margin borrowing

Increasingly, they are turning to margin financing, or borrowing money from brokerage firms to buy stocks& raising the risk of even steeper losses for ordinary investors if the boom goes bust.

他们越来越多地转向融资融券，即从券商那里借钱购买股票。这加剧了一种风险：股市的繁荣消退后，普通股民会蒙受更巨大的损失。

Baoneng Group faces the forced liquidation of its investment in China Vanke unless it can meet impending margin calls on its borrowing-in a demonstration of the risk of using leverage to build a stake for a hostile bid.

宝能集团（Baoneng Group）对万科（China Vanke）的投资面临被迫变现，除非它能满足迫在眉睫的追加贷款保证金要求。这展示了利用杠杆积累股权、实施敌意收购的风险。

Now investors are only allowed to trade on margin by borrowing from securities firms.

如今，投资者只允许向证券公司借贷炒股。

Except that they wanted to exploit the margin between the government-guaranteed borrowing costs and the commercial lending income.

房利美和房地美原本不会成长到今天的规模–可惜它们想赚取政府担保的贷款成本和商业贷款收入之间的差额；

This caught out spreadbetters who still held short positions on the UK and US indices, and some of those trading heavily on margin borrowing to increase their exposure saw their funds wiped out.

这导致仍然持有英美指数空头头寸的价差交易者被套牢，而那些主要依靠保证金交易（举债加仓）的部分人眼睁睁看着自己的资金蒸发掉了。

To match Mr. Buffett's long-term return, the researchers found, a portfolio would need to be 60% on margin& borrowing enough so that it owned$ 160 of 'cheap, safe, quality stocks' for every$ 100 of portfolio value.

研究人员发现，要达到巴菲特那样的长期回报，投资组合需要有60%的借入比例，也就是说，借款比例足以让每100美元的投资组合持有160美元便宜、安全、优质的股票。