China state media cautions against Metaverse stock risks

FILE PHOTO: Investors stand in front of an electronic board showing stock information on the first trading day after the week-long Lunar New Year holiday at a brokerage house in Shanghai, China, February 15, 2016. C REUTERS/Aly Song

SHANGHAI (Reuters) – 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.

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