流通

The author makes an empirical study on the stock price and price/book value ratio, trying to make exploring research methods in the non-tradable share pricing. These researches are important for the non-tradable share pricing in listed companies of China.

本文通过对中国上市公司的股价与市盈率和市净率的线性关系的实证研究，试图对中国上市公司的非流通股估价方法进行探索，这对于中国上市公司进行非流通股估价有重要的现实意义。

While the development of securities business and internet, it is in dire need of transferring capital between bank and stockjobber safely and expediently. An excellent transferring system between bank and stockjobber is an important financial means.

随着金融市场的日渐完善，大量的资本通过网络流通于银行和证券交易所之间，寻找功能完善的数据传输系统实现货币和股票的可靠流通和金融数据的双向通讯是证券业及银行业亟待解决的问题。

In Table 15.1, the values of Certificates of Indebtedness refer to the average values of notes in circulation in November of

表15.1 内的负债证明书是每年十一月流通货币的平均值，而流通货币则是指期末数值。

Agricultural products are the food sources and industrial materials of people's daily life. Their circulating status relate to farmers'benefits, civil life and industrial development. Countries no matter developed ones or developing ones, all take much count of circulating tache of agricultural products.

农产品是人们日常生活的食品来源和工业原料，其流通状况涉及到农民利益、国民生活和工业发展，无论是发达国家，还是发展中国家，都很重视农产品的流通环节。

Results of estimation of effective parameters in heterogeneous show that: i Seff and Teff values evolve with time, as well as the principal directions of the transmissivity; ii Seff approaches the arithmetical mean of the field; iii Teff converges to its geometric mean at large time for the Gaussian random field we generated; and iv the averages of local T and S values within the cone of depression at early times differ from the Teff and Seff values.

研究结果在空间异质性孔隙介质有效参数的推估方法方面，显示利用传统抽水试验分析来估计有效参数时，从长时间的抽水试验分析所得的流通系数代表在抽水井有效半径内所有流通系数的某种平均值；此平均值与抽水井及观测井附近的地质有很大的关系，而且可能受到有效半径内地质异质性的影响，而储蓄系数的估计值变异很大与抽水井与观测井间地质的储蓄系数特性有关，特别是观测井的位置。

Only seller may at any time without notice to buyer set off any liability of buyer to seller against any liability of seller to buyer(in either case howsoever arising and whether any such liability is present or future,liquidated or unliquidated and irrespective of the currency of its denomination)and may for such purpose convert or exchange any currency.

在任何时候，对于卖方来说，只有卖方在没有通知买方的情况下抵销其对买方的任何责任，相反对于买方来说，也有可能在没有通知卖方的情况下抵销对卖方的责任(任何一方不管发生什么，也不管这个责任是现在的或是将来的，已发生的或是未发生的，以及忽视货币流通)，因为这个企图，可能转变或交换任何货币流通。

Pharmaceutical companies can be divided into large pharmaceutical group and small dealing companies according to the degree of vertical integration and application of distribution channels.

第二章根据垂直一体化程度和分销渠道的应用，将我国目前医药流通企业分为大型医药集团企业和中小型医药流通企业两大战略集团。

You may consider this air waybill as negotiable document, but it is non-negotiable document and cannot be transferred.

贵方可能以为这张航空运单是流通单据，但是它是非流通单据，是不可转让的。

The more important, current domestic wholesaling organization is operating by the theory of traditional circulation economy, without structural adjustment.

更为重要的是，目前国内的流通批发组织基本上是按传统流通经济学理论设置与运行的，尚未进行大的组织结构调整与优化创新。

Bioclimatic architecture realizes low energy-consumption natural ventilation: the squama-curtain of TBA TOWER has opening window and special ventilation fan, realizing air ventilation across both sides of the mansion through pressure difference between windward side and leeward side, under the condition of no pressure difference, it can form chimney effect through vacant areas in the mansion, create negative pressure in the internal capsule, import air into device layer and discharge it, realizing the circulation of fresh air, not only saving energy and improving air quality in the room, but also bringing benefits to the health and mind of inhabitants.

生物气候建筑实现低能耗自然通风：TBA TOWER鱼鳞状外幕墙设计有开启扇及专有的通风器，通过建筑迎风面与背风面的压力差实现建筑两面的窗户空气流通；在没有两面压差的情况下，可通过建筑内的挑空区形成烟囱效应，在内囊造成负压，将空气引入设备层排出，实现新鲜空气的流通，既节能、又可改善室内空气品质，利于居者的身心健康

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。