centralized trading 中文意思是什麼
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Science and technology development zone, gathering multiple functions such as research, development, production, distribution, and service, multiple enterprises and economic organizations with production, learning, research, and trading, mainly focuses on research, development, and production of high tech products, promotes the scientific research outcomes commercially, and fosters high tech enterprises and industries. the high tech industry group is shaped gradually whether by planned building or by self - development for a long time due to relative centralized in geography
科技園區是以研究、開發、生產高技術產品，推動科研成果商品化，培育高技術企業與產業為主要內容，集研究、開發、生產、銷售、服務多種功能，產、學、研、貿多種企業與經濟組織，或通過規劃建設，或經過較長時間的自我發展，在地理上相對集中，從而形成的高技術產業群。 -
Article 107 stock exchanges shall ensure fair centralized trading at competing prices, promptly announce quotations concerning the securities trading, compile securities market quotation tables for each day of trading, and announce the same
第一百零七條證券交易所應當為組織公平的集中競價交易提供保障，即時公布證券交易行情，並按交易日製作證券市場行情表，予以公布。 -
Article 113 a stock exchange shall, pursuant to laws and administrative regulations governing securities, formulate specific rules for centralized securities trading at competing prices, administrative regulations for its members and operational rules for its employees, and submit the same to the securities regulatory authority under the state council for approval
第一百一十三條證券交易所依照證券法律行政法規制定證券集中競價交易的具體規則，制訂證券交易所的會員管理規章和證券交易所從業人員業務規則，並報國務院證券監督管理機構批準。 -
Article 8 securities industry associations established according to law shall practice self - policing administration under the prerequisite of the exercise by the state of centralized and unified supervision and administration over operations of securities issuance and trading
第八條在國家對證券發行、交易活動實行集中統一監督管理的前提下，依法設立證券業協會，實行自律性管理。 -
The basement of repo is close restriction system, clearing time arrangement system, chair clearing system, term structure system and standard security system, all of which are quite complex. the repo in exchange market is much more complicated than it face to face, because the legal relationship has been changed, so the legal relationship of repo is very complex. in centralized trading system, between the investor who in repo trading and the security company is trust relationship
回購交易的制度基礎為封閉式約束制度、交易清算時間安排制度、主席位清算制度、期限結構安排及標準券制度，以上制度具有相當的復雜性，而集中交易市場中的國債回購又遠遠比一對一國債回購復雜，在許多方面改變了一對一國債回購的法律關系，因此，國債回購交易中，法律關系極為復雜。 -
The principle of price and time preference shall be practiced in centralized price bidding in stock trading
證券交易的集中競價應當實行價格優先、時間優先的原則。 -
Centralized competitive bidding in securities trading should follow the principle of price preference and time preference
證券交易的集中競價應當實行價格優先、時間優先的原則。 -
Whenever the shares bought back through the centralized competitive trading method account for an additional 1 % of the total share capital of the listed company, the listed company shall announce the same within two trading days of the date of the occurrence thereof
上市公司通過集中競價交易方式回購股份占上市公司總股本的比例每增加1 %的，應當自該事實發生之日起兩個交易日內予以公告。 -
A listed company may not buy back its shares by way of centralized competitive trading within five working days prior to the disclosure of its annual or interim report or before the public disclosure of information that would have a material effect on its share price
在年度報告和半年度報告披露前5個工作日或者對股價有重大影響的信息公開披露前，上市公司不得通過集中競價交易方式回購股份。
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