We are talking about the Next Big Movement in China, whereas IN this oountry, people are talking about the "Wealth Creation Movement".
The current movement in China : « Wealth Creation Movement » (“ZhaoFuYunDong” in Mandarin)
The term is broadly employed by the media, particularly those in finance. According to these media, the “Wealth Creation Movement” was kicked off early 2006 when the China Securities Regulatory Commission promulgated the “Listed Company Equity Incentive Scheme Guidelines” on 31st December 2005 (governing Employee Share Option for A-share issued by State Owned Enterprises SOE) in line with the State Council’s objective on promoting the reform, opening & steady growth of the capital market.
The Measures allow an individual beneficiary (the employee) to obtain free up to 1% of the Company’s total share capital. The Scheme became an important means of share distribution, thus creating wealth. The total capitalization of the 2 stock exchanges (Shanghai & Shenzhen) amounted to 3,200billions USD last week, multiplied by 7 in One year.
The Share Option Wealth Creation movement is highly developed today by the “Netizens”. 1/6 (22 millions) of them are stock speculators, facilitated by the use of GPRS function of the mobile phones. ¾ of the transactions of funds are done on-line.
