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Human capital can be exchanged, and exchange degree is related to the degree of transiting individual human capital into organizational capital.

个体人力资本是可以转化的，转化程度和个体人力资本向组织资本转化的程度有关。

It analyzes how to build up an enterprises core competence from the angle of human capital, structure capital and relationship capital.

从人力资本、结构资本和关系资本的角度出发，分析如何建立企业的核心竞争力。

It, from the angle of human capital accumulation, compares concepts of human capital, human resources and knowledge capital and distinguishes their interrelations and differences.

在界定人力资本积累概念的基础上，对人力资本、人力资源、知识资本的概念做了比较研究，明晰了三者之间的关联与区别。

The article uses CK model, put this foreign currency asset, money capital fund and bubble the model to undertake an analysis at the same time, the existence that discovers bubble capital fund is helpful for attracting capital, raise manufacturing level of home.

文章使用CK模型，将外币资产、本币资产和泡沫同时放入模型进行分析，发现泡沫资产的存在有利于吸引资金，提高国内的生产水平。

In this connection, policy contradictions resulting from the 'Policy Trilemma' proposed by Mundell-Fleming are examined to analyze the cost of gradualist capital account openness, such as capital flight in anticipation of currency devaluation and excess capital inflow coupled with asset appreciation spawned by currency revaluation.

本文首先以蒙代尔-弗莱明&三元悖论&导致的政策冲突分析了资本账户渐进开放的成本，如货币贬值预期下的资本外逃、货币升值预期情况下的资本过度流入以及资产价格上升等。

Efficiency of capital markets more dependent on market endogenous growth, for this purpose, we must vigorously promote the overall market-oriented innovation, capital markets and guide the direction of development onto the market to ensure that all sectors of the market's smooth operation and closely with the elimination of the capital market functions on the various links of the chain of possible defects and block, to achieve efficient and effective functioning of the entire system and the continuous improvement of market efficiency.

资本市场的效率更依赖于内生性增长的市场，为此目的，我们必须大力促进社会的全面面向市场的创新，资本市场，引导到市场的发展方向，以确保所有市场的顺利运作部门，密切配合关于对可能的缺陷和阻止链的各个环节消除资本市场功能，以实现高效率和有效运作的整个体系和市场效率不断提高。

In the end, based on above-mentioned study, we give policy recommendations such as perfecting relevant financial regulatory laws so as to timely propose mixed manage of financial industry, continually developing and perfecting bond market so as to broaden linking channels between money market and capital market, development of bond market, reducing the entrance constraints between money market and capital so as to strengthen the connectivity of investors between money market and capital market.

在上述研究的基础上，提出应健全和完善我国金融监管相关法律，适时推出金融业的混业经营模式；继续发展和完善债券市场，拓宽我国货币市场和资本市场的连通渠道；降低货币市场和资本市场准入门槛，增强两个市场投资主体的连通性等政策建议。

This paper discusses the theory on the measurement of human capital value from the angle of economy and accounting on the basis of discriminating between the value and price of human capital. The author considered that the value of human capital should be adopted into the value information system of a enterprise and analysis on the value be contained in the analysis of a enterprise's value to meet the demanders.

本文在对人力资本的价值与价格进行辨析的基础上，从经济学和会计学的角度探讨了人力资本价值计量的理论问题，认为人力资本价值应该纳入企业价值信息系统，企业价值分析应该增加对人力资本价值的分析，以利于企业内外信息使用者的需要。

Zero working capital management through the reduction in current assets' investment, causes the working capital to account for the enterprise total turnover the proportion tends is smallest, is advantageous for the enterprise the more fundings invested to the income high fixed asset or the long-term investment; through floats a loan the current liabilities to meet the working capital need massively, reduces enterprise's fund cost.

零营运资金管理manage通过减少在流动资产上的投资Investment，使营运资金占企业Company总营业额的比重趋于最小，便于企业Company把更多的资金投入到收益较高的固定资产或长期投资Investment上；通过大量举借短期负债来满足营运资金需求，降低企业Company的资金Costs成本。

Zero working capital management through the reduction in current assets' investment, causes the working capital to account for the enterprise total turnover the proportion tends is smallest, is advantageous for the enterprise the more fundings invested to the income high fixed asset or the long-term investment; Through floats a loan the current liabilities to meet the working capital need massively, reduces enterprise's fund cost.

零营运资金治理通过减少在流动资产上的投资，使营运资金占企业总营业额的比重趋于最小，便于企业把更多的资金投入到收益较高的固定资产或长期投资上；通过大量举借短期负债来满足营运资金需求，降低企业的资金成本。

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