參與券商 的英文怎麼說

This includes that transaction quantity has been increasing but current efficiency is low, price difference has been reducing but still big, transaction location possesses arrangement but transaction quantity fasten on the ibbm and that transaction variety is increased but no diversification. ( 4 ) the thesis deep - seated probes into the reasons of the mobility problem. in reality, the reasons include illogical interest rate mechanism, lacking the medi - organization, inappropriate structure of bondholders, impercipient market main body, and macro - economic condition etc. all of them limit the mobility of ibbm

（ 4 ）本文認為產生流動性問題的主要原因在於：利率機製作用不合理，即發行利率機制不合理和一級市場與二級市場利率不對稱；交易中介機構欠缺，即做市商制度不完善和經紀人制度缺乏；市場主體結構不合理，即參與者結構不合理和債券持有者結構不合理；市場主體對市場認識不足，即商業銀行和其他市場主體對市場認識不足；宏觀經濟環境等。

The former mostly includes finance trench, which consists of urban maintenance and constructive tax, add - ons of public utility, urban land - using tax, the debt of local government, remise of urban state - own land - using right and special national debt capital, and so on ; administrative charge trench, which consists of apportion, raising the price of urban infrastructure products and services, and so on ; practicality investing trench, which mostly consists of corresponding capital for urban infrastructure provided by real estate exploiters ; other financing trenches, which consist of time - limiting remise of operating authority on urban infrastructure section, introducing into foreign capital, short term loan of civil financing institution, and so on. the latter includes the innovation on the main investors, which consist of the anticipation of civilian capital and other non - financing institutions, and the innovation on financing tools, which consist of project financing, investment funds on industry, municipal bonds and initial public offering, and so on

前者主要指以政府作為投資主體下的各種融資工具，包括財政稅收渠道（包括城市維護建設稅和公用事業附加、城鎮土地使用稅、地方政府債務、城市國有土地使用權有償出讓、國債專項資金等） ；行政收費渠道（包括攤派、提高基礎設施產品和服務的價格等） ；實物投資渠道（主要是讓房地產開發商為城市基礎設施提供配套資金） ；其它融資渠道（包括市政設施部門專營權有限期出讓、引進外資、國內金融機構的短期貸款等） ；後者則包括融資主體的創新（民間資本的參與以及其它非銀行金融機構的介入）和融資工具的創新（項目融資、產業投資基金、市政債券、股票上市等） 。

This paper, using the experience of the typical nation and region about housing mortgage securitization, joining together the realistic condition in our country, putting forward the strategy of developing housing mortgage securitization in our country now. the article is divided into four parts : part one : introduce the related theories about the housing mortgage securitization, including the content of housing mortgage securitization, the participants, concrete operation procedure, the financial tool, and point out the realistic meaning that our country promote. part two : analyze the background and the motive that world housing mortgage securitization, choose the typical model nation and region such as the united states, canada, hong kong to proceed the comparison, and get some experiences and apocalypses from it

文章分為四個部分：第一部分：首先對住房抵押貸款證券化的內涵、涉及的參與者、具體運作程序以及使用的金融工具等與住房抵押貸款證券化相關的理論進行了介紹，其中著重對抵押貸款傳遞證券、抵押貸款支持債券、抵押貸款轉付債券、抵押擔保證券等目前國外規模較大的四種住房抵押貸款證券進行了較詳細的介紹，然後指出我國目前推行住房抵押貸款證券化無論是從商業銀行和投資者等微觀主體的角度還是從住房產業和資本市場的發展等宏觀角度來看都具有非常重要的現實意義。

A medallion signature guarantee can only be obtained from a participant in one of the securities and exchange commission ( sec ) approved programs, such as a commercial bank, brokerage firm, credit union or savings and loans institutions that are members of the medallion stamp program

只有參與美國證券交易委員會的認可單位、商業銀行、經紀代理公司、信用合作社、儲蓄貸款機構等方能提供medallion簽名確認服務。請點擊此網址

Banks have been engaging in securities business in the capacity of " exempt dealers " under the existing regulatory regime

根據現有的監管架構，銀行是以獲豁免交易商的身份參與證券業務。

Under the policy that futures broker business will be monopolized by futures companies in china, in the initial stage of the development of futures market, innovative security companies will participate in the financial futures business as introduce brokers ( ib ) through takeover futures companies

摘要在中國金融期貨經紀業務將由期貨公司專營的政策安排下，創新類券商在金融期貨市場發展初期，將通過收購期貨公司，以期貨介紹經紀商（ ib ）身份參與金融期貨經紀業務。

In the securities business, brokers effect transactions for their customers, and finish the settlement with sd & c. if brokers misappropriate investors ’ securities to effect transactions, and then they become insolvent, do investors have the right to take back their asset from the securities settlement system or ask sd & c ( as csd ) for loss compensation

當前證券市場的一個突出問題是，證券經紀商挪用客戶資產參與交易終致支付不能，在給投資者帶來資產損失的同時也引發了證券結算風險，導致投資者與證券登記結算機構之間出現直接的權益沖突。

Subscriber will not engage in the operation of any illegal business ; use or permit anyone else to use the information, or any part thereof, for any illegal purpose ; or violate any nasd rule

訂閱者不可參與非法的事務活動；不可使用或允許其他人使用資訊從事非法目的；不可違反全國證券商協會條例。

Analysis on comparing rs with seo is done by means of pricing patterns, biding bodies, amounts of issue and risk to underwriting, etc. on the basis of over analysis, we present some practical measures to make better the rs and seo : to improve financial parameter which is necessary for the qualification of rs, refrain non - circuiting stockholders to improperly take part in rationing shares and give up rationig shares, set standards to the policy of dividend distribution, establish the transaction market of rights of rationing shares

對配股與增發新股進行比較研究，主要從兩者的本質區別、定價方法、認購對象、發行數量、股本結構變化以及券商承銷風險等方面展開。在以上分析的基礎上，提出了完善配股、增發新股的具體措施:改進配股資格的財務控制參數，約束國有股、法人股股東的參配、棄配行為，規范上市公司股利分配政策，建立配股權交易市場;在增發價格與公司的內在價值相符的前提下實施小折扣發行，引入超額配售選擇權，建立募集資金的專戶存儲制度。

In alphabetical order, the magnificent seven are : bank of china hong kong, dbs bank hong kong, bank of east asia, hang seng bank, the hongkong and shanghai banking corporation, standard chartered bank, and wing lung bank

東亞銀行恆生銀行香港上海?豐銀行渣打銀行及永隆銀行。我謹此衷心多謝它們參與，擔任零售外匯基金債券分銷商。

From the birth of the chinese stock market, fixed commission rate system had played a vital role in the stock brokerage. as a new floating stock commission rate system came into effect on may 1, 2002, the brokers have to face the new environment in which the profit rate will be very low. and after china join the wto, the big names from abroad will also take part in the competition in domestic stock market

浮動傭金制度的實行，宣告了我國證券行業將徹底告別新中國證券市場創建以來賴以生存的「固定傭金制」溫床，證券行業的社會平均利潤或微利時代已經到來；同時隨著加入wto后的證券市場開放，國外實力雄厚的證券商將參與國內證券市場的競爭。

Investors wishing to participate in the non - competitive tender may apply for the issue between 2 august 2005 and 10 august 2005 cut - off time at 2 pm through the retail efn distributors appointed by the hkma, which include the bank of china limited, hongkong and shanghai banking corporation limited, hang seng bank limited, standard chartered bank limited, bank of east asia limited, dbs bank limited and wing lung bank limited

投資者如有意參與非競爭性投標，可於2005年8月2日至8月10日截止時間為下午2時期間透過金管局委任的零售外匯基金債券分銷商提出申請。零售外匯基金債券分銷商包括中國銀行香港?豐銀行恆生銀行渣打銀行香港東亞銀行星展銀行香港及永隆銀行。

Bondsinasia has developed btx, the most sophisticated global electronic trading platform for asian fixed income securities. btx supports multi - dealer functionality in both local currency bonds and g3 denominated asian credits. it allows market makers and institutions to complete asian fixed income deals electronically on a bilateral basis with speed and efficiency in a secure environment

邦盛亞洲的專用交易科技可支持多位交易商參與亞洲區本土貨幣債券及由亞洲發債體發行以貨幣為單位的債券的交易，讓市場莊家與機構可以在安全的環境下，快捷有效地在雙邊基礎上進行亞洲區定息債券的電子交易。

The program is fully supported by 18 e - cert merchant partners offering a diversified range of online services including e - banking, e - shopping, online securities trading, e - government, online personal credit reports services, online auction and online travel services

密密用即時獎計劃獲18家參與商號全力支持，提供網上銀行、購物、證券買賣、政府、個人信貸報告、拍賣及旅遊等多元化電子服務。

Mr xeon say, director of refco forex limited, a licensed leveraged foreign exchange trader with the securities and futures commission, remarked : " individual forex investors in hong kong can now enjoy fast, secure and reliable access to global markets through our high performance electronic trading platform

Refco forex limited為一家領有香港證券及期貨事務監察委員會牌照的杠桿式外匯交易商，公司董事徐瑞安稱：香港的外匯投資者現可透過我們的高效能電子交易平臺，參與環球市場，程序不但快捷方便，而且安全可靠。

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。

Recognised dealers have the right to participate in tenders and can maintain securities account with the hkma for holding notes on behalf of their customers

認可交易商有權參與投標，並可於金管局開設證券帳戶，以代表其客戶持有外匯基金債券。

Recognised dealers are financial institutions appointed by the hkma to assist in the development of the exchange fund bills and notes market. recognised dealers have the right to participate in tenders and can maintain securities account with the hkma for holding notes on behalf of their customers

認可交易商是金管局委任的金融機構，以協助發展外匯基金票據及債券市場。認可交易商有權參與投標，並可於金管局開設證券帳戶，以代表其客戶持有外匯基金債券。

Antony hung ( mba class of 84 ), managing director and head of merrill lynch s debt markets group in the asia pacific region, shares these sentiments. " as an alumnus of the chinese university, i am proud to support the next generation of business leaders coming through its mba course by actively taking part in the mentorship programme, " he said

美林集團常務董事兼亞太區債券市場部主管孔旭洪先生（ 1984年中文大學mba畢業生）表示：身為香港中文大學的校友，我很榮幸能夠參與母校的"星級學長計劃" ，支持新一代商業領袖完成工商管理碩士課程，為未來作好準備。

By means of the integration of primary and secondary markets, as well as the government " s participation, the ideal development of finance, housing and other related sectors would be boosted, finally contributes to economy development and improvement on peoples " lives

經過多年的發展，我國已建立起政府參與指導的、住房公積金支持的、以商業銀行為經營主體的初級住宅金融市場。作者認為，促進二級住宅金融市場發育，推進住宅抵押貸款證券化和金融工具的創新勢在必行，並將為金融業的發展開辟更寬闊的道路。