In 50 ' s , to accelerate the economic development , the government adopted the stiff policy to supervise the finance , which was called financial regulation 我国在建国初期，为了促进经济发展，更多是以行政干预的形式来管理金融业。我们把这种过于严厉的金融监管称之为金融管制。
Also , the paper compares the legislative system and punishment of chinese financial - bill crimes with other countries , points out that the punishment of chinese financial - bill crimes is too severe and some disadvantages is in the legislation 本文还比较了中外票据犯罪的立法体例和刑罚，指出了我国票据犯罪刑罚过于严厉以及立法尚存一些不足之处，并提出立法完善建议。
I learned a lot from the stories my uncle , aunts , and grandparents told me : that no one is perfect but most people are good ; that people can ' t be judged only by their worst or weakest moments ; that harsh judgments can make hypocrites of us all ; that a lot of life is just showing up and hanging on ; that laughter is often the best , and sometimes the only response to pain 从叔伯姑姨、外公外婆那里听来的故事，让我明白了许多事情，比如金无足赤、人无完人，人多数还是善良的；比如判断一个人不能选择他表现最差或最弱的时候；比如对人过于严厉会让我们自己成为伪君子；比如生活中有很多时候只是露露面和等待而已；比如笑常常是面对痛苦最好的有时也是唯一的方式。
In details , when market liquidity is sufficient large , the strict insider trading regime can union large shareholders with small shareholders to intervene in the management of the firm frequently , therefore reduces agent costs and increases value of the firm ; but if market liquidity is not enough large , the over strict insider trading regulation ca n ' t increase value of the firm 具体来说，当证券市场的流动性足够高时（相对于监督成本） ，严厉的内幕交易规制可以促使大股东与流动性投资者联合，并更多地对公司进行监督，从而减少代理成本，提高公司价值；如果证券市场的流动性不够高，那么过于严厉的内幕交易规制并不能提高公司的价值。
