直接投资

Shareholders are short of a restriction-and-balance mechanism. For state-owned enterprises, the final managers of the assets are holding the absolute majority of shares and indifferent to asset efficiency. For civil enterprises, the enterprise under control may just be a chessman on board, which means its strategy can be scarified for exchange for holding companies'interests. Different information advantages cause different supervision costs. Large costs can cause the shareholders to waive the supervision rights, which may be acquired by other stakeholders like managers, so even dispersive shareholder structure may go through strategic failure. The healthiness of external supervision regulation can influent the strategic participation of shareholders, since it directly influents the interest expectation of shareholders.

对国有企业来讲，大部分存在一股独大的特征，而国有资产最后管理者缺乏对资产效益的内在关心，这是导致管理者缺位的关键；对民营企业来讲，被控股企业可能是其投资安排的一个棋子，如果牺牲部分利益可以换得更多利益，或者能够将股份公司的利益直接转移到控股公司，企业的战略失败就很难避免；股东们的信息优势不同，造成监督代价不同，如果监督的代价过大就会导致股东放弃监督，而股东放弃的监督权必然被其他利益相关者，如经理人获得并被利用，因此分散的股东群体也可能出现战略失败；外部监督法规的健全与否对股东的战略参与行为有重大影响，因为它直接影响了股东的利益预期。

Agreement on TRIMs is todays well-known international investment code which rules the relationship between investment and trade.

TRIMS协议》是直接调整投资与贸易的关系的，当今最有影响的国际投资法典。

Customer agrees to pay MCT upon demand such charges, fees and costs as MCT may from time to time charge (including but not limited to, markups, spreads, brokerage charges, commissions, service fees, transfer fees and other charges); all applicable regulatory and self-regulatory fees or charges, if any;any applicable tax imposed on transactions in foreign currency contracts;all compensation of any introducing broker or trading advisor payable from the Account, which MCT shall promptly deduct from the Account and remit to such person;the amount of any trading losses in the Account;any debit balance or deficiency in the Account;interest on any debit balances or deficiencies in the Account, at the rate set forth in this Section3, together with costs and reasonable attorneys' fees incurred in collecting any such debit balance or deficiency; andany other amounts owed by Customer to MCT with respect to the Account or any transactions therein. All commissions, charges or fees of MCT or compensation to any introducing broker or trading advisor shall be set forth on the Fee Schedule monthly e-mailed.

顾客同意根据MCT要求支付：MCT一直收取的各种费用(包括但不只是，提价，点差，经纪人费用，佣金，服务费，调整费用和其他费用)如有可能使用的管理或自我调整的费用在外汇交易合约中的可能交易税费任何经纪人或者投资顾问的所有费用都将从账户中支付，MCT将及时从账户中扣除并支付给他们；因账户中的交易失败；账户中出现的借方差额或资金不足；账户中出现的借方差额或资金不足而产生的利息，或如第三节所述连同代理人合理的费用和经费都将一起从账户中扣除；客户在账户中或交易中对MCT的所有其他欠款；MCT的所有佣金，经费，费用以及经纪人或投资顾问的酬金都将直接设置并每月发送月结报告邮件。

Customer agrees to pay JST upon demand such charges, fees and costs as JST may from time to time charge (including but not limited to, markups, spreads, brokerage charges, commissions, service fees, transfer fees and other charges); all applicable regulatoryand self-regulatory fees or charges, if any; any applicable tax imposed on transactions in foreign currency contracts; all compensation of any introducing broker or trading advisor payable from the Account, which JST shall promptly deduct from the Account and remit to such person; the amountof any trading losses in the Account; any debit balance or deficiency in the Account; interest on any debit balances or deficiencies in the Account, at the rate set forth in this Section 3, together with costs and reasonable attorneys' fees incurred in collecting any such debit balance or deficiency;and any other amounts owed by Customer to JST with respect to the Account or any transactions therein. All commissions, charges or fees of JST or compensation to any introducing broker or trading advisor shall be set forth on the Fee Schedule monthly e-mailed.

顾客同意根据JST要求支付：JST一直收取的各种费用（包括但不只是，提价、点差、经纪人费用、佣金、服务费、调整费用和其他费用）如有可能使用的管理或自我调整的费用在外汇交易合约中的可能交易税费任何经纪人或者投资顾问的所有费用都将从账户中支付，JST将及时从账户中扣除并支付给他们；因账户中的交易失败；账户中出现的借方差额或资金不足；账户中出现的借方差额或资金不足而产生的利息，或如第三节所述连同代理人合理的费用和经费都将一起从账户中扣除；客户在账户中或交易中对JST的所有其他欠款；JST的所有佣金、经费、费用以及经纪人或投资顾问的酬金都将直接设置并每月发送月结报告邮件。

Customer agrees to pay MCT upon demand such charges, fees and costs as MCT may from time to time charge (including but not limited to, markups, spreads, brokerage charges, commissions, service fees, transfer fees and other charges); all applicable regulatoryand self-regulatory fees or charges, if any; any applicable tax imposed on transactions in foreign currency contracts; all compensation of any introducing broker or trading advisor payable from the Account, which MCT shall promptly deduct from the Account and remit to such person; the amountof any trading losses in the Account; any debit balance or deficiency in the Account; interest on any debit balances or deficiencies in the Account, at the rate set forth in this Section 3, together with costs and reasonable attorneys' fees incurred in collecting any such debit balance or deficiency;and any other amounts owed by Customer to MCT with respect to the Account or any transactions therein. All commissions, charges or fees of MCT or compensation to any introducing broker or trading advisor shall be set forth on the Fee Schedule monthly e-mailed.

顾客同意根据MCT要求支付：MCT一直收取的各种费用（包括但不只是，提价、点差、经纪人费用、佣金、服务费、调整费用和其他费用）如有可能使用的管理或自我调整的费用在外汇交易合约中的可能交易税费任何经纪人或者投资顾问的所有费用都将从账户中支付，MCT将及时从账户中扣除并支付给他们；因账户中的交易失败；账户中出现的借方差额或资金不足；账户中出现的借方差额或资金不足而产生的利息，或如第三节所述连同代理人合理的费用和经费都将一起从账户中扣除；客户在账户中或交易中对MCT的所有其他欠款；MCT的所有佣金、经费、费用以及经纪人或投资顾问的酬金都将直接设置并每月发送月结报告邮件。

In the fourth quarter to focus on the country to relax the policy of expanding domestic demand arising from the investment opportunities, including investment and consumption, rural reform and direct-driven agricultural products and fertilizer-related enterprises, consumer, as well as cash flow stability, profitability for the foreseeable High industry.

把重点放在国家放宽扩大内需，从投资机会，包括投资和消费，农村改革和直接驱动的农产品和化肥相关的企业，消费者产生的政策，以及现金流稳定，可预见的高行业盈利能力。

As acceptors of investment environment, investors have the most direct opinions and suggestions.

投资者作为投资环境的受体，其对投资环境改善的意见和建议是最直接和最切中要害的。

Article 26 Long term investments of enterprises with foreign investment represent capital injected into other enterprises for a period of more than one year and include cash on hand, tangible and intangible assets and shares and debentures not expected to be realized within one year from the balance sheet date.

第二十六条外商投资企业的长期投资，是指向其他单位投出的期限在一年以上的资金，包括直接向其他单位投出的现金、实物和无形资产，以及购入的不准备在一年以内变现的股票和债券。

For example, housing loans through banks tightening consumer demand for housing to regulation and control, as well as iron and steel, cement and other sectors of the investment scale and price-control, these adjustments have a direct impact on the scale of investment real estate industry.

例如，通过银行住房贷款的紧缩对住房消费需求，以调节和控制，以及钢铁，水泥和其他部门的投资规模和价格控制，这些调整有直接影响的投资规模房地产行业。

Real estate investments are the most direct data show green gelsenkirchen is by government investment real estate developers: the construction of the park green space always "be" surrounding - near the park almost no "grass house price is high" long.

房地产投资方面有数据显示绿地最直接的收益者就是房地产开发商：由政府投资建设的公园绿地总是&泽被&周边---公园附近的房价几乎没有不&草长价高&的。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。