The paper firstly analyzed the condition for the transit of information efficiency to the capital allocation efficiency , then tested the efficiency of the stock market mainly from the viewpoint of the formation of industrial capital employing co - integrated testing 通过分析信息效率向资本配置效率传导的条件，然后从产业资本形成的角度出发，利用协整分析方法对中国股票市场上的资本配置效率进行了检验。
What is more important , more and more industrial capital has run into the financial market and tried to set up financial holding companies . since they are not regulated by the financial supervision bureaus , bigger attentions should be paid to such kind of companies 更重要的是，随着中国金融市场的逐步放开，越来越多的产业资本不同程度地参股、控股了金融机构，形成了许多很不完善的准金融控股公司。
On the basis of these situation , the typical boe case is analyzed in this paper , and " strategic + financial leverage " is pointed out - this new mode of mixing industry capital and financial capital is new financing mode of chinese corporation international m & a 论文在阐述这些现状的基础上，着重通过对京东方典型个案的剖析，由此指出“战略定位财务杠杆”这种产业资本与金融资本的新型结合模式，是我国企业未来跨国并购融资的新范式。
Becomes the combination center of study - research - production . at the same time , dankong established chemical r d center of zhejiang , dankong - zhejiang university and other 5 united r d centers , with top domestic r d institutes in cooperation . all products are iso9002 certified in 1998 近年来，又与国内7家科研院所合作成立联合实验室，从而架起了产业资本与智力资本的桥梁，加快了企业科技创新的步伐，为企业实现稳健发展提供了坚实的保障。
Commercial bank of china became the representative at the banking investment in modern china . finally , the article discussed the money market envionments , then expounded the mutual relationship each other to summarize some charateristics and tendecies which the money market possessed in decades during late qing 在该行的投资活动方面,详细分析其进行投资的社会经济原因、投资主要形式。在清末,通商银行资本向产业领域投资,是中国近代产业资本薄弱的表现。
It is based on the effective combination between industrial and financial capital , and comparative big assets scale . as an effective way of financial organization innovation , it has the advantages that the traditional financial institutions hardly have 作为金融组织创新的一种有效手段，金融控股公司在实现产业资本与金融资本有效融通、在相当的资产规模基础上，通过金融创新，在规避风险中不断开拓，以传统金融机构难以具备的优势，给金融市场带来生机与活力。
The distribution of income by factors " contribution is a special mode of distribution in knowledge economy , which suggests that every factor of production ( esp . human capital ) should be paid by the actual contribution to social fortune , and denies the traditional ideas that industrial capital should monopolize the net income of firms 按贡献分配是知识经济所特有的分配方式，它强调了各种生产要素(特别是人力资本)以其对社会财富的创造所做出的实际贡献，即业绩来获取相应报酬的方式，从而否定了产业资本垄断企业纯收入的传统做法。
Thus , in order to overcome the above - mentioned contradictions , it is necessary to adopt a series of powerful measures to guide and encourage listed companies , securities companies and overseas capital to participate in investing and to form the diverse supply subjects of the venture capital with listed companies as their main body . part three : organizational forms of the venture capital . this part makes a comparative analysis on three main organizational patterns of the venture capital organizations from the points of the tax cost , the daily management cost and the incentive and confining mechanism , and the author points out the limited tied up corporate is the ideal style for the development of the venture capital 本文的主要观点有：在融资机制部分，指出以上市公司为代表的大企业和大公司等产业资本是增加我国风险投资有效供给的最重要的供给主体；在风险投资组织形式部分，提出我国风险投资组织形式分阶段发展的建议，指出有限合伙制是最佳的、最先进高效的风险投资组织形态，我国最终应该建立以有限合伙制为核心的风险投资机构；在投资机制部分，与现有其它定性与案例决策研究不同，本文从一般理论出发，结合风险投资实际，逻辑地推断与构建出具有一般意义的风险投资家投资决策体系。
Without concerning the factors of venture capital purchasing cash , we could find that the slump in the prices of the global netstock did n ' t slow down the step that traditional enterprises transformed into new economic models , but the slump efficiently got rid of the foam of the short - term financial capital and promoted the financial capital to engraft with industrial capital 排除风险资本的套现因素，可以看到网络股的大跌未能放慢传统企业向新经济的转移步伐，而是有效地挤去了金融资本的短期行为泡沫，更好地与产业资本进行嫁接，推动了整个社会对其真正价值的关注与探索。
The combination of the conventionai 1 duaiistic economy structure and the new dualistic ecpnomy structure under the hi - tech industry forms a muitip1e " eriensive dualistic economy structure " . during the hi - tech industry deveiopment process , there exist the industry main body " dualistic configuration " , market monopoly competition " duality mathet structure and developmeof path " duality path " inside the hi - tech industry because of these iotercrossed each othef , the hi4ech industry development economy system is featured with the int6raction of compound dualistic economy structure . ln this paper it is caiied as super duaiistic economy structure mode , that is to say , the hi4ech industry 以此为基础，对于高技术产业资本原始形成的途径、高技术产业融资的“超二元化结构”体制模式及其效率问题分别进行了论述，提出决定高技术产业发展中金融支持体系的“超二元结构”和高技术产业融资的系统理论模式：大银行、主板证券市场支持以模仿创新技术、规模垄断为主要特征的规模垄断型高技术产业，中小企业的银行、私募资本市场的天使投资和创业资本投资、创业板证券市场支持以原创性创新技术、技术垄断和中小企业为主要特征的技术垄断型高技术产业。
