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The problem of debt finance and corporate governance was empirically studied with the data of the China's listed companies from 2001 to 2003, the conclusion is that it is negative correlation between the debt ratio and the performance of the listed companies, and so the problem of the soft restriction of debt were uncovered.

针对中国的实践,本文采用我国上市公司有关数据对债权融资与公司治理问题进行实证检验,结果表明我国上市公司的债权融资与公司绩效的关系为负相关,揭示了我国上市公司债务软约束问题。

Dr Michael Zhuang introduction of listed companies and real estate investment trust in the management differs in some listed companies are a lot of decision-making power is subject to his Council and the Board of Trustees of the control; and real estate management of the Trust is subject to the national laws and corporate charter, as well as some of the rules of trust and investment restrictions.

迈克尔庄博士介绍,上市公司和房地产投资信托基金的管理不同的一些上市公司有很多的决策权是受他的理事会和董事会的控制和管理的房地产信托是受国家法律和公司章程,以及一些规则的信任和投资的限制。

After 6,7 month of the relevant authorities in charge of market regulation, the original project has opened the follow-up of houses have been listed out, and had not listed the item is still cover plate, which led to a new house for nearly two weeks the serious decline in supply.

后6,7个月的有关主管部门的市场监管,原来的项目已开放的后续房屋被列出,并没有列出的项目仍然是盖板,导致新房子的将近两个星期的严重下降的供应。

After the IPO of The Industrial and Commercial Bank of China, its market value is about US$87 billion, This is almost one and half times of the collective market capitalization of all listed Indian banks - for the 37 listed Indian banks, this is about $ 62.76 billion (Rs 2,86,859 crore).

后工商银行首次公开发行的中国,其市场价值大约为870亿美元,这是近一年对所有上市的印度银行集体市值的1.5倍,使37个上市的印度银行-,这是约627.60亿(2,86,859亿卢比)。

After the IPO of The Industrial and Commercial Bank of China its market value is about US$87 billion This is almost one and half times of the collective market capitalization of all listed Indian banks - for the 37 listed Indian banks this is about $ 62.76 billion (Rs 286859 crore).

后工商银行首次公开发行的中国,其市场价值大约为870亿美元,这是近一年对所有Listing的印度银行集体市值的1.5倍,使37个Listing的印度银行-,这是约627.60亿(286859亿卢比)。

As an important restrictive term for a listed company to provide more stocks,the upper limit of debt ratio makes many listed companies try to have debt disposition.

一、我国上市公司的债务处置及其债务现状目前,债务比率上限是我国公司上市以及配股的重要约束条件之一。

Based on the models presented above, this paper provides the new design of the E1 to VC-4 mapping Application Specific Integrated Circuit that named MXLO21E1-3. The innovations of the chip are listed below.(1) One chip can fulfill 21 E1 tributaries to demultiplex and multiplex from and to two VC-4 buses that transfer in different directions (2) Put forward the new design scheme which combined the ADM system with TM system (3) Adopted the advanced pointer processor which remarkably restrain the output wander (4) Timing recovery is realized in the chip, which reduce the peripheral circuits The characters listed above made the MXLO21E1-3 advanced in the scale, system performance, and application allover the world.

在所建立的SDH系统集成模块概念的基础上,本文提出了一个新的SDH映射芯片MXLO21E1-3的方案设计,该方案创新性的特点在于:(1)单片实现21个E1双总线映射,其功能相当于目前国际应用最多的同类芯片的5倍(2)实现分插复用器ADM和终端复用器TM合二为一的系统设计(3)采用先进的指针处理,显著减小漂移(4)片内E1定时提取,进一步减少外围电路上述特点使该芯片在功能规模上,系统性能和应用上都具有国际领先水平。

This article defined the concept of biological weapon and listed its types after consulting lots of related data; it divided the history of biological weapon into three periods; it reviewed the general condition of biological weapon research in certain countries; it analyzed why this weapon had not been deracinated after so long a period of forbiddance; it listed the harms and ethical calamities aroused by biological weapon; and it suggested what people should do to deracinate this weapon.

另外,本论文做的工作还包括:参引众多资料,对生物武器的概念和类型进行了界定和厘划;从时间维度对生物武器的历史进行了三分,从空间维度对生物武器在各国的研究情况进行了总瞰;从国际法和国家利益等方面分析了生物武器屡禁不止的根由;从自然界可持续发展、人的生命关怀、人文精神等三个方面分析了生物武器对它们的破坏和由此带来的伦理灾难;指出了政治家、科学家、军人和普通民众在制止生物武器方面应起的作用。

Studies have shown that losing honest and credit iscorrelative with the social environment of influencing disclosure of information of listed company of our country. Unreasonable property relations of listed company are deep reasons; The unreasonable company administration structure is the immediate cause, it results from the unreasonable property relations; Today, information disclosure supervisory systems of our country do still imperfect, distempered, and the morals environment of the society is not good, they are also unfavorable to the honest disclosure of accounting information.

研究表明我国上市公司信息披露缺乏诚信主要与当前社会环境密切相关:上市公司不合理的产权制度是失信的深层原因;由不合理的产权制度所造成的不合理的公司治理结构是失信的直接原因;我国的信息披露监管制度仍不完善、不健全;当前社会的道德环境不佳等也不利于会计信息的诚信披露。

"Securities and Futures Commission to further improve the listed companies to apply for the refinancing of listed companies when the cash dividend of standards, from less than in the past three years to achieve average annual distributable profits of 20% to 30%, and the limit on cash dividends Way."

"证券及期货事务监察委员会,以进一步提高上市公司申请再融资的上市公司的标准时,现金股利,从低于过去3年内达到每年平均20%的可分配利润的30%,而限制说,现金股利之路。"

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