Assets Securitization, not only for giving full play to establishing the foundation of market mechanism function, but also has fully reflected the integrated objective request of financial market.

资产证券化不但为市场机制作用的充分发挥奠定了基础，而且充分体现了金融市场一体化的客观要求。

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Part II: The function mechanism of Takeover market.

第二章，外部接管市场的作用机制。

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This paper focuses on the intrinsic mechanism of the price discovery function and discusses the empirical results in the overseas securities market.

文章重点探讨了卖空机制价格发现功能的内在机理以及境外市场关于这一功能的实证结果。

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