More Chinese hold securities, fund products
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E-mail Xinhua, June 25, 2011
Faced with rising inflation, more Chinese are investing in securities and fund products despite the poor performance of the country's stock markets recently, according to the China Securities Depository and Clearing Corp. (SD&C).
Investors opened about 203,400 securities accounts for trading on Shanghai and Shenzhen stock exchanges while opened 64,200 accounts for fund products last week, according to SD&C.
SD&C's latest statistics show that last week transactions were made through 10.32 million A-share accounts, or 6.55 percent of the total.
The number of investors who opened and held their portfolio positions climbed to the highest level of 57.27 million last week.
By the end of last week, the number of securities accounts totaled 160.1 million in China.
