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Chinese retail investors flocking back to stock market

State media, which earlier were encouraging readers to buy shares, have now turned cautious on the rally

Shanghai

ZHANG Jun, a 40-year-old real estate researcher, vowed to never again trade Chinese stocks after losing thousands of yuan during the market crash of 2008. Now he's jumping back in.

"This time, it's different," he said at a crowded China Galaxy Securities Co outlet in Beijing's Xicheng district.

President Xi Jinping supports rising share prices, while the market has "matured" after losses during the past five years erased more value from the Shanghai Composite Index than any other global equity gauge, according to Mr Zhang.

"If Mr Xi wants to realise the Chinese dream, he has to boost the stock market, which makes us ordinary people happy," Mr Zhang, who plans to make an initial purchase...

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