The stock listing system is the core system of the securities market.

股票上市制度是证券市场的核心制度。

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The unlisted companies can not trade their securities through the listing system at the stock exchange or other stock markets.

未上市的公司的股票不能在证交所或其他股票市场公开挂牌交易。

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And while our review has found that our watch-listing system is not broken, the failure to add Abdulmutallab to the "no fly" list shows that this system needs to be strengthened.

WHITEHOUSE: President Obama Speaks to the Press After Security Meeting

Third, this in turn fed into shortcomings in the watch-listing system which resulted in this person not being placed on the no-fly list, thereby allowing him to board that plane in Amsterdam for Detroit.

CNN: Transcript: Obama outlines steps to prevent terrorism

Third, this, in turn, fed into shortcomings in the watch-listing system which resulted in this person not being placed on the "no fly" list, thereby allowing him to board that plane in Amsterdam for Detroit.

WHITEHOUSE: Security Review on Attempted Terrorist Attack