证券市场

China Galaxy Securities analyst ZHONG in an interview with this newspaper that the market will be postganglionic continuing policy to rescue the market, as well as the United States, Europe and other external markets.

中国银河证券的分析师钟在接受本报表示，市场将继续政策采访节后救市，以及美国，欧洲及其他境外市场。

Information shall mean certain market data and other data disseminated that has been collected, validated, processed, and recorded by the System or other sources made available for transmission to and receipt from either a Redistributor or from NASDAQ OMX relating to: a eligible securities or other financial instruments, markets, products, vehicles, indicators, or devices; b activities of a NASDAQ OMX Company; c other information and data from a NASDAQ OMX Company.

信息是指一定的由系统收集，核实，处理，及记录的，或其他来源所提供的可由再分销商或纳斯达克OMX传输或接收的，市场数据和其它传播数据，有关于：a 合格的证券或其他金融工具，市场，产品，载体，指标，或设备；b 纳斯达克OMX公司的活动；c 来自纳斯达克OMX公司的其它信息和数据。

The author puts forward material policy advices to enhance the efficiency of stock markets, such as emending relevant security statute, perfecting corporate governance, accelerating interest rate marketization and the multi-operation tendency in the financial industry, constructing multi-layer stock market system and so on.

从修订相关证券法规、完善上市公司治理结构、加速利率市场化和金融混业经营进程、构筑我国多层次股票市场体系等四个方面，对发展和完善我国股票市场、提高股市效率提出了具体的政策建议。

The industry point out that the reason why commercial banks in housing loans to come up with this piece of high quality assets in securities of the pilot, was to build a good connection with the asset markets, currency markets platform.

业界指出，为什么商业银行在住房贷款拿出这块高品质的资产证券的试点，是建立一个良好的与资产市场，货币市场的平台。

Thursday from the Shenzhen A-share market, despite the stock market started in the spot market in China's oil, CITIC Securities, shares of Baoshan Iron and Steel in Shanghai and Shenzhen 300 Index, and other varieties, but unfortunately, the simulation period It refers to the rose or fell, and inversely proportional to the actual disk-shaped spot.

周四从深圳A股市场，尽管股市，开始了在中国石油，中信证券现货市场，对宝钢股份，上海和深圳300指数，以及其他品种，但不幸的是，它的仿真期指上升或下降，并成反比实际磁盘形位。

Repurchase of B share is the key of study and discussion.The author thinkthat securities repurchase has been an convention of international capitalmarket and that B share public enterprises should be allowed to repurchasetheir shares according to the adjustment of their capital requirement in order touphold share price and the image of enterprises.The sixth chapter,thedemerger of A Share and B Share,proposes the demerger of the equity of anenterprise which has issued both B share and A share under special conditions,in the situation that the phenomena of different prices for the same equity isdeteriorating,and the tentative plan to set up one pure B-share publicenterprise and one A-share enterprise.In the end,this chapter demonstratesthe feasibility from the view of law and finance.

而B股回购是目前研究和争论的焦点，笔者认为，证券回购已成为国际资本市场上通行的惯例，应当允许符合条件的B股上市公司根据公司资本结构调整需要，维护股价和公司市场形象等原因进行B股回购；第六章A、B股分立，针对目前A、B股同股不同价现象日益严重，特提出有条件的A、B股上市公司进行股权分立，成立纯粹的A股上市公司和B股上市公司的设想，并从法律、财务等方面进行论证。

The London stock exchange was a closed shop, marked by an antiquated division between brokers who brought the business and jobbers who made markets in shares.

伦敦证券交易市场过去是一个封闭的市场，令人垢病的是其过时的分类：进行交易的股票经纪人和负责做市的股票做市商。

Haitong Securities in addition to the lifting of the ban have made many overseas stock trading, Yan Liuzhou Holdings to build the controlling shareholder of Hainan Huake Industry and Trade Company in November 10 the day of the lifting of the ban through the bulk of transactions and the secondary market for the transfer of shares a total of 1651.83 million shares sold; ST Songliao Second Run shareholders November 14 industrial stocks lifted the number of 2242.56 million shares traded in bulk on the 20th record shows that this part of the shares of all transactions in the bulk market has been transferred.

海通除了解禁证券取得了许多海外股票买卖，晏溜粥控股兴建11月10日的解禁日，海南华科工贸公司控股股东通过大部分的交易和二级市场的股份转让的1651830000出售股份总数；圣股东松辽第二轮工业类股11月14日解除了对大宗交易的20日的记录显示2242560000股数的这一部分所有交易的股票在市场上的大部分已转移。

However, in some stage of the market, margin trading and securities lending market volatility may be.

然而，在某些市场阶段，保证金交易和证券借贷市场波动可能。

Currently, in most developed markets, the power of institutional investors has exceeded more than half of the market; therefore, on institutional investors trading in the market characteristics, including acts such as herding behavior, study the stability of the market is of important significance.

对机构投资者羊群行为的检验，观察其对于市场稳定性的影响，可以作为市场及其机构投资者成熟程度的测度之一。基于以上认识和理解，本文在总结以往羊群行为研究的基础上，运用LSV和CCK模型，实证研究我国证券投资基金是否存在显著的羊群行为。

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。