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Wang Cunchun, 90, walks back home from a brokerage house in the rain in Shanghai, China, July 23, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month", Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)

Wang Cunchun, 90, walks back home from a brokerage house in the rain in Shanghai, China, July 23, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month", Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)



Shen (4th L) listens to a man analysing a chart showing stock trends, at a “street stock salon” in central Shanghai, China, July 4, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. Millions of investors - pensioners, security guards, high-school students - dominate China's stock markets, conducting about 80 percent of all trades. (Photo by Aly Song/Reuters)

Shen (4th L) listens to a man analysing a chart showing stock trends, at a “street stock salon” in central Shanghai, China, July 4, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. Millions of investors - pensioners, security guards, high-school students - dominate China's stock markets, conducting about 80 percent of all trades. Retirees gather in brokerage houses dotted around China also to enjoy some company and savour the air conditioning on hot days. Some start as young as 13, trading from home with an eye on future careers in finance. Winning isn't guaranteed. This year, among the most turbulent in China's financial history, its stock markets more than doubled in the six months to May, only to crash amid concerns that growth in the country, which makes everything from cars to steel, is slowing faster than previously thought. (Photo by Aly Song/Reuters)



Gao Haibao (C), checks stock information on his mobile phone as he takes a break from dancing, part of his daily routine, at a park near his home in Shanghai, China, July 23, 2015. Gao Haibao, a 55-year-old electrician, started trading stock in the 1990s, he uses smartphones and computers to trade stocks from home. (Photo by Aly Song/Reuters)

Gao Haibao (C), checks stock information on his mobile phone as he takes a break from dancing, part of his daily routine, at a park near his home in Shanghai, China, July 23, 2015. Gao Haibao, a 55-year-old electrician, started trading stock in the 1990s, he uses smartphones and computers to trade stocks from home. (Photo by Aly Song/Reuters)



A piece of paper stock information written on it is shared by investors during a “street stock salon” in central Shanghai, China, June 20, 2015. (Photo by Aly Song/Reuters)

A piece of paper stock information written on it is shared by investors during a “street stock salon” in central Shanghai, China, June 20, 2015. (Photo by Aly Song/Reuters)



Yue Banghai moves his electric bike during a "street stock salon” in central Shanghai, China, September 5, 2015. Yue is a businessman who's been selling futures and stocks analysis software for five years. Every weekend, when is not raining, Yue rides electronic bike to the salon where he offers his software using a computer attached to the back seat of his bike.  (Photo by Aly Song/Reuters)

Yue Banghai moves his electric bike during a "street stock salon” in central Shanghai, China, September 5, 2015. Yue is a businessman who's been selling futures and stocks analysis software for five years. Every weekend, when is not raining, Yue rides electronic bike to the salon where he offers his software using a computer attached to the back seat of his bike. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. A few businessmen also make use of the occasion to promote their stock analysis software. (Photo by Aly Song/Reuters)



Du Mingpeng's face is seen reflected on his electric bike’s rearview mirror, as he talks to his friend outside a brokerage house in Shanghai, China, July 22, 2015. Du Mingpeng, 50, is a jewellery store security guard and investor who started trading stocks because he wanted to make some more money for his family, on top of his salary. With 30,000 yuan as his capital, he has made 160,000 yuan from trading stocks. Now even though the market doesn’t look great, he still believes with his experience he won’t lose money. (Photo by Aly Song/Reuters)

Du Mingpeng's face is seen reflected on his electric bike’s rearview mirror, as he talks to his friend outside a brokerage house in Shanghai, China, July 22, 2015. Du Mingpeng, 50, is a jewellery store security guard and investor who started trading stocks because he wanted to make some more money for his family, on top of his salary. With 30,000 yuan as his capital, he has made 160,000 yuan from trading stocks. Now even though the market doesn’t look great, he still believes with his experience he won’t lose money. (Photo by Aly Song/Reuters)



Yue Banghai checks on his laptop on the back of his electric bike at a “street stock salon” in central Shanghai, China, September 5, 2015. Yue is a businessman who's been selling futures and stock analysis software for five years. (Photo by Aly Song/Reuters)

Yue Banghai checks on his laptop on the back of his electric bike at a “street stock salon” in central Shanghai, China, September 5, 2015. Yue is a businessman who's been selling futures and stock analysis software for five years. (Photo by Aly Song/Reuters)



A notebook with stock information written down by Wang Cunchun, 90, is seen on his desk at home in Shanghai, China, July 14, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month", Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)

A notebook with stock information written down by Wang Cunchun, 90, is seen on his desk at home in Shanghai, China, July 14, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month", Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)



Wang Cunchun, 90, watches news about stocks on TV at his home in Shanghai, China, July 14, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month, Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)

Wang Cunchun, 90, watches news about stocks on TV at his home in Shanghai, China, July 14, 2015. When Wang retired from a stationery store he didn't have much to do. He first invested in stocks in the 1990s. “Trading stocks is my biggest hobby. I never wanted to make a fortune from stocks. I have 3000 yuan pension every month, Wang said. He currently lives with his 60-year-old son in an around 10-square-meter apartment. (Photo by Aly Song/Reuters)



Gao Haibao, looks at stock information on his mobile phone as he climbs the stairs to his apartment in Shanghai, China, July 23, 2015. Gao Haibao, a 55-year-old electrician who started trading stock in the 1990s, uses smartphones and computers to trade stocks from home. (Photo by Aly Song/Reuters)

Gao Haibao, looks at stock information on his mobile phone as he climbs the stairs to his apartment in Shanghai, China, July 23, 2015. Gao Haibao, a 55-year-old electrician who started trading stock in the 1990s, uses smartphones and computers to trade stocks from home. (Photo by Aly Song/Reuters)



Qian Yujie looks at stock indexes on his desktop during the summer holiday at home in Shanghai, China, August 27, 2015. Qian, a 16-year-old high school student, trades stocks as a hobby and plans to study finance in college. Qian started to trade stocks with 2,000 yuan given to him by his parents, when he was 13. He only buys and sells during his days off. While he's in school, he uses software to sell his stocks automatically once the price hits higher or lower than the number he presets. (Photo by Aly Song/Reuters)

Qian Yujie looks at stock indexes on his desktop during the summer holiday at home in Shanghai, China, August 27, 2015. Qian, a 16-year-old high school student, trades stocks as a hobby and plans to study finance in college. Qian started to trade stocks with 2,000 yuan given to him by his parents, when he was 13. He only buys and sells during his days off. While he's in school, he uses software to sell his stocks automatically once the price hits higher or lower than the number he presets. (Photo by Aly Song/Reuters)



Shen Yuxi (L), introduces analysis software to investors at a “street stock salon” in central Shanghai, China, September 5, 2015. Shen carries a TV screen on his electronic bike to the "salon" every weekends where he sets it up on the wall outside a brokerage house. Shen's been selling analysis software at "the salon" for more than 10 years. (Photo by Aly Song/Reuters)

Shen Yuxi (L), introduces analysis software to investors at a “street stock salon” in central Shanghai, China, September 5, 2015. Shen carries a TV screen on his electronic bike to the "salon" every weekends where he sets it up on the wall outside a brokerage house. Shen's been selling analysis software at "the salon" for more than 10 years. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. A few businessmen also make use of the occasion to promote their stock analysis software. (Photo by Aly Song/Reuters)



Lv Hai looks at a screen displaying a stock analysis software, fixed to the back of an electric bicycle, during a “street stock salon” in central Shanghai, China, September 5, 2015. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. A few businessmen also make use of the occasion to promote their stock analysis software. (Photo by Aly Song/Reuters)

Lv Hai looks at a screen displaying a stock analysis software, fixed to the back of an electric bicycle, during a “street stock salon” in central Shanghai, China, September 5, 2015. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. (Photo by Aly Song/Reuters)



Wang Fugui, wearing a gold ring and a bracelet, leans on a window at a smoking area of a brokerage house in Shanghai, China, September 7, 2015. Earlier this year, Wang earned and lost a big sum of money on the stock market which he believes was the value of "a Mercedes car". (Photo by Aly Song/Reuters)

Wang Fugui, wearing a gold ring and a bracelet, leans on a window at a smoking area of a brokerage house in Shanghai, China, September 7, 2015. Earlier this year, Wang earned and lost a big sum of money on the stock market which he believes was the value of "a Mercedes car". (Photo by Aly Song/Reuters)



Investors' water bottles stand on a shelf at the corner of a brokerage house in Shanghai, China, August 31, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. (Photo by Aly Song/Reuters)

Investors' water bottles stand on a shelf at the corner of a brokerage house in Shanghai, China, August 31, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. (Photo by Aly Song/Reuters)



Tang Youyu, 73, wears a cowboy hat and sunglasses as he stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, July 13, 2015. Tang has lost over half of his money in the stock market but still hopes to win it back someday. He enjoys the atmosphere and the company of friends at the brokerage house. (Photo by Aly Song/Reuters)

Tang Youyu, 73, wears a cowboy hat and sunglasses as he stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, July 13, 2015. Tang has lost over half of his money in the stock market but still hopes to win it back someday. He enjoys the atmosphere and the company of friends at the brokerage house. (Photo by Aly Song/Reuters)



An investor's bottle with a communist party symbol stands in between computers showing stock information, at a brokerage house in Shanghai, China, July 22, 2015. The Chinese characters on the bottle reads, “To commemorate the 85th anniversary of the founding of the Communist Party of China”. (Photo by Aly Song/Reuters)

An investor's bottle with a communist party symbol stands in between computers showing stock information, at a brokerage house in Shanghai, China, July 22, 2015. The Chinese characters on the bottle reads, “To commemorate the 85th anniversary of the founding of the Communist Party of China”. (Photo by Aly Song/Reuters)



Tang Weiguo (L), takes a nap on chairs at during a mid-day break at a brokerage house in Shanghai, China, June 16, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. (Photo by Aly Song/Reuters)

Tang Weiguo (L), takes a nap on chairs at during a mid-day break at a brokerage house in Shanghai, China, June 16, 2015. Some are in it just for the money, others to help buy a meal. Then there are those who trade for fun or to spend time among friends. (Photo by Aly Song/Reuters)



Investors smoke as they look at an electronic board displaying stock information through windows in a smoking area of a brokerage house in Shanghai, China, September 7, 2015. Some are in it just for the money, others to help buy a meal. (Photo by Aly Song/Reuters)

Investors smoke as they look at an electronic board displaying stock information through windows in a smoking area of a brokerage house in Shanghai, China, September 7, 2015. (Photo by Aly Song/Reuters)



Investors play cards during a mid-day break at a brokerage house in Shanghai, China, July 8, 2015. Some are in it just for the money, others to help buy a meal. (Photo by Aly Song/Reuters)

Investors play cards during a mid-day break at a brokerage house in Shanghai, China, July 8, 2015. (Photo by Aly Song/Reuters)



Wu Lin’an (2nd, L) advices an investor on current trends in China's stock market during a “street stock salon” in central Shanghai, China, August 29, 2015. Wu, seeing himself as a senior player in stock investment, believes and advises others that the Chinese Communist Party will save the stock market and make people rich. (Photo by Aly Song/Reuters)

Wu Lin’an (2nd, L) advices an investor on current trends in China's stock market during a “street stock salon” in central Shanghai, China, August 29, 2015. Wu, seeing himself as a senior player in stock investment, believes and advises others that the Chinese Communist Party will save the stock market and make people rich. (Photo by Aly Song/Reuters)



Mr Zhou, displays stock analysis software on a computer screen, which is fixed to the back of an electric bicycle, during a “street stock salon” in central Shanghai, China, September 5, 2015. Zhou said he had seven years experience in trading stocks. (Photo by Aly Song/Reuters)

Mr Zhou, displays stock analysis software on a computer screen, which is fixed to the back of an electric bicycle, during a “street stock salon” in central Shanghai, China, September 5, 2015. Zhou said he had seven years experience in trading stocks. (Photo by Aly Song/Reuters)



Wang Ji, 29, recommends a stock to other investors at a "street stock salon ” in central Shanghai, China, August 29, 2015. Wang said he has been trading stocks for about ten years. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. A few businessmen also make use of the occasion to promote their stock analysis software. (Photo by Aly Song/Reuters)

Wang Ji, 29, recommends a stock to other investors at a "street stock salon ” in central Shanghai, China, August 29, 2015. Wang said he has been trading stocks for about ten years. For at least a decade, an area next to the People’s Square temporarily has transformed itself into a "street stock salon" during weekends, with investors from all over Shanghai coming to gather stock information and learn trading skills from others. A few businessmen also make use of the occasion to promote their stock analysis software. (Photo by Aly Song/Reuters)
13 Oct 2015 08:00:00