一般资产

This paper does some principe suggestions to the practicability of nation s per- forming this function.

社会主义国家除了行使在一般市场经济中的宏观调控职能，更重要的是代表全民行使公有资产权控制职能。

Traditionally Monte Carlo simulation is used to calculate the full distribution of portfolio value.

信用资产组合模型的分布计算是信用计量模型中一个非常重要的主题，对于这个问题一般常用的方法是进行蒙特卡罗随机模拟。

Business within six months before the commencement of winding-up of the company.

提供有关在公司开始清盘前6 个月内，公司除一般业务外，付款或将任何资产抵押予债权人的

Providing the references for families who don't have chrematistic background to solve property problems?

本文研究的方向是提供一般家庭成员无理财专业背景状况下，即时解决资产配置问题的参考。

Therefore, it can be regarded as a great improvement of the investment decision-making theory and methods .This article makes a systematic research on real options theory and method and its application, including the following several main aspects:Firstly, it makes a detailed discussion about the common theoretical basis of financial options and real options, including no-arbitrage equilibrium principle, risk-neutral definition, complete market and dynamic tracking.Secondly, it analyze three basic characteristic of investment decision-making in modern market economic system: irreversibility, uncertainty and flexibility, and from the angle of their mutual quantitative and qualitative interactions, it makes a comparison between the traditional NPV methods and real options methods and makes a summary of the general analytical methods of real options.Thirdly, it discusses the all elements in the application of real options such as the ^leakages in value of real assets, basis risk, and private risk, and furthermore, it attempts to put forth a normalized strategy of its application and construct a basic framework of its application.Fourthly, it applies real options theory to strategetic investment of enterprises and the buy-out of company, putting forth a value model for strategetic investment program and making a concrete analysis of its application to buy-out. Furthermore, it advocates that a flexible investment decision-making system should be setup according to real options theory in our country.

本文对实物期权理论和方法及其应用进行了系统研究，主要内容包括如下几个方面：(1)详细讨论了金融期权和实物期权共同的理论基础，主要包括无套利均衡原理、风险中性定义、完全市场以及动态复制方法，对这些理论方法的探讨既是本文的出发点和基础，它们提供了研究实际应用实物期权的一个基准点，也是贯穿全文的线索和灵魂；(2)分析了现代市场经济体系中投资决策的三个基本特征即不可逆性、不确定性和时机选择，并从它们数量上和质量上相互作用的重要意义的角度，分析了传统的净现值法与实物期权方法的差异，指出了净现值法在不确定环境中存在的缺陷及实物期权处理投资灵活性的价值，并将净现值法纳入实物期权投资分析决策体系当中，总结了企业投资决策实物期权的一般分析方法；(3)探讨了实物期权应用中要考虑的各种要素，如实物资产的价值漏损、基差风险和非市场风险等，并进一步提出了实物期权应用的规范化策略和构建了一个实际应用实物期权方法的基本框架，尝试将期权的基本原理与企业在现实经济环境中投资决策的要素结合起来，从而可以在一定程度上超越期权的复杂的数学计算而汲取期权思想的精华，从而促进期权决策方法在实际投资决策中的应用；(4)将实物期权方法应用于企业战略投资，得出了战略投资项目的价值模型，指出可以将实物期权理论和方法应用于企业并购，分析了应用的具体方面，并提出应根据实物期权理论建立一套适合我国企业的灵活的投资决策系统。

this article focuses on the general model of disposing of financial non-performing assets.

本文重点研究金融不良资产的一般处置模式。

Absent from index finance views in Chinese stock markets, it is rather difficult for domestic investors to distract from risks, especially individual risk, if no overselling mechanism concerned again.

中国股票市场由于缺乏指数投资理念、不具备卖空机制，导致一般投资者很难将投资风险分散，机构投资者也缺乏高效的资产配置和风险防范工具。

T To maintain, manage, deal with, dispose of and subject to the provisions of this Our Supplemental Charter and of the Statutes to invest all the property, money, assets and rights of the University in such stocks, funds, shares, securities or investments whatsoever and wheresoever situate (whether authorised by the general law for the investment of trust moneys or not so authorised) as the University shall think fit or in the purchase of land in Our United Kingdom whether by way of investment or for occupation and subject or not subject to leases or tenancies and to vary any investments including the realization of existing investments and to re-invest the net proceeds of the realization, provided that in the case of moneys held by the University as trustee the powers hereby conferred shall be exercised subject to the provisions of the law relating to investment by trustees.

对一切财产，金钱，资产和学校权利用于在股票，基金，股份，债券或无论何种何处（不论是否由信托资金投资一般法授权与否）校方认为合适的投资，或者在联合王国内不论是否通过投资或占用与否、是否依据租赁或租用的土地购置，其保存、管理、处理、安置以及依据此补充特许证和法规的条款的投资，对包括实现现有投资的任何投资的变更，以及净收入实现的再投资，只要在校方作为资金持有保管人情况下，由此授予的权力应当按照投资相关法律条款由保管人执行。

States generally provide the Company Law Company Limited must periodically publish its financial position and operating conditions on a regular basis the annual report and related financial statements, such as business reports, asset charge sheet, profit and loss account, profit allocation table, property, catalogs, etc.

各国公司法一般都规定股份有限公司必须定期公布其财务状况和经营状况，定期将年度报告和有关的财务报表，如经营报告书、资产负责表、损益表、盈利分配表、财产目录等公诸于众，以便加强社会公众对公司的了解和监督，保护股东和债权人利益。

Patent and other intangible assets are initially recorded at actual cost, and amortised using the straight-line method less than 10 years generally.

专利权及其他无形资产按实际支付的价款入账，一般采用直线法按小于10年平均摊销。

I'm strongly against the death penalty — it's an eye for an eye.

我不赞成死刑——这是以牙还牙的报复行为。

And to get you the support you need, we're enlisting all elements of our national power: our diplomacy and development, our economic might and our moral suasion, so that you and the rest of our military do not bear the burden of our security alone.

并给你们所须的支援，我们正徵召国家所有各种的力量：我们的外交及发展，我们的经济力量与道德劝说，所以你们与其他军人不须要孤独地负起国家安全的责任。