2017年CRI Share swap program to get oversight

 

Media reports suggests that 3 to 5 state firms, as well as 2 central financial institutions, have been included in the first batch¹ of a share-swap program, in the latest bid to reform the country's state-owned enterprises.

A proportion of shares of these companies and institutions will be transferred to the country's social security fund.

China's finance ministry² is going to be in charge of the pilot program.

Earlier this month, the State Council announced that 10% of State-owned equity³ will be transferred to the Social Security Fund.

For more on this, the Beijing Hour's Paul James earlier spoke⁴ with John Ross, senior fellow with Chongyang Institute for Financial Studies, Renmin University.

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 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

3 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

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。