Most stocks will be traded normally_财经新闻

Most stocks will be traded normally

文章来源：文章作者：发布时间：2007-06-05 00:51 字体： [大中小]　进入论坛

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June 4 - Almost all the stocks listed on the Shanghai and Shenzhen exchanges will be traded normally today despite rules on suspension of shares which witness wild fluctuations² - a move analysts⁴ say could prevent panic selling.

Only a few shares in Shanghai and two in Shenzhen will be suspended for an hour at the beginning of trading, the two bourses announced yesterday.

According to current rules, trading in a stock that has fluctuated by more than a cumulative⁵ 20 percent on three successive days has to be suspended for one hour and the company needs to issue a statement to clarify the "abnormal price fluctuation¹".

If the rule were enforced, trading in hundreds of stocks on the Shanghai and Shenzhen exchanges would have been suspended.

But bourses have the right to waive⁶ the rules in exceptional situations.

The Shanghai Stock Exchange said yesterday that trading will be allowed in 264 stocks whose companies had made a statement by Saturday explaining the fluctuations.

This means that trading will be suspended in only a handful of companies which had not made the statement.

The Shenzhen bourse said 46 shares which met the original suspension criteria⁷ would be traded and only two would be suspended for an hour.

The stock market saw a big correction since last Wednesday after the government raised stamp tax from 0.1 percent to 0.3 percent. The Shanghai Composite Index dropped 7.7 percent by Friday, while the Shenzhen Composite Index fell 12.7 percent.

"The Shanghai Stock Exchange adjusted the rule to ensure normal trading, and offset⁸ some of the negative impact triggered by panic selling," said Chen Weiran, an analyst³ at Guotai Junan Securities.

Many investors⁹ attribute their losses to the raised stamp tax but the move is actually conducive¹⁰ to a healthy market, said Li Yining, a senior economist¹¹ with Peking University.

"Excessively high turnover¹² (in the domestic market) is detrimental¹³ to a healthy market," he said over the weekend.

"Regulators have a lot of cards to play," Yin Zhongli, an economist with the Chinese Academy of Social Sciences, told China Daily.

Besides raising the interest rate and banks' required reserve ratio, regulators can strengthen investigation¹⁴ into insider trading and price rigging to cool speculation¹⁵, said Yin.

"The government has the responsibility to clean up the market to ensure healthy development."

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收听单词发音

1 fluctuation
n.(物价的)波动，涨落；周期性变动；脉动
参考例句：
The erratic fluctuation of market prices are in consequence of unstable economy.经济波动致使市场物价忽起忽落。 Early and adequate drainage is essential if fluctuation occurs.有波动感时，应及早地充分引流。

2 fluctuations
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 analyst
n.分析家，化验员；心理分析学家
参考例句：
What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？ The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

4 analysts
分析家，化验员( analyst的名词复数 )
参考例句：
City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。 I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

5 cumulative
adj.累积的，渐增的
参考例句：
This drug has a cumulative effect.这种药有渐增的效力。 The benefits from eating fish are cumulative.吃鱼的好处要长期才能显现。

6 waive
vt.放弃，不坚持(规定、要求、权力等)
参考例句：
I'll record to our habitat office waive our claim immediately.我立即写信给咱们的总公司提出放弃索赔。 In view of the unusual circumstances,they agree to waive their requirement.鉴于特殊情况，他们同意放弃他们的要求。

7 criteria
n.标准
参考例句：
The main criterion is value for money.主要的标准是钱要用得划算。 There are strict criteria for inclusion in the competition.参赛的标准很严格。

8 offset
n.分支，补偿；v.抵消，补偿
参考例句：
Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。 He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。

9 investors
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

10 conducive
adj.有益的，有助的
参考例句：
This is a more conducive atmosphere for studying.这样的氛围更有利于学习。 Exercise is conducive to good health.体育锻炼有助于增强体质。

11 economist
n.经济学家，经济专家，节俭的人
参考例句：
He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。 He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

12 turnover
n.人员流动率，人事变动率；营业额，成交量
参考例句：
The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。 Our turnover actually increased last year.去年我们的营业额竟然增加了。

13 detrimental
adj.损害的，造成伤害的
参考例句：
We know that heat treatment is detrimental to milk.我们知道加热对牛奶是不利的。 He wouldn't accept that smoking was detrimental to health.他不相信吸烟有害健康。

14 investigation
n.调查，调查研究
参考例句：
In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。 He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

15 speculation
n.思索，沉思；猜测；投机
参考例句：
Her mind is occupied with speculation.她的头脑忙于思考。 There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

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