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China's Securities Market Ranks Third in Asia
It is learned from the ongoing World Economic Forum- 2001 China Business Summit that China's securities market has ascended to the third place in Asia, next only to those of Tokyo and Hong Kong.
Luara M. Cha, vice chairwoman of China Securities Regulatory Commission (CSRC), revealed at the summit that by the end of March, the total market value of the listed companies in the mainland reached RMB 5 trillion, and the daily average total trading volume of the two bourses in the mainland amounted to over RMB 20 billion.
China currently has 1100 listed companies and 101 securities firms, employing 100,000 people. Investors have opened 60 million accounts for stock trading.
In addition, 54 domestically-registered enterprises have issued shares and got listed in Hong King and other overseas markets, and 69 overseas-registered Chinese red-chip companies have got listed in Hong Kong. By the end of last year, the total market value of H-shares and red-chips had accounted to about 28 percent of that of the capital market in Hong Kong.
Source: Panorama
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