Risk awareness crucial for investors

Wang Qianli, an office worker in Shanghai, has lost half of her savings by playing the stock market.

The 24-year-old decided to invest 40,000 yuan ($6,440) in the market last month after friends told her that they had made roughly one year's salary through their stock portfolios by the middle of June.

In the space of two weeks, Wang had lost half of her savings, or 20,000 yuan, as the benchmark Shanghai Composite Index tumbled about 30 percent.