By Kang Bing (China Daily)
Updated: 2007-12-07 07:02

Share codes with the numbers "eight" or "six", which means "flourishing" and "smoothness" in Chinese, are very popular.

Millions of investors have rushed to the stock market, lured by the long bull-run. Some have doubled or even tripled their investments, oblivious to the bear in waiting.

The market is like the sea, it has high and low tides. Many investors stand the risk of being washed away.

Despite the authorities' repeated warnings about market risks, some people have mortgaged their homes to dump the money into the stock market. Some have even invested their life savings.

Unfortunately, when the market crashes these are the people that will suffer most.

When millions of people find themselves to be losers, howls of discontent will be heard. Some people will blame the authorities for not providing enough "fresh grass" to attract the bull.

We do not need to state the fact that the stock market in China is still in its infancy and it still has a long way to go to maturity.

Investors should take heed of the warnings from the authorities, and understand they have limited means to control the market.

Can we, and should we, blame our speculative mentality and ignorance?

A mature stock market is characterized by lots of features, and the primary one - wise investors.

E-mail: kangbing@chinadaily.com.cn

   1 2   

   1 2