Reported about 13 hours ago
Chinese savers, holding $23 trillion, are increasingly turning to stocks as other investment options like bonds, cash, and real estate offer lackluster returns. The CSI 300 Index has seen over a 25% increase since April, largely fueled by foreign investments and local institutional support. With savings accounts yielding as low as 0.05% and real estate demand stagnant, many small investors are now looking to enter the stock market, despite the hurdles of capital controls and taxation that limit foreign investments.
Source: YAHOO