Chinese shares rise 2.69% on Monday

时间：2007-07-10 03:01:28

（单词翻译:单击）

BEIJING, July 10 - Chinese shares closed 2.69 percent higher on Monday after the government imposed restrictions1 last Friday on the sale of state-owned shares, allaying2 fears that large stock sales may hurt the stability of the market.

 

The benchmark Shanghai Composite Index, which covers A and B shares listed on the Shanghai Stock Exchange, rose 2.69 percent, or 101.87 points, to close at 3,883.22 points.

 

The component3 index of the smaller Shenzhen Stock Exchange was up 451.06 points or 3.64 percent, to 12,846.41 points.

 

The combined turnover4 of the two bourses rose to 159.7 billion yuan (20.7 billion U.S. dollars) from 145.7 billion yuan on the previous trading day, indicating the market continued to regain5 public confidence following the 5.25 percent drop on July 5.

 

China's central bank vice6 governor Wu Xiaoling said at the weekend that the country's monetary7 policy was not directly targeting the stock market or the real estate sector8, which was also believed by analysts9 to have helped stabilize10 the market sentiment.

 

Only 50 stocks declined in value, while 50 stocks went up by the maximum ten percent, except for stocks under "special treatment" in companies that have failed to report profits for two consecutive11 years.

 

Heavyweight bank stocks recorded the highest rise, with the Industrial and Commercial Bank of China up 2.13 percent to close at 5.27 yuan, and the Bank of China up 1.6 percent to 5.07 yuan.

 

China Merchants Bank surged 6.68 percent, while both Shenzhen Development Bank and Fujian-based Industrial Bank gained four percent.

 

Stocks in the real estate, metallurgical and pharmaceutical12 sectors13 also performed well.

 

The Hushen 300 Index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 3,821.30 points, up 111.02 points, or 2.9 percent.

 
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1 restrictions 81e12dac658cfd4c590486dd6f7523cf     
约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）
参考例句：
  • I found the restrictions irksome. 我对那些限制感到很烦。
  • a snaggle of restrictions 杂乱无章的种种限制
2 allaying 193227f148039eda399849a6e257c8c4     
v.减轻，缓和( allay的现在分词 )
参考例句：
  • Most important, improving the government's reputation means allaying political and human-rights concerns. 最重要的在于提高政府的声誉，这意味着需要缓和政治策略和关注人权间的矛盾。 来自互联网
  • More reading may be allaying your doubt. 多读书或许可以减少你的疑惑。 来自互联网
3 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。
4 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。
5 regain YkYzPd     
vt.重新获得，收复，恢复
参考例句：
  • He is making a bid to regain his World No.1 ranking.他正为重登世界排名第一位而努力。
  • The government is desperate to regain credibility with the public.政府急于重新获取公众的信任。
6 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
7 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
8 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
9 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。
10 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。
11 consecutive DpPz0     
adj.连续的，联贯的，始终一贯的
参考例句：
  • It has rained for four consecutive days.已连续下了四天雨。
  • The policy of our Party is consecutive.我党的政策始终如一。
12 pharmaceutical f30zR     
adj.药学的，药物的；药用的，药剂师的
参考例句：
  • She has donated money to establish a pharmaceutical laboratory.她捐款成立了一个药剂实验室。
  • We are engaged in a legal tussle with a large pharmaceutical company.我们正同一家大制药公司闹法律纠纷。
13 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

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