Stocks Soar in Shanghai
Aggregated Source: China ChallengesThe Standard reports:
Twelve years ago, people were swept up in a craze over the skyrocketing Shanghai stock market. Today, mainlanders are into another equity mania: people borrow money or even sell their houses to speculate, Beijing Business Today reported.
"The stock market at the moment remains very bullish. There are ample chances to invest. Making money from the equity market is not difficult at all," the report quoted Liu, a retail investor who refused to give his full name, as saying.
"While deciding which stocks to pick, remember to buy stocks that have at least 20 percent growth. Yet, do not buy stocks that have 200 percent growth as their room to grow is very limited," Liu said. He added it was not difficult to raise capital for the initial investment.
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