1. This has significantly promoted the liquidity of the paper in the secondary market. 
   市场庄家制度对促进债券在第二市场的流动性，具显着成效。
2. This has enhanced secondary market liquidity and channelled the investor base of EFN to the retail level. 
   此举提高外汇基金债券在第二市场的流通量，并将投资者基础扩阔至散户投资者。
3. To enhance secondary market liquidity, the HKMA has put in place an effective market-making system for Exchange Fund Bills and Notes. 
   为增加外汇基金票据及债券在第二市场的流动性，金管局已制定有效的市场庄家制。
4. The corporate bond market in Singapore is likely to develop in both the variety of stock available and the liquidity of the secondary market. 
   新加坡的公司债券市场预料会得到发展，以致证券种类更多，二手市场流通性更大。
5. The listing and trading of Exchange Fund Notes will enhance their liquidity in the secondary market and enlarge the investor base to include retail investors. 
   外汇基金债券上市买卖，不但会增加债券在第二市场的流动性，亦可将投资者基础扩大至散户投资者。

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