[photopress:stock_exchange_investors.jpg,full,alignright]The booming stock market has its downside. An increasing number of college students are investing in stocks and hoping to cash in on the booming market.
Wang Xuming, a spokesman with the Ministry of Education, said at a press conference the ministry does not encourage college undergraduates to play the stock market. Basically this is because the students typically have no fixed income and most of their capital comes from their parents. Media reports said organizations relating to the stock market have been set up in some universities.
After four years in the doldrums, China’s stock markets began to rebound at the beginning of 2006, with the benchmark Shanghai Composite Index nearly doubling in a year.
The number of new trading accounts opened by individuals in the Chinese mainland’s two bourses reached five million in the first quarter of this year, compared with 3.08 million for the whole of last year.
The China Securities Regulatory Commission warned people about the risks of share investments in a notice issued this month.
Source: Shanghai Daily