金融专业英语考试相关阅读指导(十九)
文章来源: 文章作者: 发布时间:2007-11-26 06:36 字体: [ ]  进入论坛
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China announced a further move to reform its exchange rate forming mechanism1 yesterday, introducing an internationally prevalent price-finding mechanism in the interbank foreign exchange market.
  China announced a further move to reform its exchange rate forming mechanism yesterday, introducing an internationally prevalent price-finding mechanism in the interbank foreign exchange market.
  The introduction of OTC (over-the-counter) transactions will improve the exchange rate transmission mechanism and help meet businesses' risk-hedging needs.
  But it will not broaden fluctuations2 of the renminbi exchange rate, the central bank said.
  "With a view to improving the managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies, promoting development of the foreign exchange market, diversifying3 the mode of foreign exchange transactions, and strengthening the pricing capability4 of the financial institutions, OTC transactions will be introduced in the interbank spot forex market starting today," the People's Bank of China (PBOC) said in a statement.
  Participants in the interbank forex market now will be able to engage in forex transactions either based on centralized credit authorization5 and price bidding, or the new OTC market, which is based on bilateral6 credit authorization and settlement.
  The system of market makers7 that are obliged to quote both selling and buying prices are introduced at the same time to provide liquidity8.
  The new OTC market will deepen the forex market so as to lay a solid foundation for improving the formation mechanism of the renminbi exchange rate, and enhance the representativeness of the central parity9 of the Chinese currency in the new market structure.


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1 mechanism zCWxr     
n.机械装置;机构,结构
参考例句:
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
2 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动,涨落,起伏( fluctuation的名词复数 )
参考例句:
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
3 diversifying a1f291117de06530378940b8720bea5e     
v.使多样化,多样化( diversify的现在分词 );进入新的商业领域
参考例句:
  • Some publishers are now diversifying into software. 有些出版社目前正兼营软件。 来自辞典例句
  • Silverlit is diversifying into new markets, such as Russia and Eastern Europe. Silverlit正在使他们的市场变得多样化,开发新的市场如俄罗斯和东欧国家。 来自互联网
4 capability JsGzZ     
n.能力;才能;(pl)可发展的能力或特性等
参考例句:
  • She has the capability to become a very fine actress.她有潜力成为杰出演员。
  • Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。
5 authorization wOxyV     
n.授权,委任状
参考例句:
  • Anglers are required to obtain prior authorization from the park keeper.垂钓者必须事先得到公园管理者的许可。
  • You cannot take a day off without authorization.未经批准你不得休假。
6 bilateral dQGyW     
adj.双方的,两边的,两侧的
参考例句:
  • They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
  • There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题,两位政治家各自所持的看法差距甚大。
7 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者,制造商(maker的复数形式)
参考例句:
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
8 liquidity VRXzb     
n.流动性,偿债能力,流动资产
参考例句:
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
9 parity 34mzS     
n.平价,等价,比价,对等
参考例句:
  • The two currencies have now reached parity.这两种货币现已达到同等价值。
  • Women have yet to achieve wage or occupational parity in many fields.女性在很多领域还没能争取到薪金、职位方面的平等。
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