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CEOs in Hong Kong receive 250,707 dollars in average base pay and 352,520 US dollars in average annual total cash, making them the second-highest paid in the region.

地球观测卫星委员会在香港收到250707美元的平均基薪和352520美元在平均每年的现金总额，使他们的第二薪资最高的在该地区。

A security in the form of a performance bond, bank guarantee, cashier's check, certified check or cash at an amount specified in the bidding documents required in a contract to protect the owner in case of breach of contract by the contractor.

指一种保证，其形式为履约保证金、银行担保、银行本票或现金，其数额按照合同要求在招标文件中进行规定，目的是在承包商违约的情况下保护业主的利益。

This paper quantitates financial risk by constituting the model of measurement financial risk. And the samples are from the public companies'merger and acquisition from 2002 to 2005, this paper demonstrates perfectly the influence of financial risk of acquisition companies from different payment methods. The result of test analysis shows: in one side, the theory of risk-return is unfit in China (by being educed conclusions by other students: different payment methods bring different return, then the author detrusions different payment methods bringing different financial risk, and being tested direct proportion each other); in the other side, this paper answers different payment methods bringing different degree financial risk of acquisition companies: the smallest financial risk from cash payment method, the mean from commingle payment method, the biggest from stock payment method, which can supply reference in the choice of rational companies between payment methods and financial risk .

通过建立企业财务风险度量模型，将企业财务风险量化，并以中国上市公司2002年—2005年间的并购案中所采用的支付方式为样本，对我国上市公司并购中不同支付方式对并购方财务风险的影响做一个较系统、完善的实证检验，一方面从理论上验证了风险-收益理论的在我国的不具有适用性（通过对前人研究结论：不同支付方式带来不同收益，进而反推不同支付方式带来不同的财务风险，验证得出二者成正比关系）；另一方面回答在我国目前市场条件下并购中的不同支付方式引起收购公司不同程度的财务风险，其中现金支付方式下给收购公司带来的财务风险最小；混合支付次之，股票支付方式下财务风险最大，能给企业在并购时选择支付方式与财务风险的最佳组合提供参考。

The part analyzes profit and free-rent period through discussing probability of house in-and-out quantity in profit risk, proposes the risk management measures of cash supervisory mechanism and selectivity financing in capital gap risk, putts forward the measures of liquidity gap forecast, improving credit and adopting different free-rent period in house liquidity risk, and introduces the credit swap to transfer leaseholder default risk.

本部分主要分析了房屋置业中心的四个风险，分别是收益风险，通过引入给定时间段内的房屋存贷量的概率分布分析了房屋置业中心的收益风险和空租期的确定；资金缺口风险，并提出现金监理机制和选择性融资的风险预防措施；房屋流动风险，提出流动缺口预测、提升自身形象、采用不同空租期的风险管理措施；承租人的支付风险，主要引入了信用掉期合同来转移这种风险。

Staffordshire University MBA programme, which is focus on accountancy learning, provides a professional accountant theory, Analysis and prepare Cash Flow, Analysis Balance Sheet, Pay Back Period, Risk Management and etc; apply all these in the real business, very useful to use in the company and give us a whole mirror what we learned and how we used in the business; provides a holistic understanding of the theory and practice of management and the up-to-date knowledge and skills needed to succeed in the real business world.

英国斯坦福厦大学工商管理课程包括：会计学，经济管理，统计学，战略管理，世界市场营销，调查方法，销售技巧，运作管理等等。斯坦福厦大学的MBA课程侧重于财务管理，熟练掌握了会计的基本技巧和实践应用，能熟练应用资产管理，财务月分析报表，成本分析，风险分析，现金流量，资本回收期等。

Prior to that, the development of Kim on April 8, 2008 Disclosure of Interests have been changes in the report that Shenzhen to Los race is not over 120,000,000 yuan in cash to buy part of the book value of assets of listed companies; listed companies in order to Its remaining assets and liabilities of all of the same race Shenzhen Luo held by the 51% stake in Wuhan Los race for replacement, replacement of the formation of a listed company from trading post to match Shenzhen Luo additional targeted pay.

在此之前，在金在2008年4月8日披露权益的发展已经改变在报告中，深圳到洛杉矶比赛是在不超过1.2亿人民币的现金购买资产的帐面价值的一部分上市公司以上市公司为它的剩余资产和同一种族深圳罗所有负债进行的武汉洛杉矶更换，对上市公司的交易后形成的比赛替代51％的股份，以配合深圳罗额外针对工资。

Desperate situations in countries such as Germany–where inflation was so severe that many people were paid in cash by the wagonload and burned currency to keep warm–encouraged the rise of fascist dictators such as Hitler in Germany and Mussolini in Italy.

绝望的情况下在国家，如德国，在通货膨胀严重，许多人以现金支付并烧毁了wagonload货币保暖，鼓励法西斯独裁者的崛起，如希特勒和墨索里尼在德国，意大利。

At Nomacorc LLC, a maker of synthetic wine corks in Zebulon, N.C., Chief Executive Lars von Kantzow says the company's exports are being hurt by two new factors: Wine consumption in Europe is going down in many key markets as a result of the recession. And amid a credit crunch, retailers, distributors and wineries are all rushing to cut their inventories in an effort to free up cash.

位于北卡罗来纳州的合成酒瓶塞生产商Nomacorc LLC首席执行长Lars von Kantzow表示，公司的出口受到两种新增因素的影响：经济衰退导致欧洲多个重要市场的酒类消费减少；信贷危机期间，零售商、分销商和酒厂纷纷减少存货以释放现金。

"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."

投资与投机之间永远是一线之隔，尤其是当所有市场的参与者都沉浸在欢愉的气氛当中时更是如此，再也没有比大笔不劳而获的金钱更让人失去理性，在经历过这类经验之后，再正常的人也会像参加舞会的灰姑娘一样被冲昏了头，他们明知在舞会中多待一会也就是继续将大笔的资金投入到投机的活动之上，南瓜马车与老鼠驾驶现出原形的机率就越高，但他们还是舍不得错过这场盛大舞会的任何一分钟，所有人都打算继续待到最后一刻才离开，但问题是这场舞会中的时钟根本就没有指针！

Because the original design of our imagination is the direction to the development of market maker in the form of participation in the market, because the Shanghai Gold Exchange is still no clear blueprint for the development of some new out, I expect the Shanghai Gold Exchange, even though he has not been for gold futures, but he still has many talents Potential, he used the original nation's largest cash trading platform that advantage, I suggest he should, as markets like London, the development arm of a road through the market maker in OTC transactions done, so we originally domestic gold investment companies can legally participate in the open market, so we have two domestic gold market coexist, is a futures market, is a spot market, the original investment in gold companies, I think now it is in transition towards services, information of this transition.

因为原来我们设计的想像的发展方向就是以做市商的形式参与这个市场，因为现在上海黄金交易所目前还没有明确的一些新的发展蓝图出来，我预计上海黄金交易所这次尽管他没有争取得到黄金期货，但是他还是有很多优势的，他利用原来国内最大的现货交易平台这个优势，我建议他应该像伦敦市场似的，以发展做市商为一个路子，通过做市商的参与做场外的交易，这样的话我们国内原先黄金投资公司就可以合法公开参与这个市场，这样的话我们国内就有两个黄金市场并存，一个是期货市场，一个是现货市场，对原来的黄金投资公司来说我觉得现在要转型的话应该是朝服务、资讯这块转型。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。