證券發行成本 的英文怎麼說

中文拼音 [zhèngquànfāhángchéngběn]
證券發行成本 英文
cost of flotation
  • 證 : Ⅰ動詞（證明） prove; verify; demonstrate Ⅱ名詞1 （證據） evidence; proof; testimony; witness 2 （...
  • 發 : 名詞（頭發） hair
  • 行 : 行Ⅰ名詞1 （行列） line; row 2 （排行） seniority among brothers and sisters:你行幾? 我行三。where...
  • 成 : Ⅰ動詞1 （完成; 成功） accomplish; succeed 2 （成為; 變為） become; turn into 3 （成全） help comp...
  • 本 : i 名詞1 （草木的莖或根）stem or root of plants 2 （事物的根源）foundation; origin; basis 3 （本錢...
  • 證券 : bond; security; negotiable securities
  1. In this case, the bonds were not necessarily representative of any real assets, but the government ' s promise to pay interest and eventually repay the capital sum involved were backed by taxable capacity of the whole community, and, measured by the total amount of money which changes hands, the value of transactions in “ gilt - edged ” stocks now exceeds all the rest put together

    既然這樣，不動資產便不一定需要公債作為充要條件.但是政府兌現支付利息的承諾和他們最終是否能償還本金的問題，最後還是要回到整個社會的賦稅能力這個問題上.另外，以成功轉手交易的金額來衡量，政府發行的金邊股票（國債）的價值如今也遠遠超出其他所有證券的總和
  2. For the purpose of these conditions, securities shall include but not be limited to the following investments shares in companies incorporated in any jurisdiction ; debenture stock, loan stock, bonds, notes, certificates of deposit, commercial paper or other debt instruments, including government, public agency, municipal and corporate issues ; warrants to subscribe for the above investments ; depositary receipts or other types of instruments relating to the above investments ; unit trusts, mutual funds and similar schemes established in any jurisdiction, options, whether on any investment herein described, on currencies, precious metals or other assets, or an option on an option ; contracts for the purchase or sale at a pre - agreed price and at a future date of any investment herein described or any currency, precious metal or similar asset ; viii contracts for differences or contracts on indices ; investments which are similar or related to any of the foregoing ; and unless otherwise expressly agreed, documents of title or documents evidencing title to investments previously deposited by the customer with the bank in connection with the provision by the bank of custody of investments and provision of securities services

    此等條件所指的證券包括但不限於以下投資項目i在任何司法管轄權區注冊成立之公司之股份ii包括由政府公共機構市政府及企業所發行的債權股證貸款股額債券票據存款證商業票據或其他債務票據iii以上投資項目之認購權證iv有關上述投資項目之存款收據或其他種類之票據v在任何司法管轄權區成立之單位信託互惠基金及類似計劃vi上述之任何投資項目貨幣貴金屬或其他資產之期權或期權之期權vii按預先協定價格及在將來日期買賣任何此等投資項目或任何貨幣貴金屬或類似資產之合約viii差價合約或指數合約ix類似或有關上述任何一項之投資項目及x除非已另有明確的協定，客戶先前存放在本行之投資項目之所有權文件或可證明該等項目的所有權的其他文件。
  3. Grounded on analysis to the supervisory and regulatory practice in the usa, hong kong, common wealth and some other countries or distracts, the article holds the opinion that, to realize supervision to the deeds of stock market manipulation, the special entity shall be granted comparatively abroad and flexible power to stipulate regulatory rules and executory power that can provide regulators system and means to exert its professional supervision beforehand and its regulation in time. based on the above construe, with a view of the status in quo in our country, the article concludes on possible, approaches and ways for our country to consummate our supervision and regulation of stock market manipulation

    股票市場操縱行為的上述特徵使許多特定行為在不同時期、不同市場以不同形態出現，許多操縱行為與合法行為之間的界線不斷變化，基本的證券立法不可能對全部的操縱行為進行詳細規定，必須依賴監管者發揮其專業監管能力，正確處理保護投資者利益和維護市場有效性之間的，他們在2003年7月初步完成了題為（ （ whatw0rksinsecuritieslaws ） ） （ nberw0rkingpaper9882 ， july2003 ）的研究報告
  4. The foreign enterprise chosen is charles schwab, a famous online investment bank in usa and a doubtless model of electronizinig. our traditonal enterprises can learn much from charles schwab. this dissertation analyzed the electronizing moves it has taken in detail and the reason why it succeeded from 5 aspects, such as its management paid high recognition on internet and other information technologies, and implemented foresighted technology - development strategy

    國外案例選擇美國網上證券銀行嘉信理財，嘉信理財堪稱e化轉型的典範，它的一些做法對我國傳統企業有很大的借鑒和啟發價值，本文較詳盡地分析了嘉信理財的各種e化舉措，從決策層對科技與網路應用的高度重視和執行具前瞻性的科技發展策略等5方面探討其成功原因。
  5. Using the net assets per capital, the investment return rate, the t - m model, the h - m model, the single factor evaluating model which consists of the treynor index, the jensen index, the sharpe index and the square m index, we evaluate the performance of the twelve mutual funds. and we come to the following conclusions : ( 1 ) after the modification of the risk factor, our mutual funds in the recent one year outguess the market ; ( 2 ) better performance comes from the aid of the government, the improvement of the investment environment and the hard, smart work of the managers especially in the way of selecting some securities in the capital market. ( 3 ) though we make progress, there are still many problems which prevent the further development of our mutual funds such as the devise of the management fee and the characteristics of different funds, all of them divided into the subjective ones and the objective ones

    通過使用投資基金單位凈資產和投資收益率指標、單因素整體績效評估模型，包括treynor指數、 jensen指數、 sharpe指數和業績的m ~ 2測度以及t - m 、 h - m模型對12隻樣本基金進行實證研究，實證研究表明： （ 1 ）經過風險調整后，在最近的一年中，我國證券投資基金的業績總體上優於市場基準組合； （ 2 ）基金業績的提高得益於管理層的重視、投資環境的改善和基金經理的經營，而基金經理的良好業績是通過一定的證券選擇來獲得的； （ 3 ）已成為證券市場上舉足輕重力量的基金在發展過程中雖然取得了一定的成績但其進一步發展還面臨著許多問題，有主觀存在的諸如管理費率的設定、基金風格方面的問題等等，也有客觀存在的諸如證券市場現階段的不完善等等，所以，我們應該抓住《證券投資基金法》問世帶給基金業發展的契機，大力促進證券投資基金規范發展，採取各種措施做大、做優和做強基金業。
  6. The direct result of the insurance securitization is that a great quantity of capital can be attracted to flow into the insurance market, which will offer the investors the new, risk - separate investing channel and play an enormous role in improving the capital constitution of the financial industry and promoting the effective flow of the capital combined with the new changes of the calamity risk in the insurance industry both catastrophe internal and international, it is more important to securitize the insurance of the catastrophe risk

    保險證券化的一個直接結果是可以吸引大量資本流向保險市場，為投資者提供新的、風險獨立的投資渠道，對改善金融市場的資本構成，促進資本的有效流動將會發揮巨大的作用。結合國際國內保險業巨災風險的新變化，對巨災保險進行證券化尤為重要。
  7. Without preferred stock, stock warrant and treasury stock, our countries " listed companies are lame. it is important for our country to carry out the exchanging businesses of preferred stock, stock warrant and treasury stock. it will not only avail in improving the capital stock structure of listed companies, but also give play to the capital mechanism in society resource distribution

    優先股、認股權證、庫藏股都是股份制企業或上市公司不可或缺的品種或組成部分，並且在國外證券市場上起著不可替代的作用，而中國市場經濟條件下的股份有限公司只有普通股設置，是跛足而行，因此，也須設置優先股，並同時開展認股權證交易及鼓勵庫藏股交易，進行證券市場金融工具創新，從而改善上市公司的股本結構，充分發揮資本機制在社會資源配置中的功能和作用。
  8. Market manipulation generally refers to such practices as wash sale, matched orders or rigged prices. these practices are all ultimately intended to produce a market for the securities, which has little or no bearing on the true value of the securities based on the real business of the issuer and its true prospects. that is to say, market manipulation violates the integrity of the market because it alters the independent trading and pricing mechanisms of the market

    從私法的角度言之，操縱市場行為嚴重地侵害了證券市場上廣大投資者的合法權益，因而，不同國家和地區的證券立法在禁止操縱市場行為的同時，大都注重發揮操縱市場的民事責任制度的功能，對操縱市場行為的受害人的合法民事權益給予私法上的救濟，並加大違法行為人的違法成本，以有效地遏制或制裁操縱市場的違法行為。
  9. Based on the difference in the securities repayment structure, the securitization tools can be divided into pass - through securities, mortgage - backed bonds and pay - through securities. the emergence of asset securitization has brought with it enormous economic benefits. it will lead to the optimization of financial structure, the construction of a

    首先，本文介紹了資產證券化在國內外的發展，在建行、國開行資產證券化試點工作完成以前，我國資產證券化實踐已經有了一定的發展，雖然相關的產品設計以及法律制度還不完善，但這些實踐給我
  10. The hkma also established a mortgage corporation to promote monetary and banking stability as well as the growth of the local debt market

    金融管理局亦成立了按揭證券公司，以鞏固貨幣和銀行體系的穩定性，以及促進本港債務市場的發展。
  11. The illegal environment of chinese security market, the governance defect of the listed companies and the imperfection of the self - disciplining organization are the main factors which lead to the low inevitable illegal cost of the lawbreakers, and the security legislation and judicature problems, the supervision defect and the blocked channels to the supervision by the media and the masses etc. are

    而導致我國證券市場違法的可能性成本較低的原因有：證券立法不完備；在司法過程中沒有全面發揮法律責任的功能；證監會角色定位模糊，監管理念不清；媒體和社會大眾對證券違法行為的監督渠道不暢等。
  12. National debt national debt is issued by the government assure to repay captital with interest, the risk is spent small, be called " gilt - edged bond ", have cost low, fluidity stronger, reliability is more advanced characteristic ; in national debt 2 extremely do on the market do more empty, those who do is the balance of national debt interest rate and market money rate only, the scope that fluctuates up and down is very little

    國債國債由政府發行保證還本付息，風險度小，被稱為「金邊債券」 ，具有成本低、流動性更強、可信度更高等特點；在國債二極市場上做多做空，做的只是國債利率與市場利率的差額，上下波動的幅度很小。
  13. The thesis defines the concept of asset securitization, expounds characteristic and the condition to use. analyses the relationship between the choice of financing tool and the firm value, express max firm value is a good standard to weigh the tool. then, through the ri model and finance theory, the thesis explains the motivations of asset securitization, demonstrates the influence effect on firm value by qualitative and quantitative analysis of cost - benefit of corporate asset securitization, and discusses the role of asset securitization to solve corporate financing puzzle and the future of asset securitization in our country

    本文首先提出我國企業面臨的融資困境的實質是企業資本結構的不合理以及融資渠道單一影響的，即融資工具不能實現企業價值最大化;在對資產證券化的概念進行界定后，闡述了關于資產證券化的特徵，明確了資產證券化的特點和使用條件;分析了資產證券化工具的選擇與企業價值之間的關系，提出了企業價值最大化是衡量企業融資工具選擇是否合理的標準，為企業通過資產證券化融資提升企業價值提供了理論準備;然後，運用現代財務理論和剩餘收益模型，通過對我國企業資產證券化的實踐進行成本收益的定性和定量的效果分析，論證企業資產證券化對企業價值的影響效果;最後論述了我國實施資產證券化的現狀和未來發展，並且對我國實施資產證券化的具體方式提出了新的構想。
  14. The tax on securities exchange can influence investors " decision and behavior directly through increasing or decreasing the cost of transaction. so it can affect the development of securities market

    證券交易稅是不論證券交易盈虧，一律按稅率全額課征，因而，它可以通過增減證券交易成本，直接影響投資者的交易決策與交易行為，從而影響證券市場的發展。
  15. Enterprises need outsourcing capital of low - risk and low - cost to extend, the security issue and the market in which the security is sold to the investors are necessary to the enterprise ' s accumulating and distributing capital. the security market lets the enterprises get rid of excessive dependence on the bank, and realize the diversity choices of financing. the market chooses out the enterprises in the industries which have latent capacity and outstanding achievement, gives the enterprises capital sustenance for deep development by security financing, and finally promotes the industry development by supporting the core - enterprises in the industries

    證券市場的出現，創造了一個金融與微觀主體的投資活動直接相聯系的機制，企業擴張需要低風險和低成本的外源資本，證券發行和把證券出售給投資者的市場對于企業積累和配置資本來說必不可少，證券市場使企業擺脫了對銀行融資的過度依賴實現了融資選擇的多樣化，證券市場把產業中具有發展潛力有成長業績的企業挑選出來，通過證券融資使其獲得進一步發展的資金支持，通過扶持產業內的核心企業促進了產業成長。
  16. With the establishment of a special kind of organization - - spy ( special purpose vehicle ), bonds can be issued to the public, and then the fund corrected in this way is to be used to buy the housing - mortgaged loans granted by the banks and the capital and interests of the issued bonds will be paid back with the borrowers " payment for the loan capital and interests

    證券化最早的形式是融資證券化，即資金需求者通過在資本市場和貨幣市場上發行證券向投資者籌資的直接融資方式，這種融資證券化形成了目前傳統的證券市場。后來，隨著金融市場大量不動產抵押貸款、汽車抵押貸款、消費貸款和信用卡業務的發展，金融存款機構的資金來源不能滿足房地產抵押貸款等業務的需要。
  17. Investment bank is a kind of financial intermediate agency in modern capital market specializing in such businesses as security issuing and underwriting, security managing, corporation merger, project financing, corporation financial transition conducting, and investment management, etc. the history of western economics, taken from a longitudinal view, is in fact a process of western investment from have - not to have, and strengthening to the soul and core of capital market

    投資銀行， investmentbank ，是一種專門從事證券發行承銷、證券經紀、企業並購、項目融資、投資管理等業務現代資本市場上重要的金融中介機構。綜觀西方國家資本市場和經濟發展史，投資銀行從無到有、逐漸發展壯大成為資本市場的靈魂和核心，企業並購已成為現代投資銀行的核心業務。
  18. At the end of 1999, the hkmc has successfully issued a total of $ 11. 4 billion of unsecured debts through its $ 20 billion note issuance programme ( nip ) and $ 20 billion debt issuance programme ( dip ), making it one of the most active issuers of hong kong dollar fixed rate securities

    一九九九年年底，按揭證券公司透過本身的200億元債券發行計劃和200億元債務工具發行計劃，成功發行合共114億元無抵押債券，成為最活躍的港元定息債券發行人之一。
  19. The conclusion is that corporate asset securitization high up the fluidity of asset, lows property ratio of debt to net worth, provides a continual liquidity supplement, highs up firm value. secondly, it provides new channel that has lower cost by breaking through the restriction of traditional financing instruments. asset securitization is an off balance - sheet financing manner, it would not disperses control of stockholder

    本文通過論證得出了如下結論: 1 .在正確的使用資產證券化這一融資工具的條件下，資產證券化提高了企業資產的流動性，降低了資產負債率，也為企業提供了一種長期的資產流動性補償機制，可改善企業資本結構，提高了企業價值; 2 .資產證券化為企業開辟了有別于股票和債券發行等融資方式融資成本較低的資本市場。
  20. Though it is arguably the job of congress, not the supreme court, to worry about the competitiveness of america ' s capital markets, that was clearly on the minds of the majority of the justices, who observed that, had they favoured the investors, “ overseas firms with no other exposure to our securities laws could be deterred from doing business here. . this, in turn, may raise the cost of being a publicly traded company under our law and shift securities offerings away from domestic capital markets

    雖然可以抗辯說擔心美國資本市場競爭力是國會的責任，不是最高法院的職責，且大部分大法官也是清楚地知道這點的，但是他們知道若是他們支持投資者，則「沒有其他渠道接觸本國證券法的海外公司可能會止步…而這反過來會增加公司在本國法下公開上市交易的成本而使證券發行逃離本國資本市場。 」
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