Deep Read: Zocken im Schatten der Kameras
Auf der Suche nach Rendite stürzen sich Chinas Kleinanleger in Tech-Aktien. An einer Straßenecke in Shanghai spekulieren sie über Roboter, Chips – und die Politik der Partei. Ein Ortsbesuch.
In the shadow of the Far Eastern Hotel, a 1923 boutique hotel in Shanghai, dozens of people gathered on a Saturday evening in September. The air was filled with cigarette smoke and the sound of passing cars amidst the heart of China's economic and stock exchange metropolis. This gathering, known as the 股市沙龙 or gǔshì shālóng - roughly translated as "Stock Market Salon" - has been an unofficial meeting point for those interested in politics, money, and especially stocks for years.
It functions as a kind of Speakers Corner of China's financial world, where people can discuss these topics.
The presence of a foreign trade newspaper correspondent provokes some irritation, causing quieter conversations to subside. A loud speaker, wearing a yellow headscarf and long silver chains, sits in silence, wary of the audience. His listeners shift uncomfortably. One person states that the attendees had come to have an undisturbed debate.
In China, having such a venue in public space is considered a luxury, especially considering the ubiquity of camera surveillance among many people. In the line of sight, a police car with its siren flashing stands nearby.
Despite this, some continue to discuss China's booming stock market, its economic prospects, and their personal investment decisions.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
