China's Stock Market Sees Declining Interest from Retail Investors Young and Old
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China's first generation of retail investors who entered the stock market in the 1990s, like 73-year-old Li Jixin, are now staying away as they don't see opportunities to build wealth.
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Younger generations in China also have decreasing interest in stocks, with ownership declining among 18-24 and 25-34 age groups according to surveys.
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Reasons include conservatism, intolerance of losses, and more options for investment and leisure compared to previous eras.
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The share of individual investors in China's stock market is declining, with more professional management by funds and institutions.
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This means the market may become more efficient but also depends more on institutional investors for stability.