CHINA’S all-time high equity market needs “cool water and cool heads” after taking a seven-day Golden Week breather, otherwise the stock bubble runs the danger of a quick bust, experts said.
Since its 9% correction in late February, the Shanghai A-share equities have now moved back up more than 40%, and no letup is seen on the horizon, buoyed by a series of successful initial public offerings as the ranks of investors swell at over 200,000 a day. There are now more than 91 million accounts held at brokers or mutual funds.
