沪深交易所发布停复牌新规

China's two stock exchanges set the upper-time limit for listed firms' trading suspension to better protect investors¹' interests.

为了更好的保护投资者的利益，近日，上海证券交易所和深圳证券交易所针对上市公司停牌时间设限。

Listed firms on the Shanghai and Shenzhen bourses seeking to suspend trading over important asset reorganization should finish the process within a time frame of no longer than three months, according to statements released by the two institutions.

根据这两家国内的证券交易所发布的声明，上海和深圳交易所的上市公司因重大资产重组而寻求停牌的，其完成这一程序的时间不得超过3个月。

In addition, similar time limits were also rolled out for continuous plans for asset reorganization, non-public offerings and major asset purchase.

此外，两家交易所还针对连续的资产重组方案、非公开发行、重大资产购买等事项制定了类似的时间限制。

The new rules are meant to "curb² stock suspensions at will and to regulate suspensions", the Shanghai Stock Exchange said.

上海交易所表示，新规是为了遏制随意对股票进行停牌，并对停牌操作进行管理。

Over 1,400 companies suspended their Shanghai- and Shenzhen-listed shares to prevent stock prices from plunging³ further after the mainland stock market underwent a major correction in June last year.

内地股市在去年六月进行了一次大的修正之后，超过1400家公司暂停其上海和深圳上市股票，以防止股票价格进一步下跌。

"The arbitrary share suspension is a shared concern of regulators and investors both in China and abroad." said Gao Ting, head of China strategy at UBS Securities.

瑞银证券中国战略主管高挺表示：“无论是在国内还是国外，随意对股票进行停牌都是监管层和投资者共同关注的问题。”

Around 300 companies were suspended from trading in April this year, half of which cited restructuring as reason while another 40 percent only vaguely⁴ described their reason for suspension as "important events," according to Goldman Sachs.

根据高盛集团的信息表示，大约有300家公司在今年四月停牌，其中一半以重组为原因，而另外40%只是模糊地描述其原因为“重要事件”。

1 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

2 curb   

n.场外证券市场，场外交易；vt.制止，抑制

参考例句：

• I could not curb my anger.我按捺不住我的愤怒。
• You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。

3 plunging   

adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降

参考例句：

• War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
• He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》

4 vaguely   

adv.含糊地，暖昧地

参考例句：

• He had talked vaguely of going to work abroad.他含糊其词地说了到国外工作的事。
• He looked vaguely before him with unseeing eyes.他迷迷糊糊的望着前面，对一切都视而不见。