证券

There is risk if I/we provide you with an authority that allows you to apply my/our securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge my/our securities collateral for financial accommodation or deposit my/our securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities.

向阁下提供授权书，容许其按照某份证券借贷协议书使用本人/吾等的证券或证券抵押品，将本人/吾等的证券抵押品再质押以取得财务通融，或将本人/吾等的证券抵押品存放为用以履行及清偿其交收责任及债务的抵押品，存在一定风险。

There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateralas collateral for the discharge and satisfaction of its settlement obligations and liabilities.

向持牌人或注册人提供授权书，容许其按照某份证券借贷协议书使用你的证券或证券抵押品、将你的证券抵押品再质押以取得财务通融，或将你的证券抵押品存放为用以履行及清偿其交收责任及债务的抵押品，存在一定风险。

There is risk if I/we provide you with an authority that allows you to apply my/our securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge my/our securities collateral for financial accommodation or deposit my/our securities collateral as collateral for

向阁下提供授权书，容许其按照某份证券借贷协议书使用本人/吾等的证券或证券抵押品、将本人/吾等的证券抵押品再质押以取得财务通融，或将本人/吾等的证券抵押品存放为用以履行及清偿其交收责任及债务的抵押品，存在一定风险。

"Scripless Securities" means stocks, shares or other securities within the meaning of "book-entry securities" as defined in Section 130A of the Companies Act including all instruments, orders and regulations made under or deriving validity therefrom which have been listed on the SGX and which have been designated by the SGX as eligible for deposit with The Central Depository Limited and for clearance and book-entry settlement of transactions on SGX.

无纸化证券指《公司法》第130A中规定的记账证券的定义下包括的股权，股票，或其他证券。包括《公司法》下所有的金融工具，依据《公司法》制定的指令和规范，或者衍生效力。这些工具已经在新加坡证券交易所上市，并被交易所指定成为可在新加坡中央托收公司进行抵押的合格抵押物，并有资格在新加坡证券交易所进行交易清算和账簿处理。

The author himself has been experiencing the turbulence of Chinese securities market, and has the same feeling of greed of human beings in securities market with the minority investors, and has apperceived the impact on law especially civil and commercial law imposed by the concept of right-orientation and the principle of good faith, so it is natural that the author chooses the Civil Liability of Securities Fraud to be the topic of his graduation thesis.

作者亲身体验了中国证券市场的动荡，并对通过证券市场表现出来的人性贪婪的一面与弱势投资者感同身受，加之数年受法律尤其是民商法权利本位、诚实信用观念的冲击，于是有了本文便是自然而然的事情了。全文除了前言和结语外，分为三个部分，计三万八千余字。第一部分，首先对全文的两个关键词——证券和证券市场依据国内立法作出了界定。证券是经济发展到一定阶段的产物，指的是记载并且代表一定权利的凭证。

This article arbitrates the legal regime take the Sino-US negotiable securities dispute as the object of study, the union legal science and the finance study knowledge, synthesis utilization methods and so on comparison analytic method, historical analytic method and law explanation study, in arbitrates the system to our country negotiable securities dispute to carry on the thorough analysis in the foundation, absorbed the American negotiable securities dispute to arbitrate the system and the related suggestion, discussed the construction perfect negotiable securities dispute to arbitrate each main system which with emphasis the legal framework needed, and arbitrated the legal regime to our country present negotiable securities dispute to carry on the analysis, then put forward the improvement proposal.

本文以中美证券纠纷仲裁法律制度为研究对象，结合法学和金融学的知识，综合运用比较分析法、历史分析法和法解释学等方法，在对我国证券纠纷仲裁制度进行深入分析的基础上，吸收了美国证券纠纷仲裁制度和相关建议，重点探讨了构建完善的证券纠纷仲裁法律体系所需的各主要制度，并对我国目前的证券纠纷仲裁法律制度进行分析，进而提出改进的建议。

Therefore, transaction costs must be considered in security investment,furthermore,haling no consideration of transaction costs might lead to invalid portfolios.

在实际的投资中，无论是买进证券还是卖出证券，都要求投资者支付一定的交易费用，交易费用的支付会影响到投资者最终的收益，因此将交易费用考虑到证券投资组合模型中十分必要；不仅如此忽略交易费用还可能导致非有效的证券组合，而文[1]在证券投资理论研究中没有考虑交易费用。

Market manipulation makes securities price lapse from its value, influences capital freely floating, infracts the benefit of investors, and demolish the order of securities market.

证券市场操纵行为使证券价格与价值相背离，影响了资本的自由流动，侵害了投资者的利益，破坏了证券市场秩序，使证券市场资本优化功能得不到实现，也违反了&公开、公平、公正&原则。研究表明，美国20世纪30年代证券市场崩溃的原因之一就是市场操纵。

This paper presents the portfolio selection problem of two-attribute money and creates a model of portfolio selection based on two-attribute money, which can both contain the existing portfolio models and overcome the above-mentioned deficiencies. A series of new concepts is put forward, such as, holding wealth, obtainable wealth, short-term utility function, short-term expectation-variance utility function, state-expectation-variance utility function, short-term expectation-variance utility curve, long-term expectation-variance utility curve, margin utility contribution force, additional contribution force, profit-risk exchange rate and optimal portfolio expansion curve; The state-expectation-variance analytical method is developed from the expectation-variance analytical method; A set of systematic theories concerning two-attribute portfolio selection is thus established.

本文提出了两属性货币的证券组合选择问题；创建了既能包含现有证券组合选择模型又能克服上述两点不足的两属性证券组合选择模型；提出了持有财富、可获财富，短期效用函数，短期期望—方差效用函数、状态—期望—方差效用函数，短期期望—方差效用曲线、长期期望—方差效用曲线，边际效用贡献力，附加贡献力，收益—风险替换率，最优证券组合扩展线等一系列新概念；把期望—方差分析方法发展成状态—期望—方差分析方法；建立了两属性证券组合选择模型的一套系统的理论。

Securities investors are securities market's important joiners and securities product's consumers. Recent years, studing on their behaviors has become one of the most popular research projects in the field of international finance and securities, and also is one of research contents close to society and investors. Behavior finance researching investor behaviors has become an important subject.

证券投资者是证券市场的重要参与者和证券产品的消费者，对其行为的研究目前已成为国际金融证券研究领域最活跃的研究课题之一，也是证券市场研究中最贴近社会和投资者的研究内容之一，研究这一领域而发展起来的行为金融学已成为一门显学。

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。