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Vigorous trading on China's capital markets
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13:08, June 09, 2009

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Regulator:no capital threshold to China's growth stock market

China becomes world's second largest commodity futures market

China's stock market has experienced a surge in trading turnover and brisk transaction in various trading varieties in the first five moths of 2009. In addition, the Shanghai Stock Exchange (SSE) is becoming one of the most influential securities exchange in the world. All of those seem to be signs of revival of China’s capital market.

Even though the international financial crisis has not yet hit the bottom and the international capital markets are still in depression, China's capital markets have been increasingly active.

From January throughout May, the turnover of stocks on the Shanghai Stock Exchange reached 11.55 trillion yuan. The average monthly turnover stood at 2.3 trillion yuan, more than two times as much as the average monthly turnover of 1.1 trillion yuan during the second half of last year.

During the same period, the turnover on the Shenzhen Stock Exchange reached 6.37 trillion yuan, more than double recorded in the second half of last year.

As of June 8, the SSE Composite Index closed at 2768, an increase of 52 percent from that at the end of last year; the SSE 50 Index reflecting stock prices of those good quality large enterprises closed at 2186, an increase of 57.8 percent from that at the end of last year.

According to rankings by the World Federation of Exchanges, by the end of April, the total market capitalization of listed companies on SSE hit 13.3 trillion yuan, ranking fifth among all the exchanges in the world, and the stock turnover totaled 9.13 trillion yuan, making SSE No.3 among all global counterparts. SSE is becoming one of the most influential exchanges in the world.

Although the IOP of the stock market has not been reopened, bond issues are quite frequent. From April to May, SSE issued 29 corporate bonds, with issued equity worth 51.6 billion yuan.

Meanwhile, the bond market kept a large trading volume. For example, from January to May, the total turnover of Shenzhen Stock Exchange amounted to 760 million yuan. May alone reached 430 million yuan.

Capital market is a "barometer" for the economy. Its vigorous performance proved from another aspect that China's economy is bottoming out and has gradually regained its confidence.

By People's Daily Online


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