流通證券 的英文怎麼說
中文拼音 [liútōngzhèngquàn]
流通證券
英文
circulation-
In the second part, the author defined the proper plaintiff and burden of producing evidence thereof by deferent means. in the third part, the author examined the damages and the method of computation therein from the status quo of scholarship. in the last part, this article thought that the limitation of actions should be accounted from dies a quo when the decision on punishment of securities supervision commission is published by the company in punishment or by the commission itself
關于計算方法,本人認為應以均價法為宜,即證券買入或賣出價格與上市公司對其虛假陳述進行更正之後的10天或從揭露日至該流通股換手率達到100 %之日止的這段時間期限內的平均交易價格之間的差額進行計算,如果原告在上述期限內賣出股票,則按證券賣出的實際價格計算,否則按平均收盤價格計算。For example, these security affiliates participated in the floating of 19, 000, 000, 000 of issues in 1927.
例如,這些證券發行機構在1927年的流通證券中,就提供了一百九十億美元的證券。Having been developed for more than 10 years, china ' s securities market has exceeded 1000 listed companies and the value of share has surpassed 1000 billon
經過短短十幾年的發展,中國的證券市場已經成長為上市公司逾千家,流通市值過萬億的中型市場。At present, our country enact the defined interest rate policy, the interest rate is not marketed, but our country reinforce market economy, the method of government debt bond market clean price trade is adopted, the government bond debt index of the stock exchange institution of shanghai, the usage of the usa bid in the government debt bond market, the market factors are more and more t influence the government debt bond market benefit, the marketed interest rate is on the agenda
現階段,我國實行利率管制,利率沒有市場化,但我國實行市場經濟,目前國債市場採用凈價交易,我國的國債法即將出臺,上海證券交易所的國債指數運行,國債發行市場美國招標使用,國債發行流通日益市場化,市場因素越來越在國債市場發揮巨大作用,利率市場化已經走上了日程。Securities is circulating capital. brokerage, especially securities brokerage, is business between business ; its role as intermediate of circulation is evident, manifesting in the following three aspects : value stream, information stream, consciousness stream
證券是流通化的資本,而作為商中之商的經紀,特別是證券市場的證券經紀,在流通過程中,其流通中介的作用是顯而易見的,具體表現在三種運動形式上:價值流、信息流和意識流。So we consider five financial indexes includes stock b / p, e / p, current stock size, current stock stru and financial levge by the international tradition, then descriptive statistical test method and cross section statistical test method proved that b / p and current stock size have marked effect on the securities yield besides coefficient b. in the third chapter, the article fut forward a risk factor model, estimates yield sequences of every risk factor by weight regression, and then estimates each risk factor coefficient of different stock by time sequence regression, at last we can reckon the portfolio risk o2p and yield rp which consists n stocks
結合國際慣例,文章考慮了股票的凈值市價比( b p ) ,市盈率倒數( e p ) ,流通規模( size ) ,流通比例( stru )和財務杠桿( levge )等五個財務指標,應用描述性統計檢驗和橫截面統計檢驗等多種方法,結果表明,除系數以外,凈值市價比( b p )和流通規模( size )對證券收益率部有重要的影響。在論文的第三章,提出了一個基於多因素的風險因子模型,並用加權回歸和時間序列回歸等方法估計出了不同證券的各風險因子系數(類似於單指數模型中的系數) ,據此,即可衡量出一個包括n只股票的組合的風險_ p ~ 2和收益率r _ p 。Issuers collect fund for infrastructure or operation through issuing securities and retain liability at the same time. issuers are obligated to repay the bondholder the principal amount and interest at a specific interval. in the mean time, this liquidized iou is called " bond "
當發行人透過發行有價證券,直接或間接地向投資大眾籌措建設經費或營運所需資金,並相對地承擔債務亦即發行人承諾按時支付本金或票面利息給債券持有人之時,該種具有流通性表彰債權之借款憑證,即謂之債券。( 2 ) the disadvantages of shareholder structure problem. from facts, we could see shareholder structure problems have bad influence on china ’ s securities market in eight aspects, which have seriously damaged matching mechanism between risks and profits in china ’ s capital market, causing inequality between negotiable shareholders and nonnegotiable shareholders. ( 3 ) the history of solving shareholder structure problem in china ’ s securities market
從現實來看,股權分置為中國資本市場帶來了八大危害,從而嚴重損害了中國資本市場風險與收益之間的匹配機制,客觀上使流通股股東與非流通股股東處在不平等的狀態; ( 3 )中國證券市場解決股權分置問題的歷程。And we come to the following conclusions : ( 1 ) looked from the returns ratio target that, all funds achievement are better than the market datum combination ’ s in the sample time, but the funds overall achievement is inferior to interest rate ; ( 2 ) after the modification of the risk factor, our mutual funds outguess the market ; ( 3 ) there is not enough evidence that indicate that chinese security investment funds have choosing ability in the market opportunity and choosing ability in the security. ( 4 ) the achievement in the past of the fund can not represent market manifestation in the future of the fund. this article innovation mainly has following several aspects : ( 1 ) have established the overall target of a appraisal fund achievement and gone on the real example to analyze with the mathematics model, having solved the inconsistency problem of appraising the result of many kinds of
在此背景下,本文希望通過借鑒國外對基金業績評價方面的經驗,結合我國的國情嘗試盡可能真實的、多角度分析我國證券投資基金在不同市場時期的業績特點,如投資基金的回報及其承擔的風險,基金經理的擇時能力和選股能力究竟怎樣,基金業績是否具有持續性等等,為基金投資者、監管者、基金管理公司以及基金的發展提供一些參考,以引導社會資源更多地流向擁有理性投資理念、資產管理能力出色的基金管理公司,實現資源的優化配置,進而推動市場投資理念走向成熟。In order to make further understanding on securitization, the second part emphasis on the three basic forms of asset securitization, pass - through securitization, asset - backed bond and pay - through securitization, with an analysis and comparison of their characteristics and cash flow features
第二部分通過分析和比較過手證券、資產支持債券和轉付證券三種基本模式的特徵和現金流特點,進一步加深對資產證券化本質的認識。第三和第四部分是本文的重點。China ' s securities market is also a new and developing market, it is now existed the following problems, powerful speculative transaction, inside transaction, false packing, national stock listing circulation and market supervision and management & securities market laws and regulations, so it remains to be perfected, it is an important issues faced for china ' s securities how to specify and develop china ' s securities market, especially, after china joins in wto successfully, the door of china ' s securities market has been opened, accession foreign - funded securities company can be expected soon, stockjobber ' s operation in china will be directly threatened, undoubtedly, this is an enormous challenge for china ' s securities market
我國證券市場還是一個新興市場,存在市場投機性強、內幕交易、虛假包裝、國有股上市流通以及市場監管、證券市場法規有待完善等等問題,如何規范和發展我國證券市場是我國證券業面臨的重大課題。尤其是我國成功加入wto后,中國證券業的大門已經打開,外資證券公司的進入指日可待,我國券商的經營將直接受到威脅,這無疑是對中國證券業的巨大挑戰。Part one : this part introduces the summarization of the abs ( asset - backed securities ), which includes the conception, the basic theory, the features, the categories, the basic running process, and the circumstance of the research and development, etc. part two : the main contents of this part are the necessity and the analysis for the feasibility of the financing of securities depending on the charges of expressways, including the analysis for the feasibility of the financing of securities on the basis of the expressways " charges, the option between the two operation models, and the analysis for the feasibility of the operation of indigenization, etc. part three : this part mainly demonstrates how to design the plan of a company for the financing of securities and indigenization, which consists of the introduction of a company ' s background and the main problems to be confronted, the features of the basic assets and the analysis of the cash currency, the selection of spy, the design of trading structure, the product design of securities, etc. part four : this part discusses the financial evaluation about a company ' s design of the financing of securities and indigenization on the basis of the expressways " charges, the analysis of the risks and the analysis in general
本文的創新之處在於: ( 1 )通過對我國《信託法》 、 《公司法》等相關法律、法規的深入研究,提出在國內現行制度框架和市場環境下,以信託方式設立特設目的機構的基本思路,並構架了類附擔保公司債信託型和信託簽發企業銷售型兩種較為滿意的本土化交易結構方案,具有一定的理論創新性; ( 2 )將資產證券化這一金融創新工具應用到高速公路融資領域,論證了高速公路利用收費證券化融資的必要性和可行性,並提出了一個可供借鑒的操作性方案。本文可能的不足是在證券化產品設計方面由於筆者知識水平的欠缺,深感作得不是很深入,需進一步的完善和細化;另外對各種交易結構模式的設計和分析只是一種理論上的探討,到底是否有效和可行需接受實踐的進一步檢驗。論文分為四個部份:第一部份,資產證券化概述,包括資產證券化的概念、基本理論、特點、基本形式、基本運作流程、國內外研究和發展現狀等。To the end of december 2002, there are 15 standardized funds management corporations in china, they manage 54 contractual type close - end securities investment funds and 19 open - end funds. the assets size of securities investment funds in china reaches almost 100 billion yuan, correspond to about 10 % of the circulating market price of shanghai and shenzhen stock markets
到2002年12月底,按規范化要求我國共成立了15家基金管理公司,管理了54隻契約型封閉式證券投資基金和19隻開放式基金,中國證券投資基金資產規模約1000億元人民幣,相當于滬、深兩市流通市值10左右。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。To ensure that the entire monetary base at all times will be fully backed by highly liquid short - term us dollar - denominated securities
確保整體貨幣基礎在任何時候都由流通性極高的短期美元證券提供十足支持;Before the property rights are clear, especially when there are both non - exchangeable securities and exchangeable securities, there is no chance and soil for mbo in the market
在產權關系沒有理順之前,特別是在證券市場非流通股和流通股並存的雙軌制情況下,事實上並不具備在上市公司推行mbo的時機和土壤。Chapter three analyses the suitable pricing model of our country ' s mbs, and by studying secular trend and fluctuation of risk free interest rate and the term structure of interest rate of national debt, i propose an option model based on floating interest rate mbs which will be issued in our country. next, cash flow current value method is used to carry out the empirical test
第三章分析了適合我國住房抵押支持證券的定價模型,通過研究我國無風險利率長期趨勢值、波動性以及國債利率期限結構,提出我國發行浮動利率抵押支持證券的期權定價模型,並應用現金流現值定價法對我國發行固定利率住房抵押傳遞證券的定價進行實例分析。Abs is a process which transforms asset absent of flow ability but capable to produce stable currency stream into securities that can be sold and circulated with stable income through some certain structural arrangements which separate the risk and earning within the asset
資產證券化是將缺乏流動性但能夠產生穩定的現金流的資產,通過一定的結構安排,將資產中的風險與收益進行分離組合,進而轉換成可以出售和流通的並有固定收入的證券的過程。Australian hedge funds are no different from those elsewhere ; they can involve borrowing, short - selling, and illiquid securities
澳大利亞的對沖基金與其它地方的對沖基金毫無不同,可以涉及借貸、賣空和非流通證券等領域。A negotiable certificate attached to a bond that represents a sum of interest due
利息單證券上的代表一定數目利息的可流通證書分享友人