金融英语：外国公司的市场准入选择权
<p><span word="Market">Market</span> <span word="Entry">Entry</span> <span word="Options">Options</span> <span word="for">for</span> <span word="Foreign">Foreign</span> <span word="Firms">Firms</span></p><p><span word="Licensing">Licensing</span></p><p><span word="Technology">Technology</span> <span word="transfer">transfer</span> <span word="is">is</span> <span word="another">another</span> <span word="initial">initial</span> <span word="market">market</span> <span word="entry">entry</span> <span word="approach">approach</span> <span word="used">used</span> <span word="by">by</span> <span word="many">many</span> <span word="companies">companies</span>. <span word="It">It</span> <span word="offers">offers</span> <span word="short">short</span>-<span word="term">term</span> <span word="profits">profits</span> <span word="but">but</span> <span word="runs">runs</span> <span word="the">the</span> <span word="risk">risk</span> <span word="of">of</span> <span word="creating">creating</span> <span word="long">long</span>-<span word="term">term</span> <span word="competitors">competitors</span>.</p><p><span word="Franchising">Franchising</span></p><p><span word="China">China</span> <span word="is">is</span> <span word="developing">developing</span> <span word="laws">laws</span> <span word="which">which</span> <span word="specifically">specifically</span> <span word="address">address</span> <span word="franchising">franchising</span>. <span word="Virtually">Virtually</span> <span word="all">all</span> <span word="foreign">foreign</span> <span word="companies">companies</span> <span word="who">who</span> <span word="operate">operate</span> <span word="multiple">multiple</span>-<span word="outlet">outlet</span> <span word="retail">retail</span> <span word="venues">venues</span> <span word="either">either</span> <span word="manage">manage</span> <span word="the">the</span> <span word="retail">retail</span> <span word="operations">operations</span> <span word="themselves">themselves</span> <span word="with">with</span> <span word="Chinese">Chinese</span> <span word="partners">partners</span> (<span word="typically">typically</span> <span word="with">with</span> <span word="a">a</span> <span word="different">different</span> <span word="partner">partner</span> <span word="in">in</span> <span word="each">each</span> <span word="major">major</span> <span word="city">city</span>) <span word="or">or</span> <span word="sell">sell</span> <span word="to">to</span> <span word="a">a</span> <span word="master">master</span> <span word="franchisee">franchisee</span> <span word="which">which</span> <span word="then">then</span> <span word="leases">leases</span> <span word="out">out</span> <span word="and">and</span> <span word="oversees">oversees</span> <span word="several">several</span> <span word="franchise">franchise</span> <span word="territories">territories</span>.</p><p><span word="E">E</span>-<span word="commerce">commerce</span></p><p>The <span word="E">E</span>-<span word="commerce">commerce</span> environment is still fairly immature due to the lack of defined regulatory powers over the industry, effective Chinese certificate authentication systems, secure and reliable on-line settlement systems, and an efficient physical delivery system.</p><p><span word="Trading">Trading</span> <span word="Companies">Companies</span></p><p><span word="Generally">Generally</span>, <span word="foreign">foreign</span> <span word="companies">companies</span> <span word="are">are</span> <span word="not">not</span> <span word="permitted">permitted</span> <span word="to">to</span> <span word="trade">trade</span> <span word="in">in</span> <span word="China">China</span>, <span word="with">with</span> <span word="the">the</span> <span word="exception">exception</span> <span word="of">of</span> <span word="the">the</span> <span word="products">products</span> <span word="they">they</span> <span word="manufacture">manufacture</span> <span word="in">in</span> <span word="China">China</span>. <span word="With">With</span> <span word="careful">careful</span> <span word="selection">selection</span>, <span word="training">training</span> <span word="and">and</span> <span word="constant">constant</span> <span word="contact">contact</span>, <span word="US">US</span> <span word="firms">firms</span> <span word="can">can</span> <span word="obtain">obtain</span> <span word="good">good</span> <span word="market">market</span> <span word="representation">representation</span> <span word="from">from</span> <span word="a">a</span> <span word="Chinese">Chinese</span> <span word="trading">trading</span> <span word="company">company</span>, <span word="many">many</span> <span word="of">of</span> <span word="which">which</span> <span word="are">are</span> <span word="authorized">authorized</span> <span word="to">to</span> <span word="deal">deal</span> <span word="in">in</span> <span word="a">a</span> <span word="wide">wide</span> <span word="range">range</span> <span word="of">of</span> <span word="products">products</span>.</p><p><span word="Notes">Notes</span></p><p><span word="market">market</span> <span word="entry">entry</span>市场准入</p><p><span word="option">option</span> <span word="n">n</span>.选项, 选择权</p><p><span word="license">license</span> <span word="v">v</span>.①<span word="to">to</span> <span word="give">give</span> <span word="or">or</span> <span word="yield">yield</span> <span word="permission">permission</span> <span word="to">to</span> <span word="or">or</span> <span word="for">for</span>同意：给予批准或许可</p>
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