英闻天下——76 China's IPO and Refinancing Markets in 2012

 　　A leading Chinese financial data provider says that IPOs on China's A-share market lost its momentum¹ in 2012, with fewer newly listed companies and reduced fundraising.

 

　　Some 150 Chinese firms raised a combined 93 billion yuan through IPOs in Shanghai and Shenzhen last year.

 

　　The country saw a huge expansion of the IPO market in 2009 and 2010 with 85.9 percent of IPO applications approved in 2009 and 83.5 percent in 2010, whereas last year, only 76 percent were approved.

 

　　The number of IPOs and total funds raised both slumped² to their lowest point since 2010.

 

　　Amid a lackluster IPO market, China's refinancing market in 2012 has seen a boom by contrast.

 

　　The scope of the refinancing market expanded to nearly four times the scope of the IPO market last year.

 

　　For more on China's IPO market and refinancing market in 2012, we now cross live to Mark Hughes, Executive business editor of China Daily.

1 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

2 slumped   

大幅度下降，暴跌( slump的过去式和过去分词 )； 沉重或突然地落下[倒下]

参考例句：

• Sales have slumped this year. 今年销售量锐减。
• The driver was slumped exhausted over the wheel. 司机伏在方向盘上，疲惫得睡着了。