閉市價 的英文怎麼說
中文拼音 [bìshìjià]
閉市價
英文
closing price-
A protracted transfer that dragged on almost as long as the 2005 close season finally came to an end when michael ' s former club lyon accepted a chelsea record fee for their star midfielder
一場曠日持久的轉會,幾乎到了2005轉會市場關閉前才得以完成,最終馬歇爾的母隊-里昂接受了切爾西對他們明星中場的報價。So this paper tries to solve these problems through the following work : first, we select some index to valuate the close - end funds, including income, stability, risk in falling, stocks selecting ability and tuning ability, based on overseas funds valuation methods and domestic market condition ; second, we analyze the stability of all index and form two styles index, which are f and other bad stability index ; then, we form the valuation system, including two - layers index, which are p and factor score ; last, we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result. the main intention of this paper is to create the system of valuating close - end funds in our country, which is comprehensive and objective. in my valuation system involving the period from 2000 to 2003, the funds as a whole performs inferior to the stock index
首先,對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析,並結合我國的基金市場狀況,選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標;其次,根據我國基金分析的需要,採用了諸如基金交易價格、換手率等二級市場表現指標;然後,對這些指標進行了時間延續性分析,檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現,從而形成了兩類指標:時間延續性很好的s _ p和時間延續性不好的其它所有指標;再次,在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系: s _ p和因子分析中綜合因子得分值;最後,選取了我國2000年1月1日前成立的23隻封閉式基金作為樣本,並同時採用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析,得出了最終的比較性評價結果。Firstly, we find that both the quoted bid - ask spreads and depths decline dramatically in all twenty - five closed - end funds following the reduction in minimum tick size. we also find trade frequency increase. secondly, our analysis shows the reduction in minimum tick size cause an decrease in the variance of rice. finaly, we find that the minimum tick size influence the market efficency and the reduction in minimum tick size increase the market information efficency
研究結果表明:一,最小報價單位「分改厘」使上海證券交易所交易的25支封閉基金的買賣價差和報價深度明顯減小,而交易頻數增加:二,最小報價單位的減小降低了封閉式基金的價格波動性;三,最小報價單位的大小會影響市場效率, 「分改厘」提高了封閉式基金市場的信息效率。Directed by value notion mentioned above and by using the methods of comparative analyses, economic analyses, games analyses and systematic analyses, the author emphatically uses the legal mechanism in principle to discuss related legal problems, such as choices of withdrawing forms, regulations to the rights and obligations of all parties during the course of withdrawal etc, in the legal mechanisms in operation of financial institutions withdrawing from the market like merger & acquisition, administrative closing, bankruptcy etc. part iii : emphatically discussing the construction and perfection of several coordinative mechanisms ( rescue measures dealing with financial crisis, deposit insurance system and information disclosure system ) closely related to financial institutions withdrawing from the market, which will provide insurance to the usage of these legal mechanism
第二部分:金融機構市場退出主要法律機制研究。該部分是全文的重點,筆者以前述確定的價值理念為指導,運用比較分析、經濟分析、博弈分析、系統分析等方法,著重運用各種機理性法律機制對並購、行政關閉、破產等金融機構市場退出運行機制中諸如退出方式選擇、退出過程中各方權利義務的界定、金融監管機關的行政權與司法權沖突的救濟等相關法律問題進行了探討。第三部分:重要探討了與金融機構市場退出密切相關的幾種配套機制(危機處理的緊急救助措施,存款保險制度和信息披露制度)的建立與完善,為金融機構市場退出法律機製作用的發揮提供保障。For example, the separate market theory and the income - risk theory can not make clear the problem of fund discounts. correspondingly, the achievement theory and illiquidity of assets theory only can explain the fund discounts partly. it founds that investor sentiment theory build on behavioral finance appears to be the driving force of the dynamic fund discounts
通過各種直接和間接的統計檢驗,我們發現傳統的一些國內外對封閉式基金折價問題的闡釋,有的根本不能解釋我國封閉式基金的折價問題(如市場分割理論、收益風險對應理論) ,有的則只能起到部分的解釋作用(如業績理論、資產流動性理論) ,而建立在行為金融學基礎之上的投資者情緒理論相對來說有較強的解釋力。From now on, the yuan will be linked to a basket of currencies, the central parities of which will be set at the end of each day
從此以後,人民幣將與一籃子貨幣進行掛鉤,每個工作日閉市后公布人民幣匯率的收盤價。In london crude futures were up 17 cents at $ 55. 18 after having fallen in the past two trading sessions, while nymex was closed for the thanksgiving holiday
倫敦原油期貨價格在過去兩個交易日下挫后漲17美分,至55 . 18美元,同時紐約商業交易所因感恩節閉市。Pbc announces the closing price on real - time trading price of the usd against the rmb in the inter - bank foreign exchange market after daily market closing and use this closing price as the medium price for the next trading day
中國人民銀行於每個工作日閉市后公布當日銀行間外匯市場美元等交易貨幣對人民幣匯率的收盤價,作為下一個工作日該貨幣對人民幣交易的中間價。The, th chapter studies power of forecast of discount. the discount can forecast yield and is balanced with market index in long term
封閉式基金折價對收益率具有較為顯著的預測作用,且折價率的平均水平與市場走勢具有長期均衡關系。With the social and academic background, this article investigates and studies the farmers " behaviour and thinking changes of their activities of consuming, giving birth to children, adjusting of agricultural industry, going out to employ in cities, co - operation with others. and regards that farmers have good changes toward the reform aims in behaviour and thinking : the traditional idea that money isn " t so important as feeling is changed, they regards money is necessary and important in daily life and production ; they are as important as the society ; they are open - minded and change their former attitude that competing is unnecessary and intend to compete
有鑒於此,本論文通過對市場化進程中農民消費行為與心理、人口生產行為與心理、產業結構調整行為與心理、進城就業行為與心理、合作行為與心理等的調查,對我國農民行為與心理的變遷進行了實證分析與理論研究,認為隨著改革的深入,農民行為與心理已經發生了向市場經濟方向發展的良性變遷,即:傳統「重義輕利」價值觀念逐漸演化為「功利觀念」 ,農民已經能夠正確看待金錢在生產與生活中的作用;農民自我意識和個體取向的價值觀念有增強之勢;農民行為與心理已經從封閉轉向開放,從隨遇而安轉向競爭進取。In the paper, we use the method of financial market microstructure theory to study the price discovery process of close - and - open call auction with limited order in the framework of rational expectation
摘要採用金融市場微觀結構理論的方法在理性預期的框架下研究了只允許提交限價指令情形下的封閉式集合競價與開放式集合競價的價格發現過程。In chapter 2, we examine the effect of the reduction in minmum tick size on market liquidity. in chapert 3, we construct a new model which bases on the tick - by - tick trade data about volidity of price. using this model we check the impact of the reduction in minimum tick size on the volidity of price. in chapter 4, we check the effect of the reduction in minimum tick size on market efficency
在第三章,本文在分析了分筆交易數據的時序特徵的基礎上,建立了基於分筆交易數據的價格波動模型,利用此摸型,分析了「分改厘」對封閉式基金的價格波動性的影響。第四章討論了最小報價單位的減小對市場效率的影響。Using tick - by - tick trade and quote data around the onset of reduction in minimum tick size of shanghai closed - end funds, we examine the impact of the reduction in minimum tick size on market quality
本文利用上海封閉式基金最小報價單位「分改厘」之前與之後的分筆交易數據,考查了最小報價單位的減小對上海封閉式基金市場質量的影響。Along with the liberalization comes large fluctuation of interest rate, quick rising of interests rate risk of commercial banks and thereafter many financial institutions " bankruptcies due to great losses caused by interests rate risk
伴之而來的是市場利率大幅波動,商業銀行的產品定價面臨巨大挑戰,利率風險急劇上升,大批金融機構由於市場利率波動造成的巨大損失而倒閉破產。Bank is based on close contract, performs financial function in integration way, financial market is based on open contract, and decomposes financial function integrated in bank
銀行以封閉性金融合約為基礎,以一體化的方式實現金融功能;而金融市場以開放性金融合約為基礎,以交易和價格(利率)機制配置金融資源,對一體化于銀行的金融功能進行分解。( 1 ) the empirical analysis of the performance, the security selection ability and the market timing ability on 30 investment funds which are set before dec. 31, 1999. the time window is from dec. 29, 2000 to dec. 27, 2002. ( 2 ) the research on the relationship between scale and performance, and the performance of the index funds. ( 3 ) the comparison of the performance of close - end funds with that of open - end funds by selecting 9 close - end funds and 3 open - end funds in the period from dec. 28 2001 to dec. 27, 2002
主要工作包括以下三個方面: ( 1 )以1999年12月31日以前設立的30隻基金為樣本,選取2000年12月29日至2002年12月27為評價期間,對基金的總體績效、市場時機選擇能力和證券選擇能力進行了實證分析; ( 2 )對基金規模是否影響基金業績以及指數化基金的業績表現進行了考察; ( 3 )比較了開放式基金與封閉式基金的業績表現。However, in the process of vigorous growth of close - end funds, it has appeared a kind of phenomenon calling for serious consideration
但隨著封閉式基金數量的增多,我國封閉式基金也出現了類似成熟市場國家的持續折價交易現象。Under this condition, it is more and more important and necessary to do research on the price discount of close - end funds in china. the main purpose of this thesis is to explore the characteristics and causes of price discount in the trade of close - end funds in our country, as well as some main factors affecting the high discount rate. furthermore, the thesis proposes a number of countermeasures in a hope to guide people ’ s investment strategy, decrease the discount level and promote the
本文的研究目的在於結合我國證券投資基金市場的實際情況,試圖解釋封閉式基金折價有何表現特徵、封閉式基金折價的原因、影響封閉式基金折價的主要因素,以及面對封閉式基金高折價的對策等問題,並據此提出一些有針對性的可操作性建議,為基金投資和基金管理提供指導,為改革和完善基金的運作方式和監管制度提供參考,從而對我國證券投資基金市場的規范和穩定發展起到積極的促進作用。The discount transactions of closed - end funds are the normal phenomena of china and overseas fund market, and the failure of traditional economic theories to explain the discount brought suspicion to the efficiency market hypothesis
摘要封閉式基金的折價交易是國內外基金市場的普遍現象,而傳統經濟理論在解釋封閉式基金折價現象方面的失敗對「市場有效性假說」提出了質疑。Finally, these departments ca n ' t establish the information system and logistic system which can quick respond to the customers relate to cost. quality deliverable our country economy system is changing, it is changing from socialism planning economy to market economy. it is very important for us to research the supply chain management, we can learn from the foreign country " s enterprise practice. our goal of use of scm is controlling inventory, improving supply quality and strengthening the competitive capability
我國航空企業特別是材料采購在傳統計劃體制與運作模式下,多數是自成一個封閉系統,不重視對供應鏈的管理;製造商、供應商和經銷商缺乏長期合作的戰略夥伴關系,相互之間缺乏以信任和共同獲利為基礎的價值鏈,沒有形成滿足顧客在成本、質量、交貨時間等方面的要求而反映敏捷的物流和信息流。我國正在由計劃經濟體制向市場經濟體制轉變,研究國外近來發展迅速的供應鏈管理理論與方法並應用於gj航空公司的實際,對控制庫存、提高服務水平、增強市場競爭能力,有重要的現實意義。分享友人