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People's Daily Online>>China Business

Turnover of China's stock market drops 20 percent in 2011

(The Economic Daily)

15:54, January 18, 2012

Edited and translated by People's Daily Online

China's stock market recorded a turnover of nearly 42.2 trillion yuan in 2011, down nearly 23 percent from the previous year. Meanwhile, the number of valid stock accounts in the country reached over 140.5 million, up nearly 5 percent from 2010, according to statistics from the China Securities Regulatory Commission.

As of the end of 2011, the number of domestically listed companies, including those listed on the country's A-share and B-share markets, reached 2,342, up nearly 14 percent from the previous year. The value of the country’s stock market reached nearly 21.5 trillion yuan, down over 19 percent from 2010.

The average price/earnings ratio (P/E ratio) for the Shanghai and Shenzhen stock markets reached 13.4 and 23.1 in 2011, down nearly 38 percent and over 48 percent, respectively, from the previous year.

A total of 678 billion yuan was raised on China's stock market last year, a sharp drop from more than 1 trillion yuan in 2010. Funds raised through initial public offerings (IPOs) on the country's A-share market reached more than 282.5 billion yuan, a marked decline from nearly 488.3 billion yuan in 2010.

Funds raised through the issue of new shares reached 224.8 billion yuan, with 74 percent, or nearly 166.5 billion yuan, raised through private placement. Capital raised on the country's bond market reached more than 170.7 billion yuan, with nearly 74 percent, or about 126.2 billion yuan, raised through corporate bond issuance.

As for futures trading, the turnover of Dalian Commodity Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange reached 16.9 trillion yuan, 43.5 trillion yuan, 33.4 trillion yuan and 43.8 trillion yuan, respectively, in 2011, a substantial decline in both trading volume and turnover from the previous year.

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