Hong Kong People and the Stock Market

This is a common scene in-front of Banks in recent months. There are tones of people looking at the screens to check on the stock market. You can see that no matter they are old or young people, they are all investing in stock market.

On this particular day, there is a big drop in the Hong Kong Hang Seng Index where there is a drop of over 5% or 1,526.02 points.

Monday's plunge came after Chinese Premier Wen Jiabao said over the weekend that four conditions need to be met before Chinese individuals will be allowed to invest directly in the Hong Kong market. The conditions include a law to regulate fund outflows to avoid a shock to the mainland market and studying the possible negative consequences for the Hong Kong stock market. His comments raised doubts about when the scheme to allow direct investment from the mainland, known locally as the 'through-train,' will be launched. Hong Kong shares had risen more than 30% since August.