第一章证券发行保荐制度的一般理论。
In chapter one, common theory is presented for sponsor system in securities listings.
保荐行为承担的风险更大。
第二章我国证券发行保荐制度的几个法律问题。
Chapter two is about some law theories in the sponsor system of securities listings in our country.
此次修订的核心就是优化保荐工作的“过程控制”。
This revision's core is the optimization guarantees recommends the work the process control.
保荐机构应当保证所出具的文件真实、准确、完整。
The recommendation institutions shall ensure the authenticity, exactness and completeness of the documents issued by them.
创业板市场能否成功运作，保荐人的角色至关重要。
The role of Sponsors is of paramount importance to the successful operation of GEM.
对保荐行为监管比一般的证券行为更严格、更广泛。
The supervision and management to sponsoring activities is stricter and wide spreader than common securities behavior.
保荐机构应当保证所出具的文件真实、准确、完整。
It shall also ensure the authenticity, accuracy and integrity of all documents issued thereby.
第三章我国保荐制度与相关证券市场保荐制度的比较。
In chapter three, comparison between sponsor system in China and related sponsor systems in other countries is made.
保荐人责无旁贷，也只有如此，才能得到投资者的认同。
中国证券业协会对保荐机构、保荐代表人进行自律管理。
The China Securities Association shall adopt self-disciplinary management to the recommendation institutions and the recommendation representatives.
保荐行为具有以下特点：(1)从事保荐行为要求资格甚高。
Sponsoring activities have the characteristics following: (1) the requested qualifications of engaged in sponsoring activities is very high.
保荐机构履行保荐职责应当指定保荐代表人具体负责保荐工作。
When a recommendation institution performs the recommendation duties, it shall designate some recommendation representatives to take charge of the specific recommendation work.
依照本法规定聘请保荐人的，还应当报送保荐人出具的发行保荐书。
Where a sponsor is engaged in accordance with the provisions of this Law, the instrument of sponsorship for issuance produced by such sponsor shall also be furnished.
依照本法规定聘请保荐人的，还应当报送保荐人出具的发行保荐书。
In case a recommendation party shall be employed, as prescribed by the present Law, the recommendation Letter of Issuance as produced by the recommendation party shall be submitted as well.
指数保荐人在厘定、构建或计算指数时并无义务考虑任何当事方的需求。
The Index Sponsor has no obligation to take the needs of any party into consideration in determining, composing or calculating the Index.
如此一来，他们就得支付返回伊拉克的票钱，或者在约旦境内找到保荐人。
This involves paying for a return ticket to Iraq or finding a sponsor within Jordan.
协会在对该询价对象采取自律处理措施的同时还将对保荐机构采取相应措施。
The SAC may also take corresponding measures against a sponsor institution when it imposes any self-discipline measures against any book-building participant recommended by the sponsor institution.
申请可转换为股票的公司债券上市交易，还应当报送保荐人出具的上市保荐书。
To apply for the listing and trading of corporate bonds convertible into shares, a company shall also furnish an instrument of sponsorship for listing produced by a sponsor.
在我国制定和实施保荐人制度，旨在建立市场力量对证券发行上市的约束机制。
The system of recommenders is established and enforced for the sake of creating a mechanism of keeping the issuance of securities within bounds by forming a marketing force.
保荐人根据要求需对招股书中关于公司董事或者其他专业人士的部分承担责任。
Sponsors are required to take responsibility for parts of the prospectus which should be that of the issuers' directors or of other experts.
但是，由于各种因素，我国证券市场保荐制度在诸多方面存在着亟待完善的地方。
However, in view of several of factors, there are a lot waited to be perfected in the sponsor system of our country's securities business.
保荐机构单次至多推荐20个推荐类询价对象，每个询价对象指定一个网下配售对象。
A sponsor institution may recommend up to 20 book-building participants at one time, and each participant may designate an off-market allotment subject.
证券发行保荐责任是保荐人对证券发行虚假陈述给投资者造成的损失承担的赔偿责任。
The civil liability of sponsors in the issuance of securities is to compensate the securities purchasers 'loss caused by misrepresentation in the prospectus.
然而，保荐人制度在我国运行五年来的情况并不容乐观，在实践中引发了许多新的问题。
However, the sponsor system in China does not go well these five years. It causes a great many of new problems in practice.
许多保荐人认为现行的保荐人制度不公平，在实践中也不易操作而在实际上也经不起测试。
A number of sponsors consider that the current regulation of sponsors is unfair and, in practice, is unlikely to work when tested.
保荐人通过这些行为将影响作用于市场，这必将给保荐人自身以及证券市场带来巨大的风险。
The sponsor's actions will have implications on the market and will bring along the risks.
文章的出发点主要在于对保荐制度进行相关的制度经济学分析，以期对保荐制度进行深层透视。
The starting point of article lies in analysing the sponsor system based on the institution economics in order to study the sponsor system in deep layer perspective.
文章的出发点主要在于对保荐制度进行相关的制度经济学分析，以期对保荐制度进行深层透视。
The starting point of article lies in analysing the sponsor system based on the institution economics in order to study the sponsor system in deep layer perspective.
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