Capital Allocation System

At its best, this system represents an efficient andintelligent capital allocation machine, a market ruled by precision andmathematics rather than emotion and fallible judgment.

最理想的情况，计算机系统是了一个高效、智能的资源分配机器，一个被精确化和定量的市场，而不是受到感性和易犯错的判断所影响的市场。

Therefore, with appropriate enterprise management, it helps bank raise the efficiency of capital allocation, guarantee stability of bank system, handle changing environment and constant bank crisis.

因此合理的公司治理有助于银行提高资金配置效率，保证银行体系的稳定，应对持续变化的环境和不断发生的银行危机。

The positive result shows that the reason of the efficiency of capital allocation of China being low is the internal limitations of the system of capital allocation.

分析结果显示，中国资本配置制度安排上的缺陷使资本配置效率低下。