证券

"Unit investment trust" means an investment company which is organized under a trust indenture, contract of custodianship or agency, or similar instrument, does not have a board of directors, and issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities.

"单位投资信托公司"是指投资公司是根据信托契约，管理人员或机构地位，或类似文书的合同组织的，没有董事会，和问题的唯一可赎回证券，每一个代表，在一个指定的证券单位的利益不可分割。

Chapter six presents such new concepts as margin utility contribution force, profit-risk exchange rate, state-expectation-variance utility function, long-term expectation-variance utility curve and optimal portfolio expansion curve. The state-expectation-variance analytical method is developed from the expectation-variance analytical method. The changing rate of profit-risk exchange rate to state variable is used to define and distinguish the decreasing, constant and increasing relative risk aversion. A decomposition formula about the margin contribution force of holding wealth to state-expectation-variance utility function is displayed. The decomposition formula demonstrates that the contribution force of investors' holding wealth to their utility is composed of the pure contribution force of holding wealth and the investment contribution force bronght about through investment portfolio.

第六章提出了边际效用贡献力、收益—风险替换率、状态—期望—方差效用函数、长期期望—方差效用曲线、最优证券组合扩展线等新概念；把期望—方差分析方法发展成状态—期望—方差分析方法；用收益—风险替换率对状态变量ω的变化率来定义和区分递减、定常、递增相对风险厌恶；获得了持有财富对状态—期望—方差效用函数的边际贡献力的分解式，该分解公式表明投资者的持有财富对他的效用的贡献力由持有财富本身的纯贡献力和持有财富通过投资证券组合所产生的投资贡献力所组成。

Because of the deficiency of the index analysis method, the author puts forward the increment analysis method as an improved method, studies and demonstrates the theory and method and procedure and points for attention of the increment analysis.

第二部分，第四章至第六章，属于指数的应用研究，在对价格类型和价格指数体系进行分类和分析的基础上，研究和构建了股价指数、国债价格指数和证券投资基金价格指数三维一体的金融证券价格指数体系，并对这三种价格指数的理论和应用作了系统的研究和探索。

Article 24 CSRC shall examine and check the regularity of the materials for archival filing for the establishment of a limitative aggregate asset management plan, and shall issue its written opinions to the securities company on whether there is any demurral.

第二十四条中国证监会对设立限定性集合资产管理计划的备案材料进行合规性审核，并向证券公司出具是否有异议的书面意见；中国证监会无异议的，证券公司方可推广其所提交备案的集合资产管理计划。

Article 49 If the Company or any of its directors, supervisors, senior executives, shareholders, de facto controller or purchaser is subject to the investigation by the competent organ, the compulsory measure given by the justice and discipline department, the transfer to the justice organ, the criminal liability given by the justice organ, the audit by the CSRC, the administrative punishment, ban from the stock market, the confirmation as an improper person by the CSRC, the punishment by any other administrative department or the public denouncement by the stock exchange, the Company shall offer reasons and conclusions.

第四十九条公司及其董事、监事、高级管理人员、公司股东、实际控制人、收购人如在报告期内有受有权机关调查、司法纪检部门采取强制措施、被移送司法机关或追究刑事责任、中国证监会稽查、中国证监会行政处罚、证券市场禁入、认定为不适当人选被其他行政管理部门处罚及证券交易所公开谴责的情形，应当说明原因及结论。

Deputize for securities investment, provide analytical reports of stock economy and securities market, as well as related consultation services.

经营主业Business Scope：代理各种证券投资业务，提供股份经济及证券市场的研究分析报告及相关的咨询服务。

CTS becomes the advantageous tool to reduce the cost and supervise and control risks in securities company. CTS is the direction indicator of the stock exchange.

集中交易成为证券公司节省交易成本、进行风险监控的有利工具，也代表了证券交易的发展方向。

Since the foundation of Shanghai securities market, many researchers study the efficiency of Chinese securities market by using foreign test method. But their conclusions are disaccord.

自从上海证券市场成立以来，很多学者借鉴国外EMH的检验方法对我国证券市场有效性进行了研究，得出的结论却不尽相同。

This paper holds that it is because of the absence of the standard system andpowerful measures of surveillance in today's market of security business that the markethas the phenomenon of the dissymmetry of information.

本文认为，证券市场之所以存在股东和公司之间的信息不对称现象，主要是因为目前证券市场的信息披露制度不规范以及缺乏强有力的监管手段。

The principle of distinguishing refers to the distinguishment based on different standards of objects, behavior, principle of imputalion and establishing manners of civil liability in security transaction.

区分原则是指由于证券交易民事责任具有复杂性，在构建证券交易民事责任体系时应按主体、行为、归责原则和设定方式等不同的标准进行区分。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。