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More Chinese to Join B-stock Trading
Financial experts believe that B-stock trading will be a major means for Chinese citizens to make earnings from foreign exchange, as China recently published a notice allowing citizens to engage in B-stock trading.
The analysis is based upon the fact that the Chinese economy has developed rapidly, that its financial sector has speeded up its opening to the outside, and that Chinese citizens have considerably more foreign exchange in their hands.
Taking the Shanghai branch of the Bank of China as an example, foreign exchange savings exceed US$5 billion at present, compared with only US$60 million in 1987.
However, savings will still be the main method of earning profits on foreign exchange, as they involve little risk, the experts said, advising stock traders to better acquaint themselves with basic stock knowledge and to follow closely changes in financial markets at home and abroad.
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