金融英语相关阅读指导(十七)
文章来源: 文章作者: 发布时间:2007-12-30 08:38 字体: [ ]  进入论坛
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Listed firms may be allowed to sell shares

The country's regulators will consider allowing listed firms to sell shares as a first step toward lifting its suspension on new IPOs in domestic markets, but no timetable has been set, domestic media reported Monday.

China is proceeding1 with a series of market reforms aimed at reviving its shares markets, which remain mired2 in a four-year slump3.

In mid-2005, China suspended new IPOs in domestic markets in an effort to prop4 up sagging5 stock prices, weighed down by investor6 concerns over the share-reform plan to sell more than US$250 billion in State-held shares.

"We will look at allowing listed companies to sell shares before approving any new IPOs," the Financial News quoted Shang Fulin, the top securities regulator, as saying at a conference.

Reforms in state-held shares need to be built upon solid capital markets, said Shang, adding that the last mile of reforms would be the most difficult.

Last month, China scrapped7 capital gains taxes for foreign stock investors8.

The government is intensifying9 efforts to lure10 foreign cash into its main stock market, via a Qualified11 Foreign Institutional Investor (QFII) scheme that lets overseas firms invest in primary stock and debt markets.

The index was Asia's worst performing major market benchmark stock index in both 2005 and 2004.

While trying to reform inefficient12 capital markets to give domestic firms another fund-raising option besides banks, China is also trying to enhance corporate13 transparency and boost profitability.

Shang's comments come after a leading economic official said Saturday that efforts to revive its sickly stock markets are likely to work only if "poor quality" listed companies are eliminated from trading.

"Raising the quality of China's listed companies is the only permanent cure that can ensure public investors' fundamental interests," said Cheng Siwei, a vice14 chairman of the Standing15 Committee of the National People's Congress.

 



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1 proceeding Vktzvu     
n.行动,进行,(pl.)会议录,学报
参考例句:
  • This train is now proceeding from Paris to London.这次列车从巴黎开往伦敦。
  • The work is proceeding briskly.工作很有生气地进展着。
2 mired 935ae3511489bb54f133ac0b7f3ff484     
abbr.microreciprocal degree 迈尔德(色温单位)v.深陷( mire的过去式和过去分词 )
参考例句:
  • The country was mired in recession. 这个国家陷入了经济衰退的困境。
  • The most brilliant leadership can be mired in detail. 最有才干的领导也会陷于拘泥琐事的困境中。 来自《现代汉英综合大词典》
3 slump 4E8zU     
n.暴跌,意气消沉,(土地)下沉;vi.猛然掉落,坍塌,大幅度下跌
参考例句:
  • She is in a slump in her career.她处在事业的低谷。
  • Economists are forecasting a slump.经济学家们预言将发生经济衰退。
4 prop qR2xi     
vt.支撑;n.支柱,支撑物;支持者,靠山
参考例句:
  • A worker put a prop against the wall of the tunnel to keep it from falling.一名工人用东西支撑住隧道壁好使它不会倒塌。
  • The government does not intend to prop up declining industries.政府无意扶持不景气的企业。
5 sagging 2cd7acc35feffadbb3241d569f4364b2     
下垂[沉,陷],松垂,垂度
参考例句:
  • The morale of the enemy troops is continuously sagging. 敌军的士气不断低落。
  • We are sagging south. 我们的船正离开航线向南漂流。
6 investor aq4zNm     
n.投资者,投资人
参考例句:
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
7 scrapped c056f581043fe275b02d9e1269f11d62     
废弃(scrap的过去式与过去分词); 打架
参考例句:
  • This machine is so old that it will soon have to be scrapped. 这架机器太旧,快报废了。
  • It had been thought that passport controls would be scrapped. 人们曾认为会放开护照管制。
8 investors dffc64354445b947454450e472276b99     
n.投资者,出资者( investor的名词复数 )
参考例句:
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
9 intensifying 6af105724a108def30288b810d78b276     
v.(使)增强, (使)加剧( intensify的现在分词 );增辉
参考例句:
  • The allies are intensifying their air campaign. 联军部队正加大他们的空战强度。 来自辞典例句
  • The rest of the European powers were in a state of intensifying congestion. 其余的欧洲强国则处于越来越拥挤的状态。 来自英汉非文学 - 历史
10 lure l8Gz2     
n.吸引人的东西,诱惑物;vt.引诱,吸引
参考例句:
  • Life in big cities is a lure for many country boys.大城市的生活吸引着许多乡下小伙子。
  • He couldn't resist the lure of money.他不能抵制金钱的诱惑。
11 qualified DCPyj     
adj.合格的,有资格的,胜任的,有限制的
参考例句:
  • He is qualified as a complete man of letters.他有资格当真正的文学家。
  • We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。
12 inefficient c76xm     
adj.效率低的,无效的
参考例句:
  • The inefficient operation cost the firm a lot of money.低效率的运作使该公司损失了许多钱。
  • Their communication systems are inefficient in the extreme.他们的通讯系统效率非常差。
13 corporate 7olzl     
adj.共同的,全体的;公司的,企业的
参考例句:
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
14 vice NU0zQ     
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的
参考例句:
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
15 standing 2hCzgo     
n.持续,地位;adj.永久的,不动的,直立的,不流动的
参考例句:
  • After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
  • They're standing out against any change in the law.他们坚决反对对法律做任何修改。
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