Chinese stocks remain strong in near future_财经新闻

Chinese stocks remain strong in near future

文章来源：文章作者：发布时间：2007-12-26 08:14 字体： [大中小]　进入论坛

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Dec.25 - After rising for three straight days last week, Chinese share prices maintained strong momentum¹ Monday with the benchmark Shanghai Composite Index up 132.48 points, or 2.6 percent, to close at 5234.26.

Investors² believed the People's Bank of China would not come up with further tightening³ measures in the near future after the latest rate rise, said analysts⁴ with Guoyuan Securities.

The central bank raised the benchmark one-year deposit rate by 0.27 percentage points and the lending rate by 0.18 percentage points late last Thursday in a fresh move to curb⁵ inflation and cool the sizzling economy.

Securities firms, breweries⁶ and oil companies led Monday's rise.

Anxin Trust & Investment Co. Ltd. rose by the daily limit of 10 percent. Haitong Securities and Citic Securities both surged by more than five percent.

Laobaigan Liquor Co. rose by the daily limit. China National Petroleum⁷ Co. and Sinopec were up 4.65 percent and 2.94 percent respectively.

China Securities Journal reported on Monday that the nation would gradually expand the investment scale of qualified⁸ domestic institutional investors (QDII) in 2008, quoting Wei Benhua, deputy director of the State Administration of Foreign Exchange.

In fact, institutional investors are now holding shares worth up to some 46 percent of the total market value. They have become a major power in maintaining the stability of the domestic market, said Monday's Securities Daily.

Investors are looking to better returns from institutional investors such as fund companies, the newspaper said.

The Shenzhen Component⁹ Index on the smaller Shenzhen Stock Exchange climbed 345.25 points, or 2.05 percent, to 17,153.93.

The Hushen 300 Index, which accounts for 60 percent of the nation's stock market value, rose 105.28 points, or 2.06 percent, to 5,207.13.

Winners led losers by 638 to 116 in Shanghai and 473 to 92 in Shenzhen. The combined turnover¹⁰ of the two bourses rose to 2,062.48 billion yuan (28.1 billion U.S. dollars) from 153.15 billion yuan in the previous session.

Following Wall Street's advance on Friday, other Asian markets also saw strong performances on Monday. Indian share prices surged 2.77 percent. Hong Kong stocks rose 1.82 percent.

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收听单词发音

1 momentum
n.动力，冲力，势头；动量
参考例句：
We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。 The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

2 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

3 tightening
上紧，固定，紧密
参考例句：
Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。 It needs tightening up a little. 它还需要再收紧些。

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 curb
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
I could not curb my anger.我按捺不住我的愤怒。 You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

6 breweries
酿造厂，啤酒厂( brewery的名词复数 )
参考例句：
In some cases, this is desirable, but most breweries prefer lighter-type beers. 在一些情况下，这是很理想的，但是大多数啤酒厂更倾向于生产酒度较低的啤酒。 Currently, there are 58 breweries producing Snow Beeracross the country. 目前，全国共有58个雪花啤酒厂。

7 petroleum
n.原油，石油
参考例句：
The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。 The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。

8 qualified
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。

9 component
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。 Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。

10 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。

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