A survey found that 56% of Chinese investors are learning as they go along when comes to putting money into the stock market, AP reported. The results of the survey of 2,500 households conducted by ChinaHR.com were described as "worrisome." More than 90% of respondents said friends or relatives had invested in the market and 46% said they had opened their own trading accounts. Whilst not scientific, the results offer a glimpse into the investor enthusiasm that has that lifted the benchmark Shanghai Composite Index more than 50% this year – after surging 130% last year. The survey found that investors turn to stocks due to low bank interest rates and the ease of trading stocks over the internet. Officials have said they would crackdown harder on insider trading abuses, including trading bans of up to one month for investors under investigation with insider trading.
Categories