中国IPO市场异常火爆 800家公司等待审批

 China's market for initial public offerings (IPOs) is the hottest it's ever been.

中国的首次公开募股(IPO)市场正处于空前火爆的状态。

The 62 new stocks that have completed their first month of trading this year soared 420%, on average, over that time, the steepest such rally on record, data compiled by Bloomberg shows.

彭博社汇编的数据显示，今年完成首个交易月的62只新股同期平均涨幅达420%，创下纪录新高。

A clue as to why is the average size of this year's offerings dwindling¹ to $88m, the smallest since 2005.

原因之一是今年的IPO平均规模缩减至8800万美元，为2005年以来的最低水平。

While huge returns on the Chinese mainland IPOs are not new, the numbers are getting even more eye-watering as the China Securities Regulatory Commission (CSRC) seeks to stabilize² the nation's $6.1 trillion equity³ market.

虽然中国大陆IPO的高回报率并不新鲜，但随着中国证监会力图稳定价值6.1万亿美元的中国股市，回报率数字正变得更加令人垂涎。

中国IPO市场异常火爆 800家公司等待审批

As the market stabilizes⁴, the CSRC is set to approve bigger deals for the second half, people familiar with the matter said.

知情人士称，随着市场逐步稳定，证监会将在下半年批准更大规模的交易。

"Investing in A-share IPOs is highly profitable because regulators keep prices low," said Hao Hong, chief strategist at BOCOM International Holdings Company.

交银国际控股有限公司的首席策略师郝红表示，因为监管机构坚持低价发行新股，投资A股IPO非常有利可图。

"Regulators are carefully watching and testing market reactions as they approve IPOs," said Dai Ming, a money manager at Hengsheng Asset Management Company in Shanghai. "They tend to tighten⁵ approvals when the market slumps⁶ and release more deals when sentiment improves."

上海恒盛资产管理公司基金经理戴明表示：“当批准上市时，监管机构正在密切关注并测试市场反应。当市场暴跌时他们往往收紧审批，而当情况得到改善，则会放出更多的交易。”

More than 800 companies have filed IPO applications and are waiting for approval, according to the CSRC's website.

根据证监会网站，已有超过800家公司递交了IPO申请，正在等待审批。

1 dwindling   

adj.逐渐减少的v.逐渐变少或变小( dwindle的现在分词 )

参考例句：

• The number of wild animals on the earth is dwindling. 地球上野生动物的数量正日渐减少。 来自《简明英汉词典》
• He is struggling to come to terms with his dwindling authority. 他正努力适应自己权力被削弱这一局面。 来自辞典例句

2 stabilize   

vt.（使）稳定，使稳固，使稳定平衡；vi.稳定

参考例句：

• They are eager to stabilize currencies.他们急于稳定货币。
• His blood pressure tended to stabilize.他的血压趋向稳定。

3 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。

4 stabilizes   

n.（使）稳定， （使）稳固( stabilize的名词复数 )v.（使）稳定， （使）稳固( stabilize的第三人称单数 )

参考例句：

• The broadbased attachment of the mesenteric root stabilizes the small bowel. 肠系膜根部基底宽阔的附着面使小肠得以稳定。 来自辞典例句
• The available supply of industrial product and produce stabilizes growth. 工业品与农产品的有效供给稳定增长。 来自互联网

5 tighten   

v.(使)变紧；(使)绷紧

参考例句：

• Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
• Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策，以避免通货膨胀。

6 slumps   

萧条期( slump的名词复数 )； （个人、球队等的）低潮状态； （销售量、价格、价值等的）骤降； 猛跌

参考例句：

• Deflation could emerge from simultaneous slumps in the world's three major economies. 如果世界经济三大主体同时衰退，通货紧缩就会出现。
• This is the cycle of economic booms and slumps. 这是经济繁荣和经济萧条的周期变化。