证券

Chapter Four mainly deals with the conflict of laws aspect of transnational securities trade. Under the prevailing indirect securities holding system, traditional Lex rei sitae is no longer a proper connecting factor which calls for modifying.

第四章论述了跨国证券法律冲突的存在和传统冲突规范的失效，对当今证券间接持有体制下重订冲突规范的有关动向进行了跟踪研究。

The themes of this thesis are as the following: chapterⅠdiscusses the differences between a material information and an inside information, and then points out the legislative error of the insider trading regulation in Taiwan; chapter II briefly introduces the legislative evolution of the Article 157－1 of Securities Exchange Act in Taiwan; chapterⅢ points out the source of law of the "insider trading" regulation and its punishability; chapter Ⅳ analyzes the "insider trading" regulation based on the criminal "Tatbestand" theory in Taiwan.

本文的架构如下：第一章，主要在说明重大消息与内线消息的不同，并点出现行证券交易法对於内线交易规范的立法错误；第二章，简介证券交易法第157条之1的立法沿革；第三章，探讨「内线交易」构成要件及其「可罚性」的法律依据；第四章，则是本文的重心所在，即以我国的刑事构成要件理论剖析「内线交易」构成要件，并同时以法治国刑事法的法理探讨其相关解释、适用疑义暨重新检讨其立法妥当性，乃至於提出修法建议；第五章，评析内线交易的若干实务见解；第六章，则是本文结论与内线交易相关修法建议──以刑事责任为限。

The person in charge at the 2004 and 2007 during the comprehensive management of the brokerage firms, regulatory authorities dispose of a total of 31 securities firms, 26 of which went into receivership stage, is one of Huaxia Securities.

主管在2004年和2007年期间，人的券商综合治理，监管机构处置了31家证券公司，其中26个被接管的阶段了，总共是华夏证券之一。

Many investors, who have suffered not only the damage, but also even to the extent of bankruptcy, can t get legal recoupment.

许多因证券欺诈行为而蒙受损害甚至倾家荡产的投资者，无法获得法律上的有效救济，证券欺诈行为也难以得到有效的监控和遏制。

Furthermore, the company carry out a number of professional and omnidirectional service business, which inclueding: assets reconstruction, financial analysis, financial status consultation, the coporation consolidation and regroupment, and other investment and financial relative business.

一直以来，公司以稳健的风格致力于证券投资咨询业务，开展专业、全方位的证券咨询业务及企业资产重组、财务分析、财务顾问、企业重组兼并咨询策划等业务，并以其雄厚的集团式背景和强大的咨询实力跻身于国内知名的咨询公司前列。

No sooner had it established, than Foretech committed to provide the security investment consultatory sevice to the customers under the principle of stabilization. Furthermore, the company carry out a number of professional and omnidirectional service business, which inclueding: assets reconstruction, financial analysis, financial status consultation, the coporation consolidation and regroupment, and other investment and financial relative business. Own to its powerful group background and strong consulting advantage, Foretech leaps into the front rank of consulting companies in China

一直以来，公司以稳健的风格致力于证券投资咨询业务，开展专业、全方位的证券咨询业务及企业资产重组、财务分析、财务顾问、企业重组兼的咨询策划等业务，并以其雄厚的集团式背景和强大的咨询实力跻身于国内知名的咨询公司前列。

Dispatch of new wall bulletin those who recombine a plan appear on the market the company should refer business of relevant staff of list of inside information insider and company to appear on the market of company negotiable securities check a report oneself, recombine information business to appear on the market with preventing relevant personnel to use company negotiable securities.

新快报讯有重组计划的上市公司要提交内幕信息知情人名单及公司相关人员买卖上市公司证券的自查报告，以防止相关人员利用重组信息买卖上市公司证券。

However there still exist a lot of obstacles in our country, such as technological, legal, environmental obstacles, this paper puts forward the proposals and visions of our risk securitization development under these circumstances: in this stage we should focus on leaning the international successful experience, gradually get over the constraints and obstacles step by step, perfect various regulations and systems; at the same time, we should approve the offshore securitization operation of qualified insurance company, retransfer risk through international mature capital market and intermediate institutes.

但在我国，发展风险证券还存在诸多障碍，如技术、法律政策、环境障碍等，基于此本章提出了关于我国发展风险证券的建议和构想：现阶段应集中借鉴国际上的成功经验，有步骤地逐步克服各种制约因素和障碍，完善各种法规和制度配套；同时批准具备条件的保险公司进行离岸证券化运作，借助国际成熟的资本市场和中介机构进行风险的再转移。

To further facility their securities markets development, by following the American operation and combining with their own development of securities markets, based on credit rating, the rest countries like Britain and some other European countries, also Japan, Korea and India have also established their own credit risk revealment and supervision system and legal system.

英国等欧洲国家、日本、韩国、印度等世界各国效仿美国，根据自身证券市场发展的程度也纷纷建立了相应的以资信评估为支撑的信用风险揭示和管理制度、法律制度，促进了本国证券市场的发展。

Debon, according to Securities Data shows that the active transactions, as well as the Securities and Exchange raise the rate of stamp duty, stamp duty revenue in 2007 grew 11-fold to reach 200,500,000,000 yuan; in the first quarter of 2008 stamp duty revenues reached 59,700,000,000 yuan, year-on-year growth to continue 387.8 percent.

德邦，根据证券数据显示，活跃的交易，以及美国证券和交易提高印花税，税率在2007年收益率增长了11倍，达到2005.00亿元，在2008年印花税收入达第一季597.00亿元，按年增长百分之继续387.8。

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。