金融的

Review the experiences of interest rate reforming in the world, though the interest rate liberalization reform is the necessary way to improve the efficiency of financial system and to optimize the capital disposition, the reform will cause serious risk for economy and financial system.

综观国际上实施利率市场化改革的经验教训，利率市场化虽然是提高金融系统效率和效益、优化资金配置的必要途径，然而它也将给该国的经济、金融系统带来严重的风险。

Large banks, securities firms, insurance companies, financial institutions and large enterprises in this intensive offices, the United States and the world of finance, securities trading, as Wall Street in general often synonymous with monopoly capital.

大银行、证券公司、保险公司等金融机构以及大企业的办事处密集于此，成为美国和互联网纾的金融、证券交易的中心，一般常把华尔街作为垄断资本的代名词。

The fear in the City is that heavy European regulation will stifle the financial centre's flair for innovation, and indeed drive business offshore.

伦敦金融城所担心的是，严格的欧盟监管会遏制伦敦的金融创新才能，并且事实上只会将原本的这些金融业务驱逐到离岸市场上。

Self Descriotion: Specialize on the legal services in corporate and securities, and financial investments; legal services in capital market, property rights regime and reform, definition and trading of property rights, industry convergence and reform of state management system, etc; legal services on capital operations projects, like joint-stock system reform, issuing and listing of securities (including A shares, B shares, H shares, rationed shares, newly issued shares, convertible loan shares, debenture and fund), and finance; specialized legal services in law-based administration of government departments, foreign investments, corporate acquisitions and reorganizations and insolvency liquidation, etc; legal services in overall planning of large projects and design of significant procedure, and negotiations on projects of overseas financing and investments, etc.

或评价：本人擅长公司与证券、金融投资领域的法律服务项目；资本市场、产权制度与产权改革、产权界定与交易、产业整合、国有资产管理体制改革等领域的法律服务项目；企业股份制改造、证券发行上市（A股、B股、H股、配股、增发新股、可转债、公司债、基金）、金融等资本运作项目；政府机关依法行政、外商投资、企业并购重组、破产清算等领域的专项法律业务；大型项目的整体方案策划与重大流程设计、对外投融资项目谈判等法律服务。

It can be said that, as a financial innovation, Countervail Debt by Shares has the various practical significance regarding our country capital market development, but according to the operating on the reality, this kind of financial innovation tool still exists many discussion and the question urgently.

可以说，作为一项金融创新，"以股抵债"对于我国资本市场的发展具有多方面的现实意义，但是从我国目前资本市场上"以股抵债"这种金融创新工具的实际运作来看，上市公司的"以股抵债"仍存在着诸多亟需探讨和解决的问题。

In order to expose more exactly of the market risk faced by financing institutions, and manage risk more deeply and completely, This article expands research in the following aspects: multivariate abnormal distribution family, the measurement of correlation function in the portfolio selection and Copula function.

为了能更准确地反映金融机构面临的市场风险，进行深层次的、全面的管理金融风险，本文最后从以下几方面展开了风险价值度量方法的研究：多元非正态分布族，投资组合中相关性度量方法及Copula函数。

In order to expose more exactly of the market risk faced by financing institutions,and manage risk more deeply and completely,This article expands research in the following aspects:multivariate abnormal distribution family,the measurement of correlati on function in the portfolio selection and Copula function.

为了能更准确地反映金融机构面临的市场风险，入行深层次的、全面的管理金融风险，本文最后从以下几方面展开了风险价值度量方法的研究：多元非正态分布族，投资组合中相关性度量方法及Copula函数。

The fundamental problem is that our financial markets there is no effective market pricing mechanism, pricing of financial assets can not be effectively and where to effective interest rate?

最根本的问题是，我们的金融市场也没有有效的市场定价机制，定价的金融资产不能有效地和在哪里实际利率？

The main function of excess reserve is to guarantee the financial institutions' normal payment to the customer, guard financial institutions' operational risk and protect the security of customers' deposit.

超额储备的主要职能是保证金融机构的资金以正常地支付给客户，防范金融机构的经营风险，保护客户的存款安全。

A few weeks ago, Claudio Borio, head of research at the Bank for International Settlements, warned in a solemn note to Group of 20 leaders that modern financial policymakers are ldquo;driving while just looking in the rear view mirrorrdquo;: western finance officials have focused so much on past risks that they fail to spot new dangers.

几周前，国际清算银行研究部主管克劳迪奥bull；博里奥以严肃的口吻警告20国集团(G20)领导人，现代金融部门的政策制定者ldquo；开车时只看着后视镜rdquo；：西方国家金融官员们太过关注以往的风险，以致于未能发觉眼前新的危险。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。