Millions of new investors piled into mainland Chinese stock markets in 2020
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China.ReutersBEIJING — More Chinese investors are piling into the local stock market.In December, the mainland stock market recorded 1.62 million new investors — double the 809,300 reported a year ago, according to China Securities Depository and Clearing. The organization handles trades for the Shanghai and Shenzhen stock exchanges.For all of 2020, new investors increased by 18.02 million to 177.77 million, the data showed. That's about 1.5 million new accounts a month.The surge of interest comes as many people around the world turned to stock trading while being stuck at home due to the coronavirus pandemic.The new investor accounts in China come as mainland stocks soared