Article 12 the formats and ways of delivery of the application documents to be submitted by an issuer who applies , according to law , for public offer of securities shall be prescribed by the authority or department legally responsible for verification or examination and approval 第十二条发行人依法申请公开发行证券所提交的申请文件的格式报送方式,由依法负责核准或者审批的机构或者部门规定。
There are a lot of the fund - raising ways of enterprises , such as issue stocks , issue securities , lease , bank borrowed money , retaining incomes , commercial credit etc . every way costs certain cost and certain redemption risk exists 企业的筹资方式有很多,如发行股票、发行证券、融资租赁、银行借款、留存收益、商业信用等,但通过每一种方式筹集到的资金都要花费一定的代价,并且存在一定的偿还风险。
Article 12 the format and ways of submission of the application document to be presented by the issuer for application for public issuance of securities according to law shall be prescribed by the institution or department responsible for verification and approval or examination and approval according to law 第十二条发行人依法申请公开发行证券所提交的申请文件的格式、报送方式,由依法负责核准或者审批的机构或者部门规定。
With the establishment of a special kind of organization - - spy ( special purpose vehicle ) , bonds can be issued to the public , and then the fund corrected in this way is to be used to buy the housing - mortgaged loans granted by the banks and the capital and interests of the issued bonds will be paid back with the borrowers " payment for the loan capital and interests 证券化最早的形式是融资证券化,即资金需求者通过在资本市场和货币市场上发行证券向投资者筹资的直接融资方式,这种融资证券化形成了目前传统的证券市场。后来,随着金融市场大量不动产抵押贷款、汽车抵押贷款、消费贷款和信用卡业务的发展,金融存款机构的资金来源不能满足房地产抵押贷款等业务的需要。
The main tort activities in the securities market can be classified as follows : 1 ) falsified or misleading information on important omissions that result in losses for investors during securities transaction ; 2 ) manipulation of securities market ; 3 ) securities exchange personnel with inside information ; and 4 ) issuance of securities to the public without prior approval by authorized body according to law 《证券法》中的证券侵权行为包括虚假陈述,误导、重大遗漏,操纵市场,内幕交易,发行人擅自发行证券等。产生民事侵权责任的构成要件是:首先,有侵权行为存在,即存在虚假陈述,误导、重大遗漏行为,操纵市场行为,内幕交易行为和发行人擅自发行证券行为。
Article 175 any unit that issues securities without verification or examination and approval by the statutory authority or that issues securities by forging issuing documents shall be ordered to cease issuance and refund the funds thus raised , together with bank deposit interest for the same period , and shall also be fined not less than 1 percent but not more than 5 percent of the amount of the illegally raised funds 第一百七十五条未经法定的机关核准或者审批,擅自发行证券的,或者制作虚假的发行文件发行证券的,责令停止发行,退还所募资金和加算银行同期存款利息,并处以非法所募资金金额百分之一以上百分之五以下的罚款。