Index breaks 6,000-point mark on CPC congress opening

After hesitating last week before another milestone, the benchmark Shanghai Composite Index today broke 6,000 points, in time with this morning's opening session of the 17th National Congress of the Communist Party of China (CPC).

Of the A shares listed in Shanghai, 350 went up, 424 closed down and 69 ended flat, indicating another lift of index by large-cap heavyweights. Baoshan Iron and Steel climbed 10.03 percent to lead 31 stocks hitting the maximum growth cap of 10 percent, topping the gainers list.

China Unicom, with the largest trading volume, rose a stunning 9.97 percent to 11.69 yuan. China Shenhua Energy, with the largest transaction value, stumbled to become another "100-yuan share" falling 1.36 percent to 90.87 yuan.

Stocks in the construction, food and finance sectors were particularly strong today. Bank shares moved up modestly with Bank of Communications on the top with a 3 percent rise, and contributed the most to the index growth due to their heavy weights in the market. CITIC Securities moved up 1.58 percent on news of its newly acquired license as a qualified domestic institutional investor.

【词汇解析】

Shanghai Composite Index：上证综合指数. 是上海证券交易所编制的，以上海证券交易所挂牌的全部股票为计算范围，以发行量为权数的加权综合股价指数。

broke 6,000 points：注意突破的说法，超过多少点还可以用surpass。

17th National Congress of the Communist Party of China：中国共产党十七次代表大会。请注意与NPC（National People’s Congress）全国人民代表大会区分。

climb: 股票上涨的说法. climb 500 points/gain 500 points/ lift of 500 points.

A shares：A股, 指以人民币计价，面对中国公民发行且在境内上市的股票。

large-cap heavyweights：大盘股，heavyweights指重量级人物, 大盘股通常指流通量较大的股.

the maximum growth cap：最大涨幅，指涨停。

Baoshan Iron and Steel：宝钢集团。

trading volume：交易量。

stumble：本指跌跌撞撞，这里指涨涨跌跌。

100-yuan share：百元股，股价超过百元的股票。

sector: 本意为部门，这里指板块，例如：金融板块、钢铁板块等。

bank shares：银行股。

modestly：move up modestly指温和上涨。

CITIC Securities：中信证券。

qualified domestic institutional investor：合格的境内机构投资者, 简称QDII

【词汇补充】

Dow-Jones Industrial Average: 道琼斯工业指数

NASDAQ: 纳斯达克综合指数.

Shenzhen Stock Exchange：深交所.

Shenzhen Component Index：深圳成份指数

Blue Chip: 蓝筹股

floating shares：流通股

common share: 普通股.

growth stocks:增长股票, 通指每股收益和股价增长高于平均增长率的股票。

fluctuate：震荡

market value：市值

market maker: 庄家

Initial Public Offering (IPO):公开售股

suspension:停盘

trade date: 交易日

【背景补充】

A股 (A share) 以人民币计价，面对中国公民发行且在境内上市的股票。

B股 (B share) 以美元港元计价，面向境外投资者发行，但在中国境内上市的股票；

H 股 (H share) 以港元计价在香港发行并上市的境内企业的股票。

N股 S股 (N share/S share) 依此类推，纽约的第一个英文字母是N，新加坡的第一个英文字母是S，纽约和新加坡上市的股票就分别叫做N股和S股。

ST股 (ST share) Special Treatment--ST股票表示该公司财务状况恶化（如净资产低于面值、连续几年亏损，连续3年将退市），由证交所强制进行或上市公司自己申请，该股票交易进行特别处理(Special treatment)。所以冠以“ST”。

QDII (Qualified Domestic Institutional Investors) QDII是在资本账项未完全开放的国家（地区），让当地投资者投资海外的机制，投资者必须通过该机制，才可进行买卖，以便国家监管资金流向及规模。QDII可以通过成立闭端式基金（即基金到期后，方可一次性取回本金及回报，期间不可买卖），设定年期及投资金额上限，让投资者认购，并由基金经理负责投资。以上形式容许外汇管理局监管资金流向，保证资金重返国家。

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