Question

哪位好心人帮我把这段话翻译成英文,急用.谢谢

我国的股票市场是在由计划经济向市场经济过渡的特殊历史时期诞生并发展起来的，新股发行定价方式经历了由行政定价逐步向市场化定价演变的过程。从2005年开始，我国新股发行开始全面采用累计投标询价制, 初步建立了首次公开发行股票市场化的定价机制。但是，由于我国证券市场是一个新兴市场,与国际成熟市场相比,在规模、独立性、规范性运作等方面都存在着明显的差距,因而询价制在实施过程中难以避免地存在着一些缺陷,这些缺陷影响证券市场的健康发展。
论文共分为4个部分。第一部分介绍介绍新股发行定价方式，探讨不同定价方式的优缺点。第二部分是我国新股发行询价制度概述。第三部分是完善我国新股发行询价制度的思考。第四部分是我国新股发行定价制度的改革方案及评价。

Answer 1

　　Our country's Stock market is in is born by the planned economy to the market economy transition special historical period and develops, the new stock release fixed price way has experienced by the administrative fixed price gradually the process which evolves to the marketability fixed price. Starts from 2005, our country new stock release starts to use the accumulation bid inquiry system comprehensively, has established for the first time the public release stock marketability pricing mechanism initially. But, because our country stock market is an emerging market, compares with the international mature market, in aspects and so on scale, independence, regulated operation has the obvious disparity, thus the inquiry system avoids in the implementation process having some flaws with difficulty, these flaw influence stock market healthy development.
　　The paper altogether divides into 4 parts. The first part introduces the new stock release fixed price way, the discussion different fixed price way good and bad points. The second part is our country new stock release inquiry system outline. The third part consummates our country new stock release inquiry system's ponder. The fourth part is our country new stock release pricing system's reform plan and the appraisal

Answer 2

China's stock market from the planned economy is in transition to a market economy and the birth of special historical period to develop and pricing of new shares issued by the pricing has gradually evolved to the market pricing of the process. Starting in 2005, China issued new shares begin using a bookbuilding process Request system, initially established an initial public offering of stock market pricing mechanism. However, because China's securities market is an emerging market, compared with the international mature markets, in terms of scale, independence, and regulate all aspects of the operation there is a clear gap, thus Request system in the implementation process and it is difficult to avoid there are some Deficiencies, these deficiencies affect the healthy development of securities markets.
Paper is divided into four parts. The first part on pricing on new stock issues, explore the advantages and disadvantages of different pricing method. The second part is my new shares issued Request system outlined. The third part is to improve China's new stock issues Request System in China. Part IV is China's IPO pricing system reform programme and evaluation.