But Chinese security market is incomplete under short-sale constraint, which causes the ineffectiveness of risk share and the loss of social welfare.

然而，我国存在卖空限制的证券市场是不完全的，这导致了风险分担的无效以及社会福利的损失。

youdao

But there are a lot of problems in the corporate restructuring performance especially the special Treatment (st) listed corporations as our country's capital market is incomplete.

但我国的上市公司尤其是特别处理类(ST)上市公司的资产重组存在着许多问题。

youdao

"The market is not full" and "incomplete market" often become the shackles of market allocative efficiency.

“市场不完全”和“不完全市场”往往成为提高市场配置效率的桎梏。

youdao

The cause is less market liberalisation as such than the fact that the liberalisation remains incomplete.

ECONOMIST: Books in brief