Stocks rise as premier inspires investor confidence

时间：2009-06-26 06:12:19

（单词翻译:单击）

University teacher Li Ping yesterday decided1 to invest 30,000 yuan in leading banks - his first foray into stocks since pulling out of the market last July.

Like millions of individual investors3, the 30-year-old was inspired by Premier4 Wen Jiabao's annual address to the top legislature, in which he pledged to propel capital market reform and maintain stability in the equity5 market.

"We can see the central government's determination to spur economic growth and maintain market stability. It largely eased our concerns about the riffles caused by Wall Street's sharp falls recently," Li said.

The premier's positive thrust fired investor2 hopes for an early economic recovery and triggered heavy trading in the mainland stock market, pushing the key indicator6 up 1.04 percent yesterday. On Wednesday, stocks surged 6.12 percent in anticipation7 of further stimulus8 measures.

The Shanghai Composite Index closed at 2221.08 points, with turnover9 ballooning to 154.1 billion yuan from Wednesday's 127.5 billion yuan.

"We, as individual investors, are very sensitive to politics, and more government spending will undoubtedly10 generate more momentum11 in the market," said Zhang Tao, a 28-year-old salesman in Shanghai.

"We do believe the annual meetings (of the NPC and the CPPCC) will deliver more good news," Zhang said.

But not all investors felt as assured, and some economists13 and stock analysts15 expressed disappointment that no new stimulus measures were announced.

"While financial markets had anticipated additional fiscal16 stimulus measures, in one form or another, the premier's report today did not deliver, except for reiterating17 the supportive macro/industry-specific measures that have already been announced," said Frank Gong, chief economist12 at JP Morgan Securities (Asia Pacific) Limited.

"The market was disappointed with the absence of new fiscal measures, and that's why we saw the key index fall into negative territory several times (before ending on a positive note)," said Wu Feng, an analyst14 with TX Investment Consulting.

The likely further cut in stamp duty will largely boost investor sentiment, he said.

Shang Fulin, head of the China Securities Regulatory Commission, told reporters on the sidelines of the NPC that "there is room for a further stamp duty cut" this year.


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点击收听单词发音收听单词发音  

1 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
2 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。
3 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
4 premier R19z3     
adj.首要的；n.总理，首相
参考例句：
  • The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
  • He requested that the premier grant him an internview.他要求那位总理接见他一次。
5 equity ji8zp     
n.公正，公平，（无固定利息的）股票
参考例句：
  • They shared the work of the house with equity.他们公平地分担家务。
  • To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
6 indicator i8NxM     
n.指标；指示物，指示者；指示器
参考例句：
  • Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
  • His left-hand indicator is flashing.他左手边的转向灯正在闪亮。
7 anticipation iMTyh     
n.预期，预料，期望
参考例句：
  • We waited at the station in anticipation of her arrival.我们在车站等着，期待她的到来。
  • The animals grew restless as if in anticipation of an earthquake.各种动物都变得焦躁不安，像是感到了地震即将发生。
8 stimulus 3huyO     
n.刺激，刺激物，促进因素，引起兴奋的事物
参考例句：
  • Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
  • Light is a stimulus to growth in plants.光是促进植物生长的一个因素。
9 turnover nfkzmg     
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。
10 undoubtedly Mfjz6l     
adv.确实地，无疑地
参考例句：
  • It is undoubtedly she who has said that.这话明明是她说的。
  • He is undoubtedly the pride of China.毫无疑问他是中国的骄傲。
11 momentum DjZy8     
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。
12 economist AuhzVs     
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。
13 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
14 analyst gw7zn     
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。
15 analysts 167ff30c5034ca70abe2d60a6e760448     
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。
16 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
17 reiterating d2c3dca8267f52f2f1d18c6bc45ddc7b     
反复地说，重申( reiterate的现在分词 )
参考例句：
  • He keeps reiterating his innocence. 他一再申明他无罪。
  • The Chinese government also sent a note to the British government, reiterating its position. 中国政府同时将此立场照会英国政府。

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