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Since the trading volume on the Shanghai Stock Exchange (SSE) topped RMB4,000 billion at the end of this October, the SSE broke a new record on November 15, when its total stock market capitalization surpassed RMB5,000 billion for the first time. By closing of yesterday, the total market capitalization of the SSE listed companies had reached an all-time high of RMB5,091.282 billion.
The total market capitalization of RMB5,091.282 billion on the SSE yesterday, compared with that of the SSE listed companies at the end of last year, increased by 120%, with a total floating market capitalization of RMB1,257.244 billion, more than a double of that at the end of last year. According to analysts, the current trend shows that the growth rate of market capitalization on the SSE this year is expected to rank first among the global markets. This undoubtedly will be a new milestone for the Chinese stock market.
With the participation by Industrial and Commercial Bank of China, Bank of China, Air China and Daqin Railway, each with a large market capitalization, the Shanghai Stock Market has been further expanded, with its trading volume picked up gradually. By yesterday, 840 companies, 1,120 securities and 884 stocks had been listed on the SSE, with the total issued shares and the total floating shares of 1,006.083 billion and 219.585 billion respectively. Moreover, the trading volume on the SSE, increasing by 129% compared with RMB1,924.021 billion in the whole year of 2005 and RMB1,268.609 billion compared with RMB3,137.386 in 2000, had accumulated to RMB4,405.995 billion, the first of its kind ever since the opening of the SSE.
