A New Research Report from kapronasia and Amber

Kapronasia and Amber are pleased to announce the availability of the first statistically relevant study of Chinese investor behavior. 

Through our in-depth analysis, you’ll learn what is driving investor behaviour. We look at:

• Investor knowledge
• Current investment habits
• Opinions on the future

The report answers questions such as:

• What are the most important considerations for investors when picking a stock?
• How long do they hold a stock?  Why do they sell?
• When the HK market opens to mainland Chinese investors, will they move their money or not?
• What do they think the SSE index will be at the end of 2007?  2008?
• What sources of information do investors most frequently use to make their investment decisions?
• What do they want to learn more about?

In addition, find out what part lucky numbers play in the decision making process and where investors turn for market information.  We examine the results from both a national and regional perspective to understand the differences in investor behaviour across the country.

The Background

Even in the face of the fallout of the US housing crisis, the Shanghai stock exchange is up nearly 100% in 2007.  The average price to earnings ratio of China’s A-shares is over 50, nearly twice the current P/E ratio of the Dow Jones Industrial average in the US.  There are some fundamental reasons why the Shanghai market is somewhat insulated from the fluctuations of the global markets, but what are the investors really thinking?  Why do they buy ?  What influences their decisions and how much do they know about what they’re buying?  We interviewed over 600 investors to find out.

The Human Side

In addition to the quantiative coverage, we look at the human experience of three investors:  Ms. Wang, a 20 year old single woman, Mr. Qian, a 40 year old husband and father, and Ms. Qiao, a 60 year old retiree.  Investing is changing these people’s lives.

ESSENTIAL MARKET KNOWLEDGE

“Betting on the Dragon” not only analytically clarifies investor behaviour, but also provides invaluable insights on the bigger picture, all critical information for any company interested in the Shanghai stock market.

Availability and pricing

“Betting on the Dragon” is available from January 1st, 2008 in electronic format for US$195 or bound hard copy US$235.

For more information or to purchase the report, please contact us via email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .