股票市场

Focusing the measurement of financial risk of extreme, this study empirically investigated the extreme risks of Chinese stock market based the theoretical researches of extreme value and relevant conclusions.This dissertation made an in-depth study on the type and nature of the asymptotic distribution of extreme value.

另外，我国正处在经济转型期，虽已初步建立起以国有商业银行为主体的商业性金融体系，但金融体制的市场改革依然远远滞后于其它经济部门，整体行业受政策影响较大，市场运行机制经常发生变化，金融体系风险非但没有降低，反而不断积聚，金融市场动荡加剧，作为市场经济晴雨表的沪深股票市场频频的巨幅涨跌即清楚地表示了金融体系的震荡状况。

OUTSIDE MARKET DEVELOPMENTS:(6:00 AM CST) With the outlook for the Greece situation seemingly improved by the latest austerity program and equity market action generally upbeat over the last 24 hours, that seems to have left physical commodities like the metals markets in favor.

外部市场发展情况：最新严格的救助项目和过去的24小时里股票市场整体向上，看起来对希腊局势前景的看法有所改善，很可能会把力量转向像金属市场的实体商品市场。

From the microcosmic structure of securities market,the problems of stock market liquidity and bargain amount change were analyzed. The dispersed model of amount dynamic state of bargainers was discussed. By neglecting price change,an appropriate proportion of bargainer quantity of both buyer and seller is the lowest standard of the market liquidity. The time achieving stable market liquidity has relation to parameters for bargainer to leave the stock market. Finally,simulation calculation of bargainer quan...

从证券市场的微观结构角度，对股票市场的流动性及交易数量变动问题进行分析·讨论了交易者数量动态离散模型，在忽略价格变动情况下，指出市场流动性的最低标准是买卖双方的交易者数量有一个恰当的比例，市场达到稳定流动性的时间与描述离开股市交易者的参数有关·最后给出股市交易者数量变动的仿真计算

The stock pricing is the focus on the stock market research, it can solve the value centrums of Chinese stock market, provide the support or counterevidence in theory for market supervision, and it also can solve of the problem of irrational investing.

股票市场的定价问题是证券市场研究的焦点问题，其研究的重要意义不仅可在宏观上能解决中国股市的价值中枢，给市场监管提供理论上的支持或反证，另一方面也可从微观层面上解决投资者投资盲从的问题，在当前证券市场持续低迷，可持续发展陷入困境，且本土定价权面临丧失的背景下具有重大的现实意义。

The foreign exchange market is the world's largest financial product market, to September 2007 reached $3.2 billion daily trading of securities market, equivalent to the United States, China's stock market is 30 times the size of 600 times daily.

外汇交易市场是全球最大的金融产品市场，到2007年9月日均交易量达到3.2亿美元，相当于美国证券市场的30倍，中国股票市场日均交易量的600倍。

Capital market consists of stock market, corporate bond market and long and middle term credit market.

资本市场包括股票市场、企业债券市场和银行中长期信贷市场。

So pricing of A-share will be different from foreign share's pricing. Policy intervened is an important factor of unusually fluctuates on the stock market of China, and exert a great influence on the skew of the market price. The arrangement of market system and market assured by government make the market up and down caused by policy.

七、政策干预是中国股票市场异常波动的一个重要因素，并对市场定价偏移产生重大影响，我国股市制度安排和政府为股市隐形担保导致政府时刻受制于股市的涨跌，而频繁调控股市又造成股市的政策依赖性较强、市场系统风险加大等不良后果，最终使政策稳定市场能力逐步减弱，甚至失去效用。

This essay introduced the method and the empirical results of run test, Dickey-Fuller test and variance ratio test on the efficient market hypothesis. Furthermore, reviewed the volatility test method and empirical result on the EMH which relative to the tests based on stock market return.

摘 要：介绍了市场有效性假定的游程检验，DF检验以及方差比检验的方法和相关实证研究的结果，与以上基于股票市场收益的市场有效性检验相对应，对市场有效性假定的波动性检验方法以及实证结果进行了述评。

REITs connects the market of real estate and stock, so the investors no longer need to spend large capital justto participate in the real estate market. Through securitize to detail to investment, and sell in public to decentralize the package. As well the benefit will be to vitalize the real estate market and their capital.

REITs结合不动产市场与股票市场，投资者不再需要以巨额资金才能参与不动产市场，透过证券化的方式将投资金额细小化，并可於公开市场上灵活买卖，以达分散投资组合效果；亦活络不动产市场，让不动产业者可活化资产取得资金。

In the capital market of our country, bond market, especially the proportion of development of the bond market of the enterprise and stock market is very incongruity, It has been a" short leg" of the securities market of our country all the time.

在我国的资本市场中，债券市场，特别是企业债券市场与股票市场的发展比例很不协调，一直是我国证券市场的一条&短腿&。

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。