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Stimulated by the illusion of free capital, Chinese listed companies show strong preference to equity financing, and form the financing structure of low debt and high equity. Under the circumstance of law efficient capital market, distempered financing institution, and underdeveloped control transfer market, such kind of financing structure enlarges interest conflicts between stockholders and managements, and lowers the governance efficiency.

我国上市公司在免费资本幻觉的驱使下表现出强烈的股权融资偏好,形成了重股权、轻债权的融资结构,在目前我国证券市场低效、控制权市场欠发达、融资制度不健全的情况下,这种融资结构加大了股东与经理人之间的利益冲突,降低了公司的治理效率。

"Securities and Futures Commission to further improve the listed companies to apply for the refinancing of listed companies when the cash dividend of standards, from less than in the past three years to achieve average annual distributable profits of 20% to 30%, and the limit on cash dividends Way."

"证券及期货事务监察委员会,以进一步提高上市公司申请再融资的上市公司的标准时,现金股利,从低于过去3年内达到每年平均20%的可分配利润的30%,而限制说,现金股利之路。"

In terms of litigation, Lawyer Dai has successfully represented a dispute over advance payment for medical charges filed by victim of traffic accident escaper against PICC, the first case of the same nature in China, the claim for recovery of personal properties during existing and valid marriage, the first case of the same nature in Tianjin, under which as much as USD 60,000 was redeemed for the client, Robbery by Ilias, a Russian, tax erosion by Gao Lihong, a Taiwanese and other major and influential cases.

代律师具有极强的敬业精神、踏实的工作作风以及应变能力,在诉讼和非诉讼领域均取得突出成绩,诉讼中成功代理全国首例交通肇事逃逸案件伤者起诉中国人民保险公司预付医疗费纠纷案、新婚姻法实施后本市首例婚内起诉返还个人财产案(为当事人挽回损失6万余美元)以及伊丽亚斯抢劫案、高丽红偷税案等重大影响案件,现代理封金花等多人诉天津环球磁卡股份有限公司证券虚假陈述案,为天津市首例国有企业改制——天津市通源淀粉厂企业改制出具法律意见书,并担任本市多家大型规模公司的常年法律顾问。

Acting as a futures commission merchant, introducing broker, commodities trading advisor, community pool operator, floor broker, leverage transaction merchant, any other person or activity regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity

社区水池操作员作为未来代售商,介绍经纪、商品换顾问,社区水池操作员、地板经纪、杠杆作用交易客商、其他人或活动在商品未来以前调控换委员会,或任何的一个伴生的人前面,或作为一位投资顾问、保险商、经纪或经销商在证券,或作为任何投资公司、银行、存款和贷款协会或保险公司的一名附属的人、主任或雇员,或参与或继续任何品行或实践于这样的活动相联

Now you have to be a lot more selective, said Blake Howells, director of equity research for Becker Capital Management, an investment firm in Portland, Ore., with about $2 billion in assets.

现在,你必须有更多选择,说:布雷克厄尔斯证券研究部主任贝克尔资本管理公司,与约20亿美元的资产在俄勒冈州波特兰市的投资公司。

The internal control refers to the organization in order to enhancethe management efficiency and full effectively obtains and uses eachkind of resources, achieved decides management goal, but inorganization interior implementation each kind of restriction andadjustment organization, plan, method and procedure.

A、总经理或相应企业负责人 B、公司的董事会或者相应机构 C、公司的监事会或者相应机构 D、企业内部审计机构或人员 84、除财政部门外,审计、税务、、证券监管及保险监管等部门依照有关法律、行政法规规定的职责和权限可以对有关单位的会计资料实施监督。

It is inversely accepted that the validity of corporate governance will directly influence the development of the economy and the progress of the society.

我国的市场经济和证券市场的起步较晚,公司治理的研究也在90年代才开始,上市公司的财务信息披露存还在很多不尽人意的地方。

The Electrical and Mechanical Korda, the Securities analyst Kim pointed out that the construction company to seize the first opportunity for home-made ceramics of Mechanical, has laid a national leader, and now turned to gas supply service providers, more stringent environmental protection enterprises move that led to the Tao The company provides a background to the stage.

对于科达机电,国金证券分析师指出,公司抓住第一次建筑陶瓷机械国产化机遇,奠定了国内龙头地位,而目前又变身为煤气供应服务商,环保趋严导致陶企迁移这一背景给公司提供了舞台。

A listed company convertible bond is one kind of late-model finance derive from a listed company broadens a financing channel , urban and rural residents expands important investment implement with investment of breed , prosperous bond market under the implement , circumstances existing side by side in various financing way in the nowadays.

上市公司可转换债券作为一种新型的金融衍生工具,在当今多种融资方式并存的形势下上市公司拓宽融资渠道、城乡居民扩大投资品种、繁荣证券市场的重要投资工具。

In abbreviation of this negotiable securities more before the name, the net filled a company to already undertook modificatory to company name by the program.

在此次证券简称更名之前,网盛公司已按程序对公司名称进行了变更。

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The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

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