ING Survey shows investor sentiment rising for four straight quarters

ING Survey shows investor sentiment rising for four straight quarters A survey conducted by the Internationale Nederlanden Groep (ING) was released Wednesday, which displayed regaining of confidence by the Chinese investors. The survey found an increase in investor sentiment for four quarters in a row.

The survey, by the financial service provider based in the Netherlands, says that for China, the investor sentiment jumped to 158 in the second quarter of this year, up from 124 in the first quarter; and nearing a high of 164 scored in the third quarter of 2007.

Thus, due to this, China appears to have become the second most "optimistic" market in Asia after India.

According to Zhao Hanlong, a senior investment manager of the ING Investment Management Asia Pacific, since stimulus measures by the government have proved effective in countering the economic slowdown, such a high reading in China was not unusual.

The ING report read: "The rising investor sentiment was based on faith in the ability of the government to realize the target of 8-percent growth this year, and also on signs of a recovery in the slowing economy following the government stimulus."

It was revealed by 90% of the surveyed investors that a positive influence on the economy was being delivered by the country's 4-trillion-yuan (586 billion) stimulus package, announced in November.

Almost 78% believed that this year might see the economy expanding at the target rate of 8 percent, or even more, with an average forecast of 9.4 percent growth.

Over 1,300 Chinese investors, aged over 30 and with assets of at least $100,000 were covered by the survey, conducted in June through online interviews.