查询词典 cash market

In market aspect,MNEs have rigidity of market crowding out,can possess market rapidly and potentially,build the bulwark of market entering,while it also has absolute advantage of brands. At the same time,they also develop a pattern of value chain of vertical specialization,by which,Chinas enterprises may have a chance to get into MNEs global value chain and acquire market room. In industry aspect,while MNEs control the industry by stock property and the advantage of brands,they provide a chance of industrial transfer and industrial linkages. Chinas enterprises could strengthen industrial linkages and achieve industrial drive by technology innovation and agglomeration effect. In technology aspect,because of the nature of MNEs technology monopoly,Chinas enterprises must face the dilemma of technology dependence,technology unadaptability and technology trap. But MNEs may also transfer technology to Chinas enterprises by competition effect,demonstration effect and cooperation effect. Moreover,Chinas enterprises could make use of MNEs investment of "oligopolistic reaction"in China to accelerate technology transfer.

在市场层面，跨国公司对中国企业具有市场挤出的刚性，市场占有速度快、潜力大，构筑市场进入壁垒，具有绝对品牌优势，但也在中国形成垂直专业化分工的价值链模式，中国企业获得链入跨国公司全球价值链，获取自身市场空间的机会；在产业层面，跨国公司借助股权安排和品牌优势实施产业控制，但也提供了产业梯度转移和产业关联的契机，中国企业可以通过技术创新和聚集效应，增强产业关联，实现产业带动；在技术层面，跨国公司出于技术垄断本性，使中国企业面临技术依赖、技术非适应性甚至技术陷阱的困境，但也通过竞争效应、示范效应、合作效应对中国企业进行技术转移，中国企业还可以利用跨国公司在华&寡占反应&投资，加速技术转移。

For the security market with restricted borrowing and short sale unallowed, Options pricing formula are advanced, and the relation between them and Black-Scholes Options pricing formula is discussed. The essence of Black-Scholes Options pricing formula is set forth. To the security market with restricted borrowing and short sale unallowed, stock returns risk pricing formula is advanced and the demonstration analysis of China security market is provided. From the demonstration analysis, arbitrage exists in China security market, which can be applied to explain the riddle of a great deal of China bank money and hot money swarming into China security market.

本文在B-S期权定价的基础上，直接利用股票本身的参数推导出股票收益率风险的定价公式；对不允许融资和卖空的证券市场，给出了看涨期权和看跌期权的定价公式，并讨论了他们和相应B-S期权定价公式之间的关系；对B-S期权定价公式的本质做出了阐述；对不允许融资和卖空的证券市场，给出了股票收益率风险的定义；利用股票收益率风险的新定义，对中国证券市场进行实证分析，得出中国证券市场存在套利，解释了2006年和2007年中国大量银行资金和国外热钱流向中国股市之谜。

However, it also should be noted that the National Day is approaching, Weiwen policy enjoys popular support, coupled with early ahead of the market to adjust the financial, real estate and other broad market rate of blue-chip rally behind the current round of small and medium market segment and the broad market, to some extent limits the broader market down the possibility of adjustments.

不过同时应该注意到，国庆临近，维稳政策深入人心，加之前期先于市场调整的金融、地产等大盘蓝筹此轮反弹幅度落后于中小市值板块和大盘，一定程度上也限制了大盘向下调整的可能性。

Furniture and home appliance market, building material and decoration market, agricultural and food market, chinaware, plant and bird market, hi-tech market etc., these professional and specialty markets of different kinds and scales are located all over the city to embrace all walks of life in Hangzhou.

家私家电市场、建材装饰市场、农贸粮油市场、瓷器花鸟市场、高新科技市场……在杭州，这些不同种类、不等规模的专业市场比比皆是，囊括了城市生活的各个方面，共同架构出一张宠大而精细的商业网络。

The Analysis of the Size of the Bond Market: According to the experience of foreign bond market development, bond market is a critical source of capital for economic development, and globalization is the inevitable tendency for bond market development, and debt risk must be taken care of when the size of the bond market is expanding.

关于债券市场总量问题。从国外债券市场发展经验来看，债券市场是经济发展中的重要资金来源渠道，国际化是债券市场发展的必然趋势，在发展债券市场的同时应该谨防债务风险。

It enables separated by the capital market and currency market, the government bond market has been divided between the channels, will promote capital market and currency market common and coordinated development.

它使被割裂开来的资本市场和货币市场、分割的国债市场有了连接的渠道，将促进资本市场和货币市场的共同、协调发展。

The euromarket, which is defined as a market where financial instruments traded are denominated in currencies other than the currency of the country where the market is located.it is, in the true sense, an external financial market.the important distinction between the external financial market and the domestic financial market lies in that eurocurrecy banking is not subject to domistic banking regulations.

欧洲市场，就是在该市场上交易的金融工具都是用欧洲货币来标价而不是用市场所在地国家的货币来标价。欧洲市场是真正意义上的境外金融市场。境外金融市场和国内金融市场的重要区别是欧洲货币银行业务不受国内银行规章制度的管辖。

To foster and boom the land market, as the main body of land supply in the first class land market and the common authority in regulating the whole land market, the government must establish the market rules and plot out the effective working border between market and government.

无疑具有过渡特征——是政府主导下的培育和发展土地市场，须政府完善市场规则，划分市场与政府的各自的有效作用边界，同时政府又是一级市场的供给主体和作为调控整体土地市场公共权威，或者说这一切正在运行或完善过程中。

In our country, the development of capital market just has a short period of time, and its construction emphasis is mostly in Senzhen and Shanghai securities businesses. With the development of socialist market economy, the present gingle market system reveals its limitation increasingly; it must be imperative under the situation to construct capital market system of different arrangement including the second-board market.

我国资本市场发展时间较短，建设的重点主要放在深沪两市场上，随着社会主义市场经济的发展，现有的较为单一的市场体系越来越显出局限性，建设包括二板市场在内的各层次的资本市场体系已势在必行。

Hu Yang said in October the previous year is only a temporary interruption of the bull market, the market has been the so-called financial crisis,"scaring off","cut and then cut a" very wrong, a strong economic development in China background, a complete five-year bull market should take the whole, the results of the last bull market to end more than two years, so this will be maintained for at least three years to make up for the past five years, this is only the second half of the bull, the bull market is not new.

胡立阳表示，前年10月份那个牛市只是暂时中断，由于市场被所谓的金融危机&吓倒&，&腰斩再腰斩&非常冤枉，在中国强有力经济发展背景下，一个完整的牛市应该走整整五年，结果上次牛市两年多就结束了，所以这次至少会维持三年来补足这五年，这次只是牛市的下半场，并不是新的牛市。

Listen,point and check your answers.

听，指出并且检查你的答案。

Warming needle is one of effective treatment methods for knee arthralgia aggravated by cold,and it is simple,safety,so it should be developed in clinical acupuncture and moxibustion extensively.

但以本院科针灸门诊在2005年1月—2006年6月期间共收治膝痛患者100余例，经过临床的诊断后，其中施以温针治疗的48例，疗效显著，报道如下。1临床资料本组病例48