The strong rally in China’s equity market has attracted retail investors to buy stocks. So far this year, the benchmark Shanghai Composite Index has surged more than 30 per cent. In March, 2.99 million new investors opened accounts to make stock investment, surging 109 per cent from the previous month.
While retail investors are rushing into the stock market, public companies’ executives and large shareholders are dumping shares at a faster pace.
As of April 4th, 797 public companies has made 2210 releases to sell 52.6 billion yuan worth of shares, according to filings to stock exchanges . . .