-9190	870	142	anagem	anagem	PROPN
cjal-9190	870	143	ent	ent	PROPN
cjal-9190	870	144	c	c	PROPN
cjal-9190	870	145	o.	o.	PROPN
cjal-9190	870	146	,	,	PUNCT
cjal-9190	870	147	l	l	PROPN
cjal-9190	870	148	td	td	NOUN
cjal-9190	870	149	.	.	PUNCT
cjal-9190	871	1	华	华	PROPN
cjal-9190	871	2	夏	夏	ADP
cjal-9190	871	3	基	基	PROPN
cjal-9190	871	4	金	金	X
cjal-9190	871	5	管	管	NOUN
cjal-9190	871	6	理	理	X
cjal-9190	871	7	有	有	NOUN
cjal-9190	871	8	限	限	PROPN
cjal-9190	871	9	公	公	PROPN
cjal-9190	871	10	司	司	PROPN
cjal-9190	871	11	b	b	PROPN
cjal-9190	871	12	oshi	oshi	PROPN
cjal-9190	871	13	fund	fund	PROPN
cjal-9190	871	14	m	m	PROPN
cjal-9190	871	15	anagem	anagem	PROPN
cjal-9190	871	16	ent	ent	PROPN
cjal-9190	871	17	c	c	PROPN
cjal-9190	871	18	o.	o.	PROPN
cjal-9190	871	19	,	,	PUNCT
cjal-9190	871	20	l	l	PROPN
cjal-9190	871	21	td	td	NOUN
cjal-9190	871	22	.	.	PUNCT
cjal-9190	872	1	博	博	X
cjal-9190	872	2	时	时	ADP
cjal-9190	872	3	基	基	SYM
cjal-9190	872	4	金	金	X
cjal-9190	872	5	管	管	NOUN
cjal-9190	872	6	理	理	X
cjal-9190	872	7	有	有	NOUN
cjal-9190	872	8	限	限	PROPN
cjal-9190	872	9	公	公	PROPN
cjal-9190	872	10	司	司	NOUN
cjal-9190	872	11	and	and	CCONJ
cjal-9190	872	12	others	other	NOUN
cjal-9190	872	13	a	a	DET
cjal-9190	872	14	m	m	PROPN
cjal-9190	872	15	endm	endm	PROPN
cjal-9190	872	16	ent	ent	NOUN
cjal-9190	872	17	of	of	ADP
cjal-9190	872	18	the	the	DET
cjal-9190	872	19	articles	article	NOUN
cjal-9190	872	20	of	of	ADP
cjal-9190	872	21	association	association	PROPN
cjal-9190	872	22	po	po	PROPN
cjal-9190	872	23	e	e	PROPN
cjal-9190	872	24	(	(	PUNCT
cjal-9190	872	25	but	but	CCONJ
cjal-9190	872	26	an	an	DET
cjal-9190	872	27	so	so	ADV
cjal-9190	872	28	e	e	NOUN
cjal-9190	872	29	held	hold	VERB
cjal-9190	872	30	over	over	ADP
cjal-9190	872	31	10	10	NUM
cjal-9190	872	32	%	%	NOUN
cjal-9190	872	33	of	of	ADP
cjal-9190	872	34	the	the	DET
cjal-9190	872	35	shares	share	NOUN
cjal-9190	872	36	,	,	PUNCT
cjal-9190	872	37	and	and	CCONJ
cjal-9190	872	38	w	w	NOUN
cjal-9190	872	39	as	as	ADP
cjal-9190	872	40	the	the	DET
cjal-9190	872	41	largest	large	ADJ
cjal-9190	872	42	shareholder	shareholder	NOUN
cjal-9190	872	43	of	of	ADP
cjal-9190	872	44	v	v	NOUN
cjal-9190	872	45	anke	anke	ADJ
cjal-9190	872	46	)	)	PUNCT
cjal-9190	872	47	c	c	PROPN
cjal-9190	872	48	hina	hina	NOUN
cjal-9190	872	49	v	v	ADP
cjal-9190	872	50	anke	anke	PROPN
cjal-9190	872	51	c	c	PROPN
cjal-9190	872	52	o.	o.	PROPN
cjal-9190	872	53	,	,	PUNCT
cjal-9190	872	54	l	l	NOUN
cjal-9190	872	55	td	td	NOUN
cjal-9190	872	56	.	.	PUNCT
cjal-9190	873	1	万	万	X
cjal-9190	873	2	科	科	X
cjal-9190	873	3	企	企	X
cjal-9190	873	4	业	业	X
cjal-9190	873	5	股	股	X
cjal-9190	873	6	份	份	X
cjal-9190	873	7	有	有	NUM
cjal-9190	873	8	限	限	PROPN
cjal-9190	873	9	公	公	PROPN
cjal-9190	873	10	司	司	SYM
cjal-9190	873	11	2004	2004	NUM
cjal-9190	873	12	4	4	NUM
cjal-9190	873	13	succeeded	succeed	VERB
cjal-9190	873	14	so	so	ADV
cjal-9190	873	15	ii	ii	PROPN
cjal-9190	873	16	,	,	PUNCT
cjal-9190	873	17	s	s	VERB
cjal-9190	873	18	if	if	SCONJ
cjal-9190	873	19	firm	firm	ADJ
cjal-9190	873	20	,	,	PUNCT
cjal-9190	874	1	sa	sa	PROPN
cjal-9190	874	2	s	s	PROPN
cjal-9190	874	3	a	a	DET
cjal-9190	874	4	c	c	NOUN
cjal-9190	874	5	indirectly	indirectly	ADV
cjal-9190	874	6	held	hold	VERB
cjal-9190	874	7	49.98	49.98	NUM
cjal-9190	874	8	%	%	NOUN
cjal-9190	874	9	of	of	ADP
cjal-9190	874	10	the	the	DET
cjal-9190	874	11	shares	share	NOUN
cjal-9190	874	12	e	e	NOUN
cjal-9190	874	13	xercise	xercise	NOUN
cjal-9190	874	14	of	of	ADP
cjal-9190	874	15	voting	voting	NOUN
cjal-9190	874	16	rights	right	NOUN
cjal-9190	874	17	fortune	fortune	NOUN
cjal-9190	874	18	sg	sg	ADP
cjal-9190	874	19	fund	fund	PROPN
cjal-9190	874	20	m	m	PROPN
cjal-9190	874	21	anagem	anagem	PROPN
cjal-9190	874	22	ent	ent	PROPN
cjal-9190	874	23	c	c	PROPN
cjal-9190	874	24	o.	o.	PROPN
cjal-9190	874	25	,	,	PUNCT
cjal-9190	874	26	l	l	PROPN
cjal-9190	874	27	td	td	NOUN
cjal-9190	874	28	.	.	PUNCT
cjal-9190	875	1	华	华	ADP
cjal-9190	875	2	宝	宝	X
cjal-9190	875	3	基	基	SYM
cjal-9190	875	4	金	金	X
cjal-9190	875	5	管	管	NOUN
cjal-9190	875	6	理	理	X
cjal-9190	875	7	有	有	NOUN
cjal-9190	875	8	限	限	PROPN
cjal-9190	875	9	公	公	PROPN
cjal-9190	875	10	司	司	PROPN
cjal-9190	875	11	o	o	PROPN
cjal-9190	875	12	bjection	bjection	NOUN
cjal-9190	875	13	to	to	ADP
cjal-9190	875	14	the	the	DET
cjal-9190	875	15	issuance	issuance	NOUN
cjal-9190	875	16	of	of	ADP
cjal-9190	875	17	additional	additional	ADJ
cjal-9190	875	18	shares	share	NOUN
cjal-9190	876	1	so	so	SCONJ
cjal-9190	876	2	e	e	X
cjal-9190	876	3	(	(	PUNCT
cjal-9190	876	4	the	the	DET
cjal-9190	876	5	actual	actual	ADJ
cjal-9190	876	6	controller	controller	NOUN
cjal-9190	876	7	disclosed	disclose	VERB
cjal-9190	876	8	in	in	ADP
cjal-9190	876	9	the	the	DET
cjal-9190	876	10	financial	financial	ADJ
cjal-9190	876	11	report	report	NOUN
cjal-9190	876	12	w	w	ADP
cjal-9190	876	13	as	as	ADP
cjal-9190	876	14	sa	sa	PROPN
cjal-9190	876	15	sa	sa	PROPN
cjal-9190	876	16	c	c	PROPN
cjal-9190	876	17	of	of	ADP
cjal-9190	876	18	the	the	DET
cjal-9190	876	19	g	g	PROPN
cjal-9190	876	20	overnm	overnm	PROPN
cjal-9190	876	21	ent	ent	PROPN
cjal-9190	876	22	of	of	ADP
cjal-9190	876	23	c	c	PROPN
cjal-9190	876	24	hongqing	hongqe	VERB
cjal-9190	876	25	c	c	PROPN
cjal-9190	876	26	ity	ity	PROPN
cjal-9190	876	27	)	)	PUNCT
cjal-9190	876	28	c	c	PROPN
cjal-9190	876	29	hongqing	hongqe	VERB
cjal-9190	876	30	d	d	PROPN
cjal-9190	876	31	epartm	epartm	PROPN
cjal-9190	876	32	ent	ent	PROPN
cjal-9190	876	33	store	store	NOUN
cjal-9190	876	34	c	c	PROPN
cjal-9190	876	35	o.	o.	PROPN
cjal-9190	876	36	,	,	PUNCT
cjal-9190	876	37	l	l	NOUN
cjal-9190	876	38	td	td	NOUN
cjal-9190	876	39	.	.	PUNCT
cjal-9190	877	1	重	重	PRON
cjal-9190	878	1	庆	庆	NOUN
cjal-9190	878	2	百	百	X
cjal-9190	878	3	货	货	NOUN
cjal-9190	878	4	大	大	ADP
cjal-9190	878	5	楼	楼	NOUN
cjal-9190	878	6	股	股	X
cjal-9190	878	7	份	份	X
cjal-9190	878	8	有	有	NUM
cjal-9190	878	9	限	限	PROPN
cjal-9190	878	10	公	公	PROPN
cjal-9190	878	11	司	司	SYM
cjal-9190	878	12	5	5	NUM
cjal-9190	878	13	2022	2022	NUM
cjal-9190	878	14	]	]	PUNCT
cjal-9190	878	15	columbia	columbia	PROPN
cjal-9190	878	16	journal	journal	PROPN
cjal-9190	878	17	of	of	ADP
cjal-9190	878	18	asian	asian	ADJ
cjal-9190	878	19	law	law	PROPN
cjal-9190	878	20	145	145	NUM
cjal-9190	878	21	failed	fail	VERB
cjal-9190	878	22	so	so	SCONJ
cjal-9190	878	23	ii	ii	PROPN
cjal-9190	878	24	,	,	PUNCT
cjal-9190	878	25	sif	sif	PROPN
cjal-9190	878	26	firm	firm	NOUN
cjal-9190	878	27	,	,	PUNCT
cjal-9190	878	28	s	s	VERB
cjal-9190	878	29	tate	tate	PROPN
cjal-9190	878	30	c	c	PROPN
cjal-9190	878	31	ouncil	ouncil	PROPN
cjal-9190	878	32	,	,	PUNCT
cjal-9190	878	33	m	m	VERB
cjal-9190	878	34	o	o	NOUN
cjal-9190	878	35	f	f	X
cjal-9190	878	36	,	,	PUNCT
cjal-9190	878	37	s	s	VERB
cjal-9190	878	38	a	a	DET
cjal-9190	878	39	s	s	NOUN
cjal-9190	878	40	a	a	DET
cjal-9190	878	41	c	c	NOUN
cjal-9190	878	42	,	,	PUNCT
cjal-9190	878	43	and	and	CCONJ
cjal-9190	878	44	other	other	ADJ
cjal-9190	878	45	governm	governm	PROPN
cjal-9190	878	46	ent	ent	PROPN
cjal-9190	878	47	agencies	agency	NOUN
cjal-9190	878	48	indirectly	indirectly	ADV
cjal-9190	878	49	held	hold	VERB
cjal-9190	878	50	over	over	ADP
cjal-9190	878	51	50	50	NUM
cjal-9190	878	52	%	%	NOUN
cjal-9190	878	53	of	of	ADP
cjal-9190	878	54	the	the	DET
cjal-9190	878	55	shares	share	NOUN
cjal-9190	879	1	l	l	NOUN
cjal-9190	879	2	itigation	itigation	NOUN
cjal-9190	879	3	d	d	PROPN
cjal-9190	879	4	acheng	acheng	PROPN
cjal-9190	879	5	fund	fund	PROPN
cjal-9190	879	6	m	m	PROPN
cjal-9190	879	7	anagem	anagem	PROPN
cjal-9190	879	8	ent大	ent大	NOUN
cjal-9190	880	1	成	成	ADP
cjal-9190	880	2	基	基	X
cjal-9190	880	3	金	金	X
cjal-9190	880	4	管	管	NOUN
cjal-9190	880	5	理	理	X
cjal-9190	880	6	有	有	NOUN
cjal-9190	880	7	限	限	PROPN
cjal-9190	880	8	公	公	PROPN
cjal-9190	880	9	司	司	PROPN
cjal-9190	880	10	sued	sue	VERB
cjal-9190	880	11	for	for	ADP
cjal-9190	880	12	the	the	DET
cjal-9190	880	13	civil	civil	ADJ
cjal-9190	880	14	tort	tort	NOUN
cjal-9190	880	15	of	of	ADP
cjal-9190	880	16	m	m	PROPN
cjal-9190	880	17	isrepresentation	isrepresentation	PROPN
cjal-9190	880	18	po	po	PROPN
cjal-9190	880	19	e	e	ADP
cjal-9190	880	20	g	g	PROPN
cjal-9190	880	21	uangxia	uangxia	PROPN
cjal-9190	880	22	(	(	PUNCT
cjal-9190	880	23	y	y	PROPN
cjal-9190	880	24	inchuan	inchuan	PROPN
cjal-9190	880	25	)	)	PUNCT
cjal-9190	881	1	industry	industry	NOUN
cjal-9190	881	2	c	c	PROPN
cjal-9190	881	3	o.	o.	PROPN
cjal-9190	881	4	,	,	PUNCT
cjal-9190	881	5	l	l	NOUN
cjal-9190	881	6	td	td	NOUN
cjal-9190	881	7	.	.	PUNCT
cjal-9190	882	1	(	(	PUNCT
cjal-9190	882	2	now	now	ADV
cjal-9190	882	3	n	n	PRON
cjal-9190	882	4	ingxia	ingxia	NOUN
cjal-9190	882	5	w	w	PROPN
cjal-9190	882	6	estern	estern	PROPN
cjal-9190	882	7	v	v	PROPN
cjal-9190	882	8	enture	enture	PROPN
cjal-9190	882	9	industrial	industrial	PROPN
cjal-9190	882	10	c	c	PROPN
cjal-9190	882	11	o.	o.	PROPN
cjal-9190	882	12	,	,	PUNCT
cjal-9190	882	13	l	l	PROPN
cjal-9190	882	14	td	td	PROPN
cjal-9190	882	15	.	.	PUNCT
cjal-9190	883	1	宁	宁	NUM
cjal-9190	883	2	夏	夏	PROPN
cjal-9190	883	3	西	西	NOUN
cjal-9190	883	4	部	部	NOUN
cjal-9190	883	5	创	创	X
cjal-9190	883	6	业	业	X
cjal-9190	883	7	实	实	NOUN
cjal-9190	883	8	业	业	PROPN
cjal-9190	883	9	股	股	X
cjal-9190	883	10	份	份	X
cjal-9190	883	11	有	有	NUM
cjal-9190	883	12	限	限	PROPN
cjal-9190	883	13	公	公	PROPN
cjal-9190	883	14	司	司	PROPN
cjal-9190	883	15	)	)	PUNCT
cjal-9190	883	16	2007	2007	NUM
cjal-9190	883	17	6	6	NUM
cjal-9190	883	18	failed	fail	VERB
cjal-9190	883	19	so	so	SCONJ
cjal-9190	883	20	ii	ii	PROPN
cjal-9190	883	21	,	,	PUNCT
cjal-9190	883	22	sif	sif	PROPN
cjal-9190	883	23	firm	firm	NOUN
cjal-9190	883	24	,	,	PUNCT
cjal-9190	883	25	s	s	VERB
cjal-9190	883	26	tate	tate	PROPN
cjal-9190	883	27	c	c	PROPN
cjal-9190	883	28	ouncil	ouncil	PROPN
cjal-9190	883	29	,	,	PUNCT
cjal-9190	883	30	m	m	VERB
cjal-9190	883	31	o	o	NOUN
cjal-9190	883	32	f	f	X
cjal-9190	883	33	,	,	PUNCT
cjal-9190	883	34	s	s	VERB
cjal-9190	883	35	a	a	DET
cjal-9190	883	36	sa	sa	NOUN
cjal-9190	883	37	c	c	NOUN
cjal-9190	883	38	,	,	PUNCT
cjal-9190	883	39	and	and	CCONJ
cjal-9190	883	40	other	other	ADJ
cjal-9190	883	41	governm	governm	PROPN
cjal-9190	883	42	ent	ent	PROPN
cjal-9190	883	43	agencies	agency	NOUN
cjal-9190	883	44	indirectly	indirectly	ADV
cjal-9190	883	45	held	hold	VERB
cjal-9190	883	46	over	over	ADP
cjal-9190	883	47	50	50	NUM
cjal-9190	883	48	%	%	NOUN
cjal-9190	883	49	of	of	ADP
cjal-9190	883	50	the	the	DET
cjal-9190	883	51	shares	share	NOUN
cjal-9190	883	52	(	(	PUNCT
cjal-9190	883	53	d	d	NOUN
cjal-9190	883	54	acheng	acheng	PROPN
cjal-9190	883	55	)	)	PUNCT
cjal-9190	883	56	po	po	PROPN
cjal-9190	883	57	ii	ii	PROPN
cjal-9190	883	58	,	,	PUNCT
cjal-9190	883	59	sif	sif	PROPN
cjal-9190	883	60	firm	firm	NOUN
cjal-9190	883	61	(	(	PUNCT
cjal-9190	883	62	l	l	NOUN
cjal-9190	883	63	ion	ion	NOUN
cjal-9190	883	64	fund	fund	NOUN
cjal-9190	883	65	)	)	PUNCT
cjal-9190	883	66	e	e	NOUN
cjal-9190	883	67	xercise	xercise	NOUN
cjal-9190	883	68	of	of	ADP
cjal-9190	883	69	voting	voting	NOUN
cjal-9190	883	70	rights	right	NOUN
cjal-9190	883	71	d	d	PROPN
cjal-9190	883	72	acheng	acheng	PROPN
cjal-9190	883	73	fund	fund	PROPN
cjal-9190	883	74	m	m	PROPN
cjal-9190	883	75	anagem	anagem	PROPN
cjal-9190	883	76	ent大	ent大	NOUN
cjal-9190	884	1	成	成	ADP
cjal-9190	884	2	基	基	X
cjal-9190	884	3	金	金	X
cjal-9190	884	4	管	管	NOUN
cjal-9190	884	5	理	理	X
cjal-9190	884	6	有	有	NOUN
cjal-9190	884	7	限	限	PROPN
cjal-9190	884	8	公	公	PROPN
cjal-9190	884	9	司	司	PROPN
cjal-9190	884	10	l	l	NOUN
cjal-9190	884	11	ion	ion	NOUN
cjal-9190	884	12	fund	fund	NOUN
cjal-9190	884	13	m	m	PROPN
cjal-9190	884	14	anagem	anagem	PROPN
cjal-9190	884	15	ent	ent	PROPN
cjal-9190	884	16	诺	诺	PROPN
cjal-9190	884	17	安	安	X
cjal-9190	884	18	基	基	X
cjal-9190	884	19	金	金	X
cjal-9190	884	20	管	管	NOUN
cjal-9190	884	21	理	理	X
cjal-9190	884	22	有	有	NOUN
cjal-9190	884	23	限	限	PROPN
cjal-9190	884	24	公	公	PROPN
cjal-9190	884	25	司	司	PROPN
cjal-9190	884	26	o	o	PROPN
cjal-9190	884	27	bjection	bjection	NOUN
cjal-9190	884	28	to	to	ADP
cjal-9190	884	29	the	the	DET
cjal-9190	884	30	refinancing	refinance	VERB
cjal-9190	884	31	proposal	proposal	NOUN
cjal-9190	884	32	po	po	PROPN
cjal-9190	885	1	e	e	PROPN
cjal-9190	885	2	ping	pe	VERB
cjal-9190	885	3	a	a	DET
cjal-9190	885	4	n	n	NUM
cjal-9190	885	5	insurance	insurance	NOUN
cjal-9190	885	6	中	中	NOUN
cjal-9190	885	7	国	国	PRON
cjal-9190	885	8	平	平	PROPN
cjal-9190	885	9	安	安	X
cjal-9190	885	10	保	保	X
cjal-9190	885	11	险	险	PROPN
cjal-9190	885	12	（	（	PUNCT
cjal-9190	885	13	集	集	X
cjal-9190	885	14	团	团	X
cjal-9190	885	15	）	）	PUNCT
cjal-9190	885	16	股	股	X
cjal-9190	886	1	份	份	X
cjal-9190	886	2	有	有	NUM
cjal-9190	886	3	限	限	PROPN
cjal-9190	886	4	公	公	PROPN
cjal-9190	886	5	司	司	PROPN
cjal-9190	886	6	2008	2008	NUM
cjal-9190	886	7	7	7	NUM
cjal-9190	886	8	146	146	NUM
cjal-9190	886	9	institutional	institutional	ADJ
cjal-9190	886	10	investors	investor	NOUN
cjal-9190	886	11	in	in	ADP
cjal-9190	886	12	china	china	PROPN
cjal-9190	886	13	[	[	X
cjal-9190	886	14	vol	vol	NOUN
cjal-9190	886	15	.	.	PUNCT
cjal-9190	886	16	35	35	NUM
cjal-9190	886	17	:	:	SYM
cjal-9190	886	18	74	74	NUM
cjal-9190	886	19	succeeded	succeed	VERB
cjal-9190	886	20	po	po	PROPN
cjal-9190	886	21	ii	ii	PROPN
cjal-9190	886	22	,	,	PUNCT
cjal-9190	886	23	s	s	VERB
cjal-9190	886	24	if	if	SCONJ
cjal-9190	886	25	firm	firm	ADJ
cjal-9190	886	26	,	,	PUNCT
cjal-9190	886	27	(	(	PUNCT
cjal-9190	886	28	r	r	NOUN
cjal-9190	886	29	ongtong	ongtong	NOUN
cjal-9190	886	30	)	)	PUNCT
cjal-9190	886	31	and	and	CCONJ
cjal-9190	886	32	po	po	PROPN
cjal-9190	886	33	ii	ii	PROPN
cjal-9190	886	34	,	,	PUNCT
cjal-9190	886	35	s	s	VERB
cjal-9190	886	36	if	if	SCONJ
cjal-9190	886	37	firm	firm	PROPN
cjal-9190	886	38	b	b	PROPN
cjal-9190	886	39	ut	ut	PROPN
cjal-9190	886	40	state	state	PROPN
cjal-9190	886	41	c	c	PROPN
cjal-9190	886	42	ouncil	ouncil	PROPN
cjal-9190	886	43	indirectly	indirectly	ADV
cjal-9190	886	44	held	hold	VERB
cjal-9190	886	45	26	26	NUM
cjal-9190	886	46	%	%	NOUN
cjal-9190	886	47	of	of	ADP
cjal-9190	886	48	the	the	DET
cjal-9190	886	49	shares	share	NOUN
cjal-9190	886	50	(	(	PUNCT
cjal-9190	886	51	b	b	NOUN
cjal-9190	886	52	oshi	oshi	PROPN
cjal-9190	886	53	)	)	PUNCT
cjal-9190	886	54	e	e	PROPN
cjal-9190	886	55	xercise	xercise	NOUN
cjal-9190	886	56	of	of	ADP
cjal-9190	886	57	voting	voting	NOUN
cjal-9190	886	58	rights	right	NOUN
cjal-9190	886	59	r	r	NOUN
cjal-9190	886	60	ongtong	ongtong	NOUN
cjal-9190	886	61	f	f	PROPN
cjal-9190	886	62	und	und	PROPN
cjal-9190	886	63	m	m	PROPN
cjal-9190	886	64	anagem	anagem	PROPN
cjal-9190	886	65	ent	ent	PROPN
cjal-9190	886	66	融	融	PROPN
cjal-9190	886	67	通	通	ADP
cjal-9190	886	68	基	基	X
cjal-9190	886	69	金	金	X
cjal-9190	886	70	管	管	NOUN
cjal-9190	886	71	理	理	X
cjal-9190	886	72	有	有	NOUN
cjal-9190	886	73	限	限	PROPN
cjal-9190	886	74	公	公	PROPN
cjal-9190	886	75	司	司	PROPN
cjal-9190	886	76	and	and	CCONJ
cjal-9190	886	77	b	b	PROPN
cjal-9190	886	78	oshi	oshi	PROPN
cjal-9190	886	79	fund	fund	PROPN
cjal-9190	886	80	m	m	PROPN
cjal-9190	886	81	anagem	anagem	PROPN
cjal-9190	886	82	ent	ent	PROPN
cjal-9190	886	83	c	c	PROPN
cjal-9190	886	84	o.	o.	PROPN
cjal-9190	886	85	,	,	PUNCT
cjal-9190	886	86	l	l	PROPN
cjal-9190	886	87	td	td	NOUN
cjal-9190	886	88	.	.	PUNCT
cjal-9190	887	1	博	博	X
cjal-9190	887	2	时	时	ADP
cjal-9190	887	3	基	基	SYM
cjal-9190	887	4	金	金	X
cjal-9190	887	5	管	管	NOUN
cjal-9190	887	6	理	理	X
cjal-9190	887	7	有	有	NOUN
cjal-9190	887	8	限	限	PROPN
cjal-9190	887	9	公	公	PROPN
cjal-9190	887	10	司	司	PROPN
cjal-9190	887	11	v	v	PROPN
cjal-9190	887	12	eto	eto	PROPN
cjal-9190	887	13	an	an	DET
cjal-9190	887	14	acquisition	acquisition	NOUN
cjal-9190	887	15	of	of	ADP
cjal-9190	887	16	shares	share	NOUN
cjal-9190	887	17	by	by	ADP
cjal-9190	887	18	singapore	singapore	PROPN
cjal-9190	887	19	a	a	DET
cjal-9190	887	20	irlines	irline	NOUN
cjal-9190	887	21	so	so	SCONJ
cjal-9190	887	22	e	e	X
cjal-9190	887	23	(	(	PUNCT
cjal-9190	887	24	the	the	DET
cjal-9190	887	25	actual	actual	ADJ
cjal-9190	887	26	controller	controller	NOUN
cjal-9190	887	27	disclosed	disclose	VERB
cjal-9190	887	28	in	in	ADP
cjal-9190	887	29	the	the	DET
cjal-9190	887	30	financial	financial	ADJ
cjal-9190	887	31	report	report	NOUN
cjal-9190	887	32	w	w	ADP
cjal-9190	887	33	as	as	ADP
cjal-9190	887	34	s	s	PROPN
cjal-9190	887	35	a	a	DET
cjal-9190	887	36	sa	sa	NOUN
cjal-9190	887	37	c	c	NOUN
cjal-9190	887	38	)	)	PUNCT
cjal-9190	888	1	c	c	PROPN
cjal-9190	888	2	hina	hina	NOUN
cjal-9190	888	3	e	e	NOUN
cjal-9190	888	4	astern	astern	VERB
cjal-9190	888	5	a	a	DET
cjal-9190	888	6	irlines	irline	NOUN
cjal-9190	888	7	中	中	VERB
cjal-9190	888	8	国	国	NOUN
cjal-9190	888	9	东	东	ADP
cjal-9190	888	10	方	方	X
cjal-9190	888	11	航	航	X
cjal-9190	888	12	空	空	X
cjal-9190	888	13	股	股	X
cjal-9190	888	14	份	份	X
cjal-9190	888	15	有	有	NUM
cjal-9190	888	16	限	限	PROPN
cjal-9190	888	17	公	公	PROPN
cjal-9190	888	18	司	司	SYM
cjal-9190	888	19	8	8	NUM
cjal-9190	888	20	failed	fail	VERB
cjal-9190	888	21	po	po	PROPN
cjal-9190	888	22	ii	ii	PROPN
cjal-9190	888	23	,	,	PUNCT
cjal-9190	888	24	o	o	NOUN
cjal-9190	888	25	ther	ther	ADJ
cjal-9190	888	26	professional	professional	ADJ
cjal-9190	888	27	institutions	institution	NOUN
cjal-9190	888	28	inform	inform	VERB
cjal-9190	888	29	al	al	PROPN
cjal-9190	888	30	influence	influence	NOUN
cjal-9190	888	31	,	,	PUNCT
cjal-9190	888	32	publicly	publicly	ADV
cjal-9190	888	33	m	m	VERB
cjal-9190	888	34	ade	ade	NOUN
cjal-9190	888	35	requests	request	NOUN
cjal-9190	888	36	to	to	ADP
cjal-9190	888	37	the	the	DET
cjal-9190	888	38	board	board	NOUN
cjal-9190	888	39	shanghai	shanghai	PROPN
cjal-9190	888	40	b	b	PROPN
cjal-9190	888	41	aoyin	aoyin	PROPN
cjal-9190	888	42	investm	investm	PROPN
cjal-9190	888	43	ent	ent	PROPN
cjal-9190	888	44	c	c	PROPN
cjal-9190	888	45	onsulting	onsulting	PROPN
cjal-9190	888	46	c	c	PROPN
cjal-9190	888	47	o.	o.	PROPN
cjal-9190	888	48	,	,	PUNCT
cjal-9190	888	49	l	l	NOUN
cjal-9190	888	50	td	td	NOUN
cjal-9190	888	51	.	.	PUNCT
cjal-9190	889	1	上	上	NOUN
cjal-9190	889	2	海	海	NOUN
cjal-9190	889	3	宝	宝	X
cjal-9190	889	4	银	银	NOUN
cjal-9190	889	5	投	投	ADP
cjal-9190	889	6	资	资	NOUN
cjal-9190	889	7	咨	咨	NOUN
cjal-9190	889	8	询	询	PRON
cjal-9190	889	9	有	有	NOUN
cjal-9190	889	10	限	限	PROPN
cjal-9190	889	11	公	公	VERB
cjal-9190	889	12	司	司	PUNCT
cjal-9190	889	13	r	r	NOUN
cjal-9190	889	14	equest	equest	NOUN
cjal-9190	889	15	for	for	ADP
cjal-9190	889	16	participation	participation	NOUN
cjal-9190	889	17	in	in	ADP
cjal-9190	889	18	m	m	PROPN
cjal-9190	889	19	anagem	anagem	PROPN
cjal-9190	889	20	ent	ent	PROPN
cjal-9190	889	21	po	po	PROPN
cjal-9190	889	22	e	e	PROPN
cjal-9190	889	23	n	n	CCONJ
cjal-9190	889	24	ingxia	ingxia	PROPN
cjal-9190	889	25	b	b	PROPN
cjal-9190	889	26	uilding	uilde	VERB
cjal-9190	889	27	m	m	PROPN
cjal-9190	889	28	aterials	aterial	NOUN
cjal-9190	890	1	g	g	PROPN
cjal-9190	890	2	roup	roup	PROPN
cjal-9190	890	3	c	c	PROPN
cjal-9190	890	4	o.	o.	PROPN
cjal-9190	890	5	,	,	PUNCT
cjal-9190	890	6	l	l	PROPN
cjal-9190	890	7	td	td	PROPN
cjal-9190	890	8	.	.	PUNCT
cjal-9190	891	1	宁	宁	NUM
cjal-9190	891	2	夏	夏	NOUN
cjal-9190	891	3	建	建	X
cjal-9190	891	4	材	材	X
cjal-9190	891	5	集	集	X
cjal-9190	891	6	团	团	X
cjal-9190	891	7	股	股	X
cjal-9190	891	8	份	份	X
cjal-9190	891	9	有	有	NUM
cjal-9190	891	10	限	限	PROPN
cjal-9190	892	1	公	公	PROPN
cjal-9190	892	2	司	司	SYM
cjal-9190	892	3	9	9	NUM
cjal-9190	892	4	succeeded	succeed	VERB
cjal-9190	892	5	po	po	PROPN
cjal-9190	892	6	ii	ii	PROPN
cjal-9190	892	7	,	,	PUNCT
cjal-9190	892	8	s	s	VERB
cjal-9190	892	9	if	if	SCONJ
cjal-9190	892	10	firm	firm	ADJ
cjal-9190	892	11	,	,	PUNCT
cjal-9190	892	12	b	b	X
cjal-9190	892	13	ut	ut	PROPN
cjal-9190	892	14	m	m	PROPN
cjal-9190	892	15	o	o	NOUN
cjal-9190	892	16	f	f	X
cjal-9190	892	17	indirectly	indirectly	ADV
cjal-9190	892	18	held	hold	VERB
cjal-9190	892	19	8	8	NUM
cjal-9190	892	20	%	%	NOUN
cjal-9190	892	21	of	of	ADP
cjal-9190	892	22	the	the	DET
cjal-9190	892	23	shares	share	NOUN
cjal-9190	892	24	(	(	PUNCT
cjal-9190	892	25	h	h	NOUN
cjal-9190	892	26	arvest	arv	ADJ
cjal-9190	892	27	f	f	X
cjal-9190	892	28	und	und	PROPN
cjal-9190	892	29	)	)	PUNCT
cjal-9190	892	30	po	po	PROPN
cjal-9190	892	31	ii	ii	PROPN
cjal-9190	892	32	,	,	PUNCT
cjal-9190	892	33	s	s	VERB
cjal-9190	892	34	if	if	SCONJ
cjal-9190	892	35	firm	firm	ADJ
cjal-9190	892	36	,	,	PUNCT
cjal-9190	892	37	(	(	PUNCT
cjal-9190	892	38	b	b	NOUN
cjal-9190	892	39	oshi	oshi	PROPN
cjal-9190	892	40	)	)	PUNCT
cjal-9190	892	41	e	e	PROPN
cjal-9190	892	42	xercise	xercise	NOUN
cjal-9190	892	43	of	of	ADP
cjal-9190	892	44	voting	voting	NOUN
cjal-9190	892	45	rights	right	NOUN
cjal-9190	892	46	h	h	NOUN
cjal-9190	892	47	arvest	arvest	ADV
cjal-9190	892	48	f	f	X
cjal-9190	893	1	und	und	VERB
cjal-9190	893	2	m	m	PROPN
cjal-9190	893	3	anagem	anagem	PROPN
cjal-9190	893	4	ent	ent	NOUN
cjal-9190	893	5	嘉	嘉	X
cjal-9190	893	6	实	实	NOUN
cjal-9190	893	7	基	基	X
cjal-9190	893	8	金	金	X
cjal-9190	893	9	管	管	NOUN
cjal-9190	893	10	理	理	X
cjal-9190	893	11	有	有	NOUN
cjal-9190	893	12	限	限	PROPN
cjal-9190	893	13	公	公	PROPN
cjal-9190	893	14	司	司	PROPN
cjal-9190	893	15	b	b	PROPN
cjal-9190	893	16	oshi	oshi	PROPN
cjal-9190	893	17	f	f	PROPN
cjal-9190	893	18	und	und	PROPN
cjal-9190	893	19	m	m	PROPN
cjal-9190	893	20	anagem	anagem	PROPN
cjal-9190	893	21	ent	ent	PROPN
cjal-9190	893	22	c	c	PROPN
cjal-9190	893	23	o.	o.	PROPN
cjal-9190	893	24	,	,	PUNCT
cjal-9190	893	25	l	l	PROPN
cjal-9190	893	26	td	td	NOUN
cjal-9190	893	27	.	.	PUNCT
cjal-9190	894	1	博	博	X
cjal-9190	894	2	时	时	ADP
cjal-9190	894	3	基	基	SYM
cjal-9190	894	4	金	金	X
cjal-9190	894	5	管	管	NOUN
cjal-9190	894	6	理	理	X
cjal-9190	894	7	有	有	NOUN
cjal-9190	894	8	限	限	PROPN
cjal-9190	894	9	公	公	PROPN
cjal-9190	894	10	司	司	NOUN
cjal-9190	894	11	and	and	CCONJ
cjal-9190	894	12	others	other	NOUN
cjal-9190	894	13	v	v	ADP
cjal-9190	894	14	eto	eto	PROPN
cjal-9190	894	15	a	a	DET
cjal-9190	894	16	w	w	NOUN
cjal-9190	894	17	aiver	aiver	NOUN
cjal-9190	894	18	of	of	ADP
cjal-9190	894	19	the	the	DET
cjal-9190	894	20	right	right	NOUN
cjal-9190	894	21	of	of	ADP
cjal-9190	894	22	first	first	ADJ
cjal-9190	894	23	refusal	refusal	NOUN
cjal-9190	894	24	po	po	X
cjal-9190	894	25	e	e	PROPN
cjal-9190	894	26	h	h	PROPN
cjal-9190	894	27	enan	enan	PROPN
cjal-9190	894	28	shuanghui	shuanghui	PROPN
cjal-9190	894	29	investm	investm	PROPN
cjal-9190	894	30	ent	ent	PROPN
cjal-9190	894	31	&	&	CCONJ
cjal-9190	894	32	d	d	PROPN
cjal-9190	894	33	evelopm	evelopm	PROPN
cjal-9190	894	34	ent	ent	PROPN
cjal-9190	894	35	c	c	PROPN
cjal-9190	894	36	o.	o.	PROPN
cjal-9190	894	37	,	,	PUNCT
cjal-9190	894	38	l	l	PROPN
cjal-9190	894	39	td	td	NOUN
cjal-9190	894	40	.	.	PUNCT
cjal-9190	895	1	河	河	PROPN
cjal-9190	895	2	南	南	PROPN
cjal-9190	895	3	双	双	NOUN
cjal-9190	895	4	汇	汇	PROPN
cjal-9190	895	5	投	投	NUM
cjal-9190	895	6	资	资	NUM
cjal-9190	896	1	发	发	NOUN
cjal-9190	896	2	展	展	X
cjal-9190	896	3	股	股	X
cjal-9190	897	1	份	份	X
cjal-9190	897	2	有	有	NUM
cjal-9190	897	3	限	限	PROPN
cjal-9190	897	4	公	公	PROPN
cjal-9190	897	5	司	司	PROPN
cjal-9190	897	6	2010	2010	NUM
cjal-9190	897	7	10	10	NUM
cjal-9190	897	8	2022	2022	NUM
cjal-9190	897	9	]	]	PUNCT
cjal-9190	897	10	columbia	columbia	PROPN
cjal-9190	897	11	journal	journal	PROPN
cjal-9190	897	12	of	of	ADP
cjal-9190	897	13	asian	asian	ADJ
cjal-9190	897	14	law	law	NOUN
cjal-9190	897	15	147	147	NUM
cjal-9190	897	16	succeeded	succeed	VERB
cjal-9190	897	17	so	so	ADV
cjal-9190	897	18	ii	ii	PROPN
cjal-9190	897	19	,	,	PUNCT
cjal-9190	897	20	t	t	PROPN
cjal-9190	897	21	rust	rust	NOUN
cjal-9190	897	22	com	com	NOUN
cjal-9190	897	23	pany	pany	NOUN
cjal-9190	897	24	,	,	PUNCT
cjal-9190	897	25	sa	sa	PROPN
cjal-9190	897	26	sa	sa	PROPN
cjal-9190	897	27	c	c	PROPN
cjal-9190	897	28	indirectly	indirectly	ADV
cjal-9190	897	29	held	hold	VERB
cjal-9190	897	30	over	over	ADP
cjal-9190	897	31	50	50	NUM
cjal-9190	897	32	%	%	NOUN
cjal-9190	897	33	of	of	ADP
cjal-9190	897	34	the	the	DET
cjal-9190	897	35	shares	share	NOUN
cjal-9190	897	36	(	(	PUNCT
cjal-9190	897	37	h	h	NOUN
cjal-9190	897	38	uarun	uarun	NOUN
cjal-9190	897	39	)	)	PUNCT
cjal-9190	897	40	po	po	PROPN
cjal-9190	897	41	ii	ii	PROPN
cjal-9190	897	42	,	,	PUNCT
cjal-9190	897	43	p	p	PROPN
cjal-9190	897	44	rivate	rivate	ADJ
cjal-9190	897	45	equity	equity	NOUN
cjal-9190	897	46	firm	firm	NOUN
cjal-9190	897	47	,	,	PUNCT
cjal-9190	897	48	(	(	PUNCT
cjal-9190	897	49	h	h	NOUN
cjal-9190	897	50	ongshan	ongshan	ADJ
cjal-9190	897	51	)	)	PUNCT
cjal-9190	897	52	l	l	NOUN
cjal-9190	897	53	itigation	itigation	NOUN
cjal-9190	897	54	h	h	PROPN
cjal-9190	897	55	uarun	uarun	PROPN
cjal-9190	897	56	shenguotou	shenguotou	PROPN
cjal-9190	897	57	t	t	PROPN
cjal-9190	897	58	rust	rust	PROPN
cjal-9190	897	59	c	c	PROPN
cjal-9190	897	60	o.	o.	PROPN
cjal-9190	897	61	,	,	PUNCT
cjal-9190	897	62	l	l	PROPN
cjal-9190	897	63	td	td	NOUN
cjal-9190	897	64	.	.	PUNCT
cjal-9190	898	1	华	华	PRON
cjal-9190	898	2	润	润	PROPN
cjal-9190	898	3	深	深	NOUN
cjal-9190	898	4	国	国	PROPN
cjal-9190	898	5	投	投	ADP
cjal-9190	898	6	信	信	PROPN
cjal-9190	898	7	托	托	NOUN
cjal-9190	898	8	有	有	NOUN
cjal-9190	898	9	限	限	PROPN
cjal-9190	898	10	公	公	PROPN
cjal-9190	898	11	司	司	X
cjal-9190	898	12	,	,	PUNCT
cjal-9190	898	13	h	h	PROPN
cjal-9190	898	14	ongshan	ongshan	PROPN
cjal-9190	898	15	fund	fund	PROPN
cjal-9190	898	16	m	m	PROPN
cjal-9190	898	17	anagem	anagem	PROPN
cjal-9190	898	18	ent	ent	PROPN
cjal-9190	898	19	深	深	X
cjal-9190	898	20	圳	圳	PROPN
cjal-9190	898	21	市	市	NOUN
cjal-9190	898	22	红	红	X
cjal-9190	898	23	山	山	X
cjal-9190	898	24	投	投	ADP
cjal-9190	898	25	资	资	NOUN
cjal-9190	898	26	管	管	NOUN
cjal-9190	898	27	理	理	X
cjal-9190	898	28	有	有	NOUN
cjal-9190	898	29	限	限	PROPN
cjal-9190	898	30	公	公	PROPN
cjal-9190	898	31	司	司	PROPN
cjal-9190	898	32	sued	sue	VERB
cjal-9190	898	33	for	for	ADP
cjal-9190	898	34	the	the	DET
cjal-9190	898	35	civil	civil	ADJ
cjal-9190	898	36	tort	tort	NOUN
cjal-9190	898	37	of	of	ADP
cjal-9190	898	38	m	m	PROPN
cjal-9190	898	39	isrepresentation	isrepresentation	NOUN
cjal-9190	899	1	so	so	SCONJ
cjal-9190	899	2	e	e	X
cjal-9190	899	3	(	(	PUNCT
cjal-9190	899	4	the	the	DET
cjal-9190	899	5	actual	actual	ADJ
cjal-9190	899	6	controller	controller	NOUN
cjal-9190	899	7	disclosed	disclose	VERB
cjal-9190	899	8	in	in	ADP
cjal-9190	899	9	the	the	DET
cjal-9190	899	10	financial	financial	ADJ
cjal-9190	899	11	report	report	NOUN
cjal-9190	899	12	of	of	ADP
cjal-9190	899	13	2007	2007	NUM
cjal-9190	899	14	w	w	NOUN
cjal-9190	899	15	as	as	ADP
cjal-9190	899	16	a	a	DET
cjal-9190	899	17	w	w	PROPN
cjal-9190	899	18	holly	holly	NOUN
cjal-9190	899	19	state	state	NOUN
cjal-9190	899	20	-	-	PUNCT
cjal-9190	899	21	ow	ow	PROPN
cjal-9190	899	22	ned	ned	ADJ
cjal-9190	899	23	enterprise	enterprise	NOUN
cjal-9190	899	24	)	)	PUNCT
cjal-9190	899	25	x	x	SYM
cjal-9190	899	26	iam	iam	PROPN
cjal-9190	899	27	en	en	PROPN
cjal-9190	899	28	x	x	SYM
cjal-9190	899	29	iangyu	iangyu	PROPN
cjal-9190	899	30	c	c	PROPN
cjal-9190	899	31	o.	o.	PROPN
cjal-9190	899	32	,	,	PUNCT
cjal-9190	899	33	l	l	NOUN
cjal-9190	899	34	td	td	NOUN
cjal-9190	899	35	.	.	PUNCT
cjal-9190	900	1	厦	厦	X
cjal-9190	901	1	门	门	X
cjal-9190	901	2	象	象	X
cjal-9190	901	3	屿	屿	NOUN
cjal-9190	901	4	股	股	X
cjal-9190	901	5	份	份	X
cjal-9190	901	6	有	有	NUM
cjal-9190	901	7	限	限	PROPN
cjal-9190	901	8	公	公	PROPN
cjal-9190	901	9	司	司	SYM
cjal-9190	901	10	2011	2011	NUM
cjal-9190	901	11	11	11	NUM
cjal-9190	901	12	failed	fail	VERB
cjal-9190	901	13	po	po	PROPN
cjal-9190	901	14	ii	ii	PROPN
cjal-9190	901	15	,	,	PUNCT
cjal-9190	901	16	sif	sif	PROPN
cjal-9190	901	17	firm	firm	NOUN
cjal-9190	901	18	,	,	PUNCT
cjal-9190	901	19	b	b	X
cjal-9190	901	20	ut	ut	PROPN
cjal-9190	901	21	the	the	DET
cjal-9190	901	22	financial	financial	ADJ
cjal-9190	901	23	d	d	PROPN
cjal-9190	901	24	epartm	epartm	ADJ
cjal-9190	901	25	ent	ent	NOUN
cjal-9190	901	26	of	of	ADP
cjal-9190	901	27	fujian	fujian	PROPN
cjal-9190	901	28	p	p	PROPN
cjal-9190	901	29	rovince	rovince	NOUN
cjal-9190	901	30	indirectly	indirectly	ADV
cjal-9190	901	31	held	hold	VERB
cjal-9190	901	32	10.3	10.3	NUM
cjal-9190	901	33	%	%	NOUN
cjal-9190	901	34	of	of	ADP
cjal-9190	901	35	the	the	DET
cjal-9190	901	36	shares	share	NOUN
cjal-9190	901	37	(	(	PUNCT
cjal-9190	901	38	a	a	DET
cjal-9190	901	39	egon	egon	PROPN
cjal-9190	901	40	-	-	PUNCT
cjal-9190	901	41	industrial	industrial	ADJ
cjal-9190	901	42	f	f	PROPN
cjal-9190	901	43	und	und	NOUN
cjal-9190	901	44	)	)	PUNCT
cjal-9190	901	45	po	po	PROPN
cjal-9190	901	46	ii	ii	PROPN
cjal-9190	901	47	,	,	PUNCT
cjal-9190	901	48	securities	security	NOUN
cjal-9190	901	49	com	com	NOUN
cjal-9190	901	50	pany	pany	NOUN
cjal-9190	901	51	,	,	PUNCT
cjal-9190	901	52	b	b	PROPN
cjal-9190	901	53	ut	ut	PROPN
cjal-9190	901	54	the	the	DET
cjal-9190	901	55	biggest	big	ADJ
cjal-9190	901	56	shareholder	shareholder	NOUN
cjal-9190	901	57	w	w	NOUN
cjal-9190	901	58	as	as	ADP
cjal-9190	901	59	w	w	PROPN
cjal-9190	901	60	holly	holly	PROPN
cjal-9190	901	61	state	state	NOUN
cjal-9190	901	62	-	-	PUNCT
cjal-9190	901	63	ow	ow	NOUN
cjal-9190	901	64	ned	ned	NOUN
cjal-9190	901	65	.	.	PUNCT
cjal-9190	902	1	(	(	PUNCT
cjal-9190	902	2	o	o	PROPN
cjal-9190	902	3	rient	rient	NOUN
cjal-9190	902	4	securities	security	NOUN
cjal-9190	902	5	)	)	PUNCT
cjal-9190	902	6	t	t	PROPN
cjal-9190	902	7	eam	eam	PROPN
cjal-9190	902	8	ing	ing	PROPN
cjal-9190	902	9	-	-	PUNCT
cjal-9190	902	10	up	up	NOUN
cjal-9190	902	11	w	w	PROPN
cjal-9190	902	12	ith	ith	PROPN
cjal-9190	902	13	other	other	ADJ
cjal-9190	902	14	institutional	institutional	ADJ
cjal-9190	902	15	investors	investor	NOUN
cjal-9190	902	16	a	a	DET
cjal-9190	902	17	egon	egon	PROPN
cjal-9190	902	18	-	-	PUNCT
cjal-9190	902	19	industrial	industrial	ADJ
cjal-9190	902	20	fund	fund	NOUN
cjal-9190	902	21	m	m	PROPN
cjal-9190	902	22	anagem	anagem	PROPN
cjal-9190	902	23	ent	ent	NOUN
cjal-9190	902	24	兴	兴	X
cjal-9190	902	25	证	证	X
cjal-9190	902	26	全	全	X
cjal-9190	902	27	球	球	X
cjal-9190	902	28	基	基	X
cjal-9190	902	29	金	金	X
cjal-9190	902	30	管	管	NOUN
cjal-9190	902	31	理	理	X
cjal-9190	902	32	有	有	NOUN
cjal-9190	902	33	限	限	PROPN
cjal-9190	902	34	公	公	PROPN
cjal-9190	902	35	司	司	X
cjal-9190	902	36	,	,	PUNCT
cjal-9190	902	37	o	o	PROPN
cjal-9190	902	38	rient	rient	NOUN
cjal-9190	902	39	s	s	PROPN
cjal-9190	902	40	ecurities	ecuritie	NOUN
cjal-9190	902	41	东	东	VERB
cjal-9190	902	42	方	方	X
cjal-9190	902	43	证	证	X
cjal-9190	902	44	券	券	NOUN
cjal-9190	902	45	股	股	X
cjal-9190	902	46	份	份	X
cjal-9190	902	47	有	有	NUM
cjal-9190	902	48	限	限	PROPN
cjal-9190	902	49	公	公	PROPN
cjal-9190	902	50	司	司	PUNCT
cjal-9190	902	51	u	u	NOUN
cjal-9190	902	52	rge	rge	NOUN
cjal-9190	902	53	the	the	DET
cjal-9190	902	54	com	com	NOUN
cjal-9190	902	55	pany	pany	NOUN
cjal-9190	902	56	as	as	ADP
cjal-9190	902	57	w	w	PROPN
cjal-9190	902	58	ell	ell	PROPN
cjal-9190	902	59	as	as	ADP
cjal-9190	902	60	jiangsu	jiangsu	PROPN
cjal-9190	902	61	r	r	PROPN
cjal-9190	902	62	ongsheng	ongsheng	PROPN
cjal-9190	902	63	h	h	PROPN
cjal-9190	902	64	eavy	eavy	PROPN
cjal-9190	902	65	industries	industry	NOUN
cjal-9190	902	66	c	c	PROPN
cjal-9190	902	67	o.	o.	NOUN
cjal-9190	902	68	,	,	PUNCT
cjal-9190	902	69	l	l	PROPN
cjal-9190	902	70	td	td	PROPN
cjal-9190	902	71	.	.	PUNCT
cjal-9190	903	1	t	t	PROPN
cjal-9190	903	2	o	o	PROPN
cjal-9190	903	3	perform	perform	VERB
cjal-9190	903	4	their	their	PRON
cjal-9190	903	5	respective	respective	ADJ
cjal-9190	903	6	contractual	contractual	ADJ
cjal-9190	903	7	obligations	obligation	NOUN
cjal-9190	904	1	so	so	SCONJ
cjal-9190	904	2	e	e	X
cjal-9190	904	3	(	(	PUNCT
cjal-9190	904	4	the	the	DET
cjal-9190	904	5	actual	actual	ADJ
cjal-9190	904	6	controller	controller	NOUN
cjal-9190	904	7	disclosed	disclose	VERB
cjal-9190	904	8	in	in	ADP
cjal-9190	904	9	the	the	DET
cjal-9190	904	10	financial	financial	ADJ
cjal-9190	904	11	report	report	NOUN
cjal-9190	904	12	w	w	ADP
cjal-9190	904	13	as	as	ADP
cjal-9190	904	14	the	the	DET
cjal-9190	904	15	g	g	PROPN
cjal-9190	904	16	overnm	overnm	PROPN
cjal-9190	904	17	ent	ent	PROPN
cjal-9190	904	18	of	of	ADP
cjal-9190	904	19	q	q	PROPN
cjal-9190	904	20	uanjiao	uanjiao	PROPN
cjal-9190	904	21	c	c	PROPN
cjal-9190	904	22	ounty	ounty	PROPN
cjal-9190	904	23	)	)	PUNCT
cjal-9190	904	24	a	a	DET
cjal-9190	904	25	nhui	nhui	NOUN
cjal-9190	904	26	q	q	PROPN
cjal-9190	904	27	uanchai	uanchai	PROPN
cjal-9190	904	28	e	e	PROPN
cjal-9190	904	29	ngine	ngine	NOUN
cjal-9190	904	30	c	c	PROPN
cjal-9190	904	31	o.	o.	PROPN
cjal-9190	904	32	,	,	PUNCT
cjal-9190	904	33	l	l	NOUN
cjal-9190	904	34	td	td	NOUN
cjal-9190	904	35	.	.	PUNCT
cjal-9190	905	1	安	安	X
cjal-9190	905	2	徽	徽	X
cjal-9190	905	3	全	全	X
cjal-9190	905	4	柴	柴	X
cjal-9190	905	5	动	动	NOUN
cjal-9190	905	6	力	力	X
cjal-9190	905	7	股	股	X
cjal-9190	905	8	份	份	X
cjal-9190	905	9	有	有	NUM
cjal-9190	905	10	限	限	PROPN
cjal-9190	905	11	公	公	PROPN
cjal-9190	905	12	司	司	SYM
cjal-9190	905	13	12	12	NUM
cjal-9190	905	14	148	148	NUM
cjal-9190	905	15	institutional	institutional	ADJ
cjal-9190	905	16	investors	investor	NOUN
cjal-9190	905	17	in	in	ADP
cjal-9190	905	18	china	china	PROPN
cjal-9190	905	19	[	[	X
cjal-9190	905	20	vol	vol	NOUN
cjal-9190	905	21	.	.	PUNCT
cjal-9190	905	22	35	35	NUM
cjal-9190	905	23	:	:	SYM
cjal-9190	905	24	74	74	NUM
cjal-9190	905	25	failed	fail	VERB
cjal-9190	905	26	po	po	PROPN
cjal-9190	905	27	ii	ii	PROPN
cjal-9190	905	28	,	,	PUNCT
cjal-9190	905	29	s	s	VERB
cjal-9190	905	30	if	if	SCONJ
cjal-9190	905	31	firm	firm	ADJ
cjal-9190	905	32	,	,	PUNCT
cjal-9190	905	33	b	b	X
cjal-9190	905	34	ut	ut	PROPN
cjal-9190	905	35	the	the	DET
cjal-9190	905	36	g	g	PROPN
cjal-9190	905	37	overnm	overnm	PROPN
cjal-9190	905	38	ent	ent	NOUN
cjal-9190	905	39	of	of	ADP
cjal-9190	905	40	g	g	PROPN
cjal-9190	905	41	uangxi	uangxi	NOUN
cjal-9190	905	42	z	z	PROPN
cjal-9190	905	43	huang	huang	PROPN
cjal-9190	906	1	a	a	DET
cjal-9190	906	2	utonom	utonom	PROPN
cjal-9190	906	3	ous	ous	PROPN
cjal-9190	906	4	r	r	PROPN
cjal-9190	906	5	egion	egion	NOUN
cjal-9190	906	6	indirectly	indirectly	ADV
cjal-9190	906	7	held	hold	VERB
cjal-9190	906	8	14.7	14.7	NUM
cjal-9190	906	9	%	%	NOUN
cjal-9190	906	10	of	of	ADP
cjal-9190	906	11	the	the	DET
cjal-9190	906	12	shares	share	NOUN
cjal-9190	906	13	(	(	PUNCT
cjal-9190	906	14	f	f	PROPN
cjal-9190	906	15	ranklin	ranklin	PROPN
cjal-9190	906	16	)	)	PUNCT
cjal-9190	906	17	po	po	PROPN
cjal-9190	906	18	ii	ii	PROPN
cjal-9190	906	19	,	,	PUNCT
cjal-9190	906	20	sif	sif	PROPN
cjal-9190	906	21	firm	firm	NOUN
cjal-9190	906	22	,	,	PUNCT
cjal-9190	906	23	b	b	PROPN
cjal-9190	906	24	ut	ut	PROPN
cjal-9190	906	25	sa	sa	PROPN
cjal-9190	906	26	sa	sa	PROPN
cjal-9190	906	27	c	c	PROPN
cjal-9190	906	28	of	of	ADP
cjal-9190	906	29	the	the	DET
cjal-9190	906	30	governm	governm	PROPN
cjal-9190	906	31	ent	ent	PROPN
cjal-9190	906	32	of	of	ADP
cjal-9190	906	33	shenzhen	shenzhen	PROPN
cjal-9190	906	34	province	province	PROPN
cjal-9190	906	35	indirectly	indirectly	ADV
cjal-9190	906	36	held	hold	VERB
cjal-9190	906	37	22	22	NUM
cjal-9190	906	38	%	%	NOUN
cjal-9190	906	39	of	of	ADP
cjal-9190	906	40	the	the	DET
cjal-9190	906	41	shares	share	NOUN
cjal-9190	906	42	(	(	PUNCT
cjal-9190	906	43	p	p	PROPN
cjal-9190	906	44	enghua	enghua	PROPN
cjal-9190	906	45	f	f	PROPN
cjal-9190	906	46	und	und	PROPN
cjal-9190	906	47	)	)	PUNCT
cjal-9190	906	48	t	t	PROPN
cjal-9190	906	49	eam	eam	PROPN
cjal-9190	906	50	ing	ing	PROPN
cjal-9190	906	51	-	-	PUNCT
cjal-9190	906	52	up	up	NOUN
cjal-9190	906	53	w	w	PROPN
cjal-9190	906	54	ith	ith	PROPN
cjal-9190	906	55	other	other	ADJ
cjal-9190	906	56	institutional	institutional	ADJ
cjal-9190	906	57	investors	investor	NOUN
cjal-9190	906	58	franklin	franklin	PROPN
cjal-9190	906	59	t	t	PROPN
cjal-9190	906	60	em	em	PRON
cjal-9190	906	61	pleton	pleton	PROPN
cjal-9190	906	62	sealand	sealand	PROPN
cjal-9190	906	63	fund	fund	PROPN
cjal-9190	906	64	m	m	PROPN
cjal-9190	906	65	anagem	anagem	PROPN
cjal-9190	906	66	ent	ent	PROPN
cjal-9190	906	67	c	c	PROPN
cjal-9190	906	68	o.	o.	PROPN
cjal-9190	906	69	,	,	PUNCT
cjal-9190	906	70	l	l	PROPN
cjal-9190	906	71	td	td	NOUN
cjal-9190	906	72	.	.	PUNCT
cjal-9190	907	1	国	国	PROPN
cjal-9190	907	2	海	海	NOUN
cjal-9190	907	3	富	富	X
cjal-9190	907	4	兰	兰	X
cjal-9190	907	5	克	克	X
cjal-9190	907	6	林	林	X
cjal-9190	907	7	基	基	SYM
cjal-9190	907	8	金	金	X
cjal-9190	907	9	管	管	NOUN
cjal-9190	907	10	理	理	X
cjal-9190	907	11	有	有	NOUN
cjal-9190	907	12	限	限	PROPN
cjal-9190	907	13	公	公	PROPN
cjal-9190	907	14	司	司	X
cjal-9190	907	15	,	,	PUNCT
cjal-9190	907	16	p	p	PROPN
cjal-9190	907	17	enghua	enghua	PROPN
cjal-9190	907	18	fund	fund	PROPN
cjal-9190	907	19	m	m	PROPN
cjal-9190	907	20	anagem	anagem	PROPN
cjal-9190	907	21	ent	ent	NOUN
cjal-9190	907	22	鹏	鹏	PROPN
cjal-9190	907	23	华	华	PROPN
cjal-9190	907	24	基	基	NUM
cjal-9190	907	25	金	金	X
cjal-9190	907	26	管	管	NOUN
cjal-9190	907	27	理	理	X
cjal-9190	907	28	有	有	NOUN
cjal-9190	907	29	限	限	PROPN
cjal-9190	907	30	公	公	PROPN
cjal-9190	907	31	司	司	NOUN
cjal-9190	907	32	and	and	CCONJ
cjal-9190	907	33	others	other	NOUN
cjal-9190	907	34	propose	propose	VERB
cjal-9190	907	35	the	the	DET
cjal-9190	907	36	giving	giving	NOUN
cjal-9190	907	37	of	of	ADP
cjal-9190	907	38	cash	cash	NOUN
cjal-9190	907	39	incentive	incentive	NOUN
cjal-9190	907	40	to	to	ADP
cjal-9190	907	41	the	the	DET
cjal-9190	907	42	com	com	NOUN
cjal-9190	907	43	pany	pany	NOUN
cjal-9190	907	44	's	's	PART
cjal-9190	907	45	m	m	NOUN
cjal-9190	907	46	anagem	anagem	PROPN
cjal-9190	907	47	ent	ent	PROPN
cjal-9190	907	48	po	po	X
cjal-9190	907	49	e	e	PROPN
cjal-9190	907	50	d	d	X
cjal-9190	907	51	ashang	ashang	PROPN
cjal-9190	907	52	c	c	PROPN
cjal-9190	907	53	o.	o.	PROPN
cjal-9190	907	54	,	,	PUNCT
cjal-9190	907	55	l	l	PROPN
cjal-9190	907	56	td	td	PROPN
cjal-9190	907	57	.	.	PUNCT
cjal-9190	907	58	大	大	PROPN
cjal-9190	907	59	商	商	X
cjal-9190	907	60	股	股	X
cjal-9190	907	61	份	份	X
cjal-9190	907	62	有	有	NUM
cjal-9190	907	63	限	限	PROPN
cjal-9190	907	64	公	公	PROPN
cjal-9190	907	65	司	司	SYM
cjal-9190	907	66	13	13	NUM
cjal-9190	907	67	failed	fail	VERB
cjal-9190	907	68	so	so	SCONJ
cjal-9190	907	69	ii	ii	PROPN
cjal-9190	907	70	,	,	PUNCT
cjal-9190	907	71	s	s	VERB
cjal-9190	907	72	if	if	SCONJ
cjal-9190	907	73	firm	firm	ADJ
cjal-9190	907	74	shareholder	shareholder	NOUN
cjal-9190	907	75	proposal	proposal	NOUN
cjal-9190	907	76	;	;	PUNCT
cjal-9190	907	77	governance	governance	NOUN
cjal-9190	907	78	change	change	NOUN
cjal-9190	907	79	d	d	PROPN
cjal-9190	907	80	acheng	acheng	PROPN
cjal-9190	907	81	fund	fund	PROPN
cjal-9190	907	82	m	m	PROPN
cjal-9190	907	83	anagem	anagem	PROPN
cjal-9190	907	84	ent	ent	PROPN
cjal-9190	907	85	大	大	PROPN
cjal-9190	907	86	成	成	PRON
cjal-9190	907	87	基	基	X
cjal-9190	907	88	金	金	X
cjal-9190	907	89	管	管	NOUN
cjal-9190	907	90	理	理	X
cjal-9190	907	91	有	有	NOUN
cjal-9190	907	92	限	限	PROPN
cjal-9190	907	93	公	公	PROPN
cjal-9190	907	94	司	司	PROPN
cjal-9190	907	95	r	r	PROPN
cjal-9190	907	96	ecom	ecom	X
cjal-9190	907	97	m	m	PROPN
cjal-9190	907	98	end	end	VERB
cjal-9190	907	99	the	the	DET
cjal-9190	907	100	rem	rem	NOUN
cjal-9190	907	101	oval	oval	NOUN
cjal-9190	907	102	of	of	ADP
cjal-9190	907	103	the	the	DET
cjal-9190	907	104	chairm	chairm	NOUN
cjal-9190	907	105	an	an	DET
cjal-9190	907	106	po	po	NOUN
cjal-9190	907	107	e	e	X
cjal-9190	907	108	c	c	PROPN
cjal-9190	907	109	hongqing	hongqe	VERB
cjal-9190	907	110	b	b	PROPN
cjal-9190	907	111	rew	rew	NOUN
cjal-9190	907	112	ery	ery	PROPN
cjal-9190	907	113	c	c	PROPN
cjal-9190	907	114	o.	o.	PROPN
cjal-9190	907	115	,	,	PUNCT
cjal-9190	907	116	l	l	PROPN
cjal-9190	907	117	td	td	NOUN
cjal-9190	908	1	重	重	PRON
cjal-9190	908	2	庆	庆	PROPN
cjal-9190	908	3	啤	啤	PROPN
cjal-9190	908	4	酒	酒	X
cjal-9190	908	5	股	股	X
cjal-9190	908	6	份	份	X
cjal-9190	908	7	有	有	NUM
cjal-9190	908	8	限	限	PROPN
cjal-9190	908	9	公	公	PROPN
cjal-9190	908	10	司	司	PROPN
cjal-9190	908	11	2012	2012	NUM
cjal-9190	908	12	14	14	NUM
cjal-9190	908	13	succeeded	succeed	VERB
cjal-9190	908	14	po	po	PROPN
cjal-9190	908	15	ii	ii	PROPN
cjal-9190	908	16	,	,	PUNCT
cjal-9190	908	17	sif	sif	PROPN
cjal-9190	908	18	firm	firm	NOUN
cjal-9190	908	19	,	,	PUNCT
cjal-9190	908	20	(	(	PUNCT
cjal-9190	908	21	p	p	PROPN
cjal-9190	908	22	enghua	enghua	PROPN
cjal-9190	908	23	)	)	PUNCT
cjal-9190	908	24	fo	fo	ADP
cjal-9190	908	25	ii	ii	PROPN
cjal-9190	908	26	,	,	PUNCT
cjal-9190	908	27	o	o	NOUN
cjal-9190	908	28	ther	ther	ADJ
cjal-9190	908	29	professional	professional	ADJ
cjal-9190	908	30	institution	institution	NOUN
cjal-9190	908	31	(	(	PUNCT
cjal-9190	908	32	y	y	PROPN
cjal-9190	908	33	ale	ale	PROPN
cjal-9190	908	34	)	)	PUNCT
cjal-9190	908	35	t	t	PROPN
cjal-9190	908	36	eam	eam	PROPN
cjal-9190	908	37	ing	ing	PROPN
cjal-9190	908	38	-	-	PUNCT
cjal-9190	908	39	up	up	NOUN
cjal-9190	908	40	w	w	PROPN
cjal-9190	908	41	ith	ith	PROPN
cjal-9190	909	1	other	other	ADJ
cjal-9190	909	2	institutional	institutional	ADJ
cjal-9190	909	3	investors	investor	NOUN
cjal-9190	909	4	penghua	penghua	PROPN
cjal-9190	909	5	fund	fund	PROPN
cjal-9190	909	6	m	m	PROPN
cjal-9190	909	7	anagem	anagem	PROPN
cjal-9190	909	8	ent	ent	NOUN
cjal-9190	909	9	鹏	鹏	PROPN
cjal-9190	909	10	华	华	PROPN
cjal-9190	909	11	基	基	NUM
cjal-9190	909	12	金	金	X
cjal-9190	909	13	管	管	NOUN
cjal-9190	909	14	理	理	X
cjal-9190	909	15	有	有	NOUN
cjal-9190	909	16	限	限	PROPN
cjal-9190	909	17	公	公	PROPN
cjal-9190	909	18	司	司	PUNCT
cjal-9190	909	19	y	y	PROPN
cjal-9190	909	20	ale	ale	NOUN
cjal-9190	909	21	u	u	PROPN
cjal-9190	909	22	niversity	niversity	NOUN
cjal-9190	909	23	e	e	PROPN
cjal-9190	909	24	ndow	ndow	ADP
cjal-9190	909	25	m	m	VERB
cjal-9190	909	26	ent	ent	NOUN
cjal-9190	909	27	selection	selection	NOUN
cjal-9190	909	28	and	and	CCONJ
cjal-9190	909	29	recom	recom	NOUN
cjal-9190	909	30	m	m	VERB
cjal-9190	909	31	endation	endation	NOUN
cjal-9190	909	32	of	of	ADP
cjal-9190	909	33	candidates	candidate	NOUN
cjal-9190	909	34	for	for	ADP
cjal-9190	909	35	the	the	DET
cjal-9190	909	36	board	board	NOUN
cjal-9190	909	37	of	of	ADP
cjal-9190	909	38	director	director	NOUN
cjal-9190	909	39	s	s	PART
cjal-9190	909	40	so	so	SCONJ
cjal-9190	909	41	e	e	X
cjal-9190	909	42	(	(	PUNCT
cjal-9190	909	43	the	the	DET
cjal-9190	909	44	actual	actual	ADJ
cjal-9190	909	45	controller	controller	NOUN
cjal-9190	909	46	disclosed	disclose	VERB
cjal-9190	909	47	in	in	ADP
cjal-9190	909	48	the	the	DET
cjal-9190	909	49	financial	financial	ADJ
cjal-9190	909	50	report	report	NOUN
cjal-9190	909	51	w	w	ADP
cjal-9190	909	52	as	as	SCONJ
cjal-9190	909	53	sa	sa	PROPN
cjal-9190	909	54	s	s	PROPN
cjal-9190	909	55	a	a	DET
cjal-9190	909	56	c	c	NOUN
cjal-9190	909	57	of	of	ADP
cjal-9190	909	58	g	g	PROPN
cjal-9190	909	59	overnm	overnm	PROPN
cjal-9190	909	60	ent	ent	PROPN
cjal-9190	909	61	of	of	ADP
cjal-9190	909	62	z	z	PROPN
cjal-9190	909	63	huhai	huhai	PROPN
cjal-9190	909	64	c	c	PROPN
cjal-9190	909	65	ity	ity	PROPN
cjal-9190	909	66	)	)	PUNCT
cjal-9190	909	67	g	g	NOUN
cjal-9190	909	68	ree	ree	NOUN
cjal-9190	909	69	e	e	PROPN
cjal-9190	909	70	lectric	lectric	PROPN
cjal-9190	909	71	a	a	DET
cjal-9190	909	72	ppliances	ppliances	PROPN
cjal-9190	909	73	inc	inc	PROPN
cjal-9190	909	74	.	.	PUNCT
cjal-9190	910	1	珠	珠	PROPN
cjal-9190	910	2	海	海	NOUN
cjal-9190	910	3	格	格	NOUN
cjal-9190	910	4	力	力	X
cjal-9190	910	5	电	电	X
cjal-9190	910	6	器	器	NOUN
cjal-9190	910	7	股	股	X
cjal-9190	910	8	份	份	X
cjal-9190	910	9	有	有	NUM
cjal-9190	910	10	限	限	PROPN
cjal-9190	910	11	公	公	PROPN
cjal-9190	910	12	司	司	NUM
cjal-9190	910	13	15	15	NUM
cjal-9190	910	14	2022	2022	NUM
cjal-9190	910	15	]	]	PUNCT
cjal-9190	910	16	columbia	columbia	PROPN
cjal-9190	910	17	journal	journal	PROPN
cjal-9190	910	18	of	of	ADP
cjal-9190	910	19	asian	asian	ADJ
cjal-9190	910	20	law	law	PROPN
cjal-9190	910	21	149	149	NUM
cjal-9190	910	22	succeeded	succeed	VERB
cjal-9190	910	23	fo	fo	ADP
cjal-9190	910	24	ii	ii	NOUN
cjal-9190	910	25	,	,	PUNCT
cjal-9190	910	26	s	s	VERB
cjal-9190	910	27	if	if	SCONJ
cjal-9190	910	28	firm	firm	ADJ
cjal-9190	910	29	shareholder	shareholder	NOUN
cjal-9190	910	30	proposal	proposal	NOUN
cjal-9190	910	31	j.v	j.v	PROPN
cjal-9190	910	32	.r	.r	PROPN
cjal-9190	910	33	international	international	PROPN
cjal-9190	910	34	r	r	PROPN
cjal-9190	910	35	ecom	ecom	PROPN
cjal-9190	910	36	m	m	PROPN
cjal-9190	910	37	end	end	VERB
cjal-9190	910	38	the	the	DET
cjal-9190	910	39	sale	sale	NOUN
cjal-9190	910	40	of	of	ADP
cjal-9190	910	41	its	its	PRON
cjal-9190	910	42	infants	infant	NOUN
cjal-9190	911	1	related	relate	VERB
cjal-9190	911	2	businesses	business	NOUN
cjal-9190	911	3	po	po	X
cjal-9190	911	4	e	e	PROPN
cjal-9190	911	5	b	b	PROPN
cjal-9190	911	6	eingm	eingm	PROPN
cjal-9190	911	7	ate	ate	NOUN
cjal-9190	911	8	b	b	PROPN
cjal-9190	911	9	aby	aby	PROPN
cjal-9190	911	10	&	&	CCONJ
cjal-9190	911	11	c	c	PROPN
cjal-9190	911	12	hild	hild	PROPN
cjal-9190	911	13	f	f	PROPN
cjal-9190	911	14	ood	ood	PROPN
cjal-9190	911	15	c	c	PROPN
cjal-9190	911	16	o.	o.	PROPN
cjal-9190	911	17	,	,	PUNCT
cjal-9190	911	18	l	l	NOUN
cjal-9190	911	19	td	td	NOUN
cjal-9190	911	20	.	.	PUNCT
cjal-9190	912	1	贝	贝	PRON
cjal-9190	913	1	因	因	NOUN
cjal-9190	913	2	美	美	X
cjal-9190	913	3	股	股	X
cjal-9190	913	4	份	份	X
cjal-9190	913	5	有	有	NUM
cjal-9190	913	6	限	限	PROPN
cjal-9190	913	7	公	公	PROPN
cjal-9190	913	8	司	司	NUM
cjal-9190	913	9	16	16	NUM
cjal-9190	913	10	s	s	NOUN
cjal-9190	913	11	ucceeded	ucceeded	ADJ
cjal-9190	913	12	p	p	X
cjal-9190	913	13	o	o	PROPN
cjal-9190	913	14	ii	ii	PROPN
cjal-9190	913	15	,	,	PUNCT
cjal-9190	913	16	s	s	VERB
cjal-9190	913	17	if	if	SCONJ
cjal-9190	913	18	firm	firm	ADJ
cjal-9190	913	19	,	,	PUNCT
cjal-9190	913	20	b	b	X
cjal-9190	913	21	ut	ut	PROPN
cjal-9190	913	22	the	the	DET
cjal-9190	913	23	governm	governm	PROPN
cjal-9190	913	24	ent	ent	NOUN
cjal-9190	913	25	of	of	ADP
cjal-9190	913	26	g	g	PROPN
cjal-9190	913	27	uangdong	uangdong	PROPN
cjal-9190	913	28	province	province	NOUN
cjal-9190	913	29	indirectly	indirectly	ADV
cjal-9190	913	30	held	hold	VERB
cjal-9190	913	31	37.7	37.7	NUM
cjal-9190	913	32	%	%	NOUN
cjal-9190	913	33	of	of	ADP
cjal-9190	913	34	the	the	DET
cjal-9190	913	35	shares	share	NOUN
cjal-9190	913	36	(	(	PUNCT
cjal-9190	913	37	e	e	NOUN
cjal-9190	913	38	f	f	X
cjal-9190	913	39	und	und	PROPN
cjal-9190	913	40	)	)	PUNCT
cjal-9190	913	41	p	p	X
cjal-9190	913	42	o	o	PROPN
cjal-9190	913	43	ii	ii	PROPN
cjal-9190	913	44	,	,	PUNCT
cjal-9190	913	45	sif	sif	PROPN
cjal-9190	913	46	firm	firm	NOUN
cjal-9190	913	47	(	(	PUNCT
cjal-9190	913	48	l	l	NOUN
cjal-9190	913	49	ion	ion	NOUN
cjal-9190	913	50	f	f	PROPN
cjal-9190	913	51	und	und	NOUN
cjal-9190	913	52	)	)	PUNCT
cjal-9190	913	53	e	e	NOUN
cjal-9190	913	54	xercise	xercise	NOUN
cjal-9190	913	55	of	of	ADP
cjal-9190	913	56	voting	voting	NOUN
cjal-9190	913	57	rights	right	NOUN
cjal-9190	913	58	p	p	NOUN
cjal-9190	913	59	revent	revent	ADJ
cjal-9190	913	60	governance	governance	NOUN
cjal-9190	913	61	change	change	NOUN
cjal-9190	913	62	e	e	X
cjal-9190	913	63	f	f	PROPN
cjal-9190	913	64	und	und	VERB
cjal-9190	913	65	m	m	PROPN
cjal-9190	913	66	anagem	anagem	PROPN
cjal-9190	913	67	ent	ent	PROPN
cjal-9190	913	68	易	易	X
cjal-9190	913	69	方	方	X
cjal-9190	913	70	达	达	X
cjal-9190	913	71	基	基	X
cjal-9190	913	72	金	金	X
cjal-9190	913	73	管	管	NOUN
cjal-9190	913	74	理	理	X
cjal-9190	913	75	有	有	NOUN
cjal-9190	913	76	限	限	PROPN
cjal-9190	913	77	公	公	PROPN
cjal-9190	913	78	司	司	X
cjal-9190	913	79	,	,	PUNCT
cjal-9190	913	80	l	l	NOUN
cjal-9190	913	81	ion	ion	NOUN
cjal-9190	913	82	fund	fund	NOUN
cjal-9190	913	83	m	m	PROPN
cjal-9190	913	84	anagem	anagem	PROPN
cjal-9190	913	85	ent	ent	PROPN
cjal-9190	913	86	诺	诺	PROPN
cjal-9190	913	87	安	安	X
cjal-9190	913	88	基	基	X
cjal-9190	913	89	金	金	X
cjal-9190	913	90	管	管	NOUN
cjal-9190	913	91	理	理	X
cjal-9190	913	92	有	有	NOUN
cjal-9190	913	93	限	限	PROPN
cjal-9190	913	94	公	公	PROPN
cjal-9190	913	95	司	司	NOUN
cjal-9190	913	96	and	and	CCONJ
cjal-9190	913	97	others	other	NOUN
cjal-9190	913	98	v	v	ADP
cjal-9190	913	99	eto	eto	NOUN
cjal-9190	913	100	the	the	DET
cjal-9190	913	101	proposal	proposal	NOUN
cjal-9190	913	102	for	for	ADP
cjal-9190	913	103	the	the	DET
cjal-9190	913	104	dism	dism	NOUN
cjal-9190	913	105	issal	issal	NOUN
cjal-9190	913	106	of	of	ADP
cjal-9190	913	107	the	the	DET
cjal-9190	913	108	general	general	ADJ
cjal-9190	913	109	m	m	PROPN
cjal-9190	913	110	anager	anager	NOUN
cjal-9190	914	1	p	p	X
cjal-9190	914	2	o	o	X
cjal-9190	914	3	e	e	X
cjal-9190	914	4	z	z	PROPN
cjal-9190	914	5	hejiang	hejiang	PROPN
cjal-9190	914	6	h	h	PROPN
cjal-9190	914	7	uahai	uahai	NOUN
cjal-9190	914	8	p	p	PRON
cjal-9190	914	9	harm	harm	NOUN
cjal-9190	914	10	aceutical	aceutical	ADJ
cjal-9190	914	11	c	c	PROPN
cjal-9190	914	12	o.	o.	NOUN
cjal-9190	914	13	,	,	PUNCT
cjal-9190	914	14	l	l	PROPN
cjal-9190	915	1	td	td	NOUN
cjal-9190	915	2	.	.	PUNCT
cjal-9190	916	1	浙	浙	PROPN
cjal-9190	917	1	江	江	ADP
cjal-9190	917	2	华	华	PROPN
cjal-9190	917	3	海	海	NOUN
cjal-9190	917	4	药	药	NOUN
cjal-9190	917	5	业	业	NOUN
cjal-9190	917	6	股	股	X
cjal-9190	917	7	份	份	X
cjal-9190	917	8	有	有	NUM
cjal-9190	917	9	限	限	PROPN
cjal-9190	917	10	公	公	PROPN
cjal-9190	917	11	司	司	SYM
cjal-9190	917	12	17	17	NUM
cjal-9190	917	13	150	150	NUM
cjal-9190	917	14	institutional	institutional	ADJ
cjal-9190	917	15	investors	investor	NOUN
cjal-9190	917	16	in	in	ADP
cjal-9190	917	17	china	china	PROPN
cjal-9190	917	18	[	[	X
cjal-9190	917	19	vol	vol	NOUN
cjal-9190	917	20	.	.	PUNCT
cjal-9190	917	21	35	35	NUM
cjal-9190	917	22	:	:	SYM
cjal-9190	917	23	74	74	NUM
cjal-9190	917	24	succeeded	succeed	VERB
cjal-9190	917	25	po	po	PROPN
cjal-9190	917	26	ii	ii	PROPN
cjal-9190	917	27	,	,	PUNCT
cjal-9190	917	28	s	s	VERB
cjal-9190	917	29	if	if	SCONJ
cjal-9190	917	30	firm	firm	ADJ
cjal-9190	917	31	(	(	PUNCT
cjal-9190	917	32	e	e	NOUN
cjal-9190	917	33	fund	fund	PROPN
cjal-9190	917	34	)	)	PUNCT
cjal-9190	917	35	po	po	PROPN
cjal-9190	917	36	ii	ii	PROPN
cjal-9190	917	37	,	,	PUNCT
cjal-9190	917	38	sif	sif	PROPN
cjal-9190	917	39	firm	firm	NOUN
cjal-9190	917	40	,	,	PUNCT
cjal-9190	917	41	b	b	PROPN
cjal-9190	917	42	ut	ut	PROPN
cjal-9190	917	43	sa	sa	PROPN
cjal-9190	917	44	s	s	PROPN
cjal-9190	917	45	a	a	DET
cjal-9190	917	46	c	c	NOUN
cjal-9190	917	47	of	of	ADP
cjal-9190	917	48	the	the	DET
cjal-9190	917	49	governm	governm	PROPN
cjal-9190	917	50	ent	ent	PROPN
cjal-9190	917	51	of	of	ADP
cjal-9190	917	52	s	s	NUM
cjal-9190	917	53	hanghai	hanghai	PROPN
cjal-9190	917	54	c	c	PROPN
cjal-9190	917	55	ity	ity	PROPN
cjal-9190	917	56	indirectly	indirectly	ADV
cjal-9190	917	57	held	hold	VERB
cjal-9190	917	58	11.2	11.2	NUM
cjal-9190	917	59	%	%	NOUN
cjal-9190	917	60	of	of	ADP
cjal-9190	917	61	the	the	DET
cjal-9190	917	62	shares	share	NOUN
cjal-9190	917	63	(	(	PUNCT
cjal-9190	917	64	h	h	NOUN
cjal-9190	917	65	uashang	uashang	PROPN
cjal-9190	917	66	f	f	PROPN
cjal-9190	917	67	und	und	PROPN
cjal-9190	917	68	)	)	PUNCT
cjal-9190	917	69	po	po	PROPN
cjal-9190	917	70	ii	ii	PROPN
cjal-9190	917	71	,	,	PUNCT
cjal-9190	917	72	s	s	VERB
cjal-9190	917	73	if	if	SCONJ
cjal-9190	917	74	firm	firm	ADJ
cjal-9190	917	75	,	,	PUNCT
cjal-9190	917	76	b	b	PROPN
cjal-9190	917	77	ut	ut	PROPN
cjal-9190	917	78	s	s	PROPN
cjal-9190	917	79	a	a	DET
cjal-9190	917	80	sa	sa	NOUN
cjal-9190	917	81	c	c	NOUN
cjal-9190	917	82	of	of	ADP
cjal-9190	917	83	the	the	DET
cjal-9190	917	84	governm	governm	PROPN
cjal-9190	917	85	ent	ent	NOUN
cjal-9190	917	86	of	of	ADP
cjal-9190	917	87	g	g	PROPN
cjal-9190	917	88	ansu	ansu	PROPN
cjal-9190	917	89	province	province	PROPN
cjal-9190	917	90	indirectly	indirectly	ADV
cjal-9190	917	91	held	hold	VERB
cjal-9190	917	92	12	12	NUM
cjal-9190	917	93	%	%	NOUN
cjal-9190	917	94	of	of	ADP
cjal-9190	917	95	the	the	DET
cjal-9190	917	96	shares	share	NOUN
cjal-9190	917	97	(	(	PUNCT
cjal-9190	917	98	c	c	NOUN
cjal-9190	917	99	hina	hina	NOUN
cjal-9190	917	100	u	u	NOUN
cjal-9190	917	101	niversal	niversal	ADJ
cjal-9190	917	102	a	a	DET
cjal-9190	917	103	sset	sset	NOUN
cjal-9190	917	104	)	)	PUNCT
cjal-9190	917	105	t	t	PROPN
cjal-9190	917	106	eam	eam	PROPN
cjal-9190	917	107	ing	ing	PROPN
cjal-9190	917	108	-	-	PUNCT
cjal-9190	917	109	up	up	NOUN
cjal-9190	917	110	w	w	PROPN
cjal-9190	917	111	ith	ith	PROPN
cjal-9190	917	112	other	other	ADJ
cjal-9190	917	113	institutional	institutional	ADJ
cjal-9190	917	114	investors	investor	NOUN
cjal-9190	917	115	e	e	PROPN
cjal-9190	917	116	fund	fund	PROPN
cjal-9190	917	117	m	m	PROPN
cjal-9190	917	118	anagem	anagem	PROPN
cjal-9190	917	119	ent	ent	PROPN
cjal-9190	917	120	易	易	X
cjal-9190	917	121	方	方	X
cjal-9190	917	122	达	达	X
cjal-9190	917	123	基	基	X
cjal-9190	917	124	金	金	X
cjal-9190	917	125	管	管	NOUN
cjal-9190	917	126	理	理	X
cjal-9190	917	127	有	有	NOUN
cjal-9190	917	128	限	限	PROPN
cjal-9190	917	129	公	公	PROPN
cjal-9190	917	130	司	司	PROPN
cjal-9190	917	131	;	;	PUNCT
cjal-9190	917	132	c	c	X
cjal-9190	917	133	hina	hina	NOUN
cjal-9190	917	134	u	u	PROPN
cjal-9190	917	135	niversal	niversal	ADJ
cjal-9190	917	136	a	a	DET
cjal-9190	917	137	sset	sset	ADJ
cjal-9190	917	138	m	m	NOUN
cjal-9190	917	139	anagem	anagem	PROPN
cjal-9190	917	140	ent	ent	PROPN
cjal-9190	917	141	汇	汇	PROPN
cjal-9190	917	142	添	添	X
cjal-9190	917	143	富	富	X
cjal-9190	917	144	基	基	SYM
cjal-9190	917	145	金	金	X
cjal-9190	917	146	管	管	NOUN
cjal-9190	917	147	理	理	X
cjal-9190	917	148	股	股	X
cjal-9190	917	149	份	份	X
cjal-9190	917	150	有	有	NUM
cjal-9190	917	151	限	限	PROPN
cjal-9190	917	152	公	公	PROPN
cjal-9190	917	153	司	司	PROPN
cjal-9190	917	154	;	;	PUNCT
cjal-9190	917	155	c	c	PROPN
cjal-9190	917	156	hina	hina	PROPN
cjal-9190	917	157	m	m	PROPN
cjal-9190	917	158	erchants	erchants	PROPN
cjal-9190	917	159	f	f	PROPN
cjal-9190	917	160	und	und	PROPN
cjal-9190	917	161	m	m	PROPN
cjal-9190	917	162	anagem	anagem	PROPN
cjal-9190	917	163	ent	ent	PROPN
cjal-9190	917	164	c	c	PROPN
cjal-9190	917	165	o.	o.	PROPN
cjal-9190	917	166	,	,	PUNCT
cjal-9190	917	167	l	l	PROPN
cjal-9190	917	168	td	td	NOUN
cjal-9190	917	169	.	.	PUNCT
cjal-9190	918	1	华	华	ADP
cjal-9190	918	2	商	商	X
cjal-9190	918	3	基	基	SYM
cjal-9190	918	4	金	金	X
cjal-9190	918	5	管	管	NOUN
cjal-9190	918	6	理	理	X
cjal-9190	918	7	有	有	NOUN
cjal-9190	918	8	限	限	PROPN
cjal-9190	918	9	公	公	PROPN
cjal-9190	918	10	司	司	PROPN
cjal-9190	918	11	selection	selection	NOUN
cjal-9190	918	12	and	and	CCONJ
cjal-9190	918	13	recom	recom	NOUN
cjal-9190	918	14	m	m	VERB
cjal-9190	918	15	endation	endation	NOUN
cjal-9190	918	16	of	of	ADP
cjal-9190	918	17	candidates	candidate	NOUN
cjal-9190	918	18	for	for	ADP
cjal-9190	918	19	the	the	DET
cjal-9190	918	20	board	board	NOUN
cjal-9190	918	21	of	of	ADP
cjal-9190	918	22	director	director	PROPN
cjal-9190	918	23	po	po	PROPN
cjal-9190	918	24	e	e	PROPN
cjal-9190	918	25	shanghai	shanghai	PROPN
cjal-9190	918	26	jahw	jahw	PROPN
cjal-9190	918	27	a	a	DET
cjal-9190	918	28	u	u	NOUN
cjal-9190	918	29	nited	nite	VERB
cjal-9190	918	30	c	c	PROPN
cjal-9190	918	31	o.	o.	NOUN
cjal-9190	918	32	,	,	PUNCT
cjal-9190	918	33	l	l	NOUN
cjal-9190	918	34	td	td	NOUN
cjal-9190	918	35	.	.	PUNCT
cjal-9190	919	1	上	上	X
cjal-9190	919	2	海	海	PRON
cjal-9190	919	3	家	家	NOUN
cjal-9190	919	4	化	化	X
cjal-9190	919	5	联	联	X
cjal-9190	919	6	合	合	X
cjal-9190	919	7	股	股	X
cjal-9190	919	8	份	份	X
cjal-9190	919	9	有	有	NUM
cjal-9190	919	10	限	限	PROPN
cjal-9190	919	11	公	公	PROPN
cjal-9190	919	12	司	司	PROPN
cjal-9190	919	13	2013	2013	NUM
cjal-9190	919	14	18	18	NUM
cjal-9190	919	15	succeeded	succeed	VERB
cjal-9190	919	16	po	po	PROPN
cjal-9190	919	17	ii	ii	PROPN
cjal-9190	919	18	,	,	PUNCT
cjal-9190	919	19	sif	sif	X
cjal-9190	919	20	firm	firm	NOUN
cjal-9190	919	21	e	e	PROPN
cjal-9190	919	22	xercise	xercise	NOUN
cjal-9190	919	23	of	of	ADP
cjal-9190	919	24	voting	voting	NOUN
cjal-9190	919	25	rights	right	NOUN
cjal-9190	919	26	fullgoal	fullgoal	PROPN
cjal-9190	919	27	fund	fund	PROPN
cjal-9190	919	28	富	富	PROPN
cjal-9190	919	29	国	国	PROPN
cjal-9190	919	30	基	基	NUM
cjal-9190	919	31	金	金	X
cjal-9190	919	32	管	管	NOUN
cjal-9190	919	33	理	理	X
cjal-9190	919	34	有	有	NOUN
cjal-9190	919	35	限	限	PROPN
cjal-9190	919	36	公	公	PROPN
cjal-9190	919	37	司	司	PROPN
cjal-9190	919	38	v	v	NUM
cjal-9190	919	39	eto	eto	NOUN
cjal-9190	919	40	the	the	DET
cjal-9190	919	41	proposal	proposal	NOUN
cjal-9190	919	42	for	for	ADP
cjal-9190	919	43	a	a	DET
cjal-9190	919	44	m	m	NOUN
cjal-9190	919	45	ajor	ajor	NOUN
cjal-9190	919	46	asset	asset	NOUN
cjal-9190	919	47	restructure	restructure	NOUN
cjal-9190	919	48	po	po	NOUN
cjal-9190	919	49	e	e	PROPN
cjal-9190	919	50	d	d	X
cjal-9190	919	51	ashang	ashang	PROPN
cjal-9190	919	52	c	c	PROPN
cjal-9190	919	53	o.	o.	PROPN
cjal-9190	919	54	,	,	PUNCT
cjal-9190	919	55	l	l	PROPN
cjal-9190	919	56	td	td	PROPN
cjal-9190	919	57	.	.	PUNCT
cjal-9190	919	58	大	大	PROPN
cjal-9190	919	59	商	商	X
cjal-9190	919	60	股	股	X
cjal-9190	919	61	份	份	X
cjal-9190	919	62	有	有	NUM
cjal-9190	919	63	限	限	PROPN
cjal-9190	919	64	公	公	PROPN
cjal-9190	919	65	司	司	SYM
cjal-9190	919	66	19	19	NUM
cjal-9190	919	67	failed	fail	VERB
cjal-9190	919	68	so	so	SCONJ
cjal-9190	919	69	ii	ii	PROPN
cjal-9190	919	70	,	,	PUNCT
cjal-9190	919	71	insurance	insurance	NOUN
cjal-9190	919	72	com	com	NOUN
cjal-9190	919	73	pany	pany	NOUN
cjal-9190	919	74	,	,	PUNCT
cjal-9190	919	75	m	m	VERB
cjal-9190	919	76	o	o	NOUN
cjal-9190	919	77	f	f	X
cjal-9190	919	78	indirectly	indirectly	ADV
cjal-9190	919	79	held	hold	VERB
cjal-9190	919	80	98	98	NUM
cjal-9190	919	81	%	%	NOUN
cjal-9190	919	82	of	of	ADP
cjal-9190	919	83	the	the	DET
cjal-9190	919	84	shares	share	NOUN
cjal-9190	919	85	shareholder	shareholder	NOUN
cjal-9190	919	86	proposal	proposal	NOUN
cjal-9190	919	87	g	g	PROPN
cjal-9190	919	88	overnance	overnance	NOUN
cjal-9190	919	89	change	change	VERB
cjal-9190	919	90	a	a	DET
cjal-9190	919	91	nbang	nbang	PROPN
cjal-9190	919	92	insurance	insurance	NOUN
cjal-9190	919	93	g	g	PROPN
cjal-9190	919	94	roup	roup	NOUN
cjal-9190	920	1	安	安	X
cjal-9190	920	2	邦	邦	NOUN
cjal-9190	920	3	保	保	X
cjal-9190	920	4	险	险	NOUN
cjal-9190	920	5	集	集	X
cjal-9190	920	6	团	团	X
cjal-9190	920	7	股	股	X
cjal-9190	920	8	份	份	X
cjal-9190	920	9	有	有	NUM
cjal-9190	920	10	限	限	PROPN
cjal-9190	920	11	公	公	PROPN
cjal-9190	920	12	司	司	PROPN
cjal-9190	920	13	n	n	PRON
cjal-9190	920	14	om	om	PROPN
cjal-9190	920	15	ination	ination	NOUN
cjal-9190	920	16	of	of	ADP
cjal-9190	920	17	candidates	candidate	NOUN
cjal-9190	920	18	for	for	ADP
cjal-9190	920	19	the	the	DET
cjal-9190	920	20	position	position	NOUN
cjal-9190	920	21	of	of	ADP
cjal-9190	920	22	non	non	ADJ
cjal-9190	920	23	-	-	ADJ
cjal-9190	920	24	executive	executive	ADJ
cjal-9190	920	25	director	director	NOUN
cjal-9190	920	26	po	po	X
cjal-9190	920	27	e	e	PROPN
cjal-9190	920	28	(	(	PUNCT
cjal-9190	920	29	but	but	CCONJ
cjal-9190	920	30	the	the	DET
cjal-9190	920	31	state	state	NOUN
cjal-9190	920	32	held	hold	VERB
cjal-9190	920	33	over	over	ADP
cjal-9190	920	34	30	30	NUM
cjal-9190	920	35	%	%	NOUN
cjal-9190	920	36	of	of	ADP
cjal-9190	920	37	the	the	DET
cjal-9190	920	38	shares	share	NOUN
cjal-9190	920	39	)	)	PUNCT
cjal-9190	920	40	c	c	PROPN
cjal-9190	920	41	hina	hina	PROPN
cjal-9190	920	42	m	m	PROPN
cjal-9190	920	43	erchants	erchants	PROPN
cjal-9190	920	44	b	b	PROPN
cjal-9190	920	45	ank	ank	PROPN
cjal-9190	920	46	招	招	PROPN
cjal-9190	920	47	商	商	X
cjal-9190	920	48	银	银	NOUN
cjal-9190	920	49	行	行	X
cjal-9190	920	50	股	股	X
cjal-9190	920	51	份	份	X
cjal-9190	920	52	有	有	NUM
cjal-9190	920	53	限	限	PROPN
cjal-9190	920	54	公	公	PROPN
cjal-9190	920	55	司	司	PROPN
cjal-9190	920	56	20	20	NUM
cjal-9190	920	57	2022	2022	NUM
cjal-9190	920	58	]	]	PUNCT
cjal-9190	920	59	columbia	columbia	PROPN
cjal-9190	920	60	journal	journal	PROPN
cjal-9190	920	61	of	of	ADP
cjal-9190	920	62	asian	asian	ADJ
cjal-9190	920	63	law	law	PROPN
cjal-9190	920	64	151	151	NUM
cjal-9190	920	65	succeeded	succeed	VERB
cjal-9190	920	66	so	so	ADV
cjal-9190	920	67	ii	ii	PROPN
cjal-9190	920	68	,	,	PUNCT
cjal-9190	920	69	sif	sif	PROPN
cjal-9190	920	70	firm	firm	NOUN
cjal-9190	920	71	s	s	VERB
cjal-9190	920	72	a	a	DET
cjal-9190	920	73	sa	sa	NOUN
cjal-9190	920	74	c	c	NOUN
cjal-9190	920	75	indirectly	indirectly	ADV
cjal-9190	920	76	held	hold	VERB
cjal-9190	920	77	57	57	NUM
cjal-9190	920	78	%	%	NOUN
cjal-9190	920	79	of	of	ADP
cjal-9190	920	80	the	the	DET
cjal-9190	920	81	shares	share	NOUN
cjal-9190	920	82	e	e	NOUN
cjal-9190	920	83	xercise	xercise	NOUN
cjal-9190	920	84	of	of	ADP
cjal-9190	920	85	voting	voting	NOUN
cjal-9190	920	86	rights	right	NOUN
cjal-9190	920	87	b	b	PROPN
cjal-9190	920	88	aoying	aoying	PROPN
cjal-9190	920	89	f	f	PROPN
cjal-9190	920	90	und	und	NOUN
cjal-9190	920	91	m	m	PROPN
cjal-9190	920	92	anagem	anagem	PROPN
cjal-9190	920	93	ent	ent	PROPN
cjal-9190	920	94	宝	宝	X
cjal-9190	920	95	盈	盈	PROPN
cjal-9190	920	96	基	基	X
cjal-9190	920	97	金	金	X
cjal-9190	920	98	管	管	NOUN
cjal-9190	920	99	理	理	X
cjal-9190	920	100	有	有	NOUN
cjal-9190	920	101	限	限	PROPN
cjal-9190	920	102	公	公	PROPN
cjal-9190	920	103	司	司	PROPN
cjal-9190	920	104	v	v	NUM
cjal-9190	920	105	eto	eto	NOUN
cjal-9190	920	106	the	the	DET
cjal-9190	920	107	proposal	proposal	NOUN
cjal-9190	920	108	regarding	regard	VERB
cjal-9190	920	109	the	the	DET
cjal-9190	920	110	activities	activity	NOUN
cjal-9190	920	111	constituting	constitute	VERB
cjal-9190	920	112	daily	daily	ADJ
cjal-9190	920	113	transactions	transaction	NOUN
cjal-9190	920	114	so	so	SCONJ
cjal-9190	920	115	e	e	X
cjal-9190	920	116	(	(	PUNCT
cjal-9190	920	117	the	the	DET
cjal-9190	920	118	actual	actual	ADJ
cjal-9190	920	119	controller	controller	NOUN
cjal-9190	920	120	disclosed	disclose	VERB
cjal-9190	920	121	in	in	ADP
cjal-9190	920	122	the	the	DET
cjal-9190	920	123	financial	financial	ADJ
cjal-9190	920	124	report	report	NOUN
cjal-9190	920	125	w	w	ADP
cjal-9190	920	126	as	as	ADP
cjal-9190	920	127	a	a	DET
cjal-9190	920	128	w	w	PROPN
cjal-9190	920	129	holly	holly	NOUN
cjal-9190	920	130	state	state	NOUN
cjal-9190	920	131	-	-	PUNCT
cjal-9190	920	132	ow	ow	PROPN
cjal-9190	920	133	ned	ned	ADJ
cjal-9190	920	134	enterprise	enterprise	NOUN
cjal-9190	920	135	)	)	PUNCT
cjal-9190	921	1	t	t	NOUN
cjal-9190	921	2	aiji	aiji	NOUN
cjal-9190	921	3	c	c	PROPN
cjal-9190	921	4	om	om	PROPN
cjal-9190	921	5	puter	puter	PROPN
cjal-9190	921	6	c	c	PROPN
cjal-9190	921	7	orporation	orporation	NOUN
cjal-9190	922	1	l	l	NOUN
cjal-9190	922	2	i	i	PRON
cjal-9190	922	3	m	m	AUX
cjal-9190	922	4	ited	ite	VERB
cjal-9190	922	5	太	太	X
cjal-9190	922	6	极	极	NOUN
cjal-9190	922	7	计	计	X
cjal-9190	922	8	算	算	X
cjal-9190	922	9	机	机	VERB
cjal-9190	922	10	股	股	X
cjal-9190	922	11	份	份	X
cjal-9190	922	12	有	有	NUM
cjal-9190	922	13	限	限	PROPN
cjal-9190	922	14	公	公	PROPN
cjal-9190	922	15	司	司	SYM
cjal-9190	922	16	2014	2014	NUM
cjal-9190	922	17	21	21	NUM
cjal-9190	922	18	s	s	VERB
cjal-9190	922	19	ucceeded	ucceeded	ADJ
cjal-9190	922	20	s	s	PROPN
cjal-9190	922	21	o	o	PROPN
cjal-9190	922	22	ii	ii	PROPN
cjal-9190	922	23	,	,	PUNCT
cjal-9190	922	24	insurance	insurance	NOUN
cjal-9190	922	25	com	com	NOUN
cjal-9190	922	26	pany	pany	NOUN
cjal-9190	922	27	,	,	PUNCT
cjal-9190	922	28	m	m	VERB
cjal-9190	922	29	o	o	NOUN
cjal-9190	922	30	f	f	X
cjal-9190	922	31	indirectly	indirectly	ADV
cjal-9190	922	32	held	hold	VERB
cjal-9190	922	33	98	98	NUM
cjal-9190	922	34	%	%	NOUN
cjal-9190	922	35	of	of	ADP
cjal-9190	922	36	the	the	DET
cjal-9190	922	37	shares	share	NOUN
cjal-9190	922	38	s	s	PART
cjal-9190	922	39	hareholder	harehold	ADJ
cjal-9190	922	40	proposal	proposal	NOUN
cjal-9190	922	41	g	g	PROPN
cjal-9190	922	42	overnance	overnance	NOUN
cjal-9190	922	43	change	change	VERB
cjal-9190	922	44	a	a	DET
cjal-9190	922	45	nbang	nbang	PROPN
cjal-9190	922	46	insurance	insurance	NOUN
cjal-9190	922	47	g	g	PROPN
cjal-9190	922	48	roup	roup	NOUN
cjal-9190	922	49	安	安	X
cjal-9190	922	50	邦	邦	NOUN
cjal-9190	922	51	保	保	X
cjal-9190	922	52	险	险	NOUN
cjal-9190	922	53	集	集	X
cjal-9190	922	54	团	团	X
cjal-9190	922	55	股	股	X
cjal-9190	922	56	份	份	X
cjal-9190	922	57	有	有	NUM
cjal-9190	922	58	限	限	PROPN
cjal-9190	922	59	公	公	PROPN
cjal-9190	922	60	司	司	PROPN
cjal-9190	922	61	n	n	PRON
cjal-9190	922	62	om	om	PROPN
cjal-9190	922	63	ination	ination	NOUN
cjal-9190	922	64	of	of	ADP
cjal-9190	922	65	candidates	candidate	NOUN
cjal-9190	922	66	for	for	ADP
cjal-9190	922	67	the	the	DET
cjal-9190	922	68	board	board	NOUN
cjal-9190	922	69	of	of	ADP
cjal-9190	922	70	directors	director	NOUN
cjal-9190	922	71	p	p	X
cjal-9190	922	72	o	o	X
cjal-9190	922	73	e	e	X
cjal-9190	922	74	c	c	PROPN
cjal-9190	922	75	hina	hina	PROPN
cjal-9190	922	76	m	m	PROPN
cjal-9190	922	77	insheng	insheng	PROPN
cjal-9190	922	78	b	b	PROPN
cjal-9190	922	79	ank	ank	PROPN
cjal-9190	922	80	中	中	PROPN
cjal-9190	922	81	国	国	PRON
cjal-9190	922	82	民	民	PROPN
cjal-9190	922	83	生	生	PROPN
cjal-9190	922	84	银	银	NOUN
cjal-9190	922	85	行	行	X
cjal-9190	922	86	股	股	X
cjal-9190	922	87	份	份	X
cjal-9190	922	88	有	有	NUM
cjal-9190	922	89	限	限	PROPN
cjal-9190	922	90	公	公	PROPN
cjal-9190	922	91	司	司	SYM
cjal-9190	922	92	22	22	NUM
cjal-9190	922	93	failed	fail	VERB
cjal-9190	922	94	po	po	PROPN
cjal-9190	922	95	ii	ii	PROPN
cjal-9190	922	96	,	,	PUNCT
cjal-9190	922	97	sif	sif	PROPN
cjal-9190	922	98	firm	firm	ADJ
cjal-9190	922	99	shareholder	shareholder	NOUN
cjal-9190	922	100	proposal	proposal	NOUN
cjal-9190	922	101	shanghai	shanghai	PROPN
cjal-9190	922	102	z	z	PROPN
cjal-9190	922	103	exi	exi	PROPN
cjal-9190	922	104	investm	investm	PROPN
cjal-9190	922	105	ent	ent	PROPN
cjal-9190	922	106	m	m	PROPN
cjal-9190	922	107	anagem	anagem	PROPN
cjal-9190	922	108	ent	ent	PROPN
cjal-9190	922	109	上	上	PROPN
cjal-9190	922	110	海	海	PROPN
cjal-9190	922	111	泽	泽	X
cjal-9190	922	112	熙	熙	PROPN
cjal-9190	922	113	投	投	ADP
cjal-9190	922	114	资	资	PROPN
cjal-9190	922	115	管	管	NOUN
cjal-9190	922	116	理	理	X
cjal-9190	923	1	有	有	NOUN
cjal-9190	923	2	限	限	PROPN
cjal-9190	923	3	公	公	PROPN
cjal-9190	923	4	司	司	PRON
cjal-9190	923	5	issue	issue	NOUN
cjal-9190	923	6	of	of	ADP
cjal-9190	923	7	bonus	bonus	NOUN
cjal-9190	923	8	shares	share	NOUN
cjal-9190	924	1	so	so	SCONJ
cjal-9190	924	2	e	e	X
cjal-9190	924	3	(	(	PUNCT
cjal-9190	924	4	the	the	DET
cjal-9190	924	5	actual	actual	ADJ
cjal-9190	924	6	controller	controller	NOUN
cjal-9190	924	7	disclosed	disclose	VERB
cjal-9190	924	8	in	in	ADP
cjal-9190	924	9	the	the	DET
cjal-9190	924	10	financial	financial	ADJ
cjal-9190	924	11	report	report	NOUN
cjal-9190	924	12	w	w	ADP
cjal-9190	924	13	as	as	SCONJ
cjal-9190	924	14	sa	sa	PROPN
cjal-9190	924	15	s	s	PROPN
cjal-9190	924	16	a	a	DET
cjal-9190	924	17	c	c	NOUN
cjal-9190	924	18	)	)	PUNCT
cjal-9190	924	19	g	g	PROPN
cjal-9190	924	20	uiz	uiz	NOUN
cjal-9190	924	21	hou	hou	PROPN
cjal-9190	924	22	q	q	PROPN
cjal-9190	924	23	iany	iany	NOUN
cjal-9190	925	1	uan	uan	PROPN
cjal-9190	926	1	p	p	PROPN
cjal-9190	927	1	ow	ow	INTJ
cjal-9190	927	2	er	er	INTJ
cjal-9190	927	3	c	c	NOUN
cjal-9190	927	4	o.	o.	PROPN
cjal-9190	927	5	,	,	PUNCT
cjal-9190	927	6	l	l	PROPN
cjal-9190	927	7	td	td	NOUN
cjal-9190	927	8	.	.	PUNCT
cjal-9190	928	1	贵	贵	PROPN
cjal-9190	929	1	州	州	ADP
cjal-9190	929	2	黔	黔	X
cjal-9190	929	3	源	源	X
cjal-9190	929	4	电	电	X
cjal-9190	929	5	力	力	X
cjal-9190	929	6	股	股	X
cjal-9190	929	7	份	份	X
cjal-9190	929	8	有	有	NUM
cjal-9190	929	9	限	限	PROPN
cjal-9190	929	10	公	公	PROPN
cjal-9190	929	11	司	司	SYM
cjal-9190	929	12	23	23	NUM
cjal-9190	929	13	152	152	NUM
cjal-9190	929	14	institutional	institutional	ADJ
cjal-9190	929	15	investors	investor	NOUN
cjal-9190	929	16	in	in	ADP
cjal-9190	929	17	china	china	PROPN
cjal-9190	929	18	[	[	X
cjal-9190	929	19	vol	vol	NOUN
cjal-9190	929	20	.	.	PUNCT
cjal-9190	929	21	35	35	NUM
cjal-9190	929	22	:	:	SYM
cjal-9190	929	23	74	74	NUM
cjal-9190	929	24	failed	fail	VERB
cjal-9190	929	25	po	po	PROPN
cjal-9190	929	26	ii	ii	PROPN
cjal-9190	929	27	,	,	PUNCT
cjal-9190	929	28	s	s	VERB
cjal-9190	929	29	if	if	SCONJ
cjal-9190	929	30	firm	firm	ADJ
cjal-9190	929	31	shareholder	shareholder	NOUN
cjal-9190	929	32	proposal	proposal	NOUN
cjal-9190	929	33	shanghai	shanghai	PROPN
cjal-9190	929	34	z	z	PROPN
cjal-9190	929	35	exi	exi	PROPN
cjal-9190	929	36	investm	investm	PROPN
cjal-9190	929	37	ent	ent	PROPN
cjal-9190	929	38	m	m	PROPN
cjal-9190	929	39	anagem	anagem	PROPN
cjal-9190	929	40	ent	ent	PROPN
cjal-9190	929	41	上	上	PROPN
cjal-9190	929	42	海	海	PROPN
cjal-9190	929	43	泽	泽	X
cjal-9190	929	44	熙	熙	PROPN
cjal-9190	929	45	投	投	ADP
cjal-9190	929	46	资	资	PROPN
cjal-9190	929	47	管	管	NOUN
cjal-9190	929	48	理	理	X
cjal-9190	929	49	有	有	NOUN
cjal-9190	929	50	限	限	PROPN
cjal-9190	929	51	公	公	PROPN
cjal-9190	929	52	司	司	PRON
cjal-9190	929	53	issue	issue	NOUN
cjal-9190	929	54	of	of	ADP
cjal-9190	929	55	bonus	bonus	NOUN
cjal-9190	929	56	shares	share	NOUN
cjal-9190	929	57	po	po	X
cjal-9190	929	58	e	e	NOUN
cjal-9190	929	59	n	n	CCONJ
cjal-9190	929	60	ingbo	ingbo	VERB
cjal-9190	929	61	u	u	NOUN
cjal-9190	929	62	nited	nite	VERB
cjal-9190	929	63	g	g	PROPN
cjal-9190	929	64	roup	roup	NOUN
cjal-9190	929	65	c	c	PROPN
cjal-9190	929	66	o.	o.	PROPN
cjal-9190	929	67	,	,	PUNCT
cjal-9190	929	68	l	l	PROPN
cjal-9190	929	69	td	td	PROPN
cjal-9190	929	70	.	.	PUNCT
cjal-9190	930	1	宁	宁	NUM
cjal-9190	930	2	波	波	NOUN
cjal-9190	930	3	联	联	NOUN
cjal-9190	930	4	合	合	X
cjal-9190	930	5	集	集	X
cjal-9190	930	6	团	团	X
cjal-9190	930	7	股	股	X
cjal-9190	930	8	份	份	X
cjal-9190	930	9	有	有	NUM
cjal-9190	930	10	限	限	PROPN
cjal-9190	930	11	公	公	PROPN
cjal-9190	930	12	司	司	PROPN
cjal-9190	930	13	24	24	NUM
cjal-9190	930	14	succeeded	succeed	VERB
cjal-9190	930	15	po	po	PROPN
cjal-9190	930	16	ii	ii	PROPN
cjal-9190	930	17	,	,	PUNCT
cjal-9190	930	18	s	s	VERB
cjal-9190	930	19	if	if	SCONJ
cjal-9190	930	20	firm	firm	ADJ
cjal-9190	930	21	shareholder	shareholder	NOUN
cjal-9190	930	22	proposal	proposal	NOUN
cjal-9190	930	23	g	g	PROPN
cjal-9190	930	24	overnance	overnance	NOUN
cjal-9190	930	25	change	change	VERB
cjal-9190	930	26	x	x	SYM
cjal-9190	930	27	izang	izang	PROPN
cjal-9190	930	28	z	z	PROPN
cjal-9190	930	29	exi	exi	PROPN
cjal-9190	930	30	investm	investm	PROPN
cjal-9190	930	31	ent	ent	PROPN
cjal-9190	930	32	m	m	PROPN
cjal-9190	930	33	anagem	anagem	PROPN
cjal-9190	930	34	ent	ent	PROPN
cjal-9190	930	35	西	西	PROPN
cjal-9190	930	36	藏	藏	PROPN
cjal-9190	930	37	泽	泽	X
cjal-9190	930	38	添	添	X
cjal-9190	930	39	投	投	PROPN
cjal-9190	930	40	资	资	NOUN
cjal-9190	930	41	发	发	NOUN
cjal-9190	930	42	展	展	X
cjal-9190	930	43	有	有	NOUN
cjal-9190	930	44	限	限	PROPN
cjal-9190	930	45	公	公	NOUN
cjal-9190	930	46	司	司	PUNCT
cjal-9190	930	47	r	r	NOUN
cjal-9190	930	48	e	e	NOUN
cjal-9190	930	49	-	-	NOUN
cjal-9190	930	50	election	election	NOUN
cjal-9190	930	51	of	of	ADP
cjal-9190	930	52	the	the	DET
cjal-9190	930	53	board	board	NOUN
cjal-9190	930	54	of	of	ADP
cjal-9190	930	55	directors	director	NOUN
cjal-9190	930	56	po	po	X
cjal-9190	930	57	e	e	NOUN
cjal-9190	930	58	n	n	CCONJ
cjal-9190	930	59	ingbo	ingbo	PROPN
cjal-9190	930	60	z	z	PROPN
cjal-9190	930	61	hongbai	hongbai	PROPN
cjal-9190	930	62	c	c	PROPN
cjal-9190	930	63	o.	o.	PROPN
cjal-9190	930	64	,	,	PUNCT
cjal-9190	930	65	l	l	PROPN
cjal-9190	930	66	td	td	PROPN
cjal-9190	930	67	.	.	PUNCT
cjal-9190	931	1	宁	宁	NUM
cjal-9190	931	2	波	波	NOUN
cjal-9190	931	3	中	中	NOUN
cjal-9190	931	4	百	百	X
cjal-9190	931	5	股	股	X
cjal-9190	931	6	份	份	X
cjal-9190	931	7	有	有	NUM
cjal-9190	931	8	限	限	PROPN
cjal-9190	931	9	公	公	PROPN
cjal-9190	931	10	司	司	PROPN
cjal-9190	931	11	25	25	NUM
cjal-9190	931	12	succeeded	succeed	VERB
cjal-9190	931	13	po	po	PROPN
cjal-9190	931	14	ii	ii	PROPN
cjal-9190	931	15	,	,	PUNCT
cjal-9190	931	16	sif	sif	PROPN
cjal-9190	931	17	firm	firm	NOUN
cjal-9190	931	18	,	,	PUNCT
cjal-9190	931	19	b	b	PROPN
cjal-9190	931	20	ut	ut	PROPN
cjal-9190	931	21	sa	sa	PROPN
cjal-9190	931	22	s	s	PROPN
cjal-9190	931	23	a	a	DET
cjal-9190	931	24	c	c	NOUN
cjal-9190	931	25	of	of	ADP
cjal-9190	931	26	the	the	DET
cjal-9190	931	27	governm	governm	PROPN
cjal-9190	931	28	ent	ent	PROPN
cjal-9190	931	29	of	of	ADP
cjal-9190	931	30	shenzhen	shenzhen	PROPN
cjal-9190	931	31	province	province	PROPN
cjal-9190	931	32	indirectly	indirectly	ADV
cjal-9190	931	33	held	hold	VERB
cjal-9190	931	34	22	22	NUM
cjal-9190	931	35	%	%	NOUN
cjal-9190	931	36	of	of	ADP
cjal-9190	931	37	the	the	DET
cjal-9190	931	38	shares	share	NOUN
cjal-9190	931	39	.	.	PUNCT
cjal-9190	932	1	e	e	X
cjal-9190	932	2	xercise	xercise	NOUN
cjal-9190	932	3	of	of	ADP
cjal-9190	932	4	voting	voting	NOUN
cjal-9190	932	5	rights	right	NOUN
cjal-9190	932	6	penghua	penghua	PROPN
cjal-9190	932	7	fund	fund	PROPN
cjal-9190	932	8	m	m	PROPN
cjal-9190	932	9	anagem	anagem	PROPN
cjal-9190	932	10	ent	ent	NOUN
cjal-9190	932	11	鹏	鹏	PROPN
cjal-9190	932	12	华	华	PROPN
cjal-9190	932	13	基	基	NUM
cjal-9190	932	14	金	金	X
cjal-9190	932	15	管	管	NOUN
cjal-9190	932	16	理	理	X
cjal-9190	932	17	有	有	NOUN
cjal-9190	932	18	限	限	PROPN
cjal-9190	932	19	公	公	PROPN
cjal-9190	932	20	司	司	NOUN
cjal-9190	932	21	and	and	CCONJ
cjal-9190	932	22	others	other	NOUN
cjal-9190	932	23	v	v	ADP
cjal-9190	932	24	eto	eto	PROPN
cjal-9190	932	25	the	the	DET
cjal-9190	932	26	proposal	proposal	NOUN
cjal-9190	932	27	of	of	ADP
cjal-9190	932	28	exem	exem	ADJ
cjal-9190	932	29	pting	pte	VERB
cjal-9190	932	30	the	the	DET
cjal-9190	932	31	com	com	NOUN
cjal-9190	932	32	pany	pany	NOUN
cjal-9190	932	33	’	'	PUNCT
cjal-9190	932	34	s	s	PART
cjal-9190	932	35	controlling	control	VERB
cjal-9190	932	36	shareholder	shareholder	NOUN
cjal-9190	932	37	’	'	PUNCT
cjal-9190	932	38	s	s	PART
cjal-9190	932	39	asset	asset	NOUN
cjal-9190	932	40	injection	injection	NOUN
cjal-9190	932	41	com	com	NOUN
cjal-9190	932	42	m	m	VERB
cjal-9190	932	43	itm	itm	PROPN
cjal-9190	932	44	ent	ent	PROPN
cjal-9190	932	45	po	po	PROPN
cjal-9190	932	46	e	e	PROPN
cjal-9190	932	47	h	h	PROPN
cjal-9190	932	48	uadong	uadong	PROPN
cjal-9190	932	49	m	m	PROPN
cjal-9190	932	50	edicine	edicine	PROPN
cjal-9190	932	51	c	c	PROPN
cjal-9190	932	52	o.	o.	PROPN
cjal-9190	932	53	,	,	PUNCT
cjal-9190	932	54	l	l	PROPN
cjal-9190	932	55	td	td	NOUN
cjal-9190	932	56	.	.	PUNCT
cjal-9190	933	1	华	华	PROPN
cjal-9190	933	2	东	东	NOUN
cjal-9190	933	3	医	医	PROPN
cjal-9190	933	4	药	药	NOUN
cjal-9190	933	5	股	股	X
cjal-9190	933	6	份	份	X
cjal-9190	933	7	有	有	NUM
cjal-9190	933	8	限	限	PROPN
cjal-9190	933	9	公	公	PROPN
cjal-9190	933	10	司	司	SYM
cjal-9190	933	11	26	26	NUM
cjal-9190	933	12	f	f	X
cjal-9190	933	13	ailed	ail	VERB
cjal-9190	933	14	p	p	PROPN
cjal-9190	933	15	o	o	PROPN
cjal-9190	933	16	ii	ii	PROPN
cjal-9190	933	17	,	,	PUNCT
cjal-9190	933	18	o	o	NOUN
cjal-9190	933	19	ther	ther	INTJ
cjal-9190	933	20	professional	professional	ADJ
cjal-9190	933	21	institution	institution	NOUN
cjal-9190	933	22	o	o	NOUN
cjal-9190	933	23	pen	pen	NOUN
cjal-9190	933	24	call	call	NOUN
cjal-9190	933	25	for	for	ADP
cjal-9190	933	26	voting	voting	NOUN
cjal-9190	933	27	rights	right	NOUN
cjal-9190	933	28	g	g	PROPN
cjal-9190	933	29	overnance	overnance	NOUN
cjal-9190	933	30	change	change	NOUN
cjal-9190	933	31	b	b	X
cjal-9190	933	32	eijing	eije	VERB
cjal-9190	933	33	z	z	NOUN
cjal-9190	933	34	hengm	hengm	PROPN
cjal-9190	933	35	ou	ou	PROPN
cjal-9190	933	36	m	m	PROPN
cjal-9190	933	37	anagem	anagem	PROPN
cjal-9190	933	38	ent	ent	PROPN
cjal-9190	933	39	c	c	PROPN
cjal-9190	933	40	onsulting	onsulting	PROPN
cjal-9190	933	41	c	c	PROPN
cjal-9190	933	42	o.	o.	PROPN
cjal-9190	933	43	,	,	PUNCT
cjal-9190	933	44	l	l	PROPN
cjal-9190	933	45	td	td	NOUN
cjal-9190	933	46	.	.	PUNCT
cjal-9190	934	1	北	北	PROPN
cjal-9190	935	1	京	京	PRON
cjal-9190	935	2	正	正	X
cjal-9190	935	3	谋	谋	ADP
cjal-9190	935	4	管	管	X
cjal-9190	935	5	理	理	X
cjal-9190	935	6	咨	咨	X
cjal-9190	935	7	询	询	X
cjal-9190	936	1	有	有	NOUN
cjal-9190	936	2	限	限	NOUN
cjal-9190	936	3	责	责	X
cjal-9190	936	4	任	任	PROPN
cjal-9190	936	5	公	公	X
cjal-9190	936	6	司	司	PRON
cjal-9190	936	7	s	s	NOUN
cjal-9190	936	8	election	election	NOUN
cjal-9190	936	9	and	and	CCONJ
cjal-9190	936	10	recom	recom	NOUN
cjal-9190	936	11	m	m	VERB
cjal-9190	936	12	endation	endation	NOUN
cjal-9190	936	13	of	of	ADP
cjal-9190	936	14	candidates	candidate	NOUN
cjal-9190	936	15	for	for	ADP
cjal-9190	936	16	the	the	DET
cjal-9190	936	17	board	board	NOUN
cjal-9190	936	18	of	of	ADP
cjal-9190	936	19	directors	director	NOUN
cjal-9190	936	20	and	and	CCONJ
cjal-9190	936	21	supervisors	supervisor	NOUN
cjal-9190	936	22	and	and	CCONJ
cjal-9190	936	23	auction	auction	VERB
cjal-9190	936	24	off	off	ADP
cjal-9190	936	25	som	som	PROPN
cjal-9190	936	26	e	e	PROPN
cjal-9190	936	27	of	of	ADP
cjal-9190	936	28	the	the	DET
cjal-9190	936	29	com	com	NOUN
cjal-9190	936	30	pany	pany	NOUN
cjal-9190	936	31	's	's	PART
cjal-9190	936	32	assets	asset	NOUN
cjal-9190	936	33	p	p	X
cjal-9190	936	34	o	o	X
cjal-9190	936	35	e	e	X
cjal-9190	936	36	s	s	PROPN
cjal-9190	936	37	hanghai	hanghai	PROPN
cjal-9190	936	38	a	a	DET
cjal-9190	936	39	iko	iko	PROPN
cjal-9190	936	40	solar	solar	PROPN
cjal-9190	936	41	e	e	PROPN
cjal-9190	936	42	nergy	nergy	PROPN
cjal-9190	936	43	c	c	PROPN
cjal-9190	936	44	o.	o.	PROPN
cjal-9190	936	45	,	,	PUNCT
cjal-9190	936	46	l	l	NOUN
cjal-9190	936	47	td	td	NOUN
cjal-9190	936	48	.	.	PUNCT
cjal-9190	937	1	上	上	X
cjal-9190	937	2	海	海	PRON
cjal-9190	937	3	爱	爱	NOUN
cjal-9190	937	4	旭	旭	ADP
cjal-9190	937	5	新	新	PROPN
cjal-9190	937	6	能	能	ADP
cjal-9190	937	7	源	源	NOUN
cjal-9190	937	8	股	股	X
cjal-9190	937	9	份	份	X
cjal-9190	937	10	有	有	NUM
cjal-9190	937	11	限	限	PROPN
cjal-9190	937	12	公	公	PROPN
cjal-9190	937	13	司	司	NUM
cjal-9190	937	14	27	27	NUM
cjal-9190	937	15	2022	2022	NUM
cjal-9190	937	16	]	]	PUNCT
cjal-9190	937	17	columbia	columbia	PROPN
cjal-9190	937	18	journal	journal	PROPN
cjal-9190	937	19	of	of	ADP
cjal-9190	937	20	asian	asian	ADJ
cjal-9190	937	21	law	law	PROPN
cjal-9190	937	22	153	153	NUM
cjal-9190	937	23	failed	fail	VERB
cjal-9190	937	24	po	po	PROPN
cjal-9190	937	25	ii	ii	PROPN
cjal-9190	937	26	,	,	PUNCT
cjal-9190	937	27	s	s	VERB
cjal-9190	937	28	if	if	SCONJ
cjal-9190	937	29	firm	firm	ADJ
cjal-9190	937	30	,	,	PUNCT
cjal-9190	937	31	b	b	X
cjal-9190	937	32	ut	ut	PROPN
cjal-9190	938	1	the	the	DET
cjal-9190	938	2	s	s	X
cjal-9190	938	3	tate	tate	PROPN
cjal-9190	938	4	c	c	PROPN
cjal-9190	938	5	ouncil	ouncil	PROPN
cjal-9190	938	6	indirectly	indirectly	ADV
cjal-9190	938	7	held	hold	VERB
cjal-9190	938	8	30.9	30.9	NUM
cjal-9190	938	9	%	%	NOUN
cjal-9190	938	10	of	of	ADP
cjal-9190	938	11	the	the	DET
cjal-9190	938	12	shares	share	NOUN
cjal-9190	938	13	shareholder	shareholder	NOUN
cjal-9190	938	14	proposal	proposal	PROPN
cjal-9190	938	15	h	h	PROPN
cjal-9190	938	16	ongta	ongta	PROPN
cjal-9190	939	1	h	h	PROPN
cjal-9190	939	2	otland	otland	VERB
cjal-9190	939	3	a	a	DET
cjal-9190	939	4	m	m	NOUN
cjal-9190	939	5	c	c	NOUN
cjal-9190	939	6	红	红	NOUN
cjal-9190	939	7	塔	塔	NOUN
cjal-9190	939	8	红	红	X
cjal-9190	939	9	土	土	PROPN
cjal-9190	939	10	基	基	SYM
cjal-9190	939	11	金	金	X
cjal-9190	939	12	管	管	NOUN
cjal-9190	939	13	理	理	X
cjal-9190	939	14	有	有	NOUN
cjal-9190	939	15	限	限	PROPN
cjal-9190	939	16	公	公	PROPN
cjal-9190	939	17	司	司	NOUN
cjal-9190	939	18	and	and	CCONJ
cjal-9190	939	19	others	other	NOUN
cjal-9190	939	20	proposed	propose	VERB
cjal-9190	939	21	to	to	PART
cjal-9190	939	22	revise	revise	VERB
cjal-9190	939	23	the	the	DET
cjal-9190	939	24	com	com	NOUN
cjal-9190	939	25	pany	pany	NOUN
cjal-9190	939	26	's	's	PART
cjal-9190	939	27	2013	2013	NUM
cjal-9190	939	28	annual	annual	ADJ
cjal-9190	939	29	profit	profit	NOUN
cjal-9190	939	30	distribution	distribution	NOUN
cjal-9190	939	31	plan	plan	NOUN
cjal-9190	939	32	so	so	SCONJ
cjal-9190	939	33	e	e	PROPN
cjal-9190	939	34	(	(	PUNCT
cjal-9190	939	35	the	the	DET
cjal-9190	939	36	actual	actual	ADJ
cjal-9190	939	37	controller	controller	NOUN
cjal-9190	939	38	disclosed	disclose	VERB
cjal-9190	939	39	in	in	ADP
cjal-9190	939	40	the	the	DET
cjal-9190	939	41	financial	financial	ADJ
cjal-9190	939	42	report	report	NOUN
cjal-9190	939	43	w	w	ADP
cjal-9190	939	44	as	as	SCONJ
cjal-9190	939	45	s	s	X
cjal-9190	939	46	a	a	DET
cjal-9190	939	47	s	s	NOUN
cjal-9190	939	48	a	a	DET
cjal-9190	939	49	c	c	NOUN
cjal-9190	939	50	of	of	ADP
cjal-9190	939	51	g	g	PROPN
cjal-9190	939	52	overnm	overnm	PROPN
cjal-9190	939	53	ent	ent	PROPN
cjal-9190	939	54	of	of	ADP
cjal-9190	939	55	a	a	DET
cjal-9190	939	56	nhui	nhui	NOUN
cjal-9190	939	57	province	province	NOUN
cjal-9190	939	58	)	)	PUNCT
cjal-9190	939	59	a	a	DET
cjal-9190	939	60	n	n	NOUN
cjal-9190	939	61	h	h	NOUN
cjal-9190	939	62	ui	ui	PROPN
cjal-9190	940	1	w	w	PROPN
cjal-9190	940	2	energy	energy	PROPN
cjal-9190	940	3	c	c	PROPN
cjal-9190	940	4	o.	o.	NOUN
cjal-9190	940	5	,	,	PUNCT
cjal-9190	940	6	l	l	NOUN
cjal-9190	940	7	td	td	NOUN
cjal-9190	940	8	.	.	PUNCT
cjal-9190	941	1	安	安	PRON
cjal-9190	941	2	徽	徽	VERB
cjal-9190	941	3	省	省	VERB
cjal-9190	941	4	皖	皖	X
cjal-9190	941	5	能	能	ADP
cjal-9190	941	6	股	股	X
cjal-9190	941	7	份	份	X
cjal-9190	941	8	有	有	NUM
cjal-9190	941	9	限	限	PROPN
cjal-9190	941	10	公	公	PROPN
cjal-9190	941	11	司	司	PROPN
cjal-9190	941	12	28	28	NUM
cjal-9190	941	13	s	s	PART
cjal-9190	941	14	ucceeded	ucceeded	ADJ
cjal-9190	941	15	p	p	X
cjal-9190	941	16	o	o	PROPN
cjal-9190	941	17	ii	ii	PROPN
cjal-9190	941	18	,	,	PUNCT
cjal-9190	941	19	private	private	ADJ
cjal-9190	941	20	equity	equity	NOUN
cjal-9190	941	21	firm	firm	NOUN
cjal-9190	941	22	h	h	PROPN
cjal-9190	941	23	eaven	eaven	PROPN
cjal-9190	941	24	-	-	PUNCT
cjal-9190	941	25	s	s	X
cjal-9190	942	1	ent	ent	NOUN
cjal-9190	942	2	c	c	PROPN
cjal-9190	942	3	apital	apital	PROPN
cjal-9190	942	4	m	m	PROPN
cjal-9190	942	5	anagem	anagem	PROPN
cjal-9190	942	6	ent	ent	PROPN
cjal-9190	942	7	g	g	PROPN
cjal-9190	942	8	roup	roup	PROPN
cjal-9190	942	9	c	c	PROPN
cjal-9190	942	10	o.	o.	PROPN
cjal-9190	942	11	,	,	PUNCT
cjal-9190	942	12	l	l	NOUN
cjal-9190	942	13	td	td	NOUN
cjal-9190	942	14	硅	硅	ADP
cjal-9190	942	15	谷	谷	X
cjal-9190	942	16	天	天	NOUN
cjal-9190	942	17	堂	堂	ADP
cjal-9190	942	18	产	产	X
cjal-9190	942	19	业	业	X
cjal-9190	942	20	集	集	X
cjal-9190	942	21	团	团	X
cjal-9190	942	22	股	股	X
cjal-9190	942	23	份	份	X
cjal-9190	942	24	有	有	NUM
cjal-9190	942	25	限	限	PROPN
cjal-9190	942	26	公	公	PROPN
cjal-9190	942	27	司	司	PUNCT
cjal-9190	942	28	e	e	X
cjal-9190	942	29	stablish	stablish	PROPN
cjal-9190	942	30	buyout	buyout	NOUN
cjal-9190	942	31	fund	fund	NOUN
cjal-9190	942	32	in	in	ADP
cjal-9190	942	33	cooperation	cooperation	NOUN
cjal-9190	942	34	w	w	PROPN
cjal-9190	942	35	ith	ith	PROPN
cjal-9190	943	1	the	the	DET
cjal-9190	943	2	investee	investee	NOUN
cjal-9190	943	3	com	com	NOUN
cjal-9190	943	4	pany	pany	NOUN
cjal-9190	943	5	p	p	X
cjal-9190	943	6	o	o	X
cjal-9190	943	7	e	e	NOUN
cjal-9190	943	8	t	t	NOUN
cjal-9190	943	9	ongw	ongw	PROPN
cjal-9190	943	10	ei	ei	PROPN
cjal-9190	943	11	c	c	PROPN
cjal-9190	943	12	o.	o.	PROPN
cjal-9190	943	13	,	,	PUNCT
cjal-9190	943	14	l	l	NOUN
cjal-9190	943	15	td	td	NOUN
cjal-9190	943	16	通	通	X
cjal-9190	943	17	威	威	X
cjal-9190	943	18	股	股	X
cjal-9190	943	19	份	份	X
cjal-9190	943	20	有	有	NUM
cjal-9190	943	21	限	限	PROPN
cjal-9190	943	22	公	公	PROPN
cjal-9190	943	23	司	司	SYM
cjal-9190	943	24	29	29	NUM
cjal-9190	943	25	succeeded	succeed	VERB
cjal-9190	943	26	po	po	PROPN
cjal-9190	943	27	ii	ii	PROPN
cjal-9190	943	28	,	,	PUNCT
cjal-9190	943	29	sif	sif	X
cjal-9190	943	30	firm	firm	NOUN
cjal-9190	943	31	o	o	NOUN
cjal-9190	943	32	pen	pen	NOUN
cjal-9190	943	33	call	call	NOUN
cjal-9190	943	34	for	for	ADP
cjal-9190	943	35	voting	voting	NOUN
cjal-9190	943	36	rights	right	NOUN
cjal-9190	943	37	v	v	ADP
cjal-9190	943	38	enus	enus	PROPN
cjal-9190	943	39	investm	investm	PROPN
cjal-9190	943	40	ent	ent	PROPN
cjal-9190	943	41	m	m	PROPN
cjal-9190	943	42	anagem	anagem	PROPN
cjal-9190	943	43	ent	ent	PROPN
cjal-9190	943	44	c	c	PROPN
cjal-9190	943	45	o.	o.	PROPN
cjal-9190	943	46	,	,	PUNCT
cjal-9190	943	47	l	l	PROPN
cjal-9190	943	48	td	td	NOUN
cjal-9190	943	49	.	.	PUNCT
cjal-9190	944	1	深	深	X
cjal-9190	944	2	圳	圳	ADP
cjal-9190	944	3	市	市	X
cjal-9190	944	4	明	明	PROPN
cjal-9190	944	5	曜	曜	PROPN
cjal-9190	944	6	投	投	ADP
cjal-9190	944	7	资	资	NOUN
cjal-9190	944	8	管	管	NOUN
cjal-9190	944	9	理	理	X
cjal-9190	944	10	有	有	NOUN
cjal-9190	944	11	限	限	PROPN
cjal-9190	944	12	公	公	PROPN
cjal-9190	944	13	司	司	PROPN
cjal-9190	944	14	v	v	NUM
cjal-9190	944	15	eto	eto	NOUN
cjal-9190	944	16	the	the	DET
cjal-9190	944	17	proposal	proposal	NOUN
cjal-9190	944	18	for	for	ADP
cjal-9190	944	19	extending	extend	VERB
cjal-9190	944	20	the	the	DET
cjal-9190	944	21	term	term	NOUN
cjal-9190	944	22	of	of	ADP
cjal-9190	944	23	com	com	NOUN
cjal-9190	944	24	m	m	PROPN
cjal-9190	944	25	itm	itm	PROPN
cjal-9190	944	26	ent	ent	NOUN
cjal-9190	944	27	so	so	SCONJ
cjal-9190	944	28	e	e	PROPN
cjal-9190	944	29	(	(	PUNCT
cjal-9190	944	30	the	the	DET
cjal-9190	944	31	actual	actual	ADJ
cjal-9190	944	32	controller	controller	NOUN
cjal-9190	944	33	disclosed	disclose	VERB
cjal-9190	944	34	in	in	ADP
cjal-9190	944	35	the	the	DET
cjal-9190	944	36	financial	financial	ADJ
cjal-9190	944	37	report	report	NOUN
cjal-9190	944	38	w	w	ADP
cjal-9190	944	39	as	as	SCONJ
cjal-9190	944	40	sa	sa	PROPN
cjal-9190	944	41	s	s	PROPN
cjal-9190	944	42	a	a	DET
cjal-9190	944	43	c	c	NOUN
cjal-9190	944	44	)	)	PUNCT
cjal-9190	944	45	fa	fa	PROPN
cjal-9190	945	1	w	w	PROPN
cjal-9190	945	2	jiefang	jiefang	PROPN
cjal-9190	945	3	g	g	PROPN
cjal-9190	945	4	roup	roup	PROPN
cjal-9190	945	5	c	c	PROPN
cjal-9190	945	6	o.	o.	PROPN
cjal-9190	945	7	,	,	PUNCT
cjal-9190	945	8	l	l	NOUN
cjal-9190	945	9	td	td	NOUN
cjal-9190	945	10	一	一	NOUN
cjal-9190	945	11	汽	汽	PROPN
cjal-9190	945	12	解	解	PRON
cjal-9190	945	13	放	放	NOUN
cjal-9190	945	14	集	集	X
cjal-9190	945	15	团	团	X
cjal-9190	945	16	股	股	X
cjal-9190	945	17	份	份	X
cjal-9190	945	18	有	有	NUM
cjal-9190	945	19	限	限	PROPN
cjal-9190	945	20	公	公	PROPN
cjal-9190	945	21	司	司	PROPN
cjal-9190	945	22	2016	2016	NUM
cjal-9190	945	23	30	30	NUM
cjal-9190	945	24	154	154	NUM
cjal-9190	945	25	institutional	institutional	ADJ
cjal-9190	945	26	investors	investor	NOUN
cjal-9190	945	27	in	in	ADP
cjal-9190	945	28	china	china	PROPN
cjal-9190	946	1	[	[	X
cjal-9190	946	2	vol	vol	NOUN
cjal-9190	946	3	.	.	PUNCT
cjal-9190	946	4	35	35	NUM
cjal-9190	946	5	:	:	SYM
cjal-9190	946	6	74	74	NUM
cjal-9190	946	7	failed	fail	VERB
cjal-9190	946	8	po	po	PROPN
cjal-9190	946	9	ii	ii	PROPN
cjal-9190	946	10	,	,	PUNCT
cjal-9190	946	11	s	s	VERB
cjal-9190	946	12	if	if	SCONJ
cjal-9190	946	13	firm	firm	ADJ
cjal-9190	946	14	(	(	PUNCT
cjal-9190	946	15	b	b	NOUN
cjal-9190	946	16	ao	ao	NOUN
cjal-9190	946	17	y	y	PROPN
cjal-9190	946	18	in	in	ADP
cjal-9190	946	19	c	c	PROPN
cjal-9190	946	20	huang	huang	PROPN
cjal-9190	946	21	y	y	PROPN
cjal-9190	946	22	ing	ing	PROPN
cjal-9190	946	23	)	)	PUNCT
cjal-9190	947	1	o	o	NOUN
cjal-9190	947	2	ther	ther	VERB
cjal-9190	947	3	professional	professional	ADJ
cjal-9190	947	4	institution	institution	NOUN
cjal-9190	947	5	(	(	PUNCT
cjal-9190	947	6	z	z	NOUN
cjal-9190	947	7	hao	hao	PROPN
cjal-9190	947	8	w	w	PROPN
cjal-9190	947	9	in	in	ADP
cjal-9190	947	10	)	)	PUNCT
cjal-9190	948	1	shareholder	shareholder	NOUN
cjal-9190	948	2	proposal	proposal	NOUN
cjal-9190	948	3	shanghai	shanghai	PROPN
cjal-9190	948	4	b	b	PROPN
cjal-9190	948	5	ao	ao	PROPN
cjal-9190	948	6	y	y	PROPN
cjal-9190	948	7	in	in	ADP
cjal-9190	948	8	c	c	PROPN
cjal-9190	948	9	huang	huang	PROPN
cjal-9190	948	10	y	y	PROPN
cjal-9190	948	11	ing	ing	PROPN
cjal-9190	948	12	investm	investm	PROPN
cjal-9190	948	13	ent	ent	PROPN
cjal-9190	948	14	m	m	PROPN
cjal-9190	948	15	anagem	anagem	PROPN
cjal-9190	948	16	ent	ent	PROPN
cjal-9190	948	17	c	c	PROPN
cjal-9190	948	18	o.	o.	PROPN
cjal-9190	948	19	,	,	PUNCT
cjal-9190	949	1	l	l	NOUN
cjal-9190	949	2	td	td	NOUN
cjal-9190	949	3	上	上	X
cjal-9190	949	4	海	海	NOUN
cjal-9190	949	5	宝	宝	X
cjal-9190	949	6	银	银	NOUN
cjal-9190	949	7	创	创	NOUN
cjal-9190	949	8	赢	赢	NOUN
cjal-9190	949	9	投	投	ADP
cjal-9190	949	10	资	资	NOUN
cjal-9190	949	11	管	管	NOUN
cjal-9190	949	12	理	理	X
cjal-9190	949	13	有	有	NOUN
cjal-9190	949	14	限	限	PROPN
cjal-9190	949	15	公	公	PROPN
cjal-9190	949	16	司	司	PROPN
cjal-9190	949	17	and	and	CCONJ
cjal-9190	949	18	shanghai	shanghai	PROPN
cjal-9190	950	1	z	z	PROPN
cjal-9190	950	2	hao	hao	PROPN
cjal-9190	951	1	w	w	PROPN
cjal-9190	951	2	in	in	ADP
cjal-9190	951	3	e	e	PROPN
cjal-9190	951	4	quity	quity	PROPN
cjal-9190	951	5	investm	investm	PROPN
cjal-9190	951	6	ent	ent	PROPN
cjal-9190	951	7	fund	fund	PROPN
cjal-9190	951	8	m	m	PROPN
cjal-9190	951	9	anagem	anagem	PROPN
cjal-9190	951	10	ent	ent	PROPN
cjal-9190	951	11	c	c	PROPN
cjal-9190	951	12	o.	o.	PROPN
cjal-9190	951	13	,	,	PUNCT
cjal-9190	951	14	l	l	NOUN
cjal-9190	951	15	td	td	NOUN
cjal-9190	951	16	.	.	PUNCT
cjal-9190	952	1	上	上	X
cjal-9190	952	2	海	海	PRON
cjal-9190	952	3	兆	兆	NOUN
cjal-9190	952	4	赢	赢	VERB
cjal-9190	952	5	资	资	X
cjal-9190	952	6	产	产	X
cjal-9190	952	7	管	管	NOUN
cjal-9190	952	8	理	理	X
cjal-9190	952	9	有	有	NOUN
cjal-9190	952	10	限	限	PROPN
cjal-9190	952	11	公	公	ADJ
cjal-9190	952	12	司	司	DET
cjal-9190	952	13	proposal	proposal	NOUN
cjal-9190	952	14	to	to	PART
cjal-9190	952	15	convert	convert	VERB
cjal-9190	952	16	the	the	DET
cjal-9190	952	17	com	com	NOUN
cjal-9190	952	18	pany	pany	NOUN
cjal-9190	952	19	’	'	PUNCT
cjal-9190	952	20	s	s	PART
cjal-9190	952	21	capital	capital	NOUN
cjal-9190	952	22	reserve	reserve	NOUN
cjal-9190	952	23	into	into	ADP
cjal-9190	952	24	share	share	NOUN
cjal-9190	952	25	capital	capital	NOUN
cjal-9190	952	26	po	po	PROPN
cjal-9190	952	27	e	e	PROPN
cjal-9190	952	28	y	y	PROPN
cjal-9190	952	29	inchuan	inchuan	PROPN
cjal-9190	952	30	x	x	PROPN
cjal-9190	953	1	inhua	inhua	PROPN
cjal-9190	953	2	c	c	PROPN
cjal-9190	953	3	om	om	PROPN
cjal-9190	953	4	m	m	PROPN
cjal-9190	953	5	ercial	ercial	ADJ
cjal-9190	953	6	(	(	PUNCT
cjal-9190	953	7	g	g	PROPN
cjal-9190	953	8	roup	roup	NOUN
cjal-9190	953	9	)	)	PUNCT
cjal-9190	953	10	c	c	PROPN
cjal-9190	953	11	o.	o.	NOUN
cjal-9190	953	12	,	,	PUNCT
cjal-9190	953	13	l	l	PROPN
cjal-9190	953	14	td	td	NOUN
cjal-9190	953	15	.	.	PUNCT
cjal-9190	954	1	银	银	PROPN
cjal-9190	955	1	川	川	ADP
cjal-9190	955	2	新	新	PROPN
cjal-9190	955	3	华	华	ADP
cjal-9190	955	4	百	百	X
cjal-9190	955	5	货	货	NOUN
cjal-9190	955	6	商	商	X
cjal-9190	955	7	业	业	X
cjal-9190	955	8	集	集	X
cjal-9190	955	9	团	团	X
cjal-9190	955	10	股	股	X
cjal-9190	955	11	份	份	X
cjal-9190	955	12	有	有	NUM
cjal-9190	955	13	限	限	PROPN
cjal-9190	955	14	公	公	PROPN
cjal-9190	955	15	司	司	SYM
cjal-9190	955	16	31	31	NUM
cjal-9190	955	17	succeeded	succeed	VERB
cjal-9190	955	18	so	so	ADV
cjal-9190	955	19	ii	ii	PROPN
cjal-9190	955	20	,	,	PUNCT
cjal-9190	955	21	securities	security	NOUN
cjal-9190	955	22	com	com	NOUN
cjal-9190	955	23	pany	pany	NOUN
cjal-9190	955	24	,	,	PUNCT
cjal-9190	955	25	sz	sz	PROPN
cjal-9190	955	26	se	se	X
cjal-9190	955	27	,	,	PUNCT
cjal-9190	955	28	s	s	X
cjal-9190	955	29	se	se	X
cjal-9190	955	30	and	and	CCONJ
cjal-9190	955	31	c	c	AUX
cjal-9190	955	32	sr	sr	PROPN
cjal-9190	955	33	c	c	PROPN
cjal-9190	955	34	held	hold	VERB
cjal-9190	955	35	81.3	81.3	NUM
cjal-9190	955	36	%	%	NOUN
cjal-9190	955	37	of	of	ADP
cjal-9190	955	38	the	the	DET
cjal-9190	955	39	shares	share	NOUN
cjal-9190	955	40	in	in	ADP
cjal-9190	955	41	total	total	ADJ
cjal-9190	955	42	e	e	NOUN
cjal-9190	955	43	xercise	xercise	NOUN
cjal-9190	955	44	of	of	ADP
cjal-9190	955	45	voting	voting	NOUN
cjal-9190	955	46	rights	right	NOUN
cjal-9190	956	1	c	c	PROPN
cjal-9190	956	2	hina	hina	NOUN
cjal-9190	956	3	securites	securite	NOUN
cjal-9190	956	4	f	f	PROPN
cjal-9190	956	5	inance	inance	NOUN
cjal-9190	956	6	c	c	PROPN
cjal-9190	956	7	o.	o.	PROPN
cjal-9190	956	8	,	,	PUNCT
cjal-9190	956	9	l	l	PROPN
cjal-9190	956	10	td	td	PROPN
cjal-9190	956	11	.	.	PUNCT
cjal-9190	957	1	中	中	VERB
cjal-9190	957	2	国	国	PRON
cjal-9190	957	3	证	证	X
cjal-9190	957	4	券	券	PROPN
cjal-9190	957	5	金	金	X
cjal-9190	957	6	融	融	X
cjal-9190	957	7	股	股	X
cjal-9190	957	8	份	份	X
cjal-9190	957	9	有	有	NUM
cjal-9190	957	10	限	限	PROPN
cjal-9190	957	11	公	公	PROPN
cjal-9190	957	12	司	司	PROPN
cjal-9190	957	13	v	v	NUM
cjal-9190	957	14	eto	eto	NOUN
cjal-9190	957	15	the	the	DET
cjal-9190	957	16	proposal	proposal	NOUN
cjal-9190	957	17	for	for	ADP
cjal-9190	957	18	acquiring	acquire	VERB
cjal-9190	957	19	z	z	PROPN
cjal-9190	957	20	huhai	huhai	PROPN
cjal-9190	957	21	y	y	PROPN
cjal-9190	957	22	inlong	inlong	PROPN
cjal-9190	957	23	e	e	PROPN
cjal-9190	957	24	lectric	lectric	PROPN
cjal-9190	957	25	a	a	DET
cjal-9190	957	26	ppliance	ppliance	NOUN
cjal-9190	957	27	c	c	NOUN
cjal-9190	957	28	o.	o.	NOUN
cjal-9190	957	29	,	,	PUNCT
cjal-9190	957	30	l	l	NOUN
cjal-9190	957	31	td	td	NOUN
cjal-9190	957	32	.	.	PUNCT
cjal-9190	958	1	so	so	ADV
cjal-9190	958	2	e	e	X
cjal-9190	958	3	(	(	PUNCT
cjal-9190	958	4	the	the	DET
cjal-9190	958	5	actual	actual	ADJ
cjal-9190	958	6	controller	controller	NOUN
cjal-9190	958	7	disclosed	disclose	VERB
cjal-9190	958	8	in	in	ADP
cjal-9190	958	9	the	the	DET
cjal-9190	958	10	financial	financial	ADJ
cjal-9190	958	11	report	report	NOUN
cjal-9190	958	12	w	w	ADP
cjal-9190	958	13	as	as	SCONJ
cjal-9190	958	14	s	s	PROPN
cjal-9190	958	15	a	a	DET
cjal-9190	958	16	sa	sa	NOUN
cjal-9190	958	17	c	c	NOUN
cjal-9190	958	18	of	of	ADP
cjal-9190	958	19	g	g	PROPN
cjal-9190	958	20	overnm	overnm	PROPN
cjal-9190	958	21	ent	ent	PROPN
cjal-9190	958	22	of	of	ADP
cjal-9190	958	23	z	z	PROPN
cjal-9190	958	24	huhai	huhai	PROPN
cjal-9190	958	25	c	c	PROPN
cjal-9190	958	26	ity	ity	PROPN
cjal-9190	958	27	)	)	PUNCT
cjal-9190	958	28	g	g	NOUN
cjal-9190	958	29	ree	ree	NOUN
cjal-9190	958	30	e	e	PROPN
cjal-9190	958	31	lectric	lectric	PROPN
cjal-9190	958	32	a	a	DET
cjal-9190	958	33	ppliances	ppliances	PROPN
cjal-9190	958	34	inc	inc	PROPN
cjal-9190	958	35	.	.	PUNCT
cjal-9190	959	1	珠	珠	PROPN
cjal-9190	959	2	海	海	NOUN
cjal-9190	959	3	格	格	NOUN
cjal-9190	959	4	力	力	X
cjal-9190	959	5	电	电	X
cjal-9190	959	6	器	器	NOUN
cjal-9190	959	7	股	股	X
cjal-9190	959	8	份	份	X
cjal-9190	959	9	有	有	NUM
cjal-9190	959	10	限	限	PROPN
cjal-9190	959	11	公	公	PROPN
cjal-9190	959	12	司	司	PRON
cjal-9190	959	13	32	32	NUM
cjal-9190	959	14	2022	2022	NUM
cjal-9190	959	15	]	]	PUNCT
cjal-9190	959	16	columbia	columbia	PROPN
cjal-9190	959	17	journal	journal	PROPN
cjal-9190	959	18	of	of	ADP
cjal-9190	959	19	asian	asian	ADJ
cjal-9190	959	20	law	law	PROPN
cjal-9190	959	21	155	155	NUM
cjal-9190	959	22	succeeded	succeed	VERB
cjal-9190	959	23	po	po	PROPN
cjal-9190	959	24	ii	ii	PROPN
cjal-9190	959	25	,	,	PUNCT
cjal-9190	959	26	g	g	PROPN
cjal-9190	959	27	eneral	eneral	ADJ
cjal-9190	959	28	legal	legal	ADJ
cjal-9190	959	29	persons	person	NOUN
cjal-9190	959	30	and	and	CCONJ
cjal-9190	959	31	non	non	ADJ
cjal-9190	959	32	-	-	ADJ
cjal-9190	959	33	legal	legal	ADJ
cjal-9190	959	34	-	-	PUNCT
cjal-9190	959	35	person	person	NOUN
cjal-9190	959	36	enterprises	enterprise	NOUN
cjal-9190	959	37	g	g	ADP
cjal-9190	959	38	eneral	eneral	ADJ
cjal-9190	959	39	offer	offer	NOUN
cjal-9190	959	40	to	to	ADP
cjal-9190	959	41	shareholders	shareholders	PROPN
cjal-9190	959	42	z	z	PROPN
cjal-9190	959	43	hem	hem	PROPN
cjal-9190	959	44	in	in	ADP
cjal-9190	959	45	t	t	PROPN
cjal-9190	959	46	ianhong	ianhong	PROPN
cjal-9190	959	47	investm	investm	PROPN
cjal-9190	959	48	ent	ent	PROPN
cjal-9190	959	49	partnership	partnership	PROPN
cjal-9190	959	50	(	(	PUNCT
cjal-9190	959	51	l	l	PROPN
cjal-9190	959	52	.p	.p	PROPN
cjal-9190	959	53	.	.	PUNCT
cjal-9190	959	54	)	)	PUNCT
cjal-9190	960	1	杭	杭	DET
cjal-9190	960	2	州	州	X
cjal-9190	960	3	浙	浙	X
cjal-9190	960	4	民	民	PROPN
cjal-9190	960	5	投	投	ADP
cjal-9190	960	6	天	天	X
cjal-9190	960	7	弘	弘	X
cjal-9190	960	8	投	投	ADP
cjal-9190	960	9	资	资	X
cjal-9190	960	10	合	合	PROPN
cjal-9190	960	11	伙	伙	X
cjal-9190	960	12	企	企	X
cjal-9190	960	13	业	业	X
cjal-9190	960	14	（	（	PUNCT
cjal-9190	960	15	有	有	NUM
cjal-9190	960	16	限	限	X
cjal-9190	960	17	合	合	X
cjal-9190	960	18	伙	伙	X
cjal-9190	960	19	）	）	PUNCT
cjal-9190	960	20	h	h	NOUN
cjal-9190	960	21	ostile	ostile	VERB
cjal-9190	960	22	takevoer	takevoer	PROPN
cjal-9190	960	23	po	po	PROPN
cjal-9190	960	24	e	e	X
cjal-9190	960	25	z	z	PROPN
cjal-9190	960	26	henxing	henxe	VERB
cjal-9190	960	27	b	b	PROPN
cjal-9190	960	28	iopharm	iopharm	NOUN
cjal-9190	960	29	aceutical	aceutical	PROPN
cjal-9190	960	30	&	&	CCONJ
cjal-9190	960	31	c	c	PROPN
cjal-9190	960	32	hem	hem	PROPN
cjal-9190	960	33	ical	ical	PROPN
cjal-9190	960	34	c	c	PROPN
cjal-9190	960	35	o.	o.	PROPN
cjal-9190	960	36	,	,	PUNCT
cjal-9190	960	37	l	l	NOUN
cjal-9190	960	38	td	td	NOUN
cjal-9190	960	39	.	.	PUNCT
cjal-9190	961	1	(	(	PUNCT
cjal-9190	961	2	now	now	ADV
cjal-9190	961	3	p	p	X
cjal-9190	961	4	acific	acific	PROPN
cjal-9190	961	5	shuanglin	shuanglin	PROPN
cjal-9190	961	6	b	b	PROPN
cjal-9190	961	7	io	io	PROPN
cjal-9190	961	8	-	-	PROPN
cjal-9190	961	9	pharm	pharm	PROPN
cjal-9190	961	10	acy	acy	PROPN
cjal-9190	961	11	c	c	PROPN
cjal-9190	961	12	o.	o.	PROPN
cjal-9190	961	13	,	,	PUNCT
cjal-9190	961	14	l	l	PROPN
cjal-9190	961	15	t	t	NOUN
cjal-9190	961	16	d	d	X
cjal-9190	961	17	派	派	PROPN
cjal-9190	961	18	斯	斯	PROPN
cjal-9190	961	19	双	双	NOUN
cjal-9190	961	20	林	林	ADP
cjal-9190	961	21	生	生	NOUN
cjal-9190	961	22	物	物	NOUN
cjal-9190	961	23	制	制	X
cjal-9190	961	24	药	药	NOUN
cjal-9190	961	25	股	股	X
cjal-9190	961	26	份	份	X
cjal-9190	961	27	有	有	NUM
cjal-9190	961	28	限	限	PROPN
cjal-9190	961	29	公	公	PROPN
cjal-9190	961	30	司	司	SYM
cjal-9190	961	31	2017	2017	NUM
cjal-9190	961	32	33	33	NUM
cjal-9190	961	33	succeeded	succeed	VERB
cjal-9190	961	34	po	po	PROPN
cjal-9190	961	35	ii	ii	PROPN
cjal-9190	961	36	,	,	PUNCT
cjal-9190	961	37	g	g	PROPN
cjal-9190	961	38	eneral	eneral	ADJ
cjal-9190	961	39	legal	legal	ADJ
cjal-9190	961	40	persons	person	NOUN
cjal-9190	961	41	and	and	CCONJ
cjal-9190	961	42	non	non	ADJ
cjal-9190	961	43	-	-	ADJ
cjal-9190	961	44	legal	legal	ADJ
cjal-9190	961	45	-	-	PUNCT
cjal-9190	961	46	person	person	NOUN
cjal-9190	961	47	enterprises	enterprise	NOUN
cjal-9190	961	48	l	l	PROPN
cjal-9190	961	49	itigation	itigation	NOUN
cjal-9190	961	50	b	b	PROPN
cjal-9190	961	51	eijing	eije	VERB
cjal-9190	961	52	y	y	PROPN
cjal-9190	961	53	ongxing	ongxe	VERB
cjal-9190	961	54	h	h	PROPN
cjal-9190	961	55	onsheng	onsheng	PROPN
cjal-9190	961	56	investm	investm	PROPN
cjal-9190	962	1	ent	ent	PROPN
cjal-9190	962	2	c	c	PROPN
cjal-9190	962	3	o.	o.	PROPN
cjal-9190	962	4	,	,	PUNCT
cjal-9190	962	5	l	l	PROPN
cjal-9190	962	6	td	td	PROPN
cjal-9190	962	7	.	.	PUNCT
cjal-9190	963	1	北	北	PROPN
cjal-9190	964	1	京	京	X
cjal-9190	964	2	永	永	X
cjal-9190	964	3	兴	兴	X
cjal-9190	964	4	鸿	鸿	NOUN
cjal-9190	964	5	升	升	NOUN
cjal-9190	964	6	投	投	ADP
cjal-9190	964	7	资	资	X
cjal-9190	964	8	有	有	NOUN
cjal-9190	964	9	限	限	PROPN
cjal-9190	964	10	公	公	PROPN
cjal-9190	964	11	司	司	PROPN
cjal-9190	964	12	sued	sue	VERB
cjal-9190	964	13	for	for	ADP
cjal-9190	964	14	the	the	DET
cjal-9190	964	15	civil	civil	ADJ
cjal-9190	964	16	tort	tort	NOUN
cjal-9190	964	17	of	of	ADP
cjal-9190	964	18	m	m	PROPN
cjal-9190	964	19	isrepresentation	isrepresentation	PROPN
cjal-9190	964	20	po	po	PROPN
cjal-9190	964	21	e	e	PROPN
cjal-9190	964	22	sinovel	sinovel	PROPN
cjal-9190	964	23	w	w	PROPN
cjal-9190	964	24	ind	ind	PROPN
cjal-9190	965	1	g	g	PROPN
cjal-9190	965	2	roup	roup	PROPN
cjal-9190	965	3	c	c	PROPN
cjal-9190	965	4	o.	o.	PROPN
cjal-9190	965	5	,	,	PUNCT
cjal-9190	965	6	l	l	PROPN
cjal-9190	965	7	td	td	NOUN
cjal-9190	965	8	.	.	PUNCT
cjal-9190	966	1	华	华	PROPN
cjal-9190	966	2	锐	锐	ADP
cjal-9190	966	3	风	风	X
cjal-9190	966	4	电	电	X
cjal-9190	966	5	科	科	ADP
cjal-9190	966	6	技	技	X
cjal-9190	966	7	（	（	PUNCT
cjal-9190	966	8	集	集	X
cjal-9190	966	9	团	团	X
cjal-9190	966	10	）	）	PUNCT
cjal-9190	966	11	股	股	X
cjal-9190	967	1	份	份	X
cjal-9190	967	2	有	有	PRON
cjal-9190	967	3	限	限	PROPN
cjal-9190	967	4	公	公	PROPN
cjal-9190	967	5	司	司	SYM
cjal-9190	967	6	34	34	NUM
cjal-9190	967	7	succeeded	succeed	VERB
cjal-9190	967	8	so	so	ADV
cjal-9190	967	9	ii	ii	PROPN
cjal-9190	967	10	,	,	PUNCT
cjal-9190	967	11	n	n	CCONJ
cjal-9190	967	12	on	on	ADP
cjal-9190	967	13	-	-	PUNCT
cjal-9190	967	14	profit	profit	NOUN
cjal-9190	967	15	financial	financial	ADJ
cjal-9190	967	16	institution	institution	NOUN
cjal-9190	967	17	,	,	PUNCT
cjal-9190	967	18	(	(	PUNCT
cjal-9190	967	19	under	under	ADP
cjal-9190	967	20	the	the	DET
cjal-9190	967	21	direct	direct	ADJ
cjal-9190	967	22	adm	adm	PROPN
cjal-9190	967	23	inistration	inistration	NOUN
cjal-9190	967	24	of	of	ADP
cjal-9190	967	25	c	c	PROPN
cjal-9190	967	26	s	s	NOUN
cjal-9190	967	27	r	r	NOUN
cjal-9190	967	28	c	c	NOUN
cjal-9190	967	29	)	)	PUNCT
cjal-9190	967	30	l	l	NOUN
cjal-9190	967	31	itigation	itigation	NOUN
cjal-9190	967	32	c	c	PROPN
cjal-9190	967	33	hina	hina	PROPN
cjal-9190	967	34	s	s	PROPN
cjal-9190	967	35	ecurities	ecuritie	NOUN
cjal-9190	967	36	investor	investor	NOUN
cjal-9190	967	37	s	s	PART
cjal-9190	967	38	ervices	ervice	NOUN
cjal-9190	967	39	c	c	AUX
cjal-9190	967	40	enter	enter	VERB
cjal-9190	967	41	中	中	NOUN
cjal-9190	967	42	证	证	NOUN
cjal-9190	967	43	中	中	NOUN
cjal-9190	967	44	小	小	PRON
cjal-9190	967	45	投	投	NOUN
cjal-9190	967	46	资	资	X
cjal-9190	967	47	者	者	VERB
cjal-9190	967	48	服	服	PUNCT
cjal-9190	967	49	务	务	NOUN
cjal-9190	967	50	中	中	NOUN
cjal-9190	967	51	心	心	VERB
cjal-9190	967	52	有	有	NOUN
cjal-9190	967	53	限	限	NOUN
cjal-9190	967	54	责	责	NOUN
cjal-9190	967	55	任	任	PROPN
cjal-9190	967	56	公	公	PROPN
cjal-9190	967	57	司	司	PRON
cjal-9190	967	58	sued	sue	VERB
cjal-9190	967	59	to	to	PART
cjal-9190	967	60	void	void	VERB
cjal-9190	967	61	the	the	DET
cjal-9190	967	62	resolution	resolution	NOUN
cjal-9190	967	63	of	of	ADP
cjal-9190	967	64	shareholders	shareholder	NOUN
cjal-9190	967	65	m	m	AUX
cjal-9190	967	66	eeting	eete	VERB
cjal-9190	967	67	po	po	PROPN
cjal-9190	967	68	e	e	PROPN
cjal-9190	967	69	shanghai	shanghai	PROPN
cjal-9190	967	70	h	h	PROPN
cjal-9190	967	71	ile	ile	PROPN
cjal-9190	967	72	b	b	PROPN
cjal-9190	967	73	io	io	PROPN
cjal-9190	967	74	-	-	PROPN
cjal-9190	967	75	t	t	PROPN
cjal-9190	967	76	echnology	echnology	NOUN
cjal-9190	967	77	c	c	PROPN
cjal-9190	967	78	o.	o.	PROPN
cjal-9190	967	79	,	,	PUNCT
cjal-9190	967	80	l	l	NOUN
cjal-9190	967	81	td	td	NOUN
cjal-9190	967	82	.	.	PUNCT
cjal-9190	968	1	上	上	X
cjal-9190	969	1	海	海	NOUN
cjal-9190	969	2	海	海	NOUN
cjal-9190	969	3	利	利	NOUN
cjal-9190	969	4	生	生	VERB
cjal-9190	969	5	物	物	NOUN
cjal-9190	969	6	技	技	X
cjal-9190	969	7	术	术	X
cjal-9190	969	8	股	股	X
cjal-9190	969	9	份	份	X
cjal-9190	969	10	有	有	NUM
cjal-9190	969	11	限	限	PROPN
cjal-9190	969	12	公	公	PROPN
cjal-9190	969	13	司	司	SYM
cjal-9190	969	14	35	35	NUM
cjal-9190	969	15	156	156	NUM
cjal-9190	969	16	institutional	institutional	ADJ
cjal-9190	969	17	investors	investor	NOUN
cjal-9190	969	18	in	in	ADP
cjal-9190	969	19	china	china	PROPN
cjal-9190	970	1	[	[	X
cjal-9190	970	2	vol	vol	NOUN
cjal-9190	970	3	.	.	PUNCT
cjal-9190	970	4	35	35	NUM
cjal-9190	970	5	:	:	SYM
cjal-9190	970	6	74	74	NUM
cjal-9190	970	7	failed	fail	VERB
cjal-9190	970	8	po	po	PROPN
cjal-9190	970	9	ii	ii	PROPN
cjal-9190	970	10	,	,	PUNCT
cjal-9190	970	11	p	p	PROPN
cjal-9190	970	12	rivate	rivate	PROPN
cjal-9190	970	13	equity	equity	NOUN
cjal-9190	970	14	fund	fund	NOUN
cjal-9190	970	15	shareholder	shareholder	NOUN
cjal-9190	970	16	proposal	proposal	NOUN
cjal-9190	970	17	g	g	PROPN
cjal-9190	970	18	overnance	overnance	PROPN
cjal-9190	970	19	change	change	NOUN
cjal-9190	971	1	shenzhen	shenzhen	PROPN
cjal-9190	971	2	h	h	PROPN
cjal-9190	972	1	uitong	uitong	PROPN
cjal-9190	972	2	z	z	PROPN
cjal-9190	972	3	hengyuan	hengyuan	PROPN
cjal-9190	972	4	p	p	PROPN
cjal-9190	972	5	rivate	rivate	ADJ
cjal-9190	972	6	e	e	PROPN
cjal-9190	972	7	quity	quity	NOUN
cjal-9190	972	8	investm	investm	PROPN
cjal-9190	972	9	ent	ent	PROPN
cjal-9190	972	10	f	f	PROPN
cjal-9190	972	11	und	und	PROPN
cjal-9190	972	12	partnership	partnership	NOUN
cjal-9190	972	13	e	e	PROPN
cjal-9190	972	14	nterprise	nterprise	PROPN
cjal-9190	972	15	l	l	NOUN
cjal-9190	972	16	.p	.p	PROPN
cjal-9190	972	17	.	.	PUNCT
cjal-9190	973	1	深	深	X
cjal-9190	973	2	圳	圳	ADP
cjal-9190	973	3	市	市	PRON
cjal-9190	973	4	汇	汇	PROPN
cjal-9190	973	5	通	通	X
cjal-9190	973	6	正	正	X
cjal-9190	973	7	源	源	NOUN
cjal-9190	973	8	股	股	X
cjal-9190	973	9	权	权	X
cjal-9190	973	10	投	投	ADP
cjal-9190	973	11	资	资	NUM
cjal-9190	973	12	基	基	NOUN
cjal-9190	973	13	金	金	X
cjal-9190	973	14	合	合	X
cjal-9190	973	15	伙	伙	X
cjal-9190	973	16	企	企	X
cjal-9190	973	17	业	业	X
cjal-9190	973	18	（	（	PUNCT
cjal-9190	973	19	有	有	NUM
cjal-9190	973	20	限	限	X
cjal-9190	973	21	合	合	X
cjal-9190	973	22	伙	伙	PROPN
cjal-9190	973	23	）	）	PROPN
cjal-9190	973	24	proposed	propose	VERB
cjal-9190	973	25	to	to	ADP
cjal-9190	973	26	dism	dism	PROPN
cjal-9190	973	27	iss	iss	PROPN
cjal-9190	973	28	the	the	DET
cjal-9190	973	29	chairm	chairm	NOUN
cjal-9190	973	30	an	an	PRON
cjal-9190	973	31	of	of	ADP
cjal-9190	973	32	the	the	DET
cjal-9190	973	33	board	board	NOUN
cjal-9190	973	34	po	po	PROPN
cjal-9190	973	35	e	e	PROPN
cjal-9190	973	36	shenzhen	shenzhen	PROPN
cjal-9190	973	37	sunrise	sunrise	VERB
cjal-9190	973	38	n	n	PRON
cjal-9190	973	39	ew	ew	NOUN
cjal-9190	973	40	e	e	PROPN
cjal-9190	973	41	nergy	nergy	PROPN
cjal-9190	973	42	c	c	PROPN
cjal-9190	973	43	o.	o.	PROPN
cjal-9190	973	44	,	,	PUNCT
cjal-9190	973	45	l	l	PROPN
cjal-9190	973	46	td	td	NOUN
cjal-9190	973	47	.	.	PUNCT
cjal-9190	974	1	深	深	X
cjal-9190	974	2	圳	圳	ADP
cjal-9190	974	3	市	市	ADP
cjal-9190	974	4	兆	兆	PROPN
cjal-9190	974	5	新	新	PROPN
cjal-9190	974	6	能	能	ADP
cjal-9190	974	7	源	源	NOUN
cjal-9190	974	8	股	股	X
cjal-9190	974	9	份	份	X
cjal-9190	974	10	有	有	NUM
cjal-9190	974	11	限	限	PROPN
cjal-9190	974	12	公	公	PROPN
cjal-9190	974	13	司	司	SYM
cjal-9190	974	14	2019	2019	NUM
cjal-9190	974	15	36	36	NUM
cjal-9190	974	16	f	f	NOUN
cjal-9190	974	17	ailed	ail	VERB
cjal-9190	974	18	s	s	PROPN
cjal-9190	974	19	o	o	PROPN
cjal-9190	974	20	ii	ii	PROPN
cjal-9190	974	21	,	,	PUNCT
cjal-9190	974	22	subsidiary	subsidiary	NOUN
cjal-9190	974	23	of	of	ADP
cjal-9190	974	24	state	state	NOUN
cjal-9190	974	25	-	-	PUNCT
cjal-9190	974	26	ow	ow	PROPN
cjal-9190	974	27	ned	ned	ADJ
cjal-9190	974	28	insurance	insurance	NOUN
cjal-9190	974	29	com	com	NOUN
cjal-9190	974	30	pany	pany	NOUN
cjal-9190	974	31	,	,	PUNCT
cjal-9190	974	32	the	the	DET
cjal-9190	974	33	state	state	NOUN
cjal-9190	974	34	c	c	PROPN
cjal-9190	974	35	ouncil	ouncil	PROPN
cjal-9190	974	36	indirectly	indirectly	ADV
cjal-9190	974	37	held	hold	VERB
cjal-9190	974	38	69	69	NUM
cjal-9190	974	39	%	%	NOUN
cjal-9190	974	40	of	of	ADP
cjal-9190	974	41	the	the	DET
cjal-9190	974	42	shares	share	NOUN
cjal-9190	974	43	(	(	PUNCT
cjal-9190	974	44	c	c	PROPN
cjal-9190	974	45	hina	hina	PROPN
cjal-9190	974	46	l	l	PROPN
cjal-9190	974	47	ife	ife	PROPN
cjal-9190	974	48	insurance	insurance	NOUN
cjal-9190	974	49	s	s	PART
cjal-9190	974	50	ecurity	ecurity	NOUN
cjal-9190	974	51	f	f	PROPN
cjal-9190	974	52	und	und	VERB
cjal-9190	974	53	m	m	PROPN
cjal-9190	974	54	anagem	anagem	PROPN
cjal-9190	974	55	ent	ent	NOUN
cjal-9190	974	56	)	)	PUNCT
cjal-9190	974	57	p	p	X
cjal-9190	974	58	o	o	PROPN
cjal-9190	974	59	ii	ii	PROPN
cjal-9190	974	60	,	,	PUNCT
cjal-9190	974	61	subsidiary	subsidiary	NOUN
cjal-9190	974	62	of	of	ADP
cjal-9190	974	63	state	state	NOUN
cjal-9190	974	64	-	-	PUNCT
cjal-9190	974	65	ow	ow	INTJ
cjal-9190	974	66	ned	ned	NOUN
cjal-9190	974	67	com	com	NOUN
cjal-9190	974	68	m	m	PROPN
cjal-9190	974	69	ercial	ercial	PROPN
cjal-9190	974	70	bank	bank	NOUN
cjal-9190	974	71	,	,	PUNCT
cjal-9190	974	72	b	b	PROPN
cjal-9190	975	1	ut	ut	PROPN
cjal-9190	976	1	the	the	DET
cjal-9190	976	2	s	s	X
cjal-9190	976	3	tate	tate	PROPN
cjal-9190	976	4	c	c	PROPN
cjal-9190	976	5	ouncil	ouncil	PROPN
cjal-9190	976	6	indirectly	indirectly	ADV
cjal-9190	976	7	held	hold	VERB
cjal-9190	976	8	37	37	NUM
cjal-9190	976	9	%	%	NOUN
cjal-9190	976	10	of	of	ADP
cjal-9190	976	11	the	the	DET
cjal-9190	976	12	shares	share	NOUN
cjal-9190	976	13	(	(	PUNCT
cjal-9190	976	14	c	c	PROPN
cjal-9190	976	15	c	c	PROPN
cjal-9190	976	16	b	b	PROPN
cjal-9190	976	17	principal	principal	NOUN
cjal-9190	976	18	a	a	DET
cjal-9190	976	19	sset	sset	ADJ
cjal-9190	976	20	m	m	NOUN
cjal-9190	976	21	anagem	anagem	NOUN
cjal-9190	976	22	ent	ent	NOUN
cjal-9190	976	23	)	)	PUNCT
cjal-9190	976	24	p	p	X
cjal-9190	976	25	o	o	PROPN
cjal-9190	976	26	ii	ii	PROPN
cjal-9190	976	27	,	,	PUNCT
cjal-9190	976	28	subsidiary	subsidiary	NOUN
cjal-9190	976	29	of	of	ADP
cjal-9190	976	30	state	state	NOUN
cjal-9190	976	31	-	-	PUNCT
cjal-9190	976	32	ow	ow	PROPN
cjal-9190	976	33	ned	ned	PROPN
cjal-9190	976	34	trust	trust	NOUN
cjal-9190	976	35	com	com	NOUN
cjal-9190	976	36	pany	pany	NOUN
cjal-9190	976	37	,	,	PUNCT
cjal-9190	976	38	b	b	PROPN
cjal-9190	977	1	ut	ut	PROPN
cjal-9190	978	1	the	the	DET
cjal-9190	978	2	g	g	PROPN
cjal-9190	978	3	overnm	overnm	PROPN
cjal-9190	978	4	ent	ent	PROPN
cjal-9190	978	5	of	of	ADP
cjal-9190	978	6	b	b	PROPN
cjal-9190	978	7	eijing	eije	VERB
cjal-9190	978	8	c	c	NOUN
cjal-9190	978	9	ity	ity	NOUN
cjal-9190	978	10	indirectly	indirectly	ADV
cjal-9190	978	11	held	hold	VERB
cjal-9190	978	12	20	20	NUM
cjal-9190	978	13	%	%	NOUN
cjal-9190	978	14	of	of	ADP
cjal-9190	978	15	the	the	DET
cjal-9190	978	16	shares	share	NOUN
cjal-9190	978	17	(	(	PUNCT
cjal-9190	978	18	b	b	X
cjal-9190	978	19	eixin	eixin	PROPN
cjal-9190	978	20	r	r	PROPN
cjal-9190	978	21	uifeng	uifeng	PROPN
cjal-9190	978	22	fund	fund	PROPN
cjal-9190	978	23	m	m	PROPN
cjal-9190	978	24	anagem	anagem	PROPN
cjal-9190	978	25	ent	ent	PROPN
cjal-9190	978	26	)	)	PUNCT
cjal-9190	978	27	t	t	PROPN
cjal-9190	978	28	eam	eam	PROPN
cjal-9190	978	29	ing	ing	PROPN
cjal-9190	978	30	-	-	PUNCT
cjal-9190	978	31	up	up	NOUN
cjal-9190	978	32	w	w	PROPN
cjal-9190	978	33	ith	ith	PROPN
cjal-9190	979	1	other	other	ADJ
cjal-9190	979	2	institutional	institutional	ADJ
cjal-9190	979	3	investors	investor	NOUN
cjal-9190	979	4	s	s	PART
cjal-9190	979	5	hareholder	harehold	ADJ
cjal-9190	979	6	proposal	proposal	NOUN
cjal-9190	979	7	c	c	PROPN
cjal-9190	979	8	hina	hina	PROPN
cjal-9190	979	9	l	l	PROPN
cjal-9190	979	10	ife	ife	PROPN
cjal-9190	979	11	insurance	insurance	NOUN
cjal-9190	979	12	security	security	NOUN
cjal-9190	979	13	f	f	PROPN
cjal-9190	979	14	und	und	VERB
cjal-9190	979	15	m	m	PROPN
cjal-9190	979	16	anagem	anagem	PROPN
cjal-9190	979	17	ent	ent	NOUN
cjal-9190	979	18	国	国	PROPN
cjal-9190	979	19	寿	寿	ADP
cjal-9190	979	20	安	安	X
cjal-9190	979	21	保	保	PROPN
cjal-9190	979	22	基	基	X
cjal-9190	979	23	金	金	X
cjal-9190	979	24	管	管	NOUN
cjal-9190	979	25	理	理	X
cjal-9190	979	26	有	有	NOUN
cjal-9190	979	27	限	限	PROPN
cjal-9190	979	28	公	公	PROPN
cjal-9190	979	29	司	司	PROPN
cjal-9190	979	30	;	;	PUNCT
cjal-9190	979	31	c	c	PROPN
cjal-9190	979	32	c	c	PROPN
cjal-9190	979	33	b	b	PROPN
cjal-9190	979	34	p	p	X
cjal-9190	979	35	rincipal	rincipal	NOUN
cjal-9190	979	36	a	a	DET
cjal-9190	979	37	sset	sset	NOUN
cjal-9190	979	38	m	m	NOUN
cjal-9190	979	39	anagem	anagem	NOUN
cjal-9190	979	40	ent	ent	NOUN
cjal-9190	979	41	建	建	SCONJ
cjal-9190	979	42	信	信	PROPN
cjal-9190	979	43	基	基	X
cjal-9190	979	44	金	金	X
cjal-9190	979	45	管	管	NOUN
cjal-9190	979	46	理	理	X
cjal-9190	979	47	有	有	NOUN
cjal-9190	979	48	限	限	PROPN
cjal-9190	979	49	责	责	X
cjal-9190	979	50	任	任	PROPN
cjal-9190	979	51	公	公	PROPN
cjal-9190	979	52	司	司	NOUN
cjal-9190	979	53	;	;	PUNCT
cjal-9190	980	1	b	b	X
cjal-9190	980	2	eixin	eixin	NOUN
cjal-9190	980	3	r	r	PROPN
cjal-9190	980	4	uifeng	uifeng	PROPN
cjal-9190	980	5	f	f	PROPN
cjal-9190	980	6	und	und	PROPN
cjal-9190	980	7	m	m	PROPN
cjal-9190	980	8	anagem	anagem	PROPN
cjal-9190	980	9	ent	ent	NOUN
cjal-9190	980	10	北	北	X
cjal-9190	980	11	信	信	PROPN
cjal-9190	980	12	瑞	瑞	NOUN
cjal-9190	980	13	丰	丰	PRON
cjal-9190	980	14	基	基	NOUN
cjal-9190	980	15	金	金	X
cjal-9190	980	16	管	管	NOUN
cjal-9190	980	17	理	理	X
cjal-9190	980	18	有	有	NOUN
cjal-9190	980	19	限	限	PROPN
cjal-9190	980	20	公	公	VERB
cjal-9190	980	21	司	司	PROPN
cjal-9190	980	22	p	p	PROPN
cjal-9190	980	23	roposed	ropose	VERB
cjal-9190	980	24	to	to	ADP
cjal-9190	980	25	dism	dism	PROPN
cjal-9190	980	26	iss	iss	PROPN
cjal-9190	980	27	several	several	ADJ
cjal-9190	980	28	directors	director	NOUN
cjal-9190	980	29	p	p	X
cjal-9190	980	30	o	o	X
cjal-9190	980	31	e	e	X
cjal-9190	980	32	e	e	X
cjal-9190	980	33	lec	lec	PROPN
cjal-9190	980	34	-	-	PUNCT
cjal-9190	980	35	t	t	PROPN
cjal-9190	980	36	ech	ech	PROPN
cjal-9190	980	37	international	international	PROPN
cjal-9190	980	38	c	c	PROPN
cjal-9190	980	39	o.	o.	PROPN
cjal-9190	980	40	,	,	PUNCT
cjal-9190	980	41	l	l	NOUN
cjal-9190	980	42	td	td	NOUN
cjal-9190	980	43	.	.	PUNCT
cjal-9190	981	1	安	安	X
cjal-9190	981	2	徽	徽	VERB
cjal-9190	981	3	德	德	NOUN
cjal-9190	981	4	豪	豪	X
cjal-9190	981	5	润	润	PROPN
cjal-9190	981	6	达	达	X
cjal-9190	981	7	电	电	X
cjal-9190	981	8	气	气	X
cjal-9190	981	9	股	股	PROPN
cjal-9190	981	10	份	份	X
cjal-9190	981	11	有	有	NUM
cjal-9190	981	12	限	限	PROPN
cjal-9190	981	13	公	公	PROPN
cjal-9190	981	14	司	司	X
cjal-9190	981	15	37	37	NUM
cjal-9190	981	16	2022	2022	NUM
cjal-9190	981	17	]	]	PUNCT
cjal-9190	981	18	columbia	columbia	PROPN
cjal-9190	981	19	journal	journal	PROPN
cjal-9190	981	20	of	of	ADP
cjal-9190	981	21	asian	asian	ADJ
cjal-9190	981	22	law	law	PROPN
cjal-9190	981	23	157	157	NUM
cjal-9190	981	24	succeeded	succeed	VERB
cjal-9190	981	25	so	so	ADV
cjal-9190	981	26	ii	ii	PROPN
cjal-9190	981	27	,	,	PUNCT
cjal-9190	981	28	g	g	PROPN
cjal-9190	981	29	eneral	eneral	ADJ
cjal-9190	981	30	legal	legal	ADJ
cjal-9190	981	31	persons	person	NOUN
cjal-9190	981	32	and	and	CCONJ
cjal-9190	981	33	non	non	ADJ
cjal-9190	981	34	-	-	ADJ
cjal-9190	981	35	legal	legal	ADJ
cjal-9190	981	36	-	-	PUNCT
cjal-9190	981	37	person	person	NOUN
cjal-9190	981	38	enterprises	enterprise	NOUN
cjal-9190	981	39	,	,	PUNCT
cjal-9190	981	40	sa	sa	PROPN
cjal-9190	981	41	sa	sa	PROPN
cjal-9190	981	42	c	c	PROPN
cjal-9190	981	43	held	hold	VERB
cjal-9190	981	44	100	100	NUM
cjal-9190	981	45	%	%	NOUN
cjal-9190	981	46	of	of	ADP
cjal-9190	981	47	the	the	DET
cjal-9190	981	48	shares	share	NOUN
cjal-9190	981	49	l	l	NOUN
cjal-9190	981	50	itigation	itigation	NOUN
cjal-9190	981	51	c	c	NOUN
cjal-9190	981	52	r	r	NOUN
cjal-9190	981	53	r	r	NOUN
cjal-9190	981	54	c	c	PROPN
cjal-9190	981	55	jinzheng	jinzheng	PROPN
cjal-9190	981	56	investm	investm	PROPN
cjal-9190	981	57	ent	ent	PROPN
cjal-9190	981	58	c	c	PROPN
cjal-9190	981	59	o.	o.	PROPN
cjal-9190	981	60	,	,	PUNCT
cjal-9190	981	61	l	l	PROPN
cjal-9190	981	62	td	td	PROPN
cjal-9190	981	63	.	.	PUNCT
cjal-9190	982	1	中	中	NOUN
cjal-9190	982	2	车	车	NOUN
cjal-9190	983	1	金	金	X
cjal-9190	983	2	证	证	ADP
cjal-9190	983	3	投	投	NOUN
cjal-9190	983	4	资	资	NOUN
cjal-9190	983	5	有	有	NOUN
cjal-9190	983	6	限	限	PROPN
cjal-9190	983	7	公	公	PROPN
cjal-9190	983	8	司	司	PROPN
cjal-9190	983	9	sued	sue	VERB
cjal-9190	983	10	for	for	ADP
cjal-9190	983	11	the	the	DET
cjal-9190	983	12	civil	civil	ADJ
cjal-9190	983	13	tort	tort	NOUN
cjal-9190	983	14	of	of	ADP
cjal-9190	983	15	m	m	PROPN
cjal-9190	984	1	isrepresentation	isrepresentation	PROPN
cjal-9190	984	2	po	po	PROPN
cjal-9190	984	3	e	e	PROPN
cjal-9190	984	4	jiangsu	jiangsu	PROPN
cjal-9190	984	5	p	p	PROPN
cjal-9190	984	6	rotruly	rotruly	ADV
cjal-9190	984	7	v	v	ADP
cjal-9190	984	8	ision	ision	NOUN
cjal-9190	984	9	t	t	PROPN
cjal-9190	984	10	echnology	echnology	NOUN
cjal-9190	984	11	g	g	PROPN
cjal-9190	984	12	roup	roup	NOUN
cjal-9190	984	13	c	c	PROPN
cjal-9190	984	14	o.	o.	PROPN
cjal-9190	984	15	,	,	PUNCT
cjal-9190	984	16	l	l	NOUN
cjal-9190	984	17	td	td	NOUN
cjal-9190	984	18	.	.	PUNCT
cjal-9190	985	1	江	江	ADP
cjal-9190	985	2	苏	苏	ADP
cjal-9190	985	3	保	保	X
cjal-9190	985	4	千	千	PROPN
cjal-9190	985	5	里	里	PRON
cjal-9190	985	6	视	视	X
cjal-9190	985	7	像	像	ADP
cjal-9190	985	8	科	科	X
cjal-9190	985	9	技	技	PRON
cjal-9190	985	10	集	集	X
cjal-9190	985	11	团	团	X
cjal-9190	985	12	股	股	X
cjal-9190	985	13	份	份	X
cjal-9190	985	14	有	有	NUM
cjal-9190	985	15	限	限	PROPN
cjal-9190	985	16	公	公	PROPN
cjal-9190	985	17	司	司	SYM
cjal-9190	985	18	38	38	NUM
cjal-9190	985	19	succeeded	succeed	VERB
cjal-9190	985	20	po	po	PROPN
cjal-9190	985	21	ii	ii	PROPN
cjal-9190	985	22	,	,	PUNCT
cjal-9190	985	23	private	private	ADJ
cjal-9190	985	24	equity	equity	NOUN
cjal-9190	985	25	firm	firm	NOUN
cjal-9190	985	26	shareholder	shareholder	NOUN
cjal-9190	985	27	proposal	proposal	NOUN
cjal-9190	985	28	g	g	PROPN
cjal-9190	985	29	overnance	overnance	PROPN
cjal-9190	985	30	change	change	VERB
cjal-9190	985	31	pan	pan	PROPN
cjal-9190	985	32	jing	jing	PROPN
cjal-9190	985	33	equity	equity	PROPN
cjal-9190	985	34	investm	investm	PROPN
cjal-9190	985	35	ent	ent	PROPN
cjal-9190	985	36	fund	fund	PROPN
cjal-9190	985	37	m	m	PROPN
cjal-9190	985	38	anagem	anagem	PROPN
cjal-9190	985	39	ent	ent	PROPN
cjal-9190	985	40	(	(	PUNCT
cjal-9190	985	41	shanghai	shanghai	PROPN
cjal-9190	985	42	)	)	PUNCT
cjal-9190	985	43	co.	co.	PROPN
cjal-9190	985	44	,	,	PUNCT
cjal-9190	985	45	l	l	PROPN
cjal-9190	985	46	t	t	NOUN
cjal-9190	986	1	d	d	X
cjal-9190	986	2	磐	磐	X
cjal-9190	986	3	京	京	PROPN
cjal-9190	986	4	股	股	X
cjal-9190	986	5	权	权	X
cjal-9190	986	6	投	投	ADP
cjal-9190	986	7	资	资	NUM
cjal-9190	986	8	基	基	NOUN
cjal-9190	986	9	金	金	X
cjal-9190	986	10	管	管	NOUN
cjal-9190	986	11	理	理	X
cjal-9190	986	12	（	（	PUNCT
cjal-9190	986	13	上	上	X
cjal-9190	986	14	海	海	X
cjal-9190	986	15	）	）	PUNCT
cjal-9190	987	1	有	有	PRON
cjal-9190	987	2	限	限	PROPN
cjal-9190	987	3	公	公	PROPN
cjal-9190	987	4	司	司	PROPN
cjal-9190	987	5	proposed	propose	VERB
cjal-9190	987	6	to	to	ADP
cjal-9190	987	7	dism	dism	PROPN
cjal-9190	987	8	iss	iss	PROPN
cjal-9190	987	9	the	the	DET
cjal-9190	987	10	form	form	NOUN
cjal-9190	987	11	er	er	INTJ
cjal-9190	987	12	chairm	chairm	VERB
cjal-9190	987	13	an	an	DET
cjal-9190	987	14	and	and	CCONJ
cjal-9190	987	15	vice	vice	NOUN
cjal-9190	987	16	chairm	chairm	NOUN
cjal-9190	987	17	an	an	PRON
cjal-9190	987	18	of	of	ADP
cjal-9190	987	19	the	the	DET
cjal-9190	987	20	com	com	NOUN
cjal-9190	987	21	pany	pany	NOUN
cjal-9190	987	22	so	so	SCONJ
cjal-9190	987	23	e	e	X
cjal-9190	987	24	(	(	PUNCT
cjal-9190	987	25	the	the	DET
cjal-9190	987	26	actual	actual	ADJ
cjal-9190	987	27	controller	controller	NOUN
cjal-9190	987	28	disclosed	disclose	VERB
cjal-9190	987	29	in	in	ADP
cjal-9190	987	30	the	the	DET
cjal-9190	987	31	financial	financial	ADJ
cjal-9190	987	32	report	report	NOUN
cjal-9190	987	33	w	w	ADP
cjal-9190	987	34	as	as	ADP
cjal-9190	987	35	d	d	PROPN
cjal-9190	987	36	alian	alian	NOUN
cjal-9190	987	37	x	x	SYM
cjal-9190	987	38	inghai	inghai	PROPN
cjal-9190	987	39	b	b	PROPN
cjal-9190	987	40	ay	ay	PROPN
cjal-9190	987	41	d	d	PROPN
cjal-9190	987	42	evelopm	evelopm	NOUN
cjal-9190	987	43	ent	ent	NOUN
cjal-9190	987	44	and	and	CCONJ
cjal-9190	988	1	c	c	PROPN
cjal-9190	988	2	onstruction	onstruction	NOUN
cjal-9190	988	3	m	m	VERB
cjal-9190	988	4	anagem	anagem	PROPN
cjal-9190	988	5	ent	ent	PROPN
cjal-9190	988	6	c	c	PROPN
cjal-9190	988	7	entre	entre	PROPN
cjal-9190	988	8	)	)	PUNCT
cjal-9190	989	1	d	d	PROPN
cjal-9190	989	2	alian	alian	ADJ
cjal-9190	989	3	sunasia	sunasia	PROPN
cjal-9190	989	4	t	t	PROPN
cjal-9190	989	5	ourism	ourism	NOUN
cjal-9190	989	6	h	h	NOUN
cjal-9190	989	7	olding	olde	VERB
cjal-9190	989	8	c	c	PROPN
cjal-9190	989	9	o.	o.	PROPN
cjal-9190	989	10	,	,	PUNCT
cjal-9190	989	11	l	l	PROPN
cjal-9190	989	12	td	td	PROPN
cjal-9190	989	13	.	.	PROPN
cjal-9190	989	14	大	大	PROPN
cjal-9190	990	1	连	连	PROPN
cjal-9190	990	2	圣	圣	X
cjal-9190	990	3	亚	亚	PRON
cjal-9190	990	4	旅	旅	NOUN
cjal-9190	990	5	游	游	X
cjal-9190	990	6	控	控	INTJ
cjal-9190	990	7	股	股	X
cjal-9190	990	8	股	股	X
cjal-9190	990	9	份	份	X
cjal-9190	990	10	有	有	NUM
cjal-9190	990	11	限	限	PROPN
cjal-9190	990	12	公	公	PROPN
cjal-9190	990	13	司	司	SYM
cjal-9190	990	14	2020	2020	NUM
cjal-9190	990	15	39	39	NUM
cjal-9190	990	16	158	158	NUM
cjal-9190	990	17	institutional	institutional	ADJ
cjal-9190	990	18	investors	investor	NOUN
cjal-9190	990	19	in	in	ADP
cjal-9190	990	20	china	china	PROPN
cjal-9190	991	1	[	[	X
cjal-9190	991	2	vol	vol	NOUN
cjal-9190	991	3	.	.	PUNCT
cjal-9190	991	4	35	35	NUM
cjal-9190	991	5	:	:	SYM
cjal-9190	991	6	74	74	NUM
cjal-9190	991	7	failed	fail	VERB
cjal-9190	991	8	po	po	PROPN
cjal-9190	991	9	ii	ii	PROPN
cjal-9190	991	10	,	,	PUNCT
cjal-9190	991	11	g	g	PROPN
cjal-9190	991	12	eneral	eneral	ADJ
cjal-9190	991	13	legal	legal	ADJ
cjal-9190	991	14	persons	person	NOUN
cjal-9190	991	15	and	and	CCONJ
cjal-9190	991	16	non	non	ADJ
cjal-9190	991	17	-	-	ADJ
cjal-9190	991	18	legal	legal	ADJ
cjal-9190	991	19	-	-	PUNCT
cjal-9190	991	20	person	person	NOUN
cjal-9190	991	21	enterprises	enterprise	NOUN
cjal-9190	991	22	(	(	PUNCT
cjal-9190	991	23	h	h	NOUN
cjal-9190	991	24	angzhou	angzhou	PROPN
cjal-9190	991	25	l	l	PROPN
cjal-9190	991	26	anchuang	anchuang	PROPN
cjal-9190	991	27	)	)	PUNCT
cjal-9190	991	28	,	,	PUNCT
cjal-9190	991	29	so	so	SCONJ
cjal-9190	991	30	ii	ii	PROPN
cjal-9190	991	31	,	,	PUNCT
cjal-9190	991	32	g	g	PROPN
cjal-9190	991	33	eneral	eneral	ADJ
cjal-9190	991	34	legal	legal	ADJ
cjal-9190	991	35	persons	person	NOUN
cjal-9190	991	36	and	and	CCONJ
cjal-9190	991	37	non	non	ADJ
cjal-9190	991	38	-	-	ADJ
cjal-9190	991	39	legal	legal	ADJ
cjal-9190	991	40	-	-	PUNCT
cjal-9190	991	41	person	person	NOUN
cjal-9190	991	42	enterprises	enterprise	NOUN
cjal-9190	991	43	,	,	PUNCT
cjal-9190	991	44	s	s	VERB
cjal-9190	991	45	a	a	DET
cjal-9190	991	46	s	s	NOUN
cjal-9190	991	47	a	a	DET
cjal-9190	991	48	c	c	NOUN
cjal-9190	991	49	of	of	ADP
cjal-9190	991	50	the	the	DET
cjal-9190	991	51	governm	governm	PROPN
cjal-9190	991	52	ent	ent	PROPN
cjal-9190	991	53	of	of	ADP
cjal-9190	991	54	z	z	PROPN
cjal-9190	991	55	hejiang	hejiang	PROPN
cjal-9190	991	56	province	province	PROPN
cjal-9190	991	57	indirectly	indirectly	ADV
cjal-9190	991	58	held	hold	VERB
cjal-9190	991	59	100	100	NUM
cjal-9190	991	60	%	%	NOUN
cjal-9190	991	61	of	of	ADP
cjal-9190	991	62	the	the	DET
cjal-9190	991	63	shares	share	NOUN
cjal-9190	991	64	(	(	PUNCT
cjal-9190	991	65	fu	fu	NOUN
cjal-9190	991	66	z	z	NOUN
cjal-9190	992	1	he	he	PRON
cjal-9190	992	2	c	c	PROPN
cjal-9190	992	3	apital	apital	PROPN
cjal-9190	992	4	)	)	PUNCT
cjal-9190	993	1	t	t	PROPN
cjal-9190	993	2	eam	eam	PROPN
cjal-9190	993	3	ing	ing	PROPN
cjal-9190	993	4	-	-	PUNCT
cjal-9190	993	5	up	up	NOUN
cjal-9190	993	6	w	w	PROPN
cjal-9190	993	7	ith	ith	PROPN
cjal-9190	993	8	other	other	ADJ
cjal-9190	993	9	institutional	institutional	ADJ
cjal-9190	993	10	investors	investor	NOUN
cjal-9190	993	11	shareholder	shareholder	NOUN
cjal-9190	993	12	proposal	proposal	PROPN
cjal-9190	993	13	h	h	PROPN
cjal-9190	993	14	angzhou	angzhou	PROPN
cjal-9190	993	15	l	l	PROPN
cjal-9190	993	16	anchuang	anchuang	PROPN
cjal-9190	993	17	investm	investm	PROPN
cjal-9190	993	18	ent	ent	PROPN
cjal-9190	993	19	partnership	partnership	NOUN
cjal-9190	993	20	杭	杭	PROPN
cjal-9190	993	21	州	州	ADP
cjal-9190	993	22	岚	岚	X
cjal-9190	993	23	创	创	X
cjal-9190	993	24	投	投	NOUN
cjal-9190	993	25	资	资	NUM
cjal-9190	993	26	合	合	PROPN
cjal-9190	993	27	伙	伙	X
cjal-9190	993	28	企	企	X
cjal-9190	993	29	业	业	X
cjal-9190	993	30	（	（	PUNCT
cjal-9190	993	31	有	有	NUM
cjal-9190	993	32	限	限	X
cjal-9190	993	33	合	合	X
cjal-9190	993	34	伙	伙	PROPN
cjal-9190	993	35	）	）	PROPN
cjal-9190	993	36	;	;	PUNCT
cjal-9190	993	37	z	z	PROPN
cjal-9190	993	38	hejiang	hejiang	PROPN
cjal-9190	993	39	fu	fu	PROPN
cjal-9190	994	1	z	z	NOUN
cjal-9190	995	1	he	he	PRON
cjal-9190	996	1	c	c	VERB
cjal-9190	997	1	apital	apital	ADJ
cjal-9190	997	2	m	m	VERB
cjal-9190	997	3	anagem	anagem	NOUN
cjal-9190	997	4	ent浙	ent浙	NOUN
cjal-9190	997	5	江	江	ADP
cjal-9190	997	6	富	富	X
cjal-9190	997	7	浙	浙	X
cjal-9190	997	8	资	资	X
cjal-9190	997	9	本	本	INTJ
cjal-9190	997	10	管	管	NOUN
cjal-9190	997	11	理	理	X
cjal-9190	998	1	有	有	NOUN
cjal-9190	998	2	限	限	PROPN
cjal-9190	998	3	公	公	PROPN
cjal-9190	998	4	司	司	PROPN
cjal-9190	998	5	proposed	propose	VERB
cjal-9190	998	6	to	to	ADP
cjal-9190	998	7	dism	dism	PROPN
cjal-9190	998	8	iss	iss	PROPN
cjal-9190	998	9	certain	certain	ADJ
cjal-9190	998	10	m	m	VERB
cjal-9190	998	11	em	em	PRON
cjal-9190	998	12	bers	ber	NOUN
cjal-9190	998	13	of	of	ADP
cjal-9190	998	14	the	the	DET
cjal-9190	998	15	board	board	NOUN
cjal-9190	998	16	po	po	PROPN
cjal-9190	998	17	e	e	PROPN
cjal-9190	998	18	innovation	innovation	NOUN
cjal-9190	998	19	m	m	VERB
cjal-9190	998	20	edical	edical	ADJ
cjal-9190	998	21	m	m	PROPN
cjal-9190	998	22	anagem	anagem	PROPN
cjal-9190	998	23	ent	ent	PROPN
cjal-9190	998	24	c	c	PROPN
cjal-9190	998	25	o.	o.	PROPN
cjal-9190	998	26	,	,	PUNCT
cjal-9190	998	27	l	l	NOUN
cjal-9190	998	28	td	td	NOUN
cjal-9190	998	29	.	.	PUNCT
cjal-9190	999	1	创	创	PRON
cjal-9190	999	2	新	新	X
cjal-9190	999	3	医	医	VERB
cjal-9190	999	4	疗	疗	X
cjal-9190	999	5	管	管	NOUN
cjal-9190	999	6	理	理	X
cjal-9190	999	7	股	股	X
cjal-9190	999	8	份	份	X
cjal-9190	999	9	有	有	NUM
cjal-9190	999	10	限	限	PROPN
cjal-9190	999	11	公	公	PROPN
cjal-9190	999	12	司	司	SYM
cjal-9190	999	13	2021	2021	NUM
cjal-9190	999	14	40	40	NUM
cjal-9190	999	15	succeeded	succeed	VERB
cjal-9190	999	16	po	po	PROPN
cjal-9190	999	17	ii	ii	PROPN
cjal-9190	999	18	,	,	PUNCT
cjal-9190	999	19	insurance	insurance	NOUN
cjal-9190	999	20	com	com	NOUN
cjal-9190	999	21	pany	pany	NOUN
cjal-9190	999	22	e	e	NOUN
cjal-9190	999	23	xercise	xercise	NOUN
cjal-9190	999	24	of	of	ADP
cjal-9190	999	25	voting	voting	NOUN
cjal-9190	999	26	rights	right	NOUN
cjal-9190	999	27	fuld	fuld	PROPN
cjal-9190	999	28	l	l	PROPN
cjal-9190	999	29	ife	ife	PROPN
cjal-9190	999	30	insurance	insurance	PROPN
cjal-9190	999	31	c	c	PROPN
cjal-9190	999	32	o.	o.	PROPN
cjal-9190	999	33	,	,	PUNCT
cjal-9190	999	34	l	l	PROPN
cjal-9190	999	35	td	td	NOUN
cjal-9190	999	36	.	.	PUNCT
cjal-9190	1000	1	富	富	NOUN
cjal-9190	1000	2	德	德	X
cjal-9190	1000	3	生	生	PROPN
cjal-9190	1000	4	命	命	NUM
cjal-9190	1000	5	人	人	X
cjal-9190	1000	6	寿	寿	ADP
cjal-9190	1000	7	保	保	X
cjal-9190	1000	8	险	险	PROPN
cjal-9190	1000	9	股	股	PROPN
cjal-9190	1000	10	份	份	X
cjal-9190	1000	11	有	有	NUM
cjal-9190	1000	12	限	限	PROPN
cjal-9190	1000	13	公	公	PROPN
cjal-9190	1000	14	司	司	PROPN
cjal-9190	1000	15	v	v	NUM
cjal-9190	1000	16	eto	eto	NOUN
cjal-9190	1000	17	the	the	DET
cjal-9190	1000	18	proposal	proposal	NOUN
cjal-9190	1000	19	for	for	ADP
cjal-9190	1000	20	appointing	appoint	VERB
cjal-9190	1000	21	an	an	DET
cjal-9190	1000	22	accounting	accounting	NOUN
cjal-9190	1000	23	firm	firm	NOUN
cjal-9190	1000	24	po	po	NOUN
cjal-9190	1000	25	e	e	X
cjal-9190	1000	26	b	b	X
cjal-9190	1000	27	eijing	eije	VERB
cjal-9190	1000	28	jingxi	jingxi	NOUN
cjal-9190	1000	29	c	c	NOUN
cjal-9190	1000	30	ulture	ulture	PROPN
cjal-9190	1000	31	&	&	CCONJ
cjal-9190	1000	32	t	t	PROPN
cjal-9190	1000	33	ourism	ourism	NOUN
cjal-9190	1000	34	c	c	NOUN
cjal-9190	1000	35	o.	o.	NOUN
cjal-9190	1000	36	,	,	PUNCT
cjal-9190	1000	37	l	l	PROPN
cjal-9190	1000	38	td	td	PROPN
cjal-9190	1000	39	.	.	PUNCT
cjal-9190	1001	1	北	北	PROPN
cjal-9190	1002	1	京	京	INTJ
cjal-9190	1002	2	京	京	ADP
cjal-9190	1002	3	西	西	X
cjal-9190	1002	4	文	文	PROPN
cjal-9190	1002	5	化	化	X
cjal-9190	1002	6	旅	旅	PRON
cjal-9190	1002	7	游	游	X
cjal-9190	1002	8	股	股	X
cjal-9190	1002	9	份	份	X
cjal-9190	1002	10	有	有	NUM
cjal-9190	1002	11	限	限	PROPN
cjal-9190	1002	12	公	公	PROPN
cjal-9190	1002	13	司	司	SYM
cjal-9190	1002	14	41	41	NUM
cjal-9190	1002	15	failed	fail	VERB
cjal-9190	1002	16	po	po	PROPN
cjal-9190	1002	17	ii	ii	PROPN
cjal-9190	1002	18	,	,	PUNCT
cjal-9190	1002	19	g	g	PROPN
cjal-9190	1002	20	eneral	eneral	ADJ
cjal-9190	1002	21	legal	legal	ADJ
cjal-9190	1002	22	persons	person	NOUN
cjal-9190	1002	23	and	and	CCONJ
cjal-9190	1002	24	non	non	ADJ
cjal-9190	1002	25	-	-	ADJ
cjal-9190	1002	26	legal	legal	ADJ
cjal-9190	1002	27	-	-	PUNCT
cjal-9190	1002	28	person	person	NOUN
cjal-9190	1002	29	enterprises	enterprise	NOUN
cjal-9190	1002	30	t	t	AUX
cjal-9190	1002	31	eam	eam	PROPN
cjal-9190	1002	32	ing	ing	PROPN
cjal-9190	1002	33	-	-	PUNCT
cjal-9190	1002	34	up	up	NOUN
cjal-9190	1002	35	w	w	PROPN
cjal-9190	1002	36	ith	ith	PROPN
cjal-9190	1002	37	other	other	ADJ
cjal-9190	1002	38	institutional	institutional	ADJ
cjal-9190	1002	39	investors	investor	NOUN
cjal-9190	1002	40	shareholder	shareholder	NOUN
cjal-9190	1002	41	proposal	proposal	NOUN
cjal-9190	1002	42	shenzhen	shenzhen	PROPN
cjal-9190	1002	43	jinzhichangsheng	jinzhichangsheng	PROPN
cjal-9190	1002	44	investm	investm	PROPN
cjal-9190	1002	45	ent	ent	PROPN
cjal-9190	1002	46	c	c	PROPN
cjal-9190	1002	47	o.	o.	PROPN
cjal-9190	1002	48	,	,	PUNCT
cjal-9190	1002	49	l	l	PROPN
cjal-9190	1002	50	td	td	NOUN
cjal-9190	1002	51	.	.	PUNCT
cjal-9190	1003	1	深	深	X
cjal-9190	1003	2	圳	圳	ADP
cjal-9190	1003	3	市	市	X
cjal-9190	1003	4	金	金	X
cjal-9190	1003	5	志	志	X
cjal-9190	1003	6	昌	昌	X
cjal-9190	1003	7	盛	盛	NOUN
cjal-9190	1003	8	投	投	ADP
cjal-9190	1003	9	资	资	X
cjal-9190	1003	10	有	有	NOUN
cjal-9190	1003	11	限	限	PROPN
cjal-9190	1003	12	公	公	PROPN
cjal-9190	1003	13	司	司	NOUN
cjal-9190	1003	14	and	and	CCONJ
cjal-9190	1003	15	others	other	NOUN
cjal-9190	1003	16	proposed	propose	VERB
cjal-9190	1003	17	to	to	ADP
cjal-9190	1003	18	dism	dism	PROPN
cjal-9190	1003	19	iss	iss	PROPN
cjal-9190	1003	20	the	the	DET
cjal-9190	1003	21	board	board	NOUN
cjal-9190	1003	22	of	of	ADP
cjal-9190	1003	23	director	director	PROPN
cjal-9190	1003	24	po	po	PROPN
cjal-9190	1003	25	e	e	PROPN
cjal-9190	1003	26	shandong	shandong	PROPN
cjal-9190	1003	27	x	x	PROPN
cjal-9190	1003	28	inchao	inchao	PROPN
cjal-9190	1003	29	e	e	PROPN
cjal-9190	1003	30	nergy	nergy	NOUN
cjal-9190	1003	31	c	c	NOUN
cjal-9190	1003	32	orporation	orporation	NOUN
cjal-9190	1004	1	l	l	NOUN
cjal-9190	1004	2	i	i	PRON
cjal-9190	1004	3	m	m	AUX
cjal-9190	1004	4	ited	ite	VERB
cjal-9190	1004	5	.	.	PUNCT
cjal-9190	1005	1	山	山	X
cjal-9190	1006	1	东	东	X
cjal-9190	1006	2	新	新	NOUN
cjal-9190	1006	3	潮	潮	NOUN
cjal-9190	1006	4	能	能	ADP
cjal-9190	1006	5	源	源	NOUN
cjal-9190	1006	6	股	股	X
cjal-9190	1006	7	份	份	X
cjal-9190	1006	8	有	有	NUM
cjal-9190	1006	9	限	限	PROPN
cjal-9190	1006	10	公	公	PROPN
cjal-9190	1006	11	司	司	PROPN
cjal-9190	1006	12	42	42	NUM
cjal-9190	1006	13	2022	2022	NUM
cjal-9190	1006	14	]	]	PUNCT
cjal-9190	1006	15	columbia	columbia	PROPN
cjal-9190	1006	16	journal	journal	PROPN
cjal-9190	1006	17	of	of	ADP
cjal-9190	1006	18	asian	asian	ADJ
cjal-9190	1006	19	law	law	PROPN
cjal-9190	1006	20	159	159	NUM
cjal-9190	1006	21	succeeded	succeed	VERB
cjal-9190	1006	22	so	so	ADV
cjal-9190	1006	23	ii	ii	PROPN
cjal-9190	1006	24	,	,	PUNCT
cjal-9190	1006	25	g	g	PROPN
cjal-9190	1006	26	eneral	eneral	ADJ
cjal-9190	1006	27	legal	legal	ADJ
cjal-9190	1006	28	persons	person	NOUN
cjal-9190	1006	29	and	and	CCONJ
cjal-9190	1006	30	non	non	ADJ
cjal-9190	1006	31	-	-	ADJ
cjal-9190	1006	32	legalperson	legalperson	ADJ
cjal-9190	1006	33	enterprises	enterprise	NOUN
cjal-9190	1006	34	,	,	PUNCT
cjal-9190	1006	35	t	t	PROPN
cjal-9190	1006	36	he	he	PRON
cjal-9190	1006	37	departm	departm	VERB
cjal-9190	1006	38	ent	ent	NOUN
cjal-9190	1006	39	of	of	ADP
cjal-9190	1006	40	finance	finance	NOUN
cjal-9190	1006	41	of	of	ADP
cjal-9190	1006	42	h	h	PROPN
cjal-9190	1006	43	enan	enan	PROPN
cjal-9190	1006	44	province	province	PROPN
cjal-9190	1006	45	indirectly	indirectly	ADV
cjal-9190	1006	46	held	hold	VERB
cjal-9190	1006	47	79.8	79.8	NUM
cjal-9190	1006	48	%	%	NOUN
cjal-9190	1006	49	of	of	ADP
cjal-9190	1006	50	the	the	DET
cjal-9190	1006	51	shares	share	NOUN
cjal-9190	1006	52	e	e	NOUN
cjal-9190	1006	53	xercise	xercise	NOUN
cjal-9190	1006	54	of	of	ADP
cjal-9190	1006	55	voting	voting	NOUN
cjal-9190	1006	56	rights	right	NOUN
cjal-9190	1006	57	h	h	PROPN
cjal-9190	1006	58	enan	enan	PROPN
cjal-9190	1006	59	l	l	PROPN
cjal-9190	1006	60	ianchuan	ianchuan	PROPN
cjal-9190	1006	61	investm	investm	PROPN
cjal-9190	1006	62	ent	ent	PROPN
cjal-9190	1006	63	c	c	PROPN
cjal-9190	1006	64	o.	o.	PROPN
cjal-9190	1006	65	,	,	PUNCT
cjal-9190	1006	66	l	l	PROPN
cjal-9190	1006	67	td	td	NOUN
cjal-9190	1006	68	.	.	PUNCT
cjal-9190	1007	1	河	河	PROPN
cjal-9190	1007	2	南	南	X
cjal-9190	1007	3	农	农	X
cjal-9190	1007	4	投	投	NOUN
cjal-9190	1007	5	金	金	PROPN
cjal-9190	1007	6	控	控	ADP
cjal-9190	1007	7	股	股	PRON
cjal-9190	1007	8	份	份	X
cjal-9190	1007	9	有	有	NUM
cjal-9190	1007	10	限	限	PROPN
cjal-9190	1007	11	公	公	PROPN
cjal-9190	1007	12	司	司	PROPN
cjal-9190	1007	13	v	v	PROPN
cjal-9190	1007	14	eto	eto	NOUN
cjal-9190	1007	15	six	six	NUM
cjal-9190	1007	16	proposals	proposal	NOUN
cjal-9190	1007	17	in	in	ADP
cjal-9190	1007	18	the	the	DET
cjal-9190	1007	19	general	general	ADJ
cjal-9190	1007	20	m	m	AUX
cjal-9190	1007	21	eeting	eete	VERB
cjal-9190	1007	22	po	po	X
cjal-9190	1007	23	e	e	PROPN
cjal-9190	1007	24	z	z	PROPN
cjal-9190	1007	25	hengzhou	hengzhou	VERB
cjal-9190	1007	26	sino	sino	ADJ
cjal-9190	1007	27	-	-	PUNCT
cjal-9190	1007	28	c	c	NOUN
cjal-9190	1007	29	rystal	rystal	PROPN
cjal-9190	1007	30	d	d	PROPN
cjal-9190	1007	31	iam	iam	PROPN
cjal-9190	1007	32	ond	ond	PROPN
cjal-9190	1007	33	c	c	PROPN
cjal-9190	1007	34	o.	o.	PROPN
cjal-9190	1007	35	,	,	PUNCT
cjal-9190	1007	36	l	l	PROPN
cjal-9190	1007	37	td	td	NOUN
cjal-9190	1007	38	.	.	PUNCT
cjal-9190	1008	1	郑	郑	PROPN
cjal-9190	1008	2	州	州	PUNCT
cjal-9190	1008	3	华	华	PROPN
cjal-9190	1008	4	晶	晶	NOUN
cjal-9190	1008	5	金	金	PROPN
cjal-9190	1008	6	刚	刚	ADP
cjal-9190	1008	7	石	石	NOUN
cjal-9190	1008	8	股	股	X
cjal-9190	1008	9	份	份	X
cjal-9190	1008	10	有	有	NUM
cjal-9190	1008	11	限	限	PROPN
cjal-9190	1008	12	公	公	PROPN
cjal-9190	1008	13	司	司	SYM
cjal-9190	1008	14	43	43	NUM