The second chapter is about the positivist analysis of the security market in China.
第二章的题目是“我国证券市场与经济增长关系的实证分析”。
In China, it was almost impossible to price or mark to market a security or a loan with any accuracy back then.
在那时候的中国,几乎不可能准确地为证券或贷款定价或按市值计价。
The reason of the problem could be the faultiness of security market system in China.
问题根源可能在基金的管理水平与我国证券市场制度的不完善性上。
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