CNPC expected to return A-share market in Nov.

时间：2007-10-16 07:38:04

（单词翻译:单击）

BEIJING, Oct. 16 - China's largest oil producer China National Petroleum1 Corp (CNPC) will start initial public offering in late October and may return to the A-share market in November at the earliest, general manager Jiang Jiemin said Monday on the sidelines of the ongoing2 17th National Congress of the Communist Party of China.

 

He said that all relevant procedures have been wrapped up so far.

 

The Shanghai Stock Exchange has approved the CNPC to issue no less than 4 billion shares and raise 37.77 billion yuan (US$5.04 billion).

 

CNPC's listing plan came after a number of large State-owned companies such as the China Construction Bank and China Shenhua Group returned from the Hong Kong stock market to cash in on the bullish mainland bourse.

 
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1 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
2 ongoing 6RvzT     
adj.进行中的，前进的
参考例句：
  • The problem is ongoing.这个问题尚未解决。
  • The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

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