可以说校园文化的建设才是合并高校能否实现实质性合并的关键所在。
We can say the construction of the campus culture is the key to the combination of merge universities substantively.
合并后的公司将在欧洲衍生品交易中具有实质性垄断地位，业务利润率远高于美国股票交易。
The combined company would hold a virtual monopoly in European derivatives trading, which is a much higher margin business than equity trading in the us.
而且这些问题能否妥善解决，关系到合并院校能否实现实质性融合。
Whether these problems can be solved properly has relation to the substantive fusion of the merged colleges.
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