查询词典 financial market

Below financial crisis, the market with more rational enterprise is decision-making, quickened the pace of network market fractionize undoubtedly, at the same time ecbolic also of network media change.

金融危机下，企业更加理性的市场决策，无疑加快了网络市场细分的步伐，同时也催生了网络媒体的变革。

After a study on Chinese financial practice, we find that though Chinese banking system has high cost and low efficiency, one side, Chinese security market has very low efficiency to overcome asymmetric information and has many unsolved problems in short term that brings very high additional cost, so security market is not a good system to substitute the Chinese banking system and must develop after these problems are solved, on the other hand, the cost of Chinese banking system is mainly exogenously produced, the experiences of western commercial banking practice and the joint-stock reform in some Chinese banks have proved that the efficiency of Chinese banking system can be improved. So one of our conclusions is that China should emphases on the reform and development of the banking system.

一方面，本文通过对中国证券市场的进一步分析，发现中国证券市场制度设计上存在严重不合理，短期内仍然缺乏合适的生存环境，这也导致其过去十多年的超常规发展中不仅具有低的效率，而且形成了许多短期内难以克服的缺陷，这充分表明证券市场不应成为我国金融体系短期内的重点方向，证券市场未来的进一步发展必须以这些问题和缺陷的解决为前提；另一方面，进一步的分析表明，我国银行业目前的巨大成本主要为外生，同时，对西方发达国家银行业发展和我国银行股份制改革的经验总结表明，只要在一定的条件下，银行业的效率完全可以有效提高，因而，中短期内我国应重点对银行业进行改革和发展，尤其是要加快银行业的股份制改革进程。

Bank of imports and exports is exported for culture enterprise and the project invests to offer financing, close an account outside the condition, assure external, the service support such as financial adviser; On the base that develops objective asset guaranty to assure, explore impawn of equity, creditor's rights, intellectual property to wait for a variety of assuring means; For culture export business extends overseas market to provide the service of risk of market of information and each avoid, realize the safe and effective configuration of capital and operation.

进出口银行为文化企业出口和境外投资项目提供融资、结算、对外担保、财务顾问等服务支持；在开展实物资产抵押担保的基础上，探索股权、债权、知识产权质押等多种担保方式；为文化出口企业拓展海外市场提供信息和各项规避市场风险的服务，实现资金的安全有效配置和运营。

We employ quarterly data on industrial output, indicators of stock market liquidly, stock market volatility, and banking development during 1986:1-2003:3. We found that the Granger causality between output and financial development variables differ significantly among different knowledge intensity industries.

实证方法上，采用Johansen(1992，1995)之最大概似估计法(maximum likelihood estimate， MLE)来检定变数间是否存在共整合关系；若变数间存在共整合关系，则可以向量误差修正模型(vector error correction model，VECM)为基础，据以探讨金融发展与不同知识密度产业经济成长之因果关系。

And why the financial tsunami furniture enterprises of Guangdong such a tremendous impact, root causes, the foundry dependent overseas brand is the drawbacks of the largest such enterprises in this kind of "superiority" against the background of the market, except as federal, red apples, dynasty and a small number of first-class enterprises to maintain a clear development strategy, the overwhelming majority of the owners of a strong sense of satisfaction, enterprise weak, and many companies willing to do for others is only "awake" so that process Zhejiang School of Gary Coull, who ho Lee so that the whole camp Kawasaki friend who Shuanghu, or impressive, or quietly deep secret agents, outflanking the Guangdong faction of the majority of the non-market-oriented camp, resulting in Guangdong Furniture today the so-called "overseas markets are also fast and slow overseas markets also "dual-Ren situation.

而为何金融海啸对广东家具企业造成如此巨大的冲击，究其缘由，依附海外品牌的代工是此类企业最大的弊端，在这种&优越&的市场背景下，除了像联邦、红苹果、皇朝等少数一流企业保持着清醒的发展战略外，绝大多数老板们满足感强了，进取心弱了，不少企业甘于只为他人做&嫁衣裳&，让浙派的顾家工艺、利豪们，让川派的全友、双虎们等，或有声有色地、或悄悄地深耕细作，包抄了粤派所不注重的广大市场阵营，造成了今天粤派家具的所谓&快也海外市场，慢也海外市场&的双仞局面。

Therefore, it can be regarded as a great improvement of the investment decision-making theory and methods .This article makes a systematic research on real options theory and method and its application, including the following several main aspects:Firstly, it makes a detailed discussion about the common theoretical basis of financial options and real options, including no-arbitrage equilibrium principle, risk-neutral definition, complete market and dynamic tracking.Secondly, it analyze three basic characteristic of investment decision-making in modern market economic system: irreversibility, uncertainty and flexibility, and from the angle of their mutual quantitative and qualitative interactions, it makes a comparison between the traditional NPV methods and real options methods and makes a summary of the general analytical methods of real options.Thirdly, it discusses the all elements in the application of real options such as the ^leakages in value of real assets, basis risk, and private risk, and furthermore, it attempts to put forth a normalized strategy of its application and construct a basic framework of its application.Fourthly, it applies real options theory to strategetic investment of enterprises and the buy-out of company, putting forth a value model for strategetic investment program and making a concrete analysis of its application to buy-out. Furthermore, it advocates that a flexible investment decision-making system should be setup according to real options theory in our country.

本文对实物期权理论和方法及其应用进行了系统研究，主要内容包括如下几个方面：(1)详细讨论了金融期权和实物期权共同的理论基础，主要包括无套利均衡原理、风险中性定义、完全市场以及动态复制方法，对这些理论方法的探讨既是本文的出发点和基础，它们提供了研究实际应用实物期权的一个基准点，也是贯穿全文的线索和灵魂；(2)分析了现代市场经济体系中投资决策的三个基本特征即不可逆性、不确定性和时机选择，并从它们数量上和质量上相互作用的重要意义的角度，分析了传统的净现值法与实物期权方法的差异，指出了净现值法在不确定环境中存在的缺陷及实物期权处理投资灵活性的价值，并将净现值法纳入实物期权投资分析决策体系当中，总结了企业投资决策实物期权的一般分析方法；(3)探讨了实物期权应用中要考虑的各种要素，如实物资产的价值漏损、基差风险和非市场风险等，并进一步提出了实物期权应用的规范化策略和构建了一个实际应用实物期权方法的基本框架，尝试将期权的基本原理与企业在现实经济环境中投资决策的要素结合起来，从而可以在一定程度上超越期权的复杂的数学计算而汲取期权思想的精华，从而促进期权决策方法在实际投资决策中的应用；(4)将实物期权方法应用于企业战略投资，得出了战略投资项目的价值模型，指出可以将实物期权理论和方法应用于企业并购，分析了应用的具体方面，并提出应根据实物期权理论建立一套适合我国企业的灵活的投资决策系统。

The net swims portal 3 months make 17173 last a period of time " market research of game of 17173 China network reports " data shows, although financial crisis inflicted heavy losses on,appear on the market company share price, the net swims enterprise also not escape by the skin of one's teeth, but in this global economy low in confusing, network game industry theres is no lack of however resistance, calculate on be pounded relative to one of less industries.

网游门户17173历时3个月打造的&17173中国网络游戏市场调查报告&数据显示，虽然金融危机重创了上市公司股价，网游企业也并未幸免于难，但在这场全球性的经济低迷中，网络游戏产业却不乏抵抗力，算得上受到冲击相对较少的行业之一。

In the context of the global financial cri sis, the gold market is in full swing, with a huge contrast of the depressed global market, triggering a new round of gold fever pursuit.

在全球经济危机背景下黄金市场如火如荼，与萧条的全球市场产生巨大反差。同时引发了对黄金的新一轮追捧热潮。

It is reported that it intended to in the aviation and travel market, both by the financial crisis downturn, let the way through leveraging the enormous and yet to be ferreted out of the domestic air travel consumer market.

据悉，此举意在航空及旅游市场受金融危机影响双双不景气的情况下，通过让利方式撬动巨大而尚待深挖的国内航空旅游消费市场。

Ideally its financial system might have provided an intermediary service—funnelling emerging-market savings into emerging-market projects.

理想地说，美国的金融系统也许是提供了一个中介服务，就是汇集新兴新市场的存款用于其投资项目。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。