久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Markets

Market frenzy leaves investors cautious

By CHEN JIA (China Daily) Updated: 2015-05-11 08:20

Even seasoned market investors are starting to pull away from the frenzy surrounding China's stock market.

Zhao Qiuhai has been a freelance trader for 10 years and lives in Shanghai's Jing'an district. In March, he became so concerned about the A-share market, he decided to sell 80 percent of his stocks even as the bull run continued.

"I always tell myself that the stock market is risky," Zhao, 35, said. "It's certainly more risky for retail investors like me."

One of the biggest problems for small investors is "information asymmetry". This is market parlance for certain relevant information that is known to companies or traders, but not to all parties in a market transaction. In plain language this can result in insider trading.

On Jan 16, the market watchdog announced it was suspending the margin trading business of Citic Securities. Margin trading involves buying and selling currencies, commodities or other trading vehicles using credit. Margin trading allows the trader to leverage their funds to increase returns.

The China Securities Regulatory Commission said Citic Securities had violated trading rules by excessively expanding its margin trading business.

After the market watchdog's announcement, the financial firm's stock price dropped by the 10 percent daily trading limit for two consecutive days, finishing up at 26.69 yuan ($4.3) on Jan 17.

As a Citic Securities shareholder, Zhao said he lost nearly 50,000 yuan as the stock price plunged. "I tried to complain about my losses, but it is difficult to find an easy way," Zhao said. "Staying away from the market when it becomes irrational is the best way to save your money."

Despite this setback, his small stock portfolio is looking healthy. Zhao's "blue chip" stocks on the Shanghai Composite Index have jumped more than 20 percent since March. But then the market has climbed by 60 percent in the past five months.

Despite the rampaging bull run, Zhao was happy to cash out 80 percent of his investments.

"I felt the time was right to sell," Zhao said. "I couldn't wait any longer. I saw more retail investors without any trading experience rushing to open new accounts. The market is heading in a irrational way."

Even so, Zhao was happy to pass on his market knowledge to his 25-year-old niece, Yang Xi, who has just graduated from University of Birmingham in the United Kingdom.

"She consulted me about stock buying tips," Zhao said. "But I tried to persuade her to invest later. Of course, most of her Chinese friends are starting to become interested in stock investments. But I believe there will be a market correction soon."

"I have become more cautious," he said. "I think retail investors are a disadvantaged group compared with institutional investors," said Zhao.

Zhao is not alone in his concerns about the runaway market. The Japanese brokerage Nomura Securities said that "the A-share market now shows signs of bubbliness".

"Beware of short-term trading frenzy", Wendy Liu, an equity market analyst at Nomura Securities, wrote in a research note.

"This year marks the start of an expected three-year bull market in Chinese equities, which we believe will be underpinned by effective structural reform and economic rebalancing, with macro policy cushioning risks to the downside."

Hot Topics

Editor's Picks
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    综合久久给合久久狠狠狠97色| 日本一区二区三区久久久久久久久不 | 一区二区三区高清在线| 91黄色免费观看| 亚洲综合无码一区二区| 欧美精品第1页| 久久成人羞羞网站| 国产欧美综合在线| 91国产精品成人| 青青草97国产精品免费观看无弹窗版| 日韩精品专区在线影院重磅| 国产99精品在线观看| 亚洲欧美国产高清| 9191成人精品久久| 国产成人在线看| 一区二区三区在线观看国产| 欧美精品日日鲁夜夜添| 国产乱人伦精品一区二区在线观看| 国产精品情趣视频| 欧美影院一区二区三区| 久久精品国产秦先生| 中文字幕av一区二区三区免费看| 一本一道波多野结衣一区二区| 秋霞午夜鲁丝一区二区老狼| 国产无人区一区二区三区| 色www精品视频在线观看| 日本美女视频一区二区| 欧美高清在线视频| 欧美日韩激情在线| 国产精品一区二区三区四区| 一区二区久久久| 精品国产成人系列| 一本大道av一区二区在线播放| 日本视频在线一区| 综合电影一区二区三区| 日韩欧美国产三级| 99国产精品久久久久久久久久久| 日本中文字幕一区| 亚洲欧洲日韩在线| 日韩精品一区二区三区四区| 91免费版在线| 九色综合狠狠综合久久| 亚洲乱码国产乱码精品精的特点 | 国产不卡在线视频| 亚洲成a人v欧美综合天堂| 久久精品欧美日韩精品| 欧美日韩二区三区| 懂色av中文字幕一区二区三区| 五月天久久比比资源色| 欧美激情一区二区三区| 91精品婷婷国产综合久久| av不卡一区二区三区| 精品一区二区三区免费毛片爱| 一区二区三区**美女毛片| 国产欧美日韩综合精品一区二区 | 国产精品日产欧美久久久久| 日韩一区和二区| 在线亚洲一区观看| 成人天堂资源www在线| 轻轻草成人在线| 亚洲五月六月丁香激情| 国产精品日产欧美久久久久| 欧美不卡在线视频| 欧美日韩不卡一区| 91麻豆精品秘密| 成人白浆超碰人人人人| 九色综合国产一区二区三区| 日韩在线播放一区二区| 亚洲女同ⅹxx女同tv| 久久久久九九视频| 日韩视频一区在线观看| 欧美视频一区二区| 日本道免费精品一区二区三区| 懂色av一区二区在线播放| 狠狠网亚洲精品| 日本不卡一二三| 亚洲午夜在线电影| 亚洲精品视频观看| 国产精品网站在线播放| 亚洲国产视频直播| 国产精品乱码一区二区三区软件| 2023国产精品| 日韩欧美一级片| 6080国产精品一区二区| 欧美调教femdomvk| 91麻豆国产在线观看| 99精品偷自拍| 波多野结衣视频一区| 国产乱码精品一区二区三区av | 蜜桃一区二区三区在线| 丝袜国产日韩另类美女| 亚洲小少妇裸体bbw| 亚洲宅男天堂在线观看无病毒 | 亚洲男同性恋视频| ...中文天堂在线一区| 国产精品乱码妇女bbbb| 欧美激情在线看| 国产精品视频一二| 国产三级精品视频| 国产午夜精品福利| 欧美国产精品中文字幕| 欧美国产一区视频在线观看| 亚洲国产精品av| 国产精品免费观看视频| 最好看的中文字幕久久| 亚洲天堂2014| 亚洲精品乱码久久久久久 | 性感美女久久精品| 五月婷婷综合激情| 琪琪久久久久日韩精品| 精品一区二区久久久| 韩国成人精品a∨在线观看| 国产原创一区二区| 成人免费观看视频| 93久久精品日日躁夜夜躁欧美| 91污片在线观看| 欧美性极品少妇| 欧美日韩视频在线一区二区| 91麻豆精品国产91久久久 | 国产精品第四页| 亚洲欧美日韩小说| 亚洲国产综合在线| 青青草原综合久久大伊人精品优势| 玖玖九九国产精品| 国产精品一区二区91| 99精品久久久久久| 欧美在线三级电影| 欧美一级国产精品| 国产午夜亚洲精品午夜鲁丝片 | 中文字幕在线观看一区二区| 亚洲人xxxx| 午夜av区久久| 激情综合网av| 99免费精品视频| 欧美性猛交xxxxxx富婆| 日韩视频免费观看高清完整版 | 欧美自拍丝袜亚洲| 制服丝袜在线91| 久久先锋资源网| 亚洲日本一区二区三区| 天涯成人国产亚洲精品一区av| 精品一区二区三区免费播放| bt欧美亚洲午夜电影天堂| 欧美在线视频不卡| 精品盗摄一区二区三区| 国产精品久久久久久久久免费丝袜| 亚洲国产一二三| 国产一区二区三区在线观看免费视频| 99久久久免费精品国产一区二区 | 国产清纯美女被跳蛋高潮一区二区久久w | 麻豆国产精品视频| 国产大陆a不卡| 欧洲一区二区三区免费视频| 日韩一区二区在线看| 国产精品少妇自拍| 日韩精品成人一区二区三区 | 色综合色狠狠综合色| 91精品久久久久久久91蜜桃| 欧美国产激情一区二区三区蜜月| 亚洲成av人片在线观看| 国产盗摄一区二区| 欧美日韩免费观看一区二区三区| 久久先锋影音av鲁色资源网| 亚洲在线一区二区三区| 国内精品免费**视频| 91成人免费电影| 国产亚洲女人久久久久毛片| 亚洲电影在线播放| 国产激情一区二区三区四区| 欧美日韩在线播放三区| 国产偷国产偷亚洲高清人白洁| 午夜欧美在线一二页| 成人午夜视频网站| 欧美一级免费大片| 亚洲日本护士毛茸茸| 国产制服丝袜一区| 欧美视频一区在线| 国产精品乱人伦| 激情欧美一区二区| 欧美午夜影院一区| 国产精品日韩精品欧美在线| 蜜桃一区二区三区在线| 91成人网在线| 国产精品伦理一区二区| 捆绑调教一区二区三区| 欧美在线观看视频一区二区三区| 中文乱码免费一区二区| 老司机精品视频导航| 欧美色网一区二区| 亚洲欧洲在线观看av| 国产一区二区在线观看免费| 91超碰这里只有精品国产| 亚洲色图自拍偷拍美腿丝袜制服诱惑麻豆 | 精品在线视频一区| 欧美三级资源在线| 亚洲欧洲日韩av| 国产精品18久久久久久久久| 欧美一区在线视频| 亚洲va欧美va天堂v国产综合| 97精品视频在线观看自产线路二|