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Under the socialist market economy system, how to shift the main body of investment from the state to the nongovernmental economy and the nongovernmental capital requires the reform of investment system, and the demolishment of the policy obstacles related to the system, so as to ensure that the nongovernmental economy and the nongovernmental capital become the main body of investment, which is the key to the establishment of the socialist market economy system.

在社会主义市场经济体制下，如何使投资行为由国家为主体转变为民营经济和民间资本为主体，这就需要对投资体制进行改革，就要拆除制度政策障碍，确保民营经济和民间资本成为投资的主体，这是建立社会主义市场经济体制的关键。

The investment climate, is comprehensive external conditions which affect the form of direct investment in special time and space, is contradictory entia which are interactional investment-related society, nature, economy, law, culture, infrastructure and other elements.

投资环境是指影响直接投资形式的一定时间和空间领域内的外部条件的综合，是与投资相关的社会、自然、经济、法律、文化和基础设施等各种要素相互作用的矛盾统一体。

But in corporate the true motive that the manager making investment decision can not be directly observed, and as the secrecy of investment decision-making process and data in corporate, it is difficult to use the empirical analysis method to study the relationship between managerial entrenchment and investment myopia.

但在企业中经理人员决策投资项目的真实动机是不可直接观察的，加之企业投资决策过程和资料的保密性，很难通过实证分析方法对管理防御与投资短视行为之间的关系进行研究。

Calm of Chang Hao of chief inspector of investment of limited company of management of Shanghai Shang Ya investment bear, oneself are Buffett's epigone, the summary that invests a concept to value of Ba Fei spy has at 3 o'clock, invest thorough research, for a long time namely, be brave in to innovate, state oneself also insist to be in according to this kind of train of thought investment, from the point of the effect, in epicycle prices, this kind of choice is righter still.

上海尚雅投资管理有限公司投资总监常昊坦承，自己是巴菲特的追随者，对巴菲特价值投资理念的总结有三点，即深入研究、长期投资、勇于创新，并表示自己也坚持按照这种思路在投资，从效果来看，本轮行情中，这种选择还是比较正确的。

The investment fictionalization and the fictitious investment are inevitableoutcomes of the development of market economy, so during we establish the marketeconomy system, it has important realistic significance that utilizing fictitiousinvestment to promote economy development as well as paying attention to keepoverfull investment away.

第七章，虚拟投资在中国的实践和发展主要侧重对中国虚拟投资发展的分析，说明虚拟投资在中国的表现和特征，并根据分析提出初步的政策建议。

The fictionalization of the money and capital makecondition for the fictionalization of the investment. The fictionalization of theinvestment gained fully development from that. The essential content included thesources, tools, value increasing and the effect of the fictionalization of the investment.The financial innovation and furthering of finance impel the development of thefictionalization of he investment more and more.

货币虚拟化和资本虚拟化为投资虚拟化准备了前提和条件，在此基础上投资虚拟化得到了充分的发展，投资的来源、投资工具、投资增殖过程以及投资的效果的虚拟化构成了投资虚拟化的基本内容，金融创新和金融深化又进一步推动了投资虚拟化的发展。

Attracts the foreign direct investment along with our country increase, vanguard technologys introduction already became the attraction foreign merchant direct investment the core, the foreign direct investment to the region innovation systems influence, becomes focal point which the academic circle pays attention.

摘 要：随着我国吸引外商直接投资的增加，先进技术的引进已经成为吸引外商直接投资的核心，外商直接投资对区域创新体系的影响，成为学术界关注的焦点。

An investment game theoretic model was presented to study the externality in firms' network security investment with different investment costs and profits.

在企业投资成本和投资利润不同的情况下，应用博弈论理论计算了网络安全投资过程中，由于病毒传染所带来的投资负外部性，提出了信息安全的投资博弈模型。

Not only analyzing the basic option model of investment decision for single enterprise, the article introduces the popular game theoretic option and points out competition will erode the option value, so when the investors make decision, they can"t adopt the general basic option method for single enterprise"s investment decision. On this case, the preemption changes the investment start point and the optimal decision should adapt according this.

除了对单一企业的基本投资决策期权模型进行分析外，文章还引入了目前国际上较新的期权博弈理论，提出处于一定竞争态势下的企业在面对投资决策时，由于竞争的影响吞噬了项目推迟期权的价值，因而不能一概地采用最基本的单一企业投资决策期权方法，此时抢摊博弈使投资时点的判断发生了变化，企业的最优决策也应随之变化。

The thesis places an emphasis on present policy of treatment to foreign investment in China. To some degree China has authorized foreign investment national treatment is some areas, which is revealed in domestic laws and rules and bilateral treaties. Meanwhile, there are still some non-standardconditions in practice such as super-national treatment and sub-national treatment The author points out the major problems and cause in present treatment to foreign investment: the deviation between giddily mind and understanding; reconciliation between laws and rules; low level of marketing economic system and internationalization.

在此基础上重点是分析我国的现行外资待遇制度的现状：我国在一定范围、一定程度上对外商投资实行了国民待遇，它体现在我们的法律和法规上，表现在双边保护投资协定之中，同时在实施上还存在着超国民待遇与次国民待遇并存的不规范状况；指出我国现行外资待遇制度存在的主要问题和产生这种待遇制度的主要因素：指导思想和认识上的偏差、我国法律、法规的不统一和经济市场化和国际化程度不高等。

The use of the web to spread fears that flicking the switch on the LHC could create a Black Hole that could swallow up the Earth particularly concerned him, he said.

他说，使用互联网散布恐慌说启动LHC会生成一个可能吞噬地球的黑洞的做法让他感到忧虑。

Not a single word have I written down.

我一个字也没有写下来。