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��Home>>Business
Stockholders expected to exceed 100M
www.chinanews.cn 2007-05-29 17:06:47
Chinanews, Beijing, May 29 �C As Chinese stock market enters into a
bullish period, more and more Chinese people plunge into the market to
become stockholders. Statistics show that by May 28, the number of stock
account holders in Chinese stock market had exceeded 100 million and
total market capitalization in Shanghai and Shenzhen stock markets hit
18.44 trillion yuan, the Legal Evening News reported.
However, an analyst pointed out that the figure didn��t mean that 100
million Chinese people are trading stocks.
��Such number reflects the total number of stock account holders in the A
and B share market in Shanghai, as well as in the A and B share market in
Shenzhen. In addition, it also includes fund buyers and institutional
investors. In regard to individual investors, one individual investor can
have two accounts, one in Shanghai and one in Shenzhen. Some investors
might even have three accounts, one in the A-share market, one in the
B-share market and one for funds trading. So, the actual number of
account holders in the stock market might be less than 50 million,�� said
Wen Guisheng, a finance analyst at Xinshidai Securities Co., Ltd.
According to insiders, 100 million stock account holders means that apart
from institutional investors, one in every ten Chinese people will be a
stockholder. Although such percentage point is still far from the average
point in some developed countries (where 50% of the people are
stockholders), it still indicates that the large number of new
stockholders will further boost the development of Chinese stock market,
they said.
��Stock index might touch 6,000 points next year
��60% stockholders expect risks in current stock market
��Chinese stock market can realize sustainable development, expert
��Chinese more concerned about society in stock trading fever
��Bubbles in stock market are inevitable, expert
��Not all Chinese plunge in stock market, official
��China allows overseas stock exchanges to establish offices
��Stock market value exceeds domestic deposit balance in China
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