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The core of corporate governance is to build mechanism of conversion between human capital and physical capital encircling the human capital of entrepreneur .

公司治理的核心是以企业家人力资本为中心，建立人力资本与物质资本相互转化的产权制度。

In a world of imperfect capital mobility, Chinese policy can affect international capital flows and thus the real exchange rate that equilibrates trade in goods and capital.

在一个资本流动不甚完美的世界中，中国的政策可以影响国际资本流动，因而影响了实际汇率（商品与资本交易的均衡水平）。

In a world of imperfect capital mobility, Chinesepolicy can affect international capital flows and thus the realexchange rate that equilibrates trade in goods and capital.

在一个资本流动不甚完美的世界中，中国的政策可以影响国际资本流动，因而影响了实际汇率（商品与资本交易的均衡水平）。

Definitions of capital should be harmonized in order to achieve consistent measures of capital and capital adequacy.

为了资本和资本充足率前后一致，我们有必要规范资本的定义。

Because the risk of bamk industry exited due the short and bed debts of the capital, the supplement system of the capital needs to be built by market, includinig the inpouring of government, treatment of bed debts, issuance of secondary bonds,〓fering of negotiable securities, in order to open up the ways of capital supplement to the state-owned comttmercial bank.

资本金严重匮乏和巨额不良资产是我国银行业风险高度聚积的集中表现，无论从国家的注资、不良资产处置、还是银行发行次级债券以及资产证券化等的尝试，特别是次级债和资产证券化以及未来银行上市的证券发行等，拓展了国有商业银行资本金补充渠道，通过市场化行为建立了资本金补充机制；不良资产的体内和体外的处置机制创新极大地化解了银行风险，对已形成的不良资产处置积累了经验，也完善了风险管理和风险防范机制。

The cure for excessive investment is the exit of capital from what my former colleague Steve Galbraith calls the 'capital pigs'- overcapitalized industries - and the redeployment of that capital into new products and new industries that can use it productively.

投资过剩的解决之道就在于，资本退出那些资本过剩的行业，流向那些可以有效运用资本的新产品和新产业。

The stock option rights is a scientific mechanism prizing the property rights of entrepreneurs' human capital by the capital market, is a effective style about realizing the property rights of entrepreneurs' human capital.

股票期权是通过资本市场对企业家人力资本产权进行定价的科学机制，是企业家人力资本产权的有效实现形式。

Taking Venture Capital dramatic growth in the past two decades into consideration, we can sum up that Venture Capital, which have recuperated the vices of capital market and implied the requirement of New Economics, is an omnibus product of technique and market.

通过考察风险投资的发展进程，可以得出：风险投资反映知识经济的要求，弥补了资本市场的缺陷，是技术与市场高度融合的产物，同时，风险投资的发展离不开健全的市场经济法律制度的保障。

These concrete measures include: constructing multiplayer security-centered capital market to promoting development of medium-small enterprises to accumulating district industry capital and social capital rational allocation; developing non state-owned financial institution served private economy and redounding strategic adjustment and restructuring of state-owned economy by finance mechanism innovation.

在推进投融资体制改革市场化方向的前提下，我们还需要特别关注东北老工业基地结构调整中的特殊问题，如社会历史包附沉重、银行不良资产多，产业转型重组中下岗分流企业职工多，高新技术产业发展不够以及第三产业滞后发展等问题。

However, the human capital tramples on the natural capital while doing utmost to pursue profits, which facilitates the shape of traditional unsustainable development mode and even leads to severe regional crisis of environmental capital.

人力资本在穷尽利益追求的同时，践踏了自然资本，于是形成传统的不可持续的发展模式，导致严重的区域性环境资本危机。

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