California is perhaps the most extreme example, because its state tax revenues depend so heavily on the equity premium.
由于税收收入高度依赖股票溢价，加州或许是最极端的例子。
Many Banks in continental Europe have received "hybrid capital" from the state that does not count as pure equity (Banks in America and Britain, by contrast, were forced to raise straight equity).
许多欧洲大陆的银行已经从非纯股本国家那里接收了“混合资本”(与之相反，英美银行却被迫筹集直接股本)。
The shares, also offered in the form of global depository receipts, represent a mere 10% of the bank’s equity, leaving a solid 75.5% still owned by the state.
这些股份还是以全球存托凭证的形式提供的 ，仅占该银行资产净值的10％，剩下固有的75.5％仍归国家持有。
Piyush Singhvi, 27, was born in India, grew up in the Middle East, and, before Wharton, worked at the Dubai-based private equity firm Abraaj Capital, the largest non-state-owned firm in the region.
27岁的普伊施。辛格维在印度出生中东长大，来到沃顿商学院之前在总部位于迪拜的私人股权公司Abraaj—那片区域内最大的非国营企业—工作。
Aside from the well-known and related issues of high household debt and negative equity in houses, the latest U.S. employment data have highlighted the still dismal state of the job market.
除了众所周知、牵涉面广泛的家庭高负债和房产负资产的问题，最新的美国就业数据，凸显了美国就业市场的持续低迷状态。
But their average return on equity was less than 8.2%, whereas that of larger non-state industrial enterprises was 12.9%.
但其平均净资产回报率还不到8.2%，而大型非国有工业企业的平均净资产回报率是12.9%。
As I wrote last March: those of us who have looked to the self-interest of lending institutions to protect shareholder's equity (myself especially) are in a state of shocked disbelief.
正如我去年三月份写的那样：我和一些人，尤其是我，原本是寄望于那些借款机构们出于自利，也会去保护他们的股东的资本的。所以(事情出来之后)我们都震惊得不敢相信。
Once approved, the equity joint venture shall register with the concerned department of the State Administration for Industry and Commerce, and start operation after receiving its business license.
合营企业经批准后，向国家工商行政管理主管部门登记，领取营业执照，开始营业。
As I wrote last March, those of us who have looked to the self interest of lending institutions to protect shareholder 'equity, myself especially, are in a state of shocked disbelief.
我在去年三月就写到，很多人都指望贷款机构能出于自身利益的考虑保护好股东的资本，但现实让这些人尤其是我感到震惊而且难以置信。
As long as the state firmly controls the systems, it will be able to obtain market information on the circulation of currency, equity and bonds, therefore, to keep the controlling power.
只要国家牢牢控制住这个体制，就能通过货币，股权和债券的流通获取市场信息，因此，保持控制的能力。
The problem of equity revenue management of State-owned listed companies has been the focus of practices and the academic sector.
国有上市公司股权收益管理问题一直是学术界和实务界争论的焦点。
After the asset management companies become to the shareholders of the Debt-to-Equity enterprise, the asset management companies present non-ideal state have enabled us to study and explore.
资产管理公司成为债转股企业的股东后，债转股企业呈现出的不理想状态，不得不使我们去研究和探索。
Simultaneously, the paper also proves the equity contract conflict model is state contingent following the contract structure.
同时也论证了股权契约冲突追随契约结构而具有状态依存性。
Abstract 〗 China listed companies have a characteristic structure of equity ownership, which non-circulating equity ownership owned by state and companies have the large fraction.
摘要〗我国上市公司具有独特的股权流通性结构：非流通的国有股和法人股占绝对控股地位。
Key insight into the state of the tax equity market: Who's still in the space and what other tax equity sources are available to you?
关键洞察市场的税收公平的状态：谁仍然在空间以及其他税收公平的源代码可以给你？
On this basis, relatively mature conditions and realistic significance are provided for constructing a specialized state-owned financial equity transaction platform.
在此基础上构建一个专门的国有金融资产产权交易平台已经具有相对成熟的条件和现实意义。
Whether selling the equity of state-owned banks is undervaluing or not is a hot problem highlighted in economy and finance theory communities.
国有银行股权是否被“贱卖”，是近期经济和金融理论界高度关注的热点问题。
The shares, also offered in the form of global depository receipts, represent a mere 10% of the bank's equity, leaving a solid 75.5% still owned by the state.
这些股份也以全球存托凭证的形式公开发行，仅占该银行资产净值的10%，剩下固有的75.5%仍归国家持有。
It will be finally tested and verified in the market practice whether selling part equity of state-owned commercial Banks to foreign-funded strategy investors is undervaluing or not.
国有银行把部分股权卖给外资战略投资者，其究竟算不算“贱卖”，最终还得通过市场实践才能得以验证。
Therefore, the governance structure of companies can be basically improved only by changing the equity structure and characteristics in the way of reduction of holding the state-owned stocks.
只有减持国有股，改变国有上市公司的股权结构，才能从根本上完善国有上市公司治理结构。
At present, in our stock market the state-own shares and legal-person shares which can not participate in the market circulation are about 60% of the total equity.
目前我国证券市场不能参与市场流通的国有股和法人股约占总股本的60%。
Overflow high, price publishing and state -owned share can not be circulated, is to form our country to appear on the market, the source of company 's lopsided equity structure.
高溢价发行和国有股不能流通，是形成我国上市公司畸形股权结构的根源。
Aside from the well-known and related issues of high household debt and negative equity in houses, the latest U. S. employment data have highlighted the still dismal state of the job market.
除了众所周知、牵涉面广泛的家庭高负债和房产负资产的问题，最新的美国就业数据，凸显了美国就业市场的持续低迷状态。
The state-owned proprietary commercial banks are to be reshuffled as state holding share equity commercial banks is accepted by policies community.
国有独资商业银行改组为国家控股的股份制商业银行已被政策界所接受。
Due to the special in equity structure, Chinese state-owned listed companies have theirs own particularity in cost of capital and dividend policy.
我国国有上市公司，由于股权结构上的特殊性，其资本成本和股利政策上更具特殊性。
However, the equity revenue of state-owned listed companies are rich in content and its management can only be improved gradually and the line not be so anxious.
但国有上市公司股权收益涉及的内容丰富，其管理的完善只能是渐渐而行，不能急于求成。
This paper discusses the equity revenue management of state-owned listed companies from the practical perspective.
本文立足于从实用性角度探讨国有上市公司股权收益管理。
In this paper, followed by foreign state-owned equity earnings related to the mainstream of the practice were introduced.
随后本文对国外有关国有股权收益的主流做法进行了介绍。
Article 5: the ownership of the State-owned assets and equity of enterprises subject to the transfer shall be clear.
第五条被划转企业国有产权的权属应当清晰。
Article 5: the ownership of the State-owned assets and equity of enterprises subject to the transfer shall be clear.
第五条被划转企业国有产权的权属应当清晰。
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