n. 非居間化(指由儲(chǔ)蓄銀行存款轉(zhuǎn)為直接的證券投資)

In section 6 we analyze fundamental reason for the declining growth in China, financial disintermediation. 在第六部分，我們分析了中國(guó)經(jīng)濟(jì)增長(zhǎng)放緩，金融脫媒的基礎(chǔ)原因。

Therefore,“financial disintermediation”will urge the banks to develop innovation. 因此,“金融脫媒”將促進(jìn)我國(guó)銀行業(yè)金融創(chuàng)新的進(jìn)程。

What lessons can be shared from deregulation, disintermediation and foreign competition? 他們能從外資管制的即將撤銷(xiāo)，銀行脫媒以及外資銀行競(jìng)爭(zhēng)中學(xué)到哪些經(jīng)驗(yàn)?zāi)兀?/p>

Disintermediation is increasing and consumers increasingly understand that they have to pay for value-added services. 中介服務(wù)的功能正在削弱，同時(shí)，消費(fèi)者明白他們必須為增值服務(wù)支付費(fèi)用。

In other words, financial disintermediation has arisen with asset securitization in Taiwan. 意即銀行在逾期放款比率增減時(shí)，并不會(huì)特別調(diào)整放款馀額占資產(chǎn)之比率。

S. financial markets.The surge in securitization brought about the disintermediation in the banking system. 證券化的突飛猛進(jìn)導(dǎo)致了銀行體系的非中介化。