capital market rate 中文意思是什麼
capital market rate
解釋
資本市場利率-
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。 -
Meanwhile, the deep reformation of capital market and investment and financing system, the quick marketization process of interest rate, the wide application of electronic businesses in governments and enterprises, and the continuously changed consumer behavior and family financing thought make the banks have more opportunities to get profit
商業銀行傳統資產負債業務的獲利空間逐漸縮小。而隨著資本市場、投融資體制改革的深化，利率市場化進程加快，電子商務在政府和企業得到廣泛運用，居民消費行為和家庭理財觀念不斷變化，這些則為銀行業打開了一個新的獲利空間。 -
Under legal constraints or unavailable to find a customized contract in the capital market, we suggest a method of synthetic basket put to insure the investment portfolio which is claimed to match the minimum required rate of return by the investors
在法令限制，或者是在資本市場上無法找到符合投資組合需求之契約的情形下，我們提供了一個利用復制組合型賣權來保障投資組合的方法，同時此投資組合亦能滿足投資人最低報酬率的要求。 -
In order to open up a patch for the china ' s monetary policy transmission in open economy system, we should reform the current pegged exchange rate system, make interest rate marketlization and propel the development of capital market
它的實施，將增強我國貨幣政策經由資本市場傳導的效率。疏通我國開放經濟條件下貨幣政策傳導的政策建議有：改革現行匯率制度；實施利率市場化；完善發展資本市場等。 -
With the social and economic development and changing, china ' s joining the wto in particular, the environment in which the insurance operating changes greatly. the fluctuation of interest rate, rise of loss ratio, development of capital market and competence of international insurance magnate, all of these make insurance investment necessary and important to china ' s insurance company. in facing the competition, insurance companies now attach a great importance to insurance investment strategy
我國保險業經過近20年的發展取得了長足的進步，保險公司積累了大量的可以運用的資金，隨著我國經濟環境的改變和保險業的對外開放尤其是我國加入世貿組織，保險業的經營環境發生了根本變化，我國保險賠付率的上升、銀行利率的變化、資本市場的發展、國外保險巨頭的競爭以及投保人要求的提高，使得保險基金投資對我國保險公司的生存和發展具有越來越重要的意義，良好的投資收益成為保險公司贏得競爭的最重要環節。 -
From the second to the fifth chapter such problems concerning state - owned property right are illustrated respectively as its definition, valuation and price fixing and capital sources of undertaking party and the disposal and use of transfer income. problems are raised with regard to the process of current property right system diversity in state - owned enterprises, such as the disagreement to the definition of state - owned property right, no standard of evaluation, imperfection of price fixing system and relative confusion of transfer income disposal and use. what ' s more, new solutions are offered : the probe into state - owned property right definition " changsha model " is confirmed positively ; two specific ways of quantification - - " the method of average growth rate of state - owned property right " and " the method of average cost of labor in market " ; the concept " present value of earnings " is applied to the property evaluation of receivable accounts, finished goods, invisible assets and so on ; the unjust in price fixing of state - owned property right can be avoided by improving property valuation methods, perfecting capital market especially property right trading market and bettering information publishing system ; as to the guarantee problem of human resources financial contribution, an original key is offered
第一章運用產權理論對國企產權多元化改革進行經濟學分析；第二章至第五章主要圍繞國有產權的界定問題、評估問題、定價問題、承接方的資金來源問題、轉讓收入的處置運用問題分別進行闡述，指出了當前國企產權多元化過程中存在著國有產權界定不統一、評估不規范、定價機制不完善、處置運用相對混亂等諸多問題，並提出新的解決思路：肯定國有產權界定「長沙模式」的積極探索意義，提出量化職工創造剩餘價值的「國有資產平均增長率法」和「平均市場勞動成本法」 ；將「收益現值」概念運用到對應收賬款、產成品、無形資產等資產評估之中；應從完善資產評估方法、完善資本市場特別是產權交易市場和健全信息公開機制三個方面來解決國有產權定價不公問題；就人力資本出資的擔保問題提出實際債務承擔額（比例）應小於名義出資額（比例）的新思路，並認為人力資本市場上的交易價格應包括絕對出資額和相對出資額兩部分。 -
From the viewpoint of the interactive relationship between modern pension scheme and productivity, this paper observed the function and prospect of occupational pensions in china within a background consisting of population structure, labor productivity, and finance environment, utilized simulation and scenario analysis in actuarial models to estimate and analyze the effect of occupational pensions in the replacement rate of urban retired employees, then pointed out the magnification effect of occupational pensions in increasing the replacement rate and the higher efficiency in improving retirement income of urban retired employees. it also predicted the size expectation of occupational pensions during 2002 - 2010 in china, described the function of occupational pensions in developing the capital market and improving the labor productivity, especially emphasized the higher probability of occupational pensions to play the role of institutional investors compared with basic pension. in short, this paper proved the positive meaning of developing occupational pensions from micro - level and macro - level respectively, and brought forward corresponding policy suggestions
本文立足於現代社會養老保險制度與生產力之間的互動關系這一視角，把對我國企業年金作用與發展空間的考察置於包括人口結構、勞動生產率、金融環境等諸多因素的經濟大背景下，在精算模型中運用模擬（ simulation ）和情景分析方法，對企業年金對我國退休職工養老保險收入替代率的影響進行了定量分析和預測，指出了企業年金在提高退休職工收入替代率方面的放大作用，以及比基本養老保險在提高退休職工收入方面的更高效率；並對我國企業年金2002年- 2010年的預計發展規模做了預測，闡述了企業年金對我國發展資本市場和提高勞動生產率的意義，著重指出了企業年金較之基本養老保險基金充當資本市場機構投資者的更大可能性。 -
The risk discount rate of shaanxi relics tourist project finance is based on the theory of capital asset pricing model, and accorded with capital market joined in the project. founded upon the research of risk - free rate ( rf ), capital market average advantage rate ( rm ), risk coefficient ( ) and etc. this discount is the basic payoff that can reflect risk and earning in relics tourist project correctly. to define this risk discount rate has a practical significance for large relics tourism project, also, it is instructive to the negotirfim befor the project, the control of risk periold of exercise and the completion of the project
陜西遺址旅遊項目融資風險貼現率的確定是以資本資產定價模型為理論基礎，以與項目相關的資本市場為依據，在對項目的無風險收益率r _ （ f ， ）資本市場平均收益率r _ （ m ， ）和項目風險系數等參數的定量研究的基礎上分析得來的能正確反映陜西遺址旅遊項目開發過程中的風險與收益之間關系的期望收益率。 -
The current urban pension scheme in china has high implicate rate of return. therefore the partial - funded program is still a good solution for our old age insurance selection. at least in a short period, we ' d better strive for the more feasible condition and environment, such as development of the capital market, depressing the substitution level of the pension along with pension reform
俄向均衡測算的基礎上，對上海的城鎮養老保險制度改革做出了如下的判斷：養老保險制度的變遷具有較強的路徑依賴性，現階段，統帳結合的養老保險制度具有相當高的內生口報率，總體上仍然是一個相當有效的制度，而且。 -
The commercial bank can revitalize stock assets, increase the number of financing channels, decrease the asset - liability ratio, raise the rate of capital sufficiency and have a close relationship to the capital market through the securitization of home loans
通過住房貸款證券化，商業銀行可以盤活存量資產；增加融資渠道；降低資產負債率；提高資本充足率；密切與資本市場的聯系。 -
Thus, it is necessary for insurance market, money market and capital market to joint together. however, the development of insurance industry is confronted with some new challenges, such as more complicated environment, more risks ( credit, interest rate, exchange rate, stock price change and inflation are inexpectantly affecting the asset / liabilities value of insurance company ), more complicated insurance products and the services, increasingly internationalization of insurance company management and the widespread application of the information technology in the insurance business
保險市場與貨幣、資本市場接軌成為必然趨勢，保險業也面臨著新的挑戰:一是保險業面臨更復雜的風險因素;二是金融市場的風險日益擴大，利率、匯率、股價變動、通貨膨脹等風險以及信用風險前所未有地影響著保險公司資產/負債價值;三是保險產品和服務更為復雜;四是保險經營的國際化程度大大提高;五是信息技術在保險業得到廣泛應用。 -
At the same time, made amen dements and promotions to the price equation and the conclusions. this article can be divided into four parts : the first part ( chapterl, 2 ) analyzed the transferable channel of interest and exchange rate, the principle of general price transferable system and the formation of equilibrium of transferable system of general price and the formation of equilibrium of them in the money market, capital market and foreign exchange market. the second part ( chapters, 4 ) probes transferable system of the security an bond price from theoretical and practical aspects
本文分為四個部分：第一部分（第一章，第二章）分析利率、匯率的傳導途徑，探討利率和匯率在貨幣市場、資本市場、外匯市場的一般價格傳導原理及均衡關系的形成，對mundellflemingmodel在資本流動沖擊下的模型進行了修正，並給出了開放條件下匯率和利率對證券價格（以債券為代表）產生影響的基本模型。 -
When bank needs to raise its capital adequacy rate, considering financial cost and capacity of capital market, the best choice of bank is the issuance of long - secondary debt or stock, the following choice is fine loan - backed securitization, and non - performing asset securitization is the last choice. bank should try its best to avoid non - performing mortgage - backed securitization
然而，若要為銀行資本充足狀況帶來相同程度的改善，需要發行的資產支持證券規模將會數倍于所需的次級債或股票，這也間接說明資產證券化對資本充足率的改善效果要遠遠差於發行次級債或股票。 -
The capital market internationalization which should possess some conditions, is restricted by a series of economical, political and law regulations. it is not only related to the growth of the capital market itself, but also related to the certain degree of its opening - up, the supply & demand of capital, exchange rate regime and the international capital flow
一國資本市場的國際化，必須具備一定的條件，受制於一系列經濟、政治和法律法規的約束，既與該國的資本市場本身的發育程度有關，也與該國的對外開放程度、資金供求狀況、外匯制度及國際資本流動等因素相關。 -
In the condition of perfect capital market, firm s average net cost is a definite quanity. namely, power and profit net cost of no liability firm. it is no relation to capital structure. but power and profit net cost of liability firm shareholder is added with liability rate improved. so firm value is no relation to capital structure ; firm value depends only on firm ' s future surplus. the more future surplus is, the more firm ' value is ; the less future surplus is, the less firm ' s value is
在完善的資本市場條件下，企業的平均成本是一個定量，即為：無負債企業股東權益成本，從而與資本結構無關，負債企業股東的權益成本，則是隨負債率的提高而上升。因此，企業價值與資本結構無關。企業價值只取決于企業未來的盈餘，未來的盈餘多，則企業的價值大，未來的盈餘少，則企業的價值小。 -
In a context of modern capital market, the first issue that must be solved in a firm ' s equity financing is to determine the systematic risk of equity capital compared with the entire market, and further to obtain the reasonable level of rate of return to equity investors
摘要在現代資本市場條件下，企業股權融資要解決的一個首要問題是確定企業股權資本相對于整個市場的風險水平，進而確定企業應該向股權投資者提供的回報水平。 -
By analyzing the channels of china ' s s - i financial transformation mechanism at present, we can see that there are some barriers in s - i financial transformation mechanism : asymmetrical structure between finance and economy, the reform of state - owned bank, unreliable trust, the unbalance and disorder of capital market and weak effect of interest rate policy etc.
根據對當前我國儲蓄?投資轉化金融機制的渠道分析，可以看出當前存在的主要轉化障礙有:金融結構與經濟結構不對稱、國有商業銀行改革不到位、市場信用障礙、資本市場發展失衡與不規范和利率政策傳導不暢等。 -
The classic exchange rate determination theory includes the theory of purchasing power parity and the theory of interest - rate parity. as the main part of modern exchange rate determination theory, the capital market method of exchange rate determination theory includes the currency model which includes elastic price model and viscous price model, the currency substitution model and the portfolio model. the contemporary exchange rate determination theory includes the speculation foam theory, the news model and the chaotic model
經典匯率決定理論主要是指購買力平價理論和利率平價理論；現代匯率決定理論主要是指匯率決定理論的資產市場方法，包括：貨幣模型、貨幣替代模型和資產組合模型，其中貨幣模型可以分為彈性價格模型和粘性價格模型；當代匯率決定理論主要包括：投機泡沫理論、新聞模型和混沌分析方法。 -
Lastly, it analyses the management methods of credit risk, market risk and operation risk of our commercial banks : in the section of the credit risk, it begins with risk recognition, introduces the difficulties of establishing the internal ratings - based approach of our commercial bank and puts forward the management thinkings from the five respects : the setup of irb, credit culture establishment, the modification of information announcement, the innovation of credit management tools and improvement of the capital adequate rate. in the section of market risk, it introduces the reason of strengthening its management of the whole world and our country, analyses the most important method - var and then discusses its operation inour country commercial banks. in the section of the operation risk, it defines the internal meaning, analyses the different measure means, points out current pressure of our commercial bank ' s facing and finally proposes the rightful operation risk management tactics combining the actual situation of our country
首先是對新協議本身的研究，介紹了巴塞爾協議的邏輯演進、新協議的主要內容及主要特徵；其次從最低資本要求、監督部門的監督檢查和市場約束三大支柱入手，分析新協議對我國商業銀行風險管理可能產生的不利影響；最後分析了新協議框架下我國商業銀行信用風險、市場風險和操作風險的管理思路：信用風險部分從對其的識別分析入手，介紹了我國商業銀行建立內部評級法的必然性，最後從內部評級體系的構建、良好信用管理文化的建立、信用風險的信息披露改進、信用管理工具創新和提高資本充足率、構建統一的風險管理組織結構六個方面提出了我國商業銀行信用風險的管理途徑；市場風險部分介紹了全球以及我國加強其管理的原因，對當前市場風險管理的主流方法? ? var方法進行了詳細的闡述，並進而對var方法應用於我國商業銀行市場風險管理中的若干問題進行了探討；操作風險部分在正確界定其內涵的基礎上，重點分析了各種計量方法，並指出現階段我國商業銀行加強操作風險管理的緊迫性，最後並結合我國的實際情況提出了合理的操作風險管理策略。 -
In order to improve the effectiveness of monetary policy and accelerate economy growth in china, we can make more efforts on monetary transmission tunnels smoothness, capital market development and the liberalization of interest rate besides expanding money supply to increase demands
因而，貨幣政策為經濟增長服務不應只注重通過貨幣供應量的增加來滿足擴大需求的目的，對我國而言更重要的是疏導貨幣政策傳導機制，發展資本市場，加快利率市場化的實現，進而提高貨幣政策的有效性。
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