金融上

And thus I provide the evidence to undermine the commonly held opinion that China's public companies improved their performance by increasing financial leverage ratio. Seventhly, the international comparison reveals that the development of capital market has direct influence on the industry performance and the capital markets of developed countries are more effective than those of developing ones. Whether the finance system is bank-dominated or capital-market-dominated means little to the effectiveness of capital market and also the industry productivity. Eighthly, capital market, bank and FDI differ markedly in the mechanism of financing selection, supervisory effectiveness and industry characteristics. Averagely, capital market is the most appropriate mechanism among the three out-sourcing financing, considering the supervisory cost and effectiveness comprehensively. Certainly, some flaws remain in this study.

因此，我们认为，中国各产业上市公司产业绩效的提高不是通过提高财务杠杆比例来实现的；第七，基于资本市场自身的国际比较研究表明，资本市场发展程度直接影响其对产业绩效的改善和促进程度，成熟市场的资本配置效率显著高于新兴市场，而金融体系以银行为主导还是以资本市场为主导，并不影响资本市场功能的有效发挥，也不对产业绩效的影响产生效率上的差异，仅仅表现为在多大规模或范围内对产业绩效产生影响；第八，基于资本市场、银行贷款及外商投资3种外源融资方式对产业绩效影响的比较研究，三种方式在融资选择机制、监督力以及所影响的产业特征方面均存在显著差异，三者对不同产业绩效的影响呈现互补作用，而资本市场是监督成本与效力结合较好的融资方式。

The most prominent problem of SME in the development is lacking of funds and poor financing. As SME's elative weak position in the competition, all the countries especially in the developed countries support SME in terms of policy, the most important of these measures is the establishment and improvement of SME credit guarantee system for small and medium-sized Banks and other financial institutions to set up a "bridge."

由于中小企业在竞争中处于相对弱势地位，各国尤其是市场经济发达的国家均对中小企业在政策上给予一定扶持，这其中最重要的措施就是建立和完善中小企业信用担保制度，为中小企业和银行等金融机构架起&桥梁&。

In this article, we have a study on the new financial entitative, it...

研究的对象主要是信合保险这种新的金融实体，通过开展信合保险，不仅可以有效降低农村信用社的贷款风险，在一定程度上解决农户贷款难的问题，而且对改善农户生活水平也能起到一定的作用。

After a study on Chinese financial practice, we find that though Chinese banking system has high cost and low efficiency, one side, Chinese security market has very low efficiency to overcome asymmetric information and has many unsolved problems in short term that brings very high additional cost, so security market is not a good system to substitute the Chinese banking system and must develop after these problems are solved, on the other hand, the cost of Chinese banking system is mainly exogenously produced, the experiences of western commercial banking practice and the joint-stock reform in some Chinese banks have proved that the efficiency of Chinese banking system can be improved. So one of our conclusions is that China should emphases on the reform and development of the banking system.

一方面，本文通过对中国证券市场的进一步分析，发现中国证券市场制度设计上存在严重不合理，短期内仍然缺乏合适的生存环境，这也导致其过去十多年的超常规发展中不仅具有低的效率，而且形成了许多短期内难以克服的缺陷，这充分表明证券市场不应成为我国金融体系短期内的重点方向，证券市场未来的进一步发展必须以这些问题和缺陷的解决为前提；另一方面，进一步的分析表明，我国银行业目前的巨大成本主要为外生，同时，对西方发达国家银行业发展和我国银行股份制改革的经验总结表明，只要在一定的条件下，银行业的效率完全可以有效提高，因而，中短期内我国应重点对银行业进行改革和发展，尤其是要加快银行业的股份制改革进程。

I think that is a dangerous and somewhat fiscally irresponsible thing to do .

在金融受困的情况下，我们谈论走出困境，谈论在我们目前所做的基础上增加三、四千亿美元，达到近万亿美元，即我国国内生产总值的7%~8%，我认为这是危险的，是有点不负责任的财政计划。

We have provided another in our contribution to GATA's gold derivative banking crisis document presented to the US Congress last May.

我们提供给GATA了一份我们自己做的关于金融衍生品危机的文件，并且已已经在上个5月份提交给美国国会。

After a systematical analysis from graphological, lexical, grammar and ...

通过对字系、词汇、语法、语义四个层面和对语篇因素的系统分析，本研究发现致股东的信具有典型的专门用途英语的特征，尤其所使用的语言在字系、词汇和语法层面上与普通英语有显著性差异；世界500强企业金融行业上市公司年度报告中致股东的信的阅读难度相对较高，因此对学习者在相关领域的学习有更高要求。

Indeed, in financial crisis in a large-scale the room that invite applications for a job allows age option is a lot of bigger, the company had induct international inaccessibly the opportunity of top-ranking talent, but age think to be on a few crucial post, just they need the native land talented person that has internationalization view most.

诚然，在金融危机中大举招聘让陈年选择的余地大了很多，公司有了难得的吸纳国际一流人才的机会，但是陈年认为在一些关键岗位上，具有国际化视野的本土人才才是他们最需要的。

The Co. is registered as high-technological venture at Scientific Technological Department of GuangXi Autonomous Region. She attaches to GuangXi Normal University and Guilin Electronic Industrial College. It includes the advantages of University, military venture and world top technology of Taiwan Inwood Industries Co. Its items are demonstrated by famous prof. of computer in China and the region. The development works involve in post and telecommunication, finance and nuclear power.

桂林海威电子有限公司是广西区科技厅认定的高新技术企业，公司总部紧靠广西师范大学和桂林电子工学院，技术上集高等学府和军工企业的优势，以台湾英伍企业集团的世界顶尖技术为后盾，国内区内知名计算机界教授直接参与技术方案论证，实施开发工作涉及邮电、金融、直至核电工业。

Subir Lall of the IMF and his colleagues have documented the growth in "arm's-length" finance in countries traditionally dominated by hands-on banks, such as Germany and France. Ten years ago, in the wake of Japan's stagnation and the Asian financial crisis, Mr Rajan and Mr Zingales of the University of Chicago noted the "slow but steady ascendance of the public markets" and wondered if it heralded "the eventual supremacy of the arm's-length, market-based, Anglo-Saxon system".

国际货币基金组织的萨博·拉尔和他的同事记录了一些国家&放手式&金融业的增长，而这些国家如德国、法国，传统上都是由参与式银行支配。10年前，在日本经济及亚洲金融危机出现转机之时，芝加哥大学的拉詹和津加莱斯注意到&公共市场缓慢但稳步上升&，并怀疑此趋势是否预示了&放手式、以市场为基础的英美体系的优越性。&

I can not make it blossom and suits me

我不能让树为我开花

When temperatures are above approximately 80 °C discolouration of the raceways or rolling elements is a frequent feature.

当温度高于 80 °C 左右时，滚道或滚动元件褪色是很常见的特征。