资本债券

This paper studies Pingan"scase from two aspects of the investment channels and yield levels. Through thecontrast of Pingan"s return rate with the average rate of insurance industry, this paperproves that the high return rate relates to the operation in capital market.

随着保险资金运用渠道及比例的不断放开，保险资金运用于资本市场可选择的投资工具包括股票、债券与基金，资金运用方式包括直接入市和间接入市，两者在保险资金运用的&安全性&、&收益性&与&流动性&方面呈现出不同的特点。

Last year, it wrested control of the $200 billion China Investment Corporation, which had been bankrolled by the central bank.

最有可能的是，财政部简单的将其它政府机关的债券转移给中央银行，以增加其资本。

John Raymond of CreditSights, a research firm, says investors used to like buying debt lower down banks' capital structure because they thought its higher yield overcompensated for a marginal increase in risk.

信用之光研究公司的约翰？雷蒙说，投资者以前喜欢购买会拉低银行资本结构的债券，因为他们认为债务所带来的高收益边际上能够补偿风险的增加。

And capital together with the decline in prices, as well as bond yields.

和资本的价格下降在一起，以及债券收益率。

The bank can pass some management activities to raise the capital ample rate, strengthening stateowned commercial bank anti- risk an ability, appearing on market a money raising, publishing long-term time class financial bond and increasing to lift common reserve for example.

银行可以通过一些经营活动来提高资本充足率，增强国有商业银行抗风险能力，比如上市筹资、发行长期次级金融债券、增提普通准备金。

Financing at different stages of financial institutions must ensure the safety of their investments to recover, it is necessary to keep the lower reaches of the refinancing; developers to ensure that the project development, construction and pre-sales of capital adequacy, it must maintain its credibility, then is necessary to guarantee the high quality of the project itself; the public real estate funds and bonds to buy, they must ensure that their investment is not devalued, it will strengthen the developer community supervision, and select the item truly trustworthy, finally, to left behind are the essence of the benefit the consumer; At the same time, real estate financing, construction, sales of the various sectors of society as a whole will also be placed under the line of sight, an increase of transparency and credibility.

在不同阶段融资的金融机构必须确保安全的投资收回，有必要保持下游的再融资；开发，以确保该项目的开发，建设和预售的资本充足率，它必须保持其信誉，则是必要的，以保证高质量的项目本身；公共房地产基金和债券的购买，但他们必须确保他们的投资不贬值，这将加强发展社区监督，并选择了这个项目真正值得信赖的，最后，留下的是精华，造福消费者；与此同时，房地产融资，建设，销售的各个部门的社会作为一个整体也将置于视线，增加了透明度和信誉。

Bondholders want a greater cushion beneath them in the capital structure to protect them against losses.

债券持有者希望资本结构有更多的缓冲资金，以防范损失。

By switching senior debt to quasi capital, its capital cushion will rise to 5.2bn.

通过将优先债券转化为准资本，保诚的资本金将增加到52亿英镑。

In their scheme, when a bank's CDS price stays above a certain threshold, the regulator forces managers to inject enough equity capital to cushion bondholders against losses.

在他们的方案中，当一个银行的CDS价格高于某一阈值，监管者将迫使管理者注入足够多的自有资本以缓解债券持有人的损失。

During the evolution of prosperity, there are three typical payment modes: Cash payment, once the earliest, soon was replaced by stock and debenture payment with the development of capital market. Because of the action of the bank and other financial agencies, deferred purchase and lever purchase have taken place of others above quickly.

在西方产权重组发展历史上，现金支付曾经是企业并购的一种最为普遍的支付方式，随着资本市场的日益发展，股票支付和债券支付对西方企业并购发展起了积极作用，之后鉴于银行和各种金融机构在企业收购中的影响愈来愈大，又出现了递延收购和杠杆收购等新的企业并购支付方式。

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。