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High-level participation in the company's IR, IR set up organizations, IR three aspects of the quality of personnel, in 2007 listed companies scored an average of 55.49,60.27 and 24.34 respectively, the management level, the average index score of 49.98, indicating China's listed companies in the quality of personnel there IR Less obvious.

高级别公司的红外参与,组织成立了红外,红外三方面的人员素质,2007年上市公司中,取得了55.49,60.27和24.34,平均分别管理水平,平均指数的49.98分,显示中国上市公司在人员素质有红外不太明显。

Chapter 4 turns to description and evaluation of disclosure violations by domestic listed company. Through statistical analysis in behavior under present framework of institution, it is easy to understand that current institution is of low efficiency and can not bond the listed company forcefully, and the tendency of breach of provisions is evident in information disclosure.

第四章是现状分析部分,转入对我国上市公司信息披露违规的描述与评价,通过对作为制度执行者和主要破坏者的上市公司在现行制度框架下的行为表现进行统计分析可以推论现行的制度效率不足以对上市公司构成强有力的约束,公司在信息披露过程中违规的倾向明显。

Convertible bond possesses three basic properties of bond, options and convertibility. It has the function of optimizing capital structure, but this function is not made full use of by Chinese listed company issuing Convertible bond, which, in a sense, affects optimization of capital structure of listed company .

可转换债券具有债券,期权及可转换三个基本属性,从理论上讲,可转换债券具有优化资本结构的功能,但这一功能并未被我国发行可转换债券的上市公司充分利用,这在一定程度上,影响了上市公司资本结构的优化。

Data show that the first half of A-share listed company IPO financing amounted to 90.602 billion yuan, up 33 percent reduction; and the same period of corporate bonds and corporate debt issuance size and funding has increased the size of listed companies bond financing the first time, more than the stock market IPO financing lines have been issued during the 30 corporate bonds and 13 corporate bonds to raise funds a total of 92.95 billion yuan.

数据显示,A股上市公司上半年的IPO融资总额为906.02亿元,同比减少百分之三十三,以及公司债券同期发行公司债券的规模和资金,增加了上市公司融资债券的规模首次超过股市IPO融资线已在30和13个公司债券发行公司债券筹集资金的总额929.5亿元。

For example, SSE 180 Index constituent stocks of the stock conversion rate does not exceed the maximum 70 percent, the highest rate of other stocks listed on the conversion does not exceed 65 percent; open-end exchange-traded index fund does not exceed the maximum conversion rate of 90%; treasury discount rate does not exceed the maximum 95%; other listed securities investment funds and bond discount rate does not exceed the maximum 80%.

例如,上证180指数成份股股票的转换率不超过百分之七十的最高,关于转换的其他股票比例最高不超过百分之六十五,开放式交易所交易的指数基金不超过最高转化率90%;国库折扣率不超过95%的最高,其他上市证券投资基金和债券折扣率不超过80%的最高。

The growth of convertible bond in China will come into a new page with the declaration of 《The management of convertiable bond for listed company》and the upsurge of convertible bond financing of listed company recently It is very necessary.to understand and analyz its features and its practice also summarize lessons expeirences in China.

因此了解和深入分析可转换债券的性质和它在中国的产生与发展,以及总结其在中国证券市场上的失败教训和成功经验非常有必要。

A listed company convertible bond is one kind of late-model finance derive from a listed company broadens a financing channel , urban and rural residents expands important investment implement with investment of breed , prosperous bond market under the implement , circumstances existing side by side in various financing way in the nowadays.

上市公司可转换债券作为一种新型的金融衍生工具,在当今多种融资方式并存的形势下上市公司拓宽融资渠道、城乡居民扩大投资品种、繁荣证券市场的重要投资工具。

Listed companies, securities market is the governance of listed company is the cornerstone of securities market, the company is the source of investment value.

上市公司是证券市场的主体,上市公司治理是证券市场的基石,也是公司投资价值的源泉。

Article 32 A securities registration and settlement institution shall supervise the stocks of listed companies held by a target asset management business client and shall ensure that a client can make inquiries about the shares of stocks of listed companies held by the client through the combined use of a special-purpose securities account and other securities accounts.

第三十二条证券登记结算机构应当对定向资产管理业务客户持有上市公司股份情况进行监控,保障客户可以查询其专用证券账户和其他证券账户合并持有的上市公司股份数额。

This paper points out that Maris on corporate profits and growth negative correlation exists between the assumptions are not suited to China's listed companies, on the economic transition period in China's listed companies, profit growth and the relationship between the potential shown new features.

本文指出,马里斯关于企业利润与增长之间存在负相关关系的前提假设不适应于我国上市公司,对处于经济转轨时期的中国上市公司而言,增长与利润之间的关系可能表现出新的特征。

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