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| A bearish market has plagued Chinese stock investors during the past 11 months. A report from the China Securities Index Co showed that in the six months until November, about 4.41 trillion yuan ($708 billion) has evaporated from the two stock markets in Shanghai and Shenzhen. But, experts say, after the central economic working conference, which opened on Saturday to set the policy stance for next year, some positive indicators will help values rebound. [Yang Wei / For China Daily] |
Investors lack confidence but some believe reform will boost figures
The Chinese stock market endured one of the world's worst performances this year despite the country enjoying a globally leading economic growth rate and financial institutions raising expectations for the coming months.
In an apparent contradiction of the modest economic recovery suggested by the recent improved indicators, the benchmark stock index remained lower than 2000 for six days after Nov 27, down by about 11 percent this year.
A report from the China Securities Index Co showed that in the six months until November, about 4.41 trillion yuan ($708 billion) has evaporated from the two stock markets in Shanghai and Shenzhen. Everyone holding the more than 560 billion accounts of A shares has lost 78,700 yuan on average.
As ever in the Chinese market, elaborate charts for economic prediction and meticulous analysis are not as effective as policy signals in changing investment decisions.
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