China Investment denies Rio Tinto bid

时间：2007-11-27 07:38:53

（单词翻译:单击）

BEIJING, Nov. 27 - China Investment Corporate1 Ltd (CIC), the country's newly launched state foreign exchange investment company, said in a statement Monday that it had never been involved in a bid for Rio Tinto.

 

The statement was intended to dispel2 market rumors3 started by a report in Chinese weekly newspaper China Business saying the CIC was leading a group of Chinese steel makers4 in a bid for Rio Tinto.

 

On Monday, Rio Tinto also denied reports of a bid from China Investment.

 

Australia's BHP Billiton, the world's largest mining company, is proposing to buy its rival Rio Tinto, the world's number three miner, for more than $120 billion.

 

BHP Billiton's share price surged 1.84 dollars to 42.11 dollars, while its takeover target Rio Tinto skyrocketed 9.6 dollars to 138 dollars on the Australian stock market on Monday, amid speculation5 of a rival bid from China.

 

The proposed merger6 between the world's two leading mining groups has aroused concerns over their combined market power over iron ore.

 

The CIC was launched in September to mitigate7 the risks in China's huge foreign exchange reserve.

 

It has $200 billion in registered capital allocated8 from the reserve.

 

China's Vice9 Minister of Finance Li Yong disclosed investment plans for the CIC in early November at a forum10, dispelling11 rumors that China would try to buy out European and American companies in large numbers.

 

Li said one third of CIC's capital would be used to purchase Central Huijin, which now controls China's major state-owned commercial banks; another third to replenish12 the capital of the Agricultural Bank of China and China Development Bank; and the remaining third to invest in global financial markets.

 

In May, the new company, still in preparation, made its first investment in non-voting shares, valued at 3 billion US dollars, in the US private equity13 firm, the Blackstone Group.

 

The company is expected to make its second investment of about $100 million in the initial public offering of the China Railway Group in Hong Kong.

 
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点击收听单词发音收听单词发音  

1 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。
2 dispel XtQx0     
vt.驱走，驱散，消除
参考例句：
  • I tried in vain to dispel her misgivings.我试图消除她的疑虑，但没有成功。
  • We hope the programme will dispel certain misconceptions about the disease.我们希望这个节目能消除对这种疾病的一些误解。
3 rumors 2170bcd55c0e3844ecb4ef13fef29b01     
n.传闻( rumor的名词复数 )；[古]名誉；咕哝；[古]喧嚷v.传闻( rumor的第三人称单数 )；[古]名誉；咕哝；[古]喧嚷
参考例句：
  • Rumors have it that the school was burned down. 有谣言说学校给烧掉了。 来自《简明英汉词典》
  • Rumors of a revolt were afloat. 叛变的谣言四起。 来自《简明英汉词典》
4 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者，制造商（maker的复数形式）
参考例句：
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
5 speculation 9vGwe     
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。
6 merger vCJxG     
n.企业合并，并吞
参考例句：
  • Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
  • Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。
7 mitigate EjRyf     
vt.（使）减轻，（使）缓和
参考例句：
  • The government is trying to mitigate the effects of inflation.政府正试图缓和通货膨胀的影响。
  • Governments should endeavour to mitigate distress.政府应努力缓解贫困问题。
8 allocated 01868918c8cec5bc8773e98ae11a0f54     
adj. 分配的 动词allocate的过去式和过去分词
参考例句：
  • The Ford Foundation allocated millions of dollars for cancer research. 福特基金会拨款数百万美元用于癌症研究。
  • More funds will now be allocated to charitable organizations. 现在会拨更多的资金给慈善组织。
9 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
10 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。
11 dispelling a117eb70862584fc23e0c906cb25e1a6     
v.驱散，赶跑( dispel的现在分词 )
参考例句：
  • He succeeded in dispelling our suspicious and won our confidence. 他终于消除了我们的怀疑，得到了我们的信任。 来自辞典例句
  • Truth is a torch, which can pierce the mist without dispelling it. 真理是一个火炬，不用驱散大雾，其火炬即能透过。 来自互联网
12 replenish kCAyV     
vt.补充；(把…)装满；(再)填满
参考例句：
  • I always replenish my food supply before it is depleted.我总是在我的食物吃完之前加以补充。
  • We have to import an extra 4 million tons of wheat to replenish our reserves.我们不得不额外进口四百万吨小麦以补充我们的储备。
13 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。

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