市场

In addition, AH share price inversion phenomenon almost nearly extinct, the market Thursday Gaokaidizou to deal with the "two-rate tax" good policy, Tiaokong down again Friday, All the signs indicate that the market is very weak, the market unbearable "60" weight, in the absence of a strong "external force" and a repeat of "4 24" behind the market's fear of the old road into the only choice.

此外，阿股价倒挂现象几乎濒临灭绝，市场周四Gaokaidizou处理&两税税率&政策好，Tiaokong周五再次下跌，种种迹象表明，市场非常薄弱，市场无法忍受的&60&的重量，在一个强大的&外力的情况下&和&424&重复低于市场的旧路的恐惧成为唯一的选择。

All these have resulted in the structural weaknesses of China's securities market since its inception. The same structural problems can also be found in a company's dividends policy, which range from substandard distribution practices to a lack of consistency in the timing and levels of dividends payment. In 2005, the stock market regulator started to tackle the structural ills of China's securities market and an increasing number of non-tradable shares have been made tradable.

这种同股不同权的问题，是导致我国股票市场发展不完全的关键，反映在上市公司的股利分配上就出现了分配政策不规范、股利支付水平和支付时间随意性较大、股利分配形式繁多、股利政策不稳定等问题。2005年我国证券市场具有划时代意义的股权分置改革全面进行，困扰我国证券市场发展的股权分置问题将得到解决，整个证券市场也将逐步踏上市场化的轨道。

Time in the marketplace , take competitive product business affairs hotel + entrepreneur house as commerce pattern then , assist self blue enterprise sea experiencing that style serves a concept ", making with brand-new business affairs" to belong to the Shanghai inscription sun international.

铭阳优势：基于对国内酒店市场的深入全面了解，针对当前国内酒店业&两头热，中间冷&的市场格局，选择进入尚处于市场发展期的中高端商务酒店市场，进而以精品商务酒店+企业家会所为商业模式，辅以全新的&商务体验&式服务概念，打造属于上海铭阳国际自己的企业蓝海。

To expand selling networks of the affiliated range on the original foundation, look for and visit the customer, keep in touch with the customers, expand the scale of selling

做好市场信息的收集、反馈，掌握市场动态，积极适时、合理有效地开辟新的市场，努力拓宽业务渠道，不断扩大公司产品的市场占有率。

Recently, the falling prices of primary products will be in favor of enlarging import and reducing the cost press for the imported and exported enterprises.

这将有利于中国扩大进口，减轻进出口企业持续上升的成本压力。但是，国际初级产品市场与金融市场的关系越来越密切，金融市场的动荡必然引发商品市场价格波动。

The markets they invest in include the money and currency markets,stock markets for shares,commodities markets for anything from gold to pork bellies,and property.

The市场，包括金钱和货币市场，股票市场的股票，从黄金的任何商品市场的猪肉肚子，财产。

This document's discussion focuses on the fraud involved in the public explanation of securities, false descriptions, civil responsibility of insider trading and market manipulation as a research category, protection of common investors' rights as a basic value, the common types of violations in the analysis of securities market, the characteristics of civil responsibility, necessary components of various elements, the determination on the scope of compensation of loss, statute of limitation, and the relationship between the actual litigation and compensation.

2005年10月27日新修正通过之证券法更於第三章第四节即第73条以下规定民事赔偿责任，然证券民事责任之类型若依照证券违法行为发生之阶段为区分，则可分为证券发行市场之民事责任和证券交易市场之民事责任两大类，且其各类型范围甚广，惟本文仅以其中之证券诈欺中之公开说明书虚伪陈述、内幕交易及操纵市场之民事责任为研究范畴，并以保护社会公众投资者权益为基本价值，分析证券市场违法行为的一般态样、民事责任的性质、构成要件、损害赔偿范围的界定、诉讼时效、诉讼实务及赔偿主体间之合同关系进行讨论。

In this 20 years,the development of stock market has changed from policy-orientation to Customer Orientation and from buyers' market to sellers' market.

这二十年里，证券市场的发展正在一步步由政策导向朝市场导向转变，由卖方市场转为买方市场，各证券公司的竞争日趋激烈，券商的绝对垄断地位和暴利时代一去不复返。

The market of China is changing from sellers' market to buyers ' market and getting weak sluggish since 1990s.

自20世纪90年代以来，我国市场已由&卖方&市场转为&买方&市场，市场出现疲软。

The first part consists of the introduction and basic theories, which remarks correlative literatures and disquisitions and puts forward the transmission mechanism of the stock market. It also analyzes the impacts of the monetary policy for stock market in our country to show the necessity of research on this mechanism. The second part is the microcosmic and macroscopic analysis; it mainly comprises the behaviors of the enterprise, the bank and the inhabitant as well as the stock market, money market and their joint condition. The third part studies the transmitting impacts with demonstration analysis from two aspects, and explains this course using the theories of the first part and the micro-and macro-foundation of the second part. The fourth part is the conclusion and policy recommendations; it includes the factors of effecting the transmission of monetary policy in the stock market, proposes some related suggestions, and points out the research direction in the future.

本文分为四部分：第一部分为导论及基本理论分析，对国内外股市传导机制研究理论文献进行述评，提出系统的股市传导机制，并分析我国股市发展对货币政策的影响来说明研究股票市场传导机制的必要性；第二部分为宏微观基础分析，主要包括企业、银行及居民行为以及股票市场、货币市场及其联结状况分析；第三部分分两个环节实证研究股市传导效果，并利用第一部分的理论与第二部分的宏微观基础进行解释；第四部分是结论及政策建议，归纳影响货币政策股票市场传导的因素，提出相关建议，指出未来研究方向。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。