投资银行

Falcon invested in municipal bonds mortgage-backed securities bank loans and other debt instruments while ASTA/MAT emphasized municipal bonds.

Falcon投资于市政债券、住房抵押贷款担保证券、银行贷款和其它债务工具，而ASTA/MAT重点投资于市政债券。

They include Goldman Sachs, Credit Suisse, BNP Paribas of France and Banco Santander of Spain.

他们包括高盛投资公司，瑞士信贷，法国巴黎银行和西班牙国家银行。

So-called oneself are " Chinese card inspect is met the professional futures investment of first approval seeks advice from an orgnaization ", have so called " futures analyst "" futures investment seeks advice from a qualification " etc, much with " the member is made " catchpenny business, offer " Jie Panxin ceases ", membership fee differs to tens of thousands of yuan from thousands of yuan, on the net promise gain and representative are held dish, set date of individual bank Zhang and hotline to wait.

号称自己是&中国证监会首批批准的专业期货投资咨询机构&、拥有所谓的&期货分析师&&期货投资咨询资格&等等，多以&会员制&招徕业务，提供&解盘信息&，会员费从几千元到几万元不等，在网上许诺盈利和代理操盘，设个人银行账号和热线电话等。

So-called oneself are " Chinese card inspect is met the professional futures investment of first approval seeks advice from an orgnaization ", have so called " futures analyst "," futures investment seeks advice from a qualification " etc, much with " the member is made " catchpenny business, offer " Jie Panxin ceases ", the member is expended from thousands of to tens of thousands of differ, on the net promise gain and representative are held dish, set date of individual bank Zhang and hotline to wait.

号称自己是&中国证监会首批批准的专业期货投资咨询机构&、拥有所谓的&期货分析师&、&期货投资咨询资格&等等，多以&会员制&招徕业务，提供&解盘信息&，会员费从几千到几万不等，在网上许诺盈利和代理操盘，设个人银行账号和热线电话等。

And thus I provide the evidence to undermine the commonly held opinion that China's public companies improved their performance by increasing financial leverage ratio. Seventhly, the international comparison reveals that the development of capital market has direct influence on the industry performance and the capital markets of developed countries are more effective than those of developing ones. Whether the finance system is bank-dominated or capital-market-dominated means little to the effectiveness of capital market and also the industry productivity. Eighthly, capital market, bank and FDI differ markedly in the mechanism of financing selection, supervisory effectiveness and industry characteristics. Averagely, capital market is the most appropriate mechanism among the three out-sourcing financing, considering the supervisory cost and effectiveness comprehensively. Certainly, some flaws remain in this study.

因此，我们认为，中国各产业上市公司产业绩效的提高不是通过提高财务杠杆比例来实现的；第七，基于资本市场自身的国际比较研究表明，资本市场发展程度直接影响其对产业绩效的改善和促进程度，成熟市场的资本配置效率显著高于新兴市场，而金融体系以银行为主导还是以资本市场为主导，并不影响资本市场功能的有效发挥，也不对产业绩效的影响产生效率上的差异，仅仅表现为在多大规模或范围内对产业绩效产生影响；第八，基于资本市场、银行贷款及外商投资3种外源融资方式对产业绩效影响的比较研究，三种方式在融资选择机制、监督力以及所影响的产业特征方面均存在显著差异，三者对不同产业绩效的影响呈现互补作用，而资本市场是监督成本与效力结合较好的融资方式。

The environmental economic policy that the general management branch carries out has mainly: city and town land use tax, cultivated land impropriate tax, the city and countryside upkeep builds tax, resources tax, resource comprehensive utilization, comprehensive utilization profit retention environmental protection investment, enterprise renovation of environmental protection investment, cleaning production, finance tax policy and bank environmental protection loan beneficial to the environment, etc.

综合管理部门执行的环境经济政策主要有：城镇土地使用税、耕地占用税、城乡维护建设税、资源税、资源综合利用、综合利用利润留成环保投资、企业更新改造环保投资、清洁生产、有益于环境的财政税收政策、银行环境保护贷款等。

Furthermore, in many of these countries, banks are allowed to make large equity investments in nonfinancial corporations---a practice that is prohibited for U.S.

此外，在许多这些国家的，银行可以作出大的股票投资在非金融公司---这种做法是禁止美国银行。

E. Shaw, the New York-based investment firm, because they provided money "at lower rates of interest and in larger amounts," said Rajeev Talwar, an executive director at New Delhi-based DLF.

DLF转到外资银行和投资者像D.E肖在纽约的投资公司，因为它们提供了资金，&以更低的利率、更大的数额&Talwar，DLF国际市场的一个执行董事，说，&今天，你别无选择，只好去印度银行。&

The hundreds of billions of dollars in the shadow banking system—the notorious SIVs and conduits that have caused the banks so much pain—have been warehoused there to get round the rules.

隐藏在影子银行系统的上百亿美金资产---例如造成银行痛楚的那些最有害的结构性投资工具及管路---均是绕过这些规定而隐藏下来的。

There is nothing quite so evocative in the Global Development Finance report, published late last month by the World Bank. But the numbers it reports are nonetheless reminiscent of the age Keynes fondly described. In 2005 foreigners adventured a net $61.4 billion in emerging-market equities (see chart 1) and a further $237.5 billion in direct investments.

上个月世界银行发表的全球发展金融报告中，没有比这更加让人勾起回忆了，但是报告中的数字却同凯恩斯喜欢的描述不可同日而语。2005年，外国投资者在新兴市场的净风险投资达到614亿美元，直接投资为2375亿美元。

For a big chunk of credit-card losses; the number of filings (and thus charge-off rates) would be rising again, whether

年美国个人破产法的一个改动使得破产登记急速下降，而后引起了信用卡大规模的亏损。

Eph. 4:23 And that you be renewed in the spirit of your mind

弗四23 而在你们心思的灵里得以更新