To the convertible rate, the important attribute, this paper establishes the decision model and stresses the relation between the convertible rate and the convertible premium rate.
针对可转债的重要属性转股率，建立转股率决定模型，重点分析了转股率与转股溢价率之间的关系。
Convertible currency and exchange rate have intense inner link.
货币可兑换与汇率机制具有紧密的内在联系。
Convertible bond is the contingent claim not only of the firm value, but also of interest rate and its term structure.
企业可转换债券既是企业市场价值的或有债权，又是利率及其期限结构的或有债权。
We will improve the RMB exchange rate regime and gradually make the RMB convertible under capital accounts.
完善人民币汇率形成机制，逐步实现资本项目可兑换。
Convertibles have a lower coupon rate that non-convertible debt, but they offer investors a chance for capital gains in exchange for the lower coupon rate.
可转债的票面利率低于一般公司债，并为投资人提供机会从换股中获得资本利得。
Furthermore, it brings forward an approach to estimate the expected conversion rate of convertible bond and makes an empirical research.
此外，本文提出了估计可转债预期转股率的一种方法，并进行了实证研究。
The exchange rate of the Chinese currency Renminbi (also "RMB") had been unified and remained stable. The Renminbi had been made convertible on current account.
人民币（“RMB”）汇率顺利并轨，汇价保持稳定，实现了在经常项目下的可兑换。
PBC should raise reserve requirements rate, widen the floatability of the exchange rate, and even open its capital account to make Chinese currency (RMB) full convertible if circumstances permit.
建议中央银行适当提高法定存款准备金率，进一步扩大人民币汇率的浮动空间，在适当时候考虑实现我国人民币在资本项目下的完全可兑换。
PBC should raise reserve requirements rate, widen the floatability of the exchange rate, and even open its capital account to make Chinese currency (RMB) full convertible if circumstances permit.
建议中央银行适当提高法定存款准备金率，进一步扩大人民币汇率的浮动空间，在适当时候考虑实现我国人民币在资本项目下的完全可兑换。
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