Investors still confident of ChiNext future

Sheng Xiaolan, a 27-year-old county-level civil servant in Zhejiang province and a long-time investor, considers herself fortunate to have escaped the bloodbath on the bourses. Sheng, however, maintains that she has ample confidence in prospects for the A-share market, especially the ChiNext board, China's Nasdaq-style market.

Sheng, who earns about 4,000 yuan ($640) a month, has invested about 100,000 yuan in the A-share market starting last year and had earned about 100,000 yuan. In June, she felt that the stock market would have a mid-course correction and withdrew her investments. She tried to scoop up stocks three times in recent weeks but failed, although the loss was not much.

"I think the government's support measures are timely as they have helped stabilize the market," said Sheng. "I am particularly confident on the ChiNext board as it is closely linked with China's economic transition."