China Seeks to Restore Stock Investors’ Vanished Trust
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Carrie Pan, a 29-year-old Shanghai accountant who’s lost almost half the value of her portfolio since she began investing in Chinese stocks, is confident again.
She purchased 1,000 shares of Yang Quan Coal Industry Group Co. in April to add to her 200,000 yuan ($31,400) in equity holdings, which fell 40 percent last year and compounded her losses since she started buying stocks six years ago. So far, her latest pick had been up about 4 percent through yesterday.