For the sake of argument , in an economy with a domestic savings rate that is already high , where there is no shortage of funding for domestic investment , increasing the efficiency of domestic financial intermediation should arguably receive priority 为了方便讨论，假设某个经济体系的储蓄率已经颇高，不愁没有本地资金，它当前的急务便应该是提高本地金融中介活动的效率。
It is probably the business , or the potential for the business , arising from mobilising foreign savings into emerging markets or domestic savings of emerging economies into foreign investments that is relatively more attractive , from a profitability point of view 从利润的角度来看，将海外储蓄引导至新兴市场或将新兴经济体系的本地储蓄引导至海外投资项目所衍生的业务或商机较具吸引力。
Objectively speaking , with such a high domestic savings rate and rather strict capital controls , particularly in respect of outflows , the case for tapping foreign savings , which is what a listing outside the mainland aims to achieve , may not be very strong 客观而言，内地的储蓄率如此之高，同时又实行非常严格的资金管制，特别是对资金外流的管制，争取海外储蓄这正是在外地上市的目的的理据似乎并不充分。
Foreign experience and expertise in the organisation of initial public offerings , supported by liquidity and an efficient price discovery mechanism in the secondary market , enhance the quantity as well as the quality of the flow of domestic savings into domestic investments 海外机构在筹办首次招股事项的经验与专门知识，附之以流通性高及具备高效率定价机制的第二市场，能提高本地储蓄转化为本地投资的质与量。
Rather than the traditional policy prescription that aims at increasing domestic savings to finance domestic investments in the us , including curbing the large budget deficit , there is much greater focus on what everybody else should be doing to correct the imbalance 解决方法亦由传统的政策方案，即透过增加国内储蓄来融资美国的本土投资包括遏止大的经常帐赤字，变为集中研究其他人应怎样做，以纠正不平衡的问题。
This is to try and play a meaningful role in mobilising the domestic savings of the mainland , both in channelling them into the hands of fund - raising entities on the mainland and in facilitating their moving out . it is also clear to me what our strategy should be 我清楚知道除了要维持现行的工作外，我们应该着重在调动内地的储蓄方面发挥重要作用，包括协助内地的储蓄走出去以及引导这些储蓄至需要筹集资金的内地企业。
As domestic savings are presented with opportunities to earn higher investment returns overseas , there may be less need to save , causing the savings rate to fall and consumption to rise , the savings - investment gap to narrow and the current account surplus to decline 而由于国内储蓄有机会投资海外从而取得较高的回报，人们对储蓄的需要可能减少，引致储蓄率下降消费相应增加储蓄与投资差距缩窄，以及经常帐顺差减少。
Foreign experience and expertise in the organisation of initial public offerings , supported by liquidity and an efficient price discovery mechanism in the secondary market , increase the quantity as well as the quality of the flow of domestic savings into domestic investments 海外机构在筹组首次公开招股方面的经验与专门知识，加上充裕的流动资金以及第二市场有效的定价机制，大大提高流向本地投资的本地储蓄的质与量。
Apart from the use of foreign expertise to enhance the efficiency of financial intermediation , there is the attraction of a possible net inflow of foreign savings into domestic investments , which would be particularly welcomed when there is a scarcity of domestic savings 除了可利用海外金融机构的专门知识提高金融中介机制的效率外，更有可能吸引到海外储蓄净流入至本地投资，假如本地储蓄有限的话，这个情况便最是理想。
