market data on china 中文意思是什麼
market data on china
解釋
中國市場數據-
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。 -
Basing on abundant firsthand data, the paper analyses the market situation and technology condition in china in digital camera
本文在大量詳實的第一手數據基礎上，對中國數碼相機的市場環境和技術狀況進行了詳盡地分析。 -
Then r / s analysis, phase space reconstruction of the system, chaos analysis and fractals analysis are done through matlab program, based on original data of hushen stock markets compositive index from year 1991 to year 2002. and the author draws a conclusion based on original data that china ' s stock market obeys low - dimension fractals and ebb - chaos in terms of the experimentation result : hurst exponents are between 0 and 1, memory cycles are obvious, lyapunov exponents are more than zero and chaotic attractors correlative dimensions are between 2 and 3 in hushen stock markets in this thesis the concept information noises is put forward. stock market information about policy and company of the last ten years is packed up and classified for regulators make decisions in terms of power the factor influences the stock market index
之後文章以中國股市1991年至2002年上海和深圳綜合指數每日收盤價原始數據為研究對象，在matlab程序實驗條件下，進行了兩地股市系統的r / s分析、系統相空間重構、混沌分析、分形分析；獲取了兩地股市系統的赫斯特指數（滬深股市赫斯特指數均大於0 . 5而小於1 ） 、非周期記憶循環周期（滬深股市都有明顯的記憶循環周期） 、最大李雅普諾夫指數（兩市都大於0 ）和吸引子的關聯維數（兩市都在2到3維之間） ；從而得出中國股市系統是低維分形的、弱混沌的（基於原始數據）結論。 -
Combined with data from current securities market in china, chapter 3 utilizes statistic and multi - analysis, comparatively researches the differences of the corporate governance structure and management performance between the absolute - controlled and relatively - controlled listed state - owned enterprises, comparatively analyses the structure and the operating quality of board of directors between the absolutely - controlled and relatively - controlled listed state - owned enterprises, gives imperical research on the influence of shareholding alteration upon management performance of the corporations
論文的研究側重在結合我國當前的證券市場數據，運用統計和多元線性回歸方法，比較研究絕對控股和相對控股的國有上市公司法人治理結構在公司經營績效上的差異性;比較分析絕對控股和相對控股的國有上市公司董事會的構成及運行質量;實證研究股權結構對公司經營績效的影響。 -
Yearly and monthly statistical data on the socio - economic situation of the dynamic market and china s external trade performance
大部分數據收錄自1995年以來國家及各省市地方統計機構的統計年鑒及海關統計、經濟統計快報等月度 -
Through the review of theories about capital structures of foreign countries, the paper compares developed with developing countries in the capital structures and analyzes the character of chinese listed company. based on ample data, the proportion of equity financing is much more than that of credit financing in the capital structure of listed company. it indicates that listed company ' s choice of financing approach has an intensive predilection of equity financing, which is far from “ pecking order ” of financing approach in matured market. at the same time, the efficiency of equity finacing is not hight, so is debt finacing. the funds raised from equity finacing changes high frequency and lacks restrict, and the efficiency of debt finacing from bank is not hight because of “ soft restriction ”. despite the debenture has a preferable restrict, it grows lentitudily in china
大量數據說明中國上市公司融資結構中股權融資的比重遠遠超過債權融資，與成熟市場條件下公司融資方式的「啄食順序」不同，有著強烈的股權融資偏好。同時，中國上市公司的融資效率是低下的，不管是股權融資還是債權融資。股權融資募集資金變更頻繁，缺乏約束，資金使用效率不高;銀行債權融資存在軟約束，使用效率同樣不高;公司債券融資具有較高的約束力，但在我國發展受到限制。 -
Based on the high frequency data, through the study of five - minutes absolute return data of copper in shanghai future exchange, a l - shape effect of intraday return and u - shape effect of intraday volume and intraday frequency of transactions are concluded and an analysis of the relationship between the model and microstructure of future market in china is suggested
摘要本文運用高頻數據對我國上海期銅的收益率、交易量和交易筆數的日內變動模式進行研究，從而得出了上海期銅日內5分鐘絕對收益率波動性的" l "型變化模式以及5分鐘交易量和交易筆數的" u "型變化模式。 -
On the basis of collecting a quantity of data and information, according to demonstrative analysis of the cases of listed grid company in the world, combined with facts of electric power industry in china, the paper does a emphasis analysis on the problem of the necessary and the feasibility for the state grid corporation of china " s diversity for equities. according to qualitative compare in several projects, the paper proposes a exercisable plan for the state grid corporation of china " s reform and coming into market and gives relevant policy suggestions
本文從國家電網公司的產權沿革及面臨的現實問題為切入點，在搜集大量資料和數據的基礎上，通過對國內外電網公司上市案例的實證分析，結合我國電力工業的實際，重點分析了實現國家電網公司股權多元化的必要性和可行性，通過對多方案定性比較，提出了國家電網公司本部電網資產重組上市的可操作性方案和相應的政策建議。 -
And then 1 will give a empirical analysis to get some conclusions on the base of the data. the mainly conclusion are : finance development do contribute to china ' s economy ' s growth and in which the commercial bank play the major role while the capital market in the representative of the stock exchange do n ' t play any role to china ' s economy, and the authority ' s monetary operations will help the economy ' s growth
本文對數據所形成的實證研究所得出的最終觀點包括：金融深化整體上對經濟增長產生正向作用；金融體系中的商業銀行發展對中國經濟增長的作用很明顯；中國證券市場的發展並沒有對中國的經濟增長形成有力的支持；通過調節貨幣市場的貨幣存量，可以對經濟增長氏形成一定的正向作用。 -
Due to the unavailablity of the data on stock index option in china ' s securities market, the formula based on the extension of b - s model can not be applied to practical research
首先，對布萊克-斯科爾斯期權定價模型中的參數進行了分析確定。將貸款期限在五年以下的個人購置住房貸款年利率4 . 95 %作為無風險收益率。 -
After the 2. 5 generation mobile communication technology gprs brought into market by china mobile corporation, the cost of data transmission has been reduced. because of gprs has characteristics of charge in quantity, always online, lower cost, make it become the best solution of mobile data transmission. based on research of gps, gprs, we gave a design of new system as a whole and the implement of design of terminal on car and transmission way of position data
對移動載體的自動跟蹤技術是自動控制領域的一個核心問題，在軍事上，制導與跟蹤都要求裝備具有快速、靈活的反應能力，來精確地對移動目標進行定位跟蹤的系統;在通信領域，移動載體之間的相互通信和移動載體與靜止載體之間的通信都依賴于自動跟蹤技術;在天文領域，要研究某一天體的運行規律，就必須對它時刻追蹤，將其原有的機械式手動跟蹤望遠鏡改為自動跟蹤系統，無疑會大大的節約出人力物力。 -
By working together, dvn and motorola will be able to capitalize on each company s respective strengths, and hence accelerate the deployment of digital home terminals ( also known as set top boxes ) in china. " with video, data, and voice beginning to converge around the world, motorola with its strengths in broadband and hardware ; and dvn with its presence in china and strengths in application software for the china market, will be able to provide the technology to facilitate this convergence in china
透過雙方攜手，天地數碼與摩托羅拉將可充份利用彼此的優勢，加快家居數碼廣播接收機（又稱機頂盒）在中國的普及應用。全球的影像、數據及話音傳輸日趨整合，憑藉摩托羅拉在寬頻技術及硬體上的優勢，加上天地數碼在國內市場的地位，以及在應用軟體方面的資深經驗，將可為中國在這個通訊整合的大趨勢下，提供所需之技術。 -
The thesis takes finance risk as research object which studies up on the theory system, statistic measurement models and policy of china macroscopic finance risk. the author applies lots of data in analyzing and evaluating china macroscopic finance risk from the establishment of market economic system, and tries to explore the discipline and characteristic, then bring forward theoretical source and policy suggestion for the strategic management of national macroscopic finance risk. the main contents is as follows : the first chapter defines risk, finance risk and macroscopic finance risk, then concludes the basic characteristic of macroscopic finance risk, involving the complexity and multiplicity of forming reasons generated latency, accompanying of finance development and severity of educing crisis. finally, it discusses forming mechanism of macroscopic finance risk from three aspects, such as general source, informational source and international background represents following action and gearing utility in the process from risk to crises
本文以宏觀金融風險為研究對象，研究我國宏觀金融風險的理論體系、統計度量模型和政策，運用大量的統計數據對市場經濟體制建立以來我國宏觀金融風險狀況進行了分析和評價，試圖探索我國宏觀金融風險的變化規律和形成原因的特殊性，為國家宏觀金融風險的戰略管理提出理論依據和政策建議。其主要研究內容如下：首先，從風險、金融風險和宏觀金融風險等定義出發，總結了宏觀金融風險形成原因的復雜性和多重性、生成的潛伏性、與金融發展的相隨性和引發危機的嚴重性等基本特徵，從金融風險產生的一般根源、信息根源和國際背景三方面論述了宏觀金融風險形成的機理，最後闡釋了從金融風險到金融危機的傳導機制。 -
The results based on comparative analysis and data analysis are : poor competitive capability of china reinsurance industry, reinsurance business heavily relying on international market, reinsurance fee largely going abroad
其次，在對比分析以及數據分析的基礎上得出結論:我國再保險業競爭力不足，再保險業務嚴重依賴國際市場，再保險費大量外流。 -
And then, the thesis import a thrice - polynomial technology to depict the yield curve of shanghai stork exchange market and gained the yield curve chart. under one factor model hypothesis, deduce the bond pricing formulae. based on 1945 data of buy - back rate in banking market, the thesis use ols and gmm estimation technologies to estimate the parameters of vasicek model, cir model, and ckls model, and verify which model can explain the china market ’ s short rate ’ s wave
然後，從實證的角度，用三次多項式來擬合上交所國債收益率曲線，並得出收益率曲線圖，在單因素模型推導了動態理論期限結構下的債券定價公式，並以1945個中國銀行間債券市場7天回購利率數據作為短期利率的代表，驗證vasicek模型、 cir模型與ckls模型是否適用中國短期利率的波動行為，估計出三個模型的參數。 -
Based on the conclusion of the first time ' s studying, i carry through the markov process again. then there will be some conclusions about my study as followed : 1 ) it is no use to just copy the theories abroad, for the companies in china are different from those abroad. 2 ) the method of estimating the equity risk premium through the history data could work out the average history equity risk premium, but it ca n ' t explain the characteristic that the equity risk premium vibrate with time. 3 ) by studying, we know that the level of equity risk premium in chinese stock market about one week is positive usually
利用上述模型，我們進一步對我國股票市場的股權風險溢價進行短期的預測，在預測過程中，本文使用了兩次馬氏鏈進行研究，通過第一次將一些市場中幾乎不會出現的特殊點去除，在第一次的基礎上進行第二次馬氏鏈分析，並進一步得出了相應的研究結論： 1 ）照搬國外有關股權風險溢價的理論應用到我國股票市場上是草率的，國外的理論雖然比較成熟了，但由於種種原因，這些理論還是無法應用於中國的股票市場。 -
The company was established in 1992 with the aim of providing detailed, extensive, and in depth market research data on the china computers and communications markets
-中國最大的彩管生產基地的全面介紹，有英文版，中文gb和big5碼。 -
Thirdly, based on a comparative analysis of urbanization level, space density, municipal utilizes development, and a number of economic and technical data in property development and building industry in east, west and central china, it is concluded that there are tremendous differences in building industry between the west and the east area ; gaps in urban and rural construction and development between the west and east area are embodied by urbanization level ; construction and building industry occupies a protruding position in western economy, but industrial efficiency, technological and equipment level are weak links hindering further development and competition of the region ; the extent to which the real estate market develops is a sever barrier to normal development of property industry in western region
第三，在社會經濟發展比較的基礎上，界定了東西部建設行業技術經濟比較的范疇及指標體系，通過對東、中、西部城鎮化水平、空間密度、城市首位度、城市市政公用設施建設水平和房地產、建築業發展指標等技術、經濟數據的比較、實證分析，筆者得出了東西部地區在建設行業發展上存在較大差異，東西部地區城鄉建設和發展差異主要表現在城鎮化水平上；建築業在西部經濟中佔有突出地位，但行業效益和技術裝備水平是進一步發展和競爭中的薄弱環節；房地產市場的發育程度嚴重製約著西部地區房地產業的正常發展等主要結論。 -
Main argument is the choice of the " bank - dominating " or " market - dominating " financial system. the study way of this paper is thatmainly from perspective of the " money - - output ", " bank and the stock market - - output growth " and " banks and the stock market - - output volatility ", buildthe empirical testing model on the past statistical data of china, and make theconclusions, suggestion and reasonable explanations through the analysis ofthe results. the structure of this paper is as follows : part, make research on the relationship of money and economic output. discuss the basis problems on the money research and money theories
首先，探討了貨幣研究的基本問題和理論，對貨幣供給量與我國產出之間的關系進行了實證研究;其次，對金融體系的構成與經濟發展的關系進行研究，並對我國金融體系中的主體，銀行和股票市場與我國經濟增長之間的關系進行了實證研究;最後，針對經濟波動的問題，從金融體系的波動角度進行解釋，對我國金融領域中貨幣供給量波動和股票市場波動與我國固定投資波動和產出波動之間的關系進行實證研究。 -
The meaning of our research is that we introduced the efficiency of market and risk from a new point. we not only described the theory of the emh, but also we tested the availability of emh on china ' s market with the latest data and the latest method. we hope our research will be helpful for research in the field of efficiency of china ' s market
然而資本資產定價模型的本質告訴我們，在風險資產的定價中，僅影響風險資產的方差而不影響該資產與市場資產組合的協方差的風險因素-即市場中的非系統風險- - -在資產定價中不起作用，只有該資產的系數對資產的收益有影響，也即對定價有影響，就是說，與無關的其他因素（非系統風險）對資產的收益和定價不起作用。
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