股票发行市场由发行人、投资者、中介机构和证券管理机构组成,其主要的建设内容是如何完善股票发行方式和确定股票发行价格。
A securities offering market is made up of issuer, investor, broker and regulatory institution, and its major role is how to perfect securities offering formula and how to ascertain issuing price.
根据法规规定,发行人有责任证明其报表不存在重大误导,但这可能导致对发行人和中介机构的诉讼猖獗。
According to the statute, an issuer has the burden of proving that its statements are not materially misleading, which could lead to rampant lawsuits against issuers and intermediaries.
我国的发行人、投资人、中介机构以及监管机构对该产品都相对陌生。
The issuer, investor, agency institution and the regulators of our country are all unfamiliar with this financial tool correspondingly.
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