financing instrument 中文意思是什麼
financing instrument
解釋
投資手段- financing : n. 資金的籌措，理財。
- instrument : n 1 儀表，儀器 〈cf tool implement〉。2 樂器 （＝musical instrument）。3 【法律】證件，證券，文件...
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As a new financing instrument, since convertible bond came to the capital market of china, becase of its speclation and investment, it was accepted by government and companies and investors convertible bond may play an important role in broadening enterprises ' financing channels, enrich the variety of investing instruments and make our security market prosperous. csrc has issued the interrelated rules for public firms issue the convertible bonds. until the end of 2001, it has 55 firms plan to issue the the convertible bonds. but by end of 2002 only 5 firms issued the convertible bonds because of investor ' worry. but in 2003, the management strengthens the security market such as some public firms just to " fold money ", the convertible bonds become the most invest tools for the public firms refinance. only if the behavior of issuing convertible bonds is normalized our security market can tend towards a mature way, social capital can be optimized, and the public firms can also develop in an ample area. this paper base on the character of the convertible bonds
國務院證券委員會在1997年3月25日頒發了《可轉換公司債券暫行管理辦法》 ，又於2001年4月26日頒發了《上市公司發行可轉換公司債券實施辦法》關于可轉換債券的規定和條例，對上市公司發行可轉換公司債券的要求條件比配股、增發更為寬松，截止到2001年4月，有200多家上市公司夠發行可轉換債券資格，到2001年底有55家公司計劃發行可轉換債券，但受到一些上市公司通過配股、增發等「圈錢」的影響，投資者對上市公司通過發行可轉換債券再融資是不得不持審慎態度， 2002年全年僅5家公司實施了可轉換債券，共籌集資金41 . 5億元人民幣，從總體發行情況看，發行規模越來越小，利率越來越高，投資者認可程度越來越低，發行和交易狀況每況愈下。 -
The fixed assets that the enterprise is using is average all answer plan carry depreciation, specific limits has : building and building ; in appearance of used machine device, instrument, carriage tool ; seasonal the fixed assets of out of service, heavy repair out of service ; financing is hired and in order to manage the fixed assets of means lease
企業在用的固定資產一般均應計提折舊，具體的范圍有：房屋和建築物；在用的機器設備、儀器儀表、運輸工具；季節性停用、大修理停用的固定資產；融資租入和以經營方式租出的固定資產。 -
Bills of exchange, also referred to as bills, are essentially a short term credit instrument that can be used by a company either for financing or investment
匯票，也叫票據，主要指一種可用作公司籌資或投資的短期信用票據。 -
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。 -
During this period, economic growing capital financing foreign - trade developing and capital market setting - up, all involved the efficiency of finance instrument designing controlling and running
在這一發展時期，經濟的增長、資金的籌集與流動、國內外貿易的發展、資本市場的建立，都涉及到了金融工具的設計、控制與運行的有效性。 -
Fourth, < wp = 8 > securitization integrated the financing agencies and the market agencies validly and efficiently, and therefore generates new financing organizations and services. abs can increase the usage efficiency of the corporate capital through the transformation of capital property ownership, but for the corporate investors, the investment risk will not depend on the corporate itself, but the risk of asset itself. from the angle of the corporate, abs has the following advantages : it provides a brand new financing instrument ; it brings the corporate the effect of reducing the asset cost ; it makes an effective assets - liabilities management for the corporate ; it becomes an economical way of financing for medium to small sized corporate
資產證券化可以通過對其資產所有權的轉讓提高企業資本的使用效率，而對于要投資該企業的投資者來說，其投資風險不再依賴于企業經營本身，而是依賴于資產自身的風險，從企業角度看，資產證券化具有以下優點：資產證券化為企業提供了一種新型的融資手段，資產證券化可以給企業帶來削減資本成本的效果，資產證券化可以使企業有效進行資產負債管理，資產證券化可以成為中小企業低成本融資的一種手段。 -
This is the main part of the thesis, the optimizing process of capital structure is classifies into three steps : the financing scheme is feasible or not ; effect of financial lever profit and financial risk ; the realization of the greatest value of enterprise and lowest wacc, which provide an effective analytical instrument for studying our country ' s enterprise capital structure
這部分是本文的重點所在，通常，企業融資結構的優化分三個步驟，即融資方案是否有利、財務杠桿利益和財務風險的影響、實現企業價值最大化和wacc最低。這個優化分析的通用方法為研究我國企業融資結構問題提供了一個有效的實證分析工具。第四部分：企業融資結構的決定因素及股利政策對企業價值的影響。 -
The negotiable instrument of present age is impacted by modern means of electronic payment, but only its extent of application is extruded. although its function of exchange, payment and settlement can be partly performed by modern electronic financial shifting system and the means of non - paper settlement, its intrinsic function, for instance, the function of credit and financing, shall not be replaced by other financial means. therefore, it is no reason to despise the development and improvement of negotiable instrument law and its theory
當代票據，雖然受電子化和現代支付手段的沖擊，但也不過是使用范圍被擠壓而已，其固有的功能如信用、融資，並無其他金融形式可以替代，即使匯兌、支付、結算等功能也只是部分地由現代電子資金移轉制度和無紙化的支付結算方式來完成，因此，沒理由對票據法及票據理論的發展和完善表現出不應有的輕視。 -
As a financing instrument, it developed quickly and has been widely adopted throughout the world
作為一種融資手段，它的發展極為迅速。 -
Thirdly, ownership of the exchanged financing instrument belongs to owner of the said commodity
第三，被交換的金融工具的所有權是屬該產品的所有者。 -
Therefore, some experts predict that cbs will become the most important financing instrument in the capital market in the future
以往我國企業偏重於股權融資而忽略了債權融資，導致債券市場沒有得到很好的發展。 -
Chapter 3 focuses on the detail of security companies " operation and the characteristics of securities marketing service, in order to clarify that security companies deal with service commodity rather than financing instrument
第三章重點討論了證券公司經營的內容以及證券公司營銷的服務特性。認為證券公司經營的是服務商品而非金融工具。 -
Assets securitization, regard as one of the most important financial innovation of global financial field for over 30 years, has already become major financing instrument of the capital market of developed country rapidly so far
資產證券化作為三十多年來全球金融領域最重要的金融創新之一，問世至今，已迅速成為發達國家資本市場的主流融資工具。 -
The corporate in our country is facing the financing puzzle which includes the high property ratio of debt to net worth and the financing channel sole. from the visual angle of asset securitization being a dominant instrument to solve the problem of bad property in corporate, the thesis mainly researches the operation way of asset securitization, and the impact to corporate, especially the firm value, when they choose asset securitization
我國上市公司面對著高資產負債率和融資渠道單一這種財務困境，本文從資產證券化作為企業解決不良資產問題的新型融資工具出發，主要系統地研究了資產證券化的運作方式和適用條件，以及通過對我國上市公司資產證券化的實踐案例的全面分析，論述了上市公司選擇資產證券化對企業的影響效果，特別是企業價值的影響。 -
In this dissertation, the development, the theoretical system, the steps of operation and the financing characteristics of as were detailed overall firstly, and then its theoretical system was concluded as a central principle - the analysis of flowing fund and three basic principles - asset reform, bankruptcy remote and credit enhancement. and it was pointed out that as is a new off - balanced financing instrument with low cost and a more advanced financing technique than direct financing
並把資產證券化的理論體系概括為：一個核心原理? ?現金流分析原理，三個基本原理? ?資產重組原理、風險隔離原理和信用增級原理，指出它是一種低成本、非負債性的表外融資工具，是一種比直接融資更加先進的融資技術。 -
Convertible bonds ( cb ) financing is now emerging in chinese capital market. public company using this kind of financial instrument can help to resolve the problems of exorbitant equity financing scale, few security types and slow financing innovation in this market
可轉換債券融資已在中國資本市場嶄露頭角，上市公司應用這種金融工具進行外部融資對于解決我國資本市場股權融資比例過高、證券品種單一和金融創新緩慢等現實問題有著重要意義。
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