证券融资

证券融资国际化会加剧市场上的信息不对称，与上市公司的负债水平正相关。

Security financing internationalization exacerbates market information asymmetry , and listed company debt levels are negatively related .

本文试图在我国境外证券融资的合作监管方面作一粗浅的探讨，以期为我国证券法律监管的进步作些努力。

This thesis has some discussion on the supervision on overseas security financing and cooperation so that it can have some contribution to the improvement of our security legal supervision .

第二章，跨国证券融资合作监管的经济和法律分析。

Chapter 2 the economic and legal analysis of security supervision .

证券融资市场加剧了流动性与杠杆化的盛衰周期变化。

Securities financing markets fed boom-bust cycles of liquidity and leverage .

对于国际证券融资的作用的分析我们不能仅仅局限于引进资金。

However , the effects of international financing are beyond accumulating funds .

企业证券融资能力的提升及运用

The Promotion and Application of Enterprises ' Stock Financing Ability

政府信用对增强企业的证券融资能力具有显著作用。

And that government contributes significantly to the securities financing capacity of the enterprises .

我国证券融资使用效率的实证研究

An Empirical Study on the Utilization Ratio of the Fund Which is Raised from the Stock Market of Our Country

目前，我国上市公司仍然没有打破以中介贷款融资为主、证券融资为辅的融资格局。

Currently , listed companies in China still do not break the main intermediary loans , securities market supplement financing patterns .

证券融资融券交易是海外证券市场普遍实施的一种成熟的交易制度，是证券市场基本职能发挥作用的重要基础。

Margin transaction is a mature system widely adopted abroad , based on which the basic functions of security markets could work smoothly .

扩大企业资产规模，提高证券融资能力，是企业寻求发展的必然选择。

To enlarge the scale of the capital fund and improve its ability in financing is a necessary choice for enterprises to seek development .

民间融资的主要方式有民间借贷、有价证券融资、票据贴现融资和企业内部集资。

The fundamental modes of folk financing are the folk credit , negotiable securities financing , bill discount financing and the enterprise interior gathers capital ;

创业板市场又名二板市场，它是专门为中小高新技术企业或快速成长的企业而设立的证券融资市场。

Business establishment block market , alternate name second block market , is especially set up for fleetly growing enterprises or mediumtype and minitype high-tech enterprises .

证券融资融券交易是证券市场一种重要的交易方式，许多国家和地区证券市场已经广泛采用了这一成熟的证券交易制度。

Margin trading is considered as an important stock transaction method and a mature stock system , which has been widely adopted by many countries and regions .

文章的最后本文指出了完善我国证券融资融券机制的相关政策建议，并借鉴国外成熟证券市场中的管理经验，提出完善我国证券融资融券机制中的相关策略，具有一定的可操作性。

Finally , the article points out the mechanism of Securities Margin relevant policy recommendations , and learn foreign management experience in mature markets in the proposed mechanism of Securities Margin of related strategies , have certain operational .

本文还对证券融资融券交易效果的双重性进行了仔细的分析，得出其积极方面体现为：第一，完善股价形成机制，增强股票交易的公平性。

This article also effects on securities margin trading the dual nature of a careful analysis of the positive aspects of their embodied obtained : First , improve the price formation mechanism , enhance the fairness of stock trading .

第一，民间融资存在民间借贷、有价证券融资、票据贴现融资和企业内部集资四种主要形式，具有手续简便、利率高、增长快和公开化的特征；

First , informal financial transactions can be classified into four forms , as informal credit , securities finance , draft discount and employees finance , and characterized by convenience , higher interest rate , rapid growth and open trade .

作者认为，随着股份制企业的快速发展，原有的信贷体系根本无法满足市场日益膨胀的资金需求，证券融资模式成为客观需要。

According to this part , my opinion is that , with the fast development of joint-equity enterprises , the original credit system cannot satisfy the increasing fund demands , and thus it is the objective requirement for financing mode of securities .

证券融资、全能银行服务、巨型银行集团、网络银行、金融全球化给银行业带来了前所未有的冲击，银行业要获得新生，必须加快培养现代银行家。

Banking industry has confronted a never-met assault by securities finance , full service banking , giant bank group , network bank , and financial globalization . The step to cultivate modern bankers must be fastened , should banking industry get restarted .

然而现有的各种融资方式，包括民间投资、财政投资、金融信贷和证券融资等融资方式在独立解决农村基础设施建设融资问题时都存在一定的局限性。

However , there are some limitations of the presently main financing modes , namely folk investment , fiscal supporting , financial credits and stock markets . As a result , these four kinds of financial channel can not solve problems existing rural infrastructure construction .

ABS是以项目所属的资产为支撑的证券化融资方式。

ABS is a stock capital blend method backed by the asset of the project .

PL集团资产证券化融资的可行性分析

A Feasibility Study on Securitization Financing for PL Group

资产支持的证券化融资（Asset－backedSecuritization）是近几十年来世界金融领域最重要的创新之一。

Asset - Backed Securitization ( ABS ) is one of the most important financial innovations in the last decades .

本文结合宝信租赁的投资特点和企业实际现状，引出资产证券化融资方式（Asset-backedSecurities，ABS）。

This paper combining with the investment characteristics of Baoxin and the actual situation of enterprise leads to the Asset securitization financing ( Asset-anyway : spreads over gse-backed loans Securities , ABS ) .

举例而言，花旗集团（citigroup）估计，在信贷危机爆发之前，价值逾8万亿美元的全球资产通过证券化融资，其中包括大量商业地产贷款。

Citigroup , for example , estimates that before the crisis , more than $ 8000bn worth of global assets were funded via securitisation , including a large swathe of commercial property loans .

其中SPV是一个典型的空壳公司，仅是为了资产证券化融资设立的法律意义上的经济实体，在各国和《国际贸易应收款转让公约》对SPV的立法别具一格。

SPV is a typical shell company and its goal is legally financing body . Lawmaking of SPV are various in countries and " Convention on Assignment of Receivable ( Convention )" .

再次，通过对XB证券公司融资融券业务风险管理进行研究，从风险控制体系、具体业务风险及防范措施、风险评估等方面，进行了详细的研究分析。

Again , the paper makes detailed research and analysis from the risk control system , business risks and preventive measures , the empirical analysis etc , through empirical study of risk on the securities margin trading of XB Securities Company .

高速公路资产证券化融资的应用探讨

Discussion on the Application of Assets Securitization on Highway Financing

证券公司融资的制度困境及其突破（上）

Financing for securities companies : Barriers and breakthroughs in the system (ⅰ);

构造电力企业证券投融资机制。

Construct the stock investing and circulating system for electric power enterprises .