Chinese investment intentions weakened in second quarter: index

21:20, July 02, 2010      

Email | Print | Subscribe | Comments | Forum 

Chinese investors turned cautious in the second quarter of 2010 amid equity market fluctuations and government tightening measures designed to cool property market speculation, an index indicated Friday.

The ICBC Investment & Wealth Management Index fell 7 points to 109 in the second quarter, with urban residents' investment intentions swinging to "neutral" from "relatively strong."

The index is compiled by the Industrial and Commercial Bank of China (ICBC), China's largest lender, and consultancy firm The Gallup Organization.

The index's "Macro Environment Confidence" sub-index lost ground for the second straight quarter with a drop to 112, indicating city residents' increased concern about the overall economy and diminished confidence in investing compared with the first quarter.

The "Living Expectations" sub-index fell 6 points to 121 in the April-June period.

The "Investment Wish" sub-index slipped to 97 from 102 in the first quarter, implying that urban residents are putting less time and money into investing.

China's benchmark stock index, the Shanghai Composite Index, plunged 26.8 percent in the first half of the year while the Shenzhen Component index slumped 31.48 percent.

Only 8.2 percent of Chinese investors profited from equity markets in the first half the year, according to a online poll conducted Thursday.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Supporters of Iran cheer for the team during the semifinal between Iran and South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • Yung-Suk Shin of South Korea (Back) spikes the ball during the semifinal against Iran at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. South Korea lost 1-3. (Xinhua/Ahmad Halabisaz)
Hot Forum Discussion