According to the survey of the Chinese state corporation for the protection of investors, investor confidence in the country's volatile stock market recovers.Analysts abroad are less optimistic.
According to the latest monthly survey China Securities Investor Protection Funds (SIPF), in September, indicator of confidence among investors rose to 51.3, which is 24.2 percentage points higher than in August.This underscores the growing optimism among Chinese investors. The boom of China's stock market ended four months ago, when the main stock index of China's Shanghai Composite fell by almost 40 percent since made June 12 peak. Beijing has taken a series of unprecedented measures, including a freeze on initial public offerings, direct purchase of shares by government entities, as well as developed new regulations for commodity exchanges. And now, the poll shows, efforts to build confidence in the stock market worked. (Read:
What is a stock index). The study showed that 28.2 percent of respondents expect the uptrend Shanghai Composite Index in the fourth quarter of this year, while 38.9 percent expect the index to remain "flat". Twenty percent of investors expect a further decline in stocks. Meanwhile, just over half of the respondents surveyed by SIPF, plan to maintain investment in shares, while 12.3 percent of investors say increasing their investments. The deputy head of the People's Bank of China (PBC) Yi Gang at the annual meeting of the Boards of the International Monetary Fund and the World Bank Group in Lima, Peru, he said that the Chinese stock market has gone through several rounds of correction, which had a limited direct impact on China's economy.Nevertheless, market observers took a different view. "I think that this kind of research investor confidence can not be the main indicator of the market shares of Class" A "," - says the strategist CMB International Securities Daniel Sow. "Last month, Chinese stocks have stabilized slightly, so investors' confidence grew."Reading
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