- The survey was conducted at the end of 2014, headed by Professor Li Gan of Southwestern University of Finance and Economics, Bloomberg reports.
- Covers some 4,000 households across the country
- Finds that the biggest new investors in China’s equity markets have below a high school education and relatively low levels of asset ownership
- More than two thirds of new equity investors exited the education system by middle school – which in China means around the age of 15
- More than 30 percent exited at age 12 or below
- Household wealth for new investors is about half the level of existing investors
- The new survey data adds to the impression of a rally fueled by inexperienced retail investors.
The material has been provided by InstaForex Company – www.instaforex.com