当然，这个净差额只是概念上的，在实际交易中，股票的供给和需求总会达成平衡。

Now, of course, this gap is entirely notional. The actual level of equity.

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麦肯赛估计，新兴市场上股票的供给大于需求的净差额将会高达7万亿美元。

McKinsey reckons the net excess of supply over demand for equities in emerging.

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对有面值的股票来说，这些差额分别称为溢价和折价，但股份很少折价发行。

These differences are called premium and discount, respectively, for par value stock. However, shares are rarely issued at a discount.

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