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China: Unintended consequence of property price curbs: more stock market speculation

Posted on 25 March 2013

Unsophisticated investors who once sought a quick profit on property speculation seem now to be turning to stock market speculation instead. The Hong Kong government has been keen to curb fast-rising property prices since late last year, but all its efforts may be creating a new problem: more speculation in the city’s stock market.
Some local stock brokers have noticed a new trend recently. They say more financially unsophisticated individual clients are calling on them for ideas for investments in the stock market. They prefer “small cap” stocks, rather than heavyweights, and aim to make quick short-term profits………………………………………..Full Article: Source


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