我国

Point out our country will become global polyurethane (consume and produce can big country of PU) elastomer, among them ammoniac black silk ribbon, thermoplastic polyurethane (synthetic leather of sole of TPU) elastomer, PU, PU is product of dominant of future of elastomer of our country polyurethane, textile industry and light industry are to pull use the main property that PU elastomer will develop our country quickly henceforth.

指出我国将成为全球聚氨酯弹性体的消费和产能大国，其中氨纶、热塑性聚氨酯弹性体、PU鞋底、PU合成革是我国聚氨酯弹性体未来主导产品，纺织工业和轻工业是拉动我国今后PU弹性体快速发展的主要产业。

In order to promote the development of speed roller skating smoothly and orderly in our country, and improve the competitive level of our country, we should study the affecting factors for the development of speed roller skating of our country.

为了更好地推动速度轮滑运动在我国稳步而有序地发展，提高我国速度轮滑的竞技水平。有必要对影响我国速度轮滑运动发展的因素及对策进行研究。

Taking the present situation of issue of sport lottery on China as research background, from such angles as sociology, economics and psychology, this article probe four factors that hinder the development of sport lottery cause in China.

本文以我国体育彩票的发行现状为研究背景，从社会学、经济学和心理学等不同角度探讨了阻碍我国体育彩票事业发展的四个因素：第一，提出了作为具有博弈性质的体育彩票，在我国的存在有其客观必然性，从而澄清了人们对发行体育彩票认识上的误区。

The result shows that due to the influence of many subjective and practical factors, at this stage, independent director system does not take distinct effect on corporate governance, the promotion of corporate performance and the protection of interest of minority shareholders.

其次，分析我国现阶段独立董事制度有效性，其中利用我国从2000年设立独立董事的上市公司的违规行为和经营业绩进行实证分析，研究结果表明由于受诸多主观、客观因素的影响，现阶段我国独立董事制度并未对公司业绩的增长和中小股东利益的保护起到显著效果。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

Along with the development of stock market in our country, parts of listed companies of our country appears to manage the contruction out of order ,the companies' information is not serious really, the connection trades frequently occur, the big stockman take out matters of company's funds at random, it will not benefit small and middle stockmen, these lead the independent director's system to become inevitable.

随着我国证券市场的发展，我国部分上市公司出现了治理结构失灵、公司信息披露严重失真、关联交易频繁发生、大股东随意抽逃上市公司资金的情况，严重损害了中小股东的利益，使得我国引入独立董事制度成为必然，但在实际运行过程中仍然存在一系列的不合理性。

This paper also applies game theory to set up game models for ante-accommodation and post-accommodation. In the information model for ante-accommodation, commercial banks expect the occurrence of separate game equivalence not the pooled game equivalence, for in pooled game equivalence, commercial banks may easily choose adverse selection to provide loans because of asymmetric information, while in the supervision model for post-accommodation, banks and enterprises hardly make pure strategic equivalence, that is, they can not achieve Pareto optimum in the same time, meanwhile, when the supervision model for post-accommodation achieve pooled strategic equivalence, we will make use of probabilities of enterprises not keeping their promises and probabilities of bank supervision as indexes for describing qualitatively the credit risk for enterprises and the credit risk for bank supervision.

首先，论文对信贷活动中信息不对称所产生的逆向选择与道德风险及由此产生的信贷风险进行了一般理论分析，并提出了防范逆向选择和道德风险的一般模型；其次，论文结合我国信贷市场预算约束软化这一根本特征，研究了我国信贷活动中由信息不对称而产生的信贷风险形成机理的特殊性进行了分析；接着，运用博弈论方法对我国信贷市场中商业银行与企业在申请贷款、偿还贷款时的博弈行为进行了深入分析；最后，文章提出了消除信贷市场信息不对称的对策和建议。

From the paper the framework and research methods, the paper first of Personal Financial Services described the theoretical basis, from the macro and micro aspects of the development of background, to explore the use of deductive method to carry out China's commercial banks may have to personal financial management business experienced a specific historical period ; and then with our business model, legal environment and regulatory structure to be compared, the use of reasoning put forward for China's banking sector learn from the improvements and solutions, to follow the status statement - identify problems - the strict logic to propose a solution to allow the article step-by-step, the gradual deepening of research in order to achieve the goal of this article.

从论文的框架和研究方法来说，本文首先阐述了个人理财业务的理论基础、从宏观和微观的方面发展背景，运用演绎法摸索出我国商业银行开展个人理财业务可能要经历的一个特定历史阶段；最后再与我国的业务模式、法制环境和监管格局加以对比，运用推理法提出可供我国银行界借鉴的改进措施和解决方案，遵循陈述现状-发现问题-提出对策的严密逻辑进行，使文章循序渐进，逐步深入以达到本文的研究目标。

Therefore, what we have to do is to anglicizing others' theoretical and practical achievements, drawing lessons from its successful experience, then studding our own mode of managing and operating the logistics trade , which will fit the situation of our country.

因此，我们必须对国内外物流理论和实践的成果进行分析，借鉴其成功经验，结合我国的实际情况，探索出符合我国国情的现代物流运作和管理的方法，以此指导我国现代物流业的发展。

This paper tries to illustrate the principle of disregard of corporate personality by analyzing a case happened in our country. I expect to accelerate the process of the exotic immigrating into our country, hold hack the abuse of corporate personality protect the benefits of creditors, and supply a gap in our law practice.

本文试图通过对一个发生在我国的案件的剖析，来阐述公司人格否认原则的适用，并期以此来推动这一舶来品移植于我国的进程，遏制公司人格滥用行为，保护债权人的利益，填补我国司法实践的空白。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。