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China’s college students embrace stock trading, thanks to money from mom and dad
While many of his peers get their sense of achievement from online video games, Li Shengyao, a 21-year-old sophomore at the Shanghai University of Finance and Economics, gets it from playing the stock market. He describes himself as a short-term trader who “can’t stop my fingers from making orders.” Li spends at least three hours every night dissecting day-trading activity and company disclosures to prepare for the next morning. “When everyone else is losing like a dog,” he said. “I’m still making money.” One thing Li is not: an outlier. In China, it’s surprisingly common for college students to be ... (full story)