证券中介机构

证券金融公司源于信用交易制度，是一种较为特殊的证券中介机构。

Financial company of the securities come from the trade system of cred it . It is a kind of comparatively special securities intermediary .

证券中介机构及其从业人员出具的专业报告对投资者具有很大的影响作用，投资者往往依赖证券中介机构出具的专业报告做出投资决策。

The reports made by securities intermediate agencies have great influences on the securities investors ' decisions .

我国证券中介机构失信的突出表现是：为企业虚假“包装”，骗取上市资格；

The outstanding aspects on the lacking credit of China 's security agency are : false package for firm to gain qualification of listing by cheating ;

规范证券市场中介机构的运作，改善公司业绩的水平。

Standard agency in stock market .

加强制度建设，规范证券经营机构和中介机构的行为；

Regulating the behavior of stock exchange media companies ;

（六）由于法定职责而参与证券交易的社会中介机构或者证券登记结算机构、证券交易服务机构的有关人员；

Personnel of intermediary organs , organs of securities registration and settlement , and organs providing security exchange services , who take part in securities trading because of their official responsibilities ;

证券公司是证券市场重要的中介机构，在证券市场的运作中发挥重要的作用。

The Securities companies are the important intermediary organ in the stock markets . It takes the important role in the operation of the securities markets .

我国证券市场发展较快，已达到一定的规模，证券中介机构也迅速发展，全国统一的市场体系和监管体系初步形成，证券市场在国民经济中的地位日益提高。

China 's securities market developed very rapidly , it has a certain scale , and so did the securities intermediate organization , the united market and supervisor system formed primarily , and the status of securities market is rising in the national economy .

保荐制度是证券市场一项重要的制度安排，保荐人是证券市场不可或缺的中介机构。

It is my understanding that the sponsorship system is a very important schematic arrangement in security market .

直接持有体制下，证券发行人直接发行纸质证券给投资者，发行人和投资者之间不存在任何证券中介机构。

Under direct holding system , security issuer directly issues physical security to investors . There is not any security intermediary exists between the issuer and the investors .

据中国证券业协会统计资料显示，截至到2010年底，中国已有证券公司106家，证券公司作为证券市场重要的中介机构，在整个证券市场上发挥着重要的作用。

According to the statistics from China Securities Association , by the end of 2010 , 106 securities had been set up in China and played an important role in the whole stock market as intermediary agencies .

第三部分是对我国开展住房抵押贷款证券化的市场环境的分析，包括住房抵押贷款担保与保险市场、住房抵押贷款证券化的供给与需求分析和证券化市场的中介机构分析。

The third part analyzes the market circumstances of MBS in our country , including guaranty and insurance market , supplies and demand , market agencies .