Chinese Emboldened by 150% in Stock Returns Ignore Bonds
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Li Feixiang, who has bet all his money on Chinese stocks that returned more than 150 percent in the past year, scoffs at the 4 percent yields on AAA corporate bonds.
“I can’t settle for low returns,” said Li, a finance industry worker from Chengdu who has some 100,000 yuan ($16,120) left in his savings account after investing more than 2 million yuan in shares. “I’m not interested in bonds. It doesn’t make sense to put my money elsewhere when the stock market is going through a super bull run.”