China's stock capitalization overtakes Japan as world's No.2

09:12, January 14, 2011      

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The official Shanghai Securities News reported that China's stock market capitalisation has overtaken Japan as the world's second-biggest.

A research report from a private think tank says the A-share cap in Shanghai and Shenzhen totalled 26.35 trillion yuan at the end of 2010, up 8.7 percent from 2009. That made China's A-share market 12 percent, or 420 billion US dollars, bigger than Japan's stock market.

About 350 companies debuted on the Mainland's A-share markets last year. They raised a total of 476.8 billion yuan through initial public offerings.

But China's A-share market recorded one of the worst performance in major world capital markets in 2010.

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