1. Since its commencement of business in October 1997, the HKMC has proceeded smoothly with its Mortgage Purchase Programme. 
   自一九九七年十月开业以来，按揭证券公司顺利推行按揭购入计划。
2. Since its commencement of business in October 1997, the HKMC has proceeded smoothly with the first phase of its business plan. 
   自一九九七年十月开始营业以来，按揭证券公司的第一阶段业务计划进展顺利。
3. Received the Bachelor of Arts degree at commencement. 
   在毕业典礼上接受文学学士学位
4. The commencement of a race or of a planned military attack. 
   开始，出击比赛的开始，或有计划的军事进攻的开始
5. The beginning of something, such as an undertaking; a commencement. 
   起头，开端某事的开始，比如一项任务；开端

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• 1. 开始营业
  commence || 开始, 着手...commencement of business || 开始营业...commencement of cover || 保险责任开始
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