RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Government / Policy Updates Tools: Save | Print | E-mail | Most Read
Students Urged Not to Trade Stocks
Adjust font size:

Authorities in Fujian have told schools to warn their students against dabbling in the stock market, saying failed investments could fuel family and social instability.

Following in the footsteps of the nation's pensioners, housewives and office workers, and lured by soaring share prices, more and more students have begun dabbling in the stock market, despite experts warning the bubble could soon burst.

"Local education departments and schools must instruct students to think twice before investing in high-risk stocks," a government notice released jointly by the Fujian education authority and the provincial security regulator in the southeastern coastal province, said.

"(The regulation) is to prevent failed investments affecting family and social stability," it said, warning students not to see the market as an easy way to make a living.

Teachers have a responsibility to help their students get a "correct view" of the stock market, the report said.

The notice came after the country's top security regulator criticized certain stock dealers for encouraging university students to play the markets.

Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said last week: "It is immoral for these stock dealers to lure students into investing their life savings in stocks."

At the end of July, the number of trading accounts in the country had reached 109.63 million, including 93.68 million A-share accounts, 2.24 million B-share accounts and 13.71 million fund accounts, according to the China Securities Depository and Clearing Co.

(China Daily September 11, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
Most Viewed >>
-China works to limit snow-related chaos
-'We have faith,' Premier Wen tells country
-No effort spared, President Hu says
-New commander for PLA Hong Kong Garrison appointed
-Five-year Guidelines Set for Western Development
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号