Latest News:  


Chinese investors hope for better in 2013


15:08, January 02, 2013

BEIJING - Chinese investors agonized over underperforming stock markets this year but are hoping for better rewards in 2013 as analysts predict on economic recovery and market reforms.

The benchmark Shanghai Composite Index closed with a 3.17 percent tick-up, rallying 1.61 percent on the last trading day of 2012 to 2269.13 points.

However, the index remained one of the worst performers in the world, compared with Japan's Nikkei 225, which surged nearly 23 percent in 2012, and the Standard & Poor's 500 on Wall Street that saw an increase of more than 11 percent.

Nearly two thirds of netizens surveyed by China's largest portal website as of 4:30 p.m. Monday said they lost more than 5 percent of their stock investment in 2012.

"The stock market had a bullish run on the last day of 2012. I hope it keeps the good momentum and makes up the ground lost in 2013," wrote Xixigongzhu88, a user of China's Twitter-like service Sina Weibo.

Both investors and analysts have complained about anaemic corporate earnings, rampant insider trading and frequent initial public offerings (IPOs) as China's economy slowed for seven quarters consecutively.

But many sense a turnaround next year, expecting the economy to improve and authorities to be more reform-minded.

Nearly 95 percent of people predict the benchmark Shanghai index to remain above 2000 points in 2013 and over 60 percent think it will stand above 2,500, according to the survey, which attracted more than 33,000 participants.

The structural transition of China's economy and the government's focus on urbanization, growth quality and residents' income will produce good returns for stock investors next year, said Tang Hua, investment manager at Bosera Asset Management (International) Co., Ltd..

【1】 【2】

We recommend:

Riding on BJ-GZ high-speed railway

The spending of China's rich

More Chinese cities see home price rise

Santa is coming and China takes a lot more notice

Harbin-Dalian high-speed railway starts operation

Nanjing Yangtze Fourth Bridge to open


Leave your comment0 comments

  1. Name


Selections for you

  1. Navy protects ships from pirates

  2. Weekly review of military photos

  3. Afghan refugees' daily life in Iran

  4. Black-headed gulls come to Kunming

  5. Beijing witnesses 7th snowfall this winter

  6. Top 10 economic events in 2012

  7. Recipe:chicken with sizzling stuff

  8. Apple's biggest headlines, launches, and mess-Ups

Most Popular


  1. Why ‘Chinese style road crossing’ occurs
  2. Time to abandon obsession with theme parks
  3. No grand glory, but plenty to cheer about
  4. Optimism over China's economy surfaces
  5. Internet gaming: 'A winning gamble'
  6. People have right to know what chickens eat
  7. Catchwords in memory in 2012
  8. Why the young Chinese get physically weaker
  9. Why Discover China is popular in the West
  10. The laughter sounds too harsh

What’s happening in China

Black-headed gulls come to Kunming for winter

  1. New measures drafted against online video piracy
  2. Charities' 'full scores' on transparency mocked
  3. Court rejects village official's labor camp appeal
  4. Outdoor restroom collapse kills 2 students
  5. First subway to cross Yangtze opens