The number of investors in China shares surged to reach 2.4 million in July, a multiyear-year high last matched in June 2015 before the mainland market meltdown.
The 2.4 million new investors mark a 60 percent month-on-month increase and a 124 percent year-on-year increase, according to the China Depository and Clearing Corporation (CSDC).
This is the highest figure registered since June 2015 when Chinese markets bubbled and eventually collapsed with the A-shares on the Shanghai exchange plunging 30 percent in just one month.
Although global uncertainty remains, markets have been buoyant this year which has resulted in over 25 mainland China-listed brokerages reporting profit spikes of over 50 percent. Since its 2020 low in March, the Shanghai Composite Index climbed nearly 30 percent including a 10 percent increase in July.
