Forex investment company to debut next Friday

时间：2007-09-21 02:30:43

（单词翻译:单击）

Sept. 20 - China Investment Co. Ltd., the country's long-awaited state forex investment company set up to make better use of its huge foreign exchange reserve, will be inaugurated on September 28, Wednesday's China Business News reports.

 

Lou Jiwei, current deputy secretary-general of the State Council, will act as board chairman, while Gao Xiqing, now vice1 chairman of the National Council for Social Security Fund, will be the general manager, the newspaper said, citing unidentified sources.

 

Other senior managerial staff will include Zhang Hongli, a vice finance minister, Wang Jianxi, a vice board chairman of the Central Huijin Investment Corporation, Hu Huaibang, Commissioner2 of Discipline Inspection3 with the China Banking4 Regulatory Commission, Xie Ping, the general manager of the Central Huijin, and Yang Qingwei, department head of fixed5 assets investment with the National Development and Reform Commission.

 

The vice central bank governor Su Ning, who had participated in the preparations for the establishment of the company, is not going to hold a post in the company, according to the newspaper.

 

Previous rumors6 saying Hu Zuliu, the general manager of Goldman Sachs Group (Asia) Ltd, would become the general manager of the research department of the company were untrue, the paper reported, citing sources close to Hu.

 

Analysts7 said China Investment Company would either invest in the financial market, make direct outbound investment in energy and resources or offer financial support to Chinese enterprises to invest overseas.

 

They said the second strategy would be the most difficult to implement8, as it needed a great amount of expertise9 and experience, so the other two strategies were more likely to be adopted.

 

At the end of last month, China's Ministry10 of Finance announced it would use forex purchased with returns from a 600 billion-yuan (67.79 billion U.S. dollars) special treasury11 bond sale to finance the China Investment Co. Ltd.

 

China's forex reserve had reached 1.33 trillion U.S. dollars by the end of June.

 
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1 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。
2 commissioner gq3zX     
n.（政府厅、局、处等部门）专员，长官，委员
参考例句：
  • The commissioner has issued a warrant for her arrest.专员发出了对她的逮捕令。
  • He was tapped for police commissioner.他被任命为警务处长。
3 inspection y6TxG     
n.检查，审查，检阅
参考例句：
  • On random inspection the meat was found to be bad.经抽查，发现肉变质了。
  • The soldiers lined up for their daily inspection by their officers.士兵们列队接受军官的日常检阅。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
5 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
6 rumors 2170bcd55c0e3844ecb4ef13fef29b01     
n.传闻( rumor的名词复数 )；[古]名誉；咕哝；[古]喧嚷v.传闻( rumor的第三人称单数 )；[古]名誉；咕哝；[古]喧嚷
参考例句：
  • Rumors have it that the school was burned down. 有谣言说学校给烧掉了。 来自《简明英汉词典》
  • Rumors of a revolt were afloat. 叛变的谣言四起。 来自《简明英汉词典》
7 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。
8 implement WcdzG     
n.(pl.)工具，器具；vt.实行，实施，执行
参考例句：
  • Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
  • The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。
9 expertise fmTx0     
n.专门知识(或技能等)，专长
参考例句：
  • We were amazed at his expertise on the ski slopes.他斜坡滑雪的技能使我们赞叹不已。
  • You really have the technical expertise in a new breakthrough.让你真正在专业技术上有一个全新的突破。
10 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。
11 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。

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