高效率市场

过去50年，特许金融分析师协会（cfainstitute）一直在向成千上万追随者传授以高效率市场为根本的分析原则，这些追随者来自银行、基金管理公司和投资公司等全球金融体机构。

For the past five decades , the Chartered Financial Analyst Institute has been teaching the tenets of analysis based on efficient markets to tens of thousands of adherents from banks , fund managers and investment houses that make up the global financial system .

保护主义显然破坏了开放和高效率市场的概念。

Protectionism clearly undermines the notion of an open and efficient market .

这种转变非常重大，因为高效率市场假设是计算各种价值的基石从股票、养老金基金负担，到高管薪酬。

The shift is significant as the assumption of efficient markets is a cornerstone of calculating the value of everything from stocks to pension fund liabilities to executive compensation .

虽然三分之二接受调查的金融专业人士表示，他们认为行为金融学是对高效率市场理论的有益补充，但只有14%的受访者认为行为金融学能够单枪匹马成为新范式。

Although two-thirds of financial professionals surveyed said they regarded behavioural finance as a useful addition to efficient market theories , just 14 per cent thought it could alone become the new paradigm .

过去30年，全球资产管理行业一直由所谓的“高效率市场”假说所主导，并由此诞生了资本市场定价模型等概念，将投资视为风险与回报之间的折衷。

In the past three decades , the global asset management industry has been dominated by the so-called " efficient markets " hypothesis , which has given birth to ideas such as the capital asset pricing model , that portrays investing as a trade-off between risk and return .

美格·惠特曼：eBay实在是独一无二，我是说，在它之前，没有哪家公司能一周七天，一天24小时的不停运作，让商家和个人在一个高效率的市场内完成交易与服务。

Meg Whitman : It is incredibly unique , I mean , before eBay there was no way to connect businesses and individuals on a24-7 basis in an efficient market to trade goods and services .

停业清理和关门倒闭是一个高效率的市场的一种通便下泻的现象。

Liquidations and closedowns are the healthy catharsis of an efficient market .

这不是一个高效率的市场。

That is not an efficient market .

核心国债是一个高效率的市场，该市场的变动走在了前面，他补充说。

Core government bonds are an efficient market and they are ahead , he added .

我希望在五年内，我能够领导一支有活力及高效率的市场团队。

I hope that within five years , I could lead an energetic and productive marketing team .

细致入微的项目计划、鼓舞人心的领导、合理的人力资源管理与高效率的市场推广都是成功项目管理的关键因素。

Detailed planning , inspirational leadership , sound human resource management and dynamic marketing are all key elements of successful event management .

高效率的市场行动迅速，对任何新消息都会做出反应令人失望的业绩、降息、诈骗案或是安全事故。

Efficient markets move quickly and respond to any new headlines disappointing earnings , a cut in interest rates , a fraud or a safety incident .

金融业客户服务的重要性已经获得普遍认同，高水平的客户服务能力和高效率的市场响应能力已成为银行核心竞争力的重要组成部分。

The importance of customer service of financial industry has been recognized universally , the high level and efficient capacity of customer service and market response has become the core part of the competition of banks .

要改变农民在市场竞争中的弱势地位，增强农产品的市场竞争力，就必须提高农民的合作化、组织化程度，建立健全农民专业合作经济组织，使农民成为有组织、高效率的市场竞争主体。

Chinese peasants ' degree of movement to organize cooperatives and of organization should be heightened to improve their disadvantageous status in the market competition , enhance the competition ability of agricultural products and help them be organized and high-efficient market competition main body .

整体上看，一国金融市场的效率可从利率水平、融资成本和汇率的稳定性等三个方面来考虑，对外开放是形成高效率金融市场的必要条件。

Generally , the efficiency of the financial market of a country can be evaluated by the level of its interest rates , its cost of financing and the stability of its exchange rates . Opening up is the prerequisite for a high efficient financial market .

随着中国经济的高速持续发展，越来越需要一个高效率的金融市场。

There is no doubt that the rapid development of Chinese economy is calling for an efficient domestic financial market .

高时石材集团凭借着完整的纵向结构模式，高效率地向市场提供质量稳定，品质一流的石材及产品。

With this vertical integration , Best Cheer efficiently , consistently and expeditiously supplies an incredible variety of stones and products .

打破垄断，建立一个充分竞争、高效率的电力市场已是我国电力工业不可逆转的发展趋势。

Breaking monopolization , building a competitive and high efficiency power market is the trend of our country ' electric power industry .

随着国债规模的不断扩大，如何建立高效率的发行市场，将直接制约国债市场的健康发展。

With the enlargement of the bond scale , a progressing healthy market will directly depend on a high efficient issuance system .

作者认为，投融资体制改革是当前我国经济整体改革的重要环节，建立一个高效率的资本市场则是关键所在。

Constructing an efficient capital market is key to reform of investing and financing system , which takes the most important position of economic reform .

压缩机是冰箱、空调等家用电器的主要噪声源，低噪声、高效率压缩机在市场上必然会对用户产生更大的吸引力。

Compressor is the main source of refrigerator and air-condition noise , compressor with lower noise and higher efficiency will be of more attraction to people .

一个高效率的证券市场，应该是运行有序、公平竞争、信息透明度高、操作成本较低、真正贯彻公开、公平、公正原则的市场。

Only if its operation is in order , and competition is fair , information is available and operating cost is low , the highly efficient securities market can come into being .

许多国家的发展实践证明，在以技术为驱动力的市场经济体系中，高效率的技术市场能促进科技成果的商品化、产业化，实现科技与经济的紧密结合。

Many countries ' development practice has proved that the technology market with high efficiency can promote the commercialization and socialization of scientific and technical achievements and achieve the tight combination between technology and economy .

众所周知，高效率的证券市场能够将有限的资金导向效率最高的行业和企业中去，调剂余缺，实现资源的优化配置，促进经济发展。

As we all know , an efficient security market can push the limited capital resource to the most efficient industries and enterprises , regulate supply and demand , realize the rational distribution of resources , promote economic development .

只有高效率的资本市场才能够将有限的资源配置到效益最优的企业及行业中，进而创造最大产出、实现社会福利最大化，所以研究资本市场效率有着重大意义。

Only the high efficiency of the capital markets can allocate the finite resources to the best benefit enterprise and industry , then create maximum output , realize the maximization of social welfare , so the research of capital market efficiency has a great significance .

证券市场是资本市场体系的重要组成部分，一个高效率的证券市场，应该是正常发挥资金融通、资金配置、传递信息、发现价格、评估绩效、约束管理者等各项功能的市场。

The securities market is a very important part of the system of capital markets , a highly efficient stock market should be one that can normally raise funds , install the funds , deliver the information , discover the price , evaluate results and control governor etc.

实时电价能促进电力资源的优化配置，是实现高效率运作的电力市场的关键所在。

Real-time pricing of electricity , which is the hinge of constructing a high efficient electricity market , can promote the optimal allocation of electric power resources .

论文的结论是：建立一个适合中国国情的高效率的风险资本市场的关键，就是要有一个良好的内外部制度环境和文化氛围。

Finally , the paper draws a conclusion that the key to establishing a effective venture capital market which is suitable for national conditions of China is a good internal and external structure environment ? and culture atmosphere .

外资保险经营监管的目标包括确保外资保险机构的安全经营，保障保单持有人的权益，保证保险体系高效率运行以及保险市场竞争机制的良好运转与稳健发展。

The targets of foreign insurance operation supervision are to ensure the safe operation of foreign insurance , protect the rights and interests of policy holders , guarantee the efficient run of insurance system and the good operation and stable development of insurance market competition mechanism .