资产

Furthermore, we can deal with the dependence of multivariate assets and marginal distribution of univariate asset respectively as are to the testing of parameters estimation.

并且可将多资产相依结构和单个资产边际分布分开来处理利，对二者进行分别进行参数估计检验。

If Lehman managed to sell $50 billion of assets and took $8 billion of losses on the transaction, it would amount to a 16% markdown.

如果雷曼兄弟成功出售500亿美元问题资产，那么在交易中损失80亿美元相当于资产减值16%。

For him, a bubble is a phenomenon of mass psychology, and refers to the last stage of an investment mania, when assets are bought "not because of the rate of return on the investment but in anticipation that the asset or security can be sold to someone else at an even higher price".

在他看来，泡沫是一种大众心理现象，指的是投资癫狂的最后阶段，此时，人们购买资产"不是因为可以得到投资回报率，而是期望能以更高的价格将资产或证券卖给别人"。

During the transformation, there are two main forces: modern investment theory and IT. Modern investment theory led investors to accept the idea of risk management. Besides, it brought the instruments measuring risks and pricing risk assets, which promoted market participant to understand derivatives very well. IT provided powerful technical support for massy calculations which is necessary for risk measurement and pricing and for instant reaction capacity to market opportunities.

在这一转化过程中，现代投资理论和信息技术是两大主要推动因素，现代投资理论不仅使风险管理的理念深入人心，还具体提供了风险度量和风险资产定价的工具，增强了市场参与者对衍生金融工具的认知能力，信息技术则为风险度量和风险资产定价所需的深度计算，以及对市场机会的迅速反应能力提供了强大的技术支持。

Competent commercial departments at all localities shall actively coordinate pertinent local departments for support small and medium circulation enterprises to promulgate tax and financial support policies related to pioneering work encouragement and supports given to small and medium circulation enterprises for business innovation, technical innovation and market exploration, reduce costs for the restructuring and reform of small and medium circulation enterprises, encourage the financing by means of income from operation of state-owned enterprises' assets, liquidity of commercial land, reduction of state-owned capital in circulation enterprises, transfer and financial allocation, in places where conditions permit, set up special funds for the reform of state-owned small and medium circulation enterprises which shall be used to pay the restructuring fee which is payable by and fails to be paid by restructured enterprises lacking strength to do so, and to pay the social insurance and economic compensation, the payment of which the cash after liquidity of assets of enterprises in bankruptcy is not sufficient to cover, actively coordinate with the local department for real estate administration for its support, solve problems on the ownership of commercial real estate which has been used for long by state-owned small and medium circulation enterprises, and earnestly implement the preferential policies of the State concerning the reemployment of laid-off workers by enterprises and concerning the establishment of small and medium enterprises by laid-off workers from state-owned enterprises.

各地商务主管部门要积极协调当地有关部门出台鼓励创业、支持中小流通企业经营创新、技术创新和开拓市场的税收政策和金融支持政策，降低中小流通企业的改革、改制成本。鼓励有条件的地方通过国有企业资产经营收益、商业用地变现、流通企业国有资本减持、转让以及财政拨付等方式筹措资金，建立国有中小流通企业改革的专项资金，用于无力支付改制费用企业的改制费用以及破产企业资产变现后不足支付职工社会保险、经济补偿等方面费用。要积极协调，争取地方房产管理部门的支持，解决国有中小流通企业长期使用的商业用房产权归属问题。要认真落实国家关于企业吸纳下岗职工就业和国有企业下岗职工创办中小企业的优惠政策。

Such as Markowitz"s modern assets portfolio theory, Sharp, Minter and Mossin"s Capital Assets Price Model; Ross"s Arbitrage Pricing Theory; Black-Scholes"s the option of fixes the price classical capital market theories. They are all based on EMH.

例如马克维兹现代资产组合理论，Sharp、Minter、Mossin的资本资产定价模型，罗斯的套利定价理论，Black-Scholes的期权定价公式等经典资本市场理论，都是以有效市场假设为前提的或者与之有密切的联系。

The controlling shareholders shall not misappropriate or control such assets or interfere with the listed company's management of such assets.

控股股东不得占用、支配该资产或干预上市公司对该资产的经营管理。

Since the ancient meanings of monumentality that presents imperial power and triumph of kings. The meaning of monumentality has changed dramatically after series of war, republican of the Third Reich, and the revolution during twentieth century.

对於「纪念性」意义的探讨，无论在有形与无形文化资产的保存维护范畴中，是一个属於最根本的问题，具有「纪念性」意义的集体性文化资产，能够将之视为实体的证据，来为某个时期、文化、民族，甚至某个社群所拥有的历史进行阐述。

Traditional portfolio theory based on multivariate normal distribution assumes that investors can benefit from diversification by investing in assets with lower correlations in order to avoid risk.

基于多元正态分布的投资组合理论认为，投资者可以通过投资于低相关性的不同资产规避风险，资产间的相关性可以通过线性相关系数来度量。

According to our examination, as to November 22, 1999, NJGC had received from shareholders subscribed capital Say HK Dollar Fifty Eight Hundred and Ninety Thousand Four Hundred and Seven Only (HKD5,890,407), equivalent to Renminbi Say Sixty Three Hundred and Two Thousand Nine Hundred and Fifteen Point Four Nine Only (RMB6,302,915.49), wherein paid-in capital is RMB6,302,915.49 yuan, and total assets equal to above contributed capital is RMB6,302,915.49 yuan, all in the form of tangible assets.

根据我们的审验，截至1999年11月22日止，XXXX时装有限公司已收到其股东投入的资本伍佰捌拾玖万零肆佰零柒港元（HKD5，890，407），折合人民币陆佰叁拾万零贰仟玖佰壹拾伍元肆角玖分（RMB6，302，915.49）元。其中：实收资本RMB6，302，915.49 元，与上述投入资本相关的资产总额为人民币RMB6，302，915.49元，全部为实物资产。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。