Chinese Investors Learn to Dance with Wolves

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Bloomberg BusinessWeek, Jan 11, 2016.
http://www.bloomberg.com/news/ar ... -manipulated-stocks

Quote:

"China’s market is particularly vulnerable to such schemes because it has so many unsophisticated investors, Gan said. Individuals account for more than 80 percent of trading on mainland exchanges, while one university survey showed that more than two-thirds of the nation’s new investors at the end of 2014 hadn’t received a high-school level education

"Today’s [piggy-back] mentality in China also has echoes of 1990s Japan, where reports of manipulation routinely showed up in financial tabloids and libraries were stocked with books on how to trade in manipulated shares, known locally as 'shite kabu.'

Note:
(a) summary underneath the title in print: To profit in the Chinese market, some look for manipulated shares
(b) "Liu [Xiaozhen], the chief executive officer at Qingdao Langwang Investment Consulting Co, a producer of online video seminars for stock investors in China’s eastern Shandong province"

青岛狼王投资咨询有限公司 刘晓振
(c) "The three-month class [taught by 刘晓振] is one of at least 100 across the country that promise insight into Zhuang Jia 庄家, a local term for market manipulators that portrays them as holding the upper hand."

(d)
(i) "GAN Jie 甘洁, a professor of finance at the Beijing-based Cheung Kong Graduate School of Business" (CKGSB) 长江商学院
(ii) "Oliver RUI 芮萌, a professor of finance and accounting at China Europe International Business School in Shanghai"  中欧国际工商学院金融与会计学
(iii) "The China Securities Regulatory Commission levied a 19.9 million yuan fine in September on YE Fei 叶飞, one of the country’s most well-known hedge fund managers, after saying he manipulated five stocks including Beijing Xinwei Telecom Technology Group Co. * * * Ye, the general manager at Yitian Investment Co" 倚天投资

(e) Japanese English dictionary:
* shite kabu 仕手株 【してかぶ】 (n) speculative stock株 【してかぶ】 (n): "speculative stock"
  ^ shite 仕手 【して】 (n): "speculator (in trading)"
  ^ te 手 【て】(n): "hand"
  ^ kabu 株 【かぶ】 (n): "stock; share"