It seems that many are worried about the Chinese stock-bubble and when it will pop... Well it doesn't look like its going to happen tomorrow but is in the future for lenders on the Prosper.com
Teh inability to resell the loans currently makes the Chinese stock-bubble a scary event. Cab drivers, housecleaners, college kids and Buddhist monks are opening brokerage accounts and speculating in stocks for the first time, says ChinaDaily.com. Most of these are part of the army of amateur investors. So everyone is curently in a buy buy buy mentality similar to the .com era.
The Shanghai composite A index — open only to local Chinese investors — is up 245% since the end of 2005 and up 50% so far this year. This has shown some anxiety on wall street as well putting china on some top investors so called risk list. Many top investors have a lot to lose. US investors have put over 14 Billion into China funds.
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