More Investors Open Accounts
By Wang Weini |
April 1, 2010, Thursday
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Print Edition
Print Edition
INVESTORS opened 432,897 accounts to trade yuan-denominated shares on the Chinese mainland last week, the most in four months, after rising inflation threatened to erode savings.
The number of new accounts has increased for five straight months to the highest level since the week ended November 27, according to the China Securities Depository and Clearing Corp.
China's inflation rose 2.7 percent in February, exceeding the 2.25 percent interest rate that banks pay on one-year savings.
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