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Chinanews, Shanghai, December 27 – Guotaijunan Securities has conducted a survey covering 372 investors1, finding that nearly 90% of them believe no bear market will occur in 2008.
71.8% of the respondents believe the general market value will continue to increase in the first half of 2008, and 55% of them expect the market index of Shanghai Stock Market to surpass 6,000 before next July. However, the growth speed of the Chinese stock market will be slower in 2008 than in 2007, but as many as 70.7% of the respondents believe the RMB will appreciate even faster next year.. 90% of the respondents feel optimistic about the conditions of A-stocks in 2008. 44.1% of them have strong faith in a continuous bull market, and 44.4% think it will enter box-concussion stage. Only 4.1% of the respondents express their worries of a bear market.
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