financing economic development 中文意思是什麼

financing economic development 解釋
經濟發展之融資
  • financing : n. 資金的籌措,理財。
  • economic : adj. 1. 經濟學的;經濟(上)的;實用的。2. 〈罕用語〉經濟的,節儉的。3. 〈委婉語〉故意隱瞞的。
  • development : n. 1. 發展,發達;進化。2. 展開;擴充;開發。3. 發達物,新事物,發展階段。4. 【生物學】發育(史);【軍,數】展開;【攝影】顯影,顯像;【音樂】展開(部);研製,研製成果。
  1. With the rapid development of the security stock market especially the stock market in chian , issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time , more and more investors are attracted by the relately high initial return of stock however , the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks , most new issues had great raise in the first trade day , and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections : in the first part , we introduced the method of the estimate of pricing decision ; in the second part , we analyzed the method of the pricing decision and issuing system in china , discussed the advantage and weakness of the various issuing methods , and compared the economic efficiency between the examine and approve system and authorization system ; in the third part , we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets , we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part , we analyzed the data of chinese stock market with spss , made a analysis of the administrative pricing decision and market pricing decision , studied the underpricing phenomena of chinese stock market , and analyzed it ' s causes ; in the fifth part , we made a analysis of the examine approve system and authorization system ; and in the last part , we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation : ( 1 ) from the results of this empirical study , we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares , the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ; ( 2 ) we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system , there is no significant difference among the underpricing of shares , but considered with the market entironment , we think that the ipo ' s underpricing has been correspondingly reduced ( 3 ) to reduce difference between the primary market and the second market , we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible

    本文的主體由六個部分組成:第一部分介紹新股發行定價的估值方法;第二部分對我國的發行定價方式和發行制度進行分析,探討不同發行定價方式的優缺點,以及審批制和核準制經濟效率分析;第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因,並結合我國股票市場實際情況,分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的;第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析,主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析,以及新股發行行政化和市場化定價方式的比較實證分析;第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析;第六部分是本論文的主要結論。本文的主要結論和建議有: ( 1 )從實證分析結果看,我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系,與發行規模、申購中簽率等呈顯著反向關系。 ( 2 )取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平,只是由於市場環境的因素,發行抑價的相對水平才有所降低。
  2. Transnormal development of higher education is required by economic growth in china, with knowledge economy approaching. so recruitment expanding and tuition charging are the necessary choices. more and more higher levels of tuition in recent years have broken the equalization of opportunity, which makes that nowadays education financing has brought social attention widely

    隨著知識經濟的臨近,超常規發展高等教育成為我國經濟社會發展的客觀要求,擴招收費是擴大高等教育規模的必然選擇,然而,收費標準的節節攀升影響了教育機會均等的實現,使教育資助引起社會的普遍關注。
  3. The above problems and difficulties could be solved through the following perspectives : attaching great importance to the development of the non - public sectors of the forest economy ; quickening the system innovation and forestry legislation ; cultivating market of living trees ; establishing organizations for evaluating forest resources ; improving the circulating services ; expanding channels of financing ; encouraging the qualified non - public sectors of the forest enterprise to become listed companies ; allowing forest to be mortgaged as assets, guiding the social investment in forestry with the economic leverage ; developing leading enterprises and implementing the operation model of " companies, bases and farmer households " ; and improving the socialized forestry service systems

    通過調研,作者認為應從以下幾方面著手解決上述問題:把發展非公有制林業經濟作為今後一個時期林業工作的戰略重點,加快創新機制和林業法律法規的建設;培育活立木市場,建立森林資源評估機構,做好流轉服務工作;拓寬融資管道,鼓勵具備條件的非公有制林業企業上市融資;允許林木資產以抵鉀形式向銀行貨款;運用經濟杠桿作用,引導社會參與投資;培育龍頭企業,實施「公司+基地+農戶」的經營方式;健全林業社會化服務體系。
  4. In recent years, asset - backed securitization has become a topic of the economic and financial domain in our nation, as a financial innovation, the application of asset - backed securitization in china will not only accelerate the effective circulation of financing, but also abate the risk of liquidity and the pressure of capital sufficiency on the commercial banks, furthermore, it will accelerate our financial system reform, improve the efficiency of financial market, and quicken the step of capital market internationalization and modernization, it is of great practical significance to import and use the asset - backed securitization for the economy and finance development in china, although, thee are some foreign models for asset - backed securitization, but the factors which influence the securitization in china are very different from those of foreign countries, we should n ' t copy word for word foreign models, therefore, it is worthy of probing and researching a model, which meets the situation in china nicely

    資產證券化作為一種金融創新,對于深化投融資體制改革,提高資產流動性、分散風險、提供新的投融資品種以及優化資源配置等具有重要作用。積極引入資產證券化並運用這一金融創新工具,將對我國經濟金融的發展有著重大的現實意義。資產證券化雖然有國外的模式可以借鑒,但是由於我國影響證券化的許多具體因素與國外很不相同,因此不可以照抄照搬國外的模式,應該從實踐的角度,根據我國的自身特點以及與證券有關的環境因素,來探索適合我國國情的資產證券化模式。
  5. But traced to the source lies in financing the difficulty to hinder the private economic fast development

    而究其根源在於融資的困難阻礙了民營經濟的快速發展。
  6. Water resources management system is one of key factors to restrict high efficient use of water resources, self - financing irriagation and drainage district is a new - type model on water resources management in countryside, distribution and engineering management generalized by world bank in china, by constructing water supplying company or water supplying units and water using association, establishes water supplying, using water, engineering management systems and institutions according with economic mechanism oriented to marketing to realize self - financing and good cycle, high efficient use of water resources, good running of engineering, so that it promotes sustainable development of middle - small irrigation works and irriagation district

    水資源管理體制是制約水資源高效利用的關鍵因素之一。經濟自立灌排區( sidd )是世界銀行在我國推廣的一種新型的農村水資源管理、分配及工程管理的新模式,它通過組建供水公司( wsc )或供水單位( wso )和農民用水者協會( wua ) ,建立符合市場經濟機制的供水、用水、工程管理體系和制度,實現灌區的經濟自立和良性循環,實現了水資源的高效利用和工程的良性運行,使農村中小型水利工程和灌區能持續發展。
  7. First, the author reviewed the related literature of asset securitization, explained the connotation and the economical significance of asset securitization from many angles, analyzed several essential technologies of asset securitization through using the enterprise financing theory, the financial theory, the system economic theory and the law of averages, constructed a flow chart to analyze the structure and the flow of the operation of asset securitization ; then the author analyses the overseas development tendency as well as the overseas concrete procedure of non - performing loans securitization, proposed several enlightenment ; once more, the author analyzed our country ’ s feasibility of npls, then elaborated emphatically the operation thought of npls of our country commercial bank : regarding the establishment of spv, thought that it most suit the our country current national condition current through pouring the capital to adopt company spv the pattern in our country by the national property management company, and elaborated how to construct and manage the property pond, put forward many kinds of ways of credit enhance for non - performing loans, thought it is the best choice that the product of npls is designed for cmo, the senior bond adopts the public issue, the secondary bond adopt private issue

    首先,本文回顧了資產證券化研究的相關文獻,從多個角度闡釋了資產證券化的內涵和經濟意義,運用企業融資理論、金融理論、制度經濟學理論和大數定律剖析了資產證券化的幾項關鍵技術,構建了一個資產證券化流程圖來分析資產證券化運作的結構與流程;接著通過分析國外不良貸款證券化發展趨勢以及具體做法,提出了幾點啟示;再次,分析了我國不良貸款證券化的可行性,然後著重論述我國商業銀行不良貸款證券化的運作思路:對于spv的設立,認為在我國由國家資產管理公司注資採取公司型spv的模式最適合我國當前的國情;並論述了資產池的構建與管理;提出了對不良貸款進行信用增級的多種方式;認為將不良貸款證券化產品設計為抵押擔保債券,高級債券採取公開發行,次級債券採取私募發行是最佳選擇。
  8. Non - state hi - tech enterprises are playing an important role in china " s economic development, although 97. 43 percent of them are medium - sized and small enterprises, according to the revenue statistics of 2000. financing is defined as getting fund from outside in this thesis and includes fiscal financing, credit financing, commercial financing and capital financing

    本文所論的融資,是指企業外源融資,具體的融資方式包括:財政融資,銀行融資,商業融資(主要是融資租賃) ,證券融資(權益性證券融資? ?以風險投資為主的私募和公開募集,債務性證券融資)四種。
  9. So the thesis tries to explore the economic explanation of the development of venture capital financing, based on neoinstitutional economics, game theory and information economics

    因此,本文以制度經濟學、博弈論、信息經濟學等理論為依據,力圖從制度層面尋求風險資本融資發展的經濟學解釋。
  10. Secondly, the article sets forth the development of our listing companies and stock market, and emphasis on the analysis of its systemic defections. such as complicated stock structure, weak fluidity of stock, special structure of corporate governance, weak validity of stock market, unreasonable system of stock issue, low correlation between stock market and economic development, over speculation, poor financing effect of foreign stock generally, and so on. the paper points out these defections have affected the function of equity finance greatly

    文中論述了我國上市公司和我國股票市場的發展,重點分析了我國上市公司和股票市場發展中的缺陷,如股權結構復雜、股權流動性差、公司治理結構獨特、股票市場有效性較差、股票發行制度不合理、股票市場發展與經濟發展相關度低、股票市場分割、過度投機嚴重、外資股市場融資效果總體較差等。
  11. There were some inexpressible barriers for their direct or indirect financing activities, especially loan - applying from the banks. how to solve their financing problem and accelerate their development is a problem eagerly crying for settlement, which should deserve the attention of the economic circles and the government

    但近年來其發展卻遭受日益嚴重的金融壓抑,中小企業無論是在直接融資還是在間接融資方面均存在障礙,在獲得銀行貸款方面的矛盾尤其突出,這一點應得到經濟界和政府的高度關注。
  12. If it wants to improve the finance environment, the smp has to carry out the strategy of " finance drived by industry ". the author brought forward out there are certain relations between the finance methods and the characteristics of district economic development, expatiated advice to consummate the inside and outside financing environment of smp for the future

    歸納指出,中小民營企業為改變自身融資環境,必須實施「產業帶動金融」戰略,揭示了融資方式與各地區經濟發展特點之間的關系,闡述了以產業帶動金融戰略為核心完善中小民營企業內外部融資環境的思想。
  13. Due to the barrier of idea and institution, technology reform and economic development are not synchronous. for a long period of time, because of the unconnected financing channels, unsound contractual relationships, unreasonable distribution system and the undefined intellectual property rights, risk investment developed difficultly in our country. some corporations have even gone wrong and gone bankrupt at last

    我國的風險投資業發展較晚,由於觀念及體制上的障礙,科技改革與經濟發展未能保持同步,長期以來融資渠道的不通暢、契約關系的不健全、分配製度的不合理、知識產權不明確等原因,致使我國風險投資事業舉步維艱,有些公司甚至誤入歧途,最終破產關閉。
  14. In the dissertation, it is analyzed that the non - government financing will impact on the economic reform and economic development because of the interrelation of the non - governmental financing and market - oriented system change, the non - governmental financing and market structure, the non - governmental financing and financial structure, the non - governmental financing and economic benefits, the non - governmental financing and the system of local credit, etc. at first, the dissertation analyzed the function of the non - governmental financing on non - state - owned economic develop

    本文從民間金融與市場化的制度變遷、民間金融與市場結構、民間金融與金融結構、民間金融與經濟效益、民間金融與地方信用體系、民間金融對社會的影響等幾個方面考察了民間金融在經濟改革和經濟發展中的作用和影響。首先分析了民間金融在市場化的制度變遷中對非國有經濟發展的作用,揭示了民間金融是推動市場化進程和經濟多元化的重要因素之一。
  15. Since enterprise link closely the fictitious economy and the real economy, it ' s direct financial way may promote extremely the fictitious economic development, so perfecting it ' s unreasonable financial structure and enlarging enterprise direct financing is the right way to develop the fictitious economy, furthermore, the paper discusses present condition and problems existed of enterprise direct financial way

    由於企業是聯系虛擬經濟活動和實體經濟活動的橋梁,其直接融資行為可以促進虛擬經濟的發展,因而虛擬經濟的發展途徑是改善我國不合理的融資結構,擴大企業直接融資。
  16. Aimed at resolving the problems above, based on the summing - up of previous research, this paper summarizes the district economic development theory, district development layout theory, industrial agglomeration theory, district competitive advantage theory, and modern urbanization theory. in the paper, we use the spatial structure theory to study the urban management, point out the problems in the urban management and countermeasures to resolve them. according to the practical situation of fund deficit for city construction, we investigate many financing styles. we also set up the city core competencies evaluation index system and point out the countermeasures to heighten the urban core competence

    針對上述問題,本文在總結前人研究成果的基礎上,概述了區域經濟發展理論、區域發展規劃理論、產業集聚與區域競爭優勢理論和現代主要的城市化理論;研究了空間結構理論在城市經營中的應用,對城市經營存在的問題進行了剖析,並相應提出對策;結合城市基礎設施建設資金匱乏的實際,研究了各種融資方式;構建了城市核心競爭力評價指標體系,對提高城市核心競爭力提出了對策。
  17. So proper, efficient application of boo project financing will greatly promote china ' s economic development and will be more and more accepted and applied

    因此,合理、有效、高質量地運用boo項目融資對中國經濟的發展將起到巨大的推動作用,也必將會得到越來越多的認可和使用。
  18. Examples of his urban planning research include comprehensive planning, land development regulations, urban regeneration, economic development programs, tax increment financing, and historic preservation

    他的城市規劃研究包括綜合規劃、土地發展規律、城市重建、經濟發展項目、稅金增值以及歷史文化保護。
  19. Whereas the financial transfer payment is limited, the function of credit capital for the rural economic development is self - evident, under the situation that indirect financing is in dominant status in china

    可財政轉移支付畢竟有限,在中國間接融資佔主導地位的情況下,信貸資金投入對農村經濟發展的作用不言而喻。
  20. 3. combine the specific economic development, the writer advanced the financing organization each as the owner of pigov under the high speed development, and brought the model of " centralize relatively and competition appropriately " into effect. and according to current government investment construction project, the writer gave some insufficient suggestion of making related supplemental policy and opinion

    ( 3 )結合重慶市經濟發展的具體階段,提出在高速發展階段應以代表政府投資主體的各投融資機構做為政府投資建設項目業主,實施"相對集中、適度競爭"的管理模式,並針對當前政府投資建設項目管理中存在的不足提出相關配套政策的建議和意見。
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