China's national social security fund opened 30 new trade accounts in January to expand investment in the domestic stock market, the Shanghai Securities Journal reported on Thursday. The new accounts set a monthly high not seen since November 2008, which shows the strong willingness of national institutions to enter the stock market, the paper said. The benchmark Shanghai Composite Index rose 186.38 points, or 8.77 percent, in January, which strongly boosted the confidence of large and small investors. Some analysts said they believe the rise could be a signal of a bull market returning.
Feedback
RSS
