Investors who graduated from junior high schools only numbered five percent
this year in comparison with the 16.4 percent of 1996.
More than half of the polled have increased their investment in the stock
market this year with only 10 percent selling up their stocks.
About 55 percent attributed the robust stock market to government policies
such as the shareholding reform that floated previously non-tradable shares
while another 27 percent credited it to the country's brisk economic growth, the
appreciating yuan and the massive foreign currency reserves.
Nearly 14 percent said the market hikes were powered by the good performance
of listed companies.
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