中国银行首次发行上市

Eunice Yoon: Housewives to little old ladies to couples dreaming of the future. Investors² are scrambling³ to buy a slice of one of China's biggest Initial Public Offerings(IPO) ever, the Bank of China.

“You don't want to miss out. If everyone else is going their droves, you follow too. ”

Eunice Yoon: BOC is the country's second largest lender, one of the many troubled banks turning to the markets in search of money to reform itself. The bank has raised 9. 7 billion dollars, making its IPO the largest the world has seen in 6 years. Some of the funds came from the pocket of 72 -year-old Mr. N, a veteran investor¹. N borrowed cash from his sister to buy his 2, 000 shares. They cost him about 800 US dollars. When it comes to banking⁴ shares, this is the biggest. It's a national stock and a good company. A million Hong Kong residents thought so too when the bank took applications for the shares 2 weeks ago. The queues of eager would-be investors lined up block in the city where trading stocks is a national pastime.

“Some of my customers, they haven't bought the shares for so long. This time. . . . . they try again. They have the confidence.”

“In fact, investors here are already talking about the next bank on Beijing's list, the Industrial and Commercial Bank of China, the nation's biggest bank. ”

Eunice Yoon: Buying into a big state bank like Bank of China or ICBC certainly allows investors such as these people here to tap into China's economic growth. But analysts⁵ say: buyers beware.

“People need to be appreciated that this is still an emerging market. There're huge systematic⁶ risks that have not yet been resolved. The banks are still at the early stages of changing their credit culture. The profitability is nothing like a foreign bank. So, be careful with where you put your money. ”

Eunice Yoon: Words of caution that fall on deaf ears, for many of those hoping to ride the coattails of China's economic might.

Eunice Yoon:, CNN, Hong Kong.
=======================

1. Emerging Market Economy

Countries that are starting to participate globally by implementing⁷ reform programs and undergoing economic improvement. The countries that have emerging markets together represent a large percentage of the world's population while accounting⁸ for a relatively⁹ small percentage of the world's economic production. Emerging markets tend to be more volatile¹⁰ than established markets due to uncertainty¹¹ within the political scene and domestic currency.

2. coattails

1 if you achieve something on someone's coattails, you achieve it because of the other person's power or success: on sb's coattails
--A number of Republican congressmen were elected on Bush's coattails.
2 the cloth at the back of a tailcoat that is divided into two pieces:

1 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• 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

3 scrambling   

v.快速爬行( scramble的现在分词 )；攀登；争夺；（军事飞机）紧急起飞

参考例句：

• Scrambling up her hair, she darted out of the house. 她匆忙扎起头发，冲出房去。 来自《现代英汉综合大词典》
• She is scrambling eggs. 她正在炒蛋。 来自《简明英汉词典》

4 banking   

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 analysts   

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。

6 systematic   

adj.有系统的，有计划的，有方法的

参考例句：

• The way he works isn't very systematic.他的工作不是很有条理。
• The teacher made a systematic work of teaching.这个教师进行系统的教学工作。

7 implementing   

v.实现( implement的现在分词 )；执行；贯彻；使生效

参考例句：

• -- Implementing a comprehensive drug control strategy. ――实行综合治理的禁毒战略。 来自汉英非文学 - 白皮书
• He was in no hurry about implementing his unshakable principle. 他并不急于实行他那不可动摇的原则。 来自辞典例句

8 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

9 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

10 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。

11 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。