A股

该公司已聘请内地经纪公司中信证券（citicsecurities）担任a股上市顾问。

The company has hired CITIC Securities , a mainland broker , to advise on an A-share listing .

据汤姆森金融（thomsonfinancial）的数据显示，在过去12个月内的113例a股发行中，有三分之一以上的股票在上市首日上涨超过一倍。

Over the past 12 months , more than a third of the 113 offerings on the A-share market more than doubled in value on their debut , according to data from Thomson Financial .

衡量a股对h股平均溢价水平的恒生ah股溢价指数（hangsengchinaahpremiumindex），一直以来都出了名的波动。

The average premium of a shares over H shares , as measured by the Hang Seng China ah premium index , is notoriously volatile .

这些措施可能包括允许一系列大型企业在a股市场进行大规模首次公开发行（ipo），以吸收市场的部分流动性。

Measures could include allowing a series of large IPOs in Shanghai , which are designed to draw some of the liquidity from the market .

更进一步的是，两地官员正在研究沪港证交所联合交易的可能性，并推出一个追踪a股和h股价差的指数。

Going further still , officials on both sides of the border are mulling the possibility of joint trading on both exchanges , while a new index will track the differential between a and H-shares .

张灼华表示，香港机构的qfii配额有限，所以它们无法直接投资内地上市的a股。

MS Lam said Hong Kong institutions have a limited QFII quota so they cannot invest directly in China-listed A-shares .

野村拥有一张qfii牌照，目前正将这张牌照用于这只新基金这意味着，它可以自由购买a股股票。

Nomura has a QFII licence and is using it in this fund , meaning it is free to buy a shares .

恒生ah股溢价指数在2008年1月达到208的高点，意味着当时a股平均比h股贵一倍。

The Hang Seng China ah premium index reached a high of 208 in January 2008 , with a shares more than double the price of H shares at the time .

批准更多的qdii额度，应该会加大市场流动性，有助于缩减a股与h股间的估值差距。

The approval of more QDII quotas should drive market liquidity and help reduce the valuation gap between a and H shares .

上周四，在美联储（fed）前任主席艾伦格林斯潘（alangreenspan）发出警告，称中国市场即将出现大幅回调之后，a股市场几乎没有变化。

Last Thursday , after Alan Greenspan , former US Federal Reserve Chairman , warned that the Chinese market was due for a dramatic correction , the A-share market barely moved .

摩根士丹利（morganstanley）经济学家娄刚（jerrylou）表示：“长期来看，我们相信，它最终会降低a股市场的波动性，增加机构对a股市场的参与。”

Jerry Lou , an economist at Morgan Stanley , says : " in the long term , we believe it will result in lower volatility and greater institutional participation in the A-share market . "

a股市场绝非一个小型本地市场，它的总规模位居全球第二，仅次于纽约证交所（nyse）。

Far from a being a niche local market , the total A-shares market is the second largest in the world , with only the New York Stock Exchange surpassing it .

该公司旗下的中华abh股基金（chinaabhshares）主要投资于在内地a股市场上市的中国企业，自7年前发行以来，回报率已超过900%。

One of its funds , China ABH shares , which invests primarily in Chinese companies listed on the mainland A-share market , has seen a return of more than 900 per cent since it was launched seven years ago .

中国限制外资投资沪深股票市场上以人民币计价的股票（即a股），仅允许那些拥有合格境外机构投资者（qfii）牌照的公司购买这些股票。

China restricts foreign investment in renminbi-denominated stocks listed on the Shanghai and Shenzhen stock markets , known as a shares , by limiting buying to those groups with a qualified foreign institutional investor licence .

他同时重申，中国正考虑推出在港挂牌交易的、跟踪国内a股指数的交易所交易基金（etf）产品，并批准更多以人民币计价的债券和股票赴港上市。

He also reiterated promises that China is considering introducing Hong Kong-listed ETF products that would track the domestic a share index , as well as sanctioning more renminbi-denominated bonds and shares in the city .

普华永道（pwc）的分析师认为，如果全球经济没有进一步恶化，上海股市在未来6个月内将再举行8宗a股发行活动，而深圳将有46宗，香港有32宗。

Analysts at PwC believe that , providing the global economy does not deteriorate further , Shanghai will host another eight A-share offerings over the next six months , its mainland rival Shenzhen a further 46 and Hong Kong an extra 32 .

瑞银集团（ubs）新兴市场策略主管乌萨马希马尼（oussamahimani）表示，只有收益增长预期“非常乐观”，才能证明a股目前的股价水平是合理的。

Oussama Himani , head of emerging market strategy at UBS , said a shares were trading at levels that could only be justified by " very optimistic " earnings growth expectations .

对这些拥有a股的企业，回购是一种选择。

For these A-share companies , buy-backs are one option .

总的来说，国际投资者无法在a股市场买或卖。

The A-share market is not generally available for either buying or selling .

但是，随着h股的价格优势消失，a股再度领先。

But having let H-shares close the gap , A-shares powered ahead again .

承销以人民币计价的a股是一份好差事。

Underwriting domestic currency A-share issues is nice work .

上海a股的上市规模仍未确定。

The size of a Shanghai A-share listing has yet to be decided .

话虽如此，今年a股市场的道路将更加崎岖。

That said , the market is in for a rockier ride this year .

该公司将保留以人民币计价的a股。

The company will maintain its A-share listing , which is denominated in Renminbi .

至于投资收入亦会受惠a股市场创新高而造好。

Moreover , investment income will also increase as mainland A-share market marked record high .

目前上市b股有109只，其中约85只同时还有以人民币计价的a股。

There are 109 listed B-shares , around 85 of which also have renminbi-denominated A-shares .

上市以来，太平洋保险a股价格上涨20.6%，昨日达到了36.19元人民币。

The A shares have since risen 20.6 per cent to reach RMB 36.19 yesterday .

去年秋季，上海a股的市盈率一度达到50倍的峰值水平。

Shanghai A-shares sported a price / earnings ratio of 50 at the peak last autumn .

最初，该基金的a股比例预计在10%左右。

Initially , the fund will have about 10 per cent of its holdings in A-shares .

香港居民将获准直接从中资证券公司的分支机构购买a股。

This will allow individuals to buy a shares directly from subsidiaries of mainland security companies .