Stock markets break US$875bln mark in equity value
(Xinhua)Updated: 2006-11-28 09:01
Chen Changhua, general
manager of the Credit Suisse Group (Hong Kong), even predicted the market value
of China's capital market would touch 15 trillion yuan in 2010, about half the
country's GDP or four times the figure in 2005.
Apart from the surging
equity value, the mainland stock markets also emerged as the world's biggest
source of capital for new listings this year, according to Dealogic, a famous
data provider.
With a number of blue chips such as the Industrial and
Commercial Bank of China, the Bank of China and Air China listed on the
Renminbi-denominated A-share markets, the Shanghai and Shenzhen stock markets
have so far raised a combined 118.23 billion yuan.
The Industrial and
Commercial Bank of China, China's largest bank, for instance, raised 22 billion
U.S. dollars, a world record, through a dual listing in Hong Kong and
Shanghai.
On Thursday, the benchmark
Shanghai Composite Index climbed to 2,071.24 points, a five-year-high, while the
Shenzhen Component Index climbed to a nine-year closing high of 5,345.91
points.
 | 1 | 2 |
(For more biz stories, please visit Industry Updates)
| ||