股票投機 的英文怎麼說
中文拼音 [gǔpiàotóujī]
股票投機
英文
agiotage-
Look into next year, above all need reviewing was mixed last year even this year the year before last year, can say, grail drops through abidance of a few years, the pannikin that acclaims be in fashion for a period before a few years, science and technology, recombine etc is simple congenial idea almost what had changed to these 2 years is very malapropos, but big change often is need time is mixed accumulate, quantitative change will be changed finally into qualitative change, people from to these stocks from love to arrive to coma detesting also is to need time to change likewise
展望明年,首先需要回顧今年甚至去年和前年,可以說,大盤經過幾年的持續下跌,在幾年前炒作盛極一時的小盤、科技、重組等幾乎是純投機概念到這2年已經變的很不合時宜了,但是大的變化往往是需要時間和積累的,量變最終將轉化成質變,人們從對這些股票從喜愛到麻木到厭惡同樣也是需要時間來改變的。However, speculative futures trading by day traders is posing risks to stock investors by increasing volatility
然而,當日交易者進行的投機性期貨交易加大了市場波動性,給股票投資者帶來了風險。The result of this paper were : 1 ) the market mircrostructure of chinese stock is ' nt market maker, two - part stock can n ' t circulate and the scale of current stock is small, so, filling right effect make dividend event do n ' t diluate the price, the stock price could n ' t reach optimal price ; 2 ) the meanings of bid - ask speed in chinese has been changed, did n ' t reflect the real trade cost, only reflect the possible trade cost, contained desire of price popple, din n ' t belong absolute liquidity again ; 3 ) turnover rate is a liquidity ' s index, speculation ' s index too, which can explain one side of liquidity, but this index is defective in chinese stock market ; 4 ) martin index was decrescent when dividend event occurred, display the liquidity of stock was improved, so, the martin index is compatible index to measure chinese stock liquidity ; 5 ) stock dividend event affect the liquidity in the stock dividend day, stock dividend event can n ' t dividend event in the bulletin day ; 6 ) the quantity stock dividend and trend of stock market was significant factors that affect the liquidity
本研究的結論是: 1 )中國股票市場的微觀交易結構並不是採取做市商制度,且2 3的股票不能流通,流通股規模很小,存在著股票股利事件后的快速「填權」效應,使股票價格快速回升,股票股利發放事件的稀釋價格作用無法發揮,也就無法達到「最適價格」 ; 2 )中國股市的買賣價差的含義發生了變化,不再是實際交易成本的反映,只是可能交易成本的反映,因而很大程度上代表了股價的波動意願,並不具有完全意義上的流動性含義。 3 )就換手率而言,它既是流動性的衡量指標,也是最常用的衡量投機性的指標。換手率指標只能說明流動性的一個側面,在中國衡量流動性是有缺陷的。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。Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks
突出地表現在:資本市場服務于國企轉制,造成上市公司股權結構存在缺陷,致使公司治理失效,上市公司缺乏持續發展的能力,公司經營風險轉化為市場的系統性風險;政府對資本市場準入的行政性壟斷,形成上市公司「殼」價值,虛高股票市場價格,引發系統性風險;金融市場分割,特別是貨幣市場資金缺乏進入資本市場的正常渠道,利率市場化水平低,影響金融資產定價,導致違規融資盛行,加大了市場風險;而由於市場監管不到位,以散戶為主的投資主體結構,則易導致機構大戶利用內幕信息操縱股價,機構投資者的發展不僅沒有成為穩定市場的力量,反而成為操縱市場的主力,加劇了市場波動。The company issued a press release to try to stop speculating its shares.
公司發布了新聞稿以期遏止對其股票的投機活動。The former mostly includes finance trench, which consists of urban maintenance and constructive tax, add - ons of public utility, urban land - using tax, the debt of local government, remise of urban state - own land - using right and special national debt capital, and so on ; administrative charge trench, which consists of apportion, raising the price of urban infrastructure products and services, and so on ; practicality investing trench, which mostly consists of corresponding capital for urban infrastructure provided by real estate exploiters ; other financing trenches, which consist of time - limiting remise of operating authority on urban infrastructure section, introducing into foreign capital, short term loan of civil financing institution, and so on. the latter includes the innovation on the main investors, which consist of the anticipation of civilian capital and other non - financing institutions, and the innovation on financing tools, which consist of project financing, investment funds on industry, municipal bonds and initial public offering, and so on
前者主要指以政府作為投資主體下的各種融資工具,包括財政稅收渠道(包括城市維護建設稅和公用事業附加、城鎮土地使用稅、地方政府債務、城市國有土地使用權有償出讓、國債專項資金等) ;行政收費渠道(包括攤派、提高基礎設施產品和服務的價格等) ;實物投資渠道(主要是讓房地產開發商為城市基礎設施提供配套資金) ;其它融資渠道(包括市政設施部門專營權有限期出讓、引進外資、國內金融機構的短期貸款等) ;後者則包括融資主體的創新(民間資本的參與以及其它非銀行金融機構的介入)和融資工具的創新(項目融資、產業投資基金、市政債券、股票上市等) 。Joe kennedy, father of the assassinated president and a renowned speculator, once said that the time to sell shares was when shoeshine boys were giving out tips
喬?肯尼迪,作為遇刺總統父親的同時又是一位頗有威望的投機商人,他有一次說道:當鞋童都跟你說買股票時,就是時候賣出了。Examples are given to explain the choices of different investment portfolios in regard to the large and small investors in the security market at present
最後運用具體的股票投資組合實例,分析了大中型機構投資者和中小投資者在投資組合方面的不同取向。Now, in our country, many listed companies prefer to equity financing, which is partly caused by the fact that corporation bonds are of low expectancy of gains and high expectancy of bankruptcy cost in our stock market
股權融資事實上的低成本使得我國上市公司普遍偏好股權融資,而公司債券的低收益預期和高預期破產成本以及普遍存在的投機心理是我國證券市場上投資者選擇股票投資的重要原因。We really missed the boat on that stock investment
那次股票投資,我們真是錯失良機。But through the analysis and contrasting the index of transferal rate and p / e rate between chinese market and others, which demonstrated that the speculative factor in our market is strong ; and the data provided by instrumental analysis of our market prove that our systematical risk is higher than the ordinary level
但通過對我國股票市場股票換手率、市盈率等指標的分析、比較,說明我國股市投機性很強;實證分析提供的數據顯示,系統風險占總風險的比例遠遠高出一般正常水平。She lose all her money in stock exchange speculation
她將所有的錢賠進了股票投機生意。He speculated successfully in mining shares
他做礦業股票投機獲得成功。The second one is the behavior of the stock market, which distinguishes the economics meanings between the stock investment and the stock speculation, and analyzes the effect of them to the stock market
第2章股票市場行為,對股票市場行為進行了闡述,科學辨別了股票投資與股票投機兩者的經濟涵義,分析了兩者對股市的作用。The fourth one is the research and application of the price - earnings ratio, which find some mistakes in the calculating method and the limitation in its application of the price - earning ratio ; this chapter brings forward the synthesis price - earning ratio, by which we can measure the contribution to the stock market of the stock speculation and the stock investment. the fifth one is the prospect of the stock market in china ; it analyzes several factors including china ' s entrance to wto, which can effect the development of our country ' s stock market and puts forward some opinions to the development trend of our county ' s stock market
第4章股票市盈率研究及其應用,通過對股票市盈率的技術經濟分析,發現股票市盈率計算方法有一定的缺陷性和在應用上具有一定的局限性后,提出了綜合市盈率的概念,然後通過對綜合市盈率在我國股市中的應用,計算出了近年來股票投資和股票投機對我國股市的貢獻度;第5章未來我國股市的展望,分析了對我國股市發展有影響的幾種因素及加入wto對我國股市的影響,最後對未來我國股票市場的發展趨勢提出了幾點看法。Therefore, considering the development history, the current situation, the theoretical results and the practical experience of the developed countries, this paper defines the economics meanings of the stock investment behavior and the stock speculation behavior. based on the technique economics analysis of price - earnings ratio of the stock market, referring to the developing current situation and practical experience of our country ' s stock market over the past years, the paper puts forward the definition of the synthesis price - earning ratio which is more adapted to the common stock market, by which we can measure the contribution to the stock market of the stock speculation and the stock investment of the recent years
鑒於此,本論文以發達國家股票市場的發展歷史和現狀,以及其理論成果和實踐經驗為研究藍本,對股市中的股票投資和股票投機兩大行為進行了科學的界定;在參考國內股票市場近幾年的發展現況和實踐經驗,並在對股票市盈率進行了技術經濟分析的基礎上,結合股票市盈率和社會資本平均報酬率,本文提出了更適合評價一般股票市場的綜合市盈率指標,通過對它的應用,可量化近年來股票投資和股票投機對我國股市的貢獻度。This paper expounds mainly three special themes, which includes the management mechanism of limited partnership, how to choice venture companies and how to calculate the value of stocks when venture capital should exit
本論文重點論述了有限合夥制這種風險資本組織制度內在的治理機制,風險投資項目的選擇以及風險資本退出機制中股票投資價值的計算等問題。This policy shows two - side effect, on one side, it controlled the investment risk in a strict scale which at the same time on the other side set a overwhelming barrier for insurance companies to access to more sources of profit - earnings. actually, when we study the fact of insurance industries in western developed countries, it ’ s a common way to invest with insurance capital into capital market. the investment features can be described as large scale of investment amount, high profit margin and broad channel of investment
為了增強保險企業盈利能力,活躍、發展資本市場,促進金融體制改革, 2004年國務院發布了《關于推進資本市場改革開放和穩定發展的若干意見》 , 2005中國保監會與中國證監會聯合下發《關于保險機構投資者股票投資交易有關問題的通知》等規范性文件,從而從政策和法規上許可我國的保險資金直接投資于資本市場,為我國保險資金的運用揭開新篇章。That requires one to believe in smart bond investors and dumb equity investors, both of whom are often working for the same organisations
這要求人們信任聰明的債券投資者和愚鈍的股票投資者,這兩群人往往為相同的機構工作。分享友人