资本债券

"A whole new asset class of government-guaranteed bank debt was created this year and it became worth $1,000bn," says Mark Bamford, head of global debt syndicate at Barclays Capital."One issue in the coming months will be where these investors will put their money instead as this type of issuance will decrease as government programmes expire."

"政府担保银行债券这一全新的资产类别今年被创造了出来，其规模达到了1万亿美元"巴克莱资本全球债务银团业务主管马克班福德表示，"未来几个月的问题之一是，随着政府计划到期，此类债券的发行量将下降，这些投资者将把资金转投何处。"

So we need to issue bond style and equity style's financial products and perfect relate market.

与西方发达国家相比，我国可转换债券市场尚处于起步阶段，而且，我国的资本市场一直存在着股权融资比例过高、投资品种匮乏、金融创新困难等问题，需要尽快地推出债券类和权证类的金融产品并完善相关交易市场。

The development of enterprise bonds is benefit to the disperser of capital market non- system risk, provides the foundation product for the financial innovation, enhance the capital market's efficiency.

企业债券市场是成熟资本市场中不可或缺的重要组成部分。从发达国家的情况看，企业债券不仅是一种筹资与融资的重要手段，同时也是最具创新能力的金融工具。

Bond investment is a very professional investment environment in a rate cut, your investment income, capital gains will be far more than traditional bond interest income.

债券投资是在一个降息非常专业的投资环境，你的投资收入，资本收益将远远超过传统的债券利息收入。

In the capital market of our country, bond market, especially the proportion of development of the bond market of the enterprise and stock market is very incongruity, It has been a" short leg" of the securities market of our country all the time.

在我国的资本市场中，债券市场，特别是企业债券市场与股票市场的发展比例很不协调，一直是我国证券市场的一条"短腿"。

Capital market The market for buying and selling long-term loanable funds, in the form of bonds, mortgages and the like.

资本市场买卖长期可贷款资金的市场。长期可贷款资金的形式包括债券、抵押债券和类似的票证。

Issue or permit any of its Restricted Subsidiaries to issue shares, or any options, warrants or securities convertible into shares, except to the Borrower or another Restricted Subsidiary, provided in each case, the shares, option, warrants or securities have been pledged to the Lender pursuant to the Security Documents.

股份资本，除向借方或另一个限定子公司发行外，不得发行、或允许任何限定子公司发行股份、或任何期权、股权认购证或可转换债券，除非根据担保协议已将这些股份、期权、股权认购证或可转换债券质押给贷方。

Combining with capital structure theory such as MM theorem, we apply fuzzy option based VaR measure to arrangement for corporate capital structure.

在隶属度为1的情况下，北京市市政债券适度发债规模约为110亿元，隶属度为0.7时，为寻求绝对安全，发债规模以不超过100亿元为宜。该结果具有弹性，利于决策高层决策。 7。在非统一理性的基本框架下，将模糊期权应用于VAR方法，建立了基于模糊期权的VaR测度，并以该测度为工具，结合现代资本结构理论如MM定理，运用于公司资本的确定以及资本结构安排。

It can be seen that China's capital market has undergone a great change. Besides China's stock market and bond market, there are many kinds of venture in－vestment funds and direct investments from abroad.

可以看到，中国的资本市场发生的变化是很大的，除了中国的股票市场、债券市场外，来自外国的风险投资基金、外国直接投资等资本的种类还是很多的，中国资本市场的范围在不断拓宽。

Seen as a whole, Chinese debenture market is developing on a small scale and intermittently at present. Viewed from the capital structure, Chinese corporations rely heavily on stock financing rather than credit financing. The issuing scale and rhythm of debenture can?t respond adjustably to the fluctuation of macroeconomic indicators.

目前我国企业债券市场，从总体上看，发展不连续、规模过小；从资本结构上看，企业融资过度依赖于股权融资，而忽略了债权融资；企业债券发行规模与节奏尚不能对宏观经济指标的变动做出适应性反应。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。