Not all Chinese plunge in stock market, official
文章来源: 文章作者: 发布时间:2007-05-23 07:15 字体: [ ]  进入论坛
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Chinanews, Beijing, May 22 – Over the past few months, the number of new stockholders that opened an account in the stock market kept soaring. Seeing this, some people claim that China has entered into a new stage when nearly every Chinese seems to have plunged1 into the stock market. However, an official from the State-owned Assets Supervision2 and Administration Research Center (SASACRC) recently said such claim did not reflect the real situation.

 

The statement was made by Wang Zhongming, head of SASACRC, when he attended the 2007 Securities China Investment Forum3 held in Beijing last Saturday. At the forum, Wang voiced his strong support for Chinese stock market.

 

When talking about the widely concerned claim that almost everybody in China is trading in the stock market now, Wang said people's enthusiasm in the stock market was “actually a very good thing.”

 

To Wang, Chinese people's enthusiasm in the stock market was not as high as some people thought. Although information from the China Securities Depository and Clearing Corporation shows that the number of people that have opened an account in the Chinese A-share market have now reached 95 million, which is arrived at by adding the number of stockholders in both Shanghai and Shenzhen stock markets. If the number is divided by two, we can see that there may be only 40 million stockholders in China. Among these 40 million stockholders, at least half of them (20 million) have dormant4 accounts: these people are either migrant workers or those stockholders who only speculate in new stocks. So, in fact, there may be only 20 million stockholders who really have active transactions in stock trading and this number is very small in the total Chinese population.

 

“At present, we shouldn’t presume that the market is ‘overheated.’ If anyone holds this view, he should verify his point with good evidence,” Wang said.

 

On the other hand, Wang said it might be a bad thing for every Chinese to speculate in stocks. As long as we supervise the market with effective measures, it may not bring any negative impacts, he said.

 

“Generally speaking, the current bullish stock market is good, for it not only shows that the stock market is bullish, in essence it reflects that Chinese market economy is really ‘bullish.’ Chinese people have worked hard and paid a lot to expect the day to come. So we should not regard the current stock market as something horrible. Instead, we should cherish the present situation, since it indicates that Chinese people have entered into a new era when they can create their fortune,” Wang noted5.

 



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1 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 );暴跌;骤降;突降
参考例句:
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳,从100英尺的高处跌下摔死了。
2 supervision hr6wv     
n.监督,管理
参考例句:
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。
3 forum cilx0     
n.论坛,讨论会
参考例句:
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
4 dormant d8uyk     
adj.暂停活动的;休眠的;潜伏的
参考例句:
  • Many animals are in a dormant state during winter.在冬天许多动物都处于睡眠状态。
  • This dormant volcano suddenly fired up.这座休眠火山突然爆发了。
5 noted 5n4zXc     
adj.著名的,知名的
参考例句:
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
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