市场交易

As a Credit expansion mode in securities market,There werea huge risks in Securities Credit Transactions,the core of establish Securities credit trading system is to Control the risk of credit transactions,and exert it's ascendency and active role.by compare and research Mature international credit trading system, this article put forward some relevant recommendations to develop Securities credit transactions on the basis of Learn from international experience and combine with the reality of our country.

证券信用交易作为信用在证券市场上扩张的一种方式也同时存在着巨大的风险，建立证券信用交易制度的核心和目的就是控制信用交易的风险，使其发挥优势和积极的作用。通过对国际上成熟信用交易制度的比较研究，在借鉴国际经验并结合我国实际的基础上，本文初步提出了几点我国开展证券信用交易的相关建议。关键词：证券信用交易证券信用交易制度融资融券

Authorized by Beijing Government, China Beijing Equity Exchange is the pioneer and luminary equity transaction institution in China. It provides enterprises with comprehensive and professional service for property rights exchange and other equity transactions.

北京产权交易所是经北京市人民政府批准设立的综合性产权交易机构，作为北京市建设要素市场的主体单位，是以企业产权交易为基础，集各类权益交易服务为一体的专业化市场平台。

Meanwhile, the Central Bank firstly introduced " inquiry "– a transaction way which is more marketably, and the forward foreign exchange transaction and swap transaction were allowed to enter into the market the first time.

8月9日，央行宣布改革银行间外汇市场，为非银行金融机构和非金融企业进入该市场开了"绿灯"，同时首次引入询价这种更为市场化的交易方式，首次允许在该市场内开展远期外汇交易和掉期交易。

Finally, with Tobin's "Separation Theorem", we introduce the transaction cost into the efficient frontier and t he effective efficient frontier is obtained. And a quadratic utility function is applied to demonstrate that maintaining a suitable level of transaction cost in the current Chinese stock market is important to the equilibrium of the Chinese stock market and the risk control of the individual asset.

本文的第四部分，引用托宾的"分离定理"，通过加入交易成本，区分了名义有效边界和实际有效边界，指出了交易成本调整对我国股票市场均衡影响的作用机制，并引入了效用函数，实证研究了交易成本适度对我国股票市场均衡和个人资产风险水平控制的重要意义。

This year, began to build our sub-market, built in the northern part of a large comprehensive urban housing markets --- Qingdao City Real Estate Trading Center Licang transactions Office Also in the city more prosperous Strip City North built housing professional market --- Qingdao Real Estate Trading Center leasing center.

今年以来，我市又开始筹建分市场，在市区北部建成了大型综合性住房市场---青岛市房地产交易中心李沧交易处，又在市内较繁华地带市北区建成了住房专业化市场---青岛市房地产交易中心租赁中心。

According to Fidessa, a provider of the technology that connects market participants to trading venues, the LSE's share of FTSE 100 stocks has slipped to 78 per cent since competition for trading in European shares was unleashed by the European Commission a year ago.

连接市场参与者与交易场所的技术提供商Fidessa表示，自一年前欧盟委员会将欧洲股票交易开放竞争以来，在富时100指数(FTSE 100)成分股的交易中，伦敦证交所占据的市场份额已下滑至78%。

Haitong Securities in addition to the lifting of the ban have made many overseas stock trading, Yan Liuzhou Holdings to build the controlling shareholder of Hainan Huake Industry and Trade Company in November 10 the day of the lifting of the ban through the bulk of transactions and the secondary market for the transfer of shares a total of 1651.83 million shares sold; ST Songliao Second Run shareholders November 14 industrial stocks lifted the number of 2242.56 million shares traded in bulk on the 20th record shows that this part of the shares of all transactions in the bulk market has been transferred.

海通除了解禁证券取得了许多海外股票买卖，晏溜粥控股兴建11月10日的解禁日，海南华科工贸公司控股股东通过大部分的交易和二级市场的股份转让的1651830000出售股份总数；圣股东松辽第二轮工业类股11月14日解除了对大宗交易的20日的记录显示2242560000股数的这一部分所有交易的股票在市场上的大部分已转移。

The stiffest competition for these exchanges comes from over-the-counter markets, which handle bespoke bilateral trades, often between banks.

对期货交易所而言，最有力的竞争来自场外交易市场。该市场的业务为双边定制型期货交易，交易双方通常是银行。

This paper mainly discusses basic characteristics and trade areas,function of finance and price discovery and to increase the efficiency in business trade and lower its cost of the warehouse receipt market.

主要讨论了仓单市场的基本特征、交易范围以及资金融通、价格交流和提高交易效率降低交易成本的功能，提出了加快培育我国仓单市场的几点建

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。

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.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。