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In other words, both petrodollar and Asian investors have a hedge over other institutional investors not so much because of the investment decisions they'll make but because their existing portfolios will benefit from 'structural flows that will bring money in,' as the world economy heads toward recovery, says Roxburgh.

罗克斯巴勒说，换而言之，石油美元投资者和亚洲投资者都比其他机构投资者有着更多的优势，这并不是因为他们要作出的投资决策，而是因为在全球经济朝着复苏迈进之际，他们现有的投资组合将从带来资金的结构性优势中获益。

For investors, margin trading and securities lending business to provide investors with the introduction of a new profit model.

对于投资者，保证金交易和证券贷款业务提供了一个新的赢利模式引入投资者。

The market is not conducive enough to attract investors, especially hindered by lack of raw materials, semi and skilled labor, bad infrastructure set up, and weak in international competition. The government should therefore provide multi attractive incentives to promote and to bring in the foreign industrial investors into Sabah.

此外市场无法吸引投资者，特别是在原料供应，半制品和熟练的劳工，落后的基本设施，加上没有国际竞争力，因此政府应该多些提供有吸引力的措施，来促进外国工业投资者前来沙巴州。

2 On Completion, the Borrower shall deliver to the Investors duly completed and executed transfers of the relevant number of Transfer Shares in favour of each of the Investors, as determined in accordance with Clause 5, together with the original share certificate in respect of such Transfer Shares

在完成中，借款人应该足额向每个受益的投资者们转移相关数量的股票，转移的数量按照第5条中的方式计算，同时需要转移的股票凭证的原件和这些转移股票可能要求的盖了章的文件。

Investors should first opened in securities trading commissioned by the securities account, the opening of capital accounts at the same time, stock trading and clearing of funds through accounts, investors in the company through securities accounts formalities completed, the account registration cards and shareholders code , is involved in the transaction after the important documents.

投资者应当先在证券公司开立委托买卖的证券账户，同时开立资金账户，股票买卖和资金的结算都通过账户进行，投资者在通过证券公司完成开户手续后，取得账户登记卡和股东代码，是以后参与交易的重要凭证。

In the event that the Company is determined by counsel or accountants for the Investors to be a CFC as defined in the Code with respect to the shares held by the Investors, the Company agrees to use commercially reasonable efforts to avoid generating for any taxable year in which the Company is a CFC,"subpart F income," as such term is defined in Section 952 of the Code.

如经律师或会计师向投资人认定，本公司是与投资人持有股票有关的法典定义之CFC，则在本公司作为CFC的任何应纳税年度内，公司同意尽商业上合理的努力避免产生"海外贸易未分配所得"（定义见法典952条）。

In the part of empirical analysis of Chinese IPO first-day return, the difference between existing study and this study is that we use principal components analysis to extract from five factors to construct investors'sentiment index, add it to controled varibles, on which we examine the influence of offering mechanism on IPO first-day return. Moreover, we gather statistics and compare the IPO holding return for lockup period between fixed-price-class offering method and bookbuilding-class offering method, as well as price range between Chinese A-share market and Hongkong stock market, which prvide comprehensive evidence to appraise Chinese IPO bookbuilding mechanism. 2. Compare to the existing literatures which consider discount or allocation, incentive allocation and discount are considered at the same time in optimal mechanism design in this dissertation, and the offering bottom price is introduced to the price range. We investigate the relationship between price range and allocation quantity, and obtain the optimal price range and allocation strategy so that the advantages of independent allocation are reflected. On the other hand, the disadvantages of independent allocation are reflected in the manipulation in case of no restriction on IPO allocation. To distinguish from the existing literatures, bookbuilding mechanism is introduced to the model. We study the allocation strategy adopted by the underwriter in the pooling equilibrium of manipulation. In addition, we analyze the incentive compatibility conditions to which the existence of pooling equilibrium should satisfy and examine some factors'impact on the existence of manipulation.3. In bookbuilding without independent IPO allocation, Chinese realistic IPO background is considered and the condition of bookbuilding and fixed-price hybrid offering is added. Divide bookbuilding and fixed-price hybrid offering into sequential hybrid and simultaneous hybrid, and point out that the key points of subscription strategy in the two kinds of hybrid are different. Through modeling and simulation we obtain the impact of institutional investors'subscription strategy on bookbuilding without independent IPO allocation, which fill the gap in related research. Moreover, in the part of IPO bookbuilding with over-allotment option, the pricing strategy is divided into hot-IPO strategy and weak-IPO strategy. Take into account the procedure of Chinese IPO with over-allotment option, it presents how the underwriter determines the pricing strategy and what effect it brings to offering price and issue size through modeling and simulation. Therefore, it is instructive as a complement to existing literatures.

此外，对我国A股市场询价发行方式与固定价格发行方式下的IPO锁定期到期时持有收益率、以及我国A股市场与香港市场的询价发行价格区间进行了统计比较，为评价我国IPO市场的询价发行提供了比较全面的依据。2、相比已有文献仅考虑折价和分配中的一种激励措施，本论文在有自主配售权下的机制设计中并用了分配与折价两种激励措施，并且在价格区间的制定中引入发行底价，考察了价格区间与分配量之间的关系，得到最优的价格区间和分配策略，从中体现自主分配权的优点；在有自主分配权下的操纵行为研究中则体现了自主配售权的弊端，与已有文献不同的是，在模型中引入了累计投标询价机制，研究了承销商在混同均衡操纵中采取的分配策略，并对操纵存在的条件进行分析讨论，得出各个因素对混同均衡操纵存在的影响。3、在无自主分配权下的询价发行中，充分考虑了我国实际应用的背景，加入了与固定价格发售混合的条件，并将询价与固定价格混合发行分为序贯与同步两种方式，指出机构投资者在两种情况下申购策略的侧重点各有不同，通过对序贯混合发行方式下的网下累计投标策略以及同步混合发行方式下的资金分配策略的模型建立和数值仿真，考察了机构投资者申购策略对无自主分配权下的询价发行的影响，填补了相关研究文献的空白；在包含超额配售选择权的询价发行中，将发行定价策略分为热销策略和弱销策略，在考虑了我国含超额配售选择权的发行流程下，通过建模以及数值仿真得出承销商会对发行定价策略作出怎样的选取，进而会对新股发行价格、发售数量产生怎样的影响，对目前相关研究的缺乏做出了有益的补充。

For individual investors, in particular, is "the size of non-" the sale of shares transfinite problems, Shenzhen yesterday evening issued a notice to further regulate, require investors through the auction trading system Trading System or the bulk of shares of listed companies more than the ratio of the standard should be to fulfill their reporting and notice obligations, and the stipulated period of time may not be the sale of the listed company's shares.

为个人投资者，尤其是"大小非"股份出售超限问题，深圳市昨天晚上发出的通过拍卖交易系统交易系统或大容量的通知，进一步规范，要求投资者对上市公司股票超过标准的比例应履行报告和公告义务，并规定在一段时间内可能不是上市公司的股份出售。

Article 38 Owners' equity refers to the ownership of the investors with respect to the net assets of an enterprise, including capital invested in by investors, capital reserve, surplus reserve, and undistributed profit, etc.

第三十八条所有者权益是企业投资人对企业净资产的所有权，包括企业投资人对企业的投入资本以及形成的资本公积金、盈余公积金和未分配利润等。

So far as the protection of pioneer investors is concerned, Resolution II of UNCLOS on Governing Preparatory Investment in Pioneer Activities Relating to Polymetallic Nodules (hereinafter referred as "Resolution II") stipulates relevant provisions, and the author orderly discusses the definition of pioneer investors, procedures of application and their rights and obligations. Concerning settlement of disputes on overlaps of mine sites, the Preparatory Commission for the International Sea Bed Authority and for the International Tribunal for the law of the Sea (hereinafter referred as "Preparatory Commission") had held series of meetings or sessions with states interested since 1983, and they had signed the 1984 General Understanding, the 1986 Arusha Understanding and New York Understanding, and the 1987 Midnight Agreement. As a result, such agreements had be settled overlapping disputes of mine sites between the first group of applicants and potential applicants.

关於「先驱投资者」之保护，公约《决议二》：「进行多金属结核开发活动之预备性投资」有相关规定，笔者分别就先驱投资者之意义、申请程序及其权利义务作说明；对於申请矿址重叠冲突之争端解决，「国际海床管理局与国际海洋法法庭筹备委员会」（本文简称为海床筹备委员会）於1983年召集各利害关系国举行一连串会议，并签署1984年《一般谅解》、1986年《阿鲁沙谅解》及《纽约谅解》与1987年《午夜协定》，解决「第一批申请者」及「潜在申请者」矿址重叠之问题，同时於1987年年底批准第一批申请者提出之申请，使其具「先驱投资者地位」。

If you are unfortunate enough to the lovelorn, please tell me, I will help you out, really, please contact me!

如果你不幸失恋了，请告诉我，我会帮助你摆脱困境，真的，请联系我啦！

China's plan to cut energy intensity by 20 percent and pollutant discharges by 10 percent between 2006 and 2010 is a case in point.

中国计划在2006年到2010间降低20%的能源强度和减少10%的主要污染物排放，就是一个这样的例子。