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A dama counting her money to open an account at a securities company in Beijing, April 30, 2015. [Photo/weibo.com] |
Damas invest in stock market with cash
The unprecedented Bull Run in the stock market has attracted Chinese dama, or aunties, to dip their toes in the stock market in search of a windfall.
A dama, who wanted to open an account to invest in the stock market, was seen bringing a large amount of cash to a securities company in Beijing one day before the May Day holiday, reported The Mirror.
As netizens teased about this dama's wealth, an Internet user who claimed to be her neighbor said on Sina Weibo that the woman wanted to earn money in order to buy a house for her son. The cash she carried was her entire family's savings, along with borrowed money from her relatives and friends.
After learning about her intentions, the staff at the securities company explained to the woman how to enter the market and recommended her some software to learn stock trading.
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