May 25 2007
Chinese love a great education
By Jamil Anderlini in Hong Kong Published: May 25 2007 03:00 | Last updated: May 25 2007 03:00
The Chinese government yesterday made a fresh attempt to reduce the dangers of a stock market bubble by urging investors and securities brokerages to raise the level of “investor education” and consider the risks of stock speculation.
The market barely heeded the warning, made through state-controlled media, and the benchmark Shanghai Composite index ended the day down 0.54 per cent at 4,151.13 points after setting record highs every day this week.
The combined turnover of the Shanghai and Shenzen exchanges was a record $49.5bn. .. .. ..
Think anyone would heed the advice? Would traders lining up for Woodie now in China?