A woman looks at an electronic stock indicator of a securities firm in Tokyo, Wednesday, Aug. 19, 2015. (AP Photo/Shizuo Kambayashi)
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Two months into China's stock rout, the dynamics of the declines are becoming clearer: The wealthiest investors have been the quickest to bail out of the market.The number of traders with more than 10 million yuan ($1.6 million) of shares in their accounts shrank by 28 percent in July, even as those with less than 100,000 yuan rose by 8 percent, according to the nation's clearing agency. Profits at Chinese industrial firms declined by 0.3 percent in June, versus a 0.6 percent gain in the previous month.The ranks of investors with at least 10 million yuan in stocks dropped to about 55,000 in July from 76,000 in June. Those with between 1 million yuan and 10 million yuan declined by 22 percent, according to data compiled by China Securities Depository and Clearing Corp.
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