US EUROPE AFRICA ASIA 中文
    China / Education

    College students dabble in stock market

    By Luo Wangshu (China Daily) Updated: 2015-06-30 07:51

    Survey finds about one-third invest, with 20 percent of them opening accounts recently

    As China's stock market has soared since last year, a significant number of college students are piling into the market to practice real life early.

    Xin Jinhong, 22, a sophomore majoring in finance at Tianshi College in Tianjin, entered the stock market midway through last year and invested 12,000 yuan ($1,930).

    "I did not make a big fortune in the stock market - only several yuan. But the process was pretty dramatic. ... I once gained 2,000 yuan in a day but later lost most of it," Xin said, adding that he spent one-third of his leisure time in stock trading, including reading analyses and staring at the index for prompt stock news.

    "Buying stock is like adult life. I've experienced ups and downs," said Xin, adding that he entered the market to gain a rich and diverse life experience. "I had good and bad moments."

    He described his stock market experience as "practicing post-graduation life early" and said he would continue doing it "as a hobby, not a career".

    China's stock market hit a seven-year high on June 5 as the benchmark Shanghai Composite Index rose above 5,000.

    Daily trading value has repeatedly exceeded 1 trillion yuan, according to data from the China Securities Depository and Clearing Corp. In March, investors opened 4.18 million new trading accounts, followed by another 1.6 million in the first week of April.

    A random survey of 300 university students in May found that 33.2 percent of respondents invested in stocks. The survey was conducted by a Chinese university media association.

    Among those who invested, 20 percent had opened new trading accounts in the past six months, the survey found.

    Knowing the market

    University students tend to be knowledgeable or somewhat knowledgeable about the stock market, the survey found. It listed 10 stock-relevant terms to test student investors' stock knowledge and found that about 20 percent understood all the terms; 28 percent knew one to three terms; and 12.5 percent understood none.

    Additionally, 47 percent of the respondents knew how to read the candlestick charts often used to describe the price movements of a security or currency. About 27 percent of them were not able to read the chart.

    Chen Panpan, 23, a junior at Shandong Agricultural University, practiced for about eight months before entering the real stock market in March.

    "I wanted to have some personal experience before actually making an investment," the native of Zhejiang province said, adding that although widespread reports said people bragged about making a big fortune in certain stocks, he felt he needed to learn first.

    Chen bought 10,000 yuan of stock at the beginning and tripled his money. He now has about 30,000 yuan in his trading account.

    "I wanted to learn new ways to invest and better manage my money in the future," Chen said of his motivation for entering the market.

    More than money

    "I was pretty occupied at the beginning," Chen said. "The market opens at 9:30 am, and I started to stare at the screen at 9, paid attention to every detail of the fluctuation, sold out in two to three days and changed to another share.

    "My emotions swung with the share fluctuations," he added. "In March, I bought in a share of a company that plunged on the following day and cost me 2,000 yuan. I was very upset. But on the third day, it bottomed out. I was very moody then."

    He said he is much more able to control his emotions now.

    "Maybe I am getting used to the ups and downs now. The stock market is not in my control. It will not rise because I cared, was devoted, worried or upset," he said.

    Now, Chen sells and buys every two to three months and looks at the market index for about 20 minutes a day. He also pays attention to financial policies.

    College students dabble in stock market

    "I've learned my lesson and do research. I think this is the best way for nonprofessionals like me to invest in the stock market," he said.

    "I will continue to invest in the stock market, not bet all my money in it but maybe half, for a possibly higher return."

    Chen said that many of his college friends show interest in the stock market, but few of them actually take action.

    Schools' attitude

    Schools generally take no stance regarding their students' participation in the stock market.

    Asked about student involvement, faculty members at Renmin University of China, a school with strong financial programs, said they didn't take notice.

    "Schools do not interfere with students' personal choices. No particular guidance is ever provided," according to a staff member who works closely with students at Central University of Finance and Economics, a university with a strong reputation for its financial programs.

    luowangshu@chinadaily.com.cn

    (China Daily 06/30/2015 page8)

    Highlights
    Hot Topics
    ...
    久久男人Av资源网站无码软件| 无码人妻少妇久久中文字幕 | 中文字幕免费视频| 无码无套少妇毛多18PXXXX| 一本无码中文字幕在线观| 无码人妻久久一区二区三区免费| 人妻无码中文久久久久专区| 精品成在人线AV无码免费看| 特级做A爰片毛片免费看无码| 超清无码无卡中文字幕| 精品久久久无码中文字幕| 亚洲AV永久无码精品| 日本中文字幕高清| 91中文在线视频| 一级毛片中出无码| 久久激情亚洲精品无码?V| 亚洲AV成人无码久久精品老人| 亚洲欧美精品综合中文字幕 | 日韩精品无码永久免费网站 | 国产精品ⅴ无码大片在线看| 中出人妻中文字幕无码| 无码夫の前で人妻を侵犯| 中文字幕一二三区| 中文字幕在线看视频一区二区三区 | 亚洲成AV人片在线观看无码| 高清无码v视频日本www| 在线亚洲欧美中文精品| 最近更新中文字幕在线| 色综合久久综合中文综合网| 久久精品中文无码资源站| 最近2019中文免费字幕在线观看| 亚洲人成无码网WWW| 亚洲精品无码av天堂| 亚洲.欧美.中文字幕在线观看| 天堂无码久久综合东京热| 亚洲成av人片在线观看天堂无码| 18禁裸乳无遮挡啪啪无码免费| 国产羞羞的视频在线观看 国产一级无码视频在线 | 国产精品亚洲w码日韩中文| 最近中文字幕大全中文字幕免费| 久久五月精品中文字幕|