《財經英語新知》:
Andy:The newspaper said that the government was curbingsecurities lending activities.Do you have any idea whatsecurities lending is?
報紙上說政府正在打壓證券借貸,你知道什麼是證券借貸嗎?
Amanda:Securities lending is an important part of a stock market.Itdescribes what happens when an investor borrows securitiesfrom a lender, mainly for the purpose of short selling.
證券借貸是股票市場重要的一環,意思是指投資人從出借方那邊借入有價證券,主要是做賣空之用。
Andy: What is short selling?
什麼叫賣空?
Amanda:Short selling is the selling of a stock that the seller doesn'town.Generally,a short seller anticipates a decrease in stockprice.
賣空是指賣方出售本身未持有的股票,通常賣空者預測股價會下跌。
Andy:So, that's the reason why short sellers need to borrow sharesfrom others.
所以這是為什麼賣空者需要向別人借入股票的原因。
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