股市融资

事实上，与股市融资和银行贷款相比，私募基金（PE）更加着眼于企业的未来，而不是当前的企业财务状况，显然，它更适合中小企业。

Actually , compared to financing in stock market and bank loans , PE focus much more on the future of enterprises , rather than the current financial situation , which is more suitable for SMEs .

如果一味强调股市融资功能可能对企业形成行为上的误导。

Butit may be misleading to the behaviour of the enterprise if the funding function of the stockmarket is overstrenthened .

今年迄今，中国企业通过售股已从股市融资约1000亿美元。

So far this year , Chinese companies have raised about $ 100bn from the equity market via share sales .

特斯拉比大多数公司更需要虚高的股价，因为它要依赖股市融资。

More than most companies , Tesla needs its inflated stock price since it relies on the stock market for funding .

中国市场监管机构选择在上周末宣布计划，进行股市融资融券交易试点。

Chinese market regulators chose this weekend to unveil plans for a trial introduction of margin trading and short selling of securities .

因此，加强债券市场建设、完善股市融资制度、建立良好的信用评级和信息披露制度是规范我国上市公司融资行为、改善其治理效率的重要手段。

Hence , constructing bond markets , building credit rating systems , and perfecting financing institutions are important to optimize financing structure and improve governance efficiency .

许多中小开放商已负债累累，而且越来越难以获得银行贷款，也无法从债市和股市融资，房地产业的绝望情绪正在高涨。

With many smaller developers already heavily indebted and increasingly cut off from bank credit , as well as bond and equity markets , the desperation levels are rising .

上涨的股价和充裕的流动性使企业从股市融资更容易实现、也更具吸引力&它们的确在大量从股市融资。

Higher share prices and abundant liquidity make it easier and more attractive for companies to raise cash from the equity market & which they have been doing in large amounts .

上涨的股价和充裕的流动性使企业从股市融资更容易实现、也更具吸引力——它们的确在大量从股市融资。

Higher share prices and abundant liquidity make it easier and more attractive for companies to raise cash from the equity market - which they have been doing in large amounts .

中国企业去年在内地和香港股市融资额达到创纪录水平，但今年有很多上市计划已推迟或削减规模。

Chinese companies raised a record amount last year from both the mainland and Hong Kong stock markets , but this year has seen numerous listings either delayed or reduced in size .

亚洲企业积极利用股市融资最新数据显示，亚洲上市公司及其投资者利用该地区股市今年表现活跃的机会，通过后续股票发行，筹集了创纪录的资金。

Asia 's listed companies and their investors have taken advantage of buoyant equity markets in the region this year to raise record funding via follow-on share offerings , according to new data .

最后，在股市融资容易度方面，美国排名落后于津巴布韦好几位；鉴于今年美国股市的融资规模达到了数十亿美元，这种排名实在有些荒谬。

Finally , it ranks several notches below Zimbabwe for the ease of raising money on the stock market ; given the billions of dollars raised on the US stock market this year , that is absurd .

上市公司股市融资制度的出现主要源于两个原因：一是国民收入分配与储蓄格局的变化，二是产业结构发生变化，新主导产业的形成。

Accommodation of funds from the stock market come out of the two reasons , one is the change of the people 's income and saving , the other is the change of the industrial structure : fresh guiding industries come out .

随着股价下跌、股市（融资大门）几乎关闭，目前其中一些企业家谈判的意愿有所增强。

With share prices lower and equity markets all but closed , some of those entrepreneurs are now more willing to talk .

瑞穗的沈建光表示，他预计政府还将继续收紧股市的融资交易规定；此类操作帮助推动了近期股市涨势。

Mr Shen said he expected the government also to continue tightening up on margin finance , which helped fuel the recent stock market rally .

理论界对股票市场功能的考察多集中于股市的融资功能、信息传递功能以及资源配置功能，对其另一重要功能&促进和深化国有企业改革鲜有论及。

The research of stock market 's function fasten on stock market 's financing , information transfer and allo-cation of resources function . But the other important function , it advance and deepen the state-Owned enterprises reform , is scarcely touch .

这个决定最初看来是灾难性的那段时间正逢从股市投资者廉价融资的高峰然而现在看来十分精明。

His timing initially appeared disastrous it was the peak of easy money from stockmarket investors but now looks clever .

新年伊始，分析师就预测，在上海股市去年的融资额达到创纪录的650亿美元之后，今年的股票发行上市总额将再次达到650亿美元。

At the start of the year , analysts were forecasting another $ 65bn of listings in the Shanghai market on top of the record $ 65bn last year .

最后，对比香港股市，分析融资融券影响内地股市波动性的因素，通过这些因素来分析预测融资融券对内地股市波动性可能产生的各种影响，然后提出相关的建议。

Finally , comparing Hong Kong stock market , analysis the factor of the Margin impact on volatility of the mainland stock market . Through analysis these factors of margin impact on volatility of the mainland stock market , And then make relevant policy recommendations .

的上市，这是中国最大的医药产品分销企业，该公司通过在香港股市IPO成功地融资13亿美元。

China 's largest distributer of pharmaceutical products , successfully raised US $ 1.3 billion in a Hong Kong IPO .

在西方成熟的经济体中，股市不仅仅只是公司融资的渠道，更是经济走势的晴雨表。

In the mature western economies , the stock market is not only the company financing channels , is the trend of economic barometer .

目前有报道称，优步还要再融资20亿美元，不过是从债券市场，债市融资比从股市或私募市场融资风险多少要大一些。

Now there are reports that Uber is raising as much as $ 2 billion more , but this time it is doing so via the debt market , a somewhat more risky endeavor than the equity or venture-capital markets .

股市是企业直接融资的重要渠道，然而目前我国股市缺乏风险规避机制以对冲股市的系统性风险，不利于机构投资者的资产运作与发展壮大。

Stock market is the important way of the enterprises ' direct financing . However Chinese stock market lack the risk-evasion mechanism which can reduce the system risk , it is disadvantage to the development of institutional investor and the financing of enterprises .

这一特性对于管理部门更好的控制股市发展从而保持股市的融资功能有良好的促进作用。

This feature is good in promoting of control the development of stock market to keep the financing function .

进一步通过格兰杰因果关系检验得出，融资交易是股市波动的格兰杰原因，而股市波动不是融资交易的格兰杰原因。

Further through the Granger testing , margin purchase is the Granger cause of volatility in the stock market , while volatility in the stock market is not the Granger cause of margin purchase .