股票市场

Galaxy Securities is also the view of the researcher, A-share market has been undervalued, the stock market in the late fall, the industrial capital into the acceptable range of value, with the international market compared to A shares are no longer expensive, emerging in the international capital flows, domestic liquidity loose , A shares, as well as to improve the relationship between supply and demand in the asset allocation under the influence of the plight, A is to enhance the attractiveness of stocks.

银河证券也是研究人员认为，A股市场已经被低估，在秋末股票市场，到可接受的范围值产业资本与国际市场相比，A股不再昂贵，新兴在国际资本流动，国内流动性宽松，A股，以及以改善供求之间的资产配置需求下的困境影响的关系，一个是提高股票的吸引力。

At present national scholars have two viewpoints: one is that there are lenis relations between stock market and economic growth, another is that there are positive relations between stock market and economic growth Because of the differences in some researching mentality and some erroneous zones in measurement analysis method, the credibility of demonstration study conclusions reduced.

目前国内学者存在两种观点，一种认为股票市场与经济增长之间有弱相关关系甚至没有相关关系；一种则认为股票市场与经济增长之间有正向相关关系。

Every country has its stock market, this research used information from stock market to measure sovereign risk of zero external debt country, and used option pricing model to analyze sovereign risk.

世界各国都拥有股票市场，本研究以一国股票市场的资讯来衡量无外债的国家的主权风险，并且以选择权评价模型来分析主权风险。

In order to know more about the effect of the stock market development, it also analyses the negative function of the bubble and the problem of regulation on the stock market.

此外，论文对股票市场监管所产生的经济效应也作了分析。在上述研究基础上，论文概括了股票市场发展效应的总体框架。

After the stock index stock promotes, because the partial investors need to carry on to the asset portfolio redeploy, therefore in the short-term will possibly diverge stock stock market the fund, will affect the Stock market business volume.

股指期货推出后，由于部分投资者需要对资产组合进行重新配置，故短期内可能会分流股票现货市场的资金，影响股票市场交易量。

Resource allocation is an important function of stock market, and resource allocation efficiency is an important part of stock market efficiency.

资源配置功能是股票市场一个重要的功能，资源配置效率是股票市场效率的一个重要方面。

Finally, with Tobin's "Separation Theorem", we introduce the transaction cost into the efficient frontier and t he effective efficient frontier is obtained. And a quadratic utility function is applied to demonstrate that maintaining a suitable level of transaction cost in the current Chinese stock market is important to the equilibrium of the Chinese stock market and the risk control of the individual asset.

本文的第四部分，引用托宾的"分离定理"，通过加入交易成本，区分了名义有效边界和实际有效边界，指出了交易成本调整对我国股票市场均衡影响的作用机制，并引入了效用函数，实证研究了交易成本适度对我国股票市场均衡和个人资产风险水平控制的重要意义。

Problem. What kind of exchange and mechanism is short sale? How does it influence on the stock market? What kind of mechanism of short sales should we establish? What job should we do? The paper attempts to analysis and solve these problems.

卖空交易究竟是一种什么样的交易方式，卖空机制又是怎样一种机制，它对股票市场特别是中国的股票市场会产生什么样的影响，我们要建立一种什么样的卖空机制，应该做那些工作，是本论文力图解决的问题。

The company's stock turnover rate is positively associated with the risk of business distress.

其次，应用Cox比例风险模型及Logistic离散时间风险模型这两种生存分析方法，建立了股票市场因素对公司经营困境影响的评价模型，检验股票市场因素对公司经营困境的解释力与识别力。

Subindex during Mary 1998 to December 2003. Analyses on results provided some reference to policy decision-making for healthy development of Chinese stock market and Macro-economy

在定量和实证分析的基础上，分析股票市场和宏观经济的波动性特征，分析他们的相互关系，最后为我国股票市场未来的健康发展，提供一定的参考和政策建议。

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。