Hu Xijin, the editor-in-chief of the Chinese state-run newspaper Global Times, has announced that he has officially entered the Chinese stock market as a stockholder. In a post on Weibo, Hu Xijin expressed his desire to stand guard with retail investors on the mountainside at 3000 points.
Hu Xijin stated that he joined the stock market to experience the ups and downs alongside other investors and become a part of the joys and sorrows of the Chinese stock market. He emphasized his intention to make a profit and not become a “leek,” a term used to describe inexperienced investors who often suffer losses in the market.
Starting from tomorrow morning, Hu Xijin plans to start buying stocks and learn while trading. He aims to minimize his tuition fees and ensure that his stock trading income exceeds the interest rate of bank deposits.
Investors have expressed curiosity about the amount of money Hu Xijin will invest. With tens of millions of fans as a well-known media figure, many speculate that he is “very rich.” However, considering the current state of the Shanghai Composite Index at 3000 points, which is historically not near the bottom, there is a high probability that Hu Xijin may face losses.
Nevertheless, some believe that Hu Xijin’s decision to enter the stock market is intentional. They suggest that he wants to better understand the pain experienced by retail investors and resonate with them. By standing guard and experiencing the market firsthand, Hu Xijin aims to provide comfort and support to retail investors, becoming a psychological masseur for them. This move also positions him as a strong competitor to Li Daxiao, a renowned stock market analyst.
Hu Xijin’s entry into the stock market has garnered attention from financial circles. Many are eager to see how his investments will fare and whether he can navigate the challenges of the market successfully.
Source: Financial circles
Author: Middle Class Investment
How might Hu Xijin’s entry into the stock market impact his role as the editor-in-chief of Global Times and his competition with stock market analyst Li Daxiao
Hu Xijin, the editor-in-chief of the Chinese state-run newspaper Global Times, has made a surprising move by officially entering the Chinese stock market as a stockholder. In a post on Weibo, Hu Xijin expressed his desire to stand alongside retail investors on the mountainside at 3000 points.
By joining the stock market, Hu Xijin aims to experience the highs and lows alongside other investors and become a part of the Chinese stock market’s joys and sorrows. However, he is determined not to fall into the category of “leeks,” inexperienced investors who often suffer losses.
Starting tomorrow morning, Hu Xijin plans to start buying stocks and learn while trading. He is focused on minimizing his tuition fees and ensuring that his stock trading income surpasses the interest rate of bank deposits.
Many investors are curious about the amount of money Hu Xijin will invest. With tens of millions of fans as a prominent media figure, speculation that he is “very rich” abounds. However, considering the current state of the Shanghai Composite Index at 3000 points, which is historically not near the bottom, there is a high likelihood that Hu Xijin may face losses.
Nevertheless, some see Hu Xijin’s decision to enter the stock market as intentional. They believe he wants to empathize with retail investors and understand their pain. By experiencing the market firsthand, Hu Xijin aims to provide support and comfort to retail investors, acting as a psychological masseur for them. This move also positions him as a strong competitor to renowned stock market analyst Li Daxiao.
Financial circles are buzzing with interest following Hu Xijin’s entry into the stock market. Many are eager to see how his investments will fare and whether he can navigate the challenges of the market successfully.
This article sheds light on the recent development of Hu Xijin entering the Chinese stock market as a stockholder. His entry, alongside Li Daxiao, to support retail investors at the 3000 point mark, highlights the growing competition in this sector. It will be interesting to observe the impact of these influential players on the market dynamics.