小企业股票提供了一个更高的溢价。

Stocks of small firms offered an even higher premium.

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新指数将作为在美上市中国企业股票表现的基准指数，旨在提高透明度。

The new index will serve as a useful benchmark of the performance of US-listed Chinese companies and is designed to provide greater transparency.

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欧洲和亚洲市场下跌，航空和旅游业股票下跌的同时医药企业股票上扬。

European and Asian markets fell, and stock in airlines and the travel industry fell while those in pharmaceutical companies rose.

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As a result, people invest in banks -the stock of banks -because they understand that these people have a long-term relationship with business and they are immune from the adverse selection.

结果呢,人们就会投资于银行,即购买银行的股票,因为他们知道,银行家和企业界保持着长期的关系,他们可以免受逆向选择之害

耶鲁公开课 - 金融市场课程节选