金融市场

It carries a thorough discussion of the realistic significance and profound influence which caused to the Chinese monetary market of the interest rate swap. The article believes that the interest rate swap will provide a effective way of financing for Our Enterprise, speeds up the development of our commercial banks, meets the demand of interest rate swap on bond market, has positive influence to our interest rate reform. Secondly, this chapter discussed the restriction factor and the countermeasure of interest rate swap from the aspects of money market interest rate index, the fluidity and the market access.

它首先对我国发展利率互换所具有的现实内涵、推出利率互换对中国金融市场产生的深远影响进行了比较深入的探讨，文章认为利率互换可以为我国企业提供了一种有效的融资方式、有利于我国商业银行更好地发展、满足债券市场对利率互换的需求并将进一步促进我国的利率市场化；其次，结合我国的实际情况从利率互换工具本身、交易主体和宏观环境三个方面，探讨了我国开展人民币利率互换后的风险防范问题；最后，本章还从货币市场利率指数问题、流动性问题、市场准入问题等几个方面探讨了我国利率互换市场发展的制约因素及对策。

Following such study clue, I gradually introduced the factors that should be taken into account in discretionary disclosure and integrated all the theories in a frame. Firstly, I introduced the concept of "proprietary cost" and analyzed the level and strategies of disclosure which were taken by firms.

本文按照逐步引入影响因素的方法将现有的理论串成一线：首先引入"专有性成本"这一因素，分析了专有性成本理论框架下公司选择性披露水平及决策问题；在此基础上，引入了产品市场竞争因素，分析了不同产品市场竞争环境下公司的选择性披露决策；接着，笔者又将金融市场竞争因素引入，解释了为什么上市公司事实上并非完全遵循产品市场竞争环境下的披露策略，而会出现披露的"羊群行为"。

We should tighten regulation of financial institutions and intermediaries and enhance transparency of financial markets and products.

加强对金融机构和中介组织的监管，增强金融市场和各类金融产品的透明度。

We should tighten regulation of financial institutions and intermediaries and enhance transparency of financial markets and products.

加强对金融机构和中介组织的监管，增强金融市场和各类金融产品透明度。

Herding in financial markets are involved in the study of financial theory in recent years one of the hot as well as monetary authorities to focus on the object.

金融市场中的羊群效应是近年来金融理论界研究的热点之一，也是金融管理当局重点关注的对象。

Credit Systems and Interzones Theory of Finance Market Direction English Abstract Financial revolution focus on market financial liberalization, including direct financing, interest rate liberalization, foreign exchange system connect on international financial system etc., to build financial system facing on world.

信用体系与金融市场化的区间论中国金融改革的方向是市场化，包括直接融资体系的建立，利率市场化，外汇体制与国际接轨等，以建立起面向经济全球化的金融市场体系。

As a result, constituting a valid prewarning system for financial risk is badly needed. Financial market is a high-risk industry.

维护金融市场与金融机构的稳定、进行有效的金融风险预警、防范、控制与管理是各国政府与投资机构孜孜以求的目标之一。

At present,thetheoretical issues on the accounting supervision of derivatives are in discussion andthe accounting supervision system of deriv ...

我国金融市场的发展迫切需要衍生金融工具，但对衍生金融工具风险必须有充分的认识和有效的监控手段。

Richard Aitken Davies, ACCA's President, says:"The G20 have many problems to solve - how to cope with the increasing complexity of financial markets; how to strike a balance between financial innovation and the management of systemic risks; and what the role of global co-ordination of financial regulation should be."

ACCA会长戴理德指出：&G20峰会要解决的问题很多，包括如何应对日渐复杂的金融市场；如何平衡金融创新与系统风险管理之间的关系；以及如何明确全球协同进行金融监管的职责等。&

With the globalization of world economy and China's joining in WTO,financial market in China has become more and more competitive.Merchant B anks can not extend area to get great profits if only depend on traditional operation.The extension and globalization of businese requirements brought some financial risks.In order to prevent and eliminate those financial risks,Merchant B anks all begin to cooperate with stockjobber and insurance by developing mid一ware operation.B anking operation requirements are growing and facing globalization.

随着全球经济一体化趋势增强和中国加入WTO，我国金融市场竞争加剧，商业银行只靠传统业务已很难扩大利润增长来源，银行业务需求不断增长以及业务需求日渐全球化不可避免的会带来一定的金融风险，为防范和化解金融风险，各银行纷纷加强与证券、保险间的合作，发展中间业务。

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。