进一步规范和发展证券市场

further standardize and develop the securities market

增加直接融资比重 increase the proportion

of direct financing

完善股票发行上市制度 improve the

system for IPO and listing on stock markets

中国证监会 China Securities Regulatory

Commission (CSRC)

深圳证券交易所市 Shenzhen Stock Exchange

上海证券交易所 Shanghai Stock Exchange

综合指数 composite index

纳斯达克（高技术企业板） NASDAQ

（National Association of Securities

Dealers Automated Quotation

主板市场 the main board

通货紧缩 deflation

中国现代化建设分三步走的战略the

three-step development strategy of China’s

modernization drive第一步，到1990年国

民生产总值比1980年翻一番 Step One:

GDP of 1990 doubles that of 1980.第二步，到2000年人均国民生产总值比1980年翻两番

GDP of 2000 quadruples that of 1980;

people live a fairly comfortable life.第三

步，到21世纪中期建国100周年时，达

到中等发达国家水平 Step Three: By the

year 2049, the 100th anniversary of the

P.R.C., China’s level of development is

expected to be on par with the mid-ranking

developed countries

与世界经济的联系将更加紧密 be more

closely linked to the world economy