路边社：筹钱造大船

中国为其海军建设提供国家支持，募集14亿美元
State-backed China Shipbuilding to raise $1.4 billion for naval buildup

原文地址：http://uk.reuters.com/article/2013/09/11/us-china-shipbuilding-idUKBRE98A02L20130911
原创翻译：龙腾

The Dalian ShipbuildingIndustry Co.,Ltd working area is seen at sunrise in Dalian, Liaoningprovince, January 1, 2013.Credit: Reuters/China Daily
大连船舶重工集团有限公司的工作区是在日出在大连看到，1月1日，辽宁省，2013.来自：路透社/中国日报

(Reuters) -State-backed China Shipbuilding Industry (601989.SS) plans to raise up to $1.4billion through a private share sale to buy assets used for building warships,the first time Beijingis tapping the capital market to fund its military expansion.
在国家支持下，中国船舶重工（601989.SS）计划定增募资85亿吸纳核心军工资产，北京首次开拓资本市场，以资助其军事扩张。

The move comes as Chinacreates its own military-industrial complex, with the private sector seentaking a key role, as the country gains a new sense of military assertivenessand deals with a growing budget to develop modern equipment including aircraftcarriers and drones.
此举正当中国创建自己的军事工业复合体，同时该国不断增长的军事自信以及在不断增长的预算之下大力发展包括航母和无人机在内的现代装备都使得私营部门看到自己成为一个关键角色的意义。

China, whose militaryspending is now second only to the United States, has unveiled adouble-digit rise in its 2013 military budget, with spending on the People'sLiberation Army set to rise 10.7 percent to 740.6 billion yuan ($119 billion).
仅次于美国军费开支的中国军费已经在2013年的预算中两位数增长，人民解放军的花费将上升10.7％至7406亿软妹币（1190亿刀）

"The thinking of thosehigh-ranking officials is changing. Military asset securitization, or tappingcapital markets for military expansion, will be the future trend and thefunding scale will also become bigger and bigger," said Wang Hexu, aShanghai-based analyst at Hwabao Securities.
驻上海的分析师汪和煦说：“那些高级官员的思想变化了。军事资产证券化，以及开发军备扩张的资本市场，将是未来的趋势。”

"Now aviation andweaponry may also be the next sectors for asset securitization," he said.
“现在航空和武器装备也可能是资产证券化的下一个行业，”他说。

China Shipbuilding IndustryCo Ltd (CSIC) said it plans to raise as much as 8.48 billion yuan ($1.4billion) by selling up to 2.2 billion shares to as many as 10 selectedinvestors. The investors include two sibling companies, Wuchang Shipbuildingand Dalian Shipbuilding, which are key builders of Chinese warships.
中船重工（CSIC）表示，它计划通过向10个选定的投资者出售2.2亿股筹集约84.8亿人民币（约14亿美元）。

The company, a key supplierto the People's Liberation Army, said it was the first time China was going to the capitalmarket to fund the buildup of its core military.
作为解放军的主要供应商，该公司说，这是中国首次将以资本市场的资金用于其核心军事的发展。

"The deal will expandthe financing channels for China'smilitary defense," China Shipbuilding said in a statement posted on theShanghai Stock Exchange's website. "It would also herald an overallsecuritization of China'smilitary assets."
中国船舶工业在上海证券交易所网站上发布的一份声明中说：“该交易将扩大中国的军事防御的融资渠道，这也预示着中国的军事资产的整体证券化。”

NEW CARRIERS
Beijing last year issued new guidelines aimed at encouraging private investmentin a defense sector traditionally sheltered from competition and publicscrutiny.
去年北京发布了新的指导方针，旨在鼓励私人投资在历来免受竞争和公众的监督的国防部门。

Such investment would bodewell for Chinese military-focused shipbuilders compared with commercialshipbuilders like Rongsheng Heavy Industries Group (1101.HK), which fell to afirst-half loss and has requested financial help from the government.
这些投资是中国重点军事造船企业的好兆头，但相比之下，商业造船企业，如熔盛重工集团（1101.HK），上半年开始亏损，不得不要求政府的财政援助。

China is expected to build one or more aircraft carriers over thenext five to 10 years, with each carrier fleet costing nearly $20 billion,China Shipbuilding said, citing expert forecasts.
“预计中国将在未来的5到10年内，建立一个或多个航母编队，而每个航母编队的造价是200亿美元。”中国造船厂援引专家的预测说。

"CSIC has been rumoredto be one of those that's going to either build, or fit out the newdomestically manufactured aircraft carrier," said Gary Li, a Beijing-basedsenior maritime analyst at consulting firm IHS.
“中船重工一直有传言称，那些将要建造和安装的是一个新的航母。”北京的资深海事咨询公司IHS的分析师加里·李说。

"Some of the companiesthat are going to be the main buyers of the shares are all keen to have a stakein the new carrier project. Everything from batteries to catapults. It's a bigtask and the Chinese shipbuilding industry is going to need as manystakeholders and investors as it can get."
所有想成为股份主要买家的公司都强烈地想在新航母计划中分得一杯羹，无论是在电池上还是弹射器上。这是一个巨大的工程，因此，中国造船业需要足够的投资者使其能完成它。

Shanghai-listed shares ofChina Shipbuilding, which had been suspended since May pending the announcementof the deal, jumped more than 10 percent on Wednesday morning. The company hasa market value of $10.8 billion.
中国船舶在上海上市的股份曾在5月起暂定买卖，但就在周三上午，该股上涨超过10%，公司已具备108亿美元的市场价值。

Military-related productsaccount for 8.3 percent of China Shipbuilding's income, according to HwabaoSecurities.
根据华宝证券数据显示，军事相关产品占中国造船收入的8.3%。

China currently has oneaircraft carrier, the Liaoning,which was refitted from a Russian-made model. Considered by military experts tobe decades behind U.S.technology, it was originally intended to serve as a floating casino but wasturned to military use in the run-up to a power transition in 2012.
中国目前有一艘由俄制航母改装的航母辽宁号。军事专家认为她的技术比美国要落后几十年。她买来本打算作为一个浮动的赌场，但在2012年转向军事用途。

China has been at oddswith some of its Southeast Asian neighbors over conflicting claims to stringsof islets in the resource-rich South China Sea and Beijing now has the firepower to challengethese rivals.
中国一直在资源丰富的中国南海与东南亚邻国有冲突，北京现在具备着挑战这些邻国的实力。

中国为其海军建设提供国家支持，募集14亿美元
State-backed China Shipbuilding to raise $1.4 billion for naval buildup

原文地址：http://uk.reuters.com/article/2013/09/11/us-china-shipbuilding-idUKBRE98A02L20130911
原创翻译：龙腾

The Dalian ShipbuildingIndustry Co.,Ltd working area is seen at sunrise in Dalian, Liaoningprovince, January 1, 2013.Credit: Reuters/China Daily
大连船舶重工集团有限公司的工作区是在日出在大连看到，1月1日，辽宁省，2013.来自：路透社/中国日报

(Reuters) -State-backed China Shipbuilding Industry (601989.SS) plans to raise up to $1.4billion through a private share sale to buy assets used for building warships,the first time Beijingis tapping the capital market to fund its military expansion.
在国家支持下，中国船舶重工（601989.SS）计划定增募资85亿吸纳核心军工资产，北京首次开拓资本市场，以资助其军事扩张。

The move comes as Chinacreates its own military-industrial complex, with the private sector seentaking a key role, as the country gains a new sense of military assertivenessand deals with a growing budget to develop modern equipment including aircraftcarriers and drones.
此举正当中国创建自己的军事工业复合体，同时该国不断增长的军事自信以及在不断增长的预算之下大力发展包括航母和无人机在内的现代装备都使得私营部门看到自己成为一个关键角色的意义。

China, whose militaryspending is now second only to the United States, has unveiled adouble-digit rise in its 2013 military budget, with spending on the People'sLiberation Army set to rise 10.7 percent to 740.6 billion yuan ($119 billion).
仅次于美国军费开支的中国军费已经在2013年的预算中两位数增长，人民解放军的花费将上升10.7％至7406亿软妹币（1190亿刀）

"The thinking of thosehigh-ranking officials is changing. Military asset securitization, or tappingcapital markets for military expansion, will be the future trend and thefunding scale will also become bigger and bigger," said Wang Hexu, aShanghai-based analyst at Hwabao Securities.
驻上海的分析师汪和煦说：“那些高级官员的思想变化了。军事资产证券化，以及开发军备扩张的资本市场，将是未来的趋势。”

"Now aviation andweaponry may also be the next sectors for asset securitization," he said.
“现在航空和武器装备也可能是资产证券化的下一个行业，”他说。

China Shipbuilding IndustryCo Ltd (CSIC) said it plans to raise as much as 8.48 billion yuan ($1.4billion) by selling up to 2.2 billion shares to as many as 10 selectedinvestors. The investors include two sibling companies, Wuchang Shipbuildingand Dalian Shipbuilding, which are key builders of Chinese warships.
中船重工（CSIC）表示，它计划通过向10个选定的投资者出售2.2亿股筹集约84.8亿人民币（约14亿美元）。

The company, a key supplierto the People's Liberation Army, said it was the first time China was going to the capitalmarket to fund the buildup of its core military.
作为解放军的主要供应商，该公司说，这是中国首次将以资本市场的资金用于其核心军事的发展。

"The deal will expandthe financing channels for China'smilitary defense," China Shipbuilding said in a statement posted on theShanghai Stock Exchange's website. "It would also herald an overallsecuritization of China'smilitary assets."
中国船舶工业在上海证券交易所网站上发布的一份声明中说：“该交易将扩大中国的军事防御的融资渠道，这也预示着中国的军事资产的整体证券化。”

NEW CARRIERS
Beijing last year issued new guidelines aimed at encouraging private investmentin a defense sector traditionally sheltered from competition and publicscrutiny.
去年北京发布了新的指导方针，旨在鼓励私人投资在历来免受竞争和公众的监督的国防部门。

Such investment would bodewell for Chinese military-focused shipbuilders compared with commercialshipbuilders like Rongsheng Heavy Industries Group (1101.HK), which fell to afirst-half loss and has requested financial help from the government.
这些投资是中国重点军事造船企业的好兆头，但相比之下，商业造船企业，如熔盛重工集团（1101.HK），上半年开始亏损，不得不要求政府的财政援助。

China is expected to build one or more aircraft carriers over thenext five to 10 years, with each carrier fleet costing nearly $20 billion,China Shipbuilding said, citing expert forecasts.
“预计中国将在未来的5到10年内，建立一个或多个航母编队，而每个航母编队的造价是200亿美元。”中国造船厂援引专家的预测说。

"CSIC has been rumoredto be one of those that's going to either build, or fit out the newdomestically manufactured aircraft carrier," said Gary Li, a Beijing-basedsenior maritime analyst at consulting firm IHS.
“中船重工一直有传言称，那些将要建造和安装的是一个新的航母。”北京的资深海事咨询公司IHS的分析师加里·李说。

"Some of the companiesthat are going to be the main buyers of the shares are all keen to have a stakein the new carrier project. Everything from batteries to catapults. It's a bigtask and the Chinese shipbuilding industry is going to need as manystakeholders and investors as it can get."
所有想成为股份主要买家的公司都强烈地想在新航母计划中分得一杯羹，无论是在电池上还是弹射器上。这是一个巨大的工程，因此，中国造船业需要足够的投资者使其能完成它。

Shanghai-listed shares ofChina Shipbuilding, which had been suspended since May pending the announcementof the deal, jumped more than 10 percent on Wednesday morning. The company hasa market value of $10.8 billion.
中国船舶在上海上市的股份曾在5月起暂定买卖，但就在周三上午，该股上涨超过10%，公司已具备108亿美元的市场价值。

Military-related productsaccount for 8.3 percent of China Shipbuilding's income, according to HwabaoSecurities.
根据华宝证券数据显示，军事相关产品占中国造船收入的8.3%。

China currently has oneaircraft carrier, the Liaoning,which was refitted from a Russian-made model. Considered by military experts tobe decades behind U.S.technology, it was originally intended to serve as a floating casino but wasturned to military use in the run-up to a power transition in 2012.
中国目前有一艘由俄制航母改装的航母辽宁号。军事专家认为她的技术比美国要落后几十年。她买来本打算作为一个浮动的赌场，但在2012年转向军事用途。

China has been at oddswith some of its Southeast Asian neighbors over conflicting claims to stringsof islets in the resource-rich South China Sea and Beijing now has the firepower to challengethese rivals.
中国一直在资源丰富的中国南海与东南亚邻国有冲突，北京现在具备着挑战这些邻国的实力。