当前位置:首页 » 中国股票 » 有关中国股票的英文文章

有关中国股票的英文文章

发布时间: 2021-04-18 08:17:45

❶ 关于中国股市制度缺陷及纠正的外文文献

这方面我基本上是空白,所以找了一下,看看能能否帮上你,二、中国股票市场存在的问题
市场经济需要经济自由、明确的财产权和保护产权的法律条件。在提供市场经济的基础条件方面,政府有着巨大的规模优势。但是这种优势只是理论上的。事实表明,政府与其说建设性地提供了这些基础条件,倒不如说常常破坏性地摧毁市场经济的基础条件。中国股票市场一直没有解决好政府与市场的关系问题。
1、经济自由受到限制。中国股票市场上的股票发行方式行政色彩十分明显,政府对股票发行实行了额度限制,上市指标成为稀缺“资源”。这使得拟上市公司向地方政府及主管部门争取额度,地方政府和主管部门向国家证券管理部门争取额度的行为愈演愈烈。政府对上市公司挑选程序的过深介入与市场经济原则相背,因为政府挑选所采用的是一套行政机制,其核心是运用行政关系来推荐,缺乏市场选择的效率,容易产生寻租腐败。许多企业上市后把股票市场当作“提款机”,而没有通过资本市场上的运作来解决企业亟待解决的问题,如转换经营机制,建立良好的公司治理结构,优化资源配置和进行产业调整,反而使企业因缺乏有效的股东制衡机制和合理的股权结构而出现质量滑坡,许多公司在上市不久即告业绩下降甚至亏损。
当上市公司不能正常经营时,政府又对上市公司资产重组和退市进行干预。中国股票市场一直没有形成一种有效的退市制度。在连续亏损上市公司数量不断增多的情况下,证券管理部门推出了ST、PT制度作为退市制度的过渡。由于对公司市场准入的控制,上市公司的“壳”成为稀缺资源,成为市场上兼并、收购和重组的首选对象。在发达国家,股票市场上上市公司的兼并、收购和重组完全是一种以市场为基础的纯企业行为,政府很少会介入到这一活动中去。而在我国,上市公司中国有股占据控制地位的产权结构特征和资本市场以为国有企业筹集资金和“解困”为目的的定位,决定了政府必然是上市公司资产重组的内在构成要素。政府在介入关系公司资本结构变化与经营战略调整的资产重组时,不可避免地会有行政管理者的色彩,很难将其所有者权能与社会管理者权能做出清晰地界定。同时,作为资产所有者,政府在重组中追求利益最大化的行为是市场化财产属性所要求的结果,但它在行使其社会权能时,其行为更主要的是一种行政行为。角色的双重性,导致政府在上市公司重组中的行为常出现市场化与行政化的混淆。
2、中国上市公司没有形成明晰的产权。中国股票市场是官办的,设立之初就是为国有企业解困、卸包袱的。因此,在现有的上市公司中超过60%的是从国有企业转制而来的。全民所有权本身是一种不明确的所有权关系,全民所有权虽然在静态意义上是明确的,但其收益与损失由谁负责却不甚清楚。
公司治理是在产权诸项权能的基础上形成的,合理的产权制度安排是有效公司治理的必要前提。在国有股控股的公司中,由于国有股的有效持有主体缺位,致使国有产权虚置,没有形成人格化的产权主体,股东对企业的监控机制难以建立。这种制度缺陷容易衍生经营者道德风险,产生“内部人”控制。国有股东对公司的控制在产权上趋于超弱控制,在行政上则趋于超强控制。经理人员与政府博弈的结果是一部分经理人利用政府产权上的超弱控制形成对企业的内部控制,同时又利用行政上的超强控制转嫁经营风险,将经济性亏损推诿为体制性因素。
股权分置的制度安排也导致了公司外部治理机制不能正常运转。正常情况下,股票在市场流通所表现的估价是对上市公司经营管理水平的直接反映,流通股比例越高,通过证券市场监督上市公司经营状况的力度就越强。若公司业绩差,投资者就会抛售股票,股价下跌,从而为收购者创造出收购机会,而一旦收购成功,被收购公司的原有经营管理者将处于十分不利的境地。因此,提升企业经营管理水平与经营业绩来防止公司被恶意收购,就成为上市公司经营者恪尽职守、勤勉尽责的外在压力与约束。但是在国有股不流通情况下,上述市场压力传导机制对经营者的作用非常有限。
3、缺乏完善的法制。资本市场正常有效运行的一个重要前提是必须有一套反映市场经济本质要求和资本市场内在规律的完善的法律制度和健全的法律体系。但在我国这样一套法律制度和法律体系还远没有建立起来。
在立法方面,调节资本运行的《公司法》和《证券法》都带有比较明显的制度缺陷。目前正在实施的《公司法》是从20世纪80年代后期开始制定,于1994年7月1日正式实施的。在制定《公司法》时,由于社会主义市场经济理论还未正式确定,资本、资本市场和资本机制等都还未取得合法地位,人们对股票、股票市场和股份公司的地位和作用在认识上比较肤浅,在这种背景下制订的《公司法》与现实越来越不适应。正在实施的《证券法》是在亚洲金融危机期间出台的,为有效防范风险,有些内容规定较严,已经不能满足证券市场的发展需要,其中在混业经营,股指期货、社保资金入市,加入WTO后的证券市场发展以及证券监管机构执法权限等方面都亟须进一步改进。“法不好依”成为我国证券市场运行中的一个突出问题。
在执法方面,证监会是中国证券市场主要的执法机关,由于隶属国务院具有行政管理职能,所以具有行政机关的色彩。证监会的监管很多时候是为了调控市场的价格和指数,缺乏预期性和一致性;执法过程中查处侵害投资者利益案件比较少,查处违反市场管理政策性法律案件比较多。在执法过程中存在不公平、不及时、不透明,缺乏连贯性,纵容违法行为,监管机构内部人员违法犯罪等问题。
在司法方面,存在重行政轻刑事、民事责任的问题,缺少民事赔偿制度等。
三、中国股票市场制度的变革
基于上述分析,中国股票市场要成长为一个集融资、投资、资源配置功能于一体的成熟市场,必须进行基础制度的变革,走市场化、法制化、国际化的道路。
1、市场化改革。按市场原则决定谁有权进入股票市场,明确监管范围和责任,强化政府依法对股票市场进行监管,从各个方面放松政府管制,疏通股票市场的进出通道,实现发行上市和投资完全由市场来选择,建立和完善退市机制。同时实行股票全流通,股权多样化,大力发展产权交易市场,建立一个包括创业板市场、主板市场和场外交易市场的多层次市场体系,适时推出股票指数期货、国债期货等国外比较成熟,国内已初步具备条件的新型交易工具,积极探索期权、卖空机制、做市商制度、市价单与止损单等新型交易模式。
2、法制化改革。在立法方面:确立正确的立法指导思想,对《证券法》、《公司法》进行修改,使其具有前瞻性和可操作性;加强《证券法》、《公司法》的商事性,使其不仅仅是一部管理法;制订颁布新的法律,完善现有的法律体系,如《投资者权益保护法》、《兼并与收购法》;修改《证券法》、《刑法》,使两法对证券犯罪规定相互一致,相互衔接;增加《证券法》中有关欺诈民事责任的规定;修改《证券法》,增加对中国证监会司法审查的规定,推动中国证监会依法行政。
执法方面:形成科学的执法方式,避免证监会阶段性查处一批违法案件的“运动式”监管,形成经常性监管,日常性监管和事件监管相结合,动态监管与静态监管相呼应的监管方式;查处证券欺诈行为,保护投资者利益;证监会加强自律。
司法方面:法院以积极的态度对待投资者,对为了维护合法权益而对证券欺诈行为提起的诉讼,不得以没有法律依据为由拒绝审理。
3、国际化改革。我们的市场规则、行为模式要和国际的最佳规则、最佳模式接轨,按照WTO的协议开放证券服务业。中长期应该实现股票市场,包括二级市场双向自由开放,让国外的蓝筹股在上海的证券交易所自由上市,交叉挂牌。适时修改法规,允许存托凭证的实施,国内基金、国外资本的自由出入。■ 全科论文中心http://www.issncn.net 全科论文中心http://www.issncn.net

❷ 关于中国股市的英文短文

Investor confidence in the Chinese stock market remains weak despite a government measure to boost the economy.

Share prices only went up 0.56 percent in Thursday morning session after the central bank announced both interest rate and reserve-requirement ratio cuts Wednesday night.

The benchmark Shanghai Composite Index opened 1.59 percent higher at 2,125.57 points, but dipped to 2,063.83 at 10 a.m. before closing in the morning at 2,104.01 points. The Shenzhen Component Index declined 0.39 percent to 6,897.53 points.

The early drop was largely e to PetroChina shares, which dipped to 11.9 yuan (about 1.74 U.S. dollars) before closing up 0.25 percent to 12.16 yuan.

Other heavyweights also had poor performances. China Shenhua Energy Company fell 1.7 percent to 22 yuan and the Instrial and Commercial Bank of China declined 0.25 percent to 4.06 yuan.

Irico Display Devices was the only stock that rose to the daily limit of ten percent. It gained 0.28 yuan to close at 3.08 yuan as it announced a net profit estimate of 40 million yuan in the first three quarters.

Securities shares made gains after heavy loss in the previous two days. For instance, Pacific Securities was up 7.83 percent to 19.27 yuan and Citic Securities rose 5.1 percent to 21.86 yuan.

Though the interest rate cuts should have benefited the real estate instry, property shares only increase 0.33 percent in overall growth, said analysts. Beijing Urban Construction Investment & Development Co. rose 5.44 percent to 7.36 yuan, but China Vanke Co. dropped 2.15 percent to 6.36 yuan. Poly Real Estate Group Co. was down 3.65 percent to 14.53 yuan.

Despite gains in the Shanghai benchmark index, total sells still outnumber buys, which shows strong investor prudence, analysts said.

Wednesday evening, the People's Bank of China (PBOC, central bank) announced deposit and lending rates would be lowered by 0.27percentage points on Thursday and the reserve-requirement ratio would be down by 0.5 percentage points starting Oct. 15.

The cuts, the second such move in less than a month, highlighted the government's rising concern over the slowing economy and slumping capital market, analysts said.

❸ 有没有什么关于中国股市的英语文章

一篇转自今天chinadaily的文章:
Stocks nosedive after record high close

China stocks took a roller coaster ride in the first two sessions after the Spring Festival, suffering a record daily tumble Tuesday after reaching an all-time high the previous day.

The benchmark Shanghai Composite Index, which tracks the bigger of China's stock exchanges, fell 268.81 points, or 8.84 per cent, to 2,771.79, the biggest fall in points since the index was launched. The Shenzhen Composite Index, which tracks the smaller of China's bourses, plummeted 66.3 points, or 8.54 per cent to 709.81. The Shanghai and Shenzhen 300 index of major companies in the two bourses, lost 250.18 points, or 9.24 per cent to 2,457.49.

Led by big caps, more than 900 stocks in Shanghai and Shenzhen fell the daily limit of 10 per cent.

The Instrial and Commercial Bank of China, the nation's biggest lender, tumbled 7.86 per cent to 4.69 yuan. China Life, the country's biggest insurer, lost 9.02 per cent to 33.89 yuan. Instrial Bank, which made an A-share debut this month, was down 10 per cent to 24.11 yuan.

China Petroleum and Chemical Corporation (Sinopec), Asia's biggest refiner, fell 10 per cent to 8.90 yuan.

China Vanke Co., the nation's biggest property developer, went from 9.97 percent to 14.26. Baoshan Iron & Steel Co., China's biggest steelmaker, dropped 9.98 percent to 9.02. Citic Securities Co., the nation's biggest publicly traded brokerage, lost 9.70 per cent to 36.21 yuan.

The decline came as some investors judged the Shanghai Composite Index's record closing high Monday to be excessive relative to earnings potential, according to Bloomberg News.

"The market's very sensitive as it's been trading at record levels and some stocks are considered overvalued," Fan Dizhao, who helps manage about $1.8 billion with Guotai Asset Management Co. in Shanghai was quoted as saying.

"Investors are nervous about recent rapid gains and aren't convinced further share-price increases can be sustained."

Speculation about possible measures against illegal capital also dragged on the stocks, hexun.com reported.

The government is to introce a series of measures to push the illegal capital out of the equity market ring the annual session of the National People's Congress, China's top legislature, and the Chinese People's Political Consultative Conference, the country's top advisory body, the China Banking Regulatory Commission revealed Tuesday morning, according to speculations.

Some analysts deemed the dive another round of natural correction as profit-taking pressure increased after the Shanghai index topped the psychologically important level of 3,000.

❹ 这篇关于股票的英文文章的最佳标题是

这个题还是选择C好啦,用排除法吧。A的答案太过宽泛,作为一个报道,这样的题目是不合适的。B只是片面指出了风险,而在文章开头就有个大姐,初入股市收益就达到了1/3,虽然在文章后面都是讲述风险的,但是题目中这样写还是不合适的。D选项就更加不靠谱了。以题目中的路人乙大爷为例,他只是把股市当作消遣,而且这也是很多股民的心态,所以题目是:疯狂的股民是不合适的。而且文章后面更多的是对市场的预测,题目中只拿股民说事是不合适的。

❺ 寻求英文的有关股票涨跌的文章 急!!1

Chinese Stock Market is Crazy 中国股票市场的不稳定因素

Maybe I am among the minority who didn't notice the recent bull market trends in Chinese stock market. I heard some news, but never really look at what is happening in the market. Maybe people outside Chinese also didn't pay attention to the performance. Here is what happened.

The Shanghai Stock Exchange Index was 998.23 in June 2005. Yesterday, it reached 2870.42, which is the highest in the history of the stock market, and almost three times than one and half year ago.

What a crazy stock market!

Indivial Stocks are Even More Crazy

The 3 time increase are only the overall increase. Indivial stocks - those good performers are even better. Stories like people get 50% gain in days are not rare. When I watch the financial news, I can smell money in air. Double! Double! is the theme of change, instead of the conservative 6% - 7% expectation.

Buy stock in China is always like buy lottery. If you bought the right stock, it can easily bring your wealth to the sky in days, and if you are not lucky enough and get the bad stock, it will shrink at the same speed. I don't have experience in the Chinese stock market - I never bought any or sell any in my life. I don't know what my friends felt when he saw his wealth just increased 30% last week.

Unlike NASDAQ, the stock price in China has a threshold. If it raise or drop too much, it will stop trading and hold until the next day. When I chatted with my friend who know stock, he said, you have to catch the first 10 minutes between 9:30 - 9:40 AM. 9:30 is the market opening time. You start to trade at 9:30. However, if you do not act quick enough, the stock you buy may either stop for raising too much, or dropping too much, so you don't have a chance to either buy or sell.

I cannot confirm whether this is true. But based on the recent crazy articles I read, it seems cash is flying in air. Instinct tells me it is the right time for the market to crash.

Disclaimer: I know nothing about stock market, so this article didn't provide any suggestion.

1000字。要翻译不?

❻ 关于中国股票市场的英文介绍 大约3000字

Stocks nosedive after record high close

China stocks took a roller coaster ride in the first two sessions after the Spring Festival, suffering a record daily tumble Tuesday after reaching an all-time high the previous day.

The benchmark Shanghai Composite Index, which tracks the bigger of China's stock exchanges, fell 268.81 points, or 8.84 per cent, to 2,771.79, the biggest fall in points since the index was launched. The Shenzhen Composite Index, which tracks the smaller of China's bourses, plummeted 66.3 points, or 8.54 per cent to 709.81. The Shanghai and Shenzhen 300 index of major companies in the two bourses, lost 250.18 points, or 9.24 per cent to 2,457.49.

Led by big caps, more than 900 stocks in Shanghai and Shenzhen fell the daily limit of 10 per cent.

The Instrial and Commercial Bank of China, the nation's biggest lender, tumbled 7.86 per cent to 4.69 yuan. China Life, the country's biggest insurer, lost 9.02 per cent to 33.89 yuan. Instrial Bank, which made an A-share debut this month, was down 10 per cent to 24.11 yuan.

China Petroleum and Chemical Corporation (Sinopec), Asia's biggest refiner, fell 10 per cent to 8.90 yuan.

China Vanke Co., the nation's biggest property developer, went from 9.97 percent to 14.26. Baoshan Iron & Steel Co., China's biggest steelmaker, dropped 9.98 percent to 9.02. Citic Securities Co., the nation's biggest publicly traded brokerage, lost 9.70 per cent to 36.21 yuan.

The decline came as some investors judged the Shanghai Composite Index's record closing high Monday to be excessive relative to earnings potential, according to Bloomberg News.

"The market's very sensitive as it's been trading at record levels and some stocks are considered overvalued," Fan Dizhao, who helps manage about $1.8 billion with Guotai Asset Management Co. in Shanghai was quoted as saying.

"Investors are nervous about recent rapid gains and aren't convinced further share-price increases can be sustained."

Speculation about possible measures against illegal capital also dragged on the stocks, hexun.com reported.

The government is to introce a series of measures to push the illegal capital out of the equity market ring the annual session of the National People's Congress, China's top legislature, and the Chinese People's Political Consultative Conference, the country's top advisory body, the China Banking Regulatory Commission revealed Tuesday morning, according to speculations.

Some analysts deemed the dive another round of natural correction as profit-taking pressure increased after the Shanghai index topped the psychologically important level of 3,000.

❼ 求一篇有关股票市场的文章或者新闻,最好是英语的,谢谢

您好
您可以看看这些文章都是原创的希望可以帮助您。希望您采纳。下面是我朋友的原创的网络经验一共十六期,您的所有问题都在里面了。
http://jingyan..com/article/066074d67e1651c3c21cb0cd.html
http://jingyan..com/magazine/4329
http://jingyan..com/magazine/5582

❽ 帮我找个国外人写的中英文都有的关于中国股票市场发展或存在问题的文献

中国故事与外国故事虽然同称故事,
但是性质两样的没有同比性,
即使有雷同处也是人为的.
机构不用操盘手操盘只用计算机自动操作的话,
大家才有公平可言...否则输的永远是散户

双赢应该成为中国股市的底线,
只有建立在双赢基础上的股市才是健康的股市,
单边盈利的股市不利中国经济持续发展,
只会不断的埋藏危机...
在何时以何种形式爆发是不可预知的
只要有危机存在社会就会有动荡隐患...

❾ 有没有关于中国股市的英文文章或者网站。。。。。。好着急啊

这里有很多中国股市英文文章:
http://www.sse.com.cn/sseportal/en_us/ps/home.shtml

❿ 有篇关于股市方面的英语文章翻译!(不要是网上和有道那里的翻译,请英语高手帮忙)

令人紧张的牛市,令人沮丧的熊市(不对么?我觉得就这意思啊)
对于股市投资者来说,行情看涨的时候令人恐惧,几乎不可能下跌,让悲观的预言家预测落空。
股市忽涨忽跌的不稳定性,使投资者面临两个伤脑筋的选择:或者继续向股市注入资金,这样就要冒另一次反转的风险,或者抽出资金,这么做的风险是,把未来可能的收益全部扔到了桌子上。(这里应该是个隐喻,意思是放弃了未来可能的收益。)
“我们正在那些中等规模的公司中寻找收益,那些市值在100亿美元或类似的公司。”Yee说,“比如,在固定资产部分,我们看到有很多公司的交易值是他们年收益的12到13倍,总体上相对于股市来说就是25倍。”
就像大股票优于小股票,股票的“增长率”要优于它们的“价值”。而有些方面的股票,也就是说科技股,似乎一直在狂热地上涨。
但像1998年的三季度充分证明了,即使是一个上涨年,也会伴随着波动。所以现在不要把你对投资组合的控制变成自动控制。

热点内容
成为股票交易员 发布:2025-06-30 19:36:02 浏览:968
股票怎么查询历史股价 发布:2025-06-30 19:32:24 浏览:479
基金九宫格哪里看 发布:2025-06-30 19:32:22 浏览:162
场内交易期货怎么操作 发布:2025-06-30 19:31:11 浏览:180
鲁银投资股票同花顺 发布:2025-06-30 19:30:54 浏览:291
股权投资基金保障手段什么意思 发布:2025-06-30 19:22:30 浏览:736
金帝国股市如何 发布:2025-06-30 18:44:39 浏览:836
基金拟投入了多少在哪看 发布:2025-06-30 18:39:43 浏览:22
股市等风来什么意思 发布:2025-06-30 18:34:31 浏览:715
营业所不打印股票交易记录 发布:2025-06-30 18:31:28 浏览:574