资本

In order to solve the problem of how the human capital impels basically ,.

本文从论述人力资本及其出资的概念入手，在论述人力资本出资的必要性和可行洼基础上，深入探讨了我国建立人力资本出资制度应解决的基本问题。

The main conclusions are: [1] Rapid development of corporations engenders urgent demand of financing, conflict between capital market imperfection and demand of financing leads corporations to control listed corporations by purchasing "shell" and enhance it"s financing capability; [2] Two kinds of pricing institution of stock provides stirpses for controlling listed corporations by low cost, monitoring institution imperfections provides corporations for operating listed corporations. Adjust of national assets provides more "shells; [3] More private corporations purchase listed corporations, some of them form stirpses; [4] Stirpses have positive influence about adjusting industry and enhancing capital market financing function; [5] Stirpses magnify financial risk by controlling listed corporations, and transform listed corporations from shareholders benefit to block shareholder benefit, having tendency of infracting shareholders benefit.

本文主要的结论：[1]中国企业的迅速发展对融资有迫切的要求，中国国内资本市场发展不完善与这种强烈的融资需求的冲突导致了企业寻求通过买&壳&的方式控制上市公司，以此来提高自身的融资能力；[2]中国上市公司股票的两种定价机制为&系&低成本控制上市公司提供了可能，监管机制的不完善为&系&提供了操纵上市公司的空间，国有资产在调整过程中从部分竞争行业退出，为资本市场提供了一定数量的&壳&资源；[3]民营企业纷纷买&壳&上市，在这个过程中，部分实力突出的企业形成了&系&；[4]&系&现象对进行行业整合、提高资本市场融资能力等方面起到了积极的作用；[5]&系&通过对上市公司进行的操纵放大了金融风险，将上市公司的股东利益最大化变为大股东利益最大化，存在着侵害小股东利益的潜在倾向。

We analyses the requisites for the crime, including the offence of misstating registered capital and the offence of misstating investment. Chapter V researches the defect and perfection of the criminal law when it secures the corporation governance institution by compares the antique company law.

第四章研究了在新旧《公司法》背景下刑法对公司资本制度保护的缺陷和完善，重点分析了虚报注册资本罪和虚假出资、抽逃注册资本罪的构成要件，对因公司法的修改而发生变化的犯罪构成要件部分，我们本着罪行法定原则，根据刑法分则的解释原理，对有关刑法条文进行了解释。

The state encourages foreign-invested enterprises, for those that newly added registered capital from subjoined investment has reached or has outreached 60,000,000 US Dollars, or newly added registered capital has reached to or outreached 15,000,000 US Dollars which has exceeded 50% than the original registered capital, the income gained from newly added registered capital may be calculated independently and enjoy the preferential business income tax policy of 2-year tax exemption and 3-year half-collection regularly.

国家鼓励类外商投资企业，追加投资形成的新增注册资本达到或超过6000万美元，或者新增注册资本额达到或超过1500万美元，且超过企业原注册资本的50%的，其新增注册资本所取得的所得，可单独计算，定期享受两年免征、三年减半征收的企业所得税优惠。

The cure for excessive investment is the exit of capital from what my former colleague Steve Galbraith calls the 'capital pigs'- overcapitalized industries - and the redeployment of that capital into new products and new industries that can use it productively.

投资过剩的解决之道就在于，资本退出那些资本过剩的行业，流向那些可以有效运用资本的新产品和新产业。

Due to the above problems in ascertaining capitalization rates, it can be assumed that capitalization rate is one of the main factors in causing risks in REA. Thus, the ascertaining of capitalization determines the accuracy of profitable housing properties appraisal. On the other hand, it indirectly influences the rationality of the re-composition of capitals and the structural modulation. Furthermore, it influences the legitimate rights of the privies involved in real estate dealings; it influences the standardization of real estate markets; it influences the risks involved in real estate financing; it also influences real estate taxation.

因此资本化率的确定直接影响收益型房地产估价的准确性，间接影响资产重组和结构调整的合理性，影响房地产交易各方当事人的合法权益，影响房地产市场的规范性，影响房地产融资风险、房地产税的征管工作等各方面；而且目前，对资本化率的确定方法并不统一，有着多种做法，有时这些做法的估价结果相差极大，因此，对资本化率进行深入研究是非常有必要的。

The stock option rights is a scientific mechanism prizing the property rights of entrepreneurs' human capital by the capital market, is a effective style about realizing the property rights of entrepreneurs' human capital.

股票期权是通过资本市场对企业家人力资本产权进行定价的科学机制，是企业家人力资本产权的有效实现形式。

This article starts from the roles of human capital in economic development, then analyses the conditions of human capitals in western China, finally putts forward the means of human capital accumulation by...

本文从人力资本的基本内涵出发，分析了西部地区人力资本的状况，提出了加强教育、促进人才流动等人力资本积累手段

A country could avoid locking its exchange rate by reinstituting capital controls of the kind that prevailed for the first two decades of Bretton Woods, which allowed the pegs of that system to be truly adjustable, but the costs of such controls seem a high price to pay.

雷顿森林会议使得盯住汇率制真正可以调节，国家可以通过重构某种资本控制来避免锁定汇率，这种资本控制在布雷顿森林体系建立后的头二十年里很盛行，但这种资本控制的代价似乎非常高昂。

First, the source of venture capital is single; second, the scale of venture capital is too small; third, institutions and enterprises of venture capital are not perfect; fourth, there is no benefit-balance mechanism between the institution and enterprises; fifth, the channels of seceding for venture capital are not kind.

通过研究，发现我国风险投资运行中主要存在以下问题：风险资本规模太小，来源单一，风险投资机构不成熟，风险企业不完善，在风险资本提供者、风险投资机构和风险企业之间还没有形成合理的利益平衡机制，风险资本退出渠道不畅。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。