资产

Where the report structure is changed due to enterprise recombination or for any other reason, which thus has affected the structure of one or several asset group or combination of asset groups to which the business reputation has already been apportioned, the business reputation shall be reapportioned to the affected asset group or combinations of the asset group, with the apportion method similar to that as provided for in the preceding paragraph of this Article.

企业因重组等原因改变了其报告结构，从而影响到已分摊商誉的一个或者若干个资产组或者资产组组合构成的，应当按照与本条前款规定相似的分摊方法，将商誉重新分摊至受影响的资产组或者资产组组合。

All those problems must be solved under the administrative power and the market mechanism and by recomposing the assets of the state-owned enterprises.

国有企业资产重组，是指对国有企业资产进行调整、组合，以实现国有资产的优化配置。第二节阐述了企业资产重组的目标与原则。

The product innovation strategy the company should be based on, the providing of professional designs and the needed services in assets management according to the different requirements of customers; in the aspect of the strategy of organizational innovation, it claims the establishment of the asset management subsidiaries which bear limited liability and civil liabilities stipulated by the civil law, the winkling of the existing asset management business; the consummating of its risk control mechanisms and the establishing of its competitive advantage.

再接着，对新时代证券有限责任公司资产管理业务的发展进行研究，公司应该立足于产品创新战略，根据客户的不同需求而提供专业化设计，为其提供资产管理所需要的各项服务；在组织创新战略方面设立具有独立承担有限责任，依法承担民事责任的资产管理子公司，将现有的资产管理业务分离出去；完善风险控制机制；确立自己的竞争优势。

We think that recognition criteria of impaired assets are combination of two-dimensional plane of the probable recognition criterion and the economic recognition criterion, while the permanent recognition criterion is a special case in which its probability is near 100 percent.

资产减值会计极大地增强了相关性，其最大的缺陷是有所削弱可靠性，但这种所失是以提高相关性为前提的，资产减值会计必须在二者之间作出抉择；资产减值会计是在现有条件和环境下对历史成本模式的改良，是现值会计模式一定条件下的提前运用；它突破了收益确定中的实现原则；是稳健原则在资产领域重要而具体的、系统的运用。

And to the problems of special distribution of underlying assets, this paper analyzes the price movement of the underlying assets from the arrival of information, the market efficiency and the market mechanism which decide the price. It also studies the problem of real option pricing when the underlying assets follow the pure jump Poisson, mixed jump-diffusion Merton and mean-reversion model, and obtains the price formula or partial differential equation to price and hedge the real option.

对实物资产的特殊价值分布问题，本文从决定资产价格的市场机制、信息到达方式及市场效率三方面来分析实物资产的价格变动特征；并重点研究当基本资产遵循纯跳跃Poisson过程、跳跃扩散Merton过程及均值回复过程时的实物期权定价问题，运用复制定价和随机动态规划方法，得到确定实物期权价值和风险对冲策略的偏微分方程。

Firstly, it discusses the results by many kinds of capital reform modes. For example, desquamation schism stands out the main businesses of enterprises, merger purchase realizes polygonization manage, stock transfer changes the unreasonable structure of stock ownership in enterprises, capital displace immits fine capital to quoted company.

本文首先从不同的资产重组方式入手，讨论了各种重组方式对企业价值产生影响的结果——剥离分立突出了企业的主营业务、兼并收购使企业快速实现多角化经营、股权转让改变了公司不合理的股权结构、资产置换向上市公司注入了优良资产，总之不同的资产重组方式的合理使用，对提高企业价值都会产生积极的作用。

Where the share or other security is a basket comprised of various securities, indices, currencies, commodities, interest rates or other assets, instruments or prices, basis fluctuations in the value of any one component item in such basket may be offset or intensified by fluctuations in the value of the other component items which comprise the relevant basket.

股份或其他证券属一篮子的股份或其他证券，由多种证券，指，货币，商品，息或其他资产，工具或价格组成，则该篮子中任何一成份资产之价值波动或可与同一篮子其他成份资产之价值波动互相抵销，但亦可能会因该等其他成份资产之价值波动而本身之波动加剧。

Firstly, this paper, by the mummers, put forwards the reason of the false valuation of intangible assets from five aspects: the way of valuation, the organization of valuation, the client of valuation, the guild of valuation and government. Secondly, put forwards the opinion from avoiding the administration of government, more developing the organization of valuation, strengthening the research of theory and criteria, reforming the charge system, and making the report of valuation in strictness and norm. It can effectively prevent and avoid the false valuation of intangible assets, and accelerate exuberance and continuance development of the valuation of intangible assets.

本文针对目前无形资产评估存在的失真现象，首先从评估方法、评估机构、评估客户、评估行业和政府等五个方面系统和深入地分析无形资产评估失真产生的原因，接着从避免政府行政干涉、进一步发挥评估行业协会作用、加强评估理论和标准的研究、改革现有收费制度和严格按规范制作评估报告书等方面有针对性地提出失真解决办法的建议，为有效预防和避免无形资产评估的失真，促进我国无形资产评估健康持续发展，有着非常重要的现实作用。

Summing up the results of theoretical models and empirical analyses in the thesis, the thesis shows that the increasing liquidity is the primary motivations which drives banks to securitize, and the liquidity enhancement and efficiency improvement are the effects of bank asset securitization. And the gains to securitize bank's assets are from the optimization of bank's capital structure.

概括本文研究得出的理论模型结果和经验分析结果，本文的结论是：银行进行资产证券化的主要动因在于增加流动性；资产证券化为银行带来的效果是流动性提高和效率改善；资产证券化的收益来源于银行利用资产证券化所进行的资本结构优化。

They could suffer catastrophic losses if the treasuries are repriced. The 10-year treasury is yielding 4 per cent, against 4.1 per cent inflation in the US last year, and probably higher this year. The market still doesn't believe the current inflation rate will stick. When it wakes up to the inflation reality, the 10-year treasury may yield over 6 per cent and its nominal value could decline by 40 per cent.

一旦外汇资产价格波动，那将会给这三个国家带来不可估量的损失。10年之间，持有的外汇资产可能会带来4％的收益，但这相对于美国4.1%或者更高的通货膨胀率来说，实在是不太划算，并且从市场运行状况来看，通货膨胀继续恶化的趋势似乎没有听下来的迹象，当真正面对实际通货膨胀率时，10期间的外汇资产带来的收益也就是6％左右，但通货膨胀引发外汇资产的贬值额度却达40％之多。

They go to town. Would you just ask them?

他们在城里你能问他们吗？

Ossein pretreated for a2 weeks period exhibited the maximum% yield incase of bone gelatin, while the yield from intact skin was higher than that realized incase of de-scaled skin.

预处理时间达2星期的骨胶原表现出最高的骨明胶百分产量，然而从未处理鱼皮中得到的产率比去鳞的鱼皮得到的要高。