资本

It has often been found that profuse expenditure, heavy taxation, absurd commercial restriction, corrupt tribunals, disastrous wars, seditions, persecutions, conflagrations, inundations, have not been able to destroy capital so fast as the exertions of private citizens have been able to create it.

我们时常也清楚，奢侈的开销，沉重的赋税，滥用的商业限制，腐败的法庭，灾难性的战争，暴乱，迫害，火灾，洪水等等对于资本的摧毁速度也赶不上公民个人努力所能创造资本的速度。

In Chapter 2, basing on the overview of the available literature, I sift the extant explanatory theories and empirical evidences for bank to securitize, and divide the motivations of asset securitization into seven reasons: increasing liquidity, regulatory capital arbitrage, saving funding cost, bank risk management, improving management efficiency, resolving information asymmetries, optimizing capital structure.

在第2章中，基于相关文献的综述，本文对资产证券化已有的解释理论和经验结果进行全面梳理，将银行资产证券化的直接动因归纳整理成七种：增加流动性动因、监管资本套利动因、降低融资成本动因、银行风险管理动因、改善管理效率动因、解决信息不对称动因和优化资本结构动因。

The difference is that, in the initial stage of innovations of pension system, draconian quantity regulation were put on the investments of pension funds; but with the deepening of pension system, the investment regulation to pension funds rums gradually to more relaxed prudent man rules, in order to direct investment management process, not to control their outcome.

而我国的现状是养老金系统的改革才刚刚起步，社保基金和企业年金尝试性地进入资本市场才只有不到2年的时间，我国证券市场的历史才只有不到15年的时间。而养老基金进入资本市场是实现保值增值必须的途径。

Justin Haik, a managing director in Morgan Stanley's global capital markets group in Asia, says:"Confidence has returned to the capital markets, which have repriced in recent weeks."

摩根士丹利全球资本市场团队亚洲区董事总经理朱斯坦·艾克表示：&资本市场的信心已经恢复。近几周来，市场已重新定价。&

This has raised the champagne houses' return on capital to well above the norm in the wine world: Laurent Perrier's return on capital was 13% last year, for example.

这使得香槟酒庄的资本收益率远远高于世界上其他酒：比如：罗兰-佩里耶酒庄的资本收益率去年高达13%。成功地限制香槟酒命名使用。

The rebirth of cultural capital is institutionalized as the form of education qualification, so the higher education plays a huge role in the process of rebirthing the cultural capital.

文化资本的再生是以教育资格的形式而被制度化的，因此高等教育在文化资本再生的过程中起着巨大的促进作用。

In the part of positive study, firstly, on the basis of the estimates of agricultural produce sales and other key statistics, according to the calculating system of inter-sector capital flow by Fei and Ranis(1964), we calculate in two periods the capital flow of assets between agricultural and non-agricultural sectors.

在实证研究部分，首先在对农产品销售额等关键数据估算的基础上，根据费景汉和拉尼斯（1964）提出的部门间资本流动的核算体系，分两个阶段测算了中国农业和非农部门间实物形态的资本流动。

A comprehensive analysis is conducted on the external factors and internal factors leading to the flow of human capital based on the theories concerning dual economy established by Lewis and Ranis et al., and suggestions on promoting reasonable flow of human capital are put forward.

此外，本章还提出了促进人力资本合理化流动的建议。第七章主要阐述县域人力资本与县域经济可持续发展的关系。

In the end, the paper prokes some shortcomings, such as system problems, capital market structure problems, the shortcomings of listed companies and so on. After that, some suggestions are put forward.

最后，剖析了我国资本市场低效率的症结：制度性缺陷、资本市场结构缺陷和上市公司自身的缺陷，并提出相应的对策建议。

Then reasonable flowing human is helpful to carry out the value of human capital. To all participants, he objet is advantageous.

从而认识到人力的合理流动有助于人力资本的价值实现，对社会、企业和人力资本本身都是有利的。

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。