The Chinese race to open stock accounts

The Chinese race to open stock accounts


(Techz.vn) In 2020, there are 159.75 new investors opening securities accounts. Currently, including old investors and new investors, there are 177.8 million people opening stock accounts in China.

According to CNBC, the financial market boomed strongly during the Covid-19 pandemic. Chinese investors believe that this is an opportunity for them to enter the “bottom fishing” of the stock market. Statistics show that the number of people opening stock accounts in China is increasing, and stock prices have also skyrocketed since the Covid-19 epidemic was under control.

According to the China Securities Depository and Settlement Center, in December 2020, the number of new investors entering the stock market in this country reached a record number of 1.62 million, double in the same period last year. For the whole year 2020, the number of new investors will increase from 18.02 million people to 177.77 million people. Thus, on average, there are about 1.5 million new accounts registered for trading each month.

According to statistics, the China and Hong Kong regions account for 40% of global IPOs in 2020. That means that every 5 companies issue their shares to the public for the first time in 2020. there will be two issuers in China and Hong Kong.

In 2020, the Shenzhen Index increased by 38.7%, the CSI 300 index increased by 27.2%. Chinese investors are also eager to buy shares issued in Hong Kong, such as Tencent and Meituan. Other Chinese giants like JD.com did a second listing in Hong Kong last year.

Entering 2021, the number of people in China interested in stocks is still rising. The Shanghai composite index hit a five-year high yesterday, while the Shenzhen index rose 7 percent from a year earlier. Meanwhile, the CSI 300 has skyrocketed to levels not seen since January 2008.

The first time Bitcoin price exceeded 20,000 USD

(Techz.vn) On the evening of December 16, the cryptocurrency market had strong volatility, in which Bitcoin also reached its highest level in history. Bitcoin price has surpassed $ 20,000 and is approaching $ 21,000 mark.

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