制研价贸号上号 金融英语阅读 Match the terms in column A with the explanations in column B. A B 1.take shape A.acquire or gain control of 2.take over B.take on a definite form 3.as of C.carry out 4.make even D.as from;indicating the time or date from which sth.starts 5.consist of E.create in a precise form 6.formulate F.make neither a loss or a profit 7.implement G be composed of Cloze China's banks have been scrubbing hard,hoping to make themselves clean enough to attract foreign capital.If you believe official figures,their non-performing loan (NPL)ratio fell to 13.2%at the end of last year,from nearly 18%in 2003. 1 Independent data are also looking less gloomy.Standard Poor's,a credit-rating agency,reckons 35%of loans will go sour,down from its previous estimate of 50%.This may help win round foreign banks,which have so far resisted taking stakes.Royal Bank of Scotland is said to be ready to pay up to $4 billion for up to a fifth of BoC,although the Edinburgh bank would not be drawn at its annual meeting on April 20th.There are also rumors that foreigners are preparing to buy a stake in CCB. The banks'old bad debts are worrying enough.2 Between the start of 2001 and early 2004,China went on an almighty credit binge.Bank lending jumped by 56%in 2003 alone,as the government first tried to shore up growth and then lost control of a racing economy before trying to rein it in last spring.At the state's behest,banks lent enormous sums for new factories,roads and airports,many of which will never make money. 3 A tenth of all outstanding bank loans,or around 2 trillion yuan ($242 billion),is now owed by consumers.Mortgages,which account for 90%of this, grew at an annual compound rate of 115%between 1998 and 2004,according to KGI, a securities firm.Last year,they rose by 38%,against just 6%for corporate loans(see chart).Banks have been delighted to grant home loans because they carry only a 50% weighting in the calculation of risk-weighted assets-a tribute to the perceived safety of mortgages. 4 Last June,the National Audit Office warned of widespread consumer-credit problems,citing one borrower who was lent enough in multiple mortgages to buy 128 apartments.China lacks a national consumer-credit database to spot overstretched debtors,although a pilot system linking seven cities was set up late last year.Never having seen a complete mortgage-credit cycle,Chinese banks appear not to understand the downside risks.5 A.None has scrubbed harder than the two big state banks being groomed for 第1页共3页金融英语阅读 第 1 页 共 3 页 1. Match the terms in column A with the explanations in column B. A B 1. take shape A. acquire or gain control of 2. take over B. take on a definite form 3. as of C. carry out 4. make even D. as from; indicating the time or date from which sth. starts 5. consist of E. create in a precise form 6. formulate F. make neither a loss or a profit 7. implement G. be composed of Cloze China’s banks have been scrubbing hard, hoping to make themselves clean enough to attract foreign capital. If you believe official figures, their non-performing loan (NPL) ratio fell to 13.2% at the end of last year, from nearly 18% in 2003. 1_______________ Independent data are also looking less gloomy. Standard & Poor's, a credit-rating agency, reckons 35% of loans will go sour, down from its previous estimate of 50%. This may help win round foreign banks, which have so far resisted taking stakes. Royal Bank of Scotland is said to be ready to pay up to $4 billion for up to a fifth of BoC, although the Edinburgh bank would not be drawn at its annual meeting on April 20th. There are also rumors that foreigners are preparing to buy a stake in CCB. The banks' old bad debts are worrying enough. 2_______________Between the start of 2001 and early 2004, China went on an almighty credit binge. Bank lending jumped by 56% in 2003 alone, as the government first tried to shore up growth and then lost control of a racing economy before trying to rein it in last spring. At the state's behest, banks lent enormous sums for new factories, roads and airports, many of which will never make money. 3_______________A tenth of all outstanding bank loans, or around 2 trillion yuan ($242 billion), is now owed by consumers. Mortgages, which account for 90% of this, grew at an annual compound rate of 115% between 1998 and 2004, according to KGI, a securities firm. Last year, they rose by 38%, against just 6% for corporate loans (see chart). Banks have been delighted to grant home loans because they carry only a 50% weighting in the calculation of risk-weighted assets—a tribute to the perceived safety of mortgages. 4_______________ Last June, the National Audit Office warned of widespread consumer-credit problems, citing one borrower who was lent enough in multiple mortgages to buy 128 apartments. China lacks a national consumer-credit database to spot overstretched debtors, although a pilot system linking seven cities was set up late last year. Never having seen a complete mortgage-credit cycle, Chinese banks appear not to understand the downside risks. 5_______________ A. None has scrubbed harder than the two big state banks being groomed for