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Stock Exchange（股票交易所）
In China the stock exchange is now in general a non-profit-making legal entity with membership system. It is market which provides places for organized trading in securities， manages spot trading of listed stocks and bonds， supplies the customers with the services of securities clearing， delivery， transfer and storage， and with the market information. The Exchange deals with other business activities or services permitted or entrusted by the People's Bank of China.
中國(guó)目前的股票交易所通常是會(huì)員制、非盈利性的法人組織。它是專門為辦理股票交易、管理上市股票和債券的現(xiàn)貨交易提供場(chǎng)所、為客戶提供證券的清算、交割、過(guò)戶和保管以及市場(chǎng)信息的市場(chǎng)。股票交易所還經(jīng)辦其他業(yè)務(wù)活動(dòng)，或者經(jīng)中國(guó)人民銀行許可或委托的業(yè)務(wù)活動(dòng)。
The securities listed in exchange include government bonds， corporation bonds， financial bonds and stocks publicly issued all over the country.
在交易所掛牌上市的有價(jià)證券包括在全國(guó)公開(kāi)發(fā)行的政府債券、公司債券、金融債券和股票。
If you want to buy or sell securities in the market， you must entrust member company's broker to make the dealing， register for the roll and open a capital account and a securities account. Entrustment may include personal interview，contracts by telephone， telegraph， telex and letters. Entrustment price is divided into market price and limited price. The term of entrustment is divided into one-day and five-day validity.
如果有人想在市場(chǎng)上買賣證券，必須委托會(huì)員公司的經(jīng)紀(jì)人才能進(jìn)行交易，名冊(cè)登記，開(kāi)立資金賬戶和證券交易賬戶。委托手續(xù)包括私人會(huì)見(jiàn)，通過(guò)電話、電報(bào)、電傳和信函訂立合約。委任價(jià)格分為市場(chǎng)價(jià)格和限制價(jià)格；委托期限分為當(dāng)日有效和五日有效。
In securities trading， only spot trading is allowed. The transaction includes the trading of one day， regular day and appointed day. The trading amount must be a set or its multiple. Brokers are organized to trade in stocks and bonds according to the principle of time priority and price priority. The delivery， settlement and ownership-transfer of the securities are carried out through the settlement department.
證券買賣只允許現(xiàn)貨交易，交易類別分為當(dāng)日交易、普通日交易和定日交易；交易金額為一個(gè)交易單位或其倍數(shù)。經(jīng)紀(jì)人按照時(shí)間優(yōu)先原則和價(jià)格優(yōu)先原則，有組織地進(jìn)行股票和債券的買賣；證券的交割、結(jié)算、過(guò)戶則通過(guò)結(jié)算部門進(jìn)行。
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