China's stock market is a bubble.

 See today's FT story about China's stock market frenzy of commentary, a little bit fond of the stock market enthusiasm subsided. Not only because he is not a good person who ignores personal finance, more importantly, did not own the stock of capital and time with rivalry. I would rather spend their time doing sports and beauty, and hee hee! mindless comments Ha ~ ~
speaking, this mania has spread to the center of Shanghai Tiancheng pawnshop. At first glance, this business seem mundane: display cases, there are a few dusty camera,UGG boots, a middle-aged women are loud cell phone, she want to be out of a gold-plated heart-shaped pendant with a necklace.
but most countries The different pawn shops, where a group of the pawn business is really stable customer base housing. photograph of her signed receipt of 50 million yuan loans,Bailey UGG boots, the collateral is an apartment.
3 years ago, when housing started to accept pawn as collateral, most consumers want to quickly get the cash, is to start a business . However, in recent months, they began to borrow money to invest in stocks.
After a 5-year slump in 2006 after China's stock market soared 130%, and attracting a new generation of investors. this year, 1 month, China opened stock trading accounts 1,380,000 mm average of 69,000 per day.
official Chinese newspaper buy shares.
However, the new pawnshop business, highlights the weakness of the market. Although the number of institutional investors has grown rapidly, but the market is still driven by individual investors,UGG bailey button, they often volatile. because there is no Other alternative investment channels, so when investor confidence is high, funds from the bank deposits into the stock market, but if the optimism weakened,UGG boots clearance, these funds would disappear immediately.
In addition, highlights some of the pawn shops the characteristics of reckless investors. As extraordinary entrepreneurial energy in China, it has become increasingly addicted to gambling .2006, mainland China more than doubled the stock market, and had recorded more than Macau casino Las Vegas Boulevard ( Las Vegas Strip) income.
fear the stock market may be overheating, the Chinese government has taken measures to combat speculation. National People's Congress (NPC) Vice Chairman Cheng Siwei, warned last week the emerging Chinese stock market ;. result, the Shanghai Composite Index is down 7.3% last week (of which 4% on Friday), taking the gains this year.
most analysts believe this decline is a healthy correction , will rally to continue. However, retail investors may be borrowing too much for a new round of panic selling, which will sound the alarm regulatory authorities.
stock market crash will not only lead to the failure of corporate financing , but can also make in the face of disgruntled investors, the political backlash, these investors that the Government's dominant position in the market state is the regulator mm decided to issuance of new shares, with most of the brokerage, and enjoy great a controlling stake in listed companies. even the majority of government-owned pawn line.
Shanghai manager of three other pawn confirmed that its business is currently mainly based mortgage, and buying stocks is the main purpose of these funds one. a pawn has issued leaflets detailing the homeowners need to prepare all documents, including water, gas and electricity bills and property title deeds: another pawn in the cab hit the window on the ad.
Tseng Wen said: 5 days late, you can deal with these auction houses.
. we really showed some humanity.