Shanghai bourse falls to 7th globally by capitalization

THE Shanghai Stock Exchange fell one notch from 2011 to seventh among the world's major exchanges by market capitalization last year, data from the bourse showed yesterday.

At the end of last year, the total market value of 954 companies listed on the Shanghai bourse gained 7 percent year on year to 15.9 trillion yuan (US$2.6 trillion), Gui Minjie, director of the exchange, said at a press conference.

The bourse's ranking fell as Shanghai stocks underperformed for most of the year until it started a rebound in December. The Shanghai bourse's capitalization ranked third after Tokyo and Hong Kong among exchanges in Asia.

The total turnover on the bourse was 16.5 trillion yuan last year, ranking fourth worldwide and second in Asia.

Total financing on the exchange amounted to 289 billion yuan, a year-on-year decline of 10 percent.

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