Question

急求英语翻译一段话!!!谢谢

这篇论文主要研究人民币升值对证券市场的影响机制。该论文分为三部分：第一部分作者主要叙述了选择这个题目的目的及意义，以及人民币升值的背景、原因和最新的升值状况。在世界经济一体化的今天，汇率对资源在全世界的配置起着重要作用，中国经济作为世界经济舞台上的重要一员，人民币汇率的变动将牵动着亚洲各国乃至全世界的神经。因此人民币升值遭到了国内外前所未有的压力。
第二部分作者对人民币升值的影响作了全面而详细的介绍。通过人民币升值对宏观经济的正面效应与负面影响的介绍，以及人民币升值对国内、国际资本市场影响的分析，来进一步研究人民币升值对证券市场的影响机制。随着我国经济贸易实力的增强和人民币向国际化货币的迈进，研究人民币升值对国际证券市场的影响可以为国际投资和汇率政策等方面提供决策依据，具有重要的现实和前瞻意义。
第三部分作者结合当前的政策面，宏观影响，风险大小，等多方面进行研究，总结出人民币升值对证券市场的影响机制，并给投资者提出相应建议。
在这篇论文中作者通过对中国周边市场的研究，例如香港、日本、美国等进行实证分析，通过比较来看人民币升值对中国证券市场的影响，以及扩大到对整个国际市场的影响机制的研究。就股市而言，作者还从某个行业到总体上研究人民币升值对股票市场的影响，逐个击破，研究到底。

Answer 1

This paper focuses on the appreciation of the renminbi on the impact of the stock market mechanism. The paper is divided into three parts: the first part describes the main author chose this topic purpose and significance, as well as the appreciation of the RMB background, the reasons for and appreciation of the latest situation. In the integration of the world economy today, the exchange rate on the allocation of resources in the world play an important role in China's economy as the world economic stage, which is an important one, the RMB exchange rate movements will affect the Asian countries and the world's nerves. So the appreciation of the renminbi was unprecedented pressure at home and abroad.
The second part of the author of the impact of the appreciation of the renminbi a comprehensive and detailed presentation. By the appreciation of the renminbi on the positive effects of macroeconomic and negative impact on the presentation and appreciation of the renminbi on the domestic and international capital markets analysis of the impact the appreciation of the renminbi to further study the impact of the stock market mechanism. Along with China's economic and trade strength of the renminbi currency to the international move on RMB appreciation of the impact of the international securities market for international investment and foreign exchange policy to provide basis for decision-making, have important practical significance and forward-looking.
Author of the third part of the current policy, the macro impact, hazard size, for areas such as research, summed up the appreciation of the renminbi on the impact of the stock market mechanism, and makes recommendations to investors.
In this paper the author of China's neighboring market research, such as Hong Kong, Japan, the United States and empirical analysis, by comparing the revaluation of the yuan on China's stock market, as well as expanded to the entire international market mechanism of the impact of . On the stock market, from the author of a study on the industry to the overall appreciation of the renminbi impact on the stock market, each broken up and study in the end.