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Certainly have not suffered loss, Li is a former British Hong Kong government is one of Li Ka-shing is indeed business Wizards, in the case of real estate are constantly rising had considered restructuring and the transfer of assets, has bought some foreign quality assets, telecommunications companies such as Germany orange shares, the New Jersey ports, the Panama Canal shares, and Hong Kong Cyberport aggressively into the building, will tentacles stretching the transformation and upgrading of telecommunications, Li Ka-shing is the only person in his fox, and many people are of the view that is Li and the former British Hong Kong government to give them weaving a better future, a beautiful dream, and Tung took office play his body more healthy, more destructive power of the strong characteristics of this beautiful dream hit a smash, this is one is caught, the onlookers-to the real estate collapse of the responsibility of all to Mr Tung who is totally unjustified, Although Mr Tung to the mainland, Beijing has followed some acts are in the eyes of some people, but to objectively evaluate, Dong is a honest kind of person, he is inadvertently let Tianzao point that the arrival and the day is certainly coming, the night time, the more devastating losses, Originally, the intention is that Mr Tung real estate prices trend eased, and then the case now almost Shanghai, prices every quarter on a 20% increase, almost all Hong Kong people have been crazy, and just opened a new development, the stage has long been ranked team to effectively alleviate this situation, the new SAR government changed in the past starvation effect of land supply policy, a substantial increase in the level of land supply in order to stabilize high land prices, while the Yuen Long, New Territories into the new City of mass construction, the expansion of public housing, housing construction plan (equivalent to our low-cost housing, economic applicable housing), if no major accident These measures should ensure that real estate to landing, but nobody thought that 98 years of financial turmoil, Hong Kong dollar devaluation Suoluosiming gambling, but the call foul silent do real estate, stock market doing transactions, the use diversionary tactics tactical let him return home with a full load, although the SAR government have been successfully defend the Hong Kong dollar does not depreciate, but the housing market and stock market watch.

当然也有没受损失的，李嘉诚算一个，前港英政府也算一个，李嘉诚不愧是商界奇才，在房地产不断攀高的情况下就已经考虑资产的转型和转移了，先后购买了一些外国的优质资产，如德国橙电信公司的股份、新泽西的港口、巴拿马运河的股份，并大张旗鼓地投入香港数码港的建设，将触角伸进香港电信的升级改造，李嘉诚做人方面堪称是只老狐狸，很多香港人都认为，是李嘉诚和前港英政府给他们编织一个美好的前程、一个美丽的梦，而小董上台后发挥他那身体越健壮、破坏力越强的特点，将这一美丽的梦击个粉碎，这正可谓是当局者迷、旁观者清，将香港房地产崩溃的责任全部归咎于董建华身上，是完全没有道理的，虽然董建华在靠近大陆、追随北京方面有些行为在港人眼里是过了一些，但客观地评价，董是一个老实厚道的人，他只不过是无意中让那一天早一点到来，而那一天是肯定会到来的，时间越晚，损失越惨重，本来董建华的初衷是希望房地产上涨的趋势有所缓解，当时香港的情形与现在的上海差不多，房价每隔一个季度就上涨20%以上，几乎所有的港人都为之疯狂，新楼盘刚开张，台前早已排起长长的队伍，为有效地缓解这一局面，新上任的特区政府一改以往饥渴效应的土地供应政策，大幅度地增加一级土地的供应，以平抑高昂的地价，同时宣布元朗、新界等新城区进入大规模建设，扩大政府公屋、居屋营建计划（相当于我们的廉租房、经济适用住房），如果没有大的意外，这些措施应该能保证房地产的缓着陆，但谁也没想到，98年的金融风暴，索罗斯明赌港币贬值、暗里却大做不动产、股市空头交易，这一声东击西的战术让他满载而归，虽然特区政府成功地实现了捍卫港币不贬值的目标，但香港的房市、股市从那一刻起，一败涂地。

Whether is it a listed company or unlisted company, joint-stock company or limited company, the system can apply to without striction, and it is irrelevant to the liquidity of the stock and irrelevant to company's nature.

通过比较研究，无论是上市公司还是非上市公司，股份公司或是有限公司，该制度都可不受限制的加以适用，同股票的流动性无关，也与公司是资合还是人合关系不大。

Research of stylized facts of stock market in different market states has guiding meanings on understanding of stock market operation.

研究不同市场形态下股票市场的特征性事实对理解股市运行有指导意义。

The relationship of the stock price and the performance of the listed companies and some of the related problems are studied in this paper, using the method the time series analysis by selecting ROE and EPS as the indices of the performance of the listed companies, while the SHSE composite index and SZSE Comp. Subindex as the proxies of the stock price.

选取净资产收益率和每股收益指标代表上市公司的业绩，上海综合指数和深圳成份指数作为股票价格表征，运用时间序列分析方法，在对各序列特征进行全面分析的基础上，重点对股票价格与上市公司业绩两者之间的变动关系进行了研究。

Subindex as the proxies of the stock price.The results show that(1) there is no long equilibrium relation between the stock price and the performances of the listed companies,that means the movements of ...

研究发现：①股票价格与上市公司业绩变化之间不存在长期均衡关系，说明股票价格不反应上市公司业绩；②沪市指数和深市指数之间存在长期均衡关系，并且沪市指数是深市指数的G ranger成因；③沪市上市公司净资产收益率和深市上市公司净资产收益率之间存在长期均衡关系，不论是从长期还是短期来看两者都呈同向变化关系。

Stock index futures are the stock index as the subject of the financial futures.

股指期货是一种把股票指数作为标的物的金融期货。

Those attending the event were the leadership of National Development and Reform Commission, People's Bank of China Deputy Governor Su Ning, the leadership of the China Securities Regulatory Commission, the leadership of the China Banking Regulatory Commission, the Shanghai municipal government leaders, Khalid Malik - the United Nations system, the chief representative in China, Juan Carlos Capunay - APEC2008 Director, John Swinney - Minister of Finance Scotland, Make Wu Ran - New Bretton Woods Committee chief executive, David Rhodes - Boston, a global consulting firm, senior partner and Managing Director, Li - UBS Group Chairman and Chief Executive of China, Qiu Zhizhong - ABN AMRO Asia, China, Vice Chairman and President, Hu Yang - International investment experts, Yan Yan - SAIF fund the senior partner, Zhang Jun - general manager of the Shanghai Stock Exchange, Song Liping - General Manager of Shenzhen Stock Exchange, Liang Yan - Star River, vice president of real estate, Xu Xiaonian - well-known economist and professor at Central College of Commerce and Industry, and so on.

出席的嘉宾有国家发改委领导，中国人民银行副行长苏宁，中国证监会领导，中国银监会领导，上海市政府领导，马和励——联合国系统驻华总代表，Juan Carlos Capunay——APEC2008理事长，John Swinney——苏格兰财政部长，马克·乌然——新布雷顿森林委员会执行长，大卫·罗兹——波士顿咨询公司全球资深合伙人兼董事总经理，李一——瑞银集团中国区主席兼总裁，邱致中——荷兰银行亚洲区副主席兼中国区主席，胡立阳——国际投资专家，阎焱——软银赛富基金首席合伙人，张育军——上海证券交易所总经理，宋丽萍——深圳证券交易所总经理，梁上燕——星河湾地产副总裁，许小年——著名经济学家，中欧工商学院教授等。

The poor institutional environment in Chinese stock market is one of the reasons for the high synchronicity of stock price.

全文共分为七章，各章的主要内容如下：第一章为导论。

Finally, there is a new section.on the tax treatment of preferred-stock dividends and on tax-deductible preferred stock.

如今，美国MBA教育已经为世界企业界所熟知，受到社会的广泛承认和高度评价。

In the first day of stock market to buy stock in the business department of basic cleared yesterday Jiancang chips.

在证券市场购买的第一天，在昨日基本清除营业部的股票建仓芯片。

In the negative and interrogative forms, of course, this is identical to the non-emphatic forms.

。但是，在否定句或疑问句里，这种带有"do"的方法表达的效果却没有什么强调的意思。

Go down on one's knees;kneel down

屈膝跪下。。。下跪祈祷