China stock investor confidence rose sharply in September: government investor protection fund

[SHANGHAI] China stock investor confidence improved sharply in September, according to a survey conducted by state-owned China Securities Investor Protection Funds (SIPF).

An index tracking investor confidence jumped 24.2 per cent from August to 51.3 in September, showing investors were becoming optimistic, SIPF said on its website.

The survey found that 28.2 per cent of investors expect China's benchmark Shanghai Composite Index to rise over the next three months, while 38.9 per cent of the investors polled expect the index to be flat in the fourth quarter.

That compares with 20 per cent of investors who say the market would fall.

REUTERS