证券市场

Bill broker s system is the important content of security system, and is one of the important sign of the ripe degree of securities market too.

证券经纪人制度是证券经纪制度的重要内容，也是证券市场成熟程度的重要标志之一。

There are two reasons for such a relation: one of reasons is the stimulating from getting benefit of investment is higher than from interest on deposit. The another one is that the interest rate adjusting down means loosen the supply of money. Just because of the large short wander capital flowing into stock market led the index number going up.

这中间可以观察到的原因主要有两个：证券投资的收益率高于银行存款利率是吸引投资者进行证券投资的因素之一；第二利率的调低也意味着银根的放松，通过游资释放的刺激，使大量的资金进入证券市场，从而形成一轮新的上升行情。

Impact of ambient temperature on system performance of organic Rankine cycle system driven by exhaust

非系统性风险是指对某个行业或个别证券产生影响的风险，它通常由某一特殊的因素引起，与整个证券市场的价格不存在系统的、全面的联系，而只对个别或少数证券的收益产生影响。

Thus, we should establish a credit risk revealment system with the base of information revealment, also securities issue system with the core of credit rating. Based on the Regulation on Credits Management, we should remedy the law related to credit system, complete the property right system of listed companies and juridical person management structure, complete securities issue and auditing system, establish a dynamic information revealment system, reinforce supervision of listed companies, establish and complete investors protection system, construct operation criterion of credit system and culture of trust with the core of credit rating in securities market.

鉴此，应该建立以信息披露为基础的资信评估信用风险揭示机制、构建以资信评估为核心的证券品种发行制度，在出台《征信管理条例》的基础上，修改与信用制度相关的法律，完善上市公司的产权制度、法人治理结构，完善证券发行、上市审核制度，建立动态的信息披露制度，加强对上市公司的监管，建立和完善投资者保护制度，建立以资信评估为核心的证券市场信用制度和诚信文化的执业标准。

In this paper , we combine both Efficient Market Hypothesis and Fractal Market Hypothesis to test our bond markets return distribution , the main results are that the index of Chinese bond market process by fractional Brownian Motion, the orbit is stable Pareto Distribution with α character So, the fractal market hypothesis is more suitable than the efficient market hypothesise

本文结合有效市场假说与分形市场假说理论，通过对我国证券市场中收益率的分布收入研究发现：中国股票市场是以分数布朗运动方式进行的，所形成的运动轨迹呈现出典型的α＜2的稳定帕雷托分布。因此，应该说，"分性市场假说"比"有效市场假说"更适用于中国股票市场。

High-quality audit services can reduce agency cost, solve the problem of information asymmetries that exists in the stock market and improve the efficiency of the stock market.

高质量的审计服务能够降低委托代理成本和证券市场中的信息不对称现象，提高证券市场的效率。

During the past 20 years, great achievement has been attained with Chinas security market opening, although disfigurements were existed.

1982年1月，中信公司在日本发行100亿日元债券，揭开了中国证券市场开放的序幕。20多年来，中国证券市场开放取得了显著的成绩，但也存在许多问题。

Theestablishment suits our country national condition the stock marketsupervising and managing system, regarding guaranteed and promotes ourcountry stock market health development, has the extremely vitalsignificance.

建立适合我国国情的证券市场监管体制，对于保证和促进我国证券市场的健康发展，具有极其重要的意义。

Owing to the uncertainty of western empirical research results and the particularity of China security market, this paper want to develop the research about the relationship between information disclosure level and the equity capital cost in China security market, by constructing innovative measure of key substitute variables.

由于国外实证研究结论的模糊性以及中国证券市场的特殊性，本文试图通过完善各项关键代理变量的设计，来开拓中国证券市场中信息披露水平和资本成本之间联系的研究。

But IPO underpricing is very high in Chinese stock market.

IPO抑价现象普遍存在于世界各国证券市场，而我国的证券市场的IPO抑价相当高。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。