证券

But we think the industry of the security analyst still is the indispensable sector on our capital market.

但是我们也不能否认中国的证券分析师在中国证券市场发展中的重要作用，我们需要为大多数具有专业能力和执业道德的分析师提供充分的市场空间，进而推动我国证券分析师行业健康、稳健的发展，充分发挥他们的作用促进我国的资本市场快速稳健的发展。

Chapter three describes the institutional background of China security analyst industry, including the history of security consultant industry in China, the current situation of sell-side analysts in China, security analysts\' job content and interest relations, and third-party evaluation for security analysts.

第三章介绍中国证券分析师行业的相关制度背景，包括中国证券咨询行业的发展历程、卖方分析师的发展现状、分析师的工作内容和利益关系、以及证券分析师的第三方评价等。

Article 78 Where a securities firm that engaging in security broker business accepts a buy order of a client whose account without enough capital, or sell order of a client whose account without enough securities, it shall be punished according to the provisions prescribed in Article 205 of the Securities Law of the People's Republic of China.

第七十八条证券公司从事证券经纪业务，客户资金不足而接受其买入委托，或者客户证券不足而接受其卖出委托的，依照《证券法》第二百零五条的规定处罚。

In 2003, Jilin Province security trading volume is 2.68 percent of the whole countrys trading volume. The two security companies are Northeast Security Co. which is Comprehensive Company, and ChangCai Security Co.which is Broker Company.

两家法人证券机构为综合类券商东北证券和经纪类券商长财证券，目前两家券商客户资产安全性、流动性较好，法人治理结构和内部控制制度比较完备。

More than two years ago, at CITIC Securities shares less than 10 yuan, the size of the non-lifting of the ban, some holders of the listed company CITIC Securities smart aleck, self introduction to the tens of millions of listed CITIC Securities is about to limit the sale of shares to 5 yuan About the actual prices resold to control their own investment company, which in fact was arrested but lost his watermelon seeds.

两年多前，在中信证券股份不足10万元，对大小非解禁，上市公司持有中信证券的一些聪明aleck，自我介绍的上市中信证券约数千万限制出售股份的5关于人民币的实际价格转售给控制自己的投资公司，实际上被逮捕，但失去了西瓜种子。

At the basis of this, the article discusses the theory basis and valuefunction of information disclosure system, and advances following points: the springhead ofinformation disclosure system rests with the inter of the security market and the characteristicof the security information; the basic value function of information disclosure system is tomake the security market open, justice and equity.

在此基础上，文章论述了信息披露制度的理论基础和价值功能，提出了以下观点：一是信息披露制度的根源在于证券市场风险的内生性和证券信息的特性本身；二是信息披露制度的基本价值功能是使证券市场的运作公开、公平和公正。第二章探讨和分析了我国上市公司信息披露的现状和原因。

It analyzes the sample through statistical way and hypothesis tests which discuss the mechanism and the way that lead to earnings management in A-share IPO firms. Then, some improvement has been put forward including rule of law, accounting standard and accounting system, auditing etc.

对样本数据进行了定量的统计分析和假设检验，从理论和实际相结合的方式系统的阐述了IPO公司盈余管理的形成和实现方式，最后对于证券监管体系包括有关公司、证券法规，会计准则和会计制度，注册会计师审计，证券监管部门等提出若干意见。

It analyzes the sample through statistical way and hypothesis tests which discuss the mechanism and the way that lead to earnings management in A-share IPO firms.

对104家样本数据进行了定量的统计分析和假设检验，利用理论和实际相结合的方式系统阐述了IPO公司盈余管理的形成和实现方式，最后对于证券监管体系包括有关公司、证券法规、会计准则和会计制度，注册会计师审计，证券监管部门等提出相应的建议。

But the stock certificate analysts are making more and more great functions on the stock market.

而证券分析师在证券市场上越来越发挥着重要作用，因而我国有必要建立证券分析师制度，同时用法律加以规制，以促使其良性运作。

The stock certificate civil case duty system is the foundation.

证券民事责任制度是证券民事救济制度的法律基础，是广大中小投资者的民事权利的保障，只有受侵害的利益获得合理的补偿，证券市场才可能获得良性发展。

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。