According to Governor Geng Liang of the Shanghai Stock Exchange (SSE), the SSE’s total market capitalization by December 15 had reached RMB6.5 trillion, with a year on year increase of 183%. Its RMB140 billion raised funds ranked No.9 on the global market and No.2 in the Asia-Pacific region. Besides, its accumulative stock trading volume of RMB5.6 trillion, with a year on year increase of 192%, ranked No.15 among the global exchanges. Moreover, its large cap, increasing by 109% compared with the beginning of the year, ranked No.1 in the world.
Geng thinks that with the steady improvement in the market quality and efficiency, the SSE has truly cut its way into the blue chip market. The expansion of market scale and the increase in trading volume have witnessed a continuous growth in the performance of listed companies and a marked improvement in market quality. Among the new listed companies are a large number of blue chip enterprises including Industrial and Commercial Bank of China Limited, Bank of China Limited, China Petroleum & Chemical Corporation, China Merchants Bank Co., Limited, Baoshan Iron & Steel Co., Ltd., China Yangtze Power Co., Ltd. and China United Telecommunications Corporation Limited. All this has greatly promoted the investment value and the blue chip market footing of the Shanghai securities market.
The SSE has reinforced its momentum of supervision while propelling the market development. By this winter, it has examined 33,000 various disclosure documents, with a daily average of 132 documents. In addition, it has issued 712 supervision letters and 15 criticism letters. Furthermore, 17 listed companies have been imposed on public censures. More than 390 business departments and 3,000 securities accounts have been investigated in 245 abnormal trading.
