融資套利 的英文怎麼說
中文拼音 [róngzītàolì]
融資套利
英文
credit spread-
The thesis, somehow, is a summary, which expounds the main contents of traditional portfolio theory ( tpt ) and mpt, also gives a comparison between tpt and mpt ; analyses two aspects of markowitz theory, one is the effects of risk disperses and the demonstration, the other is how to make an optimal portfolio strategy ; researches into capital assets pricing model ( capm ), factor model ( fm ) and arbitrage pricing theory ( apt ) respectively in three parts ; studies another two parts, one is the premise of mpt, which is the efficient market hypothesis ( emh ), the other analyses the behavior finance theory ( bft ) produced in the background of challenging and querying to emt and capm. the thesis finally discusses the researching and applying prospects of mpt in china
論文對現代資產組合理論與傳統資產組合理論分別進行了分析，並對兩者進行了比較研究，對馬克維茨的均值? ?方差理論從資產組合風險分散效應和最優資產組合選擇兩方面進行了重點分析，對資本資產定價模型、因素模型、套利定價理論進行了一定深度的分析和研究，對現代資產組合理論的前提假設? ?有效市場理論及在對有效市場理論和資本資產定價模型形成挑戰和質疑背景下提出的行為金融理論進行了論述，論文最後分析了現代資產組合理論在我國的研究及其應用的廣闊前景。Recent market strength may also lead to a surge in cash raising activities including ipo ' s and share placements and trigger some profit taking
近期市場的行情走好也可能會引發大量融資活如ipo 、配股等，導致獲利套現。As one of important financial derivatives, stock index futures could find true value and be used for hedging, and become an effective tool for preventing risks. stock index futures has a very fast development, and it has become a most important financial tool
股票指數期貨是20世紀80年代發展起來的新型衍生金融工具，具有價值發現、套期保值、套利、風險管理和豐富投資者投資手段的功能，是一種行之有效的避險工具。The standard finance theory holds that investors are rational, and the security market is efficient due to the possibility of perfect arbitrage, even if most of the investors are irrational
標準金融學認為，投資者是理性人，即使大部分投資者是非理性人，但是由於完美套利的存在，市場也將是有效市場。They will borrow money in low - yielding currencies to invest at higher yields elsewhere ( the carry trade )
他們會借入低收益率的貨幣然後投向其他相比而言高收益的貨幣資產（即融資套利交易） 。A portion of the portfolio of financial assets or financial liabilities that share the risk of interest rate of the same hedged ( only applicable to a portfolio of hedging in the fair value of interest rate risk )
（三）分擔同一被套期利率風險的金融資產或金融負債組合的一部分（僅適用於利率風險公允價值組合套期） 。" if the expectation takes hold that low interest rates will continue regardless of the situation of both prices and the economy, then that could invite inefficient allocation of capital including real estate and the yen carry trade, " he told the upper house ' s financial committee
福井俊彥對日本參議院金融委員會表示： "如果市場預期認為，無論物價和經濟狀況如何，日本都將保持低利率，那麼，這就可能鼓勵人們進行低效率的資產配置，如投資房地產和日元套利交易等。In the first chapter, we narrate the characteristic of convertible bond, give some clues about development and actuality of the market and its pricing theory ; in the second chapter, we introduce modeling idea and some material problems in the model in detail, draw the yield curve which is very important to the model by spline method ; in the third chapter, we first explain the basic idea and convergent speed of monte carlo method, then, give the mathematical description for financial market, prove equivalence of non - arbitrage market, existence of risk neutral probability measure in the market and the price process of underlying asset is a martingale ; in the forth section, we introduce how to simulate stock price path by monte carlo method in detail, based on foregoing result, we prove the path is a martingale, thereby, the model is logical
本文第一章先對可轉債的特點、市場發展和現狀及其定價理論的發展和現狀作一概述;第二章詳細介紹了建模思想和模型中的一些具體問題，利用spline方法繪出了在模型中具有重要作用的收益曲線;第三章首先敘述了montecarlo方法的基本思想和有關其收斂速度的一些性質，然後從數學的角度給出了對金融市場的描述，證明了市場無套利、市場存在風險中性概率測度及標的資產價格過程為鞅的等價性;在第四節中，對用montecarlo方法模擬的帶跳股價路徑作了詳細介紹，並利用前兩節的結論證明了模擬的帶跳股價路徑為一個鞅過程，從而保證了模型在理論上的合理性。Combined with the financial futures theory, accounting of corporation engaged in irfs is further discussed. and four kinds of irfs transaction including speculation, spread, arbitrage and hedge are studied in detail. accounting of arbitrage and accounting of spread, which are often ignored by most research on the derivative financial instruments ( dfis ) accounting, are also studied
對利率期貨投資企業會計，在現有衍生金融工具會計的研究中，大多對套利交易、套購交易會計問題採取存而不論的態度，本文按照交易方式將利率期貨交易進一步分為利率期貨純粹投機交易、套利交易、套購交易和套期保值交易四部分進行了嘗試性的討論。Chapter four control the stock investment risk, aims at the different types of risks discussed above, has constructed a systematic scheme to control the investment risk effectively. firstly, it utilizes basic analytic approach, the technological analytic approach and index system of the risk measurement to control individual stock ' s unsystematic risks in minimum ; secondly, it uses modern investment theory to dispel the unsystematic risks through combination investment. finally, our country should introduce the stock price index futures and so on in good time, utilize stock price index futures to hedge the stock portfolio and control the systematic risks of the stock portfolio, thus can finally realize the effective systematic controls on stock investment
第四章「證券投資風險的控制」 ，針對前面討論的不同種類的風險，構造k碩士學位論文物篇夕m引皿』 s 」 l 」 i壓引s一了個有效控制投資風險的系統方案：首先，利用基本分析法、技術分析法和風險度量指標體系，將單個證券的非系統性風險控制在最小；其次，利用現代投資理論，通過組合投資來消除非系統性風險；最後，我國應適時推出股票指數期貨等衍生余融工具，利用股指期貨對證券組合進行套期保值，就能控制證券組合的系統性風險，最終實現對證券投資風險的有效系統控制。On the contrary, behavioral finance contends that investors bias in their decision making systematically, and there isn ’ t such a thing as perfect arbitrage in the actual market ; as a result, these biases will have a bearing on the distribution of the return
而行為金融學認為，投資者進行決策時具有系統性偏差，而且完美套利並不存在，所以這些偏差將對證券市場收益率分佈產生直接的影響。Company staff warmly welcomes enterprises, financial institutions and individual investors securities full advantage of this investment vehicle for investment futures, arbitrage and speculative business, the company will be honest and efficient service to you and help you make good on the earnings
公司全體員工熱忱歡迎廣大企業、證券金融機構及個人投資者充分利用期貨這一投資工具進行保值、套利投機等業務，本公司將以誠實高效的服務獲得您的依賴並助您取得良好的收益。The pader stud ies the net outflows of capi ta1 trom farmers ， rural area and the county area through financial channel the farmers savings deposit is the most important source supporting the agricultural and rural econo 。 y in recently 22 years 。 the rural credit cooperatives （ rccs ） and rural post savings deposit organizations become the main chamels of the outflows of rural capital the outflows of capital from the county area are very large and the outflows do harm to the county s and rural economy another problem is the serious rural financial risks there are many kinds of llnanclal risks in rural area the reasons of the rural financial risks are very complicated nd the rural financial risks do harm to the rural financial organizations and the rural economy there is close relationship between rural financial risks and rural social stability there is great potential of risks in rccs and rural nongovermental financial institutions the deposit demands of farmers are satisfied basically but the loans demands of farmers are not satisfied the dlfflcultles of farmers financing （ esp loans ） from rural credit cooperative
問題的關鍵是如何充分利用有限的財政資金，政策性金融成為必然選擇，政策性金融是世界各國普遍運用的基本符合們協議要求的重要支持手段，必須按照「調整」與「加強」兩大思路，相應地調整和加強中國農村政策性金融。要盡快建立一套穩定的機制和渠道，一方面使農村金融機構吸收的農民儲蓄等農村資金能夠用於農村經濟發展而不致流失，另一方面要從外部增加對農業和農村經濟的資金注入。要從中國是一個發展中農業人口大國的實際國情出發，建立真正為「三農」服務的農村金融服務體系。Shareholder structure as a systemic error left over from history and our capital markets unique structural problems besetting china ' s long - term development of capital markets. excessive concentration of state - owned shares in the securities market in our country seriously affected the efficiency and the optimal allocation of resources in scientific management structure of listed companies to establish. may 2005, has more than 10 years of china ' s securities market, shareholder structure issue finally started
本文基於現代金融學無套利分析理論框架和數理模型方法，結合兩批46家試點公司的實際，從公司績效與股權分置關系、合理對價方案設計、投資主體間的博弈分析以及財富再分配效應等方面，系統研究股權分置改革所涉及到的經濟學問題。Although these new instruments can help people prevent lots of risks, they also provide the speculators with new arbitrage opportunities, and attract large amounts of hot money. as a result these would induce another innovative motivation to eliminate the new speculative risks
金融創新不僅提供了防範風險的功能，同時不同市場金融產品的價格差異也提供了極佳的投機套利的機會，吸引了大量的投機資本。Article 13 in the matter of a hedging in fair value of the interest rate risk of a portfolio of financial assets or financial liabilities, an asset or liability denominated in a certain currency ( such as rmb, us dollar or euro dollar ) may be designated as a hedged item
第十三條在金融資產或金融負債組合的利率風險公允價值套期中，可以將某貨幣金額（如人民幣、美元或歐元金額）的資產或負債指定為被套期項目。Behavioral finance is composed of two key factors : driven by irrational bias, part of investors behave irrationally ; and rational traders are of en powerless to correct deviations from fundermental value caused by irrational traders through hedging, this means that irrational expectation can have a substantial and long - lived impact on prices
行為金融理論包含兩個關鍵要素： （ 1 ）部分投資者由非理性或非標準偏好驅使而做出非理性行為； （ 2 ）具有標準偏好的理性投資者無法通過套利活動糾正非理性投資者造成的資產價格偏差。這意味著非理性預期可以長期、實質性影響金融資產的價格。Hedge funds have a natural inclination to buy higher - yielding ( and thus riskier ) instruments and sell low - yielding assets, since this delivers a positive income or “ carry ”
對沖基金天生傾向于賣出低收益的資產，購進高風險高收益的金融工具，以此取得正收益或者「套利」 。Article 20 for a hedging of interest rate risk, the enterprise shall, by formulating the maturity timetable of financial assets and financial liabilities, mark out the net risk of interest rate for each period and evaluate the hedging effectiveness accordingly
第二十條對利率風險進行套期的，企業可以通過編制金融資產和金融負債的到期時間表，標明每期的利率凈風險，據此對套期有效性進行評價。分享友人