Lots of Value in China's Stock Market

Two-thirds of new investors in China’s stock market mega-rally didn’t finish high school
Some 67.6% of households that opened new accounts in the past quarter haven’t graduated from high school, according Orlik’s chart, which comes from a large-scale quarterly national survey of household assets and income conducted by Gan Li of the Southwestern University of Finance and Economics. Only 12% have a college education. Among existing investors surveyed, only 25.5% lack a high school diploma; 40.3% have finished college.
There is barely any fundamental analysis in Chinese popular finance. Financial media focus almost exclusively on technical analysis. Stock trading is legalized gambling to most "investors." The perfect market for patient value investors.

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