Retarding factors exist in finance industry, expert

时间：2007-04-06 01:47:30

（单词翻译:单击）

Chinanews, Beijing, Apr.4 – Compared with the fast growth of economy in China, there are four main retarding1 factors existing in the financial sector2, making its development lag behind the economic development. These four retarding factors are: development of direct financing lags behind that of indirect financing; development of bonds lags behind that of stock markets; development of small and medium banks lags behind that of big banks; and development of insurance industry lags behind that of the capital and money markets, said Zheng Xinli, deputy director of the Policy Research Office of the CPC Central Committee, as reported by the China Securities Journal.

 

Chinese stock markets made great progress last year, as the financing capital increased at a great speed to reach a large scale. Despite this, it should be noted3 that on the whole, stock markets raised only 560 billion yuan of capital last year and 101.5 billion yuan of capital was raised through corporate4 bonds. On the other hand, Chinese banks released 3.6 trillion yuan of new loans last year. The ratio of direct financing to indirect financing was 18:82. Such ratio was far below the related ratios in developed countries, which usually stood at 70%, and even lower than China’s own historically high point, when related ratio once reached 20% after the opening-up, Zheng said.

 

In regard to direct financing, the development of bonds has lagged behind that of the stock market. In indirect financing, the development of small and medium banks has lagged behind that of big banks. In addition, the development of insurance industry has lagged behind that of the capital and money markets. These are all disadvantageous to the overall development of the financial sector. In light of this, China should make related changes to promote the healthy development of the finance industry, the expert noted.

 
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1 retarding 1f9687f1b74d57e7279708aeba37f7f6     
使减速( retard的现在分词 )； 妨碍； 阻止； 推迟
参考例句：
  • There may be a need for retarding growth chemically to keep trees within bounds. 可能需要用化学剂抑制生长，使树冠保持在一定的范围内。
  • In some instances, an aversion to debt is retarding growth. 在某些情况下，对债务的反感正阻碍经济增长。
2 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
3 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。
4 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。

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