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| 1. | Because of the high degree of liquidity in these securities, they are issued at a tight spread over corresponding |
| 由於这些债券流动性极高，因此孳息只稍稍高於外汇基金债券，致使按揭证券公司能以较低成本进行集资。 |
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| 2. | Concerns over fund outflow and high market velocity will see the market entering into a consolidation |
| 对资金流出和市场快速波动的担心将会让市场在短期内进入一个整固时期。 |
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| 3. | An Analysis on Negative External Effect of the Liquidity of Credit Loan Fund——Thinking over Handicap |
| 信贷资金流动性的负外部效应分析——对当前货币供应量调控效应阻碍因素的思考 |
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