The China's investor confidence index was higher at 24.36 % month on month to stand at 62.8 in January. The China Securities Investor Protection Fund Corporation on Friday said that the monthly index in January was the highest since April 2011, based on a survey among 4,483 investors from Jan. 1-28. Nearly 45 % of those polled said that they expect the benchmark Shanghai Composite Index to increase in February, and almost half estimate a bullish market performance in the coming three months.
The survey also indicates that the Chinese investors have confidence in the country's macroeconomic situation. About 50 % of those surveyed said that the favorable economic situations will buoy the stock market. But the investors were cautious about the international economic and the financial situations, and about a quarter of respondents said that the international economic and the financial situations will support the China's stock market.
The survey points that nearly 32 % of those surveyed said that they might improve the stock holdings in the next three months, while about 20 % said they would likely slash the holdings.
The benchmark Shanghai Composite Index drifts in January and reach an eight-month high after its string of tumbles in 2012.