Analysts warn China’s retail investors over share-buying stampede
Individual investors, some of them first-timers who rushed to set up trading accounts during a recent rally in Chinese stock markets, are taking huge risks if they buy shares now in hope of a bull market, commentators have warned.
Analysts have warned in recent days that the recent rallies in Shanghai, Shenzhen and Hong Kong on expectations of a fiscal stimulus package from Beijing are highly risky for individuals trying to maximize the value of their life savings.
A Beijing stockholder who gave only the nickname Wang Cong said he was among those who rushed back into the market as shares started to rally following an initial package of economic stimulus measures announced on Sept. 24.
But retail investors were soon left high and dry, as markets plunged following a news confere...