| 1. | Parties who have bought a futures contract are said to have taken a long position
购买期货合约的一方被认为是处在市场多头。 |
| 2. | A term used by many brokerages to represent the opening of a long position in option transactions
在期权交易中有许多经纪人使用的用买进来建仓。 |
| 3. | A long position involves inflows greater than outflows in a currency and a short position involved outflows greater than inflows
多头是一种货币的流入大于流出，而空头指一种货币的流出大于流入。 |
| 4. | In general , short selling is utilized to profit from an expected downward price movement , or to hedge the risk of a long position in the same security or in a related security
一般的， “卖空”是为了从（证券）预期价格下降中获取利润，或者规避长期持有相同证券或相关证券的风险。 |
| 5. | The current differential between hong kong and us interest rates is due in part to the market s using the hong kong dollar as a proxy for a long position in the renminbi : this position represents a somewhat far - fetched view
造成港元与美元目前的息差，部分原因是港元被市场用作持有人民币长仓的代替品，但这种做法未免有点儿牵强。 |
| 6. | I added that , in the residential property market , a short position could be defined as not having your own home , a square position as having just your home and a long position as having investment property on top of your home
在住宅物业市场上，空仓是指没有任何住宅物业，平仓指只持有自住物业，长仓则指除了自住物业外，还持有投资物业。 |
| 7. | Official foreign reserves will also increase if the market expects an appreciation of the exchange rate , to the extent that market participants collectively switch their foreign currencies into the domestic currency or take a long position in the domestic currency
若市场人士预期汇率上升，把大量外币转换作本地货币，或以长仓形式持有本地货币，外汇储备同样会增加。 |
| 8. | It is in the nature of risk - taking that some risks will inevitably materialise - a loan may turn bad , a holding of debt securities may depreciate in value because of an interest rate hike , a long position in foreign exchange may involve book losses when the domestic currency strengthens
鉴于银行承受多种不同风险，无可避免地部分风险会实现例如贷款变成坏帐息率飙升时债券价格下跌本地货币转强时外币长仓可能会出现帐面亏损等。 |
| 9. | Under the nips , the debt securities issued by the corporations collectively known as specified instruments are made fungible with the exchange fund bills and notes efbn issued by the hkma , i . e . a short position of a market - maker in efbn can be covered by a long position in sis , or vice versa
根据债券发行计划，上述公司发行的债务证券统称为指定债务工具可与金管局发行的外汇基金票据及债券互换，即市场庄家若持有外汇基金票据及债券短仓，可以指定债务工具长仓来补仓，反之亦然。 |
| 10. | This may arise from a foreign investor exiting from the hong kong stock market ; a speculator squaring a long position in hong kong dollars ; or a foreign issuer switching ipo proceeds into foreign currencies , to a bank or another foreign investor ; or an exporter repatriating his export earnings
进行外汇交易的原因，可能是境外投资者撤出港股投机者将港元长盘平仓境外机构将首次公开招股活动筹集所得的港元转作外币，然后由银行或另一境外投资者承接其港元或出口商调拨其出口收益。 |
