2017年CRI 6 public fund companies get approval for FOF

 

6 public fund companies have been approved to conduct Fund of Funds (FOF) business in China.

China Securities Regulatory Commission released the first batch¹ of licensed² public FOFs earlier in September.

An FOF is an investment strategy of holding a portfolio³ containing different investment funds instead of investing directly in bonds, stocks and other types of securities.

By June of 2017, the overall scale of China's public funds market had exceeded 10 trillion yuan, or 1.5 trillion U.S. dollars.

For more on the issue, the Beijing Hour's Shane Bigham spoke⁴ earlier with Cao Can, CRI's financial analyst⁵.

1 batch   

n.一批(组，群)；一批生产量

参考例句：

• The first batch of cakes was burnt.第一炉蛋糕烤焦了。
• I have a batch of letters to answer.我有一批信要回复。

2 licensed   

adj.得到许可的v.许可，颁发执照(license的过去式和过去分词)

参考例句：

• The new drug has not yet been licensed in the US. 这种新药尚未在美国获得许可。
• Is that gun licensed? 那支枪有持枪执照吗？

3 portfolio   

n.公事包；文件夹；大臣及部长职位

参考例句：

• He remembered her because she was carrying a large portfolio.他因为她带着一个大公文包而记住了她。
• He resigned his portfolio.他辞去了大臣职务。

4 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

5 analyst   

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。