Institutions Flock into China's Booming Stock MarketChina's profitable stock market, which has been on a bullish run ever since the year beginning, has lured a flurry of institutional investors to jump into it.Statistics from the Shanghai and Shenzhen stock exchanges show by the end of July, the registered institutional investors reached 356,700, a precipitous 26.5 per cent rise from the end of last year's 282,000. The rapid growth of institutions testing their fortune in securities, experts said, is owing to the central authorities' favourable policies which encourage the institutions to invest in shares. Since the beginning of the year, China's State Securities Regulatory Commission, the stock market watchdog, has allowed the state-owned enterprises (SOEs) and the insurance companies to invest in stock market. At the same time, the number of individual investors also rise from last year's 44.43 million to 52.1 million by the end of July. |
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