第一級股市 的英文怎麼說
中文拼音 [dìyījígǔshì]
第一級股市
英文
mainboard-
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。Chapter three, according to the stated problems and the facts in the stock market of china, give some suggestions for the distribution of equity resource in the issuing market and the circulating market : the way for selection of listed company, the way for control of issuing, refbrm of the way for issuing price, regulating of medium agency and listed company, encouraging the listed company distributing resources by buying and reorganization
第三章，針對上述問題，結合中國股票市場實際，提出優化一級市場、二級市場股本資源配置的建議：上市公司的選擇方式、發行規模的管理方式、發行定價方式的改進；規范中介機構和上市公司行為；鼓勵上市公司通過兼并、收購、重組等行為優化資源配置；配股管理方法的改進。Now group company ' s three big pillar industry : the guarantee profession is grasping realization link bohai sea mayor the extended meeting 12th conference considers through the creation link bohai sea guarantee network bill, has interpolated the tianjin non - to be listed stock : ; the real estate industry is positively operating the tianjin conch shell bay center commerce business district development building items of basic construction, the construction surrounding seas union investment collection regimental head quarter headquarters building, the international commercial port building and the finance guarantee the building, is the collection first - class standard comprehensive commerce business center, the synthesis star class hotel, the office is a body multi - purpose, the high scale, the modernized large - scale commerce building, presently faces the domestic and foreign buying in partner, has set up the tianjin link bohai sea steel unit ' s production craft and the equipment design, the research and development work
現在集團公司的三大支柱產業：擔保行業正在抓緊落實環渤海市長聯席會第十二次會議審議通過的「組建環渤海地區擔保網路」議案，以參入天津市非上市公司股權流通試點工作，進一步增資擴股；房地產業正在積極操作天津市響螺灣中心商務商業區開發樓宇建設項目，建設環海聯合投資集團總部大廈、國際商務港大廈和金融擔保大廈，是集一流水準的綜合商務商業中心、綜合星級酒店、寫字樓為一體的多功能、高檔次、現代化大型商務樓，現面向國內吸納合作夥伴；組建了天津環渤海鋼鐵工程技術開發有限公司，實施取向硅鋼機組的生產工藝及設備的設計、研發工作。Zhengzhou coal industry ( group ) limited liability company ( hereinafter referred to as zheng meijituan companies ) built in 1958, when the new federated mining bureau, january 1989 renamed zhengzhou mining bureau, 1996 1 january original coal department approval for the establishment of state - owned exclusive investment companies, in september 2002 with china xinda, china huarong asset management corporation for the joint formation of a new company property is a category of countries large enterprises, national levels enterprises, the original coal department establish a modern enterprise system one of the pilot units, the coal industry and the first issuance of stock - listed companies
鄭州煤炭工業（集團）有限責任公司（簡稱鄭煤集團公司） ，始建於1958年，時名新密礦務局， 1989年1月更名為鄭州礦務局， 1996年1月經原煤炭部批準組建為國有獨資公司， 2002年9月與中國信達、中國華融資產管理公司聯合組建為產權多元化新公司，是國家大型一類企業，國家二級企業，原煤炭部首批建立現代企業制度試點單位之一，煤炭行業第一家發行股票並上市的企業。This paper, with the application of system innovation theory, new - system economics and management theory, has a careful investigation on the history of the institution - transformed companies at country level, and systematically set up a management pattern suitable for the further development of them, whose key points include the following : to build up good instruction - transformed companies at country level and upgrade them according to modern enterprise system ; to achieve detachment of enterprises from the government through reducing the burden of their political and social functions by effective policies ; to set up managerial structure suitable for market mechanism ; to realize market - oriented management ; to get rid of the " insiders - dominating " situation and bring into professional managers and outside talents ; to improve the supervi sory mechanism based on common villagers and non - shareholders ; to put into practice the industrial strategy and economic concept of " property as bases, tertiary industry as focuses " ; to reconstruct with market mechanism the " villages in city " ; etc. by the research, hoping to find out one good way of new management style for countryside urbanization on theory
本文運用制度創新、新制度經濟學、公司治理學中的理論，對村級轉制公司的歷史進程進行了細致的回顧，首次提出了如何系統地構建村級轉制公司的問題，關鍵環節包括：通過產權創新實現村級轉制公司的制度、體制創新：通過行之有效的政策取向減除其行政和社會職能的負擔，使之實現政企分開：構建適合市場機制的公司治理結構、轉向經濟型公司治理；改善「內部人」控制局面，引入職業經理人機制和外來優秀人才；健全以普通股（村）民和非股東為主的監事機制；實施以「物業為基礎、第三產業為重點」的產業戰略與經濟發展觀；引入市場機制改造「城中村」 。藉此研究，希望在理論上探索一條適應農村城市化進程的管理新體制，以點及面，以廣州市的農村轉制公司為點，構思村級轉制公司的構建與經營模式，供我國農村城市化的村級轉制組織參考。Shanghai etna furniture holding co., ltd., a furniture producer which integrates the research and development, design and sales of furniture for luxury hotels, has evolved into the most influential company in the industry of hotel furniture and will seize the largest market share in china in the field of furniture for hotels, apartments, and other commercial uses
上海林南傢具（控股）有限公司是一家集傢具研發、生產、規劃及銷售於一體的高級酒店傢具製造商，已經發展成為酒店家具行業最具有影響力的企業， 2007年將成為酒店、公寓、商業類傢具產業市場份額中國第一。分享友人