China state media cautions against Metaverse stock risks
The commentary comes amid a recent surge in stocks such as Shenzhen Zhongqingbao Interaction Network and Perfect World that are perceived as developing the Metaverse - a virtual shared space based on virtual reality (VR) technologies. It also came after China's top securities regulator, Yi Huiman, told a conference on Monday that exchanges should have a better understanding of investor behaviors in the Internet age.
- Country:
- China
Investment is not a virtual game and investors blindly buying Chinese stocks hoping to profit from the so-called Metaverse will likely end up in tears, China's official Securities Times warned in a commentary on Thursday. The commentary comes amid a recent surge in stocks such as Shenzhen Zhongqingbao Interaction Network and Perfect World that are perceived as developing the Metaverse - a virtual shared space based on virtual reality (VR) technologies.
It also came after China's top securities regulator, Yi Huiman, told a conference on Monday that exchanges should have a better understanding of investor behaviors in the Internet age. The Metaverse is still in its infant stage and related technologies are far from mature, the Securities Times said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- China
- Securities Times
- Shenzhen
- Chinese
ALSO READ
Between the US and a hard place, Germany's Scholz reheats China ties
China commerce ministry says Envalior to inherit 8.2% anti-dumping tax
Former China Everbright Group chairman charged with taking bribes, state media reports
China, Japan coast guards patrol disputed East China Sea waters
China launch of relay satellite Queqiao-2 for lunar probe mission successful