房地产公司

A lot of real estate only through the reorganization of the way to achieve the purpose of optimizing the allocation of resources, and as such a batch of enterprises to enter the real estate industry is bound to form a plate of listed companies.

很多房地产只有通过重组的方式实现的目的，优化资源配置，因此一批企业进入房地产行业，必然形成一个板块的上市公司。

Chengdu fan letter Acer industry company limited by guarantee, established in 2003, is a real estate mortgage and personal Yi Shoufang, the secondary mortgage loan business led to replacement housing for the guidance of diversified real estate operating companies.

成都藩信宏业担保有限公司成立于2003年，是一家以房地产抵押贷款及个人一手房、二手房按揭贷款业务为主导，以房屋置换、信用卡业务为辅导的多元化房地产金融服务公司。

Meanwhile, the company also commits itself to securities investment, commercial real estate investment and service, industrial real estate development, marketing and service.

与此同时，该公司还致力于证券投资，商业房地产投资和服务，工业，房地产开发，营销和服务。

Decades has established more than a dozen joint venture real estate development company, decoration companies, senior residential leasing companies, trading companies, has been widely at home and abroad customer awareness.

几十年来已建立了十多个合资房地产开发公司，装饰公司，高级住宅租赁公司，贸易公司，已广泛在国内和国外客户的认识。

According to the information provided by the company, a new era of the new registration Beijing Huayuan Real Estate Development Co., Ltd., in Huayuan Group subordinate Shichahai economic construction development company basis, the Huayuan Group and its subordinate Xidan shopping malls, Huayuan International Travel Limited, Huayuan gold seahorse furniture decoration companies, three companies Yuanhua biological health Commodities Limited, co-funded by the registered capital of 350 million yuan.

据该公司提供的资料，新注册的北京市华远新时代房地产开发有限公司，是在华远集团下属的什刹海经济建设开发公司基础上，由华远集团及其下属的西单购物中心、华远国际旅游有限公司、华远金海马家具装饰公司、远华生物保健品有限公司等四家公司共同出资，注册资本3.5亿元人民币。

Services Lawyers at Yao Liang have provided legal services to a great number of international and mainland based clients including Citibank, Kodak, Pfizer, BP, Honeywell, Inbv, Belgium, Société BIC, DHL, National Instruments, Mannesmann AG, Deutsche Bundesbank, Sakura Bank, Bank of Tokyo-Mitsubishi, Twentsche Kabel Holding, Schenker, PCCW-HKT Limited, Shanghai Electric Corp., China Pacific Insurance Co.

服务领域耀良的律师曾向国内外的许多知名企业提供法律服务，这些客户包括美国花旗银行、柯达公司、辉瑞公司、英国石油、霍尼韦尔、比利时英博制酒集团，法国比克公司、德国曼内斯曼集团、德意志银行、日本樱花银行、三菱银行、荷兰商业银行、荷兰特恩持、全球货运公司、电讯盈科、上海电气集团、太平洋保险公司、江南造船厂等；法律服务的领域涉及公司和并购业务、外商直接投资、知识产权、信息技术、电讯、海事（包括船舶制造、船舶融资和理赔等）、保险、物流、房地产、税务、反倾销、国内国际仲裁等各个方面。

Lawyers at yao liang have provided legal services to a great number of international and mainland based clients including citibank, kodak, pfizer, bp, honeywell, inbv, belgium, société bic, dhl, national instruments, mannesmann ag, deutsche bundesbank, sakura bank, bank of tokyo-mitsubishi, twentsche kabel holding, schenker, pccw-hkt limited, shanghai electric corp., china pacific insurance co. and jiangnan shipyard, etc. the firm's services extend over a wide spectrum: from corporate and m

耀良的律师曾向国内外的许多知名企业提供法律服务，这些客户包括美国花旗银行、柯达公司、辉瑞公司、英国石油、霍尼韦尔、比利时英博制酒集团，法国比克公司、德国曼内斯曼集团、德意志银行、日本樱花银行、三菱银行、荷兰商业银行、荷兰特恩持、全球货运公司、电讯盈科、上海电气集团、太平洋保险公司、江南造船厂等；法律服务的领域涉及公司和并购业务、外商直接投资、知识产权、信息技术、电讯、海事（包括船舶制造、船舶融资和理赔等）、保险、物流、房地产、税务、反倾销、国内国际仲裁等各个方面。

Its runs in comprehensive and specialized areas, having plenty of experience in litigation, arbitration, negotiation, consultation and program planning in area of corporate management, corporate merge, IPO, corporate restructure, direct investment, capital market, bankrupt liquidation, laborhood management, commercial business, international trade, intellectual property right, product quality, international transportation, real property, construction, finance, insurance, securities, imports and exports, etc.

达维以&人才提供服务、服务创造价值&为企业理念，业务范围涉及广泛且具有极强的专业性，尤其在公司管理、公司购并、公司改制、公司重组、直接投资、资本市场、破产清算、劳动管理、商事交易、国际贸易、知识产权、产品质量、国际运输以及房地产、建筑、金融、保险、证券、进出口等行业方面的诉讼、仲裁、谈判、顾问、项目策划拥有丰富的业务经验。

This part Measures firms" size with market value of float shares, and divides each portfolio into quintiles and deciles to choose an appropriate grouping method. The second part divides the sample into two sub-samples to tests the different performance of "small firm effect" in two periods. The third part tests different performance of each month. The fourth part studies the "small firm effect" in five industries, the industry, the commerce, the public utilities, conglomerates and the properties, and uses Fame-Macbeth method to research "the small firm effect" in the different industries. The fifth part analyzes the reason why the "small firm effect" exists in China stock market referring to the western explanation about "the small firm effect and the character of China stock market. In the end, we provide some suggestion.

论文运用实证方法检验中国股市&小公司效应&的存在性，用流通股市值作为公司规模大小的度量，用五分组和十分组两种分组方法检验中国股市&小公司效应&的表现；把整个样本区间以2001年为界分为两个样本子区间，检验&小公司效应&在不同时间阶段的表现有何不同；分月检验&小公司效应&在不同月份的表现；把样本中所有上市公司按照行业分为五大类，工业类、商业类、公用事业类、房地产类和综合类，利用Fama-MacBeth法检验中国股市&小公司效应&在不同行业的表现；联系国外关于&小公司效应&存在原因的解释，结合中国股市的实际，分析中国股市&小公司效应&存在的原因，并提出了一些建议。

Dozens of companies under the jurisdiction of the civil engineering construction subsidiary, decoration companies, steel companies, fire works, road and bridge companies, professional installation companies, Hong Xiang real estate development company, Shun Po security supplies, construction machinery Leasing companies such as the production and management units and currently employs more than 5,000 people, all types of engineers and technicians more than 1,700 people, senior engineers and technicians from more than 500 people, the construction division Yiji 4, the project manager qualification certificates held by 171 persons.

公司下辖十个土木建筑施工分公司、装饰装修公司、钢结构公司、消防工程公司、路桥公司、安装专业公司、鸿祥房地产开发公司、顺宝安全防护用品公司、施工机械租赁公司等生产经营单位，现有员工5000余人，各类工程技术人员1700余人，中高级工程技术人员500余人，壹级建造师4人，持有项目经理资格证书者171人。

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。