帮忙翻译下经济文章2

来源:百度知道 编辑:UC知道 时间:2024/06/25 23:10:27
The mechanism behind such adjustment was that most overseas investors are based in Europe and America, not Hong Kong. In the event of an A-share plunge, they will make adjustments in investment. But because of the incomplete opening of the A-share market, capital cannot be withdrawn by the adjustment of A-share investments. In the long run, international investors hope to get more involved in China, but the H share or the red chip share is the only choice for short-term adjustment. This explains why Hong Kong’s stock market continued to fall after the A-share market was stabilized. The reason for such investment adjustment is that overseas investors may have placed a considerable proportion of real investments in the Chinese mainland.
On the other hand, China already holds sizeable overseas assets, of which foreign exchange reserves have reached US$1.2 trillion. Although the growth of fixed asset investment has slowed down, trade surplus and foreign exchange reserve are climbing

在这种调整背后的机制是,多数海外投资者的总部设在欧洲和美国,而不是香港。如果在A股暴跌,他们将作出调整,投资。但由于不完全开放的A股市场,资金不能撤回的调整, A股投资。从长远来看,国际投资者希望能更多地参与中国,但H股或红筹股市场份额的唯一选择短期调整。这就解释了为什么香港股市持续下跌后, A股市场稳定。其原因是这类投资的调整,海外投资者可能寄予了相当大的比例的实际投资大陆。
另一方面,中国已拥有庞大的海外资产,其中外汇储备已达到1.2万亿美元。虽然固定资产投资增长放缓,贸易顺差和外汇储备的上升。其结果是,储蓄是保持高输出与国内流动性过剩。在五年内,我国的外国直接投资可能会遇到扭转,高于与流出流入。