Whether they are strategic investors depends on the returns to investors after commercial banks' Stock reform.

是否是战略投资者，取决于商业银行股改后对投资者的回报；

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However, on the basis of integrating current law resource, the commitments of stock reform is not completely realized.

然而，在充分整合现有法律资源的基础上，却发现股改承诺并没有得到充分有效的兑现。

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With evolution, most of NTN's effort has been changed into the manufacture and sales of bearings, constant velocity Joints (CVJ) and precision machinery since the joint-stock reform in 1934.

随着事业的逐步扩大，1934年，NTN进行了股份制改制，公司主要从事轴承，等速万向节，精密机械等的生产以及销售业务。

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Usually, it makes a sensible analysis of the problem, and proposes what should be done: over a capital gains tax cut, for example, or stock-option accounting, or pension reform, or telecoms deregulation.

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Its stock is down 20% since health care reform passed in late March, while most health insurance stocks are down about half that.

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These go much further than the corporate reform devised by the New York Stock Exchange and by Congress, in the form of the Sarbanes-Oxley bill, in response to the frauds at WorldCom and Enron, an energy trader.

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