三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Markets

Raging bull on the rampage in China's markets

(Xinhua) Updated: 2015-04-18 17:02

BEIJING - Mao Yuhui, a Beijing civil servant, did not buy the new Corolla as planned when he got lucky in Beijing's car plate lottery. An incautious man, he put all his money into the Chinese stock market.

"The stock market is so hot, maybe in two weeks I can buy a Camry instead," he said. Mao invested 90,000 yuan ($14,500) and expects to double his money. As of Thursday he was 20,000 yuan to the good.

Mao is one of millions of Chinese investors clinging to a rocketing market. All this week, the Shanghai Composite Index has set new high after new high. From April 7 and April 10, more than 1.68 million new accounts were opened in the A-share market. On April 12, a ban on multiple accounts was lifted, so each investor can now have up to 20 accounts.

The number of investors exceeded the capacity of the market data system. China Securities Depository and Clearing Corp Ltd reported delays in processing digital certificates on Tuesday, and many new investors, desperate to join the feeding frenzy, failed to have their accounts approved.

Chinese stock market started rising rapidly in 2014 when it grew by 50 percent -- the fastest growth in Asia. This year has been no different with Shanghai climbing by over 25 percent so far and Shenzhen by about half as much.

The madness comes as quite a surprise, and a worry. China's GDP growth in the first quarter was a mere 7 percent, down from 7.3 percent in last year's fourth quarater. A stock market rising so precipitously against such an economic background should set alarm bells ringing. There is much talk of bubbles and risk.

Xiao Gang, chairman of the China Securities Regulatory Commission, warned on Thursday that new investors who lack experience of market turbulence should stay calm, and fully evaluate the risks of investment. "Don't follow blindly like sheep," he advised.

Stock market veteran Zhao Shucheng has bitter memories, shared by many investors, of 2007 and 2008 when the Shanghai Composite Index crashed from 6120 to 1665. Zhao lost about 200,000 yuan.

"We had a joke about the stock market at that time: you drive in with a Mercedes-Benz and walk out with nothing," Zhao said as he watched a screen in a stock trading hall in Beijing's Xicheng district. Unlike Mao Yuhui, he only invests one third of his money and is ready to sell at any time.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产亚洲欧美在线播放网站 | 九一视频在线免费观看 | 国产精品喷水在线观看 | 精品久久伦理中文字幕 | 强开小嫩苞一区二区三区l 婷婷丁香色综合狠狠色 | 日本国产免费一区不卡在线 | 大美女香蕉丽人视频网站 | 美女批日起爽在线观看 | 亚洲第一视频在线观看 | 日韩亚洲在线观看 | 欧美一区欧美二区 | 国产精品免费拍拍1000部 | 久久成人在线 | 亚洲欧美日韩国产综合高清 | 日本aa在线观看 | www在线观看免费视频 | 小馒头刚发育在线播放free | 一级黄色视 | xxxxx爽日本护士在线播放 | 国产三级在线观看a | 一级全黄男女免费大片 | 日韩欧美中文字幕在线播放 | 日韩第四页 | 夜恋全部国产精品视频 | 国产中文字幕在线 | 亚洲a级毛片 | 在线成年视频免费观看 | 国产精品二区高清在线 | 麻豆国产成人精品午夜视频 | 亚洲精品日韩一区二区日本 | 色婷婷综合久久久久中文一区二区 | 国产成人一区二区在线不卡 | 手机在线看片国产日韩生活片 | 欧美日本韩国一区 | 亚洲精品国产综合一线久久 | 国产精品1区2区3区在线播放 | 一级毛片私人影院老司机 | 国产综合久久一区二区三区 | 成人在线视频网站 | 免费特级毛片 | 国产精品国产午夜免费福利看 |