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Shape-preferred orientation (SPO) of oceanic gabbros at ODP Hole 1256D: implications for magmatic processesTrela, Jarek 01 May 2013 (has links)
The magmatic processes involved in building the plutonic section of the oceanic crust at fast-spreading centers remain debated. At this stage, no intact section of this important lithospheric layer, known as seismic layer 3, has been drilled. Yet, Ocean Drilling Program Hole 1256D, located on the eastern flank of the East Pacific Rise, provides unparalleled opportunities to investigate the mode of emplacement and fabric development of the two uppermost gabbro bodies in this crust. Although inferences made from a drill core remain limited due to the intrinsically linear nature of observations, the samples recently recovered hold potential clues on fabric-forming processes and the magma convection in such small intrusions. Gabbro 1 forms a 52 m-thick body intruded in the texturally granoblastic altered zone of the sheeted dike complex. Gabbro 2, situated below gabbro 1, is only 24 m-thick. Both gabbro bodies lack a macroscopically visible fabric and were, until this study, considered structurally isotropic. We use digital image analysis of petrographic thin-sections and the intercept method (Launeau and Robin, 1996) to determine the shape-preferred orientation of plagioclase phenocrysts in 3-D. Thirty-three sets of three mutually perpendicular thin-sections were prepared and analyzed in this manner. The mode of plagioclase grains ranges from 15 to 20% in the upper interval of gabbro 1, 13 to 36% in the lower interval of gabbro 1, and 9 to 28% in gabbro 2. These values refer to the mode of euhedral to subhedral grains only and do not reflect the total mode of plagioclase in the rock. The two gabbros display a weakly anisotropic shape-preferred orientation characterized by an average shape ratio > 1.050. The aspect ratio indicates plagioclase fabric strength deviation from a perfectly anisotropic distributed population. The aspect ratio in the upper interval of gabbro 1 ranges from 1.068 to 1.153. The aspect ratio in the lower interval of gabbro 1 ranges from 1.074 to 1.183. The aspect ratio in gabbro 2 ranges from 1.056 to 1.220. The fabric of these gabbros also displays broad consistency between nearby specimens. Lineation plunges in the upper interval of Gabbro 1 range from 1° to 36°. Lineations plunge in the lower interval of gabbro 1 range from 0° to 44°. Lineations in gabbro 2 plunge from 6° to 69°. In general, the symmetry of plutonic fabrics provides clues on the nature of magmatic fabric-forming processes. Prolate fabrics support magmatic flow while oblate fabrics rather suggest gravitational settling of crystals. Fabrics in gabbro 1 and gabbro 2 are both prolate and oblate. Fabric in the upper interval of gabbro 1 is more prolate than oblate whereas the lower interval of gabbro 1 and gabbro 2 have even distributions of fabric ellipsoids. Detailed observations of petrographic thin-sections reveal several microstructures suggestive of brittle and plastic deformation in plagioclase grains. Microstructures indicative of plastic deformation include kink-banding, mechanical twinning, and undulose extinction. Microstructures indicative of brittle deformation include submagmatically-fractured laths. These subtle features appear in at least one crystal per thin-section analyzed. With the exception of mechanical twins, shipboard scientists of Expeditions 312 and 335 have not documented these microstructures. Numerical calculations reveal that for both gabbro bodies the Rayleigh Number ranges between 1015 and 1018, depending primarily on the kinematic viscosity of the magmas and temperature change across the intrusions. These values indicate that turbulent flow (Rayleigh number > 106) occurred during emplacement. This type of flow may provide an explanation for the variability of aspect ratio and the variability in linear crystal fabric.
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SEMISTRUCTURED PROBABILISTIC OBJECT QUERY LANGUAGE (A Query Language for Semistructured Probabilistic Data)Gutti, Praveen 01 January 2007 (has links)
This work presents SPOQL, a structured query language for Semistructured Probabilistic Object (SPO) model [4]. The original query language for semistructured probabilistic database management system [20], SP-Algebra [4], has limitations such as complex functional notation and unfamiliarity to application programmers. SPOQL alleviates these problems by providing a user friendly and familiar SQL-like declarative syntax for writing queries against SPDBMS. We show that parsing SPOQL queries is a more involving task than parsing SQL queries. We describe the evaluation algorithm for SPOQL queries that we have implemented.
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Garanter vid nyemissioner : Förutsättningar och kostnaderGustavsson, Martin, Lindström, Peter January 2010 (has links)
<p>Syftet med uppsatsen är att utreda vilka förutsättningar som ligger till grund för att företag ska välja att bära kostnaden för användandet av en garant i samband med en nyemission. Genom en kvantitativ och en kvalitativ studie utreds när företag använder garanter, hur garantiåtagandet utformas och vilka kostnader och effekter detta leder till.</p><p>Till den kvantitativa studien som baseras på utförda företrädesemissioner under perioden 2005-2009 ställs två hypoteser rörande när garanter används. Resultatet av den första hypotesen visar inget tydligt samband mellan användandet av garanter och motivet att tillföra rörelsekapital. Testet av hypotes två som söker ett samband mellan användandet av garanter och lågkonjunktur visade ett visst stöd för hypotesen. Efter storleksuppdelning visades ett starkt stöd för att större företag använder garanter mer vid både lågkonjunktur och för att få in rörelsekapital, medan samma studie inte ger något resultat för de mindre bolagen. Den kvalitativa studien som baseras på intervjuer med fyra värdepappersinstitut redogör för marknadens syn på garanter och används för att besvara hur garantiåtagandena utformas och vilka kostnader som följer av användandet. I spåren av finanskrisen som varit är det viktigt att garanter inte etableras som en norm vid nyemissioner där det automatiskt ses som negativt att inte använda ett garantiåtagande. Garanter fyller ett syfte men måste i varje fall tas i relation till företagets faktiska behov av dem.</p>
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Garanter vid nyemissioner : Förutsättningar och kostnaderGustavsson, Martin, Lindström, Peter January 2010 (has links)
Syftet med uppsatsen är att utreda vilka förutsättningar som ligger till grund för att företag ska välja att bära kostnaden för användandet av en garant i samband med en nyemission. Genom en kvantitativ och en kvalitativ studie utreds när företag använder garanter, hur garantiåtagandet utformas och vilka kostnader och effekter detta leder till. Till den kvantitativa studien som baseras på utförda företrädesemissioner under perioden 2005-2009 ställs två hypoteser rörande när garanter används. Resultatet av den första hypotesen visar inget tydligt samband mellan användandet av garanter och motivet att tillföra rörelsekapital. Testet av hypotes två som söker ett samband mellan användandet av garanter och lågkonjunktur visade ett visst stöd för hypotesen. Efter storleksuppdelning visades ett starkt stöd för att större företag använder garanter mer vid både lågkonjunktur och för att få in rörelsekapital, medan samma studie inte ger något resultat för de mindre bolagen. Den kvalitativa studien som baseras på intervjuer med fyra värdepappersinstitut redogör för marknadens syn på garanter och används för att besvara hur garantiåtagandena utformas och vilka kostnader som följer av användandet. I spåren av finanskrisen som varit är det viktigt att garanter inte etableras som en norm vid nyemissioner där det automatiskt ses som negativt att inte använda ett garantiåtagande. Garanter fyller ett syfte men måste i varje fall tas i relation till företagets faktiska behov av dem.
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Игровые технологии как средство повышения мотивации студентов к изучению русского языка : магистерская диссертация / Game technologies as a means of increasing students' motivation to learn the Russian languageСербина, А. Б., Serbina, A. B. January 2020 (has links)
This master's thesis presents experimental work on the introduction of gaming technologies in the secondary vocational education system to increase the cognitive motivation of students to learn the Russian language and the formation of general and professional competencies in the framework of the standards of the Federal State Educational Standard of Higher Professional Education. The paper reveals the possibilities of using gaming technologies and presents examples of pedagogical games in Russian language lessons. The experience of the application of gaming technologies in the Russian language classes at GAPOU SO "Ural Railway College" is presented. / В данной магистерской диссертации представлена экспериментальная работа по внедрению игровых технологий в систему среднего профессионального образования для повышения познавательной мотивации студентов к изучению русского языка и формирования общих и профессиональных компетенций в рамках стандартов ФГОС СПО. В работе выявлены возможности использования игровых технологий и представлены примеры педагогических игр на уроках русского языка. Представлен опыт применения игровых технологий на занятиях по русскому языку в ГАПОУ СО «Уральский железнодорожный техникум».
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A COMPARISON OF QUALITY INDICATORS BETWEEN MEDICARE ACCOUNTABLE CARE ORGANIZATIONS AND HEALTH MAINTENANCE ORGANIZATIONS USING PUBLICLY AVAILABLE DATACampbell, William W, III 01 January 2018 (has links)
The purpose of this study is to explore differences in quality between Medicare Accountable Care Organizations (ACO) and Health Maintenance Organizations (HMO). Three outcomes measures reported by these plans use different methodologies but possess enough alignment to permit comparison: percent of diabetic patients with last HbA1c > 9.0%, colon cancer screening rate and ER visits per 1,000. These outcomes are the dependent variables (DV). A secondary purpose is to explore differences in quality based on the size of the beneficiary population served, using the same measures.
As the Medicare program faces threats to its solvency in coming decades, with 10,000 baby boomers becoming eligible every day, and the ongoing national conversation about healthcare more generally, approaches to Value-Based Purchasing (VBP) are becoming more common. Organizations seeking to identify the types of VBP arrangements in which they should enter have precious little information on the comparative performance of VBP approaches relative to outcomes measures. Different structures create different incentives through the plan design and risk/reward. The convergence or dissipation of the plan incentives at the level of the provider, particularly in primary care, may be a source of variance.
This study is retrospective, non-experimental, and uses publicly available data on the performance of Medicare ACO and HMO plans in calendar year 2015, for the identified measures. Using the Donabedian Structure-Process-Outcome framework, this study explores the impact of structure by type of plan and size of population served, relative to the outcomes. Race, average Hierarchical Condition Category (HCC) risk score and duration of operations are control variables. The analysis uses multiple hierarchical regression to better understand the relationship between the independent variables (IV) and DVs, after the impact of the control variables (CV).
After controls, the IVs did offer some explanation of variation in outcomes. The ACO plans fared better on HbA1c control, while HMO plans had fewer ER visits per 1,000. No discernable difference existed between the HMO and ACO plans with regard to colon cancer screening rate. Serving larger populations led to better performance on all three measures. In general performance was worse on each measure in both models when the percent of not-White patients or average HCC risk score increased. A longer duration of operations also associated to better performance on the outcome measures.
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Earth satellites and air and ground-based activitiesEkblad, Ulf January 2004 (has links)
This thesis, Earth satellites and detection of air andground based activities by Ulf Ekblad of the Physics departmentat the Royal Institute of Technology (KTH), addresses theproblem of detecting military activities in imagery. Examplesof various techniques are presented. In particular, problemsassociated with "novelties" and "changes" in an image arediscussed and various algorithms presented. The imagery usedincludes satellite imagery, aircraft imagery, and photos offlying aircraft. The timely delivery of satellite imagery is limited by thelaws of celestial mechanics. This and other information aspectsof imagery are treated. It is e.g. shown that dozens ofsatellites may be needed if daily observations of a specificsite on Earth are to be conducted from low Earth orbit. New findings from bioinformatics and studies of small mammalvisual systems are used. The Intersecting Cortical Model (ICM),which is a reduced variant of the Pulse-Coupled Neural Network(PCNN), is used on various problems among which are changedetection. Still much more could be learnt from biologicalsystems with respect to pre- and post-processing as well asintermediate processing stages. Simulated satellite imagery is used for determining theresolution limit for detection of tanks. The necessary pixelsize is shown to be around 6 m under the conditions of thissimulation. Difference techniques are also tested on Landsat satelliteimagery with the purpose of detecting underground nuclearexplosions. In particular, it is shown that this can easily bedone with 30 m resolution images, at least in the case studied.Satellite imagery from SPOT is used for detecting undergroundnuclear explosions prior to the detonations, i.e. under certainconditions 10 m resolution images can be used to detectpreparations of underground nuclear explosions. This type ofinformation is important for ensuring the compliance of nucleartest ban treaties. Furthermore, the necessity for havingcomplementary information in order to be able to interpretimages is also shown. Keywords: Remote sensing, reconnaissance, sensor,information acquisition, satellite imagery, image processing,image analysis, change detection, pixel difference, neuronnetwork, cortex model, PCNN, ICM, entanglement, Earthobservation, nuclear explosion, SPOT, Landsat, verification,orbit.
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Earth satellites and air and ground-based activitiesEkblad, Ulf January 2004 (has links)
<p>This thesis, Earth satellites and detection of air andground based activities by Ulf Ekblad of the Physics departmentat the Royal Institute of Technology (KTH), addresses theproblem of detecting military activities in imagery. Examplesof various techniques are presented. In particular, problemsassociated with "novelties" and "changes" in an image arediscussed and various algorithms presented. The imagery usedincludes satellite imagery, aircraft imagery, and photos offlying aircraft.</p><p>The timely delivery of satellite imagery is limited by thelaws of celestial mechanics. This and other information aspectsof imagery are treated. It is e.g. shown that dozens ofsatellites may be needed if daily observations of a specificsite on Earth are to be conducted from low Earth orbit.</p><p>New findings from bioinformatics and studies of small mammalvisual systems are used. The Intersecting Cortical Model (ICM),which is a reduced variant of the Pulse-Coupled Neural Network(PCNN), is used on various problems among which are changedetection. Still much more could be learnt from biologicalsystems with respect to pre- and post-processing as well asintermediate processing stages.</p><p>Simulated satellite imagery is used for determining theresolution limit for detection of tanks. The necessary pixelsize is shown to be around 6 m under the conditions of thissimulation.</p><p>Difference techniques are also tested on Landsat satelliteimagery with the purpose of detecting underground nuclearexplosions. In particular, it is shown that this can easily bedone with 30 m resolution images, at least in the case studied.Satellite imagery from SPOT is used for detecting undergroundnuclear explosions prior to the detonations, i.e. under certainconditions 10 m resolution images can be used to detectpreparations of underground nuclear explosions. This type ofinformation is important for ensuring the compliance of nucleartest ban treaties. Furthermore, the necessity for havingcomplementary information in order to be able to interpretimages is also shown.</p><p>Keywords: Remote sensing, reconnaissance, sensor,information acquisition, satellite imagery, image processing,image analysis, change detection, pixel difference, neuronnetwork, cortex model, PCNN, ICM, entanglement, Earthobservation, nuclear explosion, SPOT, Landsat, verification,orbit.</p>
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Adaptation d'ontologies avec les grammaires de graphes typés : évolution et fusion / Ontologies adaptation with typed graph grammars : evolution and mergingMahfoudh, Mariem 29 May 2015 (has links)
Étant une représentation formelle et explicite des connaissances d'un domaine, les ontologies font régulièrement l'objet de nombreux changements et ont ainsi besoin d'être constamment adaptées pour notamment pouvoir être réutilisées et répondre aux nouveaux besoins. Leur réutilisation peut prendre différentes formes (évolution, alignement, fusion, etc.), et présente plusieurs verrous scientifiques. L'un des plus importants est la préservation de la consistance de l'ontologie lors de son changement. Afin d'y répondre, nous nous intéressons dans cette thèse à étudier les changements ontologiques et proposons un cadre formel capable de faire évoluer et de fusionner des ontologies sans affecter leur consistance. Premièrement, nous proposons TGGOnto (Typed Graph Grammars for Ontologies), un nouveau formalisme permettant la représentation des ontologies et leurs changements par les grammaires de graphes typés. Un couplage entre ces deux formalismes est défini afin de profiter des concepts des grammaires de graphes, notamment les NAC (Negative Application Conditions), pour la préservation de la consistance de l'ontologie adaptée.Deuxièmement, nous proposons EvOGG (Evolving Ontologies with Graph Grammars), une approche d'évolution d'ontologies qui se base sur le formalisme GGTOnto et traite les inconsistances d'une manière a priori. Nous nous intéressons aux ontologies OWL et nous traitons à la fois : (1) l'enrichissement d'ontologies en étudiant leur niveau structurel et (2) le peuplement d'ontologies en étudiant les changements qui affectent les individus et leurs assertions. L'approche EvOGG définit des changements ontologiques de différents types (élémentaires, composées et complexes) et assure leur implémentation par l'approche algébrique de transformation de graphes, SPO (Simple PushOut). Troisièmement, nous proposons GROM (Graph Rewriting for Ontology Merging), une approche de fusion d'ontologies capable d'éviter les redondances de données et de diminuer les conflits dans le résultat de fusion. L'approche proposée se décompose en trois étapes : (1) la recherche de similarité entre concepts en se basant sur des techniques syntaxiques, structurelles et sémantiques ; (2) la fusion d'ontologies par l'approche algébrique SPO ; (3) l'adaptation de l'ontologie globale résultante par le biais des règles de réécriture de graphes.Afin de valider les travaux menés dans cette thèse, nous avons développé plusieurs outils open source basés sur l'outil AGG (Attributed Graph Grammar). Ces outils ont été appliqués sur un ensemble d'ontologies, essentiellement sur celles développées dans le cadre du projet européen CCAlps (Creatives Companies in Alpine Space) qui a financé les travaux de cette thèse. / Ontologies are a formal and explicit knowledge representation. They represent a given domain by their concepts and axioms while creating a consensus between a user community. To satisfy the new requirements of the represented domain, ontologies have to be regularly updated and adapted to maintain their consistency. The adaptation may take different forms (evolution, alignment, merging, etc.), and represents several scientific challenges. One of the most important is to preserve the consistency of the ontology during the changes. To address this issue, we are interested in this thesis to study the ontology changes and we propose a formal framework that can evolve and merge ontologies without affecting their consistency.First we propose TGGOnto (Typed Graph Grammars for Ontologies), a new formalism for the representation of ontologies and their changes using typed graph grammars (TGG). A coupling between ontologies and TGG is defined in order to take advantage of the graph grammars concepts, such as the NAC (Negative Application Conditions), in preserving the adapted ontology consistency. Second, we propose EvOGG (Evolving Ontologies with Graph Grammars), an ontology evolution approach that is based on the TGGOnto formalism that avoids inconsistencies using an a priori approach. We focus on OWL ontologies and we address both : (1) ontology enrichment by studying their structural level and (2) ontology population by studying the changes affecting individuals and their assertions. EvOGG approach defines different types of ontology changes (elementary, composite and complex) and ensures their implementation by the algebraic approach of graph transformation, SPO (Single pushout).Third, we propose GROM (Graph Rewriting for Ontology Merging), an ontologies merging approach that avoids data redundancy and reduces conflict in the merged result. The proposed approach consists of three steps: (1) the similarity search between concepts based on syntactic, structural and semantic techniques; (2) the ontologies merging by the algebraic approach SPO; (3) the global ontology adaptation with graph rewriting rules.To validate our proposals, we have developed several open source tools based on AGG (Attributed Graph Grammar) tool. These tools were applied to a set of ontologies, mainly on those developed in the frame of the CCAlps (Creatives Companies in Alpine Space) European project, which funded this thesis work.
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兩岸三地臺商籌資評估之研究 / IPO and SPO for Taiwan enterprises in China, Hong Kong and Taiwan許坤源, Sheu,Jack K. Y. Unknown Date (has links)
隨著兩岸三地臺商卓越的競爭能力與大中華經濟的迅速發展,海內外臺商發展為配合其長期追求成長之資金需求與其個別特定目的,尋求於最適地點上市籌資或再次籌資已是海內外臺商經營環境中極為重要之ㄧ環。有競爭力的臺商是亞洲各國極力爭取投資及招攬上市掛牌籌資的貴客,因其卓越的經營績效,敢於追求成長的努力,與勇於冒險創新發展的精神,是亞洲各國學習的對象,尤其是來自中國大陸的吸引力。
為臺商提供了一個有效率而低成本的籌資平臺,同時提供投資人一個安全而有成長率的投資平臺,不但有利企業的後續發展,亦關乎產業發展之未來競爭力。
臺商雖然可以在全球證券市場上市掛牌,但在大中華經濟圈中大陸與香港素來是臺商企業投資之重要地域,隨著CEPA簽訂生效,更加連結香港與中國內地之經貿關係,在大批中國大陸具國際規模的國有企業往香港上市,香港證券市場更呈自1997回歸後,出現欣欣向榮的景象,加之中國大陸於股權分置改革執行初具成效後,於2006年初宣佈恢復新股上市,重啟上市申請機制。受此籌資環境變化影響,吸引了大批臺商擬選擇此兩地上市。
臺灣證券市場雖仍是多數海外臺商上市之「最佳解」,在人親土親的原則下可能會對臺商企業有諸多吸引力,但因招商政策之擬定與執行受到政治因素之影響而有所偏頗,限制對中國大陸投資上限及再籌資之資金不得投資中國大陸等障礙,臺商回臺上市面臨諸多壓力,回臺之路猶似近在眼前,卻遠如天邊,其路漫漫。故尋求在中國大陸或香港上市便成為臺商上市籌資之「較適解」選項。
如何突破目前法規架構下發展對臺灣經濟與產業發展競爭力之最為有利的方式是目前政府部門努力的方向之一。惟,反向思考,是否解開對大陸投資上限40%之障礙,臺商回臺上市必可迎刃而解呢?臺商赴港上市或赴大陸掛牌就一定是致命吸引力嗎? 藉由探討兩岸三地證券市場之發展現狀與特色﹔以及將臺商企業已在大陸上市、香港上市與回臺上市之營運面與證券交易面之表現,由該已上市臺資企業期後財務效益,檢視兩岸三地證券市場籌資之關聯性問題與上市決策之選擇關鍵,及群聚現象對產業發展之影響。
藉由深入分析兩岸三地資本市場之特徵與股市表現,試圖找尋可行途徑,以對臺商企業籌資及臺灣證券市場有所建言。
當全球交易所的合併收購蔚成風氣,紐約證交所(NYSE)於2006年6月以將近100億美元併購協議,以現金加計股票收購歐洲證交所(Euronext),首次建立橫跨大西洋兩岸的證券交易市場。惟,上市籌資具本土化特性,現今大量中資企業以H股或紅籌股到香港掛牌,而臺資企業亦經過集團分拆或組織重組到香港掛牌,均存在跨境監理之問題,而兩岸三地證券管理制度存在一定差異,若能彼此合作組成「大中華區域證券市場」─雙邊掛牌機制甚或多邊掛牌,則臺灣企業集團在兩岸三地間上市籌資、資金運籌就不會受制於相關兩岸三地間的利益衝突問題;具國際競爭能力之中資企業亦能吸納更多國際資金;香港投資銀行及金融之優勢可以更加發揮,達到三贏之局面。
政治是短暫的,產業經濟競爭能力才是長久的。從曾傲人經濟表現的亞洲四小龍,到金磚四國的崛起,產業經濟競爭不斷在演進,臺商及兩岸三地證券主管機關如何利用兩岸三地證券市場之特性與互補而整合成「大中華區域證券市場」,或許可為此區域經濟創造三贏之利益。
關鍵詞:臺商; 籌資; 投資; 初次上市;再籌資; 掛牌; 資本市場; 股票市場; / With rapid development of Greater China's economy of three places (China, Hong Kong and Taiwan) of two sides, listing in the most suitable exchange to fund-raising by IPO and SPO are quite important for the Taiwan enterprises. An efficient fund-raising platform of the low cost and safe, not only benefit Taiwan enterprises in future competitiveness, but also offer investors safe and efficient invest environment.
As CEPA signs coming into force, the trading tied closely between Hong Kong and China. Furthermore, China’s reform of “equity right” is effective and reopens the IPO mechanism at the beginning of 2006. Taiwan enterprise, however, listed on Taiwan stock market has a regulation of 40% limited of equity value invest in China. Those incentives from Hong Kong and China, the limit of Taiwan stock market, have made Taiwan enterprises consider to choose these two places to be listed.
In this research, we compare and contrast the characteristics among China, Hong Kong and Taiwan stock markets. Surveying the performance of business operation and dealing of the Taiwan enterprises which have listed in China or Hong Kong or come back to list on Taiwan market. Analyze and find the influence factors of the fund-raising among these three markets. Find the key points of listing decision and how the “cluster effect” influences the industry development.
Although the security market of Taiwan was listed by most overseas Taiwan traders ' solve bestly ', may have a great deal of appeal to Taiwan trader's enterprises under the circumstances that people kiss the principle kissed in land , but because promote trade and investment the policy draft that biased to some extent with the influence of receiving the political factor of execution, limit the obstacle of can't invest in China's Mainland to investment upper limit and fund raising funds again of China's Mainlanding etc., the Taiwan trader goes back to the platform to list and face a great deal of pressures, the way to platform is still like near before eyes, but far like the remotest places, its way is endless. Is it is it become Taiwan trader list raise funds ' relatively right to solve ' to select to list on China's Mainland or Hong Kong to seek.
How break through regulation between development and Taiwan economy and industry development competitiveness favorable way government department diligent direction at present most under the structure at present. Only, think backward whether untie 40% of the obstacles of upper limit of continent investment, is it be very easily solved that the Taiwan trader go back to the platform to list? The Taiwan trader be the deadly appeal when going to Hongkong and is listed or go to the mainland to list? By probing into the current situations of the development and characteristics of three place security markets of two sides; And has been listed on mainland Taiwan trader's enterprises , Hong Kong is listed and gone back the behavior the listing operation surface of the platform and securities trading , from should already listing Taiwan-owned enterprise financial benefit under issue, inspect two sides three place getting related question and listing choice key of decision that security market raise funds, and the influence on industry development of clustering phenomenon.
Behave with the characteristic and stock market of analysing in depth three place capital markets of two sides, attempt to look for the feasible way, suggest to the fund-raising of Taiwan trader's enterprise and security market of Taiwan to some extent.
Purchase and become atmosphere luxuriantly in amalgamation in the global exchange, the stock exchange of New York (NYSE ) has already decided an agreement, will add stocks and purchase the European stock exchange (Euronext ) with cash of nearly 10 billion dollars, set up and stretch over the securities trade market of the Atlantic Ocean firstly. Only, listing and raising funds has localization characteristics, a large amount of China-invested enterprises are gone to Hong Kong to list with the H-share or the red chips now, and the Taiwan-owned enterprise also passes the group and breaks or organizes and recombinates to Hong Kong and is listed , the question managed in border exists and steps but there are certain differences in three place securities management systems of two sides, if can cooperate and form ' Greater China regional security market ' each other - Listed the mechanism bilaterally even listed, then the enterprise group of Taiwan is listed on three places of two sides the fund-raising , fund and drawn up plans and would not be situated in the interests conflict question among three places of relevant two sides; The China-invested enterprise with international competitiveness can also receive more Chinese fund ; Hong Kong investment bank and advantage of the finance can give play to the situation up to three wins further .
' politics is transient, industry's economic competitive power is permanent ', Chinese helps Chinese, earns the global money with Chinese's strength of assembling, accords with Chinese's common interests of three places of two sides, regard this as the suggestions of three place securities competent authorities of two sides correctly.
Key Word : Taiwan enterprises; Fund-raising; IPO; SPO; Investment: Listing; Capital market; Stock market.
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