Chinese investors confident in stock market

BEIJING -- China's investor confidence index rose 24.36 percent month-on-month to stand at 62.8 in January, according to a recent survey.

Nearly 45 percent of Chinese investors polled said they expect the benchmark Shanghai Composite Index to rise in February. [Xie Zhengyi / Asianewsphoto]

China Securities Investor Protection Fund Corporation on Friday said the monthly index in January was the highest it has been since April 2011, based on a survey carried out among 4,483 investors from Jan 1-28.

Nearly 45 percent of those polled said they expect the benchmark Shanghai Composite Index to rise in February, and almost half forecast a bullish market performance in the coming three months.

The survey also shows that Chinese investors have confidence in the country's macroeconomic situation. Some 50 percent of those surveyed said favorable economic situations would buoy the stock market.

But investors were cautious about the international economic and financial situations, and only a quarter of respondents said international economic and financial situations would boost China's stock market.

The survey shows that nearly 32 percent of those surveyed said they might increase stock holdings in the next three months, while some 20 percent said they would likely cut holdings.

The benchmark Shanghai Composite Index rebounded in January and hit an eight-month high after a string of tumbles in 2012.

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