China has a long history of gray-market financing flowing from small, informal and unregulated groups, to sectors not well covered by Banks.

中国灰色金融市场的历史很长，一些小型的、非正式的和不合法的团体将资金流入那些银行没有很好覆盖的领域。

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But since the same model was selling last week in Beijing for nearly twice the price, Mongkok remains the champion of low-priced gray-market gadgets in Asia.

但由于上周在北京卖的同种型号价格高了一倍，所以旺角仍然是亚洲低价水货电子产品的首选地。

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Gray-market lenders are often established, though technically illegal, financial institutions that lend primarily working-capital loans at rates as high as 10 percent a month.

放高利贷的人通常建立一套金融机构，即使不合法，但能以每个月高出银行利率10个百分点提供最初的运营资金。

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Two decades ago he exploited the shadowy system of gray-market capitalism in the Soviet Union.

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Apple hasn't released the latest iPad in the Mideast, but retailers in the U.A.E. have said gray-market sales have been robust.

WSJ: Apple's New iPad Faces 4G Snags Outside U.S.

Industry experts speculate that 150 Oscars have been sold since the first Academy Awards ceremony in 1929--half of which are likely gray-market sales involving post-1950 statuettes.

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