The Americanmanagement of securitiesissue is fulfilled mainly by its registration system.
美国对证券发行的管理主要是通过证券发行注册制度实现的。
2
The securities firms is a subject in the system of investment banks of our country, their business is mainly engaged in securitiesissue and second marketing .
证券公司是我国投资银行体系中的主体，其业务主要是从事证券发行承销和二级市场交易业务。
3
As much as I would prefer it otherwise, in this financial environment I see no choice but to require that all securitizers retain a meaningful part of the securities they issue.