改組債券 的英文怎麼說
中文拼音 [gǎizǔzhàiquàn]
改組債券
英文
reorganization bonds-
The essay raises that the focal point of chinese financial system reform should be to develop and perfect money market. on the base of analyzing both general functions of the market and special functions that the development of the market has influenced on chinese economy and finance, it objectively analyzes the current situation and outstanding problems of the market and advances major solutions to perfect the market, which is, with the premise of constructing credit bases of the market development and with the central task of raising the market efficiency, to perfect short - term bonds market ( including the repo market ) and commercial paper market, and to deepen policy functions of the market, for the sake of a stable and orderly market with substantial scale, united market organization, efficient clearing < wp = 5 > system, reasonable interest rate system, perfect medium organization and effective market supervision
本文認為，目前中國金融體制改革的重點應是發展和完善貨幣市場。本文在認真分析貨幣市場的一般功效以及貨幣市場的發展對中國經濟金融發展和改革的功效的基礎上，客觀分析了中國貨幣市場的發展現狀以及存在的突出問題，並提出完善中國貨幣市場的基本思路，那就是：以建設中國貨幣市場發展的信用基礎為前提，以提高中國貨幣市場的效率為主旨，完善同業拆借市場、債券市場和票據市場，深化貨幣市場的政策功能，其目標是把中國貨幣市場建成一個具備相當的規模、統一的市場組織、高效的清算系統、合理的利率體系、完善的中介組織以及有效的市場監管的穩定有序的貨幣市場。Dr chan said : " we issued the notes in a highly favorable market environment against a background of increasing interest rates and continued credit tightening in the prc. the notes issue is intended to improve and enhance the matching of our group s expansion plan with its cashflow requirements and debt maturity profile.
陳博士表示：在息率趨升和中國內地持續收緊信貸的情況下，對債券發行人造就了利好的市場環境，亞洲鋁業亦在此利好情況下發行了票據，以改善和鞏固集團在擴展計劃下的現金流量需要和借貸償還期組合。What ’ s more, we should harmonize the regulation of the government and social agencies during the reform. the paper applies normative study method. it studies the market regulation systematically and thus it is of rather great value in practice
同時，協調、配合政府監管有形之手和市場監管無形之手，具體改進政府監管主體和非政府監管主體（社會中介機構和自律組織）對企業債券市場的監管方式。Under this circumstance, our treasury bond market exits lots of shortfalls which impede further development for this market. in this essay, combining with the experience in developing country " s experience, it analyses some challenges which confronted chinese bond market, such as liquidity in the interbank market has yet to be improved, duration in bond products are yet to be rational, a sound yield curve is yet to be take shape, the separation between exchange and interbank yet to be broken. in order to solving above issues, this essay suggests that it should develop market maker system to increase market liquidity ; manage balanced treasury bond ; issue short and long term treasury bond in proportion to improve duration and yield curve ; develop bond derivative products such as future trading, open style repurchasement, so it can provides tools for risk protection
但隨著我國經濟的快速發展，金融市場已今非昔比，中國成為了世貿組織的成員，中國資本市場要走向國際化，利率的市場化是大勢所趨，在此前提下，我國國債市場還存在著很多不足，越來越阻礙著國債市場的進一步發展，本文結合世界發達國家的先進經驗，剖析了我國國債市場存在的一些問題如：流動性有待改善、國債期限結構不合理、無法形成科學合理的益率曲線、交易所市場與銀行間市場割裂等，為解決這些問題，本文建議應發展做市商制度以提高市場流動性；實施國債余額管理，發行短期國債及長期國債，改善國債期限結構，以形成科學合理的收益率曲線；發展債券衍生金融創新工具如國債期貨交易、開放式回購等，為投資者提供避險工具等等。In order to maintain a sustainable sound development of the corporation bond market, we should draw upon the experience that it has been too costly for us to regulate the stock market after its development, and standardize the corporation bond market regulation prior to developing it. the paper reviews and analyzes the development of the securities market and some theories about governmental regulation, then deliberates upon the defects of the regulation of corporation bond market in china from its concepts and thinking mode. at last, the paper advocates that we should reform the regulation largely depending on the market itself and effective laws, and also impose more power on protecting the interest of investors
文章首先回顧了國內外證券市場的發展，分析了政府監管的相關理論，再從監管理念和監管方式兩方面具體分析了我國企業債券市場監管的缺陷，在分析監管理念上的缺陷時主要探討了債券市場功能認識上的偏差和維護投資者利益上的不妥當兩個方面的問題，在分析監管方式上的缺陷時則主要從政府監管主體和非政府監管主體（社會中介機構和自律組織）兩個方面來詳細闡述監管上的缺陷，最後提出在改革監管制度過程中，要重塑監管理念，把對企業債券市場的監管從原來的重融資向保護投資者利益轉變，促進政府監管走向市場化、法治化。Apart from the business items such as the establishment of companies, regrouping, merging, debt - to - share transition, dissolution, bankruptcy, liquidation, which our office has already unfolded, the law office can also provide the corresponding service to the enterprises and the securities companies in the establishment of stock companies with initiation and fundraising, the issuing and listing of the stocks and bonds domestically and abroad, transformation of the stock system, transactions of the property rights and some other legal affairs involving the listed companies
本所除了業已開展的公司設立、重組、並購、債轉股、解散、破產、清算等服務外，還可以在發起、募集設立股份公司、股票、債券的境內外發行、上市、股份制改造、產權交易等涉及上市公司的法律事務為企業、證券公司提供相應的服務。1the two bond portfolios were revised each year to maintain a constant maturity
1這兩個債券組合每年均修改以維持一個不變的到期。Aiming at the " debt - to - equity transformation " which is a debts restructuring scheme advanced by government, in term of the requirements of modern enterprises regulations, this paper has researched deeply on asset securitization under asset management corporation which can resolve excessive debts of state - owned enterprises, on base of researching on the modes of debt restructuring in our country and overseas and researching on the practice of asset securitization. these research can make the capital market play effective function in collocating capital sufficiently, search new investors and the objects of debt restructuring through capital market. accordingly, these research avail to impel the pace of the swa reforming, promote the swa ' s development of production and operation continually, quickly and healthily
針對目前國家提出的國有企業「債轉股」債務重組方案，按照現代企業制度的要求，在對國內外債務重組模式和資產證券化運作實踐進行研究的基礎上，本文對解決我國國有企業過度負債的資產管理公司制下的資產證券化進行了深入的研究，充分發揮資本市場的有效配置作用，通過資本市場尋找新的投資者和重組者，從而有利於推動西南鋁改革步伐，促進其生產經營持續、快速、健康發展。分享友人