The regulatory environment in Beijing is hard to gauge and enforcement of securities law is haphazard.

北京的管制环境很难衡量，而证券法的执行也显得很随便。

youdao

At the end of 1991, the securities trade center of Beijing began to deal with Repo trading.

1991年底，北京证券交易中心首次开办国债回购业务。

youdao

"The interest rate rise is entirely outside of market expectations," said Zhu Jianfang, chief economist at CITIC Securities in Beijing.

北京中信证券首席经济学家诸建芳表示，本次加息完全出乎市场意料。

youdao

Sales growth probably was driven in part by price cuts, which will squeeze profits, said Zhang Xin, an industry analyst at Guotai Jun'an Securities in Beijing.

NPR: China's March Auto Sales Up 13.3 Percent

"It costs automakers about the same to manufacture a hybrid versus an SUV so it's not profitable for them to pursue green cars given the market development for SUVs right now, " said Zhang Xin, an analyst at Guotai Jun'an Securities, based in Beijing.

CNN: SUVs, luxury cars dominate Beijing Auto Show

The switch may accelerate the plans of Morgan Stanley's Shanghai-based joint venture, Morgan Stanley Huaxin Securities, to add offices in Shenzhen and Beijing, one of the people added.

WSJ: China's Rarest Bankers: 'Sponsors'