Shanghai B-share Trade Surges in 2001

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Last updated at: (Beijing Time) Friday, January 18, 2002

Shanghai B-share Trade Surges in 2001

The B-share market in Shanghai has increased tremendously since China opened the B-share trade to domestic investors early last year.

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The B-share market in Shanghai has increased tremendously since China opened the B-share trade to domestic investors early last year.

According to statistics from the Shanghai Stock Exchange, the Shanghai B-share market opened at 89.55 points at the beginning of 2001, and climbed straight to the year's highest of 241.61 points after the B-share market was opened to domestic investors.

Closing at 171.53 points at the yearend, the Shanghai B-share trade volume totaled at 283.254 billion yuan (about 34 billion U.S. dollars) in 2001, surging more than seven times over the figure in 2000.

The year's top three companies at Shanghai stock market were Shenyin Wanguo, Guotai Jun'an and Yinhe, whose trade volume respectively stood at about 78.1 billion, 52.9 billion and 52 billion yuan respectively, according to statistics.

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