A perfect close for China's stock market 2007
Updated: 2007-12-28 17:56
b. Investors
As of December 26, there were 138 million individual stock accounts and 510,000 institutional investment accounts in China, according to the China Securities Depository and Clearing Corp. This year alone, 59 million retail accounts and 113,000 institutional accounts were opened.
The constant price growth in renminbi-denominated A shares brought more individual investors to the market, a significant 34-percentg rowth from the previous year. Of the total 109 million existing individual A-share accounts, 37 million were opened this year (See Chart 5).
Chart 5: Individual A-share investment accounts (unit: million)
Thanks to the nation's opening to overseas investors through the qualified foreign institutional investor program and support for home and abroad corporate investors, the number of institutional investors grew 28 percent this year. The 112,500 new institutional accounts consist of 104,300 A-share, 2,300 B-share and 5,900 mutual fund accounts (See Chart 6).
Chart 6: New institutional accounts
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