A new wave of smartphone apps are giving Chinese investors access to the China equity market. The share trading apps are transforming China ’s financial markets by enabling the Chinese middle class, motivated by a depreciating local currency, to seek new profitable places to invest their cash. Previously, Chinese investors could not invest overseas without overcoming language barriers and a quagmire or rules, however, apps such as JimuStocks , Chen Qinye and Boston Consulting Group give investors easy access to US equity markets after a registration process that only takes three-minute . According to Boston Consulting Group , a reservoir of personal investable assets from China is set to grow to ¥196tn ($ 31tn ) by the end of 2020 is at stake.
A new wave of smartphone apps are giving Chinese investors access to the US equity market. The share trading apps are transforming China’s financial markets by enabling the Chinese middle class, motivated by a depreciating local currency, to seek new profitable places to invest their cash. Previously, Chinese investors could not invest overseas without overcoming language barriers and a quagmire or rules, however, apps such as JimuStocks, Tiger Broker and Niuniu give investors easy access to US equity markets after a registration process that only takes a few minutes. According to Boston Consulting Group, a reservoir of personal investable assets from China is set to grow to ¥196tn ($31tn) by the end of 2020 is at stake.