shanghai little-known chinese elevator maker saw shenzhen-listed share surge maximum 10 percent wednesday reason company name resemble wang huning chinese communist party theoretician elevate wednesday china apex power frenzied buy hangzhou huning elevator part co whose business nothing wang offer late example endure influence short-term speculators despite regulators stepped-up campaign pump dump trade government introduce foreign institutional investors hop help improve trade culture country stock market sometimes liken casino u.s. index publisher msci include china a-shares global index next year wednesday surge huning elevator show many investors still pick stock merely name fundamentals pure speculation spur irrational euphoria nothing fundamentals say yang hai analyst kaiyuan securities heady investors chase stock burn trade huning elevator calm morning change communist party reveal around midday new politburo stand committee country top policy-making body seven-man unit include wang one-time law professor shanghai rise steadily party rank mostly operate behind scenes stock resume trade afternoon buy spree push maximum 10 percent give gain afternoon trade close percent elevator maker immediately reach comment forecast roughly flat nine-month profit oct. 13. name-based stock-picking uncommon china especially major political events last november news headline point likely presidential election win donald trump share wisesoft co ltd whose chinese name sound like trump big win surge yunan xiyi industrial- whose chinese name bear resemblance aunt hillary slump barack obama u.s. presidential election 2008 speculators pile home appliances maker aucma co ltd sound roughly like chinese pronunciation obama list firm china even take advantage speculators preference sexy name 2015 property developer shanghai duolun industry change name p2p financial information service co apparent attempt tap investors mania toward fin tech time trigger surge share bubble burst china speculators target 'huning elevator firm political namesake 's promotion