ecns [expanded by feedex.net]: CSRC warns investors on stock market risks

ecns [expanded by feedex.net]

ecns

CSRC warns investors on stock market risks
http://www.ecns.cn/business/2015/04-29/163524.shtml
Apr 29th 2015, 00:26





Sharp rise seen in new accounts amid sustained bull run


China's stock market regulator on Tuesday warned investors that there are still risks in the market, despite the recent sustained bull run.


The China Securities Regulatory Commission (CSRC) published a statement on its website on Tuesday saying that smaller investors who are new to trading on the stock market should pay close attention to potential risks, rather than just blindly following the trend.


China's A-share stock market has risen strongly in recent months, with the Shanghai Composite Index having surged by over 39 percent so far this year to seven-year highs, and this has encouraged a large number of people to open new accounts and start investing for the first time.


The number of new stock accounts reached 7.95 million in the first quarter, 433 percent more than in the same period of 2014, said the statement, citing data from the China Securities Depository and Clearing Corporation, the country's clearing services for all transactions in the A-share market.


"The market regulator's warning is due to the recent over-excitement among investors, which has led to higher risks," Yang Zhicheng, director of Shanghai Junsheng Asset Management Co, told the Global Times on Tuesday.


"The ongoing comprehensive reforms provide a better stock market environment for investors," Yang noted, adding "Government policies do not necessarily favor every industry, and there is too much margin trading in the stock market, which has made valuations unreasonably high."


"The current stock prices are obviously too high, and the CSRC needs to give warnings so as to avoid a market collapse," Yu Haihua, an investment advisor at Great Wall Securities Co.


Yang suggested that investors could give their money to professional institutions to manage their investments.


Daily turnover on the Shanghai and Shenzhen stock exchanges has frequently exceeded 1 trillion yuan ($161.12 billion) since March.


"The trading volume has reached a level that is too high, though it is hard to say what kind of trading volume would be appropriate," Yang said.




Foreign investors start to fear China's stock market bubble




Chinese investors most willing to increase stock holdings, survey finds




Regulator targets stock manipulation, insider trading




21-year-old student fascinated with stock market for 8 years




Chinese bull market breeds 'stock widows'




Number of Chinese individual stock investors totals 100 million
2015-04-23




Drastic streamlining for SOEs


Putin slams West for attempting to distort WWII history


'Coolest toilet' in Chongqing looks like a castle


Shanghai, Pyongyang linked with regular flights


Shanghai tops for disposable income spend


25 dead, 383 injured in Tibet following Nepal earthquake


50,000 Vietnamese 'wives' not legally married in China


China to bring more citizens home from Nepal


Assistance reaches Chinese in Nepal






ShareX





bSync




Sina Miniblog




QQ Miniblog





Renren


Sohu Miniblog


Kaixin001


QQ Friends


IFeng MB


Facebook


Tianya




Qzone


Douban


Baidu Hi


Netease MB


Email


Twitter


Copy URL





More... (133)


bShare







You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt