In modern economy, finance system is crucial in allocation of capital resources 一、研究目的和意義在現(xiàn)代經(jīng)濟中,金融系統(tǒng)對資源配置起著至關(guān)重要的作用。
Globalisation of financial markets also brings higher efficiency in the international allocation of capital 金融市場全球化,亦可提高國際資金分布的效率。
And the existence of non-competitive return distorts signal at stock market, which results in inefficient allocation of capital factors ( the sixth chapter ) 超額“非競爭收益”的存在,扭曲了股票市場價格信號,導(dǎo)致了資本要素低效率配置(第六章)。
The modern technology and the finance are the foundation of the modern social economy ’ s development . and nowadays, the importance of modern financial is all-known . the allocation of capital resources is full-filled through financial structure 現(xiàn)代科技和金融是支撐現(xiàn)代社會經(jīng)濟發(fā)展的兩大支柱,當(dāng)代社會的經(jīng)濟資源是通過現(xiàn)代金融機構(gòu)而配置。
Further development of china s equity and bond markets would lead to more efficient allocation of capital, provide greater support for market oriented reforms ( as agents would not be so dependent on the government to limit risks ), and improve corporate governance 亞當(dāng)斯敦促中國向外國證券公司開放金融服務(wù)市場,進(jìn)一步改革銀行業(yè),從而加強對借貸的風(fēng)險評估并發(fā)展本國的股票債券市場。
Given china ’ s status as a global economic power, characterizing the nature and determinants of china ’ s capital inflows is of considerable interest for analytical reasons as well as for understanding the implications for the regional and global allocation of capital 我們從外商直接投資的總量,來源地特征,行業(yè)和地區(qū)分布特征以及中國fdi流出等方面對在我國的外商直接投資進(jìn)行了細(xì)致的剖析。
Corporate financing system in china lives through different modes of fiscal allocation, bank crediting and market coordination, and the allocation of capital is directed away from the former vertical and administrative ways to freer and marketized ones 我國企業(yè)的融資機制經(jīng)歷了財政撥款型??銀行貸款型??市場調(diào)節(jié)型的不同模式,其資金配置從縱向劃撥、行政性流動向縱橫交融、市場化流動發(fā)展。
I have no doubt that asian financial markets should remain open and, for those less open, continue with financial liberalisation, in order to benefit from the greater efficiency in the international allocation of capital that comes with globalisation 我確切認(rèn)為亞洲金融市場應(yīng)該保持開放,而那些開放程度偏低的經(jīng)濟體系,亦應(yīng)該繼續(xù)開放金融市場,因為唯有保持開放,大家才可以從全球化帶來更有效的國際資金分配中受惠。
There are tow types of finance systems : bank-leading system and market-leading system . the former is represented by germany and japan . the latter is prevailing in the u . s . in a bank-leading system, the financial intermediaries ( especially banks ) play extremely important role in allocation of capital 在前一種金融體系中,金融中介機構(gòu)(特別是銀行)在資源配置上起著重要的作用,而后者的銀行相對不重要,相反,金融市場在資源配置上起著極為重要的作用。