advance capital meaning in English

垫本
预付资本

By throwing penetrating light on the root of risks , we may conclude briefly that they are : the problems of the state - owned property ; the " over - supply " and " insufficient - supply " by the government coexist ; the absence of advanced capital market concluding above researches , we may get down to the main context of risks eluding as such : exploring the deep root of risks in order to depress the stimulation for the opportunism of the market participants . the basic ways would be that : to deal with effectively the deficiencies which the stock shares in the operation of debt - in - lieu - equity inflict upon the administration capability , to optimize the corporation governance - structure in the state - owned enterprises should be the core measures in the risks shunning operation
尤其在审批者缺乏有效的鉴别手段，且自身存在较强的道德风险的倩况下，国有企业具有更大的逆向选择酮；陇在着逆向示范风险：一方面债转股按帐面价值转移国有椅业银行的不良资产，对其既往不咎，容易导致商业银行的道德风险；另一方面，在我国特定的制度背景下，所有的国有企业都将债转股视作一项优惠政策，而这种“优惠”又往往是为“坏”企业设置的，这对非转股的好企业就会形成逆向激励，从而选择拖欠本息、松懈管理。