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(单词翻译:双击或拖选)
An investor1 walks past an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, July 2, 2015. [Photo: Asianewsphoto]
A string of supportive measures came out during the weekend, in response to the slumping2 stock market in China.
The country's securities regulator has announced that China Securities Finance Co., Ltd. will raise funds through multiple channels and expand its business scale to help keep the stock market "stable."
The CSF is a financial institution jointly4 founded by Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Ltd..
Experts say this can be seen as a Chinese version of a "stabilization5 fund".
中国股市或将触底反弹
At the meantime, Central Huijin Investment, an arm of the Chinese government, has announced plans to launch a new series of investments into the Chinese A-share market through Mutual6 Funds.
The ETF's, or Exchange Traded Funds, group bonds, commodities, and a basket of other assets together.
Central Huijin hasn't said how much it plans to spend.
China's largest securities firms also announced this weekend plans to spend no less than 120 billion yuan, or around 20 billion US dollars, on blue chip ETFs to help dampen the recent downturn in the Chinese A-share market.
Nearly 30 Chinese companies, which had been poised7 to issue IPOs, have also announced they're delaying their initial public offerings.
The Chinese A-share market has been hit hard over the past month, with the benchmark Shanghai Composite Index tumbling nearly 30-percent over the past 3-weeks.
And with more on this, we’re joined once again with Mike Bastin, director of China Business Center in London.
点击收听单词发音
1 investor | |
n.投资者,投资人 | |
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2 slumping | |
大幅度下降,暴跌( slump的现在分词 ); 沉重或突然地落下[倒下] | |
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3 liquidity | |
n.流动性,偿债能力,流动资产 | |
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4 jointly | |
ad.联合地,共同地 | |
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5 Stabilization | |
稳定化 | |
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6 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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7 poised | |
a.摆好姿势不动的 | |
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