Thus , we can expect substantial falls in the value , for example , of equity portfolios , and perhaps for such falls to be partly offset by gains in the bond market , depending on the extent of bond investments allowed for in the benchmarks 。因此，我们可以预计有股票投资的基金价值会大幅下降，但部分跌幅会由债券市场的收益所抵销，不过抵销的程度要视乎投资基准内债券投资所占比重而定。
This co - operation has taken two forms : market development initiatives , which help promote the growth of a regional bond market , and infrastructural initiatives , which facilitate that growth . let me , in the remainder of this address , briefly outline some of these initiatives 这种合作有两个形式：一是市场发展的新措施，有助促进区内债券市场的发展另一是为这种发展提供配套的基建新措施。
Actually , a sound bond market is vital for the solidity and development of the economy , a financial system of without or with an ineffective bond market will make the economy less efficiency and , to a certain degree , more vulnerable to financial crisis 根据交易组织形式的不同,债券市场一般有场内债券市场与场外债券市场之分,这两种不同模式债券市场的交易、托管和结算等制度安排存在明显的差异。
While the us 2 billion investment from the 11 emeap central banks is only a small amount compared with the more than us 1 trillion bond market in asia , the abf2 initiative helps to lay a solid foundation for further development of bond markets in the region 与亚洲区超过1万亿美元的债券市场相比， 11间emeap成员央行投入的20亿美元投资只是个小数目，但亚洲债券基金ii计划为区内债市的进一步发展奠下稳固的基础。
One way to address the above problems is to develop a regional bond market that is capable of recycling regional wealth in a more efficient and healthier manner , thus reducing the probability and the destabilising impact of any reversal of fund flows on the domestic financial markets 我们可用的一项对策，就是发展区内债券市场，以能更有效及更稳健地利用本区资金，从而减少资金流出再回流对本地金融市场造成影响。
To strengthen financial intermediation for domestic and regional savings to fund economic development and recovery , the hkma stepped up its efforts to promote the development of the regional bond markets by initiating a study on securitisation and credit enhancement 为了强化金融中介机制，确保能有效中转本地及区内储蓄，达到促进经济发展及复苏的目的，金管局亦加强其推动区内债券市场发展的工作，展开有关证券化及引入提升信用设施的研究。
But all the initiatives have the common aim of addressing the structural impediments to the development of bond markets , including for example harmonising standards and practices , and creating the necessary regional financial infrastructure to facilitate this much needed development 但所有这些方案都有一个共同目标，就是处理妨碍债券市场发展的结构问题，其中包括统一区内债券市场的标准及执行手法，以及建设区内金融基建以配合债券市场的发展。
Abstract : the article reviewed the development of our hospital , esp the past ten years ' overfly progress : import the bankroll over 1 , 500 , 000 , 000 ; get ride of external and internal debt and avoid foamy economy ; set up a model for the pla and enter the best group , which proving the saying “ developing is the convincing way ” 文摘:回顾我院发展的道路，特别是近10年来医院的“跨越式”发展，引资上项高达1 . 5亿元，医院既无外债、又无内债，又不是泡沫经济，由窑洞医院走向全军发展中的典范，跨入了全国百佳的行列，充分的体现了发展才是硬道理。
