China has attained good results in the campaign aiming to educate investors to help themselves make informed investment decisions, and will further enhance the efforts, said officials with the China Securities Regulatory Commission (CSRC) in Shanghai Friday.
Yang Xiaowu, a CSRC official in charge of the training program, said that the investment education campaign has greatly intensified and improved since it debuted in China in late 2000.
In 2001, the CSRC helped to establish about 376 investor schools throughout China for investors to acquire knowledge of the different aspects of investing. So far, 70,000 individual investors have received training at the schools.
China's stock market was opened in the early 1990s, and the stock exchanges in Shanghai and Shenzhen had about 70 million registered accounts by the end of 2001.
"Study at the investor school is quite helpful because, through systematic study, I have come to understand many things that were a mystery to me before, even though I have been investing in stocks for more than six years," said Lin Hefang, an individual investor who has participated in the program.
Stock experts said that individuals need an effective and easily accessible way to learn about the market. As markets become more complex, investors must evaluate their own risk appetites.
(Xinhua News Agency February 24, 2002)
