Meet with Expert

Monday, May 28, 2007

Today 100 million Chinese are trading Share

China stock accounts has exceeded 99 million weeks ago. It is reported, every day new accounts openned are more than 300,000 people, according to the cumulative rate, today it breaks 100 million mark. Thanks to the benign environment, people are becoming richer.

Stock market skyrocketed, the people involved in the stock market this year are also enthusiastic with a sustained manner. Since January this year alone, the new accounts as high as 20 million, that is, the market is as high as 20% of total people involved in the trend.

How many more people can pull into the bubble, and how high index can it go. Shanghai index now is 4,300, not long ago it was 1,000. Some expert claims reaching 6000 is not a dream in 2008. But in reality, it is very unlikely more capital can be invested into the market.

Actually, 1.3 billion people play with 1,300 shares. Sounds not a surprise why share index can rise that fast.