股权

The amount payable on The amount payable on acceptance of an option is HK$10 and an application or acceptance of offer shall remain open for acceptance by the participant for a the option and the period period of 28 days from the date on which the letter containing the within which payments or offer is delivered to that participant.

而参与人士可于收到要 10 额以及付款或通知付款的期约函起计日期间内接纳购股权。 28 限或偿还申请购股权贷款的期限 8。

Based on the theory of the control benefit driving capital allocation and the control arrangement under the special equity structure in Chinese listed company, this paper empirically studies the capital allocation resulting in control benefit firstly from fixed asset investment and equity merge.

基于控制权收益驱动公司资本配置行为的理论阐释，结合我国上市公司特有的股权结构及其导致的控制权分配格局，从固定资产投资和股权投资两个方面，对形成我国上市公司控制权收益的资本配置行为进行了实证研究。

We should disperse the state-owned enterprise equity, make the state-owned equity shared by some state-owned asset agents and construct reasonable equity structures.

具体操作上应让国有股权分散化，即把国有股配置给多个国有资产代理人，构造合理的股权结构。

This article analyzes the profit model of insurance companies in detail and validates the relevance between the prescripts which have been constituted by the China Insurance Regulatory Commission in the operation of insurance funds and the investment income of insurance companies through financial statements of the three companies, China Life, Ping An of China and China Pacific, which have been coming into A-stock market. It analyzes the relationship between the insurance company asset allocation and the funds income and risk of insurance companies by simulating the different insurance companies' earnings on different asset allocation and different equity investment yield, so as to arrive at the objective how to configure which prescripts to funds operation of insurance companies is reasonable, demonstrates the rationalities of insurance funds operation prescripts which have been constituted by the China Insurance Regulatory Commission, and considers the equity investment of insurance companies can be properly enhanced to thirty percent of total assets because China's economy will develop stably, chronically and at high-speed .

文中通过借助目前A股上市的中国人寿、中国平安和中国太保三家保险公司的报表详细地分析了保险公司的盈利模式，验证了保监会关于保险资金运用的管理规定与保险公司的投资收益率存在的相关性，并通过模拟在不同资产配置及不同股权投资收益率下保险公司最后的收益情况，用数据分析了保险公司资产配置与保险公司的资金收益和风险的关系，从而得出保险公司的资金运用怎样规定才是合理的，也论证了保监会对保险资金运用的管理规定的合理性，并认为在我国经济仍将长期稳定高速发展的情况下，可适当将保险公司的股权投资比例提高到总资产的30%。

We use the model to examine the effect of preference heterogeneity on asset pricing. We find that in generally, internal habit increase the equity premium while external habit effect on equity premium dependent on the correlation between habits level and risk assets.

我们用这种模型来分析异质偏好对资产定价的影响，发现在通常情形下，内在消费习惯增加股权溢价水平，而外在性消费习惯对股权溢价的影响取决于习惯水平与风险资产的相关性。

B . the amount of a long-term equity investment acquired in the form of non-cash assets from a debtor in settlement of a debt or by swapping a creditor's claim includes the book value of the creditor's claim plus any tax payments.

企业接受的债务人以非现金资产抵偿债务方式取得的长期股权投资，或以应收债权换入长期股权投资的，按应收债权的账面价值加上应支付的相关税费，作为初始投资成本。

Conscientiously do asset disposal programme last year against assets of the assessment results, a follow-up, further funds between state, collective and individual interests, reasonable disposition of assets; Equity structure of the programme diligently, in accordance with the requirements of sustainable development for enterprises, the establishment of reasonable equity structure, integrated into holding face, percentage, holding objects and conditions, Holding forms and relevant supporting policies that open, fair, just, transparent; conscientiously working resettlement programme, with the stock assets settlement of issues left over by history with more features I Homes surplus personnel for the relevant policies, reasonable and lawful solution to the issue of labor contracts with employees of the conversion from state-owned assets set piece, the resettlement of surplus personnel, efforts to stabilize; conscientiously do corporate management structure programmes in strict accordance with the requirements of the modern enterprise system, and regulate the establishment of the Board, shareholders, the board of supervisors, and reasonable adjustment of production structure and organization of production patterns; conscientiously party and mass organizations reform programmes, and actively explore the relationship between the party organizations working system, the forms of organizations, activities, party and mass organizations play a good role in the development of enterprises should be; conscientiously development plan starting from the structure and mechanism, innovation, better planning of new business development ideas, direction, objectives and initiatives.

认真做好资产处置方案，针对去年资产评估的结果，做好后续工作，进一步清产核资，兼顾国家、集体、个人三者利益，合理处置资产；认真做好股权结构方案，按照有利于企业持续发展的要求，合理设置股权结构，综合考虑持股面、持股比例、持股对象和条件、持股形式及相关配套政策，做到公开、公平、公正、透明；认真做好职工安置方案，用存量资产解决历史遗留问题，针对我院富余人员较多的特点，争取相关政策，合理合法地解决职工身份转换与劳动合同问题，从国有资产中划出一块，安置富余人员，努力做好稳定工作；认真做好法人治理结构方案，严格按照现代企业制度的要求，规范建立董事会、股东会、监事会，同时，合理调整生产组织模式和生产组织结构；认真做好党群组织改革方案，积极探索党群组织的工作体制、组织形式、活动方式，发挥好党群组织在企业发展中应有的作用；认真做好发展规划方案，从体制和机制入手，大胆创新，规划好新型企业发展的思路、方向、目标和举措。

So the transfer of stock become the only choice of limited company shareholders, as company law, how to design a kind of mechanism is very necessary concerning effective protection for the legitimate rights of companies and interests of assignor, assignee and other shareholders directly.

在现有法律体系下，股东在公司存续期间不能抽回投资，于是转让股权也就成了有限责任公司股东退出公司的唯一选择，但是为了维护其人合性，对股权转让又必须做出适当的限制性规定。

ChinaVenture recently released the latest report said that the future of China's private equity market over a period of time will remain at a low ebb period, private equity institutions to pay more attention to investment opportunities for listed companies.

投中最近发布的最新报告说，中国的私人股权市场在一段时间内的未来将处于低潮时期仍然存在，私人股权投资机构更多关注的投资机会上市公司。

In recent months SMFG has acquired a stake in a bank in Vietnam, and Bank of Tokyo -Mitsubishi UFJ, the country's largest bank by assets and market value, has bought stakes in banks in Hong Kong and Singapore.

最近几个月，日本的三井住友金融财团已经购得越南一银行的股权，东京三菱银行——日本以资产和市值计算最大的银行，购得了香港和新加坡两家银行的股权。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。