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A data warehouse of investment appraisal and risk management of fund manage company was built after investigating the existing fund manage enterprise systems and analyzing the requirement of user decision-making. This data warehouse consists of an ETL program, and other products such as oracle, oracle business intelligence enterprise edition etc. The system could provide effective decision support for managers of the company. The analysis subject determined and development approach of this system have a high reference value for design and development of application systems that had the same characteristics.