Business Channel 2007-08-24&08-26, 中国进一步放开投资领域
时间：2018-12-05 作者：英语课 分类：商业报道2007年
英语课
Scripts:
This Chinese bank is swamped with investors 1 hoping to open a new kind of brokerage account for China. Until now Chinese citizens have only been allowed to trade Chinese stocks. But the government is easing restrictions 2 on investing in HK, allowing these people to be among the first to buy shares outside the mainland.
The markets in HK, Europe and the US are driven by market forces, but I am ready.
For years, China had strict controls on money flowing in and out of the country, making it tough for foreign investors to buy stocks on China’s booming markets, and nearly impossible for local investors to buy securities overseas. The Chinese government worried moving large amounts of money could destabilize its economy, but now with the economy booming, a huge trade surplus and China sitting on more than one trillion dollars and other currencies, the country is awash in cash.
I think this is also a way for the government, the Chinese government to manage the capital flow in and out of the country, it is a very important move.
It also provides new ways for people to invest their savings 3. Investors can open brokerage accounts with the Bank of China in the coastal 4 city of Tianjin and invest in theory as much as they want.
What they’ve done is they've offered select mainland investors to take Renminbi and convert it into HK Dollars and buy HK shares which nutlet is, er, positive for HK.
Chinese investors will be able to trade all securities here in HK, but analysts 5 expect them to focus on shares of mainland Chinese companies, which they can buy here at a steep discount.
Some of the Chinese shares in HK are 80% cheaper. So far the new rules only apply to shares in HK, but analysts say the move brings China one step closer to integrating its markets and its people into the global financial system.
Eunice Yoon CNN, HongKong.
Notes:
Be awash with: be fraught with, abundant in
This Chinese bank is swamped with investors 1 hoping to open a new kind of brokerage account for China. Until now Chinese citizens have only been allowed to trade Chinese stocks. But the government is easing restrictions 2 on investing in HK, allowing these people to be among the first to buy shares outside the mainland.
The markets in HK, Europe and the US are driven by market forces, but I am ready.
For years, China had strict controls on money flowing in and out of the country, making it tough for foreign investors to buy stocks on China’s booming markets, and nearly impossible for local investors to buy securities overseas. The Chinese government worried moving large amounts of money could destabilize its economy, but now with the economy booming, a huge trade surplus and China sitting on more than one trillion dollars and other currencies, the country is awash in cash.
I think this is also a way for the government, the Chinese government to manage the capital flow in and out of the country, it is a very important move.
It also provides new ways for people to invest their savings 3. Investors can open brokerage accounts with the Bank of China in the coastal 4 city of Tianjin and invest in theory as much as they want.
What they’ve done is they've offered select mainland investors to take Renminbi and convert it into HK Dollars and buy HK shares which nutlet is, er, positive for HK.
Chinese investors will be able to trade all securities here in HK, but analysts 5 expect them to focus on shares of mainland Chinese companies, which they can buy here at a steep discount.
Some of the Chinese shares in HK are 80% cheaper. So far the new rules only apply to shares in HK, but analysts say the move brings China one step closer to integrating its markets and its people into the global financial system.
Eunice Yoon CNN, HongKong.
Notes:
Be awash with: be fraught with, abundant in
1 investors
n.投资者，出资者( investor的名词复数 )
- 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 restrictions
约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）
- 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
3 savings
n.存款，储蓄
- I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
- By this time he had used up all his savings.到这时，他的存款已全部用完。