证券公司

In December, for example, another Sinopec subsidiary spent $2 billion to acquire Tanganyika Oil, which, like Addax, trades on the Toronto Exchange.

例如，在12月，另一家中国石化的分公司花了20亿美元收购加拿大Tanganyika石油公司，这家公司像Addax一样，在多伦多证券市场上市。

Article 37 Where a purchaser modifies the conditions for the takeover offer within the effective term of the takeover offer, the purchaser shall submit a written report to the CSRC in advance, represent a copy of the report to the office under the CSRC located in the place where the listed company lies, send a copy of the report to the stock exchange, and notify the company to be taken over; no implementation shall be effected, and no announcement shall be made without approval by the CSRC.

第三十七条收购人在收购要约有效期限内更改收购要约条件的，必须事先向中国证监会报送书面报告，同时抄报上市公司所在地的中国证监会派出机构，抄送证券交易所，通知被收购公司；经中国证监会批准后，方可执行，并予以公告。

Consequently, this essay choose the "Z-Score Model", which was developed by Altaian, the famous American expert in risks management, to analyze and evaluate the listed companies' credit risks in China and to verify its efficiency to Chinese stocks market. The " Z-Score Model" is an innovation in the evaluation of companies' credit risk in the United States' banks, which is now being used widely. If the model is also applicable in Chinese stocks market, it will be significant in both theories and practices.

因此，本文选用作为美国商业银行信用评估方法的一次重要创新的，目前仍被美国商业银行广泛使用的，由美国著名信用风险管理专家Altman建立的"Z评分模型"(Z-Score Model)来对我国上市公司的信用风险状况进行实证研究，验证其在我国股票市场的有效性程度，如果能证明"Z评分模型"同样适用于我国证券市场，并将其改造为更适合我国上市公司的信用风险分析模型，将不仅具有很大的理论价值，而且也具有十分重要的现实意义。

By the way, Chunghwa Telecom will issue American Depository Receipts in the United States in early July, I will go to New York Stock Market to protest the issuance of Chunghwa Telecom's ADR. Therefore, I hope President Morton Bahr can help in affording necessary arrangement and assistance.

另外，中华电信公司打算七月初在美国发行美国存托凭证，我希望美国电信工会理事长Morton Bahr能提供必要的协助与安排，我要到纽约证券市场去抗议中华电信公司发行ADR。

As a new refinancing instruments of quoted company,convertible bond adds energy to securities business.

上市公司可转换债券作为一种新的上市公司再融资工具，为我国的证券市场增添了活力。

PrimeCredit fixed-income securities researcher Chang-jun said that the hippocampus of convertible bonds for example, the early redemption Back to the provisions of -"company's share price 30 consecutive trading day, at least 20 trading days is higher than the current price of 130% Convertible hippocampus shares have the right to the face value of 103% the redemption price of non-transfected hippocampus convertible shares ", that is, the hippocampus 120 convertible price even higher than 130 yuan, the listed companies out of concern ahead of the redemption, bond investors tend to choose large-scale Convertible.

安信固定收入证券研究员长军说，例如可转换债券海马，提早赎回回的规定-"公司的股价连续30个交易日，至少有20个交易日是比当前价格高出130 ％可转换海马的股价已到了103％，票面价值的赎回价格的非转染海马兑换股票"的权利，即，海马120可兑换的价格甚至高于130元的上市公司关注提前赎回，债券投资者倾向于选择大型敞篷车。

Has laws restricting bucket shop practices by limiting the ability of brokerage houses to create and trade certain types of over-the-counter securities.

圆桶公司有时被叫做"锅炉房"。美国法律严格限定圆桶公司做经纪业务的行为在建立和交易特定的柜台交易的证券产品上。

With the development of the stock market and the growth of listed companies in China, it is becoming increasingly important to research on the listed company, including dividend policy, and cash dividend is one of the very important styles.

随着中国证券市场的发展和上市公司的壮大，对上市公司的研究日显重要，其中包括对股利政策的研究，而现金股利分配又是股利政策非常重要的一种形式。

The company said on Wednesday that it had requested that the US Securities and Exchange Commission declare its registration statement effective from Wednesday, 4 pm EDT.

Google周三表示，公司已向美国证券交易委员会提出申请，要求美国证交会宣布公司的上市登记表从东部时间周三下午4点开始生效。

"Disintermediation: Shift of funds away from financial intermediaries(commercial banks, etc.) into Treasury bills and other securities or, Shift by large corporations away from banks to a parallel market, involving other large corporations ."

金融中介作用减弱：把资金从金融中介机构转移到国库券和其他证券方面去；或一些大公司把资金从银行转移到和其他一些大公司有关的平行市场上去。

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。