金融市场

Adjustments of Second-hand housing policy reduce the deal cost, boosting buyers' expectations; In addition, such change may increase the liquidity of housing, which will speed up investment in new housing and shops. However, the price continue to drop, especially when the new year is coming, more shop investors keep waiting and seeing due to the financial crisis, macro news. Basing on the demand point of view, some demand for living improvement delay the bargain, so did demand for investment due to bad profit-making. As a result, the demand is difficult to start up, while the supply funds is not sufficient, therefore such commercial real estate enterprises will be out of the market due to their inability to meet the finance crisis. Under competitive pressures, the developers will pay more attention to products quality and products differentiation with a view to compete in the market to get a dominant position.

二手房政策的调整降低了购房者的购房成本，刺激了购房期望；另外，二手房政策的改变可能会增加房源的流动性，这样也会加速新房的销售，商铺投资逐渐活跃，但价格表现却成下行趋势，尤其是年关临近，在金融危机面前，商铺投资者多持币观望，从需求者的角度讲，部分改善型需求和投资型需求的购买行为将向后推迟，炒房者将因投机能力下降而不同程度地退出市场，另外，需求难以启动，供给方资金链紧张，部分自有资金不充裕的商业地产企业将面临因无力融资而退出市场的风险，企业因竞争压力大，将更加注重开发产品的品质，提供差异化的产品，以期在市场竞争中占得优势地位。

Trade mode partrecites the operation model power transmission market and detailedly discusses theprice system of power transmission market; on the basis of electrovalence system ofpower transmission, it calculates and analyses province-stridden power transmissionexpenses combining the actualities of countrywide provincial trade and the actualcircumstances of provincial power transmission of middle-Chinese power grid; itrelates to the mode of big power consumers directly purchasing electricity andfinance instrument of power transmission market.

交易模式部分中叙述了输电市场的运营模式，对输电市场的价格体系做了详实的论述和相应的探讨；在输电电价体系的基础上，结合全国省间交易的现状和华中电网跨省输电的实际，对跨省输电费用进行了相关的测算和分析；涉及了大用户直购电模式和输电市场的金融工具。

Money market consists of a serious markets and each deals with different field. During the trading, one party instructs the Federal Reserve Bank to transfer the money from the account to another party. It is a common sense that the trader brings in goods with the lowest prize and sells them out with highest.

货币市场包括一系列市场，每个市场交易的是一种完全不同的金融工具，参与交易的双方指示联储银行从一位客户的银行帐户上将资金划拨到另一方的银行帐户上，可以理解的是，交易人要以最高价卖出，最低价买入。

Therefore, we believe that the introduction of margin trading and securities lending market will help lay a solid foundation for stable operation of the internal and improve the market mechanism, and the short features will help reverse stock index futures arbitrage, from China Long-term development of the capital market point of view, is an extremely important financial innovation.

因此，我们认为，保证金交易和证券借贷市场的推出将有助于稳定奠定了坚实的基础运作的内部和完善市场机制，从短期功能将有助于扭转股指期货套利，从中国长期的角度发展资本市场的角度，是一个极为重要的金融创新。

Years ago, the Chinese real estate market is also extremely popular in the market and property speculation at the time of emergence of the phenomenon of a large number of government financial credit "drastic measure" in order to bring the real estate market trapped in a "situation irredeemable situation."

10年前，我国房地产市场也非常受欢迎的市场和房地产投机的时候，出现的现象，大量的政府金融信贷"严厉措施"，以使房地产市场陷入了"的局面无法挽回局面。"

Years ago, the Chinese real estate market is also extremely popular in the market, speculation phenomenon large number of times, the Government's financial credit "drastic measure" in order to bring the real estate market into a "situation irredeemable situation."

10年前，我国房地产市场也极受欢迎，在市场的投机现象，大量的时间，政府的金融信贷"严厉措施"，以使房地产市场进入"的局面无法挽回局面。"

And why the financial tsunami furniture enterprises of Guangdong such a tremendous impact, root causes, the foundry dependent overseas brand is the drawbacks of the largest such enterprises in this kind of "superiority" against the background of the market, except as federal, red apples, dynasty and a small number of first-class enterprises to maintain a clear development strategy, the overwhelming majority of the owners of a strong sense of satisfaction, enterprise weak, and many companies willing to do for others is only "awake" so that process Zhejiang School of Gary Coull, who ho Lee so that the whole camp Kawasaki friend who Shuanghu, or impressive, or quietly deep secret agents, outflanking the Guangdong faction of the majority of the non-market-oriented camp, resulting in Guangdong Furniture today the so-called "overseas markets are also fast and slow overseas markets also "dual-Ren situation.

而为何金融海啸对广东家具企业造成如此巨大的冲击，究其缘由，依附海外品牌的代工是此类企业最大的弊端，在这种&优越&的市场背景下，除了像联邦、红苹果、皇朝等少数一流企业保持着清醒的发展战略外，绝大多数老板们满足感强了，进取心弱了，不少企业甘于只为他人做&嫁衣裳&，让浙派的顾家工艺、利豪们，让川派的全友、双虎们等，或有声有色地、或悄悄地深耕细作，包抄了粤派所不注重的广大市场阵营，造成了今天粤派家具的所谓&快也海外市场，慢也海外市场&的双仞局面。

Not only in agriculture, forestry, animal husbandry and fishery, medicine and other pre-and benefit from the resilience of the industry in general inflation down, the financial and real estate funds fell sharply after重仓股after补跌recently emerged, which means that the market valuation of the new criteria are being re - the establishment of the Fund would need in the new game environment gradually reach consensus in order to allow the market to shake off the pattern of consolidation, re-restore confidence, but the economic fundamentals are not supporting the advent of this trend, the source said, in terms of market confidence, or from the capital side, the growth performance of listed companies, market confidence of view, do not have to do more to provide too many reasons.

不仅在农业，林业，畜牧业，渔业，医药和其他前和受益于该行业在一般的通货膨胀适应能力下降，金融和房地产基金重仓股大幅下跌后，最近出现了补跌，这意味着对正在重新评估市场的新标准-该基金的设立将需要在新的游戏环境，逐步达到共识，以使市场摆脱巩固格局，重新恢复信心，但经济基本面不支持这一趋势的到来，该人士表示，在对市场失去信心，或从资本方而言，上市公司，市场认为信心的增长表现，没有做更多的工作提供太多的理由。

Today, the formation of global market and individual regional economic body have displayed dramatic change in the composition of market environment. The liberalization and growth of Mainland China market, financial crisis in south East Asia, issues of European dollar, and continuous steady growth in US economy show the multiversity and changing in current market competition and economic order.

今日， 全球化市场的形成与各区域经济体的出现，更显示出市场环境组成变化之剧烈，中国大陆市场的开放与成长，东南亚金融危机，欧元的发行及美国经济的持续稳定成长等等，正告诉我们现今市场竞争与经济秩序的多样性与多变性，我将与全体同仁更加努力。

Today, the formation of global market and individual regional economic body have displayed dramatic change in the composition of market environment. The liberalization and growth in Mainland China of market, issues of European dollar, and economy show the multiversity and changing in current market competition and economic order.

今日， 全球化市场的形成与各区域经济体的出现，更显示出市场环境组成变化之剧烈，中国大陆市场的开放与成长，东南亚金融危机，欧元的发行及美国经济的持续稳定成长等等，正告诉我们现今市场竞争与经济秩序的多样性与多变性，我将与全体同仁更加努力。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。