In this paper I combine these two aspects together. On the one hand, I do deeper research on short-term price momentum and contrarian strategy in Chinese stock market.

所以本论文将上述两方面结合起来，一方面深入研究中国股市短期动量与反转策略的盈利性，如果存在，分别有哪些特点；

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This paper spreads out academic study from two aspects at the same time. On the one hand, this paper discusses the impact of manage strategy over distributor's behavior;

本文从两个方面同时展开理论研究：一方面探讨企业的中间商管理策略对中间商行为的影响；

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