(Bloomberg) -- China's CSI 300 Index rose above 4000
for the first time, driven by a surge in new investors who are
ignoring warnings of a bubble to enter a market that's doubled
this year. China Merchants Bank Co. paced the gain.
``There is lots of liquidity flowing into the market,'' said
Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset
Management Co. in Shanghai. ``Even fund mangers dare not sell
their shares at this stage, as no one knows when the rally will
be over.''
Read more at Bloomberg Stocks News
for the first time, driven by a surge in new investors who are
ignoring warnings of a bubble to enter a market that's doubled
this year. China Merchants Bank Co. paced the gain.
``There is lots of liquidity flowing into the market,'' said
Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset
Management Co. in Shanghai. ``Even fund mangers dare not sell
their shares at this stage, as no one knows when the rally will
be over.''
Read more at Bloomberg Stocks News
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