The latest data from the China Securities Depository and Clearing Corporation Limited shows that 275,100 new A share accounts were opened on April 18. The total number of A share accounts has now exceeded 90 million to reach 90.2089 million, 89.791 million of which are private accounts and 417,900 of which are organization and fund accounts.

The data reflects the healthy returns that are being made as the stock market continues to boom. The number of new A share accounts is increasing continually. Some 3.08 million A share accounts were opened last year; in the first quarter of this year, 5.01 million were opened, meaning that on average, between 80,000 and 100,000 accounts are being opened daily.

On April 20, the Shanghai and Shenzhen stock markets opened at a high point and continued to rise, unlike the previous day. The Shanghai composite index opened at 3460.90 -11 points higher than the last trading day. It continued to rise, closing at 3584.20 points, up 3.92 percent from the last trading day. The Shenzhen Component Index opened above 10,000 points and closed at 10258.64, up 4.07 percent from the previous trading day. The two stock markets have already recovered most of the ground lost the previous trading day.

By People's Daily Online