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Shanghai Citizens Rational Toward B-Stock Trading
Shanghai residents, though enthusiastic, have remained rational toward B-stock trading.
Statistics from the local branch of Industrial and Commercial Bank of China show that only 4.78 percent of its total foreign exchange savings held by individuals were transferred into the B- stock market before the market opened last Tuesday.
Saving rates for foreign currencies are still higher than that for the Chinese yuan, while B-stock trading is risky.
Meanwhile, reports show that foreign exchange trading remained active for the past few days, meaning that this investment mode still has the favor of many individuals.
However, experts in the circle are quite sure that along with the growing B stock market, and with the transfer channel between banks and stock markets becoming smoother, more capital will flow into the stock market.
With no immediate lucrative opportunities, foreign exchange capital is also likely to flow back to banks, they said.
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