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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。

Analysis results on townships and villages general statuses showed township health center and village clinic are the major health care facilities in rural poor areas. The number of staff in 36 THCs and 104 VCs were a little lower than the national average. In township health centers, 59. 9% staff are with primary or without any professional titles and 35. 9% of the total staff have no professional degrees. The average gross value of fixed assets per THC is 186000 yuan, among which special equipment values 41000 yuan. Among professional buildings 43. 3% of total area were dangerous. Only one THC can provide emergent service. 47. 2% THCs be able to diagnose and deal with common emergent stomachache. The provision of health services was lower than average level of national rural areas. Frontier Model analysis showed regression coefficients of total outpatient emergency service, total inpatients, average personnel income, number of total staff, number of doctors and technical index were all larger and positive. It meant that these variables would contribute more to the cost-frontier, and their increase would cause the total health cost rising. So increasing health service provision, improving service quality and functions of health facilities may be the best ways to increase efficiency of these facilities. Also the model showed THC inefficiency eu was 1. 68, which means 40% of the cost wasted. Apart from internal and external factors, residents'health care utilization deficiency and inequity is one of major factors causing inefficiency eu.

乡、村基本情况结果表明,农村贫困地区乡卫生院和村卫生室是农民就近就医的主要场所;36所乡卫生院以及104所村卫生室的人员数量,略低于全国同期农村平均水平;在乡卫生院中,初级职称和无职称者的比例占59.9%,无专业学历者占35.9%;平均每院固定资产总值18.6万元,其中专用设备4.1万元,业务用房中危房面积占43.3%;36所卫生院中,具备急救条件的只有1所,能诊断和处理常见急腹症的占47.2%;卫生服务提供量均低于全国农村平均水平;Frontier模型方法显示,总门诊人次、总出院人次、平均人员工资、人员总数、医生数和技术指数等指标的回归系数较大,且均为正数,即这些变量对"前沿"成本的贡献较大,其正向变化均会带来卫生服务总成本的增加,表明增加卫生服务提供量,提高质量以及完善机构服务功能,是提高乡卫生机构效率的有效途径;同时Frontier模型结果显示,卫生院的低效率〓为1.68,经换算即40%的成本处于浪费状态;影响乡卫生院低效率〓的因素有外部和内部的,而需方卫生服务不公平及利用不足是其主要因素之一。

Unmyelinated nerve fibers dominated in number in each nerve tract although there were both myelinated and unmyevinated nerve fibers there. Schwann's cells were related to the development and structure of the two fiber types.

鸡INR被神经束膜分隔成许多神经束,束内既有无髓纤维又有有髓纤维,但以无髓神经纤维的数量占绝对优势。

RESULTS: Chitin tubes containing NGF successfully induced the nerve regeneration, regularly arranged myelinated and unmyelinated axons could be observed across the 8 mm gaps, and the myelin sheath was thick with clear lamellar structure at 8 weeks after operation, The regenerated nerve fibers increased and were more mature at 16 weeks after operation.

结果 实验侧术后8周,再生神经中有髓和无髓神经纤维排列整齐,有髓神经的髓鞘厚,板层结构清晰;术后16周,再生神经中有髓和无髓神经纤维数量增加,形态接近正常神经。

With the increase of MFD, much claviform cobalt ferrite nanoparticles was obtained, and the crystallization of cobalt ferrite nanoparticles became better, also the magnetic properties such as remanence magnetism, saturation magnetism and squareness ratio were increased remarkably.

试验结果表明:无磁场及磁感应强度小于2T时,纳米钴铁氧体颗粒为球形形貌;当磁感应强度大于等于4T时,有棒状纳米钴铁氧体形成;随着磁感应强度的增大,棒状纳米颗粒数量增加,纳米钴铁氧体的晶化程度提高,磁性能(Mr、Ms、Mr/Ms)也有大幅度的提高,10T时制备的纳米钴铁氧体颗粒的剩余磁化强度比无磁场下制备的钴铁氧体颗粒的剩余磁化强度增加了近15倍,饱和磁化强度提高1.44倍。

The phenomenon of vitrification could restore significantly after culture 2 or 3 generations in the culture medium without hormone. The differentiation ability of protocorm restored and the state of plant growth was consistent with the formal protocorm. It could continue applying to the manufacture of tissue culture.

玻璃化类原球茎在无植物生长调节剂培养基中经2~3代恢复培养后,数量下降到0.84%,玻璃化现象可得到明显恢复,恢复后的类原球茎的分化能力和植株生长状态与正常类原球茎一致,无变异现象发生,可继续应用于组培生产。

In uteri:(1) No statistical differences were found in 4 groups concerning wetweight or endometrium thickness.

在子宫:(1)4个组子宫湿重和内膜厚度均无统计学差异;(2)ERα和ERβ的表达不论强度还是数量均相当,无统计学差异。

HBV and HCC recurrence-free survivals were significantly lower in patients with HCC and HBV recurrence, respectively.

无HBV复发和无HCC复发的患者数量明显少于HCC和HBV复发的患者。

Results indicate that, although nuclear families have taken an important position in the society, traditional multi-generational families still hold as the leading pattern.

有无存活子女以及存活子女数量对于老年人口的户居安排起重要影响作用。一些无子女老年人通过过继、领养等方式取得子女,得以生活在传统家庭养老环境中。

If the bill of lading contains particulars concerning the general mature, leading marks, number of packages or pieces, weight or quantity of the goods which the carrier or other person issuing the bill of lading on his behalf knows or has reasonable grounds to suspect do not accurately represent the goods actually taken over or, where a shipped bill of lading issued, loaded, or if he had no reasonable means of checking such particulars, the carrier or such other person must insert in the bill of lading a reservation specifying these inaccuracies, grounds of suspicion of the absence of reasonable means of checking.

如果承运人或代其签发提单的其它人确知或者有合理的根据怀疑提单所载有关货物的品类、主要标志、包数或件数、重量或数量等项目没有准确地表示实际接管的货物,或在签发&已装船&提单的情况下,没有准确地表示实际装船的货物,或者他无适当的方法来核对这些项目,则承运人或该其他人必须在提单上做出保留,说明不符之处,怀疑根据,或无适当的核对方法。

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What are your goals and strategies for growth?

你的成长目标和策略是什么?

And unto the angel of the church in Sardis write; These things saith he that hath the seven irits of God, and the seven star I know thy works, that thou hast a name that thou livest, and art dead.

3:1 你要写信给撒狄教会的使者,说,那有神的七灵和七星的,说,我知道你的行为,按名你是活的,其实是死的。

"It is a testament to making sure unemployment compensation is available, making sure we are looking out for people who have lost their jobs," she said.

"这是个实证,证明我们必须确保人们都可以得到失业补偿,确保那些失去工作的人们得到照顾。"