能够成功地平衡这些利益的市场才可以在资本筹集方面走的更远。
The markets that succeed in balancing these many interests are the markets that will go the furthest in facilitating capital formation.
资本运用阶段更侧重财产安全，而在资本筹集阶段则更侧重资本效率。
It's more stress property security on the stage of capital using, and more stress capital efficiency on the stage of capital raising.
这不仅仅在美国和欧洲国家颇为重要，我们必须认识到资本筹集已经走上了全球化的趋势。
This is not just important in the United States or the European Union, it is also important to recognize that capital formation is a global process.
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