特定證券發行 的英文怎麼說

中文拼音 [tèdìngzhèngquànfāháng]
特定證券發行 英文
contingent issue of securities
  • 特 : Ⅰ形容詞（特殊; 超出一般） particular; special; exceptional; unusual Ⅱ副詞1 （特別） especially; v...
  • 定 : Ⅰ形容詞1 （平靜; 穩定） calm; stable 2 （已經確定的; 不改變的） fixed; settled; established Ⅱ動詞...
  • 證 : Ⅰ動詞（證明） prove; verify; demonstrate Ⅱ名詞1 （證據） evidence; proof; testimony; witness 2 （...
  • 發 : 名詞（頭發） hair
  • 行 : 行Ⅰ名詞1 （行列） line; row 2 （排行） seniority among brothers and sisters:你行幾? 我行三。where...
  • 特定 : 1. （特別指定的） specially appointed; specially designated 2. （某一個） given; specified; specific
  • 證券 : bond; security; negotiable securities
  1. Securitization of bank assets refers to combined management and investment activities in which commercial banks, by making use of the legally representable nature of their credit assets and other claimable credits, put certain assets into asset - pools, issue asset - backed securities backed by the assets in the pools in order to transform the illiquid credit assets into cash assets. then the asset - backed securities are entrusted. upon the expiration of the securities ’ terms, the underlying assets are realized to repay the principals and interests of the securities

    銀行資產證券化是商業銀行利用信貸資產和其他可主張的債權在法律上可被代表的特性，以確定的財產進入資產池為擔保發行資產支持證券，將沉澱的信貸資產變為現金資產，然後將該證券委以信託增值，在證券期滿時，變現擔保財產償還證券本息的一種組合經營和投資活動。
  2. Facing with the adjustment blemish of the market and the government, knowledge problem and market growth degree etc, the article analyzes and arguments tmsm, the investment theory of the gapsm and two - mechanism forming reason and specialty of our country, and tries to explain and answer the question of breadth fluctuation, high risk, price decision, proceeds and investment strategy etc in the gapsm. since 80 ages, a series of the important development has all taken place in the world and the economy of our country, and it produced the deep influence on the growth of the security market, and particularly the information revolution, all markets forming one body and the quick development of the derivable security product brought the unprecedented macroscopic opportunity and power to the security market ; but at the same time our security market with the structure absurdity of participators, higher risk, irregular law, closed market, the validity of supervise and no science of market regulation does not accommodate to the macroscopic environment and so our country security market needs a new set of security theory with environment. according to the macroscopic and microcosmic environment, this article defines that our country security market is both a gapsm and the initial stage of the gapsm

    上世紀80年代以來，世界和我國經濟都發生了一系列重大的變化，對證券市場的發展產生了深刻的影響，尤其是信息革命、市場一體化和證券衍生產品的迅速發展，給證券市場的發展帶來了前所未有的宏觀機遇和動力，而同時我國證券市場參與者結構的不合理、較高的風險、不規范的法律、市場的不開放、監管的不完全以及不科學的市場調控等微觀市場環境條件與此宏觀環境並不適應，從而我國證券市場需要一套適應環境變化的股票理論；本文就是以這一宏觀環境和微觀條件為依據，把我國證券市場定義為既是政府主導型證券市場又是市場初期；並對我國證券市場二元制產生的原因、特點及特殊性進行了分析，並通過我國政府調節的實例進行了論證，並對投資理論和投資策略進行了研究，這對控制我國證券市場的高風險以及獲取收益都具有重大意義。
  3. Grounded on analysis to the supervisory and regulatory practice in the usa, hong kong, common wealth and some other countries or distracts, the article holds the opinion that, to realize supervision to the deeds of stock market manipulation, the special entity shall be granted comparatively abroad and flexible power to stipulate regulatory rules and executory power that can provide regulators system and means to exert its professional supervision beforehand and its regulation in time. based on the above construe, with a view of the status in quo in our country, the article concludes on possible, approaches and ways for our country to consummate our supervision and regulation of stock market manipulation

    股票市場操縱行為的上述特徵使許多特定行為在不同時期、不同市場以不同形態出現，許多操縱行為與合法行為之間的界線不斷變化，基本的證券立法不可能對全部的操縱行為進行詳細規定，必須依賴監管者發揮其專業監管能力，正確處理保護投資者利益和維護市場有效性之間的，他們在2003年7月初步完成了題為（ （ whatw0rksinsecuritieslaws ） ） （ nberw0rkingpaper9882 ， july2003 ）的研究報告
  4. 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。
  5. The draft is also good on the power play a stimulating role plates, such as anhui to electricity, such as tin fu thermoelectric have appeared 漲 停 ; in addition, the rehabilitation of agricultural products every day 漲 停 the shock after under the recently also started the plate, such as water in the fishing industry, kang biological, and other days there 漲 停 ; the two sides also offer acupuncture, nam fung chemicals, such as chlor - alkali and jin also 漲 停, the military concept of the space momentum in nuclear science and technology have appeared 漲 停

    雖然銀行股處於一定的回調整理局勢，但以海通證券和成都建投及東北證券為首的券商股保持積極的活躍度，紛紛出現漲停；同時在寶鋼股份漲停的激發下，西寧特鋼、武鋼股份、濟南鋼鐵、酒鋼宏興等均都出現較大幅度的拉升，並帶動有色金屬的承德釩鈦、馬宏鋅鍺出現漲停；另外，長江電力的漲停也是對電力板塊起到良好激發作用，如皖能電力、天富熱電等紛紛出現漲停；除此之外，在農產品復盤後天天漲停的激發之下，近期該板塊也開始啟動，如水中漁業、天康生物等出現漲停；還有化工的兩面針、南風化工、錦化氯堿等也出現漲停，軍工概念的航天動力、中核科技等紛紛出現漲停。
  6. The combination of the conventionai 1 duaiistic economy structure and the new dualistic ecpnomy structure under the hi - tech industry forms a muitip1e " eriensive dualistic economy structure ". during the hi - tech industry deveiopment process, there exist the industry main body " dualistic configuration ", market monopoly competition " duality mathet structure and developmeof path " duality path " inside the hi - tech industry because of these iotercrossed each othef, the hi4ech industry development economy system is featured with the int6raction of compound dualistic economy structure. ln this paper it is caiied as super duaiistic economy structure mode, that is to say, the hi4ech industry

    以此為基礎，對于高技術產業資本原始形成的途徑、高技術產業融資的「超二元化結構」體制模式及其效率問題分別進行了論述，提出決定高技術產業發展中金融支持體系的「超二元結構」和高技術產業融資的系統理論模式：大銀行、主板證券市場支持以模仿創新技術、規模壟斷為主要特徵的規模壟斷型高技術產業，中小企業的銀行、私募資本市場的天使投資和創業資本投資、創業板證券市場支持以原創性創新技術、技術壟斷和中小企業為主要特徵的技術壟斷型高技術產業。
  7. As to the doctrine of liability fixation the author thought that, in line with the duty of care of different subject of misrepresentation, ve should built three different standards consequently which were strict liability, fault liability liability on willfulness. as to cautionary relation, this thesis maintained that it could be classified into cautionary relation on transaction and cautionary relation on loss, and that the former was the fast knot on the question of cautionary relation on civil responsibility of misrepresentation, and that we should built presumptive rule on cautionary relation referring to the relative institute of america

    關于歸責原則，作者認為應當根據不同虛假陳述主體對信息披露所負的注意義務提出嚴格責任、過失責任和故意責任三個相應歸責標準，其中，嚴格責任適用於證券發行人，過失責任適用於除發行人之外的其他所有信息披露文體，故意責任適用於中介機構承擔連帶這種特定情形。損害後果作為虛假陳述的必備要件之一，僅限於財產上的損害。對于因果關系，文章將其分為交易的因果關系和損失的因果關系，認為前者是虛假陳述民事責任因果關系的癥結所在。
  8. We think the reason that related party transactions produced is based on follow ways ： the particular factor in economic system transferring ; illogically securities publishing system, the tools to manipulate stock price and looseness of management law

    我們認為關聯交易大量發生的原因在於以下幾個方面：體制轉軌過程中的特定因素、不合理的證券發行制度、股價操縱的工具以及監管法律缺位。
  9. A consideration to the civil lialility of stock cheating is not only a theoric problem, but also a practical problem. this thesis aims at making a research on civil lialility of stock cheating. beginning with the meanings and the characteristic of the stock cheating, the author think the immanency functions of the civil lialility should be brought into play. the author analyzes the deficiency of civil liabilities of stock cheating of prc and then advances his proposal to improve civil liabilities of stock cheating and protect the interests of investors from the view of substantive and theory

    試圖從證券欺詐民事責任的內涵、特點和對國外證券欺詐民事責任的認識入手，闡述應充分發揮證券民事責任的內在功能並完善我國證券欺詐民事責任制度，進而對證券欺詐民事責任的類型、構成要件、歸責原則、損失認定和計算等具體問題進行分析，從理論和實踐上為投資者維護自己的利益提出一些觀點。
  10. This thesis is mainly on the civil liability for misrepresentation on the securities market and is divided into three parts. the first part of this article is focus on the definition of misrepresentation and compromises the following topics. first, this article held that misrepresentation is the behavior of unjust and improper disclosing information and stating facts, secondly, the author thought misrepresentation could be classified according to subject of misrepresentation, stage of information disclose, natures of misrepresentation and contents of misrepresentation

    從主體上來看虛假陳述的主體具有特定性，其主體主要包括發行股票或公司債券的公司、負責證券承銷事務的證券公司以及為證券發行出具文件的中介機構；從客體上說，虛假陳述違反的是證券市場信息披露制度中的義務性及禁止性規范；從客觀方面來看，虛假陳述的手段是製造假相或掩蓋真相，使投資者產生錯誤認識而進行證券交易；從主觀方面來說，虛假陳述主體主觀上須有過錯。
  11. The thesis defines the concept of asset securitization, expounds characteristic and the condition to use. analyses the relationship between the choice of financing tool and the firm value, express max firm value is a good standard to weigh the tool. then, through the ri model and finance theory, the thesis explains the motivations of asset securitization, demonstrates the influence effect on firm value by qualitative and quantitative analysis of cost - benefit of corporate asset securitization, and discusses the role of asset securitization to solve corporate financing puzzle and the future of asset securitization in our country

    本文首先提出我國企業面臨的融資困境的實質是企業資本結構的不合理以及融資渠道單一影響的，即融資工具不能實現企業價值最大化;在對資產證券化的概念進行界定后，闡述了關于資產證券化的特徵，明確了資產證券化的特點和使用條件;分析了資產證券化工具的選擇與企業價值之間的關系，提出了企業價值最大化是衡量企業融資工具選擇是否合理的標準，為企業通過資產證券化融資提升企業價值提供了理論準備;然後，運用現代財務理論和剩餘收益模型，通過對我國企業資產證券化的實踐進行成本收益的定性和定量的效果分析，論證企業資產證券化對企業價值的影響效果;最後論述了我國實施資產證券化的現狀和未來發展，並且對我國實施資產證券化的具體方式提出了新的構想。
  12. Subject, the stock supervising bodies, mecum agencies, news agencies and public investors, etc. should manage together ; methodically, direct measures should be done step by step to strengthen supervisions and check up strictly firstly in prevention, secondarily in self - discipline ; approachfully, we must settle the relationships among the morality discipline, social supervision and legal means paying more attention to the use of legal means, enlarging the investigation of legal responsibility of insider trading. particularly, we should develop the positive ness of investors and give emphasis on the civil rights relief of public investors

    從主體上看，應當發揮證券監管機關、社會中介組織、新聞媒體、公眾投資者等各個方面力量，齊抓共管；從方法上看，應分階段採取有針對性的措施，以預防為主，自律為輔，加強監管，嚴厲查處；從手段上看，一定要處理好道德自律、社會輿論監督與法律手段之間關系，更加重視對法律手段的運用，加大對內幕交易行為人法律責任的追究，特別是應調動投資者積極性，更加註重公眾投資者的私權救濟。
  13. The nature of asset securitization is a structural financing instrument applying for the main purpose of realize, transfer and ensure the future cash flow of the original asserts. building and operating of the special purpose vehical ( spv ) share those risks accompanying returns produced in the course of financing within all the participants. such result is achieved by three - core technology named as " real sell ", " bankrupt protect ", and " credit increase "

    文章首先對資產證券化的含義做了理論界定，然後對資產證券化融資的構造原理進行了剖析，指出這種融資創新的實質是：以實現、轉移、保障原始資產的未來現金流為根本目的，通過創造性地構建特殊目的結構spv ，並以此為依託巧妙地實現原始資產的「真實銷售」 、 「破產隔離」 、和「信用提高」 ，從而將整個融資過程的風險和收益有效分攤給所有參與者，最終得以發行風險較小、信用級別較高、融資成本較低的資產支持證券abs的結構性融資方式。
  14. Accounting earnings is the key index in all accounting information, which not only reflects the past outstanding achievement, but also forecasts the growing prospect of listed companies combined with other indexes. after the publication of annual financial reporting of listed companies, investors usually evaluate the achievement of different companies by accounting earnings index when they select objects in numerous listed companies. in securities market, legislation and administration institutions value and supervise the whole course from coming into the market to exiting from the stock market by earnings index. recognition of the stock listed company, the confirmation of issuing price, absorbing new capital from market, st and pt, which have osculation connections with earnings index

    另一方面，在實踐中，會計盈餘指標業是應用頻率非常高的財務要素，證券分析師和投資者大多會採用這一指標來評價不同公司間的業績，並預測其未來的發展前景。而在證券市場的監管上，立法、行政機構也是廣泛使用會計盈餘指標對公司從招股上市到摘牌下市的全過程進行評價和監督，其中股份上市公司的認定、上市發行價格的確定、上市公司的再融資、股票交易的特別處理、暫停上市和摘牌等都與盈餘指標有密切的聯系。
  15. Then, this paper empirically tested the validation and predictive accuracy of different var risk management model in the domestic financial market. finally, with the analysis of modem financial risk management development trend and the current domestic financial risk management situation, this paper made a prospect for the application of this model in the construction of domestic financial risk management system. through the analysis, the main conclusions are as follows : ( l ) the traditional mean - variance model is the special example of the portfolio selection based on the var risk management model for the case that the returns of the portfolio are assumed to be normally distributed ; compared with the mean - variance model, the var risk management model is more comprehensive and accurate in the measurement of the portfolio risk, so based on the var model, the investors can allocate the asset more effectively. ( 2 ) the var risk management model can provide the timely and comprehensive risk information for the top risk manager, so it is very helpful to the improvement of total risk management efficiency. ( 3 ) based on the var model, the raroc performance valuation approach can reflect the real performance of the portfolio manager and provide the coherent standard for the allocation of risk limitation and the construction of the incentive compatibility constraint mechanism in the financial instiutions

    通過研究分析，本文主要得出如下結論： （ 1 ）傳統的markowitz均值? ?方差模型僅僅是在資產組合收益率正態分佈假設條件下基於var風險管理模型進行資產組合選擇的特例，與均值? ?方差模型中的方差風險度量方法相比， var風險管理模型能夠更全面、更貼切地衡量資產組合的風險，且基於此模型能夠更有效地進行資產配置決策； （ 2 ） var風險管理模型能夠滿足更高層次風險管理者對風險信息的需求，有助於整體風險管理效率的提高； （ 3 ）基於var風險管理模型的raroc績效評價能夠反映資產組合管理人的真實業績，從而為金融機構風險限額的分配和激勵約束機制的制定提供統一的標準； （ 4 ）國內證券市場資產組合收益率服從正態分佈的假設明顯不成立，實證檢驗表明基於資產組合收益率正態分佈假設條件下的方差? ?協方差模型對國內資產組合風險的預測存在較大的偏差，由於文中證明在收益率正態分佈假設條件下基於方差? ?協方差模型進行資產組合選擇的結果等價于markowitz的均值? ?方差模型，因此，均值? ?方差模型對國內資產組合風險的預測同樣會存在著較大的偏差，而半參數var風險管理模型則能夠取得較好的預測衡量效果； （ 5 ） var風險管理模型符合未來金融風險管理的發展趨勢，基於var風險管理模型建立內容提要風險限額內控體系、風險信息披露體系和業績評價體系，並進行金融監管，將有助於國內金融機構內部風險管理方法和外部監管技術跟上國際金融風險管理的發展潮流。
  16. This paper firstly analyzes the principle of m & a from two aspects of motivation and effects, it also introduces the meaning and types of m & a based on the analyses of the theory of m & a, this paper discusses the m & a process of chinas soes, such as problem of government behavior orientation, problem of capital evaluation of enterprises, problem of laws and regulations, problem of obstacles from stock market, problem of social security, problem of blind m & a, and so on. in order to solve mese problems, is necessary to clarify the behavior criterion of government in the process of m & a build up normative capital market and finance tools, establish sound social security system, establish and consummate the relevant law system, choose the suitable type of m & a, establish and consummate the capital evaluation system and surveillant organizations for property rights trades

    本文首先從企業並購的動因和並購的效應兩方面分析了企業並購的基本原理。在此基礎上總結了我國企業並購的發展歷程、特點及主要模式，分析了我國國有企業並購的內在動因及並購對生產要素重組的作用，最後從政府行為定位、資產評估、法律問題、證券市場的障礙等方面分析了企業並購中的盲目行為。最後論文認為規范政府的行為、建立規范的市場和金融工具、建立完善的社會保障體系、健全和完善相關的經濟和金融法規、建立健全資產評估機構及產權交易監督機構，是規范並購行為的必然選擇。
  17. This paper just start from abs ’ concept, operation process and participation main body, contact with abs ’ develop process and it ’ s develop current in our nation, analyzes on the likely risk and risk control measure during the handle process of asset - backed securities, then find the embarrassment and bepuzzlement in our nation ’ s asset - backed securities actualize process, and give out corresponding advice

    對此，本文從資產證券化的定義和金融特徵入手，分析了其融資方式與參與主體，進一步聯系國內外資產證券化的發展過程及我國資產證券化發展的現狀及趨勢，之後針對資產證券化的參與主體進行了風險及風險防範措施的研究。
  18. As a generation of special phase in the development of security market and joint - stock company, investment bank is a important body involving in capital market and mature financial system ; in the process of exploiting traditional and original businesses, it acts as a important media of capital supply - demand, innovator of financial instruments, server of capital increment, constructor of efficient capital market and propeller of resources allocation and industrial structure upgrade

    投資銀行作為證券市場和股份公司發展到特定階段的產物，是資本市場運行和成熟金融體系中的重要主體；它在開展各類本源業務和創新業務過程中，起到了資本供求的媒介者、金融工具的創新者、資產增值服務者、高效資本市場的構造者、資源配置的優化者和產業結構升級的推動者的主導性作用。
  19. As to the system functions, a trust is a organization which is long - term planning and which has flexible space that is able to fully protect the beneficiary institutions and so it is popular in practice of the securitization of assets in many countries. this model must be able to demonstrate the essence of the core asset securitization, risk - isolation mechanisms and the role of law is to make risk - isolation mechanism institutionalized and standardized

    從法律法規層面上，雖然特殊目的信託制度的成熟與完善需要時間以及經驗的累積，但這並不意味著特殊目的信託制度必須等到這些制度完全成熟再行開展，而是通過修訂相關的法律來為特殊目的信託制度引進與發展奠定堅實的制度基礎，從而完善我國資產證券化的法律環境。
  20. The characteristics of china stocking exchange and the gradual process of the issuing principles of new stocks are introduced in advance and then the importance of selection and accuracy of research sample and result, caused by the organization system of china ' s stock issuing market, the volume management principle, the marketing assistance principle, the verifying principle, the selling principle, the pricing principle and the change of issuing way involved are put an emphasis on. here the research sample of new stocks ( a - share ), issued and marketed in shanghai stock exchange from 2001 to 2002 are defined by synthesizing all of other elements

    論文首先介紹中國證券市場的特點以及新股發行制度的演進歷程，強調中國證券發行市場的組織體系、額度管理制度、上市輔導制度、審核制度、承銷制度、定價制度、發行方式變遷對研究樣本選擇和研究結果準確的重要性，並綜合考慮其它因素確定2000 - 2001年在上海證券市場發行並上市的新股（ a股）作為研究樣本。
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