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People's Daily Online>>China Business

Investor confidence down, but not out

By Louise Ho (Shanghai Daily)

14:11, January 10, 2012

INVESTOR confidence hit a two-year low in Shanghai in the last quarter of 2011, a survey revealed yesterday, although it was still above the level that would indicate a lack of it.

The Investor Sentiment Index was 108.96, 1.07 points down compared to last year's third quarter, according to a quarterly survey by the Shanghai University of Finance and Economics.

A reading above 100 indicates confidence, below 100 a lack of it.

"The drop in investor confidence was the result of a poor world investment market, a slowing economy in China and low investment returns from the stock market," said Xu Guoxiang, research program leader and director of the university's Applied Statistics Research Center.

Xu said many investors lost money in the stock market and would be more cautious this year.

However, he said that as some shares had become cheaper, that had boosted confidence in the value of stock as an investment.

The Investor Sentiment Index comprises four indices - investment sentiment of entrepreneurs, institutional and individual investors as well as investment environment sentiment.

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