內資股 的英文怎麼說
中文拼音 [nèizīgǔ]
內資股
英文
domestic share-
This article takes the corrections of accounting errors as one of the profit - manipulate. it begins with the root and the objective condition of the profit - manipulate, to analysis the reason and motivation of the corrections of accounting errors. then, on the base of the effective market content and the capm theory, this paper analyses empirically the market conductibility of corrections of accounting errors with all " a " shares in 2001, and discovers there is no difference on stockjobbing amount and price
從利潤操縱存在的根源和客觀條件入手，分析上市公司進行會計差錯及其更正的原因和動機；然後，以有效市場假說的基本理論和資本資產定價模型為基礎，對2001年滬市a股所有進行會計差錯更正的上市公司進行會計差錯的發生和更正的市場傳導效應研究，通過檢驗發現，公司年度報告披露前後時窗內的股票交易量和股票價格並未存在顯著差異。As the result of financial system innovation, venture capital has it " s unique characteristic : it is cultivable investment rather than industrial investment and it ' s profit comes from transferring stock of high - tech enterprise rather than investment of fixed capital and floating capital
作為世界經濟轉型期金融體制創新這一內在動力作用的結果，風險投資有其獨具的特點：風險投資是培育性投資而不是產業化投資，其獲得的利潤來源於對高新技術企業投資股權的轉讓所得到的資本收益而不是某個產品規模化生產階段的固定投資和流動資金的投資。In present dissertation, most stirpses are repartitioned and redefined, and the structure characteristic, course of formation, cause of formation, function and risk of stirpses are analyzed. the main conclusions are : [ 1 ] rapid development of corporations engenders urgent demand of financing, conflict between capital market imperfection and demand of financing leads corporations to control listed corporations by purchasing " shell " and enhance it ' s financing capability ; [ 2 ] two kinds of pricing institution of stock provides stirpses for controlling listed corporations by low cost, monitoring institution imperfections provides corporations for operating listed corporations. adjust of national assets provides more " shells " ; [ 3 ] more private corporations purchase listed corporations, some of them form stirpses ; [ 4 ] stirpses have positive influence about adjusting industry and enhancing capital market financing function ; [ 5 ] stirpses magnify financial risk by controlling listed corporations, and transform listed corporations from shareholders benefit to block shareholder benefit, having tendency of infracting shareholders benefit
本文主要的結論： [ 1 ]中國企業的迅速發展對融資有迫切的要求，中國國內資本市場發展不完善與這種強烈的融資需求的沖突導致了企業尋求通過買「殼」的方式控制上市公司，以此來提高自身的融資能力； [ 2 ]中國上市公司股票的兩種定價機制為「系」低成本控制上市公司提供了可能，監管機制的不完善為「系」提供了操縱上市公司的空間，國有資產在調整過程中從部分競爭行業退出，為資本市場提供了一定數量的「殼」資源； [ 3 ]民營企業紛紛買「殼」上市，在這個過程中，部分實力突出的企業形成了「系」 ； [ 4 ] 「系」現象對進行行業整合、提高資本市場融資能力等方面起到了積極的作用； [ 5 ] 「系」通過對上市公司進行的操縱放大了金融風險，將上市公司的股東利益最大化變為大股東利益最大化，存在著侵害小股東利益的潛在傾向。In segmented capital markets, the law of one price doesn ’ t work. it is found that the foreign class shares typically sell at a premium in relative to the domestic class shares that can only be owned by the domestic investors in most emerging markets, but china is an exception, the chinese foreign class b - shares are traded at a discount relative to the domestic class a - shares. based on lots of relevant previous research, the thesis theoretically and empirically analyses the price difference between a and b share, trying to find out the influence factors of the price difference between a and b share
在存在中度和高度市場分割的國家，由於投資者無法通過市場間的套利行為來消除不同市場的證券價格差異，如果一家公司的股票在割裂的兩個市場同時上市，其價格並不滿足「一價定律」 :供國外投資者交易的「外資股」相對于供國內投資者交易的普通股票的價格肯定會出現溢價或折價，此即所謂的「市場分割下的外資股折溢價問題」 。In a effective marcket price is a synthetical result of many factors, so this paper focuses on price to research the operation of covered warrant in hongkong and to find the best model for hongkong. by analyzing the development, operation, management, pricing model in hongkong, this paper designs and adjusts details of operation for covered warrant in mainland. finally this paper offers a solution using covered warrant to implement the circulation of non - circulation share and demostrates the method to calculate parameters via two samples
在一個有效的市場中，價格是各種因素的綜合反映，因此本文以價格為核心，通過定價模型的回歸分析發現香港市場備兌權證的最佳模型，從中揭示香港的市場特徵並評價其運作效果；借鑒香港的實踐經驗，對內地引進這一金融工具的運作模式作了方案設計，並結合內地證券市場的實際情況，對該模式作了一定的改進和調整；最後針對內地股市非流通股的全流通問題，設計了一套通過備兌權證補償投資者損失和平抑市場波動的方案。An analysis of the group s turnover and other revenue is as follows : 2005 2004 hk 000 hk 000 provision of it services 50, 217 15, 342 provision of supply chain solutions 31, 601 10, 892 sales of packaged software products and related services 872 2, 422 system integration - 8, 762 others - 5, 822 - - turnover 82, 690 43, 240 interest income 12 - - - total revenue 82, 702 43, 240 3. profit from operations 2005 2004 hk 000 hk 000 profit attributable to coninuing operations 1, 985 1, 982 discontinued operations 9, 824 9, 628 - - 11, 809 11, 610 4. earning per share the calculation of basic earnings per share for the year is based on the following data : 2005 2004 hk 000 hk 000 earnings profit for the year used in the calculation of basic earnings per share 12, 035 11, 841 shares restated weighted average number of shares in issue for the purpose of calculation of basic earnings per share 421, 208, 703 291, 764, 706 the company completed a rights issue exercise in may 2005 on the basis of one rights share for every one ordinary share held at an issue price of hk 0. 02 per rights share. accordingly, the comparative figures was re - calculated based on the adjusted weighted average number of 291, 764, 706 shares to reflect the effect of the rights issue to the loss per share for the year ended 31st december 2004. 5. final dividend the board does not recommend the payment of a final dividend for the year ended 31st december 2005 2004 : nil
本集團之營業額及其他收益分析如下：二零零五年二零零四年千港元千港元提供資訊科技服務50 ， 217 15 ， 342提供供應鏈解決方案31 ， 601 10 ， 892出售套裝軟體產品及相關服務872 2 ， 422系統集成- 8 ， 762其他- 5 ， 822 -營業額82 ， 690 43 ， 240利息收入12 -總收益82 ， 702 43 ， 240 3 .營業盈利虧損二零零五年二零零四年千港元千港元業務應占盈利虧損持續經營業務1 ， 985 1 ， 982終止經營業務9 ， 824 9 ， 628 - 11 ， 809 11 ， 610 4 .每股盈利虧損年內每股基本盈利虧損乃按以下數據計算：二零零五年二零零四年千港元千港元盈利虧損用於計算每股基本盈利虧損之年度溢利虧損12 ， 035 11 ， 841經重列股份用於計算每股基本盈利虧損之已發行股份加權平均數421 ， 208 ， 703 291 ， 764 ， 706本公司於二零零五年五月完成一項供股，基準為每持有一股普通股獲發一股供股股份，每股供股股份之發行價為0 . 02港元。Overseas listed foreign share mainland china
境外上市外資股中國內地Foreign share mainland china
外資股中國內地Where the share reduction makes the foreign shares of the listed company less than 10 % and the investor is the largest single shareholder, the listed company shall, within 30 days after the cancellation of the approval certificate of foreign - invested enterprises, handle the alteration registration in the administrative authorities of industry and commerce and the type of the enterprise shall be changed to joint limited company
投資者減持股份使上市公司外資股比低於10 ，且投資者非為單一最大股東，上市公司自外商投資企業批準證書注銷之日起30日內到工商行政管理機關辦理變更登記，企業類型變更為股份有限公司。The relative illiquidity and higher expected return to compensate the higher risk in b - share and h - share markets are also significant
此外國內外投資者需求彈性差異的加大是98年後外資股折價程度加深的主要原因。Handle and establish chinese - foreign joint venture, wholly foreign - owned enterprise, domestic - investment limited company ; succeed in, handle stock right transfer, enterprise aquistion and merger reform system, not concerning foreign affairs to negotiate, infringe business secret, infringe the patent right, trade mark privileges business
經手成立過中外合資經營企業、外商獨資企業、內資有限責任公司；成功辦理過股權轉讓、企業購並改制、涉外談判、侵犯商業秘密、侵犯專利權、商標權等業務。Method 1 : domestic invesment, the total investment is 51 million rmb yuan, we control the stock, the investment is 26 million rmb yuan in the form of tech., workshop, equipment, land, fund and so on, the investment from the other party is 25 milllion rmb yuan in the form of fund
方式一:引進內資:總投資5100萬人民幣，由我方企業控股，投資2600萬元以無形資產廠房設備土地現金等，引資2500萬元，合作夥伴應以現金或現匯投入。Article 11 in issuing foreign capital stocks listed abroad within the total amount fixed in the stock issue plan, it may, with the approval of the securities committee of the state council, agree with the underwriter ( s ) in the underwriting agreement to reserve a certain amount of stocks apart from the amount underwritten but the amount reserved shall not exceed 15 % of the total amount planned to be issued and listed abroad
第十一條公司在發行計劃確定的股份總數內發行境外上市外資股，經國務院證券委員會批準，可以與包銷商在包銷協議中約定，在包銷數額之外預留不超過該次擬募集境外上市外資股數額15 %的股份。The sustained high level of demand deposits was in line with the continued vigour in asset markets during may, while the rise in time deposits reflected partly placements of new share subscription monies with banks before the refund dates
五月份活期存款持續處于高水平，是因為月內資產市場依然活躍定期存款的增加，則部分是由於認購新股款項在退款日期前以定期存款方式存入銀行。Article 12 a company shall reveal in full and detail the plan for separately issuing foreign capital stocks listed abroad and domestic capital stocks in the prospectus for all issues
第十二條公司分別發行境外上市外資股和內資股的計劃，應當在公司各次募集股份的招股說明材料中全面、詳盡披露。Article 7 the stocks issued to domestic investors ( hereinafter referred to as " domestic capital stocks " ) by a limited stock company ( hereinafter referred to as " company " ) that has issued and listed its stocks abroad shall be in the form of inscribed stocks
第七條向境外投資人募集股份並在境外上市的股份有限公司（以下簡稱公司）向境內投資人發行的股份（以下簡稱內資股） ，採取記名股票形式。Article 8 the board of directors may make separate arrangements for the plan of issuing and listing foreign capital stocks and domestic capital stocks approved by the securities committee of the state council
第八條經國務院證券委員會批準的公司發行境外上市外資股和內資股的計劃，公司董事會可以作出分別發行的實施安排。Domestic share mainland china
內資股中國內地The plan for the issuing and listing of foreign capital stocks and domestic capital stocks worked out according to the provisions in the preceding paragraph may be executed separately within 15 months starting from the date of approval by the securities committee of the state council
公司依照前款規定分別發行境外上市外資股和內資股的計劃，可以自國務院證券委員會批準之日起15個月內分別實施。Article 29 the disputes arising from the matters relating to the contents of the articles of association and other affairs of the company between foreign capital stock holders and the company, between foreign capital stock holders and the directors, supervisors and managers of the company and between foreign capital stock holders and domestic capital stock holders shall be settled in the way provided for in the articles of association
第二十九條境外上市外資股股東與公司之間，境外上市外資股股東與公司董事、監事和經理之間，境外上市外資股股東與內資股股東之間發生的與公司章程規定的內容以及公司其他事務有關的爭議，依照公司章程規定的解決方式處理。分享友人