上市证券

If the share prospectus, measures for offer of corporate bonds, financial or accounting report, listing report document, annual report, interim report or ad hoc report announced by an issuer or securities underwriting company contain or contains any falsehood, misleading statement or major omission, thus causing losses to investors in the course of securities trading, the issuer or the company shall be liable for the losses and the responsible director, supervisor and /or the manager or the issuer or the company shall be jointly and severally liable for such losses.

发行人、承销的证券公司公告招股说明书、公司债券募集办法、财务会计报告、上市报告文件、年度报告、中期报告、临时报告，存在虚假记载、误导性陈述或者有重大遣漏，致使投资者在证券交易中遭受损失的，发行人、承销的证券公司应当承担赔偿责任，发行人、承销的证券公司负有责任的董事、监事、经理应当承担连带赔偿责任。

Embarrassing case of a bear market based on the Shenzhen Stock Exchange in May this year, the promulgation of the "cash-listed companies to choose the right business guidelines", refers to the cash option when listed companies to be implemented Asset reorganization, merger, separation and other major issues, related to shareholders in advance in accordance with the agreed price within a specified time period they will be held by the listed companies to sell shares to a third party.

一个熊市的尴尬情况下，于5月在深圳证券交易所上市，今年的"现金颁布上市公司选择正确的业务准则"，指的是现金选择上市公司时，要实施议定的价格与资产重组，合并，分立等重大问题上，有关股东按照事先在规定时间内，他们将持有上市公司股份出售给第三方聚会。

Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and Nasdaq(NASDAQ: TRIN).

集团股票分别在纽约证券交易所、多伦多证券交易所、伦敦证券交易所和纳斯达克证券交易所上市。

Especially in our country, it's a commonplace that in the listed company, there's a controlling shareholder who has high proportion of shares. And because of the Special Condition of the security market in our country, the controlling shareholders usurp on minor shareholders'interest frequently, it concentrated on the listed company's controlling shareholder depredating the minority shareholder's interest.

特别是我国，在上市公司中普遍存在一个持股比例较高的控制股东，且由于我国证券市场的特殊性，我国上市公司控制股东侵害中小股东的程度高于其他国家，上市公司控制股东侵占中小股东利益的事件频频发生，集中表现在上市公司控制股东对中小股东利益的掠夺。

A more detailed discussion on the current corporate governance mode such as the Japanese-German mode and the Anglo-America mode and their individual traits, and advancing into the possible combination and development of these traits from the globalize point From the financial and accounting aspects, the proper monitoring in the processing and disclosure stages of financial information is an essential step, which is the transparency requirement mentioned above.

但要确保信息的公允与中立，依赖于注册会计师、机构投资者等外部监督力量仍有不足，上市公司内部有效的财务治理，方能保障信息的有效性并促进证券市场发展，而证券市场的发展也会对健全上市公司内部财务治理产生压力。

Research indicates that the proportion of stock which the third big shareholder holds have positive relevance to ultra ability paying cash dividends of the listed companies,negative relevance to scale of the board of supervisors,asset debt ration and net asset income rate.

伍丽娜(2003)[1]通过logistic回归模型进行实证研究表明：公司股本规模越小、流通股所占比例越高、大股东中证券投资基金越多、上市公司净资产收益率越接近配股达标线区间(6%，7%)，上市公司的上市年限越短、上市公司当年如果没有发放股票股利或进行股票转增，越容易发生&异常高派现&。

Repurchase of B share is the key of study and discussion.The author thinkthat securities repurchase has been an convention of international capitalmarket and that B share public enterprises should be allowed to repurchasetheir shares according to the adjustment of their capital requirement in order touphold share price and the image of enterprises.The sixth chapter,thedemerger of A Share and B Share,proposes the demerger of the equity of anenterprise which has issued both B share and A share under special conditions,in the situation that the phenomena of different prices for the same equity isdeteriorating,and the tentative plan to set up one pure B-share publicenterprise and one A-share enterprise.In the end,this chapter demonstratesthe feasibility from the view of law and finance.

而B股回购是目前研究和争论的焦点，笔者认为，证券回购已成为国际资本市场上通行的惯例，应当允许符合条件的B股上市公司根据公司资本结构调整需要，维护股价和公司市场形象等原因进行B股回购；第六章A、B股分立，针对目前A、B股同股不同价现象日益严重，特提出有条件的A、B股上市公司进行股权分立，成立纯粹的A股上市公司和B股上市公司的设想，并从法律、财务等方面进行论证。

Article 85 Where the any information disclosure obligors are is involved in the calculation of their its shareholding proportion, they it shall calculate its their securities of the listed company that can be converted into stocks together with their its shares in the same listed company, and compare the said shareholding proportion with the proportion calculated on a consolidated basis after the non-equity securities are converted into shares, and the higher will prevail.

第八十五条信息披露义务人涉及计算其持股比例的，应当将其所持有的上市公司已发行的可转换为公司股票的证券中有权转换部分与其所持有的同一上市公司的股份合并计算，并将其持股比例与合并计算非股权类证券转为股份后的比例相比，以二者中的较高者为准

The majority of companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.

与纽约证券交易所和美国证券交易所的多数上市公司相比，在纳斯达克上市的大多数公司规模较小。

The majority of companies listed on NASDAQ are smaller than most of those on the NYSE and AMEX.

与纽约证券交易所和美国证券交易所的多数上市公司相比，在纳斯达克上市的大多数公司规模较

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。