证券市场

This paper is based on previous studies of value premium. The sample is from Shanghai and Shenzhen Stock Market, all the A stocks issued before 1999 are included. The paper tries to answer three questions:(1) whether there is value premium in Chinas stock market;(2) whether the value premium is caused by risk premium;(3) whether the value premium is caused by investor sentiment.

在这种背景下，本文在借鉴前人已有研究成果的基础上，选取上海证券交易所和深圳证券交易所1999年1月1日以前上市的全部A股为研究对象，试图研究三个问题：第一，中国股票市场是否存在价值溢价现象；第二，价值溢价是否是由风险补偿引起的；第三，价值溢价是否是由投资者情绪引起的。

Article 2 The "foreign stock exchanges" as mentioned in these Measures means the stock exchanges, securities automated quotation or electronic trading systems or markets established abroad.

第二条 本办法所称境外证券交易所，是指在境外设立的股票交易所、证券自动报价或电子交易系统或市场。

Yesterday Shanghai and Shenzhen stock market turnover of 125,700,000,000 yuan and 58.4 billion, representing a significant increase in close again.

昨天，上海证券交易所和深圳证券交易所的1257.0亿元和58.4亿元，占一密切再次大幅增加，市场成交量。

New York Stock Exchange in American is biggest one in the world, whose Dow Jones index(and later纳斯达克科技股指数)was not only the barometer of American economy, but also the registering weather vane of the major stock market in the world.

美国纽约证券交易所是世界上最大的证券交易所，它的道·琼斯指数(及以后的纳斯达克科技股指数)不光是美国经济的晴雨表，也是世界上大多数股票市场的风向计，一荣俱荣，一败俱败。

Chapter 6 discusses systematically the appliable law and jurisdication of international securities,and analyses the effects of the uniform market of European Common Community on the conflict of security laws.

第六章系统讨论了国际证券的法律适用问题及管辖权问题，并就欧共体统一市场对证券法律冲突产生的影响进行了分析。

The book running lead managers are Enam Securities, Kotak Mahindra, I-Sec and SBI Capital Markets.

此外，财务运作主要管理公司还有Enam证券公司、印度Kotak Mahindra资产管理有限公司、孟买I-Sec证券公司及印度国家银行资本市场公司SBI Capital Markets Ltd。

Key issues studied by the Steering Committee include a single clearing arrangement for securities, stock options, futures and other exchange-traded transactions, straight-through processing and scripless securities market.

督导委员会研究的主要项目包括为证券、股票期权、期货及其他在交易所进行的买卖作出统一的结算安排，以及发展直通式金融交易和无纸化证券交易市场。

The Steering Committee recommended that a single clearing arrangement for securities, stock options, futures and other exchange traded transactions, straight-through processing and a scripless securities market should be developed.

督导委员会建议为证券、股票期权、期货及其他在交易所进行的买卖作出统一的结算安排，以及发展直通式金融交易和无纸化证券交易市场。

Under the assump tion of rea sonable expectations and based on the historica l p rice s of securities and the future p rices of securities with unp redic table benefits, analysis could indica te that the market is fairly inefficient .

中文摘要：在理性预期假定下，基于证券历史价格和收益信息，不能预测证券的未来价格，即市场是弱有效的。

It is understood that the CAS's 17 business department in 2005 by the National Securities Depositories letter, only more than 40 million of client assets, not as good as Guosen Securities Hongling a business department hosting market.

据了解，中科院的17个营业部在2005年由国家证券托管机构的信中，只有40多万客户资产，而不是像国信证券红岭良好的商业部门托管市场。

And Pharaoh spoke to Joseph, saying, Your father and your brothers have come to you.

47：5 法老对约瑟说，你父亲和你弟兄们到你这里来了。

Additionally, the approximate flattening of surface strip using lines linking midpoints on perpendicular lines between geodesic curves and the unconditional extreme value method are discussed.

提出了用测地线方程、曲面上两点间短程线来计算膜结构曲面测地线的方法，同时，采用测地线间垂线的中点连线和用无约束极值法进行空间条状曲面近似展开的分析。