查询词典 securities market

Securities tax systems deal with securities indirect tax , securities investment income tax and securities capital gains tax.

证券税制包含证券流转税、证券投资所得税和证券交易利得税等税种。

The results are consistent with the interpretation that positive intangible information tends to trigger institutional herding on the buy side.3. The securities Investment Funds act as momentum traders in bear market while as contrariant traders in bull market. Further analysis reveals that momentum trading by investment funds intensifies stock return momentum but stock price experiences a long-term reversal. It indicates return momentum results from mispricing instead of risk. The securities Investment Funds hamper market efficiency when they act as momentum traders.4 Both momentum trading and herding behavior intensify market anomalies and hamper market efficiency. However, momentum trading or herding behavior is the only one of the many aspects of the institutional investor.

第三，机构投资者的动量交易行为会加重了股票收益惯性，这一结论在分别控制股票规模、账面市值比因素后仍成立，并且机构投资者对股票的动量交易行为越强烈，股票收益的惯性也越明显，说明机构投资者具有影响股票价格的能力；进一步的分析表明，惯性利润在长期均实现反转，但反转的周期和程度受动量交易指标值的影响，股票动量交易程度越高，动量收益反转越强烈，反转周期越短，这表明机构投资者的动量交易行为使股价严重偏离其基础价值，在长期，股票价格不断调整逐渐靠近其基础价值，因此可以说，机构投资者对股票的动量交易行为会加重股票收益惯性和阻碍市场效率。

The author himself has been experiencing the turbulence of Chinese securities market, and has the same feeling of greed of human beings in securities market with the minority investors, and has apperceived the impact on law especially civil and commercial law imposed by the concept of right-orientation and the principle of good faith, so it is natural that the author chooses the Civil Liability of Securities Fraud to be the topic of his graduation thesis.

作者亲身体验了中国证券市场的动荡，并对通过证券市场表现出来的人性贪婪的一面与弱势投资者感同身受，加之数年受法律尤其是民商法权利本位、诚实信用观念的冲击，于是有了本文便是自然而然的事情了。全文除了前言和结语外，分为三个部分，计三万八千余字。第一部分，首先对全文的两个关键词——证券和证券市场依据国内立法作出了界定。证券是经济发展到一定阶段的产物，指的是记载并且代表一定权利的凭证。

Chapter three:"The development and present situation of delisting system in our country's securities bussiness'Un this section, the necessity of establishing and consummating the delisting system is discussed and refer to some regulations of Company Law, Securities Law and the rivision process of "Measures for listing suspension and prohibition of loss-making listed company", the text analyses the changing characters of the stock market and the necessity of revision of the "Listing regulations of the stock"which is used in the Shenzheng and Shanghai securities exchange concourses and devides the development process of our delisting system into several sections with pointing out the influence to the stock market which is produced by relative regulations."

第三章为&我国证券市场退市制度的发展历程及现状&，本部分首先论述了我国建立和完善证券市场退市制度的必要性，并从我国《公司法》及《证券法》中有关退市的规定入手，通过对《亏损上市公司暂停上市和终止上市实施办法》前后几次的修订过程，分析了我国实施&退市令&前后证券市场的变化特征以及深沪两个交易所修订《股票上市规则》的必要性，将我国退市制度的发展过程分为几个阶段，列示了制度中的有关规定及对证券市场的影响。

We are here completely objective, intentionally or unintentionally, to record their mistakes: CITIC Securities in 2008 that "the first half of the United States but might be better to weaken China"; China Merchants Securities said that the index to 10,000 points, because of higher labor productivity, so China No problem, but also to open along the bubble era of big companies; Guosen Securities, said a simpler, technology advances, so growth in exports was supported; Shenyin Wanguo said that no matter what the stock market in 2008 did not worry about money, there is support, well-known analyst of "spiritual leader," said Gao Shanwen the second half of 2008 or the bull market

我们在这里完全客观的，有意或无意地记录自己的错误：在2008年中信证券指出&美国上半年，但可能会更好削弱中国&，中国招商证券表示，该指数上万点，是因为更高的劳动生产率，这样，中国没问题，而且还打开沿大公司的泡沫经济时期，国信证券表示，简单的，技术的进步，因此在出口增长的支持；申银万国表示，不管2008年股市不担心钱，有支持，著名的&精神领袖&分析师说，郜山雯在2008年或牛市下半年

Appreciation of the securities market is concerned, there are three main implications: the first is the impact on the performance of listed companies, the RMB appreciation will change the import and export of China's current situation, thereby affecting import and export of listed companies with high dependence on the basic face and performance, particularly in the U.S. dollar clearing of goods even more pronounced effect; second is the appreciation of the RMB exchange rate policy decisions affecting the securities market behavior, indirect effects of stock market prices; third is the impact on money supply and the stock market, appreciation could lead to speculative capital inflows or outflows.

升值对证券市场而言，主要有三个方面的影响：第一是对上市公司的业绩造成影响，人民币升值必将改变我国现有进出口状况，进而影响对进出口依存度高的上市企业的基本面及效绩，尤其是以美元结算的商品影响更为突出；第二是人民币汇率升值影响证券市场决策行为，间接影响证券市场价格；第三是对证券市场的资金供求造成影响，升值可能导致投机性资金的流入或流出。

Thus, we should establish a credit risk revealment system with the base of information revealment, also securities issue system with the core of credit rating. Based on the Regulation on Credits Management, we should remedy the law related to credit system, complete the property right system of listed companies and juridical person management structure, complete securities issue and auditing system, establish a dynamic information revealment system, reinforce supervision of listed companies, establish and complete investors protection system, construct operation criterion of credit system and culture of trust with the core of credit rating in securities market.

鉴此，应该建立以信息披露为基础的资信评估信用风险揭示机制、构建以资信评估为核心的证券品种发行制度，在出台《征信管理条例》的基础上，修改与信用制度相关的法律，完善上市公司的产权制度、法人治理结构，完善证券发行、上市审核制度，建立动态的信息披露制度，加强对上市公司的监管，建立和完善投资者保护制度，建立以资信评估为核心的证券市场信用制度和诚信文化的执业标准。

The first three quarters, shares linked to domestic securities underwriter, CITIC Securities and China International Capital Corporation, Goldman Sachs Gao Hua, Guotai Junan, Guoxin Securities top five, respectively, occupy 30.1%, 29.3%, 14.1%, 11.2%, 3.9% market share.

前三，股票与国内证券承销商，中信证券和中国国际金融有限公司，高盛高华，国泰君安，国信证券前五位，分别占30.1％，29.3％，14.1％宿舍，11.2％，3.9％的市场份额。

In China Taiwan market as represented by two-track system, the securities and financial companies are not living in a monopoly, which is characterized mainly: securities companies and securities and financial transactions in the credit business competition and cooperation.

按双轨制度，证券和金融企业为代表的不是生活在一个垄断的，它的主要特点是：证券公司，证券和信贷业务竞争与合作的金融交易。

Shanghai has established a relatively complete financial market system with a fair size and a quite strong influence, a system which includes a securities market, a foreign exchange market, a discount market, an insurance market, and a bullion trading market,etc..

上海已建成了具有一定规模与影响的比较完整的金融市场体系，其中包括证券市场、外汇市场、贴现市场、保险市场、金银买卖市场等。

Although translator has turned from being a crystal ball by which the original culture can unrestrainedly penetrate to another crystal ball by which the target culture can freely traverse, the translator's personal embodiment, in the process of cognitive act, are still absent in translation studies. Translators are still subjects without body or simply disembodied subjects.

译者虽然由原语文化可以自由穿透的玻璃球变成了译语文化可以自由穿越的玻璃球，但译者认知过程中的个体体验在翻译研究中依然缺席，译者依然仅仅是一个没有躯体体验的主体。

Chillingly, he claimed our technology is 'not nearly as sophisticated' as theirs and "had they been hostile", he warned 'we would be been gone by now'.

令人毛骨悚然的，他声称我们的技术是'并不那么复杂，像他们一样，和"如果他们敌意"，他警告说，'我们将现在已经过去了。