资本

The identical equation, one of the basic theories is based on "accountiong assets as the center." However , when it conies to the age of intellectual economy, the intellectual resource bacomes the first in the competition of resources and the intellectual assets the core of the enterprises.

作为基础理论之一的恒等式，过去是建立在以财务资本为中心的观点上，而在知识经济时代，知识资源是企业竞争的首位资源，知识资本将是企业的核心。

And for the firms suffered from financial distress, shareholders still prefer ＂self-lending＂ to other debts, thus tacking ordinary debtees and making them accept reorganization arrangement.

通过债务性资本与替权益性资本的替换，股东总能够获得套利收益，但同时也损害了普通债权人和政府的收益，因而受到法律的限制。

It affects the structure of assets and liabilities of the bank system, also present challenges to the financial market participants and the deciders. Capital moving across borders makes it much easier that local financial crisis turns into a global problem. It is an acid test to the state's financial security of the emerging market.

国际资本流动影响银行体系的资产负债结构和金融市场的结构，给金融市场参与者和决策者带来了挑战，而且资本的跨国流动使得局部金融危机在国际间能够迅速传染，令各国面临的风险显著增加，对各国特别是新兴市场国家的金融安全形成严峻考验。

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。

Based on the concepts and theories of communication in marketing channels,social capital in sociology,and guanxi in the context of Chinese culture,this paper investigates the impact of social capital and guanxi orientation on modes and strategies of interfirm commutation in the dyads of Chinese marketing channels.

基于营销渠道中的沟通行为理论、社会学中社会资本理论以及中国文化环境下的关系概念和理论，通过假设检验，探讨了在中国的营销渠道中社会资本与关系导向对企业之间沟通方式与策略的影响。

Expertised human resources is created through education, and its utilization makes industrial structure reasonable horizontally and advanced vertically.

教育生产专业化人力资本、专业化人力资本的投入和使用促进了产业结构向横向合理化和纵向高度化演进。

Approachingthe idea of nature in capitalist production from the field ofsemiotics, Martin O'Connor (1993) suggests that capital's response toecological crisis has been to represent formerly noncapitalistrealms---the biophysical world, non-industrialized economies, and thehousehold---as reservoirs and stocks of "capital" and therefore nolonger external to capitalism.

原译：Martin O'Connor(1993)，在符号学的领域里，分析了资本主义生产中的自然观点，指出：资本对生产危机的反应，已经将以前的非资本主义的领域--生态物理世界、非工业化的经济和家庭--体现为&资本&的储备和存量，因此，也就不再外在于资本主义了。

The tax revenue drive policy is remarkable to the folk human capital investment influence effect, in stimulated in the folk human capital investment to play the role which could not be substituted, therefore, established an entire set of perfect tax revenue drive policy.

税收激励政策对民间人力资本投资的影响效果显著，在刺激民间人力资本投资上起到了不可替代的作用，因此，我国要建立起一整套完善的税收激励政策。

Some futurists claim that human capital is a company's greatest asset.

一些未来学家声称公司的人力资本是其最大的资一些未来学家声称公司的人力资本是其最大的资产。

In our country, the development of capital market just has a short period of time, and its construction emphasis is mostly in Senzhen and Shanghai securities businesses. With the development of socialist market economy, the present gingle market system reveals its limitation increasingly; it must be imperative under the situation to construct capital market system of different arrangement including the second-board market.

我国资本市场发展时间较短，建设的重点主要放在深沪两市场上，随着社会主义市场经济的发展，现有的较为单一的市场体系越来越显出局限性，建设包括二板市场在内的各层次的资本市场体系已势在必行。

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。