证券公司

The empirical part choose 100 listed companies in Shanghai Stock Exchange market as the samples, analyzing their annual report data of 2005,2006 and 2007, using least squares regression analysis. I chose seven items to reflect the character of corporate governance. They are shareholding ratio of the biggest holder, the proportion of outstanding shares, the design of the Audit Committee, the general manager and chairman of the settings, the scale of the Board, the proportion of independent directors, and the share of executives.

实证部分以上海证券交易所上市的100家中国上市公司为研究样本，采用这些上市公司2005、2006和2007年的年报数据，运用最小二乘法进行回归分析，解释变量分别是第一大股东持股比例，流通股比例，高管人员持股比例，总经理与董事长的设置情况，独立董事比例，董事会规模，是否设计审计委员会。

Debentures, debenture stock, bonds or other securities may be made assignable free from any equities between the company and the person to whom the same may be issued.

公司债券、股票债券、债券或其他证券可转让股票不受该公司与人同日发行。

Y To borrow or raise or secure the payment of money in such manner as the Company may think fit without limit as to amount and in particular but without limiting the foregoing to issue debentures or debenture stock , and to secure the repayment of any money borrowed, raised or owing by mortgage, charge or lien upon all or any of the property or assets of the Company both present and future including its uncalled capital and also by similar mortgage, charge or lien to secure , and guarantee the performance by the Company or any other person or company of any obligation undertaken by the Company or any other person or company as the case may be

y 以视为适宜的方式和按适宜的条款，以及以适当方式和具体用本公司目前、将来的全部或部分承诺、财产、资产、权利以及未收资金，以按揭、抵押、发放债券或借款股份或任何类型的证券的方式，举债或借债并担保本公司的资金支付以及资金偿还等债务或义务

The clients Shi worked for or is working for are including: Hangzhou SongCity Travel Development Co., Ltd, Hangzhou Haihua Hotel, Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd, Zhejiang Shangfeng Industry Co., Ltd, Zhejiang King Refrigeration Industry Co. Ltd and Youcan International ING., for who Shi provided legal service for their IPO in or outside China or acted as long term legal counsel. Meanwhile, he also did some attempts and research on the new capital operation fields such as short term capital securities and assets securities. Mr. Shi dealt with the bankruptcy and reorganization project of Tianhe Securities Company and a large size real estate group company, which was valued at several billons, and had great social impact. Shi has dealt with over ten of corporation disputes for companies in all kinds, and had rich practice experience in the area of corporation litigation as well.

施海寅律师曾经或正在为杭州宋城旅游发展股份有限公司、杭州海华大酒店有限公司、浙江古越龙山绍兴酒股份有限公司、浙江上风实业股份有限公司、浙江国祥制冷工业股份有限公司、佑康食品国际有限公司等拟上市或已上市企业的国内外上市和股票发行以及常年顾问提供法律服务，同时在短期融资券及资产证券化等新型的资本运作领域也作了不少尝试和探索；施海寅律师处理的天和证券经纪有限公司和杭州某大型房地产集团有限公司破产重组业务涉及数十亿金额，具有重大的社会影响；施海寅律师在执业经历中处理了数十起各种类型的公司业务法律纠纷，在公司诉讼领域同样具有丰富的实务经验。

In contrast, most of the solar companies listed on U.S. bourses have seen considerable rise in their share values, with some even doubling since the beginning of the year.

与许多在美国证券交易所上市的太阳能公司比较，他们的股价都有所增长，有些公司的股票从今年初到现在还出现了翻番。

Bys was founded in november 1992 under the approval of guangzhou municipal government.

广州白云山制药股份有限公司广州白云山制药股份有限公司是1992年11月经广州市人民政府批准，由广州白云山制药总厂等五家企业通过改制而成立的股份制企业，1993年11月作为广州市首批上市公司之一在深圳证券交易所挂牌上市，现拥有总股本3.74亿元。2004年，公司销售规模达到25亿元。

BYS was founded in November 1992 under the approval of Guangzhou Municipal Government.

广州白云山制药股份有限公司是1992年11月经广州市人民政府批准，由广州白云山制药总厂等五家企业通过改制而成立的股份制企业，1993年11月作为广州市首批上市公司之一在深圳证券交易所挂牌上市，现拥有总股本3.74亿元。2005年，公司销售规模达到28亿元。

The company has been gearing the international practice, making great efforts to introduce new foreign uniforms concepts. Referring to the experiences of European and American uniforms and Combining the characters of domestic various uniforms, with fashion fabrics, original design, exquisite techniques and perfect services, supplies individuality planning, professional design,and tailor-made senior business suit, excellent career suit, style shirt, fashionable dress and Engineering uniforms, the security uniforms, marketing uniforms, rainproof clothing, anti-static suits, working clothes, factory clothes, school uniforms, sportswear, the exhibition dress, cultural shirts, sunbonnets, ties, cravats, scarf, aprons, advertising umbrella etc for banks, telecom, aviation, wharf, electric power, insurance, department, hotel, property, malls, school, factory, hospital and so on.

公司一直与国际接轨，大力引进国外制服新理念，在极力借鉴欧美制服经验的同时，结合我国各行业制服的特点，以时尚的面料、新颖的设计、精湛的工艺、完善的服务，为众多银行、证券、电信、航空、机场、码头、电力、保险、机关、酒店、物业、运输、公司、商场、学校、工厂、医院等知名企事业单位个性策划、专业设计、量身定制高级商务西装、精品职业套装、时尚衬衫、流行时装及工作服、制服、保安服、促销服、防静电服、工程服、厂服、校服、运动服、T恤、广告衫、文化衫、太阳帽、领带、领花、方巾、围裙、广告伞等服饰。

The company has been gearing the international practice, making great efforts to introduce new foreign uniforms concepts. Referring to the experiences of European and American uniforms and Combining the characters of domestic various uniforms, with fashion fabrics, original design, exquisite techniques and perfect services, supplies individuality planning, professional design,and tailor-made senior business suit, excellent career suit, style shirt, fashionable dress and Engineering uniforms, the security uniforms, marketing uniforms, rainproof clothing, anti-static suits, working clothes, factory clothes, school uniforms, sportswear, the exhibition dress, cultural shirts, sunbonnets, ties, cravats, scarf, aprons, advertising umbrella etc for banks, telecom, aviation, wharf, electric power, insurance, department, hotel, property, malls, school, factory, hospital and so on.

公司一直与国际接轨，大力引进国外制服新理念，在极力借鉴欧美制服经验的同时，结合我国各行业制服的特点，以时尚的面料、新颖的设计、精湛的工艺、完善的服务，为众多银行、证券、电信、航空、机场、码头、电力、保险、机关、酒店、物业、运输、公司、商场、学校、工厂、医院等知名企事业单位个性策划、专业设计、量身定制高档商务西服、精品职业装、套装、品牌衬衫、工作服、制服、保安服、促销服、工程服、厂服、校服、运动服、T恤、广告衫、文化衫、太阳帽、领带、领花、方巾、围裙、广告伞等服饰。

China Securities Regulatory Commission recently revised provisions of the acquisition of listed companies, shareholders of listed companies will be exempt holdings by "pre-application" to "ex post facto."

中国证券监督管理委员会最近修订的上市公司，上市公司股东的收购规定将&预申请&豁免持有的&事后&。

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.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。