资本

To maintain or adjust the capital structure, the Group may adjust the dividend payment to

或调整资本结构，本集团可能会向股东派发股息、向股东派回资本

China's capital stock is barely half as big as Japan's in relation to output; capital per person is only 5% of that in Japan.

中国的资本积累只不过是日本的一半；人均资本只有日本的5%。

China's capital stock is barely half as big as Japan's in relation to output; capital per person is only 5% of that in Japan.

中国的资本存量产出规模仅仅是日本的一半，而人均资本则只有日本的5%。

Six years later, Modiglian and M iller (1958) classic "cost of capital, corporate finance and investment theory" of capital structure theory has opened a new chapter in the study.

六年以后，Modiglian 和Miller(1958)的经典之作《资本成本、公司理财与投资理论》揭开了资本结构理论研究的新篇章。

The first two impulsions\' influences to the product market environment and capital structure is one-off, once facing the impulsions, the oligopolies will adjust their product and capital decisions, then the equilibrium of product market will recover. When facing the third impulsion, the oligopolies can reach to a temporary equilibrium by adjusting their strategies, but the leader will have a strong desire to change its strtage and the long-term equilibrium will not be reached until one of the oligopolies retreat from the market.

前两种随机冲击对市场环境和资本结构的影响是一次性的，寡头企业在冲击之后调整产品市场决策和资本结构决策，产品市场可以恢复均衡；第三种冲击之后企业可以通过调整策略获得暂时的均衡，但领导企业有进一步作出非对称策略变化的动力，市场的长期均衡是寡头厂商之一退出市场。

Based on these facts, it defmitude the New-hope company"s strategy orientation: keeping absolute control to Cable company, keeping opposite control to Software company, quiting Cenment company; Cable company indraughts strategy investor, realizing product,market and capital"s fast expansion, finally becoming a leader in cable field; Software company transfers its wroking emphases, and becoming influential local software house dedicating to petroleum geology, Cenment company is sold, and takes back money for relevant uses; through capital operation, by three to five years effort, New-hope company become a industrial-type holding company which dominating in electrical wire and cable yield and simultaneously set foot in information industry.

在此基础上给出了新希望公司的战略定位，即：对各业务单位进行战略调整，保持对电缆公司的绝对控股，对软件公司实行相对控股，退出水泥公司；电缆公司引入战略投资者，实现产品、市场和资本的快速扩张，成为国内同行业领先者之一；软件公司转移经营重点，并通过&创业版&进行社会融资，成为国内有影响力的石油地质软件开发商；退出在水泥公司的股权，转而投向上述相关产业；以资本运营为手段，经过3～5年的快速发展，使公司成为以电线电缆的生产经营为主，同时涉足信息产业的产业型纯粹控股的企业集团。

Thirdly,this article make a further analysis of the impact of the short-term capital inflows on China's economic and financial systems and come to the conclusion that the inflowing of the

在此基础上进一步从这几类影响因素出发，分析了国际短期资本对我国经济金融系统的影响，并得出了短期资本的流入会打破原有经济的稳定，在国家为了恢复经济稳定的过程中，国际和国内目标实现发生了矛盾，而这一矛盾的根源就在于我国经济的外向依赖性的结论。

The thesis analyzes the premises and reality and the future development of capital inflowing media, centering on policy and laws, the way of co-operation, analysis the failure cases, capital choosing media, model of management and future trends.

本论文以此为选题，围绕政策法规、合作方式、失败案例分析、资本选择、经营模式以及未来走势这几个方面，来分析资本进入媒体的背景条件、现实状况和未来发展。

Investing more on the human capital can inforce the increase of GDP per capita.

人力资本弹性最大，加大人力资本投资，可以促进人均GDP提高。

In China under transitional economy and with the development of capital market, the participating group in market is constantly abundant, where the institutional investors, as professional invertors in capital market, also have developed much.

处于转型经济下的中国，伴随着资本市场的不断发展，市场的参与群体也不断丰富，其中机构投资者作为资本市场的专业投资人士同样获得了较大的发展。

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。