Content |
Exchanges in China
- Shanghai Stock Exchange (SSE)
- Beijing Stock Exchange
- STAR Market - an exchange focused on local technology companies
Chronicle
2024
The top 10 companies account for more than 45% of capitalization and only 19% of profit
As of October 2024, in China, the top 10 companies occupy more than 45% of capitalization, and give profit only 19%.
Sharp reduction in IPO volume
Record ratio of cash in the accounts of tech giants to their capitalization
The multipliers of Chinese tech giants are at global lows by September 2024 and are no longer in line with the tech sector.
The huge share of cash in many as a percentage of market capitalization indicates the concentration of Chinese companies on the return of capital to shareholders.
Benchmark CSI 300 index hits five-year low
Premier of the State Council of the People's Republic of China Li Qiang called for more effective measures to stabilize the falling Chinese stock market after the CSI 300 benchmark reached a five-year low on January 22, 2024.
2021: Chinese stock sell-off as regulatory restrictions intensify
2020: Capitalization growth to $10 trillion
In October 2020, the Chinese stock market exceeded $10 trillion for the first time since 2015.
The world's second-largest stock market added $3.3 trillion after a low in March, helped by Beijing's policies to encourage stock trading, a flood of new listings and a stronger yuan.
According to data compiled by Bloomberg on October 12, the country's total market capitalization is now $10.04 trillion, slightly below the record level.
In the US, the world's most valuable stock market stands at $38.3 trillion.
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