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每日英语(2019-03-07)

2019-03-07  本文已影响4人  极客与宽客

每日短语

Make a song and dance about it (小题大做)

To make lots of unnecessary fuss about it- just to overreact.

Eg1: Don’t make a song and dance about it, I only asked you to move seats so I could see the screen.

每日名言

Everyone thinks of changing the world, but no one thinks of changing himself.

每个人都想改变世界,但没人想过要改变自己。

每日新闻

Tech board signals fast start as rules activated

随着规则激活,科技板发出快速启动信号

Regulations for China's science and technology innovation board at the Shanghai bourse(股票交易所) took effect on Friday, signaling that the groundbreaking initiative (开创性的举措) may be launched as early as this month, analysts said.

The new equity trading platform(股票交易平台) will pioneer capital market reform, they said, as shown by market rule breakthroughs based on mature overseas markets and notable inclusiveness(显著的包容性) for tech companies.

The China Securities Regulatory Commission and the Shanghai Stock Exchange released detailed rules for the new board on their respective websites(各自的官网) on Friday night. The regulations took effect immediately, signifying that tech companies can start to submit listing applications(提交上市申请).

The regulations said the new board will experiment with the registration-based(注册制) initial public offering system, in which eligible enterprises(符合条件的企业) go public by filing required documents. Other trading platforms on China's A-share market use an approval system(审核制), whereby regulators decide whether a company can be listed or not.

Companies intending(打算) to go public on the new board should aim for the leading edge(前沿) of global science and technology, and serve China's major needs and prime economic development directions, according to the regulations.

The board's registration system features IPO standards tailored(量身定制的) for such companies, such as allowing unprofitable companies to be listed if they satisfy one of the five sets of financial indicators(财务指标).

Dual-class share structures(双层股票结构)-a common governance structure used by tech companies to ensure founders' control over a company despite large-scale equity financing(股权融资)-is also allowed on the new board, the regulations said.

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