Facing with the adjustment blemish of the market and the government, knowledge problem and market growth degree etc, the article analyzes and arguments tmsm, the investment theory of the gapsm and two - mechanism forming reason and specialty of our country, and tries to explain and answer the question of breadth fluctuation, high risk, price decision, proceeds and investment strategy etc in the gapsm. since 80 ages, a series of the important development has all taken place in the world and the economy of our country, and it produced the deep influence on the growth of the security market, and particularly the information revolution, all markets forming one body and the quick development of the derivable security product brought the unprecedented macroscopic opportunity and power to the security market ; but at the same time our security market with the structure absurdity of participators, higher risk, irregular law, closed market, the validity of supervise and no science of market regulation does not accommodate to the macroscopic environment and so our country security market needs a new set of security theory with environment. according to the macroscopic and microcosmic environment, this article defines that our country security market is both a gapsm and the initial stage of the gapsm
上世紀80年代以來,世界和我國經濟都發生了一系列重大的變化,對證
券市場的發展產生了深刻的影響,尤其是信
息革命、市場一體化和證
券衍生產品的迅速發展,給證
券市場的發展帶來了前所未有的宏觀機遇和動力,而同時我國證
券市場參與者結構的不合理、較高的風險、不規范的法律、市場的不開放、監管的不完全以及不科學的市場調控等微觀市場環境條件與此宏觀環境並不適應,從而我國證
券市場需要一套適應環境變化的股票理論;本文就是以這一宏觀環境和微觀條件為依據,把我國證
券市場定義為既是政府主導型證
券市場又是市場初期;並對我國證
券市場二元制產生的原因、特點及特殊性進行了分析,並通過我國政府調節的實例進行了論證,並對投資理論和投資策略進行了研究,這對控制我國證
券市場的高風險以及獲取收益都具有重大意義。
Wto and the disclosure system of securities law in china
分工與證
券市場信
息披露
Humble opinion on the information dissymmetry in security market
淺議證
券市場的信
息不對稱
A study of information dissymmetry behavior and strategy in stock market
證
券市場信
息不對稱表現及對策研究
As a kind of endogenic phenomenon of progressive reform, the reasons of financial dilemma lie in financial preference of nationalization and soft budget restriction of state - owned enterprises, asymmetric information and the rate which is not decided by market transaction, and the actual ownership - discrimination of stock market and bond market
作為漸進改革的一種內生現象,民營經濟的金融困境源於「國有化」金融偏好與國有企業預算軟約束,信
息不對稱與利率非市場化,以及股票市場與債
券市場事實上的「所有制」歧視。
Debentures, unlike shares, are loans to a company with a fixed rate of interest.
公司債
券與股票不同,它是按固定利
息率借給公司的貸款。
Interest on, and any profit made in respect of a bond issued under the loans ordinance cap. 61 or the loans government bonds ordinance cap. 64, or in respect of an exchange fund debt instrument or in respect of a hong kong dollar - denominated multilateral agency debt instrument
根據《借款條例》 (第61章)或《借款(政府債
券)條例》 (第64章)發行的債
券所派發的利
息及所獲得的利潤;或從外匯基金債務票據或多邊代理機構港幣債務票據所獲得的利
息或利潤;
Interest on, and any profit made in respect of a bond issued under the loans ordinance ( cap. 61 ) or the loans ( government bonds ) ordinance ( cap. 64 ), or in respect of an exchange fund debt instrument or in respect of a hong kong dollar - denominated multilateral agency debt instrument
根據《借款條例》 (第61章)或《借款(政府債
券)條例》 (第64章)發行的債
券所派發的利
息及所獲得的利潤;或從外匯基金債務票據或多邊代理機構港幣債務票據所獲得的利
息或利潤;
This article based on local and foreign scholar ' s studies on earnings announcement and value / glamour stock, creates and uses the variable of different p / e to define the relative level of market, and chooses earnings announcement as the even for analyzing the market response to good and bad earnings announcement
本文在總結國內外學者關于盈利信
息及價值股和魅力股的研究基礎上,採用事件研究法,選取盈利信
息公布作為反應事件,運用相對市盈率劃分不同的市場狀態,針對我國證
券市場在盈利信
息公布的反應方面做了系統的分析。
If we put it on heritable bond we shall maybe lose the interest.
假使我們把這筆錢變成可以繼承的證
券,我們就會損失利
息。
Objectively, stern regulation, the lack of finance intermedium and mechanism investor further aggravate the situation. then, this paper views that information asymmetry is essential reason which restrict the development of enterprise bond market
因此,本文認為,信
息不對稱是制約企業債
券市場發展的根本原因,欲加強企業債
券市場的發展,就必須有效弱化信
息不對稱問題。
Service category, such as consultative information service, competitive information and introductive contents etc. part four : information disclosure system and stock news propagation
服務類。包括參照性信息服務、競技性信息和知識性內容等。第四部分:信息披露制度與證券新聞傳播。