投资银行

First State Investments is the fund management arm of the Commonwealth Bank of Australia.

首域投资为澳洲联邦银行集团成员，负责基金管理业务。

Professor Michael Theobald, chairman of the ACIIA International Examinations Committee presented the CIIA examination scheme, and the guest speakers, Tom Seale, president of the Luxembourg Funds Association and Yves Mersch, president of the Luxembourg Central Bank covered a range of topics including the integration of financial markets, the future of investment funds, and monetary policy in the euro zone.

ACIIA的国际考试委员会主席Michael Theobald 教授对CIIA考试的计划方案进行了介绍。同时，作为与会发言人的卢森堡基金协会主席Tom Seale，卢森堡中央银行董事长Yves Mersch的讲话中涵盖了包括金融市场整合，投资基金的未来，以及欧洲货币政策在内的一系列话题。来自世界各地的40多名代表以及当地的专家参加了这次会议。2007年周年大会将在6月28于法兰克福举行。

ALMOST two decades ago seven of the world's top-ten banks were Japanese and their cheap loans supported Japanese investment, from the Rockefeller Centre in Manhattan to California's Pebble Beach golf course.

大约在二十年前，世界上最大的十家银行中有七家是日本的，他们以低廉的贷款支持着日本的投资，从曼哈顿的洛克菲勒中心到加利福尼亚的鹅卵石海滩高尔夫球场项目都留下了他们的足迹。

But central banks and governments cannot transform. unprofitable investments into profitable ones.

但是，中央银行和政府不能把无利可图的投资转变成有利可图。

At present, the enterprise can be financed through bank loans, there are alternative channels of distribution trust schemes, the territory of a company is listed, issue corporate bonds, pawn, REITs, overseas listing, but these financing channels are also not very satisfactory, higher financing costs, more restrictions.

目前，企业可通过银行贷款融资，有选择分销渠道信托计划，境内上市公司，发行公司债券，典当，房地产投资信托基金，海外上市，但这些融资渠道也不是很满意，高融资成本，更多的限制。

Chapter 3, Comparing on commercial banking turnover tax burden.

分析结果表明流转税会产生抑制商业银行信贷规模和风险投资的效应。

Meanwhile, in the construction fund of the turnpike, the loan is a vital capital source.

同时，收费公路的建设资金中，银行贷款是最主要的资金来源，偿还贷款高峰到来后，每年需要大量的还本付息资金，还本付息的压力越来越大，投资风险凸现。

Of the capital investment made by the commercial bank in the unconsolidated financial institutions, and

商业银行对未并表金融机构的资本投资

They can again own invest companies that underwrite securities.

银行又可以拥有经营证券的投资公司。

They can again owned investment companies that underwrite securities.

银行又一次可以拥有投资企业签发的证券。

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