A transitional country must spend necessary study cost and time to rebuild the market governance mechanism.

转轨国家必须为市场治理机制重建付出必要的学习成本和时间。

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In order to prevent this phenomenon, we must standardize internal governance, perfect the information announcing system of security market, and strengthen the external supervisor mechanism.

为了防范上市公司的利润操纵必须从规范公司内部治理、完善证券市场信息披露制度、强化外部监管机制等方面入手。

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To solve the problem of market mechanism, new intuitional arrangement from the view of credit governance is needed, such as mandatory disclosure, consumer equity protection, social value direction.

为解决市场机制中存在的问题，需要从信用治理的角度重新安排市场制度，如强制信息披露、消费者权益保护和社会价值目标导向方面的具体措施。

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