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China’s New Stock Accounts Hit Nine-Year High as Market Booms - Bloomberg

Nov 08, 2024Nov 08, 2024

Chinese investors opened new stock trading accounts at the fastest pace in nine years as equities surged following a stimulus boost from Beijing.

Investors created 6.8 million accounts for trading onshore shares in October, the biggest monthly reading since June 2015, according to a Bloomberg tally of data released by the Shanghai Stock Exchange. The figure also exceeds the combined total of accounts opened between May and September.