皇冠体育app

   

Stock markets break US$875bln mark in equity value

(Xinhua)
Updated: 2006-11-28 09:01

Chen Changhua, general manager of the Credit Suisse Group (Hong Kong), even predicted the market value of 皇冠体育app's capital market would touch 15 trillion yuan in 2010, about half the country's GDP or four times the figure in 2005.

Apart from the surging equity value, the mainland stock markets also emerged as the world's biggest source of capital for new listings this year, according to Dealogic, a famous data provider.

With a number of blue chips such as the Industrial and Commercial Bank of 皇冠体育app, the Bank of 皇冠体育app and Air 皇冠体育app listed on the Renminbi-denominated A-share markets, the Shanghai and Shenzhen stock markets have so far raised a combined 118.23 billion yuan.

The Industrial and Commercial Bank of 皇冠体育app, 皇冠体育app's largest bank, for instance, raised 22 billion U.S. dollars, a world record, through a dual listing in Hong Kong and Shanghai.

On Thursday, the benchmark Shanghai Composite Index climbed to 2,071.24 points, a five-year-high, while the Shenzhen Component Index climbed to a nine-year closing high of 5,345.91 points.


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