银行股票

This article is under the principal-agent theory, human capital theory and risk theory, comprehensively analyses the exercise principle in our listed bank. The paper expounds Executive stock option's basic elements. We know that the long-term stimulation mechanism such as ESO has better effect in comparison with the traditional salary mechanism such as basic wage and annual bonus.

本文在委托——代理理论、人力资本理论与风险理论的框架下，以经理股票期权激励制度在我国上市银行的应用研究为主线，系统地探讨了经理股票期权激励制度的作用机理，运用博弈模型和效用函数对上市银行所有者与经营者效用进行分析，认识到同基本工资和年度奖金等传统薪酬机制相比，经理股票期权激励制度的激励效果更好。

But in our insiders control transitional economy, because the shares of the companies with higher information asymmetry are overpriced, the possibility to use long term bank debt is low while if companies of this kind import long tern bank debt, the information asymmetry can be reduced. The benefit of monitoring exceeds the cost so that the corporate governance can be improved which will bring better corporate performance; shares of companies with lower information asymmetry do not get much overprice, the possibility of using long term bank debt of this kind of companies is higher while the benefit is smaller than the cost.

但在我国的内部人控制的转型经济中，信息不对称程度高的公司由于股票在公开市场的溢价程度高，引入长期银行借款的可能性反而小，其实这种类型的公司如果引入银行债务的监督，则会减轻信息不对称程度，债务的监督收益将大于债务的成本，从而带来公司治理结构的改善，最终将带来公司绩效的提升；信息不对称程度低的公司由于其股票在公开市场的溢价程度比信息不对称程度高的公司低，反而更有可能引入长期银行借款，但这种类型的公司引入长期银行借款的成本大于收益，将会导致业绩的降低。

COASTAL COMMUNITY AND TEACHERS CREDIT UNION COLLINS COMMUNITY CREDIT UNION COLUMBUS BANK AND TRUST COMPANY COMERICA BANK COMMERCE BANCSHARES, INC. COMMERCE BANK, NATIONAL ASSOCIATION COMMERCIAL BANK COMMUNITY BANK AND TRUST CREDIT ONE BANK, NATIONAL ASSOCIATION CREDIT UNION CENTRAL FALLS CREDIT UNION OF NEW JERSEY CU COOPERATIVE SYSTEMS DATA CENTER INCORPORATED DHCU COMMUNITY CREDIT UNION DIGITAL FEDERAL CREDIT UNION DUPONT COMMUNITY CREDIT UNION ESL FEDERAL CREDIT UNION EVANSVILLE FIREFIGHTERS FEDERAL CREDIT UNION FAIRFAX COUNTY FEDERAL CREDIT UNION FAMILY SECURITY CREDIT UNION FARMERS AND TRADERS BANK FEDCHOICE FEDERAL CREDIT UNION FIA CARD SERVICES, NA FIA CARD SERVICES, NATIONAL ASSOCIATION FIDELITY BANK FINANCIAL HORIZONS CREDIT UNION FIRST-CITIZENS BANK AND TRUST COMPANY FIRSTMERIT BANK, NATIONAL ASSOCIATION FIRST BANKING CENTER - BURLINGTON FIRST COMMUNITY BANK, NATIONAL ASSOCIATION FIRST COMMUNITY CREDIT UNION FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PORT ANGELES FIRST FEDERAL SAVINGS BANK OF FLORIDA FIRST INTERSTATE BANK FIRST NATIONAL BANK FIRST NATIONAL BANK OF TENNESSEE FIRST PREMIER BANK FIRST SAVINGS BANK OF PERKASIE FIRST STATE BANK OF ST.

海岸社区与师范储蓄互助社柯林斯合作信用社哥伦布银行及信托公司Comerica银行商业股票银行，工商银行股份有限公司，国家协会为商业银行和信托银行信用社区一家银行，国家会信用联合会中央瀑布信用新泽西兑换联盟协同系统数据中心的法团DHCU合作信用社数字联邦信用合作社杜邦合作信用社的ESL联邦信用合作社埃文斯维尔消防队员联邦信用合作社费郡联邦信用合作社家庭安全信用联盟农民和商人银行FEDCHOICE联邦信用合作社国际汽联卡服务，不适用国际汽联卡服务，全国协会信诚银行信用联盟第一个财政立式服务器，国民银行和信托公司FirstMerit现有银行，第一银行中心的全国性协会-伯灵顿第一社区银行，国家协会第一社区信贷联盟第一个联邦储蓄和贷款协会第一港口洛杉矶联邦储蓄银行美国佛罗里达州第一州际银行第一国民银行第一国民银行田纳西州的首位银行第一储蓄佩卡西作者：意法半导体第一州银行。

But banks' shares trade below their book value, suggesting that investors are sceptical.

但是，银行股票以低于账面价值的价格交易，这一点反应了投资者的怀疑。

And given that the ICBC stock was 10 times oversubscribed, a strong trading debut is extremely likely.

由于中国工商银行股票认购量已经超过发行量的10倍，在开始上市交易时极有可能走红。

The threat of nationalisation has receded, reinvigorating the banks' share prices.

国有化的威胁已经退去，银行股票价格节节上扬。

He directed his traders to begin buying bank stock and debt.

他指示手下的交易员开始买进银行股票和债券。

Shares in China Construction Bank rose by a less-than-expected 32 per cent on their first day of trading on the Shanghai market yesterday, indicating that the burst of recent flotations may be starting to damp investor demand.

中国建设银行股票昨日在上海市场上市首日上涨32%，涨幅低于预期，这显示，最近新股的大量上市可能已开始抑制投资者的需求。

Corporate holdings account for the proportion of larger stock pot for the East to withdraw from the market, Datang Power Generation, Bank of Communications, Industrial Bank, since the instrument shares, and the reduction of the proportion of larger stocks in the Pacific for long Group century, too-long Chinese medicine, Tai shares, too, and so on of the shares.

公司持有的大汤锅的东方比例退出市场，大唐发电，交通银行，兴业银行，银行因为该文书的股票，以及股票的比例较大减少太平洋集团世纪的长期，太长，中医，大的股票，也等的股份。

CITIC short of the main disk self-Ping An of China, Bank of Communications, and Guoxin Securities self-set up to sell the stock of China Unicom and is CITIC Securities, Everbright Securities Exchange last week for 8 full stock short, which is the most Jiancang Shanghai Pudong Development Bank, China Merchants Bank and China Petroleum.

中信短期主要磁盘自我的中国平安，交通银行，和国信证券自成立推销中国联通股票是中信证券，光大证券交易上周8充分股票简称，它是最建仓上海浦东发展银行，中国招商银行和中国石油。

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。