Securities investment terminology - from professional translation companies

边际宽松

marginally eased

标杆债券

benchmark bonds

波动率指数

volatility index (VIX)

波段机会

opportunity of timing the market

不变价

at constant price

成分股

constituent stock

城投债

quasi-municipal bonds 

纯债

pure bonds

单边下行

Unilateral downward

低位窄幅波动

limited volatility at a low level

多空并存

coexistence of both long and short positions

房住不炒

houses are for living in, not for speculation

非法人产品

non-corporate products

高位盘整

consolidate at high levels

公开市场操作

Open Market Operations

股指

stock market index

回笼量

withdrawal

汇率并轨

unificiation of exchange rate

汇率超调

exchange rate over-adjustment

货币政策自主空间

monetary policy autonomy

机构抱团的白马股

white horse stocks chased by institutional investors

加码

step up

见顶

top out

结售汇差额

balance of foreign exchange settlement and sale

净值化转型

Net value transformation

净值型理财产品

Net-value wealth management product

居民最终消费支出

the household final consumption expenditure (HHFCE)

局部机会

local opportunity

跨境融资宏观审慎调节参数

macro-prudential adjustment parameter for cross-border financing

跨周期政策

cross-cyclical policy

宽信用

loose credit

利差

spread

利空

bearish trend

利率债

government-backed bonds

两项直达货币政策工具

Two monetary-policy instruments directly supporting the real economy

量化宽松

Quantitative Easing

流动性合理充裕

adequate liquidity at a reasonable level

流动性中性偏紧

neutral and slightly tightened liquidity

逆回购利率

repo rate

偏债策略为主的基金

bond-oriented funds

偏债混合

Bond-oriented combined funds

票据

bills

平减指数

Deflator

扰动因子

disturbance factor

三道红线政策

three red lines policy

商业银行同业存单到期收益率

interbank CD yield to maturity 

上/下行空间

upside/downside potential

上行有顶

capped upturn

社融

social financing

市场回调

market correction

首次申请失业救济

initial jobless claims

双边汇率

bilateral exchange rate

双向宽幅波动

two-way wide fluctuation

私募债

private placement bonds

缩表

reduce the balance sheet

缩减购债

tapering

锁定期

 lockup period

碳减排支持工具

Carbon-reduction supporting tool

通胀失控

runaway inflation

投放量

issuance

土地流拍

abortive auctions of land

万得全a

Wind A-share Index 

息率

coupon rate

下调评级

credit rating downgrade

先贷后借的直达机制

the system for direct funds

先抑后扬

decline before a rebound

信用债

credit bonds

研发费用加计扣除

R&D expense super deduction

一/二级债基

Bond funds on primary/secondary market

以稳为主

aiming at ensuring stability

银行二级资本债

banks’ tier-2 capital bonds

隐性债

implicit debt

有管理的浮动汇率制度

a managed floating exchange rate regime

预案

Prospect 

再贷款

Central bank lending

折年数

annual rate

正股

Underlying stock

政金债

financial bonds of policy banks

中间价

central parity rate 

中期借贷便利

Medium-term lending facility (MLF)

中性偏弱

slightly neutral towards weakness

中资美元债

Chinese USD bonds/debts

专项债

special bonds

资管新规

New Regulations for Asset Management

总量政策

aggregate policy 

组合波动率

Portfolio Volatility