2012年金融英语阅读指导:FECT相关阅读

 　　2012年金融英语阅读指导:FECT相关阅读

　　when china joined the world trade organization in 2001 —— committing to open its then-struggling banking¹ sector² to full competition by 2007 —— skeptics predicted the country‘s banks would be swamped by better-capitalized foreign institutions.

　　this week， as leaders at the world economic forum’s annual meeting in davos， switzerland， debate the fiscal³ fitness of china‘s banks， it appears the doomsayers have been wrong， or at least premature⁴. china has injected fresh capital into its biggest banks， set up corporate⁵ boards with independent directors and pushed them to list abroad. foreign investors⁷ have responded by putting up more than $16 billion for pieces of chinese

　　few foreign banks look poised⁸ to take on the daunting⁹ task of building a vast retail¹⁰-banking network of their own from scratch. at the end of october， the assets of foreign banks were just 2% of total banking assets in china.

　　instead， foreign institutions are scrambling¹¹ to invest in china’s banks. chinese have poured 14 trillion yuan （$1.736 trillion） —— about 46% of the country‘s gross domestic product —— into bank accounts each year. “as income levels rise， millions more people will become attractive banking clients，” says david marshall， fitch ratings’ head analyst¹² for banks and financial institutions in asia. “that is drawing the attention of foreign banks.”

　　the lure¹³ for both domestic and foreign banks is china‘s undeveloped consumer-finance market. the share of consumer loans among total loans grew to 11% from 5% between 2000 and 2004.

　　in its wto commitments， china promised to allow foreign banks to tap into china’s local-currency retail-lending market and its 1.3 billion consumers at the end of 2006. foreign banks will be able to issue yuan-denominated loans and accept yuan-denominated deposits from chinese individuals. currently， foreign banks are allowed to offer loans and accept deposits in foreign currency， and to provide yuan-denominated services to enterprises in 25 cities. but few foreign banks have built such a network with local-currency retail customers still off limits.

　　“it‘s not going to be a doomsday scenario¹⁴ for the domestic banks when december 2006 comes，” says may yan， senior banking analyst at moody’s investor⁶ service in hong kong. “the december event will only have an impact over the next five to 10 years.”

　　hsbc holdings plc of the united kingdom has the largest foreign bank network in china， with 12 branches. in contrast， industrial & commercial bank of china， china‘s largest domestic bank， has more than 20，000 outposts.

　　“we have a two-pronged strategy： grow our business organically and through cooperation with our strategic partners，” said richard yorke， chief executive of hsbc china. hsbc has invested more than $5 billion in china， the most among foreign banks， but more than $4 billion of that has gone into equity¹⁵ investment in local financial institutions —— including a 19.9% stake in china’s fifth-largest bank， bank of communications.

　　china‘s banking regulator has capped the maximum amount of foreign investment in a single domestic bank at 25% and a maximum stake for a single investor at 20%. but in september， the china banking regulatory commission said it was reviewing the caps on foreign bank ownership and intends to raise them gradually before the end of 2006. analysts¹⁶ expect the caps to remain under 50%.

　　to attract strategic investors while helping¹⁷ domestic banks become more competitive， china recapitalized three of the biggest state-owned commercial banks by injecting $60 billion. the fresh capital and sale of nonperforming loans were enough to attract giants bank of america corp.， royal bank of scotland plc and goldman sachs group inc. to take stakes in the three recapitalized domestic giants ahead of their initial public offerings.

1 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。

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

4 premature   

adj.比预期时间早的；不成熟的，仓促的

参考例句：

• It is yet premature to predict the possible outcome of the dialogue.预言这次对话可能有什么结果为时尚早。
• The premature baby is doing well.那个早产的婴儿很健康。

5 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

6 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。

7 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

8 poised   

a.摆好姿势不动的

参考例句：

• The hawk poised in mid-air ready to swoop. 老鹰在半空中盘旋，准备俯冲。
• Tina was tense, her hand poised over the telephone. 蒂娜心情紧张，手悬在电话机上。

9 daunting   

adj.使人畏缩的

参考例句：

• They were faced with the daunting task of restoring the house.他们面临着修复房子的艰巨任务。
• Starting a new job can be a daunting prospect.开始一项新工作有时会让人望而却步。

10 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

11 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》

12 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

13 lure   

n.吸引人的东西，诱惑物；vt.引诱，吸引

参考例句：

• Life in big cities is a lure for many country boys.大城市的生活吸引着许多乡下小伙子。
• He couldn't resist the lure of money.他不能抵制金钱的诱惑。

14 scenario   

n.剧本，脚本；概要

参考例句：

• But the birth scenario is not completely accurate.然而分娩脚本并非完全准确的。
• This is a totally different scenario.这是完全不同的剧本。

15 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

16 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。

17 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。