证券公司是我国投资银行体系中的主体，其业务主要是从事证券发行承销和二级市场交易业务。
The securities firms is a subject in the system of investment banks of our country, their business is mainly engaged in securities issue and second marketing .
这可能重新引发市场争论，即在中国投资者对新股发行需求强劲的背景下，承销商是否在定价方面过于谨慎。
That could help rekindle the debate over whether IPO managers have been excessively cautious in their pricing, given the frenzied demand from Chinese investors for new offerings.
承销费用高昂的原因是：在发行新股时，企业通常不会过多和投行讨价还价。
The reason charges are so high is that firms issuing equity often fail to drive a hard bargain with their bankers.
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