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A-share And B-share Accounts Surge
By Cao Qian |
November 17, 2010, Wednesday
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Print Edition
Print Edition
THE weekly growth of yuan-denominated A-share accounts hit a 15-month high last week in the country, China Securities Depository and Clearing Corp said in a statement posted on its website.
Nationwide, investors opened a total of 564,244 yuan-denominated stock accounts between November 8 and last Friday, up 26.2 percent from the previous week. That was the largest weekly volume since mid-August 2009.
Over the same period, 1,728 foreign currency-denominated B-share accounts were opened, a weekly jump of 21.7 percent.
By yesterday, the Shanghai Composite Index has risen about 20 percent since June 30, mainly on an improved economic outlook and abundant liquidity.
Nationwide, investors opened a total of 564,244 yuan-denominated stock accounts between November 8 and last Friday, up 26.2 percent from the previous week. That was the largest weekly volume since mid-August 2009.
Over the same period, 1,728 foreign currency-denominated B-share accounts were opened, a weekly jump of 21.7 percent.
By yesterday, the Shanghai Composite Index has risen about 20 percent since June 30, mainly on an improved economic outlook and abundant liquidity.
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