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 SHANGHAI, China (AP) - As Chinese stocks soar to records and new buyers pile into the market, a survey suggests a troubling reality: Few investors say they understand how stock markets work.
ChinaHR.com, a Web-based job placing firm, said that of the 2,500 responses this month to a survey, more than 90 percent said friends or relatives had invested in the market and 46 percent said they had opened their own trading accounts.
But just 10 percent said they had a firm grasp of the market, while 56 percent said they were learning as they went, according to the poll. It did not account for the remaining 34 percent.
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