票價水平 的英文怎麼說
中文拼音 [piàojiàshuǐpíng]
票價水平
英文
fare level- 票 : 名詞1 (作為憑證的紙片) ticket 2 (選票) ballot 3 (鈔票) bank note; bill 4 (強盜綁架去用做抵...
- 價 : 名詞1. (價格) price 2. (價值) value 3. [化學] (化合價) valence
- 水 : 名詞1 (由兩個氫原子和一個氧原子結合而成的液體) water 2 (河流) river 3 (指江、河、湖、海、洋...
- 平 : Ⅰ形容詞1 (沒有高低凹凸 不頃斜) flat; level; even; smooth 2 (高度相同; 不相上下) on the same l...
- 票價 : the price of a ticket; admission fee; entrance fee; ticket price
- 水平 : 1. (跟水面平行的) horizontal;level2. (達到的高度) standard; level
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Dutch auction sets a singleshare price at the maximum level consistentwith clearing all stock on offer
荷蘭式拍賣按照所有上市的股票都能結清為準,將每股股價定在最高水平。A dutch auction sets a singleshare price at the maximum level consistentwith clearing all stock on offer
荷蘭式拍賣按照所有上市的股票都能結清為準,將每股股價定在最高水平。Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks
突出地表現在:資本市場服務于國企轉制,造成上市公司股權結構存在缺陷,致使公司治理失效,上市公司缺乏持續發展的能力,公司經營風險轉化為市場的系統性風險;政府對資本市場準入的行政性壟斷,形成上市公司「殼」價值,虛高股票市場價格,引發系統性風險;金融市場分割,特別是貨幣市場資金缺乏進入資本市場的正常渠道,利率市場化水平低,影響金融資產定價,導致違規融資盛行,加大了市場風險;而由於市場監管不到位,以散戶為主的投資主體結構,則易導致機構大戶利用內幕信息操縱股價,機構投資者的發展不僅沒有成為穩定市場的力量,反而成為操縱市場的主力,加劇了市場波動。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。For according to the economist ' s “ bubble guide ” ( see chart ), china ' s recent share - price boom is still relatively modest compared with the giants of history
依據經濟學人的泡沫導航圖(見圖表) ,與歷史相比較中國股票價格的膨脹仍然處于中的水平。Consequently, i applied the r / s analysis on the composite index of shanghai stock exchange and component index of shenzhen stock exchange from 1996 to 2001, to study the fractal structure of csms. the result of the analysis shows that the returns of the indexes do not obey brownian motion, but follow a biased random walk with hurst exponent being 0. 63 and 0. 65 respectively. hence, we can conclude that the china ' s stock markets are not yet efficient informationally
本文進一步運用重標極差分析法,分別對進入規范發展階段后的滬、深兩市股價指數日收益率和周收益率進行了分形檢驗,發現上海股票市場和深圳股票市場均具有分形結構,赫斯特指數分別為0 . 63和0 . 65 ,長期記憶周期分別為362天和2犯天,進而得出中國股票市場有效性水平較低的結論。Are china ' s stock markets really weak efficient, how to test the level of csms ' s efficiency, and how to improve the efficiency of csms are the urgent tasks of china ' s financial theory circle. this thesis is founded on these backgrounds above
而股票市場的有效性直接反映了資本能否根據股票市場形成的價格有效地進行資源再配置,因此,如何客觀地評判中國股票市場的效率水平,怎樣提高中國股票市場的有效性,以促進股票市場資源配置功能的有效發揮是一個亟待解決的重大課題。Secondly, it is analyzed that tradable shareholders will suffer a great loss resulting from non - tradable shareholders ’ selling for profit encashment when they haven ’ t paid enough consideration price in the share structure reform, based on the fact that transfer prices of non - tradable shares are much lower than that of tradable shares, and comparison between the discount ratio of transfer price of non - tradable share to tradable share and the lower ratio converted from consideration price paid in the share structure reform, by the conception of share price overflow between different transferring system in china
隨后本文援引華生關於我國股票市場流通股所存在的「流通性溢價」概念,通過非流通股轉讓價格遠低於流通股股價的事實,以及非流通股對流通股股價的折價率與股權分置改革方案給流通股股東帶來的折算的股價降低率之間的比對,說明了在股權分置改革對價水平不夠的情況下,非流通股股東為了兌現盈利而大量拋售股份和流通股股東因此蒙受虧損的狀況。An airline ' s share on a certain market is affected by the airline ' s level of service ( quality of product ), including flight frequency, ticket price and aircraft type offered to the market
摘要航空公司在某一市場上的份額受該公司在該市場提供的服務水平(產品質量)的影響,包括航班頻率、票價、機型等。As the price level goes up, 10 yuan notes are becoming more commonly used for change. the usage of 10 yuan is also greater than other denomination. therefore, we need a new denomination between 50 yuan and 10 yuan to satisfy the circulation need
隨著物價水平的不斷提高,在商品交易中10元面額的主幣逐步承擔起找零的角色,相對其他面額的貨幣來講, 10元面額票券的使用量較多,致使客觀上需要一種介於50元與10元面額之間的票券擔當重任,以滿足市場貨幣流通的需要。As the price level goes up, 10 yuan notes are becoming more commonly used for change. the usage of 10 yuan is also greater than other denomination. therefore, we need a new denomination between 50 yuan and 10 yuan to satisfy the circulation need. consequently, 20 yuan is added to complete the currency system
隨著物價水平的不斷提高,在商品交易中10元面額的主幣逐步承擔起找零的角色,相對其他面額的貨幣來講, 10元面額票券的使用量較多,致使客觀上需要一種介於50元與10元面額之間的票券擔當重任,以滿足市場貨幣流通的需要。Investors whobid higher than this level still get shares atthe clearing price
出價高於此水平的投資者,仍然能夠以結算價買到股票。The high p / e ratio has confused the financial order, has strengthened financial risks, hinder the growth of the real economy, not benefit the forming of correct investment concept, encourage behavior of speculating, cause inefficient distribution full play of function. we can reduce the high p / e ratio, suppress the p / e ratio to increase, by improving the management level, perfecting stock right structure and administration structure of the listed company, strengthening supervision of the listed company, stopping up all sorts of abnormal behavior of the stock market, perfecting the stock market system, trying one ' s best to reduce the government ' s intervention, changing means of the government interfere etc. then the china stock market can get lasting, healthy development
解決好我國股市市盈率過高的現象,可以從以下幾方面著手提高上市公司的經營水平,增強其盈利能力是降低股票市場市盈率的跟本;完善上市公司的股權結構,解決中國上市公司「一股獨大」的問題;要完善上市公司的治理結構,健全董事會制度是核心,發揮監事會職能實現權力制衡,構造適合中國國情的監督機關,對經營者激勵與約束同等重要,強化經營者的激勵和約束,讓利益相關者行動起來;加強監管,堵絕股票市場的種種不規范現象,對莊家的運作強化監管,對其違法違規行為加大懲治力度是促使中國股市持續、穩健發展所採取的必要措施;同時完善股票市場的制度建設,完善的退市機制,盡早推出確實可行的股票價格指數期貨市場;盡量減少政府的干預,轉變干預手段等。However, according to sources from the movie industry, hangzhou ' s price of movie tickets is not the highest one in china
而電影業內人士稱,杭州的電影票價水平在中國還不是最高的。Subc also passed another motion moved by hon lau kong - wah calling on mtrcl to provide additional information on the fare level of pbrl and the estimated additional revenue induced by pbrl to the rest of the mtr network
小組委員會亦通過劉江華議員動議的另一項議案,吁請地鐵就竹篙灣鐵路線的票價水平,以及該鐵路線估計會為地鐵網路其他路線帶來的額外收入提供更多資料。" members support the idea of a trigger mechanism to improve the predictability of fare adjustment and ensure that operators review their fare levels for possible reduction during deflationary periods, " said dr cheng hon - kwan, chairman of the tac
交諮會主席鄭漢鈞博士說:成員支持一個客觀啟動機制的構思,以改善對票價調整的預測性,並確保在通縮的情況下,營辦商會檢討票價水平並作出減費。The patronage forecast for the airport express line ( ael ) made in the new airport master plan ( the plan ) in 1991 was based on a number of assumptions, including competition from buses, ael s fare level, air passenger volume and composition, and congestion on north lantau expressway
於一九九一年擬訂的新機場總綱計劃(計劃)中所預測的機場快線乘客量,是基於一系列的假設,包括來自巴士的競爭、機場快線的票價水平、飛機乘客量和組合,以及北大嶼山快速公路的擠塞情況。Finally, after the essential factors that effect the ticket price of chongqing light rail transit are analyzed theoretically, this paper conclude that the optimal price level, which is between the marginal cost and the average cost, can be determined by ramsey pricing model and the idea of “ peak - load pricing ”
從理論上分析了影響重慶輕軌2號線票價的主要因素,提出了這個介於邊際成本和盈虧平衡之間的最優票價水平可以由拉姆齊( ramsey )定價模型和「高峰負荷定價法」確定。" we notice that kcrc has taken into consideration the keen competition amongst different modes of transport, comparable bus and east rail fares, passengers acceptance levels, and value of time ( vot ) benefits of railway journeys in setting the fares for the mos rail, " chairman of the tac ms teresa cheng said
交諮會主席鄭若驊表示:交諮會成員得悉九鐵在釐定馬鐵票價時,已考慮各種交通工具之間的劇烈競爭、巴士及東鐵的票價水平、乘客的接受程度,以及馬鐵旅程帶來的時值效益。Given that currently there are approximately 100 000 helicopter passenger trips per year, of the government s projected future increase in the passenger volume of helicopter services ; whether it has assessed if the fares for the coming 10 years set by the operator successful in the present bid will be higher than the level of the current ones, as well as the impact of the fare increases on passenger volume
鑒于現時每年約有10萬人次使用直升機服務,政府預計未來使用該等服務的人次的增幅為何有否評估是次中標的營運公司就未來10年厘訂的票價會否高於現時的票價水平,以及有關的票價升幅對乘客量的影響分享友人