Source: CCTV.com

04-21-2008 11:47

Investors' passion has faded with the continuous slumps in the stock market over the past few months. From April 7th to 11th, the number of stock accounts opened in the two exchanges hit 370,000, dropping by nearly half from the first month this year.

Investors' passion has faded with the continuous slumps in the stock market over the past few months. (Photo: xinhua)

The number of newly-opened accounts in freshly-approved funds also took a dive, falling 80 percent from the beginning of the year to stand at levels not seen since 2006. The poor investor sentiment has been attributed to weakness in the stock market.

As of last Friday, the Chinese stock market's value had lost nearly 13 trillion yuan since the year began. And in the first quarter this year, the net value of funds contracted by 600 billion yuan. The unit value of many funds' has even slumped below 1 yuan.

Editor:Xiong Qu