Investors monitor the movement of stock prices at a brokerage
firm in Guangzhou, South China's Guangdong Province May 9, 2007.
The number of stock accounts in China has likely exceeded 100 million for the
first time, as investors are lured to a market which has jumped 60 percent so
far this year, the Shanghai Securities News said on Tuesday.
Investors in China had opened nearly 27 million accounts to trade stocks
since the end of 2006, the paper reported, citing data and calculations from
China Securities Depository and Clearing Corporation Ltd.
The calculation of the new record was based on the assumption that the number
of accounts opened on Monday was in line with last week's daily average of
350,000 added to a total 99.82 million accounts as of May 25, it said.
The figure included both accounts for yuan-denominated A shares, foreign
currency-denominated B-share accounts and funds, and did not correspond to the
total number of new investors, the report cautioned.
An investor in China's stock market may hold up to six accounts
simultaneously, it said.
Chinese stocks surged to an all-time high in record turnover on Monday
despite increasing caution among some institutions. The Shanghai benchmark index
has risen 59.7 percent so far