China to loosen restrictions on foreign investors participation in securities co

时间：2007-12-13 08:14:20

（单词翻译:单击）

Chinanews, Beijing, Dec. 12 – The China Securities Regulatory Commission will make unremitting efforts to improve related regulations and polices. On the premise1 of safeguarding national financial security, China will encourage more securities companies to open up and make sure that Chinese capital market can develop soundly and rapidly, said a spokesperson at CSRC.

 

CSRC is improving related regulations and policies in securities industry. The new regulations will loosen restrictions2 on foreign investors3 taking shares in domestic securities companies. Based on the new regulations, domestic companies will not only be encouraged to set up joint4 venture companies with their foreign counterparts, China will also allow current joint venture securities companies to expand their business scopes. The new regulations will be published soon.

 

The opening-up of securities industry is in line with China’s reform in the capital market. Everybody knows that Chinese securities industry has a rather short history in development. Relatively5 speaking, Chinese securities industry has reached a relatively high level in terms of its opening degree, the spokesperson said.

 

Currently, China has fulfilled the commitment it has made to WTO with regard to opening its securities market and the present opening degree is in line with the current development of Chinese securities market, the spokesperson said.

 

In future, China will further open its securities market by sticking to the principle that the process will be gradual, controllable, competitive, cooperative, and mutually beneficial. In future, China will steadily6 push forward the opening of its securities market in a pragmatic manner, the spokesperson noted7.

 
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1 premise JtYyy     
n.前提；v.提论，预述
参考例句：
  • Let me premise my argument with a bit of history.让我引述一些史实作为我立论的前提。
  • We can deduce a conclusion from the premise.我们可以从这个前提推出结论。
2 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）
参考例句：
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制
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 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
5 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
6 steadily Qukw6     
adv.稳定地；不变地；持续地
参考例句：
  • The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
  • Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。
7 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。

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