中国金融市场运行分析(2001年1-3季度)

THE ANALYSIS ON THE FINANCIAL MARKET PERFORMANCE IN CHINA(Q1-Q3)

今年前三个季度,国内金融市场继续健康平稳运行,其运行的主要特点为:企业在股票市场上的筹资减缓,上半年沪深综指屡创新高,三季度出现大的回调,两市交投不活跃;B股市盈率和成交量先剧升后大降;银行间市场交易量快速增长,拆借、回购利率逐月下降;证券及基金公司资金融入较多。

The domestic financial market kept growing steadily in the first three quarters of this year. The main characteristics are: the enterprise slowed down funding in the stock market; the Shanghai and Shenzhen composite indices had kept on reaching new high in the first six months, while fell off in the third quarter, and the trades in two bourses were dull;B-share P/E ratio and the trade volume descended severely following the acute ascending; the rapid growth of interbank market trade volume, and the rate of loan and repurchasing went down every month; more funding demand comes from security and fund company.