查询词典 preference stock

You probably realize by now that our trading preference is stock options.

你可能醒悟到，我们的贸易是偏好股票期权。

In fact, inferior share price makes stock more the preference that invite a person, the city of Neptune celestial bodies is filled with nowadays rate only 12 times, and profit growth expects this company this year for 22%, the city this year is filled with giant network rate anticipate only 8 times the left and right sides, new the city of intermediary of China money classics is filled with do not lead 3 times.

事实上，较低的股价使得股票更讨人偏爱，如今海王星辰的市盈率仅12倍，而该公司今年利润增长预期为22%，巨人网络今年的市盈率预期仅8倍左右，新华财经传媒的市盈率不到3倍。

Since the first open-end fund issue, there are 5th redemption, which also reveals more profound form of market phenomena causing open-end fund liquidity risk. In 2002, the open-end fund market was just established, in order to expand the size, many funds only attract institutional investors, and do not distinguish between investor by their liquidity preference. Under such single structure, institutional investors large size redemption will cause fund scale reduced significantly, which suffered huge losses. In 2003, as the Funds growth, more and more retail investors join in fund market and occupy a dominant position. Due to the lack of awareness of the fund market, they all use the concept of stock investment.

自开放式基金成立以来，中国历史上的5次赎回也更深刻的揭示了构成开放式基金流动性风险的市场现象。2002年为开放式基金成立初期，很多基金为了吸纳资本，扩大规模，只面向机构投资者融资，并且不区分投资者的流动性偏好，在这种单一的结构下，机构投资者的大额赎回就导致基金规模的锐减，从而遭受巨大损失。2003年，随着基金的发展，越来越多的散户介入其中并占据主导地位，由于缺乏对基金市场的认识，按照原有投资股票的理念投资基金，所以在低迷的股市稍有起色，基金稍有赢利时，就开始赎回，造成了多只基金净值的损失。2005年，保险行业可以直接入市，再加之逐渐回升的行情和基金公司高额的手续费，很多保险公司开始赎回持有的基金转而直接入市。

It is finance motive that transforms the flow demand for credit/fund to the stock demand for money, thus bridging the gap between the classical theory of interest and liquidity preference theory.

而且，融资动机把对资金的流量需求转化为对货币的存量需求，从而从逻辑上沟通了古典利率理论和流动性偏好理论。

And then the paper analyses the influence of the preference of share financing about the Chinese listed companies. The paper sets up the mode of the debt financing-internal cash flow sensitivity by analyzing Has financing constraints theories. And it selects the listed non-financial companies of Shanghai and Shenzhen stock markets to do the demonstration. Two conclusions can be reached from the empirical study:(1) There is a remarkable negative relativity existing between china's listed companies' debt financing and internal cash flow. As the increase of the internal cash flow, the company's debt will decrease. The sensitivity between the two inclines to strengthen with the lapse of time.

通过对融资约束的理论分析，本文建立了债务融资与内部现金流量敏感性分析模型，并以沪市和深市的非金融类上市公司作为样本进行线性回归分析，得出以下结论：(1)中国上市公司债务融资与内部现金流量之间存在着显著的负相关性，即随着内部现金流量的增加，企业的债务融资额将会减少，且随着时间的推移，二者的敏感性有增强的趋势。

Preferential share =preference share, preferred stock

优先股；红利先取股

He also stressed that even if such non-listed preference shares are trading market, and its liquidity may also be less than listed in the Stock Exchange trading common stock.

他还强调，即使这些非上市优先股的交易市场，其流动性也可能会低于在证券交易所上市交易的普通股。

But corporations' preference to stock makes stock market experiences a rapid developing period comparing to bond market.

但是公司制企业最初对股权融资的偏好使股票市场相对于债券市场而言经历了一个快速发展期。

On the basis of this, the system of exchangeable and unexchangeable stock and other environmental issues of finance governance are the comprehensive reason of preference of stock financing of companies in our security market.

在以上分析研究的基础上，本文提出了以下改进建议：建立以大股东治理为主的综合财务治理模式；加强外部股东对内部股东的监管机制；建立经理人持股激励机制；加强经理人的外部约束机制；加强银行对企业的监控力度；建立有效的偿债保障机制；发展企业债券市场；培育机构投资者并创造使他们能有效发挥作用的条件；加强中小投资者法律保护等。

Studies on the prudence of their stock preference will provide help to forming the prudent investment concept for Chinese institutional investors, and to giving some useful suggestions to our decision-makers and regulation system. So this paper is practically and theoretically important. Guided by above objectives, we make an empirical study on stock preferences of Chinese institutional investors. Our study is based on models and methods designed by S.G.

上述情况表明，我国监管层和学术界对该问题的重视不足，因此，对我国机构投资者的审慎性持股偏好进行实证研究，进而为机构投资者审慎投资理念的树立、为决策层、监管层的政策制定与监管实施提供参考意见，也就具有非常重要的理论价值和现实意义。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。