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When oversubscription happens, underwriters can reduce the level of discount and increase the bottom price by strategic allocation so that both financing cost and IPO underpricing will be less. It suggests that financial supervisor should allow underwriter to allocate IPO stocks freely to a certain extent in China.3. If independent IPO allocation is allowed in IPO bookbuilding, the underwriter and affiliated institutional investor maybe exploit free allocation and information asymmetry to manipulate.

在发生超额认购时，承销商通过有策略地分配股票可以有效地降低折价水平并保证较高的发行底价，减少了发行成本的同时也减轻了IPO抑价程度，建议我国监管当局可以考虑在适当的时候赋予承销商一定的新股自主分配权。3、在有自主分配权的条件下也可能会发生承销商与关联机构投资者共同进行市场操纵的行为。

Department of Urology, the First Affiliated Hospital of Liaoning Medical University, Jinzhou121001 ChinaAbstract: Objective To establish rat models for studying recipient kidney function of renal allograft tolerance induced by parabiosis combined with cyclophosphamide on rats.

目的 建立异基因大鼠联体共生的动物模型，探讨诱导免疫耐受对其肾功能的影响。

State Patent Office can give full play to the affiliated institutions, China's patent on the screen.

国家是否可以充分发挥好专利局的直属机构，对中国的专利进行筛选。

Department of Pediatric Surgery, Second Affiliated Hospital, China Medical University, Shenyang 110004, China

中国医科大学附属第二医院小儿外科，辽宁沈阳 110004

Department of Pediatric Surgery, The First Affiliated Hospital, SUN Yat-sen University, Guangzhou 510080, China

中山大学附属第一医院小儿外科，广东广州 510080； 2。

Department of Pediatrics,First Hospital Affiliated to the China Medical University,Shenyang 110001,China

中国医科大学附属第一医院儿科，沈阳110001

Department of Pediatrics, First Affiliated Hospital of Nanjing Medical University, Nanjing 210029, China

南京医科大学第一附属医院儿科，江苏南京 210029

Department of Pediatrics, Second Affiliated Hospital, China Medical University, Shenyang 110004, China

中国医科大学附属第二医院儿科，辽宁沈阳110004

Department of pediatrics, provincial hospital affiliated to shandong university, jinan 250021, china

作者单位：1。山东大学附属省立医院儿科，济南； 2。

Department of pediatrics, first affiliated hospital, xinjiang medical university,urumqi 830011, china

作者单位：新疆医科大学第一附属医院，新疆乌鲁木齐 830011

So it was last week in Selma , alabama.

上星期在亚拉巴马州塞尔马市发生的事件也是这样一个转折点。

The group also spearheads various social programs in China.

该组织还带头参与中国的各种社会活动。