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by nine_k 4067 days ago
Who is buying it, by the way? What is the probable source of their money?
3 comments

Anyone and everyone. Real estate investment has bottomed out, now Chinese cash is being funneled into the Shenzhen Stock Exchange.

Lots of free money flowing around in China, they're sniffing in the US too. Investment in Chinese tech companies is booming at a rate that dwarfs the dot-com bubble.

From http://www.bloomberg.com/news/articles/2015-04-07/u-s-dot-co...

The use of margin debt to trade mainland shares has climbed to all-time highs, while investors are opening stock accounts at a record pace. More than two-thirds of new investors have never attended or graduated from high school, according to a survey by China’s Southwestern University of Finance and Economics.

There is currently a margin (leverage) bubble in China. It will not end pretty.
the 500B-USD$ question is "When will it pop?"