Fictitious change? A few days ago, microsoft referred year 10-K to report to committee of buying operation of American negotiable securities a few days ago, in the report, microsoft expresses, in server and tool business side, citrix is his main competitor, its are fictitious changed a product to constitute menace to Microsoft.
虚拟化？日前，微软日前向美国证券交易管理委员会提交了年度10-K报告，在报告中，微软表示，在服务器和工具业务方面，Citrix是其主要竞争对手，其虚拟化产品对微软构成了威胁。
Therefore, we believe that the introduction of margin trading and securities lending market will help lay a solid foundation for stable operation of the internal and improve the market mechanism, and the short features will help reverse stock index futures arbitrage, from China Long-term development of the capital market point of view, is an extremely important financial innovation.
因此，我们认为，保证金交易和证券借贷市场的推出将有助于稳定奠定了坚实的基础运作的内部和完善市场机制，从短期功能将有助于扭转股指期货套利，从中国长期的角度发展资本市场的角度，是一个极为重要的金融创新。
The securities regulatory authority of the State Council should audit so custody fee and operation cost during custody.
国务院证券监督管理机构应当对托管费用和托管期间的营运费用进行审核。
Article 10 The entrusted securities firm should undertake custody fee and business operation cost during custody.
第十条 被托管证券公司应当承担托管费用和托管期间的营运费用。
This system operation is simple, provides the similar negotiable securities quotation software's operation contact surface, provides to be listed complete financial reporting and the related analysis target, provides nearly more than 30 kind of character indices and carries on the tabulation screening analysis from the definition target to all companies, provides all stock similar Buffett value analysis, provides all stock basic situation analysis, provides all stock specific target and the specific time contrastive analysis, through increases the attention stock the form the company which pays attention to the user to carry on the contrastive analysis; Provides the profession and the local classification random target analysis; Carries on the tabulation analysis, the graph analysis to all analysis target; Uses the trend analysis, the structure analysis, methods and so on ratio analysis, comparative analysis; The analysis result may preserve is the Xls document, the Word documents; And has both by the memorial to the emperor the analysis report from the property debt condition, the profit condition, the cost condition, the operational risk, the cash flow condition, the financial benefit condition, the property operation condition, the credit capacity condition, the develop power condition, the financial difficult position predictive parsing, the fund chain analysis and so on many aspects carries on the overall analysis to enterprise's management and the financial situation.
本系统操作简单，提供类似证券行情软件的操作界面，提供上市公司全部财务报表及相关的分析指标，提供近三十多种特征指标及自定义指标对所有公司进行列表筛选分析，提供所有股票类似巴菲特价值分析，提供所有股票基本情况分析，提供所有股票特定指标及特定时期的对比分析，通过增加关注股票的形式对用户所关注的公司进行对比分析；提供行业及地区分类的任意指标分析；对所有分析指标的进行列表分析、图形分析；采用趋势分析、结构分析，比率分析、比较分析等方法；分析结果可以保存为Xls文件、Word文档；并且以表文兼备的分析报告从资产负债状况、利润状况、成本状况、经营风险、现金流量状况、财务效益状况、资产运营状况、偿债能力状况、发展能力状况、财务困境预测分析、资金链分析等多个方面对企业的经营和财务状况进行全面分析。
And what Tang Jun does, be be worth those who finish information of pair of HongKong and Macow to be bought with the 100 million yuan appraise in the hearsay, let this asset be in new China series asset is convex come out now, enter the real operation of information of HongKong and Macow truly, hold the position of the president of information of HongKong and Macow personally, reorganization administrative group, held water 1994 to this, an extensive of company that is engaged in service of news of terminal of information of development of platform of financial database research and development, IT, negotiable securities grand blue print: Chinese Bloomberg.
而唐骏所做的，是以传闻中1亿元的估值完成对港澳资讯的并购，让这块资产在新华都系列资产中凸现出来，并真正进入港澳资讯的实际运营，亲自担任港澳资讯的董事长，改组治理团队，并给这家成立于1994年，从事金融数据库研发、信息技术平台开发、证券资讯终端信息服务的公司一个恢宏的蓝图：中国的Bloomberg。
A securities company shall undertake its self-operation by using its own capital and funds as lawfully raised.
证券公司的自营业务必须使用自有资金和依法筹集的资金。
Reverse operation of its securities market to prevent sharp market fluctuations irrational.
逆向操作的证券市场，以防止市场剧烈波动的非理性。
Because the management of the fixed assets is an important ring in the everyday control link of securities broker company, so the fixed assets become a very important target of managing of securities broker company, he is serving as an important role in the operation and management of the whole company.
因为固定资产的管理是证券公司日常管理环节中重要的一环，因此固定资产就成为证券公司很重要的一个管理对象，他在整个公司的经营、管理中担任着一个重要的角色。
CSC`s integrated trading systems have achieved the safe, credible, efficient and stable operation for several years. Through about 50, 000 counter terminals and self-service terminals in its 120 business outlets, CSC provides its customers with professional on-spot securities transaction services.
公司集中交易系统连续数年保证了安全、可靠、高效、稳定运行，通过120个营业网点近5万台柜台、自助、热自助等交易终端为广大客户提供专业化现场交易服务。
Article 5The assets formed by payments for the enterprise annuity fund and by the operation of the annuity fund shall include the monetary funds, settlement accounts receivable of securities, interests receivable, purchases of resale securities, other receivables, bond investments, fund investments, stock investments and other investments.
第五条企业年金基金缴费及其运营形成的各项资产包括：货币资金、应收证券清算款、应收利息、买入返售证券、其他应收款、债券投资、基金投资、股票投资、其他投资等。
And now it`s confession time: I`m sure I could have saved you $100 million or so, pre-tax, if I had acted more promptly to shut down Gen Re Securities. Both Charlie and I knew at the time of the General Reinsurance merger that its derivatives business was unattractive. Reported profits struck us as illusory, and we felt that the business carried sizable risks that could not effectively be measured or limited. Moreover, we knew that any major problems the operation might experience would likely correlate with troubles in the financial or insurance world that would affect Berkshire elsewhere. In other words, if the derivatives business were ever to need shoring up, it would commandeer the capital and credit of Berkshire at just the time we could otherwise deploy those resources to huge advantage. A historical note: We had just such an experience in 1974 when we were the victim of a major insurance fraud. We could not determine for some time how much the fraud would ultimately cost us and therefore kept more funds in cash-equivalents than we normally would have. Absent this precaution, we would have made larger purchases of stocks that were then extraordinarily cheap.
接下来是忏悔时间，如果当初我当机立断关掉通用再保证券部门，我确信可以为大伙省下税前1亿美元的损失，查理跟我当初在购并通用再保时，就知道其证券部门很令人讨厌，只是当时帐面上的盈余数字误导了我们，虽然我们总是觉得这部门有极高的风险且无法有效的衡量或限制，更有甚者，我们知道这部份所可能产生的任何重大问题，无论是金融或是保险方面，再再皆与Berkshire其它营运隐含某些关连，换个角度说明，如果说我们打算继续支撑衍生性金融商品部门，这代表我们必须放弃Berkshire本身原来可以运用的资金与信用所创造出潜在的更大利益，(历史的经验告诉我们，1974年我们在保险舞弊案所经历的惨痛教训殷鉴不远，我们无法判断当时的舞弊事件将会引发多少的成本，这使得我们必须被迫将众多的资金摆在流动性最高的约当现金之上，若非如此，当时我们大可以趁股市低档大举买进更多物廉价美的好股票)。
At the base of introducing the basic operation structure, core theory, key technology of the Capital to be securities, this paper uses compare method to analyze the need of the Capital to be securities and the feasibility of implement. Then looking at Z group as the object, the paper designs and arrange the financing model of offshore Capital to be securities-an effective way of developing Capital to be securities, and the relative issues in now station of our country.
本文在全面介绍资产证券化的基本动作结构、核心原理、关键技术的基础上，运用比较研究方法对我国资产证券化需求以及实施的可行性做了系统分析，以Z集团为对象，对我国目前的状况下，开展资产证券化进行融资的有效途径一离岸资产证券化的融资模式及相关问题进行了整体设计和安排。
The third one, in U. S. A., it's the American Federal Reserve Committee who is responsible for supervising the financial holding company of mixed operation, the bank, securities, insurance are supervised separately by other supervision departments separately.
三是，美国由美联储作为伞式监管者，负责监管混业经营的金融控股公司，银行、证券、保险分别由其他监管部门分别监管。
It is noticed that Chinese Central Bank has attached more importance to the function of open market operation in adjusting interest rate. The central bank, which buys and sells securities in capital market and signals the trend of interest...
市场已注意到，央行越来越注重发挥公开市场业务引导利率的作用，其在金融市场上对有价证券等的公开买卖，向市场发出利率走向的信号，其干预市场利率的意图越来越明显。
To protect the stable operation of the securities market.
以保障证券市场的稳定运行。
Stable operation of the securities market and the healthy development is directly related to the financial order and social stability.
稳定运行的证券市场的健康发展，是直接关系到金融秩序和社会稳定。
The Intermediaries provides grounds of opposition for married operation in securities exchange. Secondly, by reviewing securities regulations in china, to my thinking, there is no express provision of securities broker relationship in law, which causes a great controversy in the academic world and in the judicial department.
认为代理说中，混淆了英美法系与大陆法系中的代理术语的涵义，若从代理说，有悖大陆法系中代理的基本法理；分析了行纪说中介入权的问题，认为从行纪说会为证券交易中混合操作提供抗辩理由；通过对居间说的介绍，认为居间说并不能反映证券经纪操作中的全部实质。
Yintai investors who have acquired real estate development and management, financial and securities industry, investment and management, large-scale commercial operation of the three core department store business, its stake in listed companies such as Yintai, securities companies have Tianyi Securities, There are built in various parts of the Yintai chain department stores, as well as Yintai Sanya Resort Intime hotel and Zhejiang, Ningbo Yintai, Shenyang Yintai, Yintai home, such雍和家园to real estate-oriented integrated enterprise.
银泰投资谁获得了房地产开发和管理，金融和证券业，投资和管理，大规模的商业运作的三个核心百货店业务，其股份的上市公司，如银泰，天一证券公司证券公司，有建于各个部分银泰连锁百货公司，以及三亚银泰度假酒店和浙江银泰，宁波银泰，沉阳银泰，银泰主页，如雍和家园以房地产为导向的综合性企业。
The specific mode of operation of a mortgage income-mail back and structures; Mortgage companies that purchase mortgage loans from banks, the transmission of the mortgage financing in the Hong Kong Mortgage Corporation Limited, the company is a bankruptcy-remote special purpose company, and its function is responsible for issuing a mortgage securities company guarantees, timely repayment of the mortgage loans to the banks, the HKMC after deducting the contributions of management fees and the guarantee fee, the relevant mortgage principal and interest paid on mortgage-holders.
其具体运作方式采用背对背和按揭收入通递结构；即按揭公司向银行购入按揭贷款后，把该批按揭传递于香港按揭证券融资有限公司，该公司是一家不受母公司破产影响的特设公司，其职能是负责发行有按揭证券公司担保、依期付还本息的按揭证券给有关的银行，按揭证券公司在扣除供款管理费和担保费后，把有关的按揭贷款的本金和利息转付于按揭证券的持有人。