In China, stock market fever is in full swing

As you know, the New York Stock Exchange has tightened the rules for entering the stock exchange, so that the exchange madness of the dot-com boom times is unlikely to happen again. But there is a country that completely missed the "first wave", but now it is more than making up for the lost. This is China. Quotes of Chinese Internet companies are growing by leaps and bounds. At the largest in the country, the Shanghai Stock Exchange now one IPO follows another. Some Chinese sell their property, just to have time to invest in dot-com shares. This year (January-April) the market has grown by 50% , and over the last year - by 130% .



In April alone, 4.79 million new trading accounts were opened on the exchange. This is more than the previous two years. According to experts, more than 90 million Chinese have already been involved in the game on the exchange through relatives and friends. The stock index at the beginning of May overcame the mark of 4000 points, although only two months ago it did not exceed 3000. Even the most persistent people cannot resist not to buy stocks.

In a country where gambling is banned, the stock exchange has become a national sport. People mortgage all their property in order to invest in a fast-growing market. In a year, you can easily double or triple your condition.
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Even women and old men sit behind the monitors for hours, with gusto tracking quotes in real time. Brokers go to meet the people and install such monitors right in the offices, inviting everyone to themselves (in the photo above).

via China Daily