股市反弹 IPO再度重启

 　　China's securities regulator has announced that it will resume initial public offerings by companies after halting the fundraising mechanism¹ since July.

　　The suspension was part of emergency measures to contain a massive meltdown that sent the stock market plunging² over 40 percent in just a few weeks.

　　The regulator says ten of the 28 companies that had already gained regulatory approval for new share sales before the market rout³ will be among the first to launch their IPOs after Nov 20.

　　It has also announced a set of new measures to reform the current IPO mechanism, which marked a further step toward a market-oriented listing system.

　　The measures include scrapping⁴ the requirement for full payment of shares in advance when an investor⁵ bids to subscribe⁶ to new shares.

　　股市反弹 IPO再度重启

　　The CSRC said this will prevent the IPOs from locking up too much capital.

　　At the same time, the regulator further simplified the pricing procedure for small-cap IPOs under 20 million shares, which will help reduce the financing costs of smaller companies.

　　For more on this issue, we're joined by Mike Bastin, Director of The China Business Centre based in London.

1 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

2 plunging   

adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降

参考例句：

• War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
• He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》

3 rout   

n.溃退，溃败；v.击溃，打垮

参考例句：

• The enemy was put to rout all along the line.敌人已全线崩溃。
• The people's army put all to rout wherever they went.人民军队所向披靡。

4 scrapping   

刮，切除坯体余泥

参考例句：

• He was always scrapping at school. 他在学校总打架。
• These two dogs are always scrapping. 这两条狗总是打架。

5 investor   

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。

6 subscribe   

vi.(to)订阅，订购；同意；vt.捐助，赞助

参考例句：

• I heartily subscribe to that sentiment.我十分赞同那个观点。
• The magazine is trying to get more readers to subscribe.该杂志正大力发展新订户。