资金分配

In this, there is a lot of demand for allocation of funds.

在这方面，有一个对资金分配的需求十分大。

The lack of control over the distribution of funds can be a disincentive for serious resource commitments from major donors.

对资金分配缺乏控制，会降低主要捐助者对资源做出严肃承诺的积极性。

The results obtained in the frictionless market are applied to study the effects of incomplete information to portfolios.

信息不仅影响投资者在无风险资产和风险资产之间的资金分配比例，而且影响风险资产组合。

Golden Eagle Golden Eagle Fund recently issued a dividend worth more flexible allocation of funds have areas of concern.

金鹰金鹰基金最近增发更灵活的资金分配股利的关注的地方。

Policy recommendations: 1 Improve relevant policies, laws and regulations, including: the responsibility of governments at all levels, funds raise and management, program for Coordinating, the responsibility of public hospital. 2 Establish sustained and stable funding and management mechanism, emphasis fund-raising responsibilities of government at all levels, strengthen government and social organizations, set up special accounts of MAP, study the scientific and reasonable mechanism for distribution of funds. 3 Optimize Program for Coordinating MAP and NCMS, including: Free out-patient services, abolition of pay lines of out-patient and hospitalization, out-patient help including village health clinic and chronic disease; hospital help by disease, sub-object and pro-rata; increase sorts of serious disease, set reasonable pay line, cap line, and proportion in MAP; regular or occasional payment of a fixed payment or MAP cards, improve MAP coverage and benefit rates.4 Establish a new type of management for Coordinating MAP and NCMS.

政策建议：1完善相关政策法规，包括：各级政府的责任、医疗救助资金的筹集和管理、医疗救助与新农合衔接方案、管理与服务制度、公立医疗机构在医疗救助领域的职责等。2建立持续稳定的资金筹集和管理机制，强调各级政府在医疗救助资金的筹资责任，加强政府与社会组织的合作，建立医疗救助基金，研究科学合理的资金分配和管理机制。3优化新农合与医疗救助衔接方案，包括：开展免费门诊服务项目，取消门诊和住院起付线，将村卫生室纳入门诊报销范围，增加慢性病的门诊救助；按病种、分对象、按比例地给予住院救助，增加大病救助的病种，合理设定住院救助的起付线、封顶线、救助比例；定期或不定期发放定额的救助金，发放医疗救助优惠卡，提高医疗救助的覆盖面和受益率等。4建立新型的医疗救助与新农合衔接管理模式。

By the analyzing and appraising of information in the stock market, and applying their professional knowledge, the security analyst can make the pricing in capital market more rational.

从发行证券的企业来说，资金的流向将朝向资本生产率较高的企业，这无疑有利于资本市场的资金分配，也同时有利于国民储蓄的有效利用。

It should also be noted that the largest subcategory of administrative expenses is retailer compensation.

总体上CSL彩票资金分配为玩家奖金54%、教育资金34%、运营成本12%。

In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.

此外，对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较，为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施，本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施，并且在价格区间的制定中引入发行底价，考察了价格区间与分配量之间的关系，得到最优的价格区间和分配策略，从中体现自主分配权的优点；在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端，与已有文献不同的是，在模型中引入了累计投标询价机制，研究了承销商在混同均衡操纵中采取的分配策略，并对操纵存在的条件进行分析讨论，得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中，充分考虑了我国实际应用的背景，加入了与固定价格发售混合的条件，并将询价与固定价格混合发行分为序贯与同步两种方式，指出机构投资者在两种情况下申购策略的侧重点各有不同，通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真，考察了机构投资者申购策略对无自主分配权下的询价发行的影响，填补了相关研究文献的空白；在包含超额配售选择权的询价发行中，将发行定价策略分为热销策略和弱销策略，在考虑了我国含超额配售选择权的发行流程下，通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取，进而会对新股发行价格、发售数量产生怎样的影响，对目前相关研究的缺乏做出了有益的补充。

Features of the incompatibility include the co-existence of offside, defect side and short side of financial expenditure, imbalanced structure of expenditure, over-growth of the population fed by finance, unscientific mode of expenditure distribution, decentralization and poor application of financial funds, unstandardized management practice of financial expenditure and weak financial supervision.

这种现象的产生，一个很重要的原因是由于传统的财政支出管理体系和运作机制在财政资金分配管理上与市场经济体制的要求不相适应，主要体现在：财政支出越位、缺位、短位并存，支出结构不合理，财政供养人数增长失控，支出分配缺乏科学性，财政资金分散，财政资金使用效益差，财政支出管理运作不规范，财政监督乏力等。

The states have almost complete jurisdiction over how the stimulus money is spent; Congress is not even earmarking funds for particular purposes.

各州已经制定好了资金分配计划，国会甚至都没有设立专项资金。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。