1. Short-sale constraint will cause the overvaluation of asset price, and the more intense of constraint will cause the more over-valuation of asset price.
卖空限制会引起资产价格的高估，而且卖空限制越强，资产价格的高估幅度越大。
2. The new measure came after the country's stock market has fallen nearly 50 percent from its peak since mid-October in the face of a mixture of factors, including the over-valuation of shares, tight monetary policies, and concerns over the economy and corporate earnings due to a global economic slowdown.
从去年十月中旬起，在一系列因素的影响下，国家的股票市场从最高点下跌了50%，这些影响因素包括对股票的过高估价、紧缩的货币政策、以及全球经济下滑引起的对经济和合作盈利的关注。
3. They never fell to the levels consistent with long-term price-to-rent and price-to-income ratios, which are reliable metrics of the property markets'relative under- or over-valuation.
它们从未跌到过与长期房价租金比和房价收入比相一致的水平，这两项是衡量房地产市场相对低估或高估的可靠指标。
4. They never fell to the levels consistent with long-term price-to-rent and price-to-income ratios, which are reliable metrics of the property markets'relative under - or over-valuation.
它们从未跌到过与长期房价租金比和房价收入比相一致的水平，这两项是衡量房地产市场相对低估或高估的可靠指标。