投机行为

• Then through the ecnomical analysis of the performance for rent - seeking of the stock issuing market and the choices of each principle of securities market related to information unsynu estoy , the essay demonstrates the cardinal reason the oringinally issued securities have comparatively high rate of return and concludes that it lies in the system and funtion of china ' s securities market
  通过对股票发行市场的寻租表现、我国证券市场效率和信息披露现状、市场供求关系与投机行为以及信息不对称与证券市场各主体行为选择的经济学分析，阐明我国证券市场首次公开发行股票具有较高的初始收益率的根本原因在于中国证券市场的制度缺陷和功能缺陷。
• It can be said that , the futures market was precisely caters to the enterprise to avoid the risk . the guidance enterprise involves a futures market participation set hedging is one of futures exchange ' s responsibilities . hedging transaction the increase to be already advantageous to enterprise ' s production management , also is advantageous to the suppression the speculating behavior in futures market
  可以说，期货市场正是迎合了企业回避风险的愿望而存在的，引导企业进入期货市场参与套期保值是期货交易所的职责之一，套期保值交易的增加既有利于企业的生产经营，也有利于抑制期货市场的违法投机行为。
• It has been a misunderstanding among the theoretical circle as well as the public , that speculation is improper in operation . therefore heavy restrictions have been taken against it , which has resulted in over - cautiousness and even passing away from it in enterprises " investment activities . even if there is a chance of speculations , they let the profit - making chance passed by
  目前理论界及大众心里普遍存在着一种误区，将投机行为视为不正当的，不好的东西，在经营的过程中，对投机行为加以约束及限制，导致企业进行投资时，对投机行为常常顾忌，蹑手蹑脚，不敢涉足，以至当获利机会来临时，毫无准备，白白地让机会从眼前溜走，甚至当套保出现亏损时，也无人问津投机交易，不敢做“非分”投机的尝试。
• By the discussion of the " marketing ration " , the formulating principles of new stock price in the future circulating transitional period , and the conditions of changing " checking system " to " registry system " , it emphasizes the marketing construction of new stock issuing system ; it emphasizes the use of marketing methods in order to improve the supply - demand relations , and balance the excessive speculation ; it emphasizes the importance of market measure in counteracting excessive speculation by effectively improving the supply - demand relation , the importance of regulating and raising the action ability of the market main body , the necessity of governmental funtion transformation and the completion of management structure in listed companies
  论文最后探讨了研究新股短期价格行为对中国证券市场发展的启示。通过对当前“市值配售” 、未来全流通过渡中新股发行价的制定原则以及实行“核准制”向“注册制”转变的条件的讨论，强调新股发行制度改革的市场化建设；强调利用市场化手段，平衡过度投机行为，有效改善供求关系；强调规范和提高各市场主体的行为能力，切实解决政府职能转换、上市公司治理结构完善等问题。
• We should pay attention to adjusting the relative trading expense of earnest money , restraining transitional speculating behavior , preventing large customer control futures market , inspiring middle and small customer to trade , avoiding the interest distribution violating the rule of justice , the service charge of futures trading is the ex - pense that is handed in by the two sides of trading to the futures exchange house or the manage company , after the complishment of the futures contract , namely , the expense which is used for buyi
  在对保证金进行制度性调整时，应注意对保证金的相对交易费用进行调节，抑制过渡投机行为，防止大户操纵期一货市场，鼓励中小投资者交易，避免利益分配有悻于公平、公正原则。期货交易手续费是指期货合同成交后，买卖双方分别向期货交易所或经纪公司缴纳的费用，也即是用于购买经纪公司或者交易所提供的交易服务、管理的费用。
• The problem of speculation may not only lead to the distortion of the price system in the stock market , the investment ideas and the distribution of the resources but also hara the national economic development and social stability and prosperity therefore setting up a rational stock market is of practical significance to the healthy development of the stock market
  高度投机性不仅导致证券市场的价格机制扭曲、投资理念扭曲、资源配置功能扭曲，最终还将危及国家经济的发展和社会的稳定、繁荣。所以，建立理性的证券市场，提倡价值投资而非投机行为，对证券市场健康地发展具有十分重要的现实意义。
• The “ bubble ” in the economy words means one kind of speculative process , in which the price of one or a series of assets break away and continuously go up from market basic value . meanwhile , the change makes people believe that the rise will keep for a long time and increase the buying of the assets
  泡沫是由于市场经济中的投机行为而导致一种或一系列资产价格脱离市场基础价值持续上涨,并且这种上涨使人们产生出这种(些)资产的远期价格将继续上升的预期并进行持续购买的一个过程或状态。
• The fourth part is a discussion about possible approaches and modes of the development of nonprofit sector in china , using operation experiences from market sector as reference , the increasing speculation activities of foundations and the expansion of foundation projects to the field of social security
  第四部分对于非营利部门在中国发展的可能途径和模式、借鉴市场部门的运作模式、基金会投机行为增加的趋势和基金会公益项目向社会保障领域的扩展做了思考和讨论。
• It point out that to make breakthrough in curb speculation in the field of pension insurance , scientific , effective and binding pension insurance system should be designed . study is made in light of china ' s actual situation . first , performances and causes analysis of china ’ s pension insurance speculation actual speculative activities in the field of pension insurance are as follows : 1 , a large number of units ( enterprises ) don ’ t make the pension insurance registration according to regulations , all - member or part - of - member are out of registration , maliciously evade insurance
  我国目前养老保障体制建设尚未健全和完善,养老保险领域投机行为问题已成为不容忽视的重要问题,为治理和防范养老保险领域投机行为问题,本文通过对近年来国家在东北老工业基地社会保险试点工作的改革,尤其是养老金计发办法的调整,指出治理养老保险领域投机行为的关键因素,进一步提出治理养老保险领域投机行为的突破口在于养老保险制度设计的科学性、效益性和约束性,并结合我国实际情况进行相应的对策研究。