Source: CCTV.com

03-07-2007 10:19

Chinese people still remain in highly rising mood for the fund investment. In Shanghai, the first fund issued shortly after the Spring Festival was sold out in just an hour. And yesterday, even before another new fund worth of dozens of billion yuan was put on the Shanghai market, the total amount had already been bought in advance by investors in other cities out of Shanghai. This was the third fund issed after Golden week holidays was totally purchased by investors in just one day.

At seven o'clock in the morning. Many banks in Shanghai have already been crowded with fund investors. Some of them even came here at mid-night.

In one of the Shanghai banks, investors were even told that the fund had already been sold out before the bank opened.

A fund investor in Shanghai said:" We couldn't purchase the fund here. I planned to invest 200,000 yuan and took out of all my fixed deposits. But no fund was left and I have suffered loss."

According to the bank, the fund was put on the market across the country. In many other areas out of Shanghai, banks were opened before 9 o'clock, ahead of Shanghai banks. Besides, online fund purchasing begins at half past eight. These are the reasons why investors in Shanghai can't buy the fund after banks start to do business. Experts also suggest investors to reasonably allocate their capitals and not to invest the total amount of their money in the area of such high risks.

Editor:Li Yang