China's stock market value reaches new high

www.chinaview.cn 2007-10-05 21:57:15 Print

BEIJING, Oct. 5 (Xinhua) --

The total market value of stock on the Shanghai and Shenzhen bourses has recorded 25.3 trillion yuan (3.37 trillion U.S. dollars) by the last trading day before the weeklong National Day holiday, 1.2 times of China's GDP in 2006, according to figures from the two stock exchanges.

Market value of the bigger Shanghai stock market stood at 19.6 trillion yuan while that of the Shenzhen market came to 5.7 trillion yuan.

Market capitalization, or market cap, the market value of all companies' outstanding shares, rose to 8.6 trillion yuan, statistics show.

By Sept. 28, a total of 1,479 companies with 1,583 stocks were traded on the two bourses.

China's equity markets raised 425.04 billion yuan in total through initial and secondary public offerings in the first nine months of this year, China Securities Journal has reported.

The figure surpassed the 423.89 billion yuan in combined funds raised on the markets from 2002 to 2006.

Chinese shares rose 2.64 percent to close at a new record of 5,552.30 points on Sept. 28, the last trading day before the current seven-day National Day holidays. (1 U.S. dollar = 7.5108 yuan)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.