'Flippers' on shaky ground as rally heats up

Inexperienced investors pile into frothy market, but many ignore risks as they hope to strike it rich, reports Li Xiang.

Chen Peng, a 25-year-old rookie investor, is a man in a hurry. He has been frantically flipping stocks in the hope of making a fortune amid China's equity market frenzy.

"Everyone has been talking about the hot market," said Chen, who works at a State-owned construction company. One of his friends claimed to have made nearly half a million.