查询词典 speculate on the stock market

If the Final Stock Price on the Final Fixing Date is below the Reference Stock Price, where the Share Purchase Option is not exercised, a cash amount equal to the Final Stock Price multiplied by the Number of shares per ELI, less Cash Settlement Expenses. or, where the Share Purchase Option is exercised or is deemed to have been exercised, physical delivery of the Number of Shares per ELI (subject to payment of the Physical Settlement Expenses). If there is any Odd Lot Shares, instead of physical delivery of such Underlying Stock, ELI holders will be entitled to receive a cash amount calculated in accordance with the Condition 6.

倘最终股价於最终定价日低於参考股价，倘购股选择权并无被行使，指相等於最终股价乘以每份股票挂钩投资的股票数目的现金金额，再减现金结算费用。；或倘购股选择权被行使或被当作已被行使，指实物交付每份股票挂钩投资的股票数目如有任何不足一手股票，则股票挂钩投资持有人将有权就该等不足一手股票收取一个根据细则第6条计算的现金金额，而不会以实物交付该挂钩股票。

With the fast development of China's financial market, the key elements of financialmarket (debenture market, stock market, foreign exchange market and futures market)have developed greatly both in exchange size and varieties exchangeable.

随着中国的金融市场的市场化改革的加速推进，我国的金融市场的重要组成部分债券市场、股票市场、外汇市场和期货市场无论是从规模、还是可以交易的产品品种都得到了空前的发展。

In the capital market of our country, bond market, especially the proportion of development of the bond market of the enterprise and stock market is very incongruity, It has been a" short leg" of the securities market of our country all the time.

在我国的资本市场中，债券市场，特别是企业债券市场与股票市场的发展比例很不协调，一直是我国证券市场的一条"短腿"。

So pricing of A-share will be different from foreign share's pricing. Policy intervened is an important factor of unusually fluctuates on the stock market of China, and exert a great influence on the skew of the market price. The arrangement of market system and market assured by government make the market up and down caused by policy.

七、政策干预是中国股票市场异常波动的一个重要因素，并对市场定价偏移产生重大影响，我国股市制度安排和政府为股市隐形担保导致政府时刻受制于股市的涨跌，而频繁调控股市又造成股市的政策依赖性较强、市场系统风险加大等不良后果，最终使政策稳定市场能力逐步减弱，甚至失去效用。

The article uses the data on stock market of our country Hong Kong to undertake a case of a physically strong patient running a high fever or suffering from such disorders as stasis of blood examines , discover oversell trades the mechanism is a quite complex process to the influence of whole market , final effect way aggravate market fluctuates or stablize the market to fluctuate depend on strategy of type of negotiant of the oversell in the market , operation and the public rate that hand in credulity breath .

文章利用我国香港股票市场上的数据进行实证检验，发现卖空交易机制对整个市场的影响是一个相当复杂的过程，最终的影响方向(加剧市场波动还是平抑市场波动)取决于市场中卖空交易者类型，操作策略及交易信息的公开程度。

In market aspect,MNEs have rigidity of market crowding out,can possess market rapidly and potentially,build the bulwark of market entering,while it also has absolute advantage of brands. At the same time,they also develop a pattern of value chain of vertical specialization,by which,Chinas enterprises may have a chance to get into MNEs global value chain and acquire market room. In industry aspect,while MNEs control the industry by stock property and the advantage of brands,they provide a chance of industrial transfer and industrial linkages. Chinas enterprises could strengthen industrial linkages and achieve industrial drive by technology innovation and agglomeration effect. In technology aspect,because of the nature of MNEs technology monopoly,Chinas enterprises must face the dilemma of technology dependence,technology unadaptability and technology trap. But MNEs may also transfer technology to Chinas enterprises by competition effect,demonstration effect and cooperation effect. Moreover,Chinas enterprises could make use of MNEs investment of "oligopolistic reaction"in China to accelerate technology transfer.

在市场层面，跨国公司对中国企业具有市场挤出的刚性，市场占有速度快、潜力大，构筑市场进入壁垒，具有绝对品牌优势，但也在中国形成垂直专业化分工的价值链模式，中国企业获得链入跨国公司全球价值链，获取自身市场空间的机会；在产业层面，跨国公司借助股权安排和品牌优势实施产业控制，但也提供了产业梯度转移和产业关联的契机，中国企业可以通过技术创新和聚集效应，增强产业关联，实现产业带动；在技术层面，跨国公司出于技术垄断本性，使中国企业面临技术依赖、技术非适应性甚至技术陷阱的困境，但也通过竞争效应、示范效应、合作效应对中国企业进行技术转移，中国企业还可以利用跨国公司在华&寡占反应&投资，加速技术转移。

For the security market with restricted borrowing and short sale unallowed, Options pricing formula are advanced, and the relation between them and Black-Scholes Options pricing formula is discussed. The essence of Black-Scholes Options pricing formula is set forth. To the security market with restricted borrowing and short sale unallowed, stock returns risk pricing formula is advanced and the demonstration analysis of China security market is provided. From the demonstration analysis, arbitrage exists in China security market, which can be applied to explain the riddle of a great deal of China bank money and hot money swarming into China security market.

本文在B-S期权定价的基础上，直接利用股票本身的参数推导出股票收益率风险的定价公式；对不允许融资和卖空的证券市场，给出了看涨期权和看跌期权的定价公式，并讨论了他们和相应B-S期权定价公式之间的关系；对B-S期权定价公式的本质做出了阐述；对不允许融资和卖空的证券市场，给出了股票收益率风险的定义；利用股票收益率风险的新定义，对中国证券市场进行实证分析，得出中国证券市场存在套利，解释了2006年和2007年中国大量银行资金和国外热钱流向中国股市之谜。

Last week because of pipe price adjustment, market price significantly influence of group received, the market by volume also significantly influence, market dealer in receiving tube to reduce price information, respectively, but due to the stock market wait-and-see thicker atmosphere, the market price, clinch a deal after adjusting dealers still insufficient ideal.

上周由于管坯价格的调整，市场售价明显收到了调价的影响，市场成交量也受到明显影响，市场经销商在收到管坯调价信息后，着力降低各自的库存，但由于市场观望气氛较浓，市场经销商调整价格后，成交情况仍然不够理想。

In the capital market of our country, bond market, especially the proportion of development of the bond market of the enterprise and stock market is very incongruity, It has been a" short leg" of the securities market of our country all the time.

在我国的资本市场中，债券市场，特别是企业债券市场与股票市场的发展比例很不协调，一直是我国证券市场的一条&短腿&。

In conclusion, there are anomalistic phenomenons in Chinese security market. It is because of the serious institutional limitation of Chinese stock market. From various statistic data, Chinese stock market is marginalized. We should pay enough attention to it.

总之，我国证券市场的运行出现了极其不正常的现象，这是由于我国股票市场根深蒂固的制度缺陷造成的，从各种统计数据来看，我国股票市场正在逐步边缘化，应当引起我们的高度重视。

He paid $5,000 for this cupcake.

他我这个纸杯蛋糕花了5000美元。

I mean, if you want to, that is

我的意思是，如果你们想吃的话。