Chinese shares plunge more than 5%

时间：2007-07-07 05:41:30

（单词翻译:单击）
 
BEIJING, July 6 - Chinese share prices plunged1 5.25 percent on Thursday, the biggest drop since June 4's slide of 8 percent, with investors3 baleful eyeing the Chinese government's determination to mop up excess liquidity4.

 

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, plummeted5 5.25 percent, or 200.3 points, to close at 3,615.87 points.

 

The Shenzhen Component6 Index, which covers both A- and B-shareslisted on the nation's smaller bourse, fell by 5.8 percent, or 725.56 points, to end at 11,783.58 points.

 

Chinese officials from the Ministry7 of Finance said on Thursday the massive issuance of 1.55 trillion yuan of special treasury8 bonds would not undermine financial markets.

 

But investors feared the move would mop up liquidity, and the sentiment was aggravated9 by reports saying the first batch10 of the special bond, worth about 500 billion yuan, would be issued soon.

 

The State Administration of Foreign Exchange said it would authorize11 domestic fund management and securities companies to invest in overseas securities business, as it expanded the scope of the Qualified12 Domestic Institutional Investor2 (QDII).

 

Analysts13 said it may attract investors to the Hong Kong exchange, where the share prices of companies listed on mainland markets are usually lower.

 

The combined turnover14 registered at the two bourses stood at a relatively15 low 117.7 billion yuan (15.5 billion U.S. dollars).

 

Newly-opened A-share accounts on the Shanghai and Shenzhen bourses continued to drop and hit a record low of 79,977 on Tuesday after recording16 100,000 a day earlier, according to statistics from the China Securities Depository and Clearing Co.

 

The Hushen 300 Index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 3,537.44 points, down 206.14 points, or 5.51 percent, from the previous day's trading.

 

分享到：


点击收听单词发音收听单词发音  

1 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降
参考例句：
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。
2 investor aq4zNm     
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。
3 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
4 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
5 plummeted 404bf193ceb01b9d9a620431e6efc540     
v.垂直落下，骤然跌落( plummet的过去式和过去分词 )
参考例句：
  • Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。
  • A plane plummeted to earth. 一架飞机一头栽向地面。 来自《简明英汉词典》
6 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
7 ministry kD5x2     
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。
8 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
9 aggravated d0aec1b8bb810b0e260cb2aa0ff9c2ed     
使恶化( aggravate的过去式和过去分词 )； 使更严重； 激怒； 使恼火
参考例句：
  • If he aggravated me any more I shall hit him. 假如他再激怒我，我就要揍他。
  • Far from relieving my cough, the medicine aggravated it. 这药非但不镇咳，反而使我咳嗽得更厉害。
10 batch HQgyz     
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。
11 authorize CO1yV     
v.授权，委任；批准，认可
参考例句：
  • He said that he needed to get his supervisor to authorize my refund.他说必须让主管人员批准我的退款。
  • Only the President could authorize the use of the atomic bomb.只有总统才能授权使用原子弹。
12 qualified DCPyj     
adj.合格的，有资格的，胜任的，有限制的
参考例句：
  • He is qualified as a complete man of letters.他有资格当真正的文学家。
  • We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。
13 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
14 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
15 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
16 recording UktzJj     
n.录音，记录
参考例句：
  • How long will the recording of the song take?录下这首歌得花多少时间？
  • I want to play you a recording of the rehearsal.我想给你放一下彩排的录像。

©2005-2010英文阅读网