Chinese Investors in Share-Buying Frenzy – Jamil Anderlini and Geoff Dyer

From Financial Times:

Chinese retail investors are opening new share trading accounts at a faster rate than ever before, in spite of increasing signs of a bubble in the mainland market.

In the last week alone, more than 1m new accounts have been opened, taking the total for the last four months to more than 10m – greater than the previous four years combined.

The wave of new money has led the Shanghai and Shenzhen markets consistently to hit record highs, having bounced back from an 8.8 per cent correction on February 27, which many blamed for a global sell-off.[Full Text]

April 18, 2007 8:10 PM
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Categories: Economy