Meet The 'Jim Cramer' Of China
26-year-old Hu Bin is China's most popular online market commentator - just four years after starting his blog. As Bloomberg BusinessWeek notes, his success started when Premier Wen Jiabao announced a 4 trillion renminbi rescue plan and as 'Commander in Chief of the Stock Market Army' Hu says "I knew I just needed to be clever and use this chance of high liquidity in the market to make myself famous." The brash, eccentric, and outspoken blogger is among the Top 10 most influential people on the Chinese stock market (though under his alias 'Yerongtian' - though preferring the nickname 'Batman') and notes that "any eccentric behavior would attract people's attention. If you understood this vital point, you could control people's minds." Hu says he is not a financial rabble-rouser adding that "the stock market in the US is managed by regulations; the Chinese market is managed by humans. The 72 million 'retail' Chinese investors aren't as mature as American investors, and I write to meet their immediate needs." While recognizing the irresistible pull of stocks, he understands he's giving advice to people he knows probably shouldn’t be in the market but are going to invest anyway.