Insider trading is major issue
By Louise Ho |
March 3, 2012, Saturday
|
Print Edition
Print Edition
MORE than half of investors in China blamed insider trading for the losses they suffered on the stock market, a survey revealed yesterday.
About 80 percent of respondents lost money on the sluggish stock market in 2011, the survey showed, which was nearly 30 percentage points higher than the survey in 2010.
Sixty-two percent said they suffered losses because there were too many cases of insider trading.
The survey also revealed that 86 percent of new investors, those who started stocks investment last year, suffered losses.
Although the majority of investors lost money in the stock market last year, 40 percent said they will still maintain the same amount of investment this year, a slight increase of 3 percent than the 2010 survey.
The China Securities Investor Protection Fund Corp surveyed 4,746 investors from 50 cities across China from January 1 to 19.
More than 30 percent respondents were aged between 35 and 44 years, while 44 percent held an undergraduate degree.
The monthly income of about 80 percent of the respondents was below 6,000 yuan (US$952).
About 80 percent of respondents lost money on the sluggish stock market in 2011, the survey showed, which was nearly 30 percentage points higher than the survey in 2010.
Sixty-two percent said they suffered losses because there were too many cases of insider trading.
The survey also revealed that 86 percent of new investors, those who started stocks investment last year, suffered losses.
Although the majority of investors lost money in the stock market last year, 40 percent said they will still maintain the same amount of investment this year, a slight increase of 3 percent than the 2010 survey.
The China Securities Investor Protection Fund Corp surveyed 4,746 investors from 50 cities across China from January 1 to 19.
More than 30 percent respondents were aged between 35 and 44 years, while 44 percent held an undergraduate degree.
The monthly income of about 80 percent of the respondents was below 6,000 yuan (US$952).
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