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Chinese Enterprises Raise Over 460 Billion Yuan From Securities Markets
Chinese enterprises raised 463.27 billion yuan from domestic and overseas securities markets by March, a senior Chinese securities official said on May 8. Over 1,000 Chinese enterprises were listed, of which 960 are on China's Shanghai and Shenzhen stock exchanges and 46 on overseas markets, including London, New York and Hong Kong, said Jin Ying, deputy secretary-general of the China Securities Regulatory Commission, at a seminar on investment insurance and capital market.
China's securities markets have developed rapidly with reform, and have become an important part of the socialist market economy, she said, adding that the market capitalization of Shanghai and Shenzhen stock exchanges has reached 3.6562 trillion yuan. China has 89 securities firms, more than 2,400 securities business outlets, with 47.32 million individual investors and 214, 700 institutional investors. China has 10 securities investment fund management firms and 23 close-end investment funds, worth 50. 7 billion yuan, she said.
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