Chinese shares rise as investor confidence returns

时间：2007-12-11 07:46:44

（单词翻译:单击）

BEIJING, Dec. 11 - Chinese stock markets rose Monday as investors2 displayed increasing confidence despite an announcement the reserve-requirement ratio for commercial banks will rise again.

 

The benchmark Shanghai Composite Index rose 70.16 points, or 1.38 percent, to close at 5,161.92 points.

 

The Shenzhen Component3 Index on the smaller Shenzhen Stock Exchange ended at 17,096.51 points, up 346.09 points, or 2.07 percent.

 

Gains outnumbered losses by 774 to 46 in Shanghai, and by 597 to 41 in Shenzhen.

 

The combined turnover4 of the bourses increased to 163.80 billion yuan (22.1 billion U.S. dollars) from 107.98 billion yuan the previous trading day.

 

The enlarged trading volume indicated investor1 confidence had returned and now was an ideal opportunity to enter the market.

 

The People's Bank of China, the central bank, announced Saturday that it would raise the reserve-requirement ratio by 1 percentage point for commercial banks in effort to cool the overheating economy.

 

The rise, the 10th this year, would take effect on Dec. 25. It would push the ratio to 14.5 percent, a new high.

 

"It helps settle down investors who have been worried about possible government policies to rein5 in liquidity," said an analyst6 with the Shanghai-based Tebon Securities. "The one percentage point rise, much higher than the previous ones, means there will be no other tight monetary7 policies to come out in a short period."

 

China was also expected to expand the investment quota8 of Qualified9 Foreign Institutional Investors (QFII) from 10 billion U.S. dollars to 30 billion U.S. dollars by year end. Analysts10 believed it would help boost domestic shares.

 

The steel sector11 continued its rise of late on Monday with Baoshan Steel up 0.96 percent to 16.88 yuan and Baotou Steel increasing 3.64 percent to 7.69 yuan.

 

China Railway Group, which made a strong debut12 on the Shanghai bourse last Monday, rose 2.49 percent to 8.65 yuan.

 

The banking13 sector was slightly influenced by the increased reserve requirement ratio with the Industrial and Commercial Bank of China falling 0.48 percent to 8.32 yuan and China Construction Bank down by 0.38 percent to 10.38 yuan.

 
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点击收听单词发音收听单词发音  

1 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。
2 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
3 component epSzv     
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。
4 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。
5 rein xVsxs     
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
  • The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
  • He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。
6 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。
7 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
8 quota vSKxV     
n.（生产、进出口等的）配额，（移民的）限额
参考例句：
  • A restricted import quota was set for meat products.肉类产品设定了进口配额。
  • He overfulfilled his production quota for two months running.他一连两个月超额完成生产指标。
9 qualified DCPyj     
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。
10 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。
11 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。
12 debut IxGxy     
n.首次演出，初次露面
参考例句：
  • That same year he made his Broadway debut, playing a suave radio journalist.在那同一年里，他初次在百老汇登台，扮演一个温文而雅的电台记者。
  • The actress made her debut in the new comedy.这位演员在那出新喜剧中首次登台演出。
13 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

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