Over 99.7 percent of investors in the Chinese stock market are individuals, a survey released on Friday found.
As of the end of August 2018, there were 142 million stock investors in China, according to the survey, which studied the structure and investment characteristics of domestic investors.
The survey was conducted by the China Securities Investor Protection Fund Corp and the stock exchanges in Shenzhen and Shanghai.
China's capital market saw nearly 80 percent of its investors using their salaries or work pay to invest and more than 90 percent of them have a net income of less than 500,000 yuan ($74,334.5) per year, the survey showed.
Nearly 70 percent of the domestic stock investors are new to the market or have only very basic investment knowledge, according to the survey.
Despite limited experience, domestic investors seem to have put the bulk of their bets on stocks in terms of wealth management.
According to the survey, most investors put the largest portion of their capital into stocks, followed by deposits and bank wealth management products.
About half of those surveyed said they invest with an eye on medium- and long-term holdings. Less than 20 percent favor IPOs, special treatment stocks, and shares of companies that are undergoing restructuring.
About half of the surveyed investors said they are satisfied with the actions taken by regulators on companies whose shares are suspended, according to the survey. But about 70 percent said they want further regulations to prohibit listed companies from suspending the trading of their shares in a random and willful manner.
The survey included a panel data analysis of about 10,000 investors and also a random analysis of 162,000 online investors.