英语翻译我国证券发行最早可追溯到春秋战国时期,我国证券和证券市场自19世纪40年代产生后,经历了40多年的萌芽阶段,于19世纪末20世纪初初步形成.发展至今,有专家指出未来五年是资本市场

Question

英语翻译
我国证券发行最早可追溯到春秋战国时期,我国证券和证券市场自19世纪40年代产生后,经历了40多年的萌芽阶段,于19世纪末20世纪初初步形成.发展至今,有专家指出未来五年是资本市场发展的重要机遇期,我国资本市场还存在着基础制度和市场要素的缺失,处于务实发展基础阶段,需要逐步培育与完善.我国证券市场属于新兴加转型市场,证券发行制度一直处于变迁之中.其中《公司法》、《证券法》与《证券发行上市保荐制度暂行办法》是可以称之为我国证券发行审核制度上的里程碑.从2000年3月股票发行开始实行从审批制向核准制过渡以来,中国证券市场获得了长足的发展,发行市场的管理体制和运行机制都发生了深刻变化.2005年,国内证券市场的发行制度,在历经数度演变之后,又再次面临改革大关.随着证券市场越来越市场化,发行制度也在不断地改革,向更加市场化更加国家化的方向发展.
（请高手帮我把上面这段话拿英语翻译一下.今天之内翻的我给加分谢谢）

Answer 1

China's first securities issue can be traced back to Spring and Autumn period,China's securities and securities markets since the 1840s produced,has experienced more than 40 years of infancy,in the 19th century and early 20th century,begun to take shape.Today,some experts have pointed out that the next five years is an important capital market development opportunities,China's capital market there is still a market based system and elements of the missing,a pragmatic basis for the development stage,the need to nurture and improve gradually.China's securities market is emerging and transition markets,the issuer has been in a change of the system.The "Company Law","Securities Law" and "sponsor system for listed securities issued interim procedures" can be referred to as China's securities issued audit system milestone.From March 2000 stock issuance examination and approval system introduced from the transition to Hezhun Zhi,China's securities market was developed by leaps and bounds,the issue of market management system and operational mechanism have undergone profound changes.2005,the issuance of the domestic securities market system,after several changes,is again facing reform mark.With the growing market of the securities market,issuing system also continue to reform,to a more market-oriented in the direction of greater national development.