Shareholders accounts in China reach 120 mln

时间：2007-12-04 07:41:15

（单词翻译:单击）

Chinanews, Shanghai, Dec.4 – At present, the number of shareholders1 accounts in China has reached 120 million, said Wang Ou, deputy director of the Research Department under the China Securities Regulatory Commission.

 

He disclosed the information when attending the China Top 100 Listed Companies Forum2 held in Shanghai last Sunday.

 

Last year, Chinese A-share market rose by 140%. The rising range ranked second in the world, only next to Vietnam. At present, the total capitalization of A-share market has reached 30 trillion yuan and its daily transaction volume has reached 200 billion yuan. China's A-share market has become one that includes the most diversified3 industrial sectors4 in the world, Wang said.

 

He pointed5 out that the rapid development of stock market had greatly changed Chinese people's concepts in their assets management. In 2005, cash and deposits accounted for 86% of Chinese people's financial assets and stocks only accounted for 6% of their financial assets. By the middle of this year, however, stocks already accounted for 15% of Chinese people's financial assets and the proportion of cash and deposits in people's total financial assets had dropped to 71%.

 

By November 23, this year, there had been 1,509 A-share listed companies in the Shanghai and Shenzhen stock markets—the number had increased by 13.9% from last year. The ratio of stock market capitalization to GDP figure had risen from 17.7% before China launched the share reform to 44% in 2006. At present, China's stock market capitalization has already exceeded the GDP figure.

 

In light of this, Wang said Chinese stock market could now well reflect the national economic conditions.

 
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1 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
2 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。
3 diversified eumz2W     
adj.多样化的，多种经营的v.使多样化，多样化( diversify的过去式和过去分词 )；进入新的商业领域
参考例句：
  • The college biology department has diversified by adding new courses in biotechnology. 该学院生物系通过增加生物技术方面的新课程而变得多样化。 来自《简明英汉词典》
  • Take grain as the key link, develop a diversified economy and ensure an all-round development. 以粮为纲，多种经营，全面发展。 来自《现代汉英综合大词典》
4 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
5 pointed Il8zB4     
adj.尖的，直截了当的
参考例句：
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

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