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Settlement and entrustment of stocks listed on stock exchanges

证券交易所上市证券交易的清算和交收

This is equivalent to 202,500 metric tons of zinc and 11,400 tons of nickel--about 41% of LME zinc stocks and 7% of nickel inventories.

如此大的量，似乎给基本金属期货带来一些压力。这相当于卖出20.25万吨锌和1.14万吨镍，分别为LME锌库存的41%和镍库存的7%。

But it would erode the value of substantial stocks of private and public savings.

但它会损害私人和公共部门巨额储蓄存量的价值。

With stocks trading erratically, investors moved to the relative safety of government bonds.

随着股票交易的动荡，投资者更多地将投资转向相对安全的政府债券。

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about themarketplace.

这当然是股市秘籍存在的价值，但就我个人的看法，投资成功不是靠晦涩难解的公式、计算机运算或是股票行情板上股票上下的跳动，相反地投资人要能成功，惟有凭借着优异的商业判断同时避免自己的想法、行为，受到容易煽动人心的市场情绪所影响，以我个人的经验来说，要能够免除市场诱惑，最好的方法就是将格拉厄姆的市场先生理论铭记在心。

I am just from the relatively conservative estimate, look at the long term stocks are not valuable.

我只是从比较保守的估计，在长期的股票看上去并不重要。

Among them the influence factor of the stock is mainly: Fund manager select stocks ability, investment style and ability to deal with the accident, national macroeconomy situation factor, the market value of stock usually have the direct influence to the fund net value; To bond part in the net value of the fund, interest rate and the investment ability of fund manager concerns the value level of this part of assets directly, because the securities regulator of our country has made the regulation to the proportion of the fund investment bond besides this, so, this proportion will restrict fund managers investment on the bond either, thus exercise an influence on some value of bond ; Besides stock and two bond, to another important component in the net value composition --The cash, we will all sum up its factor of exerting an influence for the mobile risk factor, namely the risk as a reasult of the exility of cash.

其中股票方面的影响因素主要是：基金经理的选股能力、投资风格和选时能力以及大盘走势与突发事件、国家宏观经济形势因素，股票市值通常受到这些因素的直接影响；对于基金净值中的债券部分来说，利率和基金经理的投资能力直接关系到这部分资产的价值高低，除此以外由于我国证券监管机构对基金投资债券的比例作了规定，因此，该比例也会制约基金经理在债券上的投资，从而对债券部分价值发生影响；除了股票和债券两部分以外，对于净值构成中的另一重要组成部分——现金，我们将对其产生影响的因素全部归纳为流动性风险因素，即由于现金的稀缺而导致的风险。

Huijin holdings in banking stocks also notice an explicit reference to the "state-owned commercial banks price stability," the intention, it is expected to stabilize the stock market is expected to rebound in the short term.

在汇金持有的银行股也通知是对"国家明确提到国有商业银行的物价稳定"的意图，预计稳定股市可望反弹在短期内。

The acquired assets in DUKA consist of most of the store locations, store fixtures and fittings, existing external stocks and the DUKA store brand in the Swedish market.

在杜卡被收购的资产包括商店的位置，储存装置及设备最，在瑞典市场上现有的外部储存和杜卡商店品牌。

To be sure, the risk is higher in stocks than in gold because, in an extreme scenario, their value can go to zero.

当然，股市的风险比黄金要高，原因是在极端的情况下，股票可以跌到分文不值。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。