Billions Moving into Chinese Stocks
Filed in archive Stocks on May 15, 2007
The average Chinese Joe is moving his money - from savings deposit accounts to the stock market, according to the Chinese News Service Xinhua. Over $1 billion U.S. worth of Chinese currency was transferred from savings accounts to stocks last month alone. In the last four months the figure is closer to $9 billion U.S.
While China's stock markets are bullish (and have been for some time now) the China Securities Regulatory Commission (CSRC) is concerned that private investors in China don't fully understand the risks involved in investing in the stock market. The CSRC is trying to get finance industry workers to help educate investors on those risks. In the mean time, investment by private individuals in China continues to push stock prices up.
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Tags: stock market china 2007 venture great+wall venture+capital chinese+stocks
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