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.
保荐人责无旁贷，也只有如此，才能得到投资者的认同。
本法第十一条第二款、第三款的规定适用于上市保荐人。
The provisions of the second and third paragraph of Article 11 of this Law are applicable to sponsors for listing.
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.
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.
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.
但是目前我国实行的保荐人制度从法律层面上看，还有一些缺陷，需要进一步完善。
An analysis of the system's contents and features done from the perspective of law is beneficial to a deep-going understanding.
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.
本文论述了我国股票发行制度从额度审批制到核准制，又到保荐人制的演变过程及其影响。
The sponsor system promotes the process of transition of the issuance approval mechanism; meanwhile they condition each other simultaneously.
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.
最重要的是，在保荐人的数量上，规模较大的中资券商所拥有的注册保荐人数量是合资券商的五到10倍。
Most crucially, the larger ones have between five and 10 times as many licensed sponsors on staff as the foreign joint ventures.
要使保荐人制度在我国证券市场上达到预期的实施效果，做好保荐机构的评价工作是十分必要的。
It is very necessary to do this evaluation work of sponsors well if we want sponsor system to reach the anticipated implementing effect in securities market of our country.
但有关保荐人责任的规定存在一些问题，主要表现在责任定位不准、责任划分不明、责任负担过重。
But there are some problems on the provisions about the responsibility of the sponsor, namely the sponsors are overburdened, the responsibility of the sponsor is confused with other parties'.
在保荐人制度问题上，建议在保荐人资格、保荐方式、法律责任体系等方面进一步强化保荐人制度。
In the sponsorship system issue, it suggest to strengthen the sponsorship in the aspect of sponsor qualification , the way of recommend and the legal responsibility;
企业想在纽交所创业板挂牌必须选择一个挂牌保荐人，帮助企业办理挂牌手续并引导企业进入股票市场。
A company looking to be listed on NYSE Alternext must have a listing sponsor to help it with its listing preparations and guide it throughout its life on the exchange.
保荐人质量是保荐人制度有效性的核心问题。保荐人的质量可以通过一次信息市场和二次信息市场反映出来。
Sponsor's quality is the most important question in the system of sponsor, whose quality can be reflected in the first and second information market.
尽管在过去几个月中，两地股市的下跌迫使许多企业及其保荐人取消了上市计划，但中国基础设施领域的发行项目逆势而动。
While the declines in both markets have forced many companies and their sponsors to scrap listing plans over the past few months, the country's infrastructure projects have bucked the trend.
每一宗交易都需要一名保荐人，且一名保荐人不可同时进行两宗以上的IPO交易，所以本地券商促成交易的能力显然更强。
Since a sponsor is required for every transaction, and no sponsor can work on more than two IPOs at the same time, the local firms have much greater deal capacity.
本文回顾了我国证券发行制度的变革历程，通过比较各国（地方）保荐人制度的异同，总结出我国上市保荐人制度的特点。
The article reviews the changes of security issue system in China and concludes the traits by comparing with the sponsors of other counties.
证券监管机构还可以通过资格控制、及时发布保荐人信息和建立保荐人退出机制等手段，保证保荐人的质量符合市场要求。
Security supervision agencies should guarantee sponsor quality by means of qualification control, publishing sponsor information in time and building sponsor withdrawal system.
证券监管机构还可以通过资格控制、及时发布保荐人信息和建立保荐人退出机制等手段，保证保荐人的质量符合市场要求。
Security supervision agencies should guarantee sponsor quality by means of qualification control, publishing sponsor information in time and building sponsor withdrawal system.
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