Bloomberg Businessweek

Where It’s Still a Mom and Pop Market

Global money managers are about to meet China’s individual traders

It’s hard to tell whether the three-story building in a residential area of Shanghai is a stock brokerage or a senior center. On the first floor, white-haired men and women, some stooped with age, are gathered alongside rows of outdated computers set in wooden boxes. Upstairs, more people sit in VIP rooms, some reading newspapers, others playing poker, and a few peeling and eating shrimp.

They’re stock traders, spending a normal Thursday morning at the Quyang Road branch of Zhongtai Securities Co. Individual investors make up 80 percent of the trading volume in China’s $7.6 trillion stock market. And

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