$Tiger Brokers(TIGR)$ Latest China News indicates many young people took out loans and sell house to invest in the stock market, but unexpectedly got stuck within a day. Many Chinese banks issued emergency risk warnings and strictly prohibited credit funds from entering the stock market. These young people have decided to default the debts. Risk is at Bank. 🤣 Lesson learnt market isn't sure win and banks can be the ultimate losers 🤣
Source:
https://www.zaobao.com.sg/finance/china/story20241010-5035166
https://www.ntdtv.com/gb/2024/10/10/a103920499.html
https://wap.eastmoney.com/a/202410103202156586.html
Modified in.10-11
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
Great article, would you like to share it?