證券莊家 的英文怎麼說
中文拼音 [zhèngquànzhuāngjiā]
證券莊家
英文
securities market maker-
Only market makers of eligible securities
-只有合資格證券的市場莊家The eight placing banks will act as market makers to quote firm bid prices for the three hkmc notes during office hours until the maturity of the bonds
該八家配售銀行將擔任市場莊家,于辦公時間內為該三組按揭證券公司債券報買入實價直至債券到期日。The eight placing banks will act as market makers to quote two - way prices for the three hkmc notes during business hours until maturity of the bonds
該八家配售銀行將擔任市場莊家,于辦公時間內為該三組按揭證券公司債券的買入價及賣出價報價,直至債券到期日。Presently the main investors of bond market are otc trading brokers bond dealers which includes hybrid securities firms, financial institutions, notes companies, trust investments and etc. among them, securities firms and note companies are the market - makers of our bond market and they are the contributors of market transaction scale and liquidity
目前債券市場的投資人主要為債券自營商,其結構包含綜合證券商銀行票券金融公司證券金融公司信託投資公司中華郵政公司等,其中又以綜合證券商與票券金融公司為債券交易主要的市場莊家market - maker ,其對市場成交量貢獻與流動性創造最為積極。In the more complicated cases of the debt and equity markets, where the investors actually take on the risk of the fund raisers, the roles of the financial intermediaries include the creation of the financial instruments in the primary markets the stock exchange and the underwriters of new share issues and the brokering of transactions in these instruments in the secondary markets the brokers and the market makers
至於在較復雜的債市及股市,投資者直接承受集資者的風險,金融中介人的角色則包括在第一市場創造金融工具即作為證券交易所及新股上市的包銷商,以及在第二市場促成這些工具的交易即作為經紀及市場莊家。In the first part, this paper began with a thorough and systematic research on market maker system. the futures market maker system is defined based on the securities market maker system. the paper also analyzed the type, function, operation and risk control of this system and clarified the wrong conception of market maker and manipulator
對做市商制度的類型、功能、運作機理、風險管理進行了闡述和分析,並澄清了把做市商混同為莊家的錯誤認識,對我國當前證券期貨市場在做市商制度研究和運用方面的探索進行了總結和回顧。Under the programme, the hkmc notes will be sold from time to time by tender to a group of market makers and recognized dealers appointed by the hkma
根據是項計劃,按揭證券公司票據將以不定期招標方式售予金管局指定的市場莊家及認可交易商。Under the hkmc note issuance programme, notes will be sold from time to time by tender to a group of appointed recognised dealers and market - makers
根據按揭證券公司的債券發行計劃,債券將不定期以招標方式,售予指定的認可交易商和市場莊家。The three placing banks will act as market makers to quote firm bid prices for the two hkmc notes during office hours
該三間配售銀行將擔任市場莊家,于辦公時間內為該兩組按揭證券公司債券報價,所報的買入價為實價。In light of the success of the market - making system in enhancing the secondary market liquidity of the exchange fund paper, the arrangement was extended to the notes of the mass transit railway corporation ( mtrc ), airport authority ( aa ), kowloon - canton railway corporation ( kcrc ) and the hong kong mortgage corporation limited ( hkmc )
鑒於市場莊家制確實增加了外匯基金票據及債券在第二市場的流動性,地下鐵路公司、機場管理局、九廣鐵路公司及香港按揭證券有限公司所發行的債券也採用這個制度。By extending the existing market - making arrangement of the exchange fund paper programme to these hkmc notes, market - makers are obliged to quote two - way prices for the hkmc notes during money market hours
由於該等債券的買賣是通過現有的外匯基金票據及債券市場莊家制度運作,因此在貨幣市場營運時間內,市場莊家須提供按揭證券公司債券的買入及賣出價。The first is the bid - offer spread ? the difference between the prices at which market makers are willing to buy and sell securities
第一項衡量標準就是差價? ?莊家願意買賣有價證券的價之間的差距。It involves the effect of the asymmetric information participants ’ behaviour including investors and companies on the stock market. the relationship between information asymmetry and stock prices is in essence the correlation between the change of stock prices and information revelation. stock prices as mentioned in this thesis, if not specified, refer to the equation prices under the condition of market clearing
諸如內幕交易、莊家炒作、劣質企業利用股票上市圈錢等問題曾經相當嚴重,這不但影響了廣大投資者投資證券市場的信心,更大大影響了證券市場配置經濟資源的效率,使資金不能流向優質公司。These securities will be covered by the existing market - making arrangements for exchange fund bills and notes and are eligible securities for repo under laf. this helps to enhance the liquidity of the paper and hence improve their attractiveness to investors
債券將透過現有的外匯基金票據及債券市場莊家制發行,並為流動資金調節機制回購協議的合資格證券,這將有助提高債券的流動性,從而增加對投資者的吸引力。The fact that the concentration of the stock holding substantially correlates the fluctuation of the stock price proves that bankers do exist and take control of the price in behind. given the existence of many illegal bankers, the market transactions are actually lack of liquidity in consideration of the stock exchange ratio and the price fluctuation. in additional, the volatility of the chinese stock market has ranked top lines in world major securities market
由於股票的集中度與股價的變動相關性很強,說明市場上確實可能存在較多莊家操縱股價的情況;正是這些非法莊家的大量存在,使得表面看似活躍的市場交易在考慮到換手率和股價波動的綜合因素后其實缺乏流動性;而中國股市的波動性十年來更是位居世界主要證券市場的前列。The third chapter first describes the operating mechanism of private funds, then focuses on practical methods to control the risks involved. comparatively speaking, china ' s private funds do n ' t have as many investment tools as their foreign counterparts and they mainly operate in the secondary stock market. as a result, the risks private funds confront are tremendous : private funds in china have no legal status, which indicates that the fund contract ca n ' t get proper legal protection ; the stock market has been far from perfect so that private funds have inadequate instruments to avoid risks ; the listed companies participating in private funds are vulnerable to risks ; private funds investors also confront the risks of unexpected policy change
我國的私募基金與國外相比,運作方式較為單一,主要在二級市場操作,大部分依靠作大成交量,獲取券商返還傭金來獲取收益,以跟莊、鎖倉、聯合坐莊為主要投資策略,以中線持股、波段炒作為主要戰術,這就決定了我國私募基金面臨著巨大的風險:我國私募基金沒有合法地位,基金契約合同不受法律保護;證券市場品種單一,沒有避空機制,期權、期貨等金融衍生工具甚至根本不存在;上市公司參與私募基金引致巨大風險;由於目前國家對私募基金的立法沒有正式出臺,投資者還面臨著政策調整的風險。There are also some abnormity in nowadays security market in chinaserious systematic risk embodied by abnormal fluctuating of stock price ; market maker " manipulating prevail on the background of imperfect information reveal system and regulation system ; market credit and interests and confidence of public investors impaired by the outstanding nonsystematic risk of individual stock
分析我國證券市場發展現狀,股市價格的異常波動幅度體現了嚴重的系統風險,在信息披露制度很不完善、監管體武漢理工大學碩士學位論文制不夠健全的背景下,流行「莊家」炒作行情,個股的非系統性風險非常突出,傷害了市場信用和公眾投資者的利益和信心。分享友人