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China's Mainland Securities Market Ranks Third in Asia
China's mainland securities market ranks third in Asia in terms of the scale, next only to Tokyo and Hong Kong.
By the end of March of 2001, the capitalization of the listed mainland companies had reached five trillion yuan (about 600 billion US dollars). The combined average daily turnover of the Shanghai and Shenzhen stock exchanges is 20 billion yuan (about two billion US dollars), according to Laura Cha, vice chairwoman of China's Securities Regulatory Commission, the watchdog of China's stock market.
The security market of the mainland has a total of 1,100 listed companies, 110 securities companies, 100,000 employees and 60 million investors' accounts.
Fifty-four enterprises registered in China's mainland have been listed on the Hong Kong and overseas markets. Sixty-nine "red chip" companies - whose shares are controlled by Chinese companies and which are registered overseas - are listed on the Hong Kong Stock Exchange.
At the end of 2000, the capitalization of H stocks and red chips stocks made up nearly 28 percent of the total of Hong Kong's capital market.
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