持股公司

Article 8 The shares held by foreign shareholders or the equity possessed by them in a foreign-shared fund management company may not exceed one third of the total accumulatively, and the ratio may not exceed 49% in 3 years after China's entry into the WTO.

第八条 外资持股比例或者在外资参股的基金管理公司中拥有的权益比例，累计（包括直接持有和间接持有）不超过33%，在我国加入WTO后三年内，该比例不超过49%。

Its reported earnings should also increase considerably in 2002 given that the company has been shouldering a large charge for the amortization of goodwill and that this "cost" will disappear under the new GAAP rules.

我们持股 76%的中美能源公司，在 2001 年的表现相当不俗，虽然必须承担大笔的商誉摊销费用，但预期 2002 年获利仍将大幅成长，而依照一般公认会计原则，以后这类帐面成本将不再出现。

The final results of empirical studies give as follows: the ownership of China institutional investors is negative to debt-asset ratio in the down range, positive to asset turnover ratio in the raise interval, positive to company size, earnings per share, and return on investment, negative to book-to-market rate, and in the later negative to the exchange rate and market risk.

最终实证研究结果为：中国机构投资者持股比例与资产负债率在股指下降时负相关，与资产周转率在股指上升时正相关，与公司规模、每股收益、投资回报率正相关，与账面市值比负相关，在后期与换手率、市场风险负相关。

Now Midwest Airlines' parent company is telling shareholders to reject the deal, saying the carrier would be stronger on its own.

中西部航空公司的母公司现在鼓励它的持股人拒绝此交易，理由为中西部航空公司单独运作会更加有利。

The China Securities Regulatory Commission recently amended provisions of the acquisition of listed companies, listed companies will be exempted holdings of the shareholders by the application of "pre-application" to "ex post facto."

在中国证券监督管理委员会近日修订了上市公司收购规定，上市公司将免除了&预申请&应用程序&事后股东的持股。&

Information disclosure of Merger and Acquisition is an important part of information disclosure in listing company, including the reporting system of big stock holders,the forcing takeover system when getting to certain ratio and disclosure of some correspondent financial and accounting information.

并购信息披露是上市公司信息披露的重要组成部分，从上市公司要约收购的角度来说，在整个收购过程中信息批露包括持股大户的报告制度和达到一定比例之后的强制要约收购制度和在并购成功之后应批露的一些相关的财务与会计信息。

GDF Suez, as it will be called once shareholders rubber-stamp the deal, will be the leading gas company in Europe and the global leader in liquified natural gas.

目前，法国政府在法国天然气公司的持股比例约为80％，合并后的新公司按照股东橡皮图章协议被命名为GDF Suez，政府将持有至少35%的股权。

Long periods of seeming invincibility. Though some industries or lines of business exhibit characteristics that endow leaders with virtually insurmountable advantages, and that tend to establish Survival of the Fattest as almost a natural law, most do not. Thus, for every Inevitable, there are dozens of Impostors, companies now riding high but vulnerable to competitive attacks. Considering what it takes to be an Inevitable, Charlie and I recognize that we will never be able to come up with a Nifty Fifty or even a Twinkling Twenty. To the Inevitables in our portfolio, therefore, we add a few "Highly Probables."

在所属的产业都被赋予其无可取代的优势地位，大者恒存的自然定律似乎牢不可破，但实际结果却不然，也因此在找到真正的真命天子之前，旁边可能还有好几打假冒者，这些公司虽然曾经红极一时，但却完全经不起竞争的考验，换个角度来看，既然能够被称为永恒的持股，查理跟我早就有心理准备，其数量绝对不可能超过五十家或甚至是不到二十家，所以就我们的投资组合来说，除了几家真正够格的公司之外，还有另外几家则是属于极有可能的潜在候选人。

The intriguing question is whether the new conquistadores have borrowed and paid too much, or whether their new portfolio of British steady earners will save them from the worst when Spain itself turns sour.

颇具玩味的是，一旦西班牙经济陷入泥潭，是否因外购企业花费过多、借台高筑所致，而他们在英国新买下的持续盈利份额是否能救之于水火中。：所谓公司交互持股，是指公司之间通过相互投资或者合同安排的方式而交互持有对方一定比例股份的现象或状态、结构。

Size of holding by the senior management team also turns out to be a negative performance factor, we believe, due to the Mutual Back Scratching Effect that impairs management effectiveness.

在股权结构部份，经理人持股比例越高，因互利效果的存在，使得公司治理的程度降低，进而影响公司的经营绩效表现。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。