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Working languages: English to Chinese
Chinese to English
| Da Best
Hong Kong Local time: 12:01 HKT (GMT+8)
Native in: Chinese | |
| Freelancer | | Translation, Editing/proofreading | | Specializes in: | | Computers: Software | Economics | | Retail | Accounting | | Business/Commerce (general) | Finance (general) | | History | Investment / Securities | | Marketing / Market Research | Tourism & Travel |
| Also works in: | | Advertising / Public Relations |
More Less | | PRO-level points: 8, Questions answered: 23, Questions asked: 1 | Sample translations submitted: 3 | English to Chinese: Disclaimer | Source text - English
This material was prepared by the Investment Advisory Centre (IAC) of ABN AMRO. It is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. While based on information believed to be reliable, no guarantee is given that it is accurate or complete. While we endeavour to update on a reasonable basis the information and opinions contained herein, there may be regulatory, compliance or other reasons that prevent us from doing so. The opinions, forecasts, assumptions, estimates, derived valuations and target price(s) contained in this material are as of the date indicated and are subject to change at any time without prior notice. The investments referred to in this material may not be appropriate or suitable for the specific investment objectives, financial situation, knowledge, experience, or individual needs of recipients and should not be relied upon in substitution for the exercise of independent judgement. ABN AMRO or its officers, directors, employee benefit programs or co-workers, including persons which were involved in preparing or issuing this material, may from time to time hold long- or short-positions in securities, warrants, futures, options, derivatives or other financial instruments referred to in this material. ABN AMRO may offer and render at any time investment banking-, commercial banking-, credit-, advice-, and other services to the issuer of any security referred to in this material. Pursuant to offering and rendering such services, ABN AMRO may come into possession of information not included in this material and ABN AMRO may prior or immediately after publication thereof have acted based on such information. ABN AMRO may in past year have acted as lead manager or co-lead manager with regard to a public offering of securities from issuers as mentioned in this material. The stated price of any securities mentioned herein is as of the date indicated and is not a representation that any transaction can be effected at this price. Neither ABN AMRO nor other persons shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. This material is for the use of intended recipients only and the contents may not be reproduced, redistributed, or copied in whole or in part for any purpose without ABN AMRO's prior express consent. This document is solely intended for dissemination amongst private/retail customers in a PC country. Distribution to private/retail customers in any jurisdiction that would require registration or licensing of the distributor which the distributor does not currently have, is not permitted. Material means all research information contained in any form including but not limited to hard copy, electronic form, presentations, e-mail, SMS or WAP. | Translation - Chinese
本資料由荷蘭銀行投資顧問中心（IAC）編製，僅作資訊用途，並不構成對任何證券或其他金融工具的銷售要約或購買徵求。本資料基於被信納為可靠之資訊，但不對其準確性或完整性提供保證。我們已盡力根據合理基礎更新文中資訊及意見，惟仍可能因法規、監管或其他原因令我們無法如此行事。本資料中之意見、預測、設想、估計、衍生估值和目標價格為截至當日的資料，可能隨時變更而不經事先通知。本資料提及的投資未必適宜或適合收取或閱覽以上資料人士的特定投資目標、財務狀況、知識、經驗或個人需要，因此不應倚賴本資料並作為對獨立判斷的取代。荷蘭銀行或其高級職員、總監、僱員福利計劃或合作人士（包括參與編製或發行本資料的人士）或會持有本資料所提及證券、認股權證、期貨、期權、衍生產品或其他金融工具的長倉或短倉。荷蘭銀行可能隨時向本資料所提及的任何證券發行商提供投資銀行、商業銀行、信貸、諮詢或其他服務。由於提供該等服務，荷蘭銀行或會擁有未載入本資料的資訊，亦可能在本資料發表前或發表後立即基於該等資訊而採取行動。荷蘭銀行或已於早年擔任本資料所提及證券發行商公開上市之主要承銷商或副主承銷商。本文提及任何證券的價格為當日價格，不代表可用該價格進行任何交易。荷蘭銀行及其他人士亦不為任何直接、間接、特殊、偶然、附帶、懲罰性或懲戒性損害賠償等，包括由於本資料所含訊息以任何方式導致的任何利潤損失承擔責任。本資料僅供目標受眾使用，未經荷蘭銀行事先明示同意，不得複製、分發或翻印其全部或部分內容。本文件僅供有提供私人銀行服務的國家向私人或零售客戶分發。不得於任何對發行商需要登記或發牌許可、而發行商尚未擁有該等登記或許可的任何司法管轄區向私人或零售客戶發佈。資料指所有研究資料，其包含方式包括但不限於印刷本、電子格式、陳述、電子郵件、短訊或WAP。 | | Chinese to English: Eco Report | Source text - Chinese
Global economy: some stabilisation but still uncertainty
• Global economic growth strong in third quarter, but surveys point to a weakening ahead.
• Credit turmoil and US housing collapse yet to translate into real economic weakness.
• Oil prices have meant higher inflation and inflation expectations, worrying central banks enough to limit potential easing.
US: housing deteriorates but growth surges
• US housing market downturn worsened in September, with sales posting new lows and house prices continuing to decline. However, the overall economy surged in the third quarter with growth on the quarter reaching 3.9 percent (annual rate) thanks to strong consumer spending and rising net exports.
• The Fed believes it has provided enough ‘insurance’ against a wider credit crunch and now sees risks balanced between growth and inflation.
• Even after an easing of inflationary pressures, September headline inflation rose sharply as oil pushed up energy prices.
| Translation - English
hÇò½› | | Chinese to English: Investment Highlights | Source text - Chinese
保险消费进入新上升周期，新业务价值乘数25-36倍。08年1-4月寿险业务增长62%，产险业务增长21%，总保费增长50%，这是继01/02年分红险热销后出现的万能/投连险销售高潮，预计08年寿险有望增长45%-50%，推动新业务价值增长不低于25%-30%，新业务价值乘数25-36倍。
投资收益率高位回落至6%±0.5%，优于精算假设水平。受益于股票超额收益，06/07年保险资金投资收益率创历史新高，08/09年将恢复正常水平至6%±0.5%，仍将高于5.5%的长期投资收益率假设。考虑到万能险销售比例提高了保单平均资金成本，内含价值评估不调整收益率假设。
| Translation - English
Insurance consumption enters into a new upside cycle, new business multipliers reach 25x-36x . The life insurance business, property insurance and gross premium income over the period of Jan 2008 till April 2008 has been increased by 62%, 21% and 50% respectively. The universal / investment link insurance sales are in another new heat wave after participating insurance hot sales in 01/02. We expect the life insurance business in 2008 may see the increase of 45%-50%; the new business value growth will not be less than 25% -30%, whilst the new business multiplier will be 25x - 36x.
Investment return downs from the peak to 6%¡À0.5%, but better than actuarial assumptions. Thanks to higher-than-expected equity gain, the insurance capital investment return in 06/07 reached its historical high. The return in 08/09 will back to normal level at 6%¡À0.5%, but still higher than 5.5% long term investment return assumption . Given that the higher sales ratio on universal insurance has increased the average capital cost of Premium, the investment yield assumption will remain unchanged for embedded value valuation.
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More Less | | Years of translation experience: 5. Registered at ProZ.com: Oct 2005. | | N/A | English to Chinese (Hong Kong Translation Society)
| | N/A | | Adobe Acrobat, Microsoft Excel, Microsoft Word, Powerpoint, SDL TRADOS, SDLX | | English (DOC) | | About me an UK MBA graduate with the Distinction Award with working experience on the field of Finance/Banking/Business with multinational companies. Hard working, responsible and deliver the job on time.
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Keywords: finance, banking, managment .
Profile last updated
Apr 30, 2009 |
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