authoritative system meaning in Chinese
权威系统
Examples
- While we exercise the authoritative system for the application for stock issuance and the securities regulatory commission has the final power for decision , we are going on the revolution routine of marketing , so the effect of administrative act should be weaken and the stock value should be judged mostly by the investors
我国对股票发行申请实行的是核准制度,证监会对能否发行有最终的决定权。但我国实行的是市场化的改革路线,因此行政行为在其中的作用应该弱化,判断股票品质优劣的工作应该主要交给市场来做。