STOCK market bull runs have tended to occur after a big build-up of cash savings by the public. In China, household savings exceeded US$2 trillion in the banks, creating a perfect setting for the market rally.
The initial public offering (IPO) of China Shenhua Energy last week drew a record 2.6 trillion yuan (RM1.2 trillion) in applications.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!