An Anecdote of Investor Anxiety and Momentum in China

Table 10

Institutional investors in the A-share and B-share markets.

Total Average	A-share market	B-share market
Investment fund	4.5718	0
Overseas investors	1.9041	2.8366
Brokers	1.8350	2.2429
Insurance corporations	2.2585	0
Security fund	1.6483	0
Entrust fund	2.6657	14.1800
Finance corporations	1.3673	0
Banks	3.4651	4.0750
Total proportion	19.7156	23.3345

This table presents the proportion (percentage) of shares held by institutional investors in the A-share and B-share markets from the year 2007 to the year 2018. The type of institutional investors includes investment fund, overseas investors, brokers, insurance corporations, security fund, entrust fund, finance corporations, and banks.