Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (36788)	7/31/2003 3:19:11 PM
From: RealMuLan	Read Replies (1) of 74559

I read from Chinese forum that the stock market in China will adopt Real name system in second half of this year (don't know exact date). Right now one party (companies or individuals) can open multiple accounts. Someone said that the current 60 million accounts in ShenZhen stock market belongs to only around 6 million (10%) real entities (companies or individuals). So some professionals are predicting that the stock market in China will be bearish because of this new rule. The reason is that a lot of accounts under Alias name have to be sold out. Those accounts were there working as a "bidder". So there will be a lot of sellers. S. Korea changed to Real Name system on Aug. 12, 1993, and its stock market became bearish for a long time (although I think Asian currency crisis also played a part?). And this is a big revolutionary step, and will stop some criminals doing money laundry on the stock market.

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