China urged to foster capital market institutional investors

时间：2006-09-25 03:23:08

（单词翻译:单击）


China is an emerging capital market, which is also in a transitional period. (File Photo)
 
Sept. 24 - China should foster more capital market institutional investors1 to help the market develop in a broad scope and depth, said a senior official with the Goldman Sachs Group.

 

Michael Evans, President of the Goldman Sachs Group in Asia, said that China's capital market is developing fast and plays an increasingly important role in the international arena2.

 

What China lacks is not capital, but the ability to manage the capital, Michael Evans said at a three-day forum3 of the Emerging Market Commission (EMS) of the International Organization of Securities Commissions (IOSCO), which opened in Shanghai last week.

 

He explained that speculative4 funds can lead share prices to fluctuate, while institutional investors focus more attention on listed companies' performance, thus helping5 stabilize6 the stock market.

 

Chief Executive Officer of the Hong Kong Securities and Futures7 Commission (SFC) Martin Wheatley also said that security regulators should not only try to maintain a stable stock market, but also promote the development of the market.

 

The regulators should promote the development of new financial products and let all investors find suitable investment tools, he noted8.

 

Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said at the EMC meeting, which was organized by the CSRC, that China is an emerging capital market, which is also in a transitional period.

 

He pledged his commission would further promote the reform and opening of China's capital market and solve emerging problems in the capital market through development means.

 

The CSRC will gradually improve the opening policies for the capital market to promote the market to develop in a healthy and stable way, said the official.

 

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1 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
2 arena Yv4zd     
n.竞技场，运动场所；竞争场所，舞台
参考例句：
  • She entered the political arena at the age of 25. 她25岁进入政界。
  • He had not an adequate arena for the exercise of his talents.他没有充分发挥其才能的场所。
3 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
4 speculative uvjwd     
adj.思索性的，暝想性的，推理的
参考例句：
  • Much of our information is speculative.我们的许多信息是带推测性的。
  • The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。
5 helping 2rGzDc     
n.食物的一份&adj.帮助人的，辅助的
参考例句：
  • The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
  • By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。
6 stabilize PvuwZ     
vt.（使）稳定，使稳固，使稳定平衡；vi.稳定
参考例句：
  • They are eager to stabilize currencies.他们急于稳定货币。
  • His blood pressure tended to stabilize.他的血压趋向稳定。
7 futures Isdz1Q     
n.期货，期货交易
参考例句：
  • He continued his operations in cotton futures.他继续进行棉花期货交易。
  • Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。
8 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。

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