证券市场

Bill broker"s system of our country has a lot of questions, mainly: Bill broker system law, regulation, management organization and functionare imperfect in construction; The current operation mode is backward, is difficult to meet the development of network economy and securities market; Besides, bill broker" s incentive mechanism, management system of inside and risk management are serious defect and insufficient.

我国证券经纪人制度建设目前存在许多问题，主要有：证券经纪人制度法律、法规和管理机构、职能建设不健全：现行运作模式落后，难以适应网络经济和证券市场的发展；同时，在证券经纪人激励机制、内部管理制度及风险管理方面均存在严重的缺陷和不足。

China's securities market is a typical capital-driven market, investor sentiment direct impact on the stock market, so that the risk and return between the nonlinear relationship.

中国证券市场是典型的资金推动型市场，投资者的情绪直接影响到了证券市场的供求，从而使得收益与风险之间产生了非线性关系。

The second chapter is an introduction to the commodity money feature of the securities and their characteristic.

从而确立了在完全市场假设条件下证券市场的供求均衡点。第六章证券市场供求统计。

On Monday, 3 August 2009 if in the reasonable opinion of the Underwriter: the success of the Rights Issue would be materially and adversely affected by: the introduction of any new law or regulation or any change in existing law or regulation (or the judicial interpretation thereof) or other occurrence of any nature whatsoever which may in the reasonable opinion of the Underwriter materially and adversely affect the business or the financial or trading position or prospects of the Group as a whole; or the occurrence of any local, national or international event or change, whether or not forming part of a series of events or changes occurring or continuing before, and/or after the date hereof, of a political, military, financial, economic or other nature (whether or not ejusdem generis with any of the foregoing), or in the nature of any local, national or international outbreak or escalation of hostilities or armed conflict, or affecting local securities markets which may, in the reasonable opinion of the Underwriter materially and adversely affect the business or the financial or trading position or prospects of the Group as a whole; or any material adverse change in the business or in the financial or trading position of the Group as a whole; or any material adverse change in market conditions (including, without limitation, a change in fiscal or monetary policy or foreign exchange or currency markets, suspension or restriction of trading in securities) occurs which in the reasonable opinion of the Underwriter makes it inexpedient or inadvisable to proceed with the Rights Issue; or the Prospectus or announcements of the Company published since the date of the Underwriting Agreement when published contain information (either as to business prospects or the condition of the Group or as to its compliance with any laws or the GEM Listing Rules or any applicable regulations) which has not prior to the date hereof been publicly announced or published by the Company and which may in the reasonable opinion of the Underwriter is material to the Group as a whole and is likely to affect materially and adversely the success of the Rights Issue or might cause a prudent investor not to accept the Rights Shares provisionally allotted to it, the Underwriter shall be entitled by notice in writing to the Company, served prior to the Latest Time for Termination, to terminate the Underwriting Agreement.

务请注意，倘包销商合理认为，则包销商可于二零零九年八月三日下午四时正前，随时向本公司发出书面通知，终止包销协议所载的安排：供股之成效将因下列事项而受到重大不利影响：引入任何新法律或法规，或现行法律或法规有任何改变，或发生包销商合理认为可能对本集团整体业务或财务或贸易状况或前景构成重大不利影响之任何性质之其他事件；或发生任何本地、全国或国际的政治、军事、财务、经济或其他性质（不论是否与上述任何事件同类）之事件或变化（不论是否于本公布日期之前、当日及╱或之后发生或延续之连串事件或变动之一部分），或任何本地、全国或国际性之敌对行为或武装冲突爆发或升级，或发生会影响本地证券市场的事件或变化，且包销商合理认为该等事件或变化可能对本集团整体业务或财务或贸易状况或前景构成重大不利影响；或本集团整体业务或财务或贸易状况出现任何重大不利变动；或市场状况发生任何不利变动（包括但不限于，财务或货币政策或外汇或货币市场的任何变动、证券买卖暂停或受到限制），而包销商合理认为该等变动很可能使进行供股变得不宜或不智；或本公司于包销协议日期后发出之章程或公布载有于本公布日期前本公司未公开发布或刊发之资料（不论关于本集团业务前景或状况或本集团遵守任何法律或创业板上市规则或任何适用法规的情况），而包销商合理认为该等资料可能对本集团整体而言属重大，并很可能对供股的成效构成重大不利影响或可能导致审慎投资者不接纳获暂定配发的供股股份，则包销商可于最后终止时间前，向本公司发出书面通知终止包销协议。

After the demand-supply curve being set up, a partial analysis is drawn into investor behavior with the conclusion that the profit maximizing portfolio is at the point where the investment budget line touches the investment indifference line, or, to be more exact, the topgallant investment bundle for any investor is when any pair of investment assets have the same marginal return.

本文采用现代经济学的分析方法尝试对证券这种虚拟资本进行研究，力求实现证券市场的产品配置与经济学基本问题研究对接的同时，主要在以下几个方面提出了一些自己的见解：证券这种特殊的产品也具有价值和使用价值，证券产品的价值不是真正意义上的价值，而是交换价值；证券产品的使用价值在子能够满足人们投资或投机的需要。

There is a high interdependence on economy and international trade of straits. The join into WTO brought straits endless business opportunities. The further mergence of capital markets forced stock markets of straits toward a maturer and sound investitive structure and a normal development. It is hope that the stock markets of straits will be more competitive and create a "mutual benefit" and a "win win" new economic mode of the Grand Chinese Economic Circle.

两岸在经贸上的相互依存度高，进入 WTO 后给双方带来无限商机，资本市场将进一步融合，迫使两岸证券市场，朝向更完善及健全的投资结构与规范化发展，期使两岸证券市场更具竞争性，创造「互利」、「双赢」的属於大中华商圈的新经济模式。

The margin transaction system of U.S., Japan and Taiwan represents respectively market model, specialization model and osculant model.

虽然证券信用交易具有刺激投资者积极投资、活跃证券市场、并最终促进货币市场和资本市场的协调发展等重要作用。

Making the security market still very unstandard at present, a large amount of focuses paid attention to in research about the security market are the validity of the security market and fluctuation of the market.

大量关于证券市场研究的关注焦点是证券市场的有效性和市场的波动问题。

Credit Suisse is planning to continue to operate in American residential mortgage-backed securities, for example, where markets are deeper and more liquid, but exit the sludgier European RMBS market, where the bank is forced to hold assets for longer.

比如，瑞信正计划继续经营美国住房抵押证券业务，并退出泥泞的欧洲住房抵押证券市场。美国市场潜力更大，也更有流动性，而在欧洲市场，银行被迫长期持有资产。

The essay valuates market operation efficiency of Shanghai Stock Market intraday continuous trading period from their intraday characteristics—cross-section description, intraday seasonality and time series characteristics.

本文从这些指标的日内特征（包括横截面描述、日内季节现象和时间序列特性）来评估上海证券市场日内连续交易时段的市场效率。研究结果表明，上海证券市场的流动性居于国际领先水平。

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。