A nearly unprecedented rally in China’s equity market earlier this month added more than $460 billion to share values and helped “lift global stocks to a one-month high.” This according to an article in Bloomberg.

After first making a case for buying shares, however, the article reports that “China’s state media struck a more measured tone,” by urging investors to be “mindful of potential risks and not use the market as a way to make a fortune overnight.”

The article cites comments from one industry expert who says that while China’s equities have some of the strongest fundamentals in the world, there are significant bubbles brewing in parts of the market that present “huge” risks.

“As China’s tight capital controls limit the investment options for the country’s savers, this year’s low interest rates and the first losses ever for some popular wealth management products are driving retail investors to stocks, “  the article concludes, adding that some analysts and media channels say China’s economic recover and the government’s handling of the coronavirus outbreak have “helped underpin the rally.”