中国股市连续第四个交易日上涨

 　　Chinese stocks extended their winning run to a fourth session yesterday as hopes of looser monetary policy continued to grip the market.

　　随着放松货币政策的希望继续主导市场，中国股市昨天连续第四个交易日上涨。

　　The Shanghai Composite index rose 1.1 per cent to 2,562.41, the highest since June 24. It has gained 5.7 per cent so far this week.

　　上证综合指数上涨1.1%，至2562.41点，是自6月24日以来的最高点。本周迄今，该指数已上涨了5.7%。

　　Signs of slowing growth and relatively muted inflation have fuelled hopes that some of the policy tightening introduced earlier this year might be unwound.

　　有迹象表明，增长率放缓，且通货膨胀相对温和，已激起市场的希望，即今年早些时候推出的一些政策收紧可能被放松。

　　Deutsche Bank said that while no big policy relaxation was likely in the third quarter of the year, the fourth quarter could see some moves.

　　德意志银行(Deutsche Bank)表示，虽然今年第三季不太可能有重大的政策放松，但第四季可能见到一些动作。

　　Jun Ma, economist at the bank, said: “By then, senior officials will likely publicly discuss the need to relax policies to guard against the risk of a ‘second dip', and the government may begin to relax a few real estate policies and to signal the intention to reaccelerate public spending.”

　　该行经济学家马骏表示：“到那时，高官们将有可能公开讨论通过放松政策来避免‘二次衰退'风险的必要性，且政府可能开始放松一些房地产政策，并发出信号表示，有意重新加速公共支出。”

　　Real estate shares led the market's advance yesterday on reports that a planned property tax would be levied in 2012, later than expected. The real estate sub-index rose 2.1 per cent, with Gemdale rising 2.4 per cent to Rmb6.85. In Shenzhen, China Vankeclimbed 2.6 per cent to Rmb7.95.

　　房地产股昨引领市场上涨，因有报告表示，计划中的物业税将在2012年开征，晚于预期。房地产分类指数上涨了2.1%，金地集团(Gemdale)上涨2.4%，至6.85元。在深圳市场上，中国万科(China Vanke)上涨了2.6%，至7.95元。

　　The gains on the mainland helped Hong Kong reverse early losses, and the Hang Seng index finished 0.5 per cent higher at 20,589.70.

　　内地市场的上涨，帮助香港市场收复了早盘的失地，恒生指数上涨0.5%，报收于20589.70点。

　　Steel stocks continued to advance after news that mainland steel prices had risen this week. Angang Steel gained 2.2 per cent to HK$11.96, taking its weekly rise to 16 per cent.

　　钢铁股继续上扬，之前有新闻表示，本周内地钢价已上升。鞍钢股份(Angang Steel)上涨了2.2%，至11.96港元，令周涨幅达到了16%。