您可能以为中国公司会在股票市场溢价。
You might assume that Chinese companies would command a premium in the stock market.
理论界对股票市场溢价现象的困惑与争论由来已久,对其成因的解释可以归纳为理性定价与非理性定价理论。
In the financial circle, controversy on the cause of premium phenomenon has long history. Rational pricing and irrational pricing are two kinds of explaining theories.
信用利差(即高于无风险利率的风险溢价)被放大到前所未有的程度,并且导致股票市场充斥着恐慌情绪。
Credit spreads-that is to say, the risk premium over and above the riskless rate of interest-widened to unprecedented levels and eventually the stock market also was overwhelmed by panic.
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