A股暴涨吸引大量散户涌入，牛市来了吗？ | 经济学人

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📢  文末扫码进裙，免费领取双语精读版 Buy, buy, buy…sell! Amateurs jump into frenzied stockmarkets  The Economist China Oct 17, 2024 | 527 words | ★★★ ☆ ☆ “I can’t even do the maths any more! It’s so incredible!” With those words, uttered on September 30th, a retail trader summed up the state of China’s stockmarkets during a surge that lasted from mid-September to early October. Posting on social media, the man marvelled at the boom in share prices. Others told triumphant tales of enormous returns. Already rising, Chinese stocks took off after the government announced on September 24th new measures to boost the economy and increase consumption. These included a policy-rate cut and lower reserve requirements for banks. The central bank also promised to create a 500bn-yuan ($70bn) swap programme to fund stock purchases by institutional investors and said it would help firms buy back their own shares by refinancing certain loans. That led to recor ………………………………