Chinese stock market has recovered from its downturn since 2006 and now maintains a fast growing momentum. Shanghai Composite Index and Shenzhen Component Index keep rising, which is conductive to the massive increment of stock holders in China. The accounts of stock holders in China, as estimated, can hit 150 million in 2007.
Accounts Number of Stock Holders in China, 2000-2007
The booming of the stock market not only attracts a great deal of funds but conduces to the rising of mobile stock. In addition to the telephone commissioned and online transaction, mobile stock has been the third non-on-spot trading mode.
Mobile stock refers to the operation of shareholders on their equity capital by virtue of mobile phone. Presently, mobile stock can be realized by SMS (Short Message Services), WAP and client software.
Mobile Stock Realization Modes
In comparison with the traditional trading modes, mobile stock has the advantages of being not restricted by time and space, providing convenience and privacy, and enabling investors to carry through securities investment anywhere at any time.
Forecast of Mobile Stock Users in China, 2007-2008
With the declining charges of WAP and the drive of the bull market, the number of mobile stock users increases rapidly in China in 2007, and the figure hit 1.1 million or so in September 2007. According to the forecast by ResearchInChina, there will be 1.48 million mobile stock users at the end of 2007, and the figure will rise to 2.58 million by the end of 2008.
In general, mobile stock users are led by student stock holders and office stock holders who live in large- and medium-size cities. And the majority of them received higher education.
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