MNI BRIEF: Newly Opened A-share Trading Accounts Rises Notably

The number of newly opened stock trading accounts reached 2.65 million in August amid an A-share marekt rally, far exceeding the same period last year, Securities Times reported citing data from the Shanghai Stock Exchange on Tuesday.

The August data marked a month-on-month increase of 35% and a year-on-year increase of 165%, the newspaper said. The accumulated newly opened A-share accounts in the first eight months reached 17.21 million. (See MNI: China Stocks To Test Higher Levels, Drive Confidence)