非流动性

The removal of undissolved solid by CEPT was over that of conventional settling tank.

CEPT对非溶解性固体的去除效果优于常规初沉池，其污泥的密实性、流动性均比初沉污泥差。

The removal of undissolved solid by CEPT can be over that of conventional settling tank. But the condensation and fluidity performance of the former is inferior to that of the latter.

CEPT工艺对非溶解性固体的去除效果较常规初沉池会有很大改善，其污泥的密实性、流动性均比常规初沉污泥差。

This chapter shows that the presence of illiquid shares deters some investors from entering the market, with the result of an endogenously thin market.

结论表明，相对于不存在事件风险的情形而言，国有非流通股的存在使得更多投资者不愿进入市场，使得市场流动性进一步下降。

Or, to put it another way, they have borrowed in liquid form and invested the proceeds in illiquid assets.

或者，换一种方式，借入流动性资产，将得到的资金投入到非流动资产中。

If banks chose to get this extra liquidity by buying bonds, they would end up owning government debt equivalent to about 60% of British GDP—an unhealthily cosy arrangement.

通过购买债券，银行获得额外的流动性，他们将终止持有相当于大约英国GDP60%的政府债券-一种非健康的适意安排。

The report cited unidentified bank sources who said that lending was slow during the first week of the month but has surged towards the end, with the proportion of bill financing falling in favor of rising medium to long-term loans. 2 No good: MS. WU Xiaolin, ex-deputy head of PBoC , explained on Saturday the surge in bill discounting: China banks are reluctant to grant loans, but the loss will be too heavy with the ample liquidity, so they choose bill discounting and lend the bulk to govt's projects.

报道引用某银行消息人士的说法，月初的一周贷款发放量萎缩，由于票据融资比率下降为中期长期贷款的增加创造了有利条件，近月底时贷款发放猛增。2）非利好预警：上周六，前央行副行长吴晓灵分析了票据融资大量增加的原因：银行不愿意做贷款，但流动性充分的情况下利润损失太大，为降低风险，银行倾向于票据融资，同时将大量贷款投向政府的基础设施。

No good: MS. WU Xiaolin, ex-deputy head of PBoC, explained on Saturday the surge in bill discounting: China banks are reluctant to grant loans, but the loss will be too heavy with the ample liquidity, so they choose bill discounting and lend the bulk to govt's projects.

报道引用某银行消息人士的说法，月初的一周贷款发放量萎缩，由于票据融资比率下降为中期长期贷款的增加创造了有利条件，近月底时贷款发放猛增。2）非利好预警：上周六，前央行副行长吴晓灵分析了票据融资大量增加的原因：银行不愿意做贷款，但流动性充分的情况下利润损失太大，为降低风险，银行倾向于票据融资，同时将大量贷款投向政府的基础设施。

No: trouble was turned into catastrophe bythe Federal Reserve, which botched monetary policy, tightening when it shouldhave loosened, thus depriving banks of liquidity when it should have beenpumping money in.

都不是：而是制定那些糟糕货币政策的美联储将一场麻烦变成了大灾难，应该放松的时候却紧缩，在银行恰恰需要注入资金的时候却非要降低银行的流动性。

The main domestic risk is that abundant liquidity will re-fuel bank credit and investment.

流动性的增加使得银行间利率处于低位，这有利于抑制非FDI资本流入。

This institutional setting greatly damages the matching mechanism be- tween risk and return of Chinese capital market, creating unfairness between liquid shareholders and non - liq- uid ones.

从现实看，股权流动性分裂为中国资本市场带来了八大危害，从而严重损害了中国资本市场风险与收益之间的匹配机制，客观上使流通股股东与非流通股股东处在不平等的状态。

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。