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Chinese companies in Singapore: 16 MOUs signed by Chinese companies to partner and expand their businesses; another 10 Chinese companies

在新加坡的中国公司：中国企业设计了16个MOUs以开展合作和扩展业务；其他10家中国公司宣布投资计划，价值约1300万新元，意在新加坡开展业务运作实现业务的全球化。

In more competitive markets, companies tend to innovate in good times and bad, explains Yuko Kawamoto of Waseda University, but in Japan it often takes a downturn to get companies and consumers to try new things. During Japan's "lost decade" in the 1990s some companies flourished by introducing high-quality products at low prices.

据早稻田大学的Yuko Kawamoto解释，在更具竞争性的市场中，公司倾向于在经济繁荣和衰退时进行创新，但在日本，常常是经济下行时才会使公司和消费者尝试新的东西。20世纪90年代在日本&失落的十年&期间，有些公司通过低价引入高端产品而繁荣兴旺。

Currently, there is one CMMi L5 company, one CMM L5 company, three CMMi L3 companies, seven CMMi L2 companies, one ISO 27001 certified company, four SEI Transition Partner companies and two SCAMPI appraisers.

目前，有一个CMMI的15间公司一CMM的15间公司， 3 CMMI中的L3公司，七个通过CMMI二级公司，其中的ISO 27001认证的公司， 4个SEI的过渡伙伴公司和两个scampi估价师。

Currently, there is one CMMi L5 company, one CMM L5 company, three CMMi L3 companies, six CMMi L2 companies, one ISO 27001 certified company, four SEI Transition Partner companies and two SCAMPI appraisers.

目前，有一个CMMI的15间公司一CMM的15间公司， 3 CMMI中的L3公司， CMMI的6个二级公司，其中的ISO 27001认证的公司， 4个SEI的过渡伙伴公司和两个scampi估价师。

This paper mainly using accumulated surplus revenue model judgment has completed share reform to market effectiveness in Shenzhen manufacturing list companies, whether is causing excessive reaction or lack of reaction and the degree of market effect to analyze effect of listed company, related to manufacturing interest group redistribution use residual income valuation model to compute the intrinsic value of manufacturing sector of listed companies and companies with price per share to judge whether the relevance of the intrinsic value and price per share.

然后，根据前一研究结果，进一步从公司层面和市场层面相结合来分析股改的市场反应效应。应用剩余收益估值模型，计算制造业上市公司的内在价值，并与每股股价进行比较，判断股改完成前后制造业上市公司的内在价值与股价的相关性是否显著提高。

In order to respond the demand of the marketing change, the reseller branding clothing companies should orientate and intensify their own core competence,and cooperate with their higher and lower reachers companies, by means of epibolying the non-core business ,the clothing companies could intesify the cooperation with the manufacture enterprise.

为了迅速响应市场的变化需求，它要求非生产型品牌服装企业应定位和增强自身的核心竞争力，与上下游企业形成合作伙伴，通过将企业非核心业务生产外包，加强与加工企业的合作，最终实现&双赢&。

Drafting innovations in practice research (1) In the section of "panorama of financing theory and financing behavior of listed companies", from the macroscopical aspect, directly aiming at theoretical goal system of refinancing behaviors of listed companies and refinancing supervision, the thesis on one hand sketched the contours of strategic frame for listed companies focusing on "computerization of financing ability","diversification of financing ways","rationalization of financing structure",and"financing use efficiency"; on the other hand through international comparison and aiming at the range pole, the thesis put forward policy recommendations and direction lead of brand-new visual angle for China's financial supervisors and China's refinancing moving towards standardization of management and efficient supervision.

在实践研究方面的拟创新之处（1）在&上市公司融资理论与融资行为概论&部分，论文从宏观层面，直接针对上市公司再融资行为和再融资监管的理论目标体系，一方面为上市公司勾勒着眼于&融资能力计量化&、&融资方式多样化&、&融资结构理性化&、&融资利用效率化&的战略框架；另一方面通过国际比较和标杆瞄准，为中国金融监管层和中国再融资走向管理规范化和监管效率化的给出全新视角的政策建议和方向引导。

This paper not only elaborated the development of the public company dividend policy, from the proxy cost, the signal post to the tax and so on to explain the attribute of the dividend policy, the reason and its effect, but also analyzed dividend policy according to the dividend policy characteristics and efficiency of public companies in our country in recent years. Took 2004 A share public companies as samples, and did a demonstration on the public companies'dividend policy cash dividend interior influence factor.

本文阐述了上市公司股利政策的理论演变，从代理成本，信号揭示和税收等各个角度解释了股利政策的性质，存在的原因及其效应，根据我国近几年上市公司股利政策的特征和效率进行了分析，并以2004年A股上市公司为研究样本，对中国上市公司股利政策的现金股利的内部影响因素进行了实证分析。

Based on the power separating and agency theories which help establish and develop the joint-stock companies, this paper selects the control power system of the Chinese listed companies to be the research objection, and do the empirical study on the relationship between control power system and corporate performance of Chinese listed companies.

在研究两者关系的过程中，本文选取净资产收益率等11个财务指标作为基础，使用因子分析法建立模型来计算公司绩效评价综合指标F值，分别从股权结构、董事会结构和经理层三个方面分析了上市公司控制权结构与公司绩效之间的关系。

Since 2003 year, in two major ways, funds and lands have the governments macro-controlled the whole industry in order to keep the estate industries healthy and sustainable growth and evade the risk. Since funds and lands are the understructure upon which the estate companies have developed, the government control concerning them have made the whole industry faced a critical financing hardship. Consequently, many companies which used to extremely depend on bank credits are confronting the financial pressure. Many middle and small enterprises are even facing the problem of maintenance. Accordingly, under the background of the present macro-control, the debates and research over the diversity of estate companies' financing mode are abundant in its realistic meaning.

为了保持房地产行业健康、可持续发展，规避房地产金融风险，我国政府自2003年以来主要从资金和土地两个方面对房地产行业进行了宏观调控，由于资金和土地是房地产开发企业赖以生存的基础，多管齐下的调控措施打破了房地产开发企业原有的开发模式和融资模式，使得房地产开发企业普遍遭遇融资困境，过去以银行贷款为主要融资方式的房地产开发企业普遍面临资金压力，许多中小型房地产开发企业甚至面临生存问题，因此，在当前宏观调控背景下，探讨中小型房地产开发企业融资模式多元化问题具有很强的现实意义。

It also analyzes the feature and development of semi-finish grinding and finish grinding by roller press.

同时进行了辊压机半终粉磨和终粉磨系统的特点和发展分析。

When I got there, water was dripping slowly from the ceiling and forming a pool on the floor.

当我到那里的时候，水是慢慢地从天花板滴而且形成在地板上的一个池。