Zuo Xiaolei, chief economist at Galaxy Securities, said: The fundamental reason for different valuations is that global investors don't think these shares are worth as much as domestic investors think they are.

A senior manager at one of the Underwriters, Galaxy Securities, said many local investors thought that conventional valuations, pricing shares based on future earnings, had little meaning in the present bull market.

中国银河证券（galaxy securities）的一位高级经理表示，许多国内投资者认为，在目前的牛市，基于未来收益对股票进行定价的传统估值方法没什么意义。

But what we can say is that based on historical examples, this kind of miracle is never sustainable,'said Zuo Xiaolei, chief economist for China Galaxy Securities in Beijing.

但我们可以说，根据历史情况看，这种奇迹从来都是不可持续的。

Haitong Securities, GF Securities and China Galaxy Securities entered the list for the first time as a bull stock market boosted their revenues.

凭借牛市提高了营业收入，海通证券、广发证券和中国银河证券首次入围中国企业500强。

Hao Daming, an analyst with Galaxy Securities, figures out two of the driving forces for the CPI growth.

星河证券的一名分析师郝达明计算出两种导致CPI增长的力量。

Information System Security Solution of Galaxy Securities Corporation's Headquarters

银河证券总部信息系统安全方案

Research and Practice of Knowledge Management System for China Galaxy Securities

银河证券知识管理系统的实施研究

We've never heard of such a thing.

我们从来没听说过这种事。

She first heard of his name in a casual conversation.

她在一次偶然的谈话中第一次听到他的名字。

My mother heard of this school through Leslie

我母亲是从莱斯利那里知道这所学校的。

After his beating Colin ran away and hasn't been heard of since

科林被他打了一顿后就离家出走了，从此杳无音讯。

'You've never heard of him?' — 'I don't believe so.'

“你从来没有听说过他？”——“我认为不是这样的。”

I had a feeling it would be the last I heard of him.

我有一种感觉，这将是我最后一次听到他的消息。

Who ever heard of a thing like that?

究竟是谁听说了那种事？

The last I heard of him he was living in Glasgow.

我最后一次听到他的消息时，他住在格拉斯哥。

I've never heard of the place.

我从来没听说过这个地方。

If you think of food, many of you will have heard of the Slow Food movement.

若你们关心吃食，那你们中许多人应该听过慢食运动。

Secondly, through the analysis of the research on the contents, getting to know the ways of the female mass audience contact choose and use the media.

第二，基于中国女性受众研究的内容进行深入分析，以期了解作为受众的女性：其媒介接触、选择与使用；

It enables them to reach a mass audience, as television does, but with the extra benefit of much greater targeting.

该网站能像电视那样让他们接触到大量受众，而且它还有一个好处，那就是更具针对性。

If the mass audience is interested in watching existing shows, changing them without offering new interesting ones will cause problems, Yu said.

如果广大观众喜欢看现有的节目，那么在无法提供新看点的情况下，就撤掉这些节目会带来一些问题。

The Apple Macintosh appeared in 1984, bringing icons and the mouse to a mass audience.

苹果的Macintosh电脑于1984年问世，将图标和鼠标带到广大用户面前。