Individual Investors Flock to Booming China Shares – Reuters
From Reuters via the Washington Post:
Sitting on worn plastic chairs in a downtown Shanghai brokerage hall, more than a hundred people in their 50s and 60s trade rumors, stare at electronic boards displaying prices, or just get on with their knitting.
“I like to come here every day. I regard this as my new office,” said Madame Zhou, who retired two years ago and has recently put 20,000 yuan ($2,545) in the stock market, roughly the annual disposable income of an average Shanghai resident.
Zhou, who knits when no fast-rising stock takes her fancy, is part of a major shift in China’s financial world — the return of individual investors to the equity market.[Full Text]