CRI听力:Analysts Cautious about Guangdong Pension Fund Investment

invest in在…上投资, 在…投入(时间、精力等)
例句：He invested his money in shares.
他把钱投资在股票上。

2. But Ye Tan says this step will have a limited impact on the stock markets.

have an impact on对…有影响;对…起作用,产生效果
例句：The book made a great impact on its readers.
这本书对读者有很大的影响。

3. China's stock market has underperformed compared to its global peers, experiencing a 22% decline last year, while the Dow Jones industrial average climbed 6%.

compare to与…相比
例句：The writer was compared to Shakespeare.
把这个作家与莎士比亚进行了比较。

4. Judging by the history of the National Council for Social Security Fund, the highest proportion of funds that invested in the stock markets was 30%.

judge by根据〔由〕…作出判断
例句：Judging by the sound of his voice, the man couldn't be very young.
听声音, 那人已不太年轻。

5. We can't use pension funds, on which society will later depend on, to pay for the tuition fee of developing our capital market.

depend on依赖, 依靠
例句：My success depends on my friend helping me.
我的成功是依靠我的朋友帮助我。
pay for为…付钱
例句：I have to pay 150 dollars for the sewing machine.
我得花150美元买这台缝纫机。

6. Liu points out that due to historical reasons, China's capital markets focus more on providing money for businesses, but not enough on providing returns for investors.

point out指出
例句：He pointed out that there was little chance of success.
他指出很少有成功的机会。
due to由于，因为
例句：Her absence is due to illness.
她因病缺席。
focus on对(某事或做某事)予以注意
例句：Many firms are focusing on increasing their markets overseas.
许多商行都专注于扩大国外市场。
provide for供给，为…提供
例句：The local government provided special buses for the guests.
地方政府为宾客提供了专车。

10. We shall set about cultivating professional financial institutions like JP Morgan and Goldman Sachs; if we have more of those institutions, they can facilitate the investment of huge funds, like pension funds and insurance funds.

set about开始做(某事)
例句：We set about our task at once with great enthusiasm.
我们立刻兴致勃勃地干起来。