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The breed setting up here , managing equally includes maximal USA forward market- Chicago commodity exchange and Chicago futures exchange: Finance bill futures contract , exchequer debt futures , treasury bill futures , stock exponent futures and call-option business etc.

美国最大的期货市场-芝加哥商品交易所和芝加哥期货交易所均设在此,经营品种包括:金融票据的期货契约,国库债期货、国库券期货、股票指数期货和期权交易等。

At the end of the course students will be familiar with the features and functions of major financial markets and institutions such as money, bond, stock, foreign exchange and derivative markets, central bank, commercial and investment banks, stock exchanges, brokers and fund managers.

学生将从此课程的学习中,清楚了解国际货币,债券,股票,外汇和衍生产品市场的特征和功能,并了解中央银行,商业银行,投资银行,证券交易所,证券交易商,基金公司等金融机构的业务运作特征。

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。

The Treasury and the Congress have been deliberating inconclusively on China's exchange rate policy since 2003, when the country's balance of payments surplus was a tenth of what it is now and its foreign exchange reserves were a sixth of the current stock of $2,500bn (1,840bn, 1,660bn).

自2003年以来,美国财政部和国会一直在审议中国的汇率政策,但都没有做出确切的结论。

The asset of stock right: the stock right of a debt-to-equity swap enterprise as held by an asset company and the stock rights of all kinds of enterprises as held by the other means such as asset exchange and swapping debts with assets

股权类资产:资产公司持有的债转股企业股权,通过资产置换、资产抵债等其他方式持有的各类企业股权

With a background of heated gold investment, most new passionate investors came into the market without simply understanding the gold investment. This made many investors lost their capital when first stepped into the market. In addition, many gold exchange types are specialized in enlarging guarantee sum. Compared with investment in stock market, investors who invested in types characterized in enlarging guarantee sum would likely to face more risks and challenges. Those risks could enlarge investors' one-year loss in stock market to one-day loss in gold market. Nowadays, Chinese gold market can be differentiated into material gold market, paper gold market, in-stock gold and future gold market. Because of the enlarging system in international gold market, investors may lose to the bottom in one day if he or she chose a guarantee sum dealer with an highly enlarging system. Of course, this is an ultimate example. In gold market, the type with the least risk is material gold, such as gold memorative silver coin, material piece of gold and gold brick. Material gold investment enjoyed its popularity among middle or large cities located in the middle and eastern part of China.

在黄金投资火热的背后,是大部分新入市投资者盲目的热情,由于对黄金投资缺乏了解,很多投资者入市即被套,而且很多黄金交易品种具备保证金放大效应,和在股市投资相比,投资者炒作保证金放大品种进行投资,往往需要面对高额风险,这种风险可以使投资者在股市中一年时间遭受的损失在一天内就提现出来,现在国内黄金市场主要分为实物黄金市场、纸黄金市场、黄金现货、黄金期货市场,其中国际黄金现货市场由于存在高度放大机制,如果投资者选择具备高度放大的保证金交易商,经常会出现一天内就会血本无归的情况,当然,这是极端的情况,黄金市场中,风险最小的是实物黄金,例如黄金纪念金银币、实物金条、金砖,实物黄金投资在中东部地区大中城市比较流行。

With a background of heated gold investment, most new passionate investors came into the market without simply understanding the gold investment. This made many investors lost their capital when first stepped into the market. In addition, many gold exchange types are specialized in enlarging guarantee sum. Compared with investment in stock market, investors who invested in types characterized in enlarging guarantee sum would likely to face more risks and challenges. Those risks could enlarge investors' one-year loss in stock market to one-day loss in gold market. Nowadays, Chinese gold market can be differentiated into material gold market, paper gold market, in-stock gold and future gold market. Because of the enlarging system in international gold market, investors may lose to the bottom in one day if he or she chose a guarantee sum dealer with an highly enlarging system. Of course, this is an ultimate example. In gold market, the type with the least risk is material gold, such as gold memorative silver coin, material piece of gold and gold brick. Material gold investment enjoyed its popularity among middle or large cities located in the middle and eastern part of China.

在黄金投资火热的背后,是大部分新入市投资者盲目的热情,由于对黄金投资缺乏了解,很多投资者入市即被套,而且很多黄金交易品种具备保证金放大效应,和在股市投资相比,投资者炒作保证金放大品种进行投资,往往需要面对高额风险,这种风险可以使投资者在股市中一时间遭受的损失在一天内就提现出来,现在国内黄金市场主要分为实物黄金市场、纸黄金市场、黄金现货、黄金期货市场,其中国际黄金现货市场由于存在高度放大机制,如果投资者选择具备高度放大的保证金交易商,经常会出现一天内就会血本无归的情况,当然,这是极端的情况,黄金市场中,风险最小的是实物黄金,例如黄金纪念金银币、实物金条、金砖,实物黄金投资在中东部地区大中城市比较流行。

With a background of heated gold investment, most new passionate investors came into the market without simply understanding the gold investment. This made many investors lost their capital when first stepped into the market. In addition, many gold exchange types are specialized in enlarging guarantee sum. Compared with investment in stock market, investors who invested in types characterized in enlarging guarantee sum would likely to face more risks and challenges. Those risks could enlarge investors' one-year loss in stock market to one-day loss in gold market. Nowadays, Chinese gold market can be differentiated into material gold market, paper gold market, in-stock gold and future gold market. Because of the enlarging system in international gold market, investors may lose to the bottom in one day if he or she chose a guarantee sum dealer with an highly enlarging system. Of course, this is an ultimate example. In gold market, the type with the least risk is material gold, such as gold memorative silver coin, material piece of gold and gold brick. Material gold investment enjoyed its popularity among middle or large cities located in the middle and eastern part ofChina.

在黄金投资火热的背后,是大部分新入市投资者盲目的热情,由于对黄金投资缺乏了解,很多投资者入市即被套,而且很多黄金交易品种具备保证金放大效应,和在股市投资相比,投资者炒作保证金放大品种进行投资,往往需要面对高额风险,这种风险可以使投资者在股市中一年时间遭受的损失在一天内就提现出来,现在国内黄金市场主要分为实物黄金市场、纸黄金市场、黄金现货、黄金期货市场,其中国际黄金现货市场由于存在高度放大机制,如果投资者选择具备高度放大的保证金交易商,经常会出现一天内就会血本无归的情况,当然,这是极端的情况,黄金市场中,风险最小的是实物黄金,例如黄金纪念金银币、实物金条、金砖,实物黄金投资在中东部地区大中城市比较流行。

This paper is composed of four parts: the first part is the exordium and explain the developing trend of researches of exchange rate volatility, the second part introduce the data that used in this article and describe the character of the object, the third part simulate the daily exchange rate of the ShangHai Stock Composite Price Index with ARCH models, the fourth part forecast the volatility of the daily exchange rate.

全文共分为四个部分:第一部分阐述了关于收益率波动研究的发展趋势,并总结了国内外基于ARCH 模型的一些实证研究成果;第二部分介绍了本文研究所使用的数据及处理方法,并对该数据的统计特征进行描述;第三部分引入ARCH 族模型对上证指数的日收益率序列进行拟合研究,通过拟合不同的模型揭示了日收益率波动过程中条件异方差的波动特征,定量的刻画了收益率波动的不确定性;第四部分将拟合的模型应用于对收益率波动的预测,分别从定性预测和定量预测两个角度介绍ARCH 族模型的应用实例。

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。

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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.

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A single payment file can be uploaded from an ERP system to effect all pan-China RMB payments and overseas payments in all currencies.

付款指令文件可从您的 ERP 系统上传到我们的电子银行系统来只是国内及对海外各种币种付款。