Another advantage of raising funds through issuing bonds is the increased flexibility in the government s asset sale and securitisation programme , obviating the need to sell government assets at low prices under unfavourable market conditions 以发债来筹集资金的另一好处，是增加政府资产出售及证券化计划的弹性，避免政府需要在不利的市场环境下以低价出售资产。
The financial secretary announced in the 2003 - 04 budget the government s intention to dispose of or securitize 112 billion of assets in the next five financial years and set a target to raise an estimate of 21 billion in 2003 - 04 在2003 - 04年度财政预算案中，财政司司长宣布，政府拟于未来5个财政年度将价值1 , 120亿元的资产出售或证券化，并订下目标，在2003 - 04年度筹措大约210亿元。
The financial secretary ( fs ) announced in the 2003 - 04 budget the government s intention to dispose of or securitize $ 112 billion of assets in the next five financial years and set a target to raise an estimate of $ 21 billion in 2003 - 04 在2003 - 04年度财政预算案中，财政司司长宣布，政府拟于未来5个财政年度将价值1 , 120亿元的资产出售或证券化，并订下目标，在2003 - 04年度筹措大约210亿元。
The government will , in accordance with the principle of big market , small government , continue to identify suitable assets for sale or securitisation in order to reduce the share of the public sector in the economy and give more scope for the private sector to develop 政府会按大市场，小政府的原则，选择合适的资产出售或证券化，减低公营部门占整体经济的比重，给予私营市场更大的发展空间。
A mining enterprise that has obtained the mining right but needs to change the subject of the mining right , because of merger , division , forming of an equity joint venture or contractual joint venture , sale of its assets , or change of ownership of its assets in other manners , may transfer its mining right to another , subject to approval in accordance with law 二)已取得采矿权的矿山企业，因企业合并、分立，与他人合资、合作经营，或者因企业资产出售以及有其他变更企业资产产权的情形而需要变更采矿权主体的，经依法批准可以将采矿权转让他人采矿。
For the sale of a financial asset with a repurchase agreement , if the asset to be repurchased by the transferor is identical with or substantially identical with the sold financial asset , and if the repurchase price is fixed or is the original sales price plus a reasonable return , the sold financial asset shall not be stopped to recognize , for example , selling any bonds through a buyout repo or a pledged repo transaction （一）在附回购协议的金融资产出售中，转出方将予回购的资产与售出的金融资产相同或实质上相同、回购价格固定或是原售价加上合理回报的，不应当终止确认所出售的金融资产，如采用买断式回购、质押式回购交易卖出债券等。
The issue emphasis the ongoing d to e , as a ploicy which china government promote in financial field . its basic way is to sale bad asset of state - owned commercial bank to asset management corporation ( amc ) , relativly , amc as a shareholder paticipate or control these enterprise . when management condition become better . then through the way of shares transfer or security market ? amc back cash which they formerly imput 本文着重讨论的是我国正在推行的政策性债转股。债转股的基本思路是将国有银行的不良资产出售给金融资产管理公司，由金融资产管理公司作为特定载体参股或控股债务人，待债务人经营状况好转后再通过股权转让或上市流通等形式收回原投入的资金。
The securitization of bank assets is one of the most important innovations in the modern financial market and the securitization of home loans is an important component of that innovation . it indicates that financial organizations ( mainly commercial banks ) take the poor liquidity but good prospects in future cash earning of the home mortgage collections and turn them into secured loan groups and then take these assets sales and give them to a specific strong and credible organization , namely a spv ( special purpose " vehicle , to be used by a special purpose organization ) 银行资产证券化是现代金融市场最重要的创新之一， “住房贷款证券化”是它的重要组成部分，指的是金融机构(主要是商业银行)把持有的流动性较差但具有未来现金收入流的住房抵押贷款汇集成抵押贷款群组，然后将此资产出售给特设的有实力、有信誉的机构，即spv ( specialpurposevehicle ，用于特殊目的机构) 。
