World stock exchanges go hunting in China
文章来源: 文章作者: 发布时间:2007-04-11 00:26 字体: [ ]  进入论坛
(单词翻译:双击或拖选)
Apr.9 - Only two days after Robert Greifeld, CEO of Nasdaq, announced in Beijing the introduction of a China equities1 index, Noreen Culhane, executive vice2 president of the NYSE, also arrived in the Chinese capital hunting for potential listings.

 

"Global stock exchanges are stepping up efforts to recruit Chinese companies," said Zuo Xiaolei, chief economist3 with Galaxy4 Securities.

 

"To survive and make profits," Zuo said, "stock exchanges have to list more companies."

 

Greifeld visited China late in 2005 soon after becoming Nasdaq president. Nine Chinese companies listed on Nasdaq in 2006 and six more have listed in the past three months.

 

"China is our fastest-growing market outside the United States. We are optimistic about the number of Chinese companies that can list on Nasdaq," said Xu Guangxun, Nasdaq's chief representative in China.

 

Eighty-one Chinese firms raised 20.5 billion U.S. dollars from overseas initial public offerings (IPO) in 2005.

 

In 2006, 86 Chinese firms raised 44 billion dollars from overseas IPOs and accounted for 19 percent of the 2006 world total.

 

These statistics explain why New York, Nasdaq, Toronto, London, Singapore, Tokyo and other giant stock exchanges are flocking into China.

 

"Chinese firms have become a new power in the world capital markets," said Yuan Gangming, a well-known economist with the Chinese Academy of Social Sciences.

 

"China must speed up the development of its domestic capital markets," he said.

 

Yuan's warning echoed a report released by the Research Center for China Securities Regulatory Commission (CSRC).

 

Too many high-grade Chinese enterprises listing overseas will slow the development of the domestic capital market and prevent Chinese people from benefiting from the companies' growth.

 

Meanwhile, listing overseas could be risky5 because it will expose companies to the risk of a takeover, the report said.

 

The CSRC is encouraging big state-owned enterprises to list domestically or in both overseas and domestic markets. It has called on Chinese companies that have listed overseas to come back and issue shares on the mainland.

 

China Mobile and Bank of Communication have filed "return" applications and PetroChina is also making preparations.

 

In 2006, as the Chinese stock market swung out of a four-year bearish6 ordeal7, 65 companies listed, raising some 17.1 billion dollars.

 

"China's stock markets have done well recently," said a senior official with the Shanghai Stock Exchange, "although there are certain problems."

 

For instance, China has almost 20 million enterprises and about 10,000 of them qualify for listing. However, complicated and time-consuming red tape have kept most of them outside the stock market


点击收听单词发音收听单词发音  

1 equities 501c457a1f918a4b41824052f5a3f5eb     
普通股,股票
参考例句:
  • These are invested mainly in the OECD bonds and equities. 这些资产主要投资于经济合作及发展组织的债券与股票市场。
  • They are also advantage of the global rebound in equities. 它们还在利用全球股市反弹的机会。
2 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。
3 economist AuhzVs     
n.经济学家,经济专家,节俭的人
参考例句:
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
4 galaxy OhoxB     
n.星系;银河系;一群(杰出或著名的人物)
参考例句:
  • The earth is one of the planets in the Galaxy.地球是银河系中的星球之一。
  • The company has a galaxy of talent.该公司拥有一批优秀的人才。
5 risky IXVxe     
adj.有风险的,冒险的
参考例句:
  • It may be risky but we will chance it anyhow.这可能有危险,但我们无论如何要冒一冒险。
  • He is well aware how risky this investment is.他心里对这项投资的风险十分清楚。
6 bearish xyYzHZ     
adj.(行情)看跌的,卖空的
参考例句:
  • It is foolish not to invest in stocks,so I will show her how to be bearish without them too,if she chooses.不投资股票是愚蠢的,因此如果她选择股票,我会向她展示怎样在没有长期潜力的情况下进行卖空。
  • I think a bearish market must be a good time for bargain-hunters to invest.我觉得熊市对于想买低的人可是个投资的大好机会。
7 ordeal B4Pzs     
n.苦难经历,(尤指对品格、耐力的)严峻考验
参考例句:
  • She managed to keep her sanity throughout the ordeal.在那场磨难中她始终保持神志正常。
  • Being lost in the wilderness for a week was an ordeal for me.在荒野里迷路一星期对我来说真是一场磨难。
TAG标签:
发表评论
请自觉遵守互联网相关的政策法规,严禁发布色情、暴力、反动的言论。
评价:
表情:
验证码:点击我更换图片