Stocks News
- Shanghai bourse may rank among world's top ten
Date: 11-Apr-2007 Sources: (Xinhua Online)
The Shanghai Stock Exchange may rank among the world's top ten bourses in terms of market value, as more giant Chinese firms return to list on the mainland.
The total market value of the Shanghai Stock Exchange was 10.71 trillion yuan (1.34 trillion U.S. dollars) at Monday's closing, with yuan-denominated A shares valued at 10.64 trillion yuan and hard-currency B shares at 70.86 billion yuan.
The market value of the Swiss bourse, ranked the 10th according to a November 2006 ranking, was 9.25 trillion yuan, less than that of Shanghai.
Shanghai is expected to see its market value grow further with large red-chip enterprises like China Mobile, PetroChina and CNOOC listing there.
The total market value of the Shanghai and Shenzhen stock exchanges, standing at 13.76 trillion yuan on Monday's close, for the first time exceeded that of Hong Kong Stock Exchange reported on April 4 by a margin of 70 billion yuan.
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