1/4
"China’s stock market is driven by its 219 million individual investors. They accounted for around 60% of trading volumes in the country last year, compared with the less than one-fifth of volumes represented by small investors in the U.S."
wsj.com
"China’s stock market is driven by its 219 million individual investors. They accounted for around 60% of trading volumes in the country last year, compared with the less than one-fifth of volumes represented by small investors in the U.S."
wsj.com
2/4
They get a bad rap, however: "Some market participants think fewer individual investors could be a good thing for the market. China’s small investors have developed a reputation over the last decade for being gamblers, prone to excesses of hope and fear."
They get a bad rap, however: "Some market participants think fewer individual investors could be a good thing for the market. China’s small investors have developed a reputation over the last decade for being gamblers, prone to excesses of hope and fear."
3/4
That's more than a little unfair. In a non-transparent market with limited and questionable macroeconomic information, low quality financial statements, weak corporate governance, an unpredictable regulatory framework, regular currency, interest-rate and credit...
That's more than a little unfair. In a non-transparent market with limited and questionable macroeconomic information, low quality financial statements, weak corporate governance, an unpredictable regulatory framework, regular currency, interest-rate and credit...
4/4
interventions, and shifting rules of the game, it is difficult for investors, whether retail or institutional, to behave in anything other than speculative ways. Institutional investors have been no less speculative than retail investors.
ft.com
interventions, and shifting rules of the game, it is difficult for investors, whether retail or institutional, to behave in anything other than speculative ways. Institutional investors have been no less speculative than retail investors.
ft.com
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